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<br /> - 90�- �����4
<br /> r1P Lender requi�ed mnrtga�e insurance as a eonciition of making the loan secured by this SGCUriIy i�strument,
<br /> , Horrawer�hali pay th�premiums rtquirtd to rstaintain thc insusance in eft'ect until such time as the requirement for the
<br /> � insurAnce terminates in accordan�e with Horrower's and Lender's writte�agreement or applicable law.
<br /> ( S. In�ecHo�. 4ender or its agent may make reasonabte entries upon and inspectioas af the Areporty. Lender
<br /> ' sha11 give Barrower natice at the time of�r prior to an inspection s�xcifying reasonable cause for the inspection.
<br /> ' 4. Coaden�n�tian. The proceeds of any award ar claim for damages,direct ar consequential.in conn�ction with
<br /> I �iny candemn�tion or other tai�ing of any pan of the Prapeny, or for convcyance in lieu of condemnation� are hereby
<br /> j . � ass±gned and sha116�:paid ta Lcnder.
<br /> In the event oP a tatal taking of the Property.the proceeds shall 6e applied to the sums secured by this Security
<br /> Instrument,whethcr or not then due,with any excess paid to Horruwer. ln the event of a partial taking of the Property,
<br /> unless Banower and Lender otherwise agree in writing,the sums secured by this Security l�strument shall be reduced by
<br /> I the amount of the proceeds multiplied by the following fractiar,: (a)the total amount of'the sums secured immediately
<br /> betore the taking,divided by(b)the fair market vnlue of the Property immediately before the taking.Any balance shall be
<br /> l p�id to Borrower.
<br /> lf the Property is abandoned by Borrower.or if,after notice by Lender to Borrawer that the condemnor ofi'ers to
<br /> make an award or settle a clalm for damages,Hottower fails to respc�nal ta Lender within 30 days af'ter the date the notiE.e es
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<br /> given,I.,ender is authorized to collect and aFply the proceeds,at its o�tion,eiiher to restoratiac►or repair of the Proper�g es
<br /> 1 :0:�:.°�US:`w.'�t:tL'�tiJ�2�!!9 ClC��il��'Tnet�rnrr;�puh�thwr s►rlfOt th!`!ls���t,
<br /> , Unless Lender and Bottawer otherwise agree in v�riting,any application of proceeds ta principal chall not extend or
<br /> 1 postpcine the due date of the monthly payments referred ta in paragraphs 1 and 2 or change the amount af such payments.
<br /> � 10. Borrower Not Releafed; Forbd�nnce Hy Lender Nat a Waiver. Extension of the time for payment or
<br /> modification of amortization of the sums securod by this Security lnstrument granted by Lender to any successor in
<br /> � interest of Borrov►�er shaq not operate to release the liability of the original Horrower 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 /> � payment or atherwix modify amortization of the sums secured by this Security Instrument by reasan of any demand made �
<br /> � by the original Borrower or Bonower's successors i�interest.Any forbearance by l.ender in exercising any right or remedy
<br /> ' shall not be a waiver of or preclude the eaercise af any right or remedy.
<br /> � 11. Succsiwrs snd Aaip�t Bound;Jetnt and SeYenl Liability:Go-�igner�. Th�coeenants and agrcements of
<br /> this Security Instrument shall bind and beneftt the successors and assigns of ixnder and Borrower,subject to the pravisions �
<br /> oPparagraph 17.Borrower's cavenants and agreements shall be joint and scveral.Any 8orrewer whu casigns this Security "
<br /> ____ . -._ InMe�,_�e,�,,�n*I,��e��,.��.,Z r�Mn��*1,�N�,r��(al is cn.sianinr thic Sccurity Instrummt nnly to mort�te.¢rant s�nd canvey ,
<br /> � that Borrower s intcrest in the Property under Ihe terms uf'Ihis Securty lnstrument;(b3�s not persanally abtigatcd to pay ; :"-
<br /> ihe sums socured by this Security Instrument;nnd(c)agrees that Lender and any uthcr I3orrower may agree to extend. _
<br /> madify,forbear or make any accommodations with regard to the terms oP this Security Instrument or the Note without : ;
<br /> ; that Borrower's consent. -�
<br /> � 12, Loan Charges. If the loan sccured by this Security lnstrument is subject to a law which sets maximum loan -
<br /> � charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in -
<br /> j connection with the loan eaceed the permitted limits, then: (a) any such laan charge shall t+e reduced by the amount '
<br /> � necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Bc�rrower which exceeded _
<br /> � permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br /> � under the Note or by making a direct payment to Borrower.If a refund reduces principal.the reduction witl be treated as a
<br /> � partial prepayment without any prepayment charge under the Note.
