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<br />84 -"" 003327
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<br />if Lender required mongage insurance as a c0ndition of making the loan secured by this Security Instrument,
<br />Borrower shaH pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />msurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />8. Inspection, Lender or its agent may make reasonable entrics upon and inspections of the Propeny, 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 Propeny, or for conveyance in lieu of condemnation, aTe hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a tOtal raking of the Propeny, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or nor then due, with any excess paid to Borrower. In the event of a pan.ial taking of the Properly,
<br />unless Borrower and Lender otherwise agree in writing, ,the sums secured by this Sec.urity Instrument shall be reduced by
<br />the amount of the proceeds mulriplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, di\'1ded by (b) the fair market value of the Propeny immedialely before the taking. Any balance shall be
<br />paid to Rorro\ller
<br />If the Propeny i, abandoned by Borrower, or tf, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or seltle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authonzed to collect and apply the proceeds, at its option, either to restorallon or repair of the Propeny or
<br />to the sums. secured lw this Secuntv Instrument. whether or not then due.
<br />Unless Lende; and Borrow~r otherwIse agree in writing, any application ofprocee<ls to principal shall not extendor
<br />postpone the due date of the mOnThlv payments referred to in paragraphs I and 2 or change the amount of such payments,
<br />10, Borrower :-;ot Released; Forbearance By Lender Not a Waiver, Extension of the time far payment or
<br />modification of amonization of the sums secured by this. Security Instrument granted by Lender to any successor,. in
<br />interest of Borrower shail nOt operate to release the liability '1fthe original Borrower or Borrower's successors in interest~
<br />Lender shall not be required 10 commence procc,,(jings against any successor in interest or refuse to extend time far
<br />payment or otherwise modify amorltzallon of the sums secured by this Security Instrument by reason of anydemand.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 wai...'er of or preclude the: exerCIse of any right or remedy"
<br />II, Successors and Assigns Bound; Joi:' ~d Several Uability; Co-signers, The covenanls and agreements of
<br />this Security lU5trument shall bind and benefit the .~. _~es.sors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph i 7. Borrower's- co....enants and agreements- shall be joint and severa!. Any BOrrower who c-o-signs this Security
<br />Instrument but does nm e~ecute the ~ote: fa) i;; cov!'igning Ihis Security Instrument only to mortgage, grant and convey
<br />rhar Borrower's Inleresr m lhe f'ro~nY um': ,he ,erms of this Security Instrument: (b) is not personally obligated to pay
<br />the sums secured by thIS Seeun!} instrument: and (C) agn:es thai Lender and any Other BQITowcr.nla,}'. agree to extend.
<br />modify, forbear or make any Oic-cornmodauons WIth regard to the terms of thIS Security- Instrument or the-Note without
<br />that Borrower's con~n~,
<br />\2, Loan Cbarge&, If lhe loan secured by rhis Secunty lnstrumenl is subject to a law which sets ma.>Umumlaan
<br />charg"', and rhar jaw i; finaHy lfIrerpreted", that lhe Interest or other loan charges collected or to be collecled.in
<br />connection with rhe loan exceed the ~rmilled hmllS, then: (a) any such loan charge shall be reduced by the amount
<br />nec-e3sary to reduc.e the charg.e to toe permitted liml'-: and (b) any sums a]ready collected from Borrower which.exceed<<l
<br />permitted limit~ win ~ refunded 10 Borrower. Lender may c.hoose to make this refund by. reducing th.e.p-nncipal.owed
<br />under the Note or by makmg a dIrect paymt:-rH to Borrower. If a refund reduces principal, the.reduction will be'treatecf8$'.a:-
<br />partial prepaymeTH without any prepaym~nt charge under the No-te,
<br />13. Legislation Affecting Lender's Rights, If enactment or e,'p"atinn of applicable laws has tbeelfecl of
<br />rendering any prO\'tsion of the No-k or [his Secunty Instrument unenforceable according to its terms, Lender,-at its.optipn..
