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<br />11 Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shelf pay the premiums required to maintain the Insurance in effect until such bone as the regwre ment for the
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<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
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<br />e. Infition. Lender or its agent may make reasonable entries upon and Inspections of the Property Lender
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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 />ti, Condenlnatlon. The proceeds of any award or claim for damages. director 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
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<br />Instrument, 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 />unless Borrower and Lender otherwise agree in writing• the sums secured by this Security Instrument shall be reduced by
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<br />the amount of the proceeds multiplied by the following traction (a), the total amount of the sums secured immediately
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<br />before the taking, 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 />it the Property is abandoned by Borrower, or rt. after notice by Lender to Borrower that the condemnor offers to
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<br />make an award or settle a claim for damages. Borrower fads to respond to Lender within .30 Gays after the date the notice t,
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<br />given, Lenderigauthorrzedtocollectandapplytheproceeds. atitsophon. eithertorestorationorrepairot thePropertyor
<br />to the sums secured by this Security Instrument, whether or not then due
<br />Unless Lender and Borrower otherwiseagree 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 land? or change the amount of such payments
<br />By Lender ot a Ytfatver Mansion of the time for payment or
<br />10. Borrower Not Released: Forbearance N
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of theoriginal 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
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<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand
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<br />made by the original Borrower or Borrower's successors in interest. Any torrea- anceby lender in exercising any right or
<br />remedy shall not be a waiver of or preclude the exercise of any right or remew
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<br />11. Sucessons and Assigns Bound; Joint and Several Liability; Co- signers. Theo ovenants and agreements of this
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<br />Security Instrument shall bond and benefit the successors and assigns of Lender and Borrower, subject to the provisions
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<br />of paragraph 17 Borrower's covenants and agreements shall be joint and several Any Borrower who co -signs this
<br />Security Instrument but does not execute the Note (a) isco- signing this Security Instrument only to mortgage, grant and
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<br />convey that Borrower's Interest in the Property Linder the terms of this Security Instrument, IN is not personally obligated
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<br />to pay the sums secured by this Security Inslrum«n1. arr.i it i agrees that Lcnder and any e!nQ. Bnrrnyyp{ mpy Ar]rPn In
<br />extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note
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<br />without that Borrower's consent
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject to a jaw 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
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<br />connection with the loan exceed the premitted limits. then la) 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 1 h j any sums already collected from Borrower which exceeded
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<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 it refund reduces principal, the reduction will be treated asa
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<br />partial prepayment without any prepayment charge under the Note
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<br />13. Legislation Affecting Lender's Rights. If pitactmnnl or expuraUon of applicable laws has the effect of rendering
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<br />any provision of the Note or this Security Instrument ununfoiceablo according to its terms. Lender. at its option, may
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<br />requite immediate payment m lull of all sumssecured by this Security Instrument and may invoke any remedies permitted
<br />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 Secutuly Instrument shall he given by delivering It or by
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<br />mailing it by first class mad unless applicable law regiuros use of another method The notice shall be d+iected to the
<br />by
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<br />Property Address or any other address Borrower designates by notice to Lender Any notice to Lender shall be given
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<br />first class mail to lender's address staled her ein or any other address Lender designates by notice to Borrower Any notice
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<br />provided for in this Security Instrument Shall ne deemed to have been given to Borrower or Lender when given as provided
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<br />in this paragraph
<br />15. Governing Law; Severabllity. This Seuwty Insbirnenl shall he governed by federal jaw 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 jaw. such conflict shall not affect other provisions of this Security Instrument or the Note
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<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 />16. Borrower's Copy. Borrower Shall he given une conforned copy of the Note and of this Security Instrument
<br />17. Transfer of the Properly or a Beneficial Interest in Borrower. If au or arty part of the Property or any interest in
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<br />it is sold ortran%* -•ed (or d a beneficial interest in Burrower is sold or transferred and Borrower is not a natural person)
<br />with � ❑t L finder s prior written consent. Lender may at its option require immediate pav• *lent rn full of all sums secured by
<br />tht�,Secu;*itylnstrumenl HowPVer. this option shall not heexe •cisedhy Lender ifexercis ie•Dhibitedby federal law asot
<br />the state of this Security Inste. -rnl :
<br />It Lenderexetc'ses lh s opho•i. Lender craft g,ve 6Or': rrE' �: to t. cf ti :.air a •n Tr,c• n�'iCf l3" a "• arovidea jaehoai
<br />01nOtIeSSthan7U ^aysl+Jtr•t ^flda'r!hpnnt:i iswc'iv.'rp�'� n aurdYrrt^ ^sonic' B? ewer must pay at t. ,rtssecuredby
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<br />IhrS Security Insl-umPnt . ^'• iris perioa. Lend.•• ^ray invokeanv
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<br />ter^ee es tern, pe t+,. t'iis Si i .ri :•, itrurnent without fw*,,PT not,,-.[, : ryemand On ri ?rrPWPr
<br />18. Borrowers Right to Weinafate. ' If Borrower eted :: ter :air t onclil•ons- Bor,. •ever S ^a. ^avc• the right !o have
<br />Nn' ' �emenlofthiS SeCunty1n57. :mentdisCOntr Hued eta ^yt.-- epriortotheearlierof % ;.,:vysforSuchotherpenoga5
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<br />applicable law may specify for reinstatement) before sate or lase Properiv pursuant iu any I cwt+ V. ba T i.i nariecv :c. 1h :a
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<br />Security Instrument or(b) entry ofaj udgmentenforcingthisSecurityln�t •.,^•ent Thosecuntl ,t,ansi, ^P1,.aTBorrower (a)
<br />pays Lender all sums which then would be due under this Security Instru? e ' and lhP Note had r o a:.: e,r a;ion occurred.
<br />(b) cures any default of any littler covenants or agreements +r.i pays an expenses c .e re m enforcing this Security
<br />Instrument, including. but not Irmited to. reasonableattof evs fees arcs udl takes suc` ac!ro^ m Lender may reasonably
<br />require toassute that the lien of This Security Instrument Lenaef s tigrts in the Property a i,: P•�••owers obligation to pay
<br />the sums secured by this Security Instrument shall cont,mie unchangHd Upon romstatem( , ti, B. rawer. this Security
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<br />Instrument and the obhgationS secured nareo y shall remain r• ply pffecr .-as if nri accr«ta7•c ,ccurred However.
<br />rhis, right to reinstate shall not apply in the case of acceleration antler paragraphs ' 3 r t '
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