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I r I ' 90- 105340 If I.ender required mortgage insurance as a condition of making the loan Secured by this Smutity lu arument, 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 Lender's and written agreement or applicable law. g. ImpKiket. Lender or its agent may make reasonable entries upon and inspections of the Pre Pe rty. Lender shall give Borrower notice at the time of or prior loan inspection specifying reasonable cause for the inspection. !t. CoMesti attar. The proceeds of assy awatnde acclaim for damages, direct or consequential. in connection with any condenirtatkm or other taking of say part of the Proplerty, at for conveyance in 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 not then due, with any excess paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Lender otherwise agroe in writing, the sums secured by ibis Security Instrument shall be reduced by The amount of the proceeds muhiplied by the following fraction: (a) the total amount of the surds secured immediately before the taking. divided by (b) The fair mai trtr value of the Property immediately before the tak*V. Any balance shall be paid to Borrower. If the Property is abandortsed by Borrawer. or if. after notice by Lender to Borrower that the condemnor offm. to make an award or settle a claim fu r dunages. Borrower fails vo respond to lender within .10 days after the date Ow notice is given, Lender is auiborized to collect and apply the proceeds, at its of k^ either to remoration or repair of the li"ro"y or to the stuns secured by this Security Instrument. whether or not then slur. Unless Lender and Borrower otherwise agree in writin& any application of proceeds to principal shall m>t extend kw postpone the due date of the monthly payments referred to rut paragraphs 1 and 2 or change the amount of such payments. 10. Borrower Na Releaoai; Forbserawn By iA%jw Not a Waiver. Extension of the time for joyment or modification of amortization of the sums secured by thi% Security Instrument granted by Lender to any %umessor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower'% successors in interest. Lender shall not be required to commence pftw;edings against any succc%wr in interest or refuse to extend time for payttim er otherwise modi4 aminlizatioa of ;he suss wcosed by then Smunty Instrument by reason of any am. land made by the original Borrower or Bornmmr's successors in sntone.c Any forbearance by Lender in exercising any nghi -,w remedy shall not be a waiver of or preclucte the exerciw of any rigCte . -- remedy. 11. Somemors sad Andres Boaai; Joint and Several L "Ity; Co4ipsers. The covenants and agreements c%f this Security Instrument shall and and benefit the successors mod assigns, s►f Lender and Borrower, subject to the provisions j T!. of paragraph 17. Borrower's covenants and agreements WWI be joint and several. Any Borrower who co -signs this Security Instrument but does not execute the Note: (a) is co- signtti,.:his Sectmty 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 sums secured by this Security Instrument: and (c) agrees that Lender and any other Burrower may agree to extend, i`` modify, forbear or make any accommodalm m with regard to the terms of this Security Instniaawr or the Note without that Borrower'sconsent. I& Loan harps. If the loan secured by this Secunty Instrument r% suh*'t to a law which sets taramenum Icon charges, and that law is finally IaaTerpreted so that the interest or other loan charges collected or to be *Alectc+d in connection with the loan exct7W r,�e permitted limits, then: (a) any such loan charge %hall be reduced by chi amount necessary to reduce tbe chsrpe to the permitted limit; and (b) any sums already collected frown Rmwower which exceeded Permitted limits will be rtl indod to Borrower. Lender may choose a► make this refund by reducing the principal owed under the Note or by staking a diret-a payment to Borrowet Its refund reducers principal, the reductsnn weU be treated as a Partial prepayment without any y% epoyment charge under qtr, Note. 1:1. Lislildstlois ABieft YAeadar's IR4*ts. If enactment or eaplrsoon of applwa ble lbws has the effect of irenderinS any provision of the Note or this Security Instrument unenforceable according to its terms. lender, at Its optNxr. may require immediate payment in full of all sums secured by the% Security Instrument and may ln%&Ae anv remedies permitted by paragraph 19. If leader exercise& this option. Lender shall take the steps specified in the second paragraph of paragriA017. 