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if [.ender required mortgage insurance as a ccutdition of making the !glen secured by this Security instrument,
<br />Borrower shall the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance (et�ian in acccgdrince with Borrower's and Lender's written agreement or applicable law.
<br />®. 1 Le rider or its agent may make reasonable entries upon and inspections of The Property. Lender
<br />shall give Borrower notice at the time ofor prior to an inspection s
<br />,, Pee reasonable cause for the inspection.
<br />flan, The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation sal or calker 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 Properly,
<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, 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 t he 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 Secunty Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of pr ceeds 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 of 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 at release the liability of the original Borrower or Borrowers successors in interest.
<br />Lender shall not he required to commence proceedings against any succesxr in interest or refuse to extend tame for
<br />payment or otherwise modify amortization of the sums secured by this Security instrument by reason ofany demand made
<br />b}' ttie original Borrower or Borrrower% successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall nett be a waiver ofor preclude the exercise of any right or remedy.
<br />IL and Assigns Bated; J01111111 And Several Liability; Co- signers. The covenants and agreements of
<br />this Security Im_strumenl shall bind and benefit the successors and assigns of Lender and Borrower° subject to the provisions
<br />0f raragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />Instrument but does nor 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 Secur
<br />fle it), Instrument: (h) n not ptcrsonally obligated to pay
<br />e sums secured by this Security instrument; and (c) agrees that L.cnder 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 />Ihar Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject too it law which sets maxtmurtt loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges 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 be refunded to Borrower Lender may choose to make this refund by reducing lite principal owed
<br />under the Note or by making a direct payment to Borrower. lfa refund reduces principal, the reduction will he treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Leader *% Rights. If enactment or expiration of applicable laws has the effect of
<br />rrndcring any provision of the Note or this Security Instrument unenforceable according to its terms. Lender, at its ()piton,
<br />may require Immediate payment in full of all sums secured by This Security Instrument and may invoke any remedies
<br />paragraph by paragraph 14. if Lender exercis
<br />paragraph 17. es this option, Lender shall take the steps specified all the second paragraph of
<br />10. Nodes. Any notice to Borrower provided for in this Security Instrument shall he given by delivering it or by
<br />visiting it by first cla s nail unless applicable law requires use of another method. Che notice shall be 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 Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall he deemed to have been given to Borrower or Lender when given as provided
<br />In this paragraph.
<br />15. Governing L-aw; Severatbility, plus Security Instrument shall he goserncd by federal law and the law of the
<br />jurisdiction in which the Property n located. In the event that any provision or clause of thus Security Instrument or the
<br />Note inflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />winch can be given effect without the cont]
<br />rctrng provnswn. 10 this end the provisio rs of this Security instrument and the
<br />Note arc dea:larrel to be severable.
<br />16. Borrower's Copy, Borrower shall be given one conformed copy of the Note .and of this Secant N. Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />intcrost tit it is sold or transferred (or if a beneficial interest in Bra rower is sold or transferred and Borrower is not a natural
<br />person! without Lender's prior written consent, lender may, al its 11 111. require Immediate payntenl of full of all sutras
<br />secured by this Severity instrument. However, this option shall no, be exercised by Lender of exercises prohibited bv.
<br />federal law as of 1 he date of lilts Security Instrument.
<br />if Lender exercises this option, Lender shall give Borrower nonce of acceleration. The notice shall proyidc a prenod
<br />of naol less than 30 days froth the date the notice is dcineretid or marled within which Borrower must pay all sutras srcurcd od
<br />€hra Sft'urgty Instrument. If Borrower fads it, pay these sums pnvr to the in Which of rhos ermus Lender may ua coke env
<br />rcntedles permitted by this S",urity Instrument without further notice or demand oat 1f fins er,
<br />1101, grower's Right to Reinstate. If Borrower rnrels certain conditions, borrower shill) have life right to have
<br />csaforcemctia of this Security Instrument discon turned at any time prior to the earlier of. (a) 5 days (or such ocher Ix-riod as
<br />applicabla• law ma) specify for reirwlalenrcnt 1 before sale. (it' the Properly pursuant to any power of sale colat;uned In 1111%
<br />Seyurtiy Instrumcn€, or (b) entry cif a Judgment enforcing this Sccturay instrument those cundtuons arc Ihal Borrower
<br />fat pays Lcnkr all or
<br />which Then would he due under this Security Instrurnenl and the Norc had rn, f Iloerir of
<br />secutrost. (b) cures any default of any other covenants or agreements. fc) pays all expxitses uu•urred u, entirt,:nl$ this
<br />ur,t) Isaslraentenl, Including, hill not Irnaled It), reasonable alto,rae)% fres, and (if) takes such action .as I.en,lcr nnas
<br />reav�riAhl) tcaioaare ,n io % %ure that the hen of this Satcurtly Illlournenl. I enders (if) an €he. lony+rrty an,l Blithe, 11.
<br />bait trl, tsi pat the sutn% wtuiral by Iles 'K-tuniv Instrurent Ofall e+ontmue unchanfa^t 1'p n rcvnstalcia,nr tit
<br />Bi =rr�.wer 1@
<br />his t arroay trsstraaniai,t *tad the olohgarrons sevurcol hereby shall rvinafn full* of couca ,as if n„ ;i�crlerati,vt I:a,!
<br />. e»rre`F® ti we � rr. rtrie right to ieyr »state shall n,�! apply ter the ease �,f xc,
<br />ricrtn.�n un,f, °r p;vec'fa ;h. I t �r �'
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