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2oo�oao� �� :,:: 9. Inspection.Lender or its agent may make reasonable entries upon and inspections of the Properry. Lender sha11 give Bonower notice at the time of or prior to an inspection specifying reasonable cause for t.he inspection. 10.Condemnation.The proceeds of any award or claim for damages,direct or consequential,in connection with any condemnation or other taking of any part of the Property,or for conveyance in lieu of condemnation,are hereby assigned and sha11 be paid to Lender. In the event of a total taking of the Properry, the proceeds shall be applied to the sums secured by this Security Instrument,whether or not then due,with any excess paid to Borrower.In the event of a partial talcing of the Property in which the fair market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the taking,unless Bonower and Lender otherwise agree in writing,the sums secured by this Security Instrument sha11 be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately before the taking.Any balance shall be paid to Borrower.�n the event of a paztial taking of the Property in which the fair market value of the Property immediately before the taking is less than the amount of the sums secured immediately before the taking,unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall be applied to the sums secured by this Securiry Instrument whether or not the sums are then due. If the Ptoperly is abandoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to make an award or settle a claitn for damages,Borrower 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, exther to restoraUon or repair of the Ptoperry or to the sums secured by this Securiry Instrument,whether or not then due. Unless Lender and Borrower otherwise agree in writing,a.ny application of proceeds to principal shall not extend or postpone the due da te of the monthly 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. Fa�tension of the time for payment or modification of amortization of the sums secured by this Security Insttument granted by Lender to any successor in interest 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 proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Insttument by reason of any demand made by the original Borrower or Borrower's successors in interest.Any forbeazance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12.Successors and Assigns Bound; Joint and Several Liability;Co-signers.The covenants and agreements of this Secutiry Instrument sha11 bind and benefit the successors and assigns of Lender and Bortower, subject to the provisions of paragraph 17. Borrower's covenants and agreements sha11 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 Securiry Insttvment;(b)is not personally obligated to pay the sums secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,modify,forbear or make any accommodations with regard to the terms of tlus Security Insttument or the Note without that Borrower's consent. 13.Loan Charges. If the loan secured by this Securiry Instrument is subject to a law which sets maximum loan charges,and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits,then: (a)any such loan charge sha11 be reduced by the amount necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower.Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. 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 Borrower provided for i,n this 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 sha11 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 L.ender's address stated herein or any other address Lender designates by notice to Bortower. Any notice provided for in this Security Instrument sha11 be deemed to have been given to Bortower or Lender when given as provided in this paragraph. 15.Governing Law; Severability. This Securiry Instrument shall be govemed by federal law and the law of the jurisdiction in which the Ptoperty is located.In the event that any provision or clause of this Securiry 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 declared to be severable. 16.Borrower's Copy.Borrower sha11 be given one conformed copy of the Note and of this Security Instrument. Page 4 of 7 NE-2081-0899 . - _ __. —_. ._ 3 s