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11 LE'~dEN ~ti~:, !trd R?0/lV~3yt' ;nS;:~ancc~ as a conddi0f1Q1 making(helo~ secwed oy thS S~..i~'~~~ If1~I!u~nen! Bprli;;;e! Shr3'!
pay the ~re n'~~~;rt~~; req~.red to ~na~rta~n tne ~n;~;anCe ~n BifeCt unl~l suCh Lm~~ aS thC ie.~~;,~e~~ un' !~r Ine +ns~.ranCe te~n•~.r,d±es :n
accorclance ~.ti,th Bc;rr~::er s anq Lender s~.vr~+,te~ agreement or app.~cable law
8. Inspectlon. Lender or ~ts agent may make reasonable entr~es upon a~d ~rs~;echon; of thi~ Property Lender ;h~~~~ e
Q~r~,>;tier nohce at tr.e t~me ot or pr~or to an ~nspect~on spec~fy~ng reasonable cause br the ~ns,:ect;on
9. CondemnaUort. Tne F;roceeds o! any a~.ti~ard or cla~m for damages. d~rect or cerseyuent~~! ~n connect:nn ~.,+,n any~
cc,rd~ r~nat~on or other ta~:;ng ef an~ part o` the Property or for conveyance ~n ;~~u of condemnahon a~ e h~reby ass~yned a~~ shat!
be pa~d !o Lender
In !he e~: ent ot a tetal tak~ng of the Property tr.e proceeds sha!I be app~+ed to tne surns secured b~ th~s Secunty Instr:ur;enr
r:he!her or not ihen due :^.~th any excess pa~d !o Borrower In the ever,t ot a pari~al ta~c.ng of the Property Ufl'CSS BO!tv~L'c'~ ~~:d
L~~!~~er othc~n:~se ayree ~n ~hnt~ng tr,e sums secured by th~s Secur~ty Instrument shall be reduced by tr~ an~~..nt of ±nE~ ~ roceeds
rrult~p~~ed by L`~e tv!!o~.v~ng tract~on i al the tota! amount ot tne sums secured ~mmed~a;ely before the ta~~ng. d,v~ded by ( oi the fa,r
~~~arket va~::e of ;h~ Property ;!r.rned,ately betore the tak~ng Any ba~an~e shall be pa,d to Borrottier
If the Property ~s abandoned by Borrotiver or ~t aftei not~ce by Lender to Borro~eer that ihe condernnor o!fers to r.~aKe an
a~:~rd or set!le a cia~m for damages Borro~.ti~er fa~ls to respond to Lende~ ~.ti ~;hin 30 days after the date ihe not~Ce ~s g~ven Lenoer ~s
authunzed to co'!ect ard apply tne proceeds. at rts ophon e~ther to resto!ai~on cr ~epa~r of the Pro;~erry oi to?he su~~~s secured by
t~~s S~cunt~~ instr~~i~ent .vhether or not Ihen due
Unless LenCer and Borro•h•er otherw~se ayree ~n wni~ng any appi~cat~on o' c'oceeCS to pnrc~pa! sha!I not extenC c.r
p~s?pone the due date of ihe merthly payments referred to ~n oaragraphs t and 2 to change the amount ot such paymer,ts
10. 8orrower Not Released; Forbearance By Lender Not a Walver. Extens~on of the t me for ;layment or modfica?~or
o' arY,ort~zat~on of the sums secured by th~s Sec~r~ty Instrurr;ent granted by Lender tc any successcr ~n ~nterest o! Borrower shali rot
uc~erate to re!ease the I~ab~l~ty of fhe ong~na! Borrower or Borrower s successors m ~nterest Lende~ shal! r.ot be rE~u~red to
ccrnmence proceed~n~s aga~nst any successor ~n ~nterest orrefusetaextencit~mefor payment or otherv:~semod~ty amort~zat~ono!
