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<br />If Lender required mortgage insurance xs a condition of making the loan secured by this SecurityInstrumtuit,
<br />Borrower shall pay the premiums required to rhrtitttain the insuranee in effect until such time as -the requirtment:rftjIhe
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<br />insurance terminatesin accordance with Bo iewtes and Lender's viduenogreementor applicable law.
<br />Ittevetlott. _ Lender or its A"t nmy make -rem r- --Ld.= :ad- inVacf.= of the 0 may= 'b, . —
<br />s s l dive �orrorrrr notice at the time prior to inspection specifyin ;ressonabkptuse for the insp�ection,
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<br />Cott ennation. The proceeds of any award or claim for dii itit oct 6rconsequen n volt noctta►n_:
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<br />tiny condemnation. or other taking part of:the Property. or foroutlgac�, j� ofcondemttatiun, lit _
<br />ass_ igned and shall be paid to Lender.
<br />In the event of a total taking of the. Property. the proceeds shall be app lti liolirss aac :b' this Se ittri ` >'
<br />instrument. whether or not then due, with any exceu'paid to Borrower. In the event of 1a psirtiit 1 `df t1ie:Fri4p�,Zf+rs:.,; : ` ; , „ ,,
<br />unku 801raW-110d Lx,;,der otherwise agree in writing, the sums secured by this'Security instrument shali,be redit�'
<br />- the *mount of the proceeds multi ;
<br />pr plied by the farrowing fraction: (a) the total amount of tlk�sums secured immudititea�p'..::
<br />before the taking, divided by (b) the fair In"et value of the property immediately before thalsking. Any balartae
<br />pad to Borrower. - t::., � ,.•:: . f .
<br />If the Property is abandoned Borrower. or if. after notice b Lender to
<br />by y Dorn}?.:tkac cottdemnot�ers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender wit ." `'i"►g e14er the dateth+rttllice
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<br />" given. Lender is authorized to collect gigot apply the proceeds. at its option, eit hertorrestrir repair of the
<br />to thesusns secured by this Security Instrument, whether or not then due.
<br />Unksa lender and Bor rowerother wise agree in writing, tiny applicstioti of roar ilia principal shall not xxtend or
<br />postpone the due date of the monthly paynsents referred to in paragraphs i and 2 or Chi.: be amount of such t�pments.
<br />10. borrower Not Releaser; Fasboartaace Sy Leaver Not a Wilver. li:zteft""O'•.of the time for pa }lnettt or
<br />modiAmtioe of amortization of the sums secured by this Security Instrument grantiO41 13;ender to any gut cssor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or }ic±� successors in interest. !
<br />Lender shall not be required to commence proceedings against any successor in intereet- tit refuse to eaterd.,time for
<br />Payment orotherwise modify amortization of the sums secured by this Security Instrumeritbyiireason ofarr)r demilaid trade
<br />. by the original Borrower or Borrower's successor in interest. Any forbearance by Lender exercisingany risbivr remedy
<br />shall not ben waiver ofor preclude theexercise of any right or remedy.
<br />Ill. Sate I Is and Aaaig)rs Bored; ,folio and Several UsWHIy; (b•s4pCorL The covenants a►nd agreements 61T <
<br />. this Security Instrument shall bind and benefit the successors and asst aof Lender and Borrower, su
<br />gn- b3octtOtt►tprOYlsiaatt :.
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<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Bornmvr whoc"gr athit Security'
<br />. Instrument but does not execute the Note: (a) is cosigning this Security Instrument only tomrrrt rat avid ever
<br />that Borrower's interest in the Property under the come of this Security Instrument; (b) isot'd per1cxt111yrof >10ted to PAY' "
<br />the sums secured by this Security instrument; and (c) agrees that Lender and any other Bcerowwmay aVee to extend.
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<br />modify. forbear or make any accommodations with regard to the terms orthis Security Instruw* nt•or the Agee without
<br />that Borrower's consent.
