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(' if Lender 87- -102885 required mortgage insuurannce as a condition of making the loan secured by this Security Instrument, Borrower shall P. the premiums required to maintain the insurance insurance terminates in accordance with in effect until such time as the requirement for the I. Borrower's and Lender's written agreement or applicable law. Im"acden' Lender or its agent may snake 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. � The Pis of any award or claim for damages, direct any or consequential, in Or other taking of any part of the P � connection with assigned and shall be paid to Lender . property, or for conveyance in lieu of condmMilition. are hereby In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security 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 slims secured by this Security Instrument shall be reduced t by the amount of the proceeds multiplied by the following fraction: (a) the before total amount of the slims secured immediately 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 claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given. Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sums secured by this Security Instrument. whether or not then due. Unless Lauder and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone 0the duHerr»wa o� monthly payments referred to in paragraphs I and 2 or change the amount of such payments. Payment or modification of amortization o sums byythis Lender Not Instrurument granted Extension y Lend Lender interest of Borrower shall not any operate to release the liability of the on Y uccessor in Lender shall net be required to commence original Borrower Borrowers successor interest. Proceedings t against any successor in interest or refuse to extend time for WYmmtorothtnwisemodif d Y amortization of the suns secured by this Security Instrument by reason of any demand made by the origirul Borrower or Borrower'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 right or remedy. 11. Saeeasa m and AnIM Bomd; Joint arced Se,.owal this Security Instrument shall bind and I.iaWiM iC"glimm The covenants and benefit agreements of Of Paragraph 17. Borrower's covenants and successors and assigns of Lender and Borrower, subject to the provisions Instrument but doer execute the Nee: (a)af5rmments shall be joint and several. Any Borrower who co-signs this Security that Borrower s interest in that c"Ping of this Security Instrument; Instrument only to mortgage, grant and convey the sums secured �P�Y under the terms of this Security lrutrument; (b) is not personally obligated to Instrument; >. pay a� (e)agrees that Lender and any other Borrower* may agree to extend, may. forbear or make any cc that Borrower's context. Y ��regard to the terms of this Security Instrument or the Note without 11 law Cbergas. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, and that law it finally interprated so that the interest or other loan charges collected or to be collected in eta. : (a) any such loan charge shall be reduced by the amount nscwary to reduce charge to the Ptxmirted liaats will be pumttted limit, and (b) any suns already collected from Borrower which exceeded o may choose to melee this refuted by reducing the Principal owed under the N� or by making diraxa Paid prepayment without my preps Pa me t o Borrower. If a refund reduces principal, the reduction will be treated as a charge under the Note. 13. LaQaiatlae t innsiar's tea, If mmtmeet or expiration of applicable laws has the effect of Proviescin m readmisig a� of the N� ur � Security Inuru nmt unenforceable r rpm according to its terms. Lender, at its option, P &Y reed Payment in full Of all sums secured by this Security Instrument and may invoke any remedies Paragraph Paragraph 19. If Lender exat ises this option. Lemma shall take the steps specified in the second paragraph of 14. blades. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by PMPCrty mailing by first cLss mail unless applicable law requires use of another method. The notice shall be directed to the 6ru class [nail o ur eny add Borrower ices by notice o Lender. Any notice to Lender shall be given by Letnder'i stated herein or say other address Leader designates by notice to Borrower. Any notice y Insert in for is this Security Instrument shall be deemed to love been given to Borrower or Lander when given as provided jurisdiction in mini"tlK w' wry. This Security Y that Instrument shall be governed by federal law and the law of the is � ' the event that any Note coanftu with Applicable provision or clause of this Security Instrument or the is pp6abk law' such conflict shalt not affect other provisions of this Security Instrument or the Note given effect without the conflicting provision. To this Notecan cl Note are declared to-be severable. end the provisions of this Security Instrument and the lul;. Boewer's COPY, Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Treader of the Property or a Benefield Interest in Borrower. If all or an interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is no a natural Person) without Lenders Prior written consent, Lender may, at its option, require secured by immediate this Security Instrument. However, this payment in full of all sums federal law ss of the date of this Security Instrument. option shall not be exercised by Lender if exercise is prohibited by If Lander exercises this opt=. Lmder shall give Burrower notice of acceleration. The notice shall provide a period Of not less than 30 days from the date the notice is delivered or mailed within which Borrower must this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this 1 #Y all sums secured by remedies Permitted by this Security Instrument without period, Lender may invoke any further notice or u llel�utda. If demand on Borrower. Bawer mats certain conditions. Borrower shall have the right to have t of this Security Instrument discontinued at any time prior to the earlier of- (a) S days (or such other period as aPPhc&bk lasv may aP"`* for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security lmuwnmt; or (b) entry of a judgment enforcing this Security Instrument. Thole conditions are that Borrower (a) Pays Leader ail sums which than would be due under this Security In and the Note had no aeBorruicm occurred; (b) taros any default any other covenants or agreements; (c) pays all expenses incur in enforcing this Security Instrument, including, but not limited o. rasonabk attorneys, as Y require to assure that the lion of this Security Instrument. Lender's rights in he Propertyta Borrowers obligation to Pay the sums secured by this Security Instrument shall continue unchanged. upon reinstatement by Borrower, this Security Instrument and the obligations secured hereby occurred. shall remain fully effective as if net acceleration hat However. this right to reinstate shall not apply in the case of acceleration under paragraphs 1 ? or 17