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B '1 r 90-105209 if Lender required mortgage insurance all a condition of making the loan secured by this Sa:usity Instrument, Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the insurance terminates in accordance with Bor'rower's and Lender's written agreement or applicable law. 9. Inspsetlon. Lender or its agent may make reasonable entries upon and inspections of the Property. Lmxkr shah give Borrower notice at the time of or prior to an inspection spvdfj ing reaaonable cause for the inspection. 9. Caukausides. The proceeds of any award or claim for damages. direct or consequential, in connection with any condemnation or other taking of any part of the Property, or for conveyance to lieu of condemnation, are hereby 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 or mot then dire, with any excess paid to Borrower. In the event of a partial taking of the Property. unim Borrower and !.ender 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) the fair market value of the Property imtaedrately before the taking. Any balance shall be paid to Borrower. If the Property is abandoned by Borrower. or if. after notice by Lender to Borr mer that the condemnor offers to maker an award or settle a claim for damages, Borrower fails to respond to Lender wlthrw Stn days after the date the notice is given, Lender is authorized to collact and apply the proceeds, at its option, either to rem oration or repair of the Property or cathe sums secured by this Security instrument, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any application of proctords its priner,,pal shall not extend or postpone the due dale of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments. 10. Baer irw Not Rekaaatil ForMarsaw By Leader Not a Waiver. Extensim of the time for payment or madiftation of amortization of the sums secured by this Secunty Instrument granted by L.e der to any successor in interest of Borrower shall not operate to release tfae liability of the original llkwtower or Borrower's successors in interest. Leader shall not be m4aired to commence pnveedings against any %arcc-Lwr in interest or refuse to extend time for pays tt or othermwMnunbry Amertimm of tht xurnt -cured by this Stcunry Instmu—i 1..t by reawm of any in&& by theorngIRW Borroweror Borrow+er'u-tumessors in interest. Any forbearance by Ler11wkw i.n exercising any righl sir ttmedy shall not be+a waiver of or &cclude t'lic exercise c'any nght or remedy. 11. Saasertors aarA Atraigaa L'soutrd; .%tia2 Several LIabIHq: Cn•sigaetn. The covenants and agreements of this Security Instrument shall bind and benefit the,maessors and assigns tk Urder and Ilormwer, 4t01h.)tv1 to the provisions of paragraph 17. Borrower's covenants and agreements shall be joint and wove.-a1 Any Bnrrowcr w'h.T ; .mign% this Security Instrument but does not execute the Note: (a) is co- signing this Security Instrument (only at mortgage, grant an, convey that Borrower's interest in the Property under the terms of this Security Instrument; (h1 i% not p %4mally obligated to pay the sutras secured by this Security Instrument; and (c) ague% that lender and any tither florruwrr way agree to extend. modify. forbear or make any accommodattous with regard ts) the terms q4 this Smurity Instrument or the Note without that Borrower's consent. 11 Loses CUrfilm If the loan secured by this Smurity Instrument is ioubect to a law which sets maximum loan charges, and that law is finally interpreted m) that the interest or other Iran charges collected or to be collected in connection with the down exceed the permitted limits. then la) any such loan charge shall he ctr4mced by the amount necessary to reduce the charge to the permitted limit; and (h) any sums aar. ady collected from kow,: avi-m which exceeded permitted limits will be refunded to Borrower lender may rhlk►%e at n►ai;e this refund by redutmg the principal owed under the Note or by making a direct payment to Borrower. Kit refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note 13. 14" Um Affecting taader's Rights. If enactment or expiration of applicable laws has the effect of rendering any provision of the Note or this Security Instrument unenfiorceable according to u% term%, I - ender, at its option. may require immediate payment in full of all sums secured by Ihn Security Instrument and may in%►olke any remedies permitted by paragraph 19. If Lender exercises this option. Lender shall take the sitl►ts srwrNrd in the t►wond paiian raph vof paragraph 17. 14. lioness. Any notice ti► Borrower provided fi►r to thus Security Inst rumcnt shall he g►%cn by delnering it or by mailing it by first class marl unless applicable law requires use of another method. t he notice -Aslt he directed to the Property Address or any other address Borrower dewgnsies by notice so Lender Ali) noice to I ender %hall he given by first class mail to lends -'s address stated herein tar any other address Lender de%ignatev b}• wince w Ikorrowet Aputy notice provided for in this Swunty Iralrument shall he damed to have been given to lorrower our lender when given as ►w-,avided in this paragraph. is. Governlag Lawl Neve"Uty. Tliw Security Instrument shall he goscrned by tWeral law and the law of the jurisdiction in which the Property is located. In the event that any provision nr clause of the% Security Instrument or Ow Note corifliets with applicable law. such conflicl shall not affect tither provo-wmi of this Security Instrument it the N %ma. which can be given effect without the conflicting provision. To this end the provisiom of this Secunty Instrua:nesit and the Note are delared to be severable. 16. Horriaww's C espy. 1-kvri iLer %tiRll stir oi%on .►nr es H►6lrmwi e4ana, of Ili. i %to ai.l .,1 .6u 6w..n...r.r..r 17. Truder of the Property or a Beaeifieial Inlerest In Burrower If all-tit am Imit vi the Pn-prrn .N .,rr6 Borrower interest in it is sold or transferred (or ifs beneficial interest in Bower is sold or transferred' acid lio)rrower is rkw a maturat person) without Lender's prior written consent. L etuler may. of its /option, reyum: immediate payment in full 4 tall runny secured by this S,.ult:y However, this optiW1 shall Owl be exeeciaed by tender if exercise is pnohthiled h9 Axk d law as of the date o►fthis Secunty Instrument. If Lender exercises this option. Lender shall give Borrower notice of acceleration 1 he notice shall pros i& a petkxl of not lest than 30 days from Ilse slate the notice is delivered or marled within which Ntirrower must i%ay all %um% %ttiured by this Security instrument. If Borrower fails to pay these sums pour to the cxp►rat dun oft his 1writd. 1 ender ma) n►sol►c any remedies permitted by this Security Instrument without further notice tit demand on & ►rruwer IL Borrower's RI#t to Reinstate. If Harrower meet% certain ctinditaons, lhirnmer %hall ha%c the right to has% enforcement of this Security Instrument discontinued at any tinoc prior iit the earlier 4 (a) 1 days (ter %uch other p Brad a% applicable law may specify for reinstatement) before sale of the Property put%uant at arty Ix►wci o1 salt , onimitttl to thus Security Instrument; or ON entry of a judgment enforcing this Smunt) In%trumrut. I ho%e .ondnuat% atre that li,►rrower (a) pays Lender all sums which then would be due udder this Se. unty tnstr unient and the Note had no e., rlcrara,ll occurred. (h) tyres any default of any other covenant% tit Agreement %. 1.1 pays all e%Is-n%r% i uir►ord to eahn.utr this Security Instrument, including. but not limited io, reasonshle autirrtey+' ices, and td) talcs %u.h a.Lton is I .ndet ma-. italumably reyune to as sure that the lien of this Smunty lo%tiument. I colder '% rights to site i'rcyK•tiv and K,mowrt's obligation to pay the sums secured by this Secutlly In%trunient %hall uo rout un.hungcd t t,im ivio mi-i a it h% Borrowti, lIm Secure) Instrument and the (blrgahon%sixurcd hhch) %It.tll fh'lltatti lull) ,-tloti u%v A% 11 no ro.clrs.tu� �n h�.l occurred Nowc%ct. this tight to reinstate %hall not apply en the ca%c of accelci ataal under I►at agraphs t t of 1 �1 i- i