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d_ a. 90-1.06486 It 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 tho requirement for the insurance terminates in accordance wilh Borrower's and Lender's written agreement or applicable law. II, lnspaetfon. Lender or its Milani may make reasonable entries upon and inspections of the Property- Lender shall give Borrower notice at the time of of prior to an inspection specifying reasonable cause for the inspection 9. Condemnation- 1 he procc+edsof 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 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 Socutity 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 otherwiseagree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the Proceeds multiplied by the ly total before f immediately before the taking. divided Ib) the a market va ueofthe Property immediately th tak ng. Any balance shall be paid to Borrower. It the Properly is abandoned by Barruwer, or if. after notice by Lender to Borrower that the condemnor 0Ners to make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the datethe notice is given, Lender is authorized to collect and apply the proceeds. at its option, either to restoration or repair of the property or to the sums secured by this Security Instrument. whether or not then due Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred tom paragraphs 1 and 2orchan. aarQ amount of such payments. 1Q, Bortovnr Not Released; Fodmarance By tender Not a WaMIN BAZen, %..vin of the time for payment or modification of amortization of the sums secured by this Security Instrument gre+.-nted by Lender to any successor in fntetestofBorrowershal lnotoperatetoreleasethetiabilityoftheoriginalSoaa 'cuvnerrwLv."(O' uet'ssuccessorsininterest. f andeit &Mll not be required to commence proceedings against any successor am icn;er es>? or refuse to extend time for, pa)ilt�4 or otherwise modify amortization o1 the sums secviced by this Secicrrtll t�sarurrient by reason of any demand node bythe original Borrower or Borrower's successors in interest. Any tort a arerre by Leer in exercising any righter ripowdp shall not be a waiver of or preclude the exemrse of any right or remp dy: 111, Suceswils and Assigns gound; JointandraeveralUsblllty ;Co- sign2v.'s.. The covenants and agreementsofthis Security instrument shall bind and benefit the succ ^a5ors and assigns of Lender and Borrower. subject to the provisions of paragraph 17 Borrower's covenants and agreements shall be joint and several Any 13wrower who co -signs tams Security instrument but does not executetheNote ;a) IS Co-signing this Securitylnsirume :al ,nly 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, modify, iorbear 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 lens Security onstrumeni is subject to a r;a•n which sets maximum loan charges. and that law is finally interpreted so that the interest ar other loan charges collected or to be collected in connection with the loan exceed the premitted liml.ts. then- ..a^ any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted Limit. and (b 1 any Sums atread y. (:r!i ected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may ChZ)Qse to make this refund by reducing the principal owed under the Note orhymakinoa direct pavmenttoBorrower If aizh:md reduces prmcipa!-.7rLz eduction will be treated asa partial prepayment without any prepayment charge tinder the Note 13. Legislation Affecting LendersRights. If enactment or expiration of apphce- 1Velaarr- l- as the effect of rendering any provision of the Note or this Security instrument unenforceable according try ,r; +;cnrs, Lender. al- ils option. may require immediatepaymentintullofailsumssc- cuiedbythisSecuritylnstrurnenrandm 1;a-"tioke any remedl+_spermitted by paragraph 19. It Lender exercises this opt'ign. Lender shall take the steps : ;R t)' = *� !n the second paragraph of para. 9rJph 17 114_ Notices. Any notice to L'lorrower provided for in.rnis Security Instrument sha�� e given by delivering it oa by mailing it by first class mail unless applicable law requires u:,^? of another method. The notice shall be directed to t! ^ ?.' Proper Address +. r -lily ether address Borrower designates by notice to Lr r-,bF• Any notice to Lender shall be given by first class mail to ler,!iar's address stated herein or any other address Lende, Ie:r+ynates by notice to Borrower Any notice provide(Vor in this Security Instrument shall be deemed to have been given :c -'arrower or Lender when given as provided in this. paragraph TS. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the )urisciiction in which the Property is located Ln the event that any provision .:r clause of this Security Instrument or the Note conflicts with applicable law. such conflictsliall not affect other provisions of this Security Instrument or the Note WIlich can be given effect wilho :,t.r .heconflictingprovision To this end the provisions C "thcSSearuri'yoristrument and the Note tan: declared to be severable?. Borrower's Copy. BVi rtwier shall be given one conformed copy of the Note and. of this Security Instrument. 17. Transfer of the Property craBeneficial Interest InBorrower. It an or any part? :,3.11re Properly 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 i mine a,ate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lei,rfer ;f exercisers j)rohibited by federal lawns of the date of this Security Instrumtahi It Lender exercises this oplfon. Lender shall give Borrovrier notice afa.cceleration fihe notice shall provides period Of not less than 30 days from the date the notice is delivered or mailed wit 1111) which Borrower must pay all sums secured by this Security Instrument If Borrower fails to pay these sums prior to the ex'pirat,on of this period. Lender may invoke any remedies permitted by this Sccurity Instrument without further notice or demand on Borrower 10. Borrowers Right to Reinstate. 'if Borrower meets certain conditions. Borrower shall have the right to have enforcement o1 this Security I nstrumeni discontinued at any time 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 Security lnstrument.or(b) entry of aludgmeni enforcing this Security instrument Those cond it ions are that Borrower (a) pays Lender al I 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 Idf takes such action as Lender may reasonably require to assure that the lien of thisSecurity Instrument. Lender's rights in the Properly 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 it no acceleration had occurred. However. this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17 04.12c NBC 2324' -: _ 1 r ,0