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$6-- 104191
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />for the
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<br />Borrower shall pay the premiums required to maintain the insurance in effect until such lime as the requirement
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<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable taw.
<br />S. Inspection. Lender or 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. director consequential, in connection with
<br />r:
<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 />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shalt 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 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 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 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 he 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 />limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />permitted
<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 oft lie Note or this Security instrument unenforceable according to Its terns, Lender, at its option.
<br />may require immediate payment in full of all sums secured by this Security Instrument arid may invoke any remedies
<br />19. If Lender this option. Lender shall take the steps specified in the second paragraph of
<br />permitted by paragraph exercises
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for to this SCCllrlt) instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. 'fhe 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 ciyen by
<br />first class mail to Lender's address stawd 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 green to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Iaw; Severability. This Security Instrument shall he goxerned 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 prinisrons of this Secunty instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and [lie
<br />Note are declared to be scserablc.
<br />16. Borrower's Copy. Borrower shall be gnen 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 an\ part of the Property or anq
<br />interest in it is sold or transferred (or if a beneficial interest in 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 in full of all sums
<br />secured by this Security instrument. However, this option shall not be exeictsed by Lender it exercise is prohrhited h)
<br />federal law as of the date of this Security instrument.
<br />If Lender exercise% this option, Lender shall give Borrower notice of accele.rauon_ The notice shall pros ide a period
<br />of not less than 30days from the date the nonce a dehvered ,,r mailed \snhin which fiorniwcr ritu,i pay all ,mns secured b\
<br />this Security Instrument. If Borrower fads Iii pay these sums prior to the exptrnion 01 01.11 prniid. i.endcr ina) ;mike an\
<br />remedies perinniedby this Security Instrument wnhout further nonce or demand on Bornmei
<br />18, Borrower's Right to Reinstate. If Borrower meets rcrt;on ..ondllwns. ltorlo'%C! ,trill ha\e the ;t�ht tip
<br />enforcement ,I lhic ticcurily Instnmiew i1c ,ntmu d at any hi ie prior w fhe can a .;l t,,l I:1V, t >I ich rt`i t rnod't
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