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<br />88..,.. 103309
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<br />If Lender required mongage insurance as a condition of making the loan secured by this Security Instrument.
<br />Bnl'Tower shall pa~ ,~~prcmiums required to maintain the insurance in eft'eet until such time as the requirement for the
<br />t',. ul'~.l;;.o' termP.iPt.,~accotdance with Borrower's and Lender's written agreement or applicable law,
<br />,,;~,,;J~;.' Lender or its agent may make reasonable entries upon and inspections of the Property, Lender
<br />shall siveBortOwei"iiotice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. CoademDIdoD. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other laking of any pan of the Propcny, or for conveyance in lieu of condemnation. are hereby
<br />assigned and shall be paid to Lender.
<br />In the event ora total takina of the Propcny, 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 />unlas Borrower and Lender otherwisc agree in writing, the Bums secured by this Security Instrument shall be reduced by
<br />the amount of the pl'OCl:ledl multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the lakinS, divided by (b) the fair market value of the Propcny immediately before the laking. 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 oII'en 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 />siven, Lender is authorized to collect and apply the proceeds, at its ortion. either to restoration or repair of the Property or
<br />to the Iwns secured by this Security Instrument, whether or not then due,
<br />Unleu Lender and Borrower othcrwiac agree in writinS, any application of proceeds to principal shall not extend or
<br />JIOItpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of suc:h payments,
<br />10. Borrower Not RelaHd; ForIIearanee By Lader Not. Wainr. Extension of the time for payment or
<br />modification of amonization of the suma secured by this Security Instrument granted by Lender to any Suc:ce55or in
<br />interelt of Borrower shall not operate to release tbe liability of the orisinal Borrower or Borrower's suc:cason in intera1.
<br />Lender shall not be required to commence proceedings against any successor in inlerest or refuse 10 e.lend time for
<br />payment or otherwilc modify Imonization of Ibe sums secured by Ibis Securily Inllrumenl by reason of any demand IDIdc
<br />b)' the oripBorrower or Borrower'sluc:cason in inlcrcst. An)' forbearance by Lender in exercising any ri,hl or remedy
<br />shall not be a waiver of or preclude the Cllerciae of any right or remedy.
<br />11. S. r_... ... AIatpI BoldIiI; JoIilt ... SneralIJalJWtr, Co-tIpera. The: covenants and ~ts of
<br />thia Security Instrument shall bind and bendlt the succeuon and assigns of Lender and Borrower. subject to the provisiom
<br />or parqraph 17, Borrower's covenants and ....eements shall be joint and scveraJ, Any Borrower who c:o-signs this Security
<br />IlIItrumcnt but doa not execute the Note: Ca) is CQotigninlthis Securit)' Instrument only 10 monPlCo Irani and convey
<br />that Borrower's interelt in the Property under the tenns of tbis Security Instrument; (b) is not pcnona1ly obIigaled to pay
<br />the suma secured by this Security Instrument; and (c).asr- that Lender and any other Borrower may aaree to extend.
<br />modify, rOltlcar or make any accommodationl with rcprd to Ihe tenns of thil Securily Instrument or the Note witbout
<br />that Borrowt'l CiOIIICIlt.
<br />U. LaM a.w-. If the loan secured by tllil Security Instrument is subject to a law whic:h letS malimum loan
<br />charaa. and that law is lInalJy interpreted so that the interelt or other loan c:harpI c:oIlec:ted or to be coIlec:ted in
<br />COIIIIClClioa with tbe Joan eac:eed the permiued limits, then: Ca) any such loan charge shall be rcduc:ed by the -..t
<br />ncccaury to reduc:c tbe cbarp to the permitted limit; and (b) an)' luma alread)' c:oIlec:ted from Borrower wbic:h caca:ded
<br />permitted limitr. will be refunded to Borrower. Lender may cboole to make this refund by reducinlthc principal owed
<br />under tbe Note or by makiq a direct paymcntto Borrower. If a mund reduces principal. the reduction will be treated as.
<br />panial prcpIJ1I1ClIt without an)' prepayment charge under the Note.
<br />13. 1....._ A<<ecdq te.der'. RIP'" If enactment or expiralion of applicable laws hu the drec:t 0(
<br />renderinl any provision of the Note or Ihis Security Instrument unenforceable IICcordinlto its terms. Lender. at its oplion,
<br />may require immedi.lte payment in full of all lums secured by this SecurilY Instrumenl and may invoke any remedies
<br />permitted by parqraph 19. If Lender exCfCiaeathls option, Lender shall take the stc:pa specified in the second paraaraph of'
<br />pal'llrapb 17.
