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<br /> 90--• 10�937
<br /> � ��1i�t�•�wmd �rt��1R.i�c�ance ac u cnnditian uf maki�g the la9n serured hy this Secwity lnsirt►ment, �
<br /> &�►�rciN•�r i�ha►ii�i}r�ie�e� - �ed��o maintaia the insurance in effcct untii such time s�.s the reyuirement for the
<br /> , insurance�errtfln�ta�n��l'[I. rower'axndl.ender'awrittenngreementorApplicablelaw. �
<br /> ; a. laa�t�e ;.��" may make reasonablc entries upcm and inspections of thc Prc�peny. Lender
<br /> � shall�ive Borrawer notice at the time of ar prior ta an inspectian specif�iog reasonable ca�se for the inspection.
<br /> ' ° �•:��.:•�:la�. The pr�xccu;c�t'any eward or ciaim ior damages,direct ar cansequential.in connection with
<br /> � any candenmAtion or athr.r taking of any pan oP the Praparty,or for con��eyance in lieu of condemination. are hereby
<br /> � as.�igned and shxll be paid to Lender.
<br /> i In the event of a total taking of the Property. the proceeds shall be apptied to the sums secured by this Security
<br /> � I�strument,whether or not then due,with any eacess paid to Borrower. ln the evcnt of a partial taking of the Property,
<br /> unlas Sorrower and I.ender atherwiseagree in writing,the sums secured by this Security Instrument shall be reduced by
<br /> ! the amount of the proceeds multiplied by the follawing fractian:(a)the to�al amount of the suma stcured immediate{y
<br /> ± before the taking,divided by(b)the fair market value of the Property immediatcly before the taking.Any balance shull br
<br /> paid to Banower.
<br /> � IP the.Property is abandt��ed by Borrower,or if,after n�tice by Lender tn Bc�rraw•er that thc condemnor atfers to
<br /> make an award or settle a claim fcrr damages,Borrower faits to respond to Lender K�ilhin 30 da�:s after the date the noticc is
<br /> , � given,I.ender is authorized to collect and ap�Cy the procceds,at its u�tion,either to restoratiom�*r repair of 1hc Properiy or
<br /> to the sums secured bv this Security Instrument.whcther ar not then due.
<br /> Unless Lcnder and Borrc�u•er othcrwise agree in w�niing.any application of proceeds ta principal shal)not cxtend or
<br /> � postpone the due date of the monthly payments referred to in paragraphs t and 2 or change the amount of such payments.
<br /> 10. BorrowK Not Releaud; For6eannce By Lender Not � Waiver. Extensian af the time far payment or
<br /> modification of amoniution of the sums s�ured by this Security lnstrumrnt granted by Lender to any successar in
<br /> interest ot Borrower shal)not operate to rclease tht liability af'the original Borrower ar Borrower's successots in inte�est.
<br /> Ltnder sh�l) not be required to commence praceedings against any successor in interest or rePase to extend time for
<br /> pnyment or otherwise modiPy amortization af the sumc secured by�hic Security Inctrument by reason aPany dcmand made
<br /> by the ariginal Bormweror Borrawer's suceasors in interest. Any forbearance b�•I.ender in exercising any right or remedy
<br /> j shall not be a waiver of or preclude the exercise of any right or remedy.
<br /> � 11. Succeswn and Asfl�n�8ound;Joint and Se�Rnl Llability;Cas�gners. Thc cm•enants an�agrecmcnts of-
<br /> this Sccurity Inst�ument shal)bind and benefit the succcKSOrs and assigns oP Lender and Borrower,subject to the provi�ions
<br /> � of paragraph 1�.Bc�rrower's cavenahts and agreements shall be joint and sever:il.Any tiarrnwe�who co-�igns this Security
<br /> iInstrument but does not execute the Note:(a)is co•cigning this Security lnstrument only to mortgage,grant and convey --
<br /> � that Bc�rrower's interest in the Property under the terms of this Secunty Insirumen[,(b)is not personally abligated to pay ' ��
<br /> _? _ �}1lSLLII1S S[CUtC[��W thic Gr�rit� I�ct������ a���,��a������n��„u'e�auo any other Borrower may agree to extend, !
<br /> i modify,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note withaut '�
<br /> that Borrower's consent. `
<br /> , 12. Lorn Ch�rges. If the loan securcd by this 5ecurity Instrument is subject to a law which sets maximum laan .
<br /> charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br /> � connxtian with the loan exce�d the permitted limits. then: (a) any such loan charge shall be reduced by the amount �
<br /> ' necessary to reduce the chargt to the permitted limit:and(b)any sums already c�aliected from Bottower which exceeded � -
<br /> - permitted limits will be refundea to Borrower. Lender�n3y choose to makc this refund by reducing the principal ow•ed �
<br /> ' under the Note or by making a direct payment to Aorrower. If a rcfund reduces principal,the reduction will be treated as a
<br /> � partiat prepayment w-ithout any Frepayment charge under the Notc.
