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#"1 102,9,90
<br />If Lander required nwnpgc insurance as a condition or 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 terminate* in accordative with Borrower's and Lender's written slircement or applicable law.
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<br />If, losIodlismi. Lander or its agent may snake reasonable entries upon and inspections of the Property. Under
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<br />shall give Borrower notice at the film of or prior 10 an inspection specifying reasonable cause for the inspection.
<br />0. Coodapsaidees. The proceeds of any award or clairri'lor damages, director consequential, in connection with
<br />any condersim"MM Or other liking of any Pon of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lander.
<br />In she event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security
<br />Insilrumitnt. whether or not than chms, with any excess paid to Borrower. In the event of a pantal taking of the Propeny.
<br />maim Borrow sr and Lander otheirwise agree in writing, the sums secured by this Secunly Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the toild Amount or the sums secured immediately
<br />before the r 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 ir, after notice by Lander to Borrower that the condemnor offers to
<br />make an award orsettles claim for darnalm Borrower fails to respond to Lender within )0 days after the date the notice is
<br />given, Lender is Authorized iocollect 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 />postponc 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 Rellitaiiiiiii; Forlsommice By Lander Not a Waiver. Extension of the time for payment or
<br />modification of Amortization of The sum secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower "I not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to committee 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 Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall M be a waiver of or preclude the extreme of any right or remedy.
<br />11. Slacessisaws sW Agaillair BoAmiAl; Jaw mW Saveral 1"MUty; Co- signers. The covenants and agreements of
<br />this Security Instrument *W blind and bewfit the successors And "gas of Lander and Borrower, subject to the provision
<br />of paragraph 17. Borrower's covenants and agrocnicau shall be joint and scviral, Any Borrower who co-signs this Sm-writy
<br />Inaniment but does not execute the Note: (it) is co-signing this Security Instrument only to mortgage, grant and convey
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<br />that Borrowed 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 wcommodAiions with regard to the terms of this Security Instrument or the Note without
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<br />that Borrower's consent.
<br />12. LAmmiChargess. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that Jaw is finally interpirelod so that the interest or other loan charges collected or to be collected an
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />4.
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exccct"
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to borrower. If refund reduces principal, the reduction will be treated as a
<br />pantal prepayment without any prepayment charge under the Note.
<br />13. Legislation Affectift Loader's Rifillit►. 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 surnii 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 17.
<br />U. 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 mild 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 he given by
<br />first clam mail to Lender's address stated herein or any other address Lendcp designates by notice to borrower. Any notice
<br />provided for in this Secunty Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Gavassliag LAw; Severolitility. This Secunty Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located to the event that any provision or clause of this SLturay lostruincrit or the
<br />th applicable law, such conflict "I not affect other provisions of this Security Instrument or the Nine
<br />Note conflicts wish
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<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 />IC barmilvar'sColity. Borrower shall he given one conformed copy of the Note and of this Sm-timy Instrument.
<br />17. Trawler of the Notterly or a Deaeficid1l Illiefebt in Borrower. If all or any part of the Property or ony
<br />interest in it is sold oir transferred (or if beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Leader's prior written consent, Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Sectinty Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br />federal law As of the date ofIbis Security Instrument.
<br />If Under exercien this option. Lander shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not ka than )Odsys from the date The notice is delivered or maded within which Borrower must pay all sums secured by
<br />this SMUAIY Instrument. If Borrower fails to pay thew sums prior to the expiration of this period. Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on BorfOWCF.
<br />is. bormwWo RW to Ratinstale. if Borrower n►cis 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 day,. (or such other VCl hKI As
<br />Applicable low may stifttl'y lor remsiaiement ) Write sale of the Property pursuant it, any po%cr of sale cuntailiml in the
<br />Secunty Inwruinef i. or (b) entry of is judgment enforcing this Security Instrument I'llime cofidillins are that 01410wel.
<br />(a) toys Lender all sums which then would be due under the-.. Security Instrument and the Note had no avvelernii,wn
<br />,occurred, (b) cures any default of any other covenants in altretmetim (c) pays all expemes incurred in enli,ocing this
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<br />Secumv Instrimnatt, including. but not limited it), rea.uniahle sitintityi' let,., and (d) takv% %uch action 0% 1 renter may
<br />tc&WAOMY re41*U`c 1`► 11"Ing that the bell of this Security Instrument. I..cndcr*% rights tit the Prc"ity and Kiiiowct's
<br />QMJ$AiKM 10 PAY she IWOMe liccuitil by 'his 't-urity Instrument .hall LIMIMUC unchanged Upon by
<br />horrowef, $his SOLOlity 110%trumellit And 4.hhKAllOn% sCCnlrd JrMaln f"JIV 1(n., A, hail
<br />—, uFF-1 It-a.vel, lh, ,kvhl w 10,10%%wir hall 1—i apply 11, flw,AWof.b,i Cleral—o w,def ; 1 "! I,
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