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004608
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security instrument,
<br />Borrower
<br />shall pay the premiums required to maintain the insurance in effect until such time as ;he 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 ofor prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award (ire lairn for damages, direct or consequential, in connection with
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<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu
<br />assigned and shall be paid to Lender. o f condemnation, are hereby
<br />In the event of a total taking of the Property, the proceeds shall he 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
<br />shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the stints secured immediately
<br />before the taking, divided by (h) the fair market value of the Property immediately before the taking. Any balance he
<br />paid to Borrower. shall
<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 authorizoAto collect and apply the proceed%, at its option, either to restoration or repair of the Property or
<br />to thesums secured by this Security Instrument, whether or not then due.
<br />Unle%s Lender and Borrower otherwise agree in writing, any applicantInn of proceeds ill principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs i and ? or change the amount of such payments.
<br />10. Borrower Not Released; forbearance By Lender Not a Waiver. E.\lenston of the (fine 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
<br />of the original Borrower or Borrmer's successors in interest.
<br />Lender shall not he required to commence proceedings against any in interest
<br />successor or refuse to extend time for
<br />payment orotherwise (nodifi, amortization of the sums secured h% this Security It by reason demand
<br />ofany made
<br />by thcoriginal Borrower or Borrower's successors in interest. Any forbearance
<br />by Lender fit exercising any right or remedy
<br />shall not he a waiver ofor preclude the exercise of any right or remedy.
<br />i I. Successors and Assigns Bound; Joint and Several Liability, Co- signers. I tic co%cnants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to
<br />the provisions
<br />of paragraph 17. Borrower's coxenants and .agreements shall be ioint and several. Any Borrower who co -signs this Security
<br />Instrument hilt does not execute the Note, (a) is co- signing this Security instrument only to mortgage. grant and convey
<br />that Borrower's Interest fro the Property
<br />under the terms of this Security insiruntent• (h) is not personalh' obligated to pay
<br />the sums secured by this Security Instrument;
<br />and (c) agrees that Lender and any other Boirow'cr may agree to extend.
<br />maahfy, forbear or make any accommodations with regard to [be terms of tau, Srrunty In,tnnnent of tote Nulc
<br />that Borrower's consent. without
<br />12. Loan Charges. If the loan secured by this Security Instrument IN subject It a Law which sets maximum join
<br />charges. and that law- n finally Interpreted xo that file interc,
<br />I or other loan I erec% collected or to he collected tit
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<br />conno:[it'll with file loan exceed the permitted limits. then Id) any Such loan charge shall ill' rcdttcvtt fly the amount
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<br />ncc'cssary to reouce the charge lo tile perrnitled Until: and (h) any fill, :alreado collet fed from Borrower winch exceeded
<br />perntincd Unit% wtl; Pit refunded to Borrower. L.endcr
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<br />may choose to rnakc this refund by redoing the principal owed
<br />undo the Nloeor bl making a dire'c't payment to Bonower. if it rell,nd red ice, principal, the' fedll,:!14111 w1ll ale (rented
<br />'`�9
<br />:!%a
<br />rtral re ilfllerlt wlthoul :an
<br />ila p p� . y prepapnn ^nf change under the NoR•.
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<br />13, Legislation Affecting Lender's Rights. If enactment , +i expiration if :applicable laws Las tilt effect elf
<br />ndrrng any Pro%ision of the Note of flits Security Inslrtnnenl uaenforceahle
<br />according to its Terms. Lender, at its option,
<br />may require ImniceLau payment in ILIt of all %wit, sectired by this security fn,lrnnem and nlay invoke any remedies
<br />permttled by paragraph fU If Lender exercises this upuo,n. Lender shall fake the sfclls Npvcilied ill the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any nonce 11 Borrower provided for fit this Security Instrument sh:11i he Fave•n by dcfi%cring it or by
<br />rnaling it by first class mail unless applicable Law requires
<br />x
<br />use of anolher rncthnd. I he nonce shall IV directed ill the
<br />Property
<br />.Address or any other address borrower designates by notice To Lcndcl. Any Hoare lit L.end,r shall fx given by
<br />First class mail it, Lender•% addres%,tafed herein or any other address L ender dr,lga :tic% by nollce u, Bono %cr Arty notice
<br />prtnidcd for in this Security Instrument %)fall he dcerned It) )flee hec•n glyen f, Borrower or Lender when
<br />o gixcn as provided
<br />f thi%paragraph.
