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. _ icy - c - • If I ender ragwirad rpwrt a insurance as a condition of making the loen•secared by this Set ty. rm u .:.t, y Borrower abed pay the premiurm requited to maintain th!e iisurance in erect until such time as.the requirement: for the -- . -- Wca SOURMOCUUM a walmn agreement ara`�pOMMLi aw — 8., ftivection. Lender or its agent very make reasonable entries upon and inspections of the Property. tender . shallgiveBOmmtrnoticeatthetimeoforpriorttoan inspection specifyi ngreasonable cause for theinspection. 9. Cesde ataatilm The proceed$ ofany award or claim for damages, direct or consequential, in won with any ronde nnation or other taking of any 'part of the Property, or for conveyance in lieu .of coademnatnan, are. hereby assigned and shall be paid toLender. In the event of a total taking of the Property, .the proceeds shall be applied to the sums secured by" Security `Instrument, whether or not then due. with any excess paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Lender otherwise agree in -writing, the sums secured by this Security Instrument shall be, reduced by s the amount of the proceeds multiplied by the following fiaction: (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 it after notice by Lender to Borrower that the condemnor offers to • i make an award or settle a claim for damages, Borrower fails to respond to Lenderwithin 30 days after the date the notice is given, Lender isauthorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sums 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 ' postpone the due date of the monthly, payments referred to isr paragraphs I and 2 or change the amount of such payments. 10. Borrower Not Rdenw* Fa*essuce 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. Leader 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-tht:4*iginal Borrower or Borrower's successors in interest.—Any farbeuance7by Lender in ExrrcisingBnyT[ght orremedy - shall not be a waiver of or preclude the exercise of any right or remedy. 11. Successors and Assigns Bound; Joint and 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 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 permitted limits. then: (a) any such loan charge shall be reduced by the amount t " necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded ! permittedlimits will be refunded to Borrower. Lender may choose 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. I& 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 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. 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. - -- - 15. Governing 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 law, such conflict shall not affect other provisions of this Security Instrument ar 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 a 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 spay, at its option, require immediate payment in full of all sums seenred t y this Seriirity Instrument. However, this option: shall not be exercised by .Lender if exercise i i 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 30 days from the date the notice is delivered or mailed within which Borrower must pay all slims seenred by this Security Instrurrai m. If i orrower fails to pay these sums prior to the expiration of this period; Lender may invc•,kC any remedies permitted by this Security Instrument without further notice ordemand on Borrower, 18. Borrower's Right to Reinstate.. If Borrower meets certain conditions, Borrower shall have the right to have j enforcement of this Security instrument discontinued at any time prior to the earlier of: (a) 5 days (or such othmperiod as law for (, applicable may specify reinstatement) before sale of the Property pursuant to any poser of sale contained ui thi" " Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Harrower- r- (a) pays Lender all sums which them would be due under this Security Instrument and the Note had no accelerftiaa tD occurred: (b) cures any default of any other covenants or agreements: (c) pays. all expenses incurred in csifarcing this Security Instrument, including, but hot limited to, reasonable attorneys- fees; and (d) takes such action as 1 endc'r inay reasonably require to assure that the lien of this Security Instrument, Lender's rights in the Property and Horrowe.r•, obligation to pay the sums secured by this Security Instrument shall continue unchanged I`pim rrinWatenient b}, Borrower, this Security Iristriimciit and`the�obhgatians secured hereby shall remain fully effective as if nt)accelcration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs t ; or 17