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$6-- 103843
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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 thtprerriiums required to maintain the insurance in effect until such time. as the requirement for the
<br />insurance terminates itba. , iitdAA ,*ilh,Bescower's and Lender's written agreement or applicable law,
<br />S. iASpecttoo,t.L4r ear itagient ittay rdake` rt�sonable entries upon and inspections of the Property. Lender
<br />shall give Borrower nonce i't the tit' 6b or plot tci nn inspection specifying reasonable cause for the inspection.
<br />9. Ctindemnat3on $coeds, 'fang award or claim for damages, direct or 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 afraid shall bepaid to Lender.
<br />In the event of total taking of the Property, the proceeds shall be applied to the sums secured by this Sc curity
<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 />beforedhe faking, divided by(h) 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 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 i.therwisemodify 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 preclude the exercise of any 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,
<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.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject to a law w huh 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. [fa refund reduces principal, the reduction will be i rented 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 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 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 Lender. Any notice to Lender shall be 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 he 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 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 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 Notc and o f t his Security l list rimtent.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. [fall or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest to Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent. Lender may, at its option. require immediate payment m full of all sums
<br />secured by this Security Instrument. However, this option shall not be exec cased b% Lender if exercise as prohibited by
<br />federal law is of the date of this Security histrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed 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 period, Lender mas invoke wiv
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this 5ecunty instrument discontinued at tiny time prior to the earlier of (a) 5 days (or such oather peritA .is
<br />applicable law may specify fir reinstatement) h>LI'mc sale of the property pursuant l,+ any power of sale coutan,ed an tills
<br />9a:curity lrrstrtmnem; nor (b) entry oaf a judgment enforcing this Sccurit} Instrument l hose conditions arC that floi n +suer
<br />(a) pays Lender all sums which then would he due under this Security Instrument and the 'dote had no t- clela "011
<br />occurred. (b) cures ally default Of any other covenants or agreements: ;c) pays all exp enxs incurred an cnfurctng this
<br />seLunty dnntrament. rnrluding, but not limited to, reasonable attorneys' fees; rand (d) takes such action as Lcritic, may
<br />reasonabiy require tin assort that till hen of this !iecurny Instruincitt, Lender's tehas ui file fan +pelt) and Nouowcr
<br />e.bi:gataon tar pay the .urns secured by this Sleuth) Instrument +hall umrima : unchangad ;'pion scm,taaCancnt hs
<br />It++rr:rwlrr. th; +lcruri!s Instrument and the,ibhKattons wcurcd hereby ~hall wm;r,+ It;EI_i cdc tiara. ! a.:rrli rdi,ni haul
<br />atiir.ad Wwc,el 01.% itQtutoreaastatrshallnutanp�lN; n;hiek,ase,- i un,d ' ,
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