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� . 1 `� � t f 89�" 106583 � IP I.endcr required mortga�a,insurs�ce u� condition of mxking the toan secured by this Securiry lnstrument, 8orrowtr shall pay tMe p�amiums required to msintsin thc insuritnce in eA'eci until such time ns the rcc�uirement for the inturance terminates in accordance with 8orrowrr'a and Lender's written��r�ement or applicsblc law. !. IaRectba. Lender or its a�eat may make reuonablr enuies ugon and ins�ections af'the Property. Lender sh�ll�ive 8orroMer eotic�at the tima of or prior to tn inspection�pecifying reasonable ause for the inspection. 9. Do*it��tiae. 'fhe proceed�of any�ward ar claim for dunages,direct or consoquential,in connection with aay condemnatian or other t�kins of any part of the Property. or for conveyance in lieu of condemnAtion, are hereby aafipKd and s1a11 be paid to Lender. In the evrnt of�total takinj of the Property.the prceeeds shall be applizd to the sums socured hy this Security Instrument,w►hether or not then due�with sny excas paid to Borrower. In the event of a partial uking of the Properry, unk�s 8or�orver tnd Lender otherwise ajroe in writinj,the aums secured by this Security Instrument sh�11 be reduoed by the amount of the proceeds multipHed by the follow�in�fnction: (�)the total amount of the sums secured immedi�tely bd'ore the ukin��divided by(b)thc fdr tnuket value of the Property immediately before the taking.Any b�luice sh�ll be ��O H0170MEl. � If the Property is absndoned by Borrow�r�or if,after notia by Lender to Bonower that the condemaor otfers to m�lce an awud or settle a claim for d�ma�es.Borroaer tails to respond to Lendtr within 30 days alter the date the notice is pven,Lender is suthorized to collxt and�pply the proceeds�at its optioa.either to resioration or repsir of the Property or to the auma secwod by this Security Inatrument�whether or not then due. . - Unlas Lender�nd Horr�Mer otherwise��ra in writing,�ny�pplication ot�roceeds to principal shall not ext�nd or postpone the due date of the monthly p�ymenu referred to in p�ra�phs 1 and 2 or change the amount of such paymmts. 10. Horrower Not Relewed; Forbeu�nce By I.eade� Not a Wd�er. Extensian of the tnme for payment or modiflcation of amortization of the sums secured by this Security Instrument granted by Lender to any successor in � interest of BosroMer shall not optr�te to release the liability pf the original Borrower or�orrower's succeasors in interest. Lender shall not be requlred ta commence proceedinas against any successor in interest or refux to eatend time for psyment or othmvise modify amortization of the auma secured by this Security Instrumbnt by reason of uny demand made by the ori jina]Borrower or Borrower's succeswrs in intrrest.Any forbcarance by Lender in eaercising any right or remtdy • sh�ll not be��v�iver of or preclnde the exercix of any ri�ht or remedy. 11. S�earan u�Aaips Horrd; JoiRt�Se�eed Lisbiltry;Casianerar. The coven�nt9 and agreements of this Security Iastrument shall bind and beneflt the wccessan and suians of'Lender and Borrower,subject to the pmvisions of parasnph l7.Borroaer's covenants and sjreements shsll be joint and several.My Bonower who co-signs this Secwity � '� Instrument but doa not eacecute the Note:(a)is co-sip�ina this Security Instsument only to mortgage,grant and convcy . � that Horrower's interest in the Property under the term�of this Security Instrument;(b)is nat petsonally obligated to pay the sums secured by Wis Sscuritv Instrummt;and(c)uuees that Lender and anv other Borrower may altroe to extend, �.+_''." madity�forbear ar mskr sny acxommoditions with�nQard ta the terms of this Security Instrument ar the Ncte withoat � thst Borrower's consent. ` - 12. Lou C�r�a. U the loan secured by this Security Iaitrument is subjeCt to a law which sets maximum loan � , chuga. and thAt law is finally interpreted ao that the interat or other loaa charges collected or to be collected in ! connection with the loan eaceed the permitted limita, then: (a) any such loan charge shall be reduad by the amount � - necessary ta reduce the chuge to the pe�mittal limit;�nd(b�any sums already collected from Borrower which exceeded � permittad limits will be refundad to 8onower. Lender may choose to make this refund by roducing the principal owed �� under the Note or by making a direct psyment to Bonower.If a refund reduces principal,the reduction will be treated as a ' partisl prepymrnt without sny prcpayment charge under the Note. — ! 