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<br /> .� 90--- �0�246
<br /> � If l,ender �equired mo►t�age insurance as a Gondition of inehing the loen &acured by Ihis Secunty Insirument,
<br /> 8orrower shall pay the premiums requ�red to maintain the insu�anco�n etEecl until euGh time as the requueme�t(or ihe
<br /> insurance tertninates in accordanco wfth 8or►owor's and Londor'�wrrtton ngraomont ar nppitcabfe taw
<br /> •. Insp�etbn. Lender qr�ts agent may make�easonabte entries upan and inspect�ons at the Property.Lender
<br /> ; 9hef1 give Borrower notice at the t+me ot pr prior to an inspeciion spec�fy►ng reasanabte Ga►j59 tor the inspection
<br /> 4 !. Cond�mnation. The proceeds ol any award or cla+m far damagps.d�rect or consequential,In connection with
<br /> � any condemnetion or other taking of any part ot the Property,or 9ar c�nveyance 1n I�eu ot co�demnation,are hereby
<br /> ; ' assigned and shall be D�id to Lender.
<br /> In ihe�vent ot a tolal taking o11he Prpperty, the proceeds shafl be applied to the sum9 secured by lhia SeCUrity
<br /> , Instrumeni;whether or not then due,with any oxcess paid to Borrpwer. in the event ot a partial taking oi the Propeny,
<br /> unless 8orrower and Lender otherwis�agrP.e in writing,the sums secured by this Security Instrument shall be reduced by
<br /> � the amount o1 the proceeds muttiplied by tha following traction: (aj the total amount o1 the sums secured lmmediately
<br /> beforethe taking,divided by(b)the fair market value of the Prope�ty immediately betore the taking.Any balanceshall be
<br /> paid to Borrowe�.
<br /> If the Propeny is ebandoned by Borrower,or i},alter notice by Lender to Borrower that the condemnor otfers to
<br /> j makeanawardorsettleaclaimtordamages,Borrowe�laitsto�espondloLenderwithin30daysaiterthedatethenoticeis �
<br /> given,Lender is authonzed to collect and apply the proceeds,at its optio��.e�ther to restoration or repair o1 the Prope►ty o►
<br /> t0 the sums seCUred by this SeCU►ity Instrument,whether or not ihen due
<br /> • Untess Le�der and Borrower otherwise agree in wr�ting,any applic�tion of proceeds to pnncipal shall not extend or '
<br /> ' postpOne the due date atthe monthty payments rete�red to in paragraphs 1 and 2 or change the amount of such payments.
<br /> . 1Q. �towH Mot R�Na�d; Forb�u� Ely 4t�da NQI � W�Iw►. ExtenSion of the Ume for payment o� _
<br /> ? moditication e1 amortizatlon of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> . I interestot8otiowershallnotoperateto�eleasetheliabllityoftheoriginalBorrowe�or8or�ower'ssuCCessorsininterest.
<br /> � Lsnder shall not be►equired to comme�ce proceedinga against any successor in interest or refuse to extend time for
<br /> � payment o�othe►wlse modify amortitatio�of the sums secured by this Security instrument by reason oi any demand
<br /> made by the orlgln�l Bo�rrowe�or Borrower a successors in interest.Any forbearance by Lender in exerctsin�any�lght or
<br /> ' remedy thall not be a waiver of or preClude the exercise ot any right or remedy.
<br /> � 11. Sucessons�dAssi�o��ound;Jolnfa�dSeve�alliabllltY;Co•s19n�rs. Thecovenantsandagreeme�tsotthis
<br /> , SeCUnty Fnst�ument shall bind ancb @enefit the successors and assigns ot Lender and Borrower,sub�ect to the provisions
<br /> 01 paragraph 17. Borrower's Covenants and agreements shall be io�nt and several Any Borrower who co-s�gns this : -�
<br /> j Securitylnstrumentbutdoes�otexecu2etheNote.(a►�sco•sigmnglh�sSecur�tylnstrumentonlytomortgage.grantand •. .
