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I tea- WN a 4 o . 89- 101615 If Lender required mortgage insurance as a condition of snaking the loan secured by this Security Instrument, Borrower shall pay the premiums required to maiaWa the insurance in effect until such time as the requirement for the insurance uerminata in accordant with Borrower's and Lender's written. aare=ent or applicable law. S. hmpeCUM Lender at its agent may make reasonable erttres.upon and inspections of.the Property. Lender shall give Borr+owernotice at the time of or prior tQSn inspection specifyig6 rodi amble cause for.the inspection. 4. Candewaatice. The proceeds of any award or claim for damagft, director consequential. in connection with any condemnation or ether taking of any part of the Property, or for cor:r*Mce in lieu of condemnation, are hereby assigned and shall be paid to Leader. In the event of a total taking of the Property, the proceeds shalt be applied to the sums secured by this Security Instrument, whether ar not. then, dqe, With any excess paid to Borrower. In the event of a partial taking of the Pcperty, , unite Borrower and Lend "Ce -agree in writing, the sums secured by this Security Instrument shall be re toed by the amount of the pmcee�a 4 ii94 br+ the folkwing fraction: (a) the total amount of the sutras secured imtttetlastely lieet'ore the taliija& dividehy-(b) tae ffir :mnarket value of the Property immediately before the taking. Any balanaa shall be paid to Bomar -` If the Property is abandoned 6� Borrower.. or if, after notice by Lender to Borrower that the condemnor offers to tsrake an award or settle a claim for damages, Borrstver fails to respond to Lead= within 30 days after ihe.date the notice is given, Lender is authorized to collect and apply the proceeds, at its option, elt�=tra restoration or repktii the Property or to the sums secured by this Securityfi�itrrnettt, whether or star: [Cron due. Unless bender and Borrower cdperwise agree in writi*: any applicat; * of (rrococ�b tp-, ,s ;I tat rz±sss d+ar postpone the due date of the monthly payments referred to itt paragraphs I ab+:E 2 or change the asntit 'of suchptr=M 10. Borrower Not Rekaset; Forbearance By Lender Not a Wi9fer. Extension of thtti !Z-.m for pivi t or modification of amortWdon of the sums secured by this Security Inst=ent granted by Lender to any sttO*Wor to interest of Borrower droll not operate to release the liability crdiijdFq i& Borrower or Borrower's successors is 'bl. Crest. Lender shag rnsL. be ireOred to commence proceedings aphir axty . successor in interest or refuse to extend Y c e for payment cr.O* ise: trztxlafy amortization of the sums secured ty,this Security Instrument by reason of any demand made by the otY.g%tcd rrtar Borrower's successors in interest. A;y forbearance by Lender in exercising any right or remedy shall not be.iwrs-t-er af'a4 preclude the exercise of any right or r�izedy. 11.. Swveswrs Md Atau ps Bbss* Joist sad SeveriL Liability; Co-sipera. The covenants and agreernestts of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to theprovisions of paragraph 17. Borrowees covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but does sub: execute the Note: (a) is co-signing this Security rnttirament only to mortgage, grant and convey that Borrower's interesvin the Property under the terms of this Security tatxrhmem; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees. that Lender wadi 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 w.fthout that Borrower's consent. 12. Lou Charges. If the loan secured by this Security Instrunm at is subject to a law which sets maximum loan charges. and that law is finally interpreted so butt the inteiYst or other loan charges collected ";to be collected in connection with the loan exceed the permitted• limits, then. (a) any such loan charge shall be raslu.ed by tl,rr: amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Berro wer whks c:vgeeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing; the principal owed under the Note or by making a direct payment to Borrower. If a refund redFmm principal, the reductim i will be treated as a partial prepayment without any prepayment charge under the Note. 13. Legkalatios Affecting Leader's Rights. if enactment or expiration of applicable laws has the effect of rendering any provision of the Nate or this Security Instrument unenforceable according to its terms, Lender, at its option, may requite immediate payment in bill of all sums secured by this Security Instrument and may invoke any remedies permitted 4 paragraph. l'3. If Lender exercises this option. Lender shall tats. the steps specified in th _ second paragraph of paragraph, 1.. 14, Notica. Any notice to Borrower provided for in this Security instrument shall be given by delivering it or by mailing it li3 first class mail un1mv applicable law requires use of another method. The notice shall be direetal to the 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 of any other address Lender d rsignates by notice to Borrower. Any notice provided for in this Sec:ur<ty Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15; Governing Law; Severab(lity. This Security Instrument shall be governed by federal law and the lzw of the jurisdictions in which the Property is located. In the event shat any provision or clause of- E pis Security Instrument or the Note conflicts with applicable law, such conflict shalt not affect other provisions of this Security rnrytrument or the Note which ca-t be given eff�ct without the conflicting. provision. To this end the provisions of this Security instrument and the Note are d& -fared to &- severable. 16. , #OMWee$ Copy. Basrawer shall be given one conformed copy of the Note and of this Security Instrument. 17. Irmashr of the Property'or a Bentflsial interest in Borrower. If afl or any part of r. ".e Property or any interest in it is sold or trrtosferred (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. If Lender exercises this option. Lender shall give Bormwer notice of acceleration. The notice shall provide a period of not le, Oian 30days from the date the notice is delivered nr retailed witl; its which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay, these sums rnor to the'expiration of this period, Lender may invoke any remedich permitted by ihis Security Instrument without further tuotice o: demand on Borrower. . l #i jtarrow s Right to Reinstate. If Borrower mertx-ceriaur LziodAiWis, ilurrowcr 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 applicable law may specify for reinstatement) before sale of the Property pursuant ttrany 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 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 ;Say the sums secured by this Security Instrument shall continue unchanged- Upon reinstatement by 1larrawer. this Srcunty Instrument and the ablsgattnnssecured hereby shall remain fully effective as if na acceleration had incurred Ifowever. this right to reinstate shall Lint apply in the case of acceleration tinder paragraph,. 13 or 17 1 7. �I -i