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1 89-x• 102443 (' . If Lender required mortgage insurance as a condition of malting the loan secured by this Security Instrument. j Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the insurance taMiGNO ju accordance with Borrower's and Lender's written agreement or applicable law. ,� B• 1i4Oe8hi4- :.Lwder or its agent may snake reasonable entries upon, and inspections of the Property. Lender hal4ivel lmmi vatsratiFesttee time of or prior to an inspection specifying reasonablecause for the inspection. C411111=0110 ft' Thiproceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any pan 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 sutras 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 Pr't+perty unless Borrower and Lender otherwise agree in writing, the sutras 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 secur. id immediately before the taking, divided by (b) the fair market valise 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 Lender to Borrower that the condemnor of e s 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 !ban the sums secured by this Security instrument.. whey ker or not then due. v Unless Lender and Borrower othtm - ugrm-- do writing, any application of proceeds to principal shall not extend or pmpone the due date of the monthly paym=cs referred to in paragraphs I and 2 or change th& amount of such payments. 10. Borrower Not Release* Fwbearaace By Lender Not a Waiver. Extensions of the time for payment or modification of amortization of the sums secured by this Securty Instrument granted by Lender go any succem-r in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in ins- -rest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or 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 shad not be a waives of or preclude the exercise of any right or remedy. 11. Successors mod AsshMs Bound; Joint and Several Liability; C04wxers. The covenant anrr agreements of th; Security Instrument shall bind and benefit the su+c►=,ors and assigns of Lender and Borrower. subjectt:a the provisions of paragraph 17. Borrower's covenants and agreements ihall be faint and several. Any Bormwet who co-signs this Security Instrument but does not execute the Trot- !a) is ce- signptg this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terns of this Security instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (r_) agrees that Lender and any other Borrower may agree to extend. modify. forbear or make any accommodations with regard to the teams of this Security Instrument or the Note without that Borrower's consent. 12, Laos Chargts. If the loan secured by this Security lustrument is subject to a law which sets maxim= Moan charges. and that law is fintally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan excrA the permitted limits, then: (a) any such fcznl charge shall be reduce by the amount necessary to reduce the ch;irgr: om the permitted limit. and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded ded to Borrower. Lender may chose to make this refund by reducing, Lbe principal owed under the Note or by making a direct pao_arent to Borrower. If a rd"urd reduces principal, 0-a reduction will be treated as a partial prepayment without any prepayment charge under the Note. r I& Legislation Affecting Leaders Rights. If enactment or expiration of applicable laws has the effect of ;rendering any provision of the Note or this Security f, ;moment unenforceable according to its terms. Lender, at its opt ion. may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies permitted by paragraph 19. If Leader exercises this option, Lender 4 i:all take the steps specified in the second paragr2rh of paragraph 17. 14. Notkes. Any notice to Borrower provided for in this Security Ynt:truznent shall be given br delivering it or by n, ai? ng it by first elm mol unless applicable law raq). ;res use of another method. The notice steal] he directed to the P. operty Address or any other address Borrower des_;3aates by entice to Lender. Any notice to 1.e -&-r shall be given by first class mail to I aWcr s address stated herein or any other addycss Lender designates by n,cc :e to Borrower. Any notice previded'for in this Security Instrument shall be deemed to have lwevi given to Borrower cr t en..der w'Iun- given as provided in rhisparagraph. 1S. CAWern ttg Law; Severshility. This Security Instrument shall be governed by federal yaw and the law of the jurisdiction nr which the Pmperty is located. In the event that any provision or clause of this Security Lr- ttrc.^:en: r..- the Note conflicts with applicaUe law, such conflict shall not affect ot1w. provisions of this Security InstM, Or- the 7th ' which can be Si ten effect w -ithout the conflicting provision. To this ettd the provisions of this Security itavmmcr t u7d, the Note are declared to be severable. 16. Borrower's Cgty. Borrower shall be gi%,m one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Poloperty or a Beneficial Ihterest in Borrower. If all or any part of the Property or any interest in it is sold or transfcr7 ed (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written c• msent, Lender may. at its option, require immedi tt t payment in full of all sums secured by this Security Insimment, finwever. 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 30days froth 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 ro the expiration of this period. Lender may invoke any remedies permitted by this Security Instrument without further rl -auCe or demand on Borrower. 18. Borrower's "I to Reinstate. If Borrower meets ttrtain conditions, Borrower shiml havr the right to havc enforcement of this !Wunty Instrument disroritirued Sea any time prior to the earl ::r of. (a) 5 days for such oilier pet iod a; applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained ►n 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 :Vote had no acceleration occurred, (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforong this Security Instrument, including, but not limited to, reasonable attorneys- fees; and (d) takes such acimn as Lender may reasonably require to assurr that the hen of this Security Instrument, Lender's rights in the Prupert} and IR•rtower's Obligation to-pay the sums secured by this Secunty instrument shall continue unchanged. U;%ni reinstatement by Borrower. this Securty Instrument and the obligations secured hereby shall remain fully effe- rave as if nn accelerawill hall -cur.ed. however. this right to rcinstate shall not apply in the cave rsf aUCItratiOn under paragraph% 11 or ! , ca 01