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ff Lender required mortgage inmrauce as a conditift.of. mailing the loan secured, by this Security .Instrument,
<br />insurance in until such time as the requirement for the
<br />Borrower sh*U pay the preMilmis required to, maintain the effect
<br />insurance terminates in accordance with Borrower's and Lendeds written agreement or applicable law.
<br />S. ImtMectio Lender or its agent may make reasonable entries upon and inspections. of ,the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9.. Co wlefts im The proceeds of any award or claim for damages, direct or consequential, in cotrttection with
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<br />nay condemnation or otter taking of any part of the Property, or for conveyance In lieu of condemnation, are hereby ..
<br />assigned andshall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then'due, with any excess paid to Borrower. In the event of a partial taking of the Property,
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<br />-- unless$offower and lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (aj the rota Tamount of file sums —seceri itnttrratety --
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<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrpwer fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount ofsuch payments,
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<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
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<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's Successors in interest.
<br />any successor in interest or refuse to extend time for
<br />Lender shall not be required to commence proceedings against
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest, Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />il. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />be joint and several. Any Borrower who co-signs this Security
<br />of paragraph 17. Borrower's covenants and agreements shall
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Boffowees interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />by Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />the sums secured this
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />to the limit; and (b) any sums already collected from Borrower which exceeded
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<br />necessary to reduce the charge permitted
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
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<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender, at its option,
<br />in full secured by this Security Instrument and may invoke any remedies
<br />may require immediate payment of all sums
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security 'Instrument shall be given by delivering it or by
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<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall'be given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of ibis Security Instrument and the
<br />Note are declared to be severable.
<br />16, Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security instrument,
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. if all or any part of the Property or any
<br />if beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />interest in it is sold of transferred (or a
<br />person) without Lender's prior written consent, Lender away, at its option. require immediate payment in full of all sums
<br />secured by this security instrument. however, this option situ's tn�t':ic cresctsi c', by Lender if exercise is prohihitwt try
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<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than 30 days from the date the.notice is delivered or mailed within which Borrower must pay all sums secured by
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<br />this security instrument. If Borrower fails to pay iltcsc sums pr for to the cApiration :if this puritid. L curler rn r; !rv..fre a!ty
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />18. Borrower's Right to Reinstate. if Borrower meets certain conditions, Borrower shall -have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days ((it such other pertod as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in tills
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<br />Security Instrument; or (b) entry of a judgment enforcing this Security Instniment. Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under this Security .Instrument and thy. Note had no acceleration
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<br />occurred; (h) cures any default of any other covenants or agreements: (c) pays 311 expenses incurred rrr enf��rcuei this
<br />Security Instrument, including, but not limited to, reasonable attorneys' feel: and (d) takes %ucir actin t as Lender may
<br />reasonably require to assure that the lien of this Security instrument. Lender's rights to thi: Property and Korrmt cr's
<br />obligatioit to pay the sums secured. by..this.Security Instrument sha11 continue unchanged. t'1v�n renvoatement by
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<br />Borrower, this Security Instrument and the obligations s,cured hereby %hall remain fully OtectiVe ati If nu .racier ;trine haJ
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragrapf s 11 or 17
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