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` c gQ- 10, �,0�S t!f Lender ..rquirtid trn ortgoge insurance as a ccinditton of making the loan secured by this Security instrument, $ frorner{tittdf pay Zhe Qrilmiums required to maintain the insurance in effect until such time as the requirement forthe Insurance terminates in accordanEe with Borrower's and Lender's written agreement or applicable law. IL trapeCiton. tender or Reagent may snake reasonable entries upon and inspections of the Property: Lender shall give Borrower notice at the time of or priouto,an inspection specifying reasonable cause for the inspection., f Catidenilinatilm. The proceeds of any award or claim for: damages, direct orconsequerrtiat .incannectfonwith - - ' — - any coridGKm�eti�� cirttU`.er- tassng -of ars�part aiitte °rap r rty, -or -ter cQnvm,Ancp i� {tae. of candemnatinn_ are _ .. ebx - _ assigned and shall be paid to Lender. in the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security Instrument, whether of not then due. with any excess paid to Bodower. In the event of a partial taking of the Property. unless Borcoweeand Lenderotherwtseagtee in writing, thesums 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 secured Immediately i before the taking, dividedby( b) thefairmarketvalueofthePropertyimmediatetybeforethetaking Anybalance shall be paid to Borrower. I If the Property is abandoned by Borrower, or it. after notice by Lender to Borrower that the condemnor offers to . make an award or settleactaim fordamages, Borrower fails to respond to Lender within 30 day's after thedate thenotice is F given, Lender is authorized to collect and apply the proceeds, at itsoption. ditherto restoration or repair of thePropertyor - - -t- -- - tethesums securedbythis Security Instrument, whether-or -not then due. f Unless Lender and Borrower otherwiseagree in writing, any application of proceeds to principal shall not extend or postponethedue dateof the monthty'payments referredto in paragraphs 1 and 2 orchange theamount of such payments. 16 goralrar Net Rebmed; Forbeerwice By Lender Not a W~. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument grknted by Lender to any successor in interestof Borrowershall notoperate to releasethe liability of the original Borroweror Borrowerssuccessors in interest. 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 bythe original Borroweror Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 11. Sucessars and Ass" Bound ;JolntanilSeveral'Uabtlity;Co- signers. The covenantsand 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 Borrowers consent. 12. Loan Charges. 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 loan exceed the premitted limits, then: (a) any such loan charge shall be reduced by the amount t necessaryto reducethechafge to the permitted limit: and (b) anysurnsalready collected I rorn Borrowerwhich exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed underthe Note or by making a direct payment to Borrower. If a refund reduces principal• the reduction will betreated as a partial prepayment without any prepayment charge under the Note. 13. Legi stallon Affecting Lenders 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 19. 11 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 class mail unless applicable law 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 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 Borrower or Lender when given as provided in this paragraph. ts. Ooveming Law; Severability. 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 taw, 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 - - 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 Beneficial Interest 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 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 beexe►cised by (..ender if exercise is prohibited by federal law as of the date of this Security Instrument. If Lender exercises this option. Lender shall give Boi •rower notice ofacceleration The notice shall provide a period of not less than 30 days Irom 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 invoke any reredies permitted by lhis Security Instrument Withc7 further notice or derna- rid an Beirroper 18, Borrowers Right to Reinstate. ' if Borrower meets certain conditions. Borrower shalt have the right to have enforcement of this Security Instrument discontinued at anytime prior to the earlier of (al 5daystor such other periudas eppireabie law may speCily for reinstatement) before sate of the Property oursuant to any power of sale contained in this uecur.iy lr ;t: ursscrl: or {b) crt: y ct a — dgr^t:nt orr }p ►C +n3 t►iis :SPnunty ihst►umerii Those c andition s Af6 fMal 00 frO Ner: (a) pays tender all sumswhtch then would be due under thisSecunty instrument and the Note had no acceleration occurred. (b) cures any default of any other covenants or agreements. (c1 pays all expenses inr,itrred in enforcing this Security Instrument, including, but not limited to. reasonable attorneys' fees. andfdt.takessuch action as Lender may reasonably requires to assure that the hen of this Security Instrument. Leader srightS in the Property a rid gorrOwer's obligation to pay the sums secured by this Security Instrument shall continue unchanged UUon reinstatement by Borrower. this Security Instrument and the'ohligations secured hereby shall remain frilly effec five as if no iiCt Merallon h'iO occ lit r(jf Movvever this right to reinstate stiao nett apply in the case of acceie►dtivi* under par,rqr;rphc 13 r:r =7 I , i ,