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� - -- _. . _ : . _. .�. _ _ . _ _ - - -- -_-_-- --- - -_-_-j
<br /> f � . 90—�.a�sa� _
<br /> ' ! � I£Lender roquired mortgagc a�sprancc as a candition af making the Ioan secured by this Security Instrutnent,
<br /> Borroaec.shafl pay the premiums requireed to maintain the insurance in effect untif such time as the tequirement far the .
<br /> iast�sance trrminates in aecordance v�ith Horr�wer's aa�L�cde�s writteri agreement or appticabte taw. �
<br /> 8. Inspec�on. I.ender or its age»t may madce rqsonable entries upon and ins�ectians of ihe Property. I.ender ' ' � '
<br /> shal!give Bormwer notice at the time of or prior to an ittspection specifying reasonabie cause�or the inspection. � �
<br /> : 9. Condemaatian. The proceeds�f any awar�d or�laim for damages�direct or consequentia},in connection with
<br /> any condcmnation or other,talcing of,any part of tfie Propert�,or for conveyance in lieu of condemnation.are hereby
<br /> assigned aad sha!!b�e paid to Lender. �
<br /> ' In the event pf,�tptal takin�of the Property,the proceeds shall be applied to the sums secured by this Secntity .
<br /> Instrurt�ent,whether ar,not,then due.witis any eacess paid ta Bosrawer.In the event of a partial taking of the PrQperty,
<br /> w►tess BosroFVer and�.ender oiherwise agrex in writing,the sums secured by this Security Instrument shall ibe reduced�sy, _
<br /> - .th�an�qµnt.of the praceeds raultiplie�by the following fraction:(a)the total amount of the sums-secured immediatety •
<br /> befor�the;taicing,divided by(b)th�fair�nar$et vatue 4f.the�roperty impnediately before the taking.Any ba}ance shail be -
<br /> , paid to Borrower. " �,...;
<br /> If the Property is abandoned by Borrower,or if,after notice by,Lender.to Barrower that the condemnar offers to _ -. .
<br /> make an award or settle a ctaim�or,damages,Borrower fai�s.tQ respond to i.end�r ty-itbin 3U days after the date the notice is - , ' ;
<br /> giveis;Lender is authorized to coJl�and apply the procee�s,�at its option,either to restoratian or repair af t(te,Property ar
<br /> � to the sums secured by this Security T�strument,whether or r�ot then due. ' ' �
<br /> Unless Lender ancE Borrawer otherwise agree in writing,any apptic.�tiaa of proceeds to griRCipal shall noi eatend or.- �
<br /> postpone the due da[e�f the monthly payments referred to in paragrap��;f and 2 or change the�tntaµnt of surh paynients.
<br /> 10. Borro�e�,�ot Released; Forbeyraace By Leader Not�a t�1"aiver. Extension �f the time for payment or '
<br /> modifiqtion of amortization of the sums secured by thu Secursty Instrument granted by Lend:r to ai�y successor in � �
<br /> interest of Borrower shall not operate to release the liability af the original Borrower ar Borrower's successors in interest.
<br /> Lender sha!! not be required to commence praceedings against any successor in interest or refuse to extend time for,
<br /> payment or otherwise modify amortizarion of the sums secured by this Security Instrument by reasan of any demand made
<br /> by the originat Borrowet or$orr�wer's successors in interesi.Any forbearance by Lendes in exer�ising uny ri�ht or remedy .
<br /> � � shaq not 6e a waiver ofor prectude,ihe eaercise of any right�s.remedy, � � :• �.
<br /> � 11. 5uccessors and.AssigRs Bound;Joint and Sevecai Liabi�it�;Casjgrters. The covenants and agreemenu of � > `
<br /> � this Security lnstrutnent sha11 bin,�and benefit the successors as�as�igrs.�f',I.ender an�Borrower.;ubje�t to the provisian�,,:, •
<br /> af paragrapb 17.�orr��er's covenants and agreYtnentS 5hai�be joint;sids:veral.Any Borrower�yht��cksigns this Securit��;�. � •�
<br /> lnstrument but dne��o:.exetute the Nate:(ay is ca-signing this Stcuri��instrument anly.to mo.itga�e,grant,and convey, ;. f��.��`
<br /> that Horrower's inteFest in the Praperty under the terms.of�his.Security Instrument;(b)is nol�persona)1)7 ublig�tcd ta pay '
<br /> the.sums.secuted by this Security lnstrumettt;.and.(r)agre:s that,l..ender and any.uther Horrl�wer.rl�e,y,.agcee•tp extend.
