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06° 105009
<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 Borrowers and Lenders written agreement orapplit sable law.
<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, direct or consequentiol., in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lied of conderrmittrvmn are ;hereby
<br />assigned and shall he 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. whet her 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 />Wore the taking, divided by (b) 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 set tie 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 cir
<br />to the sums secured by this Security Instrument. whether or not then due.
<br />Unless Lender and Borrower otherwise atree in w rttttrtg, any application cif proceeds to principal shall not extend or,
<br />postpone the due date of the monthly payments referred to in piaragraphs.I and 2 "or change the amount of such psaynsents_
<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 hs%hty of the ortgtnal Borrower or Borrow=er's successors in interest_
<br />Lender shall not be required to commence pro�diag, against any successor in interest or refuse to extend time for"
<br />payment or of herwise modify amortization cif the sums secured by this Securit Instrument by reason of anv demand made
<br />by the original Borrower or Borrowers successors in interest". Any forbearance by Lender in exercising ans right or remedy
<br />shall not be 'a waiver of or preclude the exerciser of any right or remedy
<br />11. Successors and Assigns Sound: Joint aad Several lAshility: Co- signers. Theco%mants acid agreements of "
<br />this Security Instrument shall bind and benefit the successors and assigns, of Lender and Borrower. submit to the p rovisiotrs
<br />of paragraph 17. Borrower's covenants and agreements shall be3oint and several, Any Borrower who cry -cagirs this Security
<br />Instrument but does not execute the Noie: (a) is co- signing this Security Instrument only to mortgage, grout and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument: (b) is not pe—_ -ally obligated ti? pap
<br />the sums secured by this Security Instrument, and IcI agrees that Lender and any other Bone }wer may agree to extend.
<br />modifg, forbear or make am accommodations with regard t,='rhe terns of this Security Instrument ,rr the Note without
<br />-- that Borrower s consent.
<br />1 Loan Chprges. If rite lLT3tI secured by this, Security Instrument is subject to a law which say Mau leaner
<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 excre1 the permitted limits, theft: (a) any such load charge shall be reduced by the amount
<br />necessary to reduce the charge, to the permitted limit. and (b) any sums already collected from Sorrvow which exceeded
<br />permitted limits will be refunded to Borrower. lender may choose to make this refund by reductng the prinetpal owed
<br />- -- -under the Note or toy' making a direct payment to Born >ww. If a reflurld reduces prinizipal, the reduction will be trewed as a -
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<br />partial prepayment without any prepayment charge under the ?use.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable Iaws has the effect of
<br />rendering any provision of the Note or this Securty Insrumenr unetiforceable according to its terns, Under- at its option_
<br />mat) require immediate payment in full 1.4 ail +isms secured by this Security Instrument and may inv(rke any remedies
<br />permitted by paragraph 19. If fender exerc;srs this option, Lender shall take the steps specified in the second paragraph taf
<br />paragraph I'
<br />li. :Notices. Any notice 1c Borrower provided for ire this scc: unty Iaiszrument shall" be given by delivering it or by
<br />marling it by first class mail unless apghcable law requires use of another - method_ The nonce shall be directed to flit
<br />Property Address or any other address Borrower- designates bs notice to Lender. Any notice to Lender-4tall be given by
<br />first class mail to Lender's address stated herein or any other address mender designates by notice to Borrower- Any mouse
<br />provided for in this Security Instrument shall be deemed to have been lover. to Burro%er or Lender when green as provk1ed
<br />in this paragraph_ W
<br />I5. Governing I1N; Seyerability-. This Security losirument Anal', be gctveriaiM bky federal law- and the law cif the"
<br />- jurisdiction In which the Property is Irvaied. In the Client that any provision or clause EFt this Se, ut -1 1 strumcat t_vr the - -
<br />Nore conflicts with applicable lain. such conflict +ball not affect imher provisions of tins Security Ins rurrwra :err the Note
<br />which can be green effect without the conflicting provision. Tic this end the l rovisiions of this Security Ins tru deer and the
<br />Note art declared to tie severable
<br />15. Borrower's top). Bore, r er shall be go. one -nformec op. (,i the Nole and lrsxramen-
<br />1?. Transfer of the Property or a Beneficial Interest in Borrower. If all or any parr, i -f the Pr; perry err an^
<br />initrest in it is sold or transferred for if a beneficial interest in Borrower is void or transferees# and Borrower zA not a natural
<br />perscon) without Lender's prior written consent. Lender inay, at its ciapt'iort, rNuire inrrri prediate aymeof in full of all sunrt
<br />secured by this Security lnsirument_ However, this optie=ri shall no be exer^ised by LeriJer if e. =rrcist is Prohibited by
<br />federal lak as of the date of this Security lnsirament_
<br />-... - -7' tendct e:<Ci =i c'3 this optteo. m Lender ,'.'Salt, gilc rwrro we; notiit;::Tacccwyr Ati,,rn The ipoti" haH pi's 4:,de.t.p r.#O
<br />[if net less than ids days from the daie the rimtce is delt5ered or m4ded H:ithin which W,,M�i`r nU,i }far ;ele ti,ly.irt? ^� „},`.c'i� b»i -
<br />- th n SccciJrity Instrunent. If Borrower fails try rQ) thcx sums prior tcC thin expiriitio i nil this peri,'id, L''oder may
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<br />remedies permitted by this Security Instrument without further ncRice tar demand on Berrv%el,
<br />1S. Borrower*% Right to Reinstate. IfBoirrowcr meet+ serf tin cciri<liti ns, fi xrr4 wet' s tl'a "tdv the rt't I . = i a ; c
<br />enfor enirm of this Security Instrument discno tnued at any tithe prig to the ratlier of (a 9 ` d;wy "% r-,.;= vp h ; -iha , .,:si a,
<br />applicable Iaw ferias s cif% ft-'r emstio rml;nti before sa of he properly ptirtiia i red r we .a *k 1'd -
<br />Ins.,utnent
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