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6-- . 103820
<br />If Lender required . mortgage insurance as a condition of making the loan secured by 0-fis Security instrument.
<br />r ; Borrower shall pay the premiums required to maintain the insuiance in effect until such time as the requirement for the
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<br />f insurance terminates in accordance with Sa war's and i,ender's µ ir,en agreement or applicable law.
<br />g. lia"iertion. Lender or its agent may make reascerabic entries upon and inspections of the Property, Lender shall
<br />give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />,. Condmandon. The proceeds of any award or claim for damages. direct or consequent*in conneclion with any
<br />condemnation or other taking of any part of the Property, or for conve7ance 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. Ile proceeds shall be applied !e the sums secured by this Security
<br />Instrument, whether or not then date. with anti excess paid to Borrower ir. 'he went of a partial taking of the Property,
<br />unless Borrower apd lender otherwise agree in writing. the sums secured h, the, Security instrimient shall be reduced by the
<br />amount of the proceeds multiplied by the following fraction: (a) the total amount (if the sums secured immediately before the
<br />taking, divided by (b) the fair market vaiuc of the Property immediately before the taking. Any balance shalt be paid to
<br />Borrower.
<br />11' the Property is adand one 1 b; Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a dairr, for damages, Borrower fails to respond ;n f.cnder !1 n 30 da., after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either t<< restoration or repair of the Property or
<br />to the sums secured by this Securtry instrument_ whether or not then due.
<br />Uniess Lender and Borrower otherwise agree in writing, any application or prrticerds to principal shat; not extend or
<br />postpone the due date of the monthiv pavrttent's referred to in paragraph, l and 2 sr change (he amount of such payments.
<br />10. Borrower Not Released; Fortiverance By Lender Not a Waiver. L x;ensier: ,rf the time for payment or modification
<br />of amortization of the sums secured by this Security instrument granted by Lender to any successor in interest of Borrower
<br />shall not operate to release the iiii itity of the ongin ; Borrower or Borrower's successors in :nterest. Lertder shall not be
<br />required to commence proceedings against anti successor in interest or refuse to extend time for payment or otherwise modify
<br />amortization of the sums secured hs this Security Instrument by reason of anv demand made by the original Borrower or
<br />Borrower's successors in interest. Any iorFearance by Lender ;r, rnerci,ing anv right or remedy shall not he ra w aiver of or
<br />preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound: Joint and Several Llsbility: Co-signers. The covenants and agreements of this
<br />Security Instrument shall bind and benefit the successors and assigns of Lender and Borowei, subject to the provisions of
<br />paragraph 17. Borrower's covenattots and agreements shall be joint and several. Any Bolrnwer who co-signs this Security
<br />Instrument but does not execute the Note: ia) is co- signing this Security Instrument only to mortgage. grant and convey that
<br />Borrower's interest to the Property uncles the terms of thrs Security Instrument; tbt is noi persona :!v obligated !o pay the
<br />sums secured by this Security lnstr+unent. nn'- fc) tilt es ;hat ?-ender and anv -!her Borrower may agree to extend. rnodifs,
<br />forbear or make any accommodations with regiirii to the terms of this 5ecuniy instrument or the Nate without :hat
<br />Borrower's consent.
