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�4iJ � , 14`�'`� _ � -�s_y :�W :sl;;•.-�.rwY�l�w <' :atN 90. IOG275 It Lender requited mortgage insurance as a condition of makfiig the loan secured by this SCCurrty 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 Borrowers and Lender's written agreement or applicable law !. inalmlloll. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Dorrowor notice at the time of or prior to an inspection specifying reasonable cause for the inspection 9. Condemnation. The proceeds of any award or claim tot damages. director consequential. in connection with any condemnation or other taking of any part of the Property, or for conveyance in Trott of condemnation, are hereby assigned and shalt be paid to Lender In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower In the event of a partial taking of the Property. unless Borrower and lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following traction* (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. It the Property is abandoned by Borrower, or i1, after notice by Lender to Borrower that the condemnor offers to make an award or settlea claim for damages. Borrower fails to respond to Lender within 30 daysafter the datethe 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. 10. Borrower Nat Released; Forbearance By Lender Not a Waiver. Extension of: tha time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in Interest of. Jilgrrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender sihall 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 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 emarcise of any right or remedy. 11. Sucessors and Assigns Boultd; Jointsnd Several Liability; CO- Signeus_ The covenants and agreements of this Security Instrument shall bind and bertef it 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 thisSecunty instrument only to mortgage. grant and convey that Borrower's interest in the Property tinder 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. rrc dity, forbear or make any .accommodations vvith regard to the terms of this Security �nstrumertor the Note . moll out that Borrower's consent. ' 112- ►Loan Charges. If the loan secured by this Security Instrument is subject to a lave: %Thiel% Sets maximum loan cfnargl s, ,;fad that law is finally interpreted so treat the interest or other loan charges collec';rd or to ire- collected in ' CCrrrt!'C1? " with the h�an exceed the premdted iumas. then. la) any such loan charge shall be red -I Etk'�yc c!ne amount necossa�v, to reduce the chargeto the permitted limit, and (b) any sums already collected from Borrower vv^ ch exceeded per e will be roftinded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower if a refund reduces principal, the reduction will be treated as 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 ofrendering 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 o; paragaaQn 17. 10. Notices. Any notice to Borrower provided for in It-us, Security Instrument shah re-even by delivering it or by mailing it by first clams read unless applicable law. n:quues use of another rretncd TI'E• rctice shall be direcled to the Property Addressor any, other address Borrows c designates by notice to Lerz �',Zr Art, . notice to Lender sri,36'ci� given by firstclass mail to lender's address stated herein dr. ai ry other address Lender des°7,1,VJ Sbyrc ':cetoBorrov%..,r.Cernynotice provided for in this Security Instrum&rf shall be deemed to have been given to Bcrri.ver (irl -enter when given as provided in this paragraph. 15. Governing Law; Severaltlll.LIy. This Security Instrument shall be Aso :a.ined h, federal law ara the law of the jurisdiction in which the Property ig located In the event that any provision ?, . iwase of this Security rnstnument or the Nob? i,%ni icts with applicable law such conflict shall not aftect.ether pro-;t .v)�i,5 of this Se_ urcty Instrument or the Note Whir.h ovi be given effect withoutl he conflicting provision ToMviendlhep� ;;: , s: onsofths.Secunty Instrument and the• Note,iii ' declared to be severable , 'tS. Borrower's Copy. Borrower shall be given one contonrred ceps :t the Note and of this Security Instrument 17. Transfer o••te ePropertyoraBeneficial Interest in Borrower. it au ar, any part of the Property•(:,r. a iiy interest in it is sold or transferred. Nr if a beneficial interest in Borrower is sold or transferred and Borrower is not ra naararat person) without Lender's pricrmniten consent. Lender may. at its option. require immediate payment :n full of 411.surnssecured by this Security Instruvnr. nt� tdowever. this option shall not be exercised by Lender if exercise is p rrih 1 bited by federal law as of the date of this Sect: city Instrument It Lenderexei- daesthisoption. LendershallgiveBorrowernoticeofaGCeleratrgn Thcznr�iiceyal shall provide secured of not less than 30 rJa ys. from the date the notice is delivered or mailed w thin erh ir_it B orrower i nu;t pay all sir ms secured b}i this Socu+ity fnstrurcrent If Borrower tads to pay these sums prior to the er.pi+ation Of rnig 111?661. Lender may invoke any remdflw6.permitted by this Security Instrument without further notice or demand on Bdnioteer 18. Borrowers Right 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) 5 days (or such other period as applicable law may specify for reinstatementl before sale of the Property pursuant to any power of sale contained in this Security Instrument: or (b) entry of a judgment enforcing thiSSecur+ty Instrument Those conditions are 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. (c) pays all expenses incurred in enforcing this Security Instrument. including, but not limited to. reasonable attorneys fees and Id► takes such action as Lender may reasonably require to assure that the lien of this Secu►+ty Instrument. Lender s rights in the Property and Borrowers obligation to pay the sums secured by this Security Instrument shall continue unchanged Upon reinstatement by Borrower. this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had occurred However. this right 10 reinstate shall not apply in the case of acceleration under paragraphs 13 or 17 fie•• :. NBC 2320+ i s. il,iir•. c.. y ..4