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<br />1 IM
<br />MA
<br />89-= 102298
<br />If Lender required mortpje insurance as a condition of making the loan secured by this Security Instrument.
<br />Iiorrowiershelf ay'x a trpttiutau required to maintain the insurance in effect until such time as the requirement for the
<br />inauraie a tatantittaje�t,!aaordiince with Borrower's and Lender's written agreetr:aent or applicable law.
<br />g....limp or its agent may snake reasonable entries upon,and inspections of the Property. Lender
<br />,. girerlitetrtrowetr tlatief K tlSt time
<br />for prior to an inspection specifying reasonable cause for the inspection.
<br />s Cataiewtioat. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in iieu '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 ist taking of the Property.
<br />unless Borrower and Lender otherwise agree in writing, the sums sawed by thKSecurity Instrument shall be reduced by
<br />the amount of the proceeds mWtiphW by the following fravion; (O the total amount of the sums secured 'immediately
<br />before the takings, d%:ided by (b) the fair market value of (fie i rope rq-- ediateliy before the taking. Any balance shall be
<br />paid to Borrower..
<br />Lf the R-q- ty is abandoned by Borrower, or if;, aft& notice by Lender to Borrower that the comidernnor offers to
<br />make an award cr s aka claim for damages, Bormwer,,M— 1F -fii respond to Lendeewithin 30 days after tl& date the notice is
<br />given. Lender is i =b sized its i ollect and apply the ptiix i ;at its eption, eitherto restoration or itpair of the Property or
<br />to the sums seccredbtythis Security Instrumem..whetliernr Pint th-m due.
<br />Unless Lehr and Bomiwer otherwise it&ee:iii li iith�g, any application. al'proceeds to principal shA not extend or
<br />postpone the due date of the monthly payments referrer! -(a ut paragraphs I and Z or change the amount of sash payments.
<br />10. Borrower Not Released; Forbearance By Lender Net • Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this SectFnsys Instrumen'a granted by Lender, to any successor, in
<br />interest of Borrower shalt not operate to release the liability of the original Eoirower or Borrower's successors in interest.
<br />Leader shall not be required to commence proceedings against any successoa in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security !instrument by reason of any demand made
<br />by-the original Borrower or Borrower's successors in int amt. Any forbearance by Lender in exercising any cfght or remedy
<br />shall. not be a waiver ofor preclude the exercise of any right.or remedy.
<br />11. Saawsots and Asaipts Board; Joint anal S'ermal Liability; Co-signers. The covenants and agreements of
<br />this Security Ins`rw=t shall bind and benefit the successors and assigns of Lender and Borr, zwer, subject to the provisions
<br />cf paragraph 17. otre_trw's covenants and agreements dealt be joint and several. Ar-y Borrower who co -signs this Security
<br />la strument but does rot. = ze the Note: (a) is co- signing this Security Instmm=t Orly :a mortgage, grant and convey
<br />that. Borrower's inrwest in t _z Property under the terms of this Security Instrdrnwt; i zs dot personally obligated to pay
<br />Oe sums securedi ky t:n:s Security Instrument; and (c) agrees that Lender and any oti-ar Borrower may agree to extend,
<br />gtadini,, forbear, v;: t Ae imy accommodations with regard to the hens% of this Security Instrument or the Note without
<br />gnat; ffi:ittrzilrees 4 0=1-tmt.
<br />M L,-,4m C1 g= rF e1 r loan secured by this Security In ru; lent k; subject to a law which sets maximum loan
<br />charges, and rha: law is fin4's- interpreted so that the interest oc other loan charges cellected or to be collected in
<br />connection w :;: rbe loan exceed the permitted limits, then: (a) arty such loan charge sbaJ1 lu reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any lames already collected rmm Borrower which exceeded
<br />permitted, limits will be refunded to Borrower. Lender may choose to make dTris. refund .b, educing the principal owed
<br />utt&r the Note or by making a direct payment to Borrower. If a reftnid reduce&, pT*6pai, the rtductiQn will lx- treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />11• legislation Affecting Leader's Rights. If enactment or expiration of aFol mf:ze tz *s i,;Fs ti:c efYeci of
<br />rendering any prcn ision of the Note or this Security Instrument unenforceable according to a:srte, Lim -d iw, at its option,
<br />may,require immediate payment in full of all sums secured by this Security Instrument and =ay im�rske any remedies
<br />permiriad,by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the secacd paragraph of
<br />paragraph, 17.
<br />K. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing its by fin ,2 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 Lender. Any notice to Lender shall be given by
<br />first ciiist, muilito Lender's address stated herein or any other address Lender de- Ogrates by notice to Borrower. Any notice
<br />provided1for. itrthis Security Instrument shall be deemed to have been given to Bo rr; :wer or Lender when given as provided
<br />in this paragraph.
<br />15. CArrx iyg Law; Severability. This Security Instrument shall be governed by fWeral law and the law of the
<br />jurisdiction in *W-vthe Property is located. In the event that any provision at, dzvse of this Security Instrument or the
<br />Ncict:mflicts with applicable law, such conflict shall not affect other provisions 12f this Security instrument or the Note
<br />%hialr can be given effect without the conflicting provision. To this end' the provisions of this Security Instrument and the
<br />Note are declarid -t o be severable.
<br />16. Busse mWs Cogy. Borrower shall be Riven one conformcd copy of the Ntoic and of this Security Instrument.
<br />17. Trametw of the Property or a 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 Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent. Lender may, at its option. requae 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 tits 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 Burrower must pay all sutras secured by
<br />this Security Instrument. If Barrower fails to pay these sums prior to the expiration of this period. Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />16. Ronvwees iiijk tu-Rdmttate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Se unty Instrument discontinued at any time prior to the earlier of (a) 5 days (or such other period as
<br />applicable law may specify fun +renimatemect) before safe of the Property pursuant to any power of sale contained rn this
<br />Security instrument, or (ts;JentuV of a judgment enforcing this Security Instrument. Those conditions are that Borrower
<br />la) pays Lender all sums which• then would be due under this Security Instrument and the Note had no acceleration
<br />occurred, (b) cures any default! of any (alter covenants or agteements, (c) pays ail expenses incurred in enforcing this
<br />Security Instrument. including, bur nrt limited to. reasonable attorneys fees, and fdy takes such aetturi as t.endet may
<br />reasonably require to assure that the lien of this Security lnittument, Lender's nghti� in the Property and Wrroiacr's
<br />orbliphim tv pay the sums secured by this Security instrument shalt continue unchanged Upim reioiattmcni by
<br />13arrowet, this Security instrument and rite nbltgations securedhereby shall remain full,, effe. ii�e ns if stn acceteration.had
<br />rcrurrcd lfrwecer. thisnght to reinsriie Owit nw app4 in rheca%e of aL;_elerniion tinder paragraphk i x or 17
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