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1 g9.�101056 If Le xW required mortgage insurance as a condition of making the loan secured by this Security Instrument, I Borrower shall pay the premiums required to maintain the insun %ce in effect until such time as the requirement for the in»tentimates in accordatace with Borrower's and Lender's written agreement or applicable law. R taapseWMIL I,eisder or its agent may make reasonable entries upon and inspections of the Property. bender shall give 8brrower noticeat the time of or prior to an inspection specifying reasonable cause for the inspection. 9 Coodenewdon. The proceeds of any award or claim for damages, director consequential. in connection with any candannation or other taking of any part of the Property. or for conveyance in lieu of condemnation, me hereby assigned and ahalF be paid to Linder. In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security Irtttrutment, whether or not then due; with any excess paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Linder otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the anwunt afthe proceeds multiplied by the following fraction: (a) the total amount efthe sums, secured immediately before the taida& divided by (b) the fair market value of the Property immediately before the giro &. Any balance shall be peed to Bowater. If the Property is abandoned by Bores,, or. if, after notice by bender to Bor*a+vx that the condemnor offers to make an awa4or settle a claim for damages, %l smwer fails to respond to Lender within 30days after thedate the notice is given. Laufirci§ anthotized t ©colle+c> am E, 4* proceeds, at its option, either to m6mviom or repair of the Property or to thesamri edby,thisl m=M- y- endue. iTiilta s Lender arch &strirviezct �p,;x an writing, any application of procedsto principal shall not extend or p rma Lie due date of t W M nifily payflimis rdcired to in paragraphs I and 2 or change the amoWt of such payments. IQ, . ,Homwa Not Relwed; Forbahuae By Lender. Not a Waiver. Extension of the tense 'i'or payment or i i6dri` tend da'n of amortization of the stuns secured by thfk'Sririty Instrument granted by Lender. iQ link w=essor in interest of Borrower shall not operate to release the liability: arthe original Borrower or Borrower's saccessom in interest. Leader shall not be required to commence proceedings against any successor is interest or refuses -too extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower orBorrowees successors iq interest. Any forbearance by Leaderin exercising any tight or remedy shall not be a waiver of or preclude tlseexercise of any tight drre maedy. 11. Seceamors and A ft w Monad; Joint ad Seterg Liability; Ca-ai 1pem The covenants and agreements of this Security Instnrmentshall bind and benefit the successors and assigns of L.er;der. a d l ouciwes. subject to the provisions of paragraph 17. Borrot+r&S covenants and agreements shall be joint and several. Any Borrower who co-signs this Security - , instrument but does not execute the Note: (a) is rte- signing this Security Instrument only to mortgage. grant and conve' ;• iT that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the suuns secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree Lo =read- modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Noss vats: that Borrower's consent. 12. Loan Chmm e. If the loan secutrtf by this Security Instrument is subject to a law which sets maxim-'=1=1 charges, and that law is finally interpreted sir that the interest or other loan charges collected or to be co',�a ' in connection with the loan exceed the pe mimed limits, then: (a) any such loan charge shall be reduced by theta unt f necessary to reduce the charge to thaw p awittal limit; and (b) any sums already collected from Borrower which e; .tdedi permitted limits will be re)andod to Borrower. ,L alder may choose to make: this refund by reducing the principzf aid: under the Note or by creaking a direct payment wflorrower. Ifa refund redumn principal, the reduction will be treu:ed a* z P" prVnymett witIzut any prepayment charge under the Note. M. Lembiatlon Affectlss L Wer's Rights. If enactment or expiration of applicable laws has the drl4 :t of renderatg any provision of the Note or this Security Instrument unenforceable according.to its terms. Lender. at its' ap *.ion, any regaim unmediate payment in full of all sr nos secured by this Security Instrument and may invoke any remedies permitted fry paragraph 113 - If Lender exercises this option, Lender shall take the steps specified in the second paragraph of paragraph 17_ 14 Notices. Any art!w to B�rrower provided for in this Security Inswatmme sbizll be ginn by delivering it or by mailing it by first class mzd unless applicable law requires use of another m xhod. The notice shall be directed to the Property Address or any, other address Borrower designates by notice to Lend-.-r. Any ao :ice to Loader shall be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to !grower. Any notice provided for in this 5ectiMy Instrument shall be deemed to have been givers to Borrower or Lender when given as pruvidW� in this paragraph. 15. Com+erales Law; Sevtrabflity. This Security Instrument shall be governed by federal law and the few• olu the jurisdictica its which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with tmheable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given efret:t without the conflicting provision. To this end the provisions of ibis Security Instrument and the Note are dedued to be severable, 16. Harrswetr's Copy. Bomawer shall be given one conformed copy of the Note and of this Security Instrument. 17. Treader of tie Property or a BeneticW Interest is Borrower. If all 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 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. ifLenderexercises this option, Lender shall give Borrower notice ofacceleration. 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. IL Borrower's Rigit to Reinstate. If Borrower meets 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 4 applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this L Security instrument; or (b) entry of ajudgment 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 !Vote had no acceleration occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this r` Security instrument, including, but not limited to. reasonable attorneys' fees; and (d) takes such action as bender may — reasonably require to assure that the lien of this Security Instrument, Lender's rights to the Property and hortower's oblilatmon 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 haJ -. occurred. However, this rata to 'reinstate shall not apply in thecase of acceleration under paragraphs 111 or t 7 'F