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<br />88= 100916
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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrowcr shall pay the premiums rcquired to maintain thc insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />S, Inspection, 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 specifying reasonable cause for the inspection.
<br />9, Condemnation, The proceeds of any ~ward or claim for damages, direct or consequential. in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assignl'd and shall bl' 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, 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 shall be reduced 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, 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, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Unless 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 I and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender ~ot a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums securcd by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of t he original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings agalllst any successor in intl'rcst or refusc to extend time for
<br />payment or otherwise modify amortization of the sums securcd by this Secunty Instrument by reason of any demand madc
<br />by thc original Borrower or Borrower's successors in intcrest. Any forbearance by Lender in exercising allY right or rcmedy
<br />shall not be a waiver of or preclude the eXl'rcise of any right or rcmedy.
<br />11, Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to thc provisions
<br />of paragraph 17. Borrower's covenants and agreemcnts shall be joint and several. Any Borrower who co-signs this Secunty
<br />Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12, Loan Charges, If thc loan securcd by this Security Instrumcnt 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 eharge shall be reduced by the amount
<br />necessary to reduce thc charge to the pcrmitted limit; and (b) any sums already collected from Borrower which exceedcd
<br />permitted limits will bc refunded to Borrower. Lender may choose to make this refund by reducing the principal owcd
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, thc reduction will bc treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13, Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the clf.:ct 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 of all sums secured by this Security Instrument and may invokc any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps spccified in the second paragraph of
<br />paragra ph 1 7.
<br />14, Notices. 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 shall be directcd to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designatcs by noticl' 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, Governing Law; Severability. This SecurilY Instrument shall be governed hy federal law and the law of thc
<br />jurisdiction in which the Property is located. In the event that any provision or c1ausl' of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrumcnt or the Note
<br />which can be given effeet without the conflicting provision. To this end the provisions of this Security Instrument and thc
<br />Note arc declared to be severable.
<br />16, Borrower's Copy, Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17, Transfer of the Property or a Beneficial 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 transferrcd and Borrower is not a natural
<br />pl'rson) without Lender's prior written consent, Lender may, at its option, require imml'diatl' payment in full of all sums
<br />sl'cllrl'd hy this Security Instrument. However, this option shall not be exercised by Lender if exercisc is prohihited hy
<br />federal law as of the date of this Security Instrument.
<br />If l.l'ndl'r exercises this option, Lender shall give Borrower notice of acccleration Thl' notice shall provide a pl'nnd
<br />of not less than 30 days from the datc the noticc is delivered or maIled within which Borrower mu,t pay all sums secured by
<br />this Sl'cunty lnstrullll'nt. If Borrower fails to pay thcsl' sums prior to the expiration of thi, period, Lender may invoke any
<br />rcmedies pefllllttcd by this Security Instrument without further notice or demand on Borrower.
<br />18, Borrower's Right to Reinstate, If Borrower meets certain conditions. Borrower ,hall haw the nght to hall'
<br />enforcl'mcnl of this Sccunty Instrument discontinued at any timc prior to the l'arlier of: (a) 5 dav, (or ,ucli other pl'nod a'
<br />applicable law may spcclfy for relllstatl'ment) beforl' sale of the Property pursuanl to any pOWl'r of sale L'ontallled III Ihl'
<br />Security In,trument. or (b) entry of a Judgml'nt enforcing this Security Instrument. Tho,l' cOllditions arc thai B"IT'l\\el
<br />(a) pays Lender all SlJlllS which thl'lI would be due under this Security Instrument and the \i,lle Iiad 111\ aCCelclall<\n
<br />occurred. (h) cure, any dl'fault of any o!her cm'enanh or agreements; (c) pays all npen'l" InL'urred In enfprL.ln~ Ihl'
<br />Security ImtrunH'nt, IIIcludlllg, hut not hrllltl'd to, reasonable attorney,' fees; and (d) takes weh aL'llllll 'I' I endl'1 1ll,1\
<br />rcasl1nably rCljulre In assurl' that the hen pI' IlllS Security Instrul11l'nt, Ll'ndl'r', nghi'. 111 Ihl' I'fllpL'1ly ;11111 lip IT 11 " ",',
<br />ohhgatHlTl III pay Ihe ,urn, ,eulr...1 hy till, Sl'l:Ullly Instrulllent ,hall cm1!lnUt' IInehangcd [.1"\11 1<'11I'lal,'nll'nl h\
<br />Ilonown. lh" Seulnly In,tlumenl and lhe obligallon, 'ecurl'd Iierehy .,hallll'malll flllh t'!lc,.ll\c a' II II<' 'kd'kul,,'" b,Il'
<br />"L tUffnl 11",,,.\ ,'J . I hI' light 10 ft'llI,tall' ,hall not apply 111 t hc ,.a,c Il( aLd'kl .111"" 1I11,k, J',,, ,I CI ,11,b, : 1 "' :-
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