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• � � 90--= ioo��. s � If I.ender required mort�a�e inaurance as a condition of making the losn secured by this Secnrity lnstrnment, 3orrower shall pay the premiums required to maintain the inwance in et!'ect uat�l such tlms�s the requiranent for the insurance terminates in accordance witb Horrow�r's and l.ender's written aarament or applicable 1�M. 8. ��""..va. L�,�de;a;iw��t r.�y m�l::r.�as�abt�c�tri�u�sa�d 3sL��iQn�nf t�w Prog�rty. L�n�!�r �ba11�ive Horrower notice at the time of or prior to�n inspection�pecif�ing rasonable cause for�he inaptctlon. 9. Coadeawdoa. The procecds of�y awud or claim for dunages,dlrect or consequential,in cannxii�n with any condemnation or other u►kfn�of any psrt of the Property� or for conveyance in lieu of condemnation,are herehy at�i�ned�nd�hall be paid to Lender. ln tha event of a toUl akin�of the Pmperty,the proceeds shall be applied to the sums aecvred by thi�Security Instrument,Mhether or nat theA due,�vlth any eaccas pdd to Borrower. In the event of s pardal takinj of tbe Property. unleu Horro�ver and Lender othenvise ap+ee in�►ritin=�the sums secwed by this Sacurlty Instrument shall be rednoed by the amoant of the prooeeds multiptied by the follcNln�fi�ction: (�)the total smount of the wra�aocured immadiately befon the takln��divided by(b)the fair muket value of the Property immediuely before the taking.My balance shall be p�id to BornoNer. If the Property i�ab�ndoned by Barro�vcr,or if,atter notice by Lender to Borrower thit the coademnor oR'ers to make an��rud or settle�claim for duns�es,Horroaer fails to respond to Lender within 30 dsya after the date the notice is �iven,I�der is authorized to coAxt and spply the proceeds,at its option,either to restoration or repair of the Property or to the awns tecwed by tbis Secwity Instrumeat�ahether or not then due. Uulea I,ender and Borrower otherNiae sgree in writing,any application of�rocads to principal�hall not extead or pcntpone the due datc oPthe monthty payaarnts referred to in puagraphs 1 and 2 or change the smount of sucb psymenb. 10. Borrower Not Rde�ued; Forbaeanee By I.eade� Not a Wd�er. Eatension of the time for payment or mod�8cation of amortiudon of the aums aecured by this Secwity Instrument granted by Lrnder to any successor in lnterat of BorroNU shall not operate to rele�ae the liabAity of the original Borrower or Borrnwer's successon in iaterest. Leader�hall not be roqaited to wmmerece procxedings against any succasor in intaat or refuse to extend tin:e for p�ymait or otl�a�►ix madif�r unordution of the sums secured by thia Security Instrumtat by reason of emy demand made by the oripn�l BomoMer or Horrower's aucceswrs in intera�My forbarance by Lender in eaercising any right or remody shaU aot be s�va9va of or preclude the exerciss of any ri�ht or remedy. ii. Sroas�oes�ad Artpu BoM�d;Jot�t aod Se�enl Lttblltq,Co��i�seri. The covenantS�snd sgrek�nents of this Security Instnimeat�W bind u�d beneAt the suocawn�ad aui�ns of Le»der and Borrower.subjoct to the psovisions ' of para�raph 17.Horrow�er's ooverrants and aFamenU shaU be joint and several.My BorroNer who co-sign:this Security ' Instrumeat but doa not execute the Note:(a)is co-si�ning tbis Security Instrument only to mortg�ge,grant and coavey . that Hormw►er'a interat in the Property under the temu of this Security Instrument;(b)is not persona]ly obligated to pay the sums secured by tbis Securitv Inswmmt;md(c)a�uem tliat Lmder and am other BorroMet m�y��ra ta extend, modify.fosbat or malce u�y accomm+odations with�regard to the terms of this Security Instrument or the Note aithout =� . thst Bortow►er's conxnt. � - i�. Loiw t��. If the loaa secured by thia Socurity Instrument is subjxt to a law which sets maximum loan . --_ ehar�a. and that la�► ei MiUy interprcted so that the intereat or other lwu� chugw wllected or to be collxted in �� c�onnection wrltb the lan exceed the permitted limits,then: (a) any such loan charge shall be reducsd by the amount i s• neeaary w reduce the chu�e to the petmitted limit;�ad(b)any swns alrady collected from Borrower which eaccoedod � `;� permitted limits will be ret�nded w