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li Len~ier reyuire~i m~~rtg~ge in~uranre a. a r~~nd~h~~n uf making ihe loan ucured by ihi~ Srruntp Instrument,
13urr~~~~er ,hall ~a~ thr ~remiumc rey~ired tu maintain thr insuranre in efTect until such time as the rcyuirement for the
in~ur,in~r Iernunatr~ ~n a~rur~i.llll't N'IIFI E~OffOKC~'~ and l.rndrr's written agreem.nt c~r appl~rable laK•.
8, lnspection. Lcnder ~~r it, agent ma} make rra~~~nable entrirs u4xm and inspections of the Prc~pert~. lxnder
,h:?II gn r B~,rro~er n~~h~r :tt the time of ~~r pnor to an ~ntipertion s~rify~ng rcaumable rause fi~r the ins~ctiun.
9. Condemnation. The pr~keedt ~~i an~ award c~r rlaim for damage~, d~rert cir ronseyuential, in ronnertion w~th
.in~ ~~~t~~lemnatic~n ~~r ~~ther t~king ~~f an} p.?rt ~~f thr Pro~rty, or far ron~e~'anre in lieu of rundemnaU~~n, are hereb~
.~,ti~gnrd and `hall be ~aid t~~ Lrnder.
In the e~r~~t ut s t~~tal taking ~~f the Yru~ert~, ~he rmceedti shall be applird t~~ th~ wmti secured by this Srcunty~
In~.rUment, Hhether or not then due, ~~~~th :~n}~ exrrs~ paid to Aormwer. In the e~rnt uf a partial taking of the Pr~Fxrt~,
unir.~ f;orrc~~er 3nd l.ender otherwitie agree in w~nting, thr sums securrd by this Serurit~~ Intitrument shall he redured by~
the anu~unt uf the prcxeeds multiplied b}~ the fe~llowing fraction: (a) the total amount of the sums serured immediately~
hefurr the taking, di~ ided b~~ (b) the fair market ~alue ~~f the Propert~~ immediatel~• befure thr taking. An} balanre shall t~
~a~d tc~ E3orrower.
If the Prupert~ is aban~ioned b~~ f3urruw~er, i~r it~, after n~~tice b} l.ender ta t3orruH~er that the rondemnor offrr~ to
make an a~ard ur,ettle a ~laim for ~iamages, I3~~rrawer failti tc~ rrspond tu l.ender wtth~n i0 days:s(t~r the clate the notirr ?s
gi~en, Lender i, authorized to callect and ap~l} the pnxeedti, at itti o~tiem, either tu rrtiturstiun c~r re~air of the Yrc~pert~ ur
t« thr tiums serured b~~ this Secunt~~ Imtrumrnl, hether ~~r not then duc.
l'nle~ti Lender and Borre;wer otherw~ise agree in H~rit~ng, an} applirati~~n uf ~mc~ed~ ~c~ ~rincipa) shall not extend or
~~~.tpune the due date of the monthly pa} ments referred to i~~ paragraphs 1 and 2 ur rh~ngr the am~~unt of ~urh pa~ mentti.
10. Borrower \ot Released; Forbearance By I.ender Not a~ti'aiver, Exten~ion ~~f the Ume far pa~~ment or
rnt~dificati~m of ~mortizati~m of the ~tims secured by thiti Security Intitrument gr~nted by l.ender to any successor in
interest ~f E3orroNer shall not operate to release the liability c~f the original Burmwer ~~r B~~rro~?~rr'ti ~ucceti~ors in ~ntcrest.
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~.enaer Sf1311 ?l)l [)C fCI~WICIl lV l'l)IIIItIC11l:C Fi1UlCCU111~,~ dKiiliill dli~ 1Ul~l"»i1i f1i iiii~ilii i3~ itiu~~ :ii ~n::+~u ii~i~~ :~:i
payment ~~r other~ti,e m~>dify am~~rt~zan~~n of the sums secured b~~ th~ti Securit~ Instrumeizt h~~ reason o(an}~ demand made
hy the onginal BorroNrr ~~r B~~rrower'~ tiuccestiors in interest. An}~ f~~rbrarance b~ Lrnder in rxercising any right or remed}•
,hall n~~t br a wai~er of or prrclude ihr exerritie c~f an} right or remed}.
I1. Successors and AssiRns Bound; Joint and Several I.iability; Co-signers. The rn~enants and agreements of
this Securit}~ Instrument tihall bin~i and brnefit the wcrestiors and assigns c~f Lender and Borrow~er, subject to the pro~ isions
uf paragraph 17. Bc~rro~ er'ti cu~ enant~ and agreement~ shall be joint and several. Any BormN~er who c~~-signs this Securit}
Instrument hut d~zes nc~t ~xe~ute the tic~te: (a) iti re~-~~gning this Security Instrument onl~~ to mortgage, grant and com~e~~
that Borrc~w~er's ~nterest in the Prupert~ under the terms of this Securit}~ Instrument; (b) is not personall}• obligated to pay
the sums serured b~ thiti Securit~ Intitrument: and (r) agrees that Lender and any c~ther B~rrow~er ma~~ agree to extend,
m<xiify, farbear ~~r make an~ :irr~~mmud~tiuns with regard te~ the term~ of this Serurit~ Instrument or the Note ~•ithout
j that Bc~rre~~ier'ticuntient.
