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�1 s � � � � I 1 8�— ios�so � IP E.rnder rcquired mori��ge insurar►ce as a conditian af making the losn securtd by ehis Security lastrumrnt. Borrower shall pay the premiums tequired to maintain the insurance in effxt until such tima as the requirement for thc in�ursnce terminata in accordance with Borro�ru's and lxndec's written aareemtnt ar applicable law. �. Isspcdo�. Lender or its agmt may make reasonable entries upon and inspoctions of'the Property. Lender shall�ive 8orrower notice at the time of or prior to an inspection specifyina rasonable cause for the inspectian. 9. Co�de�ation. The praceeds of any awud or clxim for damsges,direct or conaequential,in connxtioa with �ny condemnation or ather takin6 of any part of the Property� or for conveyance in lieu of condemnation, ue hereby assi=ned�nd s1u11 bc paid to Lender. In tbe event of a total uking of the Property,the proceeds shall be applied to the sums securod by thts Security Instru�ent��vhether or not then due,�th any exceu paid to Borrower. ln the�vent af'u putial taking of the PropeRy. unlas Horrowrer and Lender otherNik aaree in writing,the swns secured by�his Security Instrument shal)be reduced by the amount of the praceods multiptied by the foUo�ing fraction: (a)the total amount of the sums secured immediatdy before the takina,divided by(b)the fiir muket value of the Property immediately before the taking.Any balancr shpll be paid to Borro�ver. If the Property is�bandoned by 8orrower,or if,attra�notia by Lender ta Borrower that the condemnor offers to make aa a�+ard or settle a claim for dsmages,Borrower fsils to respond to Lender within 30 d�ys after t�e date the notice is �iven�Lender is authorized to collect�nd apply the F�s.at its option,either to restoration or repair of the Property or to the sums secwed by this Sccurity Instrnment,whether or not then due. ' Ualess I.ender and Borrower otherwyse agtee in writing,any applicacion of�raaeds to principil shall not eurnd or postpons the due date of the monthly pa��dits referred to in paragraphs 1 and 2 or change the amount of snch payments. 10. Sorrower Not Rele�d;Farbearan�e By I.ender Not a Wd�er. Extension of the time for puyment or modiflcation of smortization of the sums secured by this Security Instr�ment ganted by Lender to any succcssor in interat of Bonower shaU not opente to release the liability of the original Bonower or Honower's successors in interest. Leader shall not be roquired to commeace procoodings Against any successor in interest or refuse to ea�tend time for payment or otheraise modify amortiution of the sums secured by this Security Instrumtnt by reason of any demand made by the oripttsl Bonowu or Borrower's succassors in interest.Any forbearance by Lender in exercising any right or remedy ahall not be a waiver nf or preclude the ra�ercise of any riaht or remed�. ll. Saoceswra a�d Aad�f Bo��d;Joiat a�i Se�eral Liability;Co�iperi. The covenant�aind agreements of thia Secutity Instrumeat shall bind and 6eaeflt the successors and assigns of Lender and Borrower,subject to tht provisions � of para�raph l7.Horrower's covenanu and agreaaents shall be joint and several.Any Borrower aho co-signs this Sxurity � Instruraent bu1 das not eaeaute the Note:(s)is co-signing this Secwity Instrument only to mortgage.grant and convey � . th�t Borro�rer's inter�ct in the Pronerty under the urms of this Security Instrument;(h)is not ne�sonally obliasted to nay _ the sums s�cured by this Securiry Instrument;and(c)agras th�►t Lender and any other Borrower may agr�e to extand, � =-°s. modify.forbeu or make any accommodations with regard to the urms of this Security lnstrumcnt or the Note without ` ' , thst Borrowrer's coasent. .. � , 12. Lou Ctiu�es. If the loan secured by this Security Instrunient is subjeet to a law which sets maximum loan • charges, ar�d thst law is finally interpreted s�o that the interest or other loan charges collected or to be collectod in = ' connoction with the loAn exceed the permitted limits, then:(a)at�y such loan charge shall be reduced by the amount --- necessary to redua the chuge to the peimitted limit;and(b)any sums