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~',l}'~ l7. TransFer of the~Propert~• or a Beneficiai Interest in 8orrower. If all ~~r ~in~ p~rt c~f th~ Ym~rrt} ur an~
it~~erc~t ?n it ~t ~.e~lci c~r tramferred tor if a beneficiat interest in Bormw~r iti s<~ld ~r trantiferrcd and B~~rr~}~ser i~ n~~i a nal:ua!
~~r.un) ~tiith~ut Lendrr', pric~~ Hritten cc~n~ent. Lender ma~, at itti c~~uc~n, reyuire immediat~ ~+a~ment ~n fuli all ~urn.
,~cured h~ thi~ ~~curit} Intitrument. fic~a~e~er, thi, u~~tiur~ ~hall ne~t be ererciticd h~ Lender i! ex~rci~e is ~r~~h~htitrd h~
f~cieral laH a; ~~f t}ie eiate c~f thi~ Sec~rit}' In~trument.
If Lcnder ~xer~itie~ thi. ~rti~~n. Lender tih~ll gi~e B<~rr~wer n~~tice e~f accelerahe,n. l!~c n~~tice.hall ~r~~~ s:lc a~eri~~d
~~i nut letis thsn 3~ dav~ t~rc~m the ~,ate the nc~tice :s deli~rred c~r ntailed ithin w~hirh B<,rruw er m~i~t ~ay all ;umti ti~~ufed h~
tf~~~ S~c~rit~ [ntit~urncnt. If R~~rmwer fa~ls trr pa} these sums ~rinr to the exPirati~~n ~~f thiti ~eriucl. Lendcr ma~ in<<~ke :in~
~rrn:dieti ~ermitted h~ thi~ Securit} Instrumrnt N ith~~ut further nutirc c~r demand c~n Hc~rr~ncer
18. I3nrrower's RiRht to Rcinstate. If 13c>rr~~wer meetti cert~i~i enndtic~n~. F3e~rru~tier ~hall h.i~e the ri~ht te~ ha~r
enfe~r~rm~nt c~f ;hi~ Srrurin Intitrurncnt di~r~mtinued at an}~ tirne rri<~r to the e~rlier of: (a) S da)~ (c~r ~uch ~~ther ~eri~~d .+ti
,~~~hcah}r fa~~ ~n:i~ ti~.citiy~ f~~r reinstatement ) bet~~re rale ~~f the Pn,~ert}~ purtiuant t<> am~ ~~w~rr ~~f 5nic ~~mtain~d in thi~
~~:urit~ Ie»trumcnt: ~,r {h) entr< <,f judgment entc~rring this Securit~~ instrument. Thene ~c,nditicm~ arr that Be,rnn~er:
f.~) [.rnei~r .ill ~umti ~~hich then w«ulcj_he due under thi5 Security lntitrtjmcnt and the `c~te ha~i ne~ ac~rlrrati~m
;k~urrr~i: dh) rur« an~ drfault ~~f ~in~ c~ther r~~~enantti or agreernents; (r) Qa~'s all expentie. incurred iri enf~~rcing thi~
Srrurit} In~trurn~nt, inrlu~iin~.. hut n~~t limited ic~, rea«mable attorne~~' fee~: and (d) takes ~uch artii~n ~i~ Lendrr ma}
r~~,i,~~nahl} rrywrc tn ati,ur~ that thr Gen <i~ thi~ Securit} instrument, Lender's rightti in the Prc~pcrt~ and ticirre,~~er'~
uhl~ganc;n t~; r.~} thr tium4 ~ecurrel h} thi~ Sec~rit} Instrument tihall rc~ntinue unrhanged. ['~c~n rrintitatrni~nt h~
I3~~r.<n~er, thi. ti«urit~ tn.trumesit and the ~~hli~at~e~nt se~used hereb} shall rcmarn fu{i} efferti~e:~~ if n« a~r~icrat~~m had
u.currecl. Hu~~r~rr, thi~ ngnt te> reintitate ~i~all nnt appl~ in th~ ca~e of acceleratic~~ ur:der ~aragra~hs 1?<~r 17.
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li l.rn~lcr reyuire~i murtg:ige insuranre ~s a ~~~ndiUun of making the luun ~erured b}' this Sr~unt~ tntitrumrnt.
i3urr~~~~rr .hal{ ~~a} the premiums rryuired to maintain the insur~ncr in etTect until such timr a+ the reyuirem~nt for the
inaur;ill~t ICCRIIRat~~ in ;iCCOfl~:l{1CC ~~'1{Il BOI'fONt~i's and Lender's H~ritten agreement or ap~lirabl~ laa _
8, Inspeetion, ~rnder or its agent may~ make re3sonable entric,s u}~c~n asid inspectio~is of the f'rupcrt~. l.rnder
shall ~,ive Borrower notice at the time of or prior to an inspection s~ifying reasonable cause fc~r the in;pee~tion.
