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<br /> � If Lender required mortgage i�su�ance us a condition of muking the loan secured by this Security Instrumens,
<br /> Borrower sha1) pay ti�e premiums required to mAintain the insurance in efl'ect until such�ime as the requiremcnt fbr the
<br /> insurance terminates in accordAnce with Barrawer's and Lende�'s written agreement or Applicable law.
<br /> 8. laspectlon. Le�der ar its agent may make reasoiiable entries upan�nd inspectians of the Pr�perty. Lender
<br /> shall give Banower natice at the time of or prior ta an inspectian specifying reasunable cause for the inspectian.
<br /> 9. Candemnadon. The proceeds of any award or ctaim for damages,direct or ronsequential.in connection with
<br /> any cundemnation or ather taking of any part af the Property, or for conveyance in lieu af condemnation, are hereby
<br /> assigned and shall be paid to Lcnder.
<br /> ln the event of a total taking of the Propeny. the proceeds shall be applied to the sums secured by this Security
<br /> Instrument,whether ar not then due,with any excess paid to Borrower. In the event of a partial taking of the Property,
<br /> unless Borrower and Lender otherwise agree in writing,the sums secured by this Security Instrument shaq be reduced by
<br /> the amount of the proceeds multiplied by the following fraction: (a)the total amount af'the sums secured immediately
<br /> � before the taking,divided by(b)the fair market value of thc Property immediately befare the taking.Any balance shap be
<br /> paid to Horrawer.
<br /> � If the Property is abandoned by Bonower,or if.after natice by Len�er to Borrowet that the condemnor offers to �
<br /> : ¢makc un award or settle a claim for damages.Borrower fails to respond to Le�der within 30 days after the date the notice is
<br /> i given,I,ender is authorized ta collect and apply the proceeds,at its option,eather to restoration or repair of the Property ar
<br /> ; to the sums secured by this Security lnstrument.whether or not then due.
<br /> Unless Lenderand Bonower otherwise agree in writing,any applieatian o1'proceeds ta principal shal)not eatrnd or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> . 10. Horrowe� l�tot Released; Forbearance 8y I.ender Not a Wai�er. Extension of the time for payment or
<br /> , 'modification af amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> � interest of Bonower shall not operate to release the liability of the original Borrower or Harrower's successors in interest.
<br /> Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br /> payment or otherwise modify amortization of the sums secnred by this Security Instrument by reason of any demand made
<br /> ; by the oreginal Borrower or Borrower's successors in interest.Any forbearance by Lender in exercising any right or remedy
<br /> ' shal)not be a waiver of or preclude the exercise of any right or remedy. .
<br /> 11. Succeasors and Assigns Bound;Jaint and Seversd Liability;Co-signers. The covenants and agreements of ; �
<br /> this Security Instrument shall bind and benefit the successors and assigns o}'Lender and Borrower,subject to the pr�ti�isions •
<br /> of paragraph 17,Borrower's covenants and agreements shall be joint and several.Any Bvrrower who casigns this Security ' �
<br /> � Instrument but dces not eaecute the Note:(a)is co-signing this Security Instrument only to mongage,grant and convey "
<br /> that Bonower's interest in the Property under the terms of this Security Instrument:(b)is not personally obligated to pay ��''�'
<br /> _ � the sums sectn'ed by this Security lnc�n�rrl�nt�an�!r�Aor.�.�s r ar.�er wT.�:tiy:.t�:.;�T:G::�� ii7aj%8�ic"c iC�cai2itu', i���
<br /> : malify.forbear or make any accommatations with regard to the terms of this Security Instrument or the Note without -
<br /> that Borrower's consent. ..
