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-- 14358,E
<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 innuance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrow-ces and Lender's written agreement or applicable law.
<br />L laspecdon. Lender of its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the brat of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnatim The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any cotademmation or other taking of any put of the Property, or for conveyance 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 shall be applied to the sumps 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 wnting, the stuns secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following faction: (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 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 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 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Leader Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Leader to any successor in
<br />interest of Borrower shall not operate to release the liability of the origmai Borrower or Borrower's successors in interest.
<br />Lewder 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 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 precludit the ezermse of any right of remedy.
<br />I1. Successors aead Assigns Ronal; Joint acid Several Llabllity; Co-signers. The covenants and agteerne nts 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 Sorrowler's covenants anti agreements s6a11 6ejomt and several Any Borrower who co -sipss 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 in the Property under the terms of this; Security Instniment. (b) is not personally obligated to pay
<br />the sums secured by this Sccurny lnstrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or snake any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Bor ow er s consent.
<br />U Loan Charges. if the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that haw is finally interpreted so that the interest or other loan charges collected or to be collected to
<br />connection with the loan cncceed the permitted limits, Burt: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted hmit; and (b) any sumps already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Leads may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reducuon will be treated as a
<br />partul prepayment without any prepayment charge under the Note.
<br />13. Legalation Af going Lesier's Rlghts. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Sccunty Instrument unenftmxable 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 />permmed by paragraph 19 If Lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 17
<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 marl 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 nonce to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herds 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 given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />IS. Governing Law, Semability. This Security Instrument shall be 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 Smunty 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 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 />36. Borrower's Copy. Borrower shall be given one conformed copy of the 'snore and of this Secunr) Instrument
<br />37. Transfer of the Protiol or it Beneficial Interest in Borrower. If all or any par, of the Property or an.
<br />interest in it is sold or transferred (or if a beneficesj mte re m in Borrower is sold or transferred and Bormwer is not a natural
<br />person) without Lender's prior written consent. Lender may. at its option. require immediate payment in full of all sums
<br />secured b% this Security lastrument. However, this option shall not be exerctsed by Lender if exemse is prohibited by
<br />federal lam as of t be date of this Secunty lnstrummt.
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration The notice shall provide a penod
<br />of not less than 30 days from the date the notice is delivered or trailed within which Borrower must pay all sums secured by
<br />this Security Instrument if Borrower fails to pay these sums prior to the expiration of this pencil, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />Ig. 8017wwv's Rlgkt to Reia tntc If Borrower meets certam conditions. Borrower shall have the right to have
<br />enforcement of this Secur =.y Instrument discontinued at any time prior to the earlier of (a) S days (or such other penod as
<br />Applicable saw may specify for rmnsruatment) before sale of the Property pursuant to any power of We contained in this
<br />Secunty Instrument, or (bi entry of ■ nndgtrrent enforcing this Setcunt% Instrument Those conditions are that Borrower
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the time had no acceleration
<br />occurred (bi cures arts default of any other covenants or agreet ents. ice pays an expenses incurred to enforcing this
<br />Securits, Instrument. including. but not hmrted to reasonable attorneys' fees, and (d) takes such acticir as Lender ma_%
<br />reasonaabiy require ee: assure that the lmm of this Security Instrument. Lender's rights in the P•onerrs and Borrower s
<br />Obir'atiom tv psy the sums secured bs this Seeunty Instrument steal; continue unchanged 1. pe,n remstairriew hs
<br />Hnrtcwn the `tecurv, in—uniene and the obiiiiat tons secured herrhs %half remat: fu!', efftrr,r a• c' t, . n:.rir•an.,: had
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