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<br /> 90.�1012g 9
<br /> (� If i,ender required mortgage insurance as a condition af maiang the toan secured by�i s Security lnstrument,
<br /> � Borrotver sha!!p�.cb��rtmiums requiced ta maintain the insurance in effect unti!such time as th�requirement for tha
<br /> insurantx tesminrtRS�n�cordance with Borrower's and Lender's written agreement ar applicable law_
<br /> . � 8..�.`. �u or its agent may maYe reasana6le entrics upon and inspections of thc Property. Lender
<br /> `- sli�1T give 13o�r�wrs 1tW�c�at the time ofor--�or io an inspection specifying rcasonable cause for tha inspection. �
<br /> 9. C'c�nde�tqtt3ittn. 'fhe procads at any award or claim far damagrs,direct or consequential.in connection with
<br /> any.cendcmnaticm,ctr,otiler taking of any part of the Praperty.or for conveyance in lieu of conde�nnation, aze hereby
<br /> a�gned�nd si�a�1 tit�r2id to Lendsr.
<br /> in tha cw�ent of a total wking of the Pragerty.the procad�shalt 6e apptied co the su�ns secured by this Secusity
<br /> Ins3r�ment..whcther or rtot then dae,with any exass paid ta Bonosrer.In the everrt of a partial taking of the Proptrty.
<br /> unless Borrower and Len�er otherwise agree in writing,Ehe sums secured by this Serurity Instsument shall be�reduced by
<br /> the amount of the pruc�ds muttip&ed by the fo�Iowing fraction:(aj the total amount of the sums secnred imraediatdy
<br /> before the taking,dic�id�!by(b)the fair market vsal�e of the Property immc-€i'sately before the taking.Auy balancc shall be
<br /> paid to Borrower.
<br /> If the Property is abandoned by Barrower,or if,after ac�ce by Len��r to 8arrawer that the cundemnor offers to '
<br /> make an awasd ot sttile a claim for damages.Borrower fails t�resg�nd to i.��er withia 3Q days after the date the aotice is - �
<br /> given,Len�er is antheria�to coltxt and apply t��aviceeds,at iu option.errer to:esLOration oT rC-fs,�slr.of the Property or
<br /> to the sums secured by ttus Security Instnunent,wh�er or not then due. � .
<br /> � Unl�,s Lendtr a�cl Borrower otherwise ag��n writing,any application of proceacis to principa)shall not extend or �
<br /> postpone the due date of the monthtv pay�nents referred to in paragraphs 1 and 2 or chan�z the amount of such paynsents.
<br /> 10. Barrower Not Reteas�:.Cc�rbEarance By Lender Not a Waiver. Eater�ian of the time for pay-tu�t or
<br /> madification af amortizatien af ttYe�t�s secure�by this Security Instrument granted by Lender to any successor in
<br /> interest of Borrower sha:I aci eperai�to reteast tue liability of the origina!Burrowsr or Borrower's succ�sors in interest.
<br /> Lender shall not be rer,ui:ed to commence procoedings against any successor in interest or refuse to extend time for
<br /> payment or atherwise modify amorti..ation of the sums secured by this Security Instrument by reason of any demand made
<br /> by the originsil Borrawer or Borrower°s successors in interect.l�ny forbearance by l.ender in exercising any right or remedy
<br /> �d�Sl not 6e a waiver of ac�lude the exercise of ar�y right or remedy.
<br /> 11. Su¢eeswrs�rt Auf�Baund;Jotnt and Several Uabtlity;C�s�gners. The covenantG znd agra�aeats c�
<br /> c�;s 5ecurity lnstrument s:��Sl bind and benefit the successors and assigns at�:zder and Borrower,suC�ect to the pra:�.RC*�s .
<br /> ofparagraph 17.Borrower's covenan.ts and agreements shall be joint and several.Any Borrower who co-signs this�:.��[y
<br /> Insirument but does not execute the?�c;�e:(a)is co-signing this Security Instrument onLy to mortgage,grant an�:�nvey
<br /> t�at Borrower's interest in the Pro�erc���dcr the terms of this Security Instrument;(b)is not personally obligated to pay
<br /> ct�e sums sceured by this Secnrity Inscrs.�:^t; �r3 rc)agrees that L.ender and any other Borrower may agree to extend.
<br /> inodify.forbear or make any accomme�az:�:�s:��;:'ti regard to the terms of this Security Ins�rument or the Note without
<br /> that Borrower's consent.
<br /> 12. Luan Cbatges. lf the lQ:�rs secureA by this Security lnstrument is subject to a law which sets maximwn 6can �
<br /> charges, and that taw is finally interpreted so that the intetest or other loan charges collected or to be call� in
<br /> connection with the loan eacad the permitted Iimits.then: (a)any such loan charge shaU be reduced by the amount .
<br /> necessary to reduce the charge to the permitterl limit;and(b)any sums already collected from Borrower which eaceeded •
<br /> pemiitted limits vrill be refunded to Bonower. Lender may choase to make this refand by reducing the priacip��awed � � ,�>
<br /> under the Note or by making a direct.�..�yment to 8orrower.If a refund reduces pnncipal.the reduction will be tr�ced as a �.�
<br /> partial prepayment wiehout eny prepa�ment charge under the No[e.