<br />12. Loan C7urga. If the loan secured by this Security Instrument is subjet;t to a law which setts narximum 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 limits. then. (a) any such loam charge shal9 be reduced by the amount
<br />• necessary to reduce the charge to the permitted limit; and (b) any mans already collected f *,rove 110' xct-> ,Cr which exceeded
<br />permitted limits will he refarided to Borrower. Lender may choose to make thu refund by principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces the reduction brill be
<br />principal, treated as a
<br />Partial prepayment without any prepayment charge under the Note.
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<br />Leslaletioa ARtttlag hailer's MAW If enactment or expiration of applicable laws harts. the effect of
<br />' rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Lender". aC its option.,
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke amp remedies
<br />permitted by paragraph 19. N Lender exercises this Wlon, Lender shall take the steps specified in the second pas'4*jph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delive6ot its ur by
<br />. F mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed+ o) the
<br />- Property Address or any other address Borrower designates by notice to I.ctider. Any notice to Lender shall be given by.
<br />• first rhos mail to Lender's address stated herein or any other address Lender designates by notice to Burrower. Any notice
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<br />provide f fit in this Security instrument shall be deemed to have been given In Borrower or Lender when given as provided
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<br />i ir• r ins t''�= tiiraph.
<br />Governing Law; Severari8ty. This Security Instrument Shall be governed by federal law and the law dr the
<br />-jvt'r,�sdi,�6.,e in which the Property is located. In the event that any provision are clause of thin Security instrumea#; or c1'+,e
<br />tA61C conflicts with applicable law. such conflict shall not affect other provisions of this Security Instrument or the E oxk'
<br />which can be given effect without the conflicting provision. To this end the provisions of this security Instrument and
<br />NnA ie are declared to be severable.
<br />16. Borrower's Copy. iorrower shall be given one,conformcd copy t if the Note and of this Security last: urrot;t'.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If till of :riiy part ref the Property or artr
<br />interest in it is sold or transferred (or if a beneficial interest in 11(irrrrwer is sold or transferred scud Burrower is not a natumf
<br />Person) without Lender's prior written consent. Lender nmy. at its option. rcyuire mnmcdiale paymew in full of all sums,
<br />secured by this Security instrument_ However. this option shall not he exercrKd by Itindcr if exerctic is prohibited by
<br />federallawasofthe date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give furrower notice ofaccelerattun the notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed wil Ill rr Whit. h 1101 ruwer 111%1%1 pay all (-ums secured by
<br />this Security instrument. if Borrower fails to pay these sums prior it, the expirittion of tins licroH1, I.endcr.may ow. tike any
<br />! remedies permitted by this Security instrument without further notice ar denistrd tin 11orn iw'er
<br />la. Rn"nwer's>1'± t is Ate_•„ 1f "-srr�trc.Cr nrter5 c;efiain cnndrimns, Harrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time print a► the earlier of (a) S il.iys bar cue h nthcr tKrnHl a5
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<br />aw. klibk law only specify fair «instatement) before sale of the Property pursu:urt to any juts o of cats. c"nntcsuicd rn An
<br />L Security insirument, or (b) entry of a judgnunt enforcing tins Security lustrurnent I Irate cr oditwms are Mot Ill of rower:
<br />(a) pa)s Lender all sums which then would he due under thm Security Instrument aml the Nate had nrr acteleratpin
<br />occurred; Ib) cures any default of any othrr covenants or agreements, (ct pays 311 calreirscs ur,.unrrl en cnfori.1og thin
<br />Security instrument, including, but not limited to. reasonable attorneys fees, and Wt lake. sntlo nitimi. as 1 ender slay
<br />reasonably require to atsurc that the Iren of this Security Instrument. iender's right'. all the 11rrrlrc16 :aril Itnrro"Acd's
<br />obligation to pay the sums tecured t-,y the; Security lmtrunient shall continue tindt:iity"I I tune rcnrsr;rterr ens by
<br />fMrruwer. this Security insttunrent and the obligations secuted hereby shall renisin fully cfYc. rice its of had
<br />occurred ilowei er. this right Ito feinstate shallnot apply in lire case of aceeleratreuf under lcsr;iytiraphs t t r r 17
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