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<br /> �' ��' 106415
<br /> If Lender required mortgage insurance as a condltion of making tha lc�en �ured by this Securlty Instrunnent}
<br /> $orrower shall pay the preraiums teyuired ta malntain the insuranct in etfe�t until such tlnie as the requiremtnt for the
<br /> insurance termin�tes in Accordance with Borrower'�and Lender's written agreement or applleable law.
<br /> 8. Iuspectloe. Lendar or its agent may make re�sonable entries upon and inspectians of the Praperty. I.�nder
<br /> shall give Borrower notice at the time of or prior to an inspection specifyring reasonable cause for the inspection.
<br /> 9. Co�demeatioa. The proceeds of any sward or claim for d�magp.direct or consequential,in conneetian with
<br /> any condemnation or other taking of any pnrt of the Property, or for convtyance in lieu of condemnateo�a,are hereby
<br /> � assigned and shall bc paid to I.ender.
<br /> � ln the evcnc of a total taking of the Property, the pmceeds s1aa�be applied to the sums secwed by shis Secw"a�gr �•
<br /> Instruaeent�whether ar not thea�e�ue, with any excess ps�J 2o Botrowe�c In the event of a partial taking�f x'�e Property.
<br /> L�t�1B�armvve:s.��'La�- si:r�:l:�.*wise agret in�s�ri:�,tu:su�ns s..�cur�'by t�is�ecuriry lnstrnment shaE@�reduc�d hy
<br /> � the a�ount of the praceeda rnultiplied by ttne�ollcawing frariian:(a)the total anae�unt of the sums securcd immediately
<br /> � before the taking,divra�td by(�)the fair maak,e��atuee of the Propercy aaamzediately before the taking.Any balance shall be
<br /> ; paid to Borrower.
<br /> � If the Property is abandoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to
<br /> make an award or settle a claim for damages,Borrower fails to respond to I.ender within 30 days adter the date the notice is
<br /> I given,Lender is authorizad to collect and apply the proceeds,at its option,either to restoration or repair of the Property or
<br /> to the sums secured by this Security Instrument,whether or not then due.
<br /> Unless Lender and Borrower otherwise sgra in writing,any applicatian of praceeds to principal shall not extend or
<br /> postpone the due date of thc monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 10. Borrowe� Not Relea�al; Forbarance By Lender Not a Wal�er. Eatcnsion of the time for payment or
<br /> modi8cation of amartiution of the sums secured by this Security lnstrument grs�nted by Lender to any successor in
<br /> interest af Borrower shall not opemte to release the liability of the original Borrower or Borrower's succasors in interest.
<br /> Lender shall not be required to commena praceedings against any successor in interest ar refuse to extend time for
<br /> psyment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br /> by the originsl Borrower or Bonower's successors in interest.Any forbearance by Lender in eaercising any right or remedy
<br /> ' shall not be a waiver of or preclude the eaercise of any right or remedy. � `
<br /> � 11. Snccawrs and Asrt�Bound;Joiat and Se�enl Liability;Casigners. The covenants and agramenu of � �
<br /> i this Security Instrument shall bind and beneflt the successors snd assigns of Lender and Horrower,subject to the provisions , :._;:
<br /> I of paragraph 17.Borrower's covenants and atttaments shall be joint and several.Any Borrower who co-signs this Security �. � _
<br /> � Instrumcnt but does not execute tise Nole:(a)is co-sigei:qg this Security Instrument only to mortgage,grant and convey �-_�i
<br /> � that Bonower's interest in the Property under the terms oFr�his Security Instrnment;(b)is not personally obligatc�to pay - -
<br /> the sums secured by this Security Insuument;and(c)agas that I.ender and any other Borrowcr may agree to extend, =
<br /> ' madify,forbear or make any accommodatioeis with regard to the terms of this Security Instrument or the Note withont -
<br /> that Borrowu's consent. -
<br /> . 12. Loan C6uges. If tF:e loan secured by thss Security Instrument is sae&ject to a law which sets caeaximum loan :
<br /> charges, and that law is finally interpreted so that tine inurest os other loan c6arges wllxted or to be collected in '
<br /> � connxtion with the loan excad the permitted limits, then: (a)aze�s sueh loan charge shall be reduced by the amount __
<br /> ; necessary to reduce the chazge to the permitted limit;a�d(b)any surrss already collected from Borrower which excxded
<br /> permicted limits will be refunded to Bonower. Lendea cetay choose to make this refund by reducing the prine'spal owed
<br /> ! under ahe Note or by making a direct payment to Bonm�es:If a refund reduces principal,the reduction will.be treated as a
<br /> ' partial prepayment without any prepayment charge ander the Note.
