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<br />894)3383
<br />If Lender required mortgage insurance as a condition of making the lain wcured by this Security Instrument.
<br />Bturov.er shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law,
<br />N. Inspeettoa. 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. Condernaatioa, 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 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,
<br />unless Borrower and Lender otherwise agree in writing, the sums sefurtd by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fractim, 40. the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Pretp }• 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 tzLitim for damages. Borrower fails to respond to Lender within ?'+6 dad s after Oc date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, eirh.er. to restotac'm cr repair of the Property or
<br />to the sums secured by t;hk %mxurity Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any applications of proceeds lira principal shall not extend or
<br />postpone the due date o6' Dc monthly payments referred to in paragraphs 1 and 2 or change the amount of such paym>~nts.
<br />10. Borrower NO Released; Forbearaate By Lender Not a waiver. Extensiurn of the time for payment or
<br />modification of amortixabx M of the sums secured by this Security Instrument granted by Lender .to any succes> gr in
<br />interest of Borrower shzft run operate to release the 4aability of the original Borrower or Borrower's successors in interest.
<br />Lender shall net be required to commence proceedings against airy successor in intere�ip isr.refuse to extend time•t`or
<br />payment or othemixemodify amortiration of the sums secured bythis Security Instrument hn reatuon of any demand ordure
<br />by the originiil''Rmower or Borroweessucemsors in interest. Any forbearance by Lender tatsercising any right or ii.„trredy
<br />shall not be a waiver of or pe t Jude the exercise of any right or remedy.
<br />11. Suceesem sni AssiM Bound; Joist and Several Liability; Can - Biggers. The covenants and agreements of
<br />this Security Irtstrurnent shall bind anti benefit the successors and assigns of Lerider.and I}cttrower. subject to the provisions
<br />of paragraph 17'. Borrower's covenants and agreements shall be joint and severml. , busy Ewtrciawer who co-signs this Security
<br />Instrument but does not execute the bate: (a) is co-signing this Security InstrlautpO . Oty to mortgage, grant and eonvey
<br />that Borrower's interest in the Property under the terns of this Security Institrxent; (b) is not personally obligated to pay
<br />� a.w .+va.,a woaaaa art this ■riataairtaciii. otttt tic/ rlstca•a aunt ..cttuct antra orgy t)tuCi tsatiruarcr ntiiji agree [O G11Cnu, _..
<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. L WN C1tarws. If the loan secured by this Security instrument is subject to a law which sets maximum hyan _
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />crmroosaiun with the loan ecceed 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 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 AA'ectins Lcoder's Rybts. If enactment or expiration of applicable laws has the effect of
<br />renderin6 any provision of the Note or this Security Instrument wicaforceable according to its terms, Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Security instrument and may invoke any remedies
<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. Arty; nctux to. Borrower provided for in this Security instrument shall be given by delivering it or by
<br />rtz
<br />nailing it by first class 4l. utT.kA 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 starod herein or any other address Lander designates by notice to Borrower. Any notice
<br />provided for in this Security instrument shall be deemed to have been given tip Borrower or Lender when given as 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 this 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 tke Property or n Beneficial interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent. Lender may, at its option. require immediate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall not be exercised by I ender if exercise is prohibited by
<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 />or`not less than Mdays from the date the notice is delivered or marled within which Borrower must pay all sums~ secured by
<br />this Stvunty Instrument If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any
<br />reinedics permitted by this Security Imtrument without further noticc or demand on Borrower
<br />18. Borrower's Rigbi to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to have
<br />enforcement of this Security Instrument dmicontinued at any time prior to the earlier of- furl 5 days (or such other period as
<br />applicable law may specify" for reinstatement 1 before tale of the Properf) pursuant to any power of sale contained to this
<br />%ccufity (nstrunient, or (b) entry o 'rho
<br />f a )udgmcni enforcing thta Security Instrument "rhe cimditrans are shat Borrower
<br />(a) t:a)> I.CndCr all sums which then would t`e due under this Security Instrument ;end the Nine had nn acceleration
<br />'K;a;ilrrCd (h) eulo. any defeult of any other of enants or agreements (ii pays all euli:•nses incurred in cntivcmg rhos
<br />Sr.Luetly Imtrunmit. indur ing, but not hrrutcd t(•. rcasmiahle alioriieys' fces.:and 1d) takes such 'ioitln .is Lender gram,
<br />:ea:::.a�ly tcqu;rr V. a,a;;c th.;u the lien .d On, S utaiv itrvirtirncnt. I eitricr% rights in the itrilicrty ,raid lt,tmmer', � 3
<br />obhp,oti'u to r -a%, file vtuns v%urctl hs iliss locum} limroment sh;ili tF.otrnu;• unchsn)•cft t r0l) rcinstateruciii hs
<br />(lorr,. -Ate. rt:r. Se, writs tmtrunrrart and rite "�lie.Jtt pus setejrr.d Ixr, hti shill r-m.nri lulu , fh, t:u .i. it
<br />i ,..rrr,t V. rein0afc al!.it1 tr t .it'll} nr grit• • •t,., ' .. . •- N-vftf. •s ,;ref: r I !t is a it•r,, * t 11 1 y
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