<br /> ( 13. Legislation Affeeting I.ende�'s Rights. If enactment or expiration of applicablr laws has the effect of
<br /> � rendoring any provisian of the Note or this Security Instrument unenfarceable accc�rding to its terms.Lender,at its option, �
<br /> � may require immediate payment in ful)of all sums secured by this Security lnscrument and may invoke any remedies
<br /> � permittai by paragraph 19.If Lender exercises this option,Lender shall take the steps specified in the second paragraph of
<br /> paragraph 17.
<br /> 14. Notiees. Any notice to Bortower provided for in this Security Instrumcnt shaU be given by delivering it or by "`"
<br /> ° mailing it by first class mail unless applicable law requires use of another method. The notice shaU be directed to the I �
<br /> � Praperty Address or any other address Borrower designates by notice to Lender.Any notice to Lender shall be given by ' `
<br /> flrst class mai)to I.ender's gddress stated herein or any other address Lender designateti by notice to Borraw•er.Any notice
<br /> provided for in this Security Instrument shall be deemed to have t�een given[o$orrowcr or Lender when given as provided
<br /> in this paragraph.
<br /> 15. Governing I,an;Se�era6iiity. This Security lnstrument shall be boverned by federal law and the law of'the
<br /> : jurisdietion in which the Property is located.In the event that any provitiion or clause of this Security In�trument or the
<br /> Note conAicts with applicable 1aw.such conflict shap not a7}'ect other prc�visions of this Securiiy Inctrume�t or the Nc,te
<br /> whieh can bc given etfeet wilhnut the ec�nflirting provesioi�. To this enc!chc prc�vici�nc of tt�i,Srcurity instrument anci the
<br /> Note are declared to be severable.
<br /> ' l6. Borrower's Copy. Borrower shall be given one conformed copy of tlie N�te and oP this Security In�trument.
<br /> 17. Transfer of the Property or a Beneflcial Interest in Borrower. If all or any part of the }'roperty or any
<br /> interest in it is sold or trartsferred(or ifa beneficial interest in Borrower is sold or transferred and Borrower i�not a natura!
<br /> person)without Lettder's prior written consent, Lender may,at its option, rcquirc immediate pa}•ment in full of all sums
<br /> seeured by this Security lnstrument. However, thss option shall not be exercised by L.ender if exercise is prohibited by
<br /> federal law as of'the date of this Security Instrument.
<br /> If Lender exetcises this�piion,Lender shall give Borrower notice of acceieraz��n.The notice shall provide a period � �
<br /> of not less than 30 days from the�atc the notece is delivered or mailed w ithin which t3orrower rnu�t pay al1�ums sccured by
<br /> this Security Instrument. If Borrower fails to pay these�ums privr to the expiration of this periad, Lender may mvoke any
<br /> remedies permitted by this Security Instrum�nt with�ut further nntice or demand on Horrouer.
<br /> 18.Borrower's Right to Reinstate. !f Borrower meets certam condii��rts. Borro�a•er shall have the r�ght to ha�e �
<br /> enforcement c�f this Security Instrument discontinued at any time prior to the eariier of: (a)5 days lor such��ther period as
<br /> applicabte law•may specify for reinstatement)before saie of thc Property�ursuant to any pnwcr of salc contamed m th�s �
<br /> Security Insttument;or(b)entry of a judgment enforcing this Security ]nstrument. 'Chc�se condition5 are that Borrow�er: � �',
<br /> (a) pays Lender all sums which then would be due under this Security Instrument <ind the Tdote had no :�ccelerati�n 3
<br /> ocrurrcd; (b)cures any default of any other covenants ar agreements; (c) pay5 all cxpen�cti incurrcd in enfarcing ttns �.
<br /> SeCUtity Instrument, including, but noi limited to, reasonable att�rne}�ti' fccs; and (d) takct such act�on as Lcnder may �
<br /> reasortably rcyuire to assure that tfie lien of this 5ecurity Instrument, Lender's right� in the 1'r��perty and i3nrrc�wcr's �'�'
<br /> obligation to pay the sums secured by this Security Instrument �hall cnntinuc unchan6ed. Cp�m rrm«atemenl by '�� �
<br /> Borrower,this 5ecurity Instrument and the obGgati�ns secured hereby shall remarn fully�cflcct�ve�s if nn accelrritinn had
<br /> oceurred.However,this right t<�reimtatr shall not apply in the cau��f;i�•celrr,itu�n undtr r;,rs�:r�phti 1?nr 17
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