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$6- 103711
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<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 insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries u pon and inspections of the Pro Pe rt y. Lender
<br />shall give Borrower noticeat the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, director consequential, in connection with
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<br />any condemnation or other taking of any part 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 sums secured by this Security
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<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
<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 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
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<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
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<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 Lender 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 />interest 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 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 ofor preclude the exercise ofany right or remedy.
<br />11. 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 be 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 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.
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<br />modify, forbear or make any accommodations with regard to the terms of this Security instrument or the Note without
<br />that Borrower's consent.
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<br />12. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<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 a refund reduces principal. the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. 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 sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. if Lender exercise's 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 tit this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mail 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 Lcmier. Any notice to Lender shall he given by
<br />first class mail to Lender's address stated herein 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 />15. Governing Law; Severability. This Security Instrument ,hall be governed by federal law and the law ofahe
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security 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 />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument
<br />17, Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or arty
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower I, not a natural
<br />person) without Lender's prior written consent, Lender may, at its option, require immediate payment In full ref all suits
<br />secured by this Security Instrument. However, this option shall not be exercised he Lender" tl c•4erclse Is 1v0hlbrtcd by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exereisew this option, Lender shall give Borrower notice of acceleration I he "Once shall provide a per tud
<br />of riot less tha-, 10 days from the date the notice is delivertLi or mailed wlthm which Borrower must pay Al sums ,ecureet by
<br />this Security Instrument. 1f Borrower fails to pay these sums prior to the expiration of this period. Lender was tin like any
<br />remedies permitted by this Security Instrument wilhout further notice or demand on Jim n w er
<br />18. Borrower's Right to Reinstate, if Borrower rtleets certain conditions, lioryo%%cr shall ha+c the rls;ht to have
<br />enforcement of this Security insttunfent discontinued at any time prior to the rainier of la I s day, for such ahcl pert „d e,
<br />applicable law may 4 x Ify for rcltl4l', :l tfrllelit) before Salle (If the Propetty pur'03111 to MI% l ,Iwef It ,;,ie I.+0yd ITle11 111 f fn4
<br />Securify Instrument; or Q,g entry IN a Judgment enforcing, thl' S,`curlty in +tronww I ho v (+omit l•.'ns ,u, Ih,,l 111111 "%et
<br />(a) pays lender all ,ums %lm-h then would lie duc under lhl% Secunts In,tl'nrrltlll and the No:( h'I'l •n
<br />occurred; Fh; cure,, any dcfauh of any +,,titer Avery <Int, nr apfcrnlcltts I,F pay, .,II rkl+ei— +k III "'d iz, . +i rune 'h:,
<br />sekurtty Irl +lrurnew. Including. ! +ul riot limned to, reas.mahle ,lit :,rnc , lee, .4310 !Ill
<br />reaso"ahiy rcgwfc u, W-,ure Ihat the lien ,.d thi, sc, iiiii, In %irunnfnt, t . s,,iv: : , ! r ! +•, I• I,,, n,+r+,'11,
<br />obligation lit 1131 Ills 1:I I'IS', ,Col;'ed h, Itll4 coi.orl1% 11iltnlvlclll sltnli .,I +oils J: .II,. II. •. }, ;
<br />ilcsrrowcr. this Sek :,rrtt irl.tnnncnt and th • oldigawIlls secure 1 Lcretlo .hall :. meii '.III( Qr,
<br />,Xt wfed 11,1 %o t'! 'It;. •ij{iht to 7oill't :Ile Nhail II'll app(•, to `1 _ 1,•' -+!:1 ...t I',+ -. +, -1 s': ,I' }
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