<br /> � 13. Legitlation Afiecting I.ead�r's Rtg6ts. lf enactment or expiration af applica�le laws has the effect of
<br /> '• rendering any provision of the Note or this Security Instrument unenfnrceable accarding ta its terms,Lender.at its option,
<br /> , may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br /> ' permitted by paragraph 19. IPLender exercises this option.l.ender shall take the steps specified in the second paragraph of
<br /> , paragraph 17.
<br /> 14. NotIces. Any notice to$orrower provided fbr in this Security Instrument ahall be given by delivering it or by
<br /> mailing it by first class mail unless applicable law reyuires use of another methcid. The notice shall be directed to the -
<br /> Property Address or any other uddress Borrower designates by notice ta Lender. Any notice to Lender�hall be given by
<br /> . flrst class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice '
<br /> pravided for in this Security lnstrument shatl be deemed to have been given to Borrower or Lender when given as provi�ed
<br /> in this paragraph.
<br /> 1S. Coverrttng,i,�w;SeveMbility. Tt�is Security ]nstrument shall be governed Ny federal law and the law oP the
<br /> jurisdictinn in which the f'roperty is lix;ate�l. ln the event th�t any provisian or ciausc of this Sccurity Instrurnrnt ur the
<br /> . Nate conflicts with applicable law,such conflict shall not aflect other provi5ions of this Security Instrument or the Note
<br /> which ean be given effect without the conflicting provision.To this end the provisioros of this Security Instrument and the
<br /> Note are declared to be severable.
<br /> 16. Borrower's Capy. Borrower sh,�l)be gi�•en one contormed copy of the Nnte and of thi!,Security Iastrument.
<br /> 17. Transfer of the Property or a Bgneficfal Interest in Borrower. If all or any part of the Yroperty or any
<br /> interest in it is sold or transferred(or if a bene6cial interest in Borra+ver is sold or trarisfcrred and Borrower is not a natural
<br /> person)without Lender's prior written consent, Lender may, at its option, reyuire immcdiate payment in futl of all Sums
<br /> secured by th�s Security Instrument. However, this optton shal! not be exercised by i.ender if exercise is prohibired by
<br /> fcderal law as af the date of this Sccurity Instrument. �- ��-
<br /> If Lender exercises Eh►s option, 1Lender shaU give BorroNrer notice of accetz ration. Thc nottce Shal{�ro�ide a per-iod '
<br /> of not less than 30 days Prom the date.t�e r.otice is delivered or ma�ied within w huh Horrc���rr m�itit pay all wmti Secu�e�by
<br /> ihis Security Ir.�4rumcnt. If Borrower fa�is to pay these sums pr:or[o the expiration of'thsti�+c;iad. Lcr.der may�moke any
<br /> remedies permitted by this Security Inytrument without further n�tice ar demand on Horroaer.
<br /> 18. Botrower's Rigfit to Reinstate. if Borrower mects ccrtain condition�. Kurruwrr tihail hasz tne rtght i�have �
<br /> enforcement of this Security lnstrument d��rantinucd at tiny t�tne prior t�the earlicr�f:(a)5 dayt(or�uch��ther period a� p��
<br />• � applicable law may specify for reinstatement)hefore sale of thc Property �+urtivant tcs any rnwer��f�ale conlained m thts �
<br /> Security Instrument:or(b)entry of a judgment enf�rcmg th�s Secuntp In�trument Thcne cundit��m are that Hc,crowrr �
<br /> (a) pays Lender all wms which then w•ould be due undFr thi� Serunty� Imtrument and the tiute had nn acccleratirn �
<br /> uccurrrci; (b)cure+ �+ny �3efauit �f.u�}• other c�,��nant� ar a�rr�mri�t�, (�) pay� a!I c:�:.mr� �ncurrec� ir. enfe��;i�g !hn ��
<br /> Secunl�' {nstrument, includin�, but nc�t lim�ted tn, rea�nnable .ittomeyti' fecti:rnd Idl �ake� �uch a�n��n a� ! cnJer m�} �tA�
<br /> reasot:ably reqmrc tn ati�urc that thc lien c�f thiti Security Insttument. I endrr'� rit�ht� m thc 1'n�per�y anil linrra�utr'�
<br /> obhgatu,n to pay the �ums tircurrd h} thiti Secunty' (n�!run�cnt �hall <<�ntine�c• unchan�rci l ��:m rrin.t.�tcnirnt h� �
<br /> Bc�rr��«•er.thi5 S���i�ity lmtrument ariel thc•��hhK.�tti�nti�e�urcd }�creh� tih.�l{ rcin:u��tull� rfFr�u�r�„�f n��.u�e•Irr�iu�m h.ul
<br /> � uccurrcd. Noae�cr.tht`ti�;ht turcir�at��trtih��il n��t .i�pl< <n ihr�.�•c•„f .irrelcreU��n uu�ir� j�.�r,�:�i.�� h. I ;��r 1'
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