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102921
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<br />If Lender required wf,,%W, insurance as a condition of making the loan sertrcd by this Security Insinanlent.
<br />Borrower shall 'pay "the "'armfnrni't n+ired to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with B+xrower's and Lender'% written agreement or applicable law.
<br />S. Inapecdoo. lender or its agent may make reasonable entries upon and inspections of the Property, fender shall
<br />give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Coadewndion. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In 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 the
<br />amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />taking, divided by (b) the fair market value of the Property immediate)} hefore the taking. Any halarce shall he paid to
<br />Borrower.
<br />if the Property is adandoned by Borrower, or if, after notice by Lender to Borrower that flit condemnor offers to
<br />make an award or settle a claim far damages, Borrower fails to respond to lender within 30 days alter 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 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 1 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 modification
<br />of amortization of the sums secured by !his Security instrument granted by Lender to any successor in interest of Borrower
<br />shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be
<br />required to commence proceedings against anv successor in interest or refuse to extend time for payment or otherwise modify
<br />amortization of the sums secured by this Scn-urity Instrument by reason of any demand made by the original Borrower or
<br />Borrower's successors in interest. Arty forbearance by Lender in exercising any right or remedy shall not be a waiver of or
<br />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 this
<br />Security Instrument shall bind and benefit the successors and assigns (!l lender and Borrower, subject to the provisions of
<br />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 Se;urity Instrument only to mortgage, grant and convey that
<br />Borrower's interest it,, the Property under the terms of this Security instrument: lb) is not petsonaily obligated to pay the
<br />sums secured by thin: Security Instntment, and 10 agrees that Lender and anv other Borrower may agree to extend. modify.
<br />forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that
<br />Borrower's consent.
<br />12. Loan Charges. if the loan secured by 'his Securitv instrument is subject to a law which Sets maximum loan
<br />charges, and that law is finally interpreted se that the interest or other toan charges collected or to be collec.ed in connection
<br />with the loan exceed the permticd limits:. them ia) any such loan charge shalt he reduced by the amount neccssary ro reduce
<br />the charge to the permitted limit: and (b) any sums already collected from Borrower which exceeded permitted limits will be
<br />refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making
<br />a direct payment to borrower. if a refund reduces principal, the reduction will be treated as a partial prepayment wihout any
<br />prepayment charge under the Note
<br />13. Legislation Affecting Lender's Rights. if enactment or expiration of applicable laws has the effect of rendering any
<br />provision of the Note or this Security 1n,,trunen1 a ^enforceable according to its trans. Lender. at it, option, may requite
<br />immediate payment in full of all suers secured In• this `e:uritt Instrument and may invoke any remedies permitted b•;
<br />paragraph 19. If Lender exercises this option, Lender shall take the s,eps specified :n the second paragraph of paragraph 17.
<br />14. Notices. Any notice in Borrower provided for in this Securitv lnstrument shall he given by delivering it or b}
<br />mailing it by first class mail unless applicable taw r ;:quires use of another s e[f:ntl. 'i'he notice >hall be directed to the
<br />Property Address or any other address Borrower designates by noiwr to I ends; Any notice io Lerider shall be given by first
<br />class mail to Lender's address stated herein of arty other address l ender dcsgnates by notice to Borrower. Any notice
<br />provided for in this Securitv Instrument shall be deemed to have been given to Borrower or 1_ender when given as provided in
<br />this paragraph.
<br />15. Goveralut Law; SeverabNity. This Securitv Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is localod In the event that any provisions, or clause of this Securitv Instrument or the
<br />Dote conflicts with applicable law, such conflict shaii not aifco other provisions of this Security Instrument or the Note
<br />which can be 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 />14. Borrower's Copy. Bormwer shall be given one conformed Copy of the rote and of this Securitv instrument.
<br />17. Transfer of the Property or a Beneficial interest in Borrower. If all or any parr of the Property or any interest in it
<br />is gold or transferred for if a beneficial interest in Borrower is sold of transferred and Borrower is not a natural person)
<br />without lender's prior written consent. Lender may, at its option, require immediate payment in full of all sums secured by
<br />this Security instrument. fiowever, this option shall not be exercistd ov i.ender if exercise is prohibited by federal law as set
<br />the date of this Security instrument.
<br />If Leader exercises this option., lender shall give Borrower notice of acceleration. The notice shall provide a period of
<br />not lees than 30 days from the date the notice is delivered or mailed within which the Borrower must pay all sums securest b}
<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 Securitv Instrument without furthei notice or demand on Borrower.
<br />It. fd)orrewer's R*M to ReinataW if Borrower meets certain conditions, Borrower mall have the tight to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of- (a) t days (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of .ate contained in this
<br />Security Instrument; or Its) entry of a judament: enforcing this Security Instrument. Those condinony are that Borrower: (a)
<br />pays Lender oil sum@ whji:b tttett wxwld he due under this Security Instrument and the Note had no acceleration ocrurrni; (b)
<br />CURS spy default of any other covenants Or atircemenis.; y) pays ali expenses incurred in enforcing •his Se_•urry irvrnrmem.
<br />ln,cluditgl, isut not limited to, reasonable ntto rvc ,v fees; and (d) rakes such action as I ender tnav rcasisnaNv eq :rc to a ttrr
<br />that the Tien of this Securitv instrument. f ender's r ghr ip the pro ^erFy nrid if rrt rte's oh!i[ qt r t ^av the snrr .e :rrev
<br />isy ttA Soctairy tnslioment shall zn. ue u r <hs,1fm1 i pet .e n taternen .-v Bnrr war ihi tie r r ;ry Ir . -.. pier rat •use
<br />rvrEilfatioRs sOcutcd hereby shall remx n 1".1il" tffe o". av r no had
<br />rust Apisty wr the ti_r, of its.etrsat : :..r On'dc-.i
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