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F 1 891~ 104189 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 T written agreement or applicable law. L liampecdoin. Leader or its agent may nmake reasonable entries upon and inspectsocts of the Property. Lender shall give Bor. ma notice at tke tim ofor prior to an bispection specifying reasonable cause, for the inspection, 9. Candemotba. The proceeds of any awwd or claim for damages, direct at coosepentiaL a coinipecitiogi with my condemnatim or other taking or any pan of the Property, or for conveyance in lieu of condemnation, in hereby assiped and shall be paid to Leader. In the event of a total taking of the Property, the proceeds shall be applied to sums secured by this Security", Instrument. whether or no then due, with any excess paid to Borrower. In the event vr a partial taking of the Property, unless Borrower and Leader otherwise Wee in writing the sums secured by this Secunry Instrument shall be reduced by the amount of the proceeds multiplied by the following fractficn: (a) the COW amount of the sums secured immediately before the taping, i divided by (b) the fair market value of the Ficiperty iminediately before the taking. Any balance: shall be paid to Borrower. If the Property is abandoned by Borrower. or if, after notice by L=<Wr to Borrower that the condamor-tillers to make an award or settle *claim for damages. Borrower fails to respond to Lender within 30 days after the data the 00=-is given. Lender is authorized to collect and apply the proceeds, at its option, eftw to restoration or tapir of the 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 ez—hmd of postpone the due date of the montb y payments referred to in paragraphs I and 2 or cbzisge the amount of such kments. 10. Borrower Not Rdened: Forbearseft By Leader Not a Waiver. Exbwstan of the time for par,17=t, at, modification of amortmtion of the sums secured by this Security Instrument granted by Lender to any successor M interest of Borrower shall not operate to release the liability of the originit! Borrower or Borroweet successors in interest. Lander shall not be required to commence proceedings against any successor in interest or xvilise to extend time for psymentor otherwise modify amormwian of the sums secured by this Sw=q IuMmeat by reason of any demand made by the ongiruil Borrower orBorrowWs successors in interest. Any fcrbarance by lxaddt inex:rcising any right orremedy shall not ben waiver of or preclude the exorcise afany rillit or remedy. 11. Supmees and Am*n Bow* JOW cad Snug 11abi1ft covitmants, and agreements of this Security Instrunna" bind and benefit thesuccessorsand assigniactLendezaadBorrower. subject to the provisions of paragraph 17. Bonv*Ws covenants and agreements shall be joint and several. Any Borrower who co-sips this Security 11113MMIM but does not execute the KOW. (a) is co- signing this Security Instrument OrAly to mortgage, grant and convey that Borrowes interest in the Property under the tam of this Security lnvM=t; (5j As not personally obligated to pay the sums secured by this Security Instrument; sad (-.) agrees that Lender and any other Borrower may agree to extend. modify. fb6ear or makeany accotnrrsodatiotts untie regard to the tear ms of iliLs Security Imtrurnent or the Note without that Bioniowees consent. 3Z LoataCbsriM If the Qati-secured by this Sec my Instrument is subjq;r td a law which sets maximum loan ChArom and that law a finally interpreted so that the in=W or other ken cUrles collected or to be collected in connection with the km qxceed the permitted lanits, then: (a) any suet loan charge shall be reduced by the amount necessary to reduce the chop to the permitted Unfit; and (b) any sums drieady collected From Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed undo the Note or by making a direct payment to Borrower. If a refund reduces principal, thi reduction will be treated as a partial Prepayment without any prepayment charge under the Note. 13. L40detion Affecting 1,4adees 1111401ta. If enactment or expiration of applicable laws has the effect of indering 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 perrgitted by paragraph 19. If Loendierexercises this option, Lender shall take the steps specified in the second pam4pph of paragrv;* t-7. 1► Nodess. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by Mailin it by Am claws mad unless applicable law requires, use of another method. The notice shall be directed to the Property Address or aap other address Bortrowa designates by notice to Lender. Any notice to Lender shall be given by ftm Clow OW to Lamler's address stated herein rx say other address Lender desigwm by notice to Borrower. Any notice Provided 6x -= this Security Instrw- z shall be downed to hariv been given to Bwrov*xor, Lender when given im provided in this paragraph. 15. G*mmftLxwS@,eftbIft. This Security Instrument shall be governed by federal, law, and the law of the jurisdiction in which I& Property is located. In the event that any priovis�.in or clause of this Scicunry Instrument or the Note conflicts with alx4cible law, such conflict shall not afflect other provisions of ibis Security Instrument or the Note which cat be given effect iivithout tba conflicting provision. To this end the provisions of this Security Instru—nam and the Note are declared tobeseverable. 16. Bon~*Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Truder of the Property or a BmficW literat is Borrow. If all ot any put ,af the Property orany 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 u of date of this security Instrument. If Lamle exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period of not ku than 30 days from the date the notice is delivered or nuukd within which Borrower must pay all sums secured by this Soctinty Lvt4m!wmt. If Renewer .t to pay thm um s. prior to the e--V-.rat= of thiz ptriod. Lender may invoke any reamidin permitted by this Security Instrument without further notice or demand on Borrower. IL Borne Ws R*t to RehisMe. If Borrower meets certain conditions. Borrower shall have the right to have enforce of of this Security Instrument discontinued at any time prior to the earlier of (a) 3 days (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Imtruamt, or (b) entry ofajudgment enforcing this Security Instrument. Those conditions we 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; (co pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, ritaxinable attorneys* fees; and (d) takes such action as Lender may reasonably require to autire, 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 h, Borrower. trimsf—urstv Insoramantand the obligation-tsecured hereby %hail as if stoacceleratirm had (x:uurred If owe� er. t hr; right to reinstate shall not appl% in r lie zaye (if acceleration wick" flarafmirt1% I ::a I'