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,.• �'h :4•' .,11.1 ..i `;.il .I I i ` '�'y � �� :7�1: i• t�� .. ;r::. -C::= - - .TCif4dtirl.SF!�•r' 90•-- 107026 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. L Im"ctlos, Lender or its agent may make reasonable entries upon and inspections of the Property Lender sbaQ give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 9. Ca Wkwr don. 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 'Rader. In the event of a tout taking of the Property, the proceeds shall I applied to the sums secured by thu Security lasustment. whether or tot tbien due. with any excess paid to Borrower. In the event of a partial taking of the Property. taxless Borrower and Lender otherwise agra is wrritin& rota sums secured by this Security Instrument shall be reduced by the asaouat of the psooCe l tsuhiplied by the following fraction: (a) the total amount of the sums secured imusedsately before the takin& divided by (b) the fair aparlkot value of the tomperty immediately before the taking. Any batasce "be paid to Borrower. If the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the emWenaaor oft" W make an award or settle a claim for dam ages, fdocrrower faib to respond to Lender within 30days after the date the notice is given. Lander is autiwriud to coilleot std apply the proceeft as its option. ether to testorauon or repair of the Property Of to the sums secured by this Security Ihutrameat, whether or not then due. Unless Leader and Borrower otherwise agree in writing, any applicritwo of proceeds to principal shalt not extend or postpone the due date of the monthly payments referred to in paragraphs l and 2 or change the amo"t of such payments 10. Borrower Not Released; Forbeerasee By Leader Not a Waiver. Extension of the time fox payment or ssvdigptbn of amofmdon of the auras secured by this Security Instrument graated by Lender to any successor in ie %west of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the stuns secured by this Security Instrument by reason of any demand trade by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any tight or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 11. Successors and Assigns Bonad; Joist and Several Liability; Co-signers. 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 paragraph 17. Borrower's covenants 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 stunt 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. IL Loan Cbarges. 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 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. 13. I.egWatbs Affecting Leader'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 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 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. 35. Gojerafag Law; Sevembflity. 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 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. To this end the provisions of this Security Inst rument and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security lostrutnmt_ 17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any pan of the Property or any interest is it is Scold 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 211 sums secured by this Security Instrument. Hcw.e-er. chi* option %hall not he exercised by Lender if exercise is prohibited by federal law as of the date of this Security Onviniment If Lender exercises this option. Lender shall give Borrower notice of acceleratm. The notice shall provide a period of not less than 30 days from the date abe n ante is delivered or matted within which 1orrower must pay all sums secured by this Security Instrument if Borrower Bails to pay ah ew sums prior to the expiration of this period. Lender may invoke any remedies permitted by this becunty insrno mt wanly nor nA teace 8--u a.r rC��. y.. �«: n:•'��'' 18. Borrower's Right to Reinotate. if Bernbu e° meets certain condiron% 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 remstatesauent) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or (bs entry of a judgment enforcing this Securit%: 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 occurred; (b) cures any default of any other covenants or agreements, (c) pays all expenses incurred in enforcing this Security Instrument, including. but "limited to, reasonable artorneys' fees. and (it) takes such action as Lender may reasonably require to assure that the lien of this Security Instrument. Lender's rights in the Property and Borrower's obligation to pay the sums secured by ':his Secunty Instrument .hall 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. tom•_ °- rar,..�:fn -�: etlZ7lfMC(�7rl :sell : r., IT"M71 r `'• t 1411 ' I i