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86-. 102761 If Lender required mortgage Insurance as A .osndition of making the tower secured by this Security Instrumen-, Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law. S. Inspection. Lender or Its agent relay make real ;ariahle entries upon and inspections of the Property. Lender Shall give Harrower notice at the time of or pricer to xn inspection specifying reasonable cause for the inspection. 9. Condemnation. The proceeds of any award :)r ciairil for damages, direct car consequential, in connection with any condemnation or other taking of any part of the Property, or tzar conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the event of a total tasting of the Property, the p.rt ;r:r<fs shall be )pph d to the sums secured by this Security instrument. whether or not then due, with any excess paid To f3ilrr.wer In the event of a partial taking of the Property, unless f3mro,aer and Lendcr otherwise agree in writing, the surds scr: urrd bey this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fracrfory ta) the t(')tal amount of the sums secured immediately before the raking, dl: toed by (b) the fa paid to Borrower . ir market value of the Property irrlriiecll;ltety Before the taking. Any balance shall be If the Property is abandoned by Borrower, of if, after notice toy 1 erider to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails to r .sl-u:)nc! Io 1-c rider within 30 days after the date the notice Is given. Lender is authorized to collect and apply the proceeds. at etc +atatutn. either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or riot the!, otue Unless Lender arid Borrower otherwise agree in writing, any app It :at Io-I of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs 1 3rid 2 or change the amount of such payments. 10. Borrower Not Reltased; 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 Burrower shall not operate io release the liability (?f the t_)riginal Borrower or K- )rrower's successors in interest. Lender shall not he required to commence proceedings against any successor in interest or refuse to extend time for Payment or otherwise mollify 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 anti forbearance by Fender in exercising any right or remedy shall neat be it walyer o?f or preclude the exercise of any right or rern'eds 11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. -rile covenants and agreements of this Security Instrument shall bind and benefit the successors and ass.,gns of Lender and Borrower. subject to the proyisinrls of paragraph 17 B rrower *% covenants and agreements shali t_e , .)tnt and sc, cr l At), Borrower who co -signs this Security Instrument but does (lilt execuic the Note (a) is CO- clgt)Ing this Security Instrurnen.t o;niy to mortgage, grant and convey ,flat Bolrro%cr's interest rrl the Prcapr::rty under the terins of this Sec-unly Instrunicnt, ib} a not lleruonaliy obligated to pay the sums secured by this Security Instrument, and ice agrees plat Lender rind any either BorrmAer may agree to extend, modify, forbear or make any acC9,)mmoKiatlolns with regard to the loin, of the; 5ecurlty ir.ctrunie,)t or the Note with: