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ss- , 100850 If Lender required mortMe insurance as a condition of making the loan secured by this Security Instrument, Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the insurance tet'mioate s is accordance with Botroweet and Lender's written agrament or applicable law. IL Iaalwdest. Leiter of its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time ofor prior to an inspection specifying reasonable cause for the inspection. 9. Condetautiotr, 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 Pwperty, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reftkaed by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the taking, divided by (b) the fair madwt.value of the Property immediately before the taking;. Any balance slsali be paid to Bormwrer. If the Property is abandoned by Bonowm or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for c==ages, Borrower fails to respond to Lender within 30 daysafter the date the notice is given, Uadw is authorized to collect and apply the proceeds, at its option, either to restoration or repay of the property cc to the suits secured by this Security Instrument, whether or not then due Unl escs - Lender and Borrower otherwise agreeia writing, any application cif proceeds_to principa s Khali not e � Cc, postpone the ire date of the monthly payments referred to in paragraphs I and Z er chaW. the amouna am *, �' ' 10 ham mw Not Releaee� 1Forbearawe By Leader Not a Waiver Bxrelon of the �e for ;mayL_.t or modificatieo of amortization of the sums scarred by this Security Insbumeat granted by Lendw to any successor m interest of Borrower shalt not operate to release the liability of the originaE Bc-rawer or Borrowers sL caesson in interest. Lender shall not be required to eortmzence proceedirip against any successor in intent or refuse to extend time for payment or otherwise modify amort7zadon of the sums secured by this Security Instrument by reason of any demand made by the origt d- Borrower or Bonowerssacceesors in interest. Any forbearance by Lerndecin tsercisiag any right or remedy shall not beawaiverofor preclude tlteexercise ofa:eyright or remedy. 11. Staeretsass and Aarttps Botnift Joka art Several Lability; Cei psem The covenants and agreements of thin Security Instrument shall bind and benefit tlle successors and assigns cf Lender and Borrower, subject to the provisions of paragraph 17. Borrower's covenants and agmeiaents shall be joint and several. Any Borrower who cosigns this.S:--rrity Instrument but does not execute the Nam: (a) is co- signing this Security Instrument only to mortgage, grant atui cetrvey that Borrawees interest in the Property udder the terms of this Security Instrument; (b) is not personally obligatted'to pay the sutras secured by this Security Ines xcnent; cad (t) 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. Loma (harps. If the Beare secured by this Security Instrument is subject to a law which sets maximum loan charges, and that law is finally intacprued 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 reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direa payment to Borrower. if a refund reduces principal. the reduction will be try as a Partial Prepayment without any prepayment charge under the =Milne. 13. Leeblatbe A9ketimg Leader's Riots. If enactment or expiration of applicable laws has the•c xt of =fig any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at ins' option. may require immediate payment in full of all sums secured by this Security Instrument and may inxit- ke.arny r=edies permitted by paragraph 19. If Lender exercises this option, Linder shall take the steps specified in thc•t rid parmncph of .. Faragraph 17.. 14. • Natlem Any notice to E- arrower pracided for in tiiis Security Instrument shall be given. byi 64i'vrring it or by mailing it by first dust mail unless applicable law requires use of another method. The notice shalf 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 ohm mail to Lendees address ss s ad herein or any other address Lender designates byaotice to Borrower. Any notice provided for in this Security Instrummi: shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. Goverment Ism, SeveraWlity. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Flwperty is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, watch conflict shall not affect other provisions of this Security Instrument or the Note which can be green effect without 1howca nflicting provision. To this end the provisions of this Security Instrument and the Note are dedarrA to be severable. IC Swrower'ai Copy. Borrower shall be given one conformed cape of the Note and of this security Instrument. 17. Traamhr oldie Property ors Be■efieW laterat fe Borrows: Kali or any part of the Propeny or any interest in it is sale! or transferred (or if a beneficial interest in Borrower 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. 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 Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lotter may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower, lg. lg - 's Mau to Pd-a —tin. If llonOwer u ;eels tixrtam conditions, Borrower shall have t^ne 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 Security 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 -�- obltpatron to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower. this Security instrument and the obligations secured hereby shalt remain fully effective as if no acceleration had incurred. However, this right to reinstate shall not apply in the case j)f acceleration under paragraphs 13 or 17 . , • . --1 ", 'A 'v r•