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<br />104035
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower 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 />S. Iespaetion. 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 Coadeanuttim. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of an,a pArt of the Property, or 1br 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 sutra secured by this Security
<br />Instcwnent, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property.
<br />unless Harrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the aaaount of the proceeds multiplied by the Mowing fraction: (a) the total amount of the sums secured immediately
<br />before the taking, di %ided by (b) the fair market value of the Property immediately before the tilting. Any balance shall be
<br />paid to Borrower,
<br />U- #'zoperty is abandoned by Borrower. or if, after notice by Lender to 1 oTrower that,the condemAim r offers to
<br />make an ttwirdor settle a claim for damages, Borrower fails to respond to Lender within 30 days'after the date #the notice is
<br />given, Lender is a4tbortized to collect and apply the proceeds, at its optio6. either to restoration or repair of the Property de. .
<br />to the sutras secured by this Security Instrument, whetter or twt then dry; , :
<br />Unless Leander and Borrower otherwise agree in wtitiueI, any application of Fmorxeds to principal shall-not: extend it:c, .
<br />postpone the due date of the mointbly payments referred toin paragraphs 1 and 2 or change the amount of such piyin
<br />1Q. Borrower Not RelesiaL- Forbearance By Lender Not a Waiver. Extension of the time for, payment err,
<br />modification of amortization of the sums secure d by this Security Instrument granted by Lender to any xuccestor wet
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's swomsoris in interei
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse.to'oxtcnd time for
<br />payment or otherwise moditjr amortization of the sums secured by this Security Instrument by tea M' of any demand mate
<br />by the original Borrower or Borrowges succespon in interest. Any forbearance by Lender in exercising any right or remedy.
<br />shall not be a waiver, of or preclude the exercisemfany right or remedy. ;
<br />11.. Saeeeassen and Aatnips Bom* 4ota%t anel Several Liabii ,. Co- sipers. The covenants and agreements of
<br />this Security Instrument shall bind! Land benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of pattngraph 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; (b) is not personally obligated to pay
<br />- the -sutras secures bv_this Securitv Instrument; and (P) lyre�e -s that i writer and any. other A'r iewe - �� - «ptw` to =t=d,
<br />moot;$,, forbear or melee any arrommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />11 Loss Mare. If the loan secured by this Semi my Instrument is subject to a law which sets maximum loan
<br />is fitt'.Ily int.--psu that the iWZCr oe c zr l0,a ci�}lc3 wilcctcd or to be collected in
<br />connection with the loan exceed the permitted limits, then: (a) ar'W swch loan charge shall be, reduced by the amount~
<br />necessary to reduce the charge to the permitted limit; and (b) any sums it ready collected from Dwower which exceeded. .
<br />permitted limits will be refunded to Borrower. Lender may- choose to make this refund by rediccing the piirtcipal owed
<br />under the Note or by making a direct payment to Borrower. Ma refund reduces principal, the red #lion will be tinted a ;a
<br />partial prepayment without any prepayment charge under the Note
<br />13. Leg ditim Adrectieg Lendees Rights. If enactment or expiration of applicalsfe'laws has the effort '..
<br />rendering any prov%ioi n of the Note or this Security Instrument unenforceable 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 qf.
<br />paragraph 17.
<br />14. Notice, 'Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by.-
<br />mailing it by fast 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 />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Gi g Law; Srrerabli tr, This Security Instrument shall be governed by federal taw and the Iaw 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. Treader of the Property or a 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, Larder 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 o (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 loss 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 fails 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 on Borrower.
<br />It 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 (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power ofsale contained in this
<br />Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this
<br />Security instrument, including, but not limited to, reasonable attorneys' fees; and (d) takes such action as Leader may
<br />reasonably require to assure that the lien of this Security Instrument, Lenders rights in the Property and Borrower *%
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by
<br />Borrower, this Security Instrument and the obligations secured hereby shalt remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17.
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