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�r <br />1 <br />L <br />..., 1 <br />100973 <br />If Lender required mortgage insurance as a condition of making the loan secured 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 />fit. Iowetics. 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 the inspection. <br />9 Comdea mdoet. 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 />fiWroment, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property, <br />tfi:.fus Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by <br />tiirr: gmo= of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured ima 0&tely <br />b6re the taking, divided by (b) the fair market value of the Property immediately before the taking. Any baUnae shall be <br />per-to Harrower. <br />If the Property is abandoned by Borroww. cr i`f, after notice by Lender to Boni ww that the o m6a= -, r Cffers to <br />1dte an await or settle a. claim for damages, Botscwer fails to respond to Lender within 39 days air., r� 6°si':ie t� rFOi.� is <br />given. Leary is authohmed to ©cilect and apply the proceeds, at its option, either to restoration or rapaft cC 00 ftlp rZv or <br />to the sutrw se =red by this Security ft,,rument, whether or ant tium due. <br />Unkw Lender and i%trower otherwise agree in writiIIgi,ism appl:rtt►on of proceeds to prl,acipati sitatTcr.L el or <br />postpone the due date of tine monthly payments referred to in , -I ,1.-=W 2 or change the ammi. dstik:Er dents <br />: <br />Not Rek"4- iotbeanuWe By IF •.N,G,e.n�airer. Extension of the rem: for payment or <br />modification of amortization of the sums secured by this SWWs ,sy E=V-ument granted. by Lender to anyrsitp sor in <br />interest of Borrower shall not operate to release the liability cf t•!4r�tiginal Borrower or Borrower's successors Liz: interest. <br />Lender shall not be required to commence proceedings agai>im any successor in interest or refuse io extend time for <br />payment or otherwise modify amortization of the sums secured by this security Instrument by reascti cf nay demand made <br />by the original Borrower ar Borrower's successors is interest. Any forbearance by Lender in exercisiirgsra r_g.;tt or remedy <br />shall not be a waiver of er pacateiude the exercise of any rightor remedy. <br />11, . Sr> MM *it Asslgas Boaad; Joist aatl Several Viability; Co- signers.. '!'he covenants and agreeu mts of <br />this SecusitY kl.strurhert saall.bind and benefit the successors aud.-assigns of Lender amt &rrower, subject to the ii3ions <br />` r <br />pri <br />c(p&ragralrlt 1T Borrowers covenants and agreenzem shall lie joint and sev j- W. Ass Borrower who coy -signs this arty <br /><' <br />lnt-.rument but does act: execute the Note: (a) is co4igning this Security Iiat;tu anent only to mortgage, grant and convey <br />that Borrower's interest in the Property under the toms of this Security lastrum.ent; (b) is not personally obligated to pay <br />the sums secured by this Security instrument; ant (c) agrees that Lender and any other. Borrower may agree to extend, <br />modify, forbear or make any accommodations situ regard to the terms cf this Security Instrument or the Note without <br />that Borrower's consent. <br />11 Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan <br />charges, and that law is finally interpreted to that the interest or o6er loan charges collected cr to be collected in <br />connection with the loan exceed the per- aituai limits, then: (a) any- such loan charge shall be reduced by the aitount <br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrow Pr which acceeded <br />_ <br />permitted limits will be refunded to Borrower. Lender may chcvse to make this refund by redue-.g the prino.74 owed <br />the Note <br />-- <br />under or by making a direct payment to Borrower. If a refund redimxs principal, the reduction will be treated as a <br />partial prepayment without any prepayment charge under the Note. <br />I& Lqislatlw Affecting Leader's Rlgbts. If enactment or expiration of applicable laws has the t6ect of <br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Lender. at its option, <br />may require immediate payment in full of all starts secured by this Security Instrument and may invoke any r=edies <br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of <br />paragraph 17. <br />14. Notiem. Any notice to Borrower provided for in tkis Security Instrument shall be given by delivering: its or by <br />mailing it by first class mail unless .applicable law requires use of another method. 'L" a notice shall be directed; to the <br />Property Address or any other address Borrower designates by Lender. Any <br />notice to notice to Lender shall be given by <br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice <br />provided for in this Security Instrument shall be deed to have been given to Borrower or Lender when given as provided <br />in this paragraph. <br />15. Governing Law; Severability. This Security Instrai tent shall be governed by federal law and the N:a of the <br />jurisdiction in which the Property is located. In the event that any or clause this Security <br />provision of I �srcrr._ ���i [ir the <br />Note conflicts with applicable law, such conflict sl�.a.'J not affect other provisions of this Security Insrru—nec:t V t2 v Note <br />which can be given effect without the conflicting jrnwesion. To this end the provisions of this Security fmtruW era a--id the <br />Note are declared to be sa mable. <br />16. Borrower's Copy. Borrower shall be given one asr:formed copy of the Note and of this Security inst-nament. <br />17. Trmfer of the Property or a Beneficial laterett io Borrower. If all or any part of the ProperTS or any <br />interest in it is sold or transferred (or X beneficial interest in Odrrower is sold or transferred and Borrower is no' a natural <br />person) without Lenders lutior written consent. Leader say, at its option. require immediate paytcmtt in full c iAU sums <br />secured by this Security It>Ntrumert. However, ths��, option: shall not be exercised by C en L-r if ezM -rte is pro'..w4 *ed by <br />federal lawasof the dated thisSecuritpInstrument. <br />if Lender exerases this option, Lender shall give Borrower notice of acceleration: The notice.sf a:1 provide a period <br />of not less than 30 da)s rimn the date the nefice is delivered or mailed within which Borrower must pay all sums secured by <br />this Security lnstrumcli, rs, "Borrower fails tapay- tbese sums prior to the expiration of this period, Leader may invoke any <br />remedies permitted by this, Security Instrument without further notice or demand on Borrower. <br />18. BwrawW* Rtlt to g,lmhte. If Borrower meets certain conditions. Borrower shall have the right to have <br />enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as <br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this <br />Security Instrument; <br />7 <br />or (b) entry of a judgment enforcing this Security instrument. Those conditions are that Borrower: <br />fa) pays Lender all sums which then would be due under this Security instrument and the Note had no acceleration <br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this <br />Security instrument, including, but not limited to. reasonable attorneys' fees. and (d) takes such action as Lender may <br />reasonably require to assure that the lien of this Security instrument. Lender's rights in the Property and Borrower's <br />' <br />obligation to pay the sums secured by this Security instrument shall continue unchanged Uixin reinstatement by <br />Borrower. this Securty Instrument and the obligations secured hereby shall remain fully efl`ective as d- no acceleration had <br />t <br />(wcurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17 <br />