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89-103715 if Lender required moopge insurance as a condition of snaking the fan secured by this Security Instrument, Borrower gall pay the premiums tbgttited to maWsht the insurance in e'Rect until such time as the requitement for the iltitsra*pe ttgasilnatss in aocotdmtce with !Mx>ctlwees and Lender's written agreement or applicable law. IL 124 OOkc LRSder or its aWt may senate reasonable entries upon and inspections of the Property. Fender ,sUa> lw •ti n wrawiotrat tbit#imeof or prim to an &Apectim specifying reasonable cause for the inspection. 9. d`aifittiiM� Ilia proceeds of any award or claim for damages. direct or eoasoquential, in connection with any condemnation or other taking of any pan of the Property. or for conveyance in lieu of eondemeation, 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 sums secured by this Security instrumatt. whether or not then due. with any excaa paid to Borrower. In the event of a partial taking of the Property, usho So rower and Leader otherwise agree in writting, the sutraa secured by this Security Instrument shall be reduced by tie &MONO of the prooeeda mvwplied by the foliowing fraction: (a) the total amount of the stoma secured immediately before the takin& divided by Wthe fair market value of the Property immediately before the taking. Any balance shall be pad to Borrower. If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor oQers to make an award or settle a claim for dstrtages, Borrower faih to respond to Lender within 30 days after the date the notice is glum, Lender is authohzed to collect and apply the proceeds, at its option. either to restoration or repair of the Property or to the auras secured by this Security Instrument, whether or not then due. Unless Lander and Borrower otherwise agree in writing, any application of ptnceeds to principal shall not extend or postpone the dw date of the monthly payments referred to in pamgrsphs 1 and 2 or diaagr thismount of such payments. 10. Darowa Not Relsaaa4 Fsrbewaaee By Lustier Not s Waiver. Extensmi ct the time for payment or modification of sertorti=ation of the sums secured by this Security Instrument granted br: Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or B&rvwces successors in interest. L.eaider shall not be required to commence proceedings against any successor in interest. ar refuse to extend time for payment or otherwise modify amortisation of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Botrrowees successors in interest. Any forbearance by Lender in emreising any right or remedy shaU not be a waiver of or preclude the exercise of any rotor remedy. 11. S rpm rs and Aadpw Boom* Joist rased Several I.iskility; Co-rr p em The covenants and agreements of this Security Instrument shall bind and betse& the successors and assigns of Lender and Borrower. sittlect ter the provisions of paragraph I T. •Borrower's caved and its shall be joint and several. Any Borrowwr wvho co-signs this Security Instrument but ttea not execute the Note~ (a) is co - signing this Samrity Instrument only to Mortgage. grant and convey that Borrower's iisteest in the Fwperty under the termo•of this Security instrument; (b) is not personally obligated to pay the.sstmsaecured bar this Securitv Instrument: and fel saran that Lender and anv other Borrower nt:v agree to extend. t xxV.7. forbear or make any accommodations with regard to the terms of this 3ecurity Instrument or the Note without that Borrower's consent. IL Loan Charges. if the loan secured by this Security Instrument is aubect top law which sets maximum Ivan 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 loan dtarge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sutras already ciSketed from Borrowa which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by. reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial p+epayfrttut without any prepayment charge under the Note. 13. I.sgiaiotiaa Af ectistg Leather`s Risks. If enactment or expiration of applicable laws has the effect of raemdasfng any provision of the Note or this Security 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 Leader exercises this option, Lender shall take the steps specified in the second paragraph of paragraph IT 14, Nod as, Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by Brat clam mall sunless 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 Bast class'mail to Lender's address stated herein or any other address Lender designates by nertice to Borrower. Any nsvti= provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when givem as provided in this paragraph. 1S. G4Wwu a* Law; SewaW ty. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which-the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with'applicabk taw, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given t(fect without the conffkting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. M. 96rrsiwar'a Cop Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Trave lar of tee Property or a BeaeBeiel laterest ix Borrower, if all 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 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, the 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 less than 30 days from the date 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, Bender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 18. Berreww's Rig#t to Relaatate. If Borrower meets certain conditions. Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earner of: (a) S days (or such other period as L 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 sums which then would be due under this Security Instrument and the Note 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 riot limited to, reasonable attorneys' fees, and (d) takes such auton w, lender may revm-mahly re-quire to assure thst the hen & this Swunty Instrument. Lerticr'; rights ::::he Prc;xrt9 sad Marrower% obligation to pay the sums secured by this Security instrument shall continue unchanged litxm reinstatement by Borrower. this Secunty Instrument and the obligations secured hereby shall remau•r fully cRe%eve a% of no acceteratrnn haj occurred However. this right to reinstate shall not apply in the case of acceleration under paragraphs t i c a 17