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.-:�..< _ _ _...__.. --- - -.9 3 �� _.t -�. . ..._..-_ . .. _ � � .. _:_: 89- 10 6"�6 0 I'� If Lender required mortgage insurance as a condition o°making the loan secured by this Security lnstrument. I Bosrower shall pay the premiums required to maiotein the insu�ance in etFect►wntil such time as the reqviremcnt for thc insurunce tetmin�tes in uwrdaiice with Bonower's and Lender's written ag�eement or applicable law. a. Inspeetiat. Leader ar its agent may make reasonable entries upc�n and inspections of the Property. Lender shall give Horrower notice at the time of or prior ta an inspection specifying reasonable caust for the inspection. 9. Con�emnation. The proceeds of any award or claim for damages.direct or consequentisl,i�connection with any condemnation or other uking of any part of the Property.or for conveyance in lieu of condemnatian, are hereby sssi�ed and sh�ll be paid to Lender. In the event of a total taking af the Property. ehe proceeds shall be applied to ehe sums secured by this Security Instrument,whether or not then due,with any eacess paid to Borrower.ln the event of a partial taking of the Property, unleu Bornower and Lender otherwise agree in writing,the sums secured by this Security lnstrumen4 sh�ll be reduced by the unount of the procads multipHed by the folloaing fraction: (a)the total amount af the sums secured immediately before the taking,divided by(b)the fiir market value of the Property immediately before the taking.Any balance shall be paid to Borrower. If the Property is abandoned by Borrower,or if,after notice by Lender to Borrower 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 date the notice is given,Lender is authorized 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 tlien due. Unless Lender and Horrower otherwise agra in writing,any application of proceeds to principal shall not extead or postpone the due date of the monthly payments referred to in parsgraphs 1 and 2 or change the amonnt of snch payments. 10. Borrowee Not Reieated; Forbeuance By Lender Not a Wd�er. Extension of the time for payment or modiflcation of amortization of the sums secured by this Secnrity Instrument grantod by Lender to any successor in interest of Bonower shall not operate to relc��se the tiability oi the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in intcrest or refuse to extend time for payment or othawise modify amortixatian of the sums secured by this Security lnstrument by reason af any demand made by the original Borrower or Borrower's successors in interest.Any forbearance by Lender in eaercising aa�y right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. ll. Succeswn aad Aaigns Bound;Joint and Se�eral Liabillty;Co-si�ers. The covenants and agreements of this Security Inswment shall bind and bene8t the succasors and sssigas of Lender and Borrower,subjxt to the provisions of paragaph 17.Borrower•s covenants and agraments shall be joint and several.Any Bonower who co-signs this Security , Instrument but does not execute th�e Note:(a)is casigning 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 r the sums secured bv this Security lnstniment;and(c)agreac that I.eader and any other Bonnwer mav agree to extendT madify,forbear ar make any accommodations with regard to the terms of this Security Instrument or the Note witheut � that Borrower's consent. � 12. Lo�e C6uQes. If t�e loan socured by this Security lnstrument is subjett to a law which seu maximum loan �= charges, and that law is finally interpreted so that the interest or other loan chsrges collected or to be collxted in _ ;�. connection with the loan eaceed the pernutted 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 collectod from Borrower which exceeded •� ,�. permitted limits will be refunded to Barrower. Lender may choose to make this refund by reducing the principal owed i under the Note or by making a diroct payment to Borrower.If a refund reduces principal,the reduction wi11 be treated as a � partial prepayment without any prepayment charge under the Note. ; 13. I.egisLtlon Afie�ting Leeder's Rig6ts. Ii enactment or expiration of applicable laws has the effect of J rendering any provision of the Note or this Security lnswment unenforcpbtt according to its terms.Lender,at its option, may require immediate payment in full of all sums secured by this Security Instrumeat and may invoke any remedies ' �, permitted by paragraph l9.If Lender eaercises this option,Lender shall take the steps specified in the second paragraph of ;;� P�SnPh 17. . 14. Notica. Any notia to Borrower provided for in this Security Instrament 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 to the � Property Address or any other address Bonower designaus by notice to Lender. Any notice to Lender sha11 be given by ` �. 6rst class mail to Lender s address stated herein or any other address Lender designates by notice to Borrower.Any notice provided'fos in this Security Instrument shall be deemod to have been given to Bonower or L.ender when given as provided in this paragaph. IS. G�ernin�Lw;Se�erabIlity. This Secnrity Instrument shall be governed by federal law and the 3aw of the jurisdiction in which the Property is located.ln the event that any provision or clause of this Security Instrument ar the Note conflicts with applicable law�such conflict shall not affe�t other provisions of'this Security lnstrument or the Note which ran be given effect arithaut the conflicting provision.To this end the provisions of th;s Security Instrument and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Tnntfer o!the Property or a Beneflcial Ieterest in Bonawer. If all or any part of the Property or any �� interost 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,L,ender may,at its option,require immediate paymens in full of all sums secured by this Security Instrument. However. this option shall not be exercised by Lender if exercise is prohibited by ��y faderal law as of the date of this Security lnstrument. ;___ ______._, = If I.ender eaercises this option,Lender sha11 give Borrower notice of acceleration.The noiice shall pravidc a period . � of not less than 30 days from the date the notice is delivered or mailed within which$orrower 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 remedies permitted by this Security Instrument without funher notice or demand on Borrower. l8.Borroaer's Rigbt to Rein:tate. If Borrower meets ccrtain conditions,Horrower chall have the right to have enforcement of this Security lnstrament discontinued at any time prior to the earli�r oL•(a)5 days(or such other penod a� {' _ � applicable!aw may specify for reinstatement)befare sale of the Property pursuant to any power oP sale contained m th�s w Seeurity Instrument;or(b)tntry of a judgment enforeing this Security lnstrument. Those conditians are that Borrower: � ��r (a) pays Lender all sums which then would be due under this Secunty Instrument and the Note had nu accelerat�ori � occurrod; (b) cures any d�Pault of any other covenants or agreements: (c) pays all expenses incurred in enforcmg th�s N __ �_ Secunty Instrument, mcluding, but not l�mited ta, reasonable attorneys'feeti, and (d) takes surh acuon ec i.ender may �� � �` tep.�nably rtt{wre to assure that the lien of this Secunty lnstr:�ment. Lender's rights m the Ptopert}� and R�rrower'c ��R abitgaUOn to pay the sums secured 'by th�s 5ecunty lnsvument shaU cvntmue unchanged l'P�m rein�tatemrnt by , e ��`� Borrower,ihis 5ecuruy Instrument ancl Ihe obhgauuns tecured hereby tihaU remam fully effern.e a� �f nn arceleraunn had - �•' c�ccurrtd However,thtti nght lo re�n�tate shall not appl,y in the casr c�f atceleratinn under par:�ar.iph� l;�+r 1'' :'/�' ��-f�`''�`. �(�'�".. ��A.'�/I � ! f. �.� :/ . ,�i i� �