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<br /> � IF Lendcr rcquircd mortgagc iasurancc as a condition�f maRing the loan secured by tfiis Security lnstrument,
<br /> Borrow�r shall pay the prcmiums rcquir�d to maintain the insurAnce in cffect until such time as the requirement for the
<br /> insurAnce tern�i��ater in accardance with liorrower's and Lencler's written agreement or Applicable law.
<br /> 8, ia�pection. l..ender or its agent may make reusanable cntries upan and lnspections oP the Praperty. I.endcr
<br /> ahall give Aorrower notice at the time af ar prior ta nn inspection specifying reasanable cause for the inspectian.
<br /> 9. Condemnatiun. The pruceeds of any award or claim f:�r dpmages.direct or cansequential,in connectian with
<br /> any condemnation ar ath�er tuking aP an�• pnrt af the Property, or Par cameyance in lieu of candemiiatian,arc hereby
<br /> usigned und shall be paid to Lender.
<br /> ln the event os a totai taking of the Property, !he procecds shall be applied to the sums secured by this Security
<br /> Instrument. whcther or not then due,with uny excess paid to Borrower. In the event of a partiul taking af the Property.
<br /> � unless Borrower and I.ender otherwise agree in writing,the sums secured by this Security Instrument shalt be reduced by
<br /> , the umount of the proceeds multlplied by the following i'raction: (a)the total amount of'the sums secured immediately
<br /> before Ihe taking,divided by(b)ttte fair market value n1'the Praperty immediately before the taking.Any balance shall be
<br /> paid to Borrower.
<br /> if the Propeny is abandoned by Bonower,ar if,after natice by Lee�der to Borrower that the condemnor offers to
<br /> make an award or setile u claim for damages,Barrower fails to respand to Lender within 30 days after the date the notice is
<br /> � given.Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair of the Prflperty ar
<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 /> � pastpone the due date af the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 10. 8on�owe� Not Relased; Fo�6e�nce Hy I.ender Not a Waive�. Extension of'the time for payment or
<br /> . modification of amortizatian of the snms secured by this Security lnstrument granted by Lender to any successor in
<br /> interest of Borrowcr shaU not operate to release the liability af the original Borrower or Borrower's successors in interest.
<br /> . Lender shall not be roquired to commence proceedings against any successor in interest or refuse to extend time for
<br /> payn�ent 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 . �
<br /> � shall not be a waiver of or preclude the exercise oPany right or remed��. �
<br /> 1 i. Succeasore and Assigas Bound;Jolnt and Several Ltabilhy;Co•signers. The covenants and agreements of r �
<br /> f this Security Instrument shall bind and beneflt the successors and a.tisigns of Lender and Bonower,subject to the provisions -
<br /> � of paragraph 17.Borrower's covenants and agreements shall be joint and several.Any Borrower who casigns this Security ' �.
<br /> ; Instr�ment but does not eaecutc the Note:(a)is co-signing this Security Instrument only to mortgage,grant and convey � �,•�y
<br /> .. : that Anrenyurr'c jnt�rrct in thr Ptnrw!�v nntlr£th�t�rsna nf thic CP�nritv lnc�rnmrr�t;(hl�c�nt Fgrcnnally�hli�atetl tt�nay � ^�!�'"
<br /> the sums securod by this Security Instrument; and(c)agroes that l.ender and any other Borrower may agree to extend,
<br /> modify,forbear or.make any accommodations with regard to the terms of this Security Instrument or the Note without _,
<br /> that Borraa�ee's consent.
<br /> � 12. Loan C6arges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan .
<br /> chaiges, and that law is finally interpreted so that the interest or�ather loan charges collected or to be collected in � ,
<br /> connection vrith the loan eaceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount -
<br /> necessary to reduce the charge to the permitted limit;and(b)any swns already collected from Borrower which exceeded �_
<br /> i 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 Borrov�er.If a refund reduces psincipal,the reduction wi11 be treated as a
<br /> partial prepayment without any prepayment charge under the Note.
<br /> 13. Legislation ARecting I.ender's Rlghts. 1f enactment or expiration of applicable laws has the effect of
<br /> � rendering any proyision of the Note or this Security Instrument unenforceable according to ita terms,Lender.at its option,
<br /> ? may require irritriediate payment in futl of afl sums secured by this Security Instrument and may invoke any remedies �
<br /> � permitted by paragraph 19.IP Lender exercises this option,Lender shall take the steps specified in the second paragraph of
<br /> � paragraph 17. �?+,��.
