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<br /> 90--i 0�45 4
<br /> rIf�ender required mortgage intiarance as a cm�diti�n��f making th� loan �ecured b� thi�Security Instrument,
<br /> Barro+��er shal! �Ay the premi�►ms re�uir�d tc�main�sain the�nsuranre in e�'ect until cuch time ac the requirement far the
<br /> insuranre termi�ates in Accordance with B�ttow�er's�nd Lender's w•ritten agreement or applic�ble law.
<br /> �, lnspectiaa. I.ender or its ugent ma}� make reasonable entries upun ;�nd insE�ections��i'�he Prcperty. Lender
<br /> shall give Borrower notice at the time of or priot ta an inspection speciiying reusonable cause for the inspection.
<br /> 9, Condemn�tlon. The proceeds oP zny award ar ctaim for damages,direct or cvnsequentiai,in connection with
<br /> any cnndemnaeion or ather taking of any part of the Property. ar for con��eyance in lieu of condem��ation, are hereby
<br /> assigned and shall be paid to Lender.
<br /> In tl�e evenl of a total taking of the Property.►he proceeds chall be applied to the sums secured by this Security
<br /> Instrument,whether ar not then due,with any excess paid to Borrower. ln the event of a partial taking of ihe Propeny.
<br /> unless Borrowrr and Lender atherwise agree in writing,the sums secured by this Security instrument shall be reduced by
<br /> the amount oP the proceeds multiplied by the fbllawing fraction: (a) the tatal amount oP the sums secured immediately
<br /> bofore the taking,divided by(b)the fair market value of the Property immediately before the taking.Any balance shall be
<br /> paid to Borcower.
<br /> IPthe Property is abandoned by Borrower,or iC aSer notice by Lender ta Borrow•er that the condemnor affers to
<br /> make an award or settle o clairn for damages,Borrower fails to respond to Lender within 30 days after the dAte the notice is
<br /> given,Lender is authorized to collect and apply the praeeds.at its option,either to restoration ar repair of the Property or
<br /> � to the sumc secared by this Security Instrument,whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing.any application of'proceeds to principa!shall nat extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount ot'such payments.
<br /> � 10. Borroxer Not Relesaed; Forbearance By I.ender Not a �Valver. Extension of the time for payment ar
<br /> modifieation of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> interest of Borrower shall not operate to release the liabitity of the original Borrower or Borrower's successors in interest.
<br /> Lender shall not be required ta commence proceedings against any successor in interest or refuse to exte�d time for
<br /> payment or otherwise mocfifj+amortization of the sums secured by this Security Instrument by reason of any demand made
<br /> by the original Borrower or Borrower's suceessars in interest.Any farbearance by Lender in exercising any right or remedy
<br /> shall not be a waiver of or preclude the exercise of any nght or�emedy.
<br /> il. Sucressors and Assigns Bound;Jotnt and Several Li�bility;Co-signers. The covenants and aE�eements of
<br /> this Security lnstrument shall bind and benefit the snccessars and assigns af Lender and Borrower,subject tothe provisions
<br /> oPparagraph 17.8orrower's covenants and agseementsshall be joint and several.Any Borrower who co-signs this Securit�•
<br /> lnstrument but does rot eaecute the Note:(u)is co-signing this Securit� Instrument oniy to mongage,grant and come}
<br /> that Borrower's interest in the Property under the terms of this Securit�tnstrument:{b)is not personally obligated to par ;
<br /> the suma securr.d hy 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 ot th�s Secunty instrament�r the i3ute witi,vui -- =
<br /> = 2iis2 uvPiCivic'i��wiiScit�.
<br /> ' l2. Loan Cbuges. If the loan s�cured by this 5ecur�ty lnstrument is subject to a law which sets maximum laan � -_
<br /> charges, and that law is finally interpreted so that the interest �r other loan charges collected or ta be collected in
<br /> conrtr:ction with the laan 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 eaceeded .�
<br /> permitted limits wi1L be refunded to Bonower.Lender may choose to make this refLnd by reducing the principal owed i
<br /> under the Note or by making a direct paymcnt to Borrower.If a refund reduces principal.the reduction will be treated as a
<br /> partiai prepayment without any prepayment charge under the Nr:..
<br /> 13. I.e�sl�tion AReeting Len�er's Rights. If enactment or expiration of applicable laws has the effect of�
<br /> renderingany provision af the Note or this Security Instrument unenforceable according to its terms,I_ender,at its option. ,•`
<br /> may require immediate payment in full oi all sums secured by this Security Instrument and may invoke any remedies . ��
<br /> permitted by paragraph 19.If Lender exereises this optior�.Lender shall take the steps specified in the second paragraph of
<br /> paragraph 17.
