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<br />If Lender req\li(ed-Dl~~ge.insll'1DCe,as,a:Ql(Indition of making the loan secured ~~:: ~ec~9yqntQmit,
<br />Borrower shall pay th~ ;;!=I"nS,r" ' ., ntain the insurance in ell'ect until such time as the requirement for the
<br />insurance terminates in "."'. ~,'r.,,~.;,....~.I#'.'.':'" '". :~~~;~!i Lender's wrilte~ agreement o~ appli~able law.
<br />8. Inspec:tlon~".J,ma~f:~r.lts'a tlDlly'mAke reasonable entnes upon and IRspecllons of the Property. Lender
<br />~hall 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 award or claim for damages, direct or consequential, in conneclion with
<br />any condemnation or other 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,iaking 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 oll'ers to
<br />make an award or settle a claim for damages, Borrower fails to respond 10 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 restoralion or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or nOI then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not elltend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not ReIeued; Forbearance By Lender Not . Wainr, Extension of the time for payment or
<br />modification of amortization of the sums secured by Ihis Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release Ihe liability of the original Borrower or Borrower's successors in interest,
<br />Lender shall not be required to commence proceedings against any successor in inlerest or refuse to elltend time for
<br />payment or otherwise modify amortizalion of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's SUCf:essors in interesl, Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exen:ise of any right or remedy.
<br />II. Sacceaon and Aul... Bound; Joint ud Sneral LIability; COoIllPlerB. The covenants and agreements of
<br />this Security Instrument shall bind and benefit Ihe successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17, Borrower's covenants and agreements shall be join I and several. Any Borrower who co.signs this Security
<br />Instrument but does not execute the Note: (a) is co.signing Ihis Security Instrument only 10 mortgage. grant and convC)'
<br />that Borrower's interest in the Property under the lerms of this Security Instrument: (b) is nOI per.;onally obli~aled 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 Instrumenl or the NOle without
<br />that Borrower's consent.
<br />12. Lou Cbuaes. !fthe loan !iel:ured by this Security Instrument is subject to a law whIch sets muimum loan
<br />charg~, and that law is finally interpreted so Ihat the interesl or other loan charg~ coll~led or 10 be collected in
<br />connection with the loan exceed Ihe permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary 10 reduce the charge to the permilled limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted Ii mils will be refunded to Borrower. Lender may choose to make this refund by reducing Ihe principal owed
<br />under the Note or by making a direct payment to Borrower, Ih refund reduces principal, the reduction will be trealed as a
<br />partial prepayment without any prepayment charge under the Note,
<br />13. Lqlalatloa AlI'ectlltll Leader'. RllIbta, If enactment or expintion of applicable law. has Ihe clrcet of
<br />rendering any provision of the Note or this Security Instrument unenforceable according tolls term., Lender, at ils option.
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19, If lender exercises this option. Lender shall take the steps specified in Ihe second paragraph of
<br />paragraph 17,
<br />14. Notices. Any notice to Borrower provided for in Ihi. Security In.trumenl shall be given by dcll\'ering it or by
<br />mailing it by first class mail unl~ applicable law requires use of anolher method, The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice 10 lender, Any nOli<:e to Lender shall be given by
<br />first class mail to Lender's address slated herein or any other address Lender designate> by nOlice to Borrow'er. An)' notice
<br />provided for in Ihis Security Instrument shall be deemed to have been given 10 Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. GoYeI1lIaa Law; SeYerablllty. This Security Instrument shall be governed by federal law and Ihe law of the
<br />jurisdil;tion in which the Property is located, In the event Ihat any provision or clause of tbis Securily Instrument or the
<br />NOle confticls wilh applicable law, such conllict shall nol all'ect olher provisions of this Security Instrument or the NOle
<br />which can be given ell'ect without the conDicling provision. To Ihis end the provisions of Ihi!> Securily Instrument and the
<br />Note are declared to be severable,
<br />16. Borrower'. Copy, Borrower shall be given one conformed copy of the NOle and of this Securit)' I nstrumen!,
<br />17. Transfer of tbe Property or a Beneficial Interest in Borrower, If all or any pan of the I)roperty or any
<br />interest in il is sold or transferred (or if a beneficial interest in Borrower is sold or Iransferred and Borrower is nol a natural
<br />person) without Lender's prior written consent, Lender may, at its option, require immediate paymenl in full of all sums
<br />secured by this Security Instrument. However, Ihis oplion shall nOl be exelciS\.-d by Lender if exercise is prohibited b)'
<br />federal"w as of the date of this Security Inslrumenl.
<br />If Lender exen:ises this option, Lender shall give Borrower nOlice of acceleration, The notice shall provide a period
<br />of nolless Ihan 30 days from Ihe date the notice is delivered or mailed within which Borrower must pay all sum. secured by
<br />this Security Inslrument, If Borrower fails to pay these sums prior to the expiration oflhi. period, Lender may in\'"ke any
<br />remedies permitted by Ihis Security Instrumenl without further notice or demand on Borrower.
<br />I'. Borrower'. RlcItt to Reinstate. If Borrower meet. certain conditions, Borrower .hall have Ihe righl I" have
<br />enforcement of this Security Instrument discontinued al any time prior 10 the earlier of: (a) S days (or !>uch olher period ll>
<br />applicable law may specify for reinslatemenl) before sale of Ihe Property pursuanl to any power of sale conlamro inlhi!>
<br />Security Instrument: or (b) enlry of a judgmenl enforf:ing this St:curily In.trumenl. Those condilion, arc Ihal Unrrowcr:
<br />(I) pays Lender all sums which then would be due under this Security Instrument lInd thc Note had no IIcL'cleralion
<br />occurred; (b) cu'~ any default of any other co~enanls or agreements; (e) pays 1111 expensc!> incurred III ellforcing this
<br />Security In,trumenl, includinll, bul not Iimiled 10, reasonable aUorney" fe;C!i; and (d) tnke, ,uch IIcli"n '" Lender may'
<br />realoOl1ably require 10 assure that Ihe lien of Ihis Security Instrument, lender's rlghl!> m the; Property Bnd Ilnrrowcr',
<br />oblipllon 10 pay Ihe sums w.'cured by Ihis Securily Instrumenl shall continue; unchanged, Upon rCII1\llltemenl h)'
<br />Borrower, Ihl' Security In,trumeRlllnd the oblill8tions secured hercby shall remaill fully dfccll\'e a!> If no ;lwl'ler"I,"n hlld
<br />occurred Howe>er, this risht 10 rein\late shnll nol apply inthc ClL~ of accelellllion under pllragmphs 11 or 17
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