<br /> i 1Z• Loan Charges. If the loan secured by this Security lnstrument 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 /> j 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 from Borrower which eaceeded '4�
<br /> ` permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br /> � under the Note or by making a ditect payment to Borrower.If a refund reduces principal,the reduction will be treated as a
<br /> , partial prepayment withaut any prepayment charge under the Note. �
<br /> � 13. 1.egislaHon Affecting Lender's Rights. If enactment or expiration of applicable laws has the efftct of
<br /> � rendering any pruvision of the Note ox this Security Instrument unenforceable according ta its terms,Lender,at its option, '
<br /> � may require immediate payment in full of all sums secured b3 this Security Instrument and may invoke zny remedies "
<br /> ' permitted by paragraph 19.If Lender eaercises this option,Lender shall take the steps specified in the second paragraph of
<br /> � gazagraph 17. ;�
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<br /> � 14. Notices. Any notice to Borrower provided for in this Security lnstrument shaU be given by delivering it or by ;��'
<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 oiher address Bonower designates by notice to I.ender. Any notice to J.ender shall be given by �
<br /> � first class mai!to I.ender's address stated herein or any other address Lender desigoates 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 paragraph.
<br /> 15. Goverrting I.aw;Se�erability. This Security tnstrument shali 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 Security Instrument or the
<br /> � Note conflicts with applicable law,such conflict shall not affect other provisinns of this Security Instrument or the Note
<br /> � which can ix given effect without the conflicting provision. To this end the provisions of this Secur':ty Instrumc�r�t and the
<br /> �Toie are declared to be severable.
<br /> 16. Borrower's Copy. Borrower shall be given one cont'ormed copy of the Note and of this Security Instrument.
<br /> l7. Transfer of the Property or a Beaeflcial Interest in Borrower. If all ar any part of the Property or any
<br /> interest in it is sotd or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br /> person)without Lender's prior 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 eaercised by Lender if exercise is prohibited by
<br /> federal law as of the date of this Security Instrument. ' ` T"--
<br /> If Lescder exercises this option,Lender shall give Botrower notice of acceleration.The notice shall provide a period
<br /> � ef no!less thass 30 days from the date the notice is delivered or mailed within which Borrawer must pay a11�ums secured by '
<br /> this Security Instrument.If Fforrower fails to pay tE�cse sums prior tti the expiration of this period,Lender may invoke any
<br /> rrmedies permitted by this Security Instrument witbouE further notice or demand on Borrowcr.
<br /> 18. Sotro�ver's Right to Refnstate. If$orrower meets certain conditions, Borrower shall have the right to have '
<br /> enforcement ot'this Security Instrument discontinued at any time prior to the earlier of:(a)5 days(ar such nther period as y
<br /> t applicable law may specify for teinstatement)before sale of the Property pursuant to any power of salc contained in this
<br /> L5ecurity Instrument; or(b)entry of a judgment enforcing this 5ecurity Instrument. Th�se conditions are that Horr�wer:
<br /> (a) pays Lender all sums which then would 6e due under th�s Security Instrument and the Note had no acceleratinn 't�
<br /> occurred; (b)cures any default of any other covenants or agreements; (c) payc all exrenses �ncurrrd in enforc�ng �}u� �y
<br /> Security Instrumeni, including, but not limited to, teasonable attarneys' fee�, �nd (d) take�tieuh actum .iti Lender m�iy , �,,
<br /> . reasnnahly reywre tn �SSUre that thc lten c�f th�s Sccurity Intitru�riei�t, I.cndcrr'� ngh►ti �n the I'rnpertr and if<�rmw•cr'� �,
<br /> �bligation to pay the eums �ecured hy th�y Sccunty Instrument tihall r��ntuiue unch�,n�;ed t'rem remtitatement hy U
<br /> _� 8nttnwet.this Secunty Instrumem and the nhl��;aunns�eeureJ f�ereby tihall rema�n fulfc ef}ecti�e:��if nn acceler:it!nn h:ui
<br /> --=, ixcurnd Hnwe�cr.th�i�nght t�r rein�tatr�hali n�,t.�pply�n nc�catic��f:i�•crlrrah��t�undcr�,ar.i�;r.i�,h� I;�.r 17
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