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, � � � 8g� �oss� � � lf Lcrtdcr reyuired martgage insurance as a canditi�n of making the Icu+n cecnred by this Security Instn�mtnt. Borrower shall pay the premiums�sc�uired to maintain the insurance in effect until such time as the rcquirement for the insurance terminates in accordance with Bonawer's�nd Lendcr's writtcn ag�eemcnt or applicable law. 8. In�pectlon. I.ender or its agent may make rcasonable entries upon and inspcctions of'the Property. Lendcr shall give Borrower notice at the time af or priar to an inspection specifj+ing reasonabte cause for the inspection. ' 9. Condemn�tlon. The procceds of any award or claim for damages,direct or consequential,in cannection with any condemnation or other taking as any pan af the Property. or far conveyance in lieu of condcmnation, are hereby asslgned and shall be paid to Lender. � In the event of a tatal taking af the Property. the proceeds shall be applied to the sums secured by this Security Instrument,whether or nat then duc,with any excess paid to Bc�rrower. In the event of a partial takiag of'the Property. � unless Borrower and Lender otherwix agree in writing,the sums secured by this Security Instrument shall t+e reduced by , the amount of the proceeds multiplied by the following fraction: (a)the total amount of the sums secured immediately befare the taking,divided by(b)the fair market valuc of the Property immediately before the taking.Any balancc shall be paid to Bottower. If the Property is abandoned by Borrower.or if,after notice by Lender to Bonower that the condemnor offers to make an award or settle a claim for damages,Borrower fails to respond to Lender within 30 days after the datx the notice is . given,Lender is suthorized to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to the sums secured by this Security Instrument,whether or not then due. Unless Lender and Borrower otherwise agee in writing,any application of proceeds to principal shall not extend or � postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change the amount of such payments. , : 10. Bonower Not Released; Forbarance Hy Lender Not a Walver. Extension of the time for payment or mvdification of amorti2ation of the sums secured by this Security Instrnment granted by Lender to any successor in interest of Horrower shall not operate to release the liability of the original Borrower or Bonower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Bonower or Borrower's successors in interest.Any forbearance by I.ender in exetcising any right ot remedy shall not be a waiver of or preclude the eaercise of any right or remedy. ll. Succesaora and Assl�s Bound;Joint and Several Liability;Caslgners. 'The cavenants and agreemcnts of � • � this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower,subject to the provisions of paragraph 17.Borrower's covenants and agreements shall be joint an�several.Any Borrower who casigns this 3ceurity .;.;� � Instrument but does not execute the Note:(a)is casigning this Security Instrument only to mortgage,grant and convey � ,. that Borrower'c interect in thr Pr��rr�r�n��i ihe i�*ms ef ih•�c��:�+.;rns!n:r.i�r.i;.€b;i�n�i�:�..o��l,��ligst..-a..:a�j t :;�- � .�-. the sums secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agrce to eatend, modify,forbear or make any accommodations with regard to the terms of'this Security Insuumen�ur the Note without that Borrower's eonsent. 12. Loaa C6uges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan _ charges� and that law is finally interpreted sa that the interest or other loan charges collected or to be collected in connection with the loan eaceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount i necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded p permitted limits will be refundod to Borrower. Lender may choose to make this refund 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.Fgislation Afreeting Lender's Rig6ts. If enactment or expiration of applicable laws has the effect of . rendering any provision of the Note or this Security Instrument unenforceable according to its terms,Lender,at its option, may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies permitted by paragraph 19.1FLender exercises this option,Lender shall take the steps specified in the second paragraph of paragraph 17. •:�T. 14. Not�ces. Any notice to Bonower provided for in this Security Instrument shall be given by delivering it or by �- � mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed ta the :� ,. Properiy Address or any other address Borrower designates by notice to Lender.Any notice to Lender shall be given by , first olass 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 been given to Borrower or Lender when given as provided . . in this paragraph. 15. Governing Ia�w;Severability. 'This Security Instrument shall be govemed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with appiicable law.such conflict shall not afl'ect other provisions of this 5ecurity Instrument or the Note • which can be given eftect without the conflicting provision.To this end the provisions of this Security Instrur!ient and the ' Note are declared to be severable. ' 16, Borrower's Copy. Bonower shall be given one conformed copy of'the Note and of this Security Instrument. 17. Transler of the Property or a Beneflcial Interest in Bonower. If al1 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 Borrower is not a natural person)without Lender's prior written consent,Lender may.at its option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal!aw as of the date of this Security Instrument. �-------__ If Lender 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 notice is delivered or mailed within which Borrower must pay all sums secured by , this Security Instrument.�f Barrower fails to pay these sums prior to the expiration of this period, Lender may invoke any ; remedies permitted by this Security Instrument without furiher notice or demand on Borrower. 18.Borrower's Right to Reinstate. If Borrower meets certain conditions,$orrower shall have the right to have � enforcerrcent of this Security Instrument discantinued at any time prior to the earlier of:(a)5 days(or such other periad as � � applicable law may specify for reinstatement)before sale of the Property pursuant to any power of sale contained in this . Security Instrument;or(b)entry of a ju8gment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender al! sums which then would be due under this Security Instrument and the Note had no acceleration occurred; (b)cures any default of any other c�venants or agreements; (c) pays all expenses incurred in enPorcing this �' Securily jn�trumeni, including, but nat limited Iu, rrasunable attorneys' fees; and(d)take� such action as Lender may � reasonably requirc t� assurc that thc lien oP this Security Instrument, l.endcr's rights in the Prnperly and Be�rr�wer's r� obltgation to pay the tiums cecured by Ihis Secur�ty instrument shall enntinue unch�ngrd C1pem reimtatement hy T� �• : Hnrrnwer,thiti 5ecuriiy InStrument and the��bligations sec:ured herchy tihall remam fully efiecti�e a�if nn arrrlcrau�tin had �ucurred. Hnwe�•er,th�ti nght to remctute tiht�ll not s�pply in thc catie��f arcelcrat�nn under rara�;r,�ph� 1;nr 17 . �