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� _ �.. � - 1 � ��"� �,�'3 J V� � If Lcnder requircd mortgage insur�nce ss a condition of making the t�an secured hy this Security lnstrument, Bonower shall Ra4 the premiums required t�maintai� the insurance in�ffect until such time as t':e requirement for the insuranec terminates in accardance with Harrower's and Lender's written Agreement or Applicable law. 8. Ies'ectivn. Lender or its a�ont mey mske repsonablE entrics upon�nd inspections of the Preperty. Lender ' shall give Sarrower notice at the time oPor prior tn an inspection specifying reasonable cause for the inspection. j 9. Condemnation. The praceeds of any award or claim for damages,direct ar consequential,in cannection with � any condemnation or other taking of any part af the Property, or for conveyance in lieu of condemnation, Are hereby � assigned and shall be paid to Lender. ► In the evrnt of s total taking of the Praperty,the praceeds shall be applied to the sums secured by this Security � Instrument.whether or not then due,with any excess paid to Bonower. ln the event of a partial taking of the Propeny, � unless Horrower and Lender otherwise agree in writing.the sums secured by this Security Instrument sha11 be reduced by the amount of'the proceeds multiplied by the fallacving fraction: (a)the total amount of the sums secured imme�iately befare the taking,divided by(b)the fair market valuG of the Property immediately before the taking.An�balsnce shali be ; paid to Bonower. � If the Property is abandaned by]Bonower.or if.after notice by Lender to Borrawer that the condemnor affers ta � make an sward or settte a claim for damages,Barrower fails to respond ta Lender within 30 da}�s a�ter the date the natice is • , given�Lender is authorized to collect and apply the proceeds.at its option.either to restoratnon or repair of the Property or . � t�t1.t��.n��.��r�rl i+�t�ic SwrLnt�is.strn��rt,whrther or not then due. � Unless Lender and Borrower atherwise agrce in writing,any application o1'ptoceeds to principal shall not extend or � postpone the duc date of the monthly payments refened to in paragraphs 1 and 2 or change thc amount of such payments. � 10. Borrower Not Released; Forbeannce By I.ender Not a W�ive�. Extension af the time for payment or modiftcation of amortizati�n af the sums secured by this Security lnstrument granted by Lender to any successor i� � interest of Horrower shall not operate to�elease the liability of the original Borrower or Horrower's successorg in interest. j Lender shall not br required to commence proceedings against any successar in interest ar refuse to extend time for . payment or otherwise modify amortization of the sums secured by this Sccurity Instrument by reason of any demand made by the original8orrawer or Borrower's successors in interest.Any forbearance by Lender in exercising any right or remedy • shall not be A waiver aPor preclude the exercise of any right or rcmedy. � 11. Suceeswn and AMi�Bound;Joiet aed Severnl Liability;Casignere. The covenants and agreements of � this Security Instrument shall bi�d and benefit the successors and assigns af Lender and Borrower,subject to the pravisiors � of paragraph 17.Borrower's covenants and agreements shall be joint and several.Any Borrower who casigns this Security _ Instrument hut dons net cxecute the Nota(a)is co-signing this Security Instrument only to mortgage.grant and convey '• that Barrower's inttrest in thc Property under the terms of'this Security Instrument;(b)is not persona]Iy obligated to pay ; .:��_� ' the sums 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 Borrower's consent. � 12. Lo�n Chuges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan = � charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in — : conneetion with the loan eaceed the permitted limits, ihen: (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 Bonower. Lender may choose to make this refund by reducing the principal owed � under the Note or by making a direct payment to Borrower. lf a refund reduces principal,the reduction will be treated as a : partial prepayment without any prepayment charge under the Note. 13. I.egialation Affecting I.ender's Rights. If enactment or expiration of applicable laws has the effect of : rendering any provision of the Note or this Security Instrument unenforceable accarding 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 i permitted by paragraph 19.If Lender exercises this option,Lender shal)take the steps specified in the second paragraph of paragraph 17. 14. Notices. Any notice to Borrower provided for in this Security Instroment shall be given by delivering it or by �` mailing it by first class mail unless applicable law requires use of another method. The notice sha!{ be directed to the . I Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any ather address Lender designates by notice to Borrower.Any notice ' provided for in this Security Instrumcnt shall be deemed to have been given to Borrower or Lender wl�en given as provided _- in this paragraph. IS. Governing Law;Severability. This Security Instrument shall be governed by federal law and the law of the : 2urisdicti�n in which the Pruperty is located. In the event that any provision vr clause of this Security lnstrument 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 confliciing pravision. To this end the provisions of this Security Instrument and the Note ar�declared to be severable. 16. Borro�er's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 1'7. Transfer of the Property or a Beneflcial Interest in 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 ail sums secured by this Security Instrument. However, this optian 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 shaU give Borrower notice of acceleration.T'he notice shall provide a period • of not tess than 30 days fr�m the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If$orrower fails to pay these sums prior to the expiration of t6is period. Lender may in�•oke any remedies permitted by this Security Instrument without further notice or demand on Borrower. � 1S.Borrower's Right to Reinstate. lf Horrower meets certain conditions, $orrower shall havc the right to have enforcement of this Security Instrument discontinued at any time prior to the carlier of:(a)5 days(or such other period as �� � applicable law may specify for reinstatement)before salc of the Property pursuant t�any p�wer of sale contained in this � Security Instrument;or(b)entry of a judgment enforcing this Security lnstrument. 7'hose condieions are that 8orrower: (a) pays Lender all sums which then would be duc under this Security Instrument and thc Note had no acceleration �� occurred; (b) cures any default of any other covenants or agreements: (c) pay� all expenses incurred in enforcing this � Security Instrument, intluding, but not limited to, reasc,nable atFOrneys' feeti; and (d) takes such action as Lender may �tl1 reasonably require to assure that the tien of this 5ecurity ]nstrument, l,cnder's nghts in thc Property and Barrower'ti �� obligation to pay the sums secured by this Secunty Ins4rument shall cor�tinue unchanged. l)pain reinstatement by •� 8orrower,this Security Instrument and the�bl�gation5�ecurcd hereby�hall remain fully rffective a�if ne�acceicrati��n had occurred.H�wever,th�s right to reinstate shall not apply in the c�itie��f acceleration under par�igraphti 13 c�r 17 � �