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'105155 of ffWft tb� low secured by ft Lendw required Niag Insurance as a -con Security SWWW Ow"M nptrind td ft ksursncs in WoM untli'mich Wis as the requinernent for'the InsurIFIC111- tarmindea in g=rderm Vft BornmWo and LendeftwOmopme iui orapplic"Inv. Inspection. uxww or its agent may make reasonable enures uim and kVecftm of the,ftParty; Lender shelf give Borrower noltce M the " of or pft to an Inspection spec %ft reasonable =use for this Inspection. it SIJO The F of OW award or claim for damages. direct or consequential. W connection with any conidilmnalion 9. Or odW Wdr* of any PM of the ftperly. or for conveyance In bu of widemnakirt. are hereby assignsd and shat be paid to Lerift Oft the Brent of a UN Wft of the ft"V. the poosecls aW be applied to the sums secured W this Security Insbuinlent whe" Or 111011 OM &% with MW amm POW W SOMWM. In the event of-a partial O"V of the ftpft, mien Borrower and Lam* ad*-*" 'NM shall be reduced by the am" of "M is wft% ow sumia 04=1011 by this Sactift kWW the Firofteds mukow W the *acftL • (a) the UN arno.M of the a" mumd kmmM* balore the Wft divided by to) ft 14 markall value of the ftparly iarOftIo babas Me Iftig. AM' I shall be paid to Bowom. 11the Prop" Is abandoned by Swaw;. or It, alts noilcaby Lender to Borrow that the coridgryin"Offesto make griawait or 010111116 a GWM for dw&VM MmwmwWg tot respond to Lender within .V drys Mw the date the notice isgb collect and W* the proceeds, stitsoption. WWtO_ =. LwWw is agaicriggid to 188100111on M* of the Property or to the sums secured by ft Security. Ins1rurawt whallm or not then due, Ufbft tender and Oldrilow otherwise agree In wM%1, any application of proceeds to principal $half not extend w postpone the due c11111119 Of the 100fft p@yMMft tetened to In paragraphs I and 2 or change the amount of such payments. the rim Ow,goww Relevieck Foi I3YL*n(l#f'KOt41W4hw- Extensionolt ilmsfor payment or modficalbn bf 111=111M. of the sums secured by this • Security Instrument granted by Lender to any suocm;,w In Interest of Swomw shelf not opera* to fdom the lablilly -d the original Sorrow or Borrowers successors in interest Lender shall not be roqL*W to commence pniceedings apkM any success" In Interest or refuse to adand time for payment or otherwise modify ameding" of the sums secured by 90 Security Instrument by reason of any demand made by the original Sommw or Borrower's SUCC . @as= in ift1eML Any (abserance- by Lender In affolft any right or remedy shall not be a waiter of or preclude the exerd3a of any right or remedy. Il. Successors and Assigns Bound; JoInt and Several Uabilft Co-signers. The covenarft and agragrnwft of this Security Instrument shelf bind and benefit the successors and assigns of Lander and Borrower. subject to'the pr6fakins of paragraph 17. Borrowers covenants and Agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but don nd WWAO the Note: (a) Is C•Igft this SOMft Instrument only to mortgage, grant and convey that Borrowers InUraat In the Property under the tam of this Security instrument: (b) is not personally obligated to pay the sums secured by this Security instrument and (c) agrees that Lander and any other Borrower my agree to extend, M(KW. forbear or make any accommodations with regard to the tam of this Smft Instrument or the Note without that socrowees consarrL 12. Loan Chargm if the imn secured by this Security Instrument Is subject to a law which sets maximum loan charges, and that law Is ffru* interpreted so that the interest or other loan charges collected or to be collected in connection with the I= exceed the permitted limits; then: (a) any such loan chugs shelf be reduced by the amount necessary to reduce the charge to the permitted k* and M any sums sk"cly' collated from SwMar which exceeded permitted- limits will be refunded to Borrower. Lander my choose to make this rellund by reducing the principal owed under the Note Or by making 8 61001 payment to Borrower. If a refund reduces principal, the reduction will be bided as a putild prepayment whhcwt any prapayment,charge under the Now 13. Legislation Affecting Lender's Rights. if enactment or COMIN of applicable laws has the effed of rendering any Provision Of the Note or this Security Instrument unenforceable according to its terms. Lender, at Its option, may require kniedisto payment In W of d sum secured by this Security Instrument and may Invoke any remedies permitted by paragraph 19, If Lander exerdege this option. Lender shelf take the steps specified In the second paragraph of paragraph 17. 14. NOUCO& Any notice to Borrower provided for In this Security Instrument shall be given by delivering it or by mailing 11 by first class mall unless applicable law retiukas use of another method. The notice shad be directed to the Property Address or any other address Sommw clesigridse by notice to Lander. Any notice to Lander shall be given by first class mail to Es"daros address stated herein or any other address Lander designates by notice to Borrower. Any notice provided for in this Security Instrument shah be dMn@d to have been given to Sommer or Lender when given as provided in this paragraph. 15. Governing Law; Severablifty. This Security instrument sham 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 apple bb law, such conflict shell not affect other provisions of this Security Instrument or the Note which c*n be given effect without the conkling provision. To this end the provisions of this Security Instrument and the Note we declared to be severable. 16- BWOWWS 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 pan of the Property or any interest In it Is sold or transferred (or If a beneficial interest in Borrower 16 sold or tratisferre.cl and. Borrower Is not a natural person) without Lenders PfW WFIROM Consent, Lender may.al its option. require immediate payment in full of all sums secured by this Security Instrument. However, this option $half not be exercised by Lender It exercise 13 prohibited by federal law as of the date of this Security InstrunignL If Lender exorcises this option. Lender shall &a Borrower notice of acceisr4tion. The notice shelf provide a period of not less than 3o days from the date the notice Is delivered or mailed within which the Borrower must pay all sums sawed by this Security, instrument. if BOMMOf hits to Pay these sums prior to the expiration of this Period, Lander may Invoke any remedies permitted by this Security instrument without tether notice or demand d on Borrower. IS. Borrowseeffight to Reinstate. If Borrower meets certain conditions. Borrower shag have the right to have enforcement of this Security Instrument discontinued at any time prior to the earlier of- (a) 5 days (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of We 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 occurred, (b) cures any default of any other covenant or agreements; (c) pays all expenses incurred In enforcing this Security Instrument. Including. but net firrilted to. reasonable allomeysV fees; and (d) takes such action as Lender MAY reasonably require to assure that the Lim of this SgatfitY Instrument Lend0r'q rights 11n, the Prapa!V and Borro-Arces obrWioto to Pay the sums secured by this Security Instrument shall continue. unchanged. Upon reinstatement by Borrower, this Security Instrument and the obligations secured hereby shag remain fully effective as it no acceleration had occurred. However, this right to reinstate shag not 'iPply In the case of acceferation, under paragraphs 13 or 17. Pip 3 ef 4 F1316.CTI (02)90) 6060023 4F i rue