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<br /> 90- lQO���
<br /> i If Lcnder requireci mortgage insurance as a conditian of making the loan secured b this Securit Iastrument,
<br /> _ Harrawer shalt pay the premiums required to maintain the insurance in effect until such timc as thc rc4ui cmcnt far the
<br /> insurance terminates in accordance wilh Barrower's and Lender'�written agreement or applicable law.
<br /> 8. Inspectlon. Lender or its agent may m3ke reaconable entries upon and inspections of the Property. Lender
<br /> shal)give Horrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br /> 9. Cond2mnation. The proceeds a1'any award or claim for damages�direct ar conseyuential,in cannection with
<br /> any condemnation or other taking o1'any part oP the Property, or for conveyance in lieu of condemnation, are hereby
<br /> assigned and shall be paid to Lender.
<br /> In the event of a total taking of the Properiy, the proceeds shall be applied to the sums secured by this Security
<br /> ' Instrument, whether or not then due,with any excess paid to Horrower. In the event of a partial taking of the Property,
<br /> unless Borrower and Lender otherwise agree in writing,the sums secured by this Security Instrument shall be reduced by
<br /> the amount of the p�•oceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br /> before the taking,divided by(b)the fair market value of the Propeny immediately before the taking.AnJ•balance shall be
<br /> paid to Bonower.
<br /> If the Fropeny is abandoned by Bonower,or if,after notice by Lender ta Borrower that the condemnor offers to
<br /> make an award or settle a claim for damages,Borrower fails to respond ta Lender within 30 days after the date the notice is
<br /> given,Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair of the Property or
<br /> to the sums secured by this Security Instrument,whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 10. Borrower Not Released; Forbearance Hy Lender Not a Waiver. Extension of'the time for payment or
<br /> modification of amortization of the sums secured by this �ecurity� Instrument granted by Lender to any successor in
<br /> i�terest of Borrower�1�a11 not operate to reiease the liability of the original Borrower or Borrower's successors in interest.
<br /> Lender shall not be required to commence proceedings against any successor in interest or refuse ta extend time for
<br /> payment or otherwise modify amortization af the sums secured by this Security Instrument b}reason of any demand made
<br /> by the original Barrowcr or Eor��wer's succ��sors in interest.Any forbearance by i.ender in e�cercising any right or remedy
<br /> , shall not be a waiver of or preclude the exercise of any right or remedy. � ;�
<br /> Yl. Successors and Assigas Bouad;Joint and Seveml Liability;Co-signers. The covenants and agreements of,
<br /> this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrawer.subject to the provisions
<br /> of paragraph 17.Borrower's covenants and agreementc shall be joint and several.Any Borrower who ca-signs this Security '
<br /> Instrument but dces nat execute the Note:(a1 is casi¢nine this Security Instr�ment nnly tm m�rro?or;g.�rt���^�YP; �-
<br /> that$orrower's interest in the Pro rt�undcr the terms of this Securit Instrument;(b)i�not �--��
<br /> Pe y y personally obligated to pay __
<br /> the sums secured by this Securi¢y Instrument;and (c)agrees that Lender and any other Borrower may agree to sxtend,
<br /> madify,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without .'. ��=.
<br /> that Borrower's consent. -
<br /> , � 12. Loan Charges. lf the loan secured by this Security lnstrument is subject to a law which sets maximum loan
<br /> charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br /> connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br /> necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded
<br /> permitted limits will be refunded to Bonower. I.ender may choose to make this refund by reducing th� principal owed
<br /> under the Note or by making a direct payment to Borrower.If a refund reduces principal, the reduction will be treated as a
<br /> partial prepayment without any prepayment charge under the Note.
<br /> 13. Legislation Alfecting Lender's Rights. If enactment or expiration of applicable laws has the effect of � .�
<br /> rendering any provision of the Note or this Security Instrument unenforceable according to its terms,Lender,at its option.
