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b ' : ,, ,; ;t '•; .,: 200000�0 �9 , 9. Inspection.L.ender or its agent may make reasonable entries upon and inspecdons of the Ptoperty.Lender shall give Borrower notice at the time of or prior to an inspecdon specifying reasonable cause for We inspection. 10.Condemnation.The proceeds of any award or claim for damages,direct or consequential,in connecdon with any condemnation or other taking of any part of the Property,or for conveyance in lieu of condemnadon,aze hereby assigned and shall be paid to Lender. In the event of a total taldng of the Ptoperty, the proceeds shall be applied to the sums secuted by this Secutity Insttument,whether or not then due,with at4Y excess paid to Bortower.In the event of a partial taldng of the Ptoperty in which the fair mazket value of the Property immeiiately before the taldng is equal to or greater than the amount of the sums secured by this Security Insttument immediately before the taldng,unless Borrower and L.ender otherwise agree in writing,the sums secured by dus Security Instrument shall be reduced by the amount of the proceeds multiplied by[he following fraction:(a) the total amount of the�ums secuted immediately before the taldng,divided by (b) the fair market value of the Property immediately before the taldng.Any balance shall be paid to Borrower.In We event of a partial taking of the Property in which the fair mazket value of the Property immediately before the taking is less than the amount of the sums secured immediately before the taking,unless Bortower and Lender otherwise agree in writing or unless applicable law otherwise provides,the proceeds shall be applied to the sums secuted by this Security Instrumen[whether or not We sums are then due. If the Property is abandoned by Borrower,or if,after nodce by Lender to Borrower that the condemnor offers to make an awazd or settle a claim for damages,Bortower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to the sums secured by this Secutity Instrument,whether or not then due. Unless Lender and Bonower oWerwise agree in writing,any application of proceeds to principal shall not extend or postpone the due date of the montlily payments referred to in paragraphs 1 and 2 or change the amount of such payments. 11.Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortizadon of the sums secured by this Security Insttvment granted by Lender to any successor in intcrest of Borrower shall not operate to release the liability of the original Borrower or Bortower's successors in interest.Lender sha11 not be required to commence pmceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortizadon of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Bottower's successors in interest.Any forbeatance by Lender in exetcising any right or remedy shall not be a waiver of or preclude the exercise of any right or temedy. 12.Successors and Assigns Bound;Joint and Several Liability;Co-signers.The covenan[s and agreements of this Secutity Insuvment shall bind and benefit the successors and assigns of Lender and Bortower,subject to the provisions of paragraph 17. Borrower's covenants and agreements shall be joint and several.Any Borrower who co-signs this Security Instrument but does not execute the Note:(a)is co-signing this Security Instrument only to mortgage,grant and convey that Borrower's interest in the Property under the terms of this Secutity Insuument;(b)is not personally obligated to pay the sums secured by this Security Insuument;and(c)agrees that Lender and any other Borrower may agree to extend,modify,forbear or make any accommodations with regazd to the teims of this Secutity Instrument or the Note without that Borrower's consent. 13.Loan Charges. If We loan secured by this Security Insttument is subject to a law which sets maximum loan charges,and that law is finally interpreted so that the intcrest ot other loan charges collected or to be collected in connection with We loan exceed the permitted limits,then:(a)any such loan chatge sha11 be reduced by the amount necessary to reduce the chatge to the permitted limit;and(b)any sums already collected from Bortower which exceeded permitted limits will be refunded to Borrower.Lender may choose to make this refund by reducing We principal owed under the Note or by maldng a direct payment to Bortower.If a refund reduces principal,the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 14.Notices.Any notice to Bortower pmvided for in ttus Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method.The notice shall be directed to the Ptoperty Address or any other address Borrower designates by notice to Lender.Any notice to Lender shall be given by first class mail to Lendei s address stated hereir.or 3ny other address;..ender designatrs liy nbtice to Borrower.Any notice pmvided for in this Security Instrument sha11 be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15.Governing Law; Severability.This Security Instrument shall be governed by federal law and the law of the jurisdiction in wluch the Property is located.In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law,such conflict shall not affect other provisions of this Secutity Instrument or the Note which can be given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note are declazed to be severable. 16.Borrower's Copy.Bortower shall be given one conformed copy of the Note and of this Security Instrument. PaO�4 017 NE-2079-0EB9