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99-- 104901 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 Borrower`s and Lender's written agreement or applicable law. & Lupeedom. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the timee -for prior to an inspection specifying reasonable cause for the inspection. 9 Condemnation. The proceeds of any award or claim for damages, director consequential. in connection with any condemnation or other taking of any part of the be paid to Lender. Pro l�Y. or for conveyance in lieu of condemnation, are hereby assigned and shall 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 following fraction: (a) the total amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower. If the Property is abandoned by Borrower, or if, after notice by:Lender to Borrower that: the condemnor offers to make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days of rthe date the notice is given. Lender is authorized to colhAsnd apply the proceeds. at its option, either to restoration or repair of the Property or i to the sums secured by this Security 10itrument, whether or not then due. Unless Lender and Borrowiw otherwise a in writin an a %,.*tion oP f roceeds to rincipal shaA t tend ■ _. 4. fly 89 J PP p ao ex os . postpone the due date oftbe monthly payments raferred to in paragraphs 1 and 2 or change the amount of such paymenia, 10. Borrower hat Released; Forbearance By Lender Not a Waiver. Extension of the time for payment. or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interestof Borrower shall 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 for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason ofany demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall notkeq waiver of or preclude tyre exercise of any right or remedy. 1I.. Successors and Asftws Must Joint and Segal Liability; Co- sipera The covenants and agmmts of this Security Instrument shall bind ter; benefit OP.. successors and assigns of Lender and Borrower�sr7 ,Jgct to 1:N.-Trsovisions of paragraph 17. Borrower's covenants and agrv=r -fits shall be joint and several. Any Borrower wiiia iz•�s Rh}is Security Instrument but does not execute the Note: (a)'Lso.74gair,this Security Instrument only to me it %grain; -xd convey that Borc'q�wer's interest in the Pro" under the terms cf tdlisSecurity Instrument; (b) is not personally oblige ed to pay the sums, .fired by this Security rrtm-rument; and (c) agraim khat Lender and any other Borrower may ag.rec W. extend. modify, fcui!tar or make any accommodations with regard w the tenors of this Security Instrument or the Note without that Borrower's conseiie. M Loan Clargrs. If the loan secured by this Secasity Instrument is subject to a law which sets maximum !oats., charge&, rru3 that law is finally interpreted so that the interest or other loan charM collected or to be collected in connect cm with the loan exceed t&o permitted limits, tit=: t.) any such loan chi . shall be reduced by the amount necessary to reduce the charge to t m permitted Thvit; and (ist;;F-ny sums already colte)rd from &w. rower which exceeded permitted limits will be refunded to Borrower. 1?=dcr era...hoose to make this refund by rc ucir g the principal owed under the Note or by ranking a direct payment to Borrower:. f9a refund reduces principal, the rediio: on will be treated as a partial prrgayment without any prepayment charge under Challote. I.T. Lt&btkm Affecting Leader's Rights. irf atactment or expiration cf 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 paragr2pht 19. if Lender exercises this option, Lender shall take the steps specified in the second paragraph of paragraph 17. 16. Notices. Any notice to Borrower provided for in this Security instrument filial] 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. Governing Law; Severabilltly. 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 N+ttc 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. Traaafer 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 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 mends certain conditions, Borrower shall have the right to have enforcement of this Security instrument discontinued at any mae prior to the earlier 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 L 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, reasonable attorneys' fees; and (d) takes such action as Lender may reasonably require to assure that the lien of this Security instrument. Lendei 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 in the case of acceleration under paragraphs 13 or 17. 7 1. J