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<br /> $9-� 10 61'7 9
<br /> lf l.endcr requi�cd mortgagc inSUraace�.s a candit�an af muj:ing the loan secured by this Security Instcument.
<br /> r. 8nrrow•er shal)pay the prcmiums required to mamtuin the insurance in cffect until such Iime;ts the reyuirrment for the
<br /> insurance terminates in accordance with Borrower's And Lender's wriueo agreement ar applirable law.
<br /> 8. Iespecdon. Lender or its agent may make reasanable entries upon and inspections of the ProFeny. Lender
<br /> shall give�orrower notice at the Iime af or priar to An inspection specilj�in�reasanable cAUSe far the inspectian.
<br /> 9. Condenm�tion. The proceeds of any awarcl or claim for damages.direct or consequential,in connection with
<br /> any candemnatlan or other taking af nny part af the Propetty, ar for conveyance in lieu of condemnation. are hereby
<br /> . assigned and shAll be paid to Lender.
<br /> ln the event ara total taking of the Property.the proceeds shall be upplied to the sums secured by this Security
<br /> � Instrument,whether or not then due, with any excess paid to Borrower. In the event af a partial taking of the Property.
<br /> unless Borrower and Lender otherwise agree in writing,the sums secured by this Security lnstrument sha11 be reduced by
<br /> the amount of the proceeds multiplied by the following fraction: (a)the tota!amount of the sums secured immediately
<br /> before the taking,divided by(b)the Pair market value of'the Property immediately before the taking.Any balance shall be
<br /> paid to Borrower.
<br /> If the Propeny is abandaned by Horrower,or if,after notice by Lender to Barrawer that the condemnor offers to
<br /> make an award or settle a claim for damages.Borrower fails to respond to Lender within 30 days after the date the notice is
<br /> , given,I.ender is authorized to collect and apply the praceeds,at its option,either to restoration or repair oPthe Property or
<br /> to the sums secured by this Security lnstrument,whether or nat the�due.
<br /> Unless Lender and Barrower otherwise agree in writing,any application af'proceeds to principal shall not extend or
<br /> postpone the due cPate of the monthly payrs�ests referred to in paragraphs 1 and 2 ar change the amount of such payments.
<br /> 10. Bocrm�rrer Not Rele�sed; Forbeanece By Lender Not a Waiver. Extensian a1'the time for paymen� r�c
<br /> madification of amortization o1'the �ums secured by this Security Instrument granted by Lender to any successor ire
<br /> interest of Bonower shall not operate to release the liability of the original Bonc�sser or Burrower's successors in interest.
<br /> Lender shall not be requireci to commence proceedings against any successor in interest or refuse to eatend time for
<br /> � payment or atherwise madify amortization af'the sums secured by this Security I�strument b�reason of an�demand made
<br /> by the original Borrower or Bonower's successors in in�erest.Any farbearance by Lender in exercising ang reght or remedy
<br /> shatE�aot be a waiver af or peeciude ihe exercise of am c�ght ar remedy. �
<br /> l l. Successon and Assigns Bouad;Joint aa�Several Lis�bility;Co•signers. The covenants and agreements af .
<br /> this Security Instrument shall bind and banefit the successors and assigns of'Lender and Borrower.subject to the provisions ; �
<br /> of paragraph 11.Borrower's covenants and agreements shall be joint and several.Any Borrower who co-signs this Security
<br /> Instrument but does not execute the Note: (a)is cu-signing this Security lnstrument anly to mortgage,grant and convey � �'
<br /> that Borrower's interest in the Property under the terms of this Security lnstrument:(b)is not personally obligated to pay
<br /> u_�. .a c r .a � r _ .r.._., n a ��.
<br /> iu�adii'iS a.�uiCv�iS y iiiFS.�i.tvi�t y aiiaZiiitilciit;ailu�C/a�riCt�;}iat a.a:�uc:� an3 a�y cfl�i.i an'3Ff8Ci�i i�ioj w$iCa:tG�:nic:ias.
<br /> modify.forbear or make any accommodations with regard ro the terms of this Securily Instrument or the Note wittcoui "�"=
<br /> that Borrower's consent. '`
<br /> f2. Loan C6uges. If the loan secared by this Security Instrument is subject to a law which sets maximum EQan
<br /> ch3rges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected in `�
<br /> con�eetion with the loan exceed the permitted limeu,then: (a) any such laan charge shall be reduced by the amount
<br /> necessary to retluce the charg�to the permitted limit:and (b)any sums already collected Gom Borrower which exceeded
<br /> permitted limits will be refunded to Borrower. Lender may choo�e co make this rePund by reducing the principal ov���
<br />. under the Note ur by making a direct paymes►t to Borrower.If a refu�sd reduces principal,the reduction will be treated as a
<br /> partial prepayment without any prepayment charge under the Note. _
<br /> 13. Legislstion Affeeting Lender's Rights. If enactment or expiration of applicable laws has the effect of �
<br /> rendering any provision of the Note or this Security]nstrument urceaforceable ac�urding to its terms.Lender,at its option.
