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-- z _ ;�; � �- �� . � � � RE R�'Cf�Rn.�r � �9� � 106�80 89-- 10��35 � IP Lender requirad mort�a�e insurance a a condition af'tnaicing thr losn secured by this Securitp lnstrument, Borrower shaU psy the premiums required to maintain the iasuance in etfect unti!such time as the eequirement for the insur�nce terrt�i�u►tes ia AccatdAnce with Boerowe�'a�id Lender'a writtGn��reement or appticAble Ixw. d. I�ctlo�. Lender or its a�ent may make reuonsble enteies upon and inspections of tha Property.L.ender shsll jive Horrower notice�t the time of or prior to sn inspectian anecifying ressonable cause for the inspection. 9. Oo�de�oado�. The praceeds of�ny�w�rd or claim for damages,direct or consequential,in connection with any condemnation os other taking of�ny part of the Pmperty� or for conv�y�nce in lieu af condemn�tian, s�e hereby s�ijned and shall be paid to Ler�der. ln the ever�t of a total takins of the Pmperty.the praceeds shall be applied to the sum�aecurod by this Security Instruma�t,ahether or not then due��rith any euoas paid to Horrower. In the event of�p�rtial tatdng of the Property, unlas Horro�ver and Lender otherwise a�ree in writin�,the sums socwed by this Secnrity Instrument shtll be reduoed by � the amotuit of the proceeds multipliad by the follo�in�frsction: (a)the total amount of the swns�ecured immediately before the taklaa,divided by(b)the fair muket value of the Property immedistely beforc ths taking.Any bal�nce shall be p�id to Borro�►er. ' If the Property is abandoned by Horrower,or if�after notice by Lender to Borrower that the condemnor o�'ers to make an aMUd or settle a clum for damages,Horrower fails to respond to Lender within 30 days after the dste the notice is 61ven,Lender is authorized to collxt and apply the praceeds,at its option,either to restoration ar repair of the Property or to the swns secured by this Security Instrument,whether or not then due. U�las Lender aad Horrower other�ise agra in writing,sny application of procads to principal shall not eatend or postpone the due date of the monthly payments referred to in patsgraphs 1 and 2 or change the amount of such paymenu. � 10. 8orrower Not Reka�ed; Forbea�xnce By Le�du Not s Wat�e�. Extension of the time for paymeat or modiScation of unortizspon of the sums secwed by this Security Instrument granted by Lender to any sucassor in interest of Borrower shaU not opente to release the liability of the original Borrower or Borrower's successors in interest. � Lender ahall not be required to commence procaedings against any successor in interest or refuse to eatend time for paymea�t or otherwise modify amortiution of the swns secured by this Secarity Instrument by reason of any demand made , by the orisinal Horrower or Bonoaer's sucassots in inttrest.Any forbeatance by Lender in e�ercising any right mr remedy • shall not be s w►aiver of or preclude the exercise of any right or remedy. 11. 5�ceaw�s aed AW�nn Ho��d;Jotnt and Seanl LiabWty;Co-ti�n. The wvma�t4 and agraments of tbis Security In3trument shtll bind and beneSt the successors and assigns of�.ender and Borrower.subject to the provisiona of panaraph 17.Horrower's eovenants a,nd agraments shall be joint and several.Any Horrower who co-signs this Security � Instrument but does not exxute the Note:(a)is co-signing this Secwity Instrument only to mortgage,grant and convey thst Borro�ver's iaterest in the Propaty uader the terms of this Security Instrument;(b)is not personally obligated to psy • the sums sxwod by this Secwity Instrument;and(c)agras that Lender and any other Borrower may agree to tatend. ! : { , n;wu'y,iu-rvair ur zie:i�e any accommow�tions witn regard to tne terms of this�eeurity instrament or the ivote without .