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I � 90�-=10�44� � lf Lender required mortgage insurance as a conditian c�f making the (o�n secured by this Security Instrument, 8orrow�er shall pay ihe prerniums required to maintain the insurance ia e�'ect until such time as the requirement f�r the imoraneP te�minates in accordsnce n�ith Horrou�er's and Lcnder's ti�rittea agrcemcnt or applicabl�law. 8. Inspectlon. Lender or its agent may make reasonable entries upan and inspections of'the Pr�perty. Lender shall give 8orrower notice at the time of or priar to an inspection specifyiog reasonAwle cause Por the inspection. 9, CondemnAtion. The proceeds of any award or claim for damages,direct or cansequential,in connection with any condemnation or other taking of any pan of the Aroperty. or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. � In the event of a total taking af the Property, the proceeds shall be applied to the sums secured by this Security Instrument,whether or not then due,with any excess paid to Horrower. In the event of a partial taking af the Property, unless Borrower and Lender otherwise agree in writing,the sums secured by this Security Instrument shall be reduced by the amou�t of the proceeds multiplied by the fallowing fraction:(a)the total amount of the sums secured immediately bcfore the taking,divided by(b)the fair market value of the Property immediately before the taking.Any balance shall be paid to Borrower. lf the Propeny is abandoned by Bonower,or if,after notice by Lender to Borrower that the condemnor oflers to make an award or settle a claim for damages.Borrower fails to respond ta Lender within 30 days after the date the notice is given,Lender is suthorized to callect and apply the proceeds.at its option.either to restoration or repair of the Propeny or to the sums secured by this Security Instrument,whether or not then due. Unless Lender and Horrower otherwise agree in writing,any application of proceeds ta principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 10. Borrowe� Not ReleASed; Forbe�trs�nce By Lender Not a Waiver. Extension of the time for payment o: madificatian of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to rclease the liability of'the original Borrower or Borrower's successors in interest. Lender shall 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 Instrument by reason af any demand made by the original Borrower or Honower's successors in interest.Any forbearance by L.ender in exercising any right or remedy shall nut be a waiver af or preclude the exercise ot'any right or remedy. 11. Successors and Assigns Bound;Joint and Several Liability; Co-sigaers. The covenants and agreements of ' this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower,subject to the provisions � of paragraph 17.Borrower's covenants and agreements sha11 be joint and several.Any Barrower who casigns this Security Instrvment but does not execute the Note:(a)2s casigning this Security Instrument only to mortgage,grant and convey that Banower's interest in the Property under the terms of'this Security Instrument;(b)is not personally obligated to DaY � ` � tne sums secured by this Security Instrumeni;and(c)agrees that Lender and any ather Borrower may agree to extend, --_ modify,forbear or make any accommodations�vith regard to the terms of this Security Instrument or the Note without that Bonower's consent. • 12. Loan Charges. !f the loan secured by this Security Instrument is subject to a law which sets maximum loan = � charges, and that law is finally interpreted so that the interest or ather loan charges collected or to be collected in - connection with the loan exceed the permitted limits, then: (a) any such luan charge shall be reduced by the amount — � necessary to reduce the charge to the permitted limit;and(b)any sums already collected fram Borrower which exceedea �; ,— ' permitted limits wi11 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 Bonower.If a refund reduces principal,the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 13. Legisladon ARecting Lender's Rights. If enactment or expiration of applicable laws has the effect of � rendering any provision of the Note or this Security Instrument unenforceable according ta its terms,Lender,at its option, ; . may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies permitted by paragraph 19.If Lender exercises this option,Lender shall,take the steps specified in the second paragraph of paragraph 17. 14. Notiees. Any notice to Borrower provided for in this Security Instrament shall be given by delivering it or by `�" mailing it by first class mail unless applicable law requires 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 �. first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice ' provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. Governing Lsw;Severability. This Security lnstrument shall be gaverned 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 conflicts with applicable law, such conflict shall not affect other provisions of this Sccurity Instrnment or the Note which ean be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severabl�. 16. Borrower's Copy. Sorrower shall be given one conformed copy of the Note and of this Security Instrument. 1'I. Transfer of the Property or a Beaeficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transfer:ed(or if a 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 option, require immediate payment in full of all sums secured by this Security Instrument. 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,Ixndet shall give Borrnwer nntirP�}'arrP(eration.The noti�e 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 cums secured by this Security Instrument.If Horrower faiis to pay these sums prior to the expiration af this period,Lender may invoke any • remedies permitted by this Security Instrument without further notice or demand on Borrower. . � i$.Fsorrower's Right to Reinstate. If Borrower meets certain conditions, Borrower sha11 have the right to have enforcement oPthis Securiiy Instrument discontinued at any time prior to the earlier ot:{a)5 days{or such other perivd as e�1 L applicable law may specify for reinstatement)befvre sale of ihe P:operty pursuant to any power of sale contained in this �r Sccurity Instrument;or(b)entry of a judgment enforcing this Security instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration `� occurred; (b)cure-s any defai�lt of any other covenants or agreements: (c) payti all expenses incurred in enforcing ihiti �p Security Instrument, including. but nnt limited t��, reasonbble attorney�' fers; and (d) takcs tiuch action ati l.ender may �►.�� reasonably reyuire to assurr that the lien �f this Security Instrument, I.ender'ti right� in the Pr��perty and F3nrrc�wer's �' �. obhga��cm ta pay the Sumti tiecured by this Security Instrument tihaU c�ntinue unch�n�;ed l'�on rrin�tatement hy '' '� Hnrrnwer,ihiti Secunly Intitrumrnt and the��hligatton�tiecured hereby�tihall rema�n fuUg efTech�e c��.if nc�cirreler.ifion h�d <�ccurred H��wr�cr.th�s right tu rcin�,latr shall n��t arply�n thc c.�tir irf acccicr:�Unn ut�dcr��ara�r:�rhti I��,r 17 , �