<br />IS. Governing Lan; Severabilit). 'Phis Securlly Instrument shall Ile g,) cCrn •d by federal law and the taw of the
<br />)Uri-diction in %Itch file Property is located. In the ce'e•ni that any
<br />pro%i,ion or cLurse of Ih{s Serurty Inslrunlent or the
<br />Note conflicts with applicable is w', such conflict ,hall not affecr „flier prf,e isio 1, „f tllt, tie, hilly' hi%trumett) tile• Note'
<br />Ili
<br />which can he given effect without the conflicting pronnsion. 1.1 tilt% end the provisions of fin, Security Instrument and ulna
<br />Note are declared to he %eecrable.
<br />16. Borrower's Copy. Borrower shall he glen one conformed copy of the Note and of till, Sccunf} in%uunleat
<br />17. Transfer of the Property eir a Beneficial Interest in
<br />Borrower. If all or any part of the 1'ropclfy or ;my
<br />m
<br />tntetc%t it is %old or traansfeercll for of a httlelicl,al interest ill liorros%er is,old or irnlsfel led and Borrower ,
<br />Is not natural
<br />Pcf%ml) w5(hout Lender's prior %miter constant. Lender ,nay. al its option. rcyuue• Imnird,ate p:aynlenl In fiaU of all ,inns
<br />secured h) this Security Instrument. However, fill,-
<br />option shall not tit• excr,lsed t)s Lender of exerclse is pmlubucd h%
<br />federal law a%of•thedatc of this security Instrument
<br />If Lender exercises Ill t% opt ion. Lender shall give Borrower route of acca•IcraIllin I he nutter shall prnv,de a IVrit tl
<br />')(not less than 3t) daw% front the (talc the is dell,
<br />oullce eyed or u(alled wllhlll w loch forrower filIN pay all aunts ,rented hit
<br />this Smuniy Instrument. If Liorro %er I'ads to pay these %un(s to the
<br />prior v%piratlon of fill, tx•r)od, Lender may Ifliokc any
<br />remedies Tnrnnited by lh( %Security In %trurrlent wilho it further notice (it jellituff oU Horrowrr
<br />III. Borrower's Right to Reinstate. If Ih,rrrwer meet% terrain cont.htlorts, Borrower ,hall h:a,r lilt ri)tlu to lutyr
<br />enforcrmcrit u!'the %Secufaf% In%Irunlrnl dt%cununuecl
<br />at tiny lime prl„r to the earlier tit tai s days Tor such 4111,1 ptsn,d as
<br />appharahle law "nay %I><enly for rcrostatenaeni) i/eli)tc• sale of (he Propvity
<br />pur%fant fu any power of sale conran,d nr tilt%
<br />5e4:uto instrument, nr (h) entry 14 a )udgmcnt cnGln.ulg flits security Inslnnu,nt I ho'W
<br />r tIlInII +n% arc Ihiu Bolrowrr.
<br />fa) pay% i. etidt•r all %Urll %'AIlkh thvti Aoold Ili' dll, It,i,Ivf flit, s,? I /rlty' III,If lllli,l)f ;111,1 1111, %;,(e haul 110
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<br />,%C:UrrcJ, flip'Urv, alt) d,•fall ;f of :tn4 '01cr one'rlalll% or ilgr,trn,!ln, . l,.') pja , all e'\pe'n,e', {tl, ti rn lad In ,Pilot, l,ig 1111,
<br />N." urlty In %trunlenl, itl(If dtJl p, 1a1f not Trolled
<br />to, rra,m sable tn,rn,ys' f,:,.:,. ;u/<l ,da tekr. snail n, u. al ,1, t cndrr arias
<br />teas, nti ty ft•yuire t„ assure Ilia Ili:• lien „f Iles sox:lrl(y In,lrvunrint. I inlet'+ riahls ni :h, 1') I ljl'is
<br />AlhKat). r I„ fat the 'wit, srcirtcd by flits stultify L•I,rrumcnt .hall .•,mums,, inrt:,tni.rll !';,,!n lo- nl,tahnn•n1 h1
<br />fli'f rP w'f, ). S'• \ L
<br />- •iritl r.ill),lif { „f (1e It,ltgafll,ll, .i', III Ca(I 11 -f 11 1,;511. T. Ii.l1I1
<br />• , xt oil ,,,1 II,.N , f, th , t Sf,,i• tt-lf 111,1{11,".1.111 Imf apply Ill Ilir, tia4r „j
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