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<br /> � 90�-' 10408�
<br /> � li'I.ender rcquircd mortgage insurancc as a conditian af muking the laan secured by �his Securiiy lnstrument.
<br /> 8orrower sh�ll pay 1ho premlums required ta maintain the insu�ance in effect until such time as the requirement for�he
<br /> insutance tetmin�tes in Rccardanre with Har�ower's and Lender's w ritten agreement or npplicablr law.
<br /> 8. lnspectioM. Lender or its xgent may make rt�.cc�nahle entries upc�n antl inspr.:tions of thc Preperty. Lender
<br /> shall give Bor�ower notice at the t�me of or priar to an inspection spe�cifying reasonable cause for the inspectian.
<br /> � 9. Conde�n�adoa. The proceeds af any award or claim for dumages,direct or consequential,in connection with
<br /> � �ny condemn�tian o�other taking of any part of the Property, or for conveyance in lieu of candemnation. are!►ereby
<br /> assigned and shall be p�id to l.ender.
<br /> � In the event of� tatal taking aP the Property.thc procecds shAll be applied to the sums secured by this Security
<br /> , Instrument,whether or�ot then due,with�ny eacess paid to Borrower. ln the event oPa partial taking of the Property.
<br /> ; unless Borrower and Lender otherwise agra in writing,the sums secured by this Security lastrument shall be reduced b�
<br /> ' the amount of ihe prceeeds multiplied by the following f'racrian: (a)the total amount oP the sums secured immediately
<br /> '. before the taking,divided by(6)the fair markN value of the Property immediately before the taking.Any balance shall be
<br /> p�id to Borrower.
<br /> � If the Property is abandoned by Bonower.or►£ufter naEiee by Lenc��F to Borrow�er that the ec�ndemnor affers to
<br /> nuke sn award or setlle a claim for dam�ges,8orrow•er fails to re,cp�ond to Lender within 30 dAys after thc datc the notice is
<br /> � given.Lender is authorizeti to collect and spply the proc=eds.a!its option,either ta restoration or repair of thc Property or
<br /> to the sums secured by this Security Instrument.�hether or not then due.
<br /> � Unkss Lender and Horrower otherwise agree in writing,any application af proceeds to principa�cl�all not extend or
<br /> posipone tho due date of the monthly payments referred ta in pprag�aphs 1 and 2 or change the amount af such payments.
<br /> ; 10. �mwer Not Rtkased; Forbearuce By I.eeder Not � Waiver. Extension of th� time for payment or
<br /> modiRcation of amartizstion of the sums securrd by this Security Instrument granted by Lender to any successor in
<br /> . intercst of Borrawer shall nat opesate to relase the liability of the original Borrow�er ar Borrower's successors in interest.
<br /> Lender shall not be required to commence proceedings against any successc�r in interest or rcfuse to extend time for
<br /> , payment ar otherwise modify amortization of the sums sccured by this Sccurit}Instrument by reascm of any demand made
<br /> by the oriEinal Borrower or Borrowtr's successors in interest.Any Forbearancc b�I..ender in exercising any right or remedy
<br /> � shall not be a waiver oPor preclude thc��.ercise aPany right or remedy.
<br /> , ll. Srccetwn and Aasipa Bew�d;Jolnt and Se�enl Ltabllity;Co-signers. The covenants and agraments oP � �
<br /> this Security Instrament shall bind and benefit the sa��sors and assigns oP Lender and Barrow•er,subject to the provisions '
<br /> of par�gr�ph 17.Borrower's covenants and agteemtnts shaA be joint and several. Aoy Horrower wha cv.cigns this Security �;,:
<br /> Instrument but does not caecute the Nate:(u)is co-signing this Serurity Instrument only to mortgage,grant and convey �
<br /> � • ., a.....,. .�•.. •».�....:... _�__�..---a- - ----- ''- -' .. • , . ...
<br /> _. ..__ s�'...t va,..v:.�•�iu�c.�a��..a�ic��v�x��y unuci t�r ic��u�vi�=ns xa:ur�iy insirument:toj ii not perwnaiiy oottgatco to pay =
<br /> the sums secured by this Security Iostrurnent; and (c)agrces that I.ender and any other 9orrower may agree to escend, ��_.
<br /> modify,forbar ar make any accammodations with regard to the terms of this Secucity lnstrument or tlu Note without
<br /> that Horrowrer's consent. - '
<br /> 12. Lan G�ar�es. If the loan secured by this Sxurity Instrument is subject ta a law which sets maximum loan � -
<br /> charges, a�d that law is finally intergreted so thai the interest or ather loan charges collected or to be collected in
<br /> connection with the loan eaceed the permitted limits, then: (a)any such loan charge shall be reduced by the �mount �
<br /> nceessary to reduee the charge to the ptrmittcvi limit;and(b)any sums already collected from Borrow�er which eaceeded �'
<br /> . pesmittt� limits wil) be refunded to Borrawer. Len�er may choose to make this refund by reducing the principal owed
<br /> under the Noteor by making a direct payment to Borrower.If a refund reduces principal,the reduction will be treated as a
<br /> : partial prepAyment without any prepayment charge under the Note.
