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<br />If Lender required moxgage insurance u 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 accor qV, sand Lender's written agreement or a
<br />tt. 105MI W. Lender dip >�t applicable law.
<br />shall give Borrower notice at the ti of le entries upon and inspections of the Property. Lender
<br />9, Cant xnatfow,° Rd, specifying reasonable cause for the inspection.
<br />The proceeds cMy stvyc{; C for damages, direct or consequential, in connection with
<br />eaY condemnation or other taking of any part o)f the topetity, 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
<br />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 />Wore 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 nooks 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 dote date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments,
<br />Ill- Burrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment modification of amortization of the sums secured by this Security instrument granted by Lender to any successor n
<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 ar 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 />11. Saceessors said Au f m Bound, Joint and Several Liabilit • Co-si
<br />this Security instrument shall bind and benefit the successors and assigns of l enddeer od Borrower, ubject to the agreements visions
<br />o(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 to mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument, (b) is not personally 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• Loot Chryles, If the loan secured by this Security Instrument a subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charFc-s collected or to 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 reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13, I:egislstlon ARecting Leader'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 specificd 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 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 acddress Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class trail to Lender's address stated herein or any other address Lender designates by notice it) Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when gnctt as provided
<br />in this paragraph.
<br />13. Governing Law; SeverAbility. This Security Instrument shall be 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 Securny Instrument or the Note
<br />which can be given effect without the conflicting provision, To this end the provisions of this Security Instrument anti the
<br />Note are declared to be severable.
<br />16. Borro*'eesCopy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17, Treaseloer Of the Preperty or a Beneficial Interest is Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent. Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall not be exctcis ed by Lender if exercise is prohibited by
<br />federal law as of 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 not leas 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 Borrowcr.
<br />I$- Borrower's Ri`ht to R *wMft. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security instrument discontinued at any time prior to the earlier of: (a) 5 days (of such other period as
<br />aPP"cable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in 1111%
<br />Security lnstrumem, or (b) entry of a judgment enforcing this Security Instrument Those conditions are that Borrowcr
<br />(4) pays Lender all sums which then would he due under this Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements: (c1 (rays all expense incurred in enforcing this
<br />reasonably e n l require it including, that two not limited o this s - reasonable attorneys' fees; and (d) takes such acnon as Lender may
<br />require to assure tha6 the lied of this Security instrument. Lender's nghts is the Property and Borrower's
<br />obbomi(t) to pay the sums scoured by this Security instrument shall continue unchanged. Up,in rculsuctcmrnt br
<br />Borrower. this See:unty Instrument and the obligations %muted hcreby shall rennaon fulh effcctnc no accelcranon hod
<br />,scoured llowcvcr, tlms right to reinstale shalt not apply in the case m accelerduon ender Larrgrahh, f t nr 1 ?
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