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141625 If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument, Borrower shall 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 Lendees written agreement or applicable law. S. Imolodioa. Lender or its agent may make reasonable entries upon and inspections of the Property. I.etnder shall give Borrower notice at the timeofor prior to an inspection specifying reasonable cause for the inspection. 9. Coademaation. The proceeds of any award or claim for damages. direct or consequential, in connection with any condemnation or other taking of any part of the Property, or for canveyance 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 shnllibe applied to the sums secured by this Security Instrument. whether or not then due, with any cum paid to Borro>vtr. In the event of a partial taking of the Property. unless Borrower and Lender ctherwise agree in writin& the suttttrsecured by this Security Instrument shall be reduced by the amount of the pproce=- 4 Otiplied by the following fraction: (a) the total amount of the sums secured immediately before the taking,±44,Ued Lktjb) the fair market value of the Property immediately before the taking. Any balance shall be paid to 13orrawrt: If the Pro as' mooned by Borrower, or M a3sr cif, :ty Lender to Borrower that the condemnor offers to make an award ar' eas.dkaar damages, Borrowers M-!s to respond to Lender within 30 days after the date the notice is given. Lender is asiit�ii; aiaroaIiect and apply the prtc; at its oprion, either to restoration or repair of the Property or to the sums secumot 4 this Seddrity Instmment, whethrjcir not a= due. Unless Legs and Borrower otbirwi�z agree in writing, any application of proceed t-oprincipal shall not extel5dor , postpone the duedste of the monthly payments referce4 to in pa:�y--aphs 1 and 2 or change the amount of such psygeri% 10. Borrower Not Refused; Forbearance ftw 11awer Not a Waiver. - Extension of the time fb; payment or modification of amortization of the sums secured N1.Q s S=rity Instrument granted by Lender toamy:S.VEcessar in interest of Borrower shall not operate to release the liaci;itrox a , t he GK nal Borrower or Borrower's successors in �imerest. Lender shall not be required to commence proceedings against 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 Borrower's successors in t*' V :st. Any forbearance by Lender in exercising amy right or remedy shall not be a waiver of or pttic1aw'n the exercise of ans.cigNt or remedy. 11. Sacce ssers auto Aaaigaa Botttt d; Joint and Several Liability; Co•sipers. The covenants and agreements of this Security Instrument shall bind and beneut the successors and assigns of Lender and Borrower, subject to the provisi. ns of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrowwer, who co -signs this Secaaity Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and cam ey. that Borrower's interest in the LO'operty under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to ext=, -4 modify. forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. IL Loa n Ckarges. FC the loan secured by this Security instrument is subject to a law which sets maximum loan charges. and that law is firtalay interlxe ed so that the interest or other loan charges collected or to be collected in connection with the loan r:mwd the pemitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the perm fired limit; and (b) any sums already collected from Borrower which excwded permitted limits will be refunded to Borrcv-�r. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borcwwcr. If a refund reduces principal, the reduction ,&G- be treated as a partrrl! �rrpayment without any prepayment charge under the Note. VS. &q*stlon Affecting Leader's Rights. If enactment or expirae-iar of applicable laws Leis the effect of rendering arc.+ pm v, lion of the Note or this Security Instrument unenforceable acccn��:ng to its germs, Lender, at its option, may require i>s:wr iate payment in fatt jai all sums secured by this Security lnstrument and may invoke any remedies permitted by par*iph 19. If E-1r;r 'ra . *.ises this option, Lender shwV take Cite; steps specified in the second paragraph of paragraph 17. 14. Notices. Any rn art 16 Ber. ower provided for in this Seacx r; 2y Ens.: vment shall be given by delivering it or by mailing it by first class mail unless appit:r ble law requires use of another method. The neat ce shall be directed to the Property Address or any other address Sir —rower designates by nai;re to Lender. Any notice to Lender shall be given by first class mail to Lender's addraas stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security I,rM=ment shall be deemed to have been given to Haurower or Lender when g; �,en as provided in this paragraph. 15. Gorttitl Lair, Severabilitt.. This Security Instrument shatt be ga :-erncdd by federal law and theAaw of the jurisdiction in which fihe Property is locast!d.. In the event that any r mti t ate c.r .iause of (.Ws Security Instrument or the Note conflicts with applicable Law, such'ozrflict shall not affect other proviNrt;sof this Sesur�ny Instnvilmn or the Note which can be given effect without the cca.fizcting provision. To this end the prrivia�ms of this Security bvttmizent and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the vote and of this Security instrument. 17. Transfer of the Property or a Beneficial 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, requir a 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 taw asof 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. 11. Norrowees 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 of: (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 (h) entry of a judgment enforcing this Security instrument. Those conditions are that Borrower: (at pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration ( curred; (b) curers any default of any other covenants or agreements, (c) pays all expenses incurred to enforcing this Security Instrument, including, but not limited to. reasonable attorneys' fees; and (d) takes such action as Lender may reasonably require tit assure that the lien of this Security Instrument. Lender's rtghts to the Property and Ilnrrawer's i iMilauen to pay the sums secured by this Security instrument shat continue unchanged. Upon reinstatement by fltmawrer, this Security lnatruinent and Cite obligations secured hereby shall remain fully effective as if tit* acceleratiom had 4wti erne: Ilowei, rr, this right to reinstate shall tit t apply tit the ease i,f accelcrauun under paragraphs I 1 air I T Al i .i F4 i� -i