13. I�Watloa Afrectiy Lender's Ri=6b. 1P enactment or eapiration of applicable laws has the effect of ; rendering any ptoviaion of the Note or this Security Instrument unenforcable according to its terms,Lender.at its option, may requin immediate p�ymant in full of all sums secured by this Security Instrument and may invoke any remedies t . ' permitted by paragraph 19.If Lender eaetcises this aption,Lendes ahall take the steps specified in the second paragraph of t � ParaSrsPh 17. �°' ; 14. Notlas. .My notice to Borrower provided for in this Security Instrument shall be given by delivering it or by ',,�_, • mailing ii by flrst class mail unlas applicable law requires use of another method. The notice shall be e}irected to the ` Propeny Address or any othcr address Borrower designates by notice to Lender. Any notice W Lender shall be given by F'��4 Brat clus m�il to Lender's address statod herein or any other address Lender designates by notice to Borrower.Any notice �� provided for in this Security Instrument shall be damed co have been given ro Borrower or Lender when given as providod in this puagraph. 1S. G�eral.e�I.�w;Se�enbillty. This Security lnstrumrnt shall be governed by federal law an�3 the lsw of the jurisdiction in which the Property is locatod. In the event that any provision or clause of this Security instrument or the Note conflicts with spplicable law.such conflict shall not a}Fcet other provisions oP this Sccurity Instrument or tho Note ' which can be given efftct without the conflicting provision.To this end the prorisians of this Security Instrnment a�d tht . ' Note arc declared to be severable. 16. Borrower's Copy. Borrower shaU be given one conformed copy of'the Note and of this Security Instrument. 17. Traa�hr ot t6e Property or� Beneflcfal Interat In Horrower. Jf a11 or any part of the Property or any interest in it is sold or transferred(or if a beneflcial interest in Borrower is sold or transfured and Borrower is not a natura! person)without Lender's prior written consent. Lender may.at its option,require immediate payment in full of all sums secured by this Security lnstrument. However. this option shall not be exarcised by Lender if exercise is prohibited by federal law u of the due of this Security lnstsument. If Lender exercises this option.Lender shall give Borrower notice of acceleration.The notice shall provicte e period `l--_ � of not Iess than 30 days from the date the notia is delivered or mailed within which Aorrower must pay all cums secured by ' this Security Instrument.If Bonower fails to pay these sums prior to the expiration of this period,Lender may invoke any rrmedia permitted by this Security Instrument withput further notice or demand nn Borrower. � ls.Borruwer's Ri�hht to Rein:tate. 1P Borrow�r meets cenain conduions, Aorrawer shbl!have the right to have ! enforcement af this Security lnstrument discontinued et any time prior t�ihe earlifr of:(a)S days(or such other period as applicable law may specify for reinstatement)before sale of the Prop�rty pursuant to eny power of sale contained in this :a� L Security lnstrument;or(b)entry of a judgment enforcing this Security Instrument Thine cand�uans are that Borrower: (a)pays Lender all sums which than would be due under this Secunty Instrument and the Note had no acceleration accurred; (b) curts any default of any other covcnants or agreemrr►ts, (c) pays ull expens�� incurred in enforcing this `� : �aecurity Insttument, including,but not lim�ted to, reasanable attorncys' fce5. and (d) tak�� urh act��n as l.ender may �' reas�nably ret�uire tn assu:t that the I�en oP this Stcunty lnstrument. L.cnd�r's nghts �n the Nrnperty end Borrower's � obligation to p�y tht sums secuted by th�s Secunty Instrument �hall cununuc unchungcd L��x�n re�nstetement by �` „ , Borrower.th�s Secunty lnstrument end the nbligaUons secured hereby tiht�ll remein fully Pff'e�uve ati if no acceleral�on had `' " , occurred.Howtver,lhts nght to ranstate shall not apply�n the cese nf nccelerahun under para�trE�phti t��r 17 