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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's vnitten agreement or applicable law.
<br />8, Impedioa. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specif)ing reasonable cause for the inspection.
<br />9. ~...tion. The proceeds of an)' av.-ard or claim for damages. direct or consequential. in connection v.ith
<br />any, condemnation or other taking of any part of the Property, or for con~'eyance 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 />Instrument, whether or not then due, v.ith 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 shall be reduced by
<br />the amount of the proceeds multiplied by the fonowing fraction: (a) the total amount of the sums secured immediatdy
<br />before the taking, divided by (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 Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages. Boiroli\"er fails to R:SpOOd to Lender 'lIf;thin 30 days aftcr the date the notit:e is
<br />given. Lender is authorized to collect and apply the proceeds. at its option, either to RStoration or repair or the Property or
<br />to the sums secured by this Security Instrument, whether or not then due..
<br />Unless Lender and Borrower other;r;ise agree in writing, any appliation ofproceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referm:llo in JW3&f3phs I and 2 or change the amoont of such pa)1nents..
<br />10. BorroweI' Not ReIeaRd; F~ By Lader Not . WUftr. E.'demion of the time for payment or
<br />modification of amortization of the sums secured by this Securit)' Instrument gr.mted by Lender to an)' sU<<eSSOr in
<br />interest ofBorrowec shall not operate to release the liability of the original Borro'iiU or Borrov.-er's SllCCCS50lS in inten:st.
<br />Lender shall not be n:quired to commence proceedings 3pinst an)' Succe\SOl' in interest or refme to extend time for
<br />payment or otherwise modify amortization of the sums secured b}' this S<<urit)' Instrument b)' RasOn of an)' ckmand made
<br />by the originaIBlllrroa'ec or Borrower's:suocessors in intcn5t. Any f~ b)' I.endcr in exercising an)' right or remedy
<br />shall not bea waiwecof or pm:lude the exercise of any right or remed)'.
<br />IL Swu.uo.$ ad Assips Bolmd; Jomt ... SeftnI Li.Uilitr. Co-5ipas. The ro1ienants and agreements of
<br />lhis Security Instrummt shall bind and benefit the ~ and assigns of Lender and B0rr091-er, subject to the pr01iisions
<br />of paragraph 17. Borrov."C'C's co~'cnants and agreements sIWI be joint and ~~ An)' Borrov.-er who ({)-signs this Security
<br />Instrument but does not execute the Note: (a) is ~g this Security Instrumenl 001)' to mortgage. grant and conYeY
<br />thai Borroa"C'C's mtCRSt in Ibe Property under the terms of this Security Instrument; (b) is not pcrscnall)' obligated to 1"1)"
<br />tbe sums secured by tbis Security Instrument; and (e) 3&fttS that Lmdcr and an}' other Borrov.-er mal' agree 10 exlend.
<br />modify, forbear or make any 3CCUDIllOdalions ",ilb rq,ard to tbe: lcnm; cf tbis Security l,",rtmlCDt or the Note without
<br />that Borroa-ec's oomcnt.
<br />11. loaD CImrrIts. If the loan s<<urcd by this Security Instrument is subjoct to a la'ill' wbicb sets ma.~mum loon
<br />charges. and that law is finally interprdCd so that the interest or Oilher kwa c~ coII<<ted or to be colk\.-ted in
<br />conDCdioo with the 10m exceed tbe pmnitted limits, tbm: (ll) any SItCh 10m c~ sIWI be reduced b}' the antount
<br />neoe.ss:uy 10 reduce the elwge to Ibe pcmlitted limit; and (b) :any 5.UUlS alR3dy ooIkcted from 8orro'iIier which exceeded
<br />pmniUed limits _-ill be refunded 10 Borrower. l.coder _)' dnOOSle to make tbis refund by reducing the principal ov.'ed
<br />under tbe Note or by making a direct pa)mml to Borrolliltf'. If a refund reduces princi(llll. tbe reductioa will be trelted as a
<br />partW pRpI)-mttlt v.itbout any prqg)"IIH.'IIt ebuBe under lhe Note.
<br />13. Legis~ Af&diJta Lader's Ri&'ts- If enactment or upintioo of appli.:ablc h1ll>s bas the effect llf
<br />rmdcring any pro~ision oCthe NO'Ie or tbis Security Imlrwnml u.ncnforof\1ble OlCCOIding 10 its tfflll'l;. l.entkr. otl its option.
<br />may requite imDIlediatc pa)'mml in fuD of all 5.UUlS SClCUmI b)' tbis Securit), Instrument and may io1iole an)' mnedies
<br />pmniued by paragraph 19. If Lender exen:Ucs Ibis opIioo. 1.mckr slWI tae the steps s.pccified in the sa.-ond IXlf3&DPh of
<br />paragraph 17.
