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_ r . . . _. __ — — _—__ . ..- . _ ��s� .-- _ , _ _ i � � 8�7°�O U t71 i,) � !P l.ender required mortgage insurance as a condition of making the loan secured by this Security Insttument. Borrower shall pay the premiums required to maintain the insunnce in effxt untit such tima as the requirement for the insurance terminates in accordanct with Borrower's and Lender's written agrcement or applicable law. 8. Lns�ectioe. Lender ar its a�qnt msy makc reasonabte entries upan and inspections of thr Property. Lender shall give Boprower�otice at the time af or prior ta at�inspectian specitying reasonable cause fot the inspection. 9. Condemaation. The proceeds of any awud or claim for d�mages,direct or consequential.in connection with any condemnation or other taking of any part of'the Property, or for conveyance in lieu of condemnation� are hereby . �. assigned and shall be paid to Lender. In the event of a tot�l taking af the Property,the proceeds shall be applied to the sums secured by this Security � Insirument.whether or not tken due,with any excess paid to Borrower. ln the event of a partial taking of the Property. unla�Borra�ver and Lender otherwise agree in writing,the sums secured by this Security Instrument sh�ll be reduced by ' tbe amount of the Y:oceads multipHai by the following fraction:(a)the total unount of the sums sacured immediately before the Wcing,divided by(b)the fair muket value of the Property immediately before the taking.Any balance shall be paid to Borrower. If the Property is abandoned by Borrower,or if.atter notice by Lender to Horrower thit the condcmnor otfers to make an aaard or settle a claim for damages.Borrower fails to respond to Lender within 30 days atter the date the notice is given,Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair af the Propertv ar iv i�ie sums secured�y this 5ecunty lnstrument,whether or not then due. Unless Lender and Borrower otherwise agree in writing.any spplication of proceeds to principal shall not extend or postpone the d�e date of ihe monthly payments referred to in puagraphs l and 2 or change the amount of such psyments. 10. Borrower Not Relea�ed; Forbarance By I,ender Not s Wai�er. Eatension of the time for payment or moaiflcation of amortization of the sums secwed by this Security Instrument granted by Lender to any successor in interat of Borrower shall not operate to release the liability of the original Borrower or Horrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the swns secured by this Security Instrument by reason of any demand made by the original Borrower or Borroaer's successors in interest.My forbearance by Lender in eaercising any right or remedy ! shall not be a waivu of or preclude the eaercise of any right or remedy. 11. Saccesfon and Asdps Houad;Jotnt and Se�enl Liabillty;Co-aigners. The covenant�and agreements of this Secwity Insuument shall bind and beneflt the successors and assigns of Lender and Borrower�subject to the provisions of puagraph 17.Borrower's covenants and agraments shall be joint and several.Any Borrower who co-signs this Security lnstrument but das not execuu the Note:(a)is co-signing this Sceurity Instrument onl}to mortgage,grant and convey � that Borrower's intsrat in the Property under the terms af this Security Instrument;(b)is not pe�sonally obligated to psy ii10 SUmS SOCU�bY t}lis SeCUiitV It1Strllmellt;and(c�g�rerc th�t i rr�tl�r anA an�nIhlr R•:�L1:Y�!l::��8aiw!a L�:CT,t:� �--- modify,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without ' � thst Horrowu's consent. 12. Lwn GbarQa. 1f the loan secured by this Security lnstrument is subject to a law which sets maximum loan charges. and that law is finapy interpreted so that the interest or other loan charges wllceted or to be collected in connxtion with the loan exceed the permitted limiu, then: (a) any such loan charge shall be reduced by the amount pxassary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded - pemuttM limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principa]owed ; under the Note or by m�king a direct payment to Borrower.If a refund reduces principal,the reduction will be treate�as a psrtial prepayment aithout any prepayment charge under the Note. 13. I.e�latioa AQecting I,ender'� Rlghb. If enactment or expiration of applicable laws has the effxt of 1 rendering any provision of the Note or this Security Instrument unenforceable according to its tcrms,l.ender.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�SmPh 17. i�. Notica. Any notice to Bonower provided for in this Security Instrument shall be given by delivering it or by 1.�. . � 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 L.ender shall be given by '` first class mail to Lrnder's address stated herein or any other address I,ender designates by notice to Bonower.Any notice provided for in this Security Instrument shall be damed to have been given to Horrower or Lender when given as provided in this paragraph. 15. G�erNs�Lw;Se�enbility. This Security lnstrument shalJ be governed by federal taw and the law of the jwisdiction in whicb the Property is located. In the event that any provision or clause of this Security lnstrument or the Note conflicu with applicable law.such conflict shall nat affect other provisions of this Security Instrument or the Note which esn be givm effect without the conflicting provision.To this end the provisians of this Security Instrument and the �. Note are dxlared to be severabte. 16. Boerower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Tran�fer of tLe Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred(or if a beneficial interest in Sorrower is sold or transferred and Borrower is not a natural person)without L.ender's prior written constnt, Lender may,at its option, require immediate payment in full of all sums socnred by this Security lnstrument. However, this option shall not be eaercised by Lender if exercise is prohibited by federal law as of the dste of this Security Instrument. If Lender eaercises this option,Lender shall give Borrower notice of acceleration.The notice shall provide a period " � af not las than 30 days from the date the notice is delivered or mailed within which Borrower m ust pay all aums secured by this Security Instrument.If Borrower fails to pay 4hese sums prior to the expiration of this period,L,ender may invoke any remedie5 permitted by this Security Inssrument without further notice or demand on Borrower. 18.Borrower's Rigl►t to Retnstate. If Borrower meets cenain conditions� Borrower shall have the nght to have enforcement of this Security Tnstrument discontinued at any time prior to the earlitr of:(a)5 days(ar such other period as � applicable!aw may speciiy for reinstatement)before sale af the Property pursuant to any power of sale conta�ned in this � . L Security Instrumtnt;or(b)entry of a judgment enforcing this Security Instrument. "those condit�ons are that $orrower: �� (a) pays l.ender all sums which then would be due under this 5ecurity Instrument and the Note had no acceleration � occurred; {b) cures any default of any other covenants or agreemants; (c) pays all expenses �ncurred in enforcmg thzs �, � Secunty lnstrument, �ncluding, but not l�m�ted to, reasonable�ttorneys' fees; and (d)takes such action as Lender may �� _t' reasanably req�nre to assurt that tht l�en cf th�s Stcunty Instrumeni, Le�der's nghts in [i�e P►oF►erty and Uorrower's . .F,,t obf�gaUon to pay thc sums secured by th�s Serunty ]nstrument shall connnue unchanged l'�n re�nstatement by � � Eiorrnwer,th�s 5ecunty Instrument and the c�bl�gauuns secured hereby shall remain fully ef�ective a��f nu acceleratum had �� ,,F acrurred However;th�s nght tn�e�n�tete�hall nr�t npply in the case of acceleratson under paragraph� I z nr 17 � ,�i� �� �`�'"� ._.._.l �� y,: •r:;