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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 />a. Inspection. 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 />in wit
<br />9. ' n. The proceeds of any award or claim for damages, direct or consequential. connection
<br />anv condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnatxm. art 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 evert of a partial taking of the Property.
<br />Borrower and Lender otherwise agree in writing, the sums secured by this Secunty Instrument shall be reduced by
<br />unless
<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 ille taking. Any halarice shall he
<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 />an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the dale the notice is
<br />make
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Proper; or
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />of 10 principal shall not extend or
<br />1'nless Lender and Borrower otherwise agree in writing, Any application proceeds
<br />I or change the amount of such payment,,.
<br />postpone the due date of the monthly payments referred to in paragraphs and'_'
<br />10. 9orrower Not Released: Forbearance By Lender '.Sot a V4'iiiver. Extension of the rime for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor to
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />in or refuse to extend time for
<br />Lender shall not be required to commence proceedings against any successor interest
<br />Sccunty Instrument by mason of any demand made
<br />payment or otherwise modify amortization of the sums secured by this
<br />s successors in interest. Any forbearance by Lender in exercising any right nr remedy
<br />by the original Borrower or$orrower
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />Assigns Bound; Joint and Several Liability. Co- signers. The covenants an-, agreements of
<br />11. Successors and
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, Subic -t to the - rcnisiors
<br />ofparagraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower wf)(1,:0-signs this Security
<br />Instrument but does not execute the Note: ia) is co- signing this Secunty Instrument ori} to mortgage. grant and convey
<br />that Borrower's interest in the Property under the terms of this Secure instrument: 1 b) is not personally obligated io pay
<br />sums secured by this Security Instrument: and (c) agrees that Lender and anti other Borrower may agree to extend.
<br />the
<br />modify. forbear or make any accommodations with regard to the terms of this Security Instrument or the Note wnhoui
<br />that Borrower's consent.
<br />12, Loan Charges. If the loan secured try this Security Instrument is subject to a law which sets maximum I,'ar.
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected he collected IT,
<br />with the loan exceed the permitted limits. then: (a) any such loan charge shall he rcdacrd by the am<,Ln:
<br />connection
<br />necessary to reduce the charge to the permitted Iimit: and (b) arty sums already collected from Borrower whl h exceeded
<br />permitted limits will he refunded to Borrower. Lender may choose in make this refund by reducing The pilneinai ow cl
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal. ;he reduction will he treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />Upiditiou Affecting Under's Rights. If enactment or expiranon of apphcatle laws has the effect of
<br />13.
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender. at its option,
<br />Instrument may invoke ar.y remedies
<br />may require immediate payment to full of all sums secured by this Securny and
<br />Lender take the steps specified tit the second paragraph of
<br />permitted by paragraph IQ. If Lender exercises this option. shall
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be giien by dclivering IT or by
<br />mailing it by fiat class rttail unless applicable low requires use of another method. The notice shall he directed to the
<br />Property Address or any other address borrower designates by notice to I..ender. Any notice to lender shall be Int'ell by
<br />first mail to Lender's address stated herein or any other address Lendrr designates by notice to Borrower. Any nc ll, e
<br />class
<br />provided for in this Security Instrument shall he deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing I,,ew; Severability. This Seeurny Instrument snail he governed bt federal law arc he law of the
<br />jurisdiction in which the Propert. is iocated in the event that any pnovisrm or clause of this Security ]rest L.lnesu c r the
<br />of this Security Insirumet o or the'm'e!
<br />Note conflicts with applicable law', such conflict shall not affect other provisions
<br />he effect without the conflicting provision. To this end the provisions of this Security Instruniew and The
<br />which cart given
<br />Note are declared to he severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Seco"li Inslrutnrnl
<br />17. Transfer of the Property or a Bcnetieiai Interest in Berrower. V all or arty part of the Properly of ar:y
<br />[ran4fCrred And 13ort Irv. Cl s not a slat oral
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or
<br />person) without Lender's prior wetter) wnsent. Lender rtuay. at W, option. requlrc nntnediale payment m gull +f all sun ".
<br />s- .cured by this Security Instrument. However. this optiou shall not ix excictscd by I..cndrr If exrrcisc is p „inhlte ^Ll by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises ibis option, Lender shall give .Borrowcr nnuL:e of accelerauun 'I he nob ice shall pit '. 1dc a pen« d
<br />of tler, letss than +0 daysfrcim the date the notice is delivered or malled within which lion •+wet mus+ phi all s nls sc utcd )'y
<br />thus Security Instrument. if Borrower fails to pay the e Burns prior t„ the cxpirauoa of on, period. I .rndct nl .� 14c ar;,
<br />remedwspermitteldbv tins liecurlty In%irumeni without further 11011 'e of deinand on HoT T ower
<br />1s wer;%Right to Reinstate. If Borrowet meets certant coudmotis. BorroHet shall hair iht rIVht 10 hat;
<br />enforcement crf thrs Sectiriay Instrument discontinued at any tittle prior to il+e c anccr of (a t { d-1 -1 ILO, then pt ri d a1
<br />appltc:.ahle law n7ay 4peclfy for rCITIsialetnerit) NO -L saiv elf lht 1'n+p•7'li f +lir`•ui it 10 WIN p web A `,ale' colli'All ill I11 1111'
<br />111 '.,ndt l 111 a1'i li 4
<br />�J6':'6bTn5 InlIlIU C -111 rot )h) vlltrb (if a judg neill eil "litg. 11111'I iLM If 111117 tillll nil at
<br />V,lc Clad n.
<br />la) pay! [&t1dCt all 441114 whKh ificti would tic dl, umtei thl Sciut it 111!.1 L fll,i 7ol, ,f]t
<br />sms��',:ur,rtrd'. (b) stubs ant &f JUlt ;lf any nhet ttoiCuant' 1. +i Ayr et°mcui iii pay all relcr.scs ill, u t d m rid "l, Isle. !hr.
<br />lw. urllL inatfiPrneti t, iri'luding, but 111. +7 limbed lo, IrdI ,oat It atilIt1II11 h%" end 1Lll luke, ,Sell cnd,.7 !1;.l,
<br />the bell 'It 11111 `CULMle ItNturnct1 ltneitr M h_ 1 (gill .a1+ H 1.� vt;
<br />1
<br />cawrlat?4} esgutte awlurr that
<br />i'+Ct tl
<br />L,)+Ilg ri t. ➢t': t foaiV '.h. - u!rtl4 'Q{. urelt )''h 11114 63X1 _, 1(1 1 Urit, ^Yii nAl _ `t 11 -
<br />B,„ .va -1 °gh1,4•iiin k irr,ir;isl,ll'so +clhi 10,1 11,111 ,.ru_Ici +11t,t, .,, .1.1,1.n +,,?', 1Ft.,rr.;. •.,
<br />if'1n1,161! 411 u1 -1 `ri Yl .3t ill♦ tl 13'.2' 1 .'I
<br />
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