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89-'-10535.9 if I,essder required mor4M insurucie as a coindition of making the loan secured by this Security Inuument. borrower shaD pay the M5 r" to mWatsin the insurance in effect until tab tiros as the requiremenit for the arwrolffilm with bwmveft and LoWW*written agreement of applicable law. reasostIAle entries upon OW inspection of the Property. Under -2 moonable ch—Opec"10"Pil — aws—C Ver—the 9. COWWON@dm The proceeds of.say award or claim for damqo% direct or consequential, in connection- with an -MOOMOM or other Mkift of any pen of the Property. or for conveyance in lieu of condemnation, am hereby mipadatiodskallbepoldtoLeeder. In the erect of a total taking of the Property, the proceeds WWI be applied to the sums secured by this Swaft Insitineniam wbetberor trot then dean with any excess pW4 to Borrows. In the event of a partial taking of the Property, tat IM 110110WU "d Lestder otherwise agree in wnda& the vins secured by this Security Instrumesst " be reduced by the amossnt of the proceeds multiplied by the follow ft fraction: (a) the total amount of the aims mcwgid immeditaggly before P dw tiskin& divided by (b) the fair miarliet valueof the Property immediately before the taking. Any balance doU be If the Pmpwty is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to mob W awwd or settle a claim for damages. Borrow a fails to respond to Lender within 30 days after the date the notice is shoes, I is outborited t9 collect and apply the proceeds. at its option, either to restoration or repair of the Property or to the sumucund by this Security Instrument, whether or not then dim Unlin Leader and Borrower otherwise agree: is wnm% any application ofpnxm& to principal SUB not extod or pompflal the doe: &W of the monthly t*ymmts rakrmd'to inpuMmphis I and 2 or change: the amount of such psymet" 10 Dwrown Na Rdem* FmAiaara■ee By.-taAw Mt at Waiver. Extmtsiiiw. of the time for payment or modillicatim of Amortizodcai"Of the to= "cured � this Security Instindamt.gradedApytaxler. to my successor im inter"Ofoorrowasluana, � operate to td se tftr Mty of the cirigirW Oomrwer or Sm-pivees successors in interest Larder shall not be require to comarertee proceb6tip mpinst way succeswr in interm'or rerun to extend time for payment or otherwise, WWI. Amortizaam cf the v= mured *Ois Security Instmiziftt by reason ofmy dmwd made by the aVegAmme ii�. 'jw.A1dArW,'Ad* Nibesirance by Lender in exercising any right or remedy 06nowee* dwR ad be ad A=Wn Dmift Joint ad Small LJvh9W, The covenand and agrftments of 'Witument SW bind and bencill the stscomm and.assign of Lender and Borrower. subject to the VvvWca or pacage iii 17'.4cirwwres covenants and agremirints shall be*a mid several. Any Borrower who co-signs this Security, Instrrsmt ba does not execute the Note: (a) is co- signing this Security Instrument only to moripgq, grant and cm'qty that Florrowees interest in the Property under the terins. orthis Security Instrument; (b) is not penwally eblipted to pay the sums secured by this Security Instrument; and (c) agrees that 14milier and any other &4ffcwgr may agree to exter4 modify. forbar or make any accommodations with reprd to the terms of this Securirj Instriment or the Note without 12. LaiisosChwom If the low secured by this Security•tistrument issubjmtoss -law which wtstanimurn loan charges„ and that law is Andly interpreted so that the interest or other Was charges coilkcte• or to be collected in connection with the Imn exceed the permitted limits, thee: (a) any such kmut charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums alvesidy COLWW'Crom Bormwer which exceeded permitted limits will be refunded to Borrower. Lender may choqw to make this refaced: y reducing the principal owed under the hUft-Or by making a din= pilrynent to Borrower. If a rdUnd reduces principal;: the reduction will be treated as a pa%W lirtm. mmt without any preps)vmt charge under the Note.-" 11.Aiaodstln Affectiog Lea Ws Note. If enactment or expiration of applicable laws has the effect Of YaWerinz any provision of the Note or this Security Instrument unenforcest4azcarding to its terms, Lender, at its option, guy rWWre irnmediaite payment in W, of all sums secured by this Security lastrumeng Ond may invoke any remedies permitted by ;aragraph 19. If Lender vmraisez this option. Lender shall take the steps spadAvid in the second paragraph of paragraph 17. 14. Nodevis. Any notice to Borrower provided for in this Security Instrument shall be givev.P.to- delivering it or by mailing it by first clan mail unless applicable law requires use of another method. The notice sW,be directed to the Property Address or any other address Borrower designates by notice to Lender. Any nonce to Lender shall be given by Arst cbm tug to lmidWs address stated herein or any other aeldreds Lender designates by-mice to Borrower. Any nZwke povy -foe i;n this Security Instrument WWI be deerned to have been given to Borrower cur -Lender wheel given as proOded in this paragraph. If- Colieroft Law; SOM ONO ft. This Security Instrument shall be governed by federal law and the law of the iWistAk-tim in which the Property is located. In the event that any provision or clause orthA Security Instrument or the Note coollicts with applicieW law, su b. conflict dWI not affect other provisions of this %zurity Instrument or the Notr wWcb can be liven effect without the conflicting provision. To this end the provisions of this, Security Instrument W 04 Note an declared tobeseverable. IC Owftwor's Copy. Borrower shall be given one conformed copy of the Note and of this %Curity Instrument. If all ormaji part of the Property cr any *WW ift 16tsold or transferred (or its beneficial interest in; Ilea mwer is sold or transferrrat and Borrower is not v nawral -pee 9ohi-withdut Laider's, prior written consent. Lender May. at As option, require immediate payment in full of adli stutis skumd by this Security Instrument However. this option shall not be exercised by Lender if exercise is prohibited'. bV 4&W law as of the date of this Security Instrument. If Lander exercises this option, Lender shall give Borrower notice ofacceleration. The notice shall provide a period orm ku then 30days 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 ramedin permitted by this Security Instrument without further notice or demand on Borrower. If)'e.-rwowu mftatsce;tairs coi-idifitms, Wfo*tr stall have the tight to have -�-tpforcexwmt of this Security Instrument discontinued at any time prior to the earlitt of-, (a) 5 days (or such other period as VpbcAk law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Inutufnent-, or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: 1(io;) pays Lender all sums which then 'would be due under this Security Instrument and the Note had no acceleration rutted; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this I - and (d) takes such action as Lender may ' Swunty Instrument, including. but not limited to, reasonable attorneys' fiecs, remwuMy require to assure that the lien of this Security Instrument. Lender's rights in the Property and Borrower's OWSW6 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 of no accelersuon had occurred. However, this tight to reinstate shall not apply rat ihecase of acceleration under paragraphs lJor 17 1. fik