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<br />If Lender required mortgage insurance as a condition of making the loan seemed by this Security Instrument.
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such limr as the requirement for the
<br />insurance terminates 1,4 accordance with Dortowcf's and Lender's written agreement or applicable law.
<br />a. inspection. Lender or its agent May make reasonable entries upon and inspections- of the Property. Lender
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<br />shall give Borrower notice at the time Of or Prior to an inspection specifying reasonable cause for ihc inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct o r consequential. in connection with
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<br />any condemnation or other taking of any pan of the Property, or for conveyance in lieu of condemnation. ate hereby
<br />assigned and shall be paid to Lender.
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<br />In the event of a total taking of the Property, the proceeds shall be applied to the s ums secured by thi 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 (h) the fair market value of the Property immediately 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 to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument. whether or not then due.
<br />Unless Leader and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released. Forbearance Sy Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums svund by this Security Imtriinient granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original:' Boii-nucr or Sorrower*s successors in interest.
<br />Lender shall not be required to commence proceedings against any succet,,so• in interest-. or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security lusi-7ument by reason of any demand made
<br />by the o0grial 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, Joint and Several 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 make any accommodations with regard to the terms of this Security instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security. Enstrumem 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.,oallected or to be collected in
<br />connection with the loan exceed the permitted 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 />parriat Crepayment without any prepayment charge under the Note.
<br />113. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />reade=bgany provision of the Note Or this Security Instrument unenforceable according to its terms, Lender, at its option,
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<br />=41 acquire immediate payment in full of all sums secured by this Security Instrument and may. invok e any remedies
<br />peomptried by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />rtaraLw4pti 17.
<br />M. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />rrt,dCkzz a by first class mail unless applicable law requires ws,- of another method. I-he notice shall be directed to the
<br />Ptcpet y Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first cE&,s mail to Leader's address stated herein nT othera2dr-mi Le.ider designates by notice to Borrower. Any notice
<br />provi(S)a1l,for in this S=arity Instrument shall to Borrower or Lender when given as provided
<br />in gll.n [Mn--Ataoh.
<br />115. Goveroarig Law. Severability. ThLsSecuritv itt-stmment shall t?e gatemedra% federal law and the law ofahe
<br />juns&.nion in whib i;.Iie Property is located. ra. ri%.,-.et-enz thav any "J'L, utib Smukiu. lailivalcil; in,
<br />Note conflicts with applicable law, such conflicr h;r - not affect other this 1-45r :urity Instrilment or the time
<br />wlticE can be given effect without the conflictiog pn3vision. To this end the r7ovi5ioa ci-176 Instrument and the
<br />Note am declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given onez:-vj:crmed copy of the Notv,mti, Of this Security Instruinimr.
<br />17. Transfer of the Property or a Beneficial Interest ft Borrowee. if all or;irm part of the Property or any
<br />interest in it is sold or transferred (or if beneficial interest i,i,&)rrower transferred and Borrower is not a natural
<br />person) without Lender's prior written consent, -'a IN option, rz.quirc immediate payment in full of all sums
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<br />secured. by this Security Instrument. However. itu.i. i•ll nut be rvn -iscd by Lender if exercise is prohibited by,
<br />federal law as ofthe date ofthis Security Instrument.
<br />rfL,-ndcr exercises this. option. Lender Qidl gmelilornrxer notice of acceleration. Ebe notice shall provide reniid
<br />of not less than 30 days from the date the notice iiAe-M,6 ered or mailed within which Borrmv.ermust pay all sums secured-by.
<br />this Security Instrument. If Borrower fails topay these sums prior to the expiration of this reriod. Len& may imoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Porrowei•.
<br />19. Borrower's Right to Reinstate. if Borrower meets certain conditions. BoriowLr shall have the right to have
<br />enforcement of this See u ri t y instrument discontinued at any time prio r to the earlier 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 M 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 cK -cing this
<br />Security Instrument. including, but not limited to. reasonable attorneys fees. and (d) takes such action as Lender may
<br />reasonably require in assure that the lien of this Security Instrument. Lender's rights in the Property and Borrower*s
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by
<br />Borrower. this Security Instrument and the obligations secured hereby shall remain fully effectne as dno acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraph-, 13 or 17
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