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89-- 103239 (� if =fllquired mortgage insurance as a condition of making the loan secured by this Security instrument, ) irrowrer y the premiums - required to maintain the insurance in effect until such time as the requirement for the insurance terntiaatan itt aeootdrmcs will Borrower's and Lender's written agreement or applicable law. IL IxoectlofL Lender -or its agent may make reasonable entries upon and inspections of the Property. Lender shall give.Bott•qwer notice at the tune ofor prior to an inspection specifying reasonable cause for the inspection. 9- CoasdMaalkta. 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 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 in writing, the sums 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 secutred immediately before the takin& 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 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 Harrower otherwise agree in writing, . any application of proceeds to principal shall not extend otr. postpone the due date of the monthly payments referred to in Wagnphs 1 and 2 or change the amount of such paymeef&. . 10. 8011`1001M Not Rekaaed; Forbearance By Leader Not a Waiver. Extension of the time for payment or ' modification of atitartiution of the sums secured by this Security Instrument granted by Lender to any successor in interest cf Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender sCaaU not be required to commence proceedings agiti nst any in successor interest or relitse to extend time for paymentor otherwise modify amortization of the sums secure t by.this Security Instrument by reason of any demand made by the original Bormwer or Borrower's successors . in interest. Anry fccbeamnce by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or iemedy; 11.: Srecerasora atsd AaHgp Bontrd; Joint and SeveW Usi�11t,Y, Co- signers. The covenants and agreements of this Security Instrument shall bind: and benefit the successors and assigns of Lender :.a.& Horrower, subject to the provisions of paragraph. 17. Borrower's covenants and agreements be shalt 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 >? that Borrower's interest in the Y mortgage, Brant and convey Property under the _ : terms of this Secueicy Instrument; (b) is not the sums secured by this Security Instrument. and (c) kwipi s tutu t_l- d r !--d- .n other to personally obligated pay _ - - -- ---- '""y ..thr....^rr..::cr —may :arse ro . xt extend, modify; fdrbear fir make any accommodation with that Borrowers consent n1�d 1�3 terms of this Security Instrument or the Note without 12. Imm CMrgm If the loan secured by this Security Irst*+st mett is subject to a lair which sets rrmWinum loos charges, and that law is finally interpreted so that the inte rest or other" lore c charges collected or to be -- connection with the lave exceed the collected 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 to Borrower. payment If a refund reduces principal, the reduction will be treated as a . Partial prepayment without any prepayment charge under the Note. 13. I.egbLtloa Affecting Leader's R4*ts, If enactment or_expintion of applicable laws has the effect of renderintany Provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option, tray regaite.immed ate payment in full of all sums secured by this Security Instrument and may invoke any remedies: Permitted bY Ida V apb 19. If Lender exercises. this option, Leader shad tsSr'e: the stVs''"ified in the second prerastapls•i ?:. paragraph oaf 11. Notkis. ' Any notice to Borrower provided for in this Security Instre meat shall be given by delivering it or by trailing it by first class mail unless applicable law requires use of another method. The notice be directed shall to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by fist class mail to Leader's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided, in this paragraph. IS. Ggferai■t Law; SareraUty,iy. 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 this Security of 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 effect without the conflicting or provision. To this end the provisions of this Security and the Note are declared to be severable. 16. Bsrt+awtr's COPY. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Trankr of the Property or a Beneficial Interest in Borrower. If all or any part of the Property interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is o a natural Person) without Leader's prior written consent. Lender may, at its option, require immediate in full payment 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 30 days from the date the notice is delivered or mailed within which Borrower must Security , this Instrument. if Borrower fails to Pen all sums secured by remedies pay these sums prior to the expiation of this period, Lender may invoke any Permitted by this Security Instrument without further notice or demand on Borrower. ' It. Borrow'er'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 prior to the earlier of (a) S days (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of We contained in this Security instrument; or (b)ent.y o. & judgment enforcing this Security Instrument. Those conditions Borrower: are that (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 reasonably require to assure that the hen of this Security Instrument. Lender's rights in the Propeny and borrower's obligation to pay the sums secured by this Security instrument shall continue unchanged Upon reinstatement b) Borrower, this Security Instrument and the obligations '>• secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to remstateshall not apply >n the case of acceleration under paragraphs 13 or 17