9. Condemnation. The Pr~~reeds ot am~ aw~ard ar ~laim for damages, direct ar ccroseyuenhal, in connection ~ith
am rundrmnati~~n ~u ~~thcr tal:ing i~f an~ ~art of the Pro~rly, ur for ro~nr}~anre in lieu ~~f r~~ndemnation, are hereh~
a~.igned and ~hall br ~aid to 1_rncl~r.
li~ the ~~ent e~f a ti~t.il tuking ~~f the Yrupert~, the {~r~x~eeds ~hal1 he a~~Ged t~~ the .um~ .ecured b~~ this Se~unt~
In,!rum.nt, ~~h~thrr ~~r not then dur, ~~ith :~n~ ex~e~. p~id to Borrower. In the e~ent uf u p:~rtial taking ~~f the Propert~,
wileti. R~~rre»~cr and Lender c~then~ i,e agree in riting, the sums scrured by~ this Secunt~ In~trument shall be redu~ed b~
the a~»r~uit ~~2 the pr~xeed. multi~lird h}~ the following fraction: ('a) the total amount ~~f the ~ums tiecured immediatel~
h~aurc the takittig, di~ided bti~ {b) the fair n~arket ~atue of the Yro~ert} imme~~siriy t~fure the t~king. An}~ balance,h~i1 be
p:tid F~~,rn,~~~r.
If thr !'rupert} ~s aband~~ned b~ Borrower, or if, after notire by l.ender to B~~rro~~•er ?hat the condemnur offers tu
make an a~~ani ur ~ettle a claim for damages, Borrower f:~ils to :c~Exmd to Lender ~~ithin i0 da~~ atter the date the n~~tire is
g~~en. 1_ender i> auth~~rized to cc~llert and ap~ly~ the prckeeds, at its ~ption. either to re,t~~rati~~n e~r repair of the Pro~xrt~ ~~r
t~~ the sum~ ~e.urrd b~~ thiti Securit>~ fntitrument, Hhether or not then du~.
l.'nlrs~ l.r~~~irr and B~~rro~~~er otherH•ise agree in w~iting, any app{ication of pr~eeds to pnncipal shali not extend or
~~,i~~~~nc the duc dat~ ~~f the mc~nthl~~ pa}~ments referred to in paragraphs l and 2 or change the amount of such payment~.
10. E3orrow~er \ot Released; Forbearance By Lender Not a R`aiver. Estension of the time for pay~mrnt or
nuxiitiration ~~I :~m~~rtization oi~ the sums secured b}• thic Securit}• Instrument granted b}~ Lender to an}~ successor in
i~titerest ~~f fi~~~m~~er .hall ni~t operate to release the Iiabilit}~ of the original Borrow~er ~~r Borrower's succe~sors in interc~t.
1_ender ~hall nc~t be reyuired t~ commenre prekeedings against an~• successor in interest or refuse ta e~tend time tor
~a~mer2t ~~r ~~th~r~~ ~se mcxiif~~ am~~rtization of the sums secured by this Securit~~ Imtrument b~~ reason ~f an}• d~mand madr
b~ the original B~~rr~~~~er ~~r BorroHer's sucress~~r, in interest. An}~ fortnaranc:e b~ I.ender in exerci.ing an~• right ~~r remrd}
si~all nc~t bc a wai~er i~f ~r ~reclude the exercise c~t an}• right or remed}~.
]1. Successors and AssiQns Bound; Joint and Several Liabilit~; Co-signers. ~the cover~ants and agrerments c~f
thiti Serurit~ ln~trument shall hind and k~nefit t~e ~,..e+.~sors and assigns oi~ i,ender and Burrower, subject to the prrn i~u~ns
c~f paragraph 17. Bc~rro~cer's rovenants and agreements shall t~e;oint and several. An~~ ~3or~ ow~er w~ho co-signs this Secnri~}
tn.trument hut d~~rti ne~t erecute the tiote: (a) is co-signing this Secutit~• lnstrument onh• to mortgsge, grant and come~
; that flurruuer'~ interest in the Propert~ under the terms of this Securit~~ Instrument; (h) it nut pc:rtionalf~~ ohligated t~~ E~.i}
the wm~ secured by ;hi~ Serurity In~trument: and (c) agrees that Lender and an~~ ~ther E3urrow•er ma~~ agree to e~ten~i.
m«dit~~, f~~rhe.:r ur make an~ arcommc~dati~~ns witfi regard to the terms of this Securih Instrument or the Nc~te w~fthaut
that f3c~rmwer'sri~nsent.
j 12. I.oan Char~es. If the Ie~sn tiecurrd b~ this Serurit~• Intitrument i~ ~ub~ert tci la~~ ~~hirh sets maximum lc~an
; rh.srgc., and that la~? is finally~ intrrpreted so that the inte~est or other loan rharges cul:ected cir t~ he cc~flerted in
r~~nnrctu~n w ith the I~~an exreed the rermitted limits, [hen: (a) an~- such loan rharge shali bc reduced by~ the ~mc}un!
! neceti,ar~ tc~ reduce the charQe 4o the nermitted limit: and Ib) am~ sums alread~~ ec~llected fmm Rnrr~~ur~r u•hirh