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<br /> � IP Leuder tequiredymortgagr insucance As a �ondition of making the loan secured by this Security Instrument.
<br /> &,rruwcr shall,p�r th�p��i�r�s,�equired ta maintain the insurunce in effect until such time as the requirement Por the
<br /> insurance term tes in aaeorda��iih Borrower's and Lender's written agreement or applicable law.
<br /> 8, Ies�tfw�.' i;e�de�r�it�jent may makc reasonable entries upon and inspections of'the Prepeny. Lender
<br /> chall give Bortowe'r�oti�e At th�e f�r�e o�ar�prior to an inspection specifying reasanable cause for the inspectian.
<br /> 9. Condemnation. The proceeds of any award or claim for damages,direct or consequential,in connection with
<br /> any condemnation or other taking af any part of thz Property, or far conveyance i� lieu of candemnation,are hereby
<br /> assigned and shall be paid to Lender.
<br /> ln the event of a total taking of the Property, the pr�xeeds shall be applied to the sums secured by this Security
<br /> Instrument,whether or not then due.with any excess paid to Borrower. In the event oP a partial taking aP the P�aperty,
<br /> � unless Bottower and Lendar otherwise agree in writing,the sums secured by this Security Instrument shall be reduced by
<br /> ' the amount of the praceeds multiplied by the follawing 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 thc taking.Any balpnce shall be
<br /> i paid to Borrower.
<br /> � If'the Property is abandoned by Honower,or if,after notice by Lender to Borra�wer that the condemnor offers to
<br /> make an award or settle a claim for damages,Borrower fails to respond to Lender wit�saa�:.fi2 dpys afcer ihe date��e notice is •
<br /> given,Lender is authorized to collec:and apply the proceeds.at its optiac�,eether to rec���ra¢eocr Qc�e��zPcx6a�ae�'a��perty vr
<br /> Zo the sums secured by t��s Securita�InserumeFne,�►�,ether or�c�e tl�eee dr�e. �
<br /> Unless Lendet ar.��HenoRes as3��rwise agree in wricice�,a��-a�nrli:.a�i�.�+n of pro�e�ds to pri�aci�a!s�all not extend or.
<br /> : � �postpone the due date oE�'he im��tl�Dy�syments referred to ic��ra�raphs T and�or cl5a���the amaunt of sueh pa��me�ts. , .
<br /> • 10. Borrose� `at Releas+e��.Forbearance By Leeder �ot a��suver. Extensivn of the time for pa}ment ar �
<br /> ��; modification of amorti�ation oP t�ie s�ms secured by this Security Instrument granted by Lender to any successor in �
<br /> l interest aF Bonower shaQ3 not operate to release the liabilit�•of the original Borrower or Borrower's successors in interest.
<br /> , Lender shall not be required to commenee pra.eedings against any successor in interest or refuse to extend time for
<br /> payment or otherwiso modify amortization aFthe sums secured by this Security Instrument by reason af any demand made
<br /> Dy the original Borrower or Bonower's successars in interest.Any forbearance by Lender in exercising any right or remedy
<br /> ! shall not be a waiver of or preclude the exercise of any right or remedy.
<br /> I 11. Succeswr�and Asalgns Bound;JoInt and Several Llability;Casigners. The covenants and agreements af � �
<br /> , this Security lnstrument shall bind and beneflt the successors and assigns af Lender and 13orrower,subject to the provisians
<br /> of paragraph 17.Bonower's covenants and agreements shall be joint and several.Any Sorrawer who casigns this Security
<br /> Instrument but does not execute the Note:(a)is co•signing this Security Instrumeat anly to mortguge,grunt ond convey
<br /> that Horrower's interest in the Property under the terms of this Sccurity Instrument;(b)is not persnnally obligated to pay � �:r
<br /> th:�i:�:.s�cui�3 Ssy i;��mu�:ty i�i;i��i�ei�i;aiiu(ci++grccs iirui i.cn3er anci any oiher$orrawer may aArce tv exten�. :. _
<br /> • modify. forbear ar make any accommodations with regard to the terms of ihis Security Instrument or the Note without
<br /> that Borrower's consent.
