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9p- 107170 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. a. 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. Condemnation. The proceeds of any award or claim for damages, director 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 sutras 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 secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fractilm: (a) the total amount of the sums secured immediately before the taking, divided by (D) t he fair market value of the Property immediately before the takinc. Any balance shall be paid to Botrower If the Prcliecty is abandoned by Borrower, or if. after notice by Lender to Borrower thaw the condetnmor offers to make an award sir settle a claicm for damages, Borrower fails -to respond to Lender 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 secured by this Security Instrument, whether or nat then due. Unless Uender and Borrower otherwise agree in writing. any application of proceeds to principal shall not extend or postpone the dine date of the monthly payments referred to in parugraphs 1 and 2 or charge the amount of such payments. to. Borrower Not Released; Forbearance By Render 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 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 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. 11. Successors and Assigns Bound-, Joint and Several Lisbillty; 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 whoco -signs this Security Instrument but doles not execute the Note: (a) is co- signing this Secunty Instrument only to mortgage. grant and convey that Borrower's interest tit 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. Loan 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 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 he treated as a partial prepayrnem without any prepayment charge under t he 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 as cording to its terms. Lender, at its option, may require immediate payment in full of all sums % ecured by this Security Instrument and may invoke any remedies permitted L+) paragraph 19. If lender exercises this option. Lender shall take the steps specified in the second paragraph of paragraph 1'. 14. Nozices. Any notice to Borrower provided for in this Security Instrument shall Ix 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 dooeiiates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any ether address Lender designates by notice to Borrower. Any notice provided foT in this Security instrument shall he deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. Governing law, Severa illity. This Security Instruntettt 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 shalt not affect other pro%imon sof this Security Instrument or the Note which can he given effect without the conflicting pros ision. To this end the pros isturn (if this Security Instrument and the Note are declared to he severable. 16. Borrower's Copy. Borrower shall be gm en one conformed copy of the Note and of rhis Security Instrument 17. Transfer of the Property or a Lleneftcial interest in Borrower. If all or any part of the Property or any anurest in it is sold or transferred (or if a Fece:4stai r^•:erts. is Borrower I% sold or transferred and Borrower ri, not a natural person) without Lender's prior wintten consent. Lerc,2- na). at its option. require immediate payment in full cf all sums secured by this Security Instrument How•e,�er, this option shall r,• -r be exercised by Lender if exercise is prohibited by federal law as of the date of this Securuy Instrument. If Lender exercises t his option. Lender shall give Burrower m.::e of acceleration. The notice shall provide a period; of not less than 30days from the date the notice is delisered or mailed within vihich Borrower must pay all sums secured by Lb.. Secunty Instrument. If Borrower fails to pac these sums prior to the exptrrtion of this Period. Lender may invoke any 19. Rorrower's Right to Rdnstate. If Burrower meets certain conditions. Burrower shall have the right tic) have enforcement of this Secunty Instruntcut discontinued at any time Pour to the earlier (if: (a) 5 days tar such other period as applicable law• may specify for reinstatement) before sale of the Property pur%uant to any povier of saic contained to flits Security Instrument: or (h) entry of a judgment enforcing this Security Imtrument. Those conditions are that 114immer: (a) pays Lender all sums which then would he ,due under this Securit) Instrument and the Note had no acceleration oxeurred; IN cures any default of any other covenants car 3tireem41111s. (ct pays all expenses incurred tit enh•tcing flits Security Instrument, including. but not limited it), reasonable attorneys fees: and (d) takes such action as Lender ma)' reasonably require to assure that the hen of this Security Instrument. Lender's rights to the Property and Bommer's obligation to pay the sums secured by this Security Instrument shall continue unchanged Upon ron,ilatement by Borrower. this Security Instrument and the ohhgations secured herehy shall remain fulls of Letsw as if no aecelc ration had occurred. However, this nght to reinstate shall not appl) tit the case ofacceleration under paragraphs 13 rat 17 rf�;,swdi,ty� .iLfLJfr �avV��MS` ''i�- CAI l• .