<br /> modif}�,fotbear ar make any.accommodations,with�regard to the terms of this Security Instrpm°.�t,�r t��Note without � '
<br /> that8arrower'sconst�tt,,, � _
<br /> 12. i.o�n Cdarges. lf the laan seeured by this Security 3nstrument is sub1ect to a law.vihi.h sets maximum loan � - =
<br /> , charges. and.that law is finally;;in�e/�p�gted tio that the interest or other toan.Gharges collected or to be collected in � � :--`
<br />: connection with.the loan exceed.tti.,petrnitted timits. then: (a)any such loan.charge shall be reduced by the amount = ��
<br />. ; necessary to reducc.the charge to.the permitted limit:and(b)any sums alre.�ady,cullected from Borrower whieh exceeded .4 �
<br /> permitted limits.wil�,�e,refu�ded to Borrower.Lender may choose ta,malte thiS,refund by reducing thr principal awed ��
<br /> under the Note or b}°m2,king,a direct paymen�ea,aoriower.If a refun�,red�.tcRS pnnsipal,the reduction will be treatedas a
<br />, • partial prepayment.witf�out any prepayment cEx:�ge under Ehe Note., ;
<br /> ; 13. Legislation Affecting I.ender's Rip,hts. IP:;►tia�tment �r expiration nf applicable laws has the efiect of �
<br /> rendering�ny provisian of�he Nate or this Secunty lnstrum;nt une�farceable according to�ts ttrms.l.,ender,at its�pnon. � �
<br /> may require immediate payment in full af all sums secured by thic Security Intitrumeni and may invoke any remedies �r-
<br /> • permitted by paragraph 19,li'l.endes exercises tP:is aption.Lendcr shall take the steps sprcified irc t!:e second paragraph af
<br /> paragraph 1�. � �:.�'
<br /> 14. Notices. Any noticc to Borrawer provided forin this Sccurity lnstrumenf Shal1 be given by delive.ing it or by '�
<br /> mailing it by first class mail unless applicable lxw rcquires use of another method. The notice shall be directed to the �
<br /> Praperty Addr�s or any,nther address Borrower designates by natice to I.endcr. Any notice to Lender shall be given by �.
<br /> first class maiJ to t<ett�°r's,address stated here��t vr any.mher addreys Lc�tdrr des�gnateti hy notic,�:rc biarrowcr.Any noticr_
<br /> • � pravided fo�:n th�c,S,x;urity Instrument ahall t;�:deemed to.!�ave he�n�ivCrt tc�Bc�rr��wer or Ixrt�er es•tren gi�•en as pravided
<br /> ' in this.�+ar�graph,.; �
<br /> 15.:.Corer�ing I,Awi Sevetability. This 5ecurity..lnstrument shall hc ga�err.ed hy federal Iaw and cfir law oP Ihc
<br />, _ ._. __.._...._jurisdtcti.�s�in which.thei�roperty is located, tn the evetrc thvl any�prnvisic>n nr�rlause c�f thi!�-SecLrily lnhtrument �r 1hr � �- -- ------ � - --� �
<br /> Note conflicty witp�appliwt�ble law,such can8a:t�shalJ nat affect uther provisions of this Securit� ir�strument ar thr Note
<br /> which can be given effect without the canRictss�g prdvisi�n.To this end the provisiuns of th�s Secur�ty lnstrument and she
<br /> Note�re declared to bc severab!�a,
<br />' f6,;.Borrower's Capy. Haarower shall be given e:::canfnrmed c��py of'thr late and uf this Security rr,strumer.r.
