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_� � � gg.�- lOC 910 � !f l.ender required mortgage insucance as a condition of making the loan secured by [his Security I�strument. Harrower shall pay the premiums requircd to maintain the insurance in effect until such time as the requirement for the ins�rance terminates in accordance with Borrower's and Lender's written agreement or applicable law. 8, lnspecdot►. Lender ar its agent may makc reasonable entries ugan and inspections os the Property. Lender � shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 9. Condemnation. The proceeds of any award ar claim for damages,direct or consequential.in connection with any condemnatian ar ather taking of any part of'the Property, ar far conveyance in lieu af condemnation,are hereby � assigned and shaU be paid to Lender. ln the event of a total taking flf'the Prapeny, the proceeds shall be applied ta the sums secured by this Security � Instrument.whether or not then due,with any excess paid to Bonower. In the event of a partial taking of the Property, unless Borrower and Lender otherwise agrce in writing,the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following Praction: (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 Borcower. If the Propeny is abandoned by Borrower,or if.after notice by Lender to Bonower that the condemnor otfers to -- �04�nn nt�rw��catt�P n rlai�n{'O�L��I:l�^p°v.�L`r!O`.��a!fojlg f�r�Fnnii t�1 ar�n!�vl�}!1A =n Lj9�S at�?r*he date!he no±�ce es given,L�nder is authorized to collect and apply the proceetls,at its option,either to restoration or repair of the Property or to th�sums secured by this Security Instrument,whether or not then due. Unless Lender and Borrower otherwise agree in writing,uny applicutian 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. Borrower Not Released; Forbearance By I,ender Not a Waiver. Extensian 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 Horrower or Borrower's successars in interest. Lender shaU not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured hy this Security Instrument by reason of any demand made by the originai Borrower or Barrower's suecessors i�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. Successars and Assigns Bound;Joint and Several Liability;Co-signers. 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 17.Borrower's covenants and agreements shall be joint and several.Any Borrower who co-signs this Security ' ' - :��situment but daes not execute the Note:(a)is casigning this Security Instrument only to mortgage.grant and convey �,,� tnat iwrrower's interest in the rroperty un�er tne terms oi this�ecurity instrument;�bj is not personaiiy ubiigatea to pay -- the sums secured by this Security Instrument;and(c)agrees that Lender and any other Borrawer may agree to extend, ��.`:'^ modify.forbear or make any accommadations with regard to the terms of this Security Instrument or the Note without , � _ that Borrower's consent. 12. Lo�n Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum ioan , � 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 lflan charge shall be reduced by the amount � . necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borruwer v��hich exceeded ' . permitted limits will 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 Borrower.lf a refund reduces principal,the reduction will be treated as a ' partial prepayment without any prepayment charge urtder the Note. 13. I.e�isiatlon AfY'ecting Lender's Ripl�ts. If enactment or expiration of applicable laws has the effect of t ; rev�ering any provision of the Note or this Seeurity 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 � � � paragraph 17. ��`- ]4. Notic�s. Any notice to Bonower provided for in this Security Instrument shall be given by delivering it or by j��`: : maiiing it by first class mail unless applicable law requires use of another method. The natice shall be directed to the . � Property Address ar any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by , first class mail to Ixnder's address stated herein ar 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 Iaw;Se�erability. This Security Instrument shall be governed 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 Noie canflicts with applicable taw,such con8ict shall not affect other provisians of this Security Instrument or the Note ' which can be given etfect 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. Borrower shall be given one conformed copy of the Note and of this Security instrument. 17. Transfer of the Property or a Btneficial Interest in Bonower. If all or any part of the Property or any interest 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 I.ender's prior written consent. l.ender may.at its option,require immediate payment in full of aU surr�s secured by this Security Instrument. However. this option shall not be exercised 5y 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}�rovide e period of nat less than 30 days fr�m the date the notice is delivered or mailed within which Borrower must pay all sums secured hy ' this Security lnstrument.If Borrower fails to pay these sums prior ro the expiration c�t'th�s period, Lender may invc�ke any remedies permitted by this Security Instrument withnut funher notice or demand on Borrowcr. ' 18.Borroyrer's Right to Reinstate. if Bc�rrower meets certain cnnd�tions.I3c�rrowrr�hall havc the nght to ha�•e � enforcement of this Sceuriry Insttument discontinued at any t�me pr�or to thr earl�er of:(a)5 dayy lor wch other pen�,d a, applicable law may tipecify for reinstatement)before sale dt'the Propeny purtivant to any powrr nf�ale rnntaincd m th�y Secus�ty Instsument;ar(b)entry of a�udgment enforc�ng th��Security Intitrument. T'hrne condition� are that li��rmwec (a) pays I,endsr all �urm whtch then would be due under thts Sccur�ty Imtrument nnd Ihc I��te had no acrrlrr.�U�m t`► _ ocrurred. (b) cureti any deCxult of any uther re►venantti or aFreements: (c) payti all expemew incurred m enforc�n� �hi� �� atti.un�y Imtnnnrnf, inctud�ng. �ut nut i�mrted to, reasonable attorneyti' feeti: and (d)teketi�uch artion as Lrncicr may . rea,nuahly reyuire tu a�5ure that the lien nf th�s Secunty Instrumen�. 1 encter'� n�,ht. �n ihr Pm�ert}� .�nd Hi�rr�ouer'� ;.. ., o�bgaUnn t�� pay thc �utns ticcured by thiti Secunty Instrument �hall .ur�tu�uc un�h�u��:cct l�r„�� ri•ui�talrment h} f3r�rr��a�•r.thiti5c�ur�t� Intitrutncnt and thc��bligaU�mti�ccurcd hcrcbr tihall re•m.}�n lully cli�•.Iitr;s•.�f nn.i.ccicr:�tinn hacl ' �u��urred H��uc�cr.th�ti n�ht tu rc�nstatc tihail nut aprly in�hc�ati�•nf ac�rlcrat�ur� uu�icr �•.�r.��;i:�rhti I i�,r 1' �