<br /> ± 13. Legislatloe Aliecting Lender's Rig6b. If enactment or eapiration of applis:able laws has the effxt of
<br /> rendering any provision of the Note or this Security Instrument unenforceable according to its terms.Lender.at its option, + ,
<br /> ' may roquire immediate payment in full of all sums secured by this Socurity 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 � t,�,
<br /> � paragraph 17. ;,-=:
<br /> 14. Nottces. Any notice to Borrower providod for in this Secwity Instrument shall be give�by delivering it or by i:.�;��
<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 L.ender shall be given by ,
<br /> first class mail to Lender's address stated herein or any other address Lender d�signates by notice to Borrower.Any notice _. -
<br /> provided for in this Security Instrumtnt shall be damed to have ban given to I3orrower or I,ender when given as provided
<br /> in this paragraph.
<br /> 15. Govtrning Law;Sevtrabiilty. This Security Instrument shall be governed by federal!aw and the law of the
<br /> jurisdiction in which the Property is locatod. ln the event that any provision or clause of this Security Instrument 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 Seeurity Instrument and the
<br /> ' Note are dxlared to be severable.
<br /> 16. BorroNer's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> , 17. Translsr o!the Yroperty or a HeneBcisil Interest In Bonower. If all or any pan 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 Horrower is not a natural
<br /> person)without Lendcr's prior written consent.Lender may,at its option,require immediate paymeni in full of all sums
<br /> secured by this Security Instrunsent. H�wever, this option shall not be exercised by Lender if exercise is prohibited by =_ -----
<br /> federal law as of the date of this Security lnstrument. '
<br /> If I.ender exercises this option,l.ender shall give Barrawer notice of acceleration.The notice shali provide a period .
<br />� of not tess than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by , •
<br />. this Security Instrument.If Bonower fails to pay these sums prior to the.expiration of this period. Lender may invoke any �
<br /> � rtmedies permitted by this Security Instrument without further notice or demand on Borrower.
<br /> 18.Borrowe�'s RIght to Reinstate. If Barrower meets certain canditions. Borrower shall have the right to have
<br />, i enforcement of this Security�nstrument discontinued at any time prior to the earlier of:(a)5 days(or such other period as
<br /> L applicable(aw may specify for reinstatement)befare sale of the Property pursuant to any power of tiale contained in this
<br /> Security instrument;or(b)entry of a judgment enforcing this Security Iristrument. Those conditians are that Borrower:
<br />_ (a) pays l.ender aU sums which then would be due under this Security Instrument und the Note had n� arceleration �"
<br /> �ccurred; (h)cures any default of any other covEnants ot agreemcnts; (c) pays all expenses incurred m enf�remg th�� �
<br /> Security lnstrument, induding, but not lim�ted to, reasonable altotneyti fee5; and (d)tukey such acU��n a� l.ender mt�y r' �
<br />' rcasnnahiy rcyu�rc to assure thr�t the lien of this 5ecurity Instrument, l.ender'� riFht� in thc {'roperty and }i��rr��wcr'� r- °
<br />' nbligation to pay the tiums ucuteJ by this 5ecunly Intitrument �ht�ll c��riUnue unchar►ged l`r��u re�mtatement h}
<br />' Ratt��wer.thi�Security In�irumem ant!the obligations tiecured hereby tihali remam fully eflccuor a�if m�acccleratum h.�d
<br /> �r.�urset! !l:,:•.c4rr.!ta::s:gh!:u:ein�las�;F.;li nat 7�;�:ly ia�she�a�•.i,��rkra.a:trti tcr,.irr,..:r:;;;,o:�rh�, 1�:,s 1'
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