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� r 90- 105930. If Lender required uart5118e irauraoce as a condition or making the loan secured by this Security inatrunent, Borrower shall pay the premiuus faPired to maintain the insursirm in effect until such tints as the requirement for the insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law. L IaspecIMa. Lender or its anent may make reasonable entries upon and inspections of the Property. Loader shall give Borrower notice at the time ofor prior to an inspection Specifying reasonable cause for the inspection. 9. C.aadat■sagea. The proceeds of any award or claim for damages. direct or 000segtnential. in connection with any condemnation or odw tt kWg of any part of the Property, or for conveyattoe in lieu of condemnation, are hereby assigned and shall be paid 1w Lendeer. In the event of a to W, Ong of the Property, the proceeds shall be applied to the suns secured by this Security Instrument, whether or no1*Am due, with any cum paid to Borrower. In the event of a partial tsk*g of tie Property. sales Borrower sad Lesdero0erwise agree in writin& the sums secured by this Security Instrument shall be seduced b; the amount of dw pooeeds arsWdphad by the following fraction: (a) the total amount of the suss secured immediately p� deviled by (b) the fair tnarliet value of the RWenty immediately before the taking. Any balance shall be If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offs rs 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, Lander is autiuriud 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 1 and 2 or change the amount of such payments. 10. Harrower Not Man* Forbearance By ImWer Not is Waiter. Extension of the time for payment or modd kstion of amo 6=111hm of 16e stuns secured by this Security Instrument granted by Lender to any successor in We of Borrower shall not operate to Masse the liability of the original Borrower or Bou awees successors in interest. Lander shall not be required to eommeence Prooeedimgs against any sw4enor in interest or refuse to extend time far payment aotierwise modify amordnition the sums secured by this Security Instrument by reasmt of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy droll act be s z mvcv Qf or pa..lude the tmm; as of any right or rerrredY. 11. Snoorsson and Andg m Bend; 9oiat and Sererd Llaiil11r, Co-sipaers. The cav=sntiti and agreements. of this Security Isis oumnent shall bind and beneMa the successors and assigns of Lender and Borrower, subject to the provisions Of paragraph 17. Borrrowees covenants and agreements shall be joint and several. Any Borrower who cD4ps this Security , 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 this Security Instrument; (b) is not personally abbgsted to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend. i modify. forbear or make any accommodations with regard to the terns: of this Security Instrument or the Note without that Borrower's consent. IL Lora Maraca. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected in``s permitted Groins. then: a an such loan c connection with the loan exceed the () y charge shall be reduced by the amount - necessary to reduce the charge to the persitted limit; and (b) any sums already collected from Borrower which exceeded t permitted limits will be refunded to Borrower. Lander may choose to make this refund by reducing the principal owed — to 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 ptepsyment charge under the Note. 13. LegAdNon Allfedbe Lwder s Nigh fa. If enactment or expiration of applicable laws has the effect of rendering any praimidon of the Note w this Security Instrument unenforceable according to its terns. 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 Lender exercises this option, Lender shall take the steps specified in the second paragraph of paragraph 17. 14. Notices. Any notice to Borrow provided for in this Security Instrument shall be given by delivering it or by mailing it by Ora clan mail unless applicable law requires use of soother method. The notice shall be directed to the: Property Address or any other address Borrower designates by novice 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 prodded in this paragraph. 1S. Gapesalistg tAw; Seversbility. 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 ehts Security Instrument or the Note conflicts with appliable 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 provams of this Security Instrument and the Now are declared to be severable. 16. Borrowerls Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. M. of tk Property or a BeeeficW interest is Borrower. If all or any part of the Property or any miens m K so solo or traruferrea (or if a oenelwctai interest to Borrower is sold or transferred and Borrower is not a natural person) without Leader's prior written consent. Leader may, at its option, require immediate payment in full of all sums secured by this Security Instrtmuaut. 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 Leader exercises this option, tender shall give Borrower notice of acceleration. The notice shall provide a period of not lea 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 thisSecurity Instrument without further notwAor demand on Borrower. IA Boeowsr's Rigltt to Rely tote. If Borrower mats certain conditions, Borrower shall have the right to have enforcernent of this Security Instrument discontinued at any time prior to the arlkbr of tor) S days (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained to 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 7 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 e Security Instrument, including, but not limited to, reasonable attorneys fees, and (d) takes such action as Lender may n reasonably require to assure that the lien of this Secunty Instrument. Lender's rights to the Property and Borrower% obligation to pay the sums secured by this Security Instrument shall continue unchanged l'pi►n reinstatement by Borrower, this Security Instrument and the obligations secured hereby Shall remain fully effectise as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17 I