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� 1 � r��j..�� 1�6514 � !f Ler�der reqtured mon�e insurance as�canditiun of enaking tht I�a,n sF-eumf by this Sreutily l�strumtnt. Horrowei shal!pay thc promiums rcquired ta mainttin the insurance in eRect until such timc�s the rc�uirement Por the i�aur�nce cermin�tes in accordsnce with Borrower's�nd Lender's written a�reement or�pplir.�ble I�w. a. Ia:peetlon. Lender or its sgent may m�ke reasonable entries upon and inspations of the Property. Lender sh�l!g�vt Borrower notics at the tirse af or priar to an inspection speciiying reasotiable esuse for the inspection. 9. Co�deewatioa. The p;oceeds of�ny awud or claim for d�mages,direct or consequential.in conncctioo with any condemn�tion or other taking of any put of the Property,or for conveyance in lieu of condemnation,ue hereby assianod snd shall be paid to I.ender. ' In the event of a total tsking of the Property,the proceeds shall be applied to the sums secured by this Security Inttrvment,whether or not then due,with any excas puid to Bonower. ln the event of a putisl taking of the Property. unlaa Bonowcr and L.ender otherwise a=ra in writing,the aums secured by thi�Security lnstrumrnt shvl be reduced by the amount of the pracads multiplied by tbe foUowing fraction: (a)the total amount of the sums secured inimediately before the taking,divided by(b)tha fair muket value of the Property immediately before the taking.Any balance shall be paid to Hornower. If the Property is abandoned by Borrower�or if.after notice b�Lender to Borrower that the condemnor offers to make an awArd or settle s claim for damsges,Borroaer fails to respond to Lender within 30 days after the date the norice is givc�,Leader is authorized to collxt and apply the proceeds,at ita option,either to r�toration or repair of the Property or to the sums se�ured by this Sacurity Instrument,whether or not then due. Ualess Lender and Horrower otherwise agree in writing,any application of�rocoeda to principal shall not extend or postpone the due date of the monthly paymenu refened to in paragraphs 1 and 2 or change the amount of sucb payraents. 10. Hon�ower Not Rele�ed;Forbanaa By Lender Not a Wd�er. Fa�tension of thc time for payment or " modiflcation of amortizsrion of the sums secured by this Security lnstrnment granted by Lender to any successor in interest of Borrower shall not operate to rdease the liability of the original Borrower or Horrower's successon in interest. Leader shall not be required to commence proceedings against any successor in interest or refuse to extend time for psyment or othenvise modify amoriizatioa of the sums secwed by this Serurity Instrument by reason of any demand made by the origin�l Borrower or Bortower's successors in intercst.Any forbearance by Lender in eaercising any right or remedy shall not be a waiver of or preclude the eaercise af any right or remedy. 11. Sucees�ors a�d Asd�s Bou�d;Joiat and Se�enl LiabWty;Co-si�ers. The covenants and agreemenu of , this Security Instrument shaU bind and beaefit the successors and assigns of Lender and Bonower,subject to the provisions of puagnph 1 T.Barrower's cavenanu and agreements shall be joint and several.Any Borrower who co-signs this Security Instrumtnt but does not eacecute the Note:(a)is co-signing this Secwity ln§trument only to mortgage,grant and convey that Horrawer's interat in the Pro�wty under the terms of this Socwity Instrument; (b)is not personally obGgatod to pay � ; the sums secured by this Security Instrument;and(c�agas that Lcnder and any other Honower msy agra to extend, i,::; moditj�,forbear or malce any accommadations with regard to the terms of this Security Instrument or the Nate withaut = �� that Bomower's consen� 12. Lo�n C�ar�es. If the losn secured by this Security lnstrument is subject to a law which sets maximum loaa chuges� and that law is finally iAterpretod so that the interest or other loan chazges collected or to be collected in , conaection with the loan eaceed the permitted limits, then: (a)any such loan charge sh�ll be reduced by the amount � -_. necessary to roduce the chuge to the permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits wiU be refunded to Borrower. Lender may choose to make this refimd 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. I�itlatba AR�etIeQ I.eeder's Rigbts. If enactment or eapiration of applicable laws has the effect of � � � rendering any provision of the Note or this Security Instrument unenforcea�le according to its terms,Lender,at its option. s m�y require immadiate payment in full of all sums secured by this Security Instrument and may invoke any remodies J ., permitted by puagraph 19.If Lender exercises this option.Lender shall take the steps specified in the second paragraph af pangraph 17. 14. Nottea. My notice to Aorrower providod for in this Security Instrument shall be given by delivering it or by mailing it by firsi class mail unless applicable law roquires use of another method. The notice shall be directed to the ,�� Property Address or any other addrass Borrower daignates by notice to Lender.Any notice to Ltnder shall be given by ' � ' Srst clsss mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice ' ' . provided'for in this Security lnstrument si�a11 be deemod to have been given to Borrower or Lender when given as provided • inthispuagraph. - IS. Cgfernte�Lw;Se�erability. This Security Instrument shall be govi,rned by federal law and the!aw of the jurisdiction in which the Propeny is located.In the event that any provision or claux of this Security Instrument or the Note conflicts with applicable law,such conflict shall not affect other provisions of this Sxurity Instrument or the Note which can be givm eSect without the conflicting provision.To this end the provisions of this Security lnstrument and the � Note are declared to be sever�ble. . 16. Borrower's Co�y. Borrower shall be given one conformed copy of the Note and of this Security Instrument. , 17. Tran=!er of t6e Property or a Beneflciv Interest in Borrowes. If a11 or any part of the Property or any : interest in it is sold or transferral(or if a beneficial interest in 8orrower is sold or transferred and Borrower is not a natural person)witttout Lender's prior written consent, I.ender may,at its option,require immediate payment in full of all sums seeurod by this Seeurity lnstrument.However, this option shall not be exercised by Lender if exercise is prohibited by fedenl law as of the date of this Security Insuument. If Lender exercises this option,Lender shall�ive Borrower notice of accderation. Thc notice shall provide a period '`--- - of not las than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security lnstrument.If Bonower fails to pay these sums prior to the expiration of this period,Lender may invoke any , remedies permitted by this Security Instrument without further notice or demand on Borcower. 18.Borrower'z Rl�ht to Reinstste. Tf Borrower meets certain conditions,Borrower shall have the right to have ' enforcement of this Security Instrument discontinued at any time prior to the earlibr of:(a)5 days(or such other period as . L applicable law may specify for reinstatement)before sale of the Property pursuant to any power of sale contained in this � Security Instrument; or(i�)�ntry of a judgment enforcing this Secnrity]nstrument. Those conc�itions are that Borrower: (a)pays I.�nder all sums which then would be due under this Security Instrument and the Note had no acceleration ` occurred; (b)cures any default of any other covenants ot agrecments; (c) pays al1 expenses incurred in enforcing this n, � Sssurity Instrument, including,but not limiteci to,reasonable attorneys'fees; and (d) takcs such action as Lender may tA ' teuontbly require to assure that the lien of th�s Security Instrument. I.ender's nghts m t he Propeny and Borrower'� � - abligation to pay the sums secured by this Secunty lnstnament shall cont�nue unchanged lJpon reinstatement by • � �' __ Borrower.th�s Secunty Instrumrnt and the obl�gat�ons secuted hereby shall rema�n fuUy eflect�re as c.`no acceleration had `` occurred.However,th�s nght to re�nstate shbll not apply in the case af accelrratinn under paragraph�.13�r 17 _ �