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<br />88-
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<br />103113
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<br />If Lender required morlgage insurance as a condilion of making Ihe loan secured by this Security Instrument,
<br />Borrower shall pay Ihe premiums required 10 maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in lICCordance with Borrower's and Lender's written agreement or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable enlries upon and inspections of the Property. Lender
<br />slt~lgiveBorrower notice al the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />' 9, CondelMlllon. The proceeds of any award or claim for damages, direcl or consequential, in connection with
<br />any condemnation or olher taking of any part of the Property, or for conveyance 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 10 the sums secured by this Security
<br />Instrument, whether or nol ihen due, with any ellcess paid 10 Borrower. In Ihe event of a partial laking of the Property,
<br />unless Borrower and Lender otherwise agree in wrillng, Ihe sums secured by Ihis Securily Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraclion: (a) Ihe lolal amounl of the sums secured immediately
<br />before the talcing, divided by (b) the fair markel value of the Property immediately before the taking. Any balance shall be
<br />p81d 10 Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender 10 Borrower Ihat the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails 10 respond to Lender wilhin 30 days after the date the notice is
<br />given, Lender is authorized 10 collect and apply the proceeds, al its oplion, either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrumenl, whether or nOllhen due.
<br />Unless Lender and Borrower otherwise agree in writing, any applicalion of proceeds 10 principal shall nOI elltend or
<br />postpone the due date of Ihe monlhly payments referred to in paragraphs I and 2 or change Ihe amount of such payments.
<br />10. Borrower Nol Releued; Forbearallce By Lender Not a WaI,er. Elllension of Ihe time for payment or
<br />modilication of amortizalion of the sums secured by Ihis Security Instrumenl granted by Lender 10 any successor in
<br />intenst of Borrower shall nOI opera Ie 10 release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse 10 elltend time for
<br />payment or otherwise modify amortization of the sums secured by this Securily Instrument by reason of any demand made
<br />by the orisinal Borrower or Borrower's successors in interest. Any forbearance by Lender in ellercising any right or remedy
<br />shall not be a waiver of or preclude the ellercise of any right or remedy.
<br />II, SDCCeIIOrIIDd AuI.... BoUDd; Joint and Several Ulbllll)'j Co-IIJPIen. The covenants and agreements of
<br />this Security Instrument shall bind and benelit 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 co-signs this Security
<br />Instrument but does not execute the Note: (a) is co-signing this Security Instrument only 10 mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Inslrumenl; (b) is not personally obligated to pay
<br />the sums secured by Ihis Security Instrument; and (c) agrees thai Lender and any other Borrower may ag~ 10 extend,
<br />modify, forbear or make any accommodations with regard to the lerms of Ihis Securily Inslrumenl or Ihe Note without
<br />that Borrower's consent.
<br />12. LollI c:::barpI. If the loan secured by Ihis SecurilY Inslrumenl is subjeclto a law which sets mallimum loan
<br />charges, and that IlIw is linally interpreted so Ihat the inlerest or olher loan charges collected or 10 be collected in
<br />conneclion with the loan exceed the permitted limits, Ihen: (a) any such loan 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 10 make Ihis refund by reducing Ihe principal owed
<br />UDder the Note or by making a direct payment 10 Borrower, If a refund reduces principal, Ihe reduclion will be treated as a
<br />partial prepayment withoul any prepayment charge under tbe NOle.
<br />13, LeaisIaIloa AlfeetiJlll Leader's Rlpts, If enactmenl or expiralion of applicable laws has Ihe elf'ect of
<br />rendering any provision of the Note or this Securily Inslrumenl unenforceable according to ils lerms, J..ender. at its option.
<br />may require immediate payment in full of all sums secured by this s.:curily Inslrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises Ihis option, Lender shall lake Ihe Sleps specified in I he second paragraph of
<br />paragraph 17.
