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If Lester required mortgage insurinnor as a conditiam of slaking the loan secured by this Security In-
<br />struty en I, Borrower shall pay ttie prrIn fums required To maintain the insu fit uce ifs effect until such time as a requirement for
<br />the insurance termfnares in accofdancr with Borrower's and tender's written al;reviluctit or applicable law.
<br />W Inspection. Lender or its went may stake reasonable citrus upon asst inspections of Tim- Pniperry. Lender shall
<br />give Bcirruwet fultice at the tune Of tit prior to an insproaion specifying reasonable cause for the inspctctiun.
<br />9. Condemnation. The prtxerds tat any award of claim for damages, diner or consetluenual, in MIIlitcIit>n with any
<br />t utitfrmnation or other taking of any part of the Ilroprrry, or for ctsnveyancr in lieu of condemnation. Are hereby assigned anld
<br />shall be paid to Lender
<br />In the event of a total rAking of the property. the prtxeeds shall he appliol To rate sums secur(A by this Security
<br />Instrument, whet heror pat then dur, with any excess paid to Burrower In the rvent of a partial taking of the Property, unless
<br />Wwrower atxi Lendcf ,it Ile rwi %e agree in writ ing, the Bunts secured by this Sentrny Instrunlent shall rhr frducei.1 by rhr amount
<br />of flat firm" is multiplied by the following traction: tai the total amount of the sums secured immediately Wore skiing,
<br />divided by t ht the fair market value of the Property imintchalely before the taking, Any balance shall fire }said to Borrower.
<br />Italic Property m abaridoncwl by ltatrtlwtl', at- it, after notice by Lendt-r rto Borrower that true comtlrnuaonlffer,, uo make
<br />an award or settle A oaten fur darnagcs, I'mrrower fads to r -spcmd to I- ender within Oil ,lays after the Aare the norice is given,
<br />Lender I%Authioriztd to collect and apply tllc prtx:ectis, at its option, either to restoration or repair of rile Property or To the
<br />SUMS WcAlrod by this Security Insirumrnr, whether or not then life
<br />lfnless Lender and Borrower otherwise agree in writing, any .apphtarion of priate•eds to ptimil,.sl shall not extend or
<br />pxistpone The due date of rhr inAmthly payments referred to in paragraphs ! and -1 or change the :,mount of such payments
<br />Ill. Borrower Not Released; Forbearance By Lender Not a %laiver. Flotension of the Time Fur payment or
<br />tatcxlifirrrislno(amutti�ation at the sums securtrcl by chic Set urity Instillment grante 1 by Lender to any successor in interest of
<br />Borrower shall 1149 operate to release the liability of the original Borrower or Borrower s stltcessofs in interest. Lender shall
<br />nix to required to coninitnte prtx:rclsngs against any successor in interest or refuse tit extend time for payinctir or otherwise
<br />iiltxlify anitartization of the sums secured by this Security Instrunlent by reason of any demand made by the original Burrower
<br />or Borrower's successors to interest. Any forbearance by Lender in exercising any right or remedy shall not lic a waiver of air
<br />preclude tilt exercise Tat any right or rernecty.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of this
<br />Security instrument shall hind and benefit rhr successors :and assigns of Lender And Borrower, subject to the provisions of
<br />Paragraph 17 Borrower's covenant, and agreements shall be lotnt and several. Any Borrower who to- s:, {ns this Security
<br />Instrument but does not execure the Note, r a 1 as to'signiatg this Sccurmy instrument only to mortgage, grant and convey that
<br />Borrowers interest in the Property under the rettnstit this Security Instillment; obi is not personally obligated uo pay tilt
<br />sufrat�s� secured by this Security Instrument, and tc i agrees (hat Lender and any other Borrower may agree to extent!, modify,
<br />forbear or make any atCtemfihxlatFTlri% with regard to the terms of this Sei'ority Instrunlent or the Note without dial
<br />Narrower 's consent. '
<br />12, Loan Charges. it The loan secured by this 4eturity InstrT.ancnt is subject To a law which sets maxiinuna loan
<br />charges, and that law is finally interpreted sal char the uirrtcsr or other Iran charges collected Of sa be tolireted in tonnection
<br />with the loan exceed rile pernimcd limits, alien t a 1 any such loan thargr shall be reduced by the amount netessary to reduce
<br />thecharge totim permitted litnit, and rbt any %unis afrcady collected ffiasa Borrower which exceeded permitted limits will tit
<br />refunded to Burrower. fender may chtxose of make this refund by reducing the principal owed under the Noteor by snaking a
<br />direct payment to Mortimer. If a refund redutes principal, tile re.luction will he treated as a partial prepayment without any
<br />prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration tit appliLible laws has the effect of rendering
<br />any provision of the. Noteur this Security Instrument uticni orceible auurding to its terms, Lendrr,.at its option, may require
<br />immediate payment in full of Ali sums scouted by rills sieturity Instrument and may invoke any remedies lrmitted by
<br />paragraph 19. If Lender rxrrcises this option, Lender shall take tie steps specified in The second paragraph Tit paragraph 17.
