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,--�- - � � . �9,,.. 10646 0 � If Lendar r;quired mart�age insurance as A condi3io� of naking the!�n secnred by this Security Instrumcnt, Bot�ower slull psy the prcmiums required to maintdb th�i�nsurance in eflect unti!such tima u the requirement For the insurance terminstes in accordance with Borrower's and Lendec's wr�tten�greement or�pplic�►ble law. �. Ios�ec��n. Lender or its a�ent may make rwanable entria upon and inspections of the Property.L�nder shall�ive 8orroMer notice st tbe tinneofor prior to ar�inspection apecifying reason�ble cause for the inspection. 9. Coadeaiadon. The procada af any awsrd or claim for damsges.direct or consequential.in connxtion aith any condemnation or other takin�of any part of the Property,or for conveyance in lieu of condemn�rion�ue hereby sui�ed and shaU be paid to Lender. In the eveat of�toul takin�of the Property� the praceeds shall be applied to the suma seaured by this Securlry Instruma�t,�vh�ther or not then dve,w�ith any exceu pa3d to Borrower. In the event of a putisl t�king of tbe Property, ; unlas Borrower and L�nder othec�ise a�ree in writing,the sums secwod by this Secwity Instruraent sball lx reduced by the amount of the proceeds multiplied by the followiag fraction: (a)the tota!amount of the sums secwed immediately befor�the taicia��divided by(b)the fair muket value of the Property immediately before the taking.Any balance s�all be paid to Borro�ver. If tbe Propetty is abandoned by Borrower,or if.after nodce by Lender to Honower that the condemnor offers to malce an a�rud or settle a claim for dsmsges.Horrower fails to respond to Lender witbin 30 days after the date the notice is �iven,l.ead�r is authorized to collect and apply the proceeds,at ita option�either to restoration or repair of the Praperty or to the:iuns socur�d by thls Security Instrumeat,whether or not then due. Unlas Lender�tnd HorroMer otherwise agree in wrlting.any application of�raceeds to principal shall aot eatend or postpone the due date of the monthly paymrnts referred to iA pu�graphs 1 and 2 or change the uno�nt of auch paymenta � 10. Borrowu Not Relea�ed; Forbearaace By Lesder Not a Wd�er. Eatension of the time for payment or � modi8cation of uaortizsdon of tiie sums sacwed by this Security Instrutnent granted by Lrnder to any successor in ' interat of BorroNer shall not opente to release the lisbility of the original Borrower or Borrower's successors in interes� I.ender shall not be required to comc�nence proceedings against any successor in interest or reti�se to extend time for payment or otherNise madify amortization of the sums secured by this Security Instrumtnt by reason of any demand made by the ori�inal Borrower or Borro�aer's sncces,wrs in interat.�Any forbearance by Lender in exercising any right or remedy � ahall not be a wraiver of or praclude the�acercise of any rlght or remedy. ; 11. Saccwors a�d A�tip�Boud;JoLt aed Setenl Liability;Co.si�ners, ?he covenant�und agroements oP . ; this Security Instrnment shall bind and bene8t ttte successors and assigas pf Lender and Borrower,subjxt to the provisions of par�raph 17.Botro�ver's covenaats and agraments shall be joint and several.Any Borrower who co-signs this Security � � ` Inatn�ment but does not execute the Note:(a)is co-sigaing this Security Instrument only to mortgage,gnnt and convey � � � that Horrower's interest ia the Property under the terma of this Security Instrumeat;(b)is not personally obligued to pay ! . the sums xcurod by this Secuaty lnstrnment;aad(c)sgras that I.ender and any othcr Borrower may agra to eatend. i'-�-'- u�cu;:y.