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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 gne Borrower notice at the time of or prior loan 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
<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 Properly.
<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 immediate!)
<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 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 />16. 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 liability of the original Borrower or Borrower's successors in interest
<br />Lender shall not be required to commence proceedings 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 made
<br />by the original Borrower or Borrower's successors lit interest. Any forbearance by Lender In exercising any right or remedy
<br />shall not be a waiver ofor preclude the exercise of any right or remedy.
<br />IL Successors and Assigns Bound; Joint and Several Liability; Cosigners. 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 bejoint and several. Any Borrower who co -signs this Securitx
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mort gage, grant and conxrx
<br />that Borrower's interest in the Properly 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 ilia) agree to extend.
<br />modify, forbear or make any accommodations with regard tit the terms of this Srcunty Instrument or the agree it 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 be reduced by the arnount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />Per-milled 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 reduces principal, the reduction will he treated as a
<br />partial prepayment without any prepayment charge under thL Note.
<br />13. Legislation Affecting Under's Rights. If enactment ()r expiation of applicable laws has the et3ect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender al its oplron.
<br />may require immediate payment in full of all sums secured by this Security Instrument and may uuoke any Ferric le,
<br />permitted by paragraph 19 If lender exercises this option, Lender shall take the steps specified in Ihr second parigraph d of
<br />paragraph t'
<br />14. \oboes. Any nonce to Borrower provided for in this Security Instrument shall he gisc•n by dell%ering it tit h,
<br />marling it by first class mail unless applicable law requires use of another method. The nuns shag be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any nonce It) Lender shall he green hs
<br />first class mall to Lender's address stated herein or any other address Lender designates by nonce I Borrower Any IwII,c
<br />provided for in this Secunty Instrument shall be deemed to have been given to Borrower or Lender when green as prontdc,;
<br />in this paragraph
<br />Governing Law; Severability. Thus Security Instrument shall be governed by federal law and the lass of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security lnslrument
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument a.r the
<br />which can be given effect without the conflicting provision. To this end [tie provisions of this Security Insiruni, n; .,•.,: • r
<br />Note arc declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this SCI null
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Pruperty
<br />Interest iii it is sold or transferred (or if a beneficial interest In Borrower is sold or transferred and Doi rower is not .,
<br />pers)n) without Lender's prior written consent, Lender may, at its ()piton, require uninediate payment In full ,,f aii
<br />secured by this Security Instrument. However, this option shall not be exercis
<br />federal law as of the date of this Security Instrument, ed by Lender If exercise Is
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration The notice shall pros Idc .,
<br />()fit"' less than 30 days from the date the notice is delivered or mailed within which Borrower rnust pay all sums sc�
<br />this Security Instrument. If Borrower fads to pay these sums prior to the explranon of this per ,)d. I ender may Ins
<br />remedies permitted by this Security Instrument without further notice or demand wit Horrowc•r
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions, ltorn,wei s}I,ill hasr the nrhl Io
<br />enforcement of this Security Instrument diw(,nunurd at any lone
<br />prior to the curlier of lal x day s roe such ()liege pen, ,I
<br />Sec a It h I law may specify fur resin tatenirnl I before sale of the Property pursuant lo any p,nail of s.Ile ronteulcd ui II :,
<br />Security {r, rtumrrit. or tb) entry of a judgment enforcing this Srcunty lnslrument I hose , u.furvr.:nc Thal H, rr „a, ;
<br />(3) Pays Lender all '.urns which then would tw due under Chu, Security lnslrument
<br />Se urred ,'l ,ores any default of any other i.lsc"ants or ,igrrrmcnts. (, I pays all
<br />yea rs Insuorneni mcludurg huh nil hoofed to reasonabg air"nys leis .Thal I,I, Iak„
<br />rca r ,PI. .)tiler, I assure that tile• turn of this Srcunty InvIrUlrlenl I cndcr •. IIt•FIti , ,,i
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