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!%1*` 105412
<br />If Lender required mortgage isisurance as a condition of making the Ion secured by thin SecuntY 1r t,
<br />Borrower shall pay the premiums nVured to maintain the insurance in effect until such time as the TOMTOMM for the
<br />insurance terminates in accordance witlt Borrower's and Landers written agreement or applicabie law.
<br />L Inspecdom Lender or in agent may make reasonable entries upon and inspections of the Property. Leader
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable caine for the kopection.
<br />9. Coniarmntion. The proceeds of any award or claim for damages, direct or oo—ogt bend. 0 OMMOMM with
<br />any oaademrYatioen or other taking of any pan of the Property, or for conveyance in lies of oondemnatko-1 are bavby
<br />ansigrned and shall be paid to Lender. ,
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sum secured by thit 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 hotrument shall be reduced'by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount or the sums secured immediately
<br />before 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 BorTower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a ciatzn for damages. Borrower fails to respond to Lmder 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 I and 2 or change the amount of such payments-
<br />, 10. Borrower %w Rekwpod:- Forbewaism By Lender No a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured hv 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 stxx=sor in interest or refuse to extend time for
<br />payment or otherwise modify amoruzation 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. emedy.
<br />1L Successors md Amosois B0004 Jew sad Semal lAabWW 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 pro%imons
<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 thn 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 inaLe any accommodationswitb regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Lon Chorges. If the loan secured by this Security Instrument is subject to a Inv, 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 Imp 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 />permitted limits will be rdunded to Borrower. Lender may choose to make this refund by reducing the principal. owed
<br />outlet the Note or by making a direct payment to Borrower. If a refund reduces pnncip&L the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Loginisdon Affecdog Loader's FUgbtL If enactment or expiration of applicable laws has the drect of
<br />rendering any provision of the Note at 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 L=der 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 delivering it or by
<br />mailing it by first class mail unless apphcable law 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 nonce to Lender shall be given by
<br />first class mail to Lender's address stated hems or spy other address Lender designates by nonce 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 />15. Governiog law; Severability. This Security 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 pro,.-won or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions 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 the
<br />Note are declared to be severable
<br />16. Borrower's Cop). Borrower sh&I'l he given one conformed _opy of The Notc and of this SecumN Instrument
<br />17. Transfer of the Property or a Beneficial Interest is Borrower. If all or anL part Of the PTOPCTI} Or all%
<br />interest in t< is sold cl- transferred #or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior ••itten consent, Lender may, at its option. require ininiediaie payment in full of all sums
<br />secured by this Security Instrument. However, this option shall not be exercised n� Lender if exercise is prohibited b%
<br />federal I&% as of the date of this Security Instrument
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The nonce shall provide a period
<br />of net less than 30 days from the date the notice is delivered or mailed within which Borrower must pay a sums secured by
<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 b,% this Security Instrument withou; further notice or demand on Borrower.
<br />It. borrower's RW to Relmotate. If Borrower mom certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of (a) 55 days !or such Other period as
<br />applicable low may specify for reinstatement) before sale of the Property pursuant to any power Of sale contained in this
<br />Security Instrument, or (tai entry of a judj,-nent enforcing this Security Instrument Those conditions are that Borrower
<br />(a) Pays Lender all. suers which then would be due under this Secun,-* Instrument and the Note had nt, acceleration
<br />cx�cerred.. (h) cures any default Of any other covenants or agrmments, (c) pays al] expenses incutTed in enforcing this
<br />Security Instrument. irocludm#, but not limited to, reasonable attorneys' fees. and (d; Laim suci-1 a--bov as itndet rna%
<br />ressoriahly require it.) assurc that the lien of This Security Instrument. Lender's rights in !hc ProperIN and horMUIC, , s
<br />I t., TX - ulte"IC-11 )-%
<br />ok,4igation -v par the sums secured b-. this Se4;un1,- Instrument shall crowl"Ut uticl,�Angec nns
<br />leis umero anid the obligations wcured heTe+-* shall'; rt."Ild'in tu;• fffr%:1, it ;tw
<br />u., frd K,Ae% ? lh„% -Ighl, 1 T'nn's"AltstIAP no,s art i% In Inc cwc
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