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� � ....� eC_7 If Lender required mortgage insurance as a condition of making the loan secured b�thi'9y�uro'ity�lnst��ent, Gorrower shall pay ihe premiums required tq maintain the insurance m eltecl until such time as the requirement ior the - i�su�ar�ce terr�iinates in accurciance with Sorrower's and Lender's wrrtten agreement or appticable law. � 8. (nspectlon. Lender or its agent may make reasoneble entries upon and inspections of the Property. Lender shait give 8orrower�otice at the tima a1 or priur to an lnspect�on s�ecitying ceasonable cause for the�nspection. 9. Contlemnatlon. The proceeds ot any award or cla�m tor damages,d�rect or consequent�al,m connection with � � any condemnation or olher t�kinn nt any��rt nt tha p�Q�,A�ty, or tor ccnvey�ncc in tieu o4 candor�ination, are hareby 8ssig�ed and shall be paid to Lender. In the ovent ot a iatai iai�ing ui ti►e F�uNrriy, ihe prnceecis shait ee apphed to the sums secured by this Security �� Instrument,whether or not ihen due,with any excesa paid to Borrower. In the ovent o1 a part�al tak�ng o1 the Prope�ty, � unless�orrower and Lender otherwise agree in wnting,the sums secured by this Securlty Instrument shall be reduced by � the amount ot the proceeds multiplied by ihe follow�ng iraction (a) the total amou�t oi the sums secured�mmediately before the taking,diwded by(b)the fair market value o}the Property�mmed�ately before the taking.Any balance shall be • paid to 8or�owe�. It the Prope►ty is abandoned by Borrower,or i1,alter not�ce by Lender to Borrower that the condemnor offers to make an award or settle a alaim for damages,Borrower fails to respond to lender within 30 days afte�the date the notice is � � 9iven.Lende�is authorized to collect and apply the praceeds,al its opt�on,either to restoration or repair oi the Propeny or • to the sums secured by this Security Instrument,whether or not then due. � Unless Lender and Borrower otherwise agree�n writ�ng,any application of proceeds to pnncipal shall not extend or � postpone the due date of the monthly payments referred to i�paragraphs t and 2 or change the amount oi such payments. � 10. Bor�ow�r Not Rtl�aa�d; Forbearaece By L��d�► Not a Watr�r. Extensia� of the timo tor payment or � modification of amortization of the sums secu►ed by this Security Insttument granted by l.ender to any successor in � interestof Borrowe�shall notoperateto release the Nability of the original Borrower or Borrower'ssuccessors in interest. • Lender shall not be requi�ed to commence proceedings against any successo�in interest or refuse to extend time tor � payment or otherwise modliy amortization.oi the sums secured by this Security Instrument by reason of any demand made by the original8o��ower o�Borrower's successors in interest.Any forbearance by Lender in exe►cising any right or 1 �emedy shall not be a waiver of or preclude the exercise of any right or remedy. i11. Sucesson andAs�iyns Bound;Joint and Seve►al Liabllity;Co-signers. The covenants anci agreements o1 this • ? Security Instrument shaU bind and ben2tit the successors and assigns oi�ender and Borrower,sub�ect to the provisions i of parag�aph 17. Borrpwe�5 covenants and agreements shall be joint and several Any 9orrower who co-signs this ; Secunty Inst�ument but does not execute the Note:(a)is co-signing this Secunty Insl�ument only to mortgage,grant and • � conveythat Borrower's interest in the Property under the terms o!this Security Instrument;(b)�s not personatly obligated � � to pay the sums secured by this Security Instrument;and(c)agrees tha4 Lender and any other 8orrower may agree to � extend,modify.torbear or make any accommodat�ons w�th regard to the terms o1 th�s Security Instrument or the Note � � without that 8orrower's consent. `- 12. LOae Charge�. H the loan secured by this Security Instrument is subtect to a law which sels maximum I�an - �"--� Cherges, and that law is ti�ally interpreted so that the interest or other loan charges colletted or to be catleCted in - • ConneCtion with the loan exceed the premi;ted lim�ts,then: (a) any such loan charge shall be reduced by the amount ; necessarytoreducethechargetothepermittedlim�t:and(b)anysumsalreadycottectedTromBorrowerwhichexceeded - ; permitted