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89--- 103081 If Lender required mortgage insurance as a condition of making the loan secured by this Security 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 Borrower's and Lender's written agreement or applicable law. S. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 9. Condemnation. 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 in lieu of condemnation are hereby assigned, ;: wk shall be paid to Lender. In the event of a total tailing of the Property, the proceeds shall be applied to the, sums secured by this Security Instrument, whether or not then dm, with any excess paid to Borrower. in the event of a partial taping of the Property, unless Borrower and Lender other use agree in writing. the sums secured by this Security Instrument shalt 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 immediately before the taking. Any balance shall be paid to Borrower. If the Property is abandoned by Borrcw•er, ot if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Bt Ma wer, faits to respond to Lender within 30 days after the date the notice is given, L•ettder is authorized 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 in paragraphs 1 and 2 or change the amount of such payments. 10. Borrower Not Released; Forbearance 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. ' Lender 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 rigltt-Or remedy shall not bea waiver of or preclude the exercise of any rigid or remedy. 11, SM"'estors and ASSIXIs.Bound. Joint ani Several Liability; Co- signers. The covenants and ogreements of tois Security Instrument shall bind and bi�nefit the successors and assigns of Lender and Sorrower, subject to the provisions of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower w•ho co -signs this Security Instrument but does not execute the Note: (a) -is co- signing this Security Instrument ditty to iilz egage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument: (bb zti -not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any 01ber Borrower may agree to extend, L� -- _ t"^dsf;, fcrb_. . - ^- tmR. ar.; aa:.vuuriudaiiuus - -— --- — — - - -_ e �. 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 loan or other charges collected or to -4e'cellected 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 { partial prepayment without any prepayment Aarge under the Note. • 13. 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 aft Sams secured by this Security Instrument and may invoke any remedies D rmi`tted b es paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of 14. Notices. Any notice to Borrower provided for in this Security Instrument: shall be given by delivering it or by mailing ii 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 $arrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated heeeift or any other Lender address designates by notice ta. Borrower. Any notice provided for in this Security lnstrum at.shaI ll in this paragraph. be deemed to have been given to Borrower or Lender when given as provided • . 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 that event any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect: tather provisions of this rument or the Note which can be given effect without the conflicting provision. -T-6 this end the provisions out �rcuiritr lrestrurtrs :ni and the Note are declared tn be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of thiz,:securfry Instrument. 17. Transfer of the Propert* or a Btimfteial 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 its may, at 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. if Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30days 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 per' iod, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 1111. 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 to prior the earlier of: (a) 5 days (or such other period a% L applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or (h) entry of a judgment enforcing this Security instrument Those conditions are that Not roter (a) pays Lender all sums which then would he due under this Security Instrument and the Note had no accelctauon occurred, fb) cures any default of any other covenants or agreements. (c) pays all expenses irn•urred to enforcing this Security instrument, including, but not hrnited tu, reasonable attorney%' fees. and fd► takes .uch action a% I ender mau rra %onably require to a%surc that the hen of this Securo} ln%trntnent. 1 end -c r'% rights :n the Prrnrc•rty amt ttorrnc<<r's +±bltgat:e?n !e+ P. 14 sums ,ecurrei toy tiros Security instrument %hall uattuurc unchanfed t'1 „qn rent %taten h �.. %. +eut Wrro+%%er. thr. Sectertty Instrument and the )hIlgatiow. se�"arcd hereby shall rcnt.nn full% (-tier tot•.+% it o at ciciamin h.ul rKcurrrd 111- Aever,Ow-righturretnsrtte shall notapphuttia•r., %r + f; uteleritomunder •r {•,tr.+sr,t,6.ft.•r {'