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<br />If Lender required monSilse insurance as a condilion of making the I~an secured ,~~ sec~~ ~S~U~~I'
<br />Borrower shall pay Ihe premiums required to maintain the insurance in effect until such lime as the requiremenl for the
<br />Insurance terminates in accordance W,ilh" Bor, ro, w,e,.r:~.t!!, -,U,elll:ler's wrillen agreement or applicable law.
<br />8, In~ioa, Lendl!f' or its aaerii.'iD.Y~fJ'~nable entries IJpon and inspections of thc ProperlY' Lender
<br />shall give Borrower notice atlhe time of or prior,tolln inspeCtion specifying reasonable cause for the inspection.
<br />9. Condemnation, The proceeds of any award or cl~jm for damages. direcl or consequenlial, in connection ...ilh
<br />any condemnalion or olher laking of any part of Ihe ProPerty, or for conveyance in lieu of cO:ldemnalion, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a t01al takins of the Properly, the procccds shall be applied to Ihe sums secured by Ihis St-urily
<br />Inslrumenl, whether or not then due, wilh any excess paid 10 Borrower. In the e\'ent of a parlial takins of the Propeny,
<br />unless Borrower and Under othc""ise asrcc in wriling, thc sums secured by this Securily Inslrumcnt shall ~ reduced by
<br />the amount of the proceeds multiplied by the following fraction: (althe total amount of the sums secured immedialely
<br />before the taking, divided by (b) the fair market value oflhe Property immediatel)' before the taking. Any balance shall be
<br />panito Borrower,
<br />If Ihe Property' is abandoned by Borrower, or if. after notice by Lender to Borrower Ihat Ihe condemnor offers to
<br />make.an award or seide a claim for damages, Borrower fails to respond to Lender wilhin 30 days sfler the dale Ihe nOlice is
<br />siven, Lender is authorized to collect and apply the proceeds, at ils option, ell her to restoration or repair of the Property or
<br />to the sums secured by thIS Secunt)' Instrument, ,,'hether or not then due.
<br />Unless Lender and Borrower otherwJ!it' agree m wnting, any application of proceeds to prinCIpal shall not extend or
<br />postpone the due date of the monthly payments referred to m paragraphs I and 2 or change the amount of such payments.
<br />!O, Bormwer Sot ReInHd; Forbearance By Lender Sot a Wah'er, Extension or the time for payment or
<br />modification of amoniution of Ihe sums secured by this Securil)' Instrument granted by Lender to any successor in
<br />mterest of Borrov.'er shall not operate to release the liability of Ihe ongmal Borrower or Borrower's successors in interesl.
<br />Lender shall nOl be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or01ht'nro'iiC modify amortization of the sums secured b)' Ihis Securily Inslrument by reason of an)' demand made
<br />b)' the onginal Borrov.'er or Borra.'cr's successors In interesl. Any forbearance by lender in exercising any righl or remedy
<br />shall not ~a .'aiver of or preclude the eAcrciiC of any righl or remedy,
<br />II, SuccaIon Ad Alai... Baud; JoiJIt ud Snent Uability; Co-silPlers, The co\'enants and agreemenls of
<br />Ihls Sc:cunt) Instrument shall bind and benditlhe successors and assigns of lender and Borrower. subject to the provisions
<br />of paragraph 17 Borro.'er's co\manlS and agreements shall ~ joint and several. Any Borrower who co-signs Ihis Securily
<br />Instrument bUI dOC'!> nOI UCl:uh: thc NOlc: (ailS co-slgmng thiS Sccurtly Instrument only to mongage, grant and convey
<br />thlll Borrower'!> Intcrest In the Property under thc terms of thiS Sccunty Instrument; (b) is not personally obligated 10 pa)'
<br />Ihe sums secured b)' thl~ Security' Instrument; and (cl agr~ that Lender and any olhcr Borrower may agree to elltend,
<br />modify. forbear or make any accommodations .lth regard to Ihe lerms of Ihis Security Instrument or Ihe NOle Wllhout
<br />. hat Borrower's conKnt
<br />12. ..... CIauwes, If the Joan secured b)' Ihis SecUnI) Instrument is subject 10 a law which sets maximum loan
<br />I:hllTJC"O. and that la.' ~ finall)' tnterprcted to that the mterest or other loan charges collecled or to be collected in
<br />connCl:tton ..lth the 1000n ellceed the permiued limns. then, (III an)' such loan charge shall be reduced by the amount
<br />na."O,,",T'} 10 reduce the charge to the permlUed limit; and (b) an)' sums already collec:ted from Borrower which exceeded
<br />permllled hmlls .",11 be refunded 10 Borrower, Lender may choose to make thIS refund by reducing the principal owed
<br />under the Note or by ~klnl. dlrec1 pa)"lllalt to Borro..er, If a refund reduces principal, the reduclion ",ill be: treated as a
<br />pamal prrpaylllt'fll wilhout an)' pfq'8yment charge under the Note.
