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<br /> . 90-- 10407�
<br /> � Tf Crnder required mon��ge insuronce as a conditic�n af making the Inun secured by ihis Security Instrument,
<br /> Hurr�u►er shRl1 pay the premiums required to mrintain the insurAnco in eQect until sUCh time as the requircment for the
<br /> � insuranca terminxtes in accordroce with�orrawer's and Lender's written agreement or applicable law.
<br /> � 8. 1as'ertioe. Lrnder or its aaent may m�ke rcns�nable entries upon and inspectian.9 of the Prcpehy. [.e�der
<br /> ' shall give Borruwer notice at the time alar prie�r tn an inspecti�n specifying reason�ble cause for 1he insgectlon.
<br /> � 9. Cowiers�ti�a. The proceeds of Any award or claim for damages.dircct nr consequential.in connection with
<br /> � any condemnation or other t�king of any E►srt oi'the Property,or for canveyance in lieu of candemnation. are hercby
<br /> �ssianed And shall be paid to Lender.
<br /> � ln the event of a tatal ts�king of the Prapeny,the procceds shall bc applied to the sums secured by this Security
<br /> , Instrument,whether nr not then due,with any.excess paid ta Borrower. ln the event of a partial taking oP the Property.
<br /> unkss Batrower snd Lmder otherwix agree in�vriting,the sums secured by this Security Instrument shall be reduced by
<br /> the amount of the praceeds mult�plied by the following fraction:(a)the total amount of ths sums secured immediately '
<br /> . before the takina�divided by(b)the fair mxrket value of the Property immediately before the taking.Any balance shall be �
<br /> pai�i ta Barrower.
<br /> - It'fhe Properiy is abandoned by Borrower,or if,aRer notice by Lender to Borrowcr that the candemnor off'ers to
<br /> make an Aw�rd or settle a claim for damages,Bonower f�ils ta respond to Lender within 30 days after the date the notice is
<br /> ' given,Lender is authorized to callect and apply the procecds,at its option.eithrr to restoration or repair of the Propeny or
<br /> to the sum�3e�cured hy this Security Instrument,whether or not then due.
<br /> ' � ilnleas Lender pnd 8orrawer otherwise agra��n writing,any application of pracesds to principal shall not extend or
<br /> ` postpone the d:;=dste of the monthly puyments referred to in pangraphs 1 and 2 or change the amount of snch payments.
<br /> I 10. 8arrows� Not Rekated; Forbeuaace By I.ender Nat a Watver. Extension of the time tor payment or
<br /> j modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> � interat of Borrower shall not operate to release the liability of the original Bonower or Borrower's successors in interest.
<br /> � Lender shall not be reyuired to commena proceedings ag�ins� any successor in interest ar refuse t� eatend time for
<br /> j payment or otherwise modify amortization of the sums s�cured by this Security lnstrument by reasan of any demand made
<br /> I by the origin�l Borrower or Borrower's successors in interest.Any Porbearance by Lender in exercising any right or rermdy
<br /> � shall not be a waiver of or preclude the eaercise of any right or remedy. . ;
<br /> � ll. Saccawrs aAd A�signs Bound;Joint and Se�enl Liability;Casigners. The cavenants and agraments of
<br /> ' this Security Instrument shaJl bind an�benefit the successors and assigns of Lender and Borrower,subjcet to the provisions �
<br /> ! of psragraph 17.Borrower's covenants and agrcements shall be joint and several.Any Bonower who co-signs this Security � �*�
<br /> . Instrument but does not executc the Note:(a)is casigning this Secusity Instrument only to mortgage,grant and convey �.__-•
<br /> - - • t:i.�i w�ivwci�iut�;c;i:,�ii,c rrvperiy under ine terms vi tfis�ecoricy instTttment;(b)is not personally obligated to pay � - -
<br /> : the sums sccural by this Security Instrument; and(c)agrees that Lender and any other Borrower may agree to extend, �' `
<br /> modify,forbear or make any accommadations with regard to the terms of this Security lnstrument or the 1Vote without
<br /> that Horrower's consent. � �
<br /> , 12• Lore Char�es. If the loan secvred by this Security lnstrumcnt is subject to a!aw which sets maaimum Ioan
<br /> charges, and that iaw is finally interpreted so that the interest or other loan eharges coltected or to be collected in
<br /> • conntetion with tht loan�coed the permittod limits,then: (a)any such loan charge shall be reduced by the amount �
<br /> , nec�ssary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which exce�ded
<br /> permitted limits will be refunded to Borrower. L�nder may choose to make this refund by reducing the principal owed
<br /> under the Note or by making a direct payment to Horra�ver.lf a ref�nd reduces principal,the reduction will be treated as a
<br /> partial prepayment without any prepayment charge under the Nota.
<br /> 13. L�egi�ation AffecHng I,endtr's Rights. If enaetment or expiration of applicable laws h�s the effect uf
<br /> rendering any provision af the Note or this Security instrument unenforceable according to its terms.Lender,at its aption.
