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<br />If Lender required mortgage insurance 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 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 th~ Property,. Lender
<br />shall give Borrower notice al the time of or prior to an inspection specifying ~nable cause for the inspection,
<br />9~ COndeiiiiiaUuu. The proceed& of any award or claim for dainages. ' direct, or constQuential{~}r.~~~.!:,;~ith;,
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnatiOn,are:~
<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 bytnts~rity
<br />Instrument. whether or not then due, with any excess paid to Borrower, In the event of a partial taking oftbePl'9peity,:
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrumentshall.bered~J)Y
<br />the amount of the proceeds mulripHed by the fo!!ov.'ing fraction: (e)' the total- a.~,Jnt of the-su'ms'-secured':~..~~~Jl~I'U~t~JYi'~_
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shalfbe"
<br />paid to Borrower,
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrowerihat thecondeinnorojf~.ta
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days afterthedatetbe'nptice.Uc
<br />given, Lender is authorized to coHeet and apply the pruceed$; at its option. either to restoration-or rq>>1ir:of,t~~P:roP~I'~Y])~_'~"' c
<br />to the sums secured by this Security Instrument, whether or not then due, . . . .....' -
<br />Unl~ Lender and Borrower othel'\\;se agree in writing, at''' ""plication ofproceedstoprinci~sbaIlnot.~...
<br />postpone the due date of the monthly payments referred to in p.~,c.,7!>,ms 1 and 2 or ,.hange thel!ffiQun(ofsueh:pa -',
<br />10. Borrower Not Released; Forbt:al'lUKe By L"h Of f ;ot a ~ ,;U~. &tension()flileti"""fui'pi!T~'~;;
<br />modification of amortization of the sums '-"Clued by tn.. ~rity Instrument grantedby~toiny~~'jt:r:"
<br />interest of Borrower shall not operate to release the liability of the original BorrowerorBorrower's~in~
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse: t(U~X:tllIld'~l~
<br />payment or otherwise modify amortization ofthe sums secured tJy this Security Instrumentbyreason'ofanydernll,lldll1a<F',
<br />by the original Borrower or Borrower's successors in interest, Any forbearance byLenderin.exer~anYrigbt(U".r~y;i.
<br />shall not be a wai\'er of or preclude the exercise of any right or remedy. '
<br />11, SUttllSSOr5 aoo Assigns Bound; Joint lIIId. Several Liability; Co-sil!DetS. The covenantsand~tll()(>
<br />lhis Security Instrument shall bmd and benefil the successors and assigns of Lender and Borrowel'; subjectta the~prQvi$ji:lJts,.,
<br />of paragraph 17, Borrower's covenants and agreements shall be joint and several, Any Borrower who c<rsignsthis Securit)r~
<br />Instrument but does not execute the Note, (a) is co-signing this Security Instrument only to mortgage,grantandc6nvey
<br />that Borrower's interest m the Property under the lerms of this Security Instrument; (b) is notpersonallyQbl~:lOpay
<br />the sums secured by thIS Security Inslrument; and (c) agrees that Lender and any other Borrower may agt!l<::taextcndi'
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrumcntonhe.Noteowit!totn-
<br />lhal Borrower's consent,
<br />12. Lou Cbarges. If the loan sec.ured by this Security Instrument is subjecllOa law whichsetsIllax:im~~
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or tobllcoIlllCled..1n
<br />connection with the loan e~ceed Ihe pennitted limits, then: (a) any sueh loan charge shall bereduce40Y the ampt!t1t
<br />necessary to reduc-c Ih/.' charge to the permitted limit; and (b) any sums already collected from Borrowerwhicfr~
<br />permiUed limits ....ill be rcl'.mdw 10 Borrower, L.ender may choose to make this refund by reducing the prinoipl!lowed -
<br />under Ihe Note or by making II direct paymenl to Borrower, if a refuftd reduces principal. !heredl!et_;oo\!!!l!betnA~,jI$'a
<br />partial prepayment without any prepayment charge under the Note,
<br />13, Legislation Alfecting Lender's Rights. If enactment or expiration of applicable law!> has the effect' of
<br />rendering any provision of the Note or thiS Securily Instrument unenforceable according to its terms. Lender, allts option.
