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r 103657 89- 919 U3 If Lender rat WIW raMAW laattMM its a condition of making the Irian secured by thin Security Inttr=fvt, Borrower shall pay the as pr eaaiums tO ttsaintain the insurance in effect until such titre the requirement, for the insnnranceF tettttitnates ins acoon daeoarw 1'Isrrower's and Lender's written agreemernt or appsalble law. & Ia"lsethm l,eadar or its spo may make reasonable entries upon and inspections of the Property. leader shW give 9orrown notice at the beef er prior to an inspection specifying ressonab lee cause for the ineWtion. 9. Camdem■sdoa. The proceeds of any award or claim for damages, direct or comequandt4 in connection with MY Mist or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby arsiigtnsd and shall be paid to Leader. 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 t"ll of the: property.. undue Borrower and Leader otherwise agree in writing, the sums secured by this Security Instrument shat( be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured iw=ediat* p6ea6dore t� taking. divided by (b) the fair market value of the Property immediately before the tabrig. Any balance shall be If the Property is abandonexl by Borrower, or if, after notice by Fender to Borrower that the oondemoor dPiers to make an award or settle a claim for damages, Borrower fails to respond to lender within 30 days after the date titer; notice is given, Leads is authorized to collect and ably the proceeds, at its option. either to restoration ox repair of tine Property of to the sum secured by this Security InstrumW44, whether or not then duo Unkas Lender and Borrower othaawm spree m writin& any application of proceeds to principal shall sblot extend or postpone the due date of the monthly payments~ refered to in paragraphs I and 2 or change the amount of s4NA payments. It Do am Not Relewe$ Fabeeraaoe By Lesider Not a Waiver. Extension of the time fattr payment or modiScation of amortization of the sums secured by this Security Iiarumennt granted by Lender to any successor in interest of Borrower shall no operate to release the liability of the origi rxanl Borrower or Borrower's successors in interest. I.ertdQ dwU not be required to comanenm proceedings against any nor in interest or refuse to extend time for payntdent or otherwise too ft Unnatizatio n of the sums secured by this Security Instrument by reason of any demand made by the origii W Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 11. 1-9 P c asses and Assigns Based* Joist and Several Llabiiity; Co44purs. Tire covimauts and agreements of this Security Instrument shall bind and benefit the successors and assigns of Fender and Borrower„ subject to the provisions of para;rapb 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-si this Security Instsvasent but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, graers and convey tbat_ l)onower'_s inter in the Ps+i mnv under the.terms of this Security :Inntrunseent; (hl is nne perse...tty ot.l....* .o �Y . the sums secured by this Security Imiument;, and (c) agrees that Leader and any other Borrower rosy agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 11 Lem Charms. if ibe ioan secured by this 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 loss exceed the permitiod limits. then: (a) any such loan charge shall be reduced by the amount meoesrary to redum the charge to the pert tOW limit; and (b) any sutras already collected frgax Borrower which exceeded permitted limits wilt be refurtdad.to Botro�t►er. Lender may choose to make this refund by irrlaxeing the principal owed asdri tbr-Note or by making a dhtct payment to Borrower. If a refund reduces principal. the reduction will be treated as a partial **yment without any Vrepayment charge under the Note. ,13. Lagisled n Meeting Usider's Rigbb. If enactment or expiration of applicable laws has the effect of readertng any provision of the Note or this Security Instrument unenforceable according to its tams, Lender, at its option, may require immediate payment in full of all sums secured by this Security Intstrument and may invoke any remedies permitted by paragraph 19. If Louder exercises this option, Lender shall take the steps specified in the second paragraph of paragraph 17. 14. Nsdees. 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 oe.j my other address Batiniver designates by notice rss Lender. Any notice io Lender shall be given by Bert Cbm mail to Loider's adilms,stattedhersin or any otha address Lender designates by notice to Borrower. Any notice prvid6a'for in this Security Instrument shall be deemed to Brave been given to Borrower or Lender when givew as provided 1�'ap 13. Goverairrg Law; SevesabiHt . This Security Instrument th" be governed by federd lkw and the law of the jttradictiom in whirls the Propett7y is,iaicare>ifi:.Ii: the event that any pr+ovisiom or clause of thi3'Secxtrity Instrument of 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 and the Note ate declared to be severable. 16: Harnswer's Cody. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Trmwkr of the Property or a B nelkW Isurew is Beitmeswer. If all or any part of the Property or any interest is it is sold or transferred (or if a beneficial interest in Borrower is 9M or transferred and Borrower is not a natural person) 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 acceleration. The notice shall provide a period of not kaa than 30 days from the date the notice is delivered or mailed within which Borrower must pay all c,imc w tired by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Fender may invoke any reanedies permitted by this Security instrument without further notice or demand on Borrower. Ili. >dorrewer's RigM to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have e kweetrnent 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 sale contained in this Security instrument: or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower (a) pays Lender all surtns which then would be due under this Security Instrument and the ]!tote 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 maw rpsonabiy require to assure that the lien of this Security Instrument. Lender's rights in the Property and D oraower's obligation to pay the surna secured by this Security Instrument shall continue unchanged t'pon rerncratemerit by Borrower. this Security lnstrunicnt and the obligations secured hereby shall remain fully cf cctne a% if rin accclerattan had occurred. Ifoweves. this right to reinstate shall rton apply in the caseof acceleration tinder paragraphs 13 or 17. i.