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89=' 1.01455 If Lender required mortgage insurance as a condition of making the loan soured by this Security Instrument, Bgrro rah ird t vaquired to maintain the insurance in dfeet until such time as the requirement for the in r'lfii ceivith Borrower's and Lender's written agreement orBpplicable law. llttr� • 1F, s agent may make reasonable entries upon and inspections of the Property. Lender s ofor prior to an inspection specifying reasonablecuuse for the inspection. 9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other, taping of any part of the Property. or for conveyance its' 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 ft sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. In the event iif a partial taking of the Property. unless Borrower and Lender otherwise agr in writing; the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by tL- following. fraction: (a) the total amounti of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower. If the Property!is abandoned by Borrower, 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 withir t 30 days after the date the notice is given. Lender is authorized to collect and apply the proceeds, at i is,oi Lion, eii 'ter to rt :t6vion c - repair of the Property or to thesums secured by, this Security Instrument, whether or not then due_ Unless Lender and Borrower otherwise agreein writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs i and 2 or change the amount of such payments. 10. Borrower. Not Released Forbearaaae By Lender Not s Waiver. Extenton of the time for payment or modification of amortization of the sums secured by this Security Instrument gmated by Lender to any successor in interest of Borrower shall not operate to release the liability of cite original Borrower or Borrower's successors in interest. Lender shall not be required to o=mence proceedings agaftL -t 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 Borrower or Borrowers successors in interest. Airy forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude: al-e exercise of any right or remedy. 11. Sterceswrs and Asst m Bound; Joint and Several Liability-, Ca-deem The covenants and agreements of this Security knstrument shall bind andbenefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. Borrowe rscav -.=Ts and agreements shall be joint and several. Any Borrower who co-signs this Security IInsasurneat but discs not execute the Note. (a) is co- signing this Security Instrument only to mortgage, grant and convey the, BoTroraer's interest in the Property under the terms of this Security Instrument; (b) �s not personally obligated to p'ky the sums secured by this Security Instrument; and (c) agrees that Lender and any oth:pr Borrower may agree to = xtena; modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 12. Loan Charger!. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, and that law is finally intr-rpreted 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. Lwder may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Sarrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepaym -It charge under the Note. 13. Legislation Affecting Ltak er's Rights. If enactment or expiration of applicable laws has the effect of rendering any provision ci'the Note or this Security instrument unenforceable according to its terms, Lender, at its option, may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies permitted by paragraph 19. If Lender exercises this option. Lender shall take the steps specified in the second paragraph of paragraph 17. 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless zpplicable law requires ute of another method. The notice shall be'6irected to the Property Address or any other address Borrower designates by notice to Lender. Any notice to tumder shall be given by firsa class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be daecned to have been given to Borrower wr Lender when given as &ovided in this paragraph. 15, Governing Law;.Severtiiia.� :ty. 711 -3 Security Instrument shall be governed by federal law and the 1'.asx of the jurisdiction in which the Llaoperty as located. In tree event that any provision or clause of this Security instrument or the Note conflicts with applicasEe lair, such conflict ska;l not affect other provisions of this Security In,_crument or tl;e Note which can be given effect wv ,,hour tfie conflicting provision. To this end the provisions of this Security Instrument: nruy 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 Icrsr; ;Men G. 17. Transfer of tie Property ore Beneficial Interest in Borrower. If all or any part of E'ae Property ur ar�y interest in it is sold or transferred (or if 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 hy. t-Ms Security Instrument. However, this option shall not be exercised by Under if exercise is prohibited by federal law aw of the date of this Se=icy Instrument. If Lender exercises this option, Lender shall give Borrower notice of acceieration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within wh h Borrower must pay all sums secured by I his 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. 18. Borrower's Right 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 o1: (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 L 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 obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Bnrrower, this Security instrument and the obligations secured hereby shall remain fully etfecuve as of no acceleration had occurred However, this right to) reinstate shall not apply in the case of acceleration under paragraphs 13 or 17. IF ke 1. r` rr• -