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<br /> � If Lender required mortgagt insurAncr as a condition of makirt� the loun secured by this Sa;urity I��t�ument,
<br /> Borrawet shall pay the premiums reyuired ta maintain the insurance in effect until such time�the requirement for the
<br /> insurancc terminates in accordance with Horrawer's and Lender's written agreemerit or appticable IAw.
<br /> 8. Inspection. Lender or its agcnt may make reasonable entries upon and inspectians of'the Property. Lender
<br /> shall give Horrower notice at the time of'ar prior to an inspcction sptcifying rcasonable cause for the inspection.
<br /> 9. Candemnation. The proceeds of any award or claim for damuge.4,direct or consequential.in connection with
<br /> any condemnation or other taking of any pan of'the Property. or for canveyance in lieu of cond�mnatian, are hereby
<br /> assigned and shall be paid to Lender. �
<br /> In the event of a total taking oP the Property. the proceeds shall be applied ta the sums secured by this Security
<br /> ; Instrument,whether or not then due.with any excess paid ta Borrower. ln the event af a partial taking oP the Property.
<br /> , unless Bonower and Lender otherwise�gree in writing,the sums secured by this Security Instrumcnt shall be reduced by
<br /> the amount of the proceeds multiplied by the following fractIon: (a) the total amount of'the sums secured immediately
<br /> ' before thc taking,divided by(b)the fair market value ot'the Property immediately befote the taking.Any balance shall be
<br /> paid to Bonower.
<br /> ]f the Property is abandoned by Borrower.or if,after notice by Lender to Borrower that the candemnor 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,Lender is suthorizecl to collect and apply the proceeds,at its option.either to restoration or repair of the Property ar
<br /> to the sums secured by this Security Instrument,whether or not then due.
<br /> Unlas Lender and Borrower otherwise agrce in writing,any application of'proceeds to principal shall not extend or
<br /> postponc tQ�e due date of the monthly payments refened to in paragraphs I and 2 or change thc amount of'such payrnents. �
<br /> lU. Borrower Not Released; Forbearance By I.ender Not a Waiver. Extension of the time for payment or
<br /> modification of amoranzation of the sums secured by this Security lnstrument granted by Lender to any succe.ssor in
<br /> interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br /> Lender shall not be required to commence proceedings against any successar in interest or refuse to extend time for
<br /> payment or otherwise modify amortization of the sums secnred 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 nat be a waiver o�or preclude the exercise of any right or remedy. .
<br /> 11. Suecesaors�ad Aasigns Bound;Joint and Severd Liabiltty;Co-signers. The covenants and agreements of
<br /> . this Security lnstrument shall bind and benefit the successors and assigns of Lender and Borrower,subject to the provisions
<br /> • of paragraph 17.Horrower's covenants and agreements shall be joint and several.Any Borrower who casigns this Security , :
<br /> � Instrument but does not execute the Note:(a)is casigning this Security Instrument only to mortgage,grant and convey ,
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<br /> t�So��GITltT'titS S iTw3w�1�2��.a Ta'�"3Y j'i3iiC3�.T u��i�iiilb v�taub�a�.vLfis}'aiiStiililia.iit;tl'ij iS iiat}�a,iSvliajjj�8�3jf$ati.ti'ta�ynji ._�_—
<br /> ' the sums secured by this Security Instrument;and(c)agrees that Lender 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 Borrower's consent. .
<br /> 12. Los�n C1iarRes. If the loan secured by this Security Instrument is subject to a law which sets maximum laan -
<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 excoed the permitted limits, then: (a) any such Ioan charge shall be reduced by the amount
<br /> necessary to reduce the charge to the permitted limit;and(b)any sums already colleeted from Bonower which exceeded -
<br /> . permitted limits will be refunded to Bonower. Lender may choose to make this refund by reducing the prineipal owed
<br /> nnder the Note or by making a direct payment to Borrower.If a refund reduces principal,the reduction will be treated as a
<br /> ; partial psepayment without any prepayment charge under the Note. _
<br /> 13. I.eglatatlon Aftecting I.ende�'s Rights. 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,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 Lender exercises 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 Security Instrument shall be given by delivering it or by �:—�_
<br /> mailing it by first class mail unless applicable !aw requires use of another method. The notice shall be directed to the
<br /> ' Propert�Address or any other address Borrower designates by notice to I.ender. 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.Ahy notice ,
<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 /> , 1S. Goventing.Iaw;5e�erability. This Security Instrument shall be governed by federal law and the law of the
<br /> jurisdiction in which ihe Property is located. In the event that any provision or clause of this Security Instrument or the
<br /> ' Note conflicts with applicable la�v,such conSict stsall nat affect other provisians of this Sccurity Instrument or the Noic
<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. Bonower's Cflpy. Borrower shatt be given one conformed copy of the Note and of this Security Instrumen:.
<br /> 17. Transfer o!the Property or a BeneBcial lnterest in Borrower. If aJl or any part of the Property or any
<br /> interest in it is sold or transferred(or if a beneficial interest'sn Borrower is sold or transferred and Borrower is not a natural
<br /> person)without Lender's prior written consent, Lender may,at its option,reyuire imrnediate payment in full of all sums
<br /> secured by ihis Security lnstrument. However. this option shall not be exercised by Lender if exercise is prohibited lsy
<br /> � federal law as of the date of'this Security lnstrument. ' - ---
<br /> If Lender exercises this opiion,I.ender shall give Borrower notice of acceleration.The notice shall provicfe a period �
<br /> of noi less than 30 days from the date the notice is delivered or mailed within which$orrower must pay all cnms secured by
<br /> � this Security Instrument.lf Borrower fails to pay these sums prior to the expiration of'this period,L,�nder may invoke any
<br /> remedies permitted by this Security Instrument without further nosice or demand on Borrower. � _
<br /> 18.Borrower's Rlght to Reitistate. If Borrower meets certain conditinns, Borrower shall have the right to have
<br /> enPorcement of this Security Instrument discontinued at any time prior to the earlier of:(a)5 days(or such other period as x
<br /> L applicable law may spec�fy for reinstatement)before sale oP the Property purs�ant ta any �wer of sale contained in this
<br /> Security Insifument;or(b)entry of a judgment enforcing this Sreurity(nstrument.7hose conditions are that Borroa•er:
<br /> (A) pays Lxnder all sums which Ihen would be due under this Security� Inttrument and the Note had ne� acceleration ^
<br /> t�ccurred; (b) cures any default af any��ther cvvenants or agreementti; (c1 pays all expentiec incurred in cnfc�rcing thic 40
<br /> Secunly instrument, inciuding, hut not limited lo, reationabie attc>rnry�' fee�: and Id) take� such �ch�m as Lcnder may t�y
<br /> reasonably rcyuire tn as�ure that thc l�en �f thi� Serunty Instrumem. I.ender'� right� �n thr {'r��perty and H��rrc�wcr'ti �� 1°"
<br /> ��bhgatir�n t�i ray Ihe tium� tiecuted hy thts �ecunty Inrtrument �hall c�+ntmuL unch,inNed 1'rnr� re�nstatenu•�it hy r� �
<br /> = Hnrn�wer,thi�Se�unt� Imtrurnent u�id thr nhliganun�aerured hereh� tihall remam fully rfferl��c:i�if n��:i�celeratinn h�u1
<br /> _--'" n�rurred H�,w��tier.th��right t�r rein�l:ite�hall ni,1 apply uz the c.►�e nf accricr.�lu,n uniler rara�:r.��,h. !;n� 1�
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