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<br />89-�- 101465
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lenders written agreement or applicable law.
<br />8. Inspection. Lender or its agent may 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 fbr damages, direct or consequential, 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 excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its apderr, either to restoration or repair of the Property or.
<br />to the sums secured by this Security Instrument, whether or not then due
<br />Unless Lender and Borrcw-er otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postperda tAe due date of the ma nthly payments referred to in paragraphs 1 and Z or Cmange the amount of such payments.
<br />Borrower Not Released; Forbeamee By Lender Not a Waiver, ,r E~ nsion of the time for payment or
<br />modification of amortization of the sums secured by this Security LrwCivment g*_a#,A by Lender to any successor in
<br />interest of Borrower shall not operate to releasi the liability of the original Borrower or Borrower's successors in interest.
<br />Lender s'�all not be required to commence proceedings against any. successor in _merest or refuse to extend time for
<br />payrnc-T-.t •sr otherwise modify amortization of the sums secured by this Security Instrument by reason of any derrand made
<br />by the y i C ID: rrmwer or Borrower's successors in interest. Any forbw, rnnce by Lender in exercising any ri6:s; ox— remedy
<br />shall not IS.- (a ue er of or preclude the exercise of any right or remedy-
<br />M- Sneeessmrs and Assigns Bound, Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Secdrety Instrument shall bind and benefit the successors and assigns of Londe rd Borrower, subject to the provisions
<br />of pame.4�h 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this 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 and r tine terms of this Security Lnstrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrumearz art.3 (c) agrees that Leader and any other Borrower may agree to extend,
<br />modN'y, forbear or intake any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that &-,-rr-awer's consent.
<br />12. Loan Charges. If the loan secured by this :emr'.1y Instrument is subject to a law which sets maximum loan
<br />sl .egos, and that law is finally interpreted so that the interest or :: "her loan charges collected or to be collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />nemsery to reduce the charge to the permitted limit; and (b) any sums "already collected from Borrower which exceeded
<br />,,arrrdaed limits will be refunded to Borrower. Lender may choose,to make !hi4 refund by reducing the principal owed
<br />Y. d the Note or by making a direct payment to Borrower. If a refund reduces F;%,':w;pal. the reduction i>~„l t;i: treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicati:le laws his r.i'y' :T?Zct. of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, ae � rs c,t; ;ion.
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke ary remedies
<br />permitted by paragraph 19. If Lender exercises this option. Lender shall take the steps specified in the seco:iL paragraph of
<br />paragraph 17.
<br />14. Netiw„ Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lendq. -Any notice to Lender stall tr given by
<br />first class mail to Lender's address stated herein or any of her address Lender desi raics by notice: to Borrower. Any notice
<br />provided for in this Security Instrument shall be-deemed to have been gir en to 96 rOwer or l.en6r when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security instrument shall be governed by fed! -.ral law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law. such conflict shall not affect other provisions of this Security Instrumnt or the Note
<br />which can be given effect without the conflicting provision. To this 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 or o Beneflcial 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 Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lenders prior written consent. Lender may. at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date 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 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any
<br />remedies permitred by this Cc.: uflry Instrument_ without further notice or demand on Burro..ter.
<br />118. Borrower's Right to Reinstate. If Borrower meets certain conditions. Bnrrower shall have the right to have
<br />enforcement of this Security instrument discontinued at any time prior to the earlier (if. (a) 5 days for such other period a%
<br />applicable lave may specify for reinstatement) before sate of the Property pursuant to any power of sale contained iii this
<br />Security Instrument; or (b) entry of a judgment enforcing this Security instrument Thow conditions are that Harrower
<br />(a) pays Lender all sums which their would he due under this Security Instrument and the dote had no acceleration
<br />occurred; (h) cure% any default of any other covenants or agreements; (c) pays all expenses incurred iii enfor mig this
<br />Security Instrument. including, but not tinutcd to, reasonable attorney~ fecw, and (d) takes such action as Lender imi}
<br />reawnably require to assure that the lien of this Security insirunient, Lender's rights in the Propert} and licrrimer'4
<br />obligation to pay the %umti secured icy tins Sccesnty Instrument shalt contrnur unchanged Cl +on reiiistatenicnt h}
<br />Borrower. 11iis5ecurity Inmr:imcnt and the Oslii:,atif an secured hereby %hall rc•rraiii Lull% c0ectne a, if im uccele•ration kid
<br />occurred } {,swc> er. thin Ty to ronct.rtc 4hall nf,t apply in chi ati. of ac•cclrr.,t., n uudri t�,u.rgr.cph% t z r,r t'
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