timits wilt be retuncled lo Borrower Lender may choose to make this retund by reduang the principal owed under the Note or by making a direct payment to Borrower.lf a refund reduces pnnc�pal,the reduct�on will be treated as a partial prepayment without any prepayment charge under the Note. - 13. LegitlstionAffectingLender'sRights. Ifenactmentorexpirationofapplicablelawshastheetfectoirendering ' any provision ot the Note or this Secunty Instrument unenforceable according to its terms.Lender, at its option,may require immediate payment in full oi all sums secured by th�s Security Instrument and may invoke any remedies permitted ; by paragraph 19. Ii Lender exercises this oplion. Lender shall take the steps specified in the second pa�agraph of � ' paragraph 17. � 14. Notices. Any notice to Borrower prov�ded for in this Security Instrument shall be given by delivering it or by _ � mailing it by first class mail unless applicable law requ�res use of another method. The notice shall be directed to the � � Property Address or any other address Borrower designates by notice to Lender.Any notice to Lender shall be given by '�— i first class mait to lender's address stated herein or any other address Lenderdesignates by notice to8orrower.Any notice ;� � provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when gfven as provided � in this paragraph. _ , , 15. Goveming Law;Seve�ability. This Security Instrument shall be governed by federal law and the law of the � jurisdiction in whiCh the Property is tocated.In the event that any provis�on or clause of this Security Instrument or ihe � � Note conflicts with applicable law,such conflict shall not afiect other prov�sions of this Security Instrument or the Note � i whiCh can be given eif�ct without the conflicting provision.To th�s end the prov�sions ot this Security Instrumentand the { Nate are declared to be severable. j 16. 8o�rower's Copy. BorrOwer shall be gfven one con}ormed copy ot the Note and of thfs Security Insfrument. 1T. Trentler O1 the Property or a Beneticia!Interesf in Barrower. If all or any part o!the Property or any interest in ' ; ii is soid or transferred(or if a benefiaal interest in Borrower is sold or transterred and Borrower is not a natural person) . without Lender's prior written consent,Lender may,at its option,require immediate payment in full ot atl sumssecured by this Security Instrument.Ho Never,this option shall not be exerc�sed by Lender�f exercise�s prohibited by federal law as ot the date of this SeCUrity Instrument. ! !f Lenderexercises this option.Lender shall give Borrower not�ce o1 acceleration The not�ce shall provide a period � of not less than 30 days from the date the notice is delivered or ma�led with�n wh�ch Borrower must pay all sumssecured by this Security Instrument.H Borrower lails to pay these sums prior to the expirat�on ot this period,Lender may invoke any remedies permitted by thiS Security Instrument without furiher notice or demand on Borrpwer ► - "� 18. Bo►rower's Eiight to Reinstate. 'I1 Borrower meets certain condctions. Borrower shall have the nght to have � enforcement of this Security Instrument discontinued at any t�me pnor to theearlier of:(a)5 days(or such other period as � applicable law may specity for re�nstatement)before sale of the Property pursuant to any power ot sale contained in this � Security tnstrument:or(b)entry of a judgment enforcing this Security I nstrument.Those cond�tions are ihat Borrower.(a) � ... �-- -- — �°��°flL�Pi3l�St!^.^.8:•:�l��h!hQn�re�:l�}?Qt'3�Q;1!t(j�Cl�tSvvCiltiiy�a;�c��enianacneivotena�noacce�erationoccurretf: � � �o= (b) cures any detault of any other covenants or agreements; (c) pays all expenses incurred �n eniorcing this Security � Instrument,including,but not I�mited to.reasonable attorneys'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 obligdtion to pay � the Sums secured by this Security Instrument shall Continue unchanged Upon ieinstatement by Bor�ower.this Secunty f� Instrument and the ob{igations secured hereby shall rema�n fully effectrve as�f no ar.ceterat�on had occurred However. � th�s nght to re�nstate shall not a,pply �n the case ot acceleration under paragraphs 13 or 17 � �. o, � �• . 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