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F 1 L 89V-- 104592 if Lender rquitt d m?aMe inter oe as a condition of snaking the loan secured by this Security Instrument, Borrower" pay the premiums rejoited.io maintain the insurance in effect until such time as the requirement for the insurance terminates in accorda m web Sown es and Lender's written amt or applicable law. L L dec or itiaamt may make reasonable entries upon and inspections of the Property. Leader shall give Botxrinlra . satire at the tittwo(ei r.prior to an inspection specifying reasonable cause for the inspection. 9: Cattftsanstilm The proceeds of any award or claim for damages, direct or consequential, in conneetiion with any condemnation or other taking of.any •put of the Property. or for conveyance in lieu of condemnation, are hereby assigned andshall bepaid to Lender. . At the event of a total.taking of the Property, the proceeds shall be applied to the sums sutured by this Security Instrument. wihtther. or not thewdb4 with any excess paid to Borrower. In the event of a partial taking of the Property, unless Borrower eind Lender otherwise agtbein writing, the sums secured by this Security Instrumt tint shall be reduced by that amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the taking; divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower. If the Proaputy. is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award ar.tett(e a claim for damages, Sorrow►er fails to respond to tender within 30 days after the date the notice is given, Larder is authorized to collect and apply the proceeds. at its optics; either to restoration or repair of the Property or to theatims secured by this Security Instrument. whether or not then duz ." Unless Lender and Borrower otherwise agree in wrtmf,, any application of proceeds to prstcipal shall not extend or postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments. 10. Bwrowex Not RdemK- Forbearance By Leader Not a Waiver. Extension of the time for payment or modification of amortization of the stunts secured by this Security bmmment granted by Leader 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 sums secured by this Security Irma>i Lament by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exeerzising any right or remedy. shall not be a waiver of or preclude the exercise of any right or remedy. 11. Sweenots ail AmIM Bonael; Joint and Several Ifabilsity, Cosigtrem The ccveriatnts and agreements OF. this Seimrity Instrument shall bindand benefit thesuccessorsand assignsof Lenderand Borrower. subject totii,-i--provisions of pwzgrzphh 17. Borrower's cove mats and agreements shell; be joint and several. Amy Borrower who cosigns Yetis Security f r"nent but does not execute the Note: (a) is co-signing this Security Instrument only to inarc age, grant and convey t kat Borrower's interest in the Property under the terms of this Security Instrument. (b) is nca personally obligated to pay the sums secured by this Security Instrument, and (c) agrees that Lender and any other Berrover may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Insmment or the Note without that Borrower's consent. 12. Lan Charges. If the loan secured by this Security Instrument is subje m !w s laws which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges cOliivted or to be collected in connection with the hart exceed the permitted limits, then: (a) any .such loan charge shat: be reduced by the amount necessary to reduce the charge to the permitted limit, and (b) any sums already cd:�tcd from Borrower which exceeded permittAt ilimits swill be refunded. to Borrower. Lender may choose to make this ntiimd by reducing the pczrtcipal owed under ire Note or by making a direst payment to Borrower. If a refund reduces pnn,. 7a), the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 13. Iagialattila Affecting Leader's Rights. If enactment or expiration >>!' 4ppi:c'it6e laws has the effect of rendering Any provisica of the Note or this Security Instrument unenforceable accts. inn vo its terms. Lender, at its option, may regjEre immediate pay meet in full of all sums secured by this Security Insvina cent and may invoke any remedies permitted by paragraph 19. If Under exercises t :is option., Lender shall take the sirpxn specificd in the second paragraph of paragraph 17. • 14. Notim, Any notice. to Borrower pro6ddS For in this Security Instrument shall be given by delivering it or by mailing ft- by first class mail runless applicable law requincs use of another method Vie notice shall be directed to the Property Address or any other sack1ress Borrower de:sigruait—es by notice to Lender. sirs= . natice to Lender shall be given by first class mail to Leader's address stated herein or any other address Lender desig; -,eecs by notice to Borrower. Any notice provided for in this Security Instrument shall be darned to have been given to Borrower car Lender when given as provided in this paragraph. 13. Cgperaittg Law; Severability. This Security Instrument shall be gaierned by R_,'yual law and the law of the jurisdiction in which the Property is located. In the event: &..at any provision or Ch's Security instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Swar_ty Instrument or the Note which can be given effect without the conflicting provision. To thia•end the pravisiarrs,af this security Instrument and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Trander oaf tie Property or a Beneficial Iaterest in Borrower. If all or any part 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 person) without Lender's prior written consent. Lender may. at its option, require immediate payment in full of all sums secured by ibis Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law asof thedate of this Security Instrument. If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less 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 this Security Instrument without further notice or demand an Borrower. 111. Barrerireet'a Rift to Reinstate If borrower meets certain conditions. Borrower shall have the right to have enforcement of this Security instrument discontinued at anytime prior to the earlier of (a) 3 days (or such other paned as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contain d in this Security Instrument; or (b) entry of a judgment enforcing this Security instrument. Those conditiumti are that Dorrown. (6) 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. (E) pays all eapenses incurred in enforcing this Security instrument, including, but not limited to, reasonable attorneys' fees. and (d) takes such action as Lender may reasonably require tit &wire that the turn of this sm-unty instrument, Lender's rights in the Property and Botrower's obligation to pay the sums sexuted by this Sevanty instrument shall commur unchanged. Upr,n reinstatement "try Borrower, thisSecunty instrument and the o bligattonssecured hereby shall remain fully effective as of no sc,�eleraoott had m- curred However, this right to reinstate shall not apply in the case of accelerstion under puagrnph% t i ut i 7