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<br /> � pi Lcndcr aquired martgAge insurarace as a condition of mnking thc taan secured by this Sccu�ity lnstrumeiit;':
<br /> 8c�rrawer shxll pay ihe premiums required ta mainlain t6e insurance in effect uotil such Iime as Ihr rrc{uirrmeni Pi���iie,:
<br /> insurance�erminates in accarda�ce with Bnrrower's and Lender's written agrremrnt o�applicabl�law. �:'
<br /> 8. In�pe�tlo�. 1.ender ar its agent may make reasonable entries upon and inspections of the Prapert�•. LendeP.":
<br /> shall give Borrower�atice at the time of or prior to an inspectian speciPying reasanable causr Por�he inspection. �•.�
<br /> 9. Condtm�atlon. The proeeeds ot'uny award o�claim Por dan�ages.di�e�:t or cunscquential,in cunnectian«�ith
<br /> any condcmnatian or athcr taking aP any part af ihe Pra�x:rty, or Par canveyancr in lieu aP rondemnation,�re hereb�•
<br /> assigncd and shAp be paid ta I.ende�.
<br /> In the event of a totul taking af Ihe Property, the praceeds shall bc applied to the sums sccured by this Sccurit�
<br /> Instrumens.whether or not then due,with any excess paid to �orrower. In thr evcnt aPa pania)taking oP the Pra�ert��,
<br /> unless Barrower and Lender atherwise agree in writing,lhe sums secured by this Securi�y Instrument chall be redured h�•
<br /> the amount of the proceeds multiplied by the fallowing 1'raction: (a)the tutal Amoun� oP the sums secured immediatel�
<br /> befort the taking.divided by(b)the fsir market vulue of'the Praperty immediately befi�re the taking.Any balanre sh�ll br
<br /> paid to 8onawcr.
<br /> lf the Property is abandoned by Borrower.or if,u�ter notice by Lender to aarrawer that �he condemnor aflers to
<br /> make an award or settle a claim for damages.Borrower fails to respand to Lender w•ithi�30 da�s aRer ihe date the noticr is
<br /> given,Lender is autharized to collect and apply the proceeds,at its option,either ta rc�stora�ion or repair af thr Propert�•or
<br /> so the sums secured by lhis Security lnstrument�whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing,any applicatian of prc�ceeds ta principal shall not eatend or
<br /> . postpone the due date aP the monthly paymenis referred to in paragraphs 1 and 2 ar change the amount af such payments.
<br /> 10. Borrower Not ReleASed; Forbearance By Lender Not a Waiver. Extensian af the time for payment or
<br /> madification of amortization of'the sums secured by this Security Instrument granted by Lender to any successar in
<br /> intercst of Borrower sha11 not operate to rclease the liability of the ariginal Barrower or Borrow�er's successors in intrrest.
<br /> Lender shaU not be required to cammence proceedings against any successar in interest or refuse to extend time for
<br /> payment or otherwise modify amortization of the sums secured by this Security Instrumrnt by reason nf any demand madr
<br /> by lhe original Borrower or Borrower's successors in interest.Any forbearance by Lender in exercising an�•right ar remrd}
<br /> shal)not be a waiver of or prcclude thaexercise of stny right or remedy.
<br /> 11. Successors and Assigns Bouad;Joint and SeverAl Liabillty;Co-signers. The cuvrnants und agrcemrnts��f
<br /> this Security Instrument shall bind and benefit the successors and assigns uf Lender and Bon�wer.subject to t he prov�tiio�is
<br /> oPparagraph 17.Borrower's covenants and agreements shall be joint And several.Any�orrow�er w•hu co-signs ihis Security '
<br /> Instrument but does not execute the Note:(a)is casigning this Security Instrument only ta martgage.grant and c��nvey
<br /> that 8orrower's interest in the Property under the terms of this Security]nstrument;(h)is not�ersonally�bligated to pa��
<br /> the sums seCUted bY this SecuritV Instrument;and(c)aerees that i.ender and any rnher R�rr�vrr�may a�rPr r�rxirnci, : --�-�
<br /> modiFy,forbear or make any accammodatians with regard to the terms of this Security Iuatrument ur thr Notr w�ithout -�_�4�
<br /> that Borrower's consent. •
<br /> 12. Loan C7�uges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan -
<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 exceed the permitted limits. then: (a) any such loan charge shall be reduced by the amount
<br /> necessary to reduce the charge to the permitted limit;and(b)any sums already collected irom Barrower w•hirh exceeded �
<br /> permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principa!aa•rd 3=
<br /> under the Note or by making a direet payment to Borrower.If a refund reduces principal,the reduction�•ill be treated as a —
<br /> ; partial prepayment wiihout any prepayment charge under the Noie.
