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<br />1Q433
<br />If Lender required mortgage insurance as a condition of m4in3 the loan secured by this Security I
<br />Borrower snail pay -the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance ttrininates inaccordance with Borrowe sand Lender's written agreement or applicable law.
<br />9. -Impeetko. Lender or its agent may snake reasonable entries upon and inspections of the Property. Lender
<br />slsaltgive Borrower notice at the tiimaafos prior loan inspectionfpecifying rea>sonaNe cause for the inspection.
<br />!: rte. The proceeds of any award or claim for dan ato 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 />aasiped and shall be paid to Lender.
<br />in the went 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 />ankss Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be redhead 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 mender 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 sums secured by this Security Instrument, whether or not then due.
<br />Unkis Lender and Borrowerotherwise 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 I and Z or change the amount of such payments.
<br />10. Bearro*er Not Rekswift Forbearance By lender Not a Waiver. Extension of the time for payment or
<br />modification of amartiution of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not opet�'.e to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to atnmence proceedings against any successor in interest or refuse to extend time for
<br />payment of otherwise modify amfmlliation of the sums secured by this Security Instrument by rea.ton of any demand made
<br />by the original Borrower or BorrClites successors in interest, Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclr & the exercise of any right or remedy.
<br />t)i',. Soeceaaors od Amts,: Boma* Joint ani Several 41MIity; Cosigaem The covenants and agreements of
<br />this Seim �i: i# Instrument shall bi, grind benefit the successors anvil kssigns of Lender and.l3urrowcr, subject tatltr �rrirvisions
<br />of par#mph 17. Borrower's cov&tdrs and agreements shal)'beijbint and several. Any Hdrower wlio :co-sign` jhLi ,Security
<br />Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to wairg�W„ grant and convey
<br />tihat Borrower's interest in the Property under the terms of this Security Instrument; (b) is not lt. %..ksai;y obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other. Borroivir may agree to extend.
<br />modify, forbear or make any accommodations with regard to the terms of this SecuAt:y -f nsirument or the Note without
<br />that Borrower's consent.
<br />12. Lan ('h#rgea. If the loan secured by this Security Instru.Trxt is subject to a law which sets maximum loan
<br />charge% and that finally interpreted so that the interest or artwi- loan charges collected or to be collected in
<br />connectizm with tht' OORV rxcW— the permitted limits, then; (a) any such loan cbz-,.e shall be reduced by t.Mr amount
<br />necessary permitted limit; andl(s).zny sums already co.Icv4d.from Borrower whiOm.- a = =ded
<br />permrtttYdt',r nits wtl wise;; efuncr d tit+ Borrower. Lender m4y Onoose to make this reft:.-rd by reducing the priw# tl owed
<br />under the Note or b3- 'rr#ing a dirmt payment to Birrower. Ifa refund reduces principal, the reduction will be treated as a
<br />Perlis) prepayment sat b:3ot any prepayment charge under the Note.
<br />13. Ltpliifp AReeting L,em iler'si Mots. if enactment or expiration of - applicable laws has t,ho effect of
<br />rexkring.any,4rovision of the Ncti,on*,hi; & urity Instrurari unenforceable its terms. Lender, at i'"aption, nay rei;_,,:�t.immediatr
<br />payment iii fu;i adi bums secu_i'di 4 thi, Security Instcu, ,-mt and may invoke any remedies
<br />permittpdt� r+y paragraph l9. If Lender exer :y es his option; Lender shales r� a the stq� ,specified itat jta wcond paragraph of
<br />paragraph 17.
<br />M. , Notices. Any notice to Borrower provided for in this Sccur: +i•l (Astru, -er; shall he given by delivering it or by.
<br />mailing iii'• Coy first class mail unless applicable law requires use of anoth : methc.1- Vie notice shall be directed to the ,
<br />Property *,Mdress or any other addre%% Borrower designates by notice to Lender. A ry isotice to lender shall be given by
<br />first class mail to Lender's address stated herein or any other address L=&r designates by notice w Borrower. Any nottcL
<br />provided for in this Security instrument shall tx"d'axmed to haw been 8rren to Borrower or Lerrdxirwhen given as provided
<br />in this paragraph.
<br />IS., Governing Law; Sevitrability. This Security . Insrument shall be governed by federal law and the law of the
<br />jurisdictkwx ire which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Note c00016 with atpplicabhe law, such conflict shall not affect other provisions of this Securty fnstrument or the Note
<br />which can be given. a Toot without the conflicting provision. To this end file provisions of this Security Instrument and the
<br />Note are declared to Ix severable.
<br />t4k B&rowev's may. Borrower shall he given one,�imfomted copy of the Note and'of this Security Instrument.
<br />17: Trm&%r of tie Property or a Besefieiat Itstettlxi Lin Borrower. if all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest ra,&; -rower 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 to full of all sumo
<br />secured by this Security Instrument. However. this option shall not he exemsed 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 lest: than 30days 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 thm perioo, ter der may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />IL Dwrrtrtr s R(git is Reinstate. if Borrower meets certain conditions. Borrower shall have the right to have
<br />enforcenrettt of this Security Instrument discontinued at any time prior to the earlier of (a) 5 days ((it such other pcnsxh as
<br />ayplrcabio law may.specify for reinstatement) before sale of the Property pursuant to ally power of sale cont.amed nt this
<br />*Drily Instrument; or (b) entry of a judgmeni enforcing this Security Instrument 1 hose arndstunls are that Ilurr(twer.
<br />(a) pi)s Lender all sum% which then would he due umler this Security Instrument and the Ncre had no atceleratasn
<br />occurred; (h) cures any default of any other covenants ur agreements; (c) pays all expenses incurred m cnf tumg, thi4
<br />Security iostrunicnt. including, but not limited sir, reasonable attorneys' fees; and (di takes such action as 1 ender ma}
<br />reascmably require to assure that the lien of this Security instrument. tender's rights rn the d'rolsetty ,end Ittsrrowtr',
<br />sobhga110" to Pay the sums secured by this Security tnstrumrnt shall oomutue Utichangcd I'tsnn rern.t:atentent by
<br />Bortowar, this Securrt) lnstrunient rntd the ubltgationssecured hereby shall remtun fully eflevil a as rt rtes acLcicratusn had
<br />a occurred However, this right to reinstate shall trot UPply to the last of accelerattson is ruder t1araKrapb i t air t
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