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r 89- = 103988 If Ltaidee required mortgage ittsus tare as a condition of making the loan secured by this Security Instrument, Borrower shat) pay the premiums required to ataintain the insurance in effect until such time as the requirement for the insurance terminates in accordance with Bor~s awtl i e dWt written agreement or applicable law. ale, Iaewda s. Lender or its agent. may >< vewKwable entries upon and inspections of the Property. Lender shall give Boaowrer aMkV at the time of or prior to an iaspt+fio i specifying treasonable cause for the inspection. 9 fOrAMONOW Thepr<ceAda of any award or Clain for dmages, direct or omsoquential, in connecOM with any condenwadartt OV v U&fne of tarty part of the Property. or i),ar conveyance in lieu of condemnation, are hereby assigned and shall be VW, to Lender. In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security Ice UWtietu, 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 stuns secured by this Security Instrument shall be reduced by the amount of the proceeds muldphod by the following fraction: (a) the total amount of the sums secured immediately befix+e the takin& 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 Lender to Borrower that the condemnor offers to make an award or settle a claim for damagm 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 suns 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 l and 2 or change the amount of such payments. 10. Borrower Not Rdamed; Fodkorance By Leader Not a Waiver. Extension of the time for payment 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 reltase the liability of the original Borrower or Borrower's successors in interest. Leader dull 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 Security Instrument by reason of any demand trade 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 ofee preclude the exercise of any right or remedy. 11. Saecasoes and Aaa(gaa Bongs 1 Joint and Several tiaiiiW, Co-signers. The covenants and agreements of this Security Instrument 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 no execute the Noev (a) is co- signing this Security Instrument only to mortgage, grant and convey that Borrowe es interest in the Pmoerty .under the terms of this Security Inctrumrnt• (hi it not persm ttY otaiptm t^ 1m7 the sums secured by this Security lnstrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's content. U -the loan. mica by this Security instrument is subject to a law which sets maximum loan charges. and that law is finally interpreted so that the intemM. or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary tff,reduce Me charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Leader may choose to make this refund by reducing the principal owed It the Katie or by tmking a direct payment to Borrower. U refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Dote. 13• Leeliellation AGeeft. Ixader'a Rigits. 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 byparagraplt 19.11 Lender exercises this option, Lender shall take the steps specified in the second parav*h bf paragraph 17. 14. Notices. Any notice to Borrower provided for .in! this Security Instrument shall be given by deliveeessg Errant b� mailing it by first class mail, unless applicable law res£ttires.:use of another method. The notice shall be directed 40 ''the Property Add or any other address Borrower descg>rzates lip notice to Lender. Any notice to Lender sha116rghtst first class instil to Lenders address stated herein or my other address Lender designates by notice to Borrower. Any nodce , provided 'forin this SecurityInstrument shall be deemed to have been given to Borrower or Lender when given as provided., in this paragraph. 1S. Gtyerning lhw; 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 Security Instrument or the Noteconfiicts with applicable law. such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declued to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property or a Beneficial Interest In 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, this 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 Instrumestt. If Borrower fails to pay these sums prior to the expiration of this period. icnder may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 18. Borrower's Right to Reinstate. if Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security instrument discontinued at any time prior to the earlier of: (a) 5 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 SMurity Instrument, including. but not limited to, reasonable Attorneys' fees; and (d) takes such action as Lender may reasonably require to assure that the lien of this Security Instrument. Lender's rights to the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged Upon reinstatement by Borrower. this Security Instrument and the obligations secured hereby shall remain fully effective as if no accclerauun had mcurred. However. this right to reinstate shall not apply to the case (if accelerattun under paragraphs 13 or 17 �. u