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` � � � a9-- 10692g � If l.endsr rcquired mortgage insu�anca as a candltion o£ making thc laan �ccured dy this Security Instru�nent, Bnrrower shall pay the �remiums r¢quircd to m�intain the incurance in cff'ect until such timc as thc rcquirement fnr the insurance tenninates in accordance with Borrower's and i.ender's written agtament or ppplicable Isw. �. [aspeetloa. Lendor or its asent mey make reasc+nabls eatries upc+n and inspeetic+ns ef the Prepeny. Lender shal! give Bonower notice at the time ot or ptiar to an inspection specifying reason�ble cause for the iaspestian. 9. Co�de�utloa. The proceeds of any award or clalm Por damages� direct or consequential, in connection with any condemnalion or oth:r t�king of any part of' the P�operiy, ar for conveyartce in lieu of candemnation, are hereby assignad and shall be paid to Lender. ln the event af a tatal taking of the Property, the praceeds shall he applied ta the sums secured by this Sacurity Instrument, whether or not then due, with any eacess paid to Borrower. i� the eve�t of a panial taking of the Property. unless Borrower and Lender otherwist agree in writing, the sums secured by this Security Instrument shull be reduced by the xmount of the proceeds mu(tiplled by the following fraction: (a)the total amount of the sums secured immediately before tht tAkiag, divided by (b) the falr market value of the Propeny immediately before the taking. Any balance shap be paid to Borrower. lf the P�operty is adandoned by Borrower, or if. aftcr noticr by Lender to Horrower that the condemnor ofiers to make an award or settle a claim for damages. Honowe� fails to respond to Lender within 30 days after the date the noticc is _. 41VlII. I.li1t1lf 3S AUt�IQT17tf1 �Q COIIM� AO(I ATTIV the �rt�c�v�1¢, at itc ontit�n, �ith�r tn rrct�rati�n �r r�nair �f th�P�o�rny�! to the sums secured by this Security lnstrument, whether or aot then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not e�tend or postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the ainount of such payments. 10. Borroxe� Not Rekaud:Forbearaece By Leede�Not a W�iver. Extension of the time for payment or modificalion of amortiution of the sunns secured by this Security Instrument granted by Len�ler to any successor in interest of Borrower shall not operate to relcase the liability of the original Bonower or Borrower'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 othenvise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the originW Borrower or Borrowet'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 dght or remedy. 11. Succes�os� ud Assl�m Bound; Joiet aed Sevenl Li�bUity; Co-aisee�. The covenants and agreements of this Security lnstrument shall b9nd and benefit the successors and assigns of Lender and 8onower. subject to the provisions of • • paragraph 17. Bonower's covenants and agreements shall be jolnt and several. Any Borrower who co-signs this Security Instrument but does not eaecute the Note: (a) is co-signing this Security Instrument only to mortgage,grant and convey that ' Bottower's intetest in the Property under the terms of this Security lnstrument; (b) is noi personally obligated to pay the o::f:t: �.L•T� �� :Z:ib�.::ij jr3t:iti:ati::� a:,G�. ��j 8$iCCS 2riai �.i:ti3c'i �i3 a��;o.�ici nt'iiiviic7 ut6}� 6$t'cc 2tv eiiittiw'. mvtii�`Y. _ - - forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that ' � Borrower's rnnsent. 12. Loan C6wraq. 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 eaceed the permitted limits. then: (a)any such loan charge shall be reduced by the amount necessary to reduce `; the charge to the permitted limit; and (b)any sums already collected from Sorrower which exceeded permitted limits will 6e -- refunded to Horrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making •; = a direct payment to bortower, if a refund reduces principal.the reduction will be treated as a partial prepayment wihout any � prepay-ment charge under the Note. * 13. Lt�lsfatlon Aftecdea Lender's Wg6t�, lf enactment or expiration of applicable laws has the effect of rendering aay provision of the Note or this Security lnstrument unenforceable according to its terms, Lender, at its option, may require � immedlate paymont in full of all sums secured by this Security Insirument and may invoke any remedies permitted by i paragraph 19. lf Lender oxercises this option, Lender shall take the steps specified in the second paragraph of paragraph 17. : ;,w 1�. Notica. Any notice to Borrower provided for in tb9s Security instrument sha11 be given by delivering it or by � � mailing it by Pust 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 shall be given by first � class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. My notice '�� provided for in this Security Instrument shall be deemeA eo have been given to Borrower or Lender when given as provided in this puagraph. 1S. Govereing Law; Sever�bWfy. This Security instrument shall be governed by fedcral law and the law of the jurisdiction in which the Propeny is located. In the event that any pravisions or clause of this Security lnstrument or the Note conflicts with applicable 1aw, such conflict shall not affect other pruvisions of this Security Instrament or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security instrument and the I Note are declarM Lo be seve:able. � 16. Qarrower'a Copy. Bonower shall be given one conformed Copy of the Note and of this Security Instrument. � 17. Tr*a�ter ot tMe Property or a Beeellcial interest ie Borrowez.If ap or any part of the Property or any interest in it is so2d or transferred (or if a beneficial incerest in Borrower is sold or transferred and $attower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of ali sums secured by this Security Instrument. However. this option shall not be exercised by Lender if exercise is prohibited by federai 1aw as of che Gate of this Security Instrument. if Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provid�a peried of not less than 3�days from the date the notice is delivered or mailed within which the Bonower must pay all sums secured by ,--_-_--=---- thls Security lnsttument. If Borrower fails to pay thtse sums prior to the expiration of this period, Lertder may invoke any � remedies petmitted by this Security instrument without further notice or demand on Borrower. , • ls. �orrower•s Ri��t to Rela�t�te. lf Borrower meets cenain ronditions. Borrower shall have the right to have enforcement of thes Security instrument dlscontinued at any time prior to the earlier of: (a) 5 days (or such other period as . applicable law may specify for rrinstatement) before sale nf the Propeny pursuant to any power oi sale contained in this Security inserument; or (b) entry of a judgment enforcing this Security Instrument. 7hose conditions are that Horrower: (a) � pyys Lender atit s��ms whicjt tAen would be due under this Security lnstrument and the Note had no acceleration occurred; (b) eures any default of any other covenants or agreements: (c) pays all expenses incurred in enforcing this Security Instrument, � intluding, but not limited to, reasonable attotney's fees: and (d) takes such action as Lender may reasonably r=quire to assure �y, that the lien of this Secutity Instrument, Lender's rights in the Property and Borrower's obiigation to pay the sums secured ti � by thic �:carity tnstrument Shail condnue unchangcsl. Upon reinstatement by B�rrower, this Stcunty Instrument and the ��j obligtitinns secured hereby shall remain fully effeciive as if no a;cderation had occurred. Noweti•er, this right to reins�ate �hall ;.4 not apply in ihe case of accelerniion under paragraphs 13 or 17 :, � $ ,�1: .1 . 't ��