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I 90- 10560 If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument. Borrow +.r shall pay 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 law. g. Iasg+Kike. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall pve Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 9. Condsmiuioa. 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, are hereby uAgned 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 then due, with any excess paid to Borrower. in the event of a partial taking of the Property. unless Borrower and Leader 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 takingi, 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 I ender to 1ti%rrow•er lbat the Condemnor Ore" to make an award or settle a cllairm for damages, Borrower fails to respond to Li n dfi r v u hitn 321 days after tlhe .date the notice is )given, )Lender is authorized to acolleet avd - itppily the proceeds, at ay..Ttion. either to "morivi nand or repair vi the Properly or t to •u?aesutrossec►urA by this Security ionsnrument. w:h+ether of net tihendue, Unkss'Lender and So+rroweroibcmwe agree in Y.nting, awn � appiteatiotn of proceeds k•c pnncipn l shall not extend or paairm the due date of iht: monthly payments re'lerred to in paragraphs I an d : or change the amount of suzh paymsems. 10. Borrower Not Rsleaseil; Forbearance By Leader Not a Waiver. Extension of the lowne fu goayanent or modification of amortization of the sums secured by this Security Instrument granted by Lender 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 secured by this Serums 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 WWI no be a waiver of or preclude the exercise of any right or remedy 11. Swensots etas AnIps Bound; Joint wad Savend Liability; Co-si(piers. The covenants and agreements of this Security Instpument shall 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 A ny Borrower who cu -signs this Security Instrument but does not execute the Note: (a) is co-signing this Security In %trumeni only tit mortgage, grant and convey that Borrower's interest in the Property under the terms of this Serunty Instrument; (h) t% not perumally obligated to pay the sums secured by this Security Instrument, and (c) agrees that tender and any other Ihtrruwer may agree to extend. modify, forbear or make any accommodations with regard to the tetras of this Security Instrument or the Note without that Borrower's consent. 12. Loaa Cisarms. If the loan secured by this %aunty Instrument is subject io a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other limn charges collected or to be collected in emnection 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 (h) 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 i under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note 12. I.egislaldoM Alfeetiag Lender's Rights, If enactment for expiration of applicable laws has the effect of rendering any provision of the Note or this Swunty Instrument unenforceable :according too 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 step% spertfied in the second paragraph of paragraph 17. 14. Notices. Any notice to Borrower provided for to this Security Instrument shall be given by delivering it for by trailing it by f)nt class mail unless applicable law requires use of another method 1 he notice shall be directed taro 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 any other address Lender designate% by notice to Borrower Any notice i provided for in this Security Instrument shall be deemed to have been given to lkirrower or Lender when given as provided in this paragraph. IS. CoVeralme law; SeveraNlity. This Security Instrument shall he gtnerned by federal law and the law of the jurisdiction in which the Property n located In the event that any provision or clause of this Security Instrument or the Noteecmfliets with applicable law, such conflict shall not affect other pnnisions of they St.uttty instrument sir the Note which can be given effect without the conflicting provision to this end the provisions of this Security Instrument and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given tine conformed ropy tut the Note and of this Security Instrument. 17. Transfter of the Property or a Beneficial Interest is Borrower. If all or an) part of the Property or any interest in it is sold or transferred for if a beneficial interest in Burrower i% %old sir transferred and Borrower n nut a natural person) without Lender's prior written consent, Lender may, at it% option. require immediate payment in full of all sum% secured by this Security Instrument Hewever, this option %hall nee he esercaw4 &ty I viAer of exercise i% prohLbited by federal law as of the date of this Security Instrument. if Lender exerestits �tihn option. Undeit ihatt p-v Harrower witice t,h ac.c elevaeton . The ra mwc s►hOt Vovmk a pen(A of atir lees than 304ays ffroin Jhe date the notice is 4e'rveaed or mailed % iit,m which hotrnwer ritwo pay. al; -+oom% seeurted by this swurncy 0nsarwtnerot. If l3 Mwaer falls to spay these sums {prior to Otc ettpirwiior; Of this period. i..ender araa? caveAt any rertsex Ver -maned by Mrs 5ecionry try ivurntnc trnitham further rim ja •tr 4mand or, lioirtower 18. Bt nvinar's Illlglit to RAdntiate. '1f Berm er meets certain oo ►tea dohs, horrmAtr'.hail Maul the rtt¢hc 'a:• ta►rae enforcement of this 5e uni:j, lissirument discontwwr4 at any time pnor ray &.t earlier of (a) S day %nave! such other period as applicable law may specify for reinstatement before %ale of the Proper} putswnt to any plower (if sale contained in this Swunty Instrument; or (b) entry of a judgment enforcing this Secutity Instrument Mine conditions are that Borrower L (a) pays Lender all sums which then would be due under this Secunt% Instrument and the Note had no acceleration occurred; (hl cures any default of any other covenant% or agreements. (t.► pay% all eiapen%e% incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorney %' tees. and (d) takes %uih action a% lender may reaunably require to assure that the hen of this Security Instrument. Lender'% right% in the Prt►peny and Borrower'% obligation to pay the sums secured by this Secunty Instrument %hall contrnur unt.•hanged t'port rein%latement by Borrower, this Security Instrument and the t►bhgation% %ecured hereb% %hall remain fulh efletat%c a% it no acceleration had occurred However, this nght to reinuateshall not apply in the case ,1t acceleration under paragraph% I i ear 17 7 F, . w .7 hit. A 1'S ti