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144353
<br />If Lender required mortgage insurance as a condition of malting the loaf secured by this Security Instrument,
<br />Borrower shall pay the premiums requited to maintain the insrace 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 />I. L speed . Lender or its Mot may make remnable entries upon and inspections of the Property. Lender .
<br />{ sbaU i6ve Borrower notice at the time ofor prior to an inspeetion.specifying reasonable cause for the inspection.
<br />9 Cesid araation, The proceeds of any award or claim for damages, director consequential, in connection with
<br />any condarawion or other taking of any part of the Property. or for conveyance in lieu of condemnation, are hereby
<br />aaigneti and :ball be paid to Lender.
<br />t
<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 hefore 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 of
<br />to the sums secured by this Security lnstrrament. 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 paragvapha 1 and 2 or change the amount of such payments.
<br />14L Ban evew Not Rdesm*. Forbearance By Leader Not a Waiver. Extension of the time for payment or
<br />modibcatioa of amortization of the sums secured by this Secuzky- Instrument granted by Lender to any successor in
<br />interest of Borrower shall not nperat-c to release the liability of &—n original Borrower or Borrower's successors in interest.
<br />Lender shall rust•, be required to cornm+mce proceedings agaiixsu any swcsssor in interest or refuse to extend ulna¢ for
<br />payment of oil wise modify amortizabl a of the sums secured ky this Security instrument by reason ofany demand made
<br />tz); Eire origftial.4orrowrer or Borrower's successors im km =W, A- -, . forbearance by lender in exercising any utiaht or remedy
<br />�►r�f rr�t be *,*river ofor pt eclude the exercise of aivp tf ta', c t dy.
<br />• ! and A'� Bossd; Joint shill Sefiet'a8 >:iiltillty; Co- slgrrero. The covenants and agrent r! „s of
<br />this x&uti<ty! lGpii.>~,emeni shall bind and bettefit the successors acs4 awgns of Lender and Borrower, subject to the pro ns
<br />of patagra*1;7: Borrower's covenants and agreements shall be jo`inmatrd several. Any Borrower who co -signs this Secrrniuity
<br />instrument 6&4 dos not execute the Note: (a) is co- signing this Secsrey Instrument only to mortgage, grant and ccrvey
<br />that Borrower's interest in the Property under the terms of this Security nstrument; ) is not
<br />y {b personally obligated to pay
<br />the suns secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extnA
<br />modify, forbsar or make any accomnx ds+ ans with regard to tlVc terms of this Security Instrument or the Note withmit
<br />that Borraxrtsr scxitise:nt.
<br />12. r 3�otta Cbwlea. If the kt+ate secured by this Secur, Instrument is subject to a law which sets maximum loan
<br />c'ir�r,Vts, wO that law is finally interpreted so than tic-. cnlwrst or other loan charges collected or to be collected in
<br />trnrtaysxs 0a with the loan exceed the permitted b%Oh, eiic*..s, 4,4 any such loan charge shall be reduced by the amount
<br />neciesawy ID Me duce the charge to the permitted user ;'.ard R %! airb ,.;.ums already collected from Borrower which ear. -mded
<br />petty:: icO 13 *js will be refunded to Borrower. Lender rider may cH.n'ca5•ro to make this refund by reducing the prindw, greed
<br />ups i.he :Vote or by making a direct payment co f3;:mower. if i rtibrid reduces principal. the reduction will be treated as a
<br />pania -Repayment without any prepayment cba- -gx :.;rider the Note.
<br />& Legislation Affecting Leader's Algifts. If enactment or expiation of applicable laws has the effect of
<br />renderivsW3 Vrovision of the Note or tl►ats Security instrument Muenforceable according t:5 t4s terms, Lender, at its c ivion,
<br />may req wre +.immediate payment in full iX.all Mums secured P�)- .0is Security Instrument and may invoke any r enwilies
<br />fret i!�tted lbf paragraph 19. If Lender exercises this ;•:'.Try. L�krJer shall take the steps specified in the second parwaph of
<br />t4letitig lei k-17. -
<br />K Notices. Any notice to Borrower proilir for in the i Security Instrument shall he given b) fw- 4vering i,aor by �
<br />mailing tt ft'. VA -1 class mail unless applicable taw c'equ:: n. w a cf another method. The notice shall be directeril raj the
<br />Property !i4li, drr% or any other address Borrower dew:;g :,t�«s.lw� ,+-once to Lender. Any notice to Lender shall be e4ii t by
<br />RrV C.'am mail to Lender's address stated herein orwiyc ,;her address Lender designates by notice to Borrower. Anynotice '-
<br />pn5vided for in this Security Instrument shall be ditiv o to have been given to Borrower or Lender when given as provided
<br />is phis paragraph.
<br />15. Govervisg 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 thit any provision or clause of tE-rs 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 the PropertY ate Besetiefai interest is Borrower. If all or any part of ilic Property or any
<br />interest in it is wld 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 sum%
<br />secured by this Security Instrument However, this option shalt not he exercised by Lender if exercise is prohibited by
<br />federal law asofthedateofthisSecurityInstrument.
<br />if Lender exercises this option, lender shall give Borrower notice of acceleration. Tlic notice shall provide a period '
<br />of not less than 30 days from the date the notice is delivered or mailed within which iiorrow•c %;:'1ust pay all sums secured by
<br />.h✓s Security Instrument, If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />i;triteedi %W.. mitted by this Security Instrument witho.a further notice or demand on Marower.
<br />iwrowlr'a Rk*1 to Relaardc If Borrower meets curtain e(inditions. Borrower shall have the sigh:: i:o ka,.c
<br />61forcenient G(IMsSecunty instrument discontinued at anytime prior to the earlier of. (a) 5 days Or such other pease,d as
<br />applicable law may specify for reinstatement) before !ale of the property pursuant to any power of stile contained in this
<br />Security Instrument, or (b) entry of a Sudgnient enforcing this Security Instrtment those conditions are that Borrower.
<br />(:s) pays Lender all sums which then would he clue under this Scuunty instrument and the %ere had ni, accdcratime
<br />occurred. (b) cures any default of any tither rovensnts or agreements. NO pays all c%mmc, incurred in enforcing thi%
<br />Security Instrument, enduding, tPat m,t limited to. reauinable attorneys' frig, and (d) takes such action a% Lender int ii,.
<br />remnabty teyuire t+, assure ilia., the hen of this Sn;urity Irmitiment. I cutter's rights in the Property and lhjrrower'%
<br />(A!aiiptitm to pay the "unit ttcutcd by 1111% Se.:unty histturncnt shrill continue unthangcai ( t+oii renistatcrncut hif
<br />Balrowet, thisSecUnty i11t11U111Ctlt and the ohligatgiits tmurcd hrtch< shall tenoatn fully cll'ccti;,c as if n +,,rctcicratr+•u h.it)
<br />+tiaurrcrd H1)weter. the-. rtghirutcl natatrehall nOdp; 1ly III thel llcetifaetC lCra'i +aiumferi,,iragrapfn,.14m 17
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