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<br /> k � � � � � -. �. . . , , . , _ 90--�o�2s7 � �
<br /> ' If Lender reguired mortgsst insurasce as a conditian of makiag the toau secured.by this Security Instrumsat. � `
<br /> � ' B�rro�ru shatt p�Y the pnen�imns reqnit+ea to m�intain t6e insurance in eRect uat�auch timc ss the ra�uiremeat for tbe � .
<br /> _ ' ' � insnrauce te�rminat�s ip aacordance�ritL�da aad Lendes'a�veiittea t ora t�cabte I�w. ` � <
<br /> '• , i. I�eetb�. I.mder or its.sCeai,may mske rasonable eetries u�insppections of the Pn�perty. Leader •
<br /> ' ; sb�tl give Horm�ver aotia it tbe time ofarp�wr toaa inspection specifying aasona6le cause for tbe inspection. , � � �
<br /> i.. 9. C�iw. 'Y'he proceeds of uiy award or cl�for dama�ea,diract or canseqwential.in conttecfioa arith .E, . .
<br /> � , say candannation or uther�dcina af�tay part of the Praperty.or for conveyuice in lien aE condemnation,sre.vereby
<br /> ; a�apied md t6aU 6e paid to Lenaer. . .
<br /> -?} � Ict tbe evaft of s total t�tiea of ihe Propett�r,tlie praxeds sl�aU be appliod to the sums secured by this Security � � ,
<br /> � I�atr�menl4 Niiether or nat tha�duG�rith any ea�cass pud to Borrower.In the event of a pattial taking of the Property. �
<br /> i linless Borron►er and I.ender otbenvist sarx i�an�vritins.tUe sums seCnred 6y this Seciirity lastrument s'hall be reducxd by
<br /> � tfie smonnt of the pracced,s mu2tipiied by the follo�rina fi�ction:(a)the totai aa►ount of the swns secured imtnediatdy ;
<br /> : � beCore the tatia�.divided lr�@)ffie fiir maricet vatue of the Property unme�stely bet'aro the talcing.Any b�lance shaU be .
<br /> , p�id to Borr+�nor .
<br /> i , . �'t�i��EYVpe�ty i�sbaadoned by BorroWer,or if,aRer notice 6y Lender to Barrawer that the candemnor offas to
<br /> �,� � msice�ap s�vai$or settte s etaim for daanges,Bc�=ro�var fuls to respond to Leuder within 30dAys after ihe date the aoticc is
<br /> � � j �ie�s,'I�nrder is antborized to colkct aAd apply thepinceads,ai its option,either to restor�iion or repaii af the Property or .
<br /> • � , t6tttesums secured by tltis Security Instrument,�vhetheror not then due. •
<br /> Unkss�.jender aad Borra�ver atberw�ise agm in writin8��Y 8PPhcaMon of proceetts taprincipai shaU not eatend ar
<br /> •; -.�.;� :'. � postpone the dae dste of the montlilY P�3+menta referred to in P�S�Phs 1 and 2 or change the amount af such payments.
<br /> : .::: � � 10.. B6trower Not Relea�e� Fabeu�te By Leader Not a Wai�er. Extension of the time fur paysncat or � . ..
<br /> `�::::- ' madifiquian o�f amortintioa of t6e sums savred by this Security Insit�mmt grantod by Lender to any successor in
<br /> . ' � . 'interest of Borro�rar sball uot aper�tc to reteaSe the liab�ity,of the origina!Borrowu or 9orrower's succes.gors in inta�cst.
<br /> ! , Lenckr sbt+lt aot be required w com�eace procadings against any successor in interest or refuse to extend time for � '
<br /> ' psyment or otfiierwise modify amarbza��n of t&c sums secured by this Security Instrument by reason of any demand made
<br /> ! by the originat Ho�rrorvec or BotrrnvePs succ.essors ia i�terest,Any forbearance 6y Lender in ezercising any right or semody
<br /> ; sl�tt ao!be a�vaivetof or prtclude tba exercise of aa�sight.or remedy. . ,
<br /> #' ll. S�ereaors�sd Msi�Ro�d;Joiat�.Se�eral I;isbility;Co�s. The covenants asid agraments of � :�'��
<br /> 1 tbi�Sccudty Instrument shsll bind and 6aie6t the s��cessors ead assigas af I�ender an@ Bo.�nswer,subjcci to the prorisions . ` • �
<br /> � of pa�'ag�pb l7.BorrowePs covenqnts ac�agrecmmts shall be,joicit and sevaral.My Bar��ver who co-signs this Security , � � . `:.�
<br /> Instrummt but does not eaecutt the Note:(a)is co-signing this Security Instrument onty to mortgage,grant and convey
<br /> � that Bonower's interest in the Property under the terms of tbis Security Instrument;(b)is not personally obtigated to pay �. .
<br /> , the sums savred by this Socwity Iastrumrnt;and(c)agrees that Lender and any other Borrower may agra to extered. i. .�,�:.
<br /> i modafy,forbear ar malce any accommodations with regard to the terms of this Security Instrument or the Note without
<br /> � � that Borrower's cousent. � • i. •'. �-
<br /> 1Z. I.ou Chae�p. If the loan,securod by this Security Instrument is subjoci to a taw which sets maximum loan
<br /> f chuges, and that !sw is fln�lly interpret� so that the interest or other toan charges co!lected ar to be collected in
<br /> � cannxtiqn with the toan eacoed the permitted llmits. then:(a)any sach loan charge shall be reduced by the amount .
