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<br /> If Under r-quired mortgage insurance r.; a condition of'rrmking the loan sxured by this Security instrument,
<br /> harrower shall pay the ,premiums required to maintain the insurance in effect unti! such time as the requirement for the
<br /> insurance terminates in accordan7e with BQiTower's and Lender's written agre=nt ox applicable- law.
<br /> 8. IrtW•ction. Lender or its agent may make r-emnable entries upon and inspections of the Property. Leader
<br /> shall give Borrower notira! at th? time of or pfioeto an inspection specifying reasonable cause 150.r the inspection.
<br /> 9. Comlemnntic a.; Tt:~ proat&Vany award or claim for damages, direct or consequential,, in connection 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 :;hall be paid to Lender.
<br /> In the event of a total taking of the Property, the proceeds shall be applied to the sutras secured by this Security
<br /> Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial mkirg of :tie Property,
<br /> unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrumen,' shad] he reduced by
<br /> the amount of th, proceeds multiplied by the following fraction: (a) the total arnount of the sums secured roaniediately
<br /> before the talking, divided by (b) the fair market value of the Property immediately before the taking. Any balance s.W1 be
<br /> paid to grower.
<br /> If the Property is abandoned by Borrower, or. if, after notice by Lender to Borrower that the condemnor offers to
<br /> make an award or settle a claim, for damages, Borrower fails to respond to Lender within 30 days after the elate the notice is
<br /> given, Lender it authorized to collect and apply the pmceeds, at its option, either to restoration or repair of the Property or
<br /> to the sums °,Pcur.d by this Security Instrument, whether or not then clue.
<br /> Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shah not extend or
<br /> postpone the duP date of the monthly payments referred to in paragraphs l and 2 or change the amount of such payments.
<br /> 10. Borrower Not Released; Forbearance By Leader Not a Waiter. Extension of the time for payment or
<br /> modification of amortization of the st~m.s secured by this &.-curity Instrument granted by Lender to any successor in
<br /> interest of Borrower small not operate to release the liability of th,. original Borrower or Borrower's successors in interest.
<br /> Lender shall not be required to commer,:;e proceedings against any successor in interest or refuse to extend time for
<br /> payment or otherwise mnciify amortization of the sums secured by tht. Security Instrument by reason of any demand made
<br /> by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising.any right or remedy
<br /> shall not be a waiver of or preclude tht- exercise of any right or remedy.
<br /> 11. Successors and Assigns Ronnd; Joint and Severe.] Liability; Ca-signers. The covenants and agreements of
<br /> this Security Instrument sh.n.ii bled and benefit the successors and assigns of Linder and Borrower, subject to the provisions
<br /> of paragraph 17. Borrower's cove. ants and agretme, is shall be joint and severa,i. Any Borrower who co-signs this Security
<br /> Instrument but does not execute the Note, (a) is co-signing this Security Instrument Only to mortgage, 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 rankiz any accommodations with regard to the terms of this Security Instrument or the Note without
<br /> that Borrower's consent.
<br /> 12. Loan Charges. If the loran secured by this Security Instrument is subject to a !aw, which sets maximum loan
<br /> charges, and that law is finally interpareted so that the interest or other loan charges collected or to be collected in
<br /> connection with be loan exceed the p-rmitted limits, then: (a) any such loan charge shall be reduced by the amouni
<br /> necessary to reduce the charge to the t.+ermitted limit; and (b) any sums already collected from Borrower which exceeded
<br /> permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br /> under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be trea ied as a
<br /> partial prepayment without any prepayment charge under the Note.
<br /> 13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br /> rende.rirrg any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option,
<br /> may require immediate pz,ment in full of all slims 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 the second paragraph of
<br /> paragraph 17.
<br /> 14. Notices. Any notice to Borrower provid-d for in this Security Instrument shall be given by d.l?ver;-ig it or by
<br /> trailing it by first class mail unless ai ~,r-,licable law requires use of another method. Thr notice shall be directed to the
<br /> Property Address or any other address Borrower designates by notice 'o Lender. Any notice to Ler_,ier shall be given by
<br /> first ::lass ma0 to Lender's address stated herein or any other address Lender designates by notice to Twrower. Any notice
<br /> provided for in, this Security Instrument shall be decrw!d to have been given to Borrower or Lender vhen given as provided
<br /> in this paragraph.
<br /> 15. Governing Leer; Severability. This Security Instrument shall be governed by federal law and t.hz law of the
<br /> jr.risdiction in which the Property is located, In the eimn, that any provision or clause of tltiis Securih; instrument or the
<br /> Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrurrerrt or the Note
<br /> which can be given effect without the conflicting provision. To this end the provision-. of this Security Instrument and the
<br /> Note are declared to be severable.
<br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Securirv Instrument.
<br /> 17. 'T'ransfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br /> inicrest in it is sold or transferred (or if a beneficial interest in.Borrower is sold or transferred and Bormwer is not a natural
<br /> person) without Lender's prior written consent, Lender may, at its option, rega:i c immediate pay.men.t ir, full ofall sums
<br /> secured by this Security Instrument. However, this option shall not be exerci!&d by Lender if exercise is prohibited by
<br /> federal law as of the date of this Secunty Instrument.
<br /> If Lender exercises this option, Lender shall give Borrower notice of accelr.; atiou. The notice she,:'; provide a p-riot
<br /> of not less than 30 days from the date :he notice is delivered or mailed within whi0i Borrower must pay :ell sums secured by
<br /> this Security instrument. If Borrower fails to pay these sums prior to the expiration of this period, Len'er may invoke any
<br /> remedies permitted by this Security Instrument ,without further notice or demand on Borrower.
<br /> 18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br /> enforrement of this Security Instrument discontinue,:; at any time prior to the earlier of. (a) 5 clays (or -such other period as
<br /> applicable law may specify fog reinstatement) belbre sale of the Property pursuant to any power of &Jc contained in this
<br /> Security Instrument: or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower:
<br /> (a) pays Leader all sums which then would be due under this Security Instrument and the Note had no acceleration
<br /> occurred; (ti) cures any default of any other covenants or agreements; (c) pays all expenses i acurred in enforcing this
<br /> Security lnstrurnent, including, but not limited to, reasonable attorneys' fees; and (d) takes such action as Lender may
<br /> reasonably require to assure that the lien of this Security Instrument, ,'render's rights in the Property and Borrower's
<br /> obligation to )fay the sums secured by this Security Instrument !.hall continue unchanged. Upon reinstatement by
<br /> Borrower, this Security .'Instrument and the oblig>itions secured hereby shall remain fully effective as if no acceleration had
<br /> occurred. However, this right to r-ir:.tate shall not apply in the case of acceleration under paragraphs 13 or 17.
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