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r L 10 89--- 10 316 0 If Lender n:,:cd mortgage insurance as a condition of making the loan secured by this Security Instrument, Bairower: hall pay tJoe ptea»tartts required to maintain the insurance in effect until such time as the requirement for the itnurattce terminates in acaordsom with Borrower's and Lender's written agreement or applicable law. & 11"m Wdn :' ' Ustder or its agent may make reasonable entries upon and inspections of the Property. Lender %Wgine Borrower notice atihb time of or prior to ars inspection specifying reasonable cause for the inspection. 9. Co■dsimmatiat. 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 assigtned and "I be paid to Leander. In the event of a total taking of the Property, the proceeds sW. be applied to the sums secured by this Seecuft Inattus aL whether or not then dtm with any excess paid to Borrower- g r. the everrt etf a unless Borrower Lead moiler d�tlaatarise agree in writing. the runners sects e& by, this �� the anaasiltt of tit:. �'u�Y Itgtntmtx�t s� b�ct�dnoed by *ttWied by the following fraction: (a) the total amount of the sam �smc' red immediately bieltjee the taking. divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paidtoBorrower. If the Property is aboadoiind by Borrower. or if. after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice 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 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 Rdeassift Forbseraace By Loader 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 BrKrower or Borrowers successors in interest. Any forbearance by Lender in exercising any right, or remedy. shall not be waiver ofor preclude the exercise of any right or remedy:. IL. Srccemm and AsdNW Bs* JOiat Lad Serreral UsbdfW Co sigaea. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. Borrowers covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument 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 turps .f_eeured,hy thie .lRoe•ssrity l t ' mu and (c) -W-- that - >ty,`..t., = and a't'e' who, OW-B-1 6::c0- clay -&giii in cxieno, modify, forbear or mare any aeeotntnodations with regard to the tennis -of this Security Instrument or the Note without that Borroweesaansent. IL ]Loan ChOWL If the lout secured by this Security Instrument is subject to a law which sets maximum loan charges. and that law is finally; ihterpreted so that the interest or other loan charges collected or to be collected ion connection with the titan exceed the permitted limits, them: (a) any sucli loan charge shall be- reduced by the amount necessary to reduce the'charge to the permitted limit; and (b) any sums already colkae d from Borrower which exceeded permitted limits wiU 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 . Perri prepayment without any prepayment charge under the Note. 13. ]o*latWa Affreetlat Leaekr's Rising. it enactment or expiration of applicable laws has the effect of rendering any provision of the Note or this Security Instrurs mt unenforceable according to its terms, Lender, at its option, may require immediate payment in full of all sums secured by this Security lnsrmrment and may invoke any remedies permitted by paragraph 19. If Lender exercises this option; Lender shall take thesteps specified in the second paragraph of paragraph 17. 14. Notleea. Any notice to Borrower-provided for in this Security-In strument shall be given by delivering it or by.. mailing it 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 Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Leunder's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in thisSecurity Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. G%vnftt Law; Set+eraliliry 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 edf'ect without the cotnsict:ing provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 16. Borrower's CIPY. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. '1'081110111* of the Property or a Beneficial Iate:rext is 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 prier 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. exercise dE -by Lender if exercise is prohibited by . federal l>!w as of the date of this Security Instrument. .:1f Lender exercises this option, Lender shall give Borrower nod 6e of acceleration. The notice shall prcnvi e a treree d of not leers than 30days from thedate the notice is delivered or mailed within which Borrower must pay all sums secured. , this Security 1=94mment. If Borrower fails t opay these sums prior to the expiration of this pe rkW, Fender may invoker ay. . . remediespermittedby this Security instrum =- twithout further notice wdemandon Borrower., . lit. Bserraw11s's Ryrt to R11iaeltate. If Borrower meets certain conditions. Borrower shall 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 sale 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 covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees; and (d) takes such action as Lender may resswubly require to assure that the lien of this Security Instrument. Lender's rights in the Property and Borrower's obligation to pay the sums secured by this 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 Nowever, this right to ranstateshall not apply in the case of acceleration under paragraphs I i or 17 1