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v r L If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument, Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for-the insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law. 8. laspectios. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior loan inspection specifying reasonable cause for the inspection. 9. CoIIdemnation. The proceeds of any award or claim for damages, direct or. consequential, in connection with any condemnation or other taking of any part 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 starts secured by this Security Instrument, vit-O er or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property, unless Borrc' -';.. :d Lender otherwise agree in writing, the sums securest by this Security Instrument shall be reduced by the amoura.m., r e 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, air ifi; a? = ciatice by Lender to Borrower that the condemnor offers to Enake an award or settle a claim for damages, Bom"VkVr fails °te respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect: and apply'li It procee'ds; .ai:its option, either to restoration or repair of the Property or to the sums secured by this Security Ere rumen-, vNither or riot iben due. Unless Lender a¢d Borrower b.herwi§e.aA' in writing, any application of proceeds to principal shall not extend" postpone the due date or0he;u ,~'.:Slily payments r6erred to in paragtaphs„I.and 2 or. change the amount ofsuch payments. . 10. Borrower Nzi Re4as4- Forbearance By Lender Not tr WAiver. Extension of the time for payment -or modificati6n of amortization of the sums secured by this Secatity Instrument granted by Lender to any successor in interest of -Borrower shall not operate to release the liability c�Fthe original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extet d time for payment or otherwise modify amortization of the sums secured by this Security Instrument by real m of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exerciskng any right or remedy shall not be waiver ofor preclude dta exercise ofany right ort�nrdy. 11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The coverm:ls and agreements of this Security instrument shall bind and benefit the successors and assigns 611ender and Borrower, subject to the provisions of paragraph 17. Borrataee covenants and agreements shall be joint and several. Any Borrower whe co -signs this Security Lcstrument but does net,, execute the Note: (a) is ca-signing this Security Instrument only to mort e, grant and convey L�. i:at Borrower's intere5r in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay dze sums secured by ufsis Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, Modify, forbear or rn•zke any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent;. 12. Loan Charms. If the loan secured by this Security instrument is subject to a law wrthch sets maximum loan charges, and that law is finally imerpreted so that the interest or other loan charges: collected a- to be collected in connection with the loan exondt the permitted limits, then: (a) any such loaneharge shall be rer~uced by the amount necessary to reduce thec;7sa;ge j c :h�e`permitted limit; and (b) any sums already collected from Bcrmwer which exceeded permitted limits will be cep; :� d. �o Borrower. Lender may choose to make this rend by reducing the principal owed .n yder the Note or by m Afr g a dir=t payment to Borrower. If a refund retraces principal, the reduttirn will be treated as a partial prepayment without any prepayment charge under the Note. 13. Legislation Affecting 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 its terms), Lender, at its option, may require immediate payment in full of all sums secured by this Security Instrument and rnay invoke any remedies permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in iite second paragraph of paragraph 17. 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delisering it or by mailing it by first class mail unless applicable law requires use oflanother method. -hm notice shall be directed to the Property Address or any other address Borrower designates by notice to hinder. Any notice to Lender shall be giscn by first class mail to Lender's address stated herein c r any other address Lca6vr designates by notice to Borrower. Any notice provided ()r in this Security Instrument shall &. rj mimed to have been given to Borrower or Lender when given as provided in this paragraph. 15. -Governing Law; Severabillty. This :: rity Im:x-jment stall be goveraed by federal law and the law of the jurisdiction in which the Property is located. In tfr e vc -,_-nt that any pr6vai on or clause of this Security Instrument or the Kate conflicts with applimble law, such confliat <L_;l not affect other provisions of this Security Instrument or the Note i,Aich 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 Beneficial Interest in Borrower. If ail or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower -is sold of 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 law as of the date of this Security instrument. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall providz 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 Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may invalce any remedies permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate. if Borrower meets certain conditions, Dorsower shall have the right Co have enforcement of this Security instrument discontinues) at any time prior to the earlier of. (a) 5 days (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contair.nd in this Security instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Narrower: (a) pays Lender all sums which then would be due under this Security instrument and the Note had no acceleration occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security instrument. including, but not limited to, reasonable attomeye fees; and (d) takes such action as I.er!£ler may reasonably require to assure that the lien of this Security instrument; Lender's rights in the Property and Warower's obligation to pay the sums secured by this Security Instrument shill continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the obligations secured hereby shall ieruaiu fully effective as ifao had occurred However, this right to reinstate shall not apply in the case (if aeceleratim) under paragtaphs 11 or 17 M I- 4— ngw cA