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a If Lender 87 1 () �t j o Borrower shall required mortgage insurance as a condition of making the loan secured by this Security Instrument, pay the Premiums required to maintain the insurance in effect until such time as the requirement for the insurance terminatss in accordance with Borrower's and Lender's written agreement or applicable law. 8. . Lender or its agent trite shall give Borrower notice at the time of ur tier to an inspection entries upon and inspection $ of the Pr !. P paxtion specifying r able cater for the inspection. rty, i ender The proceeds of any award or claim for any condemnation or Other taking of an damages, director consequential, in ion with g Y Part of the Property, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to bender. In the event of a total taking of the Property, the proceeds shall be applied to the sums secures! lnn:trttment, whether or not then due, with an c by this Security unless Borrower and Lender otherwise agree in wri g sums secured by th s Security Instrument shall be reduced by the amount of the r P�ial taking of the Property, p proceeds multiplied by the following fraction: (a) the total amount of the sums secured e red diately before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balam shall be paid to Borrower. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers be make an award or settle a claim for damages, Borrower fails to respond to Lender within w 30 days afar the date the notice o 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 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 10. Borrower Not Released, F payments. modnficatnon of amortization of the sums or By Leader Security Instrument Extension of the time for payment or Lender shall row shall not operate to release the liability of the original Borrower r Borrower`s successors any s in inter in required to commence proceedings against an s in interest. Payment or otherwise modify amortization of the sums secured by this Security rity instruments or refuse to extend [dine for by original Borrower Borrower's successors in intent. An for Y reason of any demand made shall not be a waiver of or Y forbearance by Lender in exercising any right Or remedy 11. lisle the exercise of any right or remedy. this Secttri Joint sad Sereral I.iabliity; Co- signers, The covenants and agreements of Of ty taturumeot shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions Paragraph 17. Borrower's the covenants aate agreements shall be joint and several. Any Borrower who co -signs the Security Instrument but does that Borrower's interest in the P grain this Security Instrument only to mortgage, grant and convey the sum: secured Property under the terms of the Security Instrument; (b) u not petsonaljs obligated to pay modify, forbear o rmak an Security Instrument; arid (c) agrees that Lender and any other Brower me agree to extend, Y accotnrtaadauons with regard to the terms of this Security Instrument or the Note without Hutt Borrowers consent. c it boas sties. If the loan secured by this Security Instrument s subject to a law which sets maximum loan barges, and that law is finally interpreted so that the interest o other loan charges collected or to be collected in aeotaxary to reduce the c � Permitted limits, then: (a) any such loan amount Permitted limits will be harms to the permitted 'nit; and (b) any sums already shall which the under the Note or by making a direct payment to Borrower. choose to make this refund by reducing the principal owed prowl Prepayment without any er. e a refund reduces principal, the reduction svi0 be [traced a 13. Y PrePganernt charge under the Note. any pronto off to s Rjots. If enactment or expiration of applicable laws has the effect of Note or this Security Instrument unenforceable according to its terms. Lender. at its option, �y require ianmsdiate payment in full Of all sums muted by this Security Instrument and ttuy invoke any remedies Paragcted by Pors�aph 19. if Lender exercises the Paragraph 17. °Peon• Lender shall take the steps specified in the second paragraph of msiMg Natl�s. Any notice to Borrower Provided it by first class mail tames applicabk law �� use a another �Security method. shall be given by delivering it or he by Property Address or any other addrtt Borrower method. The notice dull s directed a the >lru glees tail to Letuler's address stated Mein o an Other by to Lender. Any notice to e Lender shall be given by inpided fa� la this Security instrument :haul be dteaned to have been �vea�i tro Vitus by notice to Borrower. Any notice ale ewer or Lender when given as provided this 1�Ph Law; gist'. Thin Secant Instrument the law of the I in which the Property is located. In the event that any provi�stonof clause of thisedSecunty Ins[ rurrnent or the Note conflicts with applicable law, such conflict shall ,lot affect other provisions of this Security Instrument or the Note which can cl given beat without the conflicting provision, To this end the provisions of this Security Instrument and the Note are declared to be severable. 16. Borrower's Cit'lly Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property or a Beneficial In' interest in it s sold or transferred (or if a ben eficial interest r Borrower d or f alllsor an and Borrower the is not a natural peasotn) without Y part of the Property or any Lender's poor written consent, Lender may, at its option, require immediate payment in full of all sums federal by this Security of Security However, this option shall not be exercised by Lender if exercise is prohibited by federal law as off the date one this Security Instrument. If Lender exercises this option Lender shall give Borrower notice of acceleration. The notice shall provide a period Of kss than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Secwnty Instrument. If Borrower fails to pay these sums r paantcted by this Security Instrument without further notice a expiration of this period, Lender may invoke any 111. borrower's R'Bht to Rebut*. If Borrower meeu demand on Borrower. c"o Of this Security Instrument discontinued at an time conditions, Borrower shall have the right to have law Y specify for reinstatement) Y prior to the earlier of: (a) S days (or such other period as Security Instrument; or (b di.a udilme before sale of the Property pursuant to any Power of sale contained in this (aj ) entry j grtnent enforcing this Security Instrument. Those conditions are that Borrower: Pays at! soma which then would be due under this Security Instrument and the Note had no acceleration occurred; (b) cum any default of any other covenants or se;reernents; (c) utity instrument, including, but not limited to. reasonable attome. Fens; and (d) takes such action as Lender rnav r expenses incurred in enforcing this Y require h assure that the lien of this Security Instrument, Lender's rights in the Property and Borrower's 1kirrowerr, t l �Y the seisms secured by this Secunty Instrument shall continue unchartRed fJpcn reinstatement bs �Nrower, this Sec °ucity lnaarument arts! the crbligattons secured hereby shall rcnt;eut fulh eRn9Cdr. a if nn �caarrsed dJfraac4ec•thts ; s )ttts retnrtaieshallnotapplerrtthecaxe () a,celeratuntunder s r a.i•etrration had to agraplik 1 ? or I