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r � 89--- 103941 F. � if Lender rewired mortgage insurance as a condition of making the loan toured by this Security Instrument, Borrower 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. Imp ctioa. Lender or its agent may make reasonable entries 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. CeninMation. The proceeds of any award or claim for damages, direct or consequential. in connection with any condem ation or other taking of any part of the Property, or for conveyance in lieu of condemnaticm. are hereby assigned and shall be paid to Lender. in the event of a total taking of the Property, the proceedi 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 Lender 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 taking, 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, &ter notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the proceeds. at its option, either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. Unless lender and Borrower otherwise agree in writing, any application of 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. Hoc rower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modulation of smortization 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 rnodify amortization of the sums secured by this Security 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 shall not be a waiver of or preclude the exercise of any right or remedy. 11. Sat amors sad A*m Boaatl; Joint and Several LisiUhr, C"gsters. The covenants and agreements of this Security Instilrment 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. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrum=t- o mly to mortgage. grant and convey that Borrower's interest in the Property under the terms of this Security Instrument,- (tt is mot personally obligated to pay the sums secured bf this Security Instrument: and (c) agrees that lender and atiy cthet Borrower may agroe to extend. modify,_ Wasr or nuke any accommodations with regard to the terms of this qty instrument or the (vote without that.11arrower's consent. 4L Lsaa Chsesyas. if the loan secured by this Security Instrument is subject to a law which sets rnuimum loan charges, and that law is finally interpreted so )inat the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, their: (a) any such loan charge shall be reduced by the amount necm%ary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrott'er. lender may choose to make this refund by reducing the principal owed under the Note or ivy making a direct paymmu to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment %ithout any prepayment charge under the Note. ' 13. Affietlag header1s;1 ts. if enactmeat fx expiration of applicable laws has the effect of rendering any provon of the Note or this Security lnn=ment unenforceable according to its terms, Lender, at its option, may;-ftquire immediate payment in full of all sums, st+- -4 and by this Security Instrument and may invoke any remedies permitted by pan* aph 19. if mender exercises this a tiatrs, Lender shall take the steps specified in the second paragraph of ; paragraph 17. - -14. Notk& Any notice to Borrower provide& for in this Sw -urity Instrument shall.be given by delivering it or by ma*n,it by first class mail unless applicable law Mgdires 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 l first class mail to L.endees address stated herein or any other address Lender designates by notice to Borrower. Any notice provided'for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided itr his paragraph. 15. Ggferaiag ILw; SeveraMlity. This Security Instrument shall be governed by federal law and the law of the jurisdfction in which the Property is located. In the evert that any provision ox clause of this Security Instrument or 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 cottflictinS provision. To this .end. the provisions of this Security Instrument and the Note are declared to be severable- 16. Ba»wer's Copy. Borrower s:P l be given one conformEd copy of Ow Note and of this Security Instrument. 17. Tra■ehr of tie Property or as Beneflclal lAfamt is Borrower.. Af 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, this option shall not Abe 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 r 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. Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. ' 18. Bet owees Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time pnor to the earlier of (a) 5 days (or such other period as applicable law w may specify for reinstatement) before see 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 cotenants or agreements. (c) pays all expense` incurred in enforcing this Secunt) Instrument, including, but not limited to, reasonable attorneys' fees, and (d) take,. such action as Lender may reasonably require to assure that the lien of this Security Instrument. Lender's rights in the Property and Borrower's , abliptuDn tq pay the sums secured by thi% Security Instrument shall continue unchanged Upin reinstatement by Borrower, this Security Instrument and ttie obligation% secured hereby shall remain fully effective as if no deceleration had tr,curied fiowever. this right to reinmate sltai`r not apply in thecase of acceleratwn under paragraph% 13 or I M1