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� � a9— ias3�.2 � If Lender requirec� mortga�e insurancc as a condition of muki�g thc laan secured by this Security lnstrument, Botrower sfiAfl Pay i�e praniutas rcynired to maintain the insurance in et�ect unti)such timc as the requirement Por thc insurRncetermin�tes in�ecuttla�ee with BQnawer's and Lender's written agreement or�pplicable law. 8. l�tttlon, LeriQtr ar its agent may mskr resson�ble entcies upon and insExctians of!he PropettX. Lender shsll give Borrower notice at tht time o�'ar priar to an inspection sptcifj�ing reasonable cause for the inspecteon. 4. Coademnatloa. The proceeds�1 any award or claim for damages,direct ar consequcntial.in connection with any condemnation or other taking ot'anp pan �f the Propeny. or for canveyance in lieu af condemnation, are hereby : assigned and shall be paid to Lender. In the eve�t of a tata! taking of the P�operty, the procetds shall be applied to the sums secured by thls Security ; Inst�ument. whethet or not then dne,with any eacess paid ta Borrower. In the event of a partial taking of the Property. unless Borrower and Lender otherwise agrce in writing.the sums secured by this Security lnatrument shall be reduced by ; the amount of the proceeds multiplied by the following fraction:(a)the total amount of the sums secured immediately befare the taking,divided by(b)the fair market value of the Pro}�crty immediately before the taking.Any batance shall be � paid to Horrower. � If the Froperty is abandoned by Botrower,or if.atter notice by L,ender to Borrower that the condemnor offers to ` make an award or settle a elaim for damages,aorrower fails to respand ta Lender within 30 days after the date the notice is � given,Lender is suthorized to collect and apply the proceeds,at its optio�,either to restoration or repair of the Property or � to the sums secured by this Security Instrument,whether or not then due. ; Unless Lender and Horrower otherwise agree in writing,any application af proceeds to principal shall not extend or i postpone the due datc of the monthly payments refened to in paragraphs 1 and 2 or change the amount of'such payments. ; j 10. Borrower Not Released; Forbearmce By Lender Not a Walve�. Extension of the time for payment or � modiflcation of amortization of the sums secured by this Security Instrument granted by Lender to any successor in � interest of Borrower shall not operate to relense the liability of the ariginal Borrower or Bvrrower's successors in interest. � Lender shall not be required to commence proceedings against any successor in inter�st or refuse to extend time for � payment or otherwise modit'y amortization of the sums securcd by this Security Instrument by reason of any demand made i by the original Borrower or Borrower's successors in interest.Any forbearance by l.ender in eaercising an�r a�ight or remedy i shall not be a waiver of or precludr the exercise of any right or remedy. � 11. Succeswn and Aasi�s Hound;Jolnt and Sevenl Liabillty;Co-signers. The��•enants and agreements of � ' this Security Instnunent shall bind and benefit the successors and assigns of Lender and Bonower,subject to the pro�isions : � i of paragraph 17.Bonower's covenants and agraments shall be joint and several.Any Borrower who casigns this Security '' � Instrument but does not eaecute the Note:(a)is casigning this Stcurity Ir►strument 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 sums secural by this Security Instrument;and(cl agrecs that Lender and any other Borrower may aaree to extend, �--a � modify�forbear or make any arcommodations with regard to the terms of this Security Instrument or the l�ote without =�- � that Borrawer's consent. t-= � 12. Loaa C7ttrges. If'the loan securod by this Security Instrument is subject to a law which sets maximum loan �. � charges. and that law is finally interpreted so that the interesi or ather loan charges collected or to be collected in • - ; connection with the loan exceed the permitted limits. then: (a) any such loan charge sha!! be reduced by the amount necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Barrower which exceeded permittod limits will be refunded to Bonower. Lender may choase 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. Legjst�tloe Affecting Lender's Rig6ts. If enactment or expiration of app➢icable laws has the effect of rendering any provision of the Note or this Security Instrument urtenforceable according to its terms,Lender.at its option. ' may requirt immediate pay-ment in full of ai1 sums secured by this Security Insirument and may invoke any remedies ' permitted by paragraph 19.lf Lxnder exercises this option,Lender shall take the sieps specified in the second paragraph of '� • ; . paragraph 17. � 14. NMices. Any notice to Rorrower provided for in this 5ecurity Instrument shalt(be given by delivering it or by ,�+iiin: � 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 d�ignates by notice ta Lender. Any notice to Lender shall be given by � �'�' � first class maii to Lendtr'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 Bonower or I.ender when given as provided . in this paragraph. - 15. Gorereiag Iaw;SeYenbtlity. This Security Instrument shall be govemecf by federal law and the law of the jurisdiction in which the Property is located. In the e�ent that any provision or clause of this Security Instrument or the : Note conflicts with applicable law,such conflict shaDf not affect other provisions of this Security Instrument or the Note • w�i�h can be given effec:t without the conflicting provision. To this cnd the provisions of this Security Instrument and the : Note are declarod to be severable. 16. Borrower'a Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. , 17. Transfer of the Property or a Beneflctal Ir�terest te Borrower. If all or any pan of the Property or any , interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transfened and Bonower is not a nataral � person)without Lender's prior written consent,I.ender may.at its option,require immediate payment in full of all sums secured by this Security Instr�ment. However,this option shall not be eaercised by Lender if exercise is prohibited by federal law as of the date af this Security Instrument. If Lender exercixs this eption.Lender shall give Borrower notice of aeceleration.The notice shaU provide a period ' T oE not less than 30 days from the date the notice is deliverect or mailed wit hin which Borrawer must pay all�ums secured by � this Security Instrument.IP Borrower fails to pay these sums prior to the expiration of this period,Lender ma�y invoke any � ; remedies permitted by tisis Secutity Instrument without funher netice or demand on Borrower. � 18. 8orrower's Right to Reiestate. (f Borrow•er mtets cenain conditions,$orrow�r�hall have the nght to have ' • enforcement of this Secunty Instrument discontinued at any time p�ior to the earber of:(a)5 days(or�uch other Exnod as applicable law may spcciPy far rein5tatement)before saie of the Property pursunnt to any pnwer of�ale c�ntained in t1ii5 L Seeurity instrument;or (b)entry of a judgment entorcing th�s Security Instrument.Thc��e cond�t��nc are that Horrower. (a) pays Lender aU surns which then would be due under this Secunty Instrument :�nd �he Note had no accelerat�on occurred: /b)cures any default of any c►ther covenants or sgreernentc; (c) Pays al) expentieti incurred in enforcin�; this r. Serurity lr�strument.�u�luding, hut n��1 limtted to, reac�nable attorney�'fees, and(d) takcw�urh acti�n t�ti Len�er may � rea.n�:thly rcyt�tre tn:E�cu�e Ih��! the hrn of this S!•�.ur�ty lnstrument, t_ender'� nght4 ut !tir E'ct:wety and I�cerraiver's - ohhgat►nn te� p�y the �otn� 5ecured by th�ti Sc^carity Intitrument �ha11 cc�ntinue unchun�;ed I'pun �e�n.t:�temert hy �'� Ne�rrower,th��Secunty ImtrumrrN and the��bliganonc secured herehy�hall remain fully rHccu.r e�if n��a�reler.�u��ii had rY � rKCUtrnf El�,wc►cr.th��ngFit��rem��ate�hall nni apply in thc ca�e�f ac:cicr.i�n�n under�:�r.�hr.�{+�i. l t��r 17 