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1 � � � 8�'��06521 � ii Lender required marigaqe insuranee as a couditian af naking tht toan s�.•curc�by this Steurity lestru�teat, Borroivrr shall pay thr premiums requited to maintain the inaurance in elfect until such time as ehe requirement for the insurance termina�tes iu�ccord�nce with Borrower's and Lender's written agrament or applicable l�w. �. Iatpee�ton. Lender or its Agent may make reasonable entries upon and inspcctions of the Property. Lender shall give Horrawer natice at the time of or prior to an insfxcrion specif�iag reasonable csuse for the inspectlon. 9. Candeamadon. 'The proceeds of any aa•ard or cleim for damages,direct or consequentia�.in connection with s�ny condemnation or other taicing of any pari�vF thz Properly. or for comeyance in lieu of condc�nation,are hereby �ssigned anc!�hall be paid to Lender. In the event of a toul uking of ehr Praperty.the praeeds shsll be applied to the sums socured by this Security Instrument��vhether or not then due,�th sny�atcas pdd to Horrower. In the event of a putisl taking of the Property. untas Horrorver and Lender otherwise sgree in wriring,the sums secured by thi�Security Instrumrnt shall be reduad by the smouat of tha pracads multiplied by the following fnctlon:(s)ihe total amount of the sums secured immediately before the takina.divided by(b)the fdr muket value of the Pmperty immediately before the teking.Any balance sh�ll be paid to Borroavcr. IIf the Property is sbandoned by Horrower,or if,after notice by Lender to Horrower that the condemnor offen to � make an aMUd or aettle�clsim far damsges.Horrnw�er fsils to tespond to Lender withen 30 dsys�fter the date the notice is �iven.Lender is anthorized to colloct and apply the proceeds.at its option�either to restoration or repair of the Property or to the sumi�ecured by this Security Instrument�whether or nat the�due. U�la�I.ender aad BorroMer otherwise a�ra in writin�,�ny applicstion otpracads to principal shall not extrnd or poupone the due date of the monthly psymenta referred to in paragnphs 1 and 2 or change the amount of such paymrnts. 10. 8onower Not ReleaYed; Forbearance Hy Lende� Nat � W�i�er. Eatension of the time for payment or modiflcation of amortiution of the aum� secwed by this Security Instrument granted by Lender to any succasor in interat of Borrower shall not operate to rela�se the liability of the original Borrower or Borrower'a successors in interat. L�ender shaU not be reguired to commence proceedings egainst any successor in interest or refuse to extend time for p�yment or otherwise modify amortiution of the sums secured by this Security Instrumint by reason of any demind made by the ori�inal Borrower or Borrower's snccessors in interest.My forbearance by Lender in eaercising any right or remody shall not be a waiver of or preclude the eaercise oiany dght or remedy. il. S�ccwora aad Asd�m Bow�d:Joiat and Se�er�l Lisbility;Co�siperi. The covenmt�and agreanents of this Secwity Insmiment shall bind and beneSt the successors and assigns of Lender and Borrower,subject to the provisions ' of puagraph 17.Borro�et's covrnanu and agraments shdl be joint and several.Any Borrower who co-s�gns this Security 1 Instrument but does not execute the Note:(a)is casigning this Secwity Inswmrnt only to mortgage,grant and convey . that Boaower's interest in the Pro�erty under the terms of this Security Instrument;(b)is not personally obligated to pay . tha sums secured by tbis Security lnstri�ment;and{c)agees that I.ender and sny other Borrower rnay sgree to extend, -�� modify,forbear or m�ke any accommodations with regard to the terms of this Security Instn�ment or the Note without ��'-_ thit Horrower's consent. , _ 12. I.onn C6arQes. If the loan secured by this Security Instrument is subject to a law which sets maximam loan • _ chuges, and that law is finally interpreted so that the interest or other loa� charges collected or to be collceted in '�"�•. connection with the loan eac«d the permitted limits, then:(a)any such loan charge shall be reduced by the amount ��=h-_- necessary to reduce the charge to the permittod limit;and(6)any sums already collected from Borrower which exceeded ,-� permittod limits wzll be refunded to Borrower.Lender may choose to make this refund by reducing the principal owed '��_ tu�der the Note or by making a direct paymrnt to Horrower.If a refund reduces principsl,the reduction will be treated as e , partial prepayment without any prepayment chuge under the Nots. 13. Le�idatloa Ai[ecd� I�ender's Ri�hb. If enactment or expiration of applicable Iaas has the eRxt of ` renderi�g any ptovision of the Note or this Security Instrument nnenforceable according to its terms,Lender,at its option, tnay require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies r _ � permitted by puagraph 19.If Lender exercises this option,Lenda shall take the steps specified in the second paragraph of ParaBraPh 17. ��<. 14. Notlas. Any norice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by flrst class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Bonower designates by notice to Lender. Any notice to Lender shall be given by ;�� firat class mail to Lender's address statod herein or any other address Lender designates by notice to Bonower.Any notice . � provided for in this Security Instrument shall be deemed to have been given to Bonower or Lender when given as provided in this para�ph. � iS. G�en�in�Lw;Sefenbiltty. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. In the evont that any provision or clause of this Security Instrament or the Note conflicts witb applicable law.such�nflici shail not affect oiher provisions of this Sxurity Instrumeat or the Note which can be given e�'cet without the conflicting provision.To this end the provisions of this Security Instrument and the . Note are declued to be severable. . 16. Borrowe�'�Copy. Borrower shall be given one conformed copy of the Note and of this Security lnstrument. 17. Tran:fer of the Property or a Beneflcial Interest in Horrower. lf all 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 Borrowcr is not a natural person)without Lcmder's prior written consent,Lender may,at its option,require immediate payment in full oP all sums socured by this Security lnstrument. However,this option shall not be eaercised by Lender if exercise is prohibited by falecallaw as oPthe date of this Security Instrument. If Lendcr exercises this option, Lender shall give Borrower notice of acceleration.The notice shall provide a period ,-_--_--=-- of not less than 30 days from the date the notict 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 , romedia permitted by this Secvrity Instrument without furth�r notice or demand on Bonower. 1a,Borrower'i Rla6t to Re�astate. I�'Borrower meets certain conditions, Bo:rower shall have the right to have ' . � enforerment of this Security Instrument discontinued at any time prior to the earlibr o1':(a)5 days(or such other period as A applicable law may sperify for reinstatement)before sale of the Property pursuant to any power of sale contained in this � � Security Instrument;or(b)entry of a judgment enforcing this Security Instrument. Those c�nditions are that Borrower: (a) pays I.ender all sums which then would be due under this Security lnstrument ar,d the Note had no acceleration occurred: (b) cures any default of any other covenants or agreements: (c) pays all expenses incurred in enforcing this Security Instrumtnt, including, but not limited to, reasonable attorney.s' fees;and (d)takes such acti�n as L,ender may r'° rasonabty reyuire to assure that the lien of this Security Instrument, l,�nder's nghts �n the Propeny and �orrnwer's y� nbligation tb pay the sums stcured by th�s Suurity Instrument shell continue unchanged. Ur+on re�nstatement by ,� Borrower.th�s Secunty Ins�rument and the obl�gatu,ns secured hereby chall rema�n fully effecuve as af n�accelerat�on had �. .. , occurred Howevrr,th�s nght to ranstate shall not apply m the casc r,f acceleratian under paragrnphti I 3.ot 17 , �