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<br />If Lender required .mortgage insurance as a condition of making the loan secured by this Security lnstrumeqr.:
<br />Borrower shall pay the premiums tequired to maintain the insurance in effect until such time as the requiremeint fer-the
<br />insurance terminates in accordance sivith Borrower's and Lender's written agreement or applicable law.
<br />& - inspection.- - Lender or its agent thity make reasonable entries upon and iiiisomtionsof the x"roperty-Leadi-,.-
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Comkinnittlon. The proceeds of any award orclaim for damages, director consequential, in connectiOn,widit". 1
<br />any condemnation or other taking of any'part of the Property. or for conveyance in lieu of condemnation, are fifitiab"'
<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 t,w 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 marke- value of thaProperty immediately before the taking.-Any balance shall
<br />Md to B�=wer.
<br />perry is abando..� by Borrower, or if, alie notice by Lender to Borrower that the condazrai# offers
<br />-Ica claim for damages, Borrower fails to respond to Lender within 30 days after the da�-iT,he noticl`� -..
<br />given, Lender is aut'- pt'ied to collect and apply - the proceeds, at its opti, mt, either to restoration or repair of the Property m
<br />to the sums secured by this Security Instrumew :: whether or not then due.
<br />Unless Lender and BoTro7o-er otherwisq ce in writing, any application of proceeds to p=.-'Ipal shall not extend or
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<br />postpone the due date of the mombly payments referred effed to in paragraphs I and .'Z w.;,eaange the amount of such payments.
<br />10. Borrower Not Released, Fbrbes% ax By Lender Not a Waive•.:. Maension ette time for payment or
<br />modification of amortization of the sums segued by this Security Instrumeni granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower Or BorrOWeeSSUccessors in interest.
<br />Lender shall not be required to commence proceedings against any successor ire interest or refuse to extend time for
<br />paymew.car4b1herwise modify amortization of the sums sevu=d by this Security Instmiment by reason of any d=and made
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<br />by the =W'rA Borrower or Borrower's successors in intemit. Any forbearance by Lender in exercising any right or remedy
<br />shall not' oar preclude the exercise of any right or remedy.
<br />11. Sweesgim and Assigns Bound-, Jdict and Several LisbMy-, Co-signers. The covenants and agreements dF
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provision
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<br />a
<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 I.es iix and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the term .of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />IL. Loan Charges. If the loan secured by this Seca. nty Instrtr-er,1 'is &Ltecl to a law which sets maximum loan
<br />charges; and that 12w is finally interpreted so that the interest or crirsar loan charges collected or to be collected in.
<br />connection with fi-an exceed the permitted limits, then: (a) any loan charge shall b.- reduced by the amours:
<br />necessary to rzdw:4 tb. charge to the permitted limit; and (b) any sums already cc!!ected from Borrower which exceeded
<br />permitted limits will We refundcd,.b,) Borrower. Lender may choose to make this mgnd by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces pri-,,,� Ilal, the reduction will be treated as a
<br />partial prepaymert without any prepayment charge under the Note.
<br />M LegirdAtfAm Mating Lender's Rights. If enactment or ' expiration of laws has the effect of
<br />rendering any proiVision of the Note or this Security Instrument uncitfon;aAble according tc-ft i:'inunns. Lender, at its option,
<br />may ra�;vjfre immediate payment in full of all sums secured by this S_- aunty Instrument and may invoke any remedies
<br />permiv,.tul by paragraph 19. If Lender exercises this option, Lender shaE cake the steps specified in the second paragraph of
<br />paraRrar-1, 17.
<br />M.' Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it orb
<br />maning, it by first cl;�s mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Propert-• Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first clae.s'nial to Lender's address stated herein or any other address Lender designate-, by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to leave been given to Borrower or Lender when given as provided
<br />in this paragraph. -
<br />15. Govern&g Law; Severability. They Security instrurrali..iliall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any pros; icn or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not is Feet 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 c.(-_-onfbrmcd copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or* Beneficial Interest in Borrower. If all orany part of the Property or any
<br />interest in it is sold 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 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 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 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 permitted by this Security Instrument without further notice or demand on Borrower.
<br />18. 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 earlier of. (a) 5 days (or such other period as
<br />applicable law ma s pee if y for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument-, or (h) 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. (h) cures any default of any other cotenarim or agreements; (c) pays all expenw% incurred in enforcing this
<br />Security Instrument. including, but not litnited to. reasonable attorneys' fees. and W takes such action as render Ilia V
<br />reasonably require to assure that the licit of this Security fir-trumeni, Lender's rights in lite Ilropetly and Notrowet 1.
<br />obligalton to pay the suriv. %ccuted by film secutity In%truillent %hall contillim, litichall!!ed Upon real"tatellicill, by
<br />Man 1% cf. this Security ltl%t ruillent and the obligations Secured fierehy shall teniam filly effect i veas. if n(vaccOvi it is ist - had
<br />occ tttrcd I f n% c,. er. i hisi tight to reinsitate shal I not apply it) t he ca;.c of acceleration under P'It.11traP11% 114 � r 17
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