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A 90-105716 If Lender required mortgage insurance as a eoadition of making the loan secured by this Security Instrument. r Borrower shall pay the premiums required to maintain tie insurance in effect until such time as the requiremsnmt for the 1 hwus ice terminates in accordance with BortoivWsand Laid 's wrinet agreement or applicable law. h, I itivecfisa. I.mder at its agatt tray matte rawaable entries upon and iropeetiora of the Ptop "y. Lender shall give Borrotreraotice atthetimeofor prior toan inspection specifying reason" muse for the inspection. 9. Coalmnsillsw. The pttoee I of nay award at claim for damages, direct or consetluential, in connection with any condemnation or other tt&* of nay part of the Property, or for conveyance in liar of condemnation, are hereby as w" a' d atoll be paid to LaNdler. In the event of a fatal taking of the Property, the proceeds shall be applied to the gran secured by this Security Imrhumast. whether or not theta due, with any excess paid to Borrower. In the event of a partial taking of the Property. tmkss 8orroww and LenderotMrwhe *puce in writiy„ the sums secured by this Security Instrument "be reduced by the amount of the praoeeda makipUea by de follawirtg tnactioa: (a) the total amount of the tetra isecrosnd junedately before tie taking, divided by (b) do fair m all tt v4w oV die Property immediately before the taking. Amy balauoe shall be paid to 8orrnilrtr. If>t3e !Property is aboadioned by Nm river, or tiff. after notice by Lender to Borrower that the condemnor offers to make 40 awaua9 err fettle a chim for dsmaM Borrower faib to respond to Lender tsithin 30 days after the date tie retire is given, I.eaderr is a u torized to colket and apply the proceeds, at its gnat►, eishtxr ac+ restoration or repair of the Property or to the sums waned by this Security Iasovir t act, wbetber or not then due. Unless Londe and Borrower otherwise agree in writing, any application ref ptoceeds to principal shall act examd or postpone the due date of the mieanttly payments rdened to in paragraphs I and 7 or change the amount of such payments. IL ■gerowar Not Ilajai u* Farbaaraaea By Lander Not a Waiver. Extension of the time for payment or modAcation of amortization of 4k ateitnti secured by this Security Instrument granted by [ender to any sucoasor in interest of Borrower shall not operate to Mzwe the liability of the original Borrower or Borrower's successors in ink-no. Lander shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify artiortiation of the tuns secured by this Security Instrument by reason of any demand made by the miginal Borrower or Barin�tter's snooessors in intetrat. Any forbearance by Lender is exercising any right or remedy shag not bea waimoforpredude die exercise of any right or remedir. IL 11-1, &set and AWw Be m* ,saint trash Sauxnral Liimi13l,,r Comdpom The covamo and agreements of this Security lmtrument shall bind and benefit the summors and assuram of Lender and Borrower. subject to the provisio . of pangrsph 17.'Sorrower's nor amts and agreements shill be joint and several. Any Borrower who co-ops this Security Instrument but don not esewt the Note: (a) is co-signing this Security Instrument only to mortgage, pw-r and convey that Borrower's interest in the Froperty under the terms of this Security Instrument; (b) is not personally obbpted to pay I the sums secured by this Security Instrument: and (c) agrees that Under and any other Borrower may agree to extend, modify, forbear or nuke any with regard to the teems of this Security Instrument or the Note.vitboui that Bortoweescoment. I& Lgam Charms. If the ken secured by this Security Instrument is subject to s law which sits maximum Jim chaos, and that law a finaUy interpreted w that the jurterest or other loan caarges collected or to be coNected in connection with the loan exceed the permitted limits, then: (a) ante such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit: and (b) any seism already collected from Borrower which exceeoial permitted Waits will be rdwWW to Borrower. Lender may choose to make this refund by reducing the principd 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 prepayment without any prepayment charge under the Note. I& 140dialiga Af dkg I.anlares !lights. If enactment or expiration of applicable laws has the effect of rendering 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 L eusder exercises this option. Lender shall take the steps specified in the second paragraph of parallrapi 17. 14. Noting. Any notice to Borrower provided for in this Security Instrument shall be gmen 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 7 Property Addres or any other address Borrower designates by notice to Lender. Any notice to lender shall be given by �t Am class mail to Lender's a llilwys stated herein or any other address Lender designates by notice to Borrower. Any notice provided Tor in this Security In,veument shall be deemed to have ban given to Borrower or Lender when given as provided in this paragraph. IL Gorertrlmg Law; Severability. 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 Secunty Instrument or the Now conflicts with applicable law. such conflict shall tart affect other provisions of this Secunty Instrument or the Note which can be riven effort without Aw annflietina, nrnvrsi.sn Tn this end the nrovisions of this Secuniv Instrument fend tit,,; Note are declared to be severable. Ili. Baroom Cory. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. TrmWw of the Property or a Betafkial InlDertst In Borrower. If all or any part of the Property or any interest in it is acid or transferred (or if a beneficial interest in Borrower is told 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 of exercise is prohibited by federal law as of the date of this Security Initniment. If Lender exercises this option, Lender shall give Borrower mitre of acceleration. The notice shall provide a period of act less than 30 der from the date the notice is delivered or mauled ailhin vrhich Borrower must days pay all sums secured by this Security Imtrumeit. If BarTower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without !further notice or demand on Borrower IL Oarra o1ii RW to ReWatate. If Bomotsev meets centain conditions, Borrower shall hate the right co how enforcement ofthiisSecurity Instrument discontinued at any tome prior to the earlier of (ap S days (or such other pexxid n applicable Ins tray specify for reinstatement) before sale of the Ptopeny panuant to any power of sak contained on thn d Security lnannunt; or (b) eatry of a)udgment enforcing this Secunty Instrument Those conditions are that Borrower L (a) pays Lender all sums ohich then would be due under this Secunt? Instrument and the Note had no acceleration occurred; (b) cures any default of ant other cosecants or agreements tco pays all expemes incurred in enforcing rhos Security Instrument, including, but not limited to, reasonable atiorne)C (ees. and Id) takes such action as Lender may ti reasonably require to assure that the hen of this Security Instrument. L.endrr's rights in the Propert) and Borrower'% obligation to pry the sums secured by this Secunty Instrument shAl. :cvwrnue unchanged Upon reinstatement by Borrower, this Security Instrument and the obligations secured hereto. %hail remain fully efec tine a% if nu acceleration had occurred However, this right to reinstate shall not apply in the case (.f acceleration under paragr mph% I z or 17