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I 90 -Zp 556'7 If lender required mortgage insurance u a condition of making the loan secured by this Security Instrument, Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the insunutce terminatesin �tccordsitue with Borrower'sand Lender's written agreement or applicable law. �. Itatt�p" ,,miler or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Ilorro 10 tif* its the tithe of or prior to an inspection specifying reasonable cause for the inspection. 9. Condommus a. 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, we 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 them due. with any excess paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Lasnder otherwise spa in waiting, 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 Ware the %U divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be If the Property is abandouid by Borrower. or if. after notice by Lender to Borro%mr that the condemner offers to snake an award or settle a claim for da;:nages, Borrower fails to respond to Lender within V days after the date the notice is given. Lender is authorized to colkct and apply the proceeds, at its option, either to restoration or repair of the Property or to the stuns 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 due date of the monthty payments referred to in paragraphs I and 2 or cbange the amount of such payments. 10. Borrower Not Rdeasad; Forbearance By Lender Not a Waiver. Extetamon of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by lenazr to any successor in interest of Borrower 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 secures by this Security Instrument by reason of any dem;snd trade by the original Borrower or Borrower's successors in interest Any forbearance by Leadrlr in exercising any right er Tomedy t Radii nos be s waiver of im pre dudc the cxerci w of any right or remedy. 11. Saves om 'and Aniline Bound; Joint sad Several Unbility, Cosigners. The covenants and agreements of this Security Instrumena fball bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security , Instrument bred does not execute the Nine: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the Reims of this Security Instrument; (b) is riot personally obligated to pay the sums secured by thhis Security Instrument; and (c) agrees that lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Secunty Instrument or the Note without that Borrower's consent. � V 12. Law (urges. if the loan secured by thin Security Instrument is subject to a 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: (a) any such !,oan charge shall be reduced by the amount f necessary to reduce the charge to the permitted limit; and (b) any sums Arcady collected from Borrower which exceeded permitted limits will be rtflrnded to Borrower. Lender may choose to make this refur 3 by reducing the principal owed under the Note or by snaking a direct payment to Borrower. If a refund reduces pnoci pal, the reduction will be treated as a ins partial prepayment without any prepayment charge under the Note. 13. Legislation AReeting Lander's dhows. If enactment or er,ptratmn of applicable :laws has the effect of rendering any provision of the Note or this Securily Instrument unenforceable 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 17. 14. Nodose. Any notice to Borrower provided for in this Security Instrument shall he 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 "dress Borrower designates by notice to Lender Any notice to Lender shall be by �- given first chats mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Irutfrunmnt shall be deemed to have been given to Borrower or Lender when given as provided in this Paragraph. 15. CAVeralstg Law; Severablllty. Thr, 5-ccurity Instrument sha11'h;! governed by federal Cal:. and the law of the jurisdiction in which the Property is located. In the event that any prc►wmcnr: or clause of this Security Instrument or the Note eont6czs with applicable law, such conflict shall not atf!'er; Lather prvi mon% of i t,; Security Instrument ur, file !dote which can be given effect without the conflicting provision. Fo Jhrs end the nrowsmr,% of rhrs Security Instrument and the Note are declared to be severable. 16. Botrrowees Copy. Borrower shall be given one conformed of the Note and of this Security Instrument 17. Treader of tine Propgty or a BeaeflcW Interest in Borrower. If all or any part of the Property or any .46. c>ta no it Ii iVttl vt 11 a1MtCtti{1 lVt 11 a OCIICII0.I81 Itllt:lC?I 111 Dug VMCI Il Mt1Y 111 t1�u7.c1/cu asid IOV11Vwcf 1%not a natural person) without Lender's prior written consent. Lender may_ at its option, require immediate payment to full of all sums secured by this Security Instrument. However. this option shall not he exercised fi} Lender if exercise is prohibited by federal law a 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 tw marled within which 8ntrower must pay all %urm +%ecured by this Security Instrument. If Borrower fails to pay these sums prior it) the expiration 4 this penod. Lender may invoke any remedies permitted by this Security Instrument without further notice t►r demand on linrrower. It. Borftwar's ltigbi to Ralastate. If INwrower meet%certain condrrHin.%, Borrower shall have the nght to have enforcement of this Security Instrument discontinued at anytime pnor rte the urleer 4 fa) 5 days for such other period as applicable law may specify for reinstatement) before sale of the Property pursuant rte any power of sale contained to this Security Instrument; or (b) entry of a judgment enforcing this Smurrty Instrument I how conditions are that Borrower y L (a) pays Lender all sums which then would be due under this Setunt% Instrument and the Note had no acceleration' occurred; (b) cures any default of any other cotenants or agreements (c) pad% all c%pen%e% incurred in enforcing this ; Security Instrument. including, but not limited to, reasonable attorney%' ter%. and fill take% %uch actttln as 1 ender may t` reasonably require to assure that the hen of this Security Instrument. I ender '% rights to the Propen) and Nitr►►wer'% obligation to pay the sums secured by the+ Security Instrument %hall continue unchanged 1•pt►n reinstatement h% Borrower. tha Secunty Instrument and the t►bligations %ecurrd hereh% %bull remain fully effet me a% if nn acceleration had occurred However, this right toreinstste shall not apply mthecaw td accelerattlm under paraRuph% 1 i to 17 J - - - - v �-. rr..: w,--..,..•. 5.�:11r�.Yt.,..,n,nw�--- "+.nYwr f.,..:� :�. ---. -.-�_ . _