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r 89-- .104730 If Fender required mortgage insurance as a condition of making the loan secured by this Security Instrument, Ilonow+K, skald -ay the premium required to maintain the insurance in effect until such time as the requitement for the iasuummtt; naia ausinaccordsnce with Borrawer'swW Lender's writtenageetment orapplicable law. R trtla.!i w )[.ender or its spot troy make reasonable entries upon and inspections of'the. Property. Lender siaaiiRivsisev+arst robes at tlw time of or prior to an inspection specifying reasmble cause for the inspection. R Coodamatkit. The proceeds of any award or claim for damagm direct or consequential, in connection with any condemnation or other taking of any paint of the Property. or for conveyance in lieu of condemnation, are hereby aW&m des Wshall 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 Insum as d, wbetha 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 redurxd by the amount of the ptoceeds multiplied by the following fraction. (a) the total amount of the sums secured immediately before the takin& divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower If the Pro rty is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given. Lender is authorized to collect and apply the proceeds, at its option. either to restoration or rt pair of the Property or to the sums secured by this Security Instrument, whether or not then due. Unless Lender and Borrower otberwise ogee in writing. any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs I and 2 er change the amount of such payments. 14. Borrower Not Rdeww* Forbeeraaee By Leader Not a Wshar. Extension of the time for payment or madsfYcatiatr of amortization of the sums secured by this Security Instrument granter! by Lender to any successor in i ntaw 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 proceedaags apimt -any successor in interest or refuse to extend time for pili.nent or otherwise modify amortization of the seams; secured by :this Security Instrument by reason of any demand made F,y the original Borrower or Borrower's successors in interest. Arne forbearance by Lender in exercising any right or remedy slWl not be a w*iver of or preclude the exercise of any right or adne iy. 11. Siatrs+rsaors entl AnIm Doaay; Joint and SeveraKiit Aity; Co-signers. The covenants and agreements of � this Security emiument shall bind and benefit the successors sndissiips of Lender and Bwower. subject to the provisions ofparsgraph 17. Borrasrees covenants and agreements shall bejornf�andseveraf. Any Berrower who co-signs this Security -- straiaurnent but does nvt: t=ute the Note: (a) is co-signing this Security IrxPat uTnen : crriy to mortpvt grant and Convey • t?is3 Borrowers. interest tm she Property under the tenets of this Security Instrument; (b)� is not perser ly obligated to pay the sums sec9wtia.3 by this Security Instrument; and (e) agrees that Lender and any o0a-Borrower may agree to extend. modify; forbw, sr make any accommodations with regard to the terms of this Security l'rntrumem or the Note. wiahout ttos Borrovce-s,4orisent. 12. _ lli sis t largos. If the loan secured by this Security Instrument is subject to a law which spu maximum loan charges. ard..'dia law is finally interpreted so that the interest or other loan charges collected or "to be collected in connection vvk- the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the,&Mount necessary to rcdi-iim the chine to the permitted limit; and (b) a�sy.:sums already collecW- from Borrower which ex eeded permitted litr'e's will be rra1.7tded to Borrower Lender may choose to maitre this refund' ay reducing the principal owed f underrthe Note of 6y. mAjitg a direct payment to liormwer. if a refund recfv= principal, the reduction will be treated as a partial prepayment ail -11 ma. -a- -hy prepayment chargeunder the Note. 13. Leodefte Affecting Leviers Riotis. if enactment or e),pimtion of applicable laws has the effect of rendering 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 finis Security Instrument and may invoke any remedies , , mitted by paragraph 14. If Lender exercism this option. Lender shall talks the steps specified in the second paragraph of paragraph 17. A Notices. Any notice to iBorrowey provided for irk tlsi. -P..Secur ity Insttument shall be given by delivetirig h or by mailing it by, krst class mail unless opphiAble law requires ow-(f another method I-Im notice shall be directdd to the , Property Address or any other address Borrower designates by avice to Lender Ary 1-��c;ce to Lender shall be Vwn by first class mail to Lender's address stated herein or any other address Lendietr dft-.',qruo lt y notice to Borrower. Any notice provided Tor in this Sectunty instrument shall be deemed to have been given is &rro *,,x w Under when given as provided ' in this paragraph. 15. (ice law; Stve W1(ty. This Security Instrument shall be governed b) federal law and the law clthe jurisdiction in which the Property is kx;u? ed. In the event tiers: arty provision or clause of this Security lnstrur:vali im the Note conflicts with applicable law, such conflict shall cot a1'rxt 'other provisions of this Security instrument or 0A Nate vwbich can be given effect without the conflicting ptovisicn _ To ehis end the provisions of this Security Instrument 4,,-d the Note are declared to be severable. 16. &Wr9wet s Copy. Borrow v, shall be given one owfo.nned copy of the Note and of this Security insr.�ruts�K 17.. Troawibr of the Proprty err a Beneficial interest in Borrower. If all ca W y part of the Property 07 aria interest.01 is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural;,, {xrtusit} w;hout Lenders prior written consent, [.ender may, at its option. require inimediaie payment in full of all sums securaed tiy�this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal iavmiif the date of this Security instrument. . - If 1xi� exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide :"I"Mrud of not less than 30days(rom the date the notice isdelivered or mailed within which Borrower must pay all sums secured by this Se►urity Instruer art. if Borrower fails to pay these sums prior to the expiration cif this period. Lender may invoke any remedies permitted by this Security instrument without further notice or demand on Borrower. rfr. t+siorroWa s XW to Reiaatate. It Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument dscontinued at anytime prior to the earlier of ter) S days (or such other period ns applicable law may specify for reinstatement) before sale of the Property pursuant to any power of safe contained in this Security Instrument or (b) entry of a judgment enforcing this Security Instrument Those conditions are t hat 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: ts) pays all expenses incurred in enforcing this t` Security instrument, including, but not limited to, reasonable attorneys' fees. and (d) takes such achun w, lender may rea viably require to assure that the lien of this Security Irstrument. Lender's rights in the Property and llurtuwer'•. [ybhlation to pay the sums secured by the±. Security instrument shall cuntinue unchanged Up m ratisratcnient by Wtowet. this Security instrument and the obligations secured hereby %hall remain fully efre:tive m tf rte acceleration lead (curred Howev!r. this right to reintime shall not apply in the case of a- ccleratrun under paragraphs I t or I