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<br />iI I.endet teywred mortgage insurance as a condition of making the loan secured h% this Sccur ly Instrument,
<br />Botrower shall pay the premninis required to maintain the insurance nn effect until such time as the requirement for the
<br />miturauce terminates in accordance with Hornm er's and Lender's w rntcn agreement or applicable law
<br />H, inspection, Lender or t, agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower nonce at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9, Condemnation, The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of any part of the Property, or for con %eyance in Ireu of condemnation, are hereby
<br />assigned and shall he paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall he appited ac the sums .eeured 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,
<br />unless Borrower and Lender otherwise agree in writing, the scams secured by this Security instrument shall b4, reduced by
<br />the amount of the proceeds multiplied by the following fraction. (a) the total amount of the sums secured immediately
<br />before the taking, divided by ( h) the fair market value of the Property immediately before the taking. Any balance sha-111 K,
<br />paid to Born .-wer
<br />Wq},X; Prk *ix rty is abandoned by Barra % %er, or ref, after notice by t.cv,&� - u,- B; vw t:vet that the condemnor ut�rss. Zt�•
<br />make anaw�ari YN S. vcb: a claim fcir damages, Rvrromcr fails to respond 1,, itcnd'er, wgbin 3,1 Gays J: i the date the notices is .
<br />given. G., rider is to coUcot and appiu kbe prQc.eeds. at its option. either * a+Seslotatt, .. *.i \sr rzYpais of ttht Pr perty:or
<br />to the s¢errrh ;x� gird fiy this then due.
<br />10 , r;esc lender and Borrov+ertherwise agm in w.jtyng, any application of shal6 r,,4 extend li?r
<br />postpone the due date of the mont'u% payment/ Ir.ferred to in paragraphs i and ? or'change atne am.�t�nt of such payments.
<br />10, Borrower Not Released Forbearance By Lender Not a Waiver. E\w. ision, `o; ahte• time for payment +ar
<br />modification of amortization of the sums secured by this Secunly Instrument pmmed by Lm., etr ao any successor dr
<br />interest of Borrower shall not operate to release the liability: of 'the anginal Borro%%et or. Borrower's succesutc-s; m interests.
<br />Lender shall not be required to commence proceedings elig ,;nst any successor tin interest .0 refuse to a cud time'K-c
<br />payment or otherwise modify amortization of the sums secertri by this Security Instrument by reason of any demand made
<br />tsy 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 />12, Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of
<br />this Security Instrument shall hind and benefit the successors and assigns of I.ender tmd Borrower, subject to the provisions
<br />of paragraph 17 Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note (a) is co- signing this Security instrument only to mortgage• grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument. (h) is not personally obligated to pay
<br />the sums secured by this Security Instrument. and (c) agrees that Lender and any irther Borrower may agree to extend,
<br />rii•dify, i+t°i,..ar %'I ,,emus ally rrcciariiriitdain�ii♦ wriii regard ire ins ietnn of iiit� c-vurity- In•.initttrni err [lie '�taiC wtihtrUt
<br />that Borrower's consent
<br />tl. Loan Charges. If the Ivan ,mired by this Security instrument is %uhurt Tea lau w-hi. h ,xis 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 he reduced by the amount
<br />necessary to reduce the charge v• the permitted limit: and (Many sums already collected from Borrower which exceeded
<br />permtrcwi limits will lx refunded to Borrower Lender tray chon%e to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Aeorrower. if a refund reduciw principal, the reduction will he treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13, Legislation Affecting Lender's Rights. If taraciment or expiration of applicable laws has the effect of
<br />ccr¢e�icgdrly provision of the Note or this Security Instrut, ."t^_: unenforceable according to its terms. Lender. at its option,
<br />rM ie1 Fit4ltre trnmedtate payment to full of all sums secured sty this Security Instrument and may msnke any remedies
<br />alyh 19 If lender exercises this {epnon. i enclrr shall take the steps specified in the second paragraph of
<br />h,aragri fth. I'.
<br />Vt. Notices. Any notice to Borrower provided f,; r to.l L-» tiecu,rity Instrument shall be given by deiivaT.ingit or by
<br />mailuiLp. it. by first class mail umles~, applicable law u. 4 ot; .:•nether method. The notice shall be directed to the
<br />Property :address or any otheratl&o -. Borrower ouce tr Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's addre-s< stated hereu);or, ny e4her address, Lei ;,.ter designates by notice to Borrower. Any notice
<br />pro% ided for in this Si unty Instrtment ,half rte deemed to base beer, giicn to Borrower or Lendrtr. when given es provided
<br />in this paragraph.
<br />15. Governing Law; Sei•etrability. This Securrt, Noorument shall he g,•\ cried by federal law and the law of the
<br />jurisdiction in which the Property is located. In the e%enr 1-har sn% pu)%,isu{n or clause! cif this Security In -ntru.tr eni or the
<br />Vote conflicts with applicable law, such conflict shall not affect other, provistoris of this Security instrument fir the Note
<br />which can he given effect without the conflicting provision To this ent1the ntovisi ow. of this Security Instrument and the
<br />Vote are declared to to w. i erable
<br />16. Borrower's Copy. Borrower shall be green one ennformed copy of the Note and of the Security Fin%trument.
<br />17. Transfer of the Prop"—. or a Beneficial into st. in Borrower. if all or any hart „ t the I'rc,tr:rty or any
<br />interest in it is %old er transferred (fir if a beneficial interesi'th•13orrower i% sold or transferred and fcirrower is not a natural
<br />person without prior written cons'rin,. Lender may, at ttY.itl]i'il1n,. require immediate p::ymeni in full of all sus,;
<br />secured by this Security Instrument. Howeliei•, tlti, <optiwS shall nf%e t,e .exercised by I.cnder it'z1;40 Ise 1% prub+hrted
<br />federal tai% as of the date of this Socurtiy. im(ijs+iji.i7t
<br />I'f'1.ender exercise, ilti, option. t.eniJer-,gi Al•gi're Bi- trmt%cr r.ot-,t;. of acceleration The t{nttce shall r-n'•, r,! e a Tieruid .
<br />,rf not Jc :than 30da% frnrn the slate the notiwRai's LSelivet,�1" ;'t mat} .3 tc?ilhin w hich Hnrrrower roust pay all, ; sr! ured'..J-.-
<br />thi, Security lnatrumcni if Borrower fails to is�_ these sums prior t.: •the e+lpiratu,n of tin. period. I ender inati irnokc • .,r,,
<br />remedle%permitted h; this Security Instrument withnut further rinh.e tit demand on Horn,wer
<br />IS. Ittirrower's Right to Reinstate. If Horrower meets certain conditi(in%. Horro%%er shall ha%c t: :,'nz'tt Io ha, tv
<br />cnfotternct,t .11 thl %S"cur :ts Instrument discontmucd at any time prior to the earlier of tai s li,,%, for .nth oil-tr period .S•
<br />.rpl+ll.ah!,• la %% etoa% .pc,ify for tein,tatementi heft to %ale (if the Prop.•rty put%aam it, .ui% p, vier , f sale ,oniatried In th:,
<br />siccutity lrmrumcn, r.r rt%f entty ,%t a ludgrnet:r r: ! ;,rtang+ht, tie, t,rtr. histrunrcnt 1 h„sc .i r,,irr•••rs .err 0-:it Bavr••wrt
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