<br /> 12. I.oan Ch�rges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan �
<br /> ! charges. and that law is Rnally interpreted so that the interest or other loan charges collected or to be colleeted in
<br /> ; connection with the loan exceed 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 sums already coltected i'rom Borrower which exceeded ';-_
<br /> ' permitted limits wil)be refunded to Borrower. I.ender 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. LegiislAtion Atiecting Lender's Righty, If enactment or expiration of applicable laws has the effect of
<br /> " : rendering any provision of the Note or this Security Instrument unenforceable according to its terms,L.ender,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 Lender eaercises this option,Lender shall take the steps specified in the second paragraph of
<br /> , paragraph 17. .
<br /> ; 14. Notiees. Any notice to Borrower provided for in this Securit�•Instrument shall be 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 I.ender 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 Horrower or I..ender when given as provided _
<br />: , in this paragraph.
<br /> 15. Governing Law;Seversbllity. This Security Instrument shall be governed by 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 Insirument or the
<br /> . Note conflicts with applicable law, such conflict shall not affect oiher provisions of this Security instrument or the Note
<br /> which can be giver etfact withosst the caaSiciing pravis'son.To this end the provisions of ti�is Security Instrument and the
<br /> • ' Nate are declated to be severable.
<br /> � 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> • 17. Transfer of the Property or a Benefici�l Interest in Borrower, lf all or any part 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 Borrawer is not a natural
<br /> person)without Lender s prior written consent, Lender may,at its option, require immediate payment in full of all sums
<br /> secured by this Security lnstrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br /> federal 1aw as of the date of this Security Instrument. ,_____,-_-_
<br /> lf Lender exercises this option,Lender shalt give Borrower notice of acceleration.The notice shall provide a period •
<br /> of not less t�an 30 days from the date the notice ig delivered or mailed within which Borrawer must pay all cums secured by
<br /> this Secur.¢y Instrument. If Borrower faiis to pay these sums prior to the expiration of this period,Lender may invoke any �
<br /> cemedies permitted by ahis Security lnstrumeret�without further rtotice or deenand on Borrower. �.
<br /> l8.Bono�►er's Right to Reinstate. jf Bmrrower meets certain corsditions,Borrower shalf have the nght to have
<br /> enforcemeat oP this 5ecur�ty Instrument discontinued at uny time prior to the earlier af:(a)5 days(or such other period as �
<br /> applicabie law•may specify for reinstatement) before saie of the Property pursuant t�any��ower of sale cosstaiaed in this
<br /> � Security lnstrument:or(b)eniry of a judgment enforcing this Security lnstrument. 'i'hose cnnditi�ns arr that Borrower:
<br /> (a) pays Lender all sums which then would be due under this Securiry Instrument and the '�iote had no Acceler�tivn
<br /> occurred; (b)cures any default of any other covenants or agreements; (c) pay� all ex{�ense� incurred in enforcing this ~
<br /> 5ecurity Instrument, inrluding, but not l�mited to, reasonable attorncys' fee�; and(d) takrti tiuch act�un a� Lender may �
<br /> rrawnabiy reyuire tr� assure that the l�en of th�s Security Instrument, Len.:er'ti nghts m the Prc�perty and Bnrrixver'� �� ' •�
<br /> obligatum to pay the tiums tiecurrd by this Security Instrument tihall r�mtinue unchanged l�pnn reiiislc�ten�cnt by �-� �
<br /> Eiarruwer,th�ti ticcunty Intitrumrnt and the of�hgaUont aecured hrrch� shall rcm�un fuUy cflecuve a�if n��acrelrt.itu�n h.�d
<br /> �KCUrrcd N�,ac�cr,th�ti r�gM tc�re�ntitate tihall nc,t appiy in thc ca�c��f ac�cicratmn undt�r�,:�r,i�;raph� I t�,i 17
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