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1 g0--- 105589 If Lender required mortgage insurance as a condition of making the lawn secured by this Security Instrument, rf Borrower shall pity the premiums required to maintain the insurance in effect until such time as the requirement for the insurance terminates in accordance with Borrower's and Lender's written agreement or applicable low. a. Inspection. Lender or its agent may make renstonabte enecres upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 9. Cosdeastlatlon. The proceeds of any award or claim for damage% direct or consequential, in connection 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 he applied to the sums secured by this Security Instrument, whether or not then dace, with any excess paid to Borrower. In the event of a partial taking of the Property, awnless Borrower and Lender otherwise agree in writing, the sums secured by 1 his 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 Wore the taking, divided by (b) the for 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 intake an award or settle a claim for damages. Borrower fails to respoind to Lender s athin z0 da)-s after the date the notice is Oven, tender is authorized to collect and apply the proceeds:, at its option, either to restoration or repair of the Property or 'tothesums secured by this Security Instrument. whetheror not then due. Unless lender and Borrower otherwise agree an venting, any application t ►f 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. Borrower Not Relessed; Forbearance By lAwler Not a Waiver. Extension of the time for payment or t modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in i 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 succc%st ►r in interest or refuse It% extend time for ;►sgirvent or otherwisr modify amtlrlization of the sums secured by this Security Instrument by reation of an% 4emand made by theoriginal Borrower or Borrower's successors an interest. Any forbearance by I ender in exercising any fight or remedy shall not be a waiver of or preclude the even. aw of any right or remr(t%. 11. Successors ant! Assigns Bound; Joint and Several Liability; Co•signere. 'fhe cot-enants and agreements of this 'Security Instrument shall bind and benefit the suc%•esroN and assign%of Lender and Borrower. suhjec 1 to the provisions i of paragraph 17. Borrower's covenants and agreements 4.all he joint and several. .any Borrower who co-signs this Security Instrument but doer not execute the Note: tia) a% co• %igning thew Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms of th1% Security Instrument. (h) as not personally obligated to pay the sums secured by this Security Instrument: and (c) agrees that Lender and any tither Borrower may agree to extend, modify. forbear or make any accommodation% with regard w the term% of this Security Instrument or the Note without i that Borrower's consent. 12. tam C uirges. If the loan %ecurcd by IN% Security Instrument a% subject a+ a law which sets maximum la►an charges, and that law as finally interpreters uv that the interest or other loan charges collected or to be collected to connection with the loan exceed the permitted limits. then (a) any such loan charge shall he reduced by the amount necessary to reduce the charge to the permitted limit, and (h) any sums already collected from Iorrower which exceeded perm eted limits will be refunded to Borrower. Lender may chturw a+ snake this refund by reducing the principal owed under the Note or by making a direct paymmi to Borrower. If a refund reduces principal. the reduction will he treated a% a partial prepayment without any prepaymew charge under the Note 13. Leitislatlon Malin Leader's Rights. If enactment tit expiration of Applicable laws has the effect of rendering any provision of the Note or this Security In%trunsent unenforceable according it, its terms. lender. at tic option. may require immediate payment wsa full of all sums wcured by III^ Security Imtrument and may invoke any remedies permitted by paragraph 19. If Lender exerctser this (option, lender %hall take the step% specified tit the second paragraph of paragraph 17. 14. Notices. Any notice to Borrower provided for an tht%Secwro) Instrument %IIAll he gI%en by delivering at or by mailing it by first class mail unlc%% applicable haw re4uate% use of another method I he notice shall 1+r utrected it) the Property Address air any other iJdrev% Borrower dcwrgnatc% by notice to !.ender Any notice to I ender %hall he given by first class mail to Lender's addre s stated herein or ant tither addres% fender designates by notice to liorro%er Any notice provided for tit this Security Instruumena - .41ha:ll he deemed to have beer. ,seven to Btrrrower tit I.ender w hen given a% provtdlod In t his paragraph. 115. Governing Law;, fieverabdi.t t, This St►'.uTUv 1n%trumeart %hall l+c Kommied hti lea(cral law arid the law of the julnslrliction in which the Pra,;wr%% is 1tx tired. In she ,evens 4hat au) pro%mon or , §auw of IN% Securto) 1 ^,�rtamrnt or the Noteconflicts with applicable law, %u%: conflict sh;M mv.t Otter tither prov mon%of tht. Security Inorw:..ent or the Nete which can he given effect without the confl-: ntng rrovnit'►n. lo this end the pro%won% of this Security Instrument and the Note are declared to be severable. 16. Borrower's Coav_ . Wwrower shall be afv. -m one conformed cord of the Note :old tit tha% Sr.-aurt:y ln%trunwnt 17. Tramfer of the Property or a Beat" 11sterest is Borrower. If all or ;Ins part tit the if r,•perq or any interest in it as snld or transferred (or if a beneficial ina1 -ol sit lorrower 1% wild or transferred And ll,tra.ta,r> •% not a natural perum) withottl' Lender's prior written .consent. Lender may, at u% option, reyuare tmmeduare payment in full of ill cum% W- Ured by that! Security Intrunwnt Ht•wtver.. this optstm %hall not he exercised by I ender of exercme a% prohibited by federal law a% of the date ofthisSet:ursly Instrument If Lender exerctces obis upqun, l.rndrr shill gave tforn+wer Holler of a. trlerauon I he notice %halt provide a period of nut loss than i0 days from the state the not is del ascrcd or mailed w athnr w ht: h llorrow er must pa% all mini% set: urml h) this Sri unty Instrument. If Borrower fail+ to pay these %um% prior to the expiration tit this pentad. I ender may r►noke any remeth4m per milled by this Security Instrument without further uu ice it r den►and on li. +ri owet It. Borrower's Rigbl to Reinstate. If Borrower meets certain conditions. Ittotro%ser %hall have the right to have enforwment of this Secunt) Instrument discontinued at any time pour tothe ear her ill (a) s day%wr mooch other period a% applicable Iaw may specify for rean%tatement) before %ale •tl the Prt +pert% 1,ur %u:mt Its any paawer of sale toniiined In thI% L Security Instrument: or Ili) entry of A judgnseut entorcing this %-'Wturny Imtrumc•nt I h,,%t• tnnthtion% are that Borrower (Al I +a)e I.ettder all %ion% which then would he due under this In%trtuncnt and the Now had no at.telcration tM VI'ted. (h) curer an) default of all) tither ttsvenana% tit agreement%. IL I {1a)% ill e%lwti%t % ulturrtA rat eotortualt Ilo% %M''Urll�i InNrurrirnt, 1111, ludang, but nil limited I.,, tea%onasole altttr►u•%% set•% and td) take, much .+.Urn a% I ender me} reasonably require at assure that the lien of that %n urn Instrument. I ender'% tight% art the and Ntatrtw►er'% uhbgauon tti pxy the wins %es:ured h) till% %etumN Instrument thrall .vottnut ur:lnartgrd 1 1%-11 +etnmtalrtnrnt h% Ikrrrower. Iht%Aetuld) Inotutocnt Aod the obllgaimm set ured hrreh% %boll r. atom h11h t11rt tttt ,t% 11 n„ ,t.. rler.tuttlt had tocttatrrd litiwcitct. this tight aft reinstate thall not 01 -111% tit the t amt ' •tat a ele1,111t.n 111141(r p.rr.tt;r.tltlt% I t . r I " I n� 140" 4 J ?t