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<br />006279
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<br />If Lender requITed mOrlgagc tnsurance as a condllion of making the loan secured by this Security InSll'Ument.
<br />Borf0wer shall pay the premiums reqUIred to mamtaln the msurance in effect until such time as the requirement for the
<br />lIl'urance terminates in llCalrdance with Borrower's and Lender's Wrltten agreement or applicable law,
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property, Lender
<br />shall gl\'l~ Borrower nOllce at I he llme of or prior to an inspection specifying reasonable cause for the inspection.
<br />9, CondeDllUltioll. The proceeds of any award or claim for damages. direct or consequ...ntial. in connection with
<br />any condemnation or other tak':'lg of <lJlV part of the ProperlY, or for conveyance in lieu of condemnation, are hereby
<br />as.slgned and shall he p.\\ld ;0 Lender
<br />In the event of a \otallalor:g of th~ Properly', the proceeds shall t>e applied to the sums secured by this Security
<br />Instrumen!, whether or not then due. With any excess paid to Borrower In the event of a parlial taking of the Property,
<br />unless Borrower and Lender otherWISe agree m wnting, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds mulllphed by the followmg fraction: (a) lhe IOtal amount of the sums secured immediately
<br />before the lakmg, dl\ Ided r.\ ',b' [he falf markel value of the Properly Immediately before the taking, Any balance shall be
<br />paId to Borrower
<br />If lhe Property IS abandoned by Borrower, or If, after nollce by Lender 10 Borrower that the condemnor offers to
<br />make an award or settle a cla.m for damages, Borwwer fails to respond to Lender within 30 days after the date the notice is
<br />gl\en, Lender" authonud (" collect and apply the proceeds, at TlS option, eTlher to restoration or repair of the Property or
<br />10 lhe sums sC'.:ured bv IhlS Secuntv Inslrument. whether or not then due.
<br />t: nless Lende; and Borr(Jw~r otherwise agree m wntmg. any application of procced3 to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragTlllphs I and 2 or change the amount ofsuch payments,
<br />10. Borrower ~ot Released: Forbearmce By LeIIder Not II Waiver. Extension of the time for payment or
<br />modification of amorllLallOn of the sums secured by tillS Security Instrument grmted by Lender to any SUcres50T in
<br />mteresl of Borrower shall not operale 10 release [he habihl;, of the original Borrower or Borrower's suc.cessors in intere$l.
<br />Lender .hall not be requIred to commence proceedmgs agamst any succeswr m mterest or refuse to extend time for
<br />payment or olherwlse modify amortlzatlon of the sums secured by IhlS Security Instrument by reason of any demand made
<br />by the ongmal Borrower or Bortower's successors m mterest. Any forbearance by Lender in exercising any right or remedy
<br />---~f\all not be II walv'Cf ot or-preCluoe me rnrt1!ie'ill any ngnfOrftmroY ---'
<br />11. Successors ami AmllJl5 Boond; Joint ami SeYenll UabiIit)-; Co-signers. The covenants IUld asreements of
<br />thiS Secunty Instrument shall hmd and benefillhe succcswn. and assIgnS of Lender and Borrower, subject to the provisions
<br />01 paragraph 17 Borrower's covMlants and agreemenlS shall be Jom! and several. Any Borrower who co-signs this Security
<br />Instrument but does not execute the Note: ia) IS cO-Slgnmg thIS Secunty Instrument only to mortgage. grant and convey
<br />that Borrower's Interest In the Property under the terms of thiS Secunty Instrument; (b) is not personally obligated to pay
<br />the sums secured by thlS Secunty Instrument: and (eI agree!> that Lender and any other Borrower may agree to extend,
<br />modIfy. fortle<ir or make any a<::commodatlO!ls wllh regard to the terms of tIllS Security Instrument or the Note without
<br />that Borrowet"s comenl.
<br />lZ. Lou ~ if the loan secured hy thiS Secunly Instrument is subjeCt to illaw which sets maximum lolm
<br />charge!>. and that law IS finally 10terpreted so that the interest or other loon charges collected or 10 be coIlcc1ed in
<br />conne<:t1on ,,'ith the loon e~ceed the penmuro limits. then: (a) any such 1000n charge shall be reduced by the amoullt
<br />necess.ary' to reduce the charge 10 the permllled limit; and (h) any sums already collected from Borrower which exceeded
<br />pertnUled limns Will be refunded to Borrov.er Lender may choose to make this refund by reducing the principal owed
<br />under the Note or hy making 3 dmXI payment to Borrower, If a refund reduces principal, the reductlOO .;11 be tl'ClllCld lIS a
<br />parltal orepllymenl wtthout any prepay,",ent charge under the NOle.
<br />!3. ~ AftKliag Lemter's Ripts. If enactment or expmltlon of applICable laws hlII the etrm of
<br />rendermg any pro\l'olnn of the SOle or th.. Se.:unt)' Instrument unenforceable according 10 lis tenns. Lender, at its option.
