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1 gg... 104483 If L,etsdRr requitned astortgatge iri:uraace ens a ottrtdition of makinj the loan secured by this Security lnstrumer►t, 8on'°!ve►.t�itsl! pal► flies 1itnms regitirod to teaintaia the insutstttor in effect until such time as the requirement for the insurance with Borrower's and Lender's Written agreement or ) f applicable taw. or its agent may make reasonable entries upon and inspectioets of the Property. Lender w' `sbegi+t`>dorftlltttr aif�4" the timeofor prior Wan inspection apechfyirtj reasonable cause for the impaction. g Caiaw■atlatt. The proceeds of any award or claim fa damages. direct or consequential in connection with ot� of any pest of the Property. or for conveyance in lieu of condemnation, are hereby In the event t� gal tatting of the property, the grocceds shall be applied to the sums s wired by this Security Instrumem, whetlsar or raa then due6 with any excess paid to Borrower. In the event of a partial taking of the Property. un{en Borrower and bender othweise agree in writing, the sums secured by this Security Lstrutneant shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediiatdy paid b a the � divided by (b) the fair market value of the property immediately before the taking. Any balance sbaU be If the Property is abandoned fi�'. &mower, at d, after notice by Leader to Bbrrciver that the condemnor effern to aaakeso award orsi t& a claim for $oa r fails to respond to Lender within 30 days after the date the notice is given. Lender is authorized to collect uxii� it +lit tbi Weeds, at its option, either to restoration or repair of the Property or to the sums secured by this Security i gas ,) *her or aces rfmn due. Unkssl•ornder and Borrwver a iEise agtwin tvttitiagy„ci -W. application of proceeds to principal shall not extend or postpone the due date of the mmtbly.paym�nts'frferred to in piragraphs I and 2 or change the amount of such payments. I& Bornem l Rdscrad: F+4eirat*.'By Leader Not a Witivr. Extension of the time for modification of aniortir�tioa of the s secmei: by this Security Instrument granted by Lender to any Succe"nt in interest of Borrower, shall not Y ucccssoe: t. operarc- fii�retase the liability of the original Borrower or Borrower's stacceswrs in r'�tiarest.. Lender shall not be required to comma nee proceedings against any successor in interest or refuse to extend tithe for payment or otherwise modify amortization of the sums secured by this Security Iastru dsL by reason of any demand made jlty the original HoinowaCFBorrower'i suocet M -in fntetest. Any forbearauuork? 1l.�e1;ei•hn exercising any right or remedy slnll not be a waiver oho htaclude the exercise afatiiytight or remedy. Ill. Sseehsott aw Am ps BMisd; Jobi-anrtd Sevtml Liability; c"g,sers.- The covenants and agroesrrritss of :tom Security. itcururnent shall bind and benefit the'dw- ssors a•�u juisips, of Lender and Borrower. subject to the pm yigons "'Clis agrap3i5,l: f. Borrower's covenants and airert(tents shall be joint and several. Any Borrower who co-signs this Security f4strutttent but does not cxwute the Note•. (a) is 07,v ring this Security iisstsument one to mort i.at Borrower's interest rose y gage, grant and convey Property under the tests of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument. arid f0;-agrees that [.ender and any other Borrower may agree to extend. that By. towbar or make any accomrts Icons with're•�xrd to the terms of this Securny Instrument or the Note without that Borrower's +consent. 12. Lain Chargeta. If the loan secured by #,`is Security Instrument. is subject to a law which. sells maximum loan uli -wges, snat,tkLI law is finally interpreted so th.0- Ae. interest or other ioxxt charges collected or .w. be collected in '�trateetion ±ttili she loan emceed the permitted lie "li, then (a) any such charge shall be redo ed by the amount :00cessary to' nedUm the charge to the permitted limit; and (b) atry sums already collated from Borrower which a mr -%led permitted limits will be refunded to Borrower. Lender may cho case, to ere a this refund by reducing the principal owed under the Note or by maktrtg a direct payment to Borrower. If a refund red"M principal. the reductirm will be treated ass part's' DrepsYnmt withcukt'MY prepaYment charge under the Note. 13. I.allieiales Mists Leader's RiiO&L If enactment or expiration of applicable laws has the effect of rendering any provision of the Note ctts•Ns Security Instrument unenforceable according to its terms. Lender. at its option. may require immediate payment in tali Of all sums secured by this Secunty Instrument and may invoke any remedies pemittcd by par&SrgA 11. if Lender eiercises this option, lender shall take the steps specified to the second paragraph of paragraph 17. 14. Notkes. Any notice to Borrower praviited for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless appacable law requires 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 lust class mail to Leader's address stated herein or any other address Lender designates by notice to &grower. Any notice provided for in this Security Instrument shall be dear.,ed to have been given to Borrower or lender wizen given as provided in this paragraph. IS• CA►erning Law; St.erattility. This Secunty 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 spplicable taw. such conflict shall not affect other provisions of this Security Instrument or the Note which can be given erect without the Conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 1f. "10001'S CAW. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 11 Truss of this PttOPM11y Ora BMWs) interest is Borrower. if all or any part of the Property or any interest in it n soil or tnnsftrred (or if a beneficial interest in Bevrower 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 to full of all sums secured by this Security Instrument. However. this option shall not be exercised by Lender if exercise is prohibited by Well! law as of the date of this Security instrument. If Lender exeretses this option. Lender shall give Borrower notice of acceleration The notice shall provide a period of trot less than 30days front the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security instrument. if Borrower falls to pay these sums prior to the expiration of this period. Lender may invoke any eeistodtespttmrited by skis Se! L_" In_"..nt a.•iftut fu; ht,_ ttvf me or de•mano on f3.irower. Ig• ms's R1gRt le Rei■seek. If Borrower meets certain conditions. &Jrtower shall have the right to have enforcement of thts Security Instrument dscontinued at any time prior to the earlier of. (a) S days for such other period as applicable law may specify for rnmtatement) before sale of the Property pursuant to any power of tale contained in the:, Security Instrument; or (b) entry of a judgment enforcing this Security Instrument Those condition are that Borrower (a) pays: Lendet 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 of agreements; (c) pays all expenses incurred in enforcing this Sefurity Instrument. includtnl, but nos limited to. reasonable attorneys' fees; and (d) takes such actsari as Lender may rtmtmbly requtrt tosuure that the lien of this security instrument, Lrrioer's rights in the Puopem. and Writ3wer's obliTOWEIt to pay the runts secured by this 5etunty Instrument shall continue unchanged U14,n remstaternent Ay Ido�rrawer. they 5ecuruy Instrument and the obligattons. seeureYd hereby shall remain fatly eff'!rt. tie m if n^ e•.:ccicts:;oa liad vowurred Hnw•eoer. the} right to rrfiitattthall nos apply in the easertfacxeteiition under paragraph: 13 or IT I� J! 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