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:fa pp •r ., w,,,.,... •... in, . If Lender required mortgage immruee 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 Ome as the requirement for the insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law. S. Inelteclioa. Lender 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 for the inspection. 9. Coulemadeas, 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 seen 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 Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fTactivrr. (a) the total amount of the sums secured immediately bd'ose the taking, divided by (b) the fair market value of the Property' immediately before the taking. Any balance shall be "W to Borrower• If the Property is abandoned by Borrower, tw if, x8ter notice by Lender to Borrower that the eonde mnoir otl'en to make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given, Leader is authorized to collect and apply the proceeds, at its option. either to restoration or repair of the Froperty or to the sums stewed by this Security Instrument, whether or not then dw. Unless Larder and Borrower otherwise agree in writing, am application of proceeds to principal shall not extend or postpone the din date of the monthly payments referred to in paraeWhs I and 2 cg change the amount of such payments. 10. Borrower Nqt Milasaad; Forbearance By Leader Not a Waiver. lEmension of the time for payment or modification of anorwo0or of the sums secured by gha:is Security Instrument granted by Lender to any successor in interest of Borrower shalt not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall soy be required to commence proceedings against any successor in interest or refuse to extend time for payment or o*wwise 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 WWI not be a waiver of or preclude the exercise of any right or remedy. it. Successors sad Aadgas Bound; Joist and Several Liability+ Co- sipers• The covenants and agreements of this Security Instrument shall bind and benefit the successor and assigns of Lender and Borrower, subject to flat provisions of parabraph 17. Borrower's covenants sad 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 ghat Borrower's interest in Cite Property under the terms of this Secu: ity Instrunwma.; (b) is not personally Wigwed 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 aay accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's conseng. IL Lo Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loam aa charge% 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 refunded 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. I& Losislatbn AlFecting 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 fint 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 Leander 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 Borrower or Lender when given as provided in this paragraph. 15. Geyernkrg tan, Severability. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or cause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions I this Security Instrument or the 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. Blorrowees Copy. Borrower shall be given one t rn "nrnxa copy of the Note and of this Security Instrument. 17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any pan of the Property or any •imere st in it is sold or transferred (or if a beneficial interest in Borrower is sold yr 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 thisSecunt) Instrument. If Lender exercises this option. Lender shall give Borrower r %mce of accehnation. The no'me shall provide a period of not less than 30 days from the date the notice is delacared or marled within w huh Wrrower inust pay all sums secured by this Security Instrument. If Borrower fails to pay Ot- se sums prior to the expiram-n of this period, Lender may invoke any remedies permitted by this Security Instrument w-itfr w further notice or demand on Borrower. sa a..emwaoa might to Reinstate. If Borrower meets eernarn conditions, Borrower shall have the right to have enforcemaeait of this Security Instrument discontinued at an) iurne pint' to the earlier of. (a) 5 days (or such other period as applicable Caw may specify for reinstatement) before We of the Property pursuant to any power of sale contained in this Secunty Instrument; or (b) entry of a ludgmenr enforcing this Security Instrument Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration oceunee& (b) cures any default of any other covenants or agreements: (c) pays all expense incurred in enforcing this Seecurrry Instrument, including, but not limited to, reasonable attorneys' fees, and (d) cake i such action as Leander may reasosaNy require to assure that the lien of this Security Instrument, Lender's rights in the Property and Borrower's obiaffation 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 IT Mai,