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r L 1 89-- 102330 if Leader required mot pigs insurance as a condition of making the loam secured by this Security Instrument, Borrower shall pay.tbe premiums required to maintain the insuraance in effect until such time as the requirement for the ia:trramee terinmawitrucondance with Borrownes and Lexulees written agreement orapplicable law. t. Iaspeedea Linder or its agent may make reasonable entries upon and impections of the Property- Lender shall give 9antwer ai * (1 1 at the time of or prior to an inspection specifying reasonable came Ow the inspection. !. Cesiatsamintim. The proceeds of any award or claim for damages, direct or comsequential. in connection with any condemnation or other taking of any put of the Property, or for conveyance in lieu of condemnation, are hereby assigned aed shall be paid to Lender. In the event of a towel taking of the Property, the proceeds shall.be applied to the worms sMured by this Security Instrument, whether or not then dim with any excess paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Fender otberwi a agree in writing, the sums secured by this Security instrument shall be induced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the surds secured immediately divided by (b) the fair market value of the Property immediately before the taking. Any ba mss;= shall be paid to Borrower. If the property is abandoned by Borrower, or if, after notice by Leader to Borrower that the condemner offers to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date fh. aotice is given. Lender is authorized to collect and apply the proceeds, at its option+ either to restoration or repair ofh ft ty bi to the auras secured by this Security Instrument. whether or not then due. Unless Le adeff and Borrower otherwise agree in writing, any application of proceeds to principal shall not extol postpone the due dart of the monthly payments referred to in paragraphs 1 and Z or change the amount of such payments. M Borrower Not Releiafi Fwbearaaee By header Not a Waiver. Extension of the time for payment or as ifitatliva of amo tizatien cif 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 the original Borrower or Borrower's successors in interest. Lewder shall not be required to commence proceedings against any successor in interest or refuse to extend time for paymeer -1 or otherwise modify amortization of the sutras secured by this Security Instrument by msan of any demand made by the o,-4 zuil Borrower or Be rnowees successors in interest Any forbearance by Lcvdff in exw icing any'dght or remedy shall rcpt be a Waiver of or pnechsde the exercise of any rigbe ca remedy. BS. Saeeewuts and Asgas Be=* %rat aN dal Liability; Co-sigoem The covenants" agreements of this Security Instauenemt shall bird and bench the successors and assigas of Lender and Borrower, subject to theprovisions of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but does not execute the Now (a) is co-signing this Security Instrumrent only to mortgage. gnm and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally aiS3igated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may filet to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument c.T Ike Note without thae iorrowees consent. 12• Lour Chairilat, If the loan secured by this Security Imtrumintt is sulbjfert to a law which seen qz"mum loan ch:.•ge56 and that law is finally interpreted so that the interest or anther lots 1*wges collected or to ble collected in comuectiion with the loan exceed the permitted limits, then: (a) any such loan charge sha!1 be reduced by the amount necessary to reduce the charge: to the permiud,, bmit; and (b) any stoma already collected k�. harrower which exceedkri permitted limits wile be nefm ded to Borrower. Lender may choose to make this refund by - tducing the principal owed under the Note at by makings direct payment to Borrcwtw_ Tf a retiiind reduces the reduction will be treated as a partiattim m anent without any prepayment charge utidtsr ibe Nctc. 13 LeOdalko Alleefin Leader's AJsW If erg.tMent ear eapiratson of applicable laws has the effect of rendering any provi iw of the Note or this Security Insts-onent une riforvable according to its terms, Lender. at its option, may require imrneiiwe payment in aryl! rXi *V sums secxzW by this Security Instrument and may invoke any remedies peermine d by paragraph 19. If Lender euer:ism t' is opti mr, Lender shall take the steps specified in the second paragraph of pamArapb 17. 14. Netioes. Any notice to Barrie*= provided for in this Security Instrument shall be given by delivering it or by mailing it by first class nail unless applicrldiz Law requires use of blather method. The notice shall be directed to ilia_ Property Address or any other address Borrimer designates by notice to Lender. Any notice to Lender shall be gp m liy first cuss mail to Lender's addre nstated heron or any other address Louder desig-ztes by notice to Borrower. A iry, re ?ice provided for in this Security Instrument shall be deemed to hum been fiscn fo 1k.Tuvmr or !.ender when givrnt,.6 provided in this paragraph. IS. Gverabsg Lw; SeveraiWty. This Security Instrument shall be governed by federal law and the law of t1ir: jurisdiction in which the property is located. to the event that any provision or clause of this Security Instrument or tlit. Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which tan be given effect without the conflicting provisko To this end the provisions of this Security Instrument and the Note amdeclared to be severable. 16 Batsiewes's Coen Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Traafer of for Pro" or at BenMflsiel Interest in Borrower. If all or any pail of the Property or any interest in it is sold or transferred (or ifs berieficial interest in Bonvwtr as 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 lawns ofthedateof this Security Instrument. If Lender exercises this caption. Lender shall give Borrower notice of acceleration. The notice shall provide a penod of not kss than 3Odays from the date the notice is delivered or mailed within whwb Borrower must ply all sums secured by this Security Itnttummt. U Borrower fails to pay these sums prior to the etepintion of this period. Lender may invoke any remedies permitted by this Security Irutrum cni withewt ftuther notice or demand on Onrrower_ 111. Berroner!a Riot to Ildna me. If Borrower meets certain conditions. Borrower shall have the nght 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 reainstate menu) before sale of the Property pursuant to any power of safe contained in this Security Instrument; of (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 acceltranon occurred; (b) runs any default of any other covenants or agreements: (c) pays all expenses incurred in enforcing this Security Imtrument, including, but not limited to. reasonable atte eneys' fees, and (d) takes such action as Lender may rasonably require to assure that the lien of thn Sescunty Instrument, Lender's rights in the Property and Wrrower s obligation to pay the sums secuted by this Security Instrument shall continue unchanged Capon reinstatement by . Borrower. ehnSecurity itisttrumentand the obligatwnssecured hereby shall remain fully effective as tfno acceleration had •gbt to aiirsaate'aa.a. , °Oay. "PY7 • iw;w`i;aae.ac.ii3tiiu.:as:ttiLT PaIfKe ■ ;iH,-Bl+i -•. - 6- I MIR fat