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88-104841 " LiWlder ~nd moc1f11gct ,".uran~ I' . condition of mllklng the loan secured by the Security Inatrument, Borrower l!han pay the premuml required to mattUn the k"urance In effect. unUl such time aa the requirement for the Insurance tmmlnlllclI In accordance wl1h Borrower's .nd londor'. wrttton ag<emenl or .ppIcIb;o low. 8. In....CUon. L,w1P!r_'!' R~_.agonl may moko ....ooolll. entri.. upon and In.pectlon. of th. Property. Lender sh.1I gl,. Borrower noue. attha tlmo 01 or IQ.... inopoctIon opooIIytng ....oo.ble cou.. for tho Inspection. 9. Condamnatl II ~. ~ ...an'l' award or c&aim for damages, direct or conaaquenUal. In connection with any condemnation or other taking 01 any ~. ~ - C8 In U8'J of condemnation, are hereby Isslgneet and shall be paid to Lender. In the fMIf1t of . total taldng 01 the Property. 1 . proceeds shaD be appned to the sums secured by this Security Instrument. whether or not "*' due. with any exceu paid to BOITOwer. In the IIVent or . partial taking of the Property, unless Borrower and lender otherwise ._ In~. th. sums ..all.t by this Security Instrument shol b. reduced by th. omount ofth. proceeds mulUplled by tho following fraction; (a) th. toW amount oflh. suma secured lnunodlotely before th. laking. divided by (b) tho IsIr meri<ol v.lu. of th. Property _teIy before th. tokIng. My boIonco shall be poId to Borrow.... " the ~ is abandoned by Borrower, Of If. after notice by Lender to Borrower that the condemnor offers to make an award or sBlUe . claim for damIIge!. Borrower faRs to respond to Lender within 30 days after 1he elate the notice Is given, Lender Is lIuthortzed to coIect III1d apply the proceedtJ, at its option, either to restoraUon or repair of the Property or to the sums secured by this Security InsbUment. whether or not then due. UnJess Lender and Borrower othetWtse agree In writing, any appUcaUon of proceeds 10 principal shall not exlend or postpone the due date of the monthly payments relerred to In paragraphs 1 and 2 or change the amount of such payments. 10. Sorrower Not Released; Forb.arance By I.8nder Not a Waiver. Extension 01 tho time lor poyment or modfficatlon of amorti:2tion of the sums secured by this Security Instrument granted by Lender to any successor In interest of Borrower shaD not opeme to reIoae the lability 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 to extend time for payment or otherwise modify amortization of the sum! secured by this Security InlbUment by reason of any demand made by the original Borrower or Borrower's successors In Interest Any forbearance by Lender In exercIalng any right or remedy shaD not be II waiver of or preclude the exercise of any right or remedy'. 11. Succ...OI'll and Assign. Bound; Joint and Several Uablllty; Co-slgners. Tho covenants and .greomenta of this Security Instrument shall bind and beneflt the successors and assigns of lender and Borrower, subject to the provisions of paragraph 17. BDIT'OWer's covenants and agreements shaD be joint and several. MY Borrower who co-signs this Security Instrument but does not exearte the Note: (8) Is co-s1gnlng this Security Instrument only to mor1gage, grant and convey that Borrower's Interest In the Property under the terms 01 this Security Instrument: (bl Is not personally obligated to pay the sums secured by thi:s Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations whh regard to the terma of lhla Security Instrum~t Of( the Note whhout lhat BOlTOWer's consenl 12. loain Cherg... If the loan secured by this. Security Instrument Is SUbJect to 8 law which sets maximum loan charges. and 1hat law Is finally Interpreted so that the Interest or O1her loan charges collected or to be collected In connection with the loan exceed the permitted IIrftta, then: (a) arf'/ such loan charge shaH be reduced by the amount necessary 10 reduce the charge to the permitted llmh; and (b) any sums ....dy coBected from Borrow. whk:h exceeded permitted limits win be refunded to Borrower. Lender may chooSllo make this refund by reducing th. pmclpol owed und... th. Not. or by maldng . direct poymont 10 Borrowar. If a refund reduces pmclpal. the reductkm wiI be .,.ted as a partial prepayment wtthou1 any prepaymenl charge under the Note. 13. L8gIaI.uon AffecUng Land.r'. Rights. If ....ctmant or oxplroUon ofoppllcoble lows h.. tho oftect of rendering .ny provision of the No1e or this Security Instrument unonforceabl8 according to Ita t~lI. t'1'lr'l'I<<, at hi option. rNlY require Immediate payment In ful of d sums aeaned by thls Security Instrument and may invoice any IlIf1ledles permme.: .' j' D..