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$5- ;iM5216
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<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 ml accordance with Borrower's land Lender's written agreement or applicable law.
<br />V. lnapaetiwt. 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 />9, Condlitanlltial. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other talking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />lit 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.sa:ured 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 Burrower.
<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 witle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized tp 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 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 />modify afloat of amortization of the sums secured by this Security Instrument granted by lender to any successor in
<br />1RICFQI of Borrower shall not operate to release the liability of the onginal Borrower or Borrowers successors in Interest,
<br />Lender Shall not be required to commence proceedings against any successor In interest or refuse to extend (Inic for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand trade
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender tit exercising any right or remedy
<br />shall not be a waiver of or preclude the cAcrctim of arty right or remedy.
<br />11. Succesarure aid Asrigarf hound; Joint and Several Liability; Co•sig ters. The covenants and agreements of
<br />this SoLunty Instrument shall bind and benctit (lie successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be point and several. Any Borrower who co-signs this Security
<br />Instrument but does not execute the Nuie: ta) 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 lnslruinenl; 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 Sccunty Instrument or the Note without
<br />that Borrower's consent.
<br />12. lain Owrges. 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 />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />ne:cssary to reduce the charge to the permitted limit; and (b) ally sums alrcndv collected from Borrower which exceeded
<br />permitted limits will be refunded to Burrower lender may choose all make this refund by reducing the principal owed
<br />under (he Note or by making a direct paymew to Borrower. If a telund feduces principal. the reduction will be Created as a
<br />parral prepayment WIt IIUU) ally pfCpAyIFICIl1 charge under file Note.
<br />13. LegWattum ABecling Lender's Rights. If cnactuicni or explfa11on of applicable Paws has file ctlect of
<br />rendering any provision of the Note ur 1111) Sccunty Inslrulncmt unenfurceablc aLLordulg lit its terms, Lender, at Its uptaon,
<br />may rCqulre lllllnledalc pilylllclll 111 lull of all %urns se:uicd by fills SCL'U111Y Illslr UIIWIII :1114 MAY JUVOke idly rCIIlcdlcs
<br />permitted by paragraph 19. If Lander exercises this option, Lender %hail take the slcps sperltied 111 the second paragraph of
<br />paragraph 17
<br />111. Notices. Ally mice Ill Ilorruwel pruvidcd ful III tills Security lusirurncnl shall lx given by dellvcling M ur by
<br />marling it by hnf class mall unless, applicable law requires use Of another melhud. The 11411ILC shall be chICClCd m) file
<br />Property Address or any other address Borrower designates by nonce to Lender. Any notice to I.ender shall be given by
<br />lint class mad to Lender's address stated herald or any other address 1- cadcrdesignal CS by notice fO Borrower Ally 11011Le
<br />provided for lit flats Security Instrument shall be dcelned to have been glvCll to Bor'iower or L.eltder wheat given as provided
<br />to this paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the
<br />lurisdncuou nl which the Property Is Iticated In the evellt Ihaaf :Illy pl Ovision lit cla USe Oil this SCLuray lltsisunlem 111 file
<br />Note l,onflicts with applicable law, such :onflicl shall not alluct other prosisions of fills Security Instrurllclll or file Note
<br />which call be glvCll effect without lire collff sting provision. To this end IIIC provisions o1 Ilos Security hibirunicn1 And life
<br />Note are dCLlafCd to be witcrable.
<br />16. Borrower's Copy. Boriuwer shall tie given one Lonfurned copy tit the Note and of this Security l list runtenl.
<br />17. Transfer of the Property or it Benchclal Interest in Burrower. It all 41r any pall of the Property or any
<br />mneresl ui it is sold or lralUfCffCd our If A bVICliLlal iralereSI mI Burrower aS sold or transfeived and Borrower S not a natural
<br />person) without Lender's prior written consent, Lender may, At its 411)[1011, rcqutre unnledlalc payment Ul lull 01'411 SUMS
<br />secured by ilia% Set:urty Instrument However, this option shall not tie exercord by Lcuder if exercise Is plohihllel by
<br />ledcral law as of I he dale of Uns Saudi y lnstruincra
<br />11 Lender excrUsCl 1113% 0IM011, LCIIdri shall give Borrower notice of aL,:elelalwn I lie IloliLc shall provide a p isi Od
<br />ut imi tots ftiilll 30 days from lire (faiC the 1'toocc Is delivered Or Itlallcd W1111111 *11101 111111 IOWet Illllsl pay all sums sectored by
<br />Ifns Security Insoumenl If ldmlrower falls IU pay these sums pr1Ur lit file Cxplritnun .)I this period, LCllder Inlay nlvoile arty
<br />rcencdim perimiled by this Security Illsif UtllClll WI111UU1 IUF(IICI I1011t'C 41r tlClllalld till 1101141W0
<br />15. 111wrower's 1601 to Retn►tate. if BorrOWel 111CCIs CCI'talll C011d111ol1s, 11IIIlOWC1 Shall have the Ilgh( to IlA%C
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<br />L,applicable
<br />enlurcement of tills SeCUrly ►netruincOl discontinued at ally little Ill 11/1 Ill Ilie cal bel of tee) i day (t)f lUCll Other perltal as
<br />law rattly sp"lly our reinsldlcnlena) belote sale of the Properly punuaw fu any plower of laic comauleJ In fills
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<br />Security Insitomem. 41r lhl awry o) a;ULlgnlfnl 0110riAlIg III)% SCLUr1Iy In%i I tioncn1 I ?lose conthoom are that Jim iowet
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<br />Ia) pays Lcndcr all suim which IhCII would 1)e due under this wLuriiy limiumelil alid the Note had nn aLLvlel atnnt
<br />I ws
<br />a.?
<br />rrlcurrr,l ib1 iuies any I10atill of ally other .,IVCnann of arlCenle'n1Y, I, I pays Al fA(Nflhl's IntUSed 111 ('111111tlit$ Ihls
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<br />lwcu 1) liksitument, Ir, luding, bill nor 1111111ed In. Icasi111Ub1E' .IltnllleyY ICE"., .aid (1.11 Ialtth 111111 a0111111 Its I 1110 CI Inlay
<br />al:
<br />I ea'w.Uaatlly requite III assufv tbal Ilie ben 01 1111'. 'WLII(Ily IIIS1111111C111, I ciider's righis III (lie Ills lwil) allll oil ll llrw L'Is
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<br /><Ibb9,a111111 l„ pay tllr Illilts W111If11 II) 11114 St'1t1111y IIISIrllllll'111 ,Ilall ,11111Illllt' 1114, 11,111 F.1'11 I�1-11 IvillMalls kill b)
<br />leer /1c1W,•l. Iii l`. �)e,. 11111) {i1 �I(Illllflll .111111111: ,b 11 a; 11111111'. ',t'E 1111',1 bl'(fb) \11,111 fl'll l.tili 11.11) 111t'111„' .1,., cl1'I.II -, had
<br />If N„cl iii'. Ii,.II!1, .,.„1,I.,1, ,Ii.,) i,.,I �.1�1� .. �..i , ,. „.''. — �, 1 i. _ I1 , I
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