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-- 004648
<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 />reasonable entries upon and inspections of the Property. Lender
<br />i oat Wttiaa. Lender or its agent may make
<br />shall give Bo rower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />!. Condenipstion. 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 he applied ton 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 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 ofprocceds 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 />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 shalt not he required to commence proceedings against any, successor in interest or refuse to extend time for
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<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 Borrowers successors in interest. Any forbearance by Lender in exercising any right or remedy
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<br />shall not be a waiver ofor preclude the exercise ofany right or remedy.
<br />it. Successors and Assimm Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security instrument shall hind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
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<br />of paragraph 17. Borrowers covenants and agreements shall tic joint and several. Any Borrower who co-signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security iusinlrtleni only to mortgage. grant and convey
<br />that Borrower's interest ill the Property under the terms of this Security Instrument: (h) is not perx,nally obligated to pay
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<br />the sums secured by this Security Instrument. and (e) agrees that Lender and .ley other Burrower may agree to extend,
<br />modif), forbear or make any accommodations with regard u) the terms of this Security instrument or the Note without
<br />that Borrower's consent.
<br />12, Loan Chartres. If the loan secured by this Security Instrument Is sutllccI to a law which sets maximum loan
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<br />charges, and that law is finally interpreted so that the interc -st or other loan .}nargcs collected or to t+r collected in
<br />connection with the loan exceed the permitted limits, their (a) any such ioan charge .hall lie reduced by the amount
<br />limit: (b) sums already collected from iLorrowcr which exceeded
<br />necessary to reduce the charge to the permitted and any
<br />limits will be refunded to Borrower. Lender may choose In make this refund by reducing the principal Awed
<br />permitted
<br />under the Note or by making a direct payment to Borrower If a refund reduces pri ncipal. the reduction will he Ireated as a
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<br />partial prepayment without any prepayment charge under the Noic
<br />13. Legislation Affecting Lender's Rights. If enactment or vitpiration <if applicable laws has the effect of
<br />rendering any provision of the !vote or this Security Instrument unellf- c-I'le anordhlg Ill us Fenn., i ender, a1 it. option,
<br />may require immediate payment ul full of all stuns secured by this Sccunty Instrument and may invoke any rernedies
<br />permitted by paragraph 19. If Lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 0.
<br />IL. Ni®tiees. Ally nonce to Borrower provided for to this Secunty Instrurncut shall he given by delivering 11 or by
<br />mailing it by first class trail utticss applicable law requires use of another method. The nuucr shall he directed to the
<br />Property Adorers or any other .undress Borrower designates by notice to Lender. Any nolice to Lender shall he given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any nolice
<br />provided for in this Security instrument ,hail hr deemed to have been given Io Borrower or Lender when given as firm ided
<br />in this paragraph.
<br />15. Coveraing Law; Severability. This Securty Instrument shall Ile gmerned by federal law and the law All the
<br />jurisdiction in which the Property is located. In the event that any provisunl or clause of this Security instrument or the
<br />Note conflicts with applicable law. such conflict shall not affect other pro%mons of this Security Instrument or the Noll:
<br />which can be given effect without the conflicting provtslon. 1 n this end the provisirru of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. ewmwer'S Copy. Rorrovo'er shall tie gl%Ctl Vile i, nIllrmC1 copy or the Note and of this Secilritx Insirt11n1Ci11,
<br />17. Transfer of the Property or a Heneficial interest in Borrower. It all or any part of the Iaroloerly or any
<br />interest in it is sold or transferred (oar if heliclij�ial ituertnt ul Borrower is soid or transferred and Borrower is not a timurtl
<br />perw.anl without Lenders prior *miter, consent. lender may. al Its eipuon, require itunwi iate payment in full (,f' all suills
<br />secured by this Security- :.::a:rum nr iiowcser. Ihlo option shall non be vxelti,cd by Lender Il exerciw is p1 „luhiled he
<br />federal taw as of ilic date t f this Security Instrument.
<br />If L.ettdcr exercises this opthn, Lender shat) give Borrower Will- of acceleration. I he muticc shall provide a pct wow
<br />of tu,t less thart 30 days frdxrl the date the no(Ne 1s delivered or mailed within w hrch Born,wer must pay all sums se,:ulcd by
<br />thaSm -wily Imirumenl. If Borrower fails to pay these sums prior le tile explrall0f) of 1111% pcllot], I ender nlay nno►e any
<br />rcmcili�pt rntittsxi by th)s Security Instrument without further aotiec lit demand on Bilrrowcr
<br />is. borrower's RiW to Reinsbte. If Borrower meets certain ol,ndulons, Iliarrow'er sh:9l have the right to tcltC
<br />enforcement etfthis Sesurity Instrument discontinued at any tend: prior to the earlier of: (a) 5 days (tar such orlon period a,
<br />L applicable law may speol( liar lonstNlculent) twfole sale of the Pnafwfty pursuant to any power ut sale ,omI.lncd m 11111
<br />Security Imtrrmlcnt, nr 0)1 cnlry of a judgment cnforcutg Ills Stxurit) Insirunleni l hose „uldnuons its that N'ttnwer
<br />(a) pay% Leader all sumo which then would he due under this Sceurlly Instrurnc•nl and he Not had no i.,elerati,,n
<br />sx:.urrcd; ihi cures any drfault of ally other o ncnants of afzrecnlcnt (e I frayl ail cojwww, incurred in end rl:lnG: !111,
<br />3ri#i..rlry nnolrurnrm, imiuding, 17ut tiol 11n1ltod to. re'aoltrwille Atornd: '” ice,. and itll lak Ch,l3th a,lnml .1, 1., radii nl:ll
<br />liluwmat3() rlriturrr to io -sure that 111e lien ,1 Ihls Sectall! If1oIrUrllelll. I ctlilcl', 1 ":,flit, lit Itt.' llt "tk'll1 .Ind 11,ffo „%.I',
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