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<br />8f-- 104641
<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 />g. Inspection. Lender at its agent may make reasonable 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 />9. ConiesnaUoe. The proceeds of any award or claim for damage,,: direct or consequential, in connection with any
<br />condemnation or other taking of any part of the Property, or for conveyance 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. the proceeds shalt 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 Properly,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the
<br />,amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />takiw divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to
<br />Borcower.
<br />If the Property is adandoned by &irrowtr, or if. after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settic a claim for damages. Borrower fails to respond to Lender within .st1 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 lnctrumtrrt, 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 dug date of the monthly payments referred to in paragraphs t 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 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 liability of the original Borrower or Borrower'-, successors in interest. Lender shall not be,
<br />required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify
<br />amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or
<br />Borrower's successors to interest. Any forbearance try Lender inrxercising any right or remedy shall not be a waiver of or
<br />preclude the exercise of any right or remedy.
<br />11. Sacressun and Assigns Bound: Joint and 5everd LibibiBty; Cn- aignetrs, The covenants and agreements of this
<br />Security instrument shall bind and henebt the successors and assigns of Lender and Borrower, subject to the provisions of
<br />-paragraph I"- Borrower's covenants and agreements shall be paint and several. Any Borrower who co -signs this Secunty, _
<br />Instrument but does not execute the Note: is) is co- +aiming this Security Instrument only to mortgage, grant and convey That
<br />Borrower's interest in the Property under the terms of ibis Security Instrument, (b) is not personally obligated to pay the
<br />sums vecurrd by this Security Instrument; and tc) agrees that Lender and any other Borrower may agree to extend, modify,
<br />forbear or make any accommodationi with regard to the terms of ibis Security Instrument at the 'gore without that
<br />Borrower's consent - - -
<br />1.. loan 'Cl atrges. If the loan secured by ,his Security instrument is subject to a law which sets maximum loan
<br />- - charges, and that Iaw is finally mierpreted see that the interest or other roan charges- collected or to be collected in connection
<br />with the loan exceed the permitted limits, then tat an.v such loan charge shall be reduced by the amount necessary to reduce
<br />the charge to the permitted limit: and (b) any sums already collected from Borrower' which exceeded permitted limits will be
<br />refunded to Borrower. Lender may choose to [Hake this refund by reducing the principal owed under the Note or by making
<br />i,
<br />a direct payment to borrower if a "fund reduces prmcipat, the reduction will tic rtested as a partial ptepavment wihout any
<br />piepsy -me nt charge under the Soe
<br />13. Legislation Affecting leader's Rights, if enactment at expiration of applicable laws has the effect of rendering any
<br />xrovision of the 'Note or this Sexy ;s Instrument unenforceable according to eIs terms, Lender, at its option, may require
<br />immediate payment ,n Fuld of ;ti: =urns secured by this Security instrument and may invoke any remedies permitted by
<br />paragraph 19 If I ender exercises this option. Lender shall take the steps specified in the second paragraph of paragraph 1 7.
<br />1i. Notlren. Any notice to Borrower provided for in this Se,unry Instrurent shall be given by delivering it or by -
<br />mailing ,t by first class mail unless applicable Iaw requires u,st of another method The notice shall be directed to the
<br />Properts .Address or any other address Borrower designates bs notice to Lender. Any notice to Lender shalt be given by firm
<br />,`lass maid to I. ender', address stated herein or any other address Lender designates by notice to Borrower. Any notice -
<br />provided far m this Security Instrument shall he deemed to have been given to Borrower or Lender when given as provided in - -
<br />tho paragraph - -
<br />li. Guveraint law; Sevtrah)Bty. This Secuniv Instrument shall be governed by federal law and the law of the ,-
<br />,urisdiction In which the Property is located.. In the event that any provisions or clause of this Security Instrument or the -
<br />Note conflicts with applicable Ia., such conflict shalt not affect other provisions of this Security Instrument or the Mote
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />*+oft are deciared to be severable
<br />16. Borrower's Copy. Borrower shall be given one conformed Copy of the tvlore and of this Security Instrument,
<br />llf Transfer of the Properly or a Bearfkfal Interest in Borrower. If aU or any part of the Property or any interest in it
<br />is sold or transferred (or if a beneficial interest in Borrower is void or transferred and Borrower is not a natural person)
<br />without gender's prior written consent, Lender may, at its .Option, require immediate payment in fun of all sums secured by
<br />this Segura} Instrument, However, this option shall not he exerctwil by Lender it extrc)se is prohibited by federal Iaw as of
<br />the datt of Ott* Security Instrument
<br />It Lender `sus this option, !.ender shall give B,rroiwer notice of acttitraskarr The notice shall provide a period of
<br />neu kvs than V) days from the date the notice is delivered or mailed within which the Borrower must pay all sums secured tiv
<br />this Security instrument If Borrower fails tO pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower,
<br />IS. ttormwer's Right to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to have
<br />tintotcement of this Security Instrument discontinued at any time prior to the earlier oU is) s days (or such other period as
<br />applicable Iaw may specify for reinstatement) before safe Of the Property pursuant to any power of We contained in this
<br />Secuniy instrumem; Or N entry of a judgment enforcing this slecuriiy Instrument. Thost conditions are that Borrower! (a)
<br />PAYS l.endet all sums which then would be due under this Security lnstrument and the :`tote had no screieraton occurre;L (ir)
<br />,cut" any default of any Other covenants or agreements: tc) pays all expenses mcurred to enforcing this Security Instrument.
<br />Including, but riot limited to, reasrurabk attorney'+ fees; and td) lakes such action ax I -tinder may rrastvnably rrquirr It, assure
<br />that the fien of this slecurtiv lnslrumtat, I endev" rights to the Protstrty and Borrower's obligation to pas the sans secured
<br />tiv this s turfty Instrument shaft cf roitluir umIranged Vpon tomslatement try Borrower, this 4ecusat) tnstrurrirru unit the
<br />ohitgaa-,ov wwrrd hrtehr shall amain fully effevanr as if no rlrrswtn hest intuited Howevef, ibis riahr to trinstarr -Nall
<br />Aeq apps, 0 the . rxr cif ""'riaratiern cinder rs rtylraphs 11 sir t'"
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