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ss —, 10752L. If Lender required mortfyrInsurance as -a coodition 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 ims fmm terminahx im accordance with Borrowet s and Len der's written agreement or applicable law. tL iaapecdon. Lender or its agent may snake reasonable entries upon and inspections of the Property. Lender shall girt &ttnower mtieeat the time ofor prior to on inspection specifying reasonable causefor the inspection. 9. Ci n llonou Lion. The proceeds of any award or cl aim for dam@^ director 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 and "be paid to Lender. In the corms 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 Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amenmt 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 damrages, Borrower fails to respond to Lender within 30 days after the date the notice is given. Leader is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the soon 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. 10. Borrower Net Relented; Forbearance By Leader 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 the original Borrower or Borrower's successor$ in interest. Any forbearance by Lender in exercising any right or remedy shall not be waiver riotpreclude the exercise duty right or remedy. 11. Snceesaors and Ataips 111 1- Joist and Several LIsbM y; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successes 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 terry accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. It Latest Chttefpe, If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges. and that Inw is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the lean exceed the permitted limits, then!: (a) any such loan charge shall be reduced by the amount necessary to redaeeihe charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted Hams will be refunded to Borrower Lender may choose to fluke this refund by reducing the principal owed under the Note onby:makiag a direct payment to Borrower. Ifa refwrd reduces principal, the reduction will be treated as a paw prepoyinentwalsoutany Prepayment charge under the Nose. 13. Lieshimlent ABectint Leader's Rtghb. If enactment or expiration of applicable laws has the effect of renderirg any ptvvittiwm of Note or this Security ItWrumett unmforreable according to its terms, Lender, at its option, may require immediate payment in foil of all sums secured by this Security Instrument and may invoke any remedies permitted by paragraph 19. If Larder a xemim this option, Lender shall take the steps specified in the second paragraph of paragraph 17. 14. Notion. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by Lest clan mail unless applicable law requires use of another method. The notice shall be directed to the Property Address at any other address Borrower designates by notice to Lander. Any notice to Lender shall be given by first class mail to Leader's address stated heretic or any other address Lrcrnder 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. is. Gmeraing Las; Severshafty. 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 appltcabk law, saclr.conflfct shall not affect other provisions of this Security Instrument or the Note which tart be gives effect without the coldiicting provision. To this end the provisions of this Security Instrument and the Note am declared tobe severable. ' 11L Borra tt, Co*. Bofrowershall be given one conformed copy of the Note and of this Security Instrument. 17. Tres iekr of &a Property or ti Beneficial Interest In Burrower. if all or any part of the Property or any interest in it is Told 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, of its option, require immediate payment in full of all sums secured by this Security In t nur eat. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as ofihe date of tbis Security Instrument. If lxnde 'exe rcisn this option, Lenider shall give Borrower notice of acceleralictn. The notice shall provide a 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 Instnumest. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies pe nsitted by this Security Instrument without further notice or demand on Borrower. It Dais "Is Ri11111t t• I1tolaatrlt If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrrmtent discontinued at any time prior to the earlier of; (a) S days (or such other period as spplicable law tttltY'spxifY for regtsttteae nt):bdere sale of the Property pursuant to any power of sale contained in this Sexwity Irntrurtlenl; or (b) entry der jereigtrnent enforcing this Security Instrurree rat. Those conditions m that Florruwcr. (a) 7�4 sums which then world be due under this Security Instrument and tfir Note had nn acceleration occ; tuns y eldault of any other covenants or ts; (c) pays all expenses incurred in enforcing this Sea IrntruetaM, including. but not hmifod !o, reasonable attorneys' fees; and {d) tykes such action as Lender may ziro"ott. y require to assure that the ttrut, Lender's rights in the 1'mf+erty and ilnrrowcr's to pay the sums secured by this Security Ishall rnntinur uncfianged. Upon reenstatrment by this Secarity Instrument and the obtigations secured hereby shall remain fully effective as if no acceleration had occurred. however, this right to rexnstale shall not apply in the case of acceleration under paragraphs 1 i or i i