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<br /> If Lender required mongagc insurance as a condition oi'making the loan secured by this Security lnstrument,
<br /> Horrower shall pay the praniu�ns required to maintain the insurance in effect until such time As the requirement foT tha
<br /> insurance terminutes in accvrdnnce with Honawer's nnd Lender's written Agreement or applicable law.
<br /> 8. Ia�pection. Lender or its agent may make rcasonable entries upon and i�spections of the Property. L.ender
<br /> shAll give Borrower notice s�t the time of'or prior to an inspection specilying reasonable cau�e for the inspection.
<br /> 9. Condemnation. The proceeds of anv award or claim for damages,direct or consequential.in connection with
<br /> any condemnation or other taking of any part of the Praperty, or for convebance in lieu of condemnation, are hereby
<br /> assigned and shall be paid to Lender.
<br /> � In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security
<br /> lnstrument.whether or nat then due,with any excess paid to Borrower. In the event of a partial taking of'the Aroperty,
<br /> unless Bonower and Lender otherwise agrce in writing.the sums secured by this Security Instrument shall be reduced by
<br /> the amaunt of the proceeds multiplied by the following f'ractian: (a)the total amaunt o1'the sums secured immediately
<br /> before the takin&.divided by(b)the fair market value of the Praperty immediately before the taking.Any balance shall be
<br /> paid to Bonow•er.
<br /> If the Property is abandoned by Borrower,or if,after notice by Lender to fforrower that the condemnor offers to
<br /> u�awc au awa�u�i acii�c a�idl�i�,vi uwl��o�r�a.L'viiuii'Ci ial�a iJ P�aNvil�iJ I.�.ii�:.T 1�Iii71A 3Q.'�IlfS���r::iC."�:.2.2:1.^IIa:3:..^l�
<br /> given,Lender is authorized to collect and apply the proceeds,at its option,either to restaration or repair af the Property or
<br /> to the sums secured by this Security lnstrument,whether or not then due.
<br /> Unless Lender and Burrower otherwise agrec in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referreci to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 10. Borrower iVot Released; Forbeuance By Lender Not a W�ver. Extension of the time for payment or
<br /> modification of amortizatian of the sums secured by this �ecurity 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 in interest.
<br /> Lender shall not be required to commence prceeedings 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 origina)Borrower or Borrower's successors in interest.Any forbearance by Lender in exercising any right or remedy ' ��
<br /> shall not be a waiver of'or preclude the exercise of an�•right or remedy.
<br /> I1. Successors and Assigns Bound;Joint and Several Liability;Casigners. The covenants and agreements of • ' .
<br /> this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower,subject to the pravisions , : �.
<br /> of paragraph 17.Borrower's covenants and agreements shall be joint and several.Any Borrower who casigns tfiis Security ' • °
<br /> Instrument but does not execute the Note: (a)is casigning this Security Instrument only to mortgage,grant and convey ����;�_
<br /> that Borrower's interest in the Property vnder the tsrms of this Security Instrument;(b)is not personally obligated to pay �`:
<br /> the sums secured by this Security lnstrument;and(c)agrees that Lender and any other Borrower may agree to extend, ' ''.
<br /> modify,forbear or make any accammodations with regard to the terms of this Security Instrument or the Note without -
<br /> that Borrower's consent.
<br /> 12. Loan Chuges. If the loan secured by this Security Instrument is subject to a law which sets maximum laan �
<br /> cbarges, and chat 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 pecraeitted limit;and(b)any sums already collected from Bonower which exceeded
<br /> permitted limits wi11 be refunded to Borrower. I.ender may choose to make thi� refund by reducing the principa)�wed
<br /> under the Note or by making a direct payment to Borrower. If a refund reduces principal,the reduction w�ill be treated as a
<br /> ' partial prepayment without any prepayment charge under the Note.
