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Ji F ■ J: F 89, 104898 It Lender fo**W mortgage insurance as a condition of making the low secured by the Security instrument, Borrower shag M the prOrniume re ked to maintain the insurance in effect until such time as the requirement for the insurance terminates In accordance with San%war's and L~a wrlIW agneernant or applicable ww. & Inspection. Lander at ft agent may make reasonable entries upon and inspectloris of the Property. Lender shall ghra Sommer nice at the time of or WW to an inspection specifying minariable cause for the inspection. • B. COndOMnMUML The proceeds of any award or claim for damages, direct or consequential, in connection with any condom rraton or olhor VMV of any part. of the Property, or for conveyance in Im of condemnation. we hereby ass%W and shed be paid to Lander. In the eivere of a told Wit of the Property. the proceeds Ad be sppW to the sums secured by this Sociulty inshumorg. whether- or not then due. with any excess paid to Borrower. In the event of a psrW taking of On Property. unless Borrower and Lender otherwise agree In wdft the sums securist! by this Security Inalinumard shoill be reduced by the amount of the proceeds miultollad by the follming. I (a) the total amount of sums secured inornedlortely before the t"% divided by (b) the bk market value of the ft9perty irMM& d* before the Wring. Arty balance " be paid to Borrower. 9 the Properly Is abandoned by Sommer, or K after notice by Landor to Borrower that the condemnor offers to make. ote -0–im saute a doirn for damages. Borrower his to respond to Lender within 30 days after the data the notice to O fak OrWerlt authOW-4fit- coW and apply the proceeds, at its option. either to restoration or repair of the Prop" or to the stuns by.ffii8`f Zirky �i �U- msM whether or not than due. Union (Lender ad Bam"ar 0110*fse'a" in writing. any, ag"cation of proceeds to pdrmtw shat ("It.44ond or#qOVone the dm dift Of ft -*Id*j Pdol"Oft. .*r, 91-in. porar Jwft- 1, and 2 or change the amount of such Ovjmw► 10. axvw sir ekt fle1 s4i6e L"dor Mck' Waiver. riden sicn. 42C ft*M for *Mwn! Cr rstiaw 1hi WAM SOMAW.;'fzy Mis Security Ina%warit Ww*d P-5 Mder ta, avy, successor in interest (tS=-Mff not F--Idm of Mak"M operaft tai mum ft amy it lim 17-017-4 Borrower or Bwmses succemam. h lie ftnrt(�: Lender shall not be raq4taid to Commence proceedings apkM any suci:esso kt L- a—vgsft = reft= to a4wid time for payment or arnorlizalion of the sums secured by this Secirity Inxtrurnerit by mason ct any demand made by �e original Borrower or Borm-*ves successors In Interest. Any forbearance by Lw.%Dw ilm siardsing any right or remedy shag not be a waiver of or preclude the exercise af, any right or remedy. 11. Successors and Assigns Bound; Joint and Several Usbility; Co-signers. The covenants and agreements of this Security Instrurnent thing bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of pwnWWh 17. BWVMWs covenants, and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but don not execute the Note: (a) In co- signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Prop" under the tam of " Security Instrument (b) Is not personally obligated to pay The sums secured by this Sommily Insturnent; and (c) agrees that Lender and any other Borrower may agree to Wend, modify. forbear or make any accommodations with regard to the term of ft Ssourky Instrument or the Note Without that Borrowers consent. 12. Loan Charges. it the loan secured by this Security Instrument Is subject to a law which sets mukmm loan charges. and that law Is finally interpreted to that the interest or other loan charges collected or to be collected in connection with the Im exceed the permitted limits. then, (a) any such loan charge shag be reduced by the amount necessary to reduce the charge to the permitted knit; and (b) any sums already collected from Borrower which exceeded permitted wants will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or 14 making a direct payment to Borrower. If a refund reduces prin- cipal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 13. Legislation Affecting Lender's Rights. it enactment or expiration of applicable lows has the effect of rendering any pro- vision of the Note or this Security Instrument unenforceable according to its tam. Lender. at Its option. may require immediate payment in lull of all sum secured by this Security Instrument and may Invoke any remedies permitted by paragraph 19. If Lander exercises this option, Lender shelf take the steps specified in the second paragraph of paragraph 17. 14. MOUCM Any notice to Borrower provided for In this Security Instrument shag be given by delivering it or by mailing it by first Clan MFA W*M8 applicable low rear es use of another method. The notice shall be directed to the Property Address cr any other address Borrower dsoWwfts by noUw 0 Larder. Any notice to Lender shall be given by first class crag to Lender's address stated herein or any other aftm Lender doo&J;r&n t:y notice to Borrower. Any notice provided for In this Swurity Instrument shall be downed to have bow given to Borrower or Lender when given as provided In this paragraph. 15. Governing Law. Soverability. This Security Instrument shag be governed t;j 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 low, such oonflet shelf not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicling provision. To this end the provisions of this Security Instrument and the Note we declared to be severable. 16. BOMM&WO Copy. Borrower shag be given one conformed copy of the Note and of this Security Instrument. 17. ThrAftor of the Property or a Beneficial Interest In Borrower. it all or any pail of the Property or any interest in it is sold or tanishmoc! (or If a beneficial interest In Borrower Is sold or transferred and Borrower Is not a natural person) without Land- sea prior %*m consent, Lender may, at its option, requite Immediate payment in full of all sums secured by this Sewrity Instrument Howasr, this option shall not be exercised by Lender If exercise Is prohibited by federal law as of the date of this Security Instrument If Lander inuorcisse this option, Lender shag give Borrower notice of acceleration. The notice shag provide a period of not less then 30 days from the data the notice Is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument It Borrower felt to pay these sums prior to the expiration of this period. Lender may Invoke any remedies permitted by this Security Instru- ment without further notice or demand on Borrower. 18. Borrower's Rfght to Reinstate. If Borrower meets certain conditions. Borrower shall havv the right to have enforcement ZI It" SOMNY lnsk~f diScontirmed at any time prior to the sage of: (a) 6 days (or sucb c'?e ' r per[cd as applicably frov may ape* '42tv roinivislomiont) belcm. wee of the Property pursuant to any pavw of sale contained in flni& or Cav- entry of a judgment armI, Ch r9 ft SMNW IhINUMent. Those condMas are that Sotrzower : (a) (Ayt Undr a6iz:u� w-NiNt. Men, would be duo under this Security Instrument ai& t1to Note had no accdei-Aari, 4ccurrod; (b) cures xV,default of Wy, cc--er =arwiz. dy agreement (0) Oftfs a expenses incurred in wMaing this Soaaft�e Instrument. Inducing, but not limited to, reasonawe attorneys, fees•. anct, (• takes such aa" as Lander may reasonably require to4svm that the lien of this Security Instrument, LendWe lights In the Property aiT;i. rz:orrowees Wile- tion to pay the mum amicured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower. this Security Instrument and the obilgatloris secured hereby shall twain fully effective as If no acceleraflon had occurred. However, this right to reinstate shall not apply In the case of acceleration under paragraphs 13 or 17. 3MIFAM MIMB) CMS -I