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<br />89-- 102720
<br />if I ender rcquucd mortgage insurance a% a :(+ndmon of making the loan secured b% this Security Instrument,
<br />Horrower ,hall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance intimate% m a:: ordance w ith Hormwer's and Lender's written agreement or applicable law .
<br />8. Inspection. Lester or its agent may make reasonable entries upon and inspections of the Prrperty. Lender
<br />shall give Horrower 1101ce.at the timc 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 consequential, in connection with
<br />any condemnation or other taking of any part of [lie Propert, or for comevance in lieu of condemnation, are hereby
<br />assigned anti shall be pate! to 1,endet
<br />In the evetn Of a total taking of the Pr`-Ter-,y. the pro(;e,1x[ :s shall ba: applied to the sums secured by this Security
<br />1 nstrumctTt, whether or not then due, with air} c cress paid to ftlylrrlavv(;i•. Lir. the event of a partial taking of the Propem.
<br />unitns Boirem.cr and Ee•nderotherwise agree in Hraing, olio %orris uxuRtf.l ?p t•lms Security instrument shall be reduced by
<br />the amount of the proceeds multiplied by the foltowing, fractiun. (a) the total amount of the sums secured immediately
<br />before the ta}%t>? . di%ided by (h) the fair iv rhet value of the Prt pert) immediately before the taking. Any balance "ball he
<br />paid to Horr, +uvr
<br />i If thr Properly i% abandoned by Potrower, or if, after notice b% I ender to Borrower that the condeimt(ac tiR'ers to
<br />make an award or settle a claim for damages, Borrower fails to respond to I ender within 0 days after the datc the no ;ice is
<br />given, Lender i% authotited m collect anti airph' thz proceeds, at its \option, either to restoration or repair of the ]Property or
<br />ix+ the sums secured by this Security itivtramcnt. %hether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, anyapplicattoit of proceeds to principal shall not cxter;d or
<br />postpone the due date of the monthly payments referred to in paragraphs t and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By !.ender Not a Waiver. Extension of the time for payment or
<br />modification of untornration of the sums secured by this Security instrtimettt granted by Lender to any successor in
<br />interest of Horrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to coilimence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modillyamortiration of the sums secured by this Security Instrument by reason of any demand made
<br />by the ong►nal Borrower or ilorrower'c succe%som in interest Am forbearance by Lender in cxcrcising any right or remedy
<br />shall not he a waiver of or preclude the e%crci %c of any right or remedy
<br />11. Successors and Assigns hound; Joint and Several Liability; E :o.siRners, The co%cnanfs and agreements of
<br />this Security Instrument shall hind and benefit t he successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17 Borrow er'c covenants and agreements shall hejoint and several. Any Borrower who co-signs this Security
<br />Instrument but does not execute the Note ta) I% co-signing this Security instrument only to mortgage, grant and convey
<br />that Horrower'% interest in the Propert under the terms of this Security Instrument: (h) is not personally obligated to pay
<br />the sums secured by this Security In %trumem. and (e) agrees that I.ender and any other Borrower may agree to extend.
