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I l 88-- 101130 If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument, Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the insurance terminates in accordance with Borrower's and Lender's wrilten agreement or applicable law. S. Inspection, Lender or its agent may make reasonable entries upon and inspections of 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 or claim for damages. direct or consequential. in connection with any condemnation or other taking of any part c~ the Property, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Securily Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (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 by Lender to Borrower that the condemnor offers to make an award or settle a cl8lm for damages. Borrower fails to respond to lender within 30 days after the date Ihe notice is given, Lender is authorized to collect and apply the proceeds, at ils option. either to reslOration or repair of the Property or to the sums secured by thIS Security Instrument. whelher or not then due_ Unless Lender and Borrower otherwise agree in writiug, any application of proceeds to principal shall not extend or postpone the due dale of t he monthly payments referred to in paragraphs I and 2 or change the amount of such payments. 10. Borrower ~ot Released; Forbearance By Lender ~ot a Wail'er. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any '\uccessor in interesl of Borrower shall not operale to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse III extend time for payment or otherwise modify amortizalion of the sums secured by this Security Instrument by reason tlf any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercismg any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 11. Successors and Assigns Bound; Joint and Several LiabiIit)"; Co-signers. The co\enant" 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 se\'eraL Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's intert..'Stlll the Property under the terms of this Security Instrument: (b) is not personally obligated to pay Ihe sums secured by this Security Inslrument: and (c) agrees that Lender and any other Borrower ma} agree to extend, modify, forbear or make any accommodations with regard to the lerms of this Security Instrument or the Note without that Borrower's consent. 12, Loan Charges. If Ihe loan secured by this Security In~lrument is subject 10 a law whIch sets maximum loan charges, and that law is finally illlerpreted so that Ihe interest or other loan charges collected or to be collecled In connection with lhe loan exceed the permitted limits. then: (a) any such loan charge shall be reduced by the amount necessary to reduce tlte charge 10 the permitted limit; and (b) any sums already collected from Borrower ",'hich exceeded permitted limits will be refunded to Borrower. Lender may choose 10 make thIS refund by reducing the principal owed under the Note or by making a direct payment 10 Borrower- Ira refund reduces principal. the reduction will be treated a.. a partial prepaymelll without any prepayment charge under the Note. 13. Legislation Affecting Lender's Rights. Ir enactment or expiration of applicable laws ha.. the effect of rendering any provision of Ihe Note or this Security Instrument unenforceable ~cording to Its terms. Lender. at its option, may require immediale payment in full of all sums secured by this Security'fnstrumelll and may Ill\oke any remedies permitted by paragraph 19. If Lender exercises this option. Lender shall take the steps "pt.'Cified In the second paragraph of paragraph 17. 14. ~otices. Any notice to Borrower pronded for in this Secunty Instrumelll shall be gi\"en by ddl\enng II or hy mailing it by firs! 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 10 Lender. Any notice 10 Lender shall be gi\en by first class mail to Lender's address stated herein or any other address Lender deslgnale!> by notice to Borrower. Any notKe provided for in Ihis Sccurity In"lrumenl shall be deemed to have been giwn to Borrower or Lender when given as provid~'d In this paragraph. 15. Governini: Law; Severability. Hns Secumy Instrumelll shall be go\erned hy fl'deralla\\ and the la\\ of Ihe jurisdiclion in which the Property is located. In the e\ent Ihat any pro\ ISlOn or dau"e ,If IIIIS Security Instn:ment or the Note conflicts with applicable law, such conflict shall not affecl other pro\ISIOnS of tIll" Sl'\.'unly Instrument or Ihe :-;ote which call be given effect without the conflicting proviSIOn. To thiS end the pro\ I\lOns of thl' S~'\.'uflly Instrument and Ihe Note are declared to be severable. 16, Borrower's Copy. Borrowcr shall be given one l'tlllformed C0py of the "Ole and of tillS Security Instrumenl. 17. Transfer of the Property or a Beneficial Interest in Borrol\('r. If all ,Ir any r,an of the Property or any mterest in it is sold or lransferred (or if a beneficial Interest m Borrower IS "old or tramfl'rr~'d and Borrowcr IS not a natural person) withoul Lender's prior written consent, Lender may, at lis option, reqUIre nnmediate payment III full of all sums secured by thiS Security Instrument. However. thiS option shall nOI be exell'lsl'd hy Lender If exerc"e IS pfllluhlled by federal iaw as of the date of this Security Instrument. If Lender cxerclses this option, Lender shall gi\c Borrower notice of accelera'lon. lhe IHltlce shall prll\ Idl' ,I penl'd of nolless than 30 days from the date the notice is deliwred or mailed wilhlll \\ hlch Btlrro'\ er lIlust pay all 'UI1lS senlrl'd hy this Security Instrumcnt. If Borrower fails to pay these "urns pnor to the expiration of Ilus l'l'nod. Lender lIlay 111\ oke any remedies permitted by tlus Security Inslrument without further notice or dellland on Borrower. 18, Borrower's Right to Reinstate, If Borrower meels certalll c'lndllllllls, Borflmer ,hal! h,l\e Ihe nglll 10 ha\e enforcement of this Security Instrument discontinued at any time pnor 10 the earlier of (a) ~ days (or ,udl ,>lhl'r pl'nod as applicable law may specify for rein"talemenll bcfore sale of Ihe Pwpeny pur'uanl 10 any pOl\l'r of ,ak ..(lIlI,lIl1ed III 1111, Secunty III"trumellt: or (b) entry of a Judgmelll enforcmg Ihl" Secunty 1.I\lrulllelll Th'l,e ..'<llH.hlltlll' ;II, Ihal BOrrPl\er (a) pays Lcuder all sums which then would be due under Ihl" Seeunly In,lrument and Ihe 'ole had II" 'll'..t'lnallon o':curred; (b) cure" any default of any other covenants or agreement\. (CI pa)' all e\pen'c' IIlcurrcd III enfoll'lIl/! till' Securlly In\lrUOll'!ll, Illcludmg, but not hnllted to, rea\onable altornevs' tt'e\. and It!) ta~c' such 'lcllOIl ..' I.enlkr' 111,1\ reasonably require 10 a\\ure that the hen of tlm Seeunt} In\lrUlllenl'. Lender', r1l!hh In Ihe PIOpnl) ,II III lIorro,\el< ohhgallon to pay the sum\ \ccured by Ihls Senmly IIl\trulllent ,hall l't\ntllllll' 1II1,h,1I1l!ed lpon !CII\'I;.Il'nh'l\l hI Borro\\er. 1111\ Securlly In"lrulllellt and the ohligallom secured here h) ,hall 1,'110.1111 fulh d1"e..ll\l' ..' II !h\ ,.",'I.-I;llh\1\ h;ld ,It:t"llrretl !I 0\\ e\ n, 1111, nght III relllslate ,halll\ot appl) III I he laSe of a,,,.lc! "11"11 ulldel !'.\I.I/!l;lplh 1 ; "I i- r'--. / h .' , '.