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004217:
<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 />8. 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 inspet'; ,)n.
<br />9. Cotdetaaation. The proceeds of any award or claim for damages, director 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 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 />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 be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment orotherwise 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 Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Botrrower'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; (h) is not personally obligated to pay
<br />the sums %inured 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'sconunt.
<br />12. Loan Charges. If the loan % ccured by this Security instrument is subject to a lain 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 ainount
<br />nece%%ary u, reduce the charge to the permitted limit: and (b) any sums already collected front Borrower which ezcceued
<br />permitted limits will he refunded In Borrower. Lender may choose tit 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 be created as a
<br />partial prepayment without any prepayment charge under the'Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable flow% has life effect of
<br />rendering any provision of the time or this Security Instrument unenforceable according to its terms. Lender, at its option,
<br />may require Immediate paytnent on full Of all sum, secured by this Securn% imtrunnen: and ilia% uuoke any rentedies
<br />permitted by paragraph ly. If lender exercises this option. Lender shall take the steps specified of the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Securit% instrument shitll be given h% dehnerntg it or be
<br />mailing It by first class mall unless applicable law requires use of another method 'I he notice ,hall be directed to the
<br />Property Address or any other address Borrower designates h% notice to Lender any mince to lender shall he given by
<br />first class mail to Lender's address stated herein or any (filter address Lender designate~ h%, notice to Horrower. Any notice
<br />provided form this Security Instrument shall he deemed to have been given la Borrower or Lender when gr.en as provided
<br />in this paragraph.
<br />13. Governing Law; 5everability. This Security instrument shall be go%cnted h% federal hm and ilic lau of the
<br />jurf"ctio t in which the Property Is located. In the event that any provi%uun or chose of 1111% SC IIx11% imit-Ur11Ci11 I =r the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Secunt% Instrument or the Note
<br />which can he given effect without the conflicting provision. I'o thi%end the pro%i%wns of this Security Instrument and the
<br />%ore are declared to be se%crablc.
<br />16. Borrower's Copy. H.,rrower shall be given tine conformed c,,V , the NI,iv and Ill llu, Secuisi% heir fncnt
<br />17. Transfer of the Property or a Beneficial Interest in Burrower. If all or aril part of the i'ropert% oI an%
<br />tniere%t (n it is sold or transferred (or if a bLueficial interest In Borrower i%sold or tran%ferred and Horrowcr is root ,I natural
<br />per%Un) wlthoui Lender's prior Molten consent, Lender may. at its (option, require in,nrdiate pa%merft lit full elf ,ill sortie
<br />secured by this Security In %trtntent llowevct, this option %hall not he c%cl :iwd h% I cooler it e%vil:i c IN pn,,hihncd h%
<br />federal law a% of the date of this Security limrurrent.
<br />If Lender exereiwi, this option. Lender shall give Bon'ower um Kc of accrleralwn 1 lie notice ,hall pro, ids .I perl,K1
<br />of not IcIs chain %0 days front the date the notice is deli sered or mailed wrthtn a III,: It $o ornouct nitist pdy all if t „c, it r,�d i,%
<br />this Security Instrument, If Borrower fails to pay these rums prior r„ the expiration of lhts prn<,d. 1 refer na} n,oke iw:
<br />temedte%permitted by Ihi%Security In%truncut without further nonce or demand en Borrower.
<br />18. Borrower's Right to Reinstate. If Borrower nice~ certain cofuifuuts. Harrower %hall lli%c the no!lit to ha%e
<br />Cnforcetnent of (hi %Securui, I11%ttlflnCIII 1.11WOtn limed if any I ie prior r•o Ilie cal her of tai I c da%s tot sit: I +It hr! i+rt v0 ,t,
<br />L applitahic law Ilia) %pet 1411 ft lrl \(al e`rlleitt) he:fore',isle I,f (tic lK'P I.% I, tit %naw I% po%%eI I If .lie t 0 111 11•I l 111
<br />Sarum) Instrument; or (hieotr} of apulgncnl enh,rctrig this'1t:atrt, lit%rrulnont Ihu u "'Il, own, al< Olaf li,ur•,url
<br />fai lwys i enter all sure, whack Then mould tot duo Linder the% Se,urit% Insumi err ind fit, \,x: lead Ill, ,I „cielan,m
<br />„atfrtCti, ibi cufes;;ng default of ant% r,ther co,enJnl, nn agrcctncetts 1:1 pass it; o ep+ :nor, III,tuted III cnh, :,utl: lino
<br />lLurf% Imirunfent, in.iudmg. till! not tinned tit. reaslniahly atwrnc% %' tcc% and idl t.tkc% ,u:h s,urm ,e, 1 cudcl Ina,
<br />re,4,ao14'lsi r,�yuire t., ar,%ure that the lien Id' this locum, in,iiiinienl. 1 ender', rlshts ill Isle 1't,,q,.In an,i K'I;,,,�; I
<br />'Migameln s:, 11,1} ttse ,uin% ,c ,. urIc J b% iifI St Y IIrIt% 11t,trUIIIPftf , I.tll ;,III iI ile , . ,. 1 n I: ; %s,f1 1, L 1 h,
<br />r II ln,tt,unrnt full Ow .n s,tn % %!':ulyd hvfrh„I „- colas I til!, : t1e.I II l �! n, 1,,, I.Ih
<br />:.4tr'It r,<.a shin rrgl:' I,I ( V 114,1 or,)I'lll n. II pl, •ho ...,. t , ,e �.,..r �.,,, I l .n n •.t;
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