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If Lender required mortgage imurrince as a condition of making the loan secured by this Seeuniy Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requtremcat for the
<br />insurance ternnnates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />g, linpedilsn. Lender or its agent may make reasonable entries upon and inspections of the Propeny. Lender
<br />shall give Borrower notice at the time ofor prior to an inspection specifying reasonable cause for the inspection.
<br />!, Coodawtwatlea. The proceeds of any award or clatmYor damages, director consequential, in connection with
<br />any condemnation or other stoking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />iwtgned and shall be paid to Lender.
<br />to the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Inurumtml, 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 Ibe 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 ail 1Wrrower that the condemnor offers to
<br />wake an award or settle a claim for damages. Borrower fads to respond to lender within 30 days after the dale the uuicc is
<br />given, Lender is authorized to colkct and apply the proceeds, at Its option, either to restoration or repair of the Prnpcny or
<br />to The sums secured by Ihb Securny Instrument, whether or riot lhen due.
<br />Unless lender and Borrower otherwise agree in writing, any application of proceeds to principal shall nut extend or
<br />postpone the due date of the mothiy payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Reaared, Forbearaece By Lender Net ■ Waiver. Extension of the time for payment or
<br />modification of amoruzatwn of the sums secured by this Secun[y Instrument granted by Lender Io any successor to
<br />interest of Borrower shall not operate to release the liability of the onginal Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor to 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 origins) Borrower or Borrower's succemon in interest. Any forbearance by Lender in exercising any right or remedy
<br />shell not be a waiver of or prelude the excrctse of any right or remedy.
<br />11. Saecasaars aid Assipi Baud; Joint awe Several LfaMlity; Coaiaaers. The covenants and agreements of
<br />this Security Instrument shall bond and benefit the successors and assigns of Lender and Borrower, subject to the provsions
<br />of paragraph 17. Bornrwer's covenants and agreements shall be Kant and several. Any Borrower who co-signs l his Security
<br />Instrument but dole row execute the Note. (a) is co- signing this Secunty Instrument only to mortgage, grant and convey
<br />that fiorrowu's interest in the Property under the terms of this Stxunty Instrument; (b) is not personally obligated to pay
<br />e
<br />the sums secured by this Security Instrument; truent; and (e) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any acommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Lau1 Ctaargar, If the loan secured by this Security Instrument Is sub)cct to a law which sets maximum loan
<br />Charges, and that taw is finally interpreted so that the interest at other loan charges collected or to be collected in
<br />connection with the loan exceed the permitted limns, then: (a) any such loan charge shall be reduced by the amount
<br />ne cesury to reduce the charge to the Minified limit, and (b) any sums already collects! from IWrrower which exceeded
<br />pcmutitxi limas will be refounded 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 a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />3
<br />13. Legistatios Affecting Leader's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument uneuforccable according it) its terms, Lender, at as opium,
<br />may require immediate payment In full of all sums secured by this Security Insnrunicnn and Oily invoke any renir,hs
<br />permuted by paragraph 19" If Lender exercise this option, Lender shall take the steps specified cat the second paragraph of
<br />paragraph 17
<br />14. Notices. Any notice to Borrower provided for in this Securely Instrument shall he given by delivering it „r by
<br />mating it by first class mad unless applicable law requires use of anothrr Inciliod The nnttte shall be directed hl the
<br />Property Address or any other address, Isurrower designates by nonce to lender Any notice to Lender shall he given by
<br />Am class mad to Lender's er's address stated herein or any other address Lendco, dcsignaics by notice to Borrower Any uoucc
<br />provided far in this Security Instrument shall be deemed to have been given to Borrower or lender when given as provided
<br />in this paragraph.
<br />15, Govaraiag Law; Severe dNtity. This Security Instrument ,hall he governed by federal law and the law Elf ale
<br />)urn-diction in which the Properly is located In the event that any provision or clause of this Sts unly Imirumcnt or the
<br />Note conflicts with applicable law, such conflict shall not aBect other provisions of this Secunny Instrument or the Noic
<br />which can be liven effect without the conflicling provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />IC Borrower's Coyly. Borrower shall be given one conformed copy of the Note and of this Security Instrument
<br />17. Trasiafar of the Proolsomy or a Beneficial Interco is Borrower. If all or any part of she Property or any
<br />interest can it a sold or transferred (or if a beneficial interest to Borrower Is sold or transferred and Borrower is not a nanutat
<br />person) without Lender's prior written consent. Lender may, at Its option, require hmmedixnc payment In full of all sums
<br />secured by this Security Instrument However• this option shall not be exercised by Lender if exercise is prohli,ited by
<br />4rderai law as of the date of this Security Instrument.
<br />If lender exercises this option. Lcoda shall give Borrower notice of acceleration The notice shall provide it pscnEld
<br />of not less than 30 days from the date the notate is delivered or mailed within which Borrower rnusl pay all sums secured by
<br />lhis Security Instrument If Borrower falls to pay these sums prior to the expiration of this period, Lender may Invoke any
<br />remedies permitted by this Security Instrument without further notice or dentand on Borrower
<br />Ill. NorHwar'a (tight to Roommate. If Borrower meals certain corelatom, tWrrower shall have the right nn have
<br />enfrxcemenl of this Security Instrument dascortunued at any Ionic prior to the earlier of (a) S days (ar such o0ct pem.41 as
<br />apolcabk law may specify for teinsla :en,ent) before sale of the Promly pursuant its any power of sale contained III itm
<br />Security Instrument, to (b) entry of a Judgment enforcing this Sea ugly Instrument I host E,o ,mitim are that H.,rrs,wrt
<br />(a) pays Lender all sums which then would be due under this Soxunry Instruniens and ibr Nuic had no ararkn,su,n
<br />ti7
<br />,tneursed. fb) cures any default of any Ether covenant or agreemrntt (r) pays all rxpen,es in,urred in rnt,-r, oig thi,
<br />smurry fnstrumern, rid luding, but red binned tit, resou Kahle artnrnrys ices and id) lakes such ac Liorl a, I en,icr nlav
<br />reasthrsably ressutre to assure that the ten of this Security Instrument. tender s nghis m the Property and to•H I,IP rt is
<br />obllgaiertt to lay the suits& vec.ured by this Security Insrrurncnt shall ,,mtinisc t'1. 11 /rmst.nan•rni t,y
<br />Ittrtowsef. IIIII, security (n,itUn/r,lt rind the uhititatiom %c,urrd hereby ', hall Errn.m hilly •'torn 1- 1, ,t r,,, n„ rir,., n, u, 1•.,,,:
<br />..w..nr of - is. .,,or.,hit',othl l.. rrfn,I.,fr,�:i.din.lE ai,t';3 !n fh,'- .LI— "I.a.,t,r t-,l,'fi ,F, �• ,t 1
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