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1 89-- 104090 1 if Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument BottoMpr tMi! payX AL -.± tl,_ I f .1wmium required to maintain the insurance in effect until such time as the requirement for the R% trace with Borrower's and Lender's written agreement or applicable law. 6r its agent may make reasonable entries upon and inspections of the Property. Lender sitinttN twtaaai -tire Mime of or prior to an inspection specifying reasonable cause for the inspection. 9. Co�isteaatiott. The proceeds of any award or claim for damages, direct or consequential. in connection with any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, arc 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 behoce shalt. be paid to Borrower. If the Property is abandoned by Borrower. or if. air notice by Lender to Borrower that the coodemor ofers; exec make an award or settle a claim for damages,. Borrower faiN to respond to Lender within 30 days after the date tine notice is• given, Lender is authorized to collect angle mpi* : The proceeds, at its option, either to rostomtion. or repair of the' Ptoperiy or to the stems secured by this Security Instrummenn, whether or not then due. Unless Leader and Borrower otherwise agree in writing, any application of piocceds to principal'sht1,I not extend or postpone the due date of the monthly payments referred to in paragraphs 1 and 2 crtchange the amount ofs=h payments. 10. Borrower Not Released; Forbeorum By Lender Not a Waiver. Extension of the time (or 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 rekm the liability of the original Borrower or Borrower's successors in interest. Leader shall not be required to commence proceedings against any successor is interest or refuse to extend time for payment or otherwise modify antorii nation of the sums secured by this Security Instminent by reason of any demand trade by the original Borrower or Borrow'er's suers in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any r4ht or remedy. 11. Sacceaors and AsiW Bomod; Joint so f Several Lisbility; Co- signers. The enw -ants and agreements of this Security Instrument shall bind and benefit the successorsand assigns of Lender and Borrower, subject bathe provisions of paragraph 17. Borrower's covenants and agreements shaU be joint and several. Any Borrower who co 4sgmsthis Security Instrument but does not execute the Note: (a) is co•signini'this Securiit ..Instrument /only to Mortgage, grant and convey ft �f t%weer'vw'.e . a..,�.t«est in «� j �.'.. -..1�..— th- �v+�':. �i of t�hk....C�... -verity InstT.i.'�r�..t; t,i)'a' ii.0..e ..�_1MW-11 wed tw *-pay the stuns secured by this Security Instrument; and (c) agrees that Lender and any other borrower may agree to extend, modify, forbear or make any aocomanodarions with regard to the terms of this Security Instrument or the Note without that Borrower's consent. IL Loon CWWJPL if Cac ivi n secured by this Security Instrument is subject to a law which sets maximum loan charges. and that late is finally i tterpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the ptrtnitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; aced (b) any sums already collected from Borrower which exceeded permitted limits will be retWxW 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 prepayment without any prepayment charge under the Note. 13. Relation A11'eetitag ,Leader's R(gits, 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 paymenrin frill of all sums secured by this Security Instrument and may invoke any remedies permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of paragraph 17. 16. Notim. 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 regimens 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 first class mail to Lender's 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 in this paragraph. IS. Ggferaiae Law; Sevasbility. 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 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. Ttrmder 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 intermt 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 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. IS. Borroweees Runt 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) 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 Smunty instrument, including, but not limited to, reasonable attorneys' tees. and (d) takes 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 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 aviceletatum had occurred However. this right to reinstate shall not apply to the case «f acceleration under paragraph. 13 ur 17 1�. krW_ I r i