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=� _. � � ' . 89�- �.0 6'7 2 9 (�' If Lender requir� mortgage insursnce as �conditian af making the loan s:.cured by this Security Instrumznt, � Barrower shal!pay the premiums cequired to maintain!he iasurance in eflect until such tim�as thc requirement for the insurance terminates in accordance with Borrower's nnd Lender's written agrament ar applics�ble law. 8. In�pection. Lender or ita sgent may make rcasonable cntries upon and insprctions of thc Property. Lender shail g�ve Borrower aotiee at ihe lime of'or prior to an inspecti�n specifying rexsonsble es�use for the inspe�tion. 9. Co�demsadoa. The praceeds of�ny award or claim for damages,direct or consequential,in cannection with ar�y condemnation ar other tsking of any part of the Property. or for conveyance in lieu of condemna�tion. are hereby �ssigned and ahall be paid to Lender. In the event of a total aking of the Property. the proceeds shall bc applied to the sums secured by this Security Instrument,whether or not then due,with any exc.ess paid to Aorrower. ln the event of a pirtial taking of the Property, unless Horrower and Lender otherwise agree in writing,the sums secured by this Security Instrument sh�ll be reduced hy the amount of the proceeds multiptied by the following fraction:(a)the total amaunt of the sums secured immediately bd'on the taking�divided by(b)the fair market vulue of tbe Property immediately before the taking.Any balana shdl be paid to Honower. If thr Property is abandoned by Borrower,or if,after notia by Lender to Bonower that the condemnor offers to m�lce an award or settle a claim for damagrs,Borrower fails to respond to Lender w ithin 30 days after the date the notice is given,Lender is authorized to collect and apply the proceeds,at its option,either to restorati�n or repair of the Property or , to the sums securtd by this Security Instrnment,whether or not then due. Un9ess Lender and Borrower otherwise agree in writing,any apptication of proceeds to principal shall not extend or postpone the due date of the monthly psyments referred to in paragraphs l and 2 or change the amount of such gsymenu. 10. Borrower 1Vot Released; Forbeannce Hy Leader Not a Wdver. Extension of the time for payment or modi8cation of amortization of the sums secured by this Security lnstrument grantod by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Bonower's successors in interest. Londer shall not be required to commence proceedings against eny successor in interest or refuse to eatrnd time for payment er otherwise modify amorti�ation of the sums secured by this Security Instrument by reason of any demand made bp the original Borrowtr or Horrower's successo�in interest.Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or prxlude the eaercise of any right or remedy. Il. Succawrs a�d A»i�es Bound;Joint and Se�eral LiabiUty;Co-slgners. The covenants and agreements of this Security Instrument shali bind and benefit thc successc�rs and assigns of Lender and Borrower,subject to the provisions . of paragraph 17.Borrower's covenanu and agramenu shall be joint and several.Any Borrower who co-signs this Security Instrumtnt but das not exxute the Note:(a)is co-signing this Security Instrument only to mortgage,grant and convey that Borrower's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sums secured by this Socurity Instrument;and(c)agrees that Lender and any other Borrower may agree to eatend, ' u�cxiiiji,iviocsi vr iriui�r 8ny u�vrnmc�daiivns wiih regarci io ine icrms oi inis�ecariiy instrumeni or ine i�ioit witnout - that Borroaer's consent. � 12. Loan Chuges. If the loan secured by this Security Instrument is subject to a law which seu maximum loan . charges, and that !aw is �inally interpreted so that the interest or other loan charges collected or to be collected in „� connxtion weth the loan excad the permittad limiu, then: (a) any such loan charge shall be reducod by the amount - necessary to reduce the charge to the permitted limit;and(b)any sums already collceted from Borrower which axcaded •� :, permitted limits will be refunded to Borrower. Lender may choose to make this refund by roducing the principal owed under the Note or by msking a direct paymrnt to Borrower.If a refund reduces principal,the reduction will be treated as a putial prepayment without any prepaymrnt charge under the Note. — 13. L�slation ARerting Leeder's Rigbts. If enactment or expiration of applicable Iaws has the effect of `� rendering any provision of the Note or this Security Instrnment unenforcesble according to its terms,Lender,at iu option, _�'! may require immediste payment in full of all sums secured by this Security Ynstrument and may invoke any remedies ' � permitted by paragraph 19.If Lender exercises this option,Lender shall take the steps specified in the second paragraph of � paragraPh 17. 14. Notices. Any notict to Borrower provided for in this Security Instrument shall be given by delivering it or by :� " mailing it by fust class mail unless applicable law requires use of another method. The notice shail be directed to the � �'� Propes�ty Address or any other address Borrower designates by notice to Lender.Any notice to Lender shaq 6e given by first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice provided for in this Secnrity Instrumrnt shall be damed to havo ban given to Borrower or L.ender when given as provided in this paragraph. 1S. G�terning Lw;St�erability. This Security Instrument shall be governed 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 lnstrument or the Note con8icts with applicable law,such conflict shall not affect other provisions of this Security lnstrument or the Note which can be given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Nate ase declared ta be severable. 16. Borrower'a Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Traasfer of t6e Property or a Beneflcial Iaterest in Borrower. If a11 or any part of the Property or any interest in it is sold or transferred(or if a beneflcial interest in Honower is sold or transferred and Borrower is not a natural person)without Lender's prior writtm 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 eaercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. ,-___«-_ If Lender exercises this option,Lender shall give Borrower notice of acceleration.The natice shall provide a period � of not iess than 30 days from the date the notice is delivered or mailed within which 8orrower must pay all sums secured by , this Security Instrument.If Borrower fails to pay these sums prior to the expiration of this period,Lender may invoke any remedies permitted by this Security Instrument without funher notice or desnand on Borrower. , l8.Borrower's Right to Reiestate. If Borrower mats certain conditions, Borrower shall have the right to have - enforrem�nt of this 5ecurity Tnstrument discontinued at any time prior to the earlipr of:(a)5 days(or such other period as � applicablt law may specify for reinstatement)before sale of the Property punuant to any power of sale coniained in this � 5ecurity lnstrument;ot(b)entty of a judgment enforcing this Security Instrument. Those conditions are that Barrower: (a)pays Lender all sums which thtn would be due under this Security Instrument and the Note had no acceleration ,t accurred: (b) cures any default af any other covcnants or agreements; (c) pays all expenses incurred in enforcing this �`^ ' Seei:rity ]nsttument, �ndudmg, but not l�mited to, reasonable attorneys' fees: and (d) takes such act►on as L,e�der may �( '` reasonably require to assure that the Gen of this Secunty lnstrument, Lender's nghts in the ProperYy and Borrower's �1 � obl�gat�on ta pay the sums serured by th�s Security Insttument shall cont�nue unchanged. Upon re�nstatement t�y ,. � Batrower,this Stcunty Instrumem and the obligat�ons secuted hereby shall remain ful)y effecuve a�if no acceleration had _ occurted.However,th�s nght to tcinstate shall no1 apply m the case of acceleratum under paragraphti 13�r 17 