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<br />84......... 006815
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<br />If Lender requinxllJlOl'tB8lCinsurance as a condition ofmakins the Ioansecurcld,bytllis Security, Instrument,
<br />Borrower shall pay the premiums requited to maintain the insurance in ef'ect untihuch time as the requirement for the
<br />insuran.:e terminates in accordance with Borrower's and Lender's writtenqreement or applieable law.
<br />8. ~. Lender or its apIlt may make reasonable entries upon and inspections of tbc Property. Lender
<br />shall Jive Borrower notice at the time of or prior to an inspection specifying reasonable Cllll$C for the inspection,
<br />9. CaIl"_IItion. The proceeds of any award or claim for daJnaaes, direct or consequential, in connectionwitb
<br />any condemnation or ocher taking of any part of the Propeny. 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 be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower; In tbe event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise aaree in writing, the sums secunxl 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 secunxl immediately
<br />before tbe 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 Fropeny is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor otrers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 clays 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 Propeny 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 applieation of proceeds to princivalshall not extend or
<br />postpone the due datc of the monthly payments referred to in paragraphs I and 2 or change.the amount ofsuch payments.
<br />10. Ilerrower Not ReJeaed; Forbearuce By Lender Not a WaiTeI'. Extension of the time for payment or
<br />modific4tion of amortization of the sums secured by this Security Instrument granted by under to any successor in
<br />interest of Borrower shall not operate to release the liability of the ~ Borrower or Borrower's successors in interest.
<br />Lender shaD 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 />~tbe oricinal Borro1ve~Q!.Borrower's sl,l<lCCSSOrs 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 ri&hl orremedy. .m ---- __n .n.n.
<br />11. SMclI.an IIIIlI Aaalps Bond; Joint IIIIlI Seftral LlaItlIItr, Co-sipen. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the SIICCC5SOI'5 and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co.signs tbis Security
<br />Instrument but does not executc the Note: (a> is co.signing this Security Instrument only to mongage. grant and convey
<br />that Borrower's interest in the Property under the tcrms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify. forbear or make lIDY accommodations with regard to the terms of this Security l'lslrument or Ihe Note without
<br />that Borrower's consent.
<br />IZ, Lou CIutrpI. If the 1000n secured by this Security Instrument is subjeclto a law which sets maximum loan
<br />charges, aad that law is finally interpreted so that the interest or ocher loan charges collecled or to be collected in
<br />connection with the loan exceed the permitted limits. then: (a) any such loan charge shall be red~ by the amount
<br />necessary to nxluce the charge 10 lhe permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. under 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 reduces principal. the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. lIRillr"'. Athctiq 1..emIcr'. Rilhts. If enactment or expiration of applicable laws has the elf'ect of
<br />rcnda'ins any provillion of the Note or this Security Instrument unenforceable according to its terms. lender. at lis option,
<br />mey require immediate pIlymen' in full of all sums secunxl by this Security Instrument and may invoke an)' remedies
<br />permitted by paragraph 19. If tender exercises this option. Lender shall take the steps specified in lhe second paragraph of
<br />~17,
<br />M, N.-.. Any nOlice 10 Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />~ it by f1m clallli mati uNess applicable law requim use of lIDother mnOOd. The notice wll be directed to the
<br />~y ~ or My other addrm Borrower de3ignates by notice 10 Lender. Any notice to Lender shall be given by
<br />1m c:IaIlIi mati eo Lender's addrm stated herein or any ocher llddrCSII Lender de3ignlltel\ b)' notice to Borrower. Any notice
<br />~ b m Ibis Security I~t shall be deemed to have been given to Borrower or l.mder when given as provided
<br />mum.~.
<br />11. c.~.._ Law; s....._. This Security lnstrumenl shall be governed by federal law and the law of the
<br />~ in ~ the ~y m located. In the event that any provisioo or clauM: of thn Seeun!y Instrum.:nt or the
<br />~ ~ ~ ~ law, such conlliet shall not alf'ect other provillions l>f lht!! Seetlnl)' ht~rum.:nt or the Note
<br />~ _ !II! ._ "leet without the l.'OIIfticting provimon, To this end Ihe provisions of this Seeurity Instrument and the
<br />~arc_~ to MNVUable.