<br /> 1 Convey lhat Borrpwer's onterest mthe Property under the terms ot th�s Secunty IristrumeM.(b)�s not personally obhgated r''
<br /> to pey ihe sums SeCUred by this Secunty Instrument and�c) agrees th�t lender and any other Barrower ma�agree to ��
<br /> __ � eXtQnd,m�2d11y,tOrbe2�Or make 3ny aCCOmmodations w�th,regard to the terms af th�s SeCUnty InStrument Qr the NOte �.-'=
<br /> . withou!that 8orrower's Consent.
<br /> ; 12. Loan ChuQes. If the loan secureci by th�s Secunty Instrument�s sub�ect to a iaw wh�ch sets maximum loan --
<br /> charges, and thaf law :s 1�nally mterpreted so that the interest ar other loan charges collected or to be callected �n #'
<br /> � connectiQn with the loan exceed the prem�ited I�m�ts.then (a)any such loan charge sha11 be reduced by the amount
<br /> i �ecessary to reduce the charge to the perm�tted hm�t,and(b)any sums already collected f rom Borrower wh�ch exceeded
<br /> i perm�tted limits w�ll be refunded tc 8orrower Lenqer may choose to make th�s retund by reduc�ng!he pr�nC�pal owed
<br /> � undertheNoteorbymakingadueclpaymentto8orrower IlarefunclreduceSpnnC�pal.lhereduCt�onwillbetreltedaSa ,
<br /> � partial prepaymem w�thout any prepayment charge under the Note
<br /> � 13. I.eylslation A1feCliny Lender's Rlghts. It enact ment or expirat�on o1 appl�cabte laws has the e}fer.t of rendenng
<br /> . any prov�sion of the Note or th�s Secur�ty Instrument unenforceable accord�ng to �ts terms. Len�ler.at�ts option,may
<br /> require�mmediate payment in Iu11of all sums secured by 1h�5Secur�ty Instrument and n�ay+nvoke any remedies perm�tted
<br /> by para9rap� 19 N Lender exercises th►s option Lender sha11 take the steps spec�f�ed �n the second paragraph of
<br /> paragraph 17.
<br /> . ! 14. NO11Cli. Any notice to 6orrowe�prov�ded for �n th�s Secur�ty�nstrument sh�ll be given by dehvenng rt or by
<br /> � mailing it by first class mail un►ess appi�cabte iaw reyu�res use of;inotner metn�a The net�ce shail be d�rected to the
<br /> i Property Address or any other�ddress Borrower des�gnates by not�ce to Lender Any not�ce to Lender shall be grve�by +�-_
<br /> tirst class mai9la Iender'saddressstated here�n or anyother address Lentle►des�gnates by not�ce fo Borrower Any nobce �—
<br /> prOVided�Or mthis SeCUnty Instrumenl S�all be deemed to have been q�ven to Borrower or Lender when grven as p�ovided t`T _
<br /> in th�s paragraph. .
<br /> , 15. Goreming Law;Seversbility. This Securdy Inshument shaif be govcrned by tederal taw and the law ot the '
<br /> jurisdict�on in which the Praperty�s located In the event tnat any prov�s�c�n or ciause o�tn�s Secur�ty Instrument or the �
<br /> � Note confl�cts w�th appt�cabie Iaw.sucn confi�ct shatl not alfect other prov�sions of this Security Instrument or the Note
<br /> whichcanbQgiveneffectw�thouttheconfhc!�ngprov�s�on Totn�sc�ndtt�ep�Ov�S�On�,otlh�sSecur:tylnstrumentandthe
<br /> Note are declared to b�severable
<br /> i6. �orrower`s Copy. Barrower snan 5e grven one cantormc�d CGpy o1 T��Notc and of th�s SeCUrdy Instrument
<br /> 17. Tansterof theProperty o�a Be�efieia{Interest inBo�towe►. �t,in c,r any pa►t of the Property or any interest in
<br /> rt�s sold or transterred!or�f a benei�c�al+nteresi m Borrower�s soid nr trf,+�5fc�rrf��1�tnp Bo�rpv+c�is not�n�tur�l perSOnj
<br /> without Lender's pnor wntten consent.Lender may,at�ts�pLOn requu��mmed��ite payment in full pt��II sums seCUred by
<br /> �hIS S@CUnty InStrumer�t HowPVer.th�s opt�on shall not be ex�rc�s�d hy L�•nri�r�t{+at�tf.iSC�s p�oh�b�ted by fedFrai law as ot
<br /> " the date Of this SeCUnty Instrumenl .
