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<br />?s- 104996
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<br />1JJQ.\l} t\i8lB
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<br />If Lender required mortgage insurance as D condition of moking the lonn secured by this Security Instrume'nt,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement Of applicable law.
<br />8. Inspection. Lender or ils agent may make reasonable entries upon and inspections of the Propeny. Lender
<br />sholl give Borrower notic~ at the limeofor prior to an inspection specifying reasonable cause for the inspection.
<br />9. CondemnaUon. The proceeds of any award or claim for damages, direct Of consequential. in connection with
<br />any condemmuion or other tnking of any part of the Property, Of for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to le~der.
<br />In the event or a total taking or the Property. the proceeds shan be applied to the sums secured hy this Security
<br />Instrument, whether or not then due. with any excess paid to Borrower. In the event of a partial tnking of the Property,
<br />unless Borrower and lender otherwise agree in writing, the sums secured hy this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction; (0) the tOlal amount of the sums ~ecured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shaU be
<br />paid to Borrower.
<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 scttle a claim for damages, Borrower fails to respond to 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 10 restoration or repair oflhe Property or
<br />10 the sums secured by this Security Instrument, whether or not then dUe.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shaU not extend or
<br />postpone the due date oflhe monthly payments referred to in paragraphs 1 nnd 2 or change lhe amount of such payments.
<br />10, Borrower Not Released; Forbearance By Lender Not B Waiver. Extension of the time for payment or
<br />modificalion of amortization of the sums secured by this Security Instrum~nt grunted by Lender 10 any successor in
<br />interest 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 !o.uccessor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument hy 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 the exercise: of any right or remedy.
<br />11. Successors and Assigns Boundj Joint and Several Liability; Co-signers. 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 paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />Instrument hut docr. not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and cOl1\'ey
<br />that Borrower\ interest in the Property under the terms oflhis Security Instrumenl; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; und (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 Notc witham
<br />that Borrower's consent.
<br />12. Loan Charges, Jr the: loan secured by this Security Instrumcnl is subject 10 a law which scts maximum loan
<br />charges. and that law is finally interpreled so that the interest or other loan charges l'ollcctcd or III be collected in
<br />conne:c1ion with the loan exceed the:: permitted limits, then: (a) any such lonn 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 to make this refund by reducing the principal owed
<br />under the Nole or by making a direct payment to Borrower. If a refund reduces principal, the reduction will he treated 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 />rendering any provision of the Note or this Security Instrument unenforceable according to its lerms. lender, at its option.
<br />may require immediate payment in full of all sums secured by this Security Instrument nnd 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 provided for in this Security Instrument shall he given hy delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shull be directed to the
<br />Property 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 staled herein or any other address Lender dc..-signates by notice 10 Borrower. Any notice
<br />provided for in this Security Instrument shall be deemcd to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Goyerning La,,'; Severability. Tltis Secunt)' InSlrumeJ1( shall be governed by federal law and the la"' of the
<br />j;;,,-,,!,.,jicLion in which the Property is located. In the event that any provision or clause of thi!s Security Instrument or the
<br />Nme conti:~lS with applicable Jaw, such conflict shall not affect other provisions of this Security Instrument or lhe Note
<br />which can be gi,,'~n effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are dcclared to !;\e severable.
<br />16. Borrower's Copy. Borrower shall be: given one conformed copy of the Note and of this Security Instrument.
<br />11. Transfer of the Property or a Beneficial Interest in Borrower. If all or uny part of the Property or all)'
<br />interest in it is sold or lransferret1 ~or if a beneficial interest in Borrower is !sold or tran!tferrcd and Borrower is not a nnlural
<br />person) without Lender's prior writh:."1 ,=Ollsenl. Lender ma)', at its option. require immediate payment in full of all sums
<br />secured by this Security Instrument. HOft'!'ver, this option shall not be exercised by Lender if excrci!l.e is prohihited by
<br />federal law as orthe date of this Security Illstruh;:'fll.
<br />If Lc:nder exercises Ihis option. Lender shall gl\'~ !torrower notice of acceleration. The notice shall pnlVidt.' a period
<br />of not less than 30 days from the date the notice is delivered or mai:..:;.;! within which Borrower must pay nil ~ums secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the eAi.:t<alion of this period, Lendt.'r may invoke uny
<br />remedies permitted by this Security Instrument "'hhout further notice or demand ui: Borrower.
<br />18. Borrowerfs Right to Reinstate. If Borrower meels cenain conditions, norf~wc:r shall have the right 10 hu\'e
<br />enforcement of this Security Instrument discontinued at any time prior 10 the earlier of: (a) ~ ..!",,'s (or ~uch other period as
<br />applicable law may specify for reinstatemen1) before sale of the Propert}' pursuan1 to any power d' ~ale 1.:11Iltaint.'c.J in tll1~
<br />Security Instrument; or (b) entJ)' of a judgment enforcing this Securil)" Instrument. Those conc.Jitinn~ ;:.rc that Borruwer:
<br />(a' pays Lender all sums which then \\'ould be due under this Security Instrumenl and lhe Note had Il~' lICL"clerUlion
<br />occurred; (b) curr.; any default of an)" other covenants or agreemenl.!l; (eJ PilY~ uU C:ApensL'!o incurred ill enllr:':ms this
<br />Security Instrument. including. but nol limited to, reasonable attorneys' fCt.~; and Cd\ take!'. ~uch lll:lJUIl a~ Lcndcl Ina)'
<br />reasonably require to assure tha1 the lien of thi~ Sccurit)' Instrumenl, Lender's fig}', in lhe Prnperl)' and BllrmWC['-,
<br />obligation to pay the: sums -.ecurcd b)' this. Security Instrument shall continue \ ~hilngcd l!roll rcm..lalcment h)
<br />Borrower. this Security In~trumenl and lhe ohligations. ~ured here:b)' !lhull remain 1 efTL'Ctl\t.' ll~ If III' il......clcratltltl had
<br />occurred. Ho.....elicr.thi!l. righllo reins;alc shall nol apply in Ihe ca!oC uf accdcrutinT1 ur, I'aru~r:lrh.. Illlt 17
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