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<br /> If Lender reqaired mongage insurance as a cvnditivn of making the toan seeured by th�s�eeurit�lnst�rutn.�1{�
<br /> r Borrawer shall pay the premiums reqaired to maintuin the incurance in effect unti) such time os the rcquirement fbr the
<br /> insurartce lerminates in accordance with Honower's and l.ender's w ritten agreement or applicable law.
<br /> R, Inspection. Lender or its agent may make reason�bl�entrics upon and inspec¢ions oP the Pr��perty. Lender
<br /> shall give I�orrower notice at the time of vr�rior to an inspection specifying reasona�le cause for the inspection.
<br /> 9. Condemnuian. The proceeds aPany award or claim for damages,direct ar cansequential.in connection with
<br /> ; any condemnation or other taking of any part af the Property,or for conveyance in lieu of candemnation. are hereby
<br /> assigned and shull be pais�to Lender.
<br /> : 1n the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br /> Instrument,whether or not then due,with any excess paid to Bonawer. ]n the event af a partial taking of the Property,
<br /> unless Barrower and Lender oiherwise agree in writing,the sums secured by this Security Instrument shall be reciuced by
<br /> the amount of'the proceeds multiplied by the following fraction: (a)the total amount of the sums secured immediately
<br /> before the taking,divide�b�(b)the fair market value of the Property immediately before the taking.Any balance shall be
<br /> paid to Borrower.
<br /> ' If the Property is abandoned by Bonower,or if,after notice by Lender ta Horrower that the condemnor offers to
<br /> make an award or settle a¢laim for damages,Borrow+er fails to respond to Lender within 30 days after the date the notice is
<br /> given,Lende:is authorized to collect and apply the proceeds.at its o�►tion,either to restoration or repair of the Property ar
<br /> to the suens secured by this Security Instrument,whether ar not then due.
<br /> U�tess Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend 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. Rorrower Not Released; Forbearance By I.ender Not a Waiver. Extension of the time far payment or
<br /> modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> interest of Borrower shall not operate to release the liability of'the original Borrower or Borrower's successors i�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 secured by this Security Instrument by reason of any demand made
<br /> by the origina4 Borrower or Borrower's successors in interest.Any forhearance 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 /> Il. Successora and Assigns Bound;Joint and Severstl Liability;Ca-signers. The covenants and agreements of � �
<br /> this Security Instrument shall bind and beneflt the successors and assigns of Lender and Borrower,subject to the provisions �
<br /> of paragraph 17.Borrower's covenants and agreements shall be joint and several.Any Borrower who casigns this Security
<br /> Instrument Isut dces not execute the Note:(a)is casigning this Security Instrument only to mortgage,grant and convey •
<br /> that Horrower's interest in the Pronerty under the terms�f thic SP.c»rit;TnctnirnPnl;�t+��w n�*_��,�r:.�1���lib t�to p::y __= -
<br /> , the sums secvred by this Security Instrument;and(c)agrees that Lender and any other Bonower may agree to extend, "
<br /> modify,forbear or make any accommodations with regard to the terms of this Security Iastrument or the Note without • '
<br /> that Borrower s consent. -
<br /> 12. Loan C6arges, If the loan secured by this Security]nstrument 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 /> connxtion with the loan exceed the permitted Iimits, then: (a)any such Ioan 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 exceeded �
<br /> permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principai owed `
<br /> under the Note or by making a direct payment to Bonower. If a refund reduces principal,the reduction will be treated as a
<br /> partial prepayment without any prepayment charge under the Notc.
<br /> 13. Legislation At[eettng Lender's Rights. If enactment or expiration of applicable laws has the effect of �
<br /> rendering any provision of the Note or this Security Instrument unenforcesble according to its terms,Lender,at its aption, . ��
<br /> may require immediate payment in fau of all sums secured by this Security Instrument and may invoke any remcdies -
<br /> permitted by paragraph l9.If Lender eaercises this option,Lender shall take the steps specified in the second paragraph of
<br /> paragraph 17.
<br /> 14. Notices. Any notice to Borrower provided for in this Securit Instrument shaU be �ven b deliverin �t nr b `��
<br /> y 8� Y 8� Y ;r,�;-
<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 other address Borrower designates by notice to Lender. Any notice to Lender sha1)be given by �. .
<br /> � first class mail to Lender's address stated herein or any other address Ixnder designates by notice to Borrower.Any notice
<br /> provided for in this Security Instrument shall be deemed to have been given to Borrower ar Lender when given as provided �
<br /> in this paragraph.
<br /> ' 15. Goveroing Law;Severability. This Security Instrument shal)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 af�'ect other provisionc of this Security Instrument or the Note
<br /> which can be given eH'ect without the conflicting provision.To this end the provisions of this Security Instrument and the
<br /> � Note are declared to be severable.
<br /> . 16. Borrow�r's Copy. Borrower shall be given one conformed copy af the Note and of this Security Instrument.
<br /> 17. Tnnsfer ot the Property or a Heneflcial Interest in Borrower. If 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 trxnsferred and Borrower is not a natural
<br /> person)without Lender's prior written consent, Lender may.at its option.require immediate payment in ful)of all sums
<br /> secured by this Security Instrumeni. However, this option shall not be exercised by Lender if exercise is prohibited by
<br /> federal law as of the date of this Security Inctrument.
<br /> lf Lender exercises this option.Lender shall give Botrower notice of acceleration.The notice shall provide a period �
<br /> of not less than 30 days from the date the notire is delivered or mailed within which Barrower must pay all�ums secured by
<br /> this Security Instrument. If 8orrower fails to pay these sums prior to the expiration of this periocl,Lender may invoke any
<br /> remedies permitted by ihis Security lnstrument without further notice or demand an Borrower.
<br /> 18.Borrower's Right to Refnstate. If Borrower meets certain conditions. Aorrow•er shap have the nght to havc
<br /> enforcement of this Serurity instrument discontinued at any tiine prior to the earlier of:(a)5 days(or such��ther period as �
<br /> applicable law may specify for reinstatemenU hefore sale of the Property pursuant to any power of sale contamed in this
<br /> � Security Instrument;or(b)entry of a judgment enforcing th�s Security Instrument. Those conditums are that Borrower: �!
<br /> (�) pays Lender all �ums which then would be due under this 5ecurity Instrument and the Note had n�► acceleration
<br /> occurred: (b) cures any default of any other covenants nr agreements; (c) payc a1) expentieti incurrrd in cnf��rcmR thi. �
<br /> 5ecurity Instrwment, mrluding, but not limited t��, reasonable attorntys' fee5, aut! (di lake��uch acttnn,i� 1 ender may ���
<br /> reasonably reyu�re to as�ure that thc I�en uF thiti Secunty lns�rument. Lender'ti nghtti in thr !'n�rcrty and R�rtr��wer'� �•_.
<br /> obhgut�on tn pay the �utm �ecuted by ttu� Secunty lnatrument �hall amtinue unchangeei I����m reni�tate•mrnt hy .> -
<br /> Hr+rrnwer.th�s Secunty Intilrument an�i Ihe nbli�alinm ticcured hrrehy�.hall rem,im full�eticcti�c:t�,ifn�,.icrcler.�unn h;�d
<br /> rKCUrrcd Hnwevcr,tht�,ny,ht tc�rrin�ralc�hall nnt;�E,�ly in thc�a�c��f;�ccrler.�u„n undi•r��,�r.���r.irh. I x��i I"
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