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84 =--� Q`0398
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security lush iment -
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such tiine.as the requirement _ €a ih,
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or appiicpbfe law:
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspectitinr.of the,Pmpertg -- Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonablecausefor, the inspecu ftm
<br />9. Condemnation. The proceeds of any award or claim for damages, direcf orcon juentiaf, in eotmcetiiiir uttlt
<br />any condemnation or other taking of any part of the Property, or for conveyance in Jinn of condemlpat on; are :jia�by x
<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 slims sett l by th* ttrtte
<br />Instrument, whether or not then due. with any excess paid to Borrower. In the event of a jiatYiai takhit-of-
<br />unless Borrower and Leader otherwise agree in writing, the stuns secured by this Sxuritylnstrument 3batt IK redil�:ed b '
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the,stints °secutrzi ititsriedinp ; ';
<br />before the taking, divided by (bf the fair market value of the Property immediately before the taker Any bafanceshatifie'
<br />paid to Borrower-
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condetanoroof%rs to.
<br />make an award or settle a claim for damages, Borrower fails to respond to Lenderwithin 30 days after the datethenotmew `
<br />given. Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repairof thePropertyor
<br />to the sums secured by this Security instrument, whether or not then due.
<br />Unless Lender and Borrower otherw-tse agree in writing, any application of proceeds to principal shall norextend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payment&..
<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 amortimion of the sums secured by this Security Instrument by. reason demand made - -
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising anyright 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 Liabfil" 'o- signers. The covenants and agreements of
<br />this Security Instrument shall hind and benent the sit:- - sons and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 11 . Borrower's ;covenants and agreements shall be joint and several. Any Borrower who co- sighs this Security
<br />Instrument but does not execute the Note: (a i is co-signing this Security Instrument only to mortgage, grant and convey.
<br />that Borrowcr's interest in the Propert; under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Snurity Instrument. and (ci agrees that lender and any other Borrower may agree to extend,. -
<br />modify, forbear or Make any :,u:ommc,dation% 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 inured by this Security Instrument is sut+iect 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 collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit, and (b) any sums already collected from Borrower which exceeded
<br />permitted limns will be refunded to iiorrowcr. Lender may d,,wr- TO niake this refund by reducing the principal owed
<br />under the 'vote or by making a direct payment to Hormucr. ifa refund reduces principal, the reduction will be treated as a
<br />partial prepaymcni without any ; rpaymtm charge under the Note
<br />13. Legislation Affecting Lender's Rights. If enactment or expiranon of applicable laws has the effect of
<br />rendering any f +rz %ision,,f the Note cr this Security instrument unenforceable according to its terms, Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Smurtty Instrument and may invoke any remedies
<br />by paragraph t4 11 Lender exercises this option, lender shall take the steps specified in the second paragraph of
<br />paragraph 1?
<br />14. Notices Any notice io Llormwer provided for fit this Security Instrument shall be given by delivering it or by
<br />marling it by first Mass mail winless applicable law requires use of another method. The notice shalt be directed to the
<br />Property Address ur any other address Borrower designates by notice to tender Any notice to Lender shall be given by
<br />first class mail to Lender's address stater herein Or any other address Lender designates by notice to Borrower- Any notice
<br />provided for in this Security Instrument shall he deemed to have been given to Borrower or Lender when given as provided
<br />to this lmragrAph-
<br />15. Governing Inw; Severability. I'his Security Instrument shall be gu, erncd by federal law and the law of the
<br />jurisdiction in which the Property a fixated. In the event that any provision of clause of this Security Instrument or the
<br />No=te couffet, w-fill applicable law. such i;onilict shall not affect other procutons of this Security Instrument or the Note
<br />which can be given effeci without The condictmg Pt 0, Te this elid the prov!c!o!u of this Security Instrument and the
<br />dote are deciarai to he wverablc.
<br />16, Horrower's Copy. Borrower ehahl he chin one r,infornied copy of the Noic ind of this Security Instrument,
<br />V. Transfer of the Property or a Beneficial Interest in Borrower. If ail ur airy part of the Property or any
<br />anterest in it is scald nr uan"tritii iof if bcneh lid interest in lorrower is sold or iraasferred and Borrower a not a natural
<br />Persorn without Lender's prix written couwrit, lender may, at its option. require immediate payment in full of all sums
<br />secured by this �ctunty instrument. However, this optioui 54311 nut he exetased by Lender it exercise is prohibited by
<br />fedcrai law as of the .fate of this Sir unty instrument.
<br />If' i..erdcr exercrxs this apiien, !_ender shah give Borrower notice al' ac:`elerauon- -the notice shall provide a period
<br />of not iers. than ?ii days front the date the notice =s dehvveted or ma!lcd wuiun which Borrower must pay ail sums wk ill ed by
<br />this. Seeu its instrument If Burrower fads lo pay file- sum, prior to the czpiratitm of this p,msj. 1 ender mu} invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower
<br />18, Borrower's Right to Reinstate. If Borrower meet, certain olidniom. Hortower shall have the right to have
<br />eniurccnreni =?f thl_s kcurity- Instrument otter ?ntmucd at any time prior to the carlfat Of (a) 5 clay% for such other linen as
<br />appa"hic law may spec7fy for resnsiaterncnt) before talc of the Property pursuant to arty p „vier of sale contalncm in this
<br />Security lmrruaunt. or (to entry of a judginof.t enfon:nig this se urlly instruniroi. Those condnicnis :us that lkarrower
<br />t"a; pays Lender all sums which Then would be clue under ihts Secant% Instrument And the Vote had tie a, :"Icranos
<br />Occurro, (hi cures any dcfault of any tither rrwrnants vier agreement, <c7 pays ail e.%twnses incurrtwi of oiforca!1 f this
<br />S.- curii) lnstzw -ot et. incloaing, f,ui not fulotcd It,. reasonable attnrncv s' t_-c%, and !,!) tales such a,cuon a, I -miler !iixv
<br />re �xnet =;y tc4utie to aysure than Inc two „i this ,yei;won lnvtrunieui, I eriucr s tights "n rite itnd lioirs,w.t
<br />+41i Atnatt t,� p-ay the !,nosy sc:.ured by tins s:curitt Instrui;iew *hail :.,,;uaawac uncl;angcd, t -Tina zemsfatnrn,8it t -v
<br />: €tS'Kiuii;) l 4iFri: €, +'Sri art 4i tdrfa '+ii Rtat',3 i. hstiY i }i t e, -3', r:t'.;,on Gt.F kit -tr %'` 640
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