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If Lender required mortgage insurance as 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 />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />S. Inspection. Leader 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.
<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 shall be reduced by
<br />the amotint 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 immediateiy before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender ito Borrower that the condemnor offers, to
<br />make an award or settle a claim for damages. Borrower fails to respond: to Lender within 3() days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its 0001, either to restoration or repair of the Property or.
<br />to the sums secured by this Security Inserutttent, whether or not then due.
<br />Unless Lender anal: Borrower otherwise agree i x writing, any application. o f proceeds to principal shalt not extend or
<br />postpone the due date of Of.- taonthT.y psa mints rexerced to in paragraphs 1 and: Zcxr change the amount of such payments.
<br />IU Borrower Nei Released; lRoTbearaaee By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the suns secured by this Security Instrument granted by Lender to any successor in
<br />interest oft Borrower shall not operate to release the liability of the kWinal Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedii7gs against ary successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the cii;ixrs secured by this Security instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in niterest. 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; Joint and Several Liability; Co- sligaers. The covenants and agreements of
<br />this Security Instrument $hall bind and benefit the successors and assigns of Lender and Borruwer, subject to the provisions
<br />of paragraph 17. Borrowers covenants and agreements shall be joint and severd, Any Borriawer who co-signs this Security
<br />Instrument but does tiot: Vleeute the Note: (a) is ctasi,ening this Security Instnt.tnrtxt only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the tems r of this Security Instrument; (b) is not personally obligated to pay
<br />the sums sawared by this Security Instrument: aud. (cr agrees that Lender and any other Borrower may agree to extend,
<br />modify. Cari7wr or make any accommodations with regard to the terns of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12, Loan Charges. If the loan secured by lilis. 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 />connection with the loan exceed the permitted emits, then: (a) any suelt loa, -rs 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. LegislatNit Mecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering may prov*,M dine Note or this Security: Instrument unenforceable according to its terms. lender. at its option.
<br />may r itim. i>t1.rCNa %ice Tv men? uv W of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted:17y {racagrsria. f; ri If Lea-Jer exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraoi IT.
<br />14. :Notices. /Any notice to Borrowe7 provided for in this Security Instrument shall be given by -delivering it or by
<br />mailing it by first class mail unless appiicalsie law requires use of another method. The notice shall be-directed to the
<br />Property Address or arty other addt"cs& Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this S4&m.rity Instrument shall bed tmed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governfag; L' aw; 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 4�oaftts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which r:atz" be given effect without the conflicting provision. To this end the previsions of this Security Instrument and the
<br />Note arecfeclared tu1ie severable.
<br />pe of the Note and of this Security Instrument.
<br />1d.. &rrinvtd)i; Copy. Borrower shall be given one conformed co
<br />LT.. TMtsfer of the Property or a Beneficial Interest in Borrower. if all or any part of the Property or any
<br />interest in iv 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 Borrouer notice of acceleration. The notice shall provide a period
<br />of not less than 30 days from the date the notice ii delivered or mailed a,thin which Borrower must pay all sums securediby
<br />this Security Instrument. if Borrower fails to pay these sums r%nor to the expiration of this penod. Lender may invoke"any "
<br />remedies permitted by this Security Instrument uithoat further notice or demand on Borrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions. Borrower Shall have the tight to have
<br />enforcement of this Security instrument discontinued at any time prior to the earlier of ta) t 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 whwh then would he due under this Security instrument and, the Note had no acceleration
<br />occurred: (b) cures any default of any other covenants or agreements: (c) pay% all expenses incurred in enforcing this
<br />Security Instrument. including. but not limited to. reasonable attorneys' fees: and (d) takes %uch action as Lender may
<br />reasonably require to assure that the lien of this Security Instrument. Lender's right% in the Property and Borrower's
<br />obligation to pay the bums secured by this Security Instrument %hall continue unchanged. Upon reinstatement by
<br />Borrower, this Security instrument and the obligations secured hereby %hall remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the ca%c of acceleration under paragraphs 13 or 17.
