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!1 86-- IOM- If Lender required mc) tgage insurance ss a condition of makmc the k:: +r. i'riiuh t�me as their uuiremett1 for the Borrower shall pay the premiums required to maintain the insurance in effect unit � insurance' ernnnates in accordance with Bnrrowcr s and Lender s w ritten agreemen, oI apphcable law'. p=ity. Lender S- Inspection. Lender or its agent may make reasonable entries upon and inspections of the Pro shall give Borrower notice at the time of or prior to an ins-pecnon specifying reasonable cause for the inspection. 9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection reth any condemnation or other taking of any par, of the Property. or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the event of a total taking of the Property'. the procecds shall be applied to the sums secured by this Seeurity' Instrument, whether or not then due, with any excel paid to. Borrower. In. the event of a partial taking of the Property, unless Borrower and Lender otherwise agree in writing, the sums secured to this amount Security Instrument shall i reduced by The amount of the proceeds multiplied by the following fraction: Ial the total v before e t the sums secured immediately before the taking. divided by (b) the fair market value of the Property immediately' before the taking. Any balance shall he paid to Borrower. If the Property is abandoned by Borrower• or if, after notice by Lender to Borrower that the condemnor offers to rrower fails to respond to Lender within 30 days after the date the notice is make an award or settle a claim for damages. Bo given, Lender is authorized to collect and apply the proceeds. at its option. either to restoration or repair at 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 p xtpone the doe date of the monthly payments referred to in Paragraphs a� and = °Echange t n ionhofathe time for payment or lo. Borrower Not Rebated Forbearance By Lender modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor m interest of Borrower shall not operate to release t �e liability of the original Borrower or Borrower's suet essOTS m interest. Lender shall not be required to commence proceedings against any successor in toterest or refuse to extend tint_ 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 an) right oriented', shall not be a waiver of or preclude the exercise of any right or remedy. 11. Successors and 4sstgm Bound, Joint and Several Liability: Co- signers. The cotenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subiecl to the provisions th paragraph 17. Borrower's covenants and agreements shall be join! and several. Any Borrower who co-signs this Sect; Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and com ey 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 io 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 whit:h sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected r e be collected m connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced b. the amount ed from Borrower which e necessary to reduce the charge to the permitted limit: and (b) any sums already' collectxceeded permitted limits will be refunded to Borrower- Lender 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 reductior: will be treated .t a partial prepayment without any prepayment charge under the Note. 13. Legislation Affecting Lender's Rights. If enactment or expiration of apphcable laws has the effect rendering any provision of the Note or this Security Instrument unenforceable according io its terms, 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 a; paragraph 17. 14. Notices. Any notice to Borrower provided for in this Security' Instrument shall he given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be dfrecied to the notice to Lender shall he g otice to Lender. giver. by Property Address or any other address Borrower designates by n.4ny first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Am notice provided for in this Security Instrument shall be deemed ill have been given to Borrower or Lender when given as provide d in this paragraph. 15. Governing Law: Severability. This Security' Instrument shall be governed by federal law and the low of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable 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 this Security instrument and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall he given one conformed copy of the Nnte and a this Securi o Instrument. 17. Transfer of the Property' or a Beneficial Interest in Borrower. If all or any }art of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lenders prior written consent. Lender may. at its option, require immediate payment in full of all sums r, this option shall not he exercised by Lender if exercise Is prohibited by secured by this Security Instrument. Howeve federal law as of the date of this Security Instrument. If Lender exercises this option. Lender shall give Borrower 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 pay all sums secured by of this period. Lender this Security instrument. If Borrower fails to pay these sums prior to the expiration may invoke any remedies permitted by this Security Instrument without further notice nr demand on Borrower. is. Borrower's Right to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earlier of. (a) 5 days tar such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Securty Instrument or tb) entry of a judgment enforcing this Security lnstrument Those cond;nons are that Borrower !a) pays Lender all sums which then would be due under this Securty instrument and the 'vote had no acceleration b cures any default of any other covenants or agreements: (i acs ai'. expenses incurred m er,(orcmg ilia occurr_d, ) Security Instrument 1.1cluding. but not limited to. reasonabie s orn vs' es ti I i i ak s uu a tin is i n map lent. 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