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�- u�•rrs _��- �r�� -�= ..,r,.;; .. a..f. iii 1 .. .. av�zrf_ wa ft Lander required moot" Insurance as a condition of making the loan weaned by the Security �sTnin+:�. 4 W -5 i a ir the prernNnma required to maInWn the Insurance In alfa'1 until such time as the requirement for the insurance Ierminatea in accordance with Borrower's and Lender'* written egrument or eppgabfe Mw. 8. Inspeotlon. lender Of its spent may make reasonable enilse upon and Inspections of the Property. Lender shall give Borrower node at the tints of M prier to an inspection spec"gl reasonable cause for the Inspection. 9. Condennnatim. The proceada of any award or cNim for damages, direct or consequential. in connection with any cO ndwsw lion or other taking of any pat of the Property, or for conveyance in flea of condarmalian. are hereby asstgned and shall be paid to Lander. In the event of a total taking of the Property, the proceeds shW be applied to the swv& secured by this Security instrument. whether or not then due, with any excess paid to Borrower. in the avant of a pwW taking of the Property. unless Borrower and Lender otherwise agree In wrW4 the suma seared by this Seowrity Instrument shall be reduced by the amount of the proceeds mulsiplied by the fallowing fraction: (a) the total arnotsnt of sums secured irnmedlatety before the taking, divided by (b) the fair market value of the Property Immediately before the taking. Any bal nce shat be paid to Borrower. "the Property Is abandoned by Borrower. or b, alter notice by Lander to Borrower that the condemnor often to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the data the notloe Is given, Lender is authorized to collect and apply the proceeds. at its option, either to restoration or repair of the Property Of to the suns secured by this SeM tty Instrument, whether or not then due. Unless Lander and Borrower otherwise agree in writing, any appiiration of proceeds to principal shat not extend of postpone the due date of the monthly payments referred to in paragraph 1 and 2 or change the amount of such payments. 10. Borrower Not Released; Forebearance By Lender Not a Waiver. Eytenston of the time for payment or mods cation of amortizat)on of the sums secured by this Security Instrument granted by Lander to any successor it interest of Borrower shall not operate to release the liability of the original Borrower or Boacwees successors in Interest. Lender shall not be requited to commence proceeding* against any successor In Interest or refuse to extend timer for payment or otherwise modify amortization of the sums secured by this Sft:iu )4 ttsfta rent by reason of any demand made by tKp. ofg&1W Borrower or Borrower's successors in interest. Any forbearance by Lender o 4*ft byj any right or remedy shalt not be a walver Of 6r preclude the exercise of any right or remedy. 11. Auccessaim and Assigns Bound; Joint and Several Liability; Co- slgnere. The covenants and agreements of this &malty Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. 6=*We's covenants and agreements shall be joint and seuaral. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) as co- signing this Security Instrument only 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 (o) agrees that Lender and any other Borrower may agree to extend, moldy, forbear or make any accommodations with regard to terms of this Setw+ly Instrument or the Note without that Borrower's consee *t t2. iLtaan Charges. It the iarn:l secured by this Security inv%ment is subject to a lava uihr:t sets maximum loan charges, and that Im f% finally imteoprded so that tine Interest or other loan ct wX.— =fleeted or to be coil v p.d in connection with the loan exceed the permitted limits. them:. Ca) any such loan charges shall be reduced,, ty..-rip amaaat nacessarY to reduce the charge to the pemmitted limit.- and (b) any sums . -e-wiy collected from Borrower which exceeded permitted rm, ,s w,aifl be refunded to Borrower. Lender may choose to make this refund bg•rvducing the principal owed under dine Kate w, ay making a drect payment to Borrower. tf a rdund reduces principal. the reduction will be treated as a partial prepayment without any 9V aymnent charge under the Note- 13. Legislation Affecting Lender's Rights. If enactment or expiration of applcable saw has the effect of rendering any provision of the Note or this Security instrument unenforceable according to its terms. Lender, at it ."Von. may require immediate payment in full of all sums sewed by this Security Instrument and may invoke any remedies permitted by pa:agraph to If Lender exercises this option. Lender shall take the steps specified in the second paragraph of paragraph 17. 14. Notices. Any notice to Borrower provided for In this Security Instrument shall be or by mailing it by fast class. mail• unless applicable law requires use of another method. Tate mortice shall be directed to. the 7 -�2y Address or any other address Boroc� c�zs`.gmates by notice to Lender. My notice to Lender small Ue given by first class ma%1'ic lrztrtas s address stated herein or any other address L•emdier designates by notice to Borrower. Any notice p,:oveded farr in this Security Insv%.� env* shill be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. Governing Law; Sev®rability. This Security tnstrpment shall tae wavemed by federal law and the law of the jurisdiction In which the Property is located. ire »`r_ event that any provision or cause of this Security InsMm.ent or the Note conflicts with appgcabte law, such conflict shall not affect other provisions of this Security Instrument or the Note whccre can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note awe declared la tys severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of 3:,a n cte a d ©e !Ells Security instrument 17. Transfer of the Property or a Beneficial Infterrest In Bonowev. of din a7 .say part of the Property or any Interest In it is sold or transferred (or it a beneficial interest in Borrower is sods cm bainsferred,=d Bcirome- its not a natural person) without Lender's prior written consent. Lender may, at its option, require imrrr dim l aymert rr. %i1 of sit sums secured by this Security Instrument. However, this option shall not be exercised by Lender it exercise vs 1C[hit oa& faK 1-a-3eral law as of the date of this Security Instrument It Lender exercises this option, Lender shall give Borrower nc!��- e aicC 4mliz'. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which. he pay all sums secured by this Security Instrument. It Barra wAm tabs to pay these sums, prior to the expiration of this perd.: Lender may invoke any remedies permitted by this Security Instru- ment aafthout further• notice or det+rwd art Borrower. 16. BorrowreeI1i RF.g t ft IRrai'u estate. It Borrower reds• wrtain conditions. Borrower shall have the right to have enforcement i l of this Security lnst nt rGsc*M�7wid at any 9Lne: l3rior to the eanter, of: tor.) 5 dzys; (or such other period as applicable law may specify for reinstatement) before safe al' dot} 1 ?scperty pursuant to any pc& c-r cf salts c,,vv nc4 it this Security Instrument: or (b) entry of a lirdglnralt enforcing this Security lildniment. Those conditions arm li at 15ow— lrE- (a) .pays Lender all sums which then would be due under this .Security Instrument and the Note had no acceleration occune:k: tL•) Carnes anp default of any other covenant or agreements: (c) pays all expenses incurred in enforcing this Security Instrument. indudirg; but to. reasonable attorneys' fees: and (d) takes such action as Lender may reasonably require to assure that the lien of this Security lnsvwnent. Lender's rights in the Property and Borrower's oblig soon to pay 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 paragraph 13 or 17. Page 3 of a <, CTt j38M) 9280071