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If Lender required mortgage insurance as a condition of making the loan srcirrd by this Security In
<br />strument, Borrower shall pay the premiums required to maintain the insurance in effect unril such time as if requirement for
<br />the insurance terminates in accordance with Borrower's and lender's written agreement or applicable law.
<br />S. Inspection. (ender or its .:gent 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. Condemnation. The proceeds of any award or claim for damages, direct or consequential, In connection with any
<br />condemnation or other taking of any part of the Property, or for conveyance in lieu of uuidcmnat 1011. are hereby assigned and
<br />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, whether or not then due, with any excess paid to Borrower In the event of a partial taking cif rile Property'. unless
<br />Borrower and lender otherwise agree in writing, the sums secured by this Seeuip instrument shaft be reduced by the• amount
<br />of the proceeds multiplied by the following traction: 1a1 the total amount of the sums secured Immediately before taking,
<br />divided by (b) the fair market value of the• property immediately before the taking. Any balance shall be paid co Borrower
<br />if the Property is abandoned by Burrower. or if, after nonce by Lender to Borrower char the Loncirmnor often u) make
<br />in award or settle a claim for damages, Borrower falls cu respond to l.c-nder within ;0 day, after the date the notice is riven,
<br />Lender is authorized to collect and apply the proceeds, at Its option, either to re,turanon or repair of the Property or Io the
<br />sums secured by this Securin• instrument, whether or not then due
<br />Unless Lender and Borrower otherwise agree In writing, env .ipplication ()t pn+creds :t, principal shall not vxcend or
<br />postpone the due date of the montilly payments referred It) In paragraphs I and ' or change the amount of such payments
<br />ID. Borrower Not Released; Forbearance By Lender Not a Waiver. Lxce•nsuni of tilt time for pa)Inent or
<br />mtxfificatiun of amurtizarion of the suits secured by this Srnunty In,trumcnt granted by Lender to any suea•ssor tin interest of
<br />Borrower shall not operate to release the liability of I he original Borniwcr or Borrower s ,uece•ssors in interest Lender shall
<br />not be required to commence proceedings against Any successor in (merest tir refuse to exIend t tint- for payment or otherwise
<br />modify amortization of the sums secured by this Sekurity Instrument by reason of any demand made by the original Borrow er
<br />or Borrower's successors in interest Any forbearance by Lender In excrusing any right ,.r remedy ,lull not he a waocr of or
<br />preclude the exercise of an• right or remedy
<br />11. Successors and Assigns Bound; Joint and Several Liability: Co- signers. The city cnanr, and agreements of this
<br />w`
<br />Security Inst rumerlt shall bi rid .r nd t1!•nef It the ,tit censor, and assign tit I.endre•r and horn 1"er, stiblett it) the pro%is I( Ins ,)t
<br />paragraph 17. Borrower's covenants and agreements ,hall be )dint and se•ytral Ant Borrocccr "it,, co -suns this Security
<br />Instrument but dots not excel« the Note . a) is co- signing this Security Instrument only to mortgage. grant and conycy that
<br />Borrowers interest in the Pruperts under the irrins of this Seeunn instrument, b1 is not personally obligated to pay the
<br />sums secured by this Security Instrument, and it 1 agrees than Lender and any other Borrower friaN agree tnrxtcnd, Modify,
<br />forbear or make any arrurnmcrdations with regard to tire terms of this Svturny Instrument or the Note wrthour that
<br />Borrower's consent
<br />12. Loan Charges. If tilt- loan secured by this Security Instrument is subject I„ a law which sets maximum loan
<br />charges, and that law is tonally inierpreced so chat the• Interest onnhrr loan charge s eollectrd ur to he ee>llrited m ninnecnon
<br />with the loan exceed the permitted limits, then ; a) any such Ivan charge shall tyc «doted hr the amount necessary tit reduce
<br />the charge to the permitted limo, and i b 1 any sums already collected from Burrower which exceeded permitted limits will be
<br />refunded to Burrower Lender may chi lose Io make Ihis refund by reducing rho• prom tpaI owed under the Note or b% making a
<br />direct payment to Borrower If a retund reduces pr IncIPA, the reduttLon w ill to rreated is a partial prepayment wn ill ut any
<br />prepayment charge under the Note
<br />13. Legislation Affecting Lender's Rights. It enactment err rxpuranon of applicable laws has the effect tat rendering
<br />any provision of the Note or this Severity Instrument unrntorcrabic auurding to ns terms. Lender, at cis option. may require
<br />immediate payment in full of all sums secured by this Securip Instrument and mj% inroke any remedies permitted b%
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<br />paragraph 19. If Lender exercises this option, lender shall take the steps specified in Ihe• second paragraph of paragraph I'.