-. _- that Borroaer's consent. _ • 12. La�s Cbar�p. If the loan secured by this Security Instrumcnt is subjeet to a law which sets ma�cimum loan — ; cbarges, aad that law is finally interpnted so that the interest or other loan cbarges collected or to be collected in � -= cannection aith the loan exceod the permitted limits, then: (a)any such loan chuge shall be reducod by the amount �-� neoes.sary to reduce the charge to the permitted limit;and(b)any sums alrady collected from Borrower which exceeded �— , pormitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing th�principal owed '� under the Note or by making a direct payment to Borrower.If a refund reduces principal,the reduction will be tre�ted as a paRisl prepayment without any prepayment charge under the Note. , 13. Le�isladoa ARecti� Lmder'� Ri�hta. If enactment or expintion of applicable laws has the effect of rendering any provision of the Note or this Sxurity Instrument unenforceable according to its teims.Lender�at iu option, may reqaire immediate payment in full of all sums secured by ihis Seceuity tnstrument and may invoke any rrmedies pemutted by puagnph 19.If Lender exercises this option�Lender shall take the steps specified in the second paragraph of? ` P�'sBnPh 17. 14. Nadea. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by � miiling it by Rrst clsss mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designaus by notice to Lender. Any notice to Lender shall be given by ',�;��: first clsss m�il to Leadcr's address stated herein or any other address Lender designates by notice ta Borrower.Any notice • provided'for in this Secwity Instrumrnt shall be deemed to have ban given to Borrower or Lender when given as provided � � in this puagraph. , 1S. Gry�en��Lw;Se�erabqity. This Security Instrumcnt shall be governed by federal faw and the law of the jurisdiction in ahich the Property is located. In the event that any provision or clause of this Security lnstrument or the Note wn8icts with applicable law.such conflict shall not affect other provisions of this Security Instrument or the Note wl�ich can be given effect without the conflicting provision.To this end the provisions of this Security lnstrument and the • Note are decis►red to be severabie. 16. Borroaer's Co�y. Borrower shall be given one conformed copy of the Note and of this Security Instrument. � 17. Tra�ter of tLe Property or� Be�eBcLl Ieterat in Borrower. If all or any part of the Property or any � interest in it is sold or transfened(or if a bentficial interest in Borrower is sold or transferred and Horrower is not a natural person)rwithout Lender's prior written consent,Lender may,at its option.require immediatc payment in full of all sums securod by this Security Instrument. Howevtr, this option shall not be exercised by L.ender if exercise is prohibited by federal l�w u of the dste of this Security Instrument. � If Lender exercises this option.I.ender sha11 give Horrower notice of acceleration.The notice shall provide a period %-__ _- of not less than 30 days from the date the notice is deliverod or mailod within which Borrower must pay all cums secured by ' this 5ocurity Instrument.If Borrower fails to pay these sums prior to the eapiration of this period,Lender may invoke any remedia permitted by this Security Instrument without further notice or demand on Borrower. lA.Borrower's RiaLt to Reinstate. if Borrower mats certain conditions, Borrower shall have the right to have enforcetnent of this Soeurity Instrument discontinued at any time prior to the eariibr of:(a)5 days(or such other period as � sPPlicable lsw may specify for reinstatemtnt)before sale of the Propetty pursuant to�ny power of sale cuntained in this � � Security Instrument;or(b)entry of a judgment enforcing ehis Security Instrument.Those conditions are that �orrawer: (a) pays Lender a11 sums which then would be due under this Security Instrument and the Note had no acceleration occurred; (b) cures any defanit of any other covenants or agreements; (c) pays all eapenses �ncurred in enPorcing this �c Security lnstrument, including, but not limited to, reasonable ettorneys' fees: and (d) takes such act�on as i.ender may �` -i reuonably require to assure that the lien of this Security Instrument. Lender's nghts in the Property end Borrower's �� obligdtion to pay the sums secured by this Security lnstrument shall continue unchanged Upon reinstatement by � t Iiorrow�er,this Secunty Instrumen!and the obligetions seeured hereby shell remein fully effectwe as if no accelerat�on had +- _ accurred.Howevet,th�s nght to«�nstate shall not apply�n the r,ase of accelerat�on under paragraphs 13 or 17 ==.%f _��.i .4!�I' � ,'•, �t��'; -.r� ,{ .��,:;•� . . �,. ;�. {�� ;': r : � . � - � ;