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<br /> 1 , ,.y . °� If Lender raquirod mort�e insurana u a condition of making the Iwn �ecured by this Security Instrumenb w�',%"���i;�y;
<br /> � ��� �'' Honower shall pay the pmniums requirod to m�i�tain the insunnce in effect untif such time ns the raquiremmt for the _ ` °-
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<br /> -'-...:H ••' insurmce terminata io accordance with Bor�owu's�nd T.ender's weitta�s�rament or applicable Isw. —,,,��,
<br /> ' 8. Ia�peadoa. Lender or it�+�gent may mdee reasonable entrie�u n and ins ections of the Pro Lender � ��_ �n,r_
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<br /> ' � � • ' � •.>> � �p�ive Borrower notiu at the time of or prior to su�iaspection spxifjiing reawn�ble cause for the inapection. --�°=-�
<br /> ' ° � 9. Condemwdon. The procadc of�ny awud or claim for damwga.diroct or conseque�tiol. in co�nection with v�'� ,•" �'
<br /> • � any condemnation or other taking of any put of the Property,or for conveyance in lieu oP condemmtion,�re hercby '�ti _N..,,.c +,:::� �
<br /> , ' : ����l,;��;r
<br /> .. . , �,s�iiatr:', �i�nod and shall be paid to Lender. �:�.7°-�--i��«;; --•
<br /> . " ja the event ot a total taking of the Property,the procads shall 6e applied to the suma secured by this Secu�ity ��• '•'���.�+�k+?
<br /> ,, . �, r . . .
<br /> lnstnu�enn„whether or not then due,with any excess paid to Bwrower. !n the event of a partipl taking of ihe Property, ` " �
<br /> ' ' unless Borrower and Lender otherwise agree in writing.the swns secured by thia Security Ins�cument sh�ll be reduood by •� .
<br /> " � the amount of the proceeds multiplied by the folloaingiraction:(�)the total amount d'the surna secured immediately
<br /> ., before the ts►king,divided by(b)thc fair mruket v�lue of the Property immediately before the t�4cmg.Any balance ciwll be '•.s;�;. 1t __,
<br /> ., :, ryid to Borrower. ``��.�,/,' . . �,'.
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<br /> If the Propersy is abandoned by Borrower,or if.�f'ter rwtice by Lrnder te�B@rr�ae�tUiat the condemnor oAers to •�1� � _• .'
<br /> � • make an award or settle a claim for damages,Borrower fsils to resp��l to Lender wirthin 3Uda!rs after the dAte the notir.e is •.,::�.,,�"-°U'�
<br /> '�'l'�;:��, �"
<br /> .,, given,Lender is authorized to colleci ar+d apply the proceeds,at i4s o�+tian,athe�tn�dtorbtio�+or tepair of the Propehy or � -..;� �
<br /> to the aums secured by this Security Instrummt.whether or not�fien du+e• '�`;'`?
<br /> :1 i'r�����,
<br /> ' Unless Lender and Honower otherwise agrce in wdting,any applicatio�af proceeds to principal sh�0�n�t eatend or . , i�
<br /> � . postpone the due date of the monthly payments ref�rred to in paragraphs 1 and:or change the amount of suzh payments. •• �*j !��
<br /> „�•`, 1 0, l l o r ro�v er Not Rel e a s e d; �urbe�rance BY Lender Nat a W�l�er. Eatension of the time Por payment ar :�
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<br /> ,��:� modiflcation of amortizetion of the sums secured by thix Jecuri�y Instrument granted by L m der to any successor io ,- 'Y�,,.,.;:^
<br /> . i f•1 interest oP Borcower�thall not operate to release the liability of the nriginal Barrower or Horrower's succasors in interest. . :.�::;.;,_�_-
<br /> Lender shall not be rcquircd to commence procoedings against anp successc�r in interest ar rePuse to extend time for , :t;,i��.;:'�..°`°
<br /> . payment or otherwise modiPy amortization of the sums sacured b this Securit �Instrument b reason of an demand made �:`., t`n"�
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<br /> ., by the original Horrower or Borrower's succasors in interost.Any forbearance by Lender in exercising any right or remedy •.�r,.,,,.,_„_.
