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<br /> � If I.ender required mortgtge insuranee as a condition of makieg the loan secured by this Security Instrurt�ent.
<br /> Horrower sh�ll�y t�e premiums requiced to maint�in the insurattee itt tl�ect until such time as the requirement for the
<br /> ins�r�nce terminates in�crordanct with Borrower's and Lender's aritten agrtement or a�pli�afile lew.
<br /> • 6. I�etiat. tencler ac its a=rnt miry�tuke rascmabk mtria upon and inspections of the l'�cpeny. Lender
<br /> sh�!!give Horrower natice at the tima of or priar to sa inspection specifyingreasonable cauu for the in�pection. _ ..
<br /> 9. Co�de�tiw�. 'I`ht�rroceeds of xny s�vud or claim for damages,direct ar con3equential,in cannection v►nth _.._ .... .--.-.--- .-..
<br /> ; sny condemnatiwt nr other i�lcing of�ny put of tha Property�or for conveyance in lieu of condtmnation,ere hereby
<br /> auiEned and shalr 6e paid to Lender. �
<br /> �n the evtnt of a totai talcins of the I,'roperty. the procads shall br applied to the sums sccured by this Security �
<br /> Instrument,whether or not then due,with any excas peid to Honower.In the event of a panial taking oE the Property,
<br /> . � unless Bonower and Lender otBerwise sgra in writirtg;the sums secured 6y�this Secnrity Instrument shall be reducea by
<br /> ' the amonnt of the proceeds multiplied by the following frution;(a)the total amount af the sums secured immodiately
<br /> ? before the takang,divided by(6)the fair market value of the Property immediately befor�the.caking.Any 641ance shail be
<br /> � paid to Bonower. .
<br /> ; If the Propeity is abandortec!by Bonov�rer,or if,�fter notic,e by Lender to Horrawer thAt the condemnor offers[o �
<br /> ` matca an aw�ar�or settle s claim fot damages,Bocrtiaer fa�s w respond to Lender within 3(!ttays af'ter t�e date ifie nc�ti�e is � - ���� �-
<br /> �� • pveo,I.rnder is authorized to coltect and appIy the pracaeds,at its option,either to restoratian or repair of the Property or
<br /> � to tt�e sums socured by tlas Security Imtrumeat,w haher or aot tben dne.
<br /> , Unkss Lender.and Borrower otherwisa a�gra in writiag,any ap�Iication of procads to principal sha12 not extend or
<br /> ' ; poscpone thc due date tsf thc montlil�r.psymenu r�ened to i�paragraphs 1 and 2 or change the amount of such.payments. , ��
<br /> , . _ 10. Barowa Not Releau�Forbnra�x By I�i�Not s Waiier. Factension af tlu.�ime for pcyment or .�
<br /> � aaodificati�in af a�artizarian of the sums securod by this Socurity Iastrument granted by Lertder.to any successor in
<br /> �terest of Borrowu sha11 not operau to retease ti�e liability of the original Borrower or Bonowec'��rs�essors in interest.
<br /> �.�nder shall not be reyuired to commence�c�adings against any succcssor in inttrest nr n�.`w�to extend Ume for . .
<br /> ' payment or otherwise modify amort�tion of the sums secuc�by this Serurity Instrument by seasoii of any d�ia�d made
<br /> . , by the originat Borrower or Borro�ree'�successors in intae:�;l.1ay forbearance by Lender in eaercising any rip�isL.�,jc remedy
<br /> sha}i not be�t waiver of or preclude tY�c exercisa�any right ot iernedy. • • • ' _
<br /> � � 11. S�aaioes s�i:At�ps Harr�;J ' t a�d Sevenl Lis �
<br /> bilit�n.�b-si�oers. 1fie cov�s'rr�s and agraments nE
<br /> •.`Lhis Security lnstsumenE shal!bind and benefit t6�`suecessors and assigns�FLender and Borrowers�t..���ct to the provision� .. ' a�
<br /> ' ��f paragraph 17.Borrowcr s covenants and sgre�rnents shal!6t joint anc�several.Any Borrower cr-��.+�asigns this Sectuity �'
<br /> . � Inst�umtnt but does not exeeute tha Naie:(a)is co-signinLr;J4::s Security Instrument only to mortgage,grant amd convey
<br /> , , that Borrower's interest in the Property under the terms of z�"rs Security Instrument;(b)is not pc�lly obligated to pay -
<br /> �_��: .,•
<br /> the sums sacural by this Security Instrument�,;�:,4(c)agras that l.ender artd any other Borrovw�a�_r�ay agroe to extmd, � -
<br /> maJify,forbraF or make any accommodatie4����.'�rcgard to the terms of this Security Instrusrr.�;.�or the Note without � � �
<br /> 1 that Borrower'sconsent. � �`� �
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<br /> l2. Loan C6araes. If the&�secured by this Se��ty Instrament is subject to a law which sets maximum loaa
<br /> �' � chsrges, and that law is finally ir.f.�steted so ihat the.�,t?�st or other loan charges collectod or to be colltcted in
<br /> ; � conncetion Mith tt►e l�n excad the permitt��its. t�eii:(a)arty s*rxh luan chazge shu116e cr�uced by the amount_• _
<br /> ' � aecessary to reduce thr eharge to the petimittflci��i�t;and(b)any sacn�already eollteted frorn&>n�rs�wer wAicA excaded-, � '
<br /> 1 permittai limits will 6e refunded to Bonower. Le:a6er r.ia�cd�oose to make this refund by roducsr.g the principal owed �' .''�
<br /> , � under the Note or by making a direct payment to Borrowe�,.Cli a refund rodnces principal,the reduction wili be treatod as a
<br /> p�rtial prepayment without any prepayment charge undec tz,:Note.
