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1 � 8�°' 106490 � if Lender requi�ed mortgage insurance sa a condition of m�kin� the laan secured by this Security lnstrumcnt. 8orrower shal!pay the premiums required to msintain the insur�ec�in effect until auch tims as the requirement for the insunnce terntlqateS in accordance with Horroaer's and Lender's written sgrament or�pplicable law. a. Isspe�Non.. I,ende�or its agent may malce reesonable entries upon and inspections of the Propeny. Lender shall Sive Borrowet notice at the time of or prior to�inspection specifying reasonable cause for the inspection. 9. Co�deai�allon. The proceeds of any award or claim for damages.direct or consequentisl,in connection w�dth any condemnation or other uking of any pan oP the Praperty, or for conveyance in lieu of condemn�tion�are hereby usigned and shall be paid to Lender. In the tvGnt of�totd uking of the Property,the grocceds shall be applied to the sums secured by this Sacurity Instrumenl,w�hetber or not then due,�ith any eacaa paid to Bonower. In the avent of a putisl t�lcing of the Property. unlas Horro�ver and Lender otherwise ssree in writing,the sums secwed by this Security Instrument shall be reduccd by the amount of the proceeds multipHod by the following fractian: (a) the total amount of the sums secwed immodiately before the taking,divided by(b)the fiir muket vslua of the Pmparty immediately before the taking.Any bslsnce shall be � paid to Horrower. If tbe Properiy is abandoned by Borrower.or if*after notice by Lendcr to Horrower that the condemnor offers to make an a�vud or settle a claim for damsges,Borrower fails to respond to Lender within 30 days aRcr the date the notice is given,Lender is authorized to collect and apply the procads,at its option,either to restoration or repaur of the Property or to the sums socured by this Security Instrnment,whether or not then due. Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or postpone the due date of the monthly paymenu refened to in paragraphs 1 and 2 or change the amaunt of such payments. 10. Borrower Not Releaud; Forbeuance By Lender Not a Wai�er. Eatension of the time for payment or modiRcation of�ortiiation of the swns secured by this Security Instrument granted by Lender to any successor in intere.st of Borrower shall not opente to release the liibiGty of the original Borrower or Borrower's successors in interest. Leader shall not be required to commence praceedings against any successor in interest or refuse to eatend time for payment or otherwise modify amortiution of the suma sccured by this Security Instrumbnt by resson of any demsnd made by the ori�inal Horrower or Horrower's successors in inta�est.My farbearance by Lender in exercising any right or remedy shaU not be a��aiver of or preclude the cacercise of any right or remedy. ll. Sucewors aai A�d�n Hoaed:Joi�t and Se�era!I.i�bWty; Co-si�eri. Tho covenants and agreements of this Securiry Instrumrnt sh�ll bind and beneSt the auccessors and assigne of Lender and Borrower,subjcct to the provisions �. of pusgraph 17.Borrawer's covenanu and agreements shall be joint and sevual.Any Horrower who co-signs this Security + Iastrument but doa not exxute the Note:(a)is co-signing this Security lnstrument only to mortgage,grant and convey thst Horrower's interest in the Property nnder the terms of this Security Instsument;(b)is not personally obligated to pay the sums sacured by this Secwity Instrument;and(c)agas ths►t I.endtr and any other isorrower may sgree ta eactend, -�:�;; � ' modify,forbear or make any axommodations with regard to the terms of this Security Instrument or the Note without . , _ thit Borrower's consent. ;;' 12. Lwn Chu�es. If the loan secured by this Security Instrument is subjeet to a law which sets maximum loan :�.•:. chuges, and that law is flnaUy interpseted so that the interest or other loan shuges collected or to be coltected in �'''� connection with the loan eaceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount • = nece.uary to reduce the cbuge to the permitted limit;and(b)any sums already collected from Borrower which exceeded - . permitted limits wiU be sefunded to Borrower. Lender may choose to make this refi�nd by reducing the principal owed =� uader tbe Note or by making a direct payment to Borrower.If a refund reducss priacipal,the reduction will be treated as a t � partiil prepsyment without any prepayment charge under the Note. � 13. Legislatioa AffecHng I�e�der's Rlahb. If enactment or expiration of applicable laws hms the effect of rendering any provision of the Note or this Security Instrument unenforceable according to its terms,Lender,at iu option, ► may require immediate payment in full of all sums securod by this Security lnstrument and may invoke any remedies ; permitted by paragaph 19.If Lender exercises this option,Lender shall take the steps specified in the second paragraph of ParaBraPh l�. :. 14. NoNca. Any notice to Borrowcr providal for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law roquires use of another method. 'The notice shall be directod to the r� Praperty Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by ` � ' ' first class mail to Lender'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 ban given to Borrower or Lender when given as providod � in this prtagraPh• . 15. C,�erning Law;Se�erability. This Security Instrument shall be govemed by federal law and the law of the jwisdictian in which the Property is tocated.In the event that any provision or clause of this Security Instrument or the ASote conflicts with applicable iaw,such conflict shal]not affect oiher provisions of this Security Instrument or the Note w�hich esn be given effect without the conflicting provision.To this tnd the provisions of this Security Instrument and tlie Note are declarcd to be severable. 16. Borrower's Copy. Bonower shall be given one conformed copy of the Note and of this Security lnstrument. � 17. Tnnsfer ot the Property or a Beneflci�l Interest in BorroNer. If all or any part of the Property or any interest in it is sold or transfetred(or if a beneficial interest in Borrower is sotd or transferred and$orrower is not a natural person)without Lendcr's prior written consent.Lender may,at its option,cequire immediate payment in full of all sums secured by this Security Instrument. However, this option shall not bG exercised by Lender if exercise is prohibited by federal Isw as of the date of this Security lnstrument. If Lender eaercisa this option,Lender shall give Borrower noticc of acceleration.7'he notice shall provide a period ---—_ of not less than 30 days from the date the notice is delivered or mailed within which Bonower mnst pay al]cums secured by this Security lnstrument.If Borrower fails to pay these sums prior to the expiration of this period,Lender may invake any remedies permitted by this Security Instrumant without further notice or demand on Horrower. 18.eorrower's Ri�ht ta Reinstate. If Borrower meets certain conditions,Bonower shall have the right to have � enforctment of�his Security]nstrument discontinued at any time prior to the earlibr of:(a)5 days(or such other period as applicable Iaw may specify for reinstatement)before sale of the Property pursuant to any power of sale conta�ned in this � L Security lnstrument;or(b)entry of a judgment enforcing this Security lnstrument.Those conditions are that Borrower: � (a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration occurred; (b)cura any default of any other covenants or agreements; (c) pays aU expenses �ncurred in enforcing th�s h Securiry lnsttument, including, but not limited to. teasonable attorneys'fees; and(d)takes such actron as I,ender may �� reasonably requ�re tn essure that the l�en of this 5ecurity Instrumtnt, Lender's nghts in the Pr�perty and Borrower's �y obl�gatton to pay the sums secured by th�s Secunty lnstrument shall cont�nue unchanged Up�m reinstatement by . Borrawer,ih�s Secunty lntittument cnd the obligations stcured heteby shall remain fully effective as if no accelerat�on had •• •• . occurrtd However,th�s nght to rcinstate sha11 not epply�re the cn�e of acceleratton under paragrnphe 1;or 17 J