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'iii' NP ;f F �i r fa 7 7 �C'Y`i - Sim .}A_ •. iTM�� r� - C � lY „�.b.% 1h'1 �1,.TC... �wr�.'p.. - 89=-s 10`200 If Lender required mortgage insutanct as a ctmditwa of making the loan secured by this Security Instrument. required to maintain the insurance ir, effect until such time as the requirement for the Borrower shall pay the premiums in accordance with Borrowers and Lenders written agreement or applicable law - insurance terminates 8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the PrcpertY• Lend' shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for thz inspection. direct or consequential. in connection with 9. Condemnation. The proceeds of any award or claim for damages, any condemnation or other taking of any part of the Property, or for conveyance in lieu of condertuiatiom, are hereby assigned and shall be paid to Lender. be applicd to the sums secured by this S)Ourity In the event of a total ;akir,'g of the Property, the proceeds shall whether or not then due, with any ex -cess paid to Borrower. In the event of a partial taking of the Property, Instrument, t;nress Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by of the sums secured immediately the amount of the proceeds multiplied by the following fraction: (a) the total amount fair value of the Property immediately before the taking. Any balance shall be before the taking, divided by (b) the market paid to Borrower. If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to is made an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice to restoration or repair of the Property or given, Lender is authorized to collect and apply the proceeds, at its option, either to the sums secured by this Securitp Instrument, whether or not then due. agree in writ' ing, any application of proceeds to principal shall not extend or Unless Lender and Borrower Otherwise the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount cf such payments. postpone 10. Borrower Not Released; Forbcxrance By Lender Not a Waiver. Extension of the time for payment or in of amortization of the sums secured by this Security Instrument granted by Lender to any successor modification interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. in interest or refuse to extend time for Lender shall not be required to comet rice proceedings against any successor secured by this Security Instrument by reason of any demand made payment or othenvise modify amortization of the sums in interest. Any forbearance by Lender in exercising any right or remedy by the original Borrower or Borrower's successors shall not be a waiver of or preclude the exercise of any right or remedy. Bound; Joint and Several Liability; Co-signers. The covenants and agreements of 11. Successors and Assigns this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions Any Borrower who co-signs this Security o` paragraph 17. Borrower's covenants and agreements shall be joint and several. but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey Instrument that Borrower's interest is the Property under the terms of this Security Instrument; (b) is not personally obligated to pay other Borrower may agree to extend, t;te sums secured by this Security Instrument; and (c) agrees that Lender and any with regard to the terms Of this Security Instrument or the Note without modify, forbear or make any :accommodations that Borrower's consent. 12. Loan Charges. If the loan secured by this Security Instrument is subject to .3 law which sets maximum loan loan collected or to be collected in charges, and that law is finally interpreted so that the interest or other charges the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount connection with necessary to reduce the barge to the permitted limit; and (b) any sums already collected from Borrower hi_h exceeded be to Borrower. Lender may choose to make this refund by reducing the p .tncipal owe . permitted limits will refunded 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 without any prepayment charge under the Note. expiration of applicable laws has the effect of 13. Legislation Affecting Lender's Rights. If enactment or any of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option. rendering provision may require immediate payment in full of all sums secured by this security Instrument and may invoke any remedies take the steps specified in the second paragraph of permitted by paragraph 19. If Lender exercises this option, Lender shall paragraph 17. 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by The notice shall be directed to the mailing it by first class mail unless applicable law requires use of another method. Address any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by Property or first class mail to Lender's address stated herein or ary other address Lender designates by notice to Borrower. Any notice Borrower or Lender when given as provided provided for in this Security Instrument shall be deemed to have been given to in this paragraph. 15. Governing Law; Severability. This Security Instrument shall be governLd by federal kny and the law of the clause of this Security Instrument or the jurisdiction in which the Property is located. In the event that any provision or law, conflict shall not affect other provisions of this Security Instrument or the Note Note conflicts with applicable such 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 Benciacisl interest in Borrower. If all or any part of the Property or any interest in Borrower is sold or transferred and Borrower is not a natural interest in it is sold or transferred (or if a beneficial person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums be by Lender if exercise is prohibited by secured by this Security Instrument. However, this option shall not exercise:i federal law as of the date of this Security Instrument. this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period If Lender exercises of riot less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by to the expiration 6 this period, Lender may invoke any this Security Instrument. If Borrower fails to pay these sums prior remedies permitted by this Security Instrument without further notice or demand on Borrower. Borrower shall have the right to have 18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as enforcement of this Security applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Instrument. Those conditions are that Borrower: Security Instrument; or (b) entry of a judgment enforcing this Security then would be due under this Security Instrument and the Note had no acceleration (a) pays Lender all sums which occurred; (b) cures any default of any other covenants or agreements; (e)` pays all expenses incurred in enforcing this but limited to, reasonable attorneys' fees; and (d) takes such action as Lender may Security Instrument, including, not that the lien of this Security Instrument, Lender's rights in the Property and Borrower's reasonably require to assure obligation to pay the sums secured by this Securitv lnstrumeui shall continue unchanged. Upon reinstatement by fully effective as if no acceleration had Borrower, this Security Instrument and the obligations secured hereby shall remain not apply in the case of acceleration under paragraphs 13 or 17. occurred. I Iowever, this right to reinstat^ shall f