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<: 90-- 1"0494: If Leader ttegniied too q* inauauce a: a condition of making the loan awed by this Security Lwrument, Boe+otwr sisal! pay fin prsWasnt required to maintain the inSttranQe im efiecf t> ati! such time as the requirr�oeiut for the iattanee terrs," w iii r4 P, with Bors+ower's and Ladder's written agreement or applicable 4M. fl. hempgdon, Leader or its agent say make rascmd& entries upon and.inspecdoas of the Yraperty. Fender siallgireBortrareraatioeattiodwaforpriortoanimgmctkespedfyingnmonable fortheimpectioa. .9. CaadsusutsdML Tie psoc Bads of any award a claim for damages, direct or comegtiieatial. in connewou with eery coadtaswWw or osier taking of say part or the qty, or for conveyance in lieu of condemnation, are hereby aseiSudaadsisil bepaidtoLeader. b ttht twat of si total tobag of tie Property, the proceeds shah be appbW to the sums secured by dds Security Imbiment, wbdber or not dhen dire, with any excess paid to Borrower. In the event of a partial taking of the )Property. _ ttakas llitittawrer sad header otherwise agree is writes the seem secured by this Security Instmax" shall be reduced by tie moomit of tie poceeds mWdpiied by the following fraction: (a) the total amount of the sums second immediately beiae� atvtded bq (b) the fair marlret value of the Property immediately before the taking. Any balance"be I" Nth* y is abiad0ald by BOrrdwer, or if, slier notice by Lender to Borrower that ihI condemnor offers t0 . _ . > *E* s s W or.*$* a c)taat for damages, Bat mer figs to respond to Ueda within 30 days after the date the antroeis. _ g#var. Ladder if atttbos�ted to collect and apply the proceeds, at its option, either to restoration or repair of the Proptsty or to tie sumssecuredby this Security hatntmerit, whether moot then due. + Unless Leaderand Borrower otherwise agree in writing, any application ofproceeds to principal shall not extend or postpone the doe date ohhe wathty payments referred to in paragraphs l and 2 or change the itmount of such payments. 110. 'Bunmar Nat Rdea stk Fieiaaraare By Leader Not a Waiver. , Extension of the time for payment or ' modiAatioa of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interns of Bmroww shall not op mte to release the liability of the original Borrower or Borrower's successors in interest, %ceder shall not be required to commence proceedings against any successor in interest or refuse-to extend time far payment or otbawbe umWy amortization of the sums secured by this Security Instrument by reason of any demand made by the original Herrowa or Borrower's successon in interest. Any forbearance by Lender in exercising any right or remedy shall not boa wsivet of or pr eckude the exercise of ariy right or reatedy. it. 9aeassns n d As OM wits$ Juba sad Sanral ILWlity; Co- tlg■ers, The covenants and agreements of thin Security Instrument "bind and benellt the successors and assigns of Lender and Borrower, subject to the provisions of parapaph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -sipts 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, r mo ft, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without ' that Bot:oweescoment. 12, Loss tLtis W& If the loan secured by this Security Instrument is subject to a law which sets maximum loan " charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Ian 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 choose to make this refund by reducing the principal owed ' tinder the Noteor by nuking a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a } partial pnpayment without any prepayment charge under the Note. 13. L40dedon AA'aetiag LasWs lit>gM& If enactment or expiration of applicable laws has the effect of rendering any provision ofthe 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 19. YUnder exercises this option, Lender shall take the steps specified in the second paragraph of , partgrapb 17. it Napless, Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable taw requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by r first clam mail to Le lees address stated herein or any other address Lender designates by notice to Borrower. Any notice provided Tor in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. • 15. Grsraisg Law; Senraifllty. This Security instrument shall be governed by federal law and the law of the jurisdiction in wbiieb t1x 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 this 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. Iii. Horn meet Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. TrmWbr of tie Prop" or a Benefield Llem is 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 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 ofthedsteof thisSecurity 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 " T this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any wfin diesi perriffiifted by this security Instrument without further notice or demmnd on Hurruwer. - - 1L Bosrswor's kiW to 1tstastate. If Borrower meets certain conditions, Borrower shall have the right.to have y7 enforcement of this Security Instrument discontinued at any time prior to the earlier of. (a) 5 days (or such other period as f applicable law may specify for reinstatement) before sde-of the Property pursuant to any power of sale contained in this Security Instrument; or (b) entry of a judgment enforcing this Security instrument. Those conditions are that Borrower: L (a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration v occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this a i Security Instrument, including, but not limited to, reasonable attomeys' fees; and (d) takes such action as Lender may reasonably require -to assure that the lien of this Security Instrument, Lender's rights in the Property and Borrower's to obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrgwer, this.Security Instrument and the obligations.secure.d hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17. == 1