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' U. Transfer of the Property or a I3eneficiai Interest in }3orr~~wer. If .~ll „r :~n~ ~.~rt ~~f ~~~~_re_. .~r
~ interest in it is soid or traniferred (or if a beheficial interest in 13c~rrc~wer ~~>1J tr.+nv~rrt•~1 ~ncl f3~~rre~~tirr r~..
r person) without Lender's prior written ~onsent, I.ender ma~, at it~ ~~r?u~n, reyu~re i~t:rnr.i~.it~ ~:~}rnrnt i<< tuii ~t .ili ~:;r,•:~
secured by this Secunty Instrument. lic,w~e~er, this ~~;;iem 5haf1 ne~~ he rx~rcitie:l h~ L~n.irr it ~x~r_i.e i~ ; r~~h;^,!~~i
federal law as of the date of this Security (nstrument.
- If Lcnder excrcises this opti~m, t.endcr shall give R~~rr«wcr nr~h:c nf arcclcr.~n~~r~ h_• nr,iic~ ~t,:~i! G~r~~. ~ci~~ ~-~~•r:-~~!
c~f nc~t less Ihan 10 days from the date the n~tice i~ deii~ereei ~~r rnailed ~+ithin whi~ h f3:~rr+~~.~cr niu~t t~:+~. ~II .urn~ ~~~.:~~~~~f hti
lhit Secunty lnStrument. if Bc~rrnwer fail~ [n ~,ay thc;f ~ums ~n~;r t~~ the cY.F ir,+ii<~n nf thi. ,~:~rr~cl. I encler rn~~~ ;n~,~k~~ nr,ti
remedie~ permitted by this Secunty Instrument withnut funher n~~tice r,r clernanci <m Hnrrnucr
18. P.orrower's RiRht to Reinstate. If R<~rr~}wer mert~ cert;~in :~~nditinn~. 13~~rr~>~~er ~i~;,fl h,s~.t~ ~he r~~~~r h,,~.~
enfc~rcement ~~f thi~ Secunty Intitrument diSCnntinu~d at any ti~ne ~nr~r t~~ thr e~~rLer ~~f (a e1-~~,~ /c~r ~u~ h~~thf•r F~•r~ .i.
applicahle law• may specify k,r reinstatement! hefnre s<ile ~~f the Prr~~ert~; , ur~u.~rit t~~ ,+ny ~~~~~+rr ~~f .,,;e ~_~~r+!a~ne•cl in ti~i~
- Security Instrument: c~r (b) entr~ ci~a ~udgment enf~~rcm~ tni~ Se: ~int~- I:~~trurnenr ( h~~.c cr~neLn~~n•. ~~re rh;+! H~~r~~~~ti~ r
- (a) pays I.ender all tum~ which ther ~ti•~~uld he due under thit Secunry (n~trurn~•r~t ,~nd !hr ti~~tc h:tel n<~ :+cc?•l~~r;~~i ~n
~ccurred; (h1 curec any default ~~f any c~ther cc~~enants or aureemeni:: Ic? ~~ay'~ .iil ~x~en,:~t incurre~l in cr,f~~r:in~ ~h;~
" Security Instrument, includ~nR, bui nnt I~mited rea«~nah)e att:~rne~~' fee~ and fcii takes ~urh acn~~n 1 cri:lrr rn~i~:
i~.
reasunahly require t~ assi~re that the lien c~( tha~ Securiry Instrument. ( en~lcr'c nkh~~ in thc !'rr~~crt~ ancl finrrr~~.~rr'.
obligahnn tc~ pay tf~e Sums Secured hy thts Sec!irity fn~trument ~hnll c+~nhnue unchan~ecl [~E~~~n rein~t<iternenr ~n
Rorr~wer, this Security Instrument and the ~}hliQahnn< <ecured herehv ~hall rern~?in iully effechv~~ a~ if nn ac~eler-+tinn had
occurred. Fi~wever, this nght t~~ reinscate ~}~all nc~t a~~~ly in the ca~e c~f a~celerati~~n under parn~ra~~h~ I 3 r~r 17
~ ~
442 ~,~~F
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If Lrn~ler reyuired mortg:sgi ~muranre ati a ~onJih~~n ~~I making thr I~~a~~ ~r~urr.l h~ thi. ~r~unt~ In~tri,inrnt.
B.~rrow•er shall pa~' the premiums reyuirr~i tu maintain the iu~uranre ~u rtl~r~t until w:h unir .n thr rr.{uirr,n~nt t~~r thr
insurance term~n~tes ~n accur~ian~e w ith Hurn,krr's an~ Lrn.ier'. w nttrn agrerinrnt ~~r a~,~l?.•ahlr I.~~?
8, Inspeetion. Lender or its agrnt ma~ make rra5~~nable rntnr, up.~n c~nJ in,4~r~u:m, ttir Pn~~•rrt~. l.rn~lrr
shall gi~e Borrower notice at the timr i~f c~r pr?or to an ins~i[IUtI 5~~11)'Itl~. ~c:?x~n:thl~ i.tuu f~~r th~ ~n,E}r~u~~n
9. Condemnation. The pnkeed~ of an~ a~~an1 ur cla~m for ~lamage~, ~1ire~t ~~r ~vi~,r~~urntial, i~~ ~~+nnrrti:~n ~~ith
an}~ condemnation or other taking uf any part uf the Yrc,~rt~. ~~r f~~r r~,~~~ryan.•r in I~eu ~,f ~~>n.lrmnatwn. .+rr h~r:b~
assigned and shall be paid to l.ender.