<br /> 1 14. Notlees. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by ��.
<br /> � mailing it by fiast class mail unless applicable law requires use of another method. The notice sha11 be directed to the �,,�'"
<br /> , Property Address or any other address Borrower designates by notice to L.ender. Any notic�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 �
<br /> provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided '.
<br /> i in this paragraph.
<br /> � �5. Governing I.aw;Seve�ability. This Security lnstrument shall be governed b}federal law 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 /> . Nate conflicts with applicable 1aw, such conflict shafl not affect other provisions of this Security instrument or the Note
<br />•� • which can be given effect without the conflicting prav3�ion.To this end the provisions o}'this Security InsErc�ment and the
<br /> 1�'ote are declared to be severable. ,
<br /> 16. Borruwer's Copy. $orrower shall be given one confoFmed copy of the Note and of this Security Instrument.
<br /> 17. Tr�nster ot the Property or a Beneficial lnterest I�t Bo�rowes. If all or any pari of the Property or any
<br /> interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is n�t a natural
<br /> . persan)without Lender's.prior written consent,Lender may,at its option, requiFe immediate payment in full of all sums
<br /> secured by this Security In�trument. However. this option shall not be exercised by l.ender if exercise is prahibitcd b�• ___ ___
<br /> federal law as af the date of this Security°(nstrument. ;
<br /> If'Lender exercises this option,I.ender shall give gorrower notice of acceleration.She noticc�hall provide:i period
<br /> of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay aU sums�ecured by '
<br /> this Security Instrument. If Borrower fails to pay these sums prior to the expirati�n of thiy period.1_cnde:may inviike any • i
<br /> remedies permiEted by this Security Instrument without further nutire ar demand on Liorroa�er.
<br /> 18.$orroK•er's Right to Reinstate. 1P Borrower mects certain condition5, }iorrawcr�ha:l ha�•c thc ri�;ht tc� hacr �
<br /> enforcement of this Security lustru�rirnt di�cuntinued at any�Iime prior tn tfic earlier nf:(a)5 d:�}�(i�r tiuch c�ifier prne�d�ti
<br /> L :�pplicabl�law may�specify for reinstatemc.�t)hefore tiale of the Pr<�perty purtiuunt tc�any roa�rr nf salc cnntaincd �n thiti
<br /> 5ecuruy Intitrumec�t:or ib)entry of a judgment enforcing this Sccurity Inctrumrnt. 7�h�xe ccmditi�m�a�r that Iinrr��ue�.
<br /> (a) pays L,cnder all �ums which then wnuid be duc und�:r this Secunty Instrus,ient and thc :V��tr had nc� �irrcler:iurni h�
<br /> ��ccurre<i. th�e��re� any ciefau{t af t�ny nthrr rc,►•enant� �,r :igreemcnt�: (rl pays aU e+�,�r:�-�� inruncd tn enCnriin�: U�i, �
<br /> 5ecurrt} lntitrumrnt, �ti�•le�d�n�;, hut �1t�t limited tn. rea:t�nabl�:�ttixfiey�ti' f�rti, :�nd (c11 ;�x�� �.::,h ;ictu�n a, l rn�trr m:i�. , '
<br /> re��tun�ihly rcyinrc t« .eti�urc th,�t thc Gcn �,f tht� Secunty Intitrun�cnl. 1 ender'ti n};htti iri tiu• 1'r���rrty :ind 13�,nrn+ri . �� �
<br /> uhl�E:ah�tin t�� �.�v the �urnti �c•rurcd hy tht� Sccurtly Intiltumcnt �}�:�I� <<,nln�iic un:h:uip�ri! 1 ,�� :. rc�n.l,ucvnr��� h�
<br /> li„rrnucr.thtti4ccurrtF lntitruntcnt .m�llhcr�hli};atiur�ti�cu�rc•.lhcrcht tih�lf r�m.uufull� rflc��In�•.i.ii n��,,,�cl�r.�i��m h.ul
<br /> ���curre<1 ft��wc�rr.thi�ri�hl 1<�tt'�r�til<ile�ha�ll n�rt�t�,�,lr �n tlu•�.��r��I,��:r4•i��n��u un�i��i �+.��.:;•r.���h. :x n� f�
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