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87- .102308 r If Yt�� mature insurance u a condition of making the loan secured by this Security instrument, 1 o Day Premiums required to maintain the Insurance in effect until such time as the requirement for the insurance taminasn fa accordance with Borrower's and Lender's written agramrnt or applicable law. •• flrgaellM. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall 1111" Borrower notice At the time of or Prior to an inspection spocUy� reasonable spec for the inspection, a ropert Proceeds of any award or claim for damages, direct or consequential, in connection with any ing of any part of the Property. or for conveyance in lieu of condemnation, are hereby assigned and condemnation i Paid to Lender. In the event of a total taking of the Property, the proceeds shall be applied l�rtttaps, whether or no then due, with an extxns a cv to the sums secured by this Security unfesa Borrower and Y Paid to Borrower. la the event of A partial taking of the Property, Lender otherwise agree in writing. the stuns secured by this Security Instrument shall be reduced by the amountdWthe proceeds multiplied market the value off the fraexltrtt: (a) the total amount of the sums secured immediately before the of taking, divided by (b) the fair market value of the Property immediately before the liking. Any balance shill be paid to Borrower. If the Property is adandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to given. Lender is authorize make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is d to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the susen secured by this Security Instrument, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or Postpone the due date of the monthly Payments referred to in Paragraphs 1 and 2 or change the amount of such payments. p. Be a— Not Reltisd; ForYeeraee BY Lemmtler Not a Waiver. Extension of the time for payment or modification Of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate 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 to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's sttcce$M' i t interest. Any forbearance by Lender in exercising any right or remedy shall not be a waive of or Preclude dine exercise of my tight or remedy. 11. -4 P. aaas mart AMIM Masud; Jotar seed Severn) LI"O, C Security Instrument shall bind and benefit the s o'MNers• The covenants and agreements of this Patttflx� 17 successors and assigns of Lender and Borrower, subject to the provisions of Borrower's tovenants and agreements shall be joint and several. Any Borrower who co -signs this Security larruesent but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in 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) agrees that Lender and any other Borrower may AS to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 12- Loan Charges• If the loan secured by this Security Instrument is subject to a law which sets maximum loan changes• And that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the ban exceed the permitted limits, then: (a) any such ban charge shall be reduced by the amount necessary to reduce the charge to the Permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal a direct Payment to borrower. If a refund reduces pal, the reduction will be treatd owed A under the Note or by making Prepayment charge under the Note. principal, Pa prepayment wihout any Aftsellag Ladder's Rights. If enactment or expiration of applicable laws has the effect of rendering any Providat of the Note or this Security Instrument unenforceable according to its terms. Lender, at its option, may require m runediata Payment in full of all sums secured by this Security Instrument and may :nvoke any remedies permitted by Paragraph 19. If Lender exercises this option. Lender shall take the steps 11. Netlese. Any notice to Borrower r ^pecified in the second paragraph of Paragraph 17. provided for in this Security Instrument shall be given by delivering it or by entailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address on any other address Borrower designates by notice to class ma Lender. Any notice to Lender shall be given by first il to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice Provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as Provided in his Gows Law, SevaablIlty. This Security nstrument jurisdiction is which the Y shall be governed by federal law and the law of the Property is located. In the event that any Provisions or clause of this Security Instrument or the Note conflicts with SPPl+=W law, such conflict shall not affect other provisions of this Security Instrument or the Note why can be Owen effect without the conflicting provision. To this end the Provisions of this Security Instrument and the Note arc declared to be severable. K B"'"ar's CPY• Borrower shall be given one conformed Copy of the Note and of this Security Instrument. 17. Treader K Net is sob or t P—perty K a Besefklol hssaess k Mnowar. If all or AnY Part of the Property or any interest in it transferred (oe if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) witho& Lender's Prior written consent, Lender may, at its option, require immediate payment in full of All sums secured by thin Sec of his Security However' this option shall not be exercised by Lender if exercise is prohibited by federal law u of the dents of this SACUrity Instrument. If Lender exercises this option, Lender shall give Borrower notice of Acceleration. The notice shall provide a period of aot less tftasn 30 days from the dots the tAT is delivered or mailed within which the Borrower must PAY all sums secured by tilis Seel *y l+Mra mast. if Borrower fails to Pay these sums prior to the expiration of this period, Lender may invoke any t PK:ri W by t1� J@M Security Instrument without further noose or demand on Borrower. or tMt Security lest Raime t kdiscotti�owar �� CD`dItXms- Borrower shall have the meets right to have Ipv may W fY for re(nstater,enp before Y prior to the earlier of: (a) S days (or such other period & 1r NOMOentt or (b) entry f a ' seek of the Property Pument. to any power of sale contained judgment in this Imo. L,srdu all sum which then would be due under this Security Instrument and the Note had no conditions are that Borrower: (A) . t dHauk of any otlto► covenata a atlnraeet+u; (c) Pori au incurred aeakrAtron occurred; (b) W**d & bar. sot limited to, reneOn a attorney's less; And (d) takes shish aacction u Lender nay Mreasonably this b curing t0strument, '*M Mee )fan Of eflk Sesutky instrumsat. Laddar'a .rights is the Property and Borrower's obligation to require to &sure by ells - %ewity instrument sbaR continue uochs"Id. Upon reinstatement by Borrower, this Seccfity Instrument rusar duth Oblipain"s saOu"d shag remain fully effective as ff no kceleration had occurred. However, this right "" apply In time nose of &M** ion under PWW&Phs 13 or 17. to reinstate shall I