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<br />If Lender required mmigage insurance a+ a condition of looking the loan secured by this Security Instillment.
<br />Harrower 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 &+ rmwer's and Lender's written agreement or applicable law.
<br />11. lospooke. Lender or its agent may make reasonable entries upon and inspections of the Areperty. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Coed somatioo. 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 />auigned and shrill 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 secured by this Security Instrument shall be 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 (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. Borrower 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 sutras 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 tire• amount of such payments.
<br />lo. Borrower Not Restaged; Fortraraaee By Leader Not a waiver. EAtension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument streamed 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 not be required to commence proceedings against any successor in interest or refuse to extend time for
<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 />11. Stteesasats ass Altlgi/ta Bollard; Joint and Stereral Lial)Ility; Cosigm2mk The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lcstsirr. liras. Borrower. subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and, k-9vra1 My iiuiruwlov who co-signs this Security
<br />Instrument but does. not execute the Note: (a) is co-signing this Serurit�r:ftt3tratlrient'only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security instcuttrciit: (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that i rider and i1Jt._V other borrower may agree to extend.
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that wrrower`sconsent.
<br />IL Loss Charps. if the loan secumd by this Security instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that flit interest or other loan charges collected or to be collected in
<br />connection with the tan 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; allot (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 psytntent.to Borrower. If a refund reduces principal. the reduction will.betreated; asa
<br />partial prepayment without any prepayikette charge under the Note.
<br />13. Le%Mialioa AQedI tt Ladle's Rights. If enactment or expiration of applicable laws has. -the effect of
<br />rendering any provision of the butt• or this Security instrument unenforceable according to its terms. Lender, at its option.
<br />may require it umaiitarte payment in full of all sums secured by this Security instrument and may invoke any remedies
<br />permitted by patttph 19. if Lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph I7.
<br />14. Notices. Any notice to Borrower provided for in this Security instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another metttixf. The notice shall be directed to the
<br />Property Addressor any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail Id Lmder's address stated hemn or any other address. Lender designates by notice to Borrower. Any notice
<br />provided for in tbig Security Instrument shalt be deemed to have beri,: given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Gorertdtttg Law; St4rsibility. This Security Instrument shall be gym mined by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any ptavision or ,clause of this Security Instrument or the
<br />Note conflicts with applicable law. such conflict shall not affect otbe'r- provisioris•of this Security Instrumert or the Note
<br />which can be given effect without the c+oudiicting provision. To this 'rod 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 tine Property or a Bmeeficiai Interest is 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 Lender 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 />of not le%%than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower fads to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand tin Borrower.
<br />19, &mower's Right to Reinstate. if Horroxer meet% certain conditions. Borrower shall have the right to have
<br />enforcement of this Security Inf• noment diwontinued at anytime prior to the earlier of (a) 5 days (or such other period as
<br />applicable i:rw may specify for . ,n'statement) before We of the Propert} pursuant to any power of Sale contamcd eat this
<br />Security imorument. err (h) entr) of a judgment eufouing this Security instrument There conditions are that ilormixcr
<br />(a) ('ayii 1 endcr all cum, which then would he due under thts Security lnstrument and the Note had no ac• :elr.ract„n
<br />occurred. fb, cures any defttilt of any other covenant~ or agreement~. ic) pays all etpcnses Incurred in erif,uaini; this
<br />6w,urit3 I11mrumi'nt. tr►cludmg, but not limited r+:, rea%moahle attorneys* fees. and td) takes such actt„u as I ender may
<br />rras,.iuf ') require t„ assure that the hen „f this Sc.urrty Instrument. I cttjcr''. rights on the t'r„perts and it„rrnacr s
<br />6fi11y:3ty tt !,• sus ?tie tusai, �ecurrtl h+, ibr. a.r,urtty instrument shall u•9ttnric iimhangli -d f p,,t+ rinatatcnirnt hs
<br />if •rr::w:•? 't,t, tc•. „rr�y Ir,.. +r+iartent .ut:d th;' „!,h } ;: +h•'na :r:urtff l7�reh'. �h all rr•sn.n+s ! Jh rf {r.I,t( +�,! r', .+.. +1 •r.at,,u+ he.i
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