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<br />00455~
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<br />If Lender required mortgage insuranc.e as a condition of making the loan secured by.this Security instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminate~ in accordance with Borrower's and Lender's written agreement or applicable law.
<br />S, Inspeclion, 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 shaH be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to Ihe sums secured by this Security
<br />Instrument, whether or not then due, with anv excess paid to Borrower, In the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shan be reduced by
<br />the amount of the proceeds multiplied by the fonowing fraction: (a) the tolal 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 settle a claim for damages" Borrower fails to respon"d 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 restoration or repair oflhe Property or
<br />to the sums secured by this Security Instrument, \vhether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shan not extend or
<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 originai r ~rower or Borrower's successors in interest.
<br />Lender shall not be required [0 commence proceedip'!?~j against aI''' .n.lccr If in inter~st or refuse to extend time for
<br />payme~H or otherw~se modjfy ~mortization ofrI-.e sums sc:;ured by tt ecunty 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 />II. Successors and Assigns Bound; Joint and Several Liability; Co-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 NOle: (a) is co-signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's lntereSlIl1 the Property under the terms 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 muY agree to extend.
<br />modify. forbear or make any accommodations with regard te the terms of this Security Instrument or the Note without
<br />that Borrower's (':onsent.
<br />12, Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charge-~. and that iaw is finally lIlterpreted so that the interest or other loan charges collected or to be collected in
<br />connection \\ iIh the loan exceed the permllted limits. then: (a) any such loan charge shaH be reduced by the amount
<br />necessary to reduce the charge 10 the pernlltted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits WIll be refunded to Borrower. Lender may c:hoose to make this refund by reducing the principal owed
<br />under the Note (lr 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 Ihe Note.
<br />t3. Legislation Affecting Lender's Rights, If enactment or expiration of applicable laws has the effect of
<br />rendenng. any pro\ i~ion of the Note or this Security Instrument unenforceable ac~ording to its terms. Lender. at its option,
<br />may requIre Immediate payment III full of all sums secured by this Secunty Instrument and may invoke any remedies
<br />permitted by paragraph 14, If Lemkr exercises tlm. option, Lender shall take (he steps specified in the second paragraph of
<br />paragraph 17.
<br />14, ~otices. Any IwHL'e l4.) BnrrO\I\:er pn,wiJcd for III this SeellI'lry Instrument shall be given by delivering il or by
<br />mailing 11 hy first da~s mail unless applicable law require~ use of another method. The notice shall be directed lO the
<br />Property Addrt:'ss cr any \,Hher address Borrower designates by nOllce to Lender. Any notice to Lender shall be given by
<br />Hrst c1a~s mail h.l Lender'.... aJJre:-.~ stated herem or any other address Lender designates by noti('c to Borrower. Any nOlt.:c
<br />pro\ i...kd kn in this S~nlnty InMrument shal! be deemed to have been given to Born'\\'cr or Lender \I,.'hen gi\"~ll as provided
<br />in this paragraph.
<br />15. Governing Law; Severabilit)'. Thi~ SecurllY Im.trulilcllt shall be governed by icdl:rai iit\\, aud tli\.' l.t\\ of the
<br />.IUn~dl\,..ti!,.\ll 1Il whidl th~ Pror~rty is located. In the ('vcnt that any proVIsion or clause of this Security Instrument or the
<br />~ote f,.'ontllcls with applicable law. ~uch conflIct shall not arrecl lIther rn)\,l~ion~ nf this Security lllstrum~m {lr the r\otc
<br />which ~all be gl\en effect wlthour the cnnflictJng pnwi::-.ioll. To [hi~ end thL' pro\"ision~ l)f this St'curit,'. InslfUJ1lt'nt and Ihe
<br />~ote an: declared to be sc\crable.
<br />16. llorrowcr's ('op:y. Borro\\t.'f ::-.hall be gl\cn l1nc ".'onform~:J l..'\lpy l.lr rhe :'\OIt.' and llr this Security Inst rumcnt.
<br />17. Tran5r.fcr uf the ProDcrt\. or a Beneficial Interest in Borruwer. If all tH am nart Ilf the PI\mt~rt\ or am
<br />mterest in it is sold or tr,msferred (nr'lf a bL'lh...tklallntcrc~1 III BurnJ\\a I... ~()Id \H. tr'-lllsfcrrel.f a'nd Borrm\ e1" lS ;Hl( ; l1atur..~.1
<br />rt:r~tJn) WIthout L~nJer\. pnl.)r \\rltlen cl.mscIH. Lender may. at lis Optl0I1, re-quIrt' 11l11ll1.'Jlatl: pay 111\.:nt III full p( all 'ium...
