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$6-' 102443
<br />If Lender 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 />S. 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 inspect ton.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequenticl, in connection with
<br />any condemnation or other taking of any part of the Property. or for conveyance in lieu of condei.-nation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall fie 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 se. ^_r_d by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the vaal 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 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 :astrument, 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 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 stems 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 -liens this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage. grant and coMcy
<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 and 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. 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 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 it) make this refund by reducing the principal towed
<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 />rendering any provision of the 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 IT
<br />14. Notices. Any notice to Borrower provided for in this Security instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. 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 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 green to Borrower or Len,'er when g:%en as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall he governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can he 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 copy of the !lots and of this Sectintc Instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any pan of the Property or any
<br />interest in it is sold or transferred (or of a beneficial interest In Borrower is Sold or transferred and Borrower is not it natural
<br />person) without Lender's prior written consent, Lender may, al its option, require ininiediatc pasnnent in full (,fall sums
<br />secured by this Security Instrument However, this option shall not be cxeicised by lender of exercise is piohihned h\
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration. Tfie notice shall pro%idea period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borro\vcr must pay all sums s"Ilred h%
<br />this Security Instrument. If Borrower fails to pay these sums prior to th-- expiration of this pciiod, 1 -cider niay nnokc any
<br />remedies permitted by this Security Instrument without further notice or demand on Born w er
<br />18. Borrowers Right to Reinstate. if Borrower meets certain conditions. liorriwc i shall hale the right ti, ha%c
<br />W
<br />Enforcement of this Securty Instrument discontinued at any time prior to the cal her tit (a) lays (m suvh lliel Period is
<br />Property io of s,fle in this
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<br />applicable law may specify foi remstatemcnt! before sale of the pursuant any tower :o1ilained
<br />Security lnstrumenl, or Ihl cnlry of a Judgment enforcing this Security lnstrunncnl Those conditl „ns arc Iha! It „mice•
<br />Ii) pays Lender ,tfl sunis which tile,, would hc• due under this Security Instrument and the :Soto h;ul r
<br />n currcd. (hl cures am dcfaul, it any other :o%enitnis or j reenlcnts. (0 pals •nil .spensrs mcurn:d ,n n 1 1tie 11111
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<br />Sceurn Instr,nncnt, tncludotR, i,ul not hinted to, reasonable moinc\s' ices. mill (111 t.nkcs -u,h .i,iion ,, 1 o,d:I !nay
<br />reas:,nahl% rrqunre Iii assure that the hen :,t this Securty Instn2lncnt. Lrndcr', nt:hh ui !hr Pf,111,V% .t:ld
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