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-�.,. - �� ,�; -- -. I � 94^"10025� � If Lender requ'ucd mortgage insannce es�condition of making the la�� secured by this Security Instrument� Borrower sh�ll pay the premiums rcquired ta mainuin the insurance in�ftecc until such time as the requerement for the inaunnce terminues in accordance with Borrower's and Lender's�vritten��reeinent or�pplicable lMw. � a. Inipectioa. Lender or its agent m�y make reasonable entries upon and inspections nf the Yroperty. Lender shall give Borroxer notice at thr Hme of or prior to an inspection specifying reasonable cause for the inspectian. 9. Conde�oatlon. The proceods of any aaard or claim for dsmages,direct or consequential,in connxtion with � any condemnation or other taking of�ny part oP the Property. or for conveyance in lieu of condemnstion,ue hereby assianed and shall be ptid to Lender. In the event of a total taking of the Property,the proceeds shall be applied to the sums secwod by this Security Instrumeat,ahether or not then due,with any eacess p�id to Borrowet. ln the event of a partial taking of the Property, unkss Borrower and Lender otherwlae sgree�n wridng,the aums secured by this 5ecurlty lnstrument shvl be reduced by the amount of the proceeds multiplied by the following fraction:(a)the tota�l amount of the sums secured immediately befon the takinj,dividod by(b)tbe fiir muket value of the Property imm�distely before the tAlcing.Any balunce shall be �� paid to Borrower. If tht Property is abandoned by Borrower,or if,after notict by Lender to Barrower that the condemnor offers to make sn award or settle a claim for damages.Borrower fails to respond to Lender within 30 days after the date the notice is givea,I.endcr is authorized to coUect and�pply the proceods,at its option,either to restoration ar repair of the Property or : to the sums secured by this Security Instrument,whether or not then due. U�nless Lender md Borrower otherwiu agra ia writing,any application of�roceeds to principal shall not extend or postpone the due date of the monthly p�yments referred to in paragraphs 1 and 2 or change the amount of such payments. 10. Horrowu Not Released; Forbarana Hy Lender Not • Wd�er. F.�ctension of the time for payment or modi8cation of amortlzation of the swas seewed by this Socwity Instrument granted by Lender to any successor in interat of Borrower shall not opente to relesse the liability of the original Borrower or Bonower's successors in int�rest. Leader shall not be required ta cammencc procadings against any successor in interest or refi�se to eatend time for paymrnt or other�rise modify amortiution of the sums secured by this Security Instrumtnt by rason of Any demand made by the original Bornower or Borrower's succasots in intecest.Any furbearance by Lender in exercising any right or remedy a3:a11 not be a wraiver of or pmluslz the e�cercise of any right or raaedy. ii. Succawn awd Aaipu Bonad;Jai�t and Se�eral LiabWty;Ca�iQneri. The covenant�and aareements of this Security Instrutneat ahall bind md beneflt the auccessors and ssaigns of Lender and Borrower.subject to the provisions ' of paragnph l7.HorroMer's covenants and agraments shall be joint and several.Any Borrower who co-signs this Security � Instrumtnt but doa net racecute the Note:(a)is caaigning thia Se�urity Instrument only to mortgage,grant and wnvey that Borrower's interest in the Property under the terma�f tbis Security Instmment;(b)is not pe�sonally obligated to pay the aums socurod by this Security Inatrnmmt;and(c)agras thst Lender and any other Horrow►er mxy agtee to extena, �� :_ modify,forbear or mtke any accommodations with regard to the terms of this Security Instrument or the Note without thu Borrower's oonsent. �- 12. Lo�n Clear�q. If the loan sscured by this Security Instrumeat is subjeet to a law which sets maximum loan = chuges. and t6at laa is flnally interpretal so that the interest or other loan chuges collected or to be collected in �$ cannecrion with the loan eacad tha permitted limits, then: (a)any such loan chsrge shall be reduced by the amount = neassary to reduce the chuge to the permittod limit;snd(b)any sums already collected from Borrower which eacoeded = permittod liA�its wiU be refundod to Borrower.Lender may choose to make this refund by reducing the principal oMed '; = under the Note or by malcing a diroct psyment to Borrower.If a refund reduces principal,the reduction will be treated as a ? : paRisl prepsymeat without any grepsyment chuge under the Note. � 13. Le�it4Hoe Affallna Lender's Ri�bb. If rnactment or expira�tion of applicable laws has the etfect of rendering any provision of the Note or this Security Instniment unenforceable according to its terms.Lender,at iu option, ; may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies ' � permitted by puagraph 19.If Lender exercises this option�Lender shall take the steps specified in the second paragaph of ' i P�SnPh 17. '�►� 14. Notioa. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by muling it by first clau mail unless applicable law requires use of another method. The notice shall be directed to the �� Propaty Addras or any other address Borrower designates by notice to Lender.Any notice to Lender shall be given by � � ; � first clus mail to Lender's:ddreu stated herein or any other address L.ender designates by noticc to Bonower.Any notice provided'for in this Secwity Insuument shall be damed to have ban given to Bonower or Lender when given as provided in this puagtaph. . l5. Ggjernln�Iaw;Se�enbility. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note canflicts with applicable law.�uch con8ict shall not affect other provisions of this Security lnstrument or the Note which can be given effect without the conflicting provision.To this end the provisions of ihis Security Instrument and the Note are dxltured to be severable. 16. Borrower':Copy. Borrower shall be given one conforinod copy of the Note and of this Security Instrument. 17. Traeder o!the Properiy or s Bene8eitl Interat tn Borrower. If all or any part of the Property or any interest in it is sold or transferred(or if a beneflcial interest in Borrower is sold or transferred and 8orrower is not a natural person)without Lender's prior written consent,Lender may,at its option, require immediate payment in full of all sums secured by this Security lnstrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. �� If Lender exercises this option,Lender shall give Borrower notice of acceleration.The notice shall provide a period : _ _—_ of not less than 30 days from the date the notict is delivered ar mailed within which Borrower must pay all cums secured by • this Security Instrument.If Borrower fails to pAy thest sums prior to the expiration of this period.Lender may invoke any �� remedies permitted by this Security Instrument without futther notict or demand on Borrower. � 18.Borrower'�RI�6t to Reinstate. If Borrower mats certain conditions, Borrower shall have the right to have . enforcanent oP ini�:xcuritv l��ir umt,,.�;n;vui»,uai al any time prior tu the cariibr of:(a)3�iays�uy auL;�v�u�, }itPiv�.o� _s�� applicable law may spocify for rtinstatement)before sale of the Property pursuant to any power of sale contained in this �� _ � Security lnstrument;or(b)entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: � (s) pays l.ender all sums which then would be due under this Security Instrument and the Note had no acceleration accurred; (b)cures any default of any other cuvenants or agreements; (c) pays all eapenses incurred in enforcing this v � Security Jnstrument,inclu�ing, but not limited to, reasonable ettorneys' fees; and (d) takes such action as Lender may � reasonably require to assure that the lien of this Security Instrument. Lender's nghts in the Property and Borrower's �,