<br />14. Notices. Any nonce n, Burrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class snail unless applicable law requires use of another nirchc,d Tilt rn 41cr ,hall be directed to the Property
<br />Addressor any other address Burrower designates by nonce to ]&rider An nonce it) t ender shall be given by first class mail
<br />to Lenders address stated herein tit any other address lender designates by notice n, Borrower Any nonce pros iii for in
<br />this Security Instrument shall be deemed to have been green to Borrower or Lender when given .0 pray ided in this paragraph
<br />15. Governing Law; Severability. This Security instrument ,hall he go%crnr f by federal law end the law tit the
<br />jurisdiction in which the Property is located In thecvent that any provision or clau,c of 11111 tilt unty ln,Irurnent or the Note
<br />conflicts with applicable law, such conflict shall not affect other pray isionsot tilts Security Instrument or tilt Nock: which can
<br />be given effect without the conflicting provision. To this end the pn,ysion, of tilts Security instrument and the Note are
<br />declared to be severable
<br />16. Borrower's Copy. Burrower shall be given one conformed copy of the• Notc and of this Sc•cu,nty lnriun,cnt
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. It all or am p.,ri „t the Property Ili tiny
<br />Interest in it is sold or transferred fur if a beneficial interest In Borrower 1s soid,,r tran,fcrrrd and Burrower is not ., natural
<br />person) without Lender's prior written consent, Lender may, at its option. rcquirt ,mi udwtt payment in full o,` all sums
<br />secured by this Security Instrument. However, this option shall nor br exc•ru.ed by Lcndct it rxertisr is prohibited by tcdc•ral
<br />law as of the date of this Security Instrument.
<br />it Lender exercises this option, Lender shall give Borrower none• of aueler anon file none ,hall prod ide a prnod of
<br />not less than i0 days from the date the notice is delivered or marled within w hit it Bur r,n,cr must pay all ,unis secured by this
<br />Security instrument If Borrower fails Dn pay these sums prior to the expiration of till, p rjod. Ixtider may invoke any
<br />remedies permitted by this Security Instrument without further mute or detnand tin Bort —cr
<br />18. Borrower's Right to Reinstate. it Borrower nice•rs certain conditions, Born.wti shall h•ryc the• tight ro ((aye
<br />L
<br />enforcement of this Security Lnstrumcnt discontinued at any time prior it. tilt c .trhrr ,It h ,bay, .,r ,uth ..they period is
<br />applicable law nmy spet,11% for rrulswtenu•nI ;before sale..( rhr property pur,uain .1 .to, p c c1 •,t ,: it dont.onrd in Ihn sc
<br />corny Instrument. or .h, entry It a judgment enforcing this 4curity pn,ommiu ih—c ,.Ind.n,nt, ant 11).11 B,.l i,ni cr
<br />pays lender all sit ins w loth then .mild bt•,lue unart thl, Sctunty lnstrtnt,( tit ,slid the \,.tc ii.i.f n.. auricrall,m.a t un<d
<br />art, coy de L,uli .,7 .,ny sober uu,ycnant, nr agrecnrenu. ,c i p ay, Ai expcot, 111,101(d ni c1)r„r, nu 111 +, sr, t•r,iy It.,ti c. and
<br />tiicpwlrng, but nn hoinrd to tcas„nahir ,ntornry, tt•t,..tnd :d, t,ikc, ""I, .1,u•a) t, I cn,Ett loan rc a,.,tlahh roil .,i; :• .,.
<br />,err that the lrrn „1 ill,, hominy instnnueni, Ix"'Itr , 1u;h1, it the ,u,i .t . .
<br />savutc•,i ht tills tiecu,try In,oum;m ,hail t•avun,t undhaligvd l'p -+,a1 stn,v.,runciu h: ;. ..1. 1
<br />enei rhr "ki,c,ttu,th w,uttll ha-rtIn ,half ttmla,n loth rlte't— Al :l ti,, =cue Ice t - .....
<br />+ctn•,aarc shall nut ..pl -iy cn tilt c.+s. •)! ac.ck•rai,nn .:nuct pare}.ap,h.
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