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Jf h a L 1 IF Lender required mortgage 89--- 104860 raq ttgage insurancx 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 Borrower's and Lenders written agreement or applicable law. W Imp-Mbo. -. Leader or its agent may nuke reasonable entries upon and inspections of the Property. mender shall give Boiriotver aoricaeat the bate ofor prior to an inspection specifying reasonable cause for the iron. - 9 � Tht proceeds of any award or claim for damages, director consequential, in connection with any condemnation or other taking of any part of the Property. or for conveyance in lief: of condemnation, are assigned and shall be paid to Lender. hereby In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security less Borrower and Or Leader otherwise s �� any ��s paid to Borrower. In the event of a partial taking of the Property, the amount of the multiplied in Ming, the stuns secured by this Security instrument aball be reduced by Proceeds (b) ' lied b the following fraction: (a) the total amount of the sums secured immediately psid t Brnmwe� divided by (b) the fair market value of the Property immediately before the talon& Any batatmtx shall be If vise Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor offers to mike an aiiard or seffea claim for damages, Borrower fails to respond to Linder wiE$iQ 30 days after the date the notice is given; Leer is authoj".. od to colle�r and apply the proceeds, at its option, either to remx tltion or repair of the Property or to the su ia.cared by th'sSecurist-FlAstrument, whether ornot then due. V—di ss Lender and Borrow.rd*t&rwise agree in writ zig; any application of proceeds to principal shall not extend or postpone ct!e due date of the monthly pay tearz� u�erre to in paragraphs I and 2 or change the amr Mt of such payments. 10 Renewer Not Released; Fabeantt B Leader Not a waiver. Extension of Che Mime for modification of amortization of the. $=s s =kW by this Security Instxriii:ent payment or interest of Borrower shall not o g qi l.e es S to any sw gar in pezaia � release the liability of the original �orrowe� � ewer's successors ;� imterest. Lender shall not be required to commence proceedings against any successor in ir.: %rest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reaso*i of any demand made 'Ay the original Borrower or Borrower's successors in interest. Any forbearance by Leader in exeecsg any right or retied shall not be a waiver of or preclude t.'he exercise of any right or remedy. fig S- Mccessors and Aw4M BmA. Joist and Sererad LiabllitY. Co- sif�nera. tTr�r covenants and this —#,M n- lJ-1. Borrower's shall biiud v fser efit the successorS, r, n. assigns of Lender and 50- totver, sw 'ect to the of FpQ."%3:7. Borrowet'soov ¢ro�isions and agreasrix s sue" (as lint and several. Any Borrower w?JD (co -signs this Security d".4�e:�r does nc t eaxute the Note: (a) es ; ; $ O1 t Security fnstrument only to mortgage, grunt and convey th'ree's interest is the Property under t% rernms o; iliiit 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 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 connection with the loan exceed the permitted limits, then: (a) any such loan charge sJ:all be collected in 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 reduca;.S the principal owe under the Note or by malting a direct payment to &w rower. If a refund redlyas principal, the reducnm will be treated as a Partial prepayment withiva any prepayment champ wader the Note. 13. Le®blatioe Afiectiag Leader's ply, If enactment Of ; :anion aic vplicable laws has the atf'e~t Cf rendering any provision of the Note otr tbs Security Instrument unenforcea`'te accordin g cA its terms,: Under. at i "rs option, may require immediate payment in fiat! of all sums secured by this Secunil,' lastrument and may f,1- yoke any remedies Permitted by paragraph 19. If Lendc iaercises this option, Lender shall tak4 r.::e steps specified in eese' paragraph of paragraph 17. 10 !Notices. Any notice to &orrower prtvided for in this Security instrument liial) be given by delivering r,) or by :ailing it tsy &sit etas mail unless al4,, cable law requires ts.-4 .)f another method. The notice shall be directcti` t.� the Property Aa)d�e5s or any other addrer�,1?�: rower designates L-y rcti:e to fiender. Any notice to Lr per shall be g:vca by first class mail to Lender's address r4flad iverein or any other add, L.ea14:C designates by notice to 13osr. shall be notice provided'for in this Security: Instrurneac shall be deemed to have besrr given to Harrower or Lender when given as provided in this paragraph. 15. GIie�K 1Aw; SerMINlity. This Security Instrumeen: shall be governed by federal 4w and the Saw of the jurisdiction in which the Property is locate. In the event that any provision or clause of Hiss Seca ' Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Iss4 Instrument or the or the Note Notecan cl given ebe s 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 1r41rument. 17. Truafer of tie Ptrperty Ora Beae&W taterest la Borrower, if all or an interest". it is sold or transferred (or ifs beneficial interest in Borrower is sold or transferred a d Borrowep's noun r any 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 asofthedateofthisSecurity Instrument. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 3o 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 a pay these Sums prior to the expiration of this period; Lender may invoke any remedies Permitted b/ this Beautify Instrument without further notice or demand on Borrower. Is. Borrowd's Rw to Rye. if Parmwer netts detain 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 for reinstatement) before sale of the property pursuant to any power of sale contained in this nstrument Those conditions are that Borrow Security Instrument; of (b) entry of a judgment enforcing this Security Instrument (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 ibis security Instrument. including, but no-' limited to, reasonable attorneys' fees. and (d) takes such action as Lender may 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 rtinstatement by Borrower, this security Instrument and the obligations secured hereby shall remain fully effective as it'no uccclerat: <;n i:ad occurred. However, this right toreinstate shall not apply in the Case of acceleration under paragraphs 13 at .17. i