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87- 103072 If Leader required inguipp insurance 36 a condition Borrower "I Pay the Premiums; required to maintain the insurance making the loan secured by this Security Instrument, in effect until such time As the requirement for the inewan" terminates in accordance with Borrower's and Lender's written agreement or applicable law, S. Inspoedn"' Lender or its agent may make reasonable entries Upon and inspections of the Property, Lender shall give Borrower notice at the time ofor Prior to An inspection specifying reasonable cause for the inspection 9- CONdOmmatim The proceeds of any award or claim for damages, direct or consequential, in Contection with any COndmmion Of other taking of any W of the Prqiorty, or for conveyance in lieu of coridlemnation, are hereby asaiipet! andi shall be paid to Lender. 10 the event of a total taking of the Property, the proceeds shall be applied 10 the sums secured by this Security Instrument- whether Or not then die, with Any excess paid to Borrower. In the event of a Partial taking of the Property, URIM Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument reduced by the auxnmt of the proceeds multiplied 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 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. Lvnder is authorized to collect and apply the proceeds. at its option, either to restoration or repair of the Property or to the sumo 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 payments. 10. Borrower Not Released; Forbearance By Lender 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 &ban 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 ti for Payment or otherwise modify amortization of the sums so extend me by the Original Borrower or BorrowerIs "secossoris in interest. by this Security Instrument by Maw Of any demand made shall not be a witiver of or preclude the exercise of any tight Any forbearance by Lender in exercising any right or remedy t or remedy. IL SOCCOmon and Arm Bound, Joint and Several Liability', Co-signom The covenants and agreements of this Security Instrument shall bind and benefit the successors jiod assigns of Lender and Bo subject Of paragraph 17. Borrower-s covenants and agreements ff0wer, sub to the provisions who cosigns 49 execute the Note- (a) is co-signinj this Security Instrument only to mortgage, grant v Instrument but does r shall be faro and several. Any Borrower w signs this Security that Bonvwces interest in the Property under the terms Of this Security Instrument; (b) is not personally obli and convey gated 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 consent. 12- Lam CbwrM If the loan secured by this Security Instrument is subject to a law which sets maximum loan limits, then: (a) any such loan charge shall be reduced by the amount Omuection with the low exceed the permitted I Ile, charges, and that last as finally interpreted so that the interest or other loan charges collected or to be collected in necessary to reduce the chap to the permitted limit; and (b) any sums already collected from Borrower which exceeded Permitted bMift will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Now or by making a direct Payment to Borrower. If a refund reduces principal, the reduction will be treated as a PNUWPM*YmgRt without &nYprepayment charge under the Note. 13. L42MWM Affeeting ms's R40ft rendering any provision of the Note or this Seen ty If enactment Of expiration of applicable laws has the effect of may rs4mm mmodku payment in full n Instrument unestforceable according to its terms. Leader, at its option, Of all sums secured by this Security Instrument and may invo ke. any remedies Permitted by paragraph 19. If Lender examm" this option. Lender shall take the steps specified in the second paragraph of Paragraph 17. 14. Nodew Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by moiling it by first class meal uuim applicable law re use of another method. The shall be directed the ,'der. Any notice to Leader shall be given by propertY Addvm Or any other address Borrower deaspquatrteels by notice to Lo n0t1cl!- rected JIM close mad to Larder's address mated hum or any other address Lender designates by notice to Borrower. Any notice provided for in th" Security Instrument &W be deemed to have been given to Borrower or Lend provided in this paragralils. ender when given as IS- Co*vwnimt law; Severability. This Security Instrument shall be governed by federal law and the law of the Note � in which the Property is located. In the event that any provision or clause of this Security Instrument or the couillieft with SPOIC" law. such conflict shall not affect other Provisions Of this Security Instrument or the Note which can be given effect without the conflicting provision To this end the provisions of h Note we declared torbe severabip— i Ons S this Security Instrument and the 16- BWVMWICOPY. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Travishrof the Property or a Benefiew Internet In Borrower. If all or an part ofthePropertyorany interest in it is sold or transferred or if a beneficial inter in rrower is sold or transferred and ow Person) without Lender, s prior written consent, Lender may, :at its option, require immediate ate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lend f1d" law as of the date of this 3ecurity Instrument. er if exercise is prohibited by If Leader exercim this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period Of M ku than 30 days from the date the notice is delivered Or mailed within which Borrower must this y l t. If fails all sums secured by Securitaltruum Borrower ls to pay these sums prior to the expiration of this period, Lender may invoke any rusen" Pw=iPAd by this Security Instrument without further notice or demand on Borrower. M awrissiste's JU8111t 10 Afftwwft If Borrower meets certain conditions. Borrower shall have the right to have enforcement Oft Security Instrument discontinued at any time prior to the earlier of.. (a) 5 days (or such other period as epplicallik law may specify for reinstatement) before wit of the property pursuant to y power contained in this See"My losernmeal; Or (b) entry of a judginent enforcing this Security Instrument an cr f sale - Those conditions am that Borrower; (a) Pays Lender all sums which then would be due under this Security Instrument and the Note had no Acceleration Occurred; (b) cwn any default Of any other covenants Of agreements.- (c) Pays all expenses incurred in enforcing this Seeiinly ffttfunmi, including, but not limited to, reasonable attorneys, fres; and (d) takes such action as Lender may reasonably require to assure that the Jim of this Security Instrument, Lendct*g rights in the Property and Borrower's ("bil"bon to Pay the sums secured by this segurity Instrument hall continue unchanged. Ujx)n reinstatement bs "or"wer, this 5ft-0f 31 Y Instrument and the obleptions swured herebsy shall remain fUJIV effeCtiVe a ff., s if no acceleratioll hart re'"S'ale %Itl'll [`* RPP1% If' OW cake i If acc elerai Ion under raragraphs or