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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 efrect 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 />3, InsPectilea. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower ncHice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />p, CanianmRion. 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 he 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 he 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 ciaun for damages, Borrower fails to respond to Lender within ?D 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 />Unksc Lender Arid Bo—Tr;xherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the mmiliIy payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10 Borrower Not Relleaae� 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 or otherwise 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 />I1. Successors and Aseigss Bound, Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successor%and assigns of Lender and Borrower. subject to the provisions
<br />ofparagraph 17. Borrower's covenants and agreements shall bejoint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the `.Vote: (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: (b) Is not personally obligated to pay
<br />sums the secured 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's consent.
<br />12• law Cbarges, 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 he collected n)
<br />connection with the loan exceed the permitted limns, then. ill) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit: and (b) ant• sums already collected from Borrower which exceeded
<br />permitted limits will he refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. if a refund . _duces principal. the reduction will he treated a% a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. if enactment or cxp: ration of 4.pphcable laws has the effect of
<br />rendering any provision of the Note or this Security instrurent unenforceabic according u, its terms. Lender. at its option,
<br />may require immediate payment in full of all sums secured by this Securit% insu'unicnt and may invokc anv remedic•%
<br />permitted by paragraph 19 If Lender exercises Ilai% option, Lender shall rake the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices, Any notice to Borrower provided for in this Security iitstrun?ent shall be given bt. dehvenng it or
<br />mailing it by first class .nail unless applicable law requires use of another rnelhod The notice shall he directed to the
<br />Property Address or any other address Borrower designates h+ notice to I-cndcr Any notice to Lender shall toe gnen by
<br />first class mail to I- ender's address stated herein or any other address lender designates by nonce to Borrower .Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower tie Lender when given a, pn,vidcd
<br />in this paragraph.
<br />15. Governing lAw; Severability. This Security instrument shall he governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In the (vent that any provision or clause: of this Security instrument or the
<br />Note conflicts with applicable law, such conflict shall not affeci other provisions of this Security instrument tit the 'vote
<br />which can be given effect without the conflicting provision 'lo this end the provisions of tills Security Instrurew and the
<br />Note are declared to be severable.
<br />16. Borrower's ('opy. Born iwer shall be given tine conformed copy of the Note and of this Sccunty instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all „r any part of the 1'n,1writ, or any
<br />interest m a is cold or transferred (or if a beneficial interest in Borrower is sold tie transferred and Borrower a not a natural
<br />perst41) without Lender's prior written consent. Lender may, at its option, require• immcduitc p.rynrcnr ,n (mill <d all wnis
<br />wCured by this Security Inir,rumcnt However. this optton shall nisi he cxc,Ltwci h+ I Crider if cxcicisc IN prr,hibned by
<br />federal law as of thcdatc cif this Security Instrument
<br />If Lender exercises ihis option, Lender shall give Borrower nonce of acceleranun I he notice shall pit, +ldc a pert „d
<br />of not less than ?pdays fremi the date the notice is delivered or mailed within which horro%ei rnust pay all sums %ecureei h%
<br />This Security Instrument. If Borrower fads to pay these %urns prior to the exprtanon of this permtl. Lender may invokc aii%
<br />remedies permitted by this Sm:unty instrument without further notice• or demand nn !i„in,wer
<br />18. Borrower's Right to Reinstate, If Borrower meets certain condmoris, liorri,we•r shall have the right I„ )rave
<br />enforcement of this Sec•unty iltstrumcm discrmunued at any little prior t,, the cathcr of ta)' days (or such other pvrl,i f as
<br />applicahle Law may specify for reinstatement) faefore sale of the Prnpert% pursuant t'� any 1> ,vver of "ale conlanxxl rn tills
<br />SCCO ty Inslrurttent, or (b) entry of a judgment enforcing this Sccunty !n%trurneni 1 h„s(-,onditions arc thief It„I_Wc1
<br />tor) pays Lender all sum% which then would tae due under thy% Sccunt+ In%irumlinl and The lute had m, aucictalwil
<br />uccurterl. (tot cures arty :lefault of any other uovenvus .,r agreerncnts. (c) pa+s iil c•%pt•ri%Cs one urrvd, ui oral n, file iht%
<br />sm,uraty (nvtrurnenf, including, but nol 11rnue:d t,,, reau,nahie anon,cys lees. and id) lake•, ,u, h :! Toni ,i, i (-tide[, may
<br />rc°Aseriaabiy require to assure that the !tell of this Sccunty Inotutner,t. 1 vilde[, + Iwo, .n the Yt,gxn, ;,ne: Horr,,wer
<br />alt iii: >r to Pd) 11t +e sum% secured h% this Sr -tun;} Irntrum' -oil 'hall u,niiru un,Jrn,p,d t ,. n tienuut is
<br />fi+�rnw•rs thtr. 4a�unfylnsnurronitau ..!ltie"hii�aU,mssC,tot rlhr• reh. %riallrrmaui'i�i'+,frecu�ru. ! e „<, raTt=s,fri,i
<br />Y u.r ±e j 11a,wr,-< -r !fits nght In rrinom, shah nnr apply ui Uu• , ;r,,- 4 41 ('W7,01 rl
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