<br /> may require immediate payment in fuU af all sums secured by this Security Instrument and may invoke any remedies
<br /> permitted by paragraph 19.If Lender exercises this option,Lender shall take the steps specified in the second paragraph of
<br /> paragraph 17.
<br /> 14, Norices. Any notice to Borrower provided for in this Security Instrum�ent shall be given by delivering it or by `�
<br /> mailing it by first class mail unless applicable law reyuires use of another meihod. The notice shall be directed to the '
<br /> Propeny Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by `
<br /> first class mail to L.ender's address stated herein or any other address Lender designates by notice to Borrower.Any notice �
<br /> provided for in this SecuriEy Insirument shall be deemed to have been given to Borrower or Lender when given as provided
<br /> in this paragraph.
<br /> 15. Governing I.aw;Severability. This Security Instrument shall be governed by federal law and the law of the
<br /> jurisdiction in which the Property is located. In the event that any provision or clausr of this Security Instrument or the
<br /> Note conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note
<br /> ' which can be given effect without the conflicting provision.To this end the provisions of this Security Instrument and the
<br /> Note are declared to be severable.
<br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17, Transfer o!the Property or a Beneftcial Interest in Borrower. lf all or any part of the Property or any
<br /> interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br /> person)without Lender's prior written consent, Lender may,at its option, require immediate payment in full of all sums
<br /> secured by this Security Instrument. How�ever, this aption shall not be exercised by Lender if exercise is prohibited by - - ---
<br /> federal law as of the date of this Security lnstrument. ' �
<br /> if Lender exercises this option.Lender shall giti�e Borrower notice of acceleration.TFe r�otice shall provide a period
<br /> of not less than 30 days from the date the notiee is deliveted or mailed within which Borrowrr mu�t pay all sum,tiecured by
<br /> this Security Instrument. If Borrower fails to pay these sums prior to the expirati�n uf this period. Lender may invoke any �
<br /> remedies perrnitted by this Security Instrument without further notice or demand on Barrc�w�er. �
<br /> =:3.^:,:�u;.er'y Rigni io iteinstate, if Borrower meets certain cortdit�cros, i3orrower tihall havr thc r�ght to havr =
<br /> enforecment of this Security instrument discontinued at any time prior to the<�arlter of:(a)5 dayt(or such othcr penud a� �
<br /> L applicable law may specify for reinstatement)before Sale of the Yroperty �urtivant tt, any powcr i�f tiale cemtamed �n thiti
<br /> Secunty� Instrument;or(b)entry of a judgment enforcing thiti Seconty In4tsumrnt. Thotie conJiunnr arr�hat N�rr��wer.
<br /> _ fa) pays Lender all sumti which then would he dur under Ihi� Secur�ty Intitrument and the ti�,te had ne� :iccrlcraUnn ("�-
<br /> _ occurred: (h► cureti an� default uf any �ther envent�ntti ar ngreemrnt�: {c) payti a11 •�xpernrti mcurrcJ �n rnf��r.•ing th�� ��(
<br /> _ Sccunty In�trument. �ncludmg. but noi lim�ted tu, rcationahlr ��ti��rncyti' fecs: ancl (d!ta�.c5 �u.h .icUnn :�� I rn�Jcr ma� �
<br />_:_ re�tiunably reywrc t� as5ure that the hen ��f Ih�s Serunty Iri�trumrnt. I.cnder'� n�ht, in ih�: I'ru�,rrt} anil fi��truur�'� ;,
<br /> uh��ganun tn pay thr tiurm ucure� by thi� Security ln,trwi�ent .h��ll c��ntinue unch.�n�;rJ ('pun rrni�t:�ir�nen� h�
<br />= N„n��wer.thiti tie�unty In�trurt�rnl and the<�bbgaUi�titi�ecurrd hereby tihall retn.uu (ully cfle�tnc a.if nn.i..rlc�.�u�,n h:�ti
<br />- ��«urrcd Huwc�rt.thi�rikht���rem��atc�h;.�ll n„t appiy�ri thc�:+,c��f.i;:�clrr:�t���u undcr��.�r�E�r.i�,h, I ���r i"
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