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<br />- - - 89- 100966
<br />If Lender required mortgage insurance as a condition of malting the loan sectored by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />S. Inspeetiou. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for theinspection.
<br />9 Coodes astloe. The proceeds of any award or claim for damages, direct or consequential in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due. with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security instrument shall be reduced by
<br />thrr amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided-by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abPandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim 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 proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Security instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs l and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbeamtmee By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums swu ed by this Security InstriDaaent granted by Lender to any su"essor in
<br />interest of Borrower shadll not operate to release the liability of the original Borrower or Borrower's successor: in interest.
<br />Lender shall not be rerquv red to commence praceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise noddy amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers.. The covenants and agreements of
<br />this Security Instrument shall bind and benefit thesu.ccessors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />instrument but does not execute the Note: (a) ia ca- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under few t-ams of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security IInstrument; and ('zj ag, te< that Lender and any other Borrower may agree to extend,
<br />Modify, forbear or make any accoramrodations with regard b:i the terms of this Security Instrument: or the Note without
<br />that Borrower's conserr.-
<br />12. LostitChiNga. If the loaa secured by this Secuncy instrument is subject to a law which sets maximum loan
<br />charges, and that !aw is finally inters -.- tod so that the intavest or other loan charges collected or to be collected in
<br />connectica witIt.the I .a exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to mduce Oc charge to t:rp- permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will fie re-funded to grower:. Lender may choose to make this refund by reducing the pri:icipal owed
<br />under the Note or by making a direct paymer.. wa Borrower. lfa refund reduces princiral, the reduc6en 1W ill be rrcnrA as a
<br />partial prsrrayment without any prepa-1rrert c'hzr�c under the Dote.
<br />13. Legislation Affecting Le ndees Ri ts. If a mi.tment or expiration of ai plicab'.e !aws hzs tfxe effect of
<br />rendering any provision of the Note or this Secumy Instrument unenforceable accordins to its term;., Lender, at its option,
<br />may require immediate payment in full of alh.suins secured by this Security Instrument and ma,; uivoke any remedies
<br />permitted by paragraph 19.. If Lender exercises this option, Lender shall take the steps specified in Ott second paragraph of
<br />paragraph 17.
<br />14. Notices. Am: -at:6:e r,3. Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first clash rri. :iI, t>,igh r. applicable law require -y use of another method. The notice mall be directed to the
<br />Property Address or anw'a -,i r a4frMs Borrower designates by notice to Lender. Any notice to L*3Wer shall he given by
<br />first class mail to Lenih. -r s addrm,, %st:ated herein or any other address Lender designates by notice :o Borrower. Any notice
<br />provided for in this Security Isst lim:ent shall be deemed to have been given to Borrower or lender when given as provided
<br />in this lar seraph.
<br />IS. Governing; Law. Severaltillity. This Security Infer ument shall be governed by federal law and the tits, of the
<br />3urisdietion in which the Property is located. In the event that any provision or clause of this Sex-vinty Ins ;nura:, t or the
<br />Note conflicts with applicable law, such coniiiw shall not affect other provisions of this Security hvttr4meai c r r %c Note
<br />which can be given a ect without the conflicting provision. To this end the provisions of thi% Sep ura-; and the
<br />Note are det :iared to be severable.
<br />tt5,, borrower's Copy. Ilorrjwer shall be given one conformed copy of the Note ;;:Lid :If d-lis Security ku'trument.
<br />17. Tramfer of the Property or it Bdoeficial Interest in Borrower. If all Cr ax1 f,:rt of the Property or any
<br />interest in it is sold crtransferred (or ifa benetiuial interest in Borrower is sold or transferred and 11trrrower is not a natural
<br />person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sum%
<br />secured by this Security Instrument. However. this option shall not he exercised by Lender if exercise is prohibited by
<br />federal law as of the date of till . Security instrument.
<br />If Lender exercitius tail; aptiun, Lender shall give Borrower notice of acceleration. The notice ~hall provida a period
<br />of not less than 30 days from t'ta date the notice is delivered or mailed within which Borrower must pay all sums t.c :ured by
<br />this Security Instrument. If 64irrowertfails to pay these sums prior to the expiration of this period, Lender may rn eke any
<br />remedies permitted by this Security Instrument without further notice or demand on Horrower.
<br />18. Borrower's Right to Rehowate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />esrforeernent of this at any time prior to the rarlser cif: (a) ? dayi, far such ri.her periud a,.
<br />applicable law rnay specify for reint.itttement) before %ale of the Property pursuant to any power elf sale contained in this
<br />Security instrument, or (h) entry c+f"ujudgment enforcing this Security Instrument 'I hose conditwn% are that Horrower:
<br />(a) pays Lender all sum% which -then would he due under this Security Instrument and the Note had no acceleration
<br />occurred: (b) cute% any default of any other covenant% or agreements: (cr pay; all c1tpense% incurred in cnfrvrctn�g this
<br />Security imtrurnent. including, but not limited to, reasonable attorneys fee%: amt f(h take% ,ucli actr-,o a% I.end'i m:t)
<br />reasonably fcquite its as %ure that the lien of this Security Instrument. Lender'+ ncht+ m the Pm{v.!rty and 11.,n ,wer's
<br />obligation to pay the sums secured by this Security In%ttunrenr shalf continue uncharigM Ilp,n, ton%tatemcut by
<br />ilarroti%er. the. Se,uttr) (u+ttunrent .tnd the oblt)tatron:. secured hetet'•. Shall rems�n ruI {y ettc�tt.e a +it m - :,ciclet.rt,,'rr 1:.11
<br />v aurred H :,wr�er. this right U• rein,fate shall n:,tapply in the uwccnf'aacfer, v,i; un,!er p,ir,wrapbr I ; or 17
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