<br />Sf, ~II c.". Borrower shall be liven one conformed copy oflhe Note and ofthis Security lnstrumenl,
<br />17. TI'IIIIllfer" die ~ or. IIcIIIeficiRllntenllt In Bomtwer. If all or any pen of thc Prollerty or any
<br />intmm I:fl t\.~ ot' t~ed (ot' ifa bmdicial interest in Borrower is sold Of tnmsfl:lT!ld amlBorrower IS !lot 1IIIIIIural
<br />~) 'III'idiouc Lmd.-', prior 'III'rittm consent, Lemler ma)', lit its option, require imme;.lillle peymmt in filII of all sums
<br />~ Ilf um. s.:wity I~. Howner, this option shall not be exerCIsed by Lcmk1r If l:~erct.'IC IS prohibited by
<br />~ law_oIt...oftMs.:ooty Instrument,
<br />II Lender e~ Ihis optlOO. lAnder shalll.live Borrower notice of lICcelefatlOO. The notICe shaJl provide Il period
<br />clfnot mtltH 3Oday$ fnlm tbeda&crtbe ~ilIdeltveredortnailed withifl..'hich Borrower mtl~1 pel' all sums liCCllfOO by
<br />um. s.:urit, IMlnmlllm, If Borrower fllils to pay the3e sums prior to Ihe espiralion of thl~ period, I.eooer may mvokc an~'
<br />~ ~ ~!JIis ~ri.JllnMrummt without further notiee or demaml 011 Roltower.
<br />1.......<<'11 __ to ~. If fk;rro_r meets certain condition.. lIorrower shaJl hllve lit;: ri!ilhl .., have
<br />~t of thisSc-<<y hl~r_1 dilioonlinlltld lltllnylim.: prior to the ellrlier Ill': ,.) ~ days (or such 01 her perilld IS
<br />~.'III' tna)' lIi*-'4fy for rmn.tlll_1) I:leforc lIale of Ihe Property jlUl'1IlIlilnl hi llll)' pOw~!I' of slIle ,,>nlllm.,'t! in this
<br />~~ Inst~;Of (II) Clllry of lljud'l'lWflt mforlllllS thill s.:lInly Instfllnlen!. Those condllimu 111'1: Ihat Ilotfower:
<br />(II) ~1i Lemler d S~ whit:b thlm would !II! d_under lhis S<<'luily 11lll!rUmclll i\lld the Nole had l1tla~'i:dCfll!inll
<br />_I'm, (b) l:Ufllll ~lIY del'II\1it of IllY otlwt cove_IIi or alJ~nts; (cl pey. all e~llt1n"'" "Kllfled III enfl'm!llllhl~
<br />~~y IhU'l.It'MIlt, IIM:JOOlllliio but oot limitedtl', f_~ allonlO:)'s' f_; IIl1d Cd) tal;.,.,. sll,'h 31:1100 'u lender mllY
<br />~ "ll'l! 10 __llllhllllllelllm uf IhM ~ulllY fltlltl'lllMnl, Lender',_ !'III-hls III the I'fIll'crty and 1J,'rrowet',
<br />'~1I0fl II) l'lIy tll<J, ~ll_ _lIred by Ihill SoounlY In..rull'lflU ~h<lll ",ml1lnwt llll\:lutll!<,;j 1'1"'''' n~lI"lltlc"'cnl h,
<br />IJmW'III'lIll, I~ !I1Il;.:\lfllly I!'IMflll'MJllllmt IIIe ~1P11QIl~ _\lrm Iltf$Y shallrlml~1Il fully ~IfCl'me II' If nll a.:,'e!l'flllll'n hi\d
<br />')Gt'1lf11ld. U<l-\IHtUr. rhi$ rlflll \() ~Inlltllt<< shall mllapply III I !If: <;@''IlIllfllC,.l'I;;'Ii1IIHIl umkr llltll'!l.r"p'" 1,1 ,If 17
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