<br /> may require immediate payment in ful!of all sums secured by this Security Instrumtnt and may invoke any remedies
<br /> ; permitt�cl by par�graph 19.If Lender eaercises this optian,Lender x�al!take the steps specified in the second paragsaph of
<br /> , paragraph 17. �
<br /> : 1�. Notices. Any notice to Borrow•er provided for in this Security Instrument shall be givcn by delivering it or by �
<br /> mailing it by first class mait unless applicable law requires use of another methcxi. "I'he notice shall be dirccted to the -
<br /> Property Address ar any other address Bosrower designates by notice to L,�nder. Any notice to Lender shall be gir•en by
<br /> first class mail to Lendtr's address stated herein ar an}�other address Lender designates b�•notice to Borrow�er. Any notice
<br /> pro�ided for in this Security Instrument shall be deemed to have been given to Borrow�er or Lender w•hen gi�•en as provided
<br /> in this paragraph.
<br /> 15. Co�erning Iiw;Strenbility. This SecUnty Instrumem shall be governed bc federal law and the law of the
<br /> jurisdiction in which the Praperty is loeated. In the ecent thax any provisie�n or clause�f th�s Seturity lnstrument or thr
<br /> Note con8'sets u:'sth�pplicablc ia:�.suc�.car�fiict shaii ni�t afFr,:t other pro�•isions of this 5ecurit�• instrument or the�:ote
<br /> which can be given effeet w�ithout Ihe conflicting provisi�n. To this ertd the pr�v�siant of th�s Security Instrument and the
<br /> Note are declared to be se�erable.
<br /> 16. Borruwer's Copy. F3orro�•er sha�l he gi�en one mnformed copy e�f thr Vote and nf thn Secunty ln�tsument. �
<br /> 1�. Transfer of the Property or a Beneficial Intcrest in Borruwer. If all or an} part nf the 1'roperty or an�•
<br /> interest in i�is sold or transferred(or if a bencfiaal tnterest in Barrowcr���e�ld c�s tramfcrred and Horrower i;not a natura!
<br /> person}w•ithout Ltnder's pnor w•ntten consent. I.ender map,ac its c�ptu�n, requ�re immedi.�te payment in fuU of all.ums
<br /> secured by thbs Secusdty Instrument. Hawe�er, this��ption sh.311 nM be exrrr�sed hy Lender if exerc��e is prohihited by
<br /> federallaw as of the date��f i��s Secunty Instrument. '`- —�--
<br /> If Lende�exereises thi�option, Lender shall g��e�iarro�+s:r nutice of aceeleratam The ne•t��e�hall rr�nide ca pen��d
<br /> of not less ehan 30 days f'rum the date the nc►tice i�deii�ered nr mailed�i�thin whuh(3orrowcr mu�t p�y all�um��ecured by `
<br /> th�s Security lastrument. [f Borrow•er fails to pa} the�e cums pnor to thc ezpuaticm�,f thn�eru�d. 1 ender ma} in�e�ke�+ny
<br /> remedies�►ermitted by this Secunty�Instrument w�t}tout further nntuc��r demarid e}n N�vm:�cr
<br /> 1$. Ba�rroxer's RiF,l�t to ReinstYte. If B�rro«er meet� certa�n r„ndihc�nr. Rnrru��er �h:all h.e�e ehe nght to Iiil�C
<br /> enforcement of this Security Instrument�i�contir�ucd at�ny u�ie pr���r t��the c.�rlier��f�lal 5��}�Inr�ut h��ther�eti��a� '�Q;
<br /> ! appli�a5le la�� m�y s}�ec�ly fc�r re�nstatemerit}bcfe�re�ale c�f�he Pr���irt} ��nuant t��any �f 1►rr ��f��Ir�t�nta�ned in tF�i� �
<br /> � Serunly Instrument, or(b2 emry ofa�udFment enforcmg thn 1c�ur�t� �mtrurnrnt Th<��,,t�ncl�h.v��.,rr ch.it Ha�rrr«;r �
<br /> (ai pa}� Lcnder all sum4 uhich thcn wcutd he ctue undcr �hi: Sc�:trtt� Im�.*��rnrrTt �n�i the ti��te h.�,� s��� a_,rlcreu�m �..
<br /> ��c�urreJ. (hi cure�. anr dei':�utt nf an� ���her re�rcn�nt< <�r a�:rc�cment.. �i r p,:E� ,,i! .r��:•i .��. �r;��,r*.r.i :r. cnf<�:��nr thi. �t
<br /> Secun�g in�trurnenl. �n�lud�n¢. hui n��t lirr�rted ct�. re3ti��r��hl�• ,i�t��rnr�•' frr. ;sr.J �.1r r.,l,r• .i.,n .t_:;��r� .�. I���:Jrr �ii,a� ��
<br /> tcasnn��hh require h� a«ure li±at the itcn ��+,'thit tic;i�ntr I���tseimer�t Icr:Jr�'� :�c�.�, n� r�.: I'•,��:•rt� .i�:,t ti •:r��«cr�, '
<br /> t�h���;,�ft��tt ta� (�.1� Ihe �Ufli� �e�utrc� h} lf:t� SCtittn[� It�•iri��--in[ �l�,�li �"ri.,.;uc' :,t.:",�i. .,i i r .� •. .�.,1.���: „• �,� �
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