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.90-105344 If Lender required maitgage insurance as a condition of making the loan secured t y Ihis Security Instrument. Borrower shall pay the premiumsi 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. 1, hitMectlew. Lender of 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. 0. CondowAtallon. The proceeds of any award or claim for damages, director 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 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 agree to writing, theaurrns 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 immediately before the taking. Any balance shall be paid to Borrower. If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle &claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given. Loader is authorised to coltoct And apply the proceeds, at its option, either 10 restoration of repair of the Properly 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 duedate of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments 10. 111enatwr Mel ReNaeMi Rodnersnce By Lender Not a Waiver. Extension of the time for payment or atiodificatlon of &~Ization 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 oy 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 cw otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made blithe original Borrower or Borrower's successors in interest Any forbearance by Lender in exercising any right or rarrlsdy doll not be a waiver of or preclude the exercise of any right or remedy 11. vrosseorsarMlAsalgwsRelr+ d;, le4i+flrr►!s!t�►elLklsllify:C4- signer&. The coveria rtsfindegreernent _ ofthis Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to the provisions of paragraph 17 Bor(ower's 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 Secut sly Instrument only to mortgage. grant and convey that Borrower's interest in the Properly under the terms of this Sec urrty Instrornent. (b) is not personally obligated to pay the sums secured by this Security Instrument and (c) agrees that L e ndeir and any nthpr 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. Loan Charges. If the loan sac tired by Ihrs Serursly Instrument is stihjer.t to a law which sets maximum loin charges, and that law is finally interpreted so that the inluresl or other loan charges collected or to be collected in connection with the loan exceed the peemited limits then (at any such loan Charge shall bit reduced by the amount necessary to reduce the charge tothe permitted limit. anrf (b) any sums afri+ady collected from Borrower which exceeded permitted limits will be refunded to Borrower Lunde► may chnnse to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower It a refund reduces principal. the reduction will be treated as a partial prepayment without any prepayment charge iinder the Note 11. L" IslatImANealinot,.wWor'sRighis. Ifenactmontof 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 Ihtmediatepaymertt in lull of all sums seCUred by this Securily instrument and may invoke any remedies permitted by paragraph 14 It Lender exercises this option. Lender shall taker then steps specified in the second paragraph of paragraph 17 16. Motloes. Any notice to Borower provided tot in this Security Instrument Shall he qiven by delivering it or by mailing it by Nrat class mail unless applicable law requires u:M cat another tilt -thud The notice ,;hall he directed to the Property Address or any other address Borrower designates by mitres t+? 1 ender Any notice to Lender shaft be given by first class mail to lenders addiess stated her vin o► ail y other address Lrmdnrdusignalosbynuticeto Hot rower Anynotice provided for in this Security Instrument shall be deemed to have been given to Borrower of Lender when given as provided in this paragraph 15. Ckrientht0 Law; 3ererabliity, Th1a SeL car sty Instrument sh.ilf lip r4rivertlnd by federal law and the law of the jurisdiction In which the Property can kicate►d fn ttie event that aA1l; ptgeves+'.in W ciause of this Setutity Instrument or the Note conflicts with applicable law such comber srntw 0+0 aHeoict Othe it nroviSions al this Securily Instrument or the Note which can be given effect without the confttcring To, this gvrid the p thisSpcueily instrument arid the Note are declared to be severable iB. Oohrowe►'s copy. Boil(3wW 1,01,114M t1or. V;1 V0.0 of the Nute and Of this 5eurity Instrument 11. do t u ,env part of t»r Property or any intererst in it in sold or transferred for of a b"icrat tntifisroll iii BotnMwer ii swirr P, t-.vresfprtM and 6,Nroiteer is not a natural per sari f without Lender's prior written cunwlt Lender took, stir its option rer;u: rip immr,Z.ae« is ; ;•o; mit.nt intuit of all sums Se urvif by 1MSOCurityfnftfunwil However this option shall not tW0 left: ised byLenderrrwrAkYcisetsprunit ,+tedbyfederal law asof the date of this Security Instrument It Lender oiler cisees this option. tender Shall give Boor owilit n<rrii.eofacLeivrm,cin Tmienunt.e%hallptovideipetnrd of not ass than 30 days from the date the notice is delivered of maeletd w +m., . whi c:h Borrower in u9t pay at i suf"S secured by thus SAKutify Instrument it Borrower fails to pay these sums prior to the exp.rat,w'i of this period Lender may iniroke any remedlel poimiltet d by this Security Instrument without further notice of dent,tn4 can Boi►uwe► 1111. tltefromm s RI M to 111101instale. ' It Borrower meatts certain conditions Borrower shall have the right to Matte onto# cementofthisS ecuritylna t► umontdiscontinuedatanytimepilottolneearlierof (a)5 days for such other peri(N1as applicable law may specify for teinstalemenl) before sale of the Property pursuant to any power of sale contained in Ihts 64KW,ly Instrument. or JbI witty of a judgmait enforcing this Sec. ut sly Insir umeni Those conditions are that Borrower lal pays Lendifr all sums which then would be duo under this Security Instrument and the Note had no act: Pleraltun occ ureed (b) cuRM any default of any other covenants of agreements (ci pays all expenses incurred in enforcing this Sltcurely InsitUrrienl. ir- ouding. but not limited to. reasonable atiorneys fe ve. and (d) takes such action as Lender may reasonably requite► to Lssuto that thv lien of this Securely Instrument Lender s rights in the Prolme ty and Hofrowet 3 Mitigation to pay theSuins Wtired by Ihis Socu oily (ntiltllnienf shall conlinue tint: hat iget) t)roh rr•InSlalwnenl by Slitruwtir this `tee unity IhtitfulnVill and this rhitgahtivif, secueetd hereby shall remain fi ill y Off e b,vas if nu at tehr Alto " had ut• (tit rpd However Ihis right to reinstate shall not apply in the case of act eleratton under pat agiaphs 13 of 1 7 ,i - rii t� .:. v »;y Liw+��+ J. r : c y.o,._..•- , c,c,; �. • . pia ; rr, ..-Z is r i