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<br />If Lender required mortgage Insurance as a condition of inaking the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance m effect until such time as the requirement for the
<br />uisuranec terminates in accordance with Bor rower's and Lender's written agreement or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of tine Property. Lender
<br />shall Rite Borrower notice at the time of or prior to an inspection, sp ccefsmg : easonable cause for the inspection.
<br />9. Condemnation. 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 con.eyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender
<br />In the event of a total taking of the Property, the proceeds ,? :,iu tic applied to the sums secured by this Security
<br />Instrument, whether or nazi 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 !e) the f<,ial amount of the sums secured immediately
<br />before the taking, divided by (h) the fair marker value of ilne Properry 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 Lentir, to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower falls to respond to Lender within 10 days after the date the notice is
<br />given. Lender is authorized to collect and apply the praeeds, at its option. either to resloranon or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or nun then duc.
<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 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lander 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 />uo—st 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 [a 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 Borrow'er's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall nor he a waiver of or preclude the exercise of any right or remedy
<br />IL 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 tie 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 nr the Property under the teens of this Security instrument (b) is not personally obligated to pay
<br />the suns secured by this Security instrument; and (c) agrees that 1_ender 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 Herrower'sconsent
<br />12. loan Charges. 1f the loan secured by this Seninty Instrument is subject to a law which sets maximum loan
<br />charges• and that law is finally interpreted so that the interest or t „her loan Charges collected or to be collected in
<br />connection with the loan exceed the permitted hmtls, then fa) any such loan charge shall be reduced by the amount
<br />neces,ary to reduce the charge to the pernutted limit, and th) any sums already collected from Borrower which exceeded
<br />Permitted limits will he refunded 10 BnrrOwer Lender may chtx,se : :o make !fns refund In reducing the principal owed
<br />under the Note or by making a direct paymenr to Horrower If a refund reduces pnncir :al. the reduction will be treated as a
<br />partial prepayment without any prepay incur charge under the Nair
<br />13. Legislation Affecting Lender's Rights, If enactmrnl :,r roc 11rMlon of applicable laws has the effect of
<br />rendering any provr,ion of the `etc• or tins Srcunty lnstrument wicnfor :rahle according to its term,, joinder. at its option,
<br />Wray require immediate payment in full of all sums ,ccurcd by !hl, sccuritc 1- I!unient and may invoke any remedies
<br />pernimed by paragraph iii If Lender exercises this,,ption, 1 endei ;lull :nkr the steps specified in the second paragraph of
<br />paragraph :,
<br />ti. Notices. Anv tumcc it: Borrower provided for ui 11111 SCLUII :y In,rrunierli shall he giver: by delnenng it or by
<br />marling :t by first ;lass mail unles apphcablr law requires use of A110HIrf rrlrthod The notice shall be directed to the
<br />Properly Address or any other address Borrower designates by nonce• to Lender Any notice to lender shall be given by
<br />first ;lass mail to Lender's address stated hereln or any other address Lender designate's by nonce to Borrower Any notice
<br />provided for in this Security lnstrument shall he deemed to have hxen given io Borrower or I ender when given as provided
<br />in Ihi, paragraph
<br />15. Governing Law; Severability. Thus S�,urty Irstru rnew ,hall Iyc go,e-red by federal law and the law tit the
<br />)urisdrcrion uI which the Proprrry is located in the even( ;hat any pr( ""'lion ur clause of !his Security instrument or the
<br />Nsnte conflicts with applicable: law. ,rots vnnflict ,hall nut affect a:her torn\ Isnuu 01'111% Security Instrument or the Note
<br />which an tx at,en effect without the ,orifttcting prrtsiswri Tt, this end the provisions ,, this Secuntq Instrument and the
<br />Note are drelarrd to be seseranlc
<br />IR Borrower's Copy. &,rrc. wet ,hall Ix g I'Cn ,,rte tnnf.,rmed ,.spy 111 Ihc Nuic and ,I this Securtts Instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or ans part of the Property or any
<br />:merest in n is sold or transferred for it a beneficlai interest in Horrv,wer ts,ldd 1 >r transferred :rid Horrower a nut a natural
<br />"rrsonl without Lender's prior written consent, Lender may, at its ,spoon, require iminediarc payment in full oral1 sums
<br />scoured by Security Secury Instrument Ho`rr, ill's vptu,r. ,hall nor he cxritsscd Iy'. Lender f exercise is prohibited by
<br />federal law as ofihedaire,fthis Security Instrument
<br />If Lender exerct =cs this option, lender shall give Borrawer nt+u, c 1,1 atreierati,m 1,11c notice shall provide a perish;
<br />:If not less than ?0 days from the date the notice is delivered or mailed w Ith:n w hic h Hor: ovxer must pay all Burns secured by
<br />this lccurny lnstrument If ll >rraiwer fails to pay these suns piwr ;r the exptraLUU1 0l this per-J. I ender may invoke ans
<br />FMr, dlr, permuted by this Srcunty ln%irumen' without further nl,rac or ;1CMAud fat Hurrt,wer
<br />18 Borrower's Right to Reinstate. If Borrawer mret_ r.
<br />r0 o, e rim ,! tI n Sect tv imsrun e r dls ar,. loin rtair n i < its Hernw rr hall have the ght t„ hnr
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