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s $:..105508 r as a condition of making the loan secured by this 5ecutity Instrument, . norm tlMt to maintain the insurance in effect until such tittle as the requirement for the - i t �Itrith 'sand Lender's written agreement or applicable law. t fray make reasonable entries upon and _ins]n dons of the ftumr_ty. bender. t —ai�Ii time time oror prar to an ttupDectfon specs vying reasonable cause for the hupeetson. 1 ! Cerra. The proceeds of any award or claim for damages, direct or consequential, in coM&tian. with any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assipodan -shall bepaid to tender. In. the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security IttWoment. whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property, %mlm Borrower and Lender otherwise agree in writing, the sums secured by this Security.Instrument shall be reduced by tWatnount of Ilse proceeds multiplied by the following fraction: (a) the total amount ?'fi the sums secured immediately bdfom the taN.4 -1- divided by (b) the fair market value of the Property immediately befo>'rrrlt'e taking: Any balance shall be 1 to Boer...:...:. If Alit My is.FJT gdoned by Borrower, or if, after notice by Lendarp Borrower that the condemnor offers to t nsgJcb.an award or settle aikWin for damages, Borrower fails to respond to 14t within 30 days agar the date the notice is gain j enter is authotriztewT rolkct and apply th�rptrsceeds, at its option, silo resto> anon or repair of the Property or tfa sitmt secured by this'Security Instrument, whether or not then due. . Unless Lender and Borrower otherwise agree. in writing, any application of proceed -Pi`, .principal shall not extend or Postpone the due date of the monthly payments refetx±gd to in paragraphs 1 and 2 or chaise amount of such payments. 10 Borrower Not ltdeau* FwWnr%*m aid• Ierder Not a Waiver. Exteng 4.' W the mile, for payment or :tWdification of amortization of the sums secured •W:this Security instrument granted, ,Lender w,iiny successor in i'hiterest of Borrower shall not operate to release the h bflity of the original Borrower or $66wees successors in ii ;4l�st. Lender shall not be required to commence proceedings against; any successor in interA-, or refuse to extend cm- t.'.fbr ! payment or otherwise modify amortization of the sums secured b) °this Security Instrument by reason of any deman0i, ri le by the original Borrowerot'%rrowees successors in interest. Any forbeararsat }:.ender in exercising any right or rei ioy shall not be a waiver of or pireclude the exercise of any right or remedy. IL SreetMm and An pea Bodo* Joint sail Several Lial ility; Co41gnets. Tbt covmatti,�s ltd agreements of r this Security Instrument shall bind and benefit the successors and assigns of Lender and BiM6'0:er, std 10 the provisions of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borriger whd j4 .> *s this Somsity Instrument but does riot execute the Note: (a) is co- signing this Security Instrument only to mortgagecjgrant and convey ? . Borrower's interest tni the Property under the. terms of this Security Instrument; (b) is not persorrrft6bligated to pay. the sums secured by this &-vurity Instrument; and (c) agrees that Lender and any 'other Borrower n fi 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. IL Liar Charges If the loan secured by this Security Instrument ..:subject to a law which sets maximum loan 1 charge% and that law is finally interpreted so that the interest or other .Is charges collected or to be collected in f connection with the loan exceed the permitted limits, then: (a) any such :k on charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected ft9m• Borrower which exceeded ::' ; permitted limits will be refunded to Borrower. Lender may choose to make this refund in the principal owed under the Note or by makinga direct p;iyTrent to Borrower. If a refund reduces principal, t"rre reduction will be treated as a pptial prepayment without any prepayment charge:: Eder the Note. 13. Legisladoe Affeeflag Leader's I1I&& If enactment or expiration of applicable laws has the effect of rehdering any provision of the Note or this Security instrument tarApforceable according to its terms. Lender. at its M7tion, J. may require immediate payment in' full of all sums secured tyj;tklii Security Instrument and may invoke any rt a3ies permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragrllp6h of paragraph 17. id. 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 unless 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 an other address Lender designates y g by notice to Borrower. Any notice i provided for in this Security instrument shall be ds emed to have been given to Borrower or Lender whet; given as provided its.tliis paragraph. 1S. Coverrfag Law; Severability. This Security Instrument shall be governed by federal law and the law it�'.the jurisdiction in which the Property is located. in the event that any provision or clause of Q;r, Security instrument- .)r The Note conflicts with applicable law, such conflict shall not affect other provisions of this Stuaurity Instrument or ti:4 Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 16. Bwmwer s CM. Borrower shall be given one conformed copy of the Notre and of this Security Instrument. 17. Ttankr of the Property ore Beneficial Interest in Borrower. If all nr,.;tny part of )h. property or any interest in it is wM or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural 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 prohibited by federal law as of the date of this Security Instrument. if tender exercises t his option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 day4 from the date the notice is delivered or mailed within which Borrower must pay al l sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke anv rxrfredies permitted by this Security Instrument without further notice ordemand on Borrower. lfi 1lonn+tes's Right to Reitttatatt. If Borrower meets certain conditions, Borrower shall have the right to have rftforcttttent of this Security instrument discontinued at any time prior to the earlierof: (a) S days cur such other period as applicable law may specify for reinstatement) before sale of the Property purivant to any power of sale contained to this Setcurity Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower. (a) guys Leader all sums which thee+ would be due under this Security Instrument and the Notc had no acceleration occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcutg thv. Security Instrument, including. but nat limited to, reasonable attorneys' fees: and (d) takes sttch action a% Lender mac rcil"tably rewire er, assure that the lien of this Smuraty lnstrurrtcnt, lender's rights to the Propene and Iktrrower's t6118atttm to pay the sums secured by this Security tnstrumernt shall continue unchattge=i ['peen resnsratenrent by Berruwvr, this secuhty In5srument and the rc6ligat:on5 secured hcrebv shall remain fully cfTcdt%e 34 of on accelcr.ttu +n had twcurrcd. Haxecer, this fight to rrtntitate shall telli ripply in thetaw ref aceelcf,!tit+t) under paragraphs 13 ter 17 to �J 7 .w ti 4