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<br />If Lender required mortgage insurance.as a condition of making the loan secured by this Sep -mot} Instrument,
<br />Ili mower shah 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'sandLatder's written agreement or applicable law.
<br />S. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property.. Lender
<br />shat i iv-, Borrower notice at the time of orpnor to an inspection specifying reasonable cause for the inspection.
<br />9. Coadetaaatioc. The proceeds of any award at claim for damages, direct or.consequential. in connection with
<br />an% condemnation or other taking of any part of the Property, or for conveyance in fieu of condemnation., are hereby
<br />assigned and shall be paid to Lender.
<br />Irt the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security
<br />Instrumem, whether or not then due, with.any excess paid to Borrower.. In the event of a partial taking of the Propeny.
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security instrument shall be reduced M
<br />the amount of the proceeds multip lied by the following fraction: (a) tiie total amount of the sums secured nmmedtateiy
<br />before the taking, divided by (b) the fair market value of the.Property immediateiv before the taking. Any balance shall he
<br />paid to Borrower.
<br />if the Property is abandoned by Borrower. or if, after notice by Lender it, Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 10 day. after the date the notice is
<br />given, Lender is authorized to collect and apply theprcLeeds. at its option, either to restoration or repair of t11e Propeny or
<br />to the sums secured by this Security: Instrument. whether or not theft due.
<br />unless Lender and Borrower otherwise agree in writing, any application ofproceeds 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; `P'orbearattee .By .Leader 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 bea waiver of orpreclude the exercise ofany right orremedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument shall bindand benefit the successors and assigns of Lenderand Borrower. subject to the provisions
<br />of-paragraph I7. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Secunty'
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only io mortgage. grant and conv ey
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<br />that Borrower's interest in the Proper under the terms of this Secunty Instrument: (b) is not personahy obligated to pa•,
<br />the sums secured by this-Securay Instrument; and (c) agrees that Lender and any other Borrower ma_s agree to extend.
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Not- without
<br />that Borrower's consent.
<br />12. Loan Charges. if the loan secured by this Security Instrument is subject to a law which sets maximum ioan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to he collected in
<br />connection with the loan exceed the permitted limits. then: (a) any such loan charge shall be reduced be the amount
<br />necessary to reduce the charge it) the permitted limit: and (b) am sums already collected from Borrower winch exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund he reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal. t he reduction will he treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Leader's Rights. If enactment or expiration, of applicable hov; has the eflect of
<br />rendering any provision of the Note or this Secunty instrument unenforceable according tons terms. Lender. at hs option.
<br />may require immediate payment in full of all sums secured by this Secunty Instrument and maG 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 form this Secunty Instrument shall be g? ven by delivering it or hN
<br />marlin_ n '), firsT class mail unless applicable law requires use of another method. The notice shall he directed to the
<br />!�i,. peri) Address or any other address Borrower designates by notice. to Lender. Any notice ur Lender shall be given by
<br />;irst 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 />18. Governing Law. Severairility. This Security Instrument shall be governed by tederal )aw and tire law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Secunty Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Securm Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Secunty Instrument and the
<br />Note are declared to be severable.
<br />15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Secure Instrument
<br />17. Transfer of the Property or a Beneficial Interest in Bomwer. If all or any part of the Property or an.
<br />interest in it is sold or transferred for if a beneficial interest in Borrower is sold or transferred and 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 shall not he exercised by Lender if exercise is prohibited 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. The notice shall provide a period
<br />of not less than 30 days from the dar the notice is delivered or mailed within which Borrower must pay all sums secured )»
<br />this Security Instrument. If Borrow, ails to pay these sums prior tb the expiration of this period. Lender— may imokr any
<br />remedies permitted by this Security Instrument without further nonce or demand on Borrower
<br />18- Borrower's Right to Reinstate. If Borrower meets certain conditions, lforrow °er shall have the right to have
<br />enforcement of this :Secunty Instrument discontinued at any time prior to the earlier of tai 5 days fur such other period a,
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained m tin,
<br />Security Instrument. ur (h) entry of a judgment enforcing this Secunty Instrument Those cmidn?ons arc that Ilurnmer
<br />la) pays Lender all sums which then would be due under th!s Secunty Instrument and the Note hao no ticceleranrn
<br />occurred chi cure. rm default of any other covenants or agreements. (ci pays all tpcnse incurred w eniiir_tnk Inn.
<br />Sccunt% lr trumen incl •dull:, but not limned to, reasonable attorneys' f e and td? fah :..u: h actor is 1,11d., ma
<br />reasoilabr, requtr. :ruw -�. that the lien of this Secunty Instrument. Lenut!T'. shin!, m tits Prri• err_% am: H,-r„ n_-:'
<br />rnli t.,m t� pi .- �uv:. >e_urec h', tho Secure, Instrum tin, :n :meet, „r rrnie;ar :mc;u n•.
<br />Rear i•.v : th„ _.. tin,en' and ti!r ohfigatt,ar. sc, Urcd ticrrw, sitar rm.un iulr eti•_, h m a�. , ter :uWi !tau
<br />rn..tatcihal .mappl'. it• tn„
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