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<br /> — 6S� Oc/�1�..•i��J3�� __" __� "_�_'___ � [.'V'(.�31��1i81�� '�,R � .�` �
<br /> � '�_ . �
<br /> . � 90--'i0096�
<br /> rIG I:ender'teqpired morigage insurance as a conditian of mak�ng the !oan secured by this Security Instrument.
<br /> �dur.rower shalt pa�the premiums required to maintain the insurance in effect uriti!such time as the requirement for the
<br /> � in�urattre ter�rtin�tes,in accordance with 8orrawer's and Y.ender's wsitten agreement pr applicabie law.
<br /> �8.• �els�ecttan.� Ixnder ar its agent may malce reasonabie entries upon and inspections of the Pscperty. Lender
<br /> �h�i��iv�Bur.awer notice at the time of or prior to an inspection specifying reasonabie cause for the inspection.
<br /> 9:. Ccin�Yc�tnatlon. The proceeds of any award or claim for damages,direct or consequential,in connectian with
<br /> _� an��.eonddnnt�#itin:Qr other taking of any part of the Prapert},or for conveyance in lieu aC condemnation. are hereby
<br /> a��i�nu�znd�'iaU�be paid to I.ender.
<br /> _ Yn�the event of a total taking of the Property, the prazeeds shall be applied to the sums securec�by this Security
<br /> . InF.tt�rtt�it,whether or not then due.with any eacess paid to Bonower.Tn the event of a partial taking of the Property,
<br /> unit�s Hurc+ower and Lender otherwise agree in writing,the sums secured by this Security Instrument shaii be reduced by
<br /> ti�e amaurit•of`gtte proceeds multiplied by tt�e foltowing fraction:(a)the total amount of the s�:ass�ecured immediately
<br /> before the taking,di��ided by(b)the fair mar`wt value of the Property immediately before the r2�Any balance sha11 be
<br /> paid ta Borrower. -
<br /> Hf the Pra�ecty is abandc�aQC3 by Borrawer,or u`,a,^.•ter norice by Lender ta Eonower that the cend�nor offers to
<br /> make ari award or�Yte a elaim for damag�s,�e.re�r��to�.espond to Lendec c�*thin 30 days after the date the notice is
<br /> given,Lender is aut�is�rized to collect and z��ltw t�,.e��ds,at iu aption,either to restoratie�cr repair of the Propect�or
<br /> to thesums secured'ay this Security Instru¢���..:�i;r-��:c•=r not then due.
<br /> Unless Lender and Borrower otherwisr�.�,_^�ii��rti�ing,any application of proceeds to c�cipal shall not extend or �
<br /> ; postpone the due date of the raonthly paymen�r�+:�.-r�;a�in paragraphs l and 2 or change tt:e a*!�ount c�'�uch payments.
<br /> 10. BorroRer Nai Reteased; For�4T���II�.�,ender Not a Waiver. Extension c�:�e time "rbr payment or
<br /> � modification of amortization of the sums �:��by this Security Instrument granted 6y L�r..3er to any successor in •
<br /> interest of Borrower shall aot operate to re1�o.:ize tiability of the original Borrower or Horr�w er's successors in interest.
<br /> L.ender shall noi be required to commeace pr�cee�irsas against any successor in interest ar refuse to eatend time for
<br /> payment or otherwise modify amortization of the sttc�s����red by this Security Instrrunent by reason of any demand made
<br /> � • by the original Bortower or Borrower's successars ia�area�t.Any farbearance by��der in exercising any right or remedy .��:•'
<br /> shall not be a waiverof or preclude the exerc��:�ar.7 c�Z-!1.<.or remeds. •
<br /> il. Succ�:rr and Assigns Buand;.,r�i��,���veral LtatsiLy+Y;Casigners. The c�:.enants and agreements�r
<br /> � this Security Instrs:r.�.��shall bind and bene:�-t t!_��u��a�:-s and assigns of Lender and Borrower,subject to the provisions
<br /> ' of par�;,r:a�h 17.1Borrower's covenants and ag:eements si-::s.rl be joint and several.Any Borrower who casigns tbis Secttrity
<br /> Instrus,�c:t but does not executc the Note:{�)is ca-signing this 9ecurity Instrument only to mortgage,grant and convey ; ;,;�;;?_:
<br /> that 8:,;rower's interest in the Property ur_���the terms of this Sccurity Instrument;(b)is not personaUy obligated to pay .±`,r?`�'`
<br /> the sums secured by this Security Instrument:and(c)agrees that Lender and any other Borrower may agree to extend, �;;;'� '- �
<br /> ; modify,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without � '';,;'
<br /> that Eac�:awer's consent.
