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I U Lender required nwtpp instuance as a condition of malting the loka- secured by this Security Instrument, Boffo-W r s pay the mmm requi.�d to n.,'ii st tm the ii -r ee its umm such ,a` as the re-quirtaboutfor t the ' iAS Urasette�iaatesiiaaocosdanoeerhhBgrt�ear 'sandLender's written sgxmentarapplicable lair O..Inapattiae. Lender or its agent may snake rsasonsble entries upon, mod inspections of the Property. Deader AdlgiveBo s -- modeeatthe`timeoforpriortoon specifyingreasonablecauseforthe . ` . !. Cssiisestelise.' The penceeds of say award or claim for damages, direct or consequential, in connection with - say toadaot:�m or ethos takiaf Of any part of the P�ty,' or fc: co;mseyauce in lieu cf taadeomation, are haft assigpmad and paid to Leader. __ . Ira tie event ors total tuluag oft& Property. the proceeds shall be applied to the sums secured by this Security iastras w,% whetimer a no that doe , with my excess paid to Borrower. m the event of a parOd taking of the Property, ttakss Borratra and 11 aader otherwise agree ins shrift& the sums secured by this Security Instrument shall be reduced by tie assoact of tb a proceeds maltipW by the following fraction: (a) the total amount of the saws secured ismmediatdlr before the tsk S divided by (b) the fair market value of the PropeRy immediately before the taking. Any balance shall .be, If the Property is`absndoned by Boaower, or if, after notice by Lender to Borrower that the condemnor offers to make ss sward er settles claim for damages, Borrower fat7s to respond to Lender within 3f) days sfter the date the notice is pvew Leads is satho&W to collect andapply the proceeds, at its option, either to restoration or repair of the Property or to tine same secured by this Security Instrument, whether"" then due. Uakss Larder asd Borrower otherwise agree in writing, any application ofproceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 10. Bsrmse Net Man* Parieaaaeae By Leader Not s Walver. Extension of the time for payment or, 'modification of amortization of the attms •s oared by this Security Instrument granted by Lender to any atsccertsor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrowees successors in interest. Leader shall not be required to •commence proceedings against any successor in interest or refuse to extend time for psyment or otherwise modify amortization of the sums secured by this Security ltwrument by reason of any demand made by the original Borrower or Borrower's succeswo in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver ofor preclude the etacise of any right or remedy. 11. Secemm amd Am4a s Bamd; JWat wd Several Lishll W, Co dpers. The covenants and agreements of this Security Instrument shalt bind and benefit the successors and assigns of lender and Borrower, subject to the provisions of patssgaph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrunm nt 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, mod*, forbear or make any accommodations with takard to the terms of this Security Instrument or the Note without that Borrowees consent. IL Lose ChmW& If the loan secured by this Security Instrument is subject to a law which sets maximum loan charge„ and that law is flnndly interpreted so that the interest or other loan charges collected or to be collected in connection with the loom exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount = s ' 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. Ifs refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 13. Iwgisis m Alfaetfmg Fender'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, my require immediate payment in full, of all sums secured by this Security Instrument and may invoke any remedies r permitted by pugmpb 19. ULender exercises this option, Lender shall take the steps specified in the second paragraph of paragraph 17. 14. Nodess. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by Mt elan 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 snail to Lender's 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. is. Cure afeg Law; Sevend0ty. 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. Borrowees Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property ors Beeefilclal Interest to 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 of the date of this Security Instrument. AhtiQn; t_.MIdCr glfArt oiVP R(1rrAwli notice of aecelemtinn_ The naliCC shall tffAYide a neriod __ - - -_- - - of not lest 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 rerrWiespermitted 6ythis Security Instrument without further notice or demand on Borrower. - - I�rw *es s Riot to i elumte. If Borrower ram etS cerlsin conditions, Borrower AJ- have Ilse riglst to ha-w enforcement of this Security Instrument discontinued at any time prior to the earlitr of: (a) 5 days (or such other period as applicable 1sw.may specify for reinstatement) before sale of the Property pursuant to anypower of sale contained in this eat Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: L. (a) pays Lender all sums which the;i 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 Lender may ti reasonably, require to assure that the. hen of this Security Instrument, Lender's rights in the Property and Borrower's' obligation to pay the sums secured by t his 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 occurred. However, this right to reinstate shall not apply in the.case ofacceleratson under paragraphs 13 or 17 I