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<br />1 if Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower ~hall pay the premium-. required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminate in accordance with Borrow'er's and Lender's written agreement or applicable law.
<br />8. Inspection. 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, 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 conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />in the event of a total taking of the Property, the proceeds shall he 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,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Secur w ,AvArument shall be reduced by
<br />the amount of the proceeds multiplied by the fctftow•ing fraction: (a) the turgli arrr.ou nt .;Y ilw sums. %.(.vured immediately
<br />kflore the taking, divided by (blithe fair market value of the Property immectn�eP�s ht liar �h; %3akirrg.. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by Lender to Borr�nve� 'T That tint; cY,m_dcmnvr 4t'ers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 9ci3 days after- tier date the notice is
<br />given. Lender is authorirtcid Q %>s collect and apply the proceeds, at its option, either to restoration or rcpaw of the Property or
<br />to the sums secured by this %verity instrument, whether or not then due.
<br />Unless Lender and Ht -vower otherwise agree in writing, any application of proceed0k -I, principal shall not extend or
<br />postpone the dace -.fate >il€the monthly payments referred to in paragraphs 1 and 2 or chango'rhe amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Fxtensitin of the time for payment or
<br />modification of amortiratici;i 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 />Lender shall ,trot he required to commence proceedings against any successor in interest or refuse• ik* extend time for
<br />payment or'otherw•ise modify amortization of the sums secured by this Security instrument by reason of any demand made
<br />by the orit"nal !iBorrow•er or Borrow'er's successors in interest. Any Forbearance by Lender in exercising any right rr remedy
<br />%h s11 not he a.%4iver of of povclude the exercise of any right or remedy.
<br />11. S WC..."Wrs Berg Assigns Bound; Joint and Several Uability,'Ce Niigners. The covenant: and a_grevrne its of
<br />this Security Instrument sha66 bind and ttenefit the successors and assigns. of Lender and Borrower, subject to the prflt isittns
<br />of Paragraph ] ' 7. Oorrower's covenants and agreements shall be joint and several. Any Bcitrow•es who r(tisigns ihi-,!&& rity
<br />Instrument b ul does not execute the Note: (a) is co-signing this Security Instrument only to morigage, grant and cdnvey
<br />that Borrower's interest iii the Property under the terms of this Security Instrument. (b) is not persorsally obligated to pay
<br />=hi sums secured by this Security Instrument. and (c) agrees that Lender and any other Borrower rimy agree to extend,
<br />tF�dtfy. furbe r or make and accommodations with regard io i1gh Woos tit 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 />necessary to reduce the charge to the permitted limit and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Burrower. Lender may choose to make this refund by reducing the principal owed
<br />under the.Ncate or by making a direct payMent to Borrower. If a refund reduces principal. .the, reductioir will be treatted as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Allretting Lender's Rights. if enactment or expiration of applicable laws has the effect! of
<br />rendering any provision. of the Note or this Security Instrument unenforceable according to its terms. Lender. at its optitsk.
<br />may require ;3rtrrnedia4e "�rayment in full of all sums secured by this Security instrument and may invoke any remedies
<br />permitted by 0aragraph 14. If Lender exercises this option. Lena- r'shall take the steps specified in the second paragraph of
<br />paragraph 17' '
<br />14. Notices. Any,- notice to Borrower pros idr„d for in c-fii: Securer y Qrsirument "�?iafl be given by delivering it or by
<br />pttailing it by first class cox: unless applicable law,re-q=res case Of anvEher,rheahod. The notice shall! be directed to the
<br />Property Address or any t:cner address Borrower designates by notice ca• Ler _r. Any a 6pce to Lender shall be given by
<br />first class mail to Lenders address stated herein or an! attheraddr". - -Lender designates bu clatice to Borrower. Any rtonce
<br />provided for in this Security Instrument shall be deemed y Ss?;ave. been given ta&irrower or Lender when given as provided
<br />e n,this paragraph.
<br />15. Governing lAw.;,Severability. This Security instrument shalt h greswerned by federal law:izi the law cif the
<br />jurisdiction in which the Property is located. In the event that any provision ar clause of this Security- instrumct# :.o, the
<br />Note conflicts with applicable law, such conflict shall not affect other provisiahs of this Security Instrument or ttae'� :t;• *.e
<br />which can be given effect without tlj, � rAicting provision. To this end the provisions of this Security Instrumetit.and ibe
<br />Note are declared to be severaMe :.. "
<br />16. Borrower's Gipy,. .Bbrrowcr,,hali be given one conformed cop' yi -d'the Note and of this is a.rity instrument. •
<br />17. Transfer of the- Vtciperty or a Beneficial Interest in Borroivrar..; If all or any part of t�•e'Propert }• or any •
<br />interest in it ty. Sold or trati.s �rscd (or if a beneficial interest in florrgvvcr iti s�alrilor transferred, and Borrower is not .x n iaral
<br />person) wit otit Lender'•%pr,ior written consent. Lender may. at its option; require imrn rcli;stc payment. in full of all sums
<br />seuiirM by fhii i!kcunt�• 14, ;Iumcni. However, this opit.m shall not be exerclnr^ ,Mt Ci't, :der if execc�se is prohibited by
<br />fug al s� +ra; cif the dat`c :',il bis Security Instrument.
<br />If Lender exercises Ais option. Lender shall give Borrower notice of acceleralir,;t!. Tfuc notice %hall prof i(tc a period
<br />of not less than 10 days from the date the notice I% delivered or marled within which Borrower must pay all.umti seu.rcct -by
<br />this Security Instrument. If Borrower fails to pay there turns prior to r the expiration of ihi% period. Lender Ina) im r :k
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower
<br />18. Borrower's Right to Reinstate. If Borrower meet%certain c•onditirut %. Borrower %hall have the right tt, have
<br />enforcement of this Security Instrument di%conimued at any tittle prior to the earlier of (a) 5 da%%(or such othct period a%
<br />applicable law may %pacify for reinstatement) before %ale of the Property hur%uatit to any power of %alc contained nl this
<br />Scvurily Iristrurnent• of (b) rntn of a judgment enforcing this Security Irntrunnirt 7hrt.c : )III htlon% arc that fic,rrt,wcl
<br />191 rays Lender all %u►n% which then wrluld be due under this Security Ill.trunlent and the \t,tc h.n) n„ a,t,•Irrantrtl
<br />,,.t.urrcd. (h? cure% any d choir (If an} other col,enatlt% III agrecnfCnr% (t:) pay, Al eeltt n %c% 111, titrctl :n t nlort in,: this
<br />Sc,urtl) In%truinctlt, 11— luJlny• hilt not hrnitcd fit. reasonable .Ittr,rncy%' fee% ir„I (tit t .0kc, %u,1c .1, t1: -1, .1, i r-1 Jt r nl.tt
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