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86- 102217
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument.
<br />Borrower shall pap the premiums required to maintain the insurance in effect until such time as the requirement fit- the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicahle law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages. direct or consequential, in connection %% fill
<br />any condemnation or other taking of any part of the Property. or for ronvesancr in lieu of autdemna+tion. are hereby
<br />assigned arid shall he paid to Lender.
<br />In the event of a total taking of the Property, the proceeds ,hall he applied to the sums secured by this Security
<br />Instrument, whether or not titer) due, with am' excess paid to Borrower. In the event of it partial taking of the Property.
<br />unless Borrower and Lender otherwise agree in writing. the sums secured b- 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 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 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 coliect 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 clue.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone lire 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 sums secured by this Security Instrument granted by Lender Io any successor in
<br />interest of Borrower shall not operate to release the liability of the original Rorrow•er 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 Borroweror Borrower's successors in interest. Any forbearance by lender in exercising any right or remedy
<br />shall not be a waiver ofor preclude the exercise ofany right or remedy.
<br />11. Successors and Assigns Bound, Joint and Several Liability; Co- signers. The covenants and agreerent, of
<br />this Security Instrument shall bind and benefit 1}te successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall bejoint 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 riot personally obligated to pow
<br />the Sums secured by this Security InstruntellL and (e) agrees that Lender and arty other Borrower may agree to extend.
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrumcnt or file Note urtjIoU[
<br />that Borrower'sconsem.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject 10 to law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan :harge, collected ,r to he collected in
<br />connection with the loan exceed the permitted limits. then: (a) toy such loan charge shall he reduced by the arnount
<br />necessary to reduce the charge to the permitted limit: and !t.) any sums already collected front Borrower which exceeded
<br />permitted limits will be refunded to Borrower Lender ntay choO,c fa make tilts rctluld by reducing the Principal o%ved
<br />under the Note or by making a direct payment to Borrower. If a refund reduce, 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 ur expiration of applicable Jaws has the cfleci ill
<br />rendering any provision of the Note or this Security lnstrunlenl uncnfitrceahlc according to it, tc•rnu. Lender. at its 1.>ptton.
<br />may require immediate payrnent tit full of all sums secured hr this Sectirny Instrument and may in%okc any rernedtes
<br />permitted by paragraph 14. If Lender exercise% this option. Lender shall rake the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any nonce to Borrower pro %lcled for rut this Sectinty I list r1InCor shall he given by elcli%cring it or by
<br />mailing it by first class mail unless apphcablc law requires use of another method. The notice shall he directed it) the
<br />Property Address or any other address Borrower designates by notice tit Lender. Any notice to Lender shall he gt%cn be
<br />first class mail to Lender's address stated herein or any tither address I ender designates b% notice to Borrower. An ce
<br />y noti
<br />provided for in Ihls Security Instrument shall be deemed to hat c lien given to Borroweror Lender when gr%eu a, provided
<br />in this Paragraph.
<br />15. Governing Law; Severrrbility, phis Security Instrumcnt shalt he governed by federal law and the law of tttc
<br />jurisdiction in which the Properi, n ii)-itcd [n the c%cnt that any pruttston Or clause of [ills Securty Insilunxnt or file
<br />Note conflicts with applicahle law, such confitu ,hall not affect other' provisions Of tit, Securer% htstntntenl or the \wv
<br />which can be given effect wtlhnut the confltcIIIIg prO%i%jon fo t}us end the provisions of thi, Security Instrument ::net the
<br />Note are declared to he set crrhlc
<br />16. Borrower's Copy. B„nowcr shall be gi%cn one :onGrnted copy of the Noll- :utd of 11iIS Sccmit Lntitirucnf
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If kill 1)r ,any pan of file Pn!perty or any
<br />ntterest tit it is sold or tian :,fence for it a henc•licial interest in Borrowwei is sold ur transkv red :and Bornr%%ci Is nut a natural
<br />person! without Lender's prior wrulcn consent. I.cuder mays at us option, require unnic(hate payment m full ol'ail ,uni,
<br />secured by this Security Instrumcnt 110w0er, fills option shall not he CWICI,cd by I elld'f If'x'r:rsc 11 prulnhned by
<br />federal !a, asrdthecla,eol•thtSSccuty% Instrument
<br />If Lender taercuc, ibis option. Lender ,hall give Bon'uwer noucc of ac:Clerat11111. I he rtou :c S}tail prn%uic .I perloii
<br />of m1) Ic,s titan Ochap, from the %late the notice i, deiocrcd or nlallcd wrtfun w11c11 Burn,wcr nnl,t 1,,1y ,ell .ulns,c: ulnf by
<br />this Srcurny fnstrtnnent. If Borruwcr fails to pay these ,urns prur I„ the expn'nnun „f thn pen „d. I endc•I mow ur%oke ,fn%
<br />remedies Permitted by tills Sccunly ln,lrunicnt without further nou:c,n demand oll Boer ,wcl
<br />18. Burrowers Right to Reinstate. If BUIT,1wCr 1nu IS:er1 tin cuncllL?Ons, Bol luau s11,111 ha%0 Ill,' ucht I,' h,t ;
<br />1.100 rec•ntellI A this Security In nrment 0huooll n,' I al an t the p1 101 h, the cot hc! d (a) s ,lay 'ur ,u, h nth: I hit -jai .1, �
<br />al pll:anlc law tn,i% k cctfy 1�,I cui.iaa.ntctili hc6,rc sale 1 f fill 1'1,.1,.01, putslenf to t n 1. !,%01 ( el!. nl.1111:0 :n .hl,
<br />S: -tntl� Instrument. Or 1b) <nrI% 01 a lu VMLIII cnfi,•culc 111, Sc, !111i, Imrturtix r)1 I h n! i n ;s ,u to a ii !I a
<br />la? hays (.ender .ill sir nt, w60: then w„ulel he ,Jug tit), it Ill), sc,_tituy In,tttl1n0n1 ,I!,! .h, 1,: 11,1,1 ., il— icl";I—1 h
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