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g5..�t. 00204
<br />1� 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 />K. Inspection. Lender or its agent may make reasonable entries upon and inspections of t#ae 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 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 bender.
<br />Ire the event of a total taking of the Property, the proceeds shall he 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 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 c.r settle a claim for damages, Borrower tails to respond to Lender within 30 days after the date the notice is
<br />given. Lender is authorized t•1 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 ? 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 b. Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the ortatirral 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 mcldify amortization of the sums secured b- this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by I..ender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Cosigners. The covenants and agreements of
<br />this Security Instrument shall Mild and benefit the successors and assigns of Lender and Borrower, subject to the 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 does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest fit the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrutnetlt: and (c) agrees that Lender and any. other Borrower may agree to extend,
<br />ti
<br />modify. forbear or make any accommodaons with regard to the terms of this Security Instrument or the Note 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 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 refunded to Borrower Lender may choose ttr make this refund by reducing the principai owed
<br />under the Note or by making a direct payment to N)rrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment of c.xpiratiun of applicable laws has the effect of
<br />rendering any prow @lion of the Note or this Security Instrument unenforceable ;acrord1119 to its term,. Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Security instrument acrd may invoke any remedies
<br />permitted by paragraph N If I.erldcr exercises this option, Lander shall tame the s,Icps specified iii the second paragraph of
<br />paragraph 17.
<br />14. Notices. Airy nutiie t<i liorruacr provided stir m this Securlt4 In,trunicilt ,hall he green Ply deltycrnlg it or by
<br />mailing it by first class rn:t11 unless apph,. ahle law requires use cif another m ifrod. I he n<rttcc shall he directed to the
<br />Pru rty Address or arty oilier address Borrower designates by notice to Lender ,fns notice to I.ender shall he gfvcrl by
<br />first class mall to Lender's ,address st:ateti herein m any other ;.address Lender desi� nati�s by noticc to Borrower. Any notice
<br />provided for it, thi,, Sccurity Insirurrterit shall be deemed to ha%e heel) gncn to Borro "ccr rrr Lender when gfycn as pruvsdrd
<br />rn this paragraph
<br />15. Governing Laos. Severability. I his Security lnstrunl, nl shall ht, gw crned by federal lclw and thc: law of tile
<br />jurisdiction ire which the Property ?s ltacatf�d. Iii the event that :uay provision or clause of this hecurity lnstrunlent ur the
<br />N €.lte conflicts with applicable law, sia.:'h conthcr shall nut affect other provisions of ibis Scrcrtr�ity instrument or site Note
<br />which can given effect without the corl)jic•ting pros ision to this end sloe provisons of this Security instrument mnf .and the
<br />Note are declared to hew erahic
<br />ib. Borrower's f'npy. Borrova,er shoe!! he p !sere tine conformed ropy of tilt" Notr fine! of lilt', Security i11"n umcui
<br />17. 'Cransfer of the Property or a Beneficial Interest in Borrower. II ;ail "1 any Darr ol the l'ropeliN or :ins
<br />interest In It is gold m trarisfc ~aired for It a I- enetacial interest in Borrower is s ld t r iransterred ancf Borrower is not a natural
<br />perscrrr i without Lerlldrr's plle'r written , c risc °tit, I.ender ni.ty, rit its opti;rn. require irntnccJ@atc pnytnc'nt 0t9 Bill of <@II sums
<br />secul'ecl �y this `gecurlty lrrstlllrllcrit ! #owevc.r itais option shall nut hit, rycrriscd by l cutlet If exc rclsc° is lrrirhthltctf h�
<br />fdrrai law as c,f the date of this 5crurlty instrument
<br />If I.€ rider eycr'.1ws thls ill1lorl, I c rldci shall gibe It unmel notice of acre °Irratiirn 0 he nutlrc shall Irrovlcfe° a pellot�f
<br />f nf,il lz °ss shall i0drays from the; d.11o, th(• nonce isdeliverecl tit maile=d rvllhju valuch #torroccer must bray all sums srcln-ed by
<br />this eurrty Insfrutnem If fiorrtiv%< °t falls ter Iraq. @fle=e sillns flrior to the' e•4pltation of this pt.:rlild, 1 t titter play nictrh <� ally
<br />tt rxredee: % li rrrBirtv(,f by till% Sm.'urtty ltd njui lK' @it !6- Yehlint fill thcl 11�A;k C Of d(,lt ;H)ij till hilt i>> \R t'r
<br />IN. Borrower's Right too Reinstate, If lie trcrsv,r rare ^ls rCrtatn'.�ondltions• Its)irtibv; rhall h,asi the right to tl:aec
<br />"n fQDrcefro l.`itt trf tht'a € EtYnb' !list €tl P31t °2i tjl, ➢litiliilt if at;ill,i 11111", l,f i(rr It, lhi' c,o her of l,i dda "(�11 such,!qlls;l it.'i lint as
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