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S6-.. 107458 If Lender required mortgage insurance as a condition of making the loan secures 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 temmues in accordance with Borrower's and Lender's written agreement or spplkable law. iL impeedm Lender or its agent may matte reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 9. Canhamatien. 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 condennatiion, are hereby —good and shall be paid to Lender. In the event of a total taking of the Property, the proceeds shall be 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 Leader otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the atttotmt 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 nonce 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 nonce 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 Leader and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the dire date of the monthly payments referred d to in paragraphs 1 and ? or change the amount of such payments. 10. Borrower Not Released Forbearance By Leader %tit a Waiver. Extension of the nine 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. Leader 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 Leader in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. IL Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of this Security Instrument shall hind 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 does 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 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 Borrower's consent. 12. Luca Charges. If the lour 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 loan exceed the permitted limits. then: (a) any such loan charge shall be reduced by the amount A 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 undo the Note or by making a direct payment to .Borrower. If a refund reduces principal. the reduction will be tinted as a partial prepayment without any prepayment charge under the Note. 13. Legislation AReeting Lewderes RitYts. If enactment or expiration of applicable laws has the effect of w 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 paragraph 19. If Lender exercises this option. Lender shall take the steps specified in the second paragraph of paragraph 17_ ti. Notices. Any notice to Borrower provided form 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 nonce shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any nonce to Lender shall be given by first class and to Lender's address stated herds or any other address Leader designates by notice to Borrower. Any nonce 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 Securin Instrument shall be governed by federai 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 '.Vote 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 dote 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. Transfer of the Property, or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred for if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural pemon) 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 of this Security Instrument. If Lender exercises this option. Lender shall give Borrower notice of acceleration. The nonce shall provide a period of not less than 30 days from the due 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 renme dies permitted by this Security Instrument without further notice or demand on Borrower. M Boeower's Right to Reinstirtee. If Borrower meets certain conditions. Borrcwer shall have the right to have enforcemetnt of this Security Instrument discontinued at any time prior to the eat her of: (a) 5 days (or such other period as applicable law may specify for reinstatement) before sate of the Property pursuant to any power of sale contained in this L Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Lorrower (al pays Lender all semis which then would be due under this Security Instrument and the Note had no acceleration occurred, (b) cures 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' fns. and id) takes such action as Lender may rexsanably require ten, assure that the lien of this Security Instrument. Lender's rights in the Proper: and Sorroaer's jbltgatron to pay thr sumo secured by this Security Imtrumeru shall continue unchanged 1, a r. reinstatement m Bormwer and ihr mitigations secured herehs :halt rrtnain'ul � cffmme a, i n., a. entire; r. has _.... .. ii :Kr ... •hn. -•.she � .ir,c,ai�sh:ai,.�.,' a ^:•I•. ...._ _age ' a.,e�e... .. ... ....,, ..