<br /> 13. Le�isladun AtfeMtag Lender's Rig��. IP enactment or expiration of applicztr[e lac�us has the effect of
<br /> r¢ndering any provision of the Note or this Securixyr Instrument unenforceable accotdiog to its terr.�ss.Lender,at its option. :�
<br /> ctLSy require imrnediate payment in full of al)sums secured by this Security Instrument and may invoke eny remedies
<br /> perrnitted hy�tragroph 19.1PLender cxercises this aption.Lender shaU take the steps speci&ed in the second para�ph of
<br /> paragraph�7. '
<br /> 1�. 7s�Hces, �r,.!notice to 8nrrower provided for in this Security Instrument shall be given by Qeliver�ng it or by :;'s;� .
<br /> mailing it b�:first class c�ail unless applicable law requires use of another method. The natice shall be direeted to the ���;}: '
<br /> Property A�d.c�.ss or any other address Barrower designates by�otice to I,ender.Any notice ta l.ender shall be given by
<br /> first elass m�t to Lender's address staeed herein ar any other addresc L,ender designates by notice to Botrower.Any notice
<br /> providod for in this Security Instra�ttes.�shAll be deemed to have t►een given to Borrower or l.ender when given as provided
<br /> in this paragraph.
<br /> 1S. Co�erning F��s;Se�srability. This Se�urily Instrument shall be governed by federal law and the lAw of the
<br /> S��isdiction in which the Property is located.ln¢Fr.�:event that any pr�visiun or clause of this Security lnstrument�r thc
<br /> Note conflicis with applicable law,such confliet shall not affcct other provissons of this Security Instrument or the Nute
<br /> whieh c&n lx given efFect without the canflicting provision. fn this end the provis�ons a}'this 5ecur�ty Instrtrment und the
<br /> � Note aro d�la��to be srverable.
<br /> 16. BOROwEirS��y. $orrower shal)be given nne canformed cory of the Note and nf this 5ecurity Insirument.
<br /> 1'f. Tran�fer af L'1�o�e Property or a &neflclal lnterest fn Borrower. 1f all or any part of the Praperty or any
<br /> inttrest in it is sold or[raasfened(or if a beneflcial interest in tiarrower is sold or transfcrred and�3orrower is not a matural
<br /> person)witin�r�!Lender's prior written consent,Lender may,at its optlon.require�mrrraieate paymtnt in full of�tS sums
<br /> secuted b�t's�is Secu�tX instrument. Hnwever. th�s�ption shall noi be exerc�sed by y.endcr if exercisc is prohibited by
<br /> federa!Iaw as oPtht date�k'this Secur�ty instrument.
<br /> If Ltnder exercises Ehis opiian.Lender shall give Horrawer nat�cecf;:cceleration.'fhe notice sliali prvvide a per�ad �+'
<br />' o1'not less than 30 days from the date the notice is delivered ar mailed wuh�n which Borr�wer must pay ali sums secared by
<br /> this Securit�Enstrument.{f Bnrrvwer fails to pay these sums prtar to the eapiratinn of this per�ncf.l.ender may ro�oke any
<br /> remedies perr.�itted by this SeCUrity Irstrument witNouY further nalue ar demand on I3c,rrawer
<br /> IS.Borrowlt's RIgLt to Reinstate. 1P�orrower metts rettain cnnd�tt�ms.aorruwer shall ha+rr ihe nght to have
<br /> enforcement of this Secunty Instrument discontinued at any time pnor to the earicer��f.(b)S days(or tiuch other pertad�s �
<br /> applirable(aw msy specify for reinstatementl before sale of the Pr�peny pursuant to any pnwe►��i sale contaitted m�hi� ���
<br /> � Secu�ity Instrument;ar(b/entry<�f u�udgment enforrmg this Secur�ty Instrumem Th�tise cundivan� are thmt ti��rruwer.
<br /> (a)paya t,ersdcr all sums wh�ch then woulrJ he dae under th�s 5ecurity Instrumen� and the !Ve�te had n�►aecderat�cm ���
<br />: t�ccutred: (b)cureg nny detauh o1'any olher rovenants or a�reement�. (c)pays�U cxpenses mcurred m enforcmg th�s �.,,
<br /> Secunty Mstrument, includmg, bW nut hm�ted tu,veasanable�ttarr�ey� fees,und(d)take��uch uct�un:�s Ixnder may ��.n�
<br /> reuonably rcyutre to asSUre that the lten nf thts Secunly lnsttument. Lendcr't nghtti in the Yr�perly ancl ID��rrnuer'� �
<br /> obl�aat�nn t� �fay the sums c:�:ured by th�s Seeurny Instrun�ent �Ejatl c��ntm�re urTCh�ngeci t�lH�n te�f�stuleitte��t hy _ '�
<br /> �rre,wer,thi�Stcunty Instrwner�t end Ihe ub6Eeet�vnc�ecured hrrehy rhall reaw�n full�efTe�t�ve a�if m�arceleratc�•tF hsd `�
<br /> ewcu►red N�wetier,thet nght tn re�nstnte chall n��t�ppl�m the ca�r��i aiccelercrtiE�i,under rara�¢taph�t ���r 1 y
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