<br />12. Lose Charges, if the loan, ,ert<red !ht, Secunt, lm:rurnern ,uh)ect !o a law which .et• msxtm ;ur. !ouil
<br />charges, and that law is !inaliv imerpretes s , rhal t c !ntere�: Ol thrt litan Charges eol!ecled or to he ,oFected set connection
<br />with the loan exceed the permitted iimu,. then rat anv •,itch Irian ,harge -.hall he reduced by the amo!tnt e rssar,- !o reduce
<br />the charge to the permitted limit; and fh) an, sums already collected from Borrower which exceeded permitted limits will he
<br />refunded to Borrower. Lender may choose in make the refund by !educing the pnnopai owed under the `vote or by making
<br />a direct payment to borrower. it a refund rcc!uce, pruocrpal. the red• -jcuon wi;l be treated as it partial prepayment without any
<br />prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Hight,. 1. enactmrrt or cxp :rt!n +rt :wphcab v a— has the eiteci of rendering anv
<br />provision of the Note or this Security In -unnnt r,?ea'; �t = h':r x�cr� :,!j ;tg !r, •„ tcrrn,. !.ender at its option., naav require
<br />immediate payment in lull of all sums ler!red h,; thre Securir: Insjr:mem and trial invoke anv remedies permitted be
<br />paragraph 19. if Lender exercises this :,p;ton, i ender �h; l( take the ,tops cpe(Ij-ed in the second paragraph of paragraph 17
<br />14. Notiees. Any notice so Uorrowcr p ovules+ 'or in hie °recurj!% insirurneni shall he given by delivering it ? be
<br />mailing it by first class mail unless apphs at,.e law ,rqulre. -use of another method The notice ,hail be < +_erected +o the
<br />Property Address or any other address Borrower designate, he non e it, 1 ender Any nonce to lender shai! be given by fire.t
<br />class mail to Lender's address staled hereon or any other address I ender designates by notice to Borrower Any notice
<br />provided for in this Security Instrument shall he deemed to ha.,e been given to Borrower or [ender wizen hiven as provided m
<br />this paragraph.
<br />15. Governing Law; Severanility. This Security instrument shall he goserned nv federal iaw and the law of the
<br />jurisdiction in which the Property is iocated in the event that any tiro —tons or clause of this. Se uri!y Instrument or the
<br />Note conflicts with applicable law, such conRici shayl not affect other ;+ro,tsion, of this ksurits fnsir.rnent or the Note
<br />which can he given effect without the ,:Imf i:Iing prost,ion "o this r•nd thr pryi,;ons of thi, Security instrument and the
<br />Note are declared to be severable
<br />16. Borrower's Copy. Born„ver ,hall be given one :onformeci ( opy of the Vote 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 any interest .n it
<br />is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borro,ver is not a natural pei,on)
<br />,without Lender's prior written cort.en!, Lender stay. at its option, rrquirr i rimedfate payn)eut to full of all sums "ecured h,
<br />this Security Instrument Howe,et, this option shalt riot he exetcaed by 1 elider r xerrise i> p tuhtbited hs_ federai Iaw a. )I
<br />the date of this Security Instrurnent.
<br />If Lender exercises this option, Lender shall give Borrower notice ref acceleration The nojicr shall pr, de a period of
<br />trot less than ?0 days from the date the t.,tic`e :e delivered or mailed withm which the Bornnver must nay ail snits „coned �.N
<br />this Security instrument. It Borrower fall, to pas these anti, prior to the expiration of thi, period, I ender ma, it,, :an,
<br />remedies permitted by this Security In :trument without further notice or demand on Borrower
<br />11111. Borrower's Right to Reinstate. It Borrower meets certain Conditions, Borrower shall ha,c the night it, hake
<br />enforcement of this Security Instrurnent discontinued at any time prior uo the earlier of (a) 'i day, ion such :,they period a,
<br />applicable law may specify for eemstatementIr before .aie of the Pnopeir, pursuant to rant/ power nl ,.ale contained m 0,-
<br />Security Instrument, or thi entry of a judgment enforcing this Security Instrument those nxutttrrm. are that Borrower !a?
<br />(says Leader all sums which then would he due under this Security Instrument and the Note had no accelerajion occorrrai rt +S
<br />curet any default of ally other :tivendnis s r agreements, (c} pals all rwpenses rncrr•ed tit enforemg :hI, Secu h Instrumenj
<br />inwludialf. but not limited to, tea,onabir a is rney'v fees sad (i) lakes u,h action as l Coder oleo ten grill +l, tstutrr r+ a e
<br />that the lien of ;his tie.urty Instrument. I ender': -Ighr +e; the P—per!, and BOrr!'Iwer', „hhgano!t t- f +at/ the sun;, , , ,.e•.
<br />by this security Insirumcni shall xonimut, unshangcd i?par .ein,!atrmrur h, BcrrJ,wer this tier. , tn,!rr,ment ar,.i the
<br /><rbhgaliolls ,tcurmi hereby shat! r l!ia r u 1 ate t t -a +r.kereu„r ,
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<br />!Kat apply in :fir cast ,+ ar,•rie our -,. .ends, , nr i{ttai , + ('
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