<br /> may require immediate payment in ful!af all sums secured by this Security lnstrument and may invoke any remecfies
<br /> permitted by paragraph 19. If Lender exercises this option. Lender shall take the steps specified in the second paragra�h uf ,�
<br /> garagraph 17.
<br /> 14. Notiees. Any notice to Borrower provided for in this Security lnsuument shall be given by delivering it or by ��°`
<br /> mailing it by first class mail unless applicable law requires use of another methad. The notice shall be directed to the ��3i�
<br /> Property Address or any other address BUrrower designates by notice to Lender. Any notice to Lender�hall be gicee�by .
<br /> first class mail to Lender's address stated herein or any other address Lender designates by nQtice to Borrower.Any tta[;:�.�
<br /> provided for in this Security Insttument shal]be deemed to itave been given to Bvrrower or Lender when given as pro�s�ed
<br /> in this paragraph.
<br /> 15. Governing La�v;Seversbility. This Srcurity instrument shall be govemed by federal law ar�cf ihe law of the
<br /> jurisdiction in which the Property is foqEed. ln the event that any provision or clause of this�Security Instrument or the �
<br /> Note conflicts with applicable law, such cos�flict shall not affect other provisions of this Security lnstrument or the Note
<br /> vvhich can be given effeci�rithoest ttte c�n�irtinS Rroc-ision.�'o thss end the pro�isioas of this Security Instsnment anc!the
<br /> Note are declared to be severable.
<br /> 16. Borrower's Copy. Borrower shall be given ane conformed copy of the Note and of thi�Security lnstrument.
<br /> 17. Tnnsfer of the Property or p Beneficial Interest in Borrower. If all or any part of the Property or any
<br /> interest in it is sold or transfened(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br /> person)without Lender's prior wristen consent,Lender may,at its option, reyuire immediate payment in full of all sum�
<br /> secured by this Seeurity Instrument. How�ever,this option sha11 not he exercised by l.ender �f'exercise is prohibited by
<br /> federal law as of the dateof this Security Instrument.
<br /> If Lender exercises this option,Lender shall give Borroa•er notice of accelerat��n.The notice shall provide a period ' �
<br /> af not less than 30 days from the date the nouce is delivered or mailed w•ithin wh�ch $orrc�w•er must pay all�ums secured by
<br /> this Security Instrument.lf Borrower failc to pay these sums prior to the expiration of thi�reriod. Lender may invnke any
<br /> remedies permitted by this Secunty Instturnent a•ithout farther not�ce nr demand an Eic�rrower.
<br /> 18. Borrower's Right to Reinsbte. If Borrower meets certain cond�tions, florrower tihall have the nght to havc
<br /> , enforcement of this Security in�trument d�scontmued at any time pri�r to the earl�er of:(a)5 d.iy�(or�uch�•ther pernxi a�
<br /> applicable !aK may spec�Cy for reimtatement)hefare sale c.f the Prnperty pur�uant �n any p�wrr��f�ale mntained in thi� �
<br /> L Seeunty Instrument; or(h>entry of a�udgment enforc�ng th�s Secur�ty In�trument �f hntie c�mdrt�cm+are that Nnrrou�er �
<br /> (a► pays Lendet all tiums whtch then wouid be due under thtt Secunty lmtrument and th� V��te hud nn acreleratum
<br /> ,. �ccurred; (bl currs any default �+f any c►ther cu�•enantti c�r �igreementti, t�i �:,yti all etpe�i�eti incurred in enf��rci�F thiti q.
<br /> Security fn�trument. inclu�ing, but ue�t lim�ted t��, teationahte c�tlt�tney�ti' fee�. :�n� 1�1 �al�r� �uch actinn ,iti 1 r�ider rn:i� �j
<br /> rea�nnahly rcyutrc tn 3�tiurc tnat the hen �f thi� Serunty [R�trumcnt, i,rncicr�. r�ghtti in thc Pr��r+rrtg .��ici H�yrrn«rr�� "'�
<br /> ��hhqat�nn tn pay �he �um< <e�urcci hy tni� Seeunt� In�trument �h,ill ���r�tmur un.h:�n(�ed i ��n iriri.t.►tcment h� � �
<br /> l�r,rrnu�r. th��5r�un1� In�trut��cnt ai�cf Ihc��hl��as�n����cc ure+f hrrch� �l�.�tl rcn�aic, fully �•fTr.ti.c,i� it n��.i��rlrr.iu�,n h.+�i
<br /> ,n:ur�cd N��ur��•r.thi�t�j�ii11�,re�n�latc�hali nnt .���rly �n th�•:,�.r,,f:i.�cf� r.�+i »�i ��it�; ��.ir.+E•�.i�,h. i��•r l'
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