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gG....; 105068 AE ROE MP- SDI 6 If Lender required mortgage insurance as it cpndition of making the loan secured by this Security Instrument, Borrower shall pay thn prmiuna mquiaA to maintain the insurance in effect until such time as the requirement for the insurance terminates in %gc9rdttK%wi Borrower's and Lender's written agreement or applicable law. g: IaspectWit. Zeoder cw.itef alt may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notiae lu the time Oor prior to an inspection specifying reasonable cause for the inspection. 9. 'ACoadema &Min;Y Tie i of any award or claim for damages. direct or consequential, in connection with any condemnaiion or, otha o7 any part of the Property, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid toLertder. 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 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.tltttt the condemnor offer to make an award or scuitf a claim for damages, Botrower fails to respond to Lender within 300q.% after the date the notices given, Lender is aut wired to collect and apply the proceedt% At its option, either to restoratian or repair of the Property or to the sumssecum. , rhythisSecurityInstrument .whethcrortacit.tlumdue. Uutu" taut Uorrower otherwise agree in w rising, an$.application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs I and? 2 or change the amount of such payments. 10. barrewer Not Reletised; Forbearance By Leader Not a Waiver. Extension of the time for payment or modification, tzf amortiratio» of the sums secured by this Security Instrument granted by Lender to any successor in interest of ldrimwer 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 b�� coaxer scary demand made Oy 4hc original Borrower or Borrower's succasors in interest. Any forbearance by Lender iii exercising•sxsy,right or remedy sly not be a waiver ofor preclude the exercise of any right or remedy. 11. Swecaasom sad Assilm IBotuw; Joint and Several Liability; Co- signers. The covenants and agreements of tbiltSecurity In4trument shall bind and benefit the successors and assigms of Lender and Borrower. subject to the provisions ofpahamplt" 11, Sorra,+tmees covenants and agreements shall be joint and several. Any Borrower who cosigns this Security faasuvtnent; 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 t ... the sums secured by this Security Instrument; and _ c) agrees that tender and any other Borrower may agree to extend, ? modify. forbear or snake any a=mmodations with regjard to the terms of this Security Instrument or the Note without` that Borrower's consent. 12. IA= Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loam charges, and that law is faually iaiteipieted so the the iracr.:at or other loan charges co locted or to be col : =t"...3' in connection with the loan exceed the 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 taakietg a direct payment to B"cower• If a refund redW. a principal, the reduction will be treated as a p#xt'W prepayment without any prepayment charge un+4r, the Note 13. Lee slation Af!<ectittg l.aadsr's Rights. If enactment or ex�ration of applicable laws has the effect of rendering any provision of the Note or this Security Instrument unenforceable scoording 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 p*_!+_!gMn% t o if t rnder exercises this ontion. Lender shall take Unit ften smilied in the second Paragraph of •lassrotjrapl+ : i. ; -_ - 14. Notices. Any notice to Borrower provi4i. -d- 'or in this Security Instrument shall be given by delivering it or by m..wling it by first class mail unless applicable law roguires 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 Lender's address stated herein or as„y other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be domed to have been given to Borrower or Lender when given as provided in this paragraph. i ILS. Caverniag Law; Sevet;abiUty. This Security Instrument shall be governed by. federal law and the law of the i ' jurisdictiosmwsrhich the Property. is located. In the event that•any provision or clause of"this Security Instrument or the Note coaAirts; with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note i I*h can be given efat without the conflicting provisions. To this enti -the provisions of this Security Instrument and the Note are declared to be severable. 1C .0arrowees Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17.," D'assWer of the Property dr a Beneficial Interest in Borrower. If all or any part of the Property or any i nrest in•i['im-sold or transferred (or if a beneficial interest in Borrower is sofd.or transferred and Borrower is not a- natural - pas witbout Lender's prior written consent, Lender may, at its option. tv4uire immediate payment in full of all sums OzWed by this Security Instrument. However, this option shall not be e;Rerdsed 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 3O days from the date the notice i$ delivered or mailed within which Borrower must pay all sums secured by - - this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any ' remedies permitted by thisSecurity Instrument without further notice or demand on Borrower. 1i. Borrower's Right to Reinstate. if iiot'rower 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 sate contained in this Security instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower; L (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, ancIuding. 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 Property and Borrower's bl,gation to pay the sums serurcd by this Security iitstruntent shalt continue unchanged. Upon reinstatement by Borrower, this Security inssrument and the obligation; secured hcret)y shall remain fully effective as if no acceleration had c,. ;rrc 4 Elcueaer, this r13M tv teinstste'shall 1101 apply in acceleration under rarngraphs 13 or 17