already collected From Horrower which exceeded -- petmitted liinits wiU be refunded to Borrowrer. Lendor may choose to make this nfund by ralucing the principal owed � under the Note or by making a direct payment to Borrower.If a refund reduces psincipal,the reduction will be treatod as a � putial prep�yment without any prepaymmt charge under the Nots. 13. L�ialatlo� ARectin� I.eeder's Ri�4ts. If enactment or expiration of applicable laws has the effxt of rendering any provision of the Note or this Security Instrument unenforceable according to its terms.Lender,at its option. msy�require immediate payment in full of al! sums secured by this Security �nstrument and may invoke any remedies . , pern►itted by pangraph 19.If Lender exercises this option.Lender shall take the steps specified in the second paragraph of , P�S�Ph 17. ; 14. NoHed. My reariee to Borrower providod for in this Security lnstrument shall be given by delivering it or by ,� � mailing it by Arst class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other addras Borrower designaus by notice to I.ender. Any notice to Lender shs�ll be given by .,�', first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice � pmvided'for in this Security Instrument shall be deemed to have been givm to Rorrower or Lender when given as provided , in ihis P�E�Pb• --- iS. Gp�erni��Lw;5e�erability. 'This Security Instrument shall be govemed by fe�eral law and the law of the jurisdiction in which the Property is located.In the event that iny p:ovision or clause of this Security lnstrument or the Nota con!licts with applicable law.such conflict shnll not affxt other provisions of this Security lnstrument or the Note abich can be given effect aithout the conflicting provision.'To this end the provisions of this Security Instrument and the • Note are declued to be sevenble. 16. Borrower's Cory. Borrower shall be given one conformod copy of'the Note and of this Security Instrument. 17. Tr�ssfer of the Property or a Beneflcial Iate�est Ie Borrower. If all or any part of the Propeny or any interat in it is sc�ld or transferred(or if a beneficial interrst in Bonower is sold or transferred and Bonower is not a natural person)without Lender's prior writcen consent,Lender may,at its nption,require immediate payment in full of ali sums secured by this Security lnstrument.However, this option shall not be eaercised by Lender if eaercise is prohibited by fedenl law as of the date of this Security Instrument. If Lender exercises this option,Lender shall give Borrower notice of acceleration.The notice shall providr a period '- - -� - of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay aU sums secured by � this Security Instrument.If Bonower fails to pay these sums prior to the expiration of this period,L.ender may invofce any remedies permitted by this Socurity Instrument without further notice or demand on Horrower. la.Borrower's Ri�bt to lteinttate. If Bonower mats certain conditions,B�nower shall have the right to have ' enfoicement of this 5ecurity instrument discontinued�it any time prior ta the earlitr of:(a)5 days(or such other period as � appliable law may specify for reinstatement)before sale of the Propeny pursuant to any power oP sale conta�rnd in this � Security fnstrument;or(b)entry of a judgment enforcing this Security Instrument.Those conditions are�hat Borror�er: � (t) pays Lender all sums which then wouid be due under this Security Instrument and the Note had no acceleratian occurred; (b) cures any default of any othtt covensnts or agrtemtnts; (c)pays all expenses incurted in enforcing th�s � Secority Instsument, �ncludmg, but not l�mitc� to. r�sonable attorneys' fas; an�f(d) t3kes such acuon as L=nder mxy • rasonsbly requ�re t� assure that the lien of this 5ecurity Instrument, l,endet's nghts m the Propeny end dorrower's � obligat�on �o pay the sums sccured by ihis Security Instrument shall cont�nue unchanged C1�+on reinstutement by :" '£� f�orrowet,th�s Secunty Instrumtnt and the obligat�ons secured hereby shall rema�n fully effect�ve a�if n�uccelerat�on h�d " occurre� Hnwever,this nght to ranstete sha)I not bpply�n the casr of accelera��on under paragra�h� 1?��r 17 