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<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 lift, inspection.
<br />9. 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. an 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 />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 Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages. Borrower fails to respond to Lender within +0 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 vents secured by this Security Instrument, whether or not then clue.
<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 1 and '_ 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 it) any successor in
<br />interest of Borrower shall not operate to release the liability of the original 5orrow•er or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against ;ty successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured oy this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in inte -cst. Any forbearance by Lender lit exercising any right or remedy
<br />shall not he a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security instrument shall bind and benefit the successors and assigns of Lender anti Borrower, subject to I he 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 dotes not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interact 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 make any accommodations with regard to the terms of this Security instrument or the 'vote without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject to a law 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 loan exceed the permitted limits, then: (a) any such loan charge shall he reduced by file amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected front Borrower which excecdcsf
<br />permitted limits will he refunded to Borrower. Lender may chaise to make this refund lis reducing the principal owed
<br />under the :dote or by making a direct payment to Borrower. If a refund reduces principal, the reduction well he treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Leader's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceahle according to its terms, Lender, at its option.
<br />may require immediate payment in full of all sums secured by this Security Instrument and play i» y yokc an remedies
<br />permitted by paragraph 19. If Lender exercises this oplion, Lender shall take the steps specified m the second paragraph of
<br />Paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall he given by dchycring it or by
<br />mailing it by first class mail unless applicable law requires use of :mother method. The notice shall he directed to the
<br />Property Address or any other address Borrower designate% by notice to Lender. Any m4tice to Lender shall be. given by
<br />firso class mail to Lender's address stated herein or any other address Lender cicsignatcs by nonce to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have Ixen given to Borrower or Lender when given as ptovmded
<br />in Ihis paragraph.
<br />IS. Governing Law; Severability. This Secunly Instrument shall he governed by federal law and the law of the
<br />turisdietion lit which the Property is located. lit t)le event that any provision or clause of this Security Instruntem or the
<br />Note conflicts with applicable law• such conflict shall not affect other provisions of this Secura% Instrument or the Note
<br />which can be given e0cci without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />',Vote are declared lobe severable.
<br />16. Borrower's Copy. Borrower shall he given one conformed copy of the Note and of this Security Instrument,
<br />17. Transfer of the Property or a Iteneffcial Interest in Borrower. If all or any Ilia of the ProlIwrfy or .tin
<br />interest Ili it is sold or transfterr•d (or if a beneficial interest in Borrower ms sold or Iransferrcd and Borrower Is not it natural
<br />Mu n) w'ithnul Lender's prior written consent, Louder stay• at its option, require Immediate paynle•nt in full of all runts
<br />secured by this Secnrov Instrument, flowevcr, this option shall not he exercised by Lender If eterctsc is prohihiled by
<br />federal law as of the dale of this Security Instrument.
<br />If Lender exercises this option. Lender shall give Botrmw•cr nonce ofacceler 4-11, I he notice shall ptinide a Ixrio d
<br />of not Ito%than 30 days from the dale the notice isdehyered or loaded w'ilhml which Borto%er illim pay all sums secured by
<br />this Security Instrument. If Borrower fails it) pay these Burns prior to the expiration of Iles lie,iohi• Lender uu,% invoke ;,ply
<br />remccites 1wrmilled by this Securely Instrument without further notice or demand on 1)Irrnwet.
<br />18. Borrower's Right to Reinstate. If Borrower meets Certain condlfmons, lioll(mer shall have lhr light io have
<br />ereforve rite tit of this 5ecurrly Instrument discontinued al any time I,riiir to tha cattier of (ul days for such oihen pertuttf as
<br />applicable law may sp:•cify for relnsnatrmenl) hefin'e sale of the 11r11pcity pursuant lo any power ,91 sale confalnrtl in Iles
<br />sccurity Insitumelif: 1,r (h) entry of ai palginenl entorcntg films Secarlly lmtmunicnt 1 horse (onditl9,ns ;ter that Itrlrrowel
<br />(a) pays Lender .oil stuns which their would he due uncler this Svcurliy Inslrt1111011 ,9141 91e NOIC hell no accrlrlauom4
<br />rK:rttrmed; (h) (tires any default of any 9,fher tovcnanls or ,igloenunls: ti ) i *ays 1111 csl:nsas mctiriCd On CHIMIulb this
<br />curoty Insrrurncnm, Including, but 11111 litllted lo. rk'astrlltihic ;oflornrvs• l"'v" and Okla 1A.r, such J,th,T) as 1 rwdrr nuts
<br />raasarnahl'v rrgl9re n, .its 14- Ohal slit' IrCn of tills !ieiurity Instrnnirm. I rwdelr • llrtht, lit the I'O •h: )1, Auld iI0l10wri's
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