In ihe event of a total taking of th~ Pm~rty, the ~r.kre.is ,tiall he a{~~~li«1 t~~ thr ,un~. .r~ urrei h~ thi, 5«un[~
Instrument, v?~hether or not then due, w•ith an1• exrr~.~ paid i~~ R~~rru~~er. ln thr e~rnt uf a E»rual taking uf [he I'ru~~rr[~.
unless Borrower and Lender otherw~se agree in wnting, the ;ums ~ecureci b~ this 5e~unt~ ln,trum~+~t ~hall h~ rr.iu~r.i b~
the amount of the pnkeeds multiplied b~~ the fotl~~wmg fra~uun: thr t~~tal ~muu~~t uti thr ~um~ ~erur~;l tm~nr~liatrl~
before the taking, dividzd by (b) the fair market ~alue of the k'rupert} immr.l~atcl~ brfurr ttir tak~n~ :~ny bal~n~~ ,f~.?II hc
paid to Borrower.
If the Property~ is abandoned by BurroNer, or i~; after nutire h~~ t~•nci~r tu t~urr~~~~rr that ti~~ c~~nci~n~n~~r ~~tT~~« t~~
make an award or settle a cla~m for damages. Hurr.~H•er fails tu rr~pe~n~1 t~~ l.ender ti~ ~thin zt~ .1a~, aitrr the ciate th~ nuu:
given, Len~ier is authorized to collect and apply the pnx~ee~ls, at its upt?c~n, eithrr tu rr~tc~ranun ur rc~~:~ir ~~f thr Pru~~rrt~ ur
to the sums secured by this Security Instrument, w~hether or nut thrn due.
Unless Lender and Borrower oiherwise agree in_ wnt~ng, an~ a~pliran~~n ~~i ~r~kei.iti t~~ , rii?; iral ~hall nnt rxtrnci ~~r
postpone the due date of the monthly payments referred ro in paragraphs 1 and 2~~r rhange th~ amuunt ~~f ~uih ~~a~nun[`.
10. Borrow•er Not Released; Forbearance By' I.ender tiot a~\'ai~•er. Eaten~i~~n c~f thr tim~ I~~~r ~~;.i~mrnt ur I
modification ct amortization of the sums secured by this Securit}~ In~trument gra~?tr~i h~ l.rmirr tu an~ ~u~~r.~~~r in
interest of Borrower shall not operate to release the liabilit~~ af the original Horr~wer ~~r R<~rmwer'. ,ur~e.~rn in ~ntere.c
Le~der shall not be required to commence proceedings against an~• succe~sor in intere,t ~~r re~~~r ?u ertenci t~rn~ t~~r
payment or otherwise modifj~ amortization of the sums secured b}~ this Serurit}~ Instrurnent h} rea.~~n ;~t .+n~ dem~ncf macir
by the original Borrower or Borrow~er's successors in ~nterest. An}~ fo:bearanre by Lencier in ~sercuine aiiy n~ht ~~r rrmecl}
shall not be a w~aiver of or preclude the exercise of any right or remed}~.
11. Successors snd Assigns Bound; Joint and Several Liabilit~~; Co-siqners. h~ ~u~enant~ anci agrerment` ~~f
this Securit~• Insirument shall bind and benefit the successon and assigns of Lender and f3c~rr~~«er, tiuh~ect t~~ the ~rcn~.t~~nti
of paragraph 17. Borrower's eovenants and agreements shall be joint and se~eral An~ f3c~rrc~~+rr wh~~ ~~~->>c;n~ th~s Serunn~
' Instrument but dces not execute the Note: (a) is co-signing this Security Instrument ~~izlti t~~ m~~rtga~r, gr~nt 3n~t ~~,n.~y
~ [hat Borrower's interest in the Property under the terms of this S~curit}~ Instrumenr, (h) n~~t ~erti~~nal!}~ ~~hl,~ated t~~
the sums secured by this Security Instrument; and (r) agrees that 1_en~ler and an~ nther f3~~rru«er nza} a~rre I(1 CCICII(~.
i modify, forbear or make any accommodations w~ith r~gard to the terms uf thu Srcunt~ ln~trumrnt ur the \u,r withuut
i that Borrower's consent.
' 12. Loan Charges. If the loan secured by this Security Instrurnent iti ~uhje~t t~~ a la« «~ii~h ~rt~ rna~irnum I,~an
charges, and that law is finally interpreted so that the interest ~~r ~~ther luan ~har~r, ~c~llecte.i ~~r t~~ be c~~llr~tr~1 i~i
i connection with the loan exceed the permitted limits, then: (a) an}~ ~urh I~~an rh:irge ~hail he r~~iucr~i h~ the am~~unt
~ necessary to reduce the eharge to the permitted limit; and (b) any' sums alread~ ce~llectrcJ frc~m f3urru~«r uhi~h ercercir;l