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<br /> ' � If i.ender aquircd mort�aQe insunnce as a condition of making the loan secuad by this Security �n�trument, `"��•�.;;�-=tir
<br /> � • Borrower shdl p�y the premiums required to maintain�he insur�nce in eflcct until iuch tima�s the roquiremmt for the . , � •
<br /> . � inwrana termin�tes inaccord�nce wit6 Borrower's u�d Lrnder's written a�rament or applicable I�w. . . ��
<br /> � 8, laspiacdon. Lender or its agent m�y mdce ra�sonable entries upon �nd inspoctians of the Property, l.ender __;:,,•��,F�„�„
<br /> sbdl�ive Borrower notice�t the time of or prior to an m�pection specifying reaco�pble cAUCe far the inspectian. �. ' • .. .::
<br /> • 9, Cowde�uttMon. The procads of any aw�nl or cl�im for d�mpga.dirxt or consoquemial,in connection with , _,� ' `�°'"����
<br /> .y _���.�o:
<br /> amy condemn�tion or other taking of�ny part of the Propeny,or for conveyance in lieu of condemmtion,ue hereby _ �"i�''u:'•_
<br />- - � aui�ned�nd sdraU be p�id to Lrnder. � � .�':;��"'"���`-
<br /> la tAe event of x tota!taking oP the Property. the proceeds shall be applied to the sums sec�u+ed by this Security
<br /> ' ' �nt,trun�nt,�vhether or tqt thm due,aith any eaass paid to Borrower. ln the ave�t oPa partia[t�ing of cDie PcopenY.
<br /> tu�less Borrowe�Ane1 Lender otherwise agra in writing,the swns secured by this Security lnstru�ment shslE be�ed�crcod by
<br /> ' ,}y�'.'S t6e amount of the proceeds multiplied ey tAe following Practian:(a)the total amount of'the sum+secured immediate�y � •
<br /> �,,.�-f;y:;.;�3 bePorc tlie t�ilcing,divlded by(b)the fai�muket value of the Property immediately before tAe takcmg.Any b�lance sluiti be
<br /> , ,�'�'�';i:a:•� P�d to Borrower.
<br /> �•r-'�t��"'^ ••€�'' IP the Property is abandoned by Borrower.or iC�f'ter notice by[.ender ta Borrower tha¢ thr condemaor offers to
<br /> ;:,�".�t �. a,� , .
<br /> �Y.:,:���_�:•.�; make an awvrd or settk a claim for damages,Borroaer fiils to respond to Lender within 30 days a9'ter the date the aotice is �. .
<br /> '.�f;;;��iF' •, ' given,Lender is�utho�ta colkct and�pply the proceeds,at its option.either to restoration or repair of the Property or ., .
<br /> ' '�'��������� �`° to the sums secured by thu Security Instrumenb whether or not then due. �� �� "� •
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<br /> •;.1•,..�,t,u. .• . Unlxss l,ender�nd Borrower otheraise a ra in writin ,an a lication of roceeds t�+ ri nci 1 ihall nat extrnd or ';'t�,:,.,.:.;•..;,..,•..;
<br /> ''��1�'���'`' :�'``' t ne!he d ue date of tha monthly pnyments referced to in paragraphs 1 and 2 or change ihe amaun�oi such payments. ��'���-,;;:.�:::.,,�r�-:;
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<br /> .,���,`:'.;�,�;:;;��e;�� 10. Ho�ower Not Rekased; Forbearmce By l.eader Not a Waiar. Extension oi the time ior payment or ;�;,,,:, ��_��;•",
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<br /> ��.,�,:,,;i,;;•. mndise�tion of imarlizatian oF tbe sums secured by this Security Instrument granted by Lender w any successor in � ,•
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<br /> "'k.t�;;`�/,t;,'s)f;'���••: intercat of Borroaer shall nat operate to«lease the l�ability oithe original Borrower or Borro�•es's successors in interest. ���� ''���-
<br /> , �':�:;'; Lender shdl not be«quired to commence proceedings sgainst any successor in interest or refuse to extend time for �� ''�
<br /> •�'• ` payment or otberwise modify�mortization oF the suma securod by this Security Instrument by reason of pny demand made �
<br /> by the original Borcoaer or Borrower's successors in interest.Any forbwrance by Lender in esercising any righl or remedy � � ,
<br /> � �, shall not be a weiver ofbr prxclude tbe exercise of any right or remedy. .
<br /> ' 11. Sncceuon and Md�n Bowid;Jofat�nd Sevenl Liability;Co-si�nners. The covenants And agraments of �
<br /> .• thls Seeurity lnatrument ahall bind and beneflt the successors nnd assigns of l.ender and Borrower,subject to the provisions
<br /> , , af patagraph 17,Borrower's covenants and agreements shall be joint and several.Any Barrower who casigns thie Socurity �,;,� ,
<br /> -��: inatrument buc does noi esecute thc Nute,(aj is co-signing ilsis Sxurity lnstrument only t�mnrtg���,g�an�and convey � . ''�:.
<br /> � ' �'': .�
<br /> � ihat Horrower's interat in the Property under the terms of this Security Instrumcnt;(b)is nut personally obligated to pay • . ,
<br /> ' the sums stcurod by this Security Instrumenr and(c)agras that Lender and any other Bonower may ag�ee to extend, �, ;:,ti . .
