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<br />ss.... 103224
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<br />If Lender required mongage insurance as a condition of making the loan secured by this Security Instrument.
<br />Borrower shal! 'J'!I!Y::~~-'I'remiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance'ter'iriini\t~iA:,~rdartce with Borrower's and Lender's written agreement or applicable law.
<br />',8,'J~,I~ 'Lender 'or its agent may make reuonable entries upon and inspections of the Propeny. Lender
<br />shall give BortoWefiiliticfra't'tlie time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or clainl for damages, direct or consequential, in connection with
<br />any condemnation or other taking of any pan of the Propeny, or for conveyance in lieu of condemnation. tie hereby
<br />assigned and !baI1 be paid to Lender,
<br />In the event of a totlll taking of the Propeny, 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 Instruinent sball be reduced by
<br />the amount of the proceeds multiplied by the following fnu:tion: <a) the total amount of the sums secured immediately
<br />~ore the taking, divided by (b) the fair market value of the Propeny immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Propeny is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor ofl'ers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lendcr 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 Propeny or
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Unless l.ender and Borrower otherwise agree in writing, any application of proceeds to principal sball 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. IIon'Ower Not R.laaed; Forbearaact By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amonization of the sums secured by this Security Instrument granted by Lender to any sua:essor in
<br />intenst 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 proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amonization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's sua:essors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />n. Succeaon II1II Aafpa Bouad; Jolnllllll s...ral LlabiUty; CooalllDen. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragral>h 17. Borrower's covenants and agreements shall be joint and sevcral. Any Borrower who co-signs this Security
<br />Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mongage, 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', COI1IeJ\t.
<br />11 Lou CbrpI. If the loan secured by this Security Instrument is subject to a law which sets mujmum loan
<br />chUJIes, md that law is finally interpreted so that the ;dtenst 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 sball be reduced by the amount
<br />necessary to reduce the charae to tbe permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits wiJI be refunded to Borrower. Lender may choose to make this refund by reducing the principal OIWed
<br />under the Note or by mWlII a direct payment to Borrower, If a refund reduces principal, the reduction will be treated as a
<br />panial prepayment without any prepayment charae under the Note:.
<br />13. LtaIaIatioa Medina Leader'1 RI...... If enactment or expiration of applicable laws has the effect 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 plyment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragrapb 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<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 directed to the
<br />Propeny 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 berein or any other address Lender designates by notice 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 plragrlph,
<br />15. GoYtraIq lAW; SeYerablllty. This Security Instrument shall be governed by federal law and the Jaw ofthc
<br />jurisdiction in which the Propeny is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law. such conflict shall not alf'ect other provisions of this Security Instrument or the Note
<br />which can be given efl'ect without the conflicting provision, To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower'l Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument,
<br />17. Trauter of tbe Property or a BeneftdaJ Interat In Borrower. If all or any pan of the Propeny or any
<br />intenst in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not 8 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 Instrument. However, this option shall not be ellercised by Lender if ellercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than 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 to the ellpiration of this period. Lender may invoke any
<br />remedies permitted by this Security Instrument without funher notice or demand on Borrower,
<br />II. Bomnter'I Rip! to Relutatt. If Borrower meets certain conditions. Borrower shall hive the rilht to have
<br />enforcement of this Security Instrument discontinued I' any time prior te. the earlier of: (a) 5 days (or such other period as
<br />applicable law may specify for reinstatement) before IIle of the Property pursuant to any power of sale contained in this
<br />Securitlllnstrument; or (b) entry of a judgment enforcinl this Security Instrument, Those .:onditionr, arc: that Borrower:
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or ..reements; (c) pl1Ys all ellpenses incurred in enforcinl this
<br />Security Instrument. includinl. but not limited to. reasonable attorneys' fees; and (d) takes such action as Lender may
<br />reaonably require 10 assure that the lien of this Security Instrumtnt, Lender's rights in the Propeny and Borrower's
<br />obliption to pay the sums secured by this Secutlty Instrument shall continue unchanled, Upon reinstalement by
<br />Borrower, this Securily Instrument and Ihe obliptions secured hereby shall remain fully dl'ectlve as if no acceleration had
<br />occurred, However, Ihis ripl to reinstate shall not apply in the c:ase of acceleralion under paragraphs 13 or 17
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