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104860 If Lender require¢ t aple insurance as a condition of =1 11 the loan secured by4his Sc;uritk Instruments -- Borrower shall pay the prefolunts required to maintain the insu artce in elrect until such'titme as the requiranent for the insurance terminates in �COrdince writh Borrowees and Lender's written agreement or applicable law. S. bigeetioa. Fender or its,"ent may make reasonable entries upon and inspe>rtions of the Property. Lender ilhall give Borrower notice at the time of or prtor.to an inspection specifying reasonable cause for the inspection. 9. CwMet amatlm The proceeds of any.sward or claim for drainages, director consequential, in connection with 4 any cioetdemnation or other taking of any -part of the Property, or for conveyance in lieu of condemnation, are hereby s 'a ssignetl and shall be paid to Lender. In the event'of a total taking of the Property. the proceeds shall be applied to the sums sectored by this Security Initrumentt whether or not then due. with any excess paid to Borrower. In the event of a partial taking of the Property, unlen Borrower and Lenda otherwise agree in writing, the sums secured by this Security Instrument Shall be reduced by - i 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 abandoned by Borrower, or if. after notice by Leader to Borrower that the condemnor offers to make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given. Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sutras secured by this Security Instrument, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or s postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. i lib Borrower Not Released; Forbearance By Lender Not -a Waiver. Extension of the time for payment or modification of amortization of 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. + Lender §hall not be required to commence proceedings against- any successor in interest or refuse to extend time for payment orotherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made f by theoriginal Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver afar preclude the exercise of any right or remedy. ' It. Successors and Assigns Bound; Joint attd Several Liability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions 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 Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms 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 make any accommodations with regard to the terms of this Security instrument or the Note without that Borrower's consent. 12. Loan Charters. If the loan secured by this Security Instrument is subject to a taw which sets maximum loan charges. and that law iti finally interpreted so that the interest or other loan charges collected or to he 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 refunded to Borrower. Lender may choow 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 without any prepayment charge under the Note_ . M Legislation AKectfng'Lender'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 us 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. Id: Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mad unless applicable taw 7equtres use of another method. The notice %hall 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 stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Iorrower rrr Lender when given as provided in this paragraph. 15. Governing Law; Severability. This Security Instrument shall he 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 affect other provisions of th:s 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 line confonrtied copy of file Note and of this Security Instruuireut It Transfer of the Property or* Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is solder transferred (or if a beneficial intcrest'in Borrower is sold or trans °,_, -e; d and Burrower i5 not a natural person) without Lender's prior written consent. Lender may, at its option, require imnediate payment in full of all sure` secured by this Security Instrument. However, this option shall tiott be exercised by Lcuder if exercise is prohibited by federal law as of the date of this Security Instrument. If Lender exercises this option, Lender shall gee Iforrowcr notice of acceleration. I'hc notice shall provide a period of not less than 30 days from the date the notice is delivered or mailecf within which ffnrrc+wcr must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to • the expiration of; his period. I.cuder may uivokc ally remedies. permitted by this Security Imtrunw-rit without flirt hrr ftt+ttt•e',+r ttmatul run ttt.rrimrs is Bonower's Right to Reinstate. If Borrower meets certain cr►r;ditions. Ilernmer shat) have the nphi to have L enforcement of this Security lostrument discontinued at any tinic prior to the cat her is - y days for such other period as applicablc law may specify for reinstatunent) before sale of the Property pursuant icy i:ny powcr of sale contained in this Security instrurnetit; or (b) entry of a judgment enforcing, V-_-, Security Instrument 1 i:ose ccmditioos are that li rrowcr (a) pays Lender all sums which then would be due under the Se. unity Instrument aid the Note had no ,i«eleraiimti occurred; (h) curer any default of any dither covenants or agreements. (cy par , all elk).- ,rase, in. cured in coilor+.uif; rhis Security instrument, including, but not limited to, reasonable attorneys' fees, and idt [tikes .udi &dram+ as I cnd!•r may reasonably require to assure that the lien of this Sceunty Instrument. Lender's rights in the I'ro+perty and borrower's obligation to pay the sums secured by this Sccunty Instrument shalt continue err: irani;cd. f l.,i+ rt`ir�r:►t_ni� °rat h: Burrower, the. security instrument and file obhgattmns secured lierchy shill) rernaut fully rfle:: ti.r : it m, ac;clrratton )tart occurred .11m.%ever, this right to tetnstate shall not apply tic [tie Law. 4Jacecleration under patagtaldr. 1? or l' t� a h _w =