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86- 103282 If Leader required mortgage hunrance u a condition of —kinly the loan secured by this Security Instrument, Borrower shall Pay the Funium required 90 MiRtMiSMOC WRIntum in effect until such time as the requirement for the Justinmorterminates in accordance with Borrower's and Landet's written agreement or applicable law. R liappecW& Lendu or as agent may make remosiable mum upon and inspectious of the Property. Leader shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 9. Camdemmstim 7lie promods, of any award or claim for damages direct or consequential, in connection with my condemnation or other taking of any put of the Property, or for conveyance in lieu of condenzaadon, we haft Weigned and shall be pod to Lender. . I In the event of a total taking of the Property, the proceeds shall be applied to the sum secured by this Security Listritment, 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 Inswuncut shall be reduced by the anwHint of the proceeds, multiplied by the 'allowing fraction- (a) the total amount or the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance WWI 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 I and 2 or change the amount ofsucb payments. 10. Borrower Not Reims* Forbassivace By Icier Not a Waiver. Extension of the time for payment or modff=m of amortization or 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. Leads shall not be required to commence proceedings agamst any successor in interest or rduse to extend time for payment or otherwise modify amortization of the tanme 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 renictly shall not be a waiver of or preclude the auercise of any right or remedy. 11. Succemors and Assigns; Bovowl; JWW said Several Llobilft, Co4pers. The covenants and agreements of this Security bistrument shall bind and benefit the successors; and assigns of Leader 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 Insumment only to mortgage, grant and convey that Borrower's interest in the Property under the term 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 to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that BOffOWCeS Consent. M Len C%erm If the loan secured by this Security Instrument is subject to a law which sets maximum loan charm 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 loon 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 }units will be refunded to Borrower. Leader may choose to make this refund by reducing the principal owed wader the Noteorby making a tiireet payment to Borrower. Us rdWW reduces principal, the reduction will be treated as a partial Pq*YMCW without any prepayment charge under the Nom 13. Legislation Affectlog Immkir'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 terms, Lender, at its option, may require immediate payment in full or all vim 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 be given by delivering it or by mailing it by first claw marl unless applicable law requires use of another method. The none, 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 Am class mail to Lender's Wren 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. Govarniog law; Severability. This Security Instrument shall be 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 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 be given one conformed copy of the Note and of this Security Instrument. 17. Treader ofthe 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 ifs beneficial interest in Borrower is sold or transferred and Borrower is 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 ofthe date of this Security Instrument. . If Lender exercises this Option, Lender Shall give Borrower notice of acceleration. The notice shall provide . 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 invoke any "11134" permitted by this Security Instrument without further notice or demand an Borrower. I 1& Bee MWW&RWtO Reheat V6L If Borrower MOM certain conditions, Borrower shall have the right to have MkWcMMt of this Security 1nWWMt discontinued at any time prior to the earlier of- (a) 5 days (or such other period as RPPBC" Law say specify for reirsatement) before sale of the Property pursuant to any power or ale contained in this Security luarrument; Of N -try Of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sum which then would be due under this Security instrument and the Note had no acceleration occurred, (b) cum any Man) 99; t of any other covenants of aFftulants; (c) pays all expenses incurred in enforcing this to reinstate ahal! roc apply in the are of acceleration under paragraphs : 3 or 1 ?. I