<br />14. N[TttCes. Any Imitate to Borrower provided (tit 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 inethtxk. The notice shall hr directed ro rhr Property
<br />Addressof any other address Burrower designates by notice to Lender. Any notice to lender shall lic givers by first class mail
<br />to l.ttitier's addrrss stated herein or any other address Leruler designates by notice to Borrower. Any notice provided for in
<br />this Security Instrument shall be deenxd tai have been given to Borrower or Lxnaitr when given as provided in this paragraph.
<br />15. Gtsverning Law; Severalsility. This `security Instrument shall be governed by federal law and the law of the
<br />jurisdli €Ti,lon Era which tine Property is locaurd. In the event that any provision or t lau.w (it tilts i?rtTtrity Instriii -Twitt or rile Note
<br />i:ontla4:ts with applu.aflic law, stat:h eianllitt shall not affctt other provisionfsot rhls yct.ufay InstrTn wilt 111 the Mott' white tan
<br />be given effect withhsut tilt tonihcnng pruviston To this end rile provision) of this tic c'unry Instrument anti ncc Note arc
<br />divdired to be severable
<br />16. Borrower's Copy. Burrower shall be given one conforned copy of tilt- Notc and of this Sct uriry Instrument
<br />I?, Transfer of the Property or a Beneficial interest in Borrower. It all or any part of the Property it any
<br />interest in it is saitJ or transferred tot if A In °nrfi(ial interest in Borrower as sold or transferred and Borrower iv not a natural
<br />person) withtatit l.r is priaot written Loment. Lender inay, at its option, require immediate payment in full of 1111 sums
<br />reef lry this Security Instrument. Howtvrr, thisoption shall not he exert rsed by Lender if exercise 1% prohihiaed by te,+irr.al
<br />law in oaf the date tit this Security Instrument.
<br />If iart srexrro'iress rktis option, lcocier shall w;ivt 1114u rower Tlotue ut acceirranon The tuotite shall pro,.Ov a periodiA
<br />r leviathan btltlays from tie date rile (sprite is dthvered of trailed within which B+irrowcr must pay :Ili sums set nrUd by alias
<br />sartifirlily Instrurnarrit, If Lhirrower fails to par test sutras prior to the expiration of this period. Lender naay unokc any
<br />remedies, porf fitted by that St-eurity Insifunwnt witf"Mt ftaffher notice or drmand oo Borrower
<br />I& Bttrrattiveis Right to Reinstate. If Lliirrower laurels certain eonduions. Borrower shall hair tilt• Tight to have
<br />t2 Acetrxraac o$ this c:urhy instrument disaontinereti At :any tints prior o, the earlier cif i,o ;; days cur such order In rivai As
<br />-ppIK&bk law may %pftlly for eels %raarnatnt? before sale all the Propurry pursuant io any power of sale cnntainrd nn this Sr
<br />entity It- trcanwnt; tat' !hf entry` ill a judge m enforcing this .4teunry htstrument. Those tonthtiom art• rll,it Borrower 1 .t i
<br />Vartrwirt, allxurriswhichthenwould I dew tinder the %SctitriryInslrtutcru and rlarNotc load n „cvlrrailentoct tit 1r,l, to
<br />wales yc f eleof Any sathe irtoaivenanls tit agfeirmk'nt %.4t.; pays : allexpencrs i11( mmstinenforsany ;Tins� "colt uthisiltltnuilt,
<br />i `kWrttg, t rest hoorrut4 tit, t&amxai� Attoar a Ides; and Id take% 411, It atri'm as I rlxlt`1 mAy rrAStut,ahh rtwluttr r,. as
<br />fat ohill Ow Iwo cA tilt% sit -cui fly lnttranrtow, I Vfxlet', rights tit the 11to14.1 €y .arid Nq n wrr's lllifig.mi,o ±o I +av 1 ht stela,
<br />rased the softl0iti ltl %trrnnwnt %faall (oniume utulijbite l 1`(ato o'Inst,atrntttlt In ftnrr,1%krt_ 11,1s rri;r:t% Insotir=ta w
<br />imi Ow st^sarrc•d hcrthi, shall resixen fuifr fill 4ft,r as 14 s,,, At "It”, ", i,a,1,a,,.1�P <,'
<br />frft alr %Bvoll fora oppty to Ow 1, iow, rsf attritratuaat asrrier 11ar. =ga.4t,h, ; b „r !
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