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,.......a 90- 106376 If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument. Berrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the insurance terminates in accordance with Borrower's and Lenders written agreement or applicable law. S. Inslieetion. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifjring reasonable cause for the inspection. 9. Condetneation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assigned and shall 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 taud Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the Wowing fraction: (a) the total amount of the sums secured immediately before the raking, divided by (b) the fair market value of the Property immediately before time taking. Any balance shall be paid to 3orrower. If the Property is abandoned by Borrower, or KC rafter notice by Leader. to Borrower that the condemnor offers to make m. award or settle a chine for. cf.at=& s. gerrower Lairs to respotrd' to Lender witban 30 days after the date tha r, o ice ire given. Linder. i!i =11orized to collect and apply the procc fs. sst its optirrtr. eitlker w resrnratsvtr Q t (:pair of. t+.tir; P'mperty or to rite ether ar not their �.tt;t,e. Lr nkess lF.eDder amd l at^nawer rtli wise wee in writing, atey appbca m Hof proceeds to princitar 4,tmU ry t: ext end or pm lwne die date date �01 ¢ire rrratan.Ii'_y P%-Mentts refemad to in paragraphs I and 2 or change the ainouna of such p*- ments. 1V 1>&ttt waver Not Release* tFixt bazar ce 35 Loder Nat a Waiver. IExtetasioan of the time for paymetat or modificadoneg amortization of the Burns secured by this Security llydSStrilment granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the origind 13orrawOr or Borrower's suczescols in itterest. 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 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 exercise of any right or remedy. 11. Sruxeseors wed Arraigns Bound; Joint aced Several Liability; Coasignem The covenants and agreements of this Security Instrument shall bind and benefit 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 this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under 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. modify. forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 12. Loan Charges. if the loan secured by this Security Instrument is subject toa law which sets maximum loan charges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded 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 a 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 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 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 of paragraph 17. 14. Notices. Any notice to Borrower provided for in this Security Instrument shallbe given by defiveTing it or by mailing it by first class mail unless applicable 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 first class mail to Lenders address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. Governing Law; Severability. This Security 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 applicable law. such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of 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. Transfer of the Property or a Beneficial interest 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 this Security Instrument. However. this option shall not he exercised by Lender if exercise is prohibited by federal law as of the date 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 on Borrower. 18. Borrower's Right to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to have enforcement of this security Instrument discontinue at any time prior to the earlier of: (a) 5 days (or such other period as applic,?M., Wre may specify for reinstxternent) before sale of the PropeGty pursuanr to any power of sate corny med itt thi." Sicarrlcy U-2si rlment: or aji entry oaf a j� dgmeru entieccprlg. tfai Se} Try gnst6U.mear. nose c2�nditions are tfiax E&1rn;w Y W. pk: ;s lUe-nder ail sum,; whirch cban a auld be dune r�:(i,SL.. rani= Via: reCg &tttiCRx9't_nt and c; '_Mote had an ur:ctrsr8aio dl�GGt :ITT). curei aarq- L f3InIC 1_fF s.. other 4 ra-_m9 x.rs; �x3 5.:!t cllpertses incurred Cn °.^_.TZC.: ng his SecurhN. LI;tcurnent:,. (rs,:u.D i g' bat: afol: knited t',,. nessarcabre:mLr.,arri : u as -, s a (.d')• rakeni, ,atzk zt xnz as i. erg:; matt . rea'r'undll.ly- oi;. {quasi Gat mare •ihar. il,:e Ouea. of IrEus'.3KYCtnty Enstnu:!'. -mv, 7 zn7 ' '.`'�GEV,,. i0i — .1't°. iilOT?' aCT.' obliginr_rt -pay the s4ms wctirdk by. rilis Security Inserumzat ;ttfh cor.:in4e c: -,Ace! g7,zk1_ t.poc :,ernxac: :rr ht Borrower, .Iris Security Instrunw au ia5.di vhe obligations securedbemr _ty shall remain ful'iy occurred. However, this right to reinstate shall not apply in the case of acceleration under pari:k-mrsl;,s 1,3-or-o'! f jj. ..i (