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_;� � _ I � . ��°�'�a��t�j�a ' � lf Lender required mortgage insurance as a condition oP making the loan secured by tfiis Security ]nstrument. Hc�rro«�er shall pay the premiums required to maintain the insurance in efFect until�urh time as the requirement far the • insurunce terminates in accordance with 8orrower's and Lender's written agrcement or applicable law. 8. Inspection. Le�der or its agent may make reasonable entries upan and inspections of the Pmperty. Lender shall give Borrower natice at the time of ar prior to an inspectian specifying reasanable cause for the inspectian. 9. Condemnation. The proceeds oPany award or claim for damages,direct or consequential,in conneetion with any condemnation or other taking of any part of the Property. or far com�eyance in lieu as condemnation, are hereby assigned and shall be paid to Lender. ' In the event of a t�tal taking of the Propeny, the proceeds shall be applied to the sums secured by this Security ]nstrument, whether or not then due,with any excess paid to Borrower. In the event of a partial taking oi'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 multiptied by the following fraction: (a)the total Amaunt of the sums secured immediately . before the taking,divided hy(b)the fair market value of the Property immediately 6efore the taking.Any balance shall be paid to Borrower. � If the Property is abandoned by Bonower.or if.after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages.Bonower fails to respond to Lender within 30 days af'ter 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 2�2}::sums s.curc�b}•this Sc:;:::ty;nsirur�:.nt,1ti}IJ2iiG Jr 11Jt 4}li.Il�U�. Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or ' postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change thc amount of such paymenu. 10, Horrower Nat Relepsed; Forbearxr�ce Hy Lender Not a Naiver. Extension of the time for payment or madiflcation of amortization of the sums secured by this Security l�strument granted by Lender to any successor in interest of Borrow�er shall not operate to release the liability of the original Horrower or Borro�ver's successors in interest. Lender shall nat be required to commence proceedings against any successor in interest ar refuse to oxtend time for payment or otherwise modifj+amortization of the sums secured by this Security Instrument by reason of anp demand made by the original8orrawer 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 of any right or remedy. 11. Successors and Assigns Bound;Joint nnd Several Liability;Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Harrower,subject to the provisions � of paragraph 17.B�rrower's cavenants and agreements shal)be joint and several.Any Bonower who co-signs this Security Insirument but dces not execute the 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 ' - iiie su�iis acti:urcci'vy inis Securiiy instrument;anci(c)agrees that iender and any oti�er Borrower may agree to extenci, _-- modify,forbear or make any accommodations with regard to the terms of this Security lnstrument or the Note withaut : that Borrower's consent. ' 1Z. Losn Charges. If the loan secured by this Security lnstrument is subject to a law�vhich sets maximum loan �-: - eharges. and that law is finally interpreted so that the interest or other laaa c;sarga� colfect�d or to be collected in connection with the loan exceed the permitted limits, then: (a) any such loan charge shali be reduced by the amount _--= necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded � permitted limits will be re1'unded to Borrower. Ixnder may choose to make this refund by reducing the principal owed �: under the Note or by making a direct pa��ment to Borrower.If a refund reduces principal.the reduction well be treated as a � partial prepayment without any prepayment charge under the Note. ;— 13. Legislititon Affecting Lender's Rights. lf enactment or expiration of applicable laws has the effect of rendering any provision of the Note or this Security lnstrument unenforceable according to its terms,Lender,at its option, } may require immediate payment in full of a11 sums secured by this Security Instrument and may invoke any remedies ' �' permitted by paragraph l9. If Lender exercises this option,Lender shall take the steps specified in the secor+d paragraph af �•;� paragraph 17. 14. Notices. Any notice to Borrov�er provided for in this Security lnstrument 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 Borrower designates by notice to Lender.Any notice to Lender shaU be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any noti�e provided for in this Security Instrument shall be deemed to have been given to$orrower or Lender when given as provided in this paragraph. � 15. Governing Law;Severability. This Security Instrument shall be go�erned 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 agplicable law,such conflict shall not affect other provisions of this Security Instrument or the Note whieh can#se gi�en effeet without the conliicting pruvisi�n.To this end the provisions of this Security Instrument and the � Nate are declared to be severable. 16. Borrower's Copy. Aorrower shal)be given one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property or a Beneflcial Interest in Borrower. If a1} or any part of the Property or any interest in it is sold or transferred(or iPa 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 lnstrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal Iaw as of the date of this Security Instrument. __ _______ If Lender exercises this option,L,ender shall give Borrower notice of acceleration.'The notice shal!provide a period . of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all�ums secured by this Security Instrument. If Horrower fails ta pay these sums prior to the expiration of ihis period, Lender may invoke any remedies permitted by this Security Instrument�vithnut further notice or demand on Aorrc�wer. ' 18.Borrower's Right to Reinstate. If Borrower meets certain cundit��ns, B<�rmwer shal)have the right to have enfarcement of this Security Instrument discontinued at any time prior to the carlier of:(a)S days(��r tuch other pericxi ati � . applicable law may specify for reinstatement)before sale of the Yroperty purtivant to any puwer of�ale contained in this L Secvrity Instrument or�(b)entry c�f a judgment enforcing this Security Intitrument. Thcne c�mdition�are that Be,rr�w•er: �• (a) pays Lender al! sums which then would be due under this Security Imtrument and the N�te had no acceleration �. oecurred: (b) cures any default of any other covenant� or agreement�; (c) pays all expen�eti incurred ir. enfnrcin� thn �(+ Security lnstrument, mduding, hut nrn lim�ted to, reasonahle attc�rneys feeti: and td) takeS �uch ar_t�nt� ati l.ender may �� reasonably reyuirc in a��urc Ihat the lien of th�ti Security Instrument, Lcndcr'+ riFht� in thc F'rr�ncrty and 13�rruwcr'� +.;�;! �ihbbatton Ic� p�iy the tium� �ecurrd hy t1u` Secunty Imtrument tihafl c�+nttnue unchan�rd. l'p��n reu��tatement by _ Hnrr�rwer,�hi�Securn� Irntrurnent and thc nhhKatu�ns�c�ured herch} �hall rcmam tnll} effecli�c a��f n��a:reler.�ti�m ha�i r,�rutred Hnue�et.thiti r��ht t��remtit:ite�hall n��t a�,�l} �n th�ca�c��f acc cicraiu�u undrr l,.�r:+eraT,h, 1 ;��r 1' �