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_ � � ��- �oss45 If l,ender required mortgage insurance as a conditian oP m�king the taan sz�ured by this S�ueity Instrumcnt, � Borrowrr shall pay the premiums required 4a maiatxin tha insurance in effect unti!such time as the requirement for the insuranee terminates in�ccardance with Borrowet's and l.ender's written agreement or Applicabte IAw. 8. InfaecHon. Lender or its agent may make reasonable entries upon pnd insptctions of the Propetty. Lender shall give Borrower notice at the time aPor prior to an inspectian srecifying reasonable cause far the inspection. 9. Condemeation. The proceeds of any award or caaim for damages,dircct ar consequential,in amnection with any condemnation or other tsking of nny part of the Propeny, or for conveya�ece in lieu of zondemnation. are hereby usigned and shall be pa�id to Lender. In the event of s tatal tslcing of the Property,thE proceeds shall be applied to the sums securod by thi�Security Instrument,ahether or noi then due,with any eacess paid to Borrowcr. ln the event of a partial taking of the Property, unless Borrower and Lender otherwise agra in writing.the sums socured by this Security Instrument shall be reduced by the amount of'the proceeds multiplied by the following fnction: (a) the total 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 Borrower. . If the Property is abandoned by Borrower.or if.after notice b�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 suthorized to collect and apply the proceods�at its option,either to restoration or repair of the Property or to the sums secured by this Secwity Instrument.whether or not then due. Unless Lender and Borrower�therwise agree in writing,any applicat�on oi proceods to pnncipal snali nat extena or postpone the due date of the monthly paymenu referred to in paragrnphs!and 2 or change the amaunt of'such paymenu. 10. Horrower Not Releared; Forbe�uance By Leede� Not a V�'ai�er. Extension of the time for payment or modification of amortization of the sums secured by this Security lnstrument granted by Lender to any successor in interest of Borrower sh�ll not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender sh�ll not be required to commence proceedings against any successor in interest or refuse ta extend time for payment ar otherwise modify amortiution of the sums secured by this Security lnstrument by reason of any demand made by the original Bonower or Borrower's successors in interest.Any farbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude tht eaercise of any right or remedy. Il. Succet�on�ad A�Bouid;Joint and Sereral LiabiUty;Casigaere, The covenants and agreements of this Security Instrumcnt shall b's�d and bene8t the succescors and assigns of Lender and Borrower,subject to the provisions � of paragraph 17.Borrower's covcmants and agraments shall be joint and several.Any Borrower who co-signs this Security Instrnment but does not eaecute the Note:(a)is co-signing this Security Instrument only to mortgage,grant and convey that Borrower's intaest in the Property under the terms of'this Security Instrument;(b)is not personalty obligated ta pay the sums secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agra to extend, �iiuuii�,iv,'vear or make any accommodarions with regarci to the terms oi this�ecurity instrument or the ivote witnout that Borrower's consent. 12. I.otn G�arges. lf the loan secured by this Security Instrument is subjxt to a law which uts maximum loan chuges, and that laa is finally interpreted so that the interest or other loan charges collxied or to be collected in connxtion v�ith the loan eacad the permitted limits. then: (a) any such loan charge shall be reduced by the amount n�ry to re�uce the charge to tha permitted limit;and(b)any sums already collected from Borrower which exceeded :: permitted limits will be refunded to Bonower. Lender may choose to make this refund by reducing the principal owed • -��:, ander the Note or hy miking�direct payment to Borrower.If a refund reduces principal,the reduction will be treated as a �� partial prepaymrnt w1ithout any prepayment charge under the Note. 13. L�tlalion ARating Leeder's Rig6ts. If enactment or eapiration 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 19.If Lender exercises this option,Lender shall take the steps specified in the second paragraph of P�SnPh 17. � ' 1�. Notiea. Any notice to Borrower provided for in this Security lnstrument shall be given by delivering it or by '�� mailing it by flrst class mail unless applicable law requirts tue of another method. The notice shall be directed to the � , Property Address or any other address Borrower designates by notice to Lender.Any uotice to Lender shall be given by 's first class mail to Lender s address stated herein or any other address I.ender designates by notice to Borrower.Any notice provided for in this Socurity Instrument shall be damed to have ban given to Borrower or Lender when given as provided in this paragraph. 15. G�erain�Ls;Se�snbility. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is lceated. In the event that any provision or clause of this Security lnstrument or the Note conliicts with applicable law,such conflict shall noi affect other provisions of this Security Instrument or the Note whicb can be given effect without the conflicting provision.To this end the provisions of this Security lnsirument and the Note are dcclared to be severable. 16. Borrower'd Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Transfer ot t6e Property or a Heneflcial Interest jn Borrower. If all or any part of the Propeny or any interest in it is sold or transfened(or if a beneficial intcrest in Bonower is sold or transferred and Borrower is not a natural person)without Lendtr's prior written consent,Lender may,at its option,require immediate paymtnt 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 taw as of the date of this Security Instrument. If Ixnder exercis�s this option,Lender shaU give Borrower notice of accderation.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 sums 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 Borrower. 18.Borrower'a Right to Reinstate. 1f Borrower mcets certain conditions, Borrower shall have the right to have : enforcement of this Secutity Instrument discontinued at any time prior to the earli@r of:(a)5 days(or such other period as _ applicable law may specify for reinstatement)before sale of the Property pursuant to any power of sale contamed ir this : Secunty lnstrument;ot(b)entry of a judgment enforcing this Security ]nstrument. Those conditions are that Borrower: N I (a)pays l.endet all sums which then would be due under this Stcurity Instrument and the Note had no acceleration �� L occurred; (b) cures any default of any other covenants or agreements; (c)pays all expenses �ncurred �n enforc�ng this � 5ecurity Instrument, roclud�ng, but not lim�ted to, teasanable attorneys' fees; and (d) tukes such acuon as l,ender may �. �_ reasonably requite to assurc that the l�en of this 5ecurity Instrument. Lender's nghts in the Propeny s�nd F3orrower's i�� : obl�gation to pay the sums secured by this Secunty lnstrument shall con¢�nue unchanged L'pon reinstatement by �„�'J , $orrower,th�s Secunty Instrument end the obligat�ons secured hereby shall rema�n fully effectrve a�if nn acceieration had , : c►ccurred However,this right to remstete shal!not apply in the case of acceler�t�on under paragrAphc 13 or 17 J