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<br />g5.:•'
<br />002750
<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 />S. Inspection. Lender or its agent may make reasonable entries upon and inspections
<br />shall give Borrower notice at the time of or prior to an inspection specifying tion s reasonable cause for t fr t he e i the Property. Lender
<br />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 Securitv
<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 he reduced by
<br />t 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 1 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. The covenants and agreements of
<br />this Securitv 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 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 in the Property under the terms of tills 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 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 he reduced by the amount
<br />ttece`sary ro reduce the charge to the permitted limit: and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will he 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 the Note.
<br />13. Legtsletion Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect 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 l9 If !..ender exercises this option, (,ender shall take the steps specified fit the second paragraph of
<br />paragraph 17.
<br />14. %otiees. Any notice to Borrower provided for in this Security instrument shall he given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any either address Borrower designates by notice to Lender. Any notice to (..ender shall he given by
<br />first class mail to Lender's address stated herein or any other address i.ender designates by notice to Borrower. tiny nutlet
<br />in
<br />provided f6tr in tlaie Security instrument shall be deerned to have been given to Borrower or Lender rotten given as provided
<br />►n this paragraph,
<br />15, Governing l-aw; yeverability. This Security instrumcr►t shall he goeerned by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause' of this Security Instrument or the
<br />ti(ste conflicts with applicable law, such conflict shall. not affect other provisions of tilts Security Instrrurnent or the Note
<br />which earl be given cflect without the conflicting provsion. T•o this end the provisions of this Security instrument cite! the
<br />\tote are clar to to severable.
<br />i6. Borrower's Copy. Borrower shall he given one conformed copy of the Now and of this Security Instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. R all or and part of the Property or and
<br />Interest in it I% %+k! or transferred (or if'a heneficial interest it, Borrower Is scold or transferred and Norrowcr to riot it natural
<br />%inured without c,:urlly prior written ceutsent. Lender may, at Its option, require irtarncdtate paynte�nt in full of Al su►tts
<br />secured by this Security' lnstrutnrnt. Ilowev'er, this option shall not he cxel ised by I.endef if a xc °eclat Is prr+h►htlecl ftv
<br />federal taw as of tiee date: of this Security instrument.
<br />If° I.awstder (.xa:r( ►acs thtr option. I.cnder shall give l3orrowcr notice of acccleratiorl ► he norl4:(• sftalf pra,e i(ie ,t period
<br />r,f nol Icss than )da }s front the (tale the notice is dehecred roe• mailed within es hteh iorrwer m(ISt pay all surtts secured by
<br />IhIsScLurity Instrument. if Ina trr:Iwer fails to pay these suns prior io the expiration of t o ills 1*c•rtod, I ender rrlak ineokc,nly
<br />remedies prrrntfted by this Sectimy Inrtttl►nent without further notice or cfemanci on Borrower
<br />I#- ower's Right to Reinstate. If Borrower ince1% certain <t >ndittr »ts liollo
<br />enfe�c n1 of this c:urily Irtstrurtecnt (11%continucd at aroy tints f +rlt,I to the carper of (.a )w� dab. .11r�,�seucllt other tl +a�r�i +�ct us
<br />applicable law may specify tot reirtstatertt writ ► hefore sale of the i'ru , =:Ire +ursuant to , ,
<br />ci.irtty Irtstraa ►roent, or (tad s rite} t,f 4)tl(1g,tn(nt enfitrc1119 t11ts ti<_curit} leelstrurttc:11 111�ts(�r, + nditttf ,nst�iterithtaril)iorloeacts
<br />tad pays i ero r At %cellos attach them wotilcl he due under fill
<br />+ lecurrty Iu,trultleiet rood sh�� tiote ti;Id ns� u4:eelcr�auon
<br />Securrc tilt cures any default art <an4 rather covenants 4or age( °enterers: tc4 1 +a��s ,all a °`11se5 incieiretf In ( °rift >ICSng tills
<br />c rlty lristrurr +grit, treeltaalrng, but not 1e1111ted to, ledsunahia: airtulrt `s' fe'cs. :.Ind Oft 1 :ikcS �4e< :ft ,,, ter�ti ;t, 1 +rid +I utae
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<br />i assuiz 11141 floe hen "if 1111% Sretnrtly lsistrumew, l.anrtc °r's rt 1st, tit rllc• Vnilw1f.v and H,+rr„+tic•r's
<br />Ir,411441 rat I'd) ?he surtts srcur ) by this �+ecurity Irtstrurieettt < <h�tll c :4tr :rintte° unchanged 1'poll =,�ttl.lat4no,�i4t his
<br />Irsrswer, rP +s, `s�°c rsrrly Inslrl,lirt ;nrlef tfI t4, t a �
<br />t f I gtati4ms se�r_(irc�t.. f4erri,ti ,hall relti,,ttt 14111} .� rt<, s1+t- a� 1P 4u. 4t; fs;I,r
<br />.. tart ;(.f it =rxA t'Lt=d, efts% tirhI t_4 fe!IiNt AI �t It adfi Sit rt aII p } it) Iht' �.'.f'aa' gat ;it a. t'1 <'e :lEts ;ii �f "it1. i t�.4r.t <.'P;1t�ltb 1 " r�1 ( '
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