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i f I J 4 _fir — 907- 106531 _ U Lender required mortgage insurance gas a condition of making the loan secured by this Security Instrument, "'' ilorroarer shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the infvmwe terminates in accordance with Borrower's and Lender's written agreement or applicably: law. R. ItiMmetkm Letxkr or its agent may make reasonable entries upon and inspectio:ts of thz Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 9. CoaNtatatatkin, The proceeds of any award or claim for damages. direct or consequential, in connection with j any condemnation or other taking of any part of the Property. or for conveyance in lieu of condemnation. are hereby r assigned and shall be paid to Lender. rooted. -1 -11 be a lied to the sutras secured by this Security In the event of a total taking of the Properly. the p a rr Iratrumial. whether or not then due, with any excess paid to Borrower. In the event of a partW taking of the Property. unless Borrower and Lender otherwise *Stec in writing, the sutras secured by this Security Instrument shall be reduced by of the multiplied by the following fraction: (a) the total amount of the sums secured immediately the amount proceeds 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 matte an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the 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 stuns secured by this Security instrument, whether or not then due. Unless Lender and Borrower otherwise agree in writing, ariy application of proceeds to principal shall not extend or ; postpone the date date of the monthly payments rdet red tom part> mphs 1 and 2 or change the amount of such payments, 10 Barrowec TV44 HRtleneft FOEWCaraue >A LIM60 `tat a Waiver. Extension of the time for payment or modification of attiart:t =X0 srf ft- MM sm,11 is liht *as Sew; ity Instrument granted by Lender to any successor in interest of Borrower 51raJ1 rrJ tr to release Olt liol. ay 4i €tC�e original Borrower or Basrtititier's successors in interest. Lmrd= AA not be rozaimd to- r,,ZMn .ertce pN-.vi1nW against any successor in interest or refuse to extend time ne other. vise modify aawttir.. mn, of tlt¢ s u secu;edfi this Security Instrument-by reason of any demand made paymeeat by the ucii oal Borrower or Borrowers sttCCE39a'MiJ31;stl --,eg:• any forbearance by Lender in eiercising any right or remedy sball met be a waiverofrtr. preeludetheenerciseofery nyi:,�t remedy Dt. Saceessm sad Assigns 324u k Ja4rth wo Sev"W Liability; Co- signets. The covenants and agreements of I , . this Secamy Instrumm shall brad and lbenefit the successors aid assigns of Lender and Harrower, subject to the provisions of pa k4-VM7. Borr+awces eovmntaM and agreements shall be jobs and sexeral• Any Borrower who co-signs this Security I. Instrrarott +dr taoct does ¢tan err =ute fire Note: (a) is coesipitig this Security Instrument only to mortgage. grant and convey that Borr+ees inter+esa in an Frapeaty under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Securiity imtrament; and (c) agrees that Lender and any other Borrower may agree to extend. modify, forbear or make any acconr cdations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 12. Lea 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 exceed 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 (h) any sums already collected from Borrower which excesvcd 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 Lettdeesi 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 sums secured by this Security Instrument and may invoke any remedies Lender take the steps specified in the second paragraph of permitted by paragraph 19. If Lender exercises this option, shall paragraph 17. 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing is by first class trail unless applicable late reciaires 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 Lenders address stated herein or any other address Lender designates by notice to Borrower: Any notice provided Ear in this Security Instrument shall be deemed to haw been given to Borrower or Lender when given as provided in this pacagraph. 15, CrVerning Lw; Sevembility. This Security Instrwaant shall be governed by federal law and the law. of the jurisdiction in which the Property is located. In the event that =y provision. or clause of this Security rnm cument pc the Note conflicts with applicable law, such conflict shall not affect. ozhea pn urs./Ttzs of this Security rristcucrr5at or Ilia lie e which can be given effect without the conflicting provision. I'm ar,as a e...:12e provisions of this. Security tctstrument and the Note etedeclared to be severable - 16. Borrower's Copy. 13•errower shall be given one conC —m-led copy of the Note and: of this Security Instrument. 17. Traatfer of the Property or a BeneWal Interest in Borrower. If all or any part of the Property or any it is (or if a beneficW interest in Borrower is so:d or transferred and Borrgw. ter it not a natural interest in sold or transferred person) without Lender's prior written consent. Lender may. at its option, require immediate payment•:iM, 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 Bor'ow r::' rirnt ,•� (-f acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or marled %ttbur. %hick 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 f4rthec notice or demand on Borrower. M Borrower's Right to. RelmWte. ff P(c roxee mr . certain conditions, Borrower shall have the right to have enfar=nent of this Security In si:rwm t discarbtatu et1`,ix .,� p Dine prior to the earlier of (a) 5 days (or such other period: as applicable law may specify €or reinmuementf lse[izce wt lr; ref: l lie Property pursuant to any power of sale contained in. thiis ; Security Instrument. or (b) carry r,.f a:lfuigniei-xt enL•oraa it f bis Security Instrument. Those conditions are that Borrower: (a) pays (.ender all sums whiciz',tba would! be dill: iiit:dier this Security instrument and the Nnte !tali no acceleration occtitretil (b) cures any default af:'fmn Other cov"Yaii� iii, aprmments: (c) pays all expenses incurred tit ertforcittig: this Security Instrument, including. but: not limited to. reasonable -r attorneys' fees; and fd) rakes such action, Lend mny reasonably require to assure that the lien of this Security instrument. Lenders rights in the Property and 8nrr<3w?ci'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.