-graph 19. If Lender exerdses this ~. Lender shol toke .ho atopa spocIIIod In tho second porogroph of porogroph '7. 14. Nolle... Any notice 10 Borrower provided for In this Security Instnlmenl shall be given by aen""ering It or by maiUng h by f\rIt class tmI unless appUcabte law requi'ea use at another method. The notice shaU be directed 10 the Property Address or any other address BOffO't'I8' designates by notice to Lender. My notice to lender shaD be given by ftrat c1us maU to leodl!ll"S address stated herein or any other address Lender designates by notice to Borrower. My notice provided for In this Security Instrument shaH be deemed 10 have been giYon to BllfTOWar or Lender when given .. provided In this pore_h, 15. Gov.mlng Law; s.v.rablllty. This Security Instrument shall bo governed by fed....llaw and tho law of th. jurisdiction In which the Property Is located. In the event that any provision or clause 01 this Security Instrument or the Note connlcts with appDcablB law, such con1Uct shall not afleet othl!ll' provisions of this Security Instnlment or the Note which can be given effect wtthout the connlctlng provision. To this end the provisions of this Security Instrument and the Nole are dedared to be lIeverab~. 16. Borrower'. Copy. Borrower shall be gtven one confonned c:opy of lhe Note and of lhls Security Instrument. 17. Tranllfer 01 the Property or . S.nllficlal Inter.at In Borrower. If all or any pm ot tho Property or any Inl.....t in h is so&d or tnlnsfcmMi (or H a benl!lficilllnteresl in Borrower 1s sold or transferred end Borrower Is not a natural person) without Lender's prior wrttton con""" Lender may.ot Its option. require ImmodiIIt. poymant In full 01 01 sums secured by this Security Instrument. HoweYer. this option shoI not be _ed by Lender W exorciso Is prohibited by t_ law .. ot tho date of this Security Instrument. If Lender exerdses 'IUs option, Lender shaD tjve Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the dIte the notice Is delvered or maled whhln which the Borrower must pay aU sums secured by this Security Instrument 11 Borrower tala to pay these sums prior to the expn1ion 01 this period, Lender may Invoke any remedies pennmed by this Security Instrument without further notice or demand on Borrower. 18. Borrow.;'. Right to Reinstate. If Borrower meets certain condlUons, Borrower shaD have the right to have enforcement of thiI Sec:urtIy lnstrument cIscontinued at any tine prior to the earfler of: (8) 5 days (or such other period as applicable law may specify for ....11atemeIrt) beCore uIe 01 the Property pursuant to any power of sale con1alned In this Security Instrument; or (b) entry or a judgment II1fordng thls Security Instrument Those conditions are that Borrower: (I) pays Lender aU sums which then would be due under this Security tnstrwnen1 and the Note had no accaleration ocaJrred; (b) cures any default of any olher covenant or agreements: (c) pays aD expenses incurred k1 ..ton:i1g thla SKurIty Instrument. including, but not lmIled to, reasonable attomeya' fees; and (d) takes such 8ction .5 lender may ~ require ta UIUI1II that the lien of this Security InlbUment. Lender's rights In the Property and Borrower's obUgation tD ~ the IUm& !I8ClU1JIC1 by lhII security Instrument ,haI continue unchanged. Upon reinstatement by Borrower, this Security Instrument IIf1d thl obIIgIdIanl secured hereby ahal I"tlfT1U1 fuly enedtve as If no acceleration had occurred. HoweYer, this right 10 reinstate shall not oppIy In Ihe ..... of .ocoIorolion under ponIgrophs t3 or '7. PIIOtl J 01 4 n]'f.CTllOl.-, ;llD1Eie111