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86--- F 103220 if Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument, Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the insurance terminates in 46pO w, g ers row and Lender's written agreement or applicable law. lt s S. Inspection. 4.enAei' $r ,,rat ritay make reasonable entries upon and inspections of the Property. Lender shall give Borrower aotme at li�e ttrnotlM, r pr"6rtc' an inspection specifying reasonable cause for the inspection. 9. CondeMn d6W.'` Tl a Imoceeijs of any`award'or -claim for damages, direct or consequential, in connection with any condemnation or other taking of any part 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 proceeds shall he applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower In the event of a partial taking of the Property, unless Borrower and Lender otherwise agree in writing, the sums secured 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 immediately before the taking, divided by Ib) 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, 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] 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 shall 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 extend time 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 any right or remedy shall not he a waiver of or preclude the exercise of any right or remedy. 11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements 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 dues 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 (if this Security Instrument: (b) is riot personally obligated 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 Borrowers consent. 12. Loan Charges. If the loan secured by this Security Instrument is subject to a iavv which set, 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 be reduced by the amount 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 refund reduces principal, the reduction will he treated as a partial prepayment without any prepayment charge under the Note. 13. Legislation affecting Lender's Rights. if enactment or expiration of applicable laws has the effect of rendering any provision of the Note or this Security Instrument unenforceable according to its term,. 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 of 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 directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lenders 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 be governed hr federal ]a%% and the law of the jurisdiction in which the Property is heated. 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 S"unty Instrument or the Note which call be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the ?dote are declared to be severable. 16. Borrower's Copy. Borrower shall be- given one conformed copy of ttic Note and of this Sew unty instrument. 17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any par( of the Property or any interestin it is sold or transferred (or if a beneficial interest in lorrower is sold or transferred and Borrowc- !s not a natural person) without Lender's prior written consent, bender may. at its option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exeiciscd by Lcoder it exercise is prohihncd by federal law as of the date of this Securty Instrument. If Lender exercises this option, Lender shall give l3orrow•er notice of acceleration. 'I he nonce shall pro. ide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all corns secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lends ;nag invoke any remedies .permitted by this Security Instrument without further noticc or demand on Borrower. 18. Borrower's Right to Reinstate. if Borrower meets certain conditions. Borrower shall have the right is have enforcement of this Se unity instrument discontinued at anv time prior to the canccr of. (a) 5 days (or such other perioil as applicable law may specify for reinstatement) before sr•Ic of the Propciii pursuant loan) puaer of sale omn a�ed un the Security Instrument; or (b) entry of .i judgment enforcing this Security instrument. chose conditions are ihai Borrower (a) pays Lender all sums which then would be due under this Security Instrument and the Note had Ito acceleration occurred: (b) cures any default of any other covenants or agreements. (c) pays all rxprn,es uicurred m enforcuig this Security Instrument, including. but not ►incited to, reaKrnable attorney: fees• and td) lakes such action .t. 1 cndcr may reaVITIably require t0 assure that the lien of this Security Instrument. Lender's rights is tiic PWhcrty Auld Ilorrr((c•i's obligation to pap the sutras securcwl by tr Security Instrument shall uach.urgeci I rant h. Borrower. this 5ccutnt In.iiumenr anti the ;hgations starred hereby shill! remain ?;:ily rtic,.!o a• if !W har', 0xeur!ed Flr,wctier, this t ;ght to MI late shall Taut apply in theca.c I)t it I 1,1c! !,.1 1 : , h