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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 />L Ita'aetion. 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 the inspection.
<br />9. Condesisnatiols. 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 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 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 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 he 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 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 remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. Tire covenants and agreements of
<br />this Security Instrument shall hind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall he joint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: la) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest lit the Property under the terms of this Security Instrument; Ib) 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 Note without
<br />that Borrower's consent.
<br />12. Loaa Cberges. 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 %o 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 permuted limit; and (h) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make [fits 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 be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Lq;1slatioa Affecting Lender's Rights. If enactment or expiration of applicable laws has the cifect of
<br />rendering any provision of the Note or 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 Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any not It) Burrower provided for ul this Security instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requtres 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 notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice 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 />13. Goveraiag Law. Severability. This Security Instrument Shall be governed by federal law and the law of the
<br />jurisdiction it) which the Property is located. III the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security 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 he severable.
<br />16. Borrower's Cupy. harrower shall he given our confbrmcd copy of thr Note and of this Security Instrument.
<br />17. Trander of the Property or a Beneficial Interest in Borrower. I1' all or any part of the Property or any
<br />interest in it is sold of transferred (or tf a beneficial interest in Borrower is sold or transferred and Borrower i% not a natural
<br />person) without Lender's prior written consent. Tender may, at its option, require Immediate payment In full of all Burns
<br />secured by this Security Instrument llowever, flits option shall not he exercised by Lender if exercise is ptohibiled by
<br />federal law asofthe date oflhisSecurlty Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of accelerati, n. 'The notice shall provide a Ivii(id
<br />of rOA tessthan :Oday's from the date the notice is delivered or nailed within wlm:h Borto%cr ittim pay all suitis seemed b%
<br />this Security Instrument. if 1orrower fails to pay these %urns prior to the expiratton of this pctraxl, Lcnder may invoke any
<br />remedicsipeirmillod by this Security Instrument without further nonce or demand on Borrower.
<br />19. Borrower's Right to Reinstate. If Borrower meets certain condition, Borrower shall have the right to have
<br />rre eon sit this Sevuriiy Inslrtuncnt disconlinucil at any Aerie prio rrr to the earlier of (a) t day%(or such other period its
<br />apphc. tlible law may specify for renMAtenicnt) hefote saleof'thc Prolvrty pursuant to ant l4twer ill salt: contaiu;v) Ir flit,
<br />sevuttfy inafrutrreol; or (b) entry of a judginent eulirrcing flits Sccrrrlly In%iruntenl 'l'lfose cotrdnutn% are that ftortvwct
<br />Ia) lay% Lender all Burns %Ouch then would he ,.due under this Security Instrument and the Note had no uccrieialit'll
<br />I- sc:urrecl, IN 1:ure% any dotfaull of any other covenanl% or agrermeifls; lc) rays all r%prnsc% incrttrcd In enhvcing fill%
<br />uo4ry Ift!airumenl, nKludnig, hill not limited to, reasmable altonte%' %' fees', and ill) takes %rich action a% 1 Cndrt ntav
<br />repaalnahYy reyeurr fit as %fire that the lien (il this Secr.rrity Irmitirneul. Lunde['% tight,. In the I'+oly rN ,ind 111,11wrl'% s
<br />t?hInta1 /Sn4 to pay ilie 4urnM1 wt,ur'ed by this !4Wcurfly I!i %t Ptlttlettl %hall t�1millime. 11110unift"t I'p+al Irlll%taletllt•Ill I +%
<br />F rrre3w.ar, thi %ik .ferny Isr%rr6lflIVOI atnl theohligatIon % %Mittell here[+} %Ifal1 renratn tuliy clfru'uve aril lit, at,rleIMIMI hall
<br />-.e utfcd liar aeroer, i$tiv rlghr to rim %ratC shall not apply ell flan onllrl ;�ala,Ertt +h% I l ,,, I"
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