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If Lender required mortgage insutartce as a condition of making the loan secured by this Security Instrume -99,
<br />Borrower shall Fay the premiums required to maintain the insurance in tTect untirsuch time as the requiremettr<fer- the.. .. _
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />8. 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 loan inspection specifying reasonable cause for the inspecti+m.
<br />9. Coadernnation. 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 P3+aperty.
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security instrument shall be reducedby
<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 />laid to Borrower.
<br />If the Property is abandoned by IIcnower, or if. after notice by Lender to Burrower that the condemnor otters to
<br />make an award or settle a claim for dt Tages, Borrower fails to respond to Lender within 30 days after the date the ttotire is
<br />given, Lender is authorized to collect'nAtfuppty the proceeds, at its option, either to.resterutfnir or repair of the Property or
<br />to titesumssecured by this Seatrity Instrument. whether or not then due.
<br />Unless Lender and S urrra-iver otherwise agree in writing, any application efprgeceds to principal sb oimot extend or
<br />pestine the due date of thin ni'mthly payments referred to in paragraphs 1 and. Z or change the amount, ersuch payments.
<br />10. Oord► wer Not Released'IFat=ilten'anee By Leader Not -a Wstivcr;.;:; Emensiatr of the time for payment or
<br />modification of amortization of the sdtid: secured by this Security insfrumen' t•g"nted,by Lender to any successor in
<br />interest of Borrtxtt'rO' shall not operate to release the liability of the origirrat Bur m' wtr or Surrawer s successors in interest.
<br />Lender shall not be required to commence proceedings against any suect-ssar in tnten:st or Mouse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Secursty'Instrument. by reason.ofany demand made
<br />by the original Wi t ower or Borrower`s successors in interest. Any-fas ttearance by Lender in.exancising any right or remedy
<br />shall not be a wicrarrr of or preclude the elegise of any right or mpmeaay:
<br />H. Suemmors and Assigns Bound; Joint and SeveraMis A11tr Ca- signers.. The covenants and agreemelts>s of
<br />thfsSecurity instrument shall bind and benefit the sure wrc and imsigos of Leauler and Borrower, subject tee" the provisions
<br />otpivt agraph 17. Borrower :9 covenants and agreements rttall be joirt6ind-sevctr 11, Any Borrower who co- :4gris this Security
<br />ltt t inent but does not execrate the Note: (a) is co- signing this Si=rity Instrument only to mortgage, grant and co-ivey
<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 tray agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms;'nf this *verity Instrument ar. the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. ' il`the loan secured by this Security Instrument is subject to a law which sets 4naximum loan
<br />charges, and th =tL, law iS finally interprvoi so that the interest cr.other loan charges 4�;Jbwted or to be collecr:(� in
<br />connection witi). the loan exceed the permitted limits, then: (a) any su,.U.dnan charge dill :be reduced by the aau:sar *.
<br />necessary to reduce the charge to the permitted limit; and Many �wn�; sJrl :trit.a:ollected from Borrower') wibich exceeded
<br />permitted limits will be refunded to Borrower. Lender may choosej!o iztkkv:earth.ri."fInd by reducing thly.principal,owed
<br />under the Note or by making a direct payment to Bbrrower. If a refund reduce'" p6icipal, the,reduction %ihl be trued is 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 Ins,tcument unenforceable according to its,terms. Lender, at its, option,
<br />may require immediate payment in full of all sums secured by ths% Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. if Lender exercises this option. Lender shalt take the steps specihe-d in the second paragraph of
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<br />paragraph 17.
<br />14. Ngtices. Any notice to Bcynmer provided for if) thtk eeu.urity instrument shall lie given by deliveringhitOr• by
<br />mailing it by fling: class mail unless applicable law requires use of another method. The notice shall he directed to the
<br />Property Addrins or any other address, Borrower designates by notice to Lender. Any notice to Lender sh;:ll be given by
<br />first class madttr. Lenders address stated herein or ally 015er addre <s Lender designates by notice to Borrower. Any notice
<br />provided for injthis Security Instrument shall be deemed, to hasc be;it given to Borrower or Lender when given as provided
<br />in this paragraphs
<br />13. Governing Lam Severability. This Security instrument shall he governed by federal law and the law of the
<br />jurisdiction in which the Property is Owed. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with appltcabe;• law, such conflict shall not affect other provisions of this, Security Instrument or the Note
<br />which can he giver effect without the conflicting provision. To this end the hrovistons of thin Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be givers one conformed copy of the Ideate and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial'. nterest in Borrower. If all or any part of the Property orally
<br />interest in it is sold or transferred (or if a beneftciatirfiarest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent. Linder may, at its option, require immediate payment in full of all sums,
<br />secured by this Security Instrument. However, this option shall not he exeicised 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 iesst.han 3Od2ys from the date the rolwe is delivered or matted within which itorrov, er must pay all sums secured by
<br />this Security Instrument. If Borrower fails'tu pay these sum. prior to the exr,rattmn of this period. 1 :•nder ittay Invoke an"
<br />remedies. permitted ay thic5ecuray instrutst•ent without further rieihcei or dentand on florrower
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<br />18. Borrowers Right to Reinstate. If Borrawer meets certaitt condrhtms. Horrowcr shalt havc the right it: hasc
<br />enforcement of this Security Instrument discontinued at any time prior to cite either of €a) S days (or such other pertod s, ,
<br />aFpticablc law may specify for rciustawment) before sate of the Property pursuant it, any power of,ale contacted in the'.
<br />Secure.. Instrument, or (b) entry of a judgment enforcing this Security Instrument Those conditions are That liotrower
<br />(a) r=eyc L.er ;dot all stems which then would lie due under tla; S- unt,. lnstrtjnocnt and tier tithe had net ace.eieraron
<br />oct;uircd. (b) curers any default of any muter covenant~ or :igreentem -. tot t =ays alt ce{ cm,_s :n,urrett nr e11forcctlV tilt%
<br />Security 1mrifuttient. iticludoig, but tort limited ter, reasonable attorncy f =_'c;, and 1.1t 111316
<br />Pr,
<br />fCJSf!!ia lily CC(IU[te tt7 aiillrc that the hen of this Security ins ±r�tr irr =t, 1 CVd1•f s ftglit•. fn thi• pry -Crfv arld lt.•r':=lvtr -`
<br />s
<br />r
<br />obligati :m To pay the sumo s:c:ured by this Smunty instrumertt sha!i c<<nttntae ttlu•haf►pect t` {'= =,t ►e';tstatcrtcr•r h:
<br />If')trt.Kaf• tltl��C :ulEty If:S_fument acid the obl igat ifin4 f._i. erred h:'tirb Sitall nr S: _Avt,w ti ha.!
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<br />ctecurts:d lirsucaet, this" tight to reinstate shall nut appl,- in thecae f•f a :.cciesat =t ri nr.';er parap,lpli =. ;I .'t I'.
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