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<br /> � lt'l.endec required tnortpie ic�suraace us a condition of making the loan secured by this Security lnstrument,
<br /> �' : �rtowtr slqitl pay tht pre�triums rec'airect to rn�intain the insuranct in tfl`'e�t aritii such rimc as thr rrqu�irrrr,ent for the
<br /> � insurancr te�i�yites in�ccordance�vith Borro�ver's and Lender's written agYe+ement or applicable taw.
<br /> f.��etio�. La�des or its agent may make re�sonable entria upon aed inspections of tht Property. Lender •
<br /> � sl�11 give Horrowsr na�tice at the time ofnr prnor to an inspection specifying reasonable cause for the inspectian. ._
<br /> + 9 Co�q�tlon. The procadsaf any award or claim for damages,direct or cor►sequential,in connection with
<br /> —�; any eaidemna�ion�or otlirr hlcina of iny part of i�he�roperty.or for conveyance in lieu of condemnadon,are i�erehy - �� � � �-�� ��"������" -��
<br /> ' assigned�snd shall bt paid to Lcnder. ° .
<br /> � In the event 4f a total taking of the Froptrty.the proceeds shall be apptied to the sums secured by this Security
<br /> ; Instrument,whethu ar not then due,with any exeess paid tn BorraRrer.tn the event of a partial taking of the Property,
<br /> E unkss Bonrower an�Lcndar othtrwise agr�ae in wriring,the sums se�ured by this Security Instrument shall be roduced by
<br /> � the amo�nt af the pruceeds multiplied bg the follawing fraction:(a)thc tatal amount of the sums secund immediatety
<br /> ��:..� befo�the ipiring�d'svided 6y(b)the�'sir market value of the Property imrAediateiy befare the taking.Any bataare shali be
<br /> � ; patd to Bonower.
<br /> � �f the Proptrty is abandut�td�}�Bnrrawer,or if,after notice by Lender tu E�arrower that th�condemnor offers to
<br /> . ; . milce�n sward nr settle a ciaim f�r daa�ages,,&�noaer fails to respond to Lender wit#lin 30 days af[er the date the notire is . .- .. .
<br /> �. 'i givai.t.ender is authorizod to cc,�I�ert apd apply the procea�si at its oprion,either t4�storation or repair of the Property or �
<br /> ;;,;; ta the swhs secured by this 5ecurn�r��i'strument,whether ac aot.then dae.
<br /> i1'nlas Lender and Bor�n++rjr,�ottrarwise agree in w�tiiig,any appli.cation�'�+�eds to principal shall�t rxtena� •
<br /> pastgame tf�e due dxtc of the muritnIy payments referred tv in paragraphs.L�rtd�.�change the amount of sur�.payme�s. •
<br /> � ' . . IO.. Boefa��Not Relea�ted; For6earmce By i.�s�der Not 4��'iYer..�,,'-�xtension of the time far�payment or
<br /> � madiSextittn of amiqct�r,3tion Qf the sums stcurod by ttiis Security Instniment �nteci by Ixndtr to ank�nccessor in �
<br /> ;-. ; interest�f 8prr�wtCsi�Il._�et o�te to release the Gabilit+,�.uf the ori�nalBorrQ��or Borrower's successvss in interesE.
<br /> + Lender��t�t be t�.ticed:��"�mmence procaediags.3gainst any successor in.int�rest or refusc to�xtend time for
<br /> � paymer.t��,�11e�is�:a;r�i€�s.risi�;ization o£tixg sums se.ured by thi��e:urity Iastrument by reason of any demand made .:; .,:�,
<br /> � by the oti�its�,$i�*iz��zr oc 8eerix�ez's su+cxe��+i3�s in interesi.Any fa�nce by Lender in eaercising any right ar remedy �
<br /> � ; shaU tw�E�.�'rovaiu�cr;�ror precl�£6e exercise of any right cir remedy.. . . ,
<br /> � L�,�: SYCCawrs a�d Asd,�Boaad;Joint an�SE�si LisbiHty;Casign�ss. Tht covenants and agraments of
<br /> � this Se�vrity Iratrument shall bin�and benefit the successors and assigns of Lendar and Borrower,subject to the provisions
<br /> # of paragr�ph 17.Borrower's covenants and agrecments shall be joint and several.Any Borrower who co-signs this Security
<br /> } Irratrumrnt but does not execute the Nate:(a)is co-signing this Security Instrument only to mortgage.grant and canvoy _
<br /> ; that Borrawer's interest in[he Praperty under the terms of this Security Instrument;(b)is not personally obiigatad to pay T
<br /> 1 the sums secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may ag�ee to�xtend,
<br /> . , madify,forbear or make any accommodations with regard to the terms of ihis Security Instrument or tht Note without
<br /> ' that Borrower's cansent. `"
<br /> 1 12. I.o��Char�es. If the loan secured by this Security lnstrument is subjxt to a law which sets maaimum loan
<br /> � charges, and that law is finally interpretod so that the interest or other loan chazges coltected or to be collected in -
<br /> connection�with tAe loan eaceed the permitted limits, then:(a)any such loan charge shall be reduced by the amount
<br /> • � necessary to reduee the eharga to the permitted limit;and(b)any sunfs already collecter!f��-ri&sssowc:wh'sch e;,ecciie3 ,--
<br /> � permitted limits wilt be refunded to Borrower. Lender may choose to make this refund by:e+dncing the principal owed � �
<br /> R under the Note or by making a direct payment to Borrower.lia refund reduces prin¢ipal,the reduction will be treated as a
<br /> ( partial prepayment without any prepayment charge under the Note.
