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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument.
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<br />Borrower shall pay the premiums requited to maintain the insurance in effect until such time sts the requirement for the
<br />imunince terminates in accordance with Borrower's and Lender's written agreement or applicable law.
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<br />laspaetloa. Lender or its agent may make reasonable entries upon and inspections of the Property. Larder
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<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
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<br />9. Coadiamestiot.. The proceeds of any award or claim for damages. direct or consequential, in connection with
<br />any ctindemnstion or other taking of any part of the Property, or for conveyance in lieu of condemnation, arc hereby
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<br />atssiFed 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
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<br />straent, whether or not then due, with any excess paid to Borrower. in the event of a partial taking of the Property.
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<br />vafiess Borrower and Lender otherwise agree in writing. the sums secured by this Security Instrument shall be reduced by
<br />OW sinowu of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />bef?iive die itakiag, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
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<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
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<br />make an award or settle a cWm for damages, Borrower fails to respond to Lender within 3(1 days after the date the notice is
<br />given, Lender is authorized to collect and apply the p mcccds. at its option, either to restoration or repair of the Property on
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<br />to ithe sums secured by this Security lostrunsent. whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
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<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the atri,aunt of such payments.
<br />10. Btirriower Not Released; Forbaraace By Lender Net a Waiver. Extension of the time for payment or
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<br />rtaiadifidxtion of amortization r$ the sums secured by -ti`ais Security Instrument granted by Lender to any successor in
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<br />interest of Borrower shall wq %a.}ierate to release the liaMiny of the original Borrower or 18orrower's successors in interest.
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<br />Lender shall not be required zee commence proceedings against any successor in interest or refuse to extend time for
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<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
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<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exeressi rag any right o: remedy
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<br />shall not be a waiver of or prsc)ude the exercise of any right or remedy.
<br />11. Successors mad Asel s Bouadi Joint aad Several Uabflity; 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 mon.gage. grant and convey
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<br />that Borrower's interest in the Property under the terms of this Security instrument; (b) is not personally obligated to pity
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<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 ahy accommodations with regard it, tht terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />11 Leusa Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
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<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 loan charge shall be reduced by the amount
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<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
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<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,
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<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 option. 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
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<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
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<br />first chase 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
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<br />in this paragraph.
<br />15. Ggferming Law; 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 effect without the conflicting provision. To this end the provisions of this Security Instrument and the
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<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is transferred (or if a beneficial interest in Borrower is %old or transferred and Borrower is not a natural
<br />sold or
<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 opvan shall not he exercised by Lender if exercise is Prohibited by
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<br />federal law as of the date of this Security Instrument.
<br />if Lender exercises this option. Lender shall give Borrower P. ott:e of acceleration. The rata; a shall provide a period
<br />of not less than 30 days from t'he date the notice is delivered or mailed within which Borrower must pay all sums secured b}
<br />this Security instrument. if aorrower fails to pay these sums prior to the expiration of this period. Lender ma} invoke any
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<br />remedies permitted by this Security Instrument without further notice or demar' on Borrower.
<br />n_ :...... tf tt,.rsnu�•r rncrtc renam ennditinn%. borrower %hall have the rit ht to have
<br />enforcement of this Security Instrument discontinued at any time pner to the earlier of (a) S days for such other period as
<br />for before sale of the Property pursuant to any power of sale contained in this
<br />applicable law may specify remstaientent)
<br />Security Instrument; or (b) entry of a judgment entr,r.,hg this Security Instrument. Thine conditions are that Borrower:
<br />(a) pays lender all sums which then would be d::;t Ender this Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other co%eran�'3 or agreements. (c) pay% all expensew incurred m enforcing this
<br />but limited fees: and Id) takes such action as Lender may
<br />Secunty Instrument, including, not to, reasonable attorneys'
<br />reasonably require to 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 obftgatwAs secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However, this right to remstate sh210 not apply to the case of acceleration under paragraphs 13 or 17.
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