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_ i ;i s ^�; 1• _ _ � mot., r.�`'.l I��ta. �rs�L ��L%i. 90-- •100425 If Lender required mortgage insurance as a condition of making the loan secured by this Security 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 Borm ees and Lender's written agreement or applicable law. C IN;-idat. r Lender or its anent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at tha time of or prior to an inspection specifying reasonable cause for the inspection. 9. st`oadmiamatlw. 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 sW 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 Mowing frz�tion! (a) the total, atttotznt off the seems secured immediately Were the taking, divided by (b) the fair market value of toe Frop". immediately before the ta!ka rag. Any balance shall be paid to Borrower. If the Property is abandotted by Borrower. or if. after no6x by Leader to Borrower fl: aA dy.- eomatfetnttor offers W ma!Itm an award or sdtte a claim for damages. Borm>iwer fails to r -spond to Leader within 30 dta rs,%fGi ea: Z2r tdatte the notice is givens:. Igmder is autbeekecl to collect and apply the proceeds, at its option, either ao restuntion or t�4 iaf the 7roperty yr teethe sn= secured by ebis Security Instrument, whether or not then due. UirJkss i er &= and Borrower otherwise agree in writing. any application of proceeds tt1 p mm.nPal sihalt'mot extend or pustlpa ere ft due date of the monthly payments referred to in paragraphs 1 and 2 or ch3nV.- tbe.sy payatzatas. A& Batatatvw Not Relaacd; Forbearatree By Lender Not a Waiver. Extension riff t;ihe fume farr payment eT modification of araaoreu=tion of the sums secured by this Security Instrument granted by Lender to =I successor in interest of Borrower shah 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 far payment or otherwise modify amortiration 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. Snecesson and Assigns Bonad; Joint std Several Liability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors slid 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 Bomwees interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sutras secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify. forbear or make a -iy 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 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 ex000d 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. I& Legislation Affecting Leader'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 seems secured by this Security Lrtsttument and may invoke any remedies pertained by paragraph 19. If Lender exercises this r,.ption, Lender shall take tt r q. ps specified in the second paragraph of 17. 14. Notieea. Any notice tIT Borrower provided for in this Security Instrument shall be given by delivering it or by jmffMg it by first class mail unless applicable law requires use of another met:4od. The" cotice shall be directed to the Property Address or amy other address Borrower designates by notice to L=& —L., Any notice to Lender shall be given by first class mail to LeacF li address stated herein or any other address Lender 0--imtates by notice to Borrower. Any notice provided *for in this Swateity, Instrument shall be deemed to have been given zoo Borrower or Lender when Snen as provided in this•Lmgmpb. 113. Gggerafa>g law; Sewe:msbility. This Security lnstrurr-,f---4 'tsl 1. i e governed by federal law and the law Qf•.t:lfe judsdti d, in whic0I Ithe Property as located. In the event that grovis5o ,rr clause of this Security Liawrumeat or alt& Note conflicts with,agriicalble bs,,•such conflict shall not affect other provi_:cons of this Security Instrtetarim or the Nate which can be given effaat v4thmanc the conflicting provision. To this end the provisions of this Security 111 am:rniment and the Nara mee declared to be seuecaRe:: ' filth Borrsvirees F� r o-r -i3wer shall be given one conformed copy of the Note wail of this Security Instru mew.. 1iT.. Ttattaffer apt° trite )l�iarwwty or a Beneficial Interest En Borrower. If all or ar, Dart of the Properly or. stay+ :q¢rrv§z do it issold ac' i ansferred Our d'a beneficial interest in Borrower is sold or transferm1utd Borrower is not a naturml ': gemm) without liiataiec"s prior written consent„ Under may, at its option. . uize stxtmediate{�3ytricset art titii of all sums sest0. ed by this Sezutty Instrument, However,. dus option shall not be eRea�i; i by Leader er of a el, : is prohibited by >l 66—, ji law as of the date of this Sectr city Instrument. rMeender exercises this apu,on, Lender shall give BorravFer Notice of ti�:eieration. l lie notice slesaU pr ovide a lac -rind cIitryr, limn than 30 days from the date the notice is delivered or mailed within wcitrch Borrower must pay ail attests secui eti by rd 'Swurity Instrument. If Borrower fails to pay these sums prior to the ez.�rit~mon of this period, Lents tnay invoke any u. >ketTlrafies permitted by this Security Instrument without further notice or dtmtrttd on Borrower. 1g. Borrower's Right to Reinstate. if Borrower meets certain conditions, Borrower shall have the right to have eaft%rerunt of thisSecunty Instrument discontinued at any time prior to the earlibr of: (a) 5 days (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or (b) entry of a judgment enforcing this Security 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, teasonable attorneys' fees; and (d) takes such action as Lender tray reasonably require to assure that the lien of this Security Instrument. Lender's rights in the Property and Borrower's 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 to reinstate shall not apply to the case of acceleration under paragraphs 13 or 17. i . I`1 k t t f r