<br /> 14. Notices. Any notice ta Borrow�er provided for in this Security Instrumcnt tihall be givrn by deEi�ering it or by ; '�
<br /> mailing it by first cJass mail uoless appticable law requires use of another method. The notice shall be directed to the � �" '
<br /> Property Address or any other address Borrower designates by notire to Lender. Any notice to Lender shaU he given by
<br /> first class mail to Lender's address stated herein ur any ot her addres�Lc�ider designatec by not►ce to Borrower. Any notice
<br /> prvvided for in thisSecurity lnstrument shall bedeemed to have beeit gnen to Borrow•er c�r Lender�chen given as provided
<br /> in this paragraph.
<br /> 1S. Governing I.�w;Severability. This Secunt?►•Instrument shall be gr.erned by federal la�ti• and the law of the
<br /> jurisdietion in which the Property is located. In the e�ent that any provision or clause of this Secunty instrument ar the
<br /> Note eonfliets with applicable law,such �onf�ict shall ncit aff'ect other pmvisions of th�s Serurily instrument or the Note
<br /> which can be given effect without the conflicting provision.To thi�end the provisiom of thi�Security instrument and the
<br /> Note are declared to be severable.
<br /> 26. Botsowes's Copy. �a=rottes shxll be g:ven sme cvnformed cnp}•of the Note and o('thi�$c�uren' imirument_
<br /> 17. 'transfer of the Yroperty or a Beneficiai interest in nvrr�wer. i6 a;, ��r any par� „�t« P�oF,�tiy ci any
<br /> interesi in it is sold or transferred(or if a beneficia!interest in Borr�«er is sold or transferred and Borrower is nc�t a natural
<br /> person)without Lender's pria*written ec�nsent,Lender rnay, at it�opucm, require�mmediaEe�ay�meni �n fuU nf all sumt
<br /> secured by this �ecurity Instrument. However, this option tihal! nut he eMerci�rd by ,i_ender if cxerc�5e is pmhib�ted by
<br /> federa!faw as of the date of this Security I nstrument. �-= T— --
<br /> If Lender exercisec this option,Lender shall�ive Borrow•er notue�f acceletatum.The nottce Ehall�rovide a per�od '
<br /> oP not less than 30 days frem t he date the notice is deiivered or maiirJ.�•iti�iu :�t�ii�[3���r.i�Cr nu���a�a::=um,sccused by .
<br /> this Security Instrument. lf Bnrro�3•er faits to pay the�etumti}�riar to the rxpir;�tum i�f thiti�enod, Lender may �nv�,ke any
<br /> remedies permittcd by ihis Security Instreimrnt a•ithc�ut furthcr not�re or dcmand��n H�rrower.
<br /> 18. Horrower's Right tu ReinstAte. If Horc��arr meets eertd�ry conci�tu�m. H�rn+wrr�}iall tiatir thc r�ght t�� ha�c
<br /> enforcement of this Seeurity lnstrument dncontinued at any t+me pr�or to the earl�er nf: {a15 dac�(c�r�uch ��ihrr pen�xi ati p
<br /> L applicable !au rnay tpecif}for reintitatemcnt) hcfc,r� tiale of the I'r<��+crt} pur�uant t��any �nurr c�f tialc c��ma�ned in thi� �
<br /> Seeun.}�Instrurnent; ��r(b)entry��f a judgment enE'<�rem�th�5 5crunt� In�trument 1 h<•.e c��nditum� :+re tfc:t H��rr��«er ��
<br /> (a; pays I.ender all sum�. ahich then ac�uld he due under r�it Sr:urit� Imtrumcrn anJ thr ti��te had s��� .��.�•Icraunr� d'
<br /> accurred; (bl rure�3ny defaull uf any ��ifier �u�rnanls <+r e�r�•rruenh. !�� ra}• ,II r��en.e+ incurnci m ent�uunF� thi. �
<br /> Sccurity lnstrurnent, iurlud�ng. but not limited ro, rca�c�roahlc alt��inct�� (rc�. as7�J �c�i t��l.r� �u;h acn<m .i� I c•ndrr m.iy �
<br /> rcaton�bly� rcyu�rc tn ,���ure that thc hen of thiti Seiuts?y 1n�trurncnt. 1 cr„1ri'. ii�ht. in tl�r f'r���rrt� .�nd it��rr���+cr'� . �
<br /> ubhcaUun to �a} thc �urn� ,crurcd hL thi� 5c�iiritp :n.trutnrni �hell �•�u�n,u� u��.}i.ui,;�:i I ����:� rr�n,t.it�mrnt h� , .
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