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if Lender required W. "gage insurance as a condition of making the lam securctil by this Security Instrument,
<br />likirrossef shall pay the premiums rquired to mitiniiiia ills insurance in effect until such lip as the r"Pirinsowl for she
<br />towtafte tormartittes, to accordance with er's and Lco4orr's written agreement or applicable law.
<br />A. losomptivirloss, Lefton or its Wet may make reasonable entry upon and intipections of the Property. Lender
<br />I $o a Borrower notice at the time One prior to an ' ticut Wevifyins r rouse for the in. tom,
<br />9. Coodarissitition. The proceeds of any award or claim for damages, director coasequiralial, in connection with
<br />any condemnation cr other taking of any part of the Property, or fief conveyance in lieu of condemnation, are hereby
<br />awgivedi and shall be paid to Lender.
<br />In the event of a total taking of the Properly, the prof: s shall be applied to the sums secured by this Security
<br />Instrument. whether or nit than due, with any cum paid to Borrower. In the event of a partial calling o f fly Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this -unity 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 val.- A the Property immediately before the taking Any balance shall be
<br />paid to Borrower.
<br />U the Property is abandoned by Borrower, or of, after notice by Lender to Mxrower that the condemnor hers to
<br />make an award or settle a claim for damages. Borrower falls to respond to Leader within IA 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 od'the Property or
<br />to the sung 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 due date of the monthly payments referred to in paragraphs I and 2 or change the amount ofsuch payments.
<br />all. Borrower Not • Forbearam By Leader Not a Waiver. Extension of Ike time far payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by (..ender to any successor in
<br />interest cif Borrower shall not operate to release the liability of the original Borrower or Borrower's succemrs in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to externd time for
<br />payment or otherwise modify smonizalioa of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower cr Bnrower's successors in interest. Any fiorbearance by tender in exercising any right or remedy
<br />"I not be a waiver of or r preclude the exercise of any right or remedy.
<br />11. sued Bowgk; JWnt and Severrtd 1. *Miity; Casigsers, The covenants and agrernienis of
<br />this Security Instrument shall bind and bencht 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 but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey
<br />that Brrower'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 stake any accommodations with regard to the terms of this Security Instrunxnt or the Note without
<br />that Borrowon'sconsent.
<br />12. Last Cam. 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 sot that the interest or other loan charges collected or to be collected in
<br />cormirciton with the kum exceed the permuted 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 chore to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower If it refund reduce% principal, the reduction will be treated ass
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation 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 rc4u re immediate payment to full of all sums secured by this Security Instrument and may invoke any rcmedm
<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. latices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering at or by
<br />mailing it by fins class mad unless applicable law reyutres use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Under. Any notice to Lender shall be given by
<br />first class mall to Lender's address dr stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for on this Security Instrument shall be deemed to have been given to Borrower or tender when given as provided
<br />in this paragraph.
<br />15. Law; SeveraWlity. This Seeunty Instrument shall be governed by federal law and the law of the
<br />jurndictson on 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 cars be given effect without the conflicting provision. To this end the pnivnsuns of this Security instrument and the
<br />:Vote are declisted to be severable.
<br />16. 's (opy. Borrower shall be given one conformed copy of the Note and oaf this Security Instrument.
<br />17. Transferafthe Property or a Beneficial inic:`aat in Borrower, If all or any part of the Property or any
<br />interest an it is sold or transferred (or ifs beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without 's prior written consent, Lender may, at is option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However, this c,Eticn shall nor be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security 1 nsi rument.
<br />If Lender cxercises this option, Lender shall give Borrowcr notwr (if accelcrai ton "I he nonce shall provide a period
<br />oftm less than 30 days from the datrt the notice is delivered m mailed within which Borrower must pay all sums secured by
<br />this unity Instrument. If Borrower fails to pay them sums prior to the expiration of this period, !..ender may invoke any
<br />firmedies permitted by this Sac unty Instrument withou i further notice or demand eon Borrower.
<br />18. rower's RI& to ROMMe. If Borrower mcets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prtoi to the earlier of: (a) S clays for such other period as
<br />law may specify for retnstatement) before sale of the Property pursuant to any lower of laic contained in this
<br />oliestirtt) Instillment. or (by entry of a judgment enforcing this Security Ittatrurneni Those conditions are that Borrower
<br />(at pays Lender all sums which then would be due under Ibis v urily Instrument and the Note had no acceleration
<br />t curio d. (b) (,urn any default of any fiber revenants in agreements. ic) pays all expenses incurred in cotforcang this
<br />%ftwnoy !mrruini nt, oneluding, but Oita lomored do, reasonable attiirneys' (Cos, and (d) takes such action as I..eiudet nigy
<br />reavtftatd} r (9 trr trionart that the of this uraiy Insaruinew, fender'% rights in the ('top^tty and thnfiiatr'v
<br />„ lochs in met pay the _ rns secured by thw ..°uruy inslrurvwW %hall continue uno;hanged ('(win rruivtatetneni by
<br />Bntfracr, this smsony mill t and t1 c iligarwfoos sea urrd heret,m shall remain fully effeo iisc av of no aove)riadiirn lead
<br />Attilted l"err+rr, t right now apply in the haw of at elftAti'm toilet tAoagrAtihs I lot 1 i
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