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<br />B6-101777
<br />If Leader required mortgage insurance as a condition of making the 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 for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />X. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the timeofor prior loan inspection specifying reasonable cause for the inspection.
<br />9. Condetsntatioe. 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 he paid to Lender.
<br />In the eycnt of a total taking of the Property, the proceeds shall lx 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 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 b) (h) the fair market value of the Property immediately before the taking. Any balance ,hall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Burrower 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's
<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 Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the stuns secured by this Security Instrument granted by Lender to anv 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 />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 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 lnstrument; 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 Stew try Instrument or the Note without
<br />that Bo - rower'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 be collected in
<br />connection with the loan exceed the permitted limits. then: (a) any such loan charge shall be reduced by the arnount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected front Borrower wfiich 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 it refund reduces principal, the reduction will he 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 />rendering any provision of the Note or this Security Instrument unenforceable according to its terns, 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 )nsti unient shall he given by delivering i! or by
<br />mailing it by first class mail unless applicable law requires use of another method. 'i he notice shall he 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 L -ender designates by notice it) 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 ,hall he i:o\crned 1,` federal law ;nod the Loa of the
<br />jurisdiction in which the 1'ruperh is located. In the event that :uiy provision or clause of Ihi, Secuiny Instrument or the
<br />Note conflicts with appheable law, such conflict shall not a&:t other provisions of this Sccunl} Instrument or the Note
<br />which can he given efiect without the conflicting provision. I'o this end the provisions of till, Security Instrument and the
<br />\tote are declared to be severab:c.
<br />16. Borrower's Copy. Borrower shall he given one :onfornied clip) of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower, if At or ans part of the Property or :in)
<br />interest in 11 is sold or transferred (or if a beneficial interest in Borrower I, sold or tian,lcrred and Borrower is not I naitnal
<br />person) without Lender's prior written consent, Lender rnay, at its option, require immediate paynicrn in full ofall sums
<br />secured by this Security Instrument. However, this option shall riot tic c.eciowd by Lender !f exercise is prohihited toy
<br />federal law as of the date of this Security Instrument.
<br />11' Lender exercises this option. Lender shall give Boi rowet notice of acceicrauow I he notice shall pro\ all period
<br />of not laws than 30 daps frorn thedate the notice isdelivered or nailed within which Borrower Ini,t pay all ,urn, secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration It'thi, period. I ender nna.\ rnoke amN
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower
<br />18. Borrower's Right to Reinstate. If Borrower nteers certain :omhtions, Borrower shall have tilt, shirt to ha\e
<br />criforcetncnl of this Security lnstruntent discuntiruied at any nine prior I.; the earlier of (a! da" (Or ,uch ,aher perlod :r,
<br />;rppltcablc law I nil y slVeity it I-Clnsta l cinen If bet") re sdde � %I'the Propert} pur sit lilt Ito :u is poucr of aIC'o It it tI! w, i rn Ili,
<br />ticeurne imt rurnent or (n) en I, TIN of a jukfFanl end enliot: I ig Iii r, ti,:curit} li „I Ill n w IIt I IIt' col dn Ion,, o, !ha! Ifni —\kci
<br />(a) o•u), Leodcr all sent, whi+:h ;hen w:,,uid be :Inc under rill. instrurncnl .ind fill l.dc h:,d n; .;.rlc!uoi,n
<br />octzir-ad (h) ut•, on t+ua At ;% air note :pr r u;t, r:)pa),,ill •.p\ ,. nonmed lo im,
<br />seclm,r. ImAtUtucIn. iu,! td.ripr. bul n,.n )moved o. r,asi,Iwhlc Mmncv, ft,.•,,'Ind !d' luk” sii.h nAr n. IN I sold.
<br />rcus.,ntahi� ra_qu,re ::, .is,nre that zl:c !I n .:,t tfit, :urnv Iursirilmeni , rwht, 1 !ht, Tote!!, ti,
<br />,:•I:r{�i,.an i r. ,tiro, s +rc:ucd t• +, ihl, stv t oN h.,,*Iumenl ,itatl :n!a_a' t.! ,. l t.,vi , e,
<br />.rid Itie „hl!t•,xlT _.,, _. �" 11 :
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