<br /> � £I. Loan Charges. �fcf��:Ioan secured by this Security Instrument is subject to a law which sets maximum loan =_
<br /> eharges, and that. .';��v is fina!!y interpreted sa that the interest or other loan charges coltected or to be coltected ir�
<br /> connection witti ctr�::oan exceed the pemritGp..d limits,then: (a)any ��ach loan charge shall be reduced by the amount
<br /> necessary to reduce the charge to the penni�t�;�:limit;and(b)any su;!ns already collected Prom Borrower which eaceeded :�
<br /> , permit!ed limits will be refunded ta$orro;,�:r. Lender may choose to make this refund by reducing the principal owed � �
<br /> under ti-e Note or by making a direct paymec�t to Borroaer.If a rePund reduces principa),the reduction wilt[sz treated as a ���
<br /> � p�rtia➢prepayment without any prepaymcnt.c-�arge under the Note. � ��
<br /> !3. Legislstion AfFecting Lendcr': �Ip.hts. IP enactment or caPiration of applicable la�ws has thc effect of d �
<br /> rendering any provision of the Noie or this�ecurity Instrument unenfarceab(e according to its tcrms,Lender,at its option, t !'�
<br /> may sequite immediate puyment in full of all sums secured by this Security Instrument and may invake any remedies ' �t-':
<br /> pertnilted by paragraph 19.If[,FC�der eaercises this aption, Lender shali take the s.tteprs specified in the second paragraph of �'��'-`
<br /> � paragraph 17. ��
<br /> ' 14. Notices, Any notice to 8orrower provided t'or in this Sc�:ur:ty lnstrument tihall be given by dclivering it ar b� � z
<br /> ! mailing it by first class mail unless applicable law requires use of a:-�ther method. The notice shall be directed to th'e
<br /> Yroperty Address or any oiher address Barrower desi�nates by notice to Lender.Any notice to Lender srraQ be given by �!
<br /> first Cl�ss mai)to Gender s address stated herein or any ai�r.-r address l.xnder designates by notice to Borro��ct.Any notice '
<br /> provid�s�for in this Security Insirument shall be deemed to��ave been�iven to Borrower c�r Lendcr when g's:en as provided
<br /> ! inthisparagraph. �
<br /> ' 15. Governing I.aw;Severability. This Security Instrumert�I�all bc g�verned hy fcdcrai law and the law oPthe
<br /> � jurisdictic�n in which the Prvperty is located. ln the event thut any�rovision or cl�use of this Sccurity Ir�frument ar the
<br /> _ � Note uanflicts with applicable la«�,such conflict shall not atfect ather provisians c�f rhis Security lnstrutr-er+.t ar the N�te
<br /> — whiel�r.;:�be given effect witi°��uc eite conflieting provision. To this end the pro��t_?�:;:{of ihis Sec:�rity tn�s*ument�nd thc
<br /> Nate are declared to bc severable.
<br /> : 16. Borrower's Copy. 8nrrowers.!�alt be given oneeanforrn�;:i copy oi'the Nnte ancl�:r'this Securi±y]nstrurr.�!.
<br /> � 17. 7'raasfer of the Properry or 2 L�Aeficial 1r.terest in Botrowcr. If all or any part of'th� I�n��erty or any
<br /> ' intera�t in it issold or Iransfcrred(or if a 6e�:".�31 interc:i zn Borrower iti sold or transferred and Borraaeriy nat a ns�tural
<br /> _. . • pers��a without Lender's prinr written cor.s+;:rr...?x^�s�;�ay,:�t its opti��n.reyuire immediatc payment in i'all af all sums
<br /> secured by this 5erurity Instrument. Woti�•e�s:•, this aption shall not be exercised hy- l,endcr�f cxercise is prnhihited by
<br /> ' federa)law as of the date of this 5ecurity Inst:ument. :---T`-
<br /> lf Lender exercises this option.Lender shall give 8orruwer nutice nf�icceleration.The n��tire shall provi:le a periucl
<br /> � of nut less than 30 dnys f'rom ehe date the notice is deliverecl or mailed within whirh Harr��tiver musi pay all�um�secored hy
<br /> _ this 5ecurity Instrument.lf 8vrrower Pails to pay these sur�s prior tn the expiration of this period,[.snder m�y invnkc any
<br /> _ remedies pttmitted by lhis 5ecurity Inctrn�nent waihoui furiher notice nr tientsstst!n:i�3c�asue:•cr. '- �
<br /> 18.Borrower•s Rigt�t to Reinstate. If fiorrower meets certain cnnditinns.13nrrnwer�h�11 h�ive the right to h�ve �
<br /> enfc��cemcnt af this 5ecurity tnstrument discontinucd at any time prior to the earlier��P:(�)5 dayti(or such c,ther period as �
<br /> L �,pplicable 1a�v rnay specify fi�r re�nstatement)hefore sate��f the Pruperry pursaant t��.�ny p��tiver ut'sale ccmtuia�ed in this
<br /> ' Security Instrument:c�t(b)entry nP.i judgment enfUrcing thi�Secunty I��strutnent. 7"ho�c rnnciitinn�cirr N�at 13orru«er:
<br /> (a) pays I.ender all sums wP►ieh then �vauld he efue under Ihis 5ecunty Intitrument a��d tlec Nute had nn acceieratum t�.
<br /> � uecutred: (h)cure�ary default af any other ri�venantti oi agreemer�t!.: (c) paq� al1 expenseti incurred �n enfoniu�; tlus ��(
<br /> • 5eeurity instru�nenl,inctucl�n�;,htu not lut��ted t�r, rea5nnable attnrneyc' fees: ;u,d(d1 t;,ke��urh actinn a� Lender m�}• , �)
<br /> �p�,� rts�+�t�ahly reyutre tn ;��yure thFit ttrc Itrn u1'this Secunty Inct�un�ent, (.c�nelrr'� ri�ht.r �re llie Crnp:��ty ans! A:�rre��trr'ti
<br /> �°-:: uhliRauun tn �+ay the sutns aecure�} hy tht� Seeutity lu4ttunrent �tr,iU c��nhfn�e utrehcut�;e�l. l���nt� rein�tate�nrnt t�e �'
<br /> - 13,�truwer.thia tiecuntv In�trumrri�,ind thc e,hlrhun�,ri�Eec��re�hrreh} �htiif tt•in,z,r�fuUy e1Fr.n�e a�if'nu:iiccicr,�h��ti h.ui
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