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_ A :; ,�vjPHl+] tS. .r iii �- .r.� -. _ ►" _"' . r {7 ;s. .t. �j1 fit. ,1 r f t ! if i fr t16 �l �'�j 90-106692 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 agreemrnt or applicable law. - e. 'lasgreethsa. tender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause ror the inspection. —9. Capoemoadoa.- The proceeds of any award or claim for damages. direct or consequential, in connection with any condemnation or other taking of any part of the Property. at 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 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 Leader otherwise agree in writing, the sums secured by this Securitr 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) ttte fair rw ke-t value of trice iroperty ini mediately before rlic taking. Any balance shall be WA to Borrower. If the Property is abandoned by Ifarrower. or i£ after notice by Lender to Borrower that the ceadowor offers to make an award or settle a claws for damages. Borrower fails to respond to Lender within 30 days aver the date the notice is given, L wader is authorized to colfoct and apply the proceeds. at its option, either to restoration or repair of the Property or to the sa= s2et'.�.t'ed by this Security instrument, whether or not then due. wl*_-ts lender and Born wen. otherwise agree in writing, any application of proceeds tv principal shall not extend or _ postpoig shed gn date of the mor' -My payments referred to in paragraphs 1 and 2 or chauve the amount of such payments - A, i tuner Not Released; Forbearance By Leader Not a Waiver. Ext6wiwv of the time for payment or modrxv wzYmm aT amortization of the sums secured by this Security Instrument grar a, hp Lender to any successor in er shall not to to release the liability of the original Borrower roc RxmJw.ees successors in interest. fntetrattc+Fi}k�sr'c�w opera I=$= " against any successor in b.,.Ix,1Zst cr k cruse to extend time for be to commence not required proceedings psyeaant aT ¢ireswise modify amortization of the sums sesmreed by this Security Instrumemi:IN reawm of any demand made I by the( 3mmwer or Borrower's successors in interest. Any forbearance by Lender m exemr i =4 rru ty right or remedy shall mroa be a m auiaer of or preclude the exercise of any right or remedy. IL Samesaors and Arraign Bound, Joint and Sewed Liability; Co- signers, ne covenants aril agreements of � tbis Secmrity Instrument shall bind and benefit the succescomand assigns of Lender and DnTrower, subject to the provisions { of graph 17. Borrower's b&vtnants and agreements shaJ;l1 be joint and several. Any Borrower who co-signs this Security i Instm=tn3 beet: dam not exmc.mra the Note: (a) is co-signing this Security lnstrumemt tcdy to mortgage, grant and convey that Borrower's mflremest in ft Property under the terms of this Security bstrurncm (b) is not personally obligated to pay the sums secured '1n this Seciriiy Instrument; and (c) agrees that Lende.T and any other Borrower may agree to extend. ; is mod*, forbear or make any :aoccommodations with regard to the tertns aE zWs same—,(v Instrument or the Note without tlimtt Borrower's consent. 12. Lou CharM. IIf the loan secwad by this S=ority Instrur writ is subject, to a law which sets maximwmm halo charges. and that law is finally interpremed sa that the interest or 6zher loan charpes collected or to be collected tin. connection with the loan exceed the pertnh—,ed limits. then: (a) any iuch loan charge shall be reduced by the arnmont necessary to reduce the charge to the permitted limit; iuid Iv) any sums air ody coll --cord from Borrower which ex±mdwl pitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal: iawra w=Umw the Note or by making a direct payment to Borrower. If a refund reduces principal. the reduction will be treated as a paeW p ngmgz cxct without any prepayment charge under the Note. 13 Leg elation Affecting Ltuder's Rights. If enactment or expiration of applicable laws has the effect of ' rerdei'dng an-$ pmvision of the Note or this Security Instrument unenforceable accord,ng to its terms. Lender, at its option. • neey require immediate pay -meat in full of all sums secured by this Security Instr,errment and may invoke any remedies permitted by paragraph 19: IITL -order exercises this option, Lender shall take the step-, s�cified in the second paragraph of mph 17. 14. Notices. Any roucc to Borrower provided for in this Security Instrument shall be given by delivering it or by taailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Fbzperty Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by sec ass mail to Lender's address stated herein or any amber address Lender designatesby notice to Borrower. Any notice pm ,vfded'for in this Security instrument shall be deemed to have been given to Borrovs'e or Lender when given as pora -vided in this paragraph. 15. G4wnfag IAw; Severability. This Security Instrument shall be governed by federal law and the law of the jurisdiction ice 14fxi:h the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts ,%ith apptkabfe law, such conflict shall not affect other provisions of this Security Instrument or the Note <. 96h;:( It can be &4ilert effect twidmut the conflicting provision. To this end the provisions of this Security Instrument and the Nero are decraced to be se&amble. lt; Bi'lenmwees CM-. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Tnwnsfer of the Property or a Betseficial Interest in Borrower. If all or any part of the Property or any (or if a beneficial interest in Borrower is sold or transferred and Sarrower is not a natural interest in it is sold or transferred 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 proThbited 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. 15. Borrower's Right to Reinstate. if Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earlier of. (a) S 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 Instrument; or (b) entry of a judgment enforcing this Security instrument. Those conditions are that Borrower: (a) pays Leader all sums which then would be due under this Security instrument and the Note had no acceleration default of any other covenants or agreements. (c) palls all expenses incurred in enforcing this occurred; (h): cures any Security Inswument. including. but not limited to, reasonable attomeys' fees; and (d) rakes such action as Lender may reasonably, require to assure that the lien of this Security Instrument. Lender's nghts. 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.