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<br /> � If I,ender required mori�nje iasur�nce as a condilion af making the laan secured by this Security Instrument,
<br /> Izo��ow�7 sh�il p�.y the�reniums ra�uir�rl to maintain thr iazuramr in clfect unti!such tima as the rtquirement for the
<br /> insurance termin�tes in accorc�snce with Bdrrower's�nd Lender'�written R�rament or spplicable law.
<br /> 8. la��eetta�t. Lender ar its s�eat may m�ke reasaeable cntri�s upon and inspectians of the Property. Lender
<br /> s1ui11�ive Borrewer natice at the time of or prior to an inspection specifying reuonable csuse for the inspection.
<br /> 4. Coademnadon. Thc pmxeda of any aw�rd or claim for dartiages,direct or consequential�in connection aith
<br /> any condemnation or other takln�of any psrt of the Property� or for conveyance in lieu of condemnation,are hereby
<br /> wip�ed and�hall be paid to Lender.
<br /> In the event of a tot�l t�king of ehe Property�the proceeds shall be applied to the sums secutai by this Security
<br /> Instrument.Mhether or aot then due, Mith sny eacas psid to Borrower.In the rvent of a partial taking of the Ptoperty.
<br /> unless Hor�ower and Lrnder otherMite s�ra in writing,the aums sxured by thia Secarity Instrument sha116e reduoed by
<br /> the amount of the proaed�mvltiplied by the folloMinj fraction: (a)the total amount of the sums secured Immediataly
<br /> befare the takin=,divided by(la)the fair market value of the Property immedl�►tely before the t�lcing.Any bWanoe ahall be
<br /> p�id to BorroMer.
<br /> � If the Property is abandoned by Borrower.or if,after notice by Lender to Borrower that the condemnor oRers to
<br /> make an a�►►ud or settle a claim for damages,Borrower fuls to respond to Lender within 30 days sfter tho date the notica is
<br /> aiven,Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair of the Propetty or
<br /> ' to the sums socured by this Security Insttument,whether or not then due.
<br /> Unleas Lenda and Borrower other�se agree in writiag,any appl9cation of�roceeds to principal shadl not extend or
<br /> postpone the due date of the montbly p�ymenu referred to in puagraphs 1 and 2 or change the amount of such payments.
<br /> 10. Aorrowa No! �telea�ed; Forbau�anee By Lender Not a Wd�e�. Eatension of the time for payment or
<br /> modifleation of unortirition of the suma secwed by this Secwity Instrument grnnted by Lender to any successor in
<br /> inierat of Borrower shall not operate to release the liability af the original Borrower or Borrower's successors in intereat.
<br /> Laider shaU not be required to commena procadings against any successor in interest or refuse to eatend time for
<br /> � payment or otherw�iae modity amortiution of the sums secured by this Security lnstrnmbnt by reason of any demand made
<br /> ' by the oripnal Borro�ver or Borrower's successors in interest.Any forbearance by Lender in eaercising any right or remedy
<br /> shaU not bt a�vaiver of or preclude the euercise of any right or remedy.
<br /> 11. S�ceaors aa8 Asd�u Horad;Joint aad Se�eral Liability;Co-ti�ers. The coven�nt9 and agreemmts of
<br /> this Sectuity Inswment sh�ll bind and beae8t the successors and sssigns of Lender and Honower,subject to the pro��isions �
<br /> of paragraph 17.Borrower's covenants and agraments shall be joint and several.Any Bonower who casigns this Socurity �
<br /> Tnsmunent but does not exxute the Note:(a)is co-sigaing this Secwity Instrument only to mortgage,grant amd convey
<br /> that Borrower's interest in the Property under the terms of this Security lnstrument;ro��s noe�,�ona��y obtigatea co�y ��
<br /> sl�•n»�a e,�Lrw,�i i�Y tlsic Gr�ljiv inct��rr��t;�n�i(r_.l ro rra th�►t Trr�der and my ather Horrower mav a�ree to eatmd, 1 ._•--
<br /> modify,forbear or make any accommalstion�with regud to the urms of this Security lnstrument ar the Note without '•��-
<br /> that Borrower's consent.