<br />14. Nodus. Any notice to Borrov.-er pn>>icIed for in tbis Security Instrummt s.JW1 be p1ien b)' delivering it or b)'
<br />mailing it by fin1t class mail unless applicable law RqUircs ~ of anoabe:r mdOOd. The notice s.lW1 be directed to tbe
<br />Propert), Adcms5 or any other address BOfT01n~r designates by notice to Under. An)' notice to Lender shall be given b)'
<br />first ~ mail to Lender's ~ stated bctein or an)' other lIddras Under dc5igmtes b)' notice to Borrower. Any notice
<br />pro\'idcd for in this S<<urity Instrument shall be deemed to ba1ie been gi\'Ul to Borro..cr or Lmckr w hen given as pr01iWW
<br />in Ibis pllflI8f'Zph.
<br />15. Go1'erm.g LaW; Snnahility. This Securit), Instrument s.lW1 be go\uned b)' fednal fall>' and the bv.' cfthe
<br />jurisdiction in v.'hieh the Property is located. In the C'alt Ibat an)' pro1imoo or ('lame of Ihi!> S<<urit)' Instrument or tbe
<br />NoIe conflicts v.;.h applicable !alA', such conflict wu 00( dect other J"101iNons of tbis Sccurit)' Instrument or the Note
<br />which can be gi~-en effect 9Iithout tbe conflicting pro~-Noo, To thi~ end tbe pr01iwom. (lnhis Securit)' InstnlDtUlt and the
<br />Note are declared to be se~'erable.
<br />16. Bomnrer's Copy. Borro\\'eI' WlI be gi~'CII one COIlfonned COP)' of the NoIe and of this Seeurit)' In..trument,
<br />17. Trudel' of dte Property or . 8eMficiaJ Illtuest ill Bonowtt. If all or an)' (II1rt of lbe: Prop=rt)' or an)'
<br />intenst in it is sold or lransferred (or if a beneficial interest in B0rr01ll>cr is sold or Ir.msferred and Borrower i.. nut a n3tural
<br />person) v.;thout Lender's prior wriuen COIlSC'Dt, Lender 1113)'. at its option. require immediate (II1)ment in full of 311 !o.ums
<br />secured by this Security Instrument. Howe~'er, this option shall not be exnci~ b)' Lender if eAen:ise is prohibited b)'
<br />federalla\\' as of the date of this Securit)' Instrument,
<br />If Lender exercises this option. Lender shall gi~'e Borrower notice oC 3Cttleralion, The notice shall pnl\ide a period
<br />of not less than 30 da)'S from the date the notice is ddi...ered or mailed 1ll>ilhin which BorroVl--=r must p;1)' 311 sum.. !>e('urro b)'
<br />this Security Instrument. If Borro91'Cr fails to pal' these sums prior to the upiration of this period. Lender 1001)' in\"lle an)'
<br />remedies penniued by this Security Instrument without further notice or demand on Borrower,
<br />II, Borrower's Riabt to Rcum.tc. If Borrower meets certain conditions., Borrower !o.hall ha\e the rigilt to ha1ie
<br />enforcement of this Security Instrument discontinued at an)' time prior to the earlier of: (a) 5 da)'!o. (or !o.uch other r>enod ~
<br />applicable law may specify for reinstatement) before sale of the Propert)' pursuant to an)' p<.lVler of !>ale ~'ontained IIJ this
<br />Security Instrument; or (b) entI')' of a judgment enforcing this Securit)' Instrument. Those condition", are that Uorrower:
<br />(a) pays Lender all sums which then would be due under this Securit). Instrument and the Note had no acceleration
<br />occurred; (b) cures 3D)' default of an)' other co\'enants or agreements: (c) pay'" all expenses incurred an enforcing thi",
<br />, Security Instrument, including, but nol limited to, rea\Onable auorne)'s' fees.: and (d) take!. such action M Lender mOl)'
<br />reasonably requirc to a,>sure that the lien of this Security Instrument, Lender's right'> in the 11roperty and Dorrower',>
<br />obligation to pay the sums '>(Cured by this Security Instrument shall continue unchangl-d, Up<lR reimtatement by
<br />Borrower. this Security instrument and the obli8ations s<<ured hereby shall remain full)' dfl'ClI\c as If no acceleratIOn had
<br />occurrcd, However, this right to reinstate shall nol apply In the ca<e of aCl'elcrallon under paragraphs 1.\ or 17,
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