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I if Lewder required mortgage insurance as a condition of making the loan secured by this Security Instrument,. ' Boirbwer siy11 pay.the premimt s required to maintain the iawMtux in effect untii.such time as the requirement for the � � . . imwradcx termimtes in aocor�damee iritb Borrower's std Lender's written agreemtent orapplicablelaw. L InVoctim i order or its agent may snake reasonable entries upon and inspections of the,Property. Leader sWtD give Boo vww notice a( the time of or prior tq an inspection specifying reasonable cause for the . fl. Ceaiwadsm IMe proceeds of any award or claim for damages, direct or consequential, ig connection with ` any coiwen tuion or other taking of any part of the Property,, or for conveyance in lieu of coodemnslion, are hereby _ assigned and"be paid to IAbder. In the eweat c(a natal takgng of the Froperty. the proceeds shall be applied to the soots secured by this Security Im:aament, wbdber orr not then due, w►ith,any excess paid to Borrower. In the event of a partial taking of the , unless Borrower and Lender otherwise agree in writing, the sums 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. - — - - before the taking, divided by {b) tbcfair nmrket vahre of the Property immediately before the taking. Any balance shall be paid to Borrower. _ . If the Property is abandoned by Bommer, or if, after notice by Lender to Borrower that the condemnor ofers to ' make as sward or settle a cleim far damages. Borrower fills to respond to Lender within 30 days eater the date the motive is given, Lender is authorized to tolled and apply the proceeds. at its option, either to restoration or repair of the Property or to the sums.iacared 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 patpome the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 10. Bars+mrsr Not Rdefileft; Fa Mesiraaoe By Leader Not *Waiver. Extension of the time for payment or ' rmodi&;ation 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 the original Borrower Or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy ` shall not be a waiver ofor preclude the exercise of any right or remedy. IL Sseassoes and Arles Boar$ Mat and Several Liability; Co-signers. The covenants and agreements of this Security Instrumentshall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions - of iaromb 17. Borrow ees covenants and sgreernents shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is cosigning 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 stoma 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. IL Loa Ltiaroa. 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 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 under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a 3 partial prepayment without any prepayment charge under the Note. ` 13. LeOWMIM AReettag Leader's R10% 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 d by pargmph 19. If Lender exercises. this option, Lender shall take the steps specified in the second paragraph of ppenmmitt 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing ;t by fiat class mail unless applicable law requires use of another method. The notice shall be directed to the .i Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by fire class mall to Lenders 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. it 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 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 CM y. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Treader of the Prop ft 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 may, at its option, require immediate payment in full of all sums securrAd 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 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 this Security Instrument. if Borrower fails to pay these sums, prior to the expiration of this period. Lender may invoke any nermiW*1by tfiiisgacurityr instrument without fudber notice or demand nn Anrrower. — 10. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earlibr of. (a) 5 days (or such other period as E applicable law may specify for reinstatement) before sale 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: (a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration L 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 attorneys' 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'seta obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the obligations_secured hereby shall remain fully effective as if no. acceleration had . 5 occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17. I