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If Lender required mortgage Insurance as a condition of making the loan secured by this security Insnumeenf,
<br />Borrower shall pay file premiums required its maintain the insurance in effect until such time as the requiremetat for the
<br />Insurance terminates it) accordance with Borrower's and Lender's written agreement or applicable law.
<br />8. Inspection. '_Lender or its agent may make reasonable entries upon and inspections ill' tile Property. lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying rezasonahle cause for the inspection.
<br />9. Condemnation. 1-he proccids'of any'award or claim for damages, direct or consequential, in connection with
<br />arty condemnation or other taking of any part of the property, or for conveyance in lieu of condcmn.ation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of lite. 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. lit the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree fit writing. the Burns 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 (h) the fair market value of the property intntediaiely before the taking. Any balance shall he
<br />paid to Borrower. .
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that Cite condemnor offers to
<br />make an award or settle a claim for damages, Borrower flails to respond to Lender within 30 days after the elate the notice is
<br />given. Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to 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 shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount ol'such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower c,r Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against :illy utcccssor in interest or refuse tai extend time for
<br />payment or otherwise modify amortization of the sums secured by this 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 />"hall riot be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; 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 Burrower. 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 but does not execute the Note: (a) is co- signing this Security Instrument only tc. mortgage, grant and convey
<br />that Borrower's interest in the property under the terms of this Securty Instrument (b) is not personalh obligated to pay
<br />the sums secured by this Security Instrument: and (c) agrees that Lender and any other Borrower rnay 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's consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject fit it law which sets maximum lotto
<br />charges. and that law is finally interpreted so that the interest or other loan charges collected or ro be collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan 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 he 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 redLIUS principah 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 terms, I.Crlder at its 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 the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by dcfivermi; it orb
<br />mailing it be first class mail unless applicable law requires use of another method. The notice shall he 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 (sender's address stated herein 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 />Ili this paragraph.
<br />15. Governing Law; Severability. This Securitv Instrument shall be governed by federal la:y and the law of Cite
<br />jurisdiction in which the Property is located. lit the event that any provision or clause of this Security Instrunicnl or the
<br />Note conflicts with applicable law. Such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. Lo this end tine provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />lb. Borrower's Copy. Borrower shall he given one conformed copy of the Note and of this Security Instrmment.
<br />17. Transfer of the Property or a Bencticial Interest in Borrower, 11 all or any part ill' OIL- property or any
<br />nterest in it is sold or transferred for if a beneficial interest in Borrower is sold or tauStit'red and Borrower is not it natural
<br />person) without Lender's prior written consent. Lender rnay, al its opliun, reyttiic irnsnediate payment in full of all stuns
<br />secured by this Security Instrurncnt. however. this option hall not he exetciwLl by Lender if exercise is prohibited by
<br />federal law asofthedate of-tills Security Insuument.
<br />If Lcnder cxcrcises this option, Lender shall give Borrourr notice of.K:Meralion. 'I he nonce shall pro% idc a period
<br />ofnot less that; 30(lilys from tile. date the notice is delivered or :nailed within which Borrower must pay all wnt "col"d by
<br />this security Instrument- it Borrower fails to pay the-,c sinus prior In the expiraturn of this period, Lcnder may im,)ke any
<br />rerneatespermitted by this Security Instrument without further noticeordaxnand on Borruwcr.
<br />18, Borrower's Right to Reinstate. If Borrower meets certain ct,nduinus, Bornoycr Shalt have the right to }urvc
<br />vaf<n ,ecru to of this Security Instrument discontinued ill any 11111c prior t,_, the canter of (a) days io1 utch other p'1 It'd aS
<br />appiicahlr law rnay specify for r'cim=talcincM 1 hcfot szrly "1 the Pn;prrty pursusult to .try pity+er of ,Ih: cnntainccl to ihiw
<br />S,; urr[y lirStrctvnent, nr 117) cnir} �>f a judknttnt anlbtc ag this sec11111t In.,trt:rncnt I tin _• ci:111 um err (het t(„rr<�cv,n
<br />(a? pan °, I enal;a all 'um, Ill, it than wmdd tx tine itard::r till, sccuniy lnsin1niknt and 111, ti „tr h;+c1 u� ic�.ticr,u,�ni
<br />c tstr ds (h) wore °a rty dr�fraul€ of :rriV ulhc °t otwt�ttanls nt all t!'pol",� o!' 111o'd in 11w,
<br />' eo:.ur rte Inoirsrr. �[nl. iriGltidin W, hat not Iitnitc°cl tu, rr,tsuttahle a1foritt-,,, lick. ;aid itl; f.,Il l a, mj
<br />�.asc� +c,afolti zewe ry that 11w 111:11 of tin, Sc'-u ire lnslrumt °nL I -mdtt l m I lloll —u,
<br />,titsg.e w tar l ,s =C(: rcrl h, thte sv- tIo i hilltruo:e:nr 711ail "'m mLi :ot<lrn cid I' „
<br />I .:u,r;� f,! .roil the, t>hKt +turn „e�(.�trrtf ttct, Lo- t'd! �..utt..i �itll” ,' ; lI'd
<br />..35P . 1 tf.,rS flu: :?hs ta; r„s••.t tf,; vJfn 11 i, }r ti(`( �, n the' ru' f , .. ., n , at -1 �.
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