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vy Ur*0 Ot% If Leader, requa"red mortgage insurance as a condition of maltins the loan secured by this Security Inauummt, Boiroarei shall ISY the premium required to maintain the immma in effioct until such time as ft requirement for the 111"YONCe terminates 0 acWnkr"-wdb BM*"W*91W Lendefswnitten Agreement or applicable law. I& I Inlpsedm_ Lennder or its MxM may Make ressetuMe entries upon and in of the PnVmy. Laider *11giveftrowa , noticed the fitneororpripr toan inspec" specifying ressomble cWw for the itispectiom , .91. CowwMMAIM, Tbr proceeds of any award or claim for damages, direct orc0aseqMtj4 is connection with may 0011demnlitift Or OdW'Ukft Of MY Pon of the Property. or for'conveyance in lieu of condemnation, are hereby In the event-of a total W*# of the Fropertyr. the proceeds shall be,Wlied to the sums secured by this imprity _111111MMent. whether or M then due, with any excess paid to Borrower. In the event of a paniAl abag of the property,' ttaless Doozoic and', adial W"G agree in writing, the sums secured by-this Security Instrument shall be redo edby the amount of the proud* mddphd by dietollowing fraction- (&) the total amount of the sums secured immediately b*re.tk uk*& divided by (b) the fair marfet value of the Property immediately before the tatting. Any balance shall be F=Mtoniorown Ir the Fropmy is abandoned by Borrower, or if, after notice by Leader to Borrower that the condemnor of to mob an award or uttle a claim for damages, - Borrower fails, to respond to Lender within 30 days after the date the notieL. is gives. Leader is authorized to collect and apply.tbe proceeds. at its option, either to restoration or repair of the Property or W 09MM secured by Ob Security Instrumetm whether or W then due Unless Lender and Borrower otherwise Agree in writing, any application of p'soceeds, to principal shall not extend or PXtpOft the due date Of the monthly payments referred to in paragraphs I and 2 or change the Amount of such payments- IL harrower Not Release* Forbearance By Leader Not a Waiver. Extension of the time for payment or mod iflcation of amortization of the sums secured by this Security Instrument'granted by Lender to any successor in Wbut Of "TOWet SUB not operate to release the HaMW of the original Borrower or Borrower's successors in interest. Lender shall not be � required to commence proceedings against any successor in interest or refuse'to extend time for payment of otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver ofor preclude the exercise ofany right or remedy. IL S e F v - e - md Aadpw Bow* JOIN sed Several Liability; 'CAo4Igneri 6 The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to the provisions ofpu%Mh 17. Borrower's covenants And agreements shall be joint and several_ Any Borrower who co-signs. this Security Instrument but does not eviecuft the Note: (a) is co-sigring this Security Instmment only to mortgage, grant and convey 'that Botrowees interest in the Property under the term of this Security Instrument; (b) is not personally 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 inali; aiy accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 12. low Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan chaMM 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 exceeded permitted limits will be rdundad. 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 refuid reduces principal, the reduction will be treated as a' partial prepayment without any prepayment charge under the Note. 13. LetklMloe Afftcftg heater'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 ig. If Lender exercises this option. Lender shall take the steps specified in the second paragraph of paragraph 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 elm mail unless applicable law requires use of another method. The notice shall be directed to the Pro" Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first elm mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument sliall be deemed to have been given to Borrower or Lender when givtn as provided in this pdragreph. IS. Gqpernft Law; Seve=MIIty. 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 law, such conflict shall not affiect other provisions of this Security Instrument or the Note *hich 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 Cory. Borrower shall be given one conformed copy of the Note and of this Security instrument_ 17. Trassfer of the Property or a Beneficial lattrest 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 Lendees 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 date of this Security Instrument. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instfunicult. If Borrowerfails tor pay these sums p6oF to, the expiration of this period. Lender may invoke any remedies permitted by this Security Instrument without further.notice or demand on Borrower. It. Borrower's Riot to Reinstate. If Borrqiver meets certain conditions, Borrower shall have the right to have eftr6keeme"t 'dirthis Sned-Lift inctruirte t discontinued at ?sty time prior to the earlior of (ai S'days for such other pertrA as applicable law may specify for reinstatement) before sale of the Pr6petty pursuant to any power of sale contained in this Security Instrument; or (b) entry of ajudgMent enforcing this Security Instrument Those conditions are that Borrower: (a) pays Lender all sums which then would be due yn#et this Security Instrument and the Note had no acceleration -occurred.; (b) cures any 4gfault of any other covenants or agreements: (ci pays all expenses incurred in enforcing this Security Instrument, including, but not limited. to, reasonable attorneys' fm, and (d # takes such action as Lender may reasonably require to mute that the lien of this Security Instrument. Lender's rights in the Property and Borrower's obligation to pay the sum secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument-and4he obligations secured hereby Shall remain fully etTevilve as if noacceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 11 of 17 SAS ti I