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101443
<br />If Lender required mortgage Insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall prey 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. laqwxfift. Lender or its agent may male reasonable entries upon and inspections of the Property. Lender
<br />shall give itorrower notice at the time o ?or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condewastion. The proceeds of any award or claim for damages. direct or consequential• 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 and shall be paid t o Lender.
<br />Iit the event of a total taking of the Property, the proceeds shall be applied t, the sums secured by this Security
<br />Instrument• whether or not then due, with any _-xcess paid to Borrrwer In the event of a partial taking of the Property.
<br />unless Borrower and Lender otherwise agree in writing, the sums secured bti this Securty 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 value of the Property immediately 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 to Borrower that the condemnor offer to
<br />make an award or settle a claim for damages. Borrower f ails to respond to Lender within 3p days after the date the notice is
<br />given. Lender is authonzed 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 Secunty Instrument, whether or not then due.
<br />Unless Lender and Bor rower otherwise agree in writing, any application of proceeds to p rIncipal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 3 or change the amount of such payments.
<br />10. Borrower Not Released-, Forbearance By Center 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 to
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower-, successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend trine for
<br />payment or otherwise modify amortization of the sums secured by this Secure *.ti 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 />11. Successors 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 '*cote: (a) is co-signing this Security instrument only to mortgage, grant and co nveti
<br />that Borrower's interest in the Property under the terms of this Security instrument; (b) is not personally obligated in pay
<br />the sums secured by this Security Instrument; and (c) aerees that Lender and any ether 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. Loan Charges. 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 he 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 ic• make this refund bN 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 exprrauon of applicable laws has the effect of
<br />rendering any provision of the Dote or this Security Instrument unenforceable according tc) its terms. Lender: at its option.
<br />may require immediate payment in full of all sums secured by this Securil_v Instrument and ma} 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 I7.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall he given by delivering it or m
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed ic? the
<br />Property Address or arty other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender'; address stated 'herein or anv other address Lender destinates Iry notice to Borrower. Any notice
<br />provided form this Security Instrument shall be deemed r.. have been �_ west tp Borrower or Lender w en given as provided
<br />in this paragraph.
<br />15. Governing Law; Severabifity. This Security Instrument shall be governed h.\ federai law and the law of the
<br />}urisdiction in which the Property is located. In the event that any provision or ciausc ;)f this Secuntc Instrument nr The
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of thus 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. Borrower's Copy. Borrower shall be given one conformed cope of the Not and -if this Security Instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all car any Part of the Property ,,r arty
<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 1 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 tit,i be exercised by Lender if exercise is prohibited M
<br />federal law as oft he date of this See uniy Instrument.
<br />If Lender exercises this option, Lender shall gr: e Borrower notice of acceleration The notice shall prof ide a pt mid
<br />cif not less than 30 days from the date the notice is delivered or mailed witf n, which Borrower must pay all Sums secured by
<br />[tins Secunn Instrument. If Borrower faits to pay these sums pnttr to the expiration of this period. fender ntay itnoke an}
<br />remedies permitted by this Security Instrument without funkier notice t d many n Borr "cr
<br />18. Borrowees Right to Reinstate If Borrower mcelS certWn c red ii is. Borr wer shall hale the right Tel hay e
<br />a
<br />-- nibicement oflhis Security Instrument disc .ntrrtied at shy time prior fn ,hc edTI)Ct 01 ai z -a.- r 07 such il1eT period as
<br />taw may for rc n Dare hale of like Ptoltllt ai 1 cr t l salt ct!niaine(i jr; lhla
<br />apprcable hpecity siattumil l po
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