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1.03388 If Leader required nionpile,insuranct as a condition of making the loan secured by this Security Instrument, ,Borrower 'shall `pay; the premium b'requt ed to maintain the insurance in effect until such time as the requirement for the insurance terminates in accordance With Borrower's and Leader's written agreement or applicable law. IL Leader, or its a" may make reasonable entries upon and inspection% of the Property. Lender shall give Borrower notice at the time ororprior to an inspection specifying reasonable cause for lite inspection. !. Gn/enrdtNMn. The award or ciaiirri►or damages, direct or consequential, in connection with "IV com, fe'sn'tumicia'ar uabcr "Mallof 40Y pan of Property, or for conveyance in lieu or conglemnistion. we hereby assigned and shall! be paid to Uncla. , In, lhei4at 61s total taking of the Property, the proceeds shall be applied to the sums secured by this Security I "' whotber or not the I n clue, with my excess 'paid to Borrawer. In the event of a partial taking or the Property. "rumc*i � , , Unions Borrower and lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the proceeds maltipbegi 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 oilers to make an award or settle a claim for damages. Borrower fails to respond to Lender within .10 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 of such payments. 16. But swo Net Released; Forbearance By Lender Not a Waiver. Extension or the time for payment or modification of amortization of the sum's 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 conginerice proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization ofthe 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 Under in exercising any right or remedy "I M be a waiver of or preclude the exercise of any right or remedy, 11. Socceiners and Assistafillegood; Joint and Sew" Liability; Co- signers. The covenants and agreements of this Security Instrument shall bind and licalefit the successors and "signs 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 I his Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey thafligirrower'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 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. Loon Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, and that low is finally interpreted so That the interest or other loan charges collected or to be collected in connection with the kvin 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 at 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. LogialletWo Affecting Ladder'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 ops ion, may require immediate payment in full or all sums secured by this Security Instrument and nuty invoke any rernedics 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 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 Lendees address stated herein or any other address Lendepticsignates by notice to Borrower. Any notice provided for in this Security Instrument shall be gicented 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 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 liven effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. IC Begirrower'sCoply. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. TroosSw of the Property or a Beneficial Interest in Borrower. If all orally part of the Property or any interest in it is sold or transferred (or if a 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 of the date ofthis Security Instrument. If Leader exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period 'of not leas 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 10 Pay these sums prior to the expiration of this period. Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. * 10. ageivowees Ritfbt ft Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earlier of.- (a) 5 days (or such other period as applicable low may specify rot reinstatement) before safe or the Property pursuant to any power of sale contained in this 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 the Note had no acceleration pemrcd-. (b) cum any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees; and (d) takes such action as Lender may reasonably require to assure that the hen of this Security Instrument. Lender's rights in the Property and M)rrowcr*i obligation to pay the sums secured by ligii. Security Instrument shall continue unchanged. Upon reinstatemeal by Borrower. this Security Instrument and the obligations secured hereby shall remain fully effective as of no acceleration had twetif felt. I lti*cvct, this right to reinstate %hdil not apply in the Cast of accelerator tilitter [%to igtill,11% 13 or 11 I