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4�. sY if C aadsr required,. ttlRitpge "insurance as a coedit 8ortomrer, shall. pay due premiutms required to maintain the insurance terminate is accordance with Borrower's and Lei S. "imr*aellta. Lender or its agent may make reason pn sort and rG.. to " "of making the loan secured by this Security Instrument,. insurance in effect until such time as the requirement for the ier's written agreement or applicable law. ste of or.prior to an inspection,apecifying reasonable cause; for the proceeds of any award or claim for dam iales,'direct or consequentia of any part of the Property, or for conveyance in lieu of condemns taking of tits Property, the "proceeds shall be applied to the sums en due, with any excess paid to Borrower. In the event of a pattaa herwise agree in writing, th "e sums warred by,-this Security Instrtm es atmount `of the`praxeds multiplied by the `followutg "fraction: (a) the total' amount of the sums secured rmtaediateiy before ti e, takitK:'divide by;(b) the fair market value of the Property immediately before the taking. Any balarmce ahall'be paidto Borrower.: If the Property is adandoned 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 *iii, 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 1 and 2 or change the amount of such payments. 10 harrower Not Released; Forbearance By tender Not a Rarer. 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 successor in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. IT. fi s and Amiga Wang ]cunt ead Several iimbility; Co- dgaens. The covenants and agreements of this Security Instrument shag bind and benefit the successors and'assigrs of Lender and Borrower, subject to the provisions of parMmph. 17. borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security instrument but don mom[ 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 of this Security Instrument: (b) is not personally obligated to pay the soma 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 Borrower's comet. . 12. lam Merges. If the loan secured by this Security Instrument is subject to a law which sets 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 'loom eweed the permitted limits, then: (a) any such loan charge shalt be reduced by the amount necessary to reduce the charge to the permitted !hour 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 ;paymamt =to borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment wihout any prepayment doge under the Note. 13. Le{YiMHN Affecting Leader's Righh. 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 of all sums secured by this Security Instrument and may invoke any remedies permitted by paralraph 19. If Lender' exercises this option, Lender shaft take the steps specified In the second paragraph of 'paragraph 17. 14, Nitless.' 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 Leader. Any notice to Lender shall be given by first dam mail to °Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provkWd` for' in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 1S: 'Gavermbsg Law: Severability. This Security Instrument shall be governed by federal law and the law of the jurisdidion -in which the Property is located. in the event that any provisions 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 cite `given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note'are'declared to be severable. 1ti: baerwver'a "'City.` "Borrower shill be given one conformed Copy of the Note and of this Security Instrument. t7 1Unsiw at the *4vity ar a: 1111tlrest In 1are+wer: if all or any part of the Property or any interest in it is! sold or' transferroif''(or ' if a beaefkiil interest in Borrower is sold or transferred and Borrower is not a natural person) witbout`Leeder'i' prior wtitt it consent, tender may, ar its option, require immediate payment in full of all sums secured by tills Security, instrument.. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the `dilte of this Security 11hitrument. It l.eisderexerdm thin option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of tuot'iear 1hau?30'daya fromt - ,date'th a notice is' 'or moiled within which the Borrower must pay all sums secured by d1w3actlrIty' Ins traatent': It'Bntrrnver falk to pay theae scars prior to the expiration of this period, Lender may invoke any nrtkmNmp puraAkted "by`lhic Stiasrity l dtrumes►t'wkhomt further "notice or demand' on Borrower. ill. 1 1 a, N Rawlak'^ if 1lotraveer meets condkitim." 8orroiver shall have the right to have amforcrriMlf °ot d3i`5scorky lnttebaoent dlice la�`at rung+ dome prior to the arlier of: (a)`S' days (orsudt other period `as tipipir law moray specify for teimwat�mmtt) before' seek of tiro Pray pursuant to any power of sale contained in this '�'>iNaaimeM bur tCr)`egltlr of a jim{auht °enforeiag midi' 9eenlWAdhimamt. Tboae aronditions are tpi D*rbwer: (a) Mys ixitriar ad litaw >wltidt °thtm"worid be`dme ir1YMs' "tti SedirBy itlstfvinihmi and'the Mote had no acoeimxatiiitlt+tctrrxt: (b) emsir busy il!/liligf or" other coretpmtta brntgreemrsstte; (c) pays old "*"ai incurred lilt `ea brci% tdds" 1ty instrument. itwd�idMg, but" pot iksbad trisaostabie nistorttay's tees;` and (fi taftee ranch actions rs Lerldcr tray reasonaDljr requtte'to assure tlstrt rim of Sictkky hdtrtuseat, `Lemdei's rigtita is ►hue Property mend Borrower's obligation to pay the'wms seeured liy'tlmla' SesmaHty Uertrumsemit'tamag comtbnte'ttnehaxBrd. upon nihtstatement by °Borrower, tfiis Security instrument and the abld�atiews sicarad heretiy slag remmain ftitle etteedve aa�hf"tto aceekraeWa had occurred; However, this right to reinstate shall WO $ Y