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I � i� � r 89�' 10636� If'l.ender requircd mortgagc insurancc as a canditian oF inaking the losn secured by this Security lnstrumtnt. Borrower shall pay the prcmiums rcyuired ta maintain the insuruncc in e}Fect until such time as the requirement for the insurance terminates in accordancc with Borrowet's attd Leader's written agreement or applicable law. 8. Inspectioa. l.endor or its agent may make reasonable entries upon and inspections af the Property. Lender shAll give Bo�rower notice at the time oi'or prior to an inspectian specifj�ing reasonable cause for the inspection. 9. Condemaation. The praceeds of any award or claim for damages.direct ar consequential.in connection with any condemnation or other taking of any pprt of'the Property, or for conveyance in lieu ot'condemnation,are hereby � assigned and shall be paid to Lender. � In thc event af a total taking of the Property,the praceeds shall be appliec!ta the sums secured by this Security � Instrument.whether ar not then due,with any excess paid to Borrower. 1n the event of a partial taking of the Property, unless Borrower an�Lender otherwise agree in ruriting,the sums sevured by this Security Instrument sha11 be reduced by the amount af the proceeds multiplied by the feFlowing fraction: (a)the total amount of the sums secured immediately before the taking.divided by(b)the fair marl•ct value of the Property immediately before the taking.Any balance shall be paid ta Barrower. If the Propeny is abandoned by Barrower.or if.after notice by Lender to Borrower that the condemnor oflers to make an award or settle a claim for damages,Bonowcr fails to respond to l.ender within 30 days aRer thc date the notice is : given.Lender is authorized to callect 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 not then due. Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or i postpone the due date of thr monthly payments referrcd to in paragraphs 1 and 2 or change the amount of such payments. ; 10. Borrower Not Released; Forbearance By Lender Not a Wdver. Extension of the time for payment or � modification of amonization of the sums secured by this Security Instrument granted by I.ender to any succcssor in , interest of Honower shall not operate to release the liability of the original Bonower or Bonower's succe�.sors in interest. i L.Gnder shal) not be required to commence procerJings against any successor in interest or refuse to extend time for pa}ment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made ,_ by the original Borrower or Borrowar's successors in interest.Any forbearance b�Lender in exercising any right or remedy .'"r shall not be a waiver of'or preclude the exercise of any right or remedy. ll. Successors and Assips Bound;Joint and Sereral Liability;Casigners. The covenants and agrcements of , this Security Instrument shail bind and benefit the successors and assigns of Lender and Borrower,subject to the provisions t �� i nf nara¢ranh 17.Borrower's covenanu and agreements shall he ioint and several.Anv Borrower who casigns this Security �:=_' � Instrument but does nat exeeute the Note:(a)is co-signing this Security Instrument only to mortgage,grant and coavey - - ; that Borrower's interest in the Property under the terms of this Security Instrunnent;(b)is not personally olsligated to pay � � the sums secured by this Security Instrument;and(c)agrees that Lender and any other Horrower may agree to eatend, ' � modify,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without _. � that Bonower's consent. � . i 12. Lonn Charges, lf the loan secured by this Security Instrument is subjeci to a law which sets maximum loan � charges, and that law is finaAy interpreted so 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 be reduced by the amount � necessary to reduce the charge to the permitted limit;and(b)an?sums already collected from Borrower which exeeeded � � permitted limits will be refunded to Bonowor. Lender may choose to make this refund b} reducing the principaT owed � � under the Note or by making a direct payment to Bbrrower.If a refund reduces principal,the reduction will be treated as a I partial prepayment without any prepayment charge under the Note. . 13. I.egislatlon AReeting 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 sums secured by this Securit� lnstrument and may invoke any remedies ---- � permitted by paragraph 19.If Lender exercises this option,I.ender 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 be 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 designates by notice to l.ender. Any notice to Lender shall be give.n by first class mail to Lender's address stated herein or any other address Lender designates by notice to Bormwer.Any notice - - provided for in this Security Instrument shall be deemed to have bcen given to Borrower or Lender when given as provided in this patagraph. + 15. Governing I.srw,Severabillty. This Sccurity lnstrament shafl be governed by federal law and the law of the jurisdiction in which the Property is incated. In the event that any provision or clause of this Security Instrument or the . Note conflicts with applicable law,such confliet shall not affect other provisions of this Seeurity Instrument or the Note which can be given eff'ect without tho conflicting provision.To this end the provisiuns of this Securit}lns�rument and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and ot'this Security Instra.iment. • 17. Tr�nsfer o!the Property or a Aeneficial Interest in �orrower. If a11 or any part of the Property or any interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person)without Lender's prior written consent, Lender may,at its option, require immediate payment in full of ail sums � secured by this Security Itsstrument. However. this option shaEl not be exe�cised by Lender if exercise is prohibited by T--- -� federal law as of'the date of this Security lnstrument. f If Lender exercises this optian.[�ender shall give Borrowet notice of acceleration.The notice shall provide a period i of not less than 30 days from the date the notice is delivered or mailed within which 8orrower must pay all sums secured by i ' this 5ecurity Instrument.If Borrower fails to pay these sums pr.ar to the expiration of this period, L.ender may in��oke uny . . rzmedies permitted by this Security Instrument withoui futther nolice or demand on 8orrower. 18. Borrowet's Right ta Reiest�te. If Borrower meets certain conditions, T3orrowcr shall ha�•c thc right to h�ve t enforcement of this Sccurity InstrumenY discontinued at any time prior to�he earlier of:(a)5 days(or such other Penod as L applicable law may specify for reinstatement)before sa}e of the Yroperty pursuHnt to any power of sale contnincd in thi. 5ecuriry Insttumen�;or(b)en4ry of a judgment enfarcing this Security In�trument. 7hose condit�onti are that Hi�rrc�a•cr. h {3)p�ys C�ender afl ��m�which then would hc �1ae t�ndcr thic Secunty In�trnmcnt as�d �he Nnt� h:�d nc+ �rreleraunn occurred; {b) cures any default of any otlter covenants or agreements, (c) pay� all cxpeme. mcurrcd in enfurrin� thu Seturity In5lrumrnt, mrludir�g, bui nul limitctl to, reasr�nable attorney�' feeti: and ld) takcr tiurh .utiun ati I cndc•r may r'� rraeonably reyuire tc� astiure �hal the lien <�f this Secunty lntitrument. l.rnder'ti ri�;htti ui th�- 1'i��Ccrt} and Fi��r�u��cr'�, �' ° . �bhgauun ti, p��y ihc wmr ticcurcJ hy Ihi.r Security Instrurncnt �hall runtrnur in�c!i:,n�;ed 1'{��m n•imtatcmcnt h� Finrrr,wet, th�ti Se�ur�ty Imtrument a�id the c�bligat�nns tiecured herehy tihal)retna�n fully etTccu�c.��f nv ac�rlec,m��n h.��l ni�urrrci :I��wrrrr.ih��ng��t ic�rr�miairsi�:�{I hui�ipj,iy it�ii�ea.a�r�,�di�clCin:i�rlt�.utlic'T'F,ai.i�ta��: !�i�t i' �