<br /> ` • neaessary to reduce the chacEe to the permitt�d lir�it;and(b)any sums already collectod from Borrower which exceeded
<br /> � permitted timiis will be refunded to Bonower. Lender may choase to make this refund by reducing the principal mwcd
<br /> undtr the Nute or by making a direct pa�meni to Borrowet.If a r�und reduces principal,cE�e reduction will be treat�as a � •
<br /> partisl prepsyment without any prepayment chargeunderthe Note. � �
<br /> ]3. I,�blatios AfFtetiag Lender'a RIahU. /i enactment or ex�es�:ion of applicable taws has the effect of
<br /> . renderinE aay pravision of the Note or this Seeurity InstrumKnt unenforceab;e according to its terms�Lender.at its aption.
<br /> � rnay require immediate payment in fu!�oP all sums securod by this Security Instrumeni and may invoke any re�cc�ies
<br /> � penpittod by psragraph 19.If Le�der cae�rcises this option,Lender shall take the ataps specafied in the second para�aph of
<br /> f RaraBraPh 17. � ,.
<br /> � 1�. Notka. Any riotice to Bonower pra��isd for in this Security Irstrument shall be given b3��:Jivering it or by }
<br /> mailing it by�lrat class mail unless applicable law raquires use of another method. 7'he notice shall be directed to the �
<br /> Property Addtess or any other address Borrowerdesignates by r.otice to Lender.Any notice to Lender shall be gsv�u by ��� `
<br /> ( . first class mail to knder's address stated herein or any mher address L.ender designates by notice to Borrower.Any notice � • :
<br /> � ptovided for ie this Socurity lnstrnment shail6e deemed to have been given ta Borrowcr ar I.ender when given as provided
<br /> � im t1:is pusgraph. . .
<br /> � ls. Co�erut��Ls�;5e�erabllity. This Security Instrument shal!!�govemod by&deral law and the!aw of'the__ :_
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<br /> ; jvrisdiction in which the Property is located.ln thc event that aev pruvision or clause of this Security Instrument ar the
<br /> ' Note eonHiets r�ith appticable law,sue�conflict shall not affeci aeh�r ptovisions of'this Security instrument or t�:�fiote
<br /> ' which oan be given effect without the wat7flicting provision.To this end the provisions of this Securily Instrument and the
<br /> j Note are declared to be se�e�abte.
<br /> i l6. Horrowe�'s Co�y. Borrower shall be given one eonformed cnpy of the Note and of this Security Instrument. ' � '
<br /> ; iZ Trauk�ot the Property or a Beneflc(d Inttrest in B�rrowe�. If all or any part of'the Property �r any
<br /> interest in it is sold or transferred(or if a berteficial interest in 8orrower is sold or transferred ertd Borrnwer is not a natural �
<br /> person)without Lender's prior writtea consent.I.ender may,at its option.require immediate payment in iull of aU sums
<br /> ' • . stcured by this Security tas�trument. Hawever, this nption shall not be excrcised by Lender if eaercise is prohibited by
<br /> � � federallawasafthedatcaEthisSecnritylnstrnment. • •
<br /> , 'If Lender exereists lhis vption.�.ender shall give Borrower n�tice of acceleration.The nutice shall provide a periud �`= _—
<br /> of not l�ess than 30 days from the datt the notice is delivered or mgiled within whicb Borrower must pay all�ums securecf by
<br /> . this SeCUrity Insttument.If 8orrower faits to pay these sums prior to the expiration of Ihis period. Lender may invuke any '
<br /> -... . - •�aliss p��aiiia!hy LhisSeeu�iLy tnstrums�t u�tkaszF€u�iher notic�or dert��rtid e�r Bv�r�wrr. • . '- �
<br /> : 18.Borrower'g Right to Reiestate. lf Borrower meets certain cnnditinns.Harrower shall have tht righi to have �
<br /> enforcement of this Security Insttument discontinued at any time priot tn the r�rlier of:(a)5 days{or such uther perio�i a5
<br /> applicab2e!aw m�y specify for reinstatement)befare sale of the Yroperty pursuant to any pnwer nFsale conta�tteri in this �
<br /> � Security Instrumenl;as(6)tntry of a judgment enfon;ing this Security Inslrument. "those conditions are that Borrowrr:
<br /> (a)pays Lender nU sums which then woutd be due under this 5ecurity Inscrumerit and the l�lote had no arreleration
<br /> , occutrtd;(b)cures any defuult o�any"diher covenants ar agreements: (C)pays all capenze�incurred in enforcing �his � ti
<br /> � 5ecurity Instrument.ittctuding.bu!not limited to,teasonAble attomeys fees:�hd(d)takes such actian ac l.ender may, '
<br /> re�on�bly requlre to�ssute that ihe Iien of this'Sectstity-Ittsttnsr�cr�E. l.encler's r�ghts in tfie �'ropeRy :fRd HUYt��wet's ' ��
<br /> . o6l�gation to pay the surrts seeured 6y this Securiiy fnstrument shall c�ntinue unihangrcS. El�x�n rem5t�teme��t by ;- �.
<br /> Batrower,this 5eeurity tnstrunsent and 1He obtigattons secured hcreby sh.ili remain fully efiect�v��,�f�ta acccicrati�m had r °
<br /> occurred.Howeve�.this right to reinstate shall�nat apply in the casc of acceleratiai under paraKr:,�titis 1�c,t i�T. . .
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