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89-- 100895 tf.l3.ender required mortgage insurance as a condition of making the loan secured by this Security Instrument, 13cOM Wto shalt pay the premiums required to maintain the insurance in effect until such time as tht requirement for the inn. m n,ce terminates in accordance with Borrower's and Lender's written agreement or applicable law. C Ttmpeetlot:. Lender or its agent may make rasornable entries upon and inspections of the Property. Lender shield Siva Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. fi Coodwaimitim The proceeds of any award or claim for damages, direct or consequential, in connection with my cea demnatdon or other taking of any part of the Property, or for conveyance in lieu of.condemnation, are hereby as ws.-dandshall be paid to Lender. )n the event of a total taking of the Property, the procxds shall be applied to the sums secured by this Security Isrammedt, whether or not then due; with any excess paid to Borrower. In tho event of a partial taking of the Property, urb ss Borrower and Lender otherwise agree in writing: the sums secured by this Security Instrument shall be reduced by tbessnount of the proceeds multiplied by the following-fraction. (a) the total amount of the sums secured immediately befCe the taking, divided by (b) the fair market vain of the Property unmadiately before the taking. Any balance shall be 1724013orrower. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to matt tan award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the inodmis . f6'vvvA Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or oat1a sums secured by this Security Instrument, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall notemtend or ggatpone the-due date df the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 10 l9tarmwer Not Redew* Forbearartese By Leader Not a Waiver. Extension of the time for nayrntent or dificati oi~aurtortiion of the sums secured by this Security Instrument • granted by Lender to any successor in .eat Qf Borrower shai3 not operate to release the.iiability of the original Borrower or Borrower's successors in interest. , gender shah, =t be required to commence pings against any successor in interest or refuse to extend time fer.. payment or oCr swise modify amortization of the sums secured by this Security Instrument by reason of any demand tee' by the otioc*SlBorrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or aeme:{y shall not be asvaiver of o rpreclude the exercise ofany right or remedy. 11. ' Soeer!aaots aasd Aaaims Bound; Joint seed Severed Lfsbilitr Co4fgpera. The covenants and agreements; of, this Security.instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions',- O paragraph 377. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument bat does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey that Borro*es interest in the Property under terms of this Security Instrument; (b) is not personally obligated to pay the sutras secured by this Security Instrument; 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 Borrot>ves consent. IX Loam (Marge. If the loan secured by this Security Instrument is subject to a law which sets maximum. toad charges, and that law is finally interpreted so that the interest or other loan charges collected or to be edl'ecbri in omnection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the arnimnt necessary to reduce the dkarge to the permitted limit; and (b) any sums already collected from Borrower which exree6d . permitted limits will W refunded to Borrower. Lender may cbmse to makt this refund by reducing the principal cwO , under the Now or by mak nS a direct payment to Borrower. If a Tdund reduces principal, the reduction will be trial. , d, as a partial prepayment without any prepayment charge under the Note. 13. Legislation A feetiag Lesdeesa R40r4s, If enactment or expiTatims of applicable laws has the Weft of rendering any provision -of the Note or this Secuhty Instrument unenforceable according to its terms, Lender, at its optics', may require immediate payment in frill of all sums secured by this Security Instrument and may invoke any rc tedies permitted b9 paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second p> #X.aph of paragraph 17, 14. Notices. Any notice to Borrower provided for in his Security Instrument shall be given by delivering it or by mailing it by first class trail unless applicable law requires use e1 another method. The notice shall be directed to the Property Address or any other address Borrower designates inj notice to Lender. Any notice to Lender shall be given by first class =W to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided rosin this Security Instrument shall be deemed to have been given to Borrower ar Lender when given as provided in this paragraph. .19. Govemlas I&M Severability. This Security Instrument sal be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provi en or clause of this Security Instrument or the Note conftu with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Norte which can be given effect without the conflicting provision. To this end the provisions of this Security Instrurawt and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrumemt. 17. Tramder of the Property or a BeeefdeW Interest in Borrower. If all or any part of the Property or a_z y interest ip it rs sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not & Ctdia person) vraNjut Lender's prior written consent. Lender may, at its option. require immediate payment in full of; atf ,:mss. secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is proh bhtd C.; Feral Lacer 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, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 19, nor: owez s 8141 to Relas:me If roos- rower rrteets certain conditions, Borfowe-r shall have the right tv have enforcement of this Security Instrument discontinued at any time prior to the earlier of. (a) 5 days (or such other period as L 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 attomeye 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 Propery 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 shalt remain fully effective as if no acceleration had incurred. however, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17. i In rw r' � a J