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r It , r- 90.— ].0695 I 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 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. 8. Impeetlon. 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 inspectiom specifying reasonable cause for the inspection. 9 Coades'aal:1 a• The proceeds of any award or claim for dw ages. direct or Consequential, in connection with any condemnation or other taking of siny part of the .Property. or for conveyance in lieu of e:oatdemitation. arc hereby "Red and "R be paid to Lender. In the event of a total taking of the Property, the pro e& shall be applied to the sums secured by this Se; urity Instrument, sliiether or not then dw, with any excess paid to B,vrower. In the event of a partial taking of the Property, unless Borroymr and Untler otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the pr;ooatea1s multiplied by the following fraction: (a) the total amount of the sums v.vured immediately before the taking, divided bg- (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 nuke art 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 1 and 2 or change the amount of such payments. 110. Borrower Not Released; Forbeemnce By Lender 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 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 sui-as 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. I I. Successors and Assigns Bound, Joint and Several Liability; 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 not execute the Note: (a) is co- signing finis 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 obligated to pay the sums secured by this Security Instrument; 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 consent. 12. Losn Charges. 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 connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount 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 Borrower. Lender may choose to make this refund by reducing the principal owed under the Noteor by making a direct payment to Bbrrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 13. Legislation Affecting Lender's Rights. 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 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 Borrower provided for in this Security instrument shall be given by delivering it or by trailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates b} fodee to Lender. An) notice to Lender shall be given by first class mail to Lender's address stated herein or any other adts css Lender designates bX notice to Borrower. An) notice provided for in this Security Instrument shall be deemed to haw been given to Borrower c+r Lender when given as provided 4a Rhis paragraph. 15. Governing Lao.; SeveraWlity. This So. wrny Instrument s11301 St governed ley federal law and the law of the jurisdiction in which the Property is " -ated. In the event that say provision or clause of this Security Instrument or the Note conflicw with applicable law, sw � conflict shall not afE'eo,, ::her provisions of this &acurity Instrument or the Noft which can be given effect without the conflicting provision. To Chts end the provisions of this Security instrument and the Note are declared to be severable. • ..J.��. Hull —cr snaii be given one conformed cop) of the Note and of this Security In%trurnent. 17. Trmfer of the Property or a Beneficial loterest iii Borrower. If all or Any pan 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 pawn) utthoul 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 accelerator The nonce shall provide a peso d of not less than 30 days from the date the notice is delivered or nailed within whkh Wrntwer rnust pay all.ums secured by this Security instrument. If Borrower fails to pay these sums prior to the ex pi ration of t his penotd. Lender ma) im oke any remedies permitted by this Security Instrument without further notice ar cl -nm!nd on Borrou cr. 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 anytime prior [tithe earlier of. (a) 3 da)% for such other penud as applicable law may speedy for reinstatement) before sale of the Property pursuant it) any pimer of %Ale contained tit On% Security instrument; or (b) entry of a judgment enforcing this Security Instrument. 1 hose conditions are that Hottower (a) pays Lender all sums which then would be due under this Securet) i'Miurnent and the Note had no ascrlcr.ttum occurred; (h) cures any default of any other covenants or agreements; tc) pays all eslxnscs uwurrcd tit cniorcrrt); thus Security Instrument, including, but not limited to, reasonable attorney~' fees, and id) tales %u.lt .icuurt .t% 1 ender nta) reawnably require to assure that the hen of this Security Instrument. Lender's right. tit iht• I'r,ghrt) and hittrr�owcr s obligation to pay the sums secured by this Security Instrument shall continue uu.hangcsl 1 lkui r,•instatcnicnr h) Borrower, this %ecterit) Instrument and the obligations secured hereh% shall n•niaui tulh eNecusc a, d nt" aa•rIt•r.tU441 had occurred However. this right to reinstate shah) not apply to the case got aLeclerattun under paragraphs I tut 1 " 7 M r I