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<br />ZG-. 102512
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Secunty Instrument.
<br />Dorr,�wer 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 Borrowci s acrd Lender's written agreement or apphcablr. law
<br />8. Inspection. Leader or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time ofor prior loan inspection specifying reasonable cause for the inspection
<br />!. Coadea nation. The proceeds of any award or claim'for damages, director consequential, in connect son with
<br />any condemnation or other trtkasg of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />Its, the event of a total taking of the Property, the proceeds shall be 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 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 be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor ofters to
<br />make an award or settle a claim for damages. Borrower fails to respond to Lender within 10 days after the date the n,-ice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Propeny or
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree ire 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 Secunly Instrument granted by Lender to any succesvir in
<br />interest of Borrower shall not operate to release the liability of the anginal Borrower or Borrower's successors tit 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 Iasi rumcnt 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. Seeesesors tsad Astiigei Bated; 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 t his Sccunty
<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 Instrument, and (c) agrees that Lender and any other Burrower 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 Cbarges. 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 to make this refund by reducing the pnncipai ,,wed
<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 cilrct of
<br />rendering any provision of the Note or this Security Instrument unenforceable according so 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 paraa:aph 19. if Lender exercises this option, Lender shall take the steps specified tit the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by dehvermg it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed rti the
<br />Property Address or any other address Borrower designates by notice to Lender. Any nonce to Lender shall be given by
<br />first class mail to Lender's address slated herein or any other address Lender designates by not to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Horrowcr or Lender when given 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 Instiunicut of [tic
<br />Note conflicts wi th applicabie law, such conflict shall not affect other provisions of this Security lnsirurnent or (tic Note
<br />which can be given effect without the conflicting provision. To this end the provisions of thus 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 Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or 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 to full of all sums
<br />secured by this Secunty Instrument. However, this option shall not be exercised by Lender if exercise is prohihtted by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lendet shall give Borrower notice of acceleration. The notice shall provide a pcnoKd
<br />of not less than J0 days from the date the notice is delivered or mailed within which Borrower must pay all sums sccurrd by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any
<br />remedies permitted by this Secunty Instrument without further notice or demand on Borrower.
<br />18. Borrower's Right to Reinstate, If Borrower meets certain conditions. Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of (a) 5 days for such oilier pem,,l as
<br />applicable law may specify for reinstatement) before sale of the Properly pursuant to any power of sale contained in this
<br />Security Instrument; or (h) entry of a judgment enforcing this Security Instrument. I'hose conditions are that Hon,iwrr
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />pccurred; (b) cures any default of any other covenants or agreements; (c) pays all exl ruses incurred in rnGaemg this
<br />Security Instrumeni, including, but not InallL l to, reasonahle attorneys' fern, and (if) takes such action as 1 ruder itrav
<br />reasonably require to assure that the hen of this Security Instrument, Lender's rights tit the I'ropeny and li— it —er's
<br />obligation to pay the sums secured by this Security Instrrnneni shall �onnnur unrhaugrd L'l.om rrurntatrn,rni by
<br />Borrower, this SmumY Inslrwnent and the ohhgaliom wcuted hereby shall rrniam 11,115 rilrruvc a, it m, .ir, rlri,i, i,m hod
<br />,a ,i red H.�dr.er, ibi, right to ronstale shill liol aliply in the e aw d it trI, 1.11 a; wit ri h.i , cf ,! 1n : i ,i I ,
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