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_- 103325 If Lender reW.ih-ed 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 m Inspectlost. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice it the time oror prior to an inspection specifying reasonable cause for the inspection. 9. Celaidessantitim. The proceeds 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 In the event of a total taking Property, � �� --_-�_ i the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately 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 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 � Unless Lender and Borrower vthrnvbo 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 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 - any - remedy shall be waiver — 11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Security of paragraph 17, Borrower's covenants and agreements shall bejoint and several. Any Borrower who co-signs 1 his Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to � �u m�mw��r�ti the unan�o�mom�o�'y/u�mm, Instrument; mortgage, ~oo � ^v� ~ pay the sums secured hvthis Security Instrument; and (c) agrees that Lender and any other Borrower may agree mextend, ' modify, forbear or make any accommodations with regard mthe terms m this Security Instrument mthe Note without � that Borrower's consent. � uz Loan Charges. If the secured by this Security Instrument is connection charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in " with the loan exceed the permitted limits, 'mm. *v any such wuu charge shall be reduced by the amount necessary m reduce the charge m the permitted limit: and (^) any sums already collected from Borrower which exceeded � permitted limits will ucrefunded to Borrower. Lender may choose to make this refund ov 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 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 � require ( payment sums -'-- ` '— Security — Instrument --— and may invoke any remedies permitted by paragraph / paragraph �' 4. Noticxm Any notice Borrower ' mailing it by first Address --' mail unless — or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by Property 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 he deemed to have been given to Borrower or Lender when gi yen as provided in this paragraph. =^ Governing 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 of this — | Nv�cvnmo�*xx ^uu affect other ' Instrument or � which can be given effect without the conflicting provision. m this end the provisions of this Security Instrument and the ! Note are declared --severable. m\ Borrower'sCopy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. � 17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part m the Property m any interest in x is sold m transferred (or nu beneficial interest m Borrower o sold v, transferred and Borrower u not unatural � person without ceoucry 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. � /r Lender exercises this "nuvn Lender shall give Borrower notice uacceleration. The notice shall provide uperiod m not less than m days from the date the notice u delivered or mailed within which Borrower must pay all "vn^ secured »x this Security Instrument. o Borrower fails ,u pay these sums prior t^ the expiration ^r this period, Lender may invoke any remedies permitted ov this Security Instrument without further notice ^r demand ovBorrower. M Borrowees Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have enforcement ". this Security Instrument discontinued m any time prior 'o the earlier of. w`5 days (or such other period x^ applicable Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and file Note had no acceleration occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing tills Security Instrument, including, but not limited to, reasonable attorneys' fees; and (d) takes such action as Leader may reasonably require to assure that the hen of this Security Instrument, Lender's rights in the property and Borrower's obligation to pay the sums secured by this Seci-rity Instrument shall continue unchanged. Upon reinstatement bv Borrower, this Security Instrument and the obligi as secured hereby shal I remain fully effeci I ve as I Frio accelcrat ]i In Ila( 'I occurred. However, this right to reinstate shall not apply in the case of acceleration unde'r paragraph� 13 or 17. ' |