! 12. I.oan CharKes. If thc l~~a~ serured b~~ th~s Serurity lnstrument is suhject to a law~ w•hich sets maximum loan
f rhargrti, and that law ~ti finally interpreted ti~~ that the interest or other loan charges collected or to be collected in
~ ceinnectie~n with the Ic~an exreed the permitted lim~tti, thrn: (a) any~ such loan charge shall be reduced b~~ the amount
~ ne~essary t~~ redure the charge to the permitted limit; and (b) an}~ sums already roliected from Borrow~~r w~hirh exceeded
e ~ermitted limits w~ill be refundrd t~~ E3orrower. Lender ma~~ rhoose to make thiti refund b}~ reduring the principal ow~ed
~ under the Note or b}~ making a dirert pa}~ment tei Borrower. [(a re(und reducet principal, the reduction will be treatcd as a
; ~artial prepayment ~~ith~ut an~ ~repay~ment rharge under the'.~1ote.
i l3. Legislation Affectin~ I.ender's RiRhts. lf enactment or ex~iraticin of ap~l~rable law~s hati the efTec:t of
rendering an} pra~~ision of the tiote or this Serurit}~ Instrument unenfc?rceable acr~~rding to its terms, l.ender, at its option,
may~ reyuire immediate p~i~~mrnt in full of all tiumti ~ecured h~ this Securi[~ Instrument and may imoke any~ remedieti
' ~ermitted b}° paragr:~rh 19. If Lender ererci~es this option, l,ender tihall take the tite~~ ~~ecified in the second paragraph c~f
~aragraph 17.
~ l4. \otiees. Am~ nc~tice to Borrower ~rcn~ded fc~r in this Serurit}~ Intitrument shall be gi~~en b~~ deli~~ering it or by~
~ ma~ling it h}~ first rlasti mail unlesti applicable law reyuireti utie of another method. The nc~tire shall be directed to the
§ }'roperty~ Address or any other address BorruHer detiignates b} notire to Lender. Any~ notire to I_ender shall be gi~~en b}~
g hr~t class mail to Lender'ti address stated herein or an}~ other addreti~ Lendcr designateti b~~ nc>tice t<~ Borrow~er. Any notice
- pr~~~ided for in this Security Intitrument shall be deemed t<~ ha~e bern Ki~en t~~ Bc~rrower ~~r I_ender w~hen gi~~en as pro~~ided
~ in this paragraph.
d 15. Governing I.aw; Severability~. 7~hi~ Securit} In~trumcnt tihall he gu~erned by federal law~ and the law~ of the
;uri.diche~n in w~hich the PropertS~ is larated. In the e~ent that an~ pm~i~iem ur clautie c~f this Security Intitrument or thc
tiote ronflicts with applicable law~, wch rc~nflict shall n~t affect other pr~ni~ionc e~f thiti Serurity Instrument or the Note
~ which can be gi~en efTect w~ithout the ~c~nflirting pr<n~itiion. To this end the ~rc~vitiic~ns of this Securit}~ lntitrument and the
~~te are declared to be s~verable.
; 16. Borrower's Copy. Borrower shall be gicen ~ne cc~nfo.-med cop~- c~f the Note and of this Securit~~ Instrument.
~ 17. Transfer of the Property or a Beneficial Interest in Borrow~er. 1f all c~r any part of the Property or an}~
~ intere~t in it is sold or transferred (or if a beneficial ~nteretit in Bc~rrow~cr is sold or transferreei and Borrow~cr is not a na!ural
~ertion) ~ithout Lender's pricir written conunt. Lender ma~~, at itti option, require immediate payment in full of al! sums
secured b~~ this Security Instrument. H<~w~e~er, th~~ c~pti~m ~hall n~~s he exereised b}~ Lender if exerci~e is prohibited by
federal law ati c~f the date of thi5 Secunt}- Instrument.
If Lender exercities thiti option. Lender ~hall gi~e Horr~µer notice ~~f acceleratic~n. The nntice shall pro~~ide a period
~f not lets than ~0 da}~s fram the date the n~tice it delivered or mailed w~ithin w~hich B~rrow•er must pa}~ all sums secure~ by
this Securiry~ Instrument. If Borrow~er fails to pap these ~um~ prior to thc expiration of this period, Lender may in~~~ke any
remedieti permitted by thi~ Securit~~ [n,trument without further notice or demand on Horrower.
18. Borrow~er's 4ti~ht to Reinstate. If Borrow~er meets certain conditi~m, Borrower shall have the right to have
enfc~rcrment ~f ~his Securit} Instrument discontinued at an}~ time prior to the earlier of: (a) 5 days {or such other period as
appl~cahle laN rna} spe~•~t~y for reinstatement) before sale of the Yroperty pursuant to any ~wer of sale contained in this
` Securit} Instrument; ur (b) entry ~f a judgment enf~rcing th~s Security Instrument. Those conditions are that Borrow•er:
s (a) pays I,ender all sumti which then ~~ould be due under this Security~ Instrument and the Note had no acceleration
ocrur~ed: (b) cures an} default of any~ ather covenants or agreements; (c) pays all ex~nties incurred in enforcing this
Securit} (ntitrument, including, but not hm~ted to, reasonable attorneyt' fees; and (d) takes such action as Lender may
reasonably reyuire m aswre that the lien of th~s Security Instrument, Lender's nghts in the Property and Borrower's
obligation to pa}~ the sumti secured by this Secunty Instrument shail continue unchanged. Upon reinstatement by
~3orrower, this Securit}~ Instrument and the obligations secured hereby shalf remain fully efiective as if no acceleration had
occurred. Huwever, this nbht to rein~ta;e shall not appl}~ in the case of acceleration under paragra~hs 13 or 17.
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