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<br />105451
<br />• If bender required mortgage insurance as a condition of making the loan secured by tSis Secuctty 10' strument,
<br />Borroiiier shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />-- insurance terminatesinaccordanctrithi3grrower' sandLertder'_ swritwnagrrement _acar�niicahleL�i_vr..�__.,: — - - - --
<br />g. Inspection. Lender c+r its Writ may make reasonable entries upon and inspections of the Pr
<br />' )< shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the-inspeetka. Lender
<br />i 9. CAviierttatiea. The proceeds of any award or claim for damages. direct or comwquentiad in. conrtacti�ti ivitlt
<br /># any condemnation at other taking of any part of the Property, or for conveyance in lieu. of v ondemnatiaa.: ems' hiei+ehy
<br />asaigt>ed cad 1balI be aid to Lender
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<br />In he event of a total taking of the f g Property, the proceeds shalt be applied to the sums recur-d Sethi ;:
<br />F� Instrunr, , whether cr not then due, with any excess V i4 io Borrower. In the event of a. partial- takirig of teia�ii'r t ; r
<br />F' z ualest; wee and .ender otbrrixit agt4e iz!a> iiitS,b� F:tis secured by this Security Catatrtrltrr.�t sltadl
<br />{ the ^i t -the proceeds muhi#' ( a) the total inettz Df i6 nsecurgo , T
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<br />` } ,•Sf1�lluri divfdedb `t3,'t��ra ° r t j =conde y R! 1?rsedt, 1viiiniediately tM(}rpp; s . t sbw� ,arc£ rna .i 1 .rider Yee. Pogo ewer mnor
<br />alrRradyir +titicsrt¢',)ubm'(r�t'imag i�4vwer failY is rtstxs Lender snithin 3Qdnys, aRer the date the notice ts;
<br />ga�ea ;'Lia;tder is ati aed to collect and spp$ c to r repair of the Property or..
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<br />i tothesumssecurwd. bythis Security Instrument, whether or not than due.
<br />Unless Lender and Bnrrcaver otherwise agree in wt ii. ng, art application of proceeds to principal shall not extend or
<br />i postpone the due date of the monthly paymenhi, referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />. 10. Borrower Not Reksi; ; Forbearance By Leader Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums seared by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence 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 Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver ofor preclude the exercise of any right or remedy.
<br />11. Sreeoanors atatl Assips Bottttt4 Joint anti 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 ittturmt 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. Lem GbwW. If the loan secured by this Security Instrument is subject to a lavv which sets maximum loan
<br />charges6 and that law. is finally interpreted so that the interest or of bee loan charges colkcied or to be collected inc
<br />connection with the loan exceed the pennitte+d.,limits, then: (a) any mAuk' '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 Dorm er which excadm
<br />f permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />i under the Note or by making a direct payment to Borrower. If a refund reduces principal, the redwtion will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. LegAltNiloe Affectieg Unniee's. Rights. If enactment ai• expiration of applial) < laws has the effect of
<br />rendering any provision of the Note or this Security instrument unenforceable according to its ferr ;s, Lender, at its option,
<br />may require immediate paymer_I.in full of all sums secured by this Security Instrument and day invoke any remedies
<br />permitted by paragraph 19. If Lerr der exercises this option. Lender shall take the steps specified ir.9he 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 directed to the
<br />Property Address or any other address 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 Security instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />f in this paragraph.
<br />1S. Governing IA*; 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 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 />I& Borrower's Copy. Borrower shall be given one conformed copy of the Nate and of this Security Instrument.
<br />17. Treader of the Property or a Betaefieial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if abeneficial 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 ibis SeVurity Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br />federX?Aw as of the &.!e of this Security lnstriwa .ent.
<br />VLender exercises this o'pvikun, Lendersnall give Borrower r. -.t. a of acceleration. The csti:e shall prnvide a period
<br />of nO Ceps than 30 day�from the d pethe rictnct :;s deliveredur r� a;ied' vw:idiom which Borrower in : -? pay all sums secured by
<br />This 5rt+urity Instri; -+°+', t. If Borrower fails to pay thew sums prior ca• rhk-. .expiration of this pen�4, Ltrider may invoke an ;j
<br />remedies rwfmitmA Ev . ;bit, SMtsfity !liar -ar .evrithout further not w we r-- on Eorrower.
<br />I�.'l eaWet s Right to Reinstate. tf rdorrower meets ceria;r, +:renditions, &rrrowcr s=ue: have t ;1e.,ight to have
<br />enfor[eah;tv'1 -- of this Security inste,4.,7xnt discei:t.inued at any time prior ft, the earlier of., (a) 5 days for suck r die - period zs
<br />applkabfe law may specify for reisnVatementp before sale of the Property pursuant to any p iwc <,f sale contained in tr u
<br />Security Instrument; or-(b)entry eta judgment enforcing this Security instrument. Those condillons are that Wrrnwer:
<br />(a) pays Lender alt rur.•is which then would be due under this Security Instrument and the Mote had uc, acceleration
<br />occurred; (b) cures dny default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this
<br />Security instrument, including. but not limited to, reasonable attorneys' fees; and (d) take% such action as Lender may
<br />reasonably require to assure that the lien of this Security Instrument, Lender's rights in the Propeny and Borrower'; _
<br />Obligatt(In to ray the sums secured by this Security Instrument shall connaue urwhanged I tpnir tonstateincnt by
<br />Borrower. thin Security Ir,ctrument and the o+bhgatiorm secured hereby shall remain fully ctTective a% if n+► ;ureierah+ >n had
<br />occurred Hntrel.et. 111141ighttu runytat e% hal l Wit ar Ply irk file cake ofiic•_ele►iitH=niist&t rarastaphs I; fit iT
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