<br />33 "'
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<br />If Lender required mortgage insurance as 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 />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />S. Inspection. Leader 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.
<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 shall be reduced by
<br />the amotint 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 immediateiy before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender ito Borrower that the condemnor offers, to
<br />make an award or settle a claim for damages. Borrower fails to respond: to Lender within 3() days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its 0001, either to restoration or repair of the Property or.
<br />to the sums secured by this Security Inserutttent, whether or not then due.
<br />Unless Lender anal: Borrower otherwise agree i x writing, any application. o f proceeds to principal shalt not extend or
<br />postpone the due date of Of.- taonthT.y psa mints rexerced to in paragraphs 1 and: Zcxr change the amount of such payments.
<br />IU Borrower Nei Released; lRoTbearaaee By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the suns secured by this Security Instrument granted by Lender to any successor in
<br />interest oft Borrower shall not operate to release the liability of the kWinal Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedii7gs against ary successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the cii;ixrs secured by this Security instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in niterest. 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; Joint and Several Liability; Co- sligaers. The covenants and agreements of
<br />this Security Instrument $hall bind and benefit the successors and assigns of Lender and Borruwer, subject to the provisions
<br />of paragraph 17. Borrowers covenants and agreements shall be joint and severd, Any Borriawer who co-signs this Security
<br />Instrument but does tiot: Vleeute the Note: (a) is ctasi,ening this Security Instnt.tnrtxt only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the tems r of this Security Instrument; (b) is not personally obligated to pay
<br />the sums sawared by this Security Instrument: aud. (cr agrees that Lender and any other Borrower may agree to extend,
<br />modify. Cari7wr or make any accommodations with regard to the terns of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12, Loan Charges. If the loan secured by lilis. 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 />connection with the loan exceed the permitted emits, then: (a) any suelt loa, -rs 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. LegislatNit Mecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering may prov*,M dine Note or this Security: Instrument unenforceable according to its terms. lender. at its option.
<br />may r itim. i>t1.rCNa %ice Tv men? uv W of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted:17y {racagrsria. f; ri If Lea-Jer exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraoi IT.
<br />14. :Notices. /Any notice to Borrowe7 provided for in this Security Instrument shall be given by -delivering it or by
<br />mailing it by first class mail unless appiicalsie law requires use of another method. The notice shall be-directed to the
<br />Property Address or arty other addt"cs& Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this S4&m.rity Instrument shall bed tmed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governfag; L' aw; 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 4�oaftts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which r:atz" be given effect without the conflicting provision. To this end the previsions of this Security Instrument and the
<br />Note arecfeclared tu1ie severable.
<br />pe of the Note and of this Security Instrument.
<br />1d.. &rrinvtd)i; Copy. Borrower shall be given one conformed co
<br />LT.. TMtsfer of the Property or a Beneficial Interest in Borrower. if all or any part of the Property or any
<br />interest in iv 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 Borrouer notice of acceleration. The notice shall provide a period
<br />of not less than 30 days from the date the notice ii delivered or mailed a,thin which Borrower must pay all sums securediby
<br />this Security Instrument. if Borrower fails to pay these sums r%nor to the expiration of this penod. Lender may invoke"any "
<br />remedies permitted by this Security Instrument uithoat further notice or demand on Borrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions. Borrower Shall have the tight to have
<br />enforcement of this Security instrument discontinued at any time prior to the earlier of ta) t 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 whwh then would he due under this Security instrument and, the Note had no acceleration
<br />occurred: (b) cures any default of any other covenants or agreements: (c) pay% all expenses incurred in enforcing this
<br />Security Instrument. including. but not limited to. reasonable attorneys' fees: and (d) takes %uch action as Lender may
<br />reasonably require to assure that the lien of this Security Instrument. Lender's right% in the Property and Borrower's
<br />obligation to pay the bums secured by this Security Instrument %hall continue unchanged. Upon reinstatement by
<br />Borrower, this Security instrument and the obligations secured hereby %hall remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the ca%c of acceleration under paragraphs 13 or 17.
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