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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />porrttwer shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminate; in accordance with Borrower's and Lender's written agreement or applicable law.
<br />9. Inspection. 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, director 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.
<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 shalt 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 before the taking. Any balance shal l 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. Sorrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect :attd appfu the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Security: In, ngrm muttl whether or nvt, then due.
<br />Unless Lender and Boffower vftmiw Trte in writing. any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payrtw ua evened to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearram By Lender Not a WaNer. Extension of the time for payment or
<br />modification of amortization of Ow sums secured by this Sft-anty Instrsment granted by Lender to any successor in
<br />interest of Borrower shall not operar„ to release the liability ofthe original Borrower or Horrowers successors in intermit.
<br />Leader shall not be required to commence proceedings aga,.iz:t any successor in interest or refuse to extend time Car
<br />payment or otherwise modify amortization of thaw sums sec=.' by this Security Instrument by reason of any demand tr., 3L
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<br />by the original Borrower or Borrowers successms iu interest. Any forbearance by Lender in exercising any right or renwily
<br />shall not be a waiver of or preclude the exercises uf.,ty right or remedy.
<br />11. Successors and Assigns; Bound; Aoaat and Seventl Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument shalt bind tend benefit the succmers„and assigns of lender and Sommer. subject to the provisions
<br />of paragraph 17. Borrower's coaemwxs and k-cu tents sha[L N. joint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute :ire ;dote: (ta:) is, cu- signing this Security Instrument only to mortgage. grant and convey
<br />that Borrowers inremsa in the Property under r[ ; terms of this Security Instrument; (b) is not persQra21 i. ; obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower iraoy agree to extend.
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Sarrower's consent.
<br />12. Loan Charges. If the loan secured by this Surety Instrument is subject to a taw which -e% maximum Loan
<br />charges. and that law is finally interpreted so that the interest or other loan charges collected or rv'be collected in
<br />connection with the loan exceed the permitwd limits, then: (a) any such loan charge shall he ret anmi by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Bor%'w er which exceeded
<br />permitted limits will be refunded: ry Borrower. Lender may choose to make this refund hp reducing the principal owed
<br />under the Note or by making a die a payment to Borrower. If a refund reduces principal. _[ne reduction will be ireated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. 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 and may invoke any remedies
<br />perrnitr d by paragraph 19. If lender exercises this option, Linder shall take the steps specified in the second paragra hof
<br />parsgri:ph 17.
<br />14. Notices. Any notice to Borrower provide rbr ,:c. ;nis Security Instrument d'eal't be given by deliverirpz :t or by
<br />mailing it by fik Gass mail unless applicable �aiv 'r 4se of another method. The notice shAR IN.- directed to the
<br />Property Address or any other address Bom1w-e_ fires ipmate ,by notice to Lender. Any notice to be given by
<br />fast ,Gass mail to Lenders address stated herein gr.:ny: srizx address Lender designates by. notice to IT«zcZ -a °r. Any notice
<br />prc„Rid-W for in this Security Instrument shall rte deer e(i tr: tw,,c been given to Boffouer clr Lender when given as provided
<br />to dds paragraph.
<br />15. Goveriisa Law; Severability. TD.u,: Securrtp: Lr-s:rument shalt, be governed by federal law and the law of the
<br />jurisdiction in wltwh- the Property is located. Irt tba e%eri that any provision or clause of this Securiiy Instrument or the
<br />Note conflicts with applicable law, such confNzr sha'sl not 8.`1'ect other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflictiag provision, this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrowees Copy. Borrower shill rx given Cate conformed copy of the Note and of this Security Instrument.
<br />17. Transfer. of the Property or a, 11#xrt;lidal Interest in Borrower. If all or any part of tiit: Property or any
<br />interest in it is sold: or. transferred (or if a bcne- lioul•interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lenders prior written carvcflt. Lender may, at its option, require immediate payment in full of all sums
<br />- ,murr.d by this Security instrument However. this option shall not be exercised by Eeiider if exercise is prohibited by
<br />recur al law as of the date of this&,,- -urity Instrument.
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration. 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 bye
<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 />18. Borrower's Right to Reinstate. if Borrower meets certain condition. 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 othet period as
<br />applicable lax 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 he due under this Security Instrument and the Now had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements: (c) pays all e,%pcnses incurred in enforcing this
<br />Security Instrument, including, but not limited to. reasonable attorneys fees. and (d) takes such action as Lender may
<br />reasonably require to assure that the lien of this Security instrument.. Lenders rights in the Property and Borrower's
<br />obligation to pay the sums secured by this Security Instrument shrill continue unchanged Upon reinstatement by
<br />Borrower, this Security Instrument and the obligations secured hereby shall remain fuih effective as if no acceleration had
<br />occurred. Howeser, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17
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