<br /> • �' . }, shall not l+e a waiver af or prcclude the enercise of any right or remedy. . ���� '
<br /> •�.;;'% 11. Succetsore and Asoi�flound;Joiat aad Severa!I.iability;Co-si�er�. The covenants and agreements of � r',.: •�;,
<br /> �•:�ti'�� this Security Instrument shall bind and beneflt the successors and assigns of Lender and Borrower.subject to thc provisiona ; �.� '���'.�;'�
<br /> --.- - --- o{paragraph 17.Borrower s covrnauis An3 agrEemenu sha!!tst jaint snd several.Any 9orrowcr whn ec�.signc this Seeurity ��'��� ' __ ,__
<br /> . ,,, lnstrumen�but does not eaecute the Note:(a)is casigning this 5ecuriry Instrument only to mortgage,grant and convey 1j'; �;�
<br /> •''� that Borrawet's interest in the Property under the terms af this Security Instrument;(b)is rot personally obligated to pay !� •
<br /> � �•'•":� the sums secured by this Security Instrument; and(c)agrees that Lender and an other Bonowcr ma a ra to extcnd, �'.. •
<br /> Y Y 8 ''•.,!�!;" .
<br /> :,ti�.., •.��� modify.fbrbear or make Any accummadations with regard to ihe terms of this Security Instrumem or tht Note without � ''� 'o.
<br /> �. .,
<br /> � - that Borrower's consent, �
<br /> • - 1 2. I m n C l w r g e s. I f t h e l o a n s e c u r e d b y t h i s S e c u ri t y l n s i r ument is sub ject�o a law which sets mt►ximum loan ti�� . .
<br /> • • charges,and that !aw is finally mterpreted sa that the intercst or other loan charges cotlected or to t�e co7lectal in �� . ,,�
<br /> • .,.,;.ti��, connection with the loan eaceed the permitted limits, then: (a)any such loan charge xhall be reduced by the amount � �'�i;� .
<br /> . �,;:-.•..., neces.sary to reduce the charge to the permitted limi�;and(b)any sums already collected from B�rrawer which exceeded :��..; '
<br /> �� • ;; °:,� permitted limits will be rePunded to Horrower. Lender may chaose to make thi.refund by re�ucing the principal owed
<br /> ' '�'''' under the Note or by making a direct payment to Bbrrower.If a rcfund reduces principal,�he rcduction will be treatod as a j . ,
<br /> °��� ' re�a ment char e under tne Note.
<br /> ��.�;.` �. ' partial prepayment without Any p E y 8 � •
<br /> ��,, 13. I.egislation Affeeting Ixnder's Rights. If enactment or ezpiralion of applicable laws ha:� t�he effect of � ��-��
<br /> � rendering any provision of the Note ar this Security Instrument unenforceable s�ccording to its terms,tender,a�its option, �,
<br /> . �`.� `�'��� may require immediate payment in Pull ot'al! sums secured by thic Secunty Instrument and muy invoke any remedies
<br /> . �.;,..�:.
<br /> � permitted by paragraph 19.!f Lender ex�rcises this option,Lender shall take the steps specified in the secand paragraph af ��
<br /> . � paragraph 17.
<br /> 14. Notiees. Any no�ice to Borrower provided for in this Securiry Instrument shall be given by delivering it or by !` '�
<br /> � :,�s�•,: •
<br /> � •r•:; �,;,. mailing it by first clacs mail unless applicable law requires use oP another method.The n�tice afiall be directed to the ,. .� ,
<br /> ` � ' �'�""�` Propeny Address or any other address&�rrower designa[es by notice to Lender.Any notice i� Lmder shall be given by j�;��
<br /> • �'•,'r.;�:� .
<br /> �•••�•;� first class mail to Lender's address stated herein or any other�ddress Lender designates by nntica�o&�rrower.Any notice !
