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-rtZ 90--100887 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 agreement or applicable law. e, laspeetion. Lender or Ira agent may make reasonable entries upon and inspections of the Preperty. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 9. Coadennuidon. 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, 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 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 Lender otherwise agree in writing, the sutras secured by this Security instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) mitotal tamount ore the taking. Any balance immediately Wore the taking, divided by (b) the fair market value of the Property Y paid to Borrower. If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails to respond to Leader 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 sums securW by this Security instrument, whether or act then due. Unless Lteader and Borrower otherwise agree in writing, any zpplicatraa of proceeds to principal sTta[L not extend or postpone the due date of the monthly payments referred to in patW aphs 1 and 2 or change the amount of such pafymmts. 1©. Bwmwer Not Released; Forbearance By Leo&r Not a Waiver. Extension of the time for payment or modification of w. wrtization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borwvku;r shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall nvt 4e required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shad not be a waiver of or preclude the exercise of any right or remedy. 11. Speieessors and Assigns Boundl Joint and SetteM Liability; Coasigaers. The covenants and agreements of this Security instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of pw*graph 17. Dorrowces covenant° and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but does not execute the Note: (a) is 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 (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 12, Loam 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 (b) any sums already collected from Borrower which exceeded permitted limits will be reftinded 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. 13. Legislatlon Affecting Lender's 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 permitted by paragraph 19. 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 given by delivering it or by mailing it by first class mail finless applicable law requires 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 Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to &irrower or Lender when given as provided in this paragraph. 15. Governing Law; Severability. This Security instrument shall be goserned by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. 1'o this end the provisions of this Security Instrument and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall he given one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property or it Beneficial interest in Borrower. if all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in &xrower is sold or transferred and Borrower is not a natural person) without Lender prior written cc-isent. Lender map. at its Option, require immediate payment in full of all sums secured by this Security instrument. Howevet. this option shall nor he excrowd by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. If Lender exercises this option. Lender shall gtse ry �rr.�q �r +r< re. a of accelerate. m The norwe shall provide a penod of not less than ip days from the date the notice is d ths� -r�it .•r tt:i, --m iii that which 44+rrower must pay all sums secured by this Secunty Instrument. If Borrower ftu{s to pay then-r--w•-u.; prior to the expiration of this pernxi. Lender may invoke any remedies permitted by this Security Instrument oithoo Curtner n ^rr-;e e1r ozmaniu , m a-1 i,r..cs 18. Borrower's Right to Rnnstaft- [I' lllr,)tnawdr meet`. cecrafn eondtrions. 8.+rrnwer sltall Mace the right to have enforcement of this Security Instrument rriy time p rtor rn the trArlie-r of• fat 1 da}s t, +r such other penod as applicable law may specify for remstatrzmen, i Ise +,re s;L1t: o'the Property pur•uxir to any rower of sale contained in this !iu:arity Instrument: or (b) entry of a ludttmerr enforcing this Security Instrums -nr Those condinr+m are that Btxrower (ai pays Lends all sums which then wou1i3 be due under this Security Instrument and the Note had no acceleration occurred; 16) cures any default rf any ,Harr cosenants or agreements: (c) pays all expenses incurred in enforcing this Security instrument, including. but not limited to, reasonable attorney~ fec%. and (d) takes such action as Lender may reasonably require to assurc that the hen of this Security Instrument. Lender's rights in the Property and &)rrtiwer's obligation to pay the sums secured by this Security Instrument shall continue unchanged Upon reinstatement by Borrower. this Securty Instrument and the obligations secured herch% shall remain fully effective a% if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17