<br />may require immediate paymO:li in full of aU sums ~ured by this SecurifY instrument and- may -invoke any: -~~
<br />permitted by paragraph 19, If Lender exercIses this option, Lender shall lake the steps specified in the s.;:eondparagraph.of
<br />paragraph 17.
<br />14. 1'1"""- Any !!otlce to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law req~ use of another method, TheooliccshaiJbecdire:ctedtotilc;
<br />Propeny Address or any ether address Borrower designllUls by notice to Lender, Any notice to Lender shall be given by
<br />first class mail to Lenders address Slated herein or any other address Lender designates by notice to Borrower. Anynotille
<br />provided for in this Security instrument shall be deemed to have been gi\'en to Borrower or Lender whengivenas provided
<br />in this paragraph,
<br />IS. GoveFaiBa Law; Severability. This Secunty Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which th;: Property is located. In the evenl that an)' provision or clause of this Security Instrument or the
<br />NOll' COl!fticb with applicabk law, such conniet shall not anect other provisions of this Security Il'.sttumen! Qrtbe Note
<br />which can be given effect withoul the confticling provision, To this end the provisions of this Se<:urity Instrument and the
<br />Note are declared. to be severable.
<br />16, Borrower's \.opy, Borrower "hall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Trusfer of the Property' or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />lnt;:res! m it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natuml
<br />person) wilhout Lender's pnor written consenl. l~nder may, at lIS option, requir;: Immediate payment in full of all sums
<br />secured by this Security Instrument, Howe\'er, this option shall nol be exeTcised by Lender if exercise is prol)ibited by
<br />federal law as. of the date of this Securitv instrument,
<br />If Lender e.\CfC'SI:$ this optIOn. knder shall give Borrower notice of acceleration. The notic.e shall pro\'ide.aperiod
<br />of not less tiu.n 30 days irom the date the notice is deiivered or mailed within which Borrower must pay all sums secured by
<br />thIS Security Itl$trument, If Borrower fails to pay these sums poor to the expiration of thi;, period, lender may invoke any
<br />ren~ic:s permllted by this Security Instrument without further notice or demand on Borrower,
<br />18. Bono.....'s Rlabt 10 Reinstate. If Borrower meets cettalll conditions, Borrower shall have the right to bave
<br />enfurcermmt of this SeeU"ty InslfuM<:1ll discontinued at any tUlle prior to the earlier of: (a) 5 days (or such other peri\.'<i liS
<br />appllCilbU: law !llllY sl'C'Cify for rein!>lalementJ before ;;ale of the Property pursuant to any power of sale \.'Onlained in tllis
<br />~unty In.trumClII; or (1:>) entry' of II Judgmenl enforc.illg Ihis Security Instrument. Those condltions are that Borrower:
<br />1)1) pIl.ys l~ all .urns whicll thro would be due under this Security lnimument and the Not;: had no ll~,'eleratioll
<br />occurred; {bl C\lrlm\ any default of any other covenants or llgreemem,,; (cl pays aU ex pen""" ml:urred in enJNl:ing thiS
<br />Se;;\lrlty InsHuIDI.'lIt, m,Judlft~, but not hmlled 10, n:llWnabie allome,s' f~ and (d) take;, >\.ch "clIon liS Lender ltwy.
<br />r_!>ly r~ulfc :" ll'iUI~ tlla! the JI~1l (}f lh.s Sec.unty I",trumenl. Lender', nght~ Il1 th" ProperlY and B"Hower's
<br />~i.u.;m .in pay lh~ 'H.Utb ~t."urcd by lhr!\. ~urHy hl~tru.m.eJH shaH -COO Ufi u-t" unt;,:hauged. l'f'\JfI remstatclneru by
<br />&-'n~.lw~.L tn-it.- ~;u-tn)- jn~trumt:tH .and the (~bhg-a-H()lli..s~ured h.eretly ,haU rem;tUl fulh dl&~tne a~ if Hrl aC-\.,'eterauon h~d
<br />t~J;;,uHf:'il i-i\.'i;i\<('<.ct ~ !ht.\-O-i_ht h:"1 r~itl~;ta!e :1;:}Hf~j f'hJt ft-ppi:y ~n the C'6-e of 3t..'~-de:ratHm llJH.kr pu.fagruph~ ! _~ {Jf ! ~
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