<br /> 12. Lwn C�r�a. If the loan secnred by this Security Instrument is subjeet to a law which sets maximum loan ' -=
<br /> chuges. aad thu law is 8nally interpreted so that the interest or other iotn charges collxted or to be collected in =
<br /> connxtion with the loan excad the permitted limits, then: (a)any such loan chargr shall be reduced by the amount =
<br /> n�ss�ry to rednce the charge to the permittod limit;and(b)any sums already collocted from Borrower which e�caded , _
<br /> permitted 1'units will be refunded to Borrower. Lender may chaose to make ttiis rePond by reducing the principsl owed '� -
<br /> ' under the Note or by making a direct p�yment to Horrower.If a refund reduces principal,the reduction will be treatod as a .
<br /> , partial prepaymmt without sny prepsyment charge under the Nots.
<br /> ' 13. I�WsdoA A1[eatla� Leader't R1aLts. IS enactment or expimtion of applicable laws has the effect of �
<br /> � rrndering sny provision of the Note or this Security Instrument unenforceable according to its terms.Lender,at iu option,
<br /> . may require immediue payment in full of all sums secured by this Socurity lnstrument and may invoke any remedies
<br />: � ptrmitted by puagraph 19.If Lender exercises this aption�Lender shall take the steps specified in the second paragraph of ����,
<br /> � ParaBraPh 17. ;�':'.
<br /> 14. Notica. Any norice to Borrower provided for in this Security Instrument shall be given by delivering it or by `� '
<br /> ' mailing it by flrst 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 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 /> in this puagraph. � _
<br /> iS. C�erois�Lw;Seurabftity. 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 Socurity Instrument or thc
<br /> Note conAicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note
<br /> ahich can be given effect without the conflicting provision.To this end the provisioas of this Sscurity Instrument and the
<br /> ' Note ue dxlued to be soverable.
<br /> � 16. Borrower'�Co�y. Borrower shall be given one conformed copy of the Note and of this Socurity Instrument.
<br /> � 17. Trmtter of the Property or a Heneflcltl Interat in Horrower. 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 Borrower is not a natural
<br /> person)without Lender's priur written consent.Lender may,at its option, require immediate payment in full of all sums
<br /> secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br /> . fedenl law as of the date of this Security Instrument.
<br /> If L.ender eaercises this option,Lender shall give Borrower notice of acceleration.The notice shall provide a period ,--=---==
<br /> of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all cums secured by �
<br /> this Security Instrument.lf Horrower fails to pay these sams prior to the eapiration of this period,Lender may invoke any '
<br /> remedies permittal by this Security Instrument without further notice or demand on Horrower. �
<br /> ls. Borrowe�'s Ri�hht to Reiastate. If Bonower meets certain conditions, Borrower shall have the right to have
<br /> enfarcement of this Security Instrument discontinued at any time prior to the earlitr of:(a)5 days(or such other period as
<br /> , �pplirstble law may specify for reinstatement)before sale of the Property pursuant to�ny power of salt contained in this �
<br /> � Security lnstrument;or(b)entry of a judgment enforcing this Security lnstrument. 7hose conditions a�e that Borrower:
<br /> (a) pays l.ender all sums which then would be due under this Security lnstrument and the Note had no acceleration
<br /> occuned; (b) cures any default of any dther covenants or agrtements;(c) pays all expenses incurred in enforcing this '
<br />,' �curity lnstrument. including, but not limitcd to,reasonable attorneys' fecs; and (d) takes such a�tion as I.ender may �'`
<br /> eeasontrbly require ta assure that the lien ai'this Security tnstrument, I,cndcr's rights in the Prop:rty and B�rrower's ' �
<br /> obli�tion to pay the sums secured by thtis Security lnstrument shall conhnue unchanged. Upon re�nstatement by
<br /> Bonower,th�s Secunty Instrument and the obligations secured hereby shall r�ma�n Pully efftc:nve as�f no acceleration had � •
<br />� oceurred.However,this nght tu reinstste shaU not apply in the cese�f acceleration under paragraphs 13 ar 17
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