the sums secured bv th~; Secunty instrument by reason of any demand made by the ong;nal Borrower or Borrower s successors
n?e~es? Any forbearance by Lenoer ~n exeras~ng any nght or remedy sha~l not be a wa~ver c! or prectude tr.e exerc~se ot any naht c;~
'emedy
11. Successors and Aasigns Bound; Joint end Severa! Liability; Co-signers. The covenants and agreements ot tn,s
Sec~.!:ty fnstrumenr shait b~nd and benef~t the s:;ccessors and ass~gns of Lender and Bcrrower. sub~ect lo the prov~s~ons o'
pa!aqraph 17 Borro•.ti~er s c~venan?s and agreements shall be jomt and several Any Borrower who co-s{gns th~s Secunty
!~st;ument but dces not execute the Nct2 la) ~s co-s~yn~ng th~s Secur~ty instrument only to mortgage grant and convey tha~
Borrower s~n?erest ~n the Property urder the terms of lh~s Secunty Inst+ument. (b) ~s not personally ob!~gated !a pay !he sums
~ se~~;:~ed oy th~s Sec.,r~ty ~nstrumert and (ci agrees ?hat Lender anC any o?her Borro.ver may aor~e to extend mod~fy. brbear cr
f a~e any acco!nr~oda?~cns :v~?h rega~d to !he te~ms of th~s Secunty Irstrument or the No?e :v~tho,,t ;hat Bcrro:ver s consent
' 12. Loan Charges. !t the ioan secured by tn~s Secur~ty Instrumen; ~s sub~ec? to a law .vrnch sets max~rr:um foan cha~ges
El".d Iha? 1a:4 ~S f~r•aiiy i(1(efFi~E?l~d SO?!'8i the ~rterest a! ot~er !oan charges colieCtECj 0! ~0 Cf CO!!@C?@C1 ~n cCnneC?~on ,v~th th~ loa~
t~xc~_•ed?~~e ~,err. tted !~n .ts ?hen r a1 any su~h loan cha~ge sha i be reduced by the amo!,nt necessary to ; educe ihe chargetolhe
;;er~r~~'.tec ~.•••~t and io~ any sur,s a~ready ccltec!ed frem Bor~o::er wh~ch exceeded perrn~ttedl~m~?; tiv~~l be retueded?o Borro~.ve~
~e~der r.~ay c~oose?o rnaKe ih!s re`und by reducngthe prnapai o~rred under the Noteor by mak~ng a d~rect payment tc Borrc.ver
a~ef~;r:d re;:uces pr~nc,~a! ?he red~ct~on t~:~lt be treated as a part~al prepaymen? ~+r,s.hout any prec;ayment charge ur ;?r ~he N~?e
~a ~.e9~s~o~ nr~ec~?,~ ~er~ae~~s R~n~a. if enacxment or exp~raGon d a~pp~~cabie k~ws has the effect d re~lenng prw~sions resped,~
' the repayment ierms. ~nterest ad~,stments, or transfer d property under the Note or th~s Sec~nty Instrument unenforceable accad~!~g to ~ts
! terms. Lender . at Rs ion, m r wre Borrov~ to mod the r •
opi ay eq rfy epayment terms, ~nterest ad~ustment terms, or transler of property p.avrs+on(s),
as app!:cabl~ d the Note andlor the Secunry insirument. The new term(s) shall not increase the Note iniere~ rate to a rate greater than
the rate Lendc,~r wou!d have offered Borro~er on the date d the Note for a 30-year f~~ceci rate loan in the same onginai pr~nc,pal amou~t as the Note
i 1f ~ender exerases th~s option, Lender shall give notice to Borro~rer, specifying (a) the act+on requ{red to mod~fy the applicable term{sj
' of the Note and the Secunty Instrument; (b) a dai~ not less than 90 days from the date the not~ce is g~ven to Borrower, by wh~ch the mod~ficat~on
; must be completed; and (c) that fa~lure to complete the moclrficaUon or or before the date specrfied in the notice may resuft m accelerat~on
oi the sums secured by the Security Instrument. If Borraw~r fails to take the action req~ired to effect the modd~cat~on within the spec~f~ed
t~me. Lender may ~rnroke any remed;es perm~ted by th2 SecurRy Instrumeni vtinthout further not~ce to or demand on Barro~nrer
;
~ 14. NOfIC@8. A.ny n0t~r~ to gOrro;•;er G•OV:deC fer !n thiS Secur:ry irstr;;me~t sha!~ be g,v2r, by de':r~ern^y i? or by mg~:,n9
j ~ f'~rs! c ass rra~i un!ess a;~p!:cab!e :a•,~ re-~u~res use ot ano'her metnod T~e not~ce shall be dnected to the Proper?y Address o~ am.~
~ ;'her address Sorro„er des~gna?es by no?~ce ?o Lender Any nohce to Lender sha!! be g~ven b~ `~rst c;ass ma~~ to LB~d~r s addre~ss
~ sta;ed h.erem or ary e?he! addr~ss Lerdnr des,gnates by noi~ce to BorrG~ve~ Any nehCe prov~~ed fGr ,n ?his Sec~~nty lnstrurr~er?
