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<br />If lender required mortgage insurance as a condition of malting the loan secured by this purity Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect 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 />S. Inspection. or its agent may make rosixonalsk entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the i ute of'or prior to an inspection specifying reasonable cause for the inspection.
<br />0. Condenstedon. Tharprocoods ofany award or claim for damages, direct or consequoritial, in connection with
<br />any condemnation or other taking of any pan of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned asi,l 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 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 fttwtiian; (a) the total amount of the srms secured immediately
<br />befixe 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 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 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 of such payments.
<br />10. Borrower Net Related; 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 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 />1t. Suecessors and Assigns Bound; 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 but 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 Borrowcr'sconscm,
<br />12. Lean (.'barges. 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 preilayment without any prepayment charge under the Note.
<br />13, Legiollatim 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 he 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; Severability. 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 be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrowtr'sCopy. Borrower shall be given one confirmed copy of the Note and of this Security Instrument.
<br />s 17. Transfer of the Property or a Beneficial interest in Borrower. if all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred anti Borrower is not a natural
<br />person) 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 shalt not be exercised by Lender if exercise is prohibited by
<br />feral law as of the date of this Security Instrument.
<br />if Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide it period
<br />of" less than 30days from the date the notice is delivered or mailed within which Borrower must pay all Burns secured by
<br />this Security Instrument. if Borrower fails to pay these sums prior to the expiration of this period, Lender may imoke sang
<br />remadiesperivattled by this Security Instrument without further notice or demand on Borrower.
<br />1g, sorrowees Rat to Reinstate. if Borrower meets certain conditions. Borrower shall have the right un have
<br />enforcement of this Security lustrument discontinued at anytime prior to the earlier of: (a) 5 days (or such other 1wrioxl as
<br />applicable law may specify for reinstatement) Wore sale of the Property pursuant to any Itower of sale coniamcd in this
<br />Security Instrument; or (b) entry of a Judgment enforcing this Security Instrument. Those conditions are that fkarrower
<br />(a) pays Lauhar all sums which then would be due under this Security instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all exlwiws incurred in enforcing this
<br />Security Iastrum nt, including. but not limited ten, re4minable attorney s' fees; and (d) takes such action as Lender indy
<br />rearacambly require to assure that the lien of this Security Instrument. Lender'% rights in fire Property and lku ro%cr',
<br />um to pay flit sums secured by this Smartly Instrument shall cortttauc unchanged. Up,m rrinstatenlerat hn
<br />llkatrowet, this ` :uriry Inwrumeni and the obligations secured hereby shall rcmarn fully efleo tivc its d no &r Clcranoai had
<br />cwacurred, However, this right ur reinstate %hall not apply in the ca%c of acceleralwin under lxarayrat,hs I i of 1
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