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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower l pay the Premium required to maintain the insurance in effect until such time as the requirement for the
<br />Insurance terntinaM im aceor"aice with Borrower's and bender's written agreement or applicable law.
<br />Ilk boa. Lender Or its agent may intake reasonable fannies upon and inspections of the Property. Lender
<br />SW P9 C®ais■uuttien. attimc of prior to an ' slnocifyinB reasonable cause for the inspects.
<br />any procUids of any award or claim for damages, direct or consequential, in connection with
<br />assigned condernsuit
<br />shall be or other r of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<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 therm due, with any excess paid to Harrower. In the event of a partial of tlu F
<br />unless Borrower and Lender Otherwise agree in writing, the sums secured by this Security Instrurtunt iii be rued by
<br />the amount of the proceeds multiplied by the following frActio n: (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 skald 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 clainn for damages, Borrower fails to respond to Lender within 10 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 Socurity 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 />It Bawer Not Reid; Forbearawe By Leader Not a Waiver. Extension of the time for payment or
<br />rnodtfiCatios 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 />Leander 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 s
<br />by Borrower ums secured by this Security instrument by reason of any demand made
<br />B(Nrow°tf'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. Srtocemars and Antios : Joist and Several I.iabitftY;
<br />this Security Instrument shall bind and benefit the successors and assigns of LLen nd Borrower, subtjectmto 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 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 />modBY, rotator or make any &Ccormmodat
<br />that Borrower's consent. ions with regard to the terms of this Security Instrument or the Note without
<br />12• Lon Cam, 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 />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 refuta ed 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 reducca principal, the reduction will be treated as a
<br />Partial Prepayment without any prepayment charge under the Note.
<br />13- Ugishition Acting Leader's Rights If enactment or expiratuan of applicable laws has the efect 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 bistrument and may invoke any remedies
<br />Permitted by paragraph 19. If Lender exercises this option. Lender shall take the steps spec it
<br />paragraph 17. ietd in the second paragraph of
<br />14. Notices, Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />it by first class mail unless applicable iaw requires use of another nnethod. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Leli ier. Any notice to [ender shat! be given by
<br />first class snail to Lender's address stated herein or any other address Lender designates tsy notice to Borrower. Any notice
<br />proved for in this Security instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraphs.
<br />IS. Governing Law, Severability. This Security Instrument shall be govenned by federal law and the law of the
<br />Jurisdiction in which the Property is located. In the event that any provision or clause e,t this Security Instrument or the
<br />Note COMAICts with applicable law, such conflict shall not at Other provisions of this Security instrument or the Nate
<br />winch can be given elect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />are declared to be sever,
<br />16. s Copy. Borrower shall be iven one conformed copy +spy of the Note and of this Security Instrument.
<br />In T � the Property � a Beaeficiah latertst is Berruwer. If all or any part ca!' the Property or any
<br />Interest it t tratnsferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />PCnO0) without wwred Lender's prior written consent. Lender may, at its option. require immediate paynurst in full of all sums
<br />by this Security Irtstrumeait. However, this option shall not be exercised by Lender if extreme is prohibited by
<br />as law ar ofthe date of this security Instrument.
<br />If Lender extremes this option, Lender shall give Borrower "Ice of ration. The notice shall provide a period
<br />OfftW less than 30 days from the date the notice is delivered or mailed within which Borrc ,rer must
<br />t y ins+ . If Borrower fails to pay these sums PNY all sums see ed by
<br />remedies price to the expiration M'thns period, Lender ",y. invoke any
<br />borre"W's Right to acint"IC, fed b this Security Instrument without further notice or de rid sin Borrower.
<br />If Borrower nets certain nticxis, 80frower shall have the right to have
<br />cAf0rVVMCM of this Security Instrument discontinued at any liar prior to the earlier of (a) S days (or such other period * Y Jf for rei ate nt) before of the Property m
<br />y pt,rs nt to any power c� sale contained in this
<br />SwurltY 1 nt; or (b) entry of a)udgment enforcing this Security Instrument The cc :tns are that all which Borrower
<br />be dux under this Security Instrurew and the NV xc no accelerat ton
<br />(h) cures any default 4 any other co ve is or a r rents; (c)
<br />ray tnstr t, Into . g I Ys aD! expense
<br />imurred in rriftwvii,g tt,ir3
<br />gb but visit limited tea, ream attOrney�s' fees: and (d) taffies such acltcm as I etkier r„av,
<br />r y mire t:, **&urc that itne Bern (4 the% Security Instrument, 1 cndcr'% rights it, the fore= ); an,cd l yric. >w€s's
<br />cv ice PAY the vu s secured by than Security Instrument shall ca ,tiriuc uiichangrd t.'g�.�, r�iraat�t�rixt,at too
<br />mrtT, tv writ dnres,cst a t malt
<br />t�,iac uir heresy �?,ala rcrra�tis "'ciil� 4 ��.'tti� .a� i# €sae a. � e°�aima s,
<br />aa1 ='sal 14. w tht', t'4t ",I ,.a:. .i9 €7.�d Y> t4 { OJCT •.��xy�34 att3
<br />g�g
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