<br />modify. forbear or snake any accornmiriat.+n, with refud ifs rh: :rani; :f this 17e urii% bmitutncnf or the Plate without
<br />that Horrower'scoment
<br />12. "an :'b::ges. If the it +an aaurcti by this Sccurit% Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted sti chat the interest or other loan charges collected or to he collected in
<br />connection with the loan exceed the permitted htmaitt.. then. (a) any such loan charge shall he reduced by the amount
<br />nrce% %ary to reduce the charge to the permitted limit, and (h) any %ut % already :ollected from Borrower which exceeded
<br />permitted limit% will he refunded to Borrower i.ender ma% choose to make this refund h16 rt:dtic►ng the principal owed
<br />under the Note or by tnak6ng.adirect payment to HOMMer. If a refund reduce% principal, the reducmtin will be treated a%a
<br />07tial prepayment wtthuut:4n) prepayment charge under the Note
<br />13. Legislation Afectinit Lender's Rights. if enactment or expiration of applicable laws has the effect of
<br />rendering any pro%mon of the Note or this Security lmtrumrm u.ticmfi+rceahfc rccorthne, to its terms, lender, at it%option,
<br />may require Immediate payment in full of all %um% %ccui(.(i by rl tr Securo�y lnstra ment and may invoke any remedies
<br />.giermitted by paragraph l u If i ender c•+terciscs thi% "Pt I- cl!der, ;fall take' the stcp,> specified in the sisal •1Id paragraph of
<br />paragraph 17
<br />14. Notices. Arc :+ notice to Borrow Cr pr016 rllcd fin In this Security t'rsz r- anient shall be g;%•c, - -- by dielivering it or by
<br />maihng it by first class inad unless applicable law requires method Ilia; rr<'r•tice %hall be directed to the
<br />Property Address or am other addres% Horrower designates hs I,t;ilce tt+ Lender Any rv-)ru:%r to Lender %hall he given by
<br />first (:lass matt to Lender ,+.; ddre%% %wtcd herein „ran) tither atfdre %% I-cndcr d�•!, :gnate% t1y notice In Burrower. Any notice
<br />prrnided for to this Seculily 1 ri%trument ,hall he ddenlext•'ti hate been green Lender w h:en given as provided
<br />in this paragraph
<br />15. Governing l.aw; Severahi.lit'. 'ihis Security Instrument shall he g(i%crntcf li•�: lixier :['3�tt'and the law of the
<br />jurisdiction ui which the Property is hicated In the e\ert tharimv provt %ion or cla— tl1'rlii, :het itttc Instrument or the
<br />:Vote conflicj;i .with applicable law. %u :h conflict shall not pro%imon% of this Security inst'cument or the Note
<br />which can he given effect without the conf)icting; provli iiir, To this end the proiision% of this Se' -t; {ir.itrument and the
<br />'Vote are. declared to be severable curt
<br />16. Borrower's Copy. Borrower shall he gt'i.en <ine t :rnft+rmed copy of the '.Vote and Of this ' instrument.
<br />IT. Transfer of the Property or a Beneficial Interest in Borrower. If all or am part of ili(: Property or any
<br />interest m it a%sold or transferred (or if a beneficial interest In Horrover i% %old or trap %ferrcd and Borrower i% not a natural
<br />poison) without [.ender'% pent written con%eni. lender ma%, at It% optioir, reywre immediate payment ill full of all sum,
<br />secured by this Security inurument. However, this opium %hall not to eicrowd M Linder if exercise is prohthited by
<br />federal law a% of the date of this Security Instrument.
<br />[f Lender exercise% fht%option. Lender shall gne Horrower noth.0 of acceleration the mitlte %hall prmlde a period
<br />of not les%than tOdays from thedate the moiler t%deli %erect or mailed within t %hlth Hurriniler must pin all Nunn-, scoured by
<br />this icc•um% instrument If H(,rr(•ucr faik in pav these sum, print in the expirannn tot this period. I ende•t nl•1% u1%.11k • •Inn
<br />rernedtes permitted h} the%Secunt% imttument wtthout further rwiltcrte deal and nn littrro%%Ct
<br />18, Borrower's Right to Reinvate. If li(+rtttw(•r rn('ct% t crl,un t+mdtiunis. liorrowcr shall ha%r the tfetit t„ h,i%t•
<br />cnforirm(nt .•f "olio% seerunty iti%irutnent th%umimuctf at ,Inv lisle Prim it, they carhct t tf iat S ifx,%fot ti, , tgl?rr pc rit•tf aN
<br />L apjth�.t) %le law rl :3% %Ix tf\ t•,r reirm atentent i tk•t.'rc %air• of the- )It pert% pur%uutt t- ill% power ,•f %,tic .. rlt.unrtl n• Ih1N
<br />`t't llflt% 1iu1tl�InfC1 ?I t,f ifs! etrtt} Of It jitilgrnClit ( I fr•Cttrl¢ fill% tie:urn% Ir.V ftl rlll'r1i I h',e t o iltlltlt,tj%.t rc th 11 Ii •tin\ \t':
<br />(•tl f+a\. i efi•!cr ill %1,11% 60ti :h thcit wt,uld h(• d:.c limier till'. tittunt, 111.,•fur•rcl)' and the %or fad rI, .I, • c !. 1 011.1,
<br />Utfcd (I•I .:IIeN 11,'r 1103ilil „t ,Ili% tttlref w.!;!1.ar1t%
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