<br />14. NOIIces. Any notice 10 Borrower provided for in this Security Instrumenl shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of ..nother melhod. The notice shall be direcled 10 Ihe
<br />Property Address or any olher addreu Borrower desillnales by notice to lender. Any nolice to Lender shall be given by
<br />first class mail to Lender's address staled herein or allY olher address Lender designates by notice 10 Borrower. Any notice
<br />provided for in this Securily Inslrument shall be deemed 10 have been given to Borrower or Lender when given as provided
<br />in this parasraph.
<br />15. GovenUall LaW; Se'enblllt)'. This Securily Inslrumenl shall be governed by federal law and Ihe law of the
<br />jurisdiction in which Ihe Property is located. In Ihe event Ihal any provision or clause of Ihis Security Inslrument or Ihe
<br />Note conllicts with applicable law, such conllicl shall nol aft'ect other provisions of Ihis Securily Inslrument or Ihe NOle
<br />which can be given effect without Ihe conllicting provision. To Ihis end the provisions of Ihis Securily Instrumenl and the
<br />Note arc: declared to be severable.
<br />16. Borrower's Cop)'. Borrower shall be given one conformed copy of Ihe Note and of Ihis Security Instrumenl.
<br />17. Tl'IUIIfer of IIIe Properly or . Benefiel.llnterest In Borrower. If all or dny part of Ihe Property or any
<br />interellt in il is sold or transferred (or if a beneficial inleresl in Borrower is sold or Iransferred and Borrower is nOI a nalural
<br />penon) without Lender's prior written consenl, Lender may, al its option, require immediate paymenl in full of all sums
<br />secured by this Security Inslrument. However, Ihis oplion shall nol be ellercised by Lender if exercise is prohibiled by
<br />federal law as of the dale of this Security Inslrument.
<br />If Lender eurcises Ihis oplion, Lender shall give Borrower nOlice of acceleralion. The IIOlice shall provide a period
<br />ofnolle15than JOday. from Ihedate Ihenotice is delivered or mailed within which Borrowcr musl pay all sums secured by
<br />Ihis Securit)' Instrumenl, If Borrower fails 10 pay Ihese sums pnor to Ihe expiration of Ihis period. lender may in\'oke any
<br />remedict permiued by this Security Instrumenl without further nOlice or demand on Borrower.
<br />II. Borrower', RilJht 10 AelllJtate. If Borrower meels certain condilions, Borrower shall have the nght 10 hl\'e
<br />enforcement of this SecurilY Instrumenl dlsconlinued at any time prior to Ihe earlier of: (a) 5 days (or such olher period as
<br />applicable Isw mBY specify for reinllalement) before sale of Ihe Property pursuant to any power of sale contained in Ihis
<br />Security In.lrumenl; or (b) enlry of a judlmenl enforcinglhis Ser.urily Inslrument. Those condilions arc Ihlll Borrower:
<br />(a) pays Lender all IUIllll which then would be due under Ihis Security lnslrumenl and the Nole had no acceleration
<br />,occurred, Cb) cures any defaull of Iny olher covenanl' or IIgreemenls; (cll'8)'s all expenso incurred in enforcing this
<br />Securily Instrumenl, i!lcluding. but notlimiled to, rea!iOnable allorneys' fees; and (d) lakes such uclionas L.ender may
<br />rea.wnably require 10 .Hsure Ih.t Ihe lien of this Securily Instrument. lender's rlghls IR Ihe I'ropert)' and J)ol'rower's
<br />obliption 10 pay the sums *ured by Ihls Str:uril)' lnslrumenl ,hall continue unchanlled, Upon reillSllltell1ent by
<br />Borrower. lhis Seeuril)' Inslrum~1ll and Ihe obllptionl !leCured hc:reby \h.1I rem.1II rully effecllve Il~ iflln Dc,'dcration had
<br />occurred, H(/'We'-cr, Ihi, rilhllo rdn&lltuball not apply in the Co'I!Ie of Icederatllln under Illil'Dllrlll,h\ I,' III 17
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