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<br />86, 103861
<br />If Lender, required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall:pay the prefniurris 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 />S. Lnspect- Lender , its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at 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, direct or consequential, in connection with
<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
<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 />h k; A balance shall be
<br />before the taking, divided by (b) the fair market value of the Property immediately before t eta mg.
<br />An
<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 ip paragraphs I and Z 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 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 Borrowers 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 Vote without
<br />that Borrower's consent.
<br />I2. 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 exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Atn notice ro Borrower provided for Ili this Secuniv 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 Ne directed to the
<br />Property Address or any other address Borrower designates by notice to Lender Any notice t� Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender' designates by notice to Horrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Leader when gii'en as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This See unty Instrument shall he governed M 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 call be given effect without the conflictatg provision. 7o this end tite pro% »ions of this Security Instrumrnt and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Nile and of this Secuntp Instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower, 1f 'ill ur any part of the Property or any
<br />interest m it a sold or transferred for rf a beneficial intere %i in Borrower is sold or aansferred and Borrower a not a natural
<br />person) without Lender's prior written consent, Lender may, at us option, require immediate payment tit full of alt sums
<br />second by this Security Instrument However, thls option shall not he CXCICiSed by Linder d evcrcisc is prohibttd by
<br />federallawasof the date of this Security Instrument.
<br />If l.cnder Lender shall vine loci re,wer =usuet: +I acrrlcriut;n (�e nca_i- shill eilr .r 1 =c:,:!
<br />ofnnt less than the date ih. ne,ucr is Jrh.rnai �;r nimilrU w ^tiun ,vhi�f; eie:rn,.tirr pun e,;rt .ci! �,.ims �c °�ur:�'i�
<br />his Sxurnv ln,uument If Borrower fails to pas these,ums prwl it, the .".pualron 4011, lu:nod, l.cndet -inn ;n,r.xe IW,
<br />remedies permuted by thie Security Instrumrnt without ftirthct nonce or dim +ni rn tit rr . -cr
<br />is. Borrower's Right to Reinstate. if Borrower meets cr..tin :ondui ns. lir•rrowcrr 'i „il ia.r 11,, - y,in r, ha
<br />cnforcenittm rf this Scc'tl[M uistrutnrnt dtsc(:nunuea at anv tune ; nor to ilir rirfirr of ! e :y, =,,cr .u, i W! ;,cn Wcr _r.
<br />appitcahic law Into, '.VW, 11% ;<t i n statanrnu'aafore sale of 01c ; .Irs la a
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<br />rasa arsxi,l r�. ;u:rr x,taUV that the lien e,i this Set ar:iy} 1•<,trumr !t i r!ldel .0 ;hc !'r•t < :, li,a ,,ac °:
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