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�� I � ��=- 106'��6 � If Lcndcr nquir�d mortg�ge insurance as a condition uf making the lean tieeurc�i by �h►s Security Instrument, BarroH•er shaU pay the pren�iunes r�qu�red ta muintain ihe insurance m efiect unt�l such t�me us the requirement fbr the insurance te�minates in aecordance��•ith Borra�ver's and Lender's�vritten ugreement or upplicable law. 8. lnspection. Lender or its agent may make reasonuble entrics upon and inspections af the Frrperty. Lender shall give Borrower notice at the time oPor prior to un inspcctian speci`ying reasrniablc cause fur the inspectian. 9. Condemnation. The proceeds of any award or claim for damages.direct or consequentinl.in cannectian with any candemnation ar ather taking at'any part of the Property, ar far canveyAnce in lieu af condemnatian. are hereby . assigned and shall be paid to Lender. ]n the event oP a tatal taking of the Property, the proceeds shall be applied to the sums secured by this Security lnslrument,whether or not then due,with any excess paid to Borrower. ln the event of a panial taking of the Propeny, unless Honower 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 tatal amount of the sums secured immediately before the taking,divided by(b)the fair market value of'the Property immediately befcre the taking.Any balance shall be paid to Bonower. If the Property is abandoned b� Borrower,or if,after notice by Lender to Harrower thut the condemnor offen to make an award or settle a claim for damages,Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the praceeds,at its oplion,either to restoration or repair of the Propeny ar to the sums secured by this Security lnstrument,whether or nat then due. Unless Lender and Bonower otherwise agree in writing,any application of proceeds ta principal shall not extend or postpone the due date af the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 10. Borrower Not Released; Forbearance By Lender Nut a Watver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of'the original Bottower or Borrower's succc�sors in interest. Lender shall not be required to commence proceedings against any successar in interest ar refuse to extend time for payment or otherwise mo�dify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest.Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise af any right or remedy. Il. Successors suid Assigns Hound;Joint And SeverAl Listbility;Casigners. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower.subject to the provisions . of paragraph l7.Barrower's covenants and agreements shall be joint and several.Any Borrower who co-signs this Security Instrument but dces not execute the Note:(a)is casigning this Securily Instrument only to mortgage,grant and convey � that Anrmwer's intercct in the Pmnerty under t.he tPrmc�f thic Secprity Instrument;(hl is not�ersonally�hlieated to pay ?.__ the sums secured by this Security Instrument;and(c)agre�es ihat L.ender and any other Borrawer may agree to extend. • modify,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's conscnt. l2. Loan Charges. ]f the loan secured by this Security Instrument is subject to a!aw which sets maximum loan � charges, and that law is finally interpreted so that the interest ar other loan charges collected or to be colleeted in -- connection with the loan exceed 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 collected f'rom Borrower which exceeded : permitted limits will be refunded to Borrower. Lender may chaose to make this refund by reducing the principal owed under the Noie or by making a direct payment to Bonower.If a refund reduces principal,the reduction will be treated as a partial prepayment without any prepayment charge under the Note. �� 13. Legislation Aftecting Lender's Righta. 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 a1D sums secured by this Security Instrument and may invake 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 notice to Borrower provided for in this Security Instrument shall be given by delivering it ar by �� mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the � � Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be 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 Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. Governing Law;Severability. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Pr�perty is located. In the event that any provision or clause of this Security Instrument or the Nate conflicts with applieable law,such conflict shall not aR'ect 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 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 ot the Property or a Beneficial Interest in Borrow•er. ]f all or any part of the Property or any interest in it is sol�or transferred(or if a beneficial interest in Borrower is sold or transfened 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 law as of the date of this Security Instrument. : � If Lender exercises this option.Lender shall give Borrower notice of acceleration.The notice sha11 provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all cums secured by this Security Instrument. lf Borrower fails to pay these sums prior to the expiration of this perivd, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Bnrrower. 18.Borrower's Rtght to Reinstate. If $orrower tneets certain c�nditions, Borrower tihall have the right to have cnforcement of this Security Instrument discontinued at any time prior to the eariier of:(a)5 days(or such�ther peri�d as � ` applirable law may specify for reinstatement)before sale of the Property purtuant t��any power uf sale cantained in this � . L—� 5ecurity instrument: or(b)eniry of a judgment enforcing this Secunty lnstrument."I'hrne condit�on5 are that {��rrower: �,� {a) pays Lender all tiums which then would be due under th�s Sccur�ty lntitrument and the �lotc had no acccleraticm (�.�t occurred: (b) cures any default of any ��ther covenants or agrecments: (c) pays a11 expcnticti mrurrrd in enforcing this �i = Se�urity lnstrumcnt, inciudmg, but not fimitcd t�, rcasonablc att�rncy�' fccti; and (di takc� �urh .ictum a� Lcndcr rnay �± ' � reasonafily reyuire to atit�re Ihat the hrn of Ihiti Security Instrument. I.ender'� n�ht� in thc I'r��perty an�t H��rri�«cr'� . { <�hligatnm fo p�y the �ums srcurccl by thiti 5ccurity In�trurncnt tih��ll c�mtu�u� ui�ch�in�:ril t'rrn� rrin�t:�tci�icnt h�• � Ilc�rrnw•er.thiti Secunty Ir�tiUument and thc c�hb�;,ihemti�ecured hcrth} �ht�ll rcm;�ui tullv rlfectnc;i��(n„ai�•cicrattnn h�u1 _- ��CIUI ftll H(�WC�Ct.IIlt4 f1�I111(�ffltltil�flC tiI1.fU(lni<,�rty�r,rn�•�:i�c nl acccict:�tu,n un�icr ��er.�itr,��•h� 1 ;�� 17 