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, � M� � 89'" 106i.68 � 1`l.ender required rttorig9g� �n5urancr uti a rand�tian of muking the laan «�urcd h� this Scra�ity Inst�umcnt. Bo�mwer shaU paz•the p��emium�required to niaintAin the insuranre in etfect unul such time as the requirement for the insurancc terni�aates in accardance with Borro��er'c and l.eiider'.wrutc�ti agrcement ar applicuhle law. 8, lnsoection. Lender or its agent may m�ke reusonuble entnes u�n and inspections of the Property. Lender shall gi�c Borrawer notice at the time af or prior to an inspection s�,ecify�mg�eASOnable cuuse far the inspectian. 9. Condemn�►tion. The prc�ceedx ot an��award or claim fc�r dumages,direct�r eansequential,in con�eeti�r��vith any condemnation or nther taking of any part uf the Praperty, ��r fo� com�ey�ance in lieu u1'condemnatian, are hereby assigned and shall he paid ta Lende�. 1n the e��ent o)a total taking uf Ihe 1'ropert��. the prc�ceeds shall be applied t� the sums sc�ured by this Security l�st�umcnt,w•hether ar nat then.duc,H-ith any exccss p;ud ta 8orr�wer. ln the everTt nFa partial tal:ing af the P�aperty, ' untess Barrawer and Lender otheewise agree in w�riting,the sums secured by this Securiry Insrcumei�t shall be redueed by the amount of the pcoceeds mu[tiplied hy the fc�[towing fractian: (a)the total amount uf the s�cnis secured immediately � before the taking,�a��ccied hy(b)the fair market vAlue of the Praperty immediately bePare the takin�g. Any balance shall be paid tR&�rrower. Il6�he Propert��s al�n��caed by Horro«•er, o�if,afte�noticr by Lender to Borra��er that the condem�u�r affers to make an award or settCe a cla�m fc�r damages.Borrow•er fail�to res�nd ta Lender within�0 da}s after thc date the natice is given,Lender is autl4o�zed to callect and app9}the procerds.at its opt��n,either to restaration��r repair of the Propert��cir to the sums sccured Mk this Security instrume�nF,w•hethcr or nat then due. � Unlass Lender and Borraw�er otherwise agree�n wrn�ng.any application af Praceeds to principal shall not exlend Qr � poatpone the due date uf the monthly payments referred tc*��paragraphs 1 and 2 or change the amaunt of ouch payments. 10. BORONl� Not Released; Fo�bes�rance By I.ender Not a tit'siver. &xtensipn of thr time for payment or modi8cation of Amortizatian of the �ums secured by this Security lnstrument granted by L�ndcr ta any successor in interest of Borrou•er shall not operate to release the liabilit�•of the original Borroa�er or Borrower'�successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payme�ae�r otherwise modify amortization of the sums secured by this Security Instrument by reason oPany decnand made by the�ri�tinal Borruwer or Borro�•er's succes.cors in interest.Any forbcarance by Lender in exercising any reg6r.t or remedy .rhall not bc a waiyar aDn ur pre.;lude the rxercise�nEany nght or remedy. � l l. Successa�irs and Asslp�ns Bound;Jonnt artd Several Liability;Co-signers. The ca�e�e�cs and agreements a6 '� � � this Security lnstrume�tt shap bind and benefit c�e succecson und assigns aPLrnder and Horrower:sc:bject to th.e provisiorns . � af para�;r�Fh Y 7.BorroW�er's c�vec�ac�ts and agreements shall be joint and several.Any Borrower who co-sigc�s cl'.is Security � • Instrumettt but dc�es m��execute Yl�e Nate:(a)is co•signing thic Security lnstrument only to mortgage,grant and convey that 8orrower's inteEest in the Property under the tertns o1'this Security Instrument:(h�ic nnt��c�n:•lZY�t+Zi�iP��p�� ==�^^ the sums secured by thls Security lnstrument; and (c)agrees that Lender and any other Borrower may agree to eatend, �� modiPy, forbear or make any accommodatians with regard t��the terms of this Security lnstrument or the Note without +. that Horrower's cansent. 12. Lostn Charges. If the loan secured by thls Security lnstrument i�subject to a law which sets maximum loan • — charges, and that law is finaUy interpreted sc� that the interest or other loan charges callected or to be collected in connection with the loan exceed the permitted limits, then: (a) any such loan charge shall t�e r�duced by the amount � necessary to reduce the charge to the permitted limit;and(b)any sums already callected Prom Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the prac��cipal owed ; ' under the N�te or by making a direct payment to Borrower. �'fa refund reduces prir�ci�al,the reduction will be treated as a • partial prepayment without any prepayment charge under tFe N�te. � 13. Legisl�tion Alte�ting Lender's Rjghts. If enactment or expiratio�e Qf applicaE�Ee laws has the effect of tendering any provision of the Note or this Security(nstrument unenforceable accordamg to its ter�s,l.ender,at its option, � may require immediate payment in.fuli of all sums secured by thi� Security lnstc�:ment and may invoke'anL remedies , permitted by paragraph 19. If Lender exercises this optian.Lender sha!!take the ste�s specified in the secand paragraph of � . , paragrap4�17. �' . 14. Noticesr. Any notice to Bortowec pravided for in this Se�e�c�•Instrument shall be�ce�by delivering it or bti� j��'� mailing it by first class mail unless applicable law requires use of a,��clzer method. The notice shall be directed to the '- Property Address or any other address Borrower designates by notice to Zender. Ar�y notice to Lender shaDt�e�iven by first class mail to Ixnder's addre a[ated herein or any other address Lender designates by notice to Borro�s-e^.�ny notice � provided for in this Security Instrrament shall be deemed to have been gi�•en to Borrower or Lender when giveco rs provided in this paragraph. 15. Govtrtei�g Iaw;Severab!lity. TEss Security Instrumrnt Shall be governed by federat Iaav and the law of the :� , jurisdiction 6n whirh the Propem�is located. ln the event that any provision or clau4e of this�carity lnsct�ment or the N�te canfticts with applicable la��such conflict shall nut affect oiher provis�ons rf tr<<�Secutir!:�.�r��trumenF.e��the N�te : wbieh can be given effect withouc t�ie ronflicting provision. To this end the prrnisions of this Secu�cty Instrument and the � • , Nate are declared ta be severable. � � 16. Borrower's Copy, Borrowet tihall be given�ne conformed copy vf the Nc�te and of this Security lnstrumerr.. .. ' � l7. Transfer ut the Property or a Bencficial lnterest in Borrower. If all or xny part o1'the Property or ar►y mtetest in it is xold or transferred(or if a beneficial interest in Borrower is sold or transfcrred and ►3otrower is not a natural per�on)without Lender's pnor wntten consent. Lender may.at itti option,rryuirc immediate payment in full c�f all Sams secured by th�s Security lnstrument. However, th�c opt�on tihall not be exerci5ed hy I.ender �f exercise iti pr�hibittd by � federal law as of the date of this 5ecunty Instrument. �-