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r 1 L 1 10133& It If Lender required mortgage insurance as is condition of malting the loan secured by this Security Instr Men't;. Borrower shah 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 bender's written agreement or applicable law. fi. 1upcdom I,eudcr or its agentmaymaka reasonable entries upon and inspection's of the Property. Lender shall give Borrower noticeat the timeoforprktr to an inspection specifying reasonable cause ror the inspection. 9. Condematli a.- The proceeds afany award or claim for damages, director consequential, in connection with any condemnation or other taking of any par, of the Property, or for conveyance in lieu of condemnation, are herby . assigned and shall be paid to. Lcmderr. in the event of a total taking of the Impeny, tho proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with_ any,en cess 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 shall be reduced by the amount of the proceeds multiplied by-,the following fraction: (a) the total amount of the sums secured immediately before ihe.taking, divided by (b?.-thesfair rharltet value of-the Property immediately before the taking. Any balance shalt be paid to rawer. If the Property is abandonefty- Eo "rigiver, or if, after notice by Lender to Borrower that the condemnor offers to make 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 cellect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sums secured by this Security Instrument. whetherdr -not then due. Unless Lender and Borrawft r otherwise ague in wr tfing, any application of proceeds to principal shall irtit.extend.pr, postpone the due date of the monthly payments referred to paragraphs 1 and Z'erchange the amount dsuct pirymenW ` 10. Borrowrer. Not Released; Farbearaaae By Lender Not a Waiver. )extension of the time (.ir.:.paymem: a,r modification of amortization of the sums secured by this Security Instrument granted by Lender to any;sutcessai 6i. interest of Borrower shall not operate to releaLe the liability of the original Borrower or Borrower's successam'in interest: Lender shall not be required to commence ptceedings against any successor in interest or refuse to 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 Boritwer or Borrower's succeessars in interest. Any forbearance by Lender in exercising any right or remedy shall not be a wxw=— af or preclude the exercise of any right or remedy. 111. Saapesaara aael Aafgps Boaad; Joint and Several liability; Co- sigeers. The covenants and agreements of this Security Insttume znt shalt bind and benefit the successors and assigns of Lender and Borraarer, subject to the provisions of paragraph 17. Barnswer's covexants and agreements shall be joint and several. AnyBarrower who co -signs this Security Instrument but dM-n'Ot execute the Note: (;%I is co- signing this Security Instrument only to imnigage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pt`, the sums secured by this Security Instrument, and (c) agrees that Lender and any other Borrower maragree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borroweesconsent. 12. Lou Charges. If the loan secu:rod by this Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted w- 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 dw chiige in the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will` 1�e:i4uu4cri, to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or bX.mking a direct paymen.tto Borrower. If a refund reduces principal. the reduction will be treated as a:.. partial prepayment; without any prepaymeKnt� arge under the Note. 13.. Legisiaitua Affecting Lender's 94hts. If enactment or expiration of appUkab! -, laws has the effect of re:ndemguny provision of the Note or this Security Instrument unenforceable accardiug coils reams. Lender, at its option, may regaire immediate payment in full of a-3 sums secured by this Security Instrument and may invoke any remedies permitted by paragraph 19. If Lender exercisesthis opticit,. Lender shall take the steps �pecifmi im the second paragraph of paragraph 17. 14. Notices. Any notice to Borraw- erprovided for in this Security Instrument sriall be given by defNwring it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be di.recte d to the Property Address or any other address, Borrower designates by notice to Lender. Any nctice to Lender shall be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notiw provided for in this Security Instrument shall be deemed to have been given to Borrower or Len der when given as provided in this paragraph. 15. Governing law; Severability. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security lmrrutnent or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument 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 Instrument. i7. Transfer of the Property or a Beneficial Interest In Borrower. If•aff or any part of the Property cr any interest In it is sold or transferred (or if a beneficial interest in Borrower is sold or t. onsfc.;cd 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, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. IL Omawe: s Riot to Reiasiaie. 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 oft (a) 5 days (or such other period as applicable law may specify for reinstatement) before safe 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 mcurre:d; (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 obligation to pay the sums secured by this Security instrument shall continue unchanged. Upon reinstatement by Borrower. this Smunty Instrument and the obligations secured hereby shall remain fully effective as of no accclerattun had tucurred However- thicright to rernstateshell nut apply in the core of acceleratwu under paragraphti 13 nr 17 n` T I