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87--o 103019 If Leader required mortgage insurance as a condition of making the loan secured by this Security Instrument, 1 ' .Borrower sw pY the premiums required to maintain the insurance in effect until such time as the requirement for the dnsuraace terminates in accordance with Borrower's and Lender's written agreement or applicable law, g Leader or its agent may make reasonable entries upon and inspections of the Property. Lender shall i tine Borrow" no" al the time of or Prior to an lna ecd pactim apfyhag reasonable cause for the i g' ' The proceeds of any award or claim for dam Mpection' condemnation of other taking of any part of the Pro ° direct or consequential, in connection with any and shah be paid to LaWer. PertY. or for conveyance in lieu of condemnation, are ecteby assigned In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by thia Security laxrumism, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property, anlsm Burrower and Leader otherwise agree Gan writing, the sums secuied by this Security In shudl be reduced by the amount the ptaards muhiptied 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 Borrower. before the taking. Any balance shag be paid to i If the Property is adandoned by Borrower, or if, after notice by Lender to Borrower that the .-ondemnor offers to If the make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the notice is given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of I to the sums secured b the Property this Security Instrument, whether or not then due. or I 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 I and 2 or change the amount of such payments. le. aorre"w Net Lideamd; Forbearanaee BY L WW 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 successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or prcehde the exercb of ANY right or remedy. 1t. Suaeasere "d Asalpa g)aNW; JNot sad Several 1JabMMy; C Security Instrument shelf o nder a. The covenant: and agreements of this bud 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 several. 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 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 agree to extend, modify, forbear or make any Accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's caner. 12. Loan Cinargar. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Iwo exceed The permitted limits, then; (a) any Permitted such loan charge shall be reduced by the amount necessary to reduce the charge to the Permied it; and (b► any sums already collected from Borrower which exceeded permitted limits will be refunded to Barrawer . Leader may choose to make this refund by reducing the principal owed under the Note or by making A direct Payment to borrower, If A refund reduces principal, the reduction will be treated as a Partial Prepayment wihout any PfeMYment charge under the Note. 13. Iwp)rsfagoa Aff eft Leader's Rtghts. If enactment or expiration of applicable laws has the effect of rendering any Provision of the Note or this Security Instrument unenforceable according to its tams, Lender, at its option, may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies permitted by Paragraph 19. If Lender exercises this option. Lender shall take the steps specified in the second Paragraph of paragraph 17. H• Nopeas. Any natiee to Borrower Provided for to this Security Instrument shall be given by delivering it or by malting it by first class mad unless applicable law requires use of another met Property Address or any other address Borrower deaig hod. The notice shall he directed to the natea by notice to Lender. Any notice to Lender shall be given by first class Mail to Leg's address stated herein or any Other address Lender designates by notice to Borrower. Any notice provided for in this Secunty Instrument shill be deemed to have been given to Borrower or Lender when given as provided in this Paragraph. IS. t Law; MIt . This Security Instrument shall be governed by federal law and the law of the jurisdiction ote ictiota in which the Property is located. In the event that any Provisions or clause of this Security IMtruraeaI or the Nee conflicts with law. such conflict shall not affect other which wee be given effect without the cots provisions of this Security Instrument or the Note Note are declared to be severable conflicting Provision. To this end the provisions of this Security Instrument and the K. BusrwePs Cop• Borrower shall be given one conformed COPY 17. Try M at lr*p"Iy er a base if all or any of the Note and of this Security Ian rumens. is sold ot transferred (ot if a berxfcud interest m ewer i or transferred transferred aril a�R Property a any interest in it without Lender's prior written consent, Lender may, At its ewer is not a natural parson) t� Security l However, tliis option, require immediate payment in full of Rif sums secured by the date of lima sheens not be exeress0d by Leader if exercise is Prohibited by federal law as of If _Security instrument. rota leas 1 exrCiah this option. Lender shall give Borrower Mice of acceleration. The notice shall pxovi� a period of dam from the date the notice b delivered or mailed within which t1x Borrower meat pay all wms accused by tea Security ! . If Borrower fads Ice Pay these surer, txrmhtted by t1 Setwit 1 prior [o the expiration of this Period. Lender may invoke any Y Instrument wihout further Mice or demand on Borrower. "forciasm Of this 1R N M1aa1Ne. If Borrower meets certain conditions. Borrower shall have the right to have applissisis Y Inunmeent discontinued at any time prior to the earlier of: (a) S days �t tfy fee ProPert Y Pursuant loan Ys (or such other sale ea (b) entry of a ' ) e nfotcing of Security Instrument. Those Dewar of seek ca it this S*Mwft Pea Lewder aN a which than wmild be dtw uOtddtians are that Borrower : (a) e m rod lit ot wrier this Sepergy fianrwnaat and the tHWe had no acceleration occurred; (b) ens (o, afttee tats: (c) Days all incurred in eaforcirtg this Security Inatrumew. Asia Me lien of this altorasy's fees. -W (d) takes such Action as Lendtf y . Leader's rights in the Property all Borrower'sY r bly require to uaure this Y I Uplm r ' liestum to pry the soma secured hereby a" "Musin tub eftlteHve sari if no t TOiaer• this Security instrument and fix M in the cam of Atioa occwred. However. this right no reinstate shall paragraphs !3 of I ?. 1� R