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87, 101211
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument.
<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 Borrowers 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 time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages. director 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 he paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall he 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 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, do ided 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 ±0 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 thesums secured by this Security Instrument, whether or not then due.
<br />t nless 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 pain ._phs 1 and 2 or change the amount of such payments -
<br />10. Borrower Not Released; Forbearance By Lender '.Bert 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 />tntcrc�t 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 h} thiSSecunn Instrument by reason ofany 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 w aiver of or preclude the exercise of any fight or refiledy
<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 Borrower, subject to the provisions
<br />of paragraph 17 Borrower's covenants and agreements shall hey mt and Several. Any Borrower who cti -signs this Security
<br />Instrument but does not execute the Note: (a) a co- signing this SrL-unty Instrument only to mortgage. grant and conyev
<br />that Borrower's interest in the Property under the terms of this Securty Instrument, (b) is not personally ohlieated to pay
<br />the sums secured by this Security Instrument; and (e) agrees that Lender and any other Borrower may agree to extend
<br />modify, forbear or make any with regard to the terms of this Security Instrument or the Note without
<br />that B,rrower'sconsent.
<br />12. Loan Charges. If the loan secured by this Snunty Instrument 1, subject ti- a law which sets maximum loan
<br />charges. and that law is finalh interpreted so that the interest or other loan charges collected or to be collected .a
<br />connection with the loan exceed the permitted limits. then: (a) any such load charge shall he reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already sY>ilecled from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender ma% choose to make ihn refund by reducing the pnncipal ow xd
<br />under the Note or by making a direct payment to Borrower. Ifa refund reduces principal, the reduction will be 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, Lender, 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 to the second paragraph of
<br />paragraph IT
<br />14. Notices, Am notice to Borrower provided for in this Security Inst: anent shall be given by dehvenng it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender_ Any notice I. Lender shall he given by
<br />first class mail io Lenders address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Secunty Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in ;his paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall lie governed by federal law and the law of the
<br />jurisdiction in which the Property is located- In the event that any provision or clause of this Security Instrument 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 he uiven effect without the
<br />Conflicting provision. To this end the provisions of thi, Se-: unn Instrument and the
<br />Note arc dcciared to he severable
<br />16. Borrower's Cop). Borrower shall he giver, one confirmed copy = *f the Noic and of this Security lrtstrunient
<br />1 ". Transfer or the Property or a Beneficial Interest in Borrower. if all or any part of the Property or any
<br />mteres[ in it is scold or transferred {or if a beneficial interest in Borrower is u11d tir transferred and Borrower is not a natural
<br />person) without Lender's prior written, consent. Lend_ er may_ At u_v vnruw TequIri. fninicti—le p-3vi enil . fall _.-..ii _ __l_
<br />secured by this Security Instrument 1lowoer. this opnon shaii not he exe *crsed by Lender if exercise is prohibited by
<br />federal law as of t he date oft his Secuni v I ustrumen t
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than' 0 days from the date the notice is delivered or marled within w hrch Borrow er roust pay all sums secured by
<br />this Secunty Instrument. if Borrower fails to pay these sums prior to the expiration of this period. 1 ender may invoke an-
<br />remedies pernuited by this Security Instrument without further noticeordrmand on I3 irrower
<br />19. Borrower's Right to Reinstate. If Borrower meets certain conditions, liiirrowcr shall have the right to have
<br />enforcement of this Security instrument diuontinue d at any time prior t,i the earlier it (ii) ` days for such other period as
<br />3°"!lcabk. ! =- .n.'• ',Pccifi i -r —imaicir ens r 7Miiire safe of the I'10 tYi
<br />pe pursuant ; o any n «wyr i;i sale ci +ntaired in th;0
<br />Security Instrument: or (b) entry of it judgment enh,rcing this Security irrs.rumrrit i Bosse ci,nil_tions art that R- irroiwei
<br />(a) pans Leader all sums which then would he due under this lecunty Iristnnnent and the Noic 11,4,1 no e.ycL rutu,ir
<br />occurred, ib) cure's any default i,( any other covenants Of agreerncnts, ic, pays ,,I , vl crises incurred in enlotcini; this
<br />Security Insinutieut uicladrng. hue Hill lrmted to, rcasnnahie atmrneN, !c,,, and id t.ikc, such .1,r1„11r es 1 ender ,a.n
<br />ri:A.41461y reyute t" assure that the lien of tills Security l fist rumcnt. I rndcf's rights in the l lopcitt .on.i lh,rr.•urr s
<br />uhhgatitin r, pay the vurns secured by this Security Instrument ,hAl , vctiaus u,l,A.,necd l p.. -� iyF ;i,t_nr�ticni by
<br />ii *rr „wri ilia 4k ,. ufuy lnsirumctn .aid the „hli(tatrms we °wrcd hrtrhi - .h.ti! rrii�.un !oofii �•fl,, ttt- „<l ;.r,tnii l�.i, +,
<br />�„ lurid ill• :vr —r ills, light t,i n•tti >laf, 01.111 n 4 eliply ill the- _arse- 4.i,. rii-r.t;, j oic.',i,i Psi* i,v , 11, + ;
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