<br />13. LeaisIadoII Mectiq Lnder', ~b. If enaclmenl or ellplration of applicable laws has the effect of
<br />rendenng an)' prm'lSlon ofthe Note or this Secunt)' Instrument unenforceable according 10 liS lerms, Lender. al its oplion,
<br />ma) require Immedaate pay'menl m full of all sums secured b)' this Secunly Instrument and may invoke an)' remedies
<br />permmed by paragraph 19. If Lmder 6C'I'CISCS this optIOn, Lender shall take the SIep5 specified in Ihe second paragraph of
<br />paragraph 17.
<br />.4, Soticet. Any nOllce 10 Bol1'OVo'cr pro\'ided for IR this Securit) Instrument shall be given by delivering it or by
<br />mailing it by first class mail un~ applicable la.' requires use of ano:her method. The notice shall be: directed 10 the
<br />P~n)' Address or any Olher address Borr01l'er designates by nOUce to Lender. Any notice to Lender shall be given by
<br />first class mail 10 lender'!. address ilated beran or any other address Lmder designales by nOlice to Borrower, Any notice
<br />pnnided for in tht!. Secunt)" Inst:rument shall ~deaned 10 ha\'e been gJ\'m lO Borrower or lender when given as provided
<br />III this paragraph.
<br />.5. Go~ Law; SeYeraIIiIity. This Secunty Instrument ~hall be go\erned by federal law and Ihe law (If the
<br />Junsdiction in ..hich the Property is located. In the t'\ent that an) pro\ision or clause of thIS Security Inslrumenl or Ihe
<br />Sote confticts ..ith appljcabl~ Ia..'. such conflict shall nOl affect oth~r pro\'\slons of Ihis Securtly Instrument or the: Note:
<br />,,'hleh can be given dl"ec1..;thout the confticting pro\'ision. To this end .he pro\'lslOm ofthi~ Se:.urit) Instrument and Ihe
<br />Sote are dec~ to ~ 5t'\'erabk-
<br />16. 1I"......er.' COJ)', &rrow'er !.han be gh'en one .:onformed co!,y of the NOle and ofthi~ Securlly In~trumenl.
<br />.'7, Trasfer of !be PnIperty or. BeueficiaJ laterest in Borro..er. If all or any pan of the Properly or an)
<br />mteresl in it is sold or transferred (or if a beneficial mterest in Borrow er j~ !>Old or transferred and Borro"'cr IS not a natural
<br />person) ..ithout Lender"s prior ..Tinen consent, Lmder may, at its option. reqUIre Ilnmediah: paymenl to full of all ~ums
<br />'i<<un:d b)" Ihis Security Instrument. How'Cver. this option "hall nO! be e"el~'i~>d by lender if ell.ercise IS prllhlhlled by
<br />federal law' as of the date of this Securily Instrument.
<br />If Lender exercises this option, lender shall gi"e Borrower notice of acceleration. Thc nolice ~haJl pro\ Ide a period
<br />of nC't less than 30 day"S from the dat~ tbe DOUce is ddl\'ercd or mailed within ,,'hich Borrower m usl pay all sums M:'.:ured by
<br />thiS Secunty' Imtrument. If Borrower fails to pay these sums prior to the expiration of this period. lender may Ilhoke :my
<br />remedies pennitted by this Security' Instrument without funber nonce or demand on Borrower,
<br />.8. Borrower's Ript to Jlooi_~, Jf Borr01l'er meels certain conditlon~ Borrower shall ha\e I he fight I., ha\e
<br />enfon:ement ofthis Securit) Instrument discontinued at any time prior 10 the earlier of: (a) 5 days (or ~u~'h olher pen.-.d as
<br />appliCilble fa.", m3)' specify for reinstatement) before sale of Ihe Properly pur.uanl 10 an) power of ",Ie ,'ontamed m thiS
<br />Security T~strument; or (b) enlT) of ajudgmcnl enforcing thIS Secunty In~lrumenl Those conditi,,"~ ar~ Ihat Borrower
<br />ial palS Lender all ~ums .hich then .'ould be due under thi~ Secunt) InSlrument and .he NOle had no a.xclc:rallon
<br />occurred: (b} cur~ any default of an}' OIlier covenants or agreements; (c) pays >>11 e~pen-.c:s Incurred m enfor.:mg Ihl~
<br />Sccuntl Instrument. mcluding. but nor limited to, reasonable allorney' fees, and (d, tak,~ such acllon as l.endc:r may
<br />rasonabl)' require t., &..ssu~ Ihat the lien of th~ Security Inslrument, tender's nghls In the: Properly and U,'rrower'~
<br />obligatIOn to POI) the: sums ~urrd b~' Ihis Securit)' Instrument \hall c;onllnuc IInchang<:d l'r<m n:,"slalc:nwm hy
<br />Borro"'cr. ,hl\ Sc.....unty rnMrument and the oblipuons \.CCured herclly shall rt'mam full~ elfl."C11\c as If "" a.,c:ler:llhln had
<br />',,:curfed Bo,",e\er. thi\ nlh, 10 r~n!i.tllte \hlI11 nol.apply mlhe: ca"t" flf accdcfllllfln under rara~rarh, l"'f ,.
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