<br /> NLenderexerci5esthisopUOn.Lendershallg�veBdrrower��ouc����faec_F•ltrdT�Un Tr�E�nui�cc•sh�311prowdedper�pd
<br /> 01 not tess than30days from thedate the not�ce�s dB1�vCrf.'7 Ur MFii+Pd�ti�thin p.h�ch BUnu�vE•r mu5►p�y���Sums SeCUred b/
<br /> th�s SeCUr�ty InStrument It Borrower taJS to paY these sums pnor t;J 1hP Px�?�r�}�pn pt�hi;pPr�(��1 �E�ndpr may+nvoke any �-_=—"- _-
<br /> remed�QS perm�tted by th�s S@CU��ty InStrumPnl w�lhUUf�t�ith�r n��Tic��c�r at•rn�n� t,r,fj��rr��yf�r �
<br /> 18. Botrower's Rlyht to Reinslate. 'it eorrotiuer r�E•ets ce+!a�n rc�rci�t�o�,; E"sorro,•,er ;han ►�a�r•tnE�ngnt to have
<br /> enforCementolth�sSeCUntylnstrumentdiscont�n��ed�lt�nyt�rnep��c,�t�,t��t•t•�+r��f•�v� �a:5tlriy,i�r<,ucnothE�rpz�r�c,das �
<br /> appl�cable lawmay specily for re�nstatement►�e+orf•Sii�C U1 thE'F'►OpE'�ty�u�5u,fr�1 'U lny�c�.•rer n� S�t:C COnininFd�n 1hiS �
<br /> SECUniylnSlrum�nt.Or�blentry0t��udgmenStntU�c�nqlh,sSBCU��Iylnstrunic�ni T���;;,:��.nd�Iwn�,�rE�;h��gorr�wer (a)
<br /> pays Lender aiI sum,wh�Ch then would he clue unde� 1r�iS SCCu'�ly In51•�lf'�F•��1;1'�:71r`F•N1tt•hAd��h;�C GPIE'f l(ibn UtCUfleU
<br /> L (b) CurE�s dny dBf�ult t;f�hy o1hBr cU:P��nls tn �g�c°emt•nls ;r � C.+�`. ��i� }.R1,�.,.:.t °, n�,.rr�c} �n cr�ftirt�ny 1Ni<. Srcur�ty
<br /> In5trumenT.inCluding butnot hnntedto r�•aspnac,le•,ittc�r.�t�y�. }i•t•s ;i�ct r-!�t.���•,< .: r�,ir},���,,�<,l�•�dt�r m,s�rt•ifSOn�bl�
<br /> requir�toFlSSUfeth�ltihf`hPnO}thi5;eCUr�Iy1r�51�t�mpnl 1 ����de�rc.t����'�tS�i.'�.�.�•+�.�{ . �1� ��::SEi�.�'„'r.t�� •.��ni��;�t�rintUpAV
<br /> 1hC SUnlS SE`CUtE'C�hy 1t:�SSCi Urily lti5l�Urr:P1'�1 Chi111� ,irtir.,�l'�i•+(�• 1'�r7�d �.�( r�rr.r :1 t'� n... •hr Ey ,r �.7i•� *^�°. tir•C��hl� 1~
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