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:� 1 � .�.,.. �4 � 100277 r IP Lendor required mortgagc ia�sarAnce as a condition oP making the loan secured by this Sccurity lnstrnment, t BorroKer shall pay the,premiums reyuired ta maintain the insurance in effect until such time as the requirement for the insurancc terniinat�s in accardsnce with R�rr�w�r'�a�ci 1�nd�r's written�greemet�t o�spplics�Ie Zs+:�. 8. lnspection. L'cndet or its agent may make reasonable entries upon and inspections of the Pr�perty. Lender shall g�ve Bonower notice at the time of or prior to an inspectian specifying reasonable ca�se for the inspeccion. 9. Condemaation. The proceeds of any award ur claim for d9mages,direct or consequential,i�connection with ' any condemnation or other taking of any part of the Property. or for conveyunce in lieu af candemnation, are hereby assigned and shall be paid to Lender. ln the event of a total taking of the Property. the proceeds sha1)he applied to the sums secured by this Security Instrument,whether or not then due,with any excess paid to Borrower. ln the event af a partial taking of the Property. unless Borcower and Lender otherwise agree in writing,the sums secured by this Security lnstrument shall b.reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amaunt of the sums secured immediately before the taking,divided by(b)the fair market valuc�P the Praperty immediately before the taking.Any balance shall be , paid to Borrower. li'the Property is abandoned by Bonower,or if,after notice by Lender ta Borrower that the condemnar offers to make an award or settle a claim 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.either to restoration or repair of the Property or � to the sums secured by this Security Instrument,whether or not then due. Unless Lender and Borrower otherwise agree in writing,any application af praceeds to principal shall not extend or postpone the due date of the monthly payments referred to in parasraphs 1 and 2 or change the amount of such payments. 10. Horraeer Not Released; Forbe�trance By Lender Not a �Vaiver. Extension of the time for payment or modification of amortization of'the sums secured by this Security Instrument granted by Lender to any successor in interest of Horrower shall not operate to release the liability af the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest ar refuse ta extend time for payment or otherwise mod'.fy amortization of the sums secured by this Security Instrument by reason of any demand made by the original Bonower or Bonower's successors in interest.Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or precludo the exercise of any right or remedy. 11. Successors and Assigas Hound;Joint and SeverAl Li�bility;Casigners. The covenants and agreements of � • � this Security Instrument shall bind and beneflt the successors and assigns of Lender and Borrower,subject to the provisians � of paragraph 17. Borrower's covenants and agrcements shall be joint and several.Any Bottower who casigns this Security • . Instrument but does not execute the Note:(a)is co-si�qning this Security Instrument only to mortgage,grant and convey � , that Borrower's interest in the Property under it►.:terms of this Security Instrument,(h�ic nnt nPrsnnally�h�j�aat��n r�Y I_._�: the sums secured by th'ss Security In§trument;and(c)agrees that Lender and any other Borrower may agree to extend, � �w modify,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. � - 12. i.aan Charges. If the l�an secured by this Security Instrument is subject to a!aw 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 = oonneetion with the loan exceed the permitted limits, then'(a)any such loan charge shall be reduced by the amount '