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`- 101999 It Lead" required mortgage insurance as a condition of making the loan secured by this Security instrument, Borrower stall pay the premiums required to maintain the insurance in effect until such time as the requirement for the insurance terminates is samdance with Borrower's and Lender's written agreement or applicable law. iL ime1Ns. Leader or its aunt rosy make reasonable entries upon and inspections of the Properly.' Lender shall give Borrow" notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 9. CmWlesa sMNa. The proceeds of any award or claim for damages. direct or comMuentiul. in connection with any condemnation or other taking of any part of the Property. or for conveyance in 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 the sums secured by this Security laarumeat, whether or not then due. With any excess paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Lender otherwise agree in writing, the sums secured by this Security instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount 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 adandoned 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 Leader within 30 clays after the date the notice is W%V, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or - r *Mk sums secured by this'$ecurity Instrument. whether or not they due. Unless . �s•apd Ij wer otherwise agree in writing, any aWkation of procure iari : ptri,�I aW 4fi�.• not exre:7 s,%r, : ?: 1: i zone the +itae 9tke of ai usmthly payments referred to in paraypkj �s 1 and 2. or ;h' t ii'r` 1nCr , nl -such ch a �, t' fI► Barreeikf Not ice; ltorheatasee By leader Not 'a !>?AtiviRrr. Ext z.tzf tjtc t? M PO t atodific�:: 1i tv t, stiution of the summs•: o : is tit ed by this Security J#t,;r harem : d by E errr�rd fiz any sir `=, Or ITLAV . of Borrower ' '.'not operate to reIease;it�fr; iitsbility of the origitu ll::l3±vr? l >vie- or, rrbwer -5 a,r�r.�sor c? i Arest. fair `.sT'all not be ,.•". required to commence pram .fts against any successor.i bid l: or:r?:fuse to eaJr c�''tiiirs.fi x pri�rnent or adlerwise modify amortization of the sums. saaued by this Security [nst;uittc i :lip; i A n of any: 04n4n d.` Mirrdi; .iy a the original Borrower, or Borrower's successors in:.ihlraxrrt. Any forbearance by -!'=t�itlt ' in i4'xi piing atry.f7 jgti.wtr r 4 shall Rot. bur a wai'.v4e: k or ip Wude the exercise of itaj r�bt or remedy. i ` •11. Saeeemrs and "'Agivas Bound; Joist and' Rversl Liability; Co- signers. The covenants and xfgt tf3, rsr:riii ..: �' Security Instrument shall bini and benefit the successor; and assigns of Lender and Borrower, subject to ttte'provisiottr Of paragraph 17. ,3wn;pvWs covenants and agreements shall be joint and several. Any Borrower who co-signs this 5ccuii y , Instrument but <'.r,es nx rwtute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's intertec ill, Rrc;erty under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by tfIm 3ucici?v lustrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, is forbear or make amy uscommodations with regard to the terms of this Security Instrument or the Note without that . i+ Borrower's consent. 12. Loci Charges. 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 to be in charges collected or collected 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. 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 reduces principal, the reduction will be treated as a partial prepayment wihout any prepayment charge under the Note. 13. it egWatios Affecfte Leader's Rights. If enactment or expiration of applicable laws 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 paragraph 17. 11. 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 of another method. The notice shall be directed to the Plrbperty 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 a ❑y other address Lender designates by notice to Borrower. Any notice i provided for in this Security instrument shalt be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. teerNsg Law., Severablilty. This Security Lxstrument shall be gavemed by federal law and the law of the jurisdiction in which the Property is located. in the event that any provisions cr: clause of this Security instrument or the Note conflicts with applicable law. such conflict shall not affect other provisions of this Security Instrument or the Nwe which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and dire Note are declared to be severable. 16. Bsmowsr'a Copy. borrower shall be given one conformed Copy of the Note and of this Security instrument. 17. Thwfer of The lroprey 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 pen) without Leda prior written consent. Lender may, at its option, require immediate payment in full of all sums secure& by this Security Iutixument. However. this option sh&II not be exercised by Lender if exercise is prohibited by federal law as of taw date of this Security Instrument. It Lender exercises this option, Lender shall Auer.. Borrower notice of acadiir: don. The notice shill tx•at ide a period of - mc:E'kss than 30 drays from the date the notice is dt.h."t :d cr rt:iicd :bin which -.he.Lorrowe Mist pay sUs"sums scoured by "�Security -- instrument. If Borrower fails to pay these sums prior M,d3e expiration of this vaLld. Lender may invoke any - Mrwdies permitted by this Security instrument without, further notice or demari: cn Borro%M. li. Mrrowsr s Right to Relaotate, If Borrower meets certain conditiprt_q,;. Borrower shall have the, right to have eesforcement of this Security Instrument discontinued itv any time prior to the ea ter of. (a) 5 days (or s;�Ot other period .as applicable law may specify for reinstatement) before sale of the Property Pursuant to any power of sae 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) I cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security instrument. J includeag. but not limited to. reasonable attorney's fees; and (d) lakes 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 tom•. by this Security 1111111M MI shall continue unchanged. Upon reinstatement by Borrower. this Security instrument and the obligations secured hereby shall remain fully effective as it no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17. s