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<br />84.-- 002805
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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower ,hall 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 />8, Inspection, 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, Condemnation, 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 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 ofa partial taking.oftheProperty,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall beredw:ed 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 senle 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 bv this Securitv Instrument, whether or not then due.
<br />Unless Lende~ and Borrow~r otherwise agree in writi~, any application of proceeds to principalshallnot exten~:j)r
<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 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 />11. Successors and Assigns Bound; Joint and Several Liability; eo-signers, The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors 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 this Security
<br />Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest 10 the Property under the terms of this Security Instrument; (b) is not personally ohligatedto pay
<br />the sums sccured by this Security Instrument; and (c) agrees Ihat 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, Loan Charges. 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 colleeted in
<br />connection with the loan exceed the permitled limits, then: (a) any such loan charge shall be reduced by theamQunt
<br />necessary to reduce the charge to the permitled limit; and (b) any sums already coilected from Borrower which exceeded
<br />permitled limits will be 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 reduces principal, the reduction will be treated,asa
<br />partial prepayment without any prepayment charge under the Note,
<br />13. Legislation Affecting Lender's Rights, If enaclment or expiration of applicable laws has the effeCt of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option,
<br />may require immediate payment in full of ail sums secured by this Security Instrument and may invoke' any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notiees, Any notice to Borrower provided for in this Security Instrument shail be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of anolher metbod, The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice 10 Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrumem shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph,
<br />IS. Governing Law; Severllbility. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In tbe event that any provision or clause of this Security Instrument or the
<br />Note conflicts witb applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision, To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16, Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of !be Property or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent. Lender may. at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However. this option shaH not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Securitv Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration, The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed wllhin which Borrower must pay all sums secured by
<br />thIS Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by Ihis Security Instrument without further notice or demand on Borrower.
<br />18, Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall ha"e the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power or sale contained in thiS
<br />Security Instrument; or (b) entry of a Judgment enforcing this Security lnslrum~nL Those condiuons are that Borrower:
<br />(a) pays Lender .11 sum; whIch then would be due under thIS Securitv Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreemt:nt~;'(c) pays all expen~c:-. incurred in enforcing this
<br />Security Instrument, mduding, but not limned to, reasonable attorneys' fees; and (d) takes such action a:-. Lender mll)
<br />reasonably require to a.\SUfe that the hen of thiS Security Instrument. Lender's nghb HI the Proper!) and Bnrnl\\cr's
<br />obligauon to pay the ~ums li.ccured hy thiS Securlly InSHumcnt :.hall contmue um:hang.ed. l-pon rt:in~Hllt.~ment D)
<br />Borrower. thi~ Se-c;unty Instrument <iud the obhgatlOn", :"ccurcd hereby ~hail re-maw full~ effCI.:!I\'C .1:-' If IlO a.:l.:t:b....rall\lll tnJ
<br />(\-.:curred. Ho\\c\ cr, thiS rlg.ht to !eln~tate shallllot apply In till:: ...:a:.t' t1f a...:cdCf<.Hhlfl under 1'"I,q.;raph" ! ; i'f \-
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