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<br />If Lander 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 elect 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 />8. Iasliwilon. 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 specifying reasonable cause for the inspection.
<br />9. Coademaation. 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, are 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 fraction: (a) the total amount of the sums secured 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 offer to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the dale 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 Lender 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 By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Leader to any successor in
<br />interest of Borrower shall not operate to release the liability of t'hc 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 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 b: joint and several. Any Stn i carer 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 :he terms of this Security instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrurent; 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 Instrument 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 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
<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 Bbrrower. If a refund reduces 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 option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 11.
<br />14. Notices. Any notice to Borrower provided for in this Security lu.trument shall he given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. "I'he notice %hall be directed to the
<br />Property Address or any other address Borrower designates- by notice to Lender. Any notice an Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designate% 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 Security Instrument shall he govemed 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 1hi% Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shal!'i'e given one conformed copy of the Nrnc ;nod of this Security Instrument.
<br />17. Transfer vi the Property era Beneficial interest in Borrower. If all or arty part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />persons t%r:hout Lender's pricer w ern fet, .onseni. Lender may. at a % option. require immecl:aie ^.ryment in full of all %um%
<br />secured I,% this Security In%trumrrt� }lowe%er, the,, option sh:t;i not he exetcr%ed by I ettacr if esercisc i% prohthard ht
<br />federal law as of the date of thisSecuri +y Instrument
<br />If Lender exercises this opuon. Lender ,haai; give Borrower tit ttice of accelcrauun. i he n ogee %halL;+rutide a Ixntxl
<br />of not less than 30 days from the date f be notice is delivered or marled w u but w hich Borrower mu %t ray all %um %secured by
<br />t6:. C —bieo l— t—mont If Rnrra we•r fail% to treat, these %tiro% prior tie the expiration tit this re'rited. Lender may nr%okc ant
<br />remedies permitted b% this Smuntw Instrument without lurthet notice or demand on Borrower
<br />18. Borrower's Right to Reinstate. If Borrower meet,. certain condition%. Borrower shall hate the right hi hate
<br />enforcement of the, Security Instrument discontinued at any time pnui to the carper tit': (a) 5 days (or such other period a%
<br />applicable law may speed) for reimtatemcnu before sale of the Property pursuant to any hewer of +ale contauied ut 1111%
<br />Security Instrument. sir (b) entry of a judgment enforcing this Security Instrument Those conditions are that Burrower
<br />(a) pays Lender all sums which then would he due under this Security Instrument and the Note had no a:celeration
<br />occurred. (b) cures An) default of my other covenants or agreements. Icy p:iy% all exlwmes uicurred u► cniorcutg this
<br />Security In %trument. mcludmg. but not limited to, reasonable attorneys' fees; and (d) takes such acttoo .e% Londcr may
<br />reasonably require to assure that the hen of this Security Instr uent. I ender'% tights in the Itropeity and Burrower'%
<br />obligation to pay the sums secured by this Security Instrument %hail continue unchanged. L'pont reinstatement h%
<br />Borrower, this Security Instrument and the obligations secured hereby %hall remain Cully effectt%e as it no acceleration had
<br />occurred. However, this right to reinstate shall not apply In the case of acceleration ruder paragraphs 13 or J; .
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<br />JF-277
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<br />If Lander 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 elect 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 />8. Iasliwilon. 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 specifying reasonable cause for the inspection.
<br />9. Coademaation. 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, are 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 fraction: (a) the total amount of the sums secured 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 offer to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the dale 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 Lender 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 By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Leader to any successor in
<br />interest of Borrower shall not operate to release the liability of t'hc 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 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 b: joint and several. Any Stn i carer 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 :he terms of this Security instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrurent; 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 Instrument 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 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
<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 Bbrrower. If a refund reduces 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 option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 11.
<br />14. Notices. Any notice to Borrower provided for in this Security lu.trument shall he given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. "I'he notice %hall be directed to the
<br />Property Address or any other address Borrower designates- by notice to Lender. Any notice an Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designate% 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 Security Instrument shall he govemed 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 1hi% Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shal!'i'e given one conformed copy of the Nrnc ;nod of this Security Instrument.
<br />17. Transfer vi the Property era Beneficial interest in Borrower. If all or arty part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />persons t%r:hout Lender's pricer w ern fet, .onseni. Lender may. at a % option. require immecl:aie ^.ryment in full of all %um%
<br />secured I,% this Security In%trumrrt� }lowe%er, the,, option sh:t;i not he exetcr%ed by I ettacr if esercisc i% prohthard ht
<br />federal law as of the date of thisSecuri +y Instrument
<br />If Lender exercises this opuon. Lender ,haai; give Borrower tit ttice of accelcrauun. i he n ogee %halL;+rutide a Ixntxl
<br />of not less than 30 days from the date f be notice is delivered or marled w u but w hich Borrower mu %t ray all %um %secured by
<br />t6:. C —bieo l— t—mont If Rnrra we•r fail% to treat, these %tiro% prior tie the expiration tit this re'rited. Lender may nr%okc ant
<br />remedies permitted b% this Smuntw Instrument without lurthet notice or demand on Borrower
<br />18. Borrower's Right to Reinstate. If Borrower meet,. certain condition%. Borrower shall hate the right hi hate
<br />enforcement of the, Security Instrument discontinued at any time pnui to the carper tit': (a) 5 days (or such other period a%
<br />applicable law may speed) for reimtatemcnu before sale of the Property pursuant to any hewer of +ale contauied ut 1111%
<br />Security Instrument. sir (b) entry of a judgment enforcing this Security Instrument Those conditions are that Burrower
<br />(a) pays Lender all sums which then would he due under this Security Instrument and the Note had no a:celeration
<br />occurred. (b) cures An) default of my other covenants or agreements. Icy p:iy% all exlwmes uicurred u► cniorcutg this
<br />Security In %trument. mcludmg. but not limited to, reasonable attorneys' fees; and (d) takes such acttoo .e% Londcr may
<br />reasonably require to assure that the hen of this Security Instr uent. I ender'% tights in the Itropeity and Burrower'%
<br />obligation to pay the sums secured by this Security Instrument %hail continue unchanged. L'pont reinstatement h%
<br />Borrower, this Security Instrument and the obligations secured hereby %hall remain Cully effectt%e as it no acceleration had
<br />occurred. However, this right to reinstate shall not apply In the case of acceleration ruder paragraphs 13 or J; .
<br />,
<br />r11'�'n 4.11
<br />,,... —t,,t:, hf,.
<br />elf ,
<br />JF-277
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