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It l.rn~irr rryuirrd mortgcigr ~n,uranr~ a~ a ~un~fitwn uf making the Ic~an aecurrd b~ ~hi. Sr~unt~ In~irument,
t3ur~r~~rr .hali ~a~ thr ~rrmium. rryuired tu ma~ntain the insur:~nre in eflert un~il tiurh timr as the reyuirement for the
in.ur.incr t~rnunat« in accurd~n~r w ith E3.un?wer'~ ~nd Lendrr's written agrermrnt or applirable law.
R. Inspection. l.rndrr or i~~ :~grnt ma~~ maka reasan:~blr entries uExm and ~nspctition~ uf the Prupert}•. L~n~ier
.hall g~~e t3urruwer nuticr a~ the time of ur prior to an ins~tion s~ifying rcasonahle cause for the inspc~tion.
9. Condemnation, The pn~ceeds ui any award or claim fi~r damages, dirrct or ronseyurntial, in connection w~ith
an~ ~un~lemnatiun or ~ther taking ~~f an~• part uf the Yropert~~, or for conve~ance in lieu of condemnation, arr hereb~~
a,~ignrd and ~haU be paid to l.ender.
In the e~ent of a tutal taking ot'the Property, the prexeeds shall be applied to the sums sc~:ured b~~ this Security
In~trument, w hrthrr ur not then due, w•ith any excess paid to Aorro~~~er. In the event of a partial taking of the Yropertp,
unle.s Burro~cer and Lender otherw~ise agree in writing, the sums secured by this Security lnstrument shal) be r.duced by
the ~imuunt of the pr~xeeds multiplied by the follow~ing fraction: (a) the tutal amount of the sums secured immediatel~~
before the taking, di~ ided b} (b) the fair market value of the Property immediately before the taking. Any balunre shall be
~aid t~~ Bc~rro~~•cr.
!f the Pr~~perty is abandoned b~• Borrower, or if, after notire b}~ Lender to Borrower that the rnndemnor offer, to
makr ~r; .~a•ard or settle a claim for damages, Borrower fails to res~nd to Lender w~ithin 30 days aRer the date the notice is
gi~en, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
to th~ sums secure~ b~~ this S~curit~~ Instrument, whether or not then due. ~
Unlc~s Lender and Borrower otherwise agree in writing, any application of proceeds to principa! shall not extend or
postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
10. Borrow~er tiot Released; Forbearance By Lender Not a Waiver. Extension ef the time for payment or
modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
Lender shall ~ot be.required to commence proceedings against any successor in interest or refuse to extend time for
payment or utherwise modify amort~zation of the sums secured by this Security Instrument by reason of any demand made
by the original Borrow•er or Borrow~er's successors in interest. Any forbearance b~~ Lender in exercising any right or remedy
shall not be a w~ai~~er of or preclude the exercise of any right or remedy.
tl. Successors and Assigns Bound; Joint and Sereral Liability; Co-signers. The covenants and agreements of
this Security~ In~trument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
af paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
! [rstrument but dc~s not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and comey
~ th~t E3orro~~~er's interest in the Propertti• under the terms of this Securit~~ Instrument; (b) is not ~rsonally obligated to pay
! the sums sec:ured by this Securit~~ Instrument; and (c) agrees that Lender and any other Borrower ma~~ agree to extend,
E modif~~, fi~rbear or make an}~ accommodatior,s ~~•ith regard to the terms of this Securit~~ Instrument or the Note ~ti~ithout
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that Borrow•er's consent.
i 12. I.oan CharRes. If the loan ,ecured b~ this Securit}~ Instrument it subject to a la«• which sets maximum loan
€ rharges, and that law is finall}~ interpreted so tnat the interest or other loan charges collected or to t>e collected in
~ connertiun ~~ith the li~an erceed ihe ~rmitted limits, then: (a) an}~ such loan charge ;hall be reduced b}• the amount
~ nrcrtitiar~ t~~ redure the ch~rge to the permitteci limit; and (b) an}~ sums already collec;ted from Borrow~er w~hieh exreeded
pc rmitted limits w•ill be refunded to Borroa~er. l.ender may choose to make this refund b}• reducing the principal oH•ed
~ under the Note or by making a dirert pay~ment t~~ Borro~~•er. If a refund reducc~ prinripal, the reduction µill be treated as a
p ~artial ~repa~ ment without an}~ prepay~ment charge under th: Note.
~ 13. I,egislation Afi'ecting I,ender's RiRhts. If enactment or expiration of ap~licable laus has the eflect of
R rendering an}~ pro~ ision of the Note c~r this Securit~ Ir~:;trument unenfe~rceable according to its terms, Lender, at its option,
~ ma~ reyuire immediate pa}~ment in full of all sums srrured b}• thit Securit}• Instrument and may invoke :~n~• remedies
~ permitted b~~ paragraph 19. If Lender exerc~ses this option, Lender shall tak: the stepti ti}kcified in the srcond paragraph of
~ ~aragraph 17.
