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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. 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 specify ing 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, me 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 amount of the proceeds multiplied by the following traction: (a) the total amount of the suius we%urcd immediately
<br />before the taking, divided by (b) 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 fat s. to respond to Lender within 30 days after the date the notice is
<br />given. Lender is authorized to collect and apply the proceW- & at its opt icon, either to restoration or repair of the 1 rop4ny or
<br />to the sums secured by this Security Instrument. whether,, *r, ivat then du.e.
<br />Unless Lender and. 5,j"wer other•wuwe:Zree it;. x+rtl:ing, any application of proceeds to principal shall not. extend or
<br />postpone the due date of the i> o r, .thly payment -% i'eferrc%j: twy in paragraphs 1 and 2 or change the amount of such nttvrrtents.
<br />10. Borrower Not Rehimed4; Ferbeamnce By Lender Not a Waiver. Extension of the time for ps,ey1m.nt or
<br />modification of amortization OF the sums secured by this Security Instrument granted by Lender to any ,tins >-ot in
<br />interest of Borrower shall not operate tcT release the liability of the original Borrower or Borrowers successors in interest.
<br />Lender shall not be required to cornrnetto: proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or 3mrower's successors in int: Jest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right sir remedy.
<br />11. Successors and Assigns Bound; Joint and Severst! Liability; Co- signers. The covenants and agred -mc at 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 c L -Signs this Security
<br />instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and e,, nv'ey
<br />that Borrower's interest to the Property under the term: of this Security Instrument; (b) is not personalty oblital- 8v pay
<br />the sums secured by this Security Instrument. and (c) agrees that Lender and any other Barrow•er may agree to extend,
<br />modify. forbear or make any accommodations with regard to the terms of this Security Instrument or she Note without
<br />that Borrower's consent.
<br />12, Loan Charges. If the loan secured by this Security instrument is subject to a law which Sets maximum loan
<br />charges, and that law is finalb. interpreted so that the interest or other loan charges collected or to be ctillected in
<br />connection with the loan exceed the permitted limits, inert: (a) any such 'can charge :hall be reduced by the an tint
<br />necessary to reduce the charge to the permitted limit: and (b) any sums already collected from Borrower which tided
<br />pal
<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 reduce% principal, the reduction will be treated as 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 Instrument unenforceable according to its terms, lender. at its option,
<br />may require immediate payment in full of all Sums secured by this Security instrument and may invoke any remedies
<br />permitted by paragraph 19. if Lender exercises this opti:in, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be dirrcied to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall he 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 Security instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law. Severability. This Se,:unty 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 conflicts with applicable law, such conflict shall not affect 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 enen one conformed copy of the Note and of rbLS Security Instrument.
<br />17. Transfer of the Property or a BeneficE'd Cnterest in Borrower. If all ur. am part a the Property or any
<br />mti-- -a in it is sold or traq.�f�rred (or if a beneficial uil --e 1`,t in Borrower is sold or trsFv ;t r•:d and Borrowert,,n, -t a natural
<br />rerv_it� ,Mt.rl „tut Lender's pROr written consent. Le d'e-r may. at its option, require I. <rN- at,^_tt �Zt ,f :At La ,ill,, ;7 .tl SUMS
<br />sr�,r� �l;x rail - Security Instrument. Ho%4.eser, thti rrtwn shall riot he exercised i_) 1Lens r ri e?Ce ^; y: •.,;t-ina�^ated by
<br />F �• raw l` thedateof this Secicnry :tn•arurnent.
<br />L Lm der exercises di +r ,: piton. fuo,dyer shall a:.Q iiorrow er notice of accelt� w:ta; . T e n::1:: ,:atl r:wl-]t. e a ge -'3d
<br />,.:;',;,;t rp,s than 30 days front' i h,_ date the notice is ,iLC *.: f or mailed within which. ; • *.'.wr•rtmus” rwy. art
<br />ijir::security Instrument: D' po,rrower fail% to pa} tltr.,n; ,,.iris prior to the exptrati -,.).n ^ni- � er.:ri, Len ter �) : -z 7 : ae�,
<br />rc-rredies permitted by this sei.:arity Instrument %irlii ar 15tirther notice or demand
<br />19. Borrower's i"iil#it.ca Reinstate. If Borr-xs zr meets certain condttwna '. rr.,-•tn,er. shy ! I:.r e then cht nt have
<br />(- .morcement of this Secutit�,1sStrumeni discontinued at any time prior to the earl),;-. i' (-.u, such c titer penod as
<br />applicable law may specij� f,,r reinstatement) before sale of the Property pursu.A,c ' :. .' I-r a.: a dale cC!tt'SLrCCS ;n this
<br />security instrument: or (li) entry of a judgment enforcing this Security instrumia;i L?L, -%c condittom arc W tenser.
<br />(a) pays Lender all sums which then would he due under this Security Instrurr:rw rind the Note had r.;: 2:::1_1rr31u)n
<br />occurred; (b) cures any default of any other covenants or agreements. (c) pays as :xpemes incurred in er,Ibr' ring this
<br />Security Instrument. including, but not limited to, reasonable attorneys fees: and (d) takes such action. a, Lender may
<br />reasonably require to assure that the lien of this Security instrument. L.endet% in the Property and Borrower's
<br />obligation to pay the sums secured by this Security instrument shall continue -::changed. Upon reinstatement by
<br />Borrower. this Security Instrument and the obligations secured hereby shall remain t aih effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under pnn;igraphs 13 or 17
<br />r ZR.= - -
<br />t
<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. 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 specify ing 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, me 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 amount of the proceeds multiplied by the following traction: (a) the total amount of the suius we%urcd immediately
<br />before the taking, divided by (b) 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 fat s. to respond to Lender within 30 days after the date the notice is
<br />given. Lender is authorized to collect and apply the proceW- & at its opt icon, either to restoration or repair of the 1 rop4ny or
<br />to the sums secured by this Security Instrument. whether,, *r, ivat then du.e.