~ snal! oe deemed hav~ been given ?o Borrcrler or Le~der •.~;~en g,~~er as prOV+ded ift thiS pere~r8ph
~ 15. Governing Law; Severability. Th~; Secun?y instn,;rne~~t sha~! be governed tr~ t~derai la~.v and tne :a:v ct ~he
;unsd~ct,o^ ~n :rhiCh ~he PIUD@f(y ~s located In iheeven~ that any prcv~s~enor c!auseof?`,,5 Secunt•~ instrurne~t ~r ,he No;ecorfl,cts
~ ?h ap; `~ca;~~e!a.v such confi~c? sha'! ne? affeC? Gther prov~s~ons o! th!s SeCUr,ty Instrur,n.ent cr the Note ~:~h!ch can beg~ven effect
~ .~:~mo;;t ?he ronflictmg p!ov~s~on Tu th~s end the prov~s~ons o! th~s Secun?y Irs?rumen! andthe Note are dec~a~edto be severable
~ 16. Borrowers Copy. Borro~rfer shai~ oe g~ven one cor,formed copy o` !~e Note and oi in;s Secunty lnstrument
17. Transfer of the Property or a Beneficial Interest in Borower. If ai, or an~~ part ot rhe Property or ar,y ,nterest :n „
F so'd or ?rans'erred (or ~f a benef~c!al mte~est ~n Borro::er +s soid or transferred and Borro.ver ~s not a r;atura! person~ nr~tt~~out Ler,de~ s
c:~~c~ .:ntte^ ;r,n;ent Lender r?ay at is cphor. reGu~re ;r- mE;~~ate payrnent ;n fuil of al! su~^s s~cu~ed by 2h~s S2CUr~',y InS?rum:ent
H:,::e.er e;;!,cn shal; r.ot be ex~rc~sed by Lender ;f e~xerc~se ~s proh~b~?ed by `ed~ra: 'a:, as of the da'.e of ?h~s Secunty
~ ! ~l S' ! i. ~?1 P(1?
I! Lendet ~xerC~S~'S fh~5 i;p;ir;1 Len~~ef ~h81i g!~~e BC~fG::Bf r:vf~Ce 0~ acce!eration The not~Ce sna~~ prov;de a pen0o Of ~01
' ~~ss ±~an 30 da; ~`ro~, tne da?e the n~~l~ce ~s delivere~ pr rr,aued witrin r: h~ch Borro.le~ must pay ail s~ms secured by tn~s Secur.?y
!~s?~ument i` Borro.ver fa~!s ro pay these sums pnor to the exp,rat~on of this per+od. Lender may ~nvoke ary remed~es perm.tted by
s Secunh; (nStrum~r•1 ,~ithout }urther r,ohCe O! demand on Bo!!ower
` 18. Borrower's Right to Relnstate. if BorfOJ~~~f ineets certa~n cond;~~ons Borrov:er shal, nave the ngh; to na~.~e
t
' E:~.`er;.ement ot th~s S°GU'!iy irst'UmCflt d~SCOn'i~U@d 2! ~!ly f~f''~C ~nOr the earl~er Of ( c~j ~ d2j/S (0~ such o?her penod as appt~cab'8
i
~ a:: may s,;ec,ty !or re~n;!ateme^t; before sa~e o' !ne Pro, erty ~;vrsuant tc any po,ver ot sa~e co^'a~ned ~n tn;s Secun?y Instru!neni.
~ or ibl Gntr~ ot a~udgment enforc;ng rh s Secunty instrument Those cond~LCns are tha? Bo~ror,er. la~ pays ~ende~ ail sums ~.vh~ch
~ ~nen svou,d be due undur sh~s S~cun;y Inst~umert a~d ine Ncie nad no acceterat~on occurred Ici cur~ ~ny defau?t ot any athe~
~ovena^is ar ~g~~emc,~rlS tC1 pays alI eip:•r,ses ~nr_w!ed ~n enforc~ng tn~s Securty ir,strument mc'ud!ng but rot Lm~ted to
~ , ~ e % .9 ? s q~c.,,; ~ :s~rrae O R ~r oB~2a9 aev J~s~ • aa ~ Pc
BO41f~U t~ FAGE ~CJ~
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