<br /> l3. I.eqislatlon ARecting Lender's Right�. If enactment or expiration of applicable laws has the effect of
<br /> rendering any provision of the Note or this Security Instrument unenforceable according to its terms,[.endcr,at its option,
<br /> may requirc immediate payment in fuli af all sums secnred by thia Security instrument and may invoke any remedies
<br /> � permitted by paragraph 19. If Lender eaercises this option,Lxnder shalt take the steps speci&ed in the second paragraph af
<br /> paragraph l7.
<br /> ; l4. l�Totied. Any natice to&�rrower ptovided f�r in this Security Instrument shall be given by delivering it or by �
<br /> mailing it by 6rst class mail unless appticablt law requires use of another method. The nmice shall be directed to the
<br /> Property Address or any ether uddress Borrower designates by notice tn Lender. Any notice to Lender shall bc given by .
<br /> , &tsl class mail to Lender s address stated herein or any other address Lender designates by notice t�Borrow•er. Any notice
<br /> . provided for in ihis Security Instrument sha1)be deemed to have been given tc�Borroa er��r Lender when�iven as provided
<br /> in this paragrapfi.
<br /> 1S. Gorernieg La�v;5everabllit�. This Security Instrument shall he go�crned by fedcral Iaw and the lew of the
<br /> jurisdiction in w�ieh the Property is located.In the event that any pravision or clause nf this Securitt•Instrument or the
<br /> N�te coniticts�ith applir.able lsw, such can8ict shsl!not affecs cther pus+:�s's�s�s csf this Securiiy in;irur�nt��r tttr Lvir
<br /> wi�ich can be given effect without tl�e conflicting provision. To this end the provisionti of�hiti Security Instrum�nt and the
<br /> Note are declared to be sevcrable.
<br /> 16. Burrorrer's Copy. Borrow�er shall be given one c�nformed c�py of t he Note and of lhi�Srcurity Instrument.
<br /> 17. Trpns[er ot the Property or � Beneficial Interest in Borrower. If all or any part cf the Propeny nr any
<br /> interest in it is sold or transferred(or if a beneflcial interest in Burr��w•er��sold or[raosferred a�d Rorro�cer is not a nawral
<br /> person)without Lender's prior a�ritten eonsent,Lender may,at itc�ption,require immediate pa�•ment in full c�f all surnti
<br /> seeured by this Securiry Instr�ment However, th�s option shall not he exercised b} Cxnder d cxerc�se iti pr�hib�ted by
<br /> federal!aw as of the date oFthis Securitv tnstrumerat. ,__ r�---
<br /> If Lender exercises this aption,Lender shall give$orrower n�tice�f acceleraU�m.The notice�hall�roride a penod •
<br /> , af not less than 30 days from the date the notice is delicered or ma�led w�thin a h�ch I3�rr�i�cer mu�t pa�•all�um�secured by
<br /> this Security Instrument.if Borrower faits t�pay thc`e�ums prior tu the rxpiration af th�ti penod.Lender rna� invokc any
<br /> remedies permitted by this Security� Instrument without further not�ce or demand on Be�rrrn�er.
<br /> 18. Barrower's Rlght ta Reinstate. If fiorrc�w•tr meetr rcrta�n rnnditinn5. Borri�ner �hall ha+e the nght ti�ha�c
<br /> enforcement of thi�Security Instrument discontmucd at any�t�mc rnor ta the earEicri�f (a15 day�I��r tiucf� othcr per�nd ati ��
<br /> L �pplicable law•may specify Por rein�tatement)hef�,re�ale of the Pr�perty �unuant a� an} p��wer�if�ale ccmtained in tht�
<br /> 5ecutity Instrument; or(h)entr}•of a judgment enforcmg ths�Secunty In•,trumrnt 7 h���c cur�dih��n�erc that R�rr��L�er•
<br /> (a) pays Lrnder al1 �ums w•hich tE�en «nuld he dur under thi� Sccunty Imtrurncnt and ti�c tie,tr had cm ;�cccleratu�i� �
<br /> ocrurrr�9; (b) currti an defaalt af an • other cotien<+ntti or a recm�ntti. (rl ti
<br /> y S g (+ays all exprr�.r� �ncurrcd �n cnfcuri�i� tlnti ,,,
<br /> 5eeunty instrument, ineluding, but not ltrnited ti�, rea�unabte au��rney�' tiee,. and(ci► �.,ke, �u�h act���n a. I endrr rna} �iri�
<br /> re��snnaMy reyuire tn acsure that tltc hcn ��f thiti Srrur�t} Intitrumrnt. 1 rndcr'� nEht� �n ch� Pr„},,ri� .�n� Fi��rn��arr'�
<br /> t�h{igatum tn pay thc• wm� �erure<! hy thiti tie�unl� Imlrunui�t tih.ill c��nuniu• un.h.�ne�,i f �:�n rr:mt.�Irnirnt b} �
<br /> Hnrc��uer.thiti Se�i�nty In.trun�rnt and thc c�hhc,�ti�,m�c vrrd hcrrF,� .ii.�l1 r�•n�.�:n fuih �•flr:t,tir,�•U t���,�_�rlrr.�n�•n i,,,i
<br /> �,icurrrd.Hnu��Cr.tltttn�.�httc�rcm�t:���•.h.�U�����.��Pt� ����h�•�.�.r�•f,��irlc•t,i[i„r: un��:•r r.�r.�.•�;���h� ►Y ;�r ',
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