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1 L 89-= 101778 If Lender required mottpgc innnum as a condition of making the toan secured by this Security Instrument, Borrower shall pay die prang n required to maintain the insurance in effect until such time as the r+egWrement for the insurance terminates In accordance witb BorMwer's and Lender's written agreement or applicable law. B. Inspeclket. Lender or its asebt may Make rmasoaabie entries upon and inspections of the Property. Lender shall give Borrower aWm at the time otarprior toan inspection specifyinE reasonable cause for the inspection. 9 Coedeaamdm Tire proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any put of the Property, or for conveyance in lieu of condemnation, are hereby aassigned and snail be paid to leader. In tbc.ci%=1 of a total taking of the Property, the proowds shall be applied to the sums secured .by this Security Ins ;aseszrt;.cn)ietilier or oat then due, with any excess paid tni Borrower. In the event of ar partial taking of the PWfq, unles Mlorwwerarid Lenderotherwise agree in wrcitifig, &- sums secured by this Swurity Instrument shall be redo god by foram 6t v T the proceeds multiplied by the fallowing ffm cfti : (a) the total amount ai'the. sutras secured immediately before the takid j aftvided by (b) the fair rr3 Art Value of the Property immediately before lbe string. Any balancr sball be palm io Borrower: If the Property is abandoned by Borrower, or ir, alter notice by Lender to Borrower that the condemnor og"eis to rna'U art award or settle a claim. for damages, Borrotiver 1uh to respond to Lender within 30 days alter the date the notice is g{ivev; Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the or t.06 he sums secured by this Security instrument, whether or not then due. Unless Leader and Borrower otherwise agree in waiting, any application of proceeds to principal shall not extend or pas itr on the due date of the manthly payments referred to in paragraphs 1 and 2 or change the amount •uf such payments. 10. Borrower Not Reitene Forbearance By. Lear Not a Waiver. Extension of the daif for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to. any successor in interest of Borrower shall not operate to release the liability' of theoriginal Borrower or Idonrriwees successors in interest. Lender shall not be required to commence proceedings agahisrany successor in interaii 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 Borrowces successors in interest. Any forbehrance by Lender in exercising guy right or remedy shall not be a waiver of or prechade the exercise of any right or remedy. 11. 3atressars annul Atslps Bottid; Joint and Setrtral Utbility; Co-sigrsem. The covenants and agreements of this Security Instrument shall bind and beitefit the successors and asAgns of Lender and Borrower, subject to the provisions of paragraph 17. Borrower's covenants atio agreements shall be joint and several. Any Borrower who co -signs this Security frustTument but does not execute the Note: (a) is cosigning this Security Instrument only to mortgage, grant and convey thaut Borrower's interest in the Property under the tennis of this Security Instrument; (b) is not personalty 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 aacommoda2ions with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 12, IA" Cbarges. 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 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 exeemded 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 d irect payment to Borrower. If a refund reduces principal, the reducticm will be treated as a partial prepayment without any prepayment charge under the Note. 13. Legislation AReetlarg Ltadees Rights. If enactment or expiration of applicable lawi -has the effect of rendering any provision of 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 pursvaph 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 applicable law requires use cif another method. The notice shall be directed Leo the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by t;QS;a „lass mail to Lender's address stated herein or array other address Lender designates by notice to Bionower. Any notice p: 'n iced for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. (,ovatilog Law; Seversbillty. TTnis 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 instrument or the Note conflicts with- applicable laser, such conflict shall not affect other provisions of this Security Insituntent or the Note wlikh'c�art be A ep effect without the conflicting provision. To this end the provisions of this Jecadly instrument and the Nolte ittt'dechuid'th be scvuttiile_ C6. Doesrawer's►Calsy. Borrower shalt be given one conf lmned copy of the Note and of this Security instrument. 17. Transfer of the Property or a bedellclpl Interest in Borrower. If all or any part of ilia Property or any int ta.V't in it is sold or transferred (or if a beneficial iniepest in Borrower is sold or transferred and Borrower is not a natural pep C i) 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 Leander if exercise is prohibited by federal law as of the date of this Security Instrument. If tender exercises this option, Lender shall etc Borrower notice of accelerallow The notice shall provide a period of not less than 30days 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 thesee 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. Ig. Burrowtes Rlgbt to Reinstate. If Borrower meets certain conditions, Borrowed shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earlier of. (a) S days (or such other period as applicable law may specify for reinstatement) before $ale 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 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, reastsaable attorneys' fees; and (d) takes such action as Lender May reasonably requite 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 shaft continue unchanged. Upon reinstatement by BUStOwtf, thmSecunty instn=vni and the obitgaucim secured hereby shall remain fully effective a:: if per acceleration had rxcurred 116wever. this right to reinstate: shall not apply in the case of acceleration under parargraph% 13 air 17 i Yf qh�p W r`