<br /> '' �;� • �� „ madify,forbear or m�ke n iy�ccommodations with regard to the terms af this Secunty Instrument or the Notr without , . •
<br /> ', that Borrower'sconsent. �'' �
<br /> . 12, i,oan ChorQa. If the toan secured by this Securiry lnstrument is subject to a law which sets maaimum loan . �;•,.•;
<br /> . ehuges, and that law is flnally interpreted w thet the interest or other loa� charga capreted or to be collected in ; ,
<br /> connxtion with the loan c acad the permittod limits,then:(a)uny such loan charge sball be reduced by the amount . � ,
<br /> necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Bcxrower which exceeded
<br /> permitte�limits will be refunded to Borrower. L.ender may choose to make this refunJ by reducing the principal owed .
<br /> ' • under the Note or by making a dircct payment to Borrower.If a refund reduces pnncipal,the reduction will be treated as a !
<br /> parti�l prepeyment withaut any propayment charge under the No�t• '..
<br /> 13. I.e�lstton AlfectieQ Leader's Rtahd. If enactmem or cxpiration of applicable laws has ihe eSect of ,y ,
<br /> ', rendering any provision of the Note or this Security lastrument unenParceable according tn its terms.l.ender,s►1 its opnon. , - .
<br /> mny require immedi�te payment in fuU af a11 sums secured by this Security instrument and may invole nny remediet .
<br /> permitled by par�grapl� 19.if Lender exereises this option,Lender shall take the s�eps Sptcified in the second paragraph of �,� .
<br /> ' paraQraph 17.
<br /> ' 14. Notkes. Any notice to Bo�rower provided for in this Security Instrument shall hc given by delivenng it or by �
<br /> ,��;;.� • mailing it by first closs mail unless applicable law requires use oP another method. 7 he notice shall be directed to the ��,
<br /> Property Addras or any other address Borrower designates by notice to Lender.Any notice to Lender shnll be given by �
<br /> "'� 8rat cla4s mail to I.ender's address steted herein or any other eddras l.ender designates by notice�o Borrower.Any notice
<br /> � • provided Tor in this Secunty Instrument sha11 be deemed to have been grven to Borrower or Lender when given as provided
<br /> �::.. in this parAgraph. ''"'�.'
<br /> � •t;� ' ls, G�emi�Lw;Se�enbility, 'this Sccurity Instrument shnll be governed by fedrral law and the Iaw of the .� •'
<br /> jurisdiction in which the Property is located.ln tfie event that any provision��r clause of th�s Secunty Instrument or the
<br /> iVote conflicts with�pplicable law,such canflic� shall not affect other proviy�ons of�his Secunty Instrument or the Note :
<br /> '. ' which can be given eBect without the conflacung provu�on.To this end the pravisions ot th�c Secunty Instrument and tlrc �
<br /> Note are declared to be severable. .�� '• •
<br /> � � � •� 16. Borrower'�Copy. Borr�+wtr shall be given one conformed cnp�af the(�iote a�d of this Secunty Instrumene.
<br /> � , � 17. Trantfer ot the Property or a Beneflclal Interest in Borrower. lf all or any puat of the Propeny or�ny ,
<br /> interest in it is sold ortratrsfened(or if a beneficial interest in Borrower is snld c>r transFerPed ancD 8orrower is not a nawral ,�� � .
<br /> ' ��� person)without Lender's pnor wntten consent. Lender rna�.at its opti�n,reyc:rr �mmtdia�t paymem�n full of all sums .
<br /> xcured by this Secun¢;lnstrument. However. this opt�un shalt n�t be eaerc�re� t�y �.en�rr i�raercise is proh�bued by .
<br /> ;, ;� federal law as of the dote of th�s Secur�ey Instrument.
<br /> . . �� If Lender exercises this optcor�.atnder shall grve Bnrmwer nonce of arrelerauon.'Iter rec�e�ee sholl provide a penad
<br /> of not less than 30 days from the date the notrce ic deiivered or madeci withm which Horrower mus�pay all�ums secured by
<br /> , I this Secunty Instrument.lf Borrower fails to pay these sums pnor to the exp�ranon of this penod.Lender may mvoke any
<br /> 1 remedi�oermitted bv this SecuntY Instrument without funher notice or demand on Borrower.
<br /> j 18.Botrower's Right to Rei�tst�e. If Borcoa•er mcet.r ana�n cund�t�ons, tf�rmwer�nali have tne ngnc �o navc
<br /> ' enforcement of this Secunty Instrument discont�nued at nny ume pnor t��ihe earli�r of.(a1`d�yslor such other penad as
<br /> 1 applicable law may specify for remstatementl before sale of the Property purouant to any power of sale contamed in this
<br /> Securily Instrument;o�'Ib)entry of a�udgment enforcmg this 5ecunty Instrument.Thnu condmons are that Borrower:
<br /> ' (a)pays Lender all sums which then would be due under this Secunty Instrumen� and the No�e had no accelsrauon
<br /> oeeunxd;(b) eures any default of any other covenants or agraments: Icl pays all expensee �ncurred �n enforcing this
<br /> Security Instrument,including,but not limited to, reasonable attorney�'fees: and(d)takes�uch acnon as Lender may
<br /> rcasonably rcquire to assure that the lien of th�s Secunty Instrument. Lender's nghts m the Property and Borrower's
<br /> � obligation to pay the sums secured by this Secunty Instrument shall conunue unchanged. Upon remstatement by
<br /> Borrower,this Secumy Instrument and the obligations secured hereby shall rema�n fully eRecuve es if no acceleration had
<br /> accurnd.However,�his nght to remstate shall no�apply�n the case of acceleratwn under paragraphs 13 or 17
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