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$9+": 103438 If Lender required mo insurance as a condition of making the loan secured by this Security Instrument, required to maintain the insurance in effect until such time as the requirement for the kt with Borrower's and Lender`s written agreement or applicable law. its gent may make reammble entries upon and inspections of the Property. Leader wa rte ofor prior to an inspection specifying reasonable cause for the inspection. !. C,oatlatsaatias. The proceeds of any award or claim for damagm direct or consequential. is comsection 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 suns secured by this Security Instrumeth,, whether or not that due, with any excess paid to Borrower. In the event of a partial taking of the Property. unless Bartrmw and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be educed by the arnamzA'c+f the prooeeo. multiplied by the following fraction: (a) the total amount of the suma.sttcured Wainedistaly L' W'.vre the taking, divided by (b) the fair market value 4 the Property immediately before the taking. Any balance shall be FW, to Bova wer. ' If the lroperty is stimilotstdt by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to irtalaeaa aystar claim focr,Lmages, Borrower fails to respond to Lender within 30 daysafter the date the notice is given, Lender is authoritettacoikin and apply the proceeds. at. its option, either to restoration or repair of the Property or to the sums secured by thiisSscurity lastrument, whether or not then Uttfem Lender and Bommw otherwise agree in writing; a atvsapplication of proceeds to principal shall not.quend or postpone tha4w date of the monthly payments rd'erred to in parag ilft i and 2 Of cbMW the amount of audit Psyttsatts. i!L . Rwrrwar Nat Rdeas * Forbearson By L end p Not a Walter. Extimsi m of the time for gwMent or ..wdilest bn of amortization of the sums secured by this Security instrument grantedt by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower`s igtccessom in interest. Lender shall not be required to eornmence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortistion of the sums secured.by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy ihall not be a waiverof or prviciudethe exercise ofany right or remedy. -. 11. Sttotsassrs aed An*= Bow$ Johd sal Several LUMilty; Ca•aigaers. The covenants and agreements of ; this Security Instrument shall bind and bends the successors and assigns of Linder and Borrower, subject to the provisions of paragrao 17. Borrower's covenmaand agreements shall be joint and several. Any. Swower who co-signs this Security instrument: hoit does not execute the Note: (a) is co-signing this Security Instrumenttvd7 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 - itK awi»`wsa:uaaa by t »w ow;wisj awe,.,,■,w», s.w �u� spew ,»», a.■i■■■c■ ii'w■ sub w.w. •.w• •' -�i�� ...� ... �.......,.. _. .. . _ . . modify. forbear or make any accommodation with regard to the terms of this Security instrument or the Note without that Boirower'samsent. 12. Low Charges. If the tom secured by this Security Instrument is subject to a law which WS maximum loan charges, and that law is ilstally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, then: (a) any such loan charge shalt 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 rdnnded to Borrower. Lender may choose to make this refta,rid by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces princiVeL the reduction will be treated as a partial prepayment without any prepayment charge under the Note. I& Levi bon AAieft Leader's RiyML If enactment or expiration of applicable laws has the effect of rendering any provision of the Note or this Security Instrument unestforceable according to its terms. Lender, at its option, may ropme immediate payment in full of all sums accuteif,by this Security Instrument and may invoke. any remedies lierftWid by paragraph 19. if Lender exercises this option. LerAer shall take the steps speciled in the sed:omipisragraph of ; paragraph 17. 14. Notice. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires 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 trail to Lender's address stated herein or any other address Lender designatft 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. 13. Covere t`, taw, SeversWiv. This. Security Instrument shall be governed by federal law and the law of the jurisdictim.in.which the Property is located. In the event that any provision or clause of this Seisrcity Instrument or the Note ci mAim with applicable law. such conflict shall not collect other provisions of this Security. Instrument car the Note which gamble given effect without thecarifltcting ptm.•sskm. To this end the provisions of this Sectlity Instrurresst and the Note are doider d to be severable. 14L llsrrewwOaC.oy. Borrower shall be given deck conformed copy of the Note and of this Security Instrument. 17. Tra■skr of the Property or a Beraefiefal littered In Borrower. if ail or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural persons) without Lender's 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 acceeration. The notice Shall provide a period ; of not less than 30 days from the due the notice is 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 this Security Instrument without further notice or demand on Borrower. 18. Bortowrer s Right to Reiastste. 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 oft (a) 5 days (or such other period as applicable law may specify for reinstatement) before sale of the Properly pursuant to any power of sale contained in this Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower. (a) pays Lander all sums which then would be due under this Security Instrument and the Note had no acceleration ocetstred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Secwity Instrument, including, but not limited to. reataottable attorneys' foes; and (d) takes such action as Lender may � tessonably require to assure that the lien of this Security Instrument. Lender's rights in the Property and Ikirrower's obligation to pally the sums secured by this Security instrument shall continue unchanged. Upon reinstatement by W- treaer. thu Security Instrument and the obligations secured hereby shall remam fully effective as if no acceleration had iecutted However. thin tight to reinstate shall tint apply in the tare cif cccelcratu•n under paragraphs i3 at 17