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<br />if Lender rdiqufred mortgage irtsurancc as a condition of making the loan secured by this Swurity Instrument.
<br />Borrower shall pay the premiums required to maintain the insurance in cif :t 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 />#. lauffloctlost, Lender or its agent may snake reasonable en►rics upon and inspections of the Property. Lender
<br />shall give Hortower notice at the time ofor prior loan inspection specifying reasonable cause for the inspection,
<br />9. Contleaciscalkitii, 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 condcmnation, arc hereby
<br />assigned and shalt 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. whcthcr 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 />Wore the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid it) 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 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 Security Instrument, whether or not then (file.
<br />Unless 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 paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released, • Forbesrasee 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 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 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. Sacceawnt and Assigns Bousd; 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 be joint and several. Any Borrower who co -signs this Security
<br />Instrument bur 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'sconsent.
<br />12. Loss Charges. If the loan secured by this Security. Instrument is subject to a law which sets maximum 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 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. L.egialation Affecting 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 specified 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 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 be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severabdity. 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 Security Instrument or the Note
<br />which can he given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />.'%into arc declared to be severable.
<br />16. Berratser's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument
<br />17. Transfereflicle Property or a Benciet'eial Interest in Borrower. if all or any part of the Property or any
<br />inter"[ in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />rv.m) 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 exercised by Lender if exercise is prohibited by
<br />fecleiral law as of the date of this Security Instrument.
<br />If Lender r exercises this option. Lender shall give Borrower notice of acceleration. 'The notice shall provide a period
<br />c,4 rwA less ihan .30days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this .. •cosily Irisiru t. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />reretvli permitted by this Security instrument without further notice or demand on Borrower.
<br />14, s RISM to Relbscasair. If Borrower meets certain conditions, Borrower shall have the right to have
<br />e rifors Security 44 this Instrument discontinued at any time prior to the earlier of: (a) S days (or such other Mind as
<br />liva taw may specify for reinstatement) befitre sale of the Properly pursuant to any powcr of sale contained in this
<br />•urify Imirumard, or (b) eniiy of a judgment enforcing this Security instrument mhos conditions arc that dturro'acr
<br />tat;ayv Uender all turns which then would be due under this Security Instrument and the Note had no acceleraitort
<br />kcurredd (tai mates any default of any other covenants of aircernen1%, (c) pays all e,xpenws tmuircd in cnfofr::iny this
<br />eons) Its iturierrt, etroiuding, but nod limited toe, tteasonabic attuatncy%' fees: and (it) takes risch action ear I.codes may
<br />,C- ~rubhli naivete t" aiiAurr that the hen of this Sfturii.v lnsrrurnew, I- eider's rights in the itrdiperty and &orrnwcr's
<br />; i two, r,� i the sums w urxsd t" this Minty Insiturwrti %hail continue unchanged t1tion reinstatenidvit by
<br />Kte,--rr ihi% %ftuwt, Invrtumfni and tle e +hgawrns veto used hereliv shall remain fully effectivem it nos sele ruii.,n hwd
<br />=,a r w rezi )ti>wr�e ^t, tt,is tight t,,) reinarate vhaiI wvt apply iii tfir r eve of ace de"rid hill under;+aravraphs 1 lot 1"
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