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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument.
<br />the insurance in effect until such time as the requirement for the
<br />Borrower shall pay the premiums required to maintain
<br />insurance terminates in accordance with Borrower's and Leader's written agreement or applicable law.
<br />1. Inspectlos, Lender or its agent may make reasonable entries upon and inspections of the Property. Lander
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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. Coadem andon. The proceeds of any award or claim for damages, direct or consequential. in connection with
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<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,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the antiount 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 shill be
<br />paid to Horrower.
<br />If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to
<br />for damages. Borrower fails to respond to Lender within 30 days after the date the notice is
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<br />make an award or settle a claim
<br />given. Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
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<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 ari `the monthly payments referred to in paragraphs l and 2 or change the amount of such payments.
<br />lo. Borrower N•ol Released; Forbearance By Leader Not a Waiver. Extension of the time for payment or
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<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest o', shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />in interest or refuse to extend time for
<br />Lender shall not be required to commence proceedings against any successor
<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
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<br />shall not be a waiver of or preclude the exercise of any right or remedy,
<br />11. Successors wall Assigns Bound; Joint and Several Liability. Cosigners. The covenants and agreements of
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<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
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<br />instrument but dos t,vt etecute the ;rote: (a) is •Ci.Sigaing this Security I—stn.:rnent only to mnngaae. grant and convey
<br />that Borrower's interest in the Property under oche terms of this Security Instrument; (b) is not personally obligated to pay
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<br />the sums secured by obis Security Instrument; and (c) agrees that Lender and any other Borrower mad agree to extend,
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<br />modify, frnbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
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<br />that Borrower's consent.
<br />12. Lash Charges. if the loan secured by this Security Instrument is subject to a law which sets in aximum 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
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Leader's Rights, If enactment or expiration of applicable laws has the effect of
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<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 Leader exercises this option. Lender shall take the steps specified in the second paragraph of
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<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Secunty Instrument ~hall he given by delivering it or by
<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
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
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<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. Ggyerning Law; Severability. This Security instrument shall be governed by federal law and the law of the
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<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Secunty I nstrument 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 this Security instrument and the
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<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall tx 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 />beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />interest in it is sold or transferred for if a
<br />persons without Lender's prior winter. consent, Lender may . at its option. require imiediate pa } merit in full of all sums
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<br />secured by this Security Instrument. However. this option shall not be exercised by Lender if exercise is prohibited by
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<br />federaL Jawasof the dale of thisSecurny Instrument.
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall! provide a period
<br />of not less than 30 days %ra rl�e •date the notice iy delivered or mailed within which Borrower must pay a!C s:ms secured by
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<br />this Security Instrument. If Bcrrswer fails to pay these sums prior to the expiration of this period. Lender may invoke any
<br />remedies tiermitte:d by this Secunz,• Instrument without further notice or demand on Borrower.
<br />18. Borrower's Right to Reinstate. if Borrower meets certain conditions, Borrower %nail nave the ngnt to nave
<br />enforcement of this Secunty Instrument discontinued at anytime pnor to the earlier of: (a) S day%for such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power cif sale contained in this
<br />Security Instrument; or (b) entry of a judgment enforcing this Security Instrument Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under this Security instrument and the Note had no acceleration
<br />occurred: (b) cures any default of any other covenants or agreements. tc) pays all expenses incurred in enforcing this
<br />Security Instrument, including, but not limited to, reasonable attorneys fees, and (d) take% such action as Lender may
<br />Lender's in the Property and Borrower's
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<br />reasonably require to assure that the lien of this Secunty Instrument. rights
<br />obligation to pay the sums secured by this Security Instrument %hall continue unchanged. Upon reinstatement by
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<br />Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17.
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