<br />...~curt;d by tins Secunty hhtrumenL HOWCH:'L thi\ Opllllll shall not bl..' t..'x.:n:lsl:d hy Lender If t>\crl.'l!-.~ is prohlbucd by
<br />federal law as of the dalt.'I.)f thiS Security 111strumclII.
<br />If Lenda cxcrci...e:-. thiS opIlon, Lender shall gi\'e Borruwcf 11011(,:(' I.Jfacl.:dcratIOIL The notH,:e ~hall pro\'idc a pelloo
<br />of not leSs. than 30 days from the dale the llotiL:t' is ddi\'crcu or m<.ull2'u ,\ !thin wllldl13orrU\\t'r lllll~t pay all ~Ullb St'L:UrL'U b~
<br />thl~ SCI.2Uflt) In...trumclll. If BlXfower falls III pay thl.:'::'t.' SUtl1~ prinr t(l thl.' ~\pir~lIhHll)f thl", pt.'fhl<.i. Lender ma~ lll\ok.t' .HI)
<br />remedies ncrmHh:d 0\ 11m. SCI..'Unl\ 11l'lrUmL'nt Wlthtllll further 1\,l!kc (>1' dl'lll<111d d[1 Bdrrd,I,.I.'I
<br />18', Borro\licr"s Right to R~instah:. 1 f BOrI"l)\\"l:T meet'-. (i.'fHiI!l '-.IIIl(jlHl~IlS. 11\llTlI\\ t.'1 ...hall lid\"\" 1 hI..' I h!.ht 11.' h;\\ (
<br />l2'nror~t.'nlt:n1 \>1" rhi.. S-=I.:ufltj In'ltnHIlL'nl uI'l~1.;nlltlued at all~ !HIlt' plh1r II' [he 1.\11111.'1 1.11' {~l)::; d:IY'" (\1\ "lh.:h ,tlh~'l pnwd:l'"
<br />~:ppllC..\hh.' l~l\\ nu~ 'lpt;\"lfj fllr rl.'lIl'lt.lll'llll;llt t hl.'fufl.' ...;tk (If llll. P10pl.'r1) pUI...U.llll 1,. :ill). 1'0\\1.'1 pj. "';ik' ..-,lllt,lliled 11\ thl'"
<br />SI.......Uflt) In...tHIUlI.'rlt, \'1 (hI t:lllr} ,If;\ Jlldgmnn I.'llf\)h.lIl~ lhl~ St'l."llrU) 11l..IIllllll.'li( IIH)"(. I..pndlll\'lh ,Ill. lku Ill'l fll\\t'l
<br />\,l) pa)... ll.:'udcl .111 "'UI11" \\Illdl thCll \\nuld bt. dw,: Ulldl.'! thl'" St.'I..unly 11l:'.!IUllll.'!l\ ;1.111.1 Ill... '\I.lIe kid Il,' ,11.-1.-(']t'I.llll'l\
<br />\)CI.'uffl.'(L lb) l.'Ute... .111) default tit ;lll~ dlu.:'l ..'(l\~'lIallh ,q ,Ipl..'t:rnl.'ilh. td p,l~" .d: 1."I'l.I\.."., 11hlll 11..;.1 ill \'ll{\l!..'lll~ th!"
<br />Sl.'l'llnl~ In"lrUllll.'llt, Ill..ludlllg, hut 11\'1 !lIlllted 1\1, lCl,pn;lhk dtl,'rllc~': 1\'1.;"', <il!>..! (t!) 1.1h.,'... "'\I,'1l .h"lll'jl .1" I..'lldl..! lILI\
<br />rt'.i.\...t~H:lr.l~ 't..'illTlC 11' -t""UT"l' that Iht' hCIl Ill' till.. SlXll!"il) I ,,_.,t rUIl1\,.'ll I'. I Cthh'f.... fIght-. 111 lilt" I'I(lr-nl~ ,111.1 Billll'\\l'l<
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<br />Unl h,\I,.\.I, till.. S....I.. unt \ In..t f lillll.'nl ,m,l Ih(. Ilhllg.lll< '11.. ...n U! \.d hl.'[,:b\ ...klll I Cl !I,ll fl run, \'ill" [1\ \. .1" I( \1<, .h'<"ckr ,I( ~\ 'Il lLh!
<br />Ol.','UI fed 111)\1,. \'\ t..r. ,hI'" nghi III! l'11l...1.t1c ...h.d! lh)l d!1PI;. p: ! lit ,;t...v', ,Lh'd. kr ,.H!< "j ,I !id,.1 j' l: ,q,~_l ,qd.... ! .. ,lJ
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