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� � 89'-1�6841 � If Lender required mangAge insurance as a candition of making the loan secured by ihis Security lnstru�nent. Horratver shall pay the premiums required to maintain the insurance in effect until sueh time As Ihe requirement for lhe insurance terminates in accordance with Borrawer's And L.ender's written agreement ar applicuble law. 8. Inspectlan. Lender�r its agent may make reasonable entries upon und inspections of the Prcpeny. Lender shall give Barrawcr notice at the time of or prior ta an inspection speci`ying reasonable cause for the inspectian. 9. Condemnation. The proceeds o1 any award or elaim for darnages,direct ar consequential.in connection with any condemnation or other taking of any part of'the Property. or for conveyance in lieu af condemnation. ure hereby assigned and shall be paid to Lender. In the event of a tota)taking of the Property, the praceeds shall be applied to the sums secured by this Security Instrument,whether or nut then due,with any excess paid to Borrower. ln the event of a purtial taking of the Property. unless Barrower and Lender otherwise agree in writing,the sums secured b}this Security Instrument shall be reduced by the amount af the proceeds multiplied by the following fraction:(a)the tota)amount of the sums secured immediately before the taking�divided by(b)the fair market value of the Property immediately before the taking.Any balance shall be � paid to Bonower. If the Property is abandoned by Borrower.or if.after natice by Lender to Borcower that the condemnor offers ta make an award or settle a claim for damages.Borrower fails to respond to Lender within 30 days after the date the notice is Riven.Lender is authorized to collect and apply the proceeds,at its optian.either ta restoration or repair of the Pr�Perty�r to the sums secured by this Security Instrument,whether or not then due. � Unless Lender and Bonower 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 the amount of such payments. 10. Bonower Not Released; Forbearance By Lender Not a Waiver. Extension oP the time for payment or . modification of amortization of the sums secured by this Security lnstrument granted by Lender to any successur in interest of Bonower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall noi be required to commence proceedings against any successor in interest ar refuse to extend time for payment or otherwise modify amortization af the sums secured by this Security Instrument by reason of any demand made b•,•the original Borrower or Barrower'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�nd Assigns Hound;Joint and Several Liability; Casigners. The covenants and agreements of - � this Security Instrument shall bind and beneflt 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 Borrower who co-signs this Security Instrument but does not exeeute 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 ner:sonalh�nbligated t�nay I ._-. • the sums secured by this Securily Instrument;and{c)agrees that Lendcr and any other Borrower may agree to extend. • �''q modify,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without • � that Bonower's consent. ; 12. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in - connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amvunt — necessary to reduce the charge 3o the permitted limit;and(b)any sums already collected from Horrower which exceeded �° — permitted limits wil) be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed ' ; under the Note or by making a direct payment to Bonower.If a refund reduces principal,the reduction will be treated as a ' panial prepayment without any prepayment charge under the Note. � 13. Legislation A8'eeting Lender's Rights. 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 all 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 second paragraph of � , paragraph 17. ��. ; 14. Notiees. Any notice to Borrower provided for in this Secutity Instrument 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 oiher address Borrower designates by notice to Lender. Any notice to Lender shall be given by � first class mail to I.ender'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 t�een given to Barrower or Lender when given as provided in this paragraph. 15. Governing Ia�v;Severability. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. ln the event that any provision or clause of this Securiiy Instrument or the Note conflicis with applicable law,soeh conflict shall not affect other provisions of this Serurity Instrument or the Nnte which can be given effect without the con8icting provision. To this end the provisions of this Security Instrument and the � Note are declared to be severable. 16. Horrower•s Copy. Borrower shall be�iven one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property or a Heneficial Interest in Borrower. If all or any part af the Property or any interest in it is sold or transfened(or if a beneficial interest in$orrower is sold or transferred and Borrower is not a natural person)without Lender's prior written consent.Lender may,at its option,requjre immediate payment in full of all sums secured by thi�Security Instrumenl. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. lf Lender exercises this option.Lender shall give Borrower notice of acceleration.The notice shall 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. 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 further notice or demand on Borrovier. ' 1S.Borrower's Right to Relnstate. ►f'Borrower meets certain conditions. Aorrower shall have the right to have enPorcement of this Security Instrument d�seontinued at any time prior tc�the eariier of:(a)S days(or such other period�s � applicable law may specify fvr reinstatement)before sale c�f the Property pursuant to any power uf sale contamed in this LSecurity lnstrument; or(b)entry of a�udgment enforcing this Security Imtrument. Thosc conditi�m4 ure th<7t Rc�rmwer: (a) pays Lender all tiums which then would be due under this Security Intitrument and the Notc had n�� acrelcrat�un v ��eeurred; (b) cures any defauh �f any other co�enants or agreements; (c) payti all expemrti incurred in cnfiirc�ng thi� � Secunty Imtrument, includin�, hut �►nt hrmted tc�, rea5onable att�+rneyt' fce�: a�d !d) ic�ke� .uch actu�n ati Lrnd�r n�:�y � rea�unably reywre �� astiure that the lien nf thiti 5ecunty In�trument, l.ender'� nght� in thr Prc�perty and H��rrn«rr'� � '�- e�bl�gatu�n tn �+ay the wmti tiecured hy ihis Secunty lntilrumenl �hall c�mt�nue unchanked l'��nn reintit:�tement hy ' . Hnrre�wer.th�.tiecuru� L��Irumrnt and the��hl��.�h�mti�ecun�d hereh� tiha{I rrm;��n full� c•flcrti�c,��if iu,.�.ccici.�U�,n had .. ��ccurrrd H„«rticr.�h��i��;hi tr,rc�mt;ileSh�ill nnt aprly in thr�.i��•��I.�cicicr:iliun un�lrt ��.+r,iFr:��,h� 1 2��r I� ��