<br /> � 13. I.egi�l�ttos AIfeCH�g Lesder'� R�it4f. If enactment or expiration of applicable laws has the effect oP '
<br /> rendering any provision of the Note or this Secr�i-f Instrument unenforceable according to its temrsy Lender,at its opticn� ,
<br /> � may raquire immediate payment in full of si;:;�s secur�ct by this Secudty Instrumenc and ar:�y anvoke an,� rmmedies
<br /> " perrr�itted by par9graph 19.If Lender exercises t:�"ss option,lurnder shall take the steps specified in the socond�acsgrxph of �'� _
<br /> paragraph 17. ---
<br /> 1�. Notica. Any natice to Barrower��±�vided for in this Security]nstrument sha0 be given by delivenng ii or�y.
<br /> � ' mailing it by first class mail untess applicablr La�u requires use of anot6er method. The notice shaU be directed to tAc i� ..
<br /> . � Property Address or any othtr address Borrowet designates by notice to Lender.Any notice to ixnder shall be gi�en by� ;�
<br /> fic�t class mail to Lendcr's address stated herein or any atbcr address Lender designates by notice to Borrowrr.Any notice � -
<br /> ! provided for in this Security lnstrument shali be deemed to hode been given to Borrower or Lender when given as pcovidad' ' �
<br /> � in this paragrsph.
<br /> 1S. Coiernlqa Lsw;Serenbility. Thia Security Instrument shall bc governed by federai law sind the taw of tha•
<br /> : jurisdiction in which the Properly is iocated.ln the event that any provision or clau�e of this Security lnstrument or the
<br /> ' Note conflicts with applicable law.sueh conflict shall not affeet other provisions of this Security Instrument or the Note
<br /> , which Can be givrn effect without the conflicting provision.To this end the provisions of this Security Instrument and the
<br /> Note are declared ta be severablc.
<br /> I6. $orrower's Co�y. Borrower shall ix given one wnformtd copy oPifie hiote and oi'this Security Instrument.
<br /> � 17. Tn�fer ot the Propertyr or a Beueftcial Intere�t tn Botrower. If all ur any part oP the Property ur any
<br /> interest in it is sald or tr�nsferred(or if a beneficial interest in Bor�ower is sold or tranxF�rred and Barrower is not a natural
<br /> ; porson)without Lender's prior written consent,l.ender may,at its option�reyuire immedi3te payment in full�f all sums
<br /> ' secured by this Secur�ty lnstrumet►t. However.this option shull not 6e exercised by I.ender if exercise is prohibited by
<br /> ' federallawasofthedat�ofthisSecuritylnst�umenc. , %-�--_ -`
<br /> I�Lender exercises this option,Lender shall give Borrower aotice�f acceleration.The nntice shall provide a period �
<br /> of not less than 30 days from the date the notice is delivered or mailed within which Borcower rnust pay aU sums secured by `
<br /> this 5ecurity lnstrument.lf Borrower faits to pay these sums priar to the expiration of'this period.Lender may invoke any (
<br /> remediesFermitte�byt�iisSeeuritytnstrumentaitfiautfutthernaticeordemandontiorrow•er. • .
<br /> , ia.BorrowePs RI�t to Relastate. If Borxower meets certain canditions,Bonower shap have she right to iiitye ' !
<br /> enforcement of this Seeurity Instrument discontinued ai any time prior to the earlier nf:(a)5 days(or such ofher peri�d��y•
<br /> � applicable 1aw may specify for reinstaterttent)before sale of the Froperty pursuunrtu Any power of salc contain�d in chis
<br /> Securiry Ins[rummt;or(b)entry•oP u judgment enforcin8 this Security Instrumrnt.Those comditions are f at�n&�rt�uqr�
<br /> . (a)pays Lender all sums which then w4uld be due under this Security Instrument and thcs Notet hud n�r uccet�rati�m�
<br /> actuned;(b)currs any default of any othet coo�enants or agreements: (c)pays aQ eapenses incurred in enfircing EF;ie
<br /> Security Insttument,inciading.but nut limiteci to, reasonable attoaneys fees:and(d)takes such action ay I.cadcr m�y' �_
<br /> reascmably require to assure that thc liert of this 5ecuriry Iflstrumen[. Lender s ripht�in the Property and Bonower`s
<br /> obligatian to pay the sums secured by this Serurity Instrument shvU continue unch�nged. C/pmr reir�slatement by
<br /> BorroK�er.this Security Instrument and the�l�ligatiofls secured hereby shr�U remf�in fully effec[n•�r�y�t'nn ncceleraUon had
<br /> occusred.Hawe��er,this tight to reinstate shall nnt apply in ihe case of arcelerat�an u�fdcr*p�iirac�apfil+t 3��r t� � �-
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