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<br />89- 10117'7
<br />if Lender requited mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insu :ante in efFect until suet} time as the requirement for the
<br />insurance terminates in accordance with Torratwrr'sand Lender's written agreement arapplicable law.
<br />8. inspection. Lender or its agent ma r:.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 Condemnation. The proceeds of any award or claim for damages, direct or•consequentiat 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 excel paid-to- Borrower. in the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in.wsiting,.the sums secured by this &—i ay Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the tclz. a :7: of of the sums secured immediately
<br />before the taking. divided by (b) the fair market, value of the Property in n; rt .`a lm the taking. Any balance shall be
<br />paid to Borrower.
<br />trthe Property is abandoned by Borrower, or if, after notice by Lender to goy Ker that the condemnor offers to
<br />7*L#e m award or settle a claim for damages, Bbirbwer fails to respond to Lender to E.:riia30 days after the date the notice is
<br />��er is authorized to collect and apply the- p£aeee'. sL its option, either ..a restoration or repair of the Property or
<br />W.11Ta a secured by this Security instrument, wftellie'r o p=t then due.
<br />' ETt it ss Lender and Borrower otherwise agree in writil.-4, any application of p .weds to principal shall not extend or
<br />postroae!!:� due date of the monthly payrtcnts referred to iii paragraphs 1 and Z ui t&Iunge Elie atiwuut of aucn payments.
<br />10.1' Borrower Not Released-,. Forbearance By Lender Not a Waiver. Exteinsion of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor fr
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall. not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />paymentriral terwise modify amortization ofthe sums secured by this Security Instrumr.At by reason ofany demand made
<br />by the odgind Borrower or Borrowees successors in interest. Any forbearance by Lenderdn exercising any right or remedy
<br />shall not be a� :iiiver of or preclude the exercise afar right or remedy.
<br />in and Assigns Bound Joint and Severs) Liability; Co- signers. rz--- covea, r=s and agreements of
<br />this Securtti'hittrument shall bind and benefit the successors and assigns of Lender ar:4 Borrower, subject to the proAsions
<br />of paragraph. 11. Borrowers covenants and agreements shall be joint and several. Any Sxrower who co -signs tilts Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument: and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. if the loam-secured by this Security Instrument is sutr.:Lcr ••so a law which sets maximum loan
<br />charges, and that law is finally into- lrined so that the interest or other loan ctarges collected or to be collected in
<br />connection with the litsn,exceed the permitted limits, then: (a) any such lea: sfa:ge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums alrwt , o:>''I:w'cd from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make ?:h! , xt ur.� by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. if a refund reduces Fzrj.zpai. the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or e� ;rx'ra:ion of applicable laws has the effect f-e
<br />rendering any provision of the Note or this Security Instrument unenfrirovi r.b ;- az'Cording to its terms, lender. at its option,•
<br />may require immediate payment in fell of all sums secured by this cat,:-;cp Instrument and may invoke any remedies
<br />permitted lay paragraph 19. If Lender exercises this option. Lend. -r s% ; SA,: the step-. , ;,vcified in the second paragraph of
<br />raragraph '7.
<br />14. Notice&. Any notice tc Mir rower pro i ided for in ihi. Szeu nr; ':r ; rument shall be given by delivering it or by
<br />,;.ailing it by first class mail unless i),hlicable •lx4� requires use of anc.0,:r r- ;illu cd. The notice shall be directed to the
<br />Property Address or any other address Borrower designates a,, t:ctice to Levi ier..A n r.nticc to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other dd sy Lender designam!�, h,, notice to Borrower. Ant, notice
<br />provided for in thisSecurity Instrument shall he deemed to h:a�c biven given rc} Aorrowcr or lender when given as )-mvt %ed
<br />in this paragraph.
<br />15. Governing Law; Severability. This St:Lurity- Instrument shall brs governed by federal law and the law +.a:4 nc
<br />jurisdiction in which the Property is located. In th,..tAt ent lh.Lzi any provision or clause of this Security instrumta1r ,�,: the
<br />Note conflicts with applicable law, such conflict shull not affiect other provisions of this Security Instrument or the isiote
<br />which can be given effect without the conflicting provision. 1'athis end the provisions of This Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security instrument
<br />17. Transfer of the Property era Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Burrower is sold or transferred and Borrower is not a ualaral
<br />person) without Lender's prior written consent. Lender may, at its option, require imrttediate payment in full of all sutm
<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 t hedate of this Security Instrument.
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than 30 daysfrom the date the notice is delivered or mailed within which ;3 rrowcr must pay all %utm se,:ured by
<br />this Security Instrument. If Borrower farts to pay these sums prior u: the expiration of this period, lender may invoke an•:
<br />remedies permtttcdby thisSccurity Iris.runivid wilhuut furthcrnotic. or demand on Itnrri.tyer
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions. Ri artm er shall ha%c the right to have
<br />enforcement of this Security instrument discontinued at any time pitur it) the earlier of. (at 5 days for such oilier penuti a.
<br />applicable la>r nTay specify tilt rcartstdternent) before sale (•f the Property pursuma it) any power c,l sal: carotarneJ u1 thfs
<br />Security instrument, (,r (h) entry of a Judgment enforcing I livSecurity Irmo ument 1 Ito tc candthot,t .ire Oial Kisr..uci
<br />(a) pays Leader all suius %hitih then would he due under thi. Secutiry lns,runtent aiiii file % oic hall no, .1 ;.,cratwri
<br />return <ni (h) ufresany default of any tither covenants or agrecntenls. k► pit's 111 •.•spcnsr, urtenrr,l fn CfFhucrnit tins
<br />Security Instrument, including, hilt not limited to, r4ast.rlahlE att+.trtley4 fees .rntl 1:f1 t.ii,. st1,11 ,1; I crtit•t fit is
<br />reasonably te,quire to assure chat the Bert Elf this S"unty Fnstrimir'it. € enttct'� tie+#% In tiff- 1'r,-purty .fii<i Iii,i 1s, t
<br />t.riliFatf,iil hf pay the.• ,orris secured by this Security Inttrununt .inyil _ wiftlillf, it'll h;,ul c.l t l•.•fr rt•, f• .,n tiff?,: i .
<br />1141tn,%cr, flits Sc, tin ;. Itltaunicrit alld tilt lihltkatl4.1lm 'Lutec3l,er.:l :y ..hall w nli!•ff' tilt; t.cs • . ,c if_,.... , i,ni t. I
<br />a , ue.cd ILs c4et. tlJic. right to rcufstrttc.hlsll nr,t aptly fit the tawt' c t a.. frC.Jr1, , i. r l .ti.,, icon • i f
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