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If Lender required mortgage insurance as a condition of trucking the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as time requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />S. Inspection, Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the timeofor prior to an inspection specifying reasonable cause for the Inspection.
<br />9, Condemnation. The'procceds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or ether 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 taking 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 he 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 offers 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 />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 riot 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 ofsuch 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 or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to 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 />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />H. 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 Borrower, subject to the provisions
<br />of paragraph 17, Borrower's covenants and agreements shall be jnint and several. Any Borrower who co -signs this Security
<br />Instrument but does riot 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 persmally 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 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 to it law which sets maximum loan
<br />charges. and that I— is finally interpreted so that the interest or other loan charges collected or to he 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 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 he treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13, Legislation Affecting Lender's Rights. It' 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, Lencicr, al its option,
<br />may require immediate payment fit full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted 5y paragraph 14. If Lender exercises this option, [.ender 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 delivering it or be
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed w the
<br />Property ,Address or any other address Borrower designates by notice to Lender. Any notice of Lender shall be giver, by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice In Borrower. Ariv notice
<br />provided for in this Security Instrument shall he deemed to have been given to borrower or Lender a hen riven as pn>vidcd
<br />is this paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall he governed by federal law and the lacy of the
<br />jurisdiction in which the Prupert-, is located. In the event that any provision or clause of this Security lnstrumen; or the
<br />Note conflicts with apphcable tau such conflict shall riot affect other provisions of Ibis Security lnsirtiment or the Note
<br />Much can be given effect without the conflicting provision. I'o this end the provisions of this Security Instrunieut and rho•
<br />Note are declared to be secerabie.
<br />16. Borrower's Copy, Borrower shall be given one conformed copy of the Note and of this Security. Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property of any
<br />Interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not it natural
<br />Person) without Lender's prior written consent. Lender may, at its option. require inonediatc paentent m full ofail sums
<br />secured by this Security Instrurncnt. However, this option shall not he excrciscd h} Lender it cxcr, iu• is plobilloed by
<br />federal law as o €the date of this Security Instrument.
<br />I!' Leader exercises this option, Lender shall give Horrower nonce of acceleration. I Ile noticc shall pn,ade a pcfinc3
<br />of not less than 10days front the dale file notice is delivered or mailed a!thin wluch borrower roust pay all cans secured by
<br />this Security Instrument. If borrower fails to pay these sums prior to the expiration of this period. Loader illy lm,-ke any
<br />reinedies permitted by this Sccurtty Instrument without further notice or demand on Horrowel
<br />18. Borrower's Right to Reinstate. It Borrower ineets certain cofldolons. Borrower shall hiite Ilic right to have
<br />enfotcartem of tilts Security Instrument ch cowomed at any tittle prior Io the c•ariie (If: (a) y aLiys our silch "Ificl p.rtnd is
<br />tl,plfcahie lain low, specify for reinstatement) heloic sale of the Properly pursuant r mi% p,.,ucr 4 f ,all nta,nc ! in this
<br />Soautsty Instrument: or (h) entry <.af a Judgment enforcing this Securry In '(Willem those
<br />tai pays Lender all sums which then would he duo under tills security Itv.Irt11M'nt and the 1 rc i,i 1 r Icrau�,n 1 ��
<br />x:ateirre,l. ihi, ones .any default of inns other aovcnanh oI agrecrocittn. f< t r :, Al cy;,tinsis n, ur r,i
<br />§xa aintE ts,s €tuna nit, uicludany;, hilt �u,t nulled tu, rcasoaiahle mlorneys cc.: anal ('11 i.akcs "[01 t ntac l
<br />`swats :till, rcga nc t•t assurc that Ilse !tell A fill, scci,tll% I list rum -nil. I.. fld cr'�
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