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If Lender required mortgage insurance u 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 />insumnce terminates in accordance with Borrower's and Lender'& written agreement or applicable law.
<br />t. inspectdou. 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. Condemnation. 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 />assigned and shall be paid to Lender. f•
<br />L red b this Security ,
<br />In the event of a total taking of the Property. the proceeds shall be applied to t e sums tree y
<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 stuns 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 ru Borrower.
<br />If the Property is abodarted by IIormwe .., or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle & claim for damages, Borrower falls to respond to Lender withi n 30 days after the date die notice is
<br />give> r, Lender isaurltortxedto collect & txdaplslyrlieRrcxecd% atitsofrtion, eitltert. orest. or .&tiotr.occepair.ofrhrPmpertyar
<br />to the sums swuredbytNsSmaitylitstrutneni . whether or not then due.
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<br />isnless Lender and Borrower othe wi m -wad in writing, any application ofproceeds to principal shall: ice extend or
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<br />postpone the due date of the monft pal-ments retread to in paragraphs 1 and 2 or change the amount of sa& payments.,,
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<br />10. awrower Not Rekamed,; iFeAlataxtt a By Leander Not a Waiver. Extension of the time For payment or
<br />modifmcatdort of mortsration of the smms sesumd by this Security Instrument granted, by f,4nder to any succor in
<br />interest arElsormawar stxall not operate toralease the lia'biLty of ft original Borrower or Bari mwer'S successors in Interest-
<br />Lender shall not be required to commence proeeetdings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the swats secured by this Security Instrument by reason of any demand made
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<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. Successors and Assigns Bound; Joist and SeTOW Liability; Co-signers. 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 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 sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or snake a,y accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Botrowees consent.
<br />12. Lou Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />a:t.*, tie i ^ca- tc� th_ ;,_**r!itt.�} limits; then (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (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 payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Imukes Right. if enactment or expiration of applicable laws has the effect of
<br />rendering any provision 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 anti may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
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<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mad kig•nt by first class mail unless applicable law requires use of another method. The notice shall be directed W the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notioe to Lender shall be given by
<br />first ciess mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided Tor in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in thisparagraph.
<br />M. CVendag 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 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. Transfer of the Property Ora Beneficial interest in Borrower. if all or any part of the Propeny or any
<br />in it is transferred for if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />interest sold or
<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 aceeleration. The notice shall provide a period
<br />of not less 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 permittedby this Security Instrument without further notice or demand on Borrower.
<br />13. 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 earlibr 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 of sale 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 enfforctag this
<br />Security Instrument, including, but not limited to, reasonable attorney- fees; and (d) sakes such acnon as Lender may
<br />reasombly require to assure that the lien•. of this Security Instrument, Lender's rights i;n the. Proms} and ISoro�v' -
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged. Z.;oti re :nstar� �te2c i7y"
<br />Borrower, this Security Instrument and the obligations secured hereby sha),' re-sain fWDv ef=dve as 'f Wu a retc ri J
<br />occurred. However, this right to reinstate shall not apply in the case o•.°acCef wars. :d'und:r pzr,Mirz*' b ?'x 17.
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