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83 = 103370 If t eadw nquirad mostgoge itaursacs w a wadibon of freaking the loan secured by this Security instrument. Morrows. "M the pratiium requited to maintain the insurance in effect until such time u the requirement for the imtartiinee.Ilneh iRSior+oolisince with lorrames and Leader's written agreement or applicable law. IL itiondw i.d Wr w or its Wat may nuke reasonable entries upon and inspections of the Property. Leader tW 1 ji+rtltret+owetwdd, a atft limn ofor prior loan. pectiori specitjring reasonable cause for the inspection. 9. CoWWommi m, Thepp etc a & of any award or claim for damages, direct or consequential, in connection with any coadasnation or otha taking of any pan of the Property, or for conveyance in lieu of condemnation, are hereby tusigswd and mall be paid to Lender. In the evew of a total taking of the Property, the proceeds shall be applied to the sums strewed by this Security Immina rot. wheel w or not then due, with any excess paid to Borrower. in the event of a partial taking of the Property. taalsas Borrower atad dander otherwise agree in writing. the susses secured by this Security lastttimettt dull be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums scetued imamdbately 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 a claim for damages. Borrower fails to respond to Lender within 30days after the date the notice is given, l.ettda is authorized to collect acrd apply the proceeds. at its option. either to restgitmljan or repair of the Properly or to the suns secured by this Security lutstr)sient, whether or not then due. Unless Lender and Borrower otheswise isym in writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly payments ceerred to in paragraphs 1 and 2 or change the amount of such payments. 110. Darova Not Rebowil; Ferlss4mw By Levier Not a Waiver. Exteidhm of the time for payment or modification cif amortization of the stutu secured by this Security Instrument granted by lender to any successor in interest of Borrower shall not operatic loyelease the liability of the original Borrower or Borrower's successors in. it terest. Larder shall not be required to commerim proceedings against any successor in interest or refuse to extend t'ktw for payment or otherwise modify amortization of the suns secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's sucemsors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude tlaeterciase of any right or remedy. 11. Sseeaaaora and Aadpa Son* islnt aid Sevwd W6111 W. Co-signers. Thee covenants and apeements of this Security Instrument shall bind and benefit the somcssors and assips of Lender and Mr.mwer, subjrrt to the provisions of paragraph 17. Borrower's covenants and apeemmts shall be joint and several. Any Boirctirer who Ct signs this Security instrument but does not execcttte the Note: (a) is eoaiigtting this Security instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terns of this Security Instrument; (b) is to personally obligated to pay the sum secured by this Security Instrument; and (c) agrees that I and any other Borrower may agree to emend. modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without fives eosr�er'. �� tom! . 12. Loam Cbarpe. If the loan secured by this Security Instrumenr is subject too law which sets maximum loan charges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits. then- (its, any such loan charge aWl be reduced by the amount necessary to reduce the charge to the permitted limit; and M slay sums already collected from Borrower which exceeded permitted Ii Its will be refunded to Borrower. [ender mazy choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower.. l f:a refund reduces principal. the reduction will be treated as a partial prepayment without any prepayment chine undeitlle Note. I& I. sklatlsa AAbeft LasrdWs Rights. If eitiament or expiration of. apoicable laws has the t. ect of rendering any provision of the Note or: this Security instruma.r uineitforceable according to its terms. Lender, at its option, may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies permitted by paragraph 19. if lender exercises this option. Lender shall take the steps specified in the second paragraph of paragraph IT li, Notices. Any notice to Borrower provided for in dais Security Instrument sfrall be given by delivering it or by mailing it by first class mail unless applicable law requires uas of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Leader. Any notice to Lander shall be given by Am class mail to Lender's address stated herein or any other address Lander 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 IS GMeea ft law; Severe Wity. 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 effect without the conflicting provision. To this end the provisions of this Security Instrument acid the Note are declared to be severable. 1C .: flartaw a Ccrq. Borrower shall be given orie conformed copy of the Note aM of this Security instrument. 17. 'Thoshr of tie Property ors Benefielal lot~ in Borrower, if all or any part of the Property or any interest in it is sold or tmnsterred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Undees prior 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 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 lest than 30 days from the date the nonce is delivered or mailed within which Borrower must pay all sums secured by this Security lastrurant. if Borrower fails to pay these sums prior to the expiration of this period. Lender may invoice any rewredies permitted by than Security Instrument without further notice or demand on Borrower IL BernmWe WWW to Relse le. If Borrower meets certain conditions. Borrower shall have the right to have entorceament off this Security Instrument discontinue! 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 sale contained in this i Security Irmrummi, or (b) entry of a judgment enforcing ibis Security Instrument. Those conditions are that Borrower ! (s) 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 5ecunly Instrument, including. but not limited to, reasonable sitorneys' fees, and (d) takes such action as lender may temombly require to assure that the lien of this Security Instrument, Lender's right, in the Property and Borrower's obhpio4m to pay the suns secured by this Secunty Instrument shall continue unchanged t1pon rein• tatement by llotrv*er, this %fturity Inslrutnent and the nbhaations secured hereby shall rernatn fully effective as if tit) acceleration had �-ccurred IfOwever, this right to reinstate shall not apply to the caw. rdacceleratiun tinder paragraphs i t fir 17 x!