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<br />If Lender required mortgage insurance as a condition of making the loan secured by altis Sewity Instrument.
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such tame as the rcquirement for the
<br />insurance terminates in accordance with Herrower s and Lenders written agreement or applicable law,
<br />a. lagwdion. Lender or its agent may make reasonable entries upon and inspections. of tie fr,- cprrty. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for Cite inspection.
<br />9. CoMemastfon. 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 conveyame 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 swum- by this Security
<br />Instrument, whether or not that due. with any excess patd to Borrower. In the event of a partial taking c the'Property,
<br />unless Bomiwer and Lender otherwise agree in ve nting, the sums secured by this Security Instrument shall bt reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sirmst Wured immediately
<br />before the taking. divided by (b) the fair market value of the Property immediately before Ole tatting: Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower t' at:. the condemnor offers to
<br />make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days af!I:r the date the notice is
<br />given. Lender is authanr.c t to collect and apply the proceeds. at its option, either to restoration er stir of the Property or
<br />to the suns secured by this Security Instrument, w Nether or not then due.
<br />Unkss Lender and Borrower otherwise agree in writing. any application of rroceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower !Wit Released: Forbearance By Lender Not a Winer. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security IwArutrzent granted by Uadai: to any successor in
<br />interest of Borrawr shalt not operate to release the liability of the original Borrower or Bormwe:r.'s sun :eessors in interest.
<br />Lender shall not be required to commence prxeedings against any successor in. interest or,refise to extend time for
<br />payment or otherwise modify amortization of the arms secured by this Security: inert ;. ument by real =rt of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Leridur iii wWcising any right or remedy
<br />shall not be a waiver ofoc preclude the exerciscefany right or remedy
<br />11. rsticcessors ttttf9 Assigns Btti; Jetittt air4 .`rental Lutbf[it y; ('i- siQters. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns; of Lender and Borrower, subject to the provisions
<br />of paragraph IT Borrower's :ovenancs and agreements shrr'L be joinr and several. Any Borrower who co-signs this Security
<br />Instrument but does not execute IJ :er tierce (a) is cosigning 1 her Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of tbir Siceurity- twitrument. tb) is not personally obligated to pay
<br />the sums secured by this Security Instrument,. and (c) agrees "that fender and any other Borrower may agree to extend.
<br />modify, forbear or make any aceommodancits with regard to the term-: of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. lAsin Charges. if the lean secured by this: Secuj 'tits Inf•.trument m subject to a law which sets maximum loan
<br />charges. and that law is finally interpreted sit that the ttite'rest or other loan charges collected or to be collected in
<br />connection with the loan exceed the per:nirred Innis, then: (a) any such plan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit: and (b) any sums arirrAdy collected from Borrower which exceeded
<br />permitted limits will be refunded to I?airrower (..ender truty ch(x)ce to make this refund by reducing the principal owed
<br />under the Note or by making a direct Isayment to 1orrower. Ili it refund reduce% principal. the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Nate.
<br />13. i,egislatiam Affecting Lender's RiSlits. If enact :•neat 117 n!v.piratton of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrumeri! c tenfrtcltu ;tile according to its termss, Lender, at its option.
<br />may require immediate payment in fall of ah, sums secured fv,• thts SA: ::city Instrument an,' mu) invoke any remedies
<br />permuted t�- paragraph 19, If Lender exercises this option, L <wAle,- shall tai c in the second paragraph of
<br />paragraph t%.
<br />14. Notices. Any notice to Crorruwer provided for in this Siecurity t'nstruruent shall he given by delivering it or by
<br />mailing it by first cia.f•s mad unless applicable law requires use of anetkc -r methltd 'I he notice shalt be directed to the
<br />Property Address or any other address Horroweer designates by notice to lender. Any notice to Lender shall he given by
<br />first class mail to tender's address stated herein or any t aher address Lender designa,e, by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Horrow :, ter Lender when given as provided
<br />is this paragraph.
<br />15. Governing lAw: Severability. This Security Instrument tih.dl be governed by fedccial 4% and the law of the
<br />Jurisdiction in which One Property n located In the event that any or clause of thts Se unva Instrument or the
<br />Note corifficts with applicable law. su;h conflict shalt not affect other provisions of this Security instrument or the Note
<br />which can be giveneffect without the conflicting provision TO this end the provisions.rSthis Security Instrument and the
<br />Note are declared to M: acts erable.
<br />16. Borrower'4 f opy. Bkirrower shall be given or,«.,.t. ;e r^ gtj ariay of the tit-::• and of thin Security instrument.
<br />17. Transfer ftf the Property or a Beneficial Interest, ire Hoemwer.. if all,-,r any par: •iii the Property or any
<br />interest Ind is%old er transferred for if a beneficial interest in ik owcr; st;td or trunat'Qrred and Borrower is not a natural
<br />person) without Lenders prior written consent. Lender ntap. : Lt. it% arise ; a. tc(4ulrr i!)"miedmate payrimt in full of all sums
<br />secured by this Security Instrument Iloviceser. 11115 opt10m stall nett hX 4hverctsed sty V,,aider if c-xeiciw tR prohibited by
<br />federal law as of Rhe <fMe of this Security Instrument.
<br />If Lender exc�t,r es this optuln. Lender shall give llorrow er notice of acceleration The notice shall provide a period
<br />M6 not less ihin ?1? days from the date time notice is delivered or mauled within which Borrower must pay all stnns secured by
<br />►his sccur3!3. er.5t.- Tsment. If Horrower fails to ray thew sums prior to the expiration of this period. Lcnder rTlay invoke arty
<br />remedies r?mmrzrautr :¢tf by thisSetunty Instrument without further notice or slentarid on Borrower.
<br />I>s_ Hntxirtp :fit :8i;ltt to lteinat.4e, ti' lt�,rrrnce£ meets t�staui •_Pn- o+ttr�ns. [3�+rr� +w shall have tote right ttr Marie
<br />enfirrecment of th ;a vt1► ant} Instrument discontinued at any time prior t(, the earlier of (a) 5 days for such other lxrit,d as
<br />applii'ahle law niay stvcify for reinstatement) before sale of the Prt,perty pursuant to any power of sale 1.4 ntained inn this
<br />security 111ofunteW e•r Of entry of a Iutignient enfori trig thms Security Instrument 'I hose condemns are that Hutto++ct.
<br />(a) Itays I.eatlrt all sum. which uteri would tie due under This 5ecurit) instrument and the !dote hall no accelcranim
<br />!Ocwfrcif: fit) cures any default of arsy other !vvcnaiits ear agreements. (c) pays al) etrenses nSCurretl m cnt.rrcim: this
<br />SC.urtty Ingtrulnent. 1"clursilmg. but tint lirrured tri, reasonable attorneys fees and (dr takes such action as I ender may
<br />fea m'I ly reyutre tit assure that 111c lien of tlu,; Security Iristrurricnt. 1 ender'% nph!•i m the Piigicrtt .111:1 hr rtrnvrr's
<br />-v iii pJV the 4UML. WCUFM fly thtti SCLurmtc {rinrument shAl o.tfrrtim, n :lhKilltttit Uralri Ik*111-0 - 1f :_1110117 h:
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