<br />may requITe lmmediale payrnt"flt III full of all sums secured by Ihls Secumy Instrument ami may invoke any remedies
<br />pernlltted by paragraph I Ii If Lender exercises t hiS optIOn. Lender shall take the steps!,peci6ed in the second ~ of
<br />paragraph 17
<br />14. ....otices. ,bony notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />rruuling It by fir'!\\ class mall unless apphcable law requlfe5 use of another method, The notice ihall be directed to the
<br />Property Address or any other address Borrower de5lgnates by notice to under. Any notice to Lender slWl be liven by
<br />first class mail to Lender's address Mated herein or any other address Lender designates by notice to Borrow1:r, Any notice
<br />pro\'ided f01' 10 thiS Security Instrument shall be deemed to have been given to Borrower or Lender when given lIS provided
<br />in thIS paragraph
<br />15, Gtnemlna 1..3"'; S~verabilit)'. ThiS Secumy Instrument shall be governed by federal law lInd the law of the
<br />JunsdlCllon III whIch the Property IS located In the event that any pro\'ISlOn or clause of this Security Instrument or the
<br />~Ole conflicts "'Tlh apph(;able Ill\\" such conlliet shall not a!l"cct other provislOOs of this Sec:urity Ins.trument or the Note
<br />whICh call be gIVen effect wlthollt the confllctmg proVISIOn To thIS end the provisions "fthis Sec:urity Instrument and the
<br />Note llre declared to be severable.
<br />16. Borrower's Copy, Borrower shall be given one conformed copy oflhe Note and "I' this Security Instrument
<br />.7. Tnmsfer of the Pro;Je' -i or II ReMficial Interest in Borrower. If all or any part of the Property or any
<br />l!llerest In II IS sold or 1 rallsferred (or If a ~Ileliclallntereslln Borro,,'er IS sold or transferred aod Borrower is notallatural
<br />personl....Tlhout Lender's prior wntlen con!>ent, Lender may, atHs "pilon, reqUIre immediate payment in full of all sums
<br />!<C'<:ured by IhlS Secllflly InslI'umClTl, Ho...cv'er. thiS opllon shall no! he exercised by Lender if exercise is prohibited by
<br />federal Ill'" II!> of the date of tlm Secunty Instrument
<br />If I..ctMkr exercises thiS option. Lender shall give Borrower nnllce {If accelerlltion, The nOlICe wall provllk II penod
<br />of 1I0l1~ IhM 3() ways from the date the nOllce is delivered or mailed wilhin which Borrower must l*)llIlI sums secured by'
<br />Ih.. SecUrity Instrument. It Borro..'CT falls to pay these 'urns prior to the expm.tlon of this period. l.ender mllY in\'oke any
<br />reml!tliln permTllW by Ihls Se1:unty InsHument wlthoul further notIce or demand onl:lorrower
<br />UI. ~', Rleht to RclMUlte, If Borrower mee" certlllll ,'ondillnns, Borrower shall hllve Ihe nllhl to hllv'e
<br />alf'lf4;cw611 of 11m Se.;unly Instrumenl dl'OCullllnued alan\' urne prior 10 the earlier "f (1I) ~ dllYS 1M such HI her period ItS
<br />~.rpiKllhle !."" ma~' ~~ll\ for rell1st'llernent) hef"re sale of the Property l'\lr~\1llnl In an\' power "I' "lIle contained in ,hl~
<br />~un!\ In>\.ttumen'l: nf an emf v of " ;"dl\ment enforclt,~ thts SeC\lrlly Imtlllmenl Tho"e ",mdltions ;ire thaI !lorn'wer'
<br />I.'" ""y~ Lcooer .Ii ",m' "tile'll lhen would he dlle under thl" Securrty II1\!fument and Ihe ~o!(" had no acceleration
<br />,X>CIJnl".l: Ib, ,urC"o ~Il\ ,lefauit 01 ~"Y other covenants or .grecmenl~, III pavs all .'pell~'" Il1curred 1Il ,~nfmt'lll!l Ih"
<br />,,-",,:unl) I,,,, rum.,,)! , ItKludHll\, hut no! Imllted tll, rea,ona!>'" 'Hwrnen' fee<i: and ldj lake'> SUdl atel",n "' Lender may
<br />r~",,,,..hh '<'<I"'" '" ,""He Ihal Ihe hen of lhl' ScUIll!V' ''''Hum<:'tlL (<:'n<ler', nl(hl' ,;. the ProperlY alld Il\llrn,,'er<
<br />Illtf-h~~!~Hf'j \(; pili~ !he '~ual'- "'EUH~d hy ttW'l Sf'('unh' tn\trt1tne-fll "hall ,:nnl~iHH' uIH..:htln~etl l;pop rflH"itat("nH:"nl h~
<br />~~ffl\'ltt}er, fhh ~",~H'i1\ In<<.Hurnent iilnd the \)bhntthc-n... <"{"('UH'f.1 heH"'t'lv ...tli~H r~~1'l1aln hJll\.' eft'r-cH'I..e -Ul'" [f nil ;h'd"h-nu.1tHl had
<br />i)Ff<\) l',H",'t~~.I~'1 :!l!>" 1 !Wh'! In ft"H~<,1ilh? '\hiflll H'" al'ph 1\' ~hf" (\f,;~(i.'r"l:"fafH^l!, i,m.ln p.H,t~raph.., 11t11 ;'"
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