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if Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shalt 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 or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall gn a Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
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<br />9. Condemnation. The proceeds of any 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 shall be paid to Lender.
<br />in the event or 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 />s unless Borrower and Lender otherwise agree in writing. the sums secured by this Security Instrument shalt 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 />f;- paid to Borrower.
<br />if the Property is abandoned by Borrower, or if, after not;y c by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fads to respond tz Lender within 30 days after the date the notice is
<br />green, Lender is authorized tc collect and apply the proceeds, at its opnom either to resioratwn 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 wntm& any a ppait ation of procceds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragzapbs 1 and 2 or change the amount of such payments"
<br />10. Borrower Not Releaiieii Forbearance By Lo ier %at a Winivitr. Farteriaor: of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted Lender to any successor in
<br />p Borrower's
<br />- interest of Borrower Shall not operate to release the habtht) of the ryr'igtmxi BMTower or Borrower's succGmSOTrs in intefLSi
<br />Lender shall not be required to commence proceedings against am t amsor in interest or refuse to extend Claw for
<br />payment or otherwise modify artioniration of the sums secured M this Scccarity Instrument by reason of any demand made
<br />by the original Borrower or Porrower's successei in interest Any C7-rt-a. t-y Lcnder in exercising any right or remedy
<br />shall ne+t be a waiver of or precJude the exercise of any right or -emetdy
<br />11. Snc[einiorii and Anignis Bow Joint and Ses:ral I r. Cogs. The covenants and agreements cc
<br />this Security Instrument shall bind and benefit the succesticts and assi>girs of Lender and Borrower. subject to the provisions
<br />of paragraph l Bor r: wer's covenants and agreements shall he j{�ir aa�td wirer al An- Borrower who cosigns this se�zrrry
<br />Insirument but does not execute the Not[ tai is co - stgnrng thin AW pry Instrument only to mortgage_ grant and convey
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<br />trust Borrower's interest its the Property under the terms of this Secumir Instrument. (b) is not personally obligated to pay
<br />the stuns secured by this Security Instrument. and ter) agrees that Lcode and arty alter Borrower may spree to watered
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<br />s —fy, fir or make ens accom-nodat tons with regard to he t. of the Secianty Instrument or the . e wishout
<br />n
<br />that Borrowers consent
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<br />12. Lana Ckarpsa If the loan secured by this Secur ny Insinswient is sallijett to a law which sets alaitunum loan
<br />charges. and that Law, is finally interpreted so that ibc +etrest or other loan charges colimied or to be coiketed m
<br />connection with the loan exceed the permitted limits, than tat any such loan charge shall be reduced by the aaouw
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<br />n[ctasan to reduce the charge to the permitted limit- and (b) any suns. already eollwitid from Borrower which czteeded
<br />- per Tutted h€rins will be refunded to Borrower I.e'nder may choose to raakt thits refirnd brr reducing the principal owed
<br />under the Ntue M by making a direct pavrneni to Borrower If a ncfuW rd ues p ruicipaL the reducttoo well be trealed as a
<br />al3w;r spay^ - iwithout an } prepayment charge under ,be
<br />13. Legislation Affecting Lender's Rigbts. If enactment or exptrancir t%f applitcable laws has the effect of
<br />" renclentig any provision of the Note or this Securing instrument unenforc -cable a�---nding bo its tears, Lender. at 2s ol:srvm-
<br />inlay require immediate payment in full tAr all 5.lii-- ieC.irid sir t:_n Sit -uwx I- Ss=Jixw and may tw'vi�k[ ant retReditc, .
<br />permitted by paragraph lu if Lender exerctses this oj:iucn, Lender shall take the saris specified in the second paragraph of
<br />paragraph I'
<br />14. %tatieea, Any notwit to Borrower provided for to this Seruryty Instrument shalt be growl by delivermg it or tie
<br />mailing ;1 by first class nail unless applicable law requtres use of another minhistod. The notice shall be directed to the
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<br />Property Address or any other address Borrower designates by ri itice to Leader Any notice to Lender shall be given by
<br />first class redid to Lender's address stated heam or any other address Lender destrsates by notice to Borrower. Any notice
<br />provided for in this Security In S ?. im.ni t ii A in 4sye t+ e + e t is Bar r t r�iar t _en rtir^a g proyt led
<br />- in this paragraph
<br />IS. Governing Law; Severability. This security instrument shall he goyerncrd by federal law and the taw of the
<br />jurisdiction in which the Property is loci ed- In the evcnt that any pro%tsxon or clause of this Security Instrument or the
<br />Note con .nets with applicable law, such conflict shall not affcci other provisions of this Security Instrument or the Note
<br />w hick can lye green effect without the conflicting prcvtven To this end the prcwatons of this Secunty Instrurn nt and the
<br />Note are declared to be severable
<br />16. Borrower's Copy. Borrower shall be given one Lonformed c ,py of the No`c anal of this Security instrument
<br />17. Transfer of the Property or a Beneficial Interest is Borrower. If ah ,-r any part of ?he Property ca any
<br />interest in tits sold or transferred for if a beneficial interest in Borrower s said or transferred and Harrower K not a natural
<br />person b without Lender's prior written consent. Laker may, at its option, require immediate payment in full of all ruins
<br />secured by this Security Instrument. However. this Vicrn shall not be cx cisrd ivy Lender if exercise is prohibited by
<br />federal.— as L the date of this Security Instrument.
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration The notice shall provide a period
<br />of nct less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower
<br />It Bwmwer's Right to Reinstate. If Borrower gets certain conditions. Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earner of (a) c days for such other period as
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<br />applicable law inay specify for reinstatement) before sale of the Property pursuant to any power of sale contained in thns
<br />Secuni, instrument, or (b) entry of a judgment enforcing this Secunty Instrument Those conditions are that Borrower.
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<br />ia1 pays Lcnd_r all yums which then would be due under this Security Instrument and the Note had no acceleration
<br />occurred, thi cure, :iny default of any other covenants or agreements. bc) -mays all expenses incurred in enforcing this
<br />- Securty Instrument, imiuding. but not limited to, reasoriabic attorneys' fees. and tdt takes such actron as Lender may
<br />rcay,ariahl% reyu,ur in assure that the hen of this Secure) instrument. Lrnder's nght% in the Property and Il err, aces
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<br />mfitifasti..'n �:• pan the sum% %c,urtmd by this yc,urtt% lnsirumn nit shall continue unchanged Upon reinstatement hs
<br />hicxrowcr. this %etUt11% Instrument end the „bhgatifin%secured hereby shall remain fully Ore, ti%e as if no ac.eleratwr had
<br />*.:curry,+. 14, +we,er. ibr, right w reanstair %hall f—t apply in the .aw idacs,-icrat,on und,i ;wragraphs ! 3 IT I'
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