<br />may require. Immediale payment m fuil of JoB sums secured by this Security Instrument and may invoKe"'artt,rcmedies
<br />permJ.tteJ by paragraph 19. If Lender e~ercises this option. Lender shalt take. the steps spec1fied iri theS(:CQnd para.~pb.of
<br />paragraph 17
<br />14, Notices. Any ao\lce to BOffower pnlVlded for Hi tillS Security Instrument ~hall be gi_en bytleliverinll ilarby
<br />mailing It by first cia", mail unless applicable law requires use of another method, The .nolice shall. be direc!~ taJhe
<br />Propeny Address or any ",her addr",-, Borrower deslgnales by notice 10 Lender, Any noti!:<, 10 Lender shalJbegivenby
<br />fif!n class mall \0 Lender's address stated herein i)r any other address Lender designates by notice to' Borrower. Any,'tJOuce.
<br />provided ior m this Seeuflty Instrument shall be deemed to have been given 10 Borrower or Lender when given as provided
<br />ll\ thIS paragraph.
<br />IS, Governing Law; Severabilitj', ThIS Seeunt}' Instrument shall be go-emed by iederallaw and the law of the,
<br />junsdlctlon in which the Pf()peny is located. In rhe evenr that any provision or clause of this Security Instrument or the
<br />Note confllCls with applicable law. such conflict s,hal1 not affect other provisions ofrhis Security ,Instrument or ~he Note,
<br />whjch can be gIven effect \vithoUl the confhcting pronsion. To Ihis end the provisiQnft of this Security Instrument andthe
<br />NOH: are declared to ix. severable.
<br />16. Borrower's COP)'~ Borrowd ~hall be given nue conformed copy of the Not.e and of this Security Instrument.
<br />17, Transfer of the f'ropcrt) or a Beneficial Interest in Borrower, If aU or any pan of the Propeny or any
<br />Inter~t in it l~ sold or lransfc:rrcd (or if a bcnetJetJl interest in Borrower IS sold or transferred and Borrower is no.t a natural
<br />person) withuut Lendcr'& priur \\:ritten t.::on~enL Lender may, at its opllon. require immt:.'diate paymellt In full of all sums.
<br />'-it~.:uIt:d b) this Se~unty Ins:rumenL However. this option shaH not be ~).ercl$ed by Lender if exercise is prohibit~ by
<br />fe-d~rai law as (lfthe Oa.k of this Sc-curil)' Instrument
<br />If Lender c..\ercise5 this option. 'l.,,-ender shall gi \.t Borrower notlc-~ of acce1erat ion_ The notice shuJl provide a period
<br />of noi less than 30 days from lhe, date the notice IS deli\'c.rcd or maIled within which BorrQwer must pay all sumf secured by
<br />thi!l. Securit)' In')trumcnt, If.Borrower faits to pay thest: sum~ prior to the expir-alion of tht$ pcr1\"xl. Lender may invoke an)'
<br />re-medic). pemliued by Ibis Security Instrument \\'lthou1 further notice or demand on Borrower.
<br />18. Borrowe-r~s Right to Reinstate. If Borrower meets certain ronditit'Hls, .Borrower ~han have the right to ha\!e
<br />c-flfon;ement of ihi~ Security lnslr-ument diS4:'.oIHinucd at any time pnor li) the car her of: (11) 5 days (or such other period. as
<br />applica_bie iaw may 'iopt::cify for re;nS-UHement) before. sale: of the Pruperty pursuant 10 ~ny TX,wcr of sale ('ontained in. this
<br />Security In~trument~ or (b) entry of a judgmern enforcing Ihls Security Instru:nclH, Thos~ 'c-On.ditWflS ~~n: that BorrQ\\'~er:
<br />(II) pays Lender all :>.u!Jh whil;:h then would be. due unde:r this: Securin' lnsuu,ment and the NOte had no ac~.e1eraljon
<br />(X.curred; (bj .cur~ any dtJauh of any mhcr ~o\"e:nant~ Of agn.,:emcm,;" (c} pay..; all e\penses- in-~;'ur:red HI eufordng thiJ'i-
<br />Scc-tJri~-y Jn~tturnenl. indiJdlng, but fl,.'l lirmted to, rC2sonablc aHorne:-ys' tee~, ilf10 (dl L1KCS :',~ll..'h lK!IOI1 ~'15 Lcmkr !1'W)-
<br />fC~'M}nabj~:'r~qulft to. [l.'S-Mlft that fhe- hen !)f thl\ Security In;..;trument, Lcr;tkr's righb Hi ~hl;-:- Propl~r1) and B(lffOVl-'<.''i<'"
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