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8&-100710 F If Lender required mortgage insurance as a condition of making the loan secured by ths'Sccunn Instrument Borrower shall pat' the premiums required to maintain the insurance in effect until such tine as the requirement for the insurance' terminates in accordance with Borrower's and Lender's written agreement or applicable ptio law'. 9. Itrtyeetion. Lender or its agent may make reasonable entri es upon and inslrecuons of he Property. Lender shall xeBortawer notice at the time oforprior to au inspection specifyin gf g reasonable cause for the :inspection. 9. Crrtdentnation The proceeds of any award or claim for damages, direct or consequential, in connection with for conve any .condemnation or other taking of any part of the Property, 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 proceeds shall be applied u, the sums secured by this Security Instrument, .whether or not then due, with any excess ,paid to Borrower. ' the event of a partial taking of the Property. unless.Borrower and Lender otherwise agree in writing, the sums srxured by this Security Instrument shall be reduced by the amount of the proceeds .multiplied ' by' the following fraction: (a) the total amount of the sums secured - immediateh '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 respond Lender r Borrower that the condemnor offers to s make an award or settle a.claim' for .damages, Borrower fails to : to Lender within 3D days after the date the notice is given, Lender is.authorized.to collect.and apply:theproceeds, at its option, either to restoration or repair of the Property or to the sums secured by this Security Instrument. whether or then •du lu application of Proceeds to principal shat] net extend or Unless'Lender and Borrower otherwise agree in writing, any app P postpone the due date of the monthly payments :rcfe Bed to in e a oYaahWl$ra>t�d'` OExhens Extension theunmef for pit payments. 1 10. Borrower Not Released;- Forbearance S modification of amortization of the sums secured by this Security Instrument granted by Lender to any successn* in interest of Borrower shall notoperateto release the liability of the original Borrower or Borrower's successors in olt ;t. Lender shall norbe .required to commence proceedings against any successor in interest or refuse to extend time for payment or l not wise modify amortization a PrO stuns secured by this Security Instrument by reason of any demand made by the original Borroweor Borrower's successors in interest. Any'forbearance by Lender in exercising any right orremedy Borrower shall not-be a waiver of or preclude the exercise :of any rightor remedy. 11. Successors.sind Assigns Bound; Joint and Several Liability; Co-sign ers• The covenants and agreements provisions of this Security. Instrument shall bind 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 mac 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• LoatrCharges. 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 loan exceed the permitted limits. then: (a) any such loan charge shall he reduced by the amount eed d necessary to reduce the charge to the permitted limit: and (b) any sums already collected from Borrower which exceeded 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 reduction will be treated as a partial prepayment any prepayment charge under the Note. ' 13. Legislation Affecting Lender's Rights. If enactment or expiration of .uppficter saws has the effect of rendering.anyprovisionofthe Notre or this'Security'Instrument unenforceable according to its terms. Lender. n its option, may require immediate payment in full of all sums secured by this Security Instrume I and may invoke y remedies permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second ar ra h of paragraph 17. 14, Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by e mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to [he Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. Governing Law; Severability. This Security Instrument shall he governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security InSlrCmettt 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 histrument and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall he given one conformed copy of the Note and of this Secunty" instrument. 17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest ui Borrower is sold or transferred end Burrower s not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by 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 z' 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 this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. lender may mke any remedies.permitted by this Security: Instrument without further notice or demand on Borrower IS. Borrower's Right to Reinstate. If Borrower meets certain canrlitinns, Burrower shall hove the right period have enforcement of this Security Instrument discontinued at any time prior to the earlier of (a) 5 days (or such other period as applicable law' may specify for reinstatement) before sale of the Property pursuant to Inc power ol'sulc cnntanted m the Security Instrument; or (b) entry of a judgment enforcing this Security" Instrument Those conditions are that Bornxver (a) pays Lender all sums which then would be due under this Security [nstrumcnt and th n e note had „ .iccelermot' occurred (b) cures any default of any other covenants or agreements. (c) pays all expenses nicutred ui crifolnnf iht, Security Instrument, including, but not limited to. reasonable attorneys' fees and td1 takes such ,,.: ,r + 1 uulri n;.i !` reasonably require to assure that the lien of this Secunty Instrumunt Lr!tder's rights rn •hc 1 ,tct'" Mid fiurre•u er' r } obligation to pay th_• sums secured be this Secunty htstnnm•nt shall Borrows ti es See urn lnstrurnettt and the <,bliga ++„m L" occurred lin,sr,et. then n}�hi u, reinstate Shull not :u,t,l,