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~ 14. \otiees. An} n~ticr to Bnrrower pro~ided for in this Securit}• Instrument shall hc: gi~en b~ deli~ering it c~r b}
mailing ii b~ fint ~las~ ?nail unlesti applicable la«~ requires use ot anuther method. The notice shali be direrted te~ the
Yropert~• Addrets or any other address Borrow~er designates by notice to Lender. Any nnti~e to Lender shall he gi~•en b~~
first rlatis m~il tc~ Lerxier's addre~s stated herein or any other addretiti Lendcr designate~ by ni~tice to Borruw~er. An~• notice
~ ~ri~~id~d for in this Srcuritr Intitrument tihall be deemed tu ha~~e been gi~en to Borr~wer i~r Lcnder Hhen gi~en ati ~r<nided
in thiti ~ar~graph.
15. Goverr.ing Law; Severabilit}'. Thiti Securit~ Instrument ~hall he g~+~erned b~ frder.il l~w and the lau ~~f ttie
i ;urisdictic~n in ~~hinc ~he Propert}~ it lcxated. In the e~~ent that an~~ pru~ision ~r cl~use of this Securit~ Instn~ment or the
\~,te conflirts Hith a~plicable ia~~~, such ronflict shall not affect other pro~isiom of this Securit~ Ir~titrument or the tiote
whtih ~an b~ gi~en effect without Ihe conflicting provitiion. T~ this end the pro~isic-mti c~f thi~ Security~ In.trument and the
\nt~ are declared tc~ be tie~~erable.
16. Borrower's Copy-. E~~~rro~~er shall be gi~en ~~ne ~onfurmed cop} of the tiote snd ~~f this Securit~ Instrument.
' 17. Transfer of the Property~ or a Beneficial Interest in Borrow~er. If all c~r an~ rart c~f the Propertc c~r an~
intrretit in ~t i~,<~ld ~~r trantiferred (or if a Eeneficial interest in ~3arrc~wer iti tiold or trantiferred and R~irr<i~+cr i~ ni~t a natural
~~r~~m? ~~ithc~ut Lender't ~ri~r ~~ritten c~ment, Lender ma}~, at its ~~pti~m, reyuire immediate ~acment in full c~f all sumti
ti~cured h~ ihis Serurit~ Intitrumcnt. Fic~~ie~er, thiti optic~?~ tihall nc~r he eserci~ed h~ I.encier if rxercire is Prohibited h}
fedrr~l lau a~ c~f the date ~f this Serunt~~ In~trument.
If Lendrr e.~er~is~ti this option, l.cnder ~hall gi~e Horrc~wer n~tire ~~f accelerati~n. 7 he nc~tire shall rr~nide a~erinii
~~f n<~t lr~, thsn 30 da~s fre~m thr datc the n~~tice is deli~ered or mailed ~~ithin which Borrc~wer mutt ~a} all ~um~ ~ecured h~
th:, S~runt~ Imtrumrnt. If Bc~rrouer failti te~ J~a~ the~r wmti ~ri~~r tc~ thc ex~iraticm ~f this ~rrii~d. Lender ma~ imnke an}
rrmecJie~ ~ermittrd h~ thi~ Se~uritt Instruroent ~~ithc~ut further notice ~~r demand cm I3c~rn~~~rr
18. Borrower's RiKht to Reinstate. If I3c~rr<iw•er meetti certain r<mditic~nti, Borrc,~~er tih.ill ha~e the right t~ hace
enfe~rrrment uf ;hiti Serurit~ Intitrument di~rcmtinued at an}~ time ~rior m the carher :~f: (a) 5 da~•ti (~r sueh ~thcr ~•riod a~
~~~~lirahl~ la~r ma} ~~rrif~ fc,r reintit~itement ) hef~re ~ale c~f the Ymperty~ ~urtiuant to an}~ p<~wer nf sale contained in thi~
Serurit~ Intitrumenr. ~~r (h) entr~~ ~~f a~udgment enf~~rcin~ thi~ Securit} Intitrument. Thi~se rnnditi~ns arr that B~rroWer: I
(a) ~a~. I_ender all ~um~ ~~~hich then a<~uld he due under th~~ Securit} Instrument and the tiote had no accelerati~n '
c~~currcd: th? ~ure~ an~ default i,f ~in~ r~ther c~~~enants ~~r agreementti; (c) ~a}t all exrentes inrurred in enforcing this
Securit~ [n,trumrr,t. incluiiin~, hut nt~t limited tc~. reasc~nable att~rne~ti' fees: and (d) takes tiu~h acticm as I.ender ma~
reati~~nahl~ reyuir~ tr, ~titiure that thr lien ;,f this Securit~ In~trument. Lender'~ nghtti ir, the Prc~~ert~ and Beirrc~wer's
c~hlig:,tiun te~ ~a~ th~ ~urn5 ~«ured h~ thi~ Securit~ In~trument `hall ~cmtinur unchanged. [;~~n reimtatement h}•
R~rrc~w~r. ihi. S~.unt~ Iri~trument tind the i~hlt2ah:m~ secured hereh~ ~hall rema~ri full~~ effe~ti~~e as if nc~ accelerati~~~i had
~~~_urred H~~wr~rr, th~ti neht r.c~ reintit:~te 5hciil nc~t a~~+l~ in the ~_i~e ~faccelerat~~n ~nder ~aragra~hti 13 ~r 17
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