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1 . 89-101039 1 If Lender required mortgage 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 terminates in accordance with Borrower's and Lender's written agreement or applicable law. 8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Preperty. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 9. Condemnation. 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. Ito the event of a total taking of the Pmpwy, the proceeds shall be applied to the sums secured by this Security Fbstminent, whether or not then due: with any excess paid to Borrower. In the event ofa partial raking of the Property. „iiiicss Borrower and Lender otherwise agree in writing, the sums secured by this security rnstrume-tnt shall be reduced by the amoatN -4 -the proceeds multippliC4 by the following fraction: (a) the total amatunt oFt a srtms secured immediately before tfier Acing, divided by (b) die l i trinarket value of the Property immediately ti fore: th�:takiisg Any balaircesltall be paid to Borrower. If the Property.is, abandoned: by Borrower, or if, after notice by L;iender to Borrower that the condettsn..... rjffers to make an award or settle mcfaiin fete: daiiiages, Borrower fails to respond to Vii= -ider within 30 days after the dat&lhilietice is given. Lender is authorized to cc' A�� d apply the proceeds, at its o tiorr; �hher to restoration or repair of thin Fart or B' � ppY P P. P 1.; y to the sums secured byt4is Security! fr. rumemt,. whether or not then due: Unless Lender amf porrower otherw i!.zc;ag'r'roe in writing, any anplii tm of proceeds to princi al shall;ttni;r grtd'iir; :' postpone the due data: Q1 Oe monthly paymerifi-I O.Ted to id paragraph) ; i imd,2 or change thtr arrtriltttt b sttirJe � yments. Its. narrower iii a�eieasea; Foroearaik�.- : Lem .riot a. hive,. Extension ti> :N ;i:;.titn(~ its i rent or 'modification of amortization of the sums secured i)k,this;.`Ior•uity Instrument g1 f {fib -by L�zit3t �.v'<5>~y,sabw or in interest of Borrower shall not operate to release the liability,:'i&1 ih origiu l 'Barrotatri u l3iat�rtir !M successors :r interest. Lender shall not be required to commence proceedings'agA};nsi any!•5ti[ sot, iii i]s(t i or n se to exter.`4 time for payment or otherwise modify amortization of the sums secured by this Stiais:itq Insiiiirr,rw t by remin of any demand made by the original Borrower or Borrower's successors in interest. •.Any forbear !tee by Lei *�� r an exercising any right o remedy shall not be a waiver of or preclude �2 exercise of any right at-comedy. It. Successors and Assigns Bound; Joint and Several Liability; Co-signers. 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 shall be joint and Feral. Any Borrower v 1hnicsrsigns this Security Instrument but does not execute the Note: (a) is co- signing this Security instrument only to more :,grant and convey that Bomorwer s, interest in the Property under the terms of this Security Instrument; (b) is not personally ob1igatted to pay the sums'sec:ued by this Security Instrument; and (c) agrees that Lender and any other Borrower may ngrez'tr.,� extend. modify, forbear or retake any accommodations with regard to the terms of this Security Instrument; or, the ]\ioir without that Borrower's cor.�rr._ 12. Loan Charges.... V the. loam secured by this Security Instrument is subject to a law %1-1-On sets maximum loan charges, and that law is fiizalFa li- aecpreted so that the interest or other loan charges collect:d or to be collected in connection with the loan excee`il i :br permitted limits, then: (a) any such loan char¢4 shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collects: from Merrower which exceeded permitted limits will be refunded to Borrower. 1j:nder may choose to rr,, -fie this refund by reduq;rtg the principal owe$ under the Note or by making a direct payment W 13orrower. If a refund rv�`t principal, the reduavil�, will be treated as a partial prepayment without any pren3cment charge under the Note. 13. Legislation Affecting 1,ev6fr's Bights. If eaa:z went or expiration of applicable laws has ?:tvr e,'ect of rendering any provision of the Note & f: