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$9--- 104085 ri. if Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument, Borrower shall pay the premiums required to maintain the insurance its effect until such time as the requirement i'or the insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law. e. Inspectioo. 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. CorAmnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any pan of the Property, or for conveyance in lieu of condemnation. 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 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, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails to res .d to Lender within 30 days after the date the notice is g. - ; Lender is authorized to collect and apply the proceeds at- iii% *icon, either to restoration or repair of the Property or f to the sums secured by this Security Instrument, whether or not tlam da.e. Unless i.�emleraud: Borrower otherwise agree in writing; tiny itp)ilication of proceeds to principal shall not extend or postpone the dde &te orkh menthly payments referred to in parsgt arias 1 and 2 or change tiro amount of such payniectts 10. Borrower Not R eleqsed; Forbearance By Lender NO a Waiver. Extension of the time for payment or modification of amortization cf -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 Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in4itterest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or prcclW#e the exercise of any iighp or remedy. 11. Soccesson and Am4pa Hound; Joint and` Several IJ Uity; Casigaers. 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. Boffowees covenants and agreements shall be joint and several. Any Borrower who co -signs this Security 1 Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey _ that Borrower's interest in the Property under the terms of thhis Security Instrument; (b) is not personally obligated to pay the sutras secured by this Seeuirity Instrument; and (c) agrees that Lender and any other Borrower may agree to extents. j modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Bonowees consent. 12. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan 1 charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in contxetetion with the loan extood the permitted limits, then: (a) any such loan charge shall be reduced by the amount R necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borravner. Lender may choose to make this refund by. reducing the principal owed 3 under the Note or by making a direct payniertt to Borrower. If a refund-reduces principal, the reds ction. vwill be treated as a partial prepayment without any prepayment charge under.the Note. 13. Ledelatdon Afiectiag Lender's Rights.. If enactment or expiralirxn of apl i,=ble laws, has the effect of rendering any provision of the Note or this. Security Instrument unenforceable aoording to i raerms, Lender. at its option, may require immediate payment in full of all sums secured by this Security Instrument "'may invoke any remedies permitted by paragraph 19. If Lender exetc�ses this ottion, Lender shall take the steps specified in the second paragraph of a paragraph 17. 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law, requires use of another method. The no #ice shall be directed to, the Property Address or any other address Borrower designates by notice to Lender. Any notio -r10 Lender shall be giveti.by first class mail to Lender's adiltess stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be domed, to have been given to Borrower or Lender when given as provided in this paragraph. 15. Governing Law; Severability. This Security Instrument shall be governed by federal taw and the taw iif 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 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 declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Treader of rite Property or a Beneficial Interest In Borrower. If all or any part of the Property or any interest in it issold 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 ,ums secured by this Security instrument. If Borrower fails to pay these sums prior to the expiration of [his period. Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Rigbt 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 nf: (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 dote had no acceleration occurred. (b) cuter any default of any other covenants or agreements. (e) pays all expenses incurred in enforcing this Securtty Instrument. including. but not hinited to, reasonable attorneys fees, and (d) tames such action a% Lender may reasamahly require it) assure that the lien of this Security Instrument. 1 ender's right~ in the Property and Hturt•uer'N ubligawin to pay the sum,- se+ ured by this Se.ur+ty Instnimcni shall continue unchanpt-d t •pnn r%:m,t;jtrment h•. HorrotAer. tht scrum% Instrument and the t +blIgAlldt". hcteh, siian renian+ ttai% oL.urred Il++sc%er Iht +rtFhit +. rein, �atc�hallnnr , +pp4�+t,tlr..tr +•fa« rice .+tn +e+untlerr. =r.,cnsjh.!t.r ak .j iw