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<br />If Lender required mortgage insurance as a condition of making tile loan secured by this Security instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement tor tine
<br />insurance terminate iii uaard „ `with and Lrndee's written agreement or applicable law.
<br />S. 1 Nom. (sender or its t,rnay make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower noiic at the Office O'nt prior to an inspection specifying reasonable cause for the inspection.
<br />9, Comicullossiction. 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 condemnation, are hereby
<br />assigned and 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 he reduc:cd by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />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 />Unles 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 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; 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 shalt not he 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 ol'any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or rennLdy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors said Assigns Bound; Joint and Several Liability; Co- signers, The covenants and agreements of
<br />this Security Instrument shall hind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's 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 arid 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.
<br />12. Lan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charge, 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. Legislation Affecting Lender's Rights. if enactment or expiration of applicable laws has the effect of
<br />renderingany provision ofthe 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 />trailing it by first class mail unless applicable law requires use of another rnethtut. 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 Leader'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. Governiit Law; Severability. This Security Instrument shall he governed b% federal law and the law of the
<br />jurisdiction it, which the Property is located. In the event that any provision or clause of this Security Instrument or tine
<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 arid the
<br />Note are declared to be severable.
<br />24. Borrower's Copy. Borrower shall he given one conformed copy of the time and of this Security 111%trunneni.
<br />17. Trallisfer of the Property or a Beneficial interest in harrower. if .ill 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 and Borrower is not natural
<br />per m) without Lender's prior written consent, Leader may, at its option, require immediate payment in full of a all sums
<br />secured by this )Security instrument. However, this option shall not be exercised by Lender it' exercise is prohihiied by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. 'fire notice shall provide a period
<br />(4 not less, than 30 days from the date the notice isdclivcred or mailed within which Borrower must pay all sums secured by
<br />this Sic urity Instrument, If Borrower fails to pay these sums prior to the expiration of this lm� cod. Lender may invoke any
<br />remedies, permitted by this Security Instrument without further notice or demand on Borrower.
<br />1t$ er's to Ritinsciate. if Borrower meets certain conditions. Borrower shall have the right to have
<br />caf0evement of thfs Security Insttrument discontinued at any time prior to the earlier of. (a) 5 days (or such other perp <ad as
<br />law may specify for ro;iustatemcni) before sale of the Property pursuant to stay power of sale contained in this
<br />unity
<br />lWitfuMVIll ; of fb) entry of a judgment enforcing this See'urity Instrument. Those conditions arc that Hortocvcr.
<br />(a) pays Leader all sums which then would he due under thin. Security Instrument and the Note had no accclermior,
<br />dsec rred; (b) sure% attar default of" any other covenants or agreements; (cc Pays all exlenses incurred in enfor. rng thh
<br />arny Insirument, including, but not hrrritcd tea, rea!uoaabIC attorneys' fec%: Arid (oil take,. such acuunt as i ender nrav
<br />r ; $y rePUre to pure that the lien of tins tiesurity loxirument. Lender'% right% sn the Prop i:rty :and llnrrowrr's
<br />cr(aligslum to pay tine %rants sav:ured by this aiec.urily Imirunaeatl shall coraivauc unch;oag(d t.'p,,,n rean.toernent by
<br />gra,*et, darn sea unity Irevtruatretot and the obl al lone w urc'al hcteby shall rcm.aw foil) dye use a, it no I,:. vlerat,.,a h,ut
<br />x currral. H,,wa cer. this tight I,, rvatae tale shall 1'411 apply an the- -W of ;ak4 Ovi auou under is aru r =,t,h% I I m 17
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