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If Lcwkf required mortgage insurance as it conditton of making she loran secured by this Siwtersly Instrument,
<br />rower *hall pay the premiums required to maintain the insurance in effawt until such lime as the r ire at for she
<br />insurance ter to a with Borrower's and L ttder's written agreemnnl or a law.
<br />R. L Le r dsr its Was may make reasonable caffeine upon and inspections o f the rorcpstrly, Lorader
<br />shall give Borrower a al the ti ar prior loan ins lion specifying re"Orniblecaustofair she inspection.
<br />t, The proceeds of any award or claim for damages, direct or con uensial, in connection with
<br />any, or other taking of any part of the Property. Of for crativeyance in lieu of COMkMPSIiOn, are herdhy
<br />asst 1 he POW to Lender .
<br />In the event of a total taking of the Property, the proccatIs %hall be applied to the sums secured by ibis Security
<br />Instrument, whoother or w there duce, with any excess paid to Borrower. In the eveml of a partial taking of the properly,
<br />unless Borrower And Lender otherwise agree in writing, the sums secured by this unity Instrument shall be reduced by
<br />I . ant it( the proceeds multiplied by the following fraction: fat she total amount of the sums secured imseeniadustely
<br />bekwor the taking, divided by (b) the fair market value of the Property immediately before the inking. 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 afters to
<br />make an awed or site a claim for diseausip. Borrower fails to respond to Lender within 3A days after the dale 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 surns secured by this Security Instrument, whether or not then due.
<br />Valem Lender aim Borrower otherwise agror in writing, any application of proceeds to principal shall net extend or
<br />pomporsor the due date o( the monthly payments referred to in paragraphs I and 2 or change the amount of such payments,
<br />Ii. Marrow Not R • Forbsariesm By L&vkr Not a Waiver, Extension of the time for payment or
<br />modification of Amortization of the sums cured 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 he required to comr awe proceedings against any successor In interest or refuse to extend time for
<br />payment or other* Ise modify amortization of the sums secured by i his Security Instrument by reason of any demand made
<br />by the anginal Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />I not be is waiver of or preclude the cxercise of any right or remedy
<br />11. Socconam ue8 An4M Bound, • Joint and Several Liability; Co-sigoers. The covenants and agreements of
<br />this Security Instrument shoal trend and bersest the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17 Boff ower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />Instrument but don riot 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 Secunty 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 t
<br />11. Lase ClimVisis. If the Ism 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 wher loan charges collected or to be collated in
<br />connection with the keen exceed the permitted limits. them (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 refur!dCd to Bofff3wer 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 "a
<br />Partial prepayment without any prepayment charge under the Note.
<br />t), Legislation Affecting Loreldres Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any pfovivilon of the Note or rhos Security instrument unenforceable according to its terms, Lender, at Its option,
<br />may require Im late payment in full of all sums secured by Ibis Security Instrument and may invoke any remedies
<br />permitted by paragraph 14 If tender exerotes this option. Lender %hall take the steps specified in the second paragraph of
<br />paragraph 17
<br />14. Notiscles. Any notice to Borrower provided lir m this Securely Instrument shall be given by delivering it or by
<br />mailing it by first class mall unless appiwabk law requires use of another method. The notice shall be directed to the
<br />Property Address or any other addrest Borrower designates by notice to Lender Any notice to Lender shall be given by
<br />first claw mad to Lender's address stated herein at any other address Lender designates by notice to Borrower. Any notice
<br />provided feu in this Security Instrument shall be deemed it) have been given to Borrower or Lender when given as provided
<br />in this paragraph
<br />15. t uv Law; Severabdlity. This Secures) instrument shall be governed by federal law and the law of the
<br />Puri sitctwn in which the Property is located- in the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applictable law, such cont shall riot affect other provisions of this Security Instrument or the Note
<br />a filch can be given eftet without the conflicting provision Fo this end the provisions of this Security instrument and the
<br />!dote are declared to be severable.
<br />14. 's Copy, Borrower shall be given one conformed copy of the Note and of this Security Instrument
<br />17, Trainifirrotibe Property at a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in It is Wild or transferred (or if a beneficial Interest In f)krrower is ,.old or transferred And Borrower is not a natural
<br />pefurnl without Lender's prior written consent, Lender may, at Ili option, require immediate payment tit full of all sums
<br />sectitted by this Security Instrument. However, this option shall rift he exeicised by Lender tl eAerelve Is prohibited by
<br />federal low in of the date odthis Security Instrument.
<br />If L estercissis this dDltlim, Lender shall give Borrower notice of acceleration The n olic'e %hall provide a period
<br />EA irm L—A than 10 days from the date the notice is delivered or mailed within which Burrower must pay all gums inured by
<br />thils,SwuniyInstrumem if Borrower fails to pay these sums prior tit the exptranon of this period, Lender may invoke any
<br />f permitted by this ' urtty Instrurfacrit without further nonce or demand do Borrower.
<br />1g, normeres nw to noriliestm. irbotrower mectN certain conditlom, Borrower shall have the right to have
<br />enforcement o f this Secursty Ini-trunnem discontinued at any time prior so the earlier of (a) 4 days (or such other period A%
<br />- k,, law may specify for reln%tale 1) before Sale (if the 11toperiy pursuant tit alt) frt:Ser tit %ale contained In this
<br />- urily I ru r; or (be entry of a iudimenl enfoicutg this Setiurtty hlsltumew Those tondmons ate that burrower
<br />dal pays Lender all sumv which their would be due under ibis Security limfutnent and the Note had nu atceletalion
<br />Incurred, stir fares any default of any other covenants fit a�Pi'ePndtllb, Iti) pays all exlivitws in iltred fit ctilotttoot this
<br />*.urley I'nsifurrient. Including, but "fit limited lit, teavoiable afforneys' fees, anti (tit takes such Aconite As I.etidel may
<br />r€ou'", 4li vesetaife irf asistitc that the lien (A this Security Inslruniew, Ldlide0's tlgh14 oft she I'rl1wriv drift Bintlotrt,%
<br />, to i,e,rt III Ply Ifte %um% secured b) flit% Sccumy tworuniviil 4hAll ti191t!Illir withailsed Flom irmlliateniviif by
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<br />trfSo%aer, iii ?i sftwflqq InstrumenI &flit Ific obhgaliowi 9%Ckite'd herehi, hall IClitaiii hills VIUt fiat' aS 4Ilt) ale ACICIA hits had
<br />, KL koffaf If— Aevcf, flits, right Ifs rem %tale shall nit apple iii iIIC 6 A`M it( At, 114ia!wfi witlrr rfit jmat +h% I t „i I '
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