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If Lender required mortgage insurance as a condition of nuking the loan secured by this Security Instrument. Borrows small pay -the peetaiums trequired to maintain the insurance in erect until such time as the requirement for the ittsrsarsaeterminates in accordance with Borrower's and Lender's written agreement or applicable law. f, Ippecdast. Lender or its agent tiny snake reasonable entries upon and inspections of the Property. Larder shall give Borrowtt notice at the rime of or prior to an inspection specifying reasonable cause for the inspection. 4. Cosdemaatioa. The proceeds of any award or claim for damages. dirt or consequential, in connection with any condemnation or other taking of any part of the Pmperty. 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 and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by ur the amo of the preteens Metiphym, by the following fraseWa.- (a) the total amount of the stets secured immediately before the taking,, divided by flap the fair marke value of the Property immediately before the taking. Any batsmce shall be pauf to 8ormwesr if the )P'roperty is abandoned by Borrower, or if. after notice by leader to Borrower that the condemrter offers to make an award or wKe a china for damages. Borrower fails to respond! to Lender within 30 clays after the date the notice is given. Leader is autaaaized to cal0reet and appny the pMceed$. at its option. eithe to mtoration or repair of the Property or tQ rJ1e srtras Mcumd by this Security imstruaaerr, whether or not then done. rulers ll=lw, wA Barmwier OaiS7 xi(SP,t{`i in w ritiag, 3mey k7piirari.ion of proceeds to prindpal shall not extend or pa sfpotre the (bare (UT Qf the uaratrjkb }tz}mnwi:s m fen rid. t(a cam p w.agm In U auv3 2 or clr rarLV: the aznotnnt of such payradetmtts lie. 1l o mmmv.lgdt lRdwimt, FWAawmn Ek, Lathw. N14 to l 'stdiR( , .' Ewrmsm of the time for payment or. mode-awed -of .amOrr.>~rat ov. of Oh- warns :sue L,,$. dnjj. Ema,•rtmrnw. gJ :ra,iml ►,y Lewder to any :qwarmjr in interest of Bw amer shall' molt (uperatr: raa arem:lb-. lira�.'r�� Elil*4: vt $mat Rammim -m GQ=wer.'s u4Y.4" -swrs rise urttmsG. Lender shall not be required to oarmtu ice pm¢ceezbogs against any swxeserac in imreresf: air reC , to exteW time for payment or otherwise modify amoriizatiaa i9cRJ: sums mess secured by this Security InsCmTnert; try: reasnas ntracny dtstnaatd made by the original Borrower or Borrower's suoaessots in interest. Any forbearance by Lender Em exem¢isirnS any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 11. Swiceeptirn and Au*u Boaad; Joint and Several Liali ity; Co-signers. 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, modifjr. forbear or make a -ty accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. IL Lim Charges. If the loan secured by this Security instrument is subject to a 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 txceed 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. Le slation Affecting Leader's Rigbts. 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 kemedies 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 &hall be given by delivering 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 Lender's 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. GcWesaing Law; Seterability. This Security Instrument shall be governed by federal raw 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 is 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 be 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 discontinued at any time prior to the earlier of (a) S days (or such other period as applicable law may specify Gar reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or ((vpamtry of a judgment enforcing this Security Instrument Those conditions are that Borrower: (ar pays P eadjer all suam %1sich. then %would be due under this Security Instrument and the Nore had no acceleration occurred; (W o..ms'aety di salt OF aM) n ltrr covenants or agreements; (c) pays all ezpenv -s cru�siTed in enforcing thin Se=rity bnstrum;mP, irclht44; but races iymnai 6" r'Lsanable attomeys' fees; Wrt' (6), an --swim " 'Lm may r(�nsoasbty rat rrsce r.m• a5rm iJaat die Qe6 �f l:l. s SwaatixJ tnstrumenr, Lender's ryijits war 1:1x. Ft'regemy. and sbrrower's. alwigarian. ''w. !say the suaays wur(d liy tft%, Se - n".Y• bvitrument shall c4ertarwe Ira i cy". by l irawes, tJri.s' * ^ty lrtstr�ment arr.�t r)ie et�lslrar „ ::'red hwdaw slt.all remaa L : u" y :+7.twe as io rya a,x�J -r�.o !road occurred. l,4a\w(N—rr, this right to reir.sm1 -.e:: m1r-rat apply in the Esc oti u�:r- JeralSxar Car r. �K..arr ?S I' l e>* 1' +T.