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_ _ 1 � - 89- 106'735 � lf Lender required mortgage insu�pnce as a �anditian of making the loan secufed by this Security lnstrument, 8orrower sfiall pay� ihe premiurns reqaired to maietain the insnrance in e�'eet until cuch time as the requirement tor the insurance terminates in uccordance with Barrower's and Lender's�;ritten agreement or applicable law. 8. laspection. Lender or its agent may make reasonnble eniries upon and inspections of the Prcgerty. Lender shall give 8arrower notice at the time�Por�rior to an inspection specifying reasonable eause far the inspection. 9. CandemnAtian, 7'he proceeds of any award ar elaim for damages,direct or consequential,in connectian with any condemnation ar oiher taking af any pan ot'the Praperty, or for con�•eyance in lieu of condemnation,are, hereby assigned and shall be paid to Lender. In the event of a tatal taking of the Aroperty. the proceeds shatl be applied ta ihe sums secured by this Security ]nstrument, whether or not then due, with any excess paid to Horrower. In the event oP a partial taking oP the Property, unless Barrower and Lender otherwise agree in writing,the sums secured by this Security Instrument shall be reduced by ' the amount of the proceeds multiplied by the following fraction: (a)the total amount of the sums secured immediately before�he taking,divided by(b)the fair market value of the Property immediately before the taking.Any balance shall be paid to Borratver. If the Property is abandoned by Borrower.or if;after notice b}•Lender to Borrower that the condemnor afTers to make an award or setZle a claim t'or damages,Barro�ver fails to respond to Lender within 30 days after the date the notice is given,Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair of the Prop�rty or to the sums secured by this Security lnstrument.v►hether or not then due. Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or postpone the due date af the monthly payments referred to in paragraphs 1 and 2 or change the amount oS'such payments. 10. Borrower Not Released; �orbeArance By Lender Not a Ws�iver. Extension of the time for payment or modification af amortization of the sums secured by this Security Instrument granted bv Lensier to any successor in iaterest of Borrower shal)not operate to release the liability of the original Borrower or Borrower's successnrs in iniertsi. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for paymcnt or otherwise modify amortiz�tion of the sums secured by this Security Instrument by reason of any demand made by the ariginal Borrawer or Bonower's successors in interest.Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or precl�de the exercise of any right or remedy. ll. Successors and Assigns F3ound;Joint artd Several Liability;Co-sfgners. 1'he covenants and agreements of � this Security lnstrument shnll bind and benefit the successors and assigns of Lender and Horrower,subject to the provisions of paragraph 17.Borrower's covenants and agreements shall be joint and several.Any Borrawer who casigns this Security Instrument but does not execute the Note:(a)is casigning this Security Instrument onl�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 Securitv Instrument:and(c)aerees that I.ender and anv other Bnrro�er mav a¢ree to extend. � modify,farbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. ' - l2. Laan Charges. If the loan secured by this Security lnstrument is subject to a law which sets maximum loan — charges. and that law is finally interpreted so that the interest ar 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 necessary to reduce the charge to the permitted limit;and(b)any sums already collect�d from Borrower which exceeded •�'