��-�i�'�ai�e an�ac�ommowtions with ngua to tne urms oi tnis�ecariry instrument or tne i�iote without -=- : thit Borrower's consent. - . l2. Lo�a C6ar�a. lf the toan sxurod by this Socurity Instrument is subjoCt to a law which sets maaimum loan -� ' charges. and that law is 6nally interpreted so that the interest or other loan charges collectod or to be collectad in connection with the loan exaed the permitted limits, then: (a)any such loan charge shall be reduced by the unount � neoasary to reduce the chuge to the permitted limit;and(b)any sums already collected from Bonower which exceeded pemutted limits will be refunded to Borra�ver. Lender may choose to make this refund by reducing the princip�l owed t— . und�r the Note or by making a direct payment to Borrawer.If a refund reduces principal,the�eduction will be tre�ted as s partial p�epsymrnt without any prepayment charge under the Note. - 13. I.e�latioa AR�cti� Lender's Rl�b. If enactment or expiration of applicable laws has the effect of , rendering any provision of the Note or this Security Inswment unenforceable according to its terms,Lender,at its option, t. , may require immediate paymrnt in full of ill sums secured by this Security Instrument and may invoke any remedies � � permittad by paragrxph 19.If Lender eaercises this option,Lender shall take the steQs specified in the second paragraph of � P�B�Ph l�. � i�. Notices. My nodx to Borrower provided for in this Sccurity Instrument shall be given by delivering it or by °.�(r-- mailing it by&�st class mail us�less applicabk}aw requires use of another method. The notice shall be directed to the i: '- PropeRy Address or any other address Bortower designates by notice to Lender.Any notice to Lender shall be given by ��• 8rst cl�tss mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice � provided'for in this Socwity lastnement shal!be damed to have been given to Borrower or Lender when given as provided in this paragraph. 1S. G�ernf�Lw;Se�enbility. This Security Instrument shall be governed by fe@eral law and the law of the jwisdiction in which the Property is located. In the event that any provision or clause of this Security Instr�ment or the Note conflicts aith applicable l�w,such conflict shdl not affect other provisions of this Security lnstrument or the Note ahich can be given etfxt without the conflicting provision.To this end the provisions of this Security lnstrument and the Note ate declarad to be sever�bta. � . 26. Borro+rss'�Copy. Borrower shall be given one conformed copy of the Note ar�d of this Security Instrument. 17. Tran�[er af the Property or a BeaeBcld Ieterat In Borrower. If all or any pan of the Property or aryy interest in it is sotd or iraasferred(or if a beneficial interest in Bonower is sold or transferred and Borrower is not a natural person)without Lender's prior written consent,Lender may,at its option,require immcdiate payment in full of all sums secured by this Seeurity Instrument.However, this option shall not be exercised by Lender if exercise is prohibited by federal law ss of the date of this Security lnstrument. If Lender exercises this option,Lender shall give Borrower notice of acceleration.The notice shall provide a period ; otnot las than 30 days from the date the not�a is delivered or mailed within which Borrower must pay all sums secured by this Secnrity Instrument.If Borrower fails to pay these sums prior to the expiration of this period,Lender may�nvoke any remedies permitted by this Security Instrument without further notice or demand an Borrower. ' la.Borrower's R1�6t to I�leinstate. If Bonower meets artain conditi�ns,Borrower shall have the right to have ' entorcement of this Security Instrument discontinued at any time prior to the earlibr of:(a)5 days(or such other period as applicable law may specify for reinstatement)before sale of the Property pursuant.to�ny power ot sale contained in this � � Security lnstrument:or(b)entry of a judgment enforcing this Security lnstrument. Those conditions are that Borcower: (s) pays I.ender all sums which then would bs due under this Security Instrument and the Note had no acceleration occutted; (b)cures any default of any other covenants or agreements; (c) pays all espenses incurred in enforcing this R Security Instrument, including, but not limited to,reasonable attorneys' fees;and(d)takcs such action as Lender may c� rasonably rtqwre to assure that the I�en of thss Security Instrument, L.ender's nghts in the Pro}xrty and Horrower's obl�gation to pay the sums se�ured by this 5ecurity Instrument sha1� continue unchanged. Upon re�nstacement by k, - � Borrower,this Security/nstrument and tht obltgations secured hereby shaU remam fully effect�ve as if nn acceleration had occurred.However,thts nght t�reinstate shal!not apply�n the cese of acceleration under paragraph�I 3 or 17 