Borroaer.Lender msy choose to make this nfi�nd by raiucing the princip�l owed �� — uader the Note or by makin�a direct p�ymait to Borrower.If a rePoad reduces principal,the roductian will be trated as a � partW pnpayment�vithout any prepayment chuge under the Note. 13. Le�blatlon Alte�ti� IRader's Riskts. If enactment or expiration of applicable laws hps the eRe�cct of � renderini any provision of the Note or this Secwitiy Iaatrument unenfom,eable according to iu teims�Lender,at its option, � may reqwre immediate psymrnt in full of all aums aecwed by this Security Instrument snd m�y invoke aay remedics ; permitted by puagnph 19.If Lender exerciaes this option,LeAder shall ta3ce the sups speciRed i�the second puagraph of � � pa�agraph 17. � 14. Nodas. Any notia to Borrower provided for in this Secwity Instrument shall be given by deGvering it or by ::�.f, mailing it by flnt cl�ss mail unlas applicsble law requires use of unother method. The notice shall be directed to the : .�• Property Addreas or any other�ddras Borrower designaus by notice to Lender.Any notice to Lender shsll be givrn by � 8rst class mail to I.eader's addreas stated herein or any other address Larder designates by notice to Bonower.Any notice providad�'or in tbis Security Instrument shaU be damed to have been given to Borrower or Lender ahen given as provided in this pua�rapb. 13. G�eeni�Lw;Se�eeabilily. Th�a Sece�rity Instrnment shall be governed by federal law and the law of the jurisdiction in ivhich the Property is located.In the eveat that say provision or clause of this Security lnstrument or the Note conflicts�vith applicable la�v�sucb conflict shall not affxt other provisions of this Security lnstrument or the Note whiob can be given e�ect without the conflicting prorision.To this end the provisions of this Secnrity Instrument and the Note ue dxlared to be sevenble. � 16. 8orrower's Co�y. Borrower shall be given one conforrreed copy of the Note and of this Security Instrument. i�. T�u oi the Prop�rty or a BeneAclal Ieterat ia Borrower. If a11 or any part af the Property or any intarat in it is sold or tnusferred(or if s beneficial interest in Horrower is sold or transferred and Borrower is not a natural person)without Lender's prior written consent,Lender may.at its opdon,require immediate paymrnt in full of all sums secured by this Security Instrument. However,this option shall not be exercised by Lender if exercise is prohibited by fedenl law as of the d�te of this Security Instrument. If I.onder eaercises 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 notice is delivered or mailed within which Borrower must pay all sums secured by ' this Secutity Instrument.If Bonower fails to pay these sums prior to the eapiration of this period,L.ender may invoke any � repnedia permitted by this Security Instrument without further notice or demand on Borrower. ls.Borrowe�'�Ri�ht to Reie�te. if Borrower mats certain conditions, Borrower shall have the right to have i . _ enforcemtnt of this Socurity lnstrument discontinued at any time prior to the earlibr of:(a)S days(or such other period as ' applisable law may specify for reinstatement)before sale oP the Pmperty pursuant to gny power o!sale contained in this � ! Security lnstrument;or(b)entry of a judgment enforcing this Security lnstrumt:�t. Those conditions are that Bottower: ��— (a) p�ys Ltnder all sums wh'rch then would be due under this Socurity Instrument and che Note had no acceleration occurred; (b)curGS nny defiult of any other covenants ar agneements; (c) pays a11 expenscs incurred in enforcing this � SeGUrity Instrument, including. but not limited to, reasonable attomeys' fees; and (d)takes such action as Lender may � rasor►:bly res�uire to assure that she lien oP this Sxurity Instrument, Lendtr's nghts in the Property anc! Borrnwer's �� obliption to pay the sums securod by this Security Instrument shall conttnue unchanged. Upon ranstatement by ' Borrowet,th�s Secunty Insr,rument and the obligat�ons securai hereby shaU remam fully effec[�ve as if no acceltrat�on hnd '' '� �� oeeurreA.However,this nght to reinstat�shAl1 not apply m the case of acceleraaon under paregraphs t?�r i? �