<br />Unless Lender and. 5,j"wer other•wuwe:Zree it;. x+rtl:ing, any application of proceeds to principal shall not. extend or
<br />postpone the due date of the i> o r, .thly payment -% i'eferrc%j: twy in paragraphs 1 and 2 or change the amount of such nttvrrtents.
<br />10. Borrower Not Rehimed4; Ferbeamnce By Lender Not a Waiver. Extension of the time for ps,ey1m.nt or
<br />modification of amortization OF the sums secured by this Security Instrument granted by Lender to any ,tins >-ot in
<br />interest of Borrower shall not operate tcT release the liability of the original Borrower or Borrowers successors in interest.
<br />Lender shall not be required to cornrnetto: proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or 3mrower's successors in int: Jest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right sir remedy.
<br />11. Successors and Assigns Bound; Joint and Severst! Liability; Co- signers. The covenants and agred -mc at 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 c L -Signs this Security
<br />instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and e,, nv'ey
<br />that Borrower's interest to the Property under the term: of this Security Instrument; (b) is not personalty oblital- 8v pay
<br />the sums secured by this Security Instrument. and (c) agrees that Lender and any other Barrow•er may agree to extend,
<br />modify. forbear or make any accommodations with regard to the terms of this Security Instrument or she Note without
<br />that Borrower's consent.
<br />12, Loan Charges. If the loan secured by this Security instrument is subject to a law which Sets maximum loan
<br />charges, and that law is finalb. interpreted so that the interest or other loan charges collected or to be ctillected in
<br />connection with the loan exceed the permitted limits, inert: (a) any such 'can charge :hall be reduced by the an tint
<br />necessary to reduce the charge to the permitted limit: and (b) any sums already collected from Borrower which tided
<br />pal
<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 reduce% principal, the reduction will be treated as 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 Instrument unenforceable according to its terms, lender. at its option,
<br />may require immediate payment in full of all Sums secured by this Security instrument and may invoke any remedies
<br />permitted by paragraph 19. if Lender exercises this opti:in, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be dirrcied to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall he 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 Security instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law. Severability. This Se,:unty 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 conflicts with applicable law, such conflict shall not affect 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 enen one conformed copy of the Note and of rbLS Security Instrument.
<br />17. Transfer of the Property or a BeneficE'd Cnterest in Borrower. If all ur. am part a the Property or any
<br />mti-- -a in it is sold or traq.�f�rred (or if a beneficial uil --e 1`,t in Borrower is sold or trsFv ;t r•:d and Borrowert,,n, -t a natural
<br />rerv_it� ,Mt.rl „tut Lender's pROr written consent. Le d'e-r may. at its option, require I. <rN- at,^_tt �Zt ,f :At La ,ill,, ;7 .tl SUMS
<br />sr�,r� �l;x rail - Security Instrument. Ho%4.eser, thti rrtwn shall riot he exercised i_) 1Lens r ri e?Ce ^; y: •.,;t-ina�^ated by
<br />F �• raw l` thedateof this Secicnry :tn•arurnent.
<br />L Lm der exercises di +r ,: piton. fuo,dyer shall a:.Q iiorrow er notice of accelt� w:ta; . T e n::1:: ,:atl r:wl-]t. e a ge -'3d
<br />,.:;',;,;t rp,s than 30 days front' i h,_ date the notice is ,iLC *.: f or mailed within which. ; • *.'.wr•rtmus” rwy. art
<br />ijir::security Instrument: D' po,rrower fail% to pa} tltr.,n; ,,.iris prior to the exptrati -,.).n ^ni- � er.:ri, Len ter �) : -z 7 : ae�,
<br />rc-rredies permitted by this sei.:arity Instrument %irlii ar 15tirther notice or demand
<br />19. Borrower's i"iil#it.ca Reinstate. If Borr-xs zr meets certain condttwna '. rr.,-•tn,er. shy ! I:.r e then cht nt have
<br />(- .morcement of this Secutit�,1sStrumeni discontinued at any time prior to the earl),;-. i' (-.u, such c titer penod as
<br />applicable law may specij� f,,r reinstatement) before sale of the Property pursu.A,c ' :. .' I-r a.: a dale cC!tt'SLrCCS ;n this
<br />security instrument: or (li) entry of a judgment enforcing this Security instrumia;i L?L, -%c condittom arc W tenser.
<br />(a) pays Lender all sums which then would he due under this Security Instrurr:rw rind the Note had r.;: 2:::1_1rr31u)n
<br />occurred; (b) cures any default of any other covenants or agreements. (c) pays as :xpemes incurred in er,Ibr' ring this
<br />Security Instrument. including, but not limited to, reasonable attorneys fees: and (d) takes such action. a, Lender may
<br />reasonably require to assure that the lien of this Security instrument. L.endet% in the Property and Borrower's
<br />obligation to pay the sums secured by this Security instrument shall continue -::changed. Upon reinstatement by
<br />Borrower. this Security Instrument and the obligations secured hereby shall remain t aih effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under pnn;igraphs 13 or 17
<br />r ZR.= - -
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