<br /> 13. Legista4ion AfFeeting I.ender's Rights. If enactment or expiration of applicable laws has the etfect of
<br /> . rendering any provision of the Note or this Security Instrument unenforceable according to its terms.Lender,at its option,
<br /> ; may require immediate payment in full af all sums secured by this Secunty Instrument and may invoke any remedies
<br /> ' permitted by paragraph 19. If Lender exercises this option.Lender shall take the steps specified in the second paragraph of ,�j
<br /> paragraph 17. � '`—
<br /> � 14. Notiees. Any notice to Borrower provided for in this Security Instrument shall be given by deliveriug it or by '.��'
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<br /> '. maiting it by first class mail unless appIicable 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 nocice to Lender shall be given by
<br /> first class mail to I.ender's address stated herein or any other address Lender designates by notice to$orrower.Any notice --
<br /> °� provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br /> in this paragraph.
<br /> 15. Gorerniag I.aw;Severability. This Security Instrument shall be governed by federal law and the law of the
<br /> jarisdiction ia which the Property is locat�ed. ln the eveni that any provision or clause of t6�is Security Instrument or the
<br /> ' Note conflicts with applicable law,such conflict shall not affect other provisions of th�s Security instrument or the Note
<br /> which can be given effect without the conflictmg provision. To this end the provisions of this Security Instrument and the
<br /> Note are declared to be severab�e. ,
<br /> 16. Borcowes's Copy. Borrower sha1)be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. Tnnsfer of the Property or a Beneficistl I�terest in Busrower. If all or any part of the Property or any
<br /> interest in it is sold or transferred(or if a benefccial interest in$orrower is soid or transfcrrcd 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 lnstrument. However, this option shall nat be exercised by Lender if exercise is prohibited by %_'__=-
<br /> federal law as of the date of this Security lnstrument. :
<br /> lf Lender exercises this option.Lender shal!give Borrower notice of acceleration.The noticc chall prnvide a period .
<br /> of not Iess t�an 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by .
<br /> this Security instrument.If Borrower fails to pay these sums prior ro the expirauon of this period,Lender may invoke any ' i .
<br /> remedies permitted by this Secunty Instrument without furthet notice or demand on Aorrow�er.
<br /> 18.Honowe►'s Right to Reinstate. If Barrower meets cenain cc+ndui�ns, Borrnwer�h;�ll h�+ve the righl to have
<br /> � enfotcement of ihes 5ecutity lnstrument discontinued at any time pnor to the earl�er of:(a)S dayti(or such<•ther period ati
<br /> appl�cable law may tipecify for rcrostatcmcnt)before sale of the Property pursuant to any �x�wer uf wlc c��nt�incd in th��
<br /> Secunty Instniment,or (b)entry nf U�udgmem enforemg thi�Secunty In�trument Those cuttdiUimti are that 13ittrower: �
<br /> (a) pays l.cndet all tium� whtch then would tx due under th�� Secunty� Intitrument and thc Note had ne� arreler.itum �
<br /> a.curred, en> curcti any deSnult uf any c�ther s:ovenantti ur agreement�. (r) pa}� :�II cxpen�e. uuurred u� cnfnrring thiti
<br /> � -• Secunty In�trurrtent, mrludinE. but not hmited tu. reas�nable attc�rneyti' fe�w. and ldl t:�1.eti �uch .�rti��n .�. I c•ndrr may� �++
<br />—�L rea+unahly reyuirc tu a5rurc that thc (ten ��f th�5 Secunty Imtrument. i rn�icr'� nEiit� in thc t'r��ncrt� .�n�l Hnrn���cr'. t' °
<br />- - ��bGgannn tr� p�y thc wmr ticcurcd by thi� Secue�ty intitrurncnt �h:�U cnntinur un�h.,nkr�l 1 ��„n �i�in.i.�tcn�cn� h�
<br /> _�' fi��rr��ucr.tlu�Sr�uniy In�.ltumcnl and Itic��hliY.iUunr tir�u�ed hcrrt,� .haU �cm:un tuli� rfli�.It�c,i.i1 u��.��,rl�•i.�lum h.��i
<br />��f�� �Kt uncd H�.u,c�e:�.tlu�n�cht te�tcin�tatc tih:�ll nut���,n�y �n thc�:�tir nt.u«-Irt:mni��ind�•r �,.��.��;i.,�,h. i +,.� 1' ,
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