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i 90- 106041 If Lander required Mortgage insurance as a condition of making the ban secured by the Security Instrument. Borrower shelf pay the premiums nquked to maintain the Insurance In anted until such tine as the rettuirement for the Insurance terminates In saordsnos with Borrower's and Lends►'s wrMo agrwm•nt or applfo" law. •. Inspection. Lander or Ms agwl rosy matte reasonable entries upon der shelf give Borrower raga at the time of a prior to an inspeWon *@O ft ressonabie osuse for alien. g. Condemnation. The proceeds of any award a claim for daMoose, with airy oorndehnaatlon or other taking of any part of the Prop", or for oonveyance In No of , sii� lia�6y be paid to Lander. In the sent of a tow taking of the Property, the prooseds shelf be applied to the sums scoured by this Sacurity Instrument, whether or not than duo, with arty emu pail to Borrower. In the event of a partial taking of the Properly, unless Sommer and Lender othawies agree In writing, the sums scoured by this Beairky Instrument shell be reduced by the amount of the proceeds multiplied by the following inaction: (a) the total amount of the sums samwed Imnnedlately before the taking, dwaed by (b) the talc market value of the Property Immediately batons the larking. Any balance shit be paid to Borrower. i H the Property N abandoned by Borrower or r, attar notice by Lender to Borrower ttwt the condemnor offers to make an award or isoft a elate for damages. Borrower fats to respond to Lander within 30 days after the date the notice is given. Lender Is authorised to oolfsut and apply the proonds. st M option, either to restoration or repair ot tit papally or to the sums s*aued by this Sa natty InsttumeM whether or not Ow doe. Unless Lander and Borrower otherwise apnea In writing, any applfcatiom of proands to principal sham not a lend or poatporhe the due deft of 00 monthly payments ietared to In paragraphs / and 2 or chants the smourd of such psymads. 10. Borrower Not Relented; Forbearance By Lander Not a Waiver. Extension of the tkma for payment or modilfattbn of amottaXion of the sums sacssad by this Sewrky Instrument granted by Lander to any sucoessa in interest of Borrower shall not operate to moose tins tiebrty of the original Sommer or Som mees succomm In interest. Lander *half not be required to dxtmnance prooeaditgs against MY suoosesor In Interest or rear" to atdand tine for payment or otherwise modik+j armfiration of the sums seated by this SOOLft Instrument by reason of any demand made by the original Borrower or Borrower's suocamrs in Interest Any forbauemce by Lender in exaclsing any right or remedy shall not be a waiver of or pnmWde the exercise of any tight or remedy. 11. Successors and Assigns Bound; Joint and Several UaWllty; Caalgners. The oovanants and agreements of this Sadxmrity Instrument shall bbd and benelft the sueoesson and asspne of Lander and Borrower, subject to the provisions of ,paragraph 17. Borrower's covenants and agreements shelf be joint and saerel. Any Somower who ro-alpns this Security Instr umnt but does not execute the Note: (a) Is dot- slgnisg this Security Instrument only to mortgage, grant and convey that Bamoww's Interest In the Property under the damns of this Sewilly Inaltument; (b) Is not personally obligated to pay the sums secured by this Security Instrument and (e) agreas that Lender and any agar Borrower may agree to audend. shoddy, forbear or inake any aecorn modations with regard to the i tens at this Security InsbuMant or the Note without that Borrower's oonsent. 17. Lam Charges. It the ban secured by this Security Instrument Is subject to a law which sets traxNnum loan charges, and that law is Mary Intarprated so toast the Interest or other loan charges collected or to be collected In connection with the soar exceed tx the permitted Unto. then: (a) any such ban charge shall be reduced by the amourd necoasay to reduos the charge to the permitted M* and (b) any sum sisady G*Oded Iran Borrower which mosede d permitted "a will be refunded to Borrower. Lender may choose to make this rsAurd by faducing the principal owed under the Note or by making a duet paynant to Borrower. If a refund reduces principal, is the reduction will be treated a a partial prapaymnt without any prepaymean clangs under the Note. 13. Legislation Affecting ILatndees Rights. N enactment or expiation of applicable laws has the other of rendering any provision eft the Note or this Securft ift"anhad unenforceable according to its tarns. Lovd r. at pas option, may require kmtudiate payment In U of art suits secured by this Sedan* Instrument and may invoke any ramodles permitted by paragraph 19. If Lander aterolses this s , option. Lander shall take than stapes hspseitcd N the seoorhd paragraph of parag7eph 17. t 14. Nofices. Any Motto• to Bonowar provided for In this S•wrdiy Mstr unnt shelf be givan by ddvaring it or by nWbg it by fist class mail unless applicable bw nqukes use of another method. The notice shd be directed to the Properly Address or any other address Borrower deslgru" by notice to Lander. Any notice to Lander shall be given by tint doss mat to Lender's address stated hwdn or any other address Lander designates by notice to Borrower. Any notice provided for In this Setxdty instuusnt shit be donned to have been glean to Bonower a Lander when given u provided In this paragraph. 15. ttitloverning Law; Severability. This Security Instrument shall be governed by fedwal law and the law of the Jurisdiction In which the Ropety Is boated 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 Instrumnt or the Note which can be given effect without the consoling provision. To this and the provisions of this Security Instrument and the Note are declared to be severable. —_ 1hf. Borrower's Copy. Borrower shelf be gfvn one conlomned copy of the Note and of this Sewrity Instrumerd. i17. Transfer of the Property or a Beneficial Interest in Borrower. 11 d or any part of the Property or any Intaresl In it Is sold or irm-lo - (or r a bensaW Interest in Borrower Is Bold or transferred and Borrower Is not a natural person) without LncWs prior written oonssK Lender nay st Its option. require immediate payment In for of all sums secured by this Seedy Instrument. However, this option char not be exerebed by Lander M axacias is prohibited by federal law as of the date of this Security Instrument, N Lander axomhes this efntlon, Lardlar sham give Borrower notice of sacaleation. The notion_• ohm$ provide a period of not Iles then 30 days from the date the nodes In daWared or rrn 1 within which the Borrower must pay all sums secured by this Security Instrument. It Borrower fops to pay these sums prior to the expiration of this period. Lander may Invoke any rerradies permitted by this Security Insgumnt without l uthar notice or dons d on Sormar. io. oorroween Magid to Rekiresis'te. it Borrower meets oertain conditions, Borrower shall have the right to have enforcement - of this Sewdly Instrument discontinued at any time prior to the eager of (a) 3 days (or such other period as applicable tow may specify for rdn$Wsn*ent) before sale of the Property pursuant to any power of sake contained In this Security Instrument: or (b) entry of a judgment anforcing this Security Instrument. Those condtbns are that Borrower. (a) pays Lender all Burns which than would be due under this Security Insburnad and the Note had no accede ration occurred; (b) cures any default of any other covenant or agreements; (c) pays all expenses inasned In nforoing this Seouriy Insinanent. inducing, but not limited to. resson" attorney*' lees; and (d) takes such action as LwWar may remomby require to assure that tin• lfan of this Security Instrument. Lander's rights in the Property and Borrower's obligation to pay the sums sacred by this Seri ty Instrument shall continue unchanged Upon reinstatement by Borrower. Of Security Instrument and the obligations secured hereby shah remain fully, effective as H no noDal ration had occurred. However, this right to roinewe shall not apply In the cap of aooeleratlon under paragraphs 13 or 17. N Page 3 of 4 F1316.M (e 0) OD9338717 r. i