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8. 141988 If Leader 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 terminatesin accordance with Barrowers and Lender's written agreement orapplicablekw. B, Impecdea. . JAmder or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower noticent the time of or prior to an inspection specifyingreasonable cause for the inspection. 4. Condensation. The proceeds of any award or claim for darnages, direct or consequential, in connection w;th 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 Instrument, 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 tine raking, divided by (b) the fair market value of the Property immediately before the takid& Any balastce shall be paid to Bomwer_ : Vzb c Pz6 is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make aiii ,cr stele a claim for damages, Bmower fails to respond to Lender within 30 days r tier the date the notice is w givew Ltzde ris authorized to cofl&t and apply the proceeds, at its option, either to restoration or repair of the Property or to theslsecured by this Security Instrument, whetheror not then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due dater of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 10. So Not Released; Forbearance By Lender Not a Waver. Extension of the time for payment or modification of amortization of the sums seared by this Security Instrument granted by Lender to any succesw. -iii. .: interest d-.8orrower shall not opeme to rc!.ez�-- the liability of the original Borrower or Borrower's successors in inter Sender s iall not be required to cctmene.::, p. TuOeedings against any successor in interest or refuse to extend Vini fby payment or otherwise modify amora :.ties ca rtt'�sums secured by thtsSesa!rity Instrument by reason of anydi= -Ar; ,mzde- 1�4-y the original Borrower or Borrower's suds in interest. Any forbGsrance by Lender in exercising any 00.26r remedy shall vd1 be a waiver ofor precludet- Seexvaise ofany right or remedy. It. Swaees sora ad Anions Bo md; Joint am! Several Liability; Co-sig#ram. The covvnnts and sgrwmrrits a ;. . t is.Sc auiiity instrument shall bind and benefit the successors and assigns ofLenderaad Borrower, object tottnprvaisions or "paragraph 17. Borrower's coveitxnts and agreements shall be joint andt several. Any Bortowcrwhoccwsip -sthis Stcurit )instrument but dues met execute thi Note: i)i Ws co- signing this Securky -� Instrument onV to trsr.,'rtgage. gra>�ra13 convey. Mat Borrower's inert in the Fr erty under td. a terms of this Security R strture % (b) is not pirsorzaily cg;'pted to pay rile soars secured by t?3:is Security tnstrumeri and (c) ogress that Lender and ar.X- other Borrower cryvy.abcee to extend, modify, forbear or males any accommodations iv+ith regard to the terms of this Security Instrument cc the Note without that Borrower's consent ? . lZ. Law Charlpes. If the loan secured by this Security Instrament is subject to a tars which, sets maximum loan -- charges, and that law is finally interpreted so that the interest or odl� loan charges collected or to be collected in connection with the loan exceed the permitted limits, then: (a) any such loan dza gt shall be reduced b� the amount necessary to reduce the charge to the permitted limit; and (b) any sums ahead; la.11maed from Borrower .a►t r exceeded permitted limits will be rtfunded.to Borrower. Lender may choose to rriake tbs4 refund by reducing the ptz--Y:1pal owed under the Note or by rrra3.ting a direct payment to Borrower. If a refund rnduw� principal, the reduction will be trest!cd as a. — partial prepayment %:Ibout any prepayment charge under the Note. I& Legislation Affecting Lender'# Rigbta. If enactment or is. r°atM of applicable laws has tAhv eye.w of rendain1.any provision of the Note or this Security Instrument unenforceaN-- according to its terms. Lender, at its option, erzj rq;rJire immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies pe%iji tdd by paragraph 19. If Lender exercises this option. Lender shill mice the steps specified ilr tthe second paragraph of paraiM ph 17. 14. Notices. Any notice to Borrower provided for in this Security instrunzni: shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another meth'%f. the notice shall be directed 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 slated herein or any other address i.mder designates by notice to Borrower. Any notice provided for in this Security instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. Goveraiag Law; Severability. This 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 lave, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property or a Beaefleial 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 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 dale ofthieSecurity insirume!rt. If Lender exercises this option. Lender shall give Borrower notice of acceleration. 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 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. - -- M — %ffawees R%%t to P.si••• If Harrower meets certain conditic;ra, Borrower shall haft the sight 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 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 ur 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 ! _ nbl!gatrnn to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower. this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had _ c.r�c urrcd However. this nohr fn reirl'if le shall rl-t apply !n line cage O acLelerattu-n under paragraph, ! 3 s.r t 7. .j