<br />14. NotIces. An)' nolic:c to Borrower provided for in this Securily Inslrument shall be liven by dc1iverinl il or by
<br />mailina it by 11m class mail unless applicable law rcquirCII use of another melhod, The nollce shall be directed to the:
<br />Property Addrcu or any other addrcu Borrower designatCl by notic:e to Lender, Any notice to Lender shall be liven by
<br />111'11 c.... mail to Lender'. address slated herein or In)' olher address Lender desi,natCl by notice 10 Borrower, AllY notic:c
<br />provided for in this Sr.urity Instrument shall be deemed 10 have been given to Borrower or Lender when liftll as provided
<br />in this parqraph.
<br />15. GoY...... LaW; SennlllUt)'. This Securily Instrumenl shall be governed by federal law and the law of the
<br />juri.tctiction in wlUcb the Propeny is located. In the event that any provision or clause of Ihis Securil)' Inslrumenl or the:
<br />Note conftiCll with applicable law, luch conftictshall not alI'eet other provisions ofthis Security Instrumenl or the Note:
<br />which can be liven deet wilboutthe connictinB provision. To this end the provisions of Ihis Securily Instrument and the:
<br />Noee are cIccIared to be IC\'crab1e.
<br />16. Bell.......... eo". Borrower lhall be siftll one confonned copy of the Note and of this Security Instrumenl,
<br />17. TraaIer of.... Pro,ert)' or a BeoeflelalllltereltlD Borrower. If all or any pan of the Property or any
<br />interelt in it is sold or tranlferred Cor if a beneftc:ial inlerest in Borrower is sold or Iransfe:rm1 and Borrower is not a natural
<br />penon) without Lender', prior wriUen conlCllt, Lender may. allts option. require: immediate payme:nl in full of all sums
<br />secured by this Security Instrument. However, this option shall not be exercised by Lender if tllCfClse is prohibited by
<br />fedenJ law II oftbe dale of this Security Instrumenl.
<br />If Lender ellerciaea Ihls option, Lendershlll live Borrower notice of lICc:elerallon, The notice shall provide a period
<br />of nolleal than 3Oda)'l from the dlte the nOlic:c is delivered or mailed within which Borrower must pa)' all sumslCCured by
<br />Ihls Security IlIItrument. If Borrower fails 10 pay these sums prior to the ellpirltion of this period. Lendcr mlY invoke any
<br />remedies permlued by this Security Instrumenl without furtbe:r nOlice: or demand on 8l>rrowe:r.
<br />II. "'I"~' ....... 10 Retaatata. If Borrower meets cenain c:ondilions. Borrower shan have the nlht to have
<br />enforcemenl of this Securily Instrumenl dilContinued al any time prior to the earlier of: (a) 5 days (or such other period a.
<br />applicabk I&w may specif)' for rclnsUlternent) before IIle of Ihe Propcny punulnl to any power of sale contained in Ihis
<br />5ecuri1)' hlllrumenl; or (b) entry of a judlftlent enforcinlthil Security Inslrumenl, Those conditions are Ihal Borrowe:r:
<br />Ca) pe,.l.endtr In sum. which lhen would be due under this Securily Instrument Ind Ihe Note had no acceleration
<br />oc:cuned; (b) curCi 10)' default of any other covenants or Ilreemen..; eel pays all ellpcnKS incurred in enforcinl thiS
<br />5ecurily IlIIlrumenl, IncludlDl. bul nOI limited 10, reasonable aUome)'s' feet: and (d) tlkClsuch action a. Lender may
<br />rtalOlllbly require to Uture thll the lien of Ihls SecurilY Inslrument, Lende:r's rilhll in Ihe Propeny and Borrower's
<br />obIIpllon to I*Y Ihe sums HCUred by Ihis Security Instrument shill conlinue unchanled, Upon reinstllement by
<br />Borrower. Ihis SecurilY Inmummt and the obllpUons lleCured hereby ,han remain Fully ell'eclive: a. if no ac:c:e:lenlllon hid
<br />occurred, However, Ihl. rlllht to rein"llt ,hln not Ipply in the case of accelerllion under parll!raphs 13 or 17
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