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-- 104907
<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 />8. 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 />4, 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 to 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 (h) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower
<br />If the Pmpcny is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor offers to
<br />make ar, 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 />w the sums secured h% 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 paymenLs 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 hiability of the original Borrower or Borrowers successors in interest.
<br />Under shalt not be required to commence proceecitngs 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 trade
<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. Sucemors and Assigns Bound. Joint and Several Lability: 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: (al 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 Secunt) instrument; (b) is not personally obligated to pay
<br />the sums secured by this Secunty Instrument, and (ci 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 />1Z, Loan Cbarga. If the loan secured b% this Securty Instrument is subject to a law which sets muximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />coronation 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 reducer principal. the redaction will be treated as a
<br />pall Prepayment without any prepayment charge under the Note-
<br />13, IA*idatioe Affecting Leader's R1>gkm If enactment or expiration of applicable laws has the effect of
<br />reuoanng any provision of the Note or this Security Instrument unenfin bit according to its terms. Lender, at its option.
<br />may require immediate payment in full of all sums secured by this Securty Instrument and may invoke any remedies
<br />permitted b% 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 dchvering it or by
<br />mailing it by first class mail units% applicable iaw 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 marl 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 be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />13, 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 he given effect without the conflicting provision To this end the provisions of this Secunn Instrument and the
<br />Note are declared to be se%erabie
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument
<br />1 Transfer of the Property or a Beneficial Interest in Borrower, if all or any pan o* the Property or any
<br />interest in it is Hold of transferred ire rf a beneficial mtere t rn Borrower is sx�:d or transferred and Borrower is nos a natura'.
<br />personi without Lender's prier written corscni, Lender may, ;ii its option, requir_ immed ;atc payment in fall ofali sum,
<br />secured by this Security Instrument; However, this option shah not be exercisec by Lender if exercise is prohibited by
<br />federal law as of the date of this Secunt Instrument
<br />If Lender exercises this option- Le_nde_r &halllgjve RenTriwe_r n Luce of ae= rierar�cui The notice chat! nrnxicie= nod
<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 Secunh Instrument If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any
<br />remedies permitted by this Seccunty Instrument without further notice or demand on Borrower
<br />18, Borrower's Right to Reinstate. If Borrower rneen crruin conditions, Borrower shall have the right to have
<br />enforcement of this Secunty Instrum rtrt discontinued at any time prior to the earlier of (a) c days (or such othu peroid w:
<br />applicable law may specify for reinstatement) before sale of the Proper) pursuant to any power of We contained in this
<br />Secunt% Instrument. or (hr rnin of a tudgmeni enforcing this Securty Instrument Those conditions are that Borrower
<br />tai pays Lender All Sums whr,h then wriuid he due under this Securty Instrument and the Note had rc, Acceleration
<br />,K;curred, (ht ;urns any default of an) other co.enants or agreements. 4c) pays all expenses incurred in enforcing this
<br />%ecurns Instrument, including. but riot limited to. reasonable att urneys' fees, and id, takes such action as Linder may
<br />reasonshiy reyutrr tc- assure iha+ the here of this Securer} Instrument Lenders night in the 1roperty and Borrower
<br />e,Ohfiatl -, 1, pas the Bums Secured by this Security in%iniment %hall cuntinur ern. hanged L'lnin ransiatcrticr, hx
<br />;Ins ;r�tr,C. aced :fl e, >hhgan o us Secured lir11 -, tih»!'rrrrail% v,Mc,' a, tr.� a.xie.a,r,et iess�
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