<br /> provided for in this Security Inst rument shall be deemed to have becn given to Borrower or Lender when given as providal '� � �. �
<br /> . in this paragroph. � �: •
<br /> 1S. Governing Iaw;Scverabiliry. This Secunty Intitrument shall he governed by federal law and Ihe law of the
<br /> jutisdiction in which the Property is located.In the event that am prov�sirni or clause��f thi�Secunty Instrument or the
<br /> • '�•� ' Note eonflic�s with applicable Istw,such conflict shall not aff'�n.'ther pro�•i��onc uf this Securily lnstrument or the Note '
<br /> .� ��;.r. `:,;�' which can be gi.�en effect without the conflicting provision.To this�nd the prrnuwn�of�his Securiry Instrument and the 1
<br /> � Note art declared�o be severuble. �
<br /> '; � ;�,�-��;��},.�'•. 16. Borrower's Copy. Borrox�er+hall be given nne conformed copy of thc Note and of�his Security Intitrument. �
<br /> � ': ";;' :`,,•, 17. Transfer of the f'roperty or a BeneRcial Interest in Borroxer. If all or �ny Mrt uf the Propeny or any
<br /> ` � interes�in it is sold or trnnsferred(or du beneficial mtercht m Hc�rrower i�+uld ur tramferrcd and 8orrower�5 not a naturnl
<br /> . peroon)w ithout Lender's pnor wntren cnntient,Lender may,ut u+upnon, reywrr immrd�.ate payment in fuU af•rll wms
<br /> secured by this Scti:urny In,trumcnt. However.�hi�opuun tihull not t�e cxcici+ed by Lendcr d exercix is pmhibned by
<br /> � federal law ps of the dute of this Securny in+trument.
<br /> If Lender ezerciaes thi�opu�m.Lender shall give Burrower nu�ice��f accelerauon.The nohce�hull pro��de•r perwcl
<br /> ��t'not less�hun 30days from the date the not�ce is drl��er�d ur mailed u ilhm ahith Horrowrr mu�t pa�all•.um++rcured by
<br /> _ rh�.Crcunrti•In�trument.If Borrow•er fad��o p�y the�c wm�pn��r tu Ihr expiruuun af th�.,�xn�d.Lender mu�•�makr any
<br /> reme�Eae�permrtted by th��S��curuy Imtrument w�thout funhcr n��t::e ur demand��n fi�rmwer
<br /> I8. 8oerower's Right to Refnstate. If Borrnaer meel�ceraam conJ�unn�. F��rrowrr�hall hr�r the nght tci have
<br /> en�or�emcm��f thi.Secunty In,trument da�unumaed at any nmr pnor���ihr r�rhrr aL(a►5 day+(or wch��Ihrr�xn�xi a�
<br /> apphcablr IaN ma� ti7eeify fix reinuatcment)bernr;�ale of!fie P�op�n� �ur+uent lo any��wrr nf�ale contrmrd u�thi�
<br /> ' Secunty Instrument:nt!b)entry of a judgment enfnrcmg�1u�Secur�ly I���trum:nt.'I'hu+c rondiuona arc that Hurmwec
<br /> (a)pac+ [.ender all sums whi:h then would !x due under th��Stcuntc In�trumcnt and thc Kuir h•rd nu acrelrraUOn
<br /> occurred, (bl cure,any dtfault of any�other co.enant.or agrrrmrm.. Icl �a}. all expen,e.mcurred in enf�xc�ng thn
<br /> Secunty Ins�rumer.t, including, but not limited to.reas�nable attcttncc+' fze,:and Idl�akei s�uh r:i�on a�Lendrr may
<br /> �eaxmably require t..�ssure that tbe licn of th�� Src>>nty Imtrumem. Lcrader'c right�m Ihe Pro�►rrh and H�irrower's
<br /> obhgan:on ro pay the sums se�ured by this Se�unry In.trument shal! connnue unchangcd l'{r�n r�eamiaiement by
<br /> 8onc�wrr.this Security Instrument and the obhgatwns secured hereby shall remam fully elFecu�e a��f noa:alerau.Ke ead
<br /> nccurrtd Wowever,this right to rnnsute shali not appl�tn�he case of accclerauon under{�Pagraphs 13 or 1%
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