<br /> � 13. Le�isiatipn AReetiR� Lender's Rjghts. If enactment or expiratien of applicable laws hay tl.t���fJe�t af
<br /> renderi�i.�any pruvi�ion of the.T�I�tc4r this Security Instrument unenforceable acr:.�rding eo its terms,Lender.,ai,i�opticn,
<br /> may rec�s:'re immedin�e�+xt,��r��: ��:full of all sums secured by this Se:i�xrity Ir.,;,trument and may invoice ir.y rcmcdies
<br />. ' p.°rmitte�b;;p�s.:�st: 29.�I��:s�er exercises this option.Lender shaL�u:�se t':.������s specified in the secnnd paragra�h of—
<br /> f paragraph 17. ` . � E--�
<br /> t�. Notices. Any nata�:c:to Borrower provided for in this Security Ins[rrysn�ni shall be given by deli��ecing it or by
<br /> mailing it by 8rst class mail a»]�M,;s applicable law requires use of another media;d. The notice shall be d.�r�a:ied ta the '
<br /> 4 Property Address or dny other a�ddress Borrower desisnates by notice to Lender. Aay notice to Lender slt::l,l�e giv��h}� , -
<br /> , first ciass mail to Ga7�3er's address stated herein or an y other address E..�nder desi gnates b y notice to Borrower.An y ncrti_�a: �
<br /> i provided for in tYiS S�.:urity lnstrument shall be deemed to have been given to Borrower or Lender when given as provided �..
<br /> ; in this paragraph. •
<br /> 1S. Go�erning I�w;Sgverability. This Securit��Instrument shall be g�verned by fcderal law and tfsn�1aw of the
<br /> , � jurisdietion in which the Propecty is tocated. In the event that any provisinn or clause of this Security lnstrument or the
<br /> Note conflicis witl�.i�ppticable law.such conflict shall not affect other provisions of this Seeurity Instrument or the Note
<br /> . which can be givet�effect without the conflicting provision. To this e�id the provisiom nf this Security Instrument and thc
<br /> Note are dcclared to be severable.
<br /> ! 16 Borrower'a Copy. Bnrrower shall be giver�ane canformed copy of tt�e Nat�and of this Secarit} tnstrumen�. �
<br /> 17. Trs�a[v of the Prooerty or a Beeeflcial IaG:rest in Borrower. Jf all or any parE of the Pr��p�rty or any
<br /> ' interest in it is suld or transferred(or if a beneflcial i:�terest in Bonower is sold or transferred and Horrower is rnr a natural �
<br /> � persan)without Lertder's prior written consenc, L�:nder may,at it5���it:fln.reyuire immediate payment in full���f Qll sam5 '
<br /> serured by tfiis Security lnstrument. Howe4�r•:r, Ihis optuzr,shall n�t�.e exercised by Lender if exercise is prc�hibited�y .
<br /> federal law as of the date of if�is Se;.urity Instr�::.ent. - — -
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<br /> If Zender exercises t'r.is��SCi�n.Lender shal!give Bosrower notice af accelera:inn.7'he noticc s1.a11 provide a peridd
<br /> of not Iess th�n 30 days fram the�ate the nofsce is delivered ot mailed within which Bc�rr�wer�nu,��pay all sums secured i:►y ' '
<br /> this Security Instrument.if Borrower fails to Qay lhest sums prior to at�e expiration of this per:�d,Lender may invnke��y �� �� •
<br /> - tcmr3i�;�:trnisted hy thss Sc:.s3rty Insirurcic�st r:ittt8ui furF�cr nc�icc or dcmand on Borcc►wer. , ';
<br /> 18.Borroxer's Rigpt to Retestate. If Bortowtr meets certain conditions,Borrower shali have the ri�ht to have . . '
<br /> enforcement of this Security Instrument disc;ontinued at sny time prior to the earlier of:(a)S days(or such other period as • ,
<br /> applicabte I�w may specify for reinstatement)before sale of the Property pursuant to any power of sale contained in this -
<br /> L Security instrurnent or{b)entry of a judgment e.nforceng tAis 5ecurity instrument.Those conditions are that Borrower: ' '
<br /> (a)pays Lendes al! sums which then wouid be due under this Security Instrument and the Note had no acreferation
<br /> �orcurred; (b)cures any default uf any other covenancs or agreements,(c) pays all ex�xnsrs inrurred �n euforcing this
<br /> Security Instrumtnt, irtcludin�,but no!I�rhited ta, reasonabie attorneys fees;and(d)takec tuch actiem as i:ender ma}
<br /> reasonably rey,uue to assure lhat the lien�f this Sesurity [ustrument. Lender s rights �o the I'rr�perty anJ l3inrnucr's �
<br /> obligation to pay the sun�s secnred by this Security Instrurnent shaU ci►ntinue unchanFed. l:pun rcin�tatement hy ��
<br /> 13urro�rer,th�s Security Instrumcnt and the ubl�gauons securcd herehy shal!rema�r�fully c�'ectE�c as�f n�.necetcr,�twn haci
<br /> �r curttd. Houc�•er,tht��ght tb reinsts�te sh�11 niit apply�n thees�,e«f:►rcelet�tion under r�raFr.��ti9es I;c�r T 7. -� - --
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