<br />� 17. Transter of t6e Prv/erty or a BeneRcial Iatecest in Borro�ver. If a11 or any part of thc l�mperty <�r sng �
<br /> interesl itt it is so2d or transferreti(ot if a benehcial intetest in Horrnwer it�c�ld nr transferrcd and N��rrc+wcr is nr�t a natu;4F
<br /> person)withvut Lcnder's prinr written conseni,Lendet may,at�ts uption.require immediat6 paytnent ui ful!at all sums
<br /> secured by this Security lnstrument. However,thi�c�ptt��n shall nc�t bc cxr�cised hy LEncicr iP exhrrise i�pr��hihited by ---__
<br /> federa!{aw as c�f the date of this 5ecurity Instrument. . �
<br /> If l.ender exereises this Upti��n.Lencier shall give Hmrnwer nntice uf accelerauim.'i hr n��tice�hall pr�►vtde a period
<br /> nf not Ie�s than 3U days frc�m the date Ihe nutice is delivere�i��t ma�lcd withui which Bnrrower�nutit puy all su�u�yccured hy `
<br /> Ihis Sctiutity lu5trument.Ii'Horruwer fails tci pay thrse sum�pri�+r to�hc rxp�ratiun c�P th:�pcnc,d,l,ei�der�nay�wv�+kr any � �
<br /> teme�ies perrnilteci by this 5eeutity t•nsirument withnut furthcr nnuce��r dem�nd on Hurro�acr. .r�_
<br /> � 18.Borrower's HigLt tu ReinState. If Borrnwer mects certain cnnd�t�oiiti. Hurruwct tiliall havr Ihc'r��iil t�►ha�•r �
<br /> e�aPc�rcemen!eif thtis Secunty Instrumenl discantinue�i at any t�nte pr�or in the e:�tlter of:(.�)5�t,�y�Ie�r wch e�ther p•�r���d�+
<br /> � upplteahlc lat��may tipccify for remstatttnent)hefure sale i�f ihe F'r��petty purwar�t tt�:�ny puwrr��f'�alc c�uuamcd nr�lu� .
<br /> Secuttty l��struincnr,ur{h)rniry��f���adgmenf enfnrr���g this ti�cur�ty Ir��truti�rnt, i h��te ce�vTCin�vm,�rr th:,t lir�rs«��er
<br /> (a!p�y. Len�ter all tum� wh�rh then a��uld be due uuder th�� Se�unty lmtrunir»t and thc hutr h��d ��o ac�cicrat,�m �"'
<br /> c��curred, Ib► cure� aay defuul! of"ariy uther ruvenatrts irr e�reementa; E�•} p�yt :�1{r!s{tc:a,t-� �ncUrrc�1 +rf cnfE�r�•��,�; tt���
<br /> ��
<br /> Se4tsFit} ln�tfe�nreal, inrlu�l�ng. hut ttc,t htntteel to. rea�unahb: �dturr�ey; fcc�,an.1 (i4� t.�ke+ �uc,h :�au��u ,�, 1 cnJcr mav ;t.
<br />- seav��t�ahly reyu►r� i�r astiurc ttfai 1h: {irtr c�f'thts Sr�unt�- In4ttumcnt. I.CS34fCE�4 �ight: i�i thr. i`�,,�,citi :;►ui 14��tr�n��cr� ;, Y
<br />_ . �rhtrg�tu7n tr� �ap- rh+� sirt�� e<�E-iifcet E�y tfiis 5ecun[} Iu+aurricnt �ii,U �-��nuu,�c �u�,i�.�»�Eel 1 �,,.,� ft'f�i��.4�t'iil.'�t� �,e
<br />; H�,tt+su�t.ih��>etut�i,+'��I►�Irulnelu aiidlhec�hli�.tl�!rttti•.,•cuteil hcrcf�y Shall rcros�n fullY rfl'c.t�•.i•,��re nn.i��ci�•F.�tt��n h id
<br /> �d�4'�lttfd Hi�.6e�fr,she.r�E!hF f��rcin=.taierha{i n��t�����i} tn ti�t�.stic,•f a<<cl:•tah�,i: iridci {•.ir.�F::.��•1,. �i,�� I .
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