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F 90' 105248 if Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument. 1� 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. �. 9. insinihn. Leader 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. Cbadenniaflaa. The proceeds of any award or claim for damages, direct or consequential, in connection with r any coned umatuoa oc other tasliitig of any part of the property, or for conveyaese in lieu of coudemnatioe, an b ireby pod and shell be padd to Lender. In t* event of a total taking of the Property, the proceeds shall be applied to the sums secured by t:hut Security Iasttutnent, obcf<I);er or not then due. witib any excess paid to Borrower. In the event of a partial taking of the Property, uahp s Borrower and Lender otherwise %rne in writing, the sums secured by this Security Instrument shall be reduced by 110 hagount of the proceeds multiplied by the following fraction: is) the total amount of the sums scoured imriumUteiy Won the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shale be pafd'to Borrower. If the Property is abandoned by Borrower. or if. after notice by lender to Borrower that the condemnor tolleirs to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the not ice is given, Lender is authorized to collect and apply the proceeds. at its option, either to restoration or repair of the Property or to the sums saured by this Security Instrument, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal Shull 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 Releaaedl Forbearance By Lendtsr Not it 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. 1 Leader shall not be required to commence proceedings against any successor in interest or refuse to extend time for 1 p lyr!letlt or othewise modify tttrlorlizsli4!! cif the s:trrss secured by this 4!+etlrily Ir►cl.umetitt t+.0 rexs+ut of any demand riu& 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 of or preclude the exercise of any right or remedy. 11. Snoesnotrs titsll Assign Bowndi Joint and Seven! l4abllltyt Co-slows. -fhe covenants And agreements of this Security instrument shall hind and benefit the successont and assigns of !.ender and Borrower, sub*. i to the provisions of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who cosigns this Security Instrument but does not execute the Note: (a) its 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: (h) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any tither 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. 12. L Lino Cberps. If the loin secured by this Security Instrument is subject to a law which sets maximum Icon charges, and that law is finally interpreted to that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limim.• 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 chotwr 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 charge under the Note. 13. I.4gM4tion Afl<el %ft Leader's R401& If enactment or expiraimm of applicable laws has the eA'oat of rendering any provision of Alto- Note or this Security Instrument unenforceable a i:cording to its terms, Lender, at its option, may require immediate payment in full of all rums secured by this Security dnorumeni and may env4dw any remedies permitted by paragraph 19. If Lender exercises ohm option, Lender ~hall take the steps specified in the w and paragraph, of paragraph 17. I14. Notices. Any notice to Borrower prosrded for to this Sccurit) it on-umrnt %hull he given kt,& :r*venng it cot by mailing it by first class mai; unless applicable law requires use of another a wdaod The nonce %hAV '* MUl td At' the Property Address or any other address Burrower designates by twice a► Lender Any nt%t►tcc to Lent* P;Ull be L;i,srtn rep first class trail to Lender's address stated herein or any tither sdtL' cys Lender designates by mmec to Born ►wvr Attu r,, Awe provided fix to this Security Instrunmw mill be deemed to hose been given tr Sofrowcr nor, it -ender when given as provocd f m this paragraph. 15. Getertiift Lattii><: `ak.erability. 7 hub :aunty Instrument shall he k..Y••K►naY1' km �cdcral law and the law of the jurisdiction to *hx b the M.- ,;*pmy is t w*W In the event that any pro%istun tit dau%e'an(' ::'iii% Security Instrument tx the Note conflicts wtth s I c;&; d law. %uoti t -milict %hall not affect Mother prinmous of thi% Smunty Instrument or the Note which cart be given e1far, rithout the ev aAtctmg pnwtsion. To this end the provisions of this Security (nstrumem and the Note are detliared tribe sw,rrabk. 19. RwronstrIsCanit. Borrower shall be seven tine conformed cons of the Note atul of this Sct:uttty Instrument. 17. Tistisdtir. of do Property or a Bomficu d Iaicmt is Btwmwer. If all or any part Alf the Prt+peny or any interest in it n said ew transferred Bur tf a betteflctal interest in Borrower is st ►W for tranderred and Ilorrower i. nol a natural person) willkwt Lettder'a pour written consent. Lender may, at u% opnim, rcgatre imn"tate payment in toll of all sum% secured by this Security fn%tru mm FGttwever, thrx option %Ball not be exacmed by l xrnler it etirro e n proluhted h) Weral law out of the date M thatAt cura.. IoW rwount If Leader exercises this option, I ett►kr shall Sne Btxrowce nistice of wcekramm The mole Mhall prtovtde a lwntrd ofnot less than .110days from the datr Arlo notwe m deh%eml m mailed within which llormucr inu%l troy all %um% %ed:ured by this Security Instrument. If Borrower fault, to pay these sums prix its the rsptranon col llin penoid. Lender may u,vttke any remedies permitted by this SKunty Instrument viuthout further ndsta:e ter demand on dttirrower IL Bttrrower'la Right to Reisetate. If Elortower mat%certain condimom. llt►trrtwer shall ha.e the right to hose enforceinest col' this Security lnarutnert diwontinued at any time pn.w to the car her t+f la! t dais It•r %uch t>,her petutd a% applicable law may specify fur reinstatement) before wk t+t the Prc><terty pursuant ht any power tit wk contramed to this Socunty Insttutrirnt; c+r Ibl entry of a fuddgmrnt enli+ratng iii% tiacunty Instrument 1 ht*w etondtuttn% are that Htxitower (a) pays Lender all sum% whch then wdwll be due under chi% Swum% Instrument aced the Note had no a..cerautio mcurre d; th) cures any defauh of any other .tivena"t% tit agtecmcim. (a) pals all e%pen%e% imurreed o► cnlrramg tht% Scrum) Instrument, irtiluding. but rust limned to. reauonabk atterne%%' fee% aiij td) take% wth a.nttii a. I ender ma) resuonably require to assure that the hen of this %eautrty Insttunient. 1 ender'-. right% in thr l'rt.perr) and Iktrrrwer'% t►bitgati►n to pray the sums %enured by this Scrum) luorunient %hall .rntinue tom hanpved t 1%,n minotucincnt h% lkoritmer. thitSetwity In%trttment and theivNigation% vauted herch% .hall remain fulls rrlcrtoe a%iI m.at.r lei Atwty had 11tvurresd lit+ +ever, tits ngM to rernsute shall our app!) in the .&%e ill at.eltrimet.n under p ragraph% t n to 1 " J A IN 7 t� 1�. -r �1 J