14. Notleaa. Any nonce .acs borrower provided for ¢ai then See i sty Instrument %hall be gt%en by delivering et or by mailing it by firu'letkn% mail unless applicabc taw requires use of antwiekr method 1 he no lice %hall be dirwed to the Properly Address 6w any other address Bomo.,mer designates by notice to Leader Any notice io Lender %hall be gnen by first chki t snail to Lender's address stated henets. nr any other *Wres% Lender designate, by notice u► Borrower Any notice provi&i libr in this Security Imstr'uwAves *W be deemed eo, ihtve been gnen to Borrower err Lender when given as prow Wed in this piiniggraph. 1S. Cvveratipt Law; Severahilitys T atk Security -1i"trumenl %hail he governed by fcderasl law avid the taw of the jurisdiction in wbtl h :-lit Property is located Gtr the event that any provision or o:lau%e of this Scuunty Instrument or the Note coallbts 4uh stpighCablc low. "h conflict shall not affect other pmi, miim of the% Securu) Instrument or the Note which can'be Vift effect wi* -%wc Ow conflicting proviso t. I'.i this end the prm nitmo of this Securnjo lus maw.. -rot and the Note are 4wUr+ed'ret list *rver&bW. _rs. — _..�._,,• w• � ."' � �l',OtAt.R.L4.o�.i .n me ��,�C Mnai.� �rfa� i!C'YnTJ InStrUnilnF 17. Beurdclal Ia11ORW is Bw"wer. It' all or any ruin of the Pro►pen) or any interest in it is sold or transferred (or if a beneficial interem' ►.n Borrower t% uQ or transferred woof borower c% not a natural person) without Lender's prior written consent, Lender mss.... at tt% option, require ►rnnwdi bee pa) nwe. it in full id' all sums swured by this Security Instrument. However, this opikm shall not be exercised by Lenskr 1 r%traw t% prohibited by federal law as of the date of this Security l nstrument If L.endereetercises this option. Leader shall gnr &xruwer noNia of acreknac►n The not-we shall protide a peraid r of cwt less than .10days from the date the "we n delnerod or tuatled within which Ilora►v.cr rnu%t pa) all %um% %e%ured h% this Smurity Instrument. If Borrower feels to pay these sums poor to the eupiratit►n 4 the-, period. Lender may tn%t►itt any remedies permitted by this Secunty lnstrumen7 %ithout further notice or demand o i Ilornmer It. 8atroiror's IIIgYt to ileiaatate. If Borrower meets certain conditions, tlorrowcr shall ha%c the right to tw%e en(Omcmeast of this Security instrument distwlinurti at an) time pncor tot the earlier of tai S dad% Ise %u.h t►ther limtod a% applicable law may Spcvcify for reinstatement) Wore sale of the Properly puntunl t.. tin% power of %ale rt+nunned in the% Saurity Instrumrnt-, or tb) entry of a judgment enfwcuig this 5tcureg Irt%trument I h%•%c .t4idm,-ti - itc that Fitifrower (a) PAYS I.eteder all sums which then would be due under the% Sct-univ Instrument .find the Nile had t41 a%.ckrahs►tt Mcwred; (h) cures any default t►f any other %~►tenant %ut agreements. tot pa%% all r%pen%c. ms.urrctl ir► cntarcinK this t` Security Instrument. trwitedinp. Met not limned to. reasonable snorne)%• fe%N end id) tale% %u. h a. toes, a% Lender ma) reasonably require to assure that the Were of lhn siecunt) Instrument, lattice'% right% in the l'ropert% and ll%orr.s%ter'% t►bllgation to pry the SUMS %occult by the% Seruntr Instrument %lull Lonistiuc un.11anized t'p.n rviii%iotemeni h% - Borowet, thn Security Instrument slid the ."IPtkM%' %ecurCd hctehs %hall renuut fully rfle%ii%c a. if n.. a.%rlci.iu-►t had /w -curred Howevtt, this fight to reinstate shall not apph in the caw of r..ctcrarnai under tut.Meet•h% I i of 1' I r