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. . ." B8~ ~0306~ If Lender requtred monpge insurance as a condiuon of making the loan' secured tiy this Secunty Instrument, Borrower shaU pay the premiums r>equired to maintain the iniurance in dfect until such time as the requin:ment for the insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law. I. lDIpecdoa. Lender or ill aJCllt may make reuonabJe entries upon and inspections of the Property. Lender sha1I give Borrower notice at the time or 01' prior to QII inspection specifyins reasonable cause for the iIispection. 9. ('~".tioL The proceeds of any award or claim for dam"'l""t direct or consequential, in connection with any condemnation or other takina of any pan of the Property, or for conveyance ill lieu of condemnation, are hereby assiped and shall be paid to Lender. In the event of a total takinS of the Property, the proceeds shall be applied to the sums secured by this Security InstrUJDent, wbcthc:r or not then due, with any exce55 paid ~ Borrower. In the evall of a pania1 taking of the Property, unless Borrower and Lender otherwile qree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the proceals multiplied by the following fraction: <a) the total amount of the sums seeured immediately before the takina, divided by (b) the fair market value of the Propeny immediately before the taking. Any balance shalll:c paid to Borrower. If the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor ofI'ers to make an awud or settle a claim for dam:1ges, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the procc:cds, at its ol'tion, either to I'estoration or repair of the Property or to the sums secured by this Security [l1Itrument, whether or not then due. Unless Lender and Borrowcr otherwise qree in writing, any application of proceeds to principal shall not extend or postpOne the due date of the monthly payments referred to in paragraphs I and 2 or change the emount of such payments. 10. Borrower Not Releued; Fome.ruee Of Leader Not a Wainl'. Extension of the time for payment or modification of amonization of the sums secured by this Security Instrument granted by Lender to any successor ill interest of Borrower slWl nOI operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proc:eedin~ against any successor in interest or refuse to extaId time for payment or otherwise modify amortization of the sums secured by this Security Instrument by I'ClI5OII of any demand made by the original Borrower or Borrower'ssuccesson in intereSt. Any forbearance by Lender in exercising any right or J'CI1Iedy sha1I not be a waiver of or pRelude the esercise of uy right or remedy, lL SaceeIIon ad AaIpI BoaIId; JoIat ud 5nenI UabWty; Co-IlPerL The covenants and agreements of this Security InstrlUDa'lt shall bind and benefit the successon and assigns of Lender and Borrower, subject to the provisions of parasraph 17. Borrower's covenants and agreemcDts shall be joint and several. Any Borrower wbo co-signs this Security Instrument but does not exeeu!e the Note: (a) is co-signiq this Security Instrumcut only to mongage, grant and convey that Borrower'. illterest ill the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) qrccs that Lender and any other Borrower'may agree to cxtcod, modify, forbear or make any aa:ommodations with rqard to the terms of this Security Instrument or the Note without that Borrower's COIIICDt. 11. Loa CaarIeL If the loan secured by this Security InstrUJDCIIt is subject to a law wbicll sets m&QuWD Joan c:harps. and that law is ftnally interpreted to that the interat or other loan charJcs collected or to be co1lectt:d in COIlDCCtion with the 10M esc:eed the permitted limits, then: (a) any such loan cbarJe sba1l be Rduced by the amount a.<<:asar}' tc reduce the cJwae to the permitted limit; and (b) any sums already coUec:tcd from Borrower which nceeded permitted limits will be refUDded to Borrower. Lender may cboose to make this refund by RducinJ the priDcipaJ owed under the Noce or by makina a direct paymcut to Borrower. If a refund reduces principal, the reduction will be treated a!; I partial prepayment without any prepayment cbarze under tbe Note. 13. I ...~ Atrecdaa LeBder'I RJPts. If enactmCllt or expiration of applicable laws has the df'ect of renderiD& any provision of the Note or this Security Instrument unenforceable according to its te:nns, Lender, at its option. may require I!IUI1ediate p&)1Denl in fuD of aU sums secured by this Security Instrument and may iIIvoke any remedies permitted by paragraph 19. If Lender exercises this option. Lender shall take the SlCp5 spec::ified in the second paragraph of parqrapb 17, 14. Nodes. Any notice to Borrower.provided for in this Security Instrument shall be given by delivering it or by mai1ina 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 Iiorrower designates by notice to Lender, Any notice to Lender shall be given by Irst class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice providcII1 for in this Security lnstrumc:nt sba1l be deemed to bave been given to Borrower or Lender ",beD giveD as provided in this parqraph. 15. Go.-., Law; SnenbWt)'. This Security Instrument shall be governed by fedcra1law and th~ law of the jurisdiction in which the Property is located. In the event thai any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conftict shall not deet other provisions of this Security Instnsment or the Note which can be liveD dJ'ect without the conflicting provision. To this end the provisicns of this Security Instrument and the Note arc declared to'be severable. 16. &.l........ 's Copy. Borrower shall be given one confonned copy of the Note and of this Securit~. Instrument, 17. Truster of the Propeny or . 8eHfirial lDtereIt ia Borrower. If aliaI' any part of the Propem' or arJY interest in it is sold or transferred (or if II beneficial intercsl in Borrower is sold or transferred and Borrower is nota natural penon) withoul Leuder's prior written COI1SCDt, Lender may, al its option, require immediate paymenl in full of all sums secured by this Security Instrummt. However. this option shall nOI be exercised by Lender if exercise is prohibIled b~' fcdera1law as of the date of this Security lnstrumenL If Lender exercifles this option, Lender shall give Borrower notice of acce1eration. The notice shall provide a period 0{ noIleu tb..- 30 days from the date the Darice is delivered or mailed within which Borrower must pay all sums secured b~' this Sel:v.rity lllSUWDCDt. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke an:; mnecties permitted by this Security lDstrument without funber notice or demand on Borrower. II. .U.......11UPt hi D_ If Borrower meets cert.aiJl conditions. Borrower shall have the nabl 10 hav~ mfon:aneat of this Security InstrumcDt diIcoatinued at any time prior to the earlier of: (a) S daY' (or IUdI otbef period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security IDltnllDeDt; or (b) entry of. jllClpenl enforciD. this Security lnstrumenL Those conditions arc that &nower: (a) peys LeAder alllWDl whiclt tbea would be due under this Securitylnstrument and the Note had no accderation ca:umd: (b) cura any dd'ault of an)' other CCIVCIWlb or qreementa; (e) pays all eJtpenscs incurred in enforciol this Security Instrumenl, inc1udins, but not limited 1O, reuonable at1omeys' fees; and (d) takes such actiOl1 a!; Lender may reasonably require 10 assure thai the lien of this Security Instrument, Lender's nahu in the Property and Borrower's obliption to pay the !;um~ ~ured by tbis Security Instrument shall continue unchanae<J. l1pon reinstatement b~' Borrower. :blS Securily Inslrumenllnd the obligltions secured bereb)' shall rernain fully eft'ecli\'c: L' If no accele\1llton had lXcurred Ho"'~\'er. Ihl\ nihl 10 remsUIlc: shall not ftpply In the cue of acceleration under r3rngrnrh, 1 ~ fiT I"