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r 1 89=- 100544 If Lender required tnortpge insurance as a condition of making the loan secured by this Security Instrument, Borrower airalI psy the premiums required to maintain the insurance in effect until such time as the rrquitttttent for the insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law. g. laspeetioa. Leader or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 9. Coadeaautatla. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the event of a total taking of 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 Borrower. In the event of a partial taking of the Property, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument sirO be reduced by the amount of the proceeds multiplied by the following .fraction: (a) the total amount of the sums stmedl immediately before the taking. divided by (b) the fair market value of the Property immediately before the taking. Ally baUAm shall be paid to Borrower. If the Property is abandoned by Borrower, or if, after notice by Leader to Borrower that tbe c mkm= offers to snake 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 colimt and apply the proceeds, at itzs optioq�ti either to restoration or repair of the Property or to the sutras secured by this Security Instrument, whether or not then due. Unless Lender arrd Borrower otherwise agree in writing, any applicaaiien of proceeds to principal *Wl not extend or postpone the due date of the monthly payments referred to in paragraphs I said 2 or change the amq ati of such payments. 10. Borrower Not Relaaaatd; Fwbearaseee By Leader Not a Waver. Extension of the teaser for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability cf the original Borrower or Borrower's, successors in interest. Lender shall not be required to coammee proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sumis secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successotts Lt. interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise c(say right or remedy. 11. Saccesaas sad Asatps Dow* JeW zeal Several I.Asibility; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the tuccessors andrassips of Lender and Borrower, subject to the provisions qEpuragmph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security leas nu=t but does not execute the Note: (a) is co- sigring this Security Instrument only to mortgage, grant and convey =_ tisat Rnrrr►v�r`a A in the Pmperev nsselwe tlu tams of Nile Can —jarfty Ifa imont- (h) it not ps_rcnnwtly ghtient"I to Ply the sums secured by this Security btstivmett; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 12. Lou C'llairgm If 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 other loan charges collected or to be collected in connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to seduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be.rsfunded to Borrower. Lender may choose to make this refund by reducing the principal owed `- under the Note or by mailing a direct payment to Borrower. If a refund reduces principal, the reduction: will be treated as a. partial prepayment without any prepayment charge under the Note. 13. Legbladoa Affecting LeAiees Rights. If enactment or expiration of applicable laws has the effect of rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender, at its option, ,may .require immediate payment in full of all SLITS secured by this Security Instrument and may invoke any remedies - kimitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of paragraph 17. 14. Notices. Any notice to Borrower provided for in this Security Instrument 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 Leader 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. 13. Goveraisg Law; Severraii[ #. This Security Instrument shall be governed fly federal law and the ttw, 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 Security Instrument or the hate which can be given effect without, the conflicting; provision. Td this end the provisions of this Security Instrument and the Note are declared to bti seve.'able 16. Borrower's Copy. Borrower shall be given one owformed copy of the Note and of this Security Instrument. 17. Ttraader of the Property era Beaeficlal Iaterest in Borrowei !fall or any part of the Property or any ,, interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lenders-prior written consent. Leader rnaaN at its option, require immediate payment in full of all sums secured by this Security Instrument.. However; this optim slWI not be exercised by Lender if exercise is prohibited by federal law as of the date of this Se=Aty Instrument. If Lender exercises this opdott,. 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 de#vered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pry these sums prior to the expiration of this period. Lender may invoke any . remedies permitted by this Security Instrument without further notice or demand on Borrower. 18. Borrowees Right to Relartate. If Borrower steels certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security 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) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this r~ purity Instrument, including. but not limited 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 rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by ` Borrower. this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. However. this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17.