<br /> 13. l.egislation Atfeeting Lender's Rights. If'enactment or expiratinn af applicable laws has the effert ��f
<br /> • rendering any provision of the Note ot this Security Instrument unenforceable according to its terms.Lender,at its option.
<br /> may require immediate payment in t'ul! 01'all sums secured by this Security Instrument and may invoke any remedies
<br /> permitted by paragrapb 19.JF Lender exercises this aptian,Lender shall take the steps specified in the second paragraph oP
<br /> paragraph 17.
<br /> 14. Notlees. 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 law requires use of another method. The notice shal) be directed to the �
<br /> Property Address or any other address Borrower designates by natice to Lender.Any notice to Lender shall be given by ��,'.
<br /> first class mail to L.ender's address stated herein or any other address Lender designates by notice to Borrower.Any notice •
<br /> provided for in this Socurity Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br /> in this paragraph.
<br /> 15. Governtng I.aw;Severability. This Security Instrument shall be governed by federal law and the taw of the
<br /> jurisdiction in which the Property is lacated. In the event that any provision or clause of this Security lnstrument or the
<br /> Note conflicts with applicable law,such conflict shalf not affect other provisions of this Security lnstrument or the Note
<br /> �hich can be given effect withoui the conflicting provision.To this end the pruvisiuns uf this Security[nstru�nent and the
<br /> Note are dcelared to be severable.
<br /> � 16. Borrower's Copy. Bortower shall be given one conformed copy of the Note and of this Security lnstrument_
<br /> � l?. Transter of the Property or x Bene8cial Interest in Horrower. If all or any part of the Yroperty or any�
<br /> interest in it is sold or transferred(or i1'a beneficial interest in Borrower is sold or transfer,red and I3orruwer is not a nat ur:,l
<br /> person)without Lender's prior written consent, Lender may,at its optinn,require immediatr pa�•ment in full af al)�um,
<br /> secured by this Security lnstrument. However, this option shall not be exerciseJ by Lender if excrcise is pruhibited by�
<br /> federa!law as of the date of'this Security Instrument.
<br /> If Lender exercises this optian,Lender shaU give 8arro�t•�r notice o1'acceleration.The notice shaU prcn•idr a penud %-- _--" --
<br /> oPnot less than 30 days from the date the notice is delivered or mailed within which l3orrower mutit pay all sums securrd hp
<br /> this Security Instrument.If$orrower fails to pay th��e sums prior ta the expiratian of thi�,period, I.cnder may invuke:�n�
<br /> remedies permitted by this Security lnstrument without further notice or demand orl Hurrawer. ;
<br /> 18.Borrosver's Ripht to Relnstate. If Horrower meets certain conditions, Hc�rrawer�hall h�ve the nght t�h��r ' ,
<br /> enforcement of this Security Instrument discontinued at any time prior to the earlier of:(a)S dayti(or tiuch uther rrri��d:iti
<br /> applicable law may sp�cify for reinstatement)before sale of the Property pursuant to any pc�wrr of s�lr cuntainrJ in thi, �
<br /> L Security Instrumen�;or(b)entry of a judgment enforcing this Security Instrumcnt. Thotie condiUum are tl�;�t Be�rr��wrr.
<br /> (a)pays l.ender aU sums which then would be due under this Security Imtrument and tl�e Note h�� nu arcclrrawm
<br /> occurred; (b) cures any default of any other covenants or agreementti; (c) payti al) expenseti incurred in �nfiir�•�ng thi. r,�,
<br /> Security lnstrument, including, but not limited to, rra`onahle aU��rncyti' fi•cs; and (d) taketi SUl'}1 :ll'UOA :i� l.rnder u�a� �p�
<br />_ rea�onably reqwre tr, atisure that the licn of�his Scrurity Instrumen�, Len�er'� n�l�t, �u thc {'s„�,rri� and H��rm.►rr'. �
<br /> obligauon t� pay the tiums secured by this Secutity Intilrument shall ce>ntinue unch:,ngrd Up�,n re�n��utrment ►n '
<br /> Norrower,this Security Intitrumcnt•rnd the ubligah„ns tiecurrd hercby�h.ill rcmain fuUy rffrrutic.»�I'n�,:irrcler;�tu,n h.�d �•• `
<br />- ciccurred Hr�wevrr,th�ti nght t��re�mlate tihall uot apply in the ca4r uf a�•ccierauun un�lri �,:�r.��;r:�ph� 1 ���► 17
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