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1� },w.rraesaf«I+•ol_ rx.iiij � Qy.++.�i1i111N1'►Ik� � f Ali,. , IM i�a -�. r• Y �� •�'- ^FR�w{Ilf2i� 107165 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. ii. Inspection. 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. condensation. The proceeds of any award or claim for damages. direct or consequential. in connection with any condemnation or other taking of any pan 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 he 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 sums % ecured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be 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 avrard or settle a claim for damages. Borrower fads to respond to Lender within 30days after the date the notice is given, Lender is authorized tocollect and apply the proceeds. at its option. either to restoration or repair of the Property or to the sums secured by this Security Instrument, w Nether or not then due. Unless Lender and Utivrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs iI and 2 or change the amount of such payments. 10. Borrower Not Released; FerbeaArance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate tro release the liability of the original Borrower or Borrower's %riiccessors 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 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 shall not be a waiver of or preclude the exercise of any right or remedy. li. Successors and Assigns nomad; Joint 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: la) is co- signing this Security In%irwurla %•lily to mortgage. grant and convey that Borrower's interest in the Property under the terms of this security Instrument; (h) is not personally obligated to pay the sums secured by this Security Instrunierna. and (c) aprees that Lender and any other Burrower :i,�ay agree to extend, modify, forbear or make any accommodatt%1s with rep.d to the terms of this Security Instrument or the Note without that Borrower's consent. 12. Loan Charges. if the Ivan secured by this.Se, ..nt% Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or ether loan charges collected or to be collected in connection with the loan exceed the peron ^led limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permined limit; and (b) any suns 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. Ira refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 13. Legislation 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 .rums secured by this Security Instrument and may invoke any remedies permitted by paragraph 19. If Lender exercises ihis 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 he given by delivering if or by mailing it by first class mail unless applicable law requires use of , nether method. The notice shall'ne directed to the Property Address or any other address Borrower designates by notice M Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein orany other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed r.• have been given to Borrower or Lender when given as provided in this paragraph. 15. Governing Law; Severability. This Securnp instrument shall he governed by federal law and the law of the jurisdiction in which the Property is lasted. 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 Nate which can he given effect without the conflicting proviston. To this end the pnwisnn% of this Security Instrument and the Note are declared to he %c% crab le. 16. Borrower's Copy. Borrower shall be pwri one conformed copy of the Mute and of this Security Instrument. 17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part 1•f the Property or any interest in it ts:a':t or transferred (or if a heiw`-caul interest in Bourc w er is wad or t ransferrcd and Po-rower i% not a natural person) withr�a ^..:n3er's pnor written cvn,en Lender may, at r %. r' : Teauire immediate patment in full of all sums wcured by this Scram% Ir s;ri, ment. Howe %er, this ;"r^ . n %hall tior he exer::.:a "A Linder ni exeTen%e is prohibited by federal law a%of mw date efusis Secunt% Instrument If Lender exercises this option. Lender shall gne borrower entice of acceierarzon. The nested shall pro L1 3. prricxi of not le% %than 30 days from the date the nfltice i % delivered or madcd %%ithm which Borrower mssr. , ;,y aR sums secured by this Security Instrument. If Mirrowo tai(% to pay thew sums pn-ir t., the expiration of this peso t.:.cacCer may invoke any .�. t.... ...., ...., i..u.. P...th..r rate. •.' ,r,h•manil nn Borrower. fCmCU1C� JlGi nntilli ij uu�.n�un.. ...•.. .................. .. .... ........ 18. Borrower's Right to Reinstate. It' Horrower atcel% certain conditions. Borrower %hull tease the right to have enforcement of this Security Instrument diwontinued at am time pnor to the earlier of: (a) 5 day%lor such other penod as applicable law may %posit} for reimurement) before wle of the Property pursaant io any power of %ale contained to this Security In %trument, or (h) entn flf r Judgment enforcing this `%cs unrs Instrument. Chose conditions are that Borrower: (a) pays Lender all %um% which then wauid he due under the. 5e.:unry Inswitnent and the Note had no acceleration mcurred; (b) cures any .iePault of any other cowriant% ar agreements. (I;t pa%s all expenses incurred in enforcing this Security Instrument. including. hat not limned to. reasonable attomcys' fee%. and td) takes such action a% Lender may reasonably require to assure that the hen of this Security Instrument, Lender'% nght% in the Property and &)rrower'% obligation to pay the wm% secured b% this Steunty Instrument %hall continue unchanged Upon reinstatement by Borrower. thn Security Instrument and ilic obligations secured hereto shall remain fully e0ect1%e a% if no acceleration had occurred. However. this right to reinstate shall not apply in iheca%e4acceleration under paragraphs 13 or 17. r