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r <br />F 7 <br />90- *pa233 <br />If Larder required mongW insurance a a condition of making the loan inured by this Swurby lnatrwnent. <br />Borrower 11!1411 pay the promiums required to maintain the insurance in effect until such time as the requiresataat for the <br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law. <br />L Imendw Leader or its argent may make reasonable entries upon and inspections of the Property. Fender <br />don give Bot"Werno" at the timeafar prior to an hupection specifying reasonable came for the hulawtion. <br />!tL COMOMM41M The proceeds of any award or claim for damagm direct or capiequeatial, in corm ction 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 scans tacwed by OA Security <br />Indruaaaat, whether or ntM then due, urkb any eaoeaa paid to 9wrower. in the event of a partial taking of tie proper; 1114. <br />ter" Borrower sad LaadRrotherwise *pee in wriRk& The "am seruced by this Security Instrument <br />shall be reduced by <br />the amount dire �raoeals nulbpb d by tie WLlawsatg ffsctm: fie) &be total smww of the tuna secured immediately <br />bdtridad I viUl tie fairaser#tq valvrdtk Propeny immediately before the takiag. Any bahuaoe" be <br />If rise P+gpoerty is al)gatdoned by Borrower. or if. An notice by Lender to Borrower that the cgadaralm offers to <br />take asst swam! ON 011ttk *Claim for daoagea. Borrower fait to respond to Lender within 30 days alter the date <br />the aotim is <br />gives. Loader issaaboNsedl t000ikct and apply the proceeds, Mile option, atber to restoration or repair of the Property or <br />toIrestiassecuredby this:Security Instrument, wl eAtror not then due. <br />Uales L.aakr and Bsrmww otb►emise agrae,n writing, any application of proceeds to pnncipW -Anil not eatend or <br />postpone ik due date of the vveatlt¢s p eline:nts referred to in paragraphs 1 and 2 or chtatrygt the amount <br />of such psycws". <br />11. lr MmW NO Rdgm$ li Forbs+nace By Larer Not a Waiver. Eatesw,,.a of the time for psytaaem or <br />modileatim of AmOrdcm= of the stains secured by this Security Instrativni granted by !.cruder to any successor is <br />imMsest of Borrower shW not operate to release the liability of the original Borrower or Borrower's successors in inid". <br />Larder tthsaq an be requhvd to connmetwe proceedings against any successor in merest or refuse <br />to extend time for <br />payaKat at odwmia modify amortirst icn of the sums secured by this Security Instrument by reason of any demand) anode <br />by Ire oti OW IiWi rer or Borrower's successors in interest. Any forbearance by Lender in <br />exercising any right or remedy <br />11th" 90 bW- a iv+arei oi6r p MdMk the exercise of any right or remedy. <br />11. Saeesatsas ad MOW Seatlt Jda a■I Several IJsrtlltyl Cwslgaers. The covenants and agreements of <br />this Security instrument shall bind and benefit the successors and amps of Lender and Borrower. <br />s, <br />subject to the provisions <br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who coigns this Security <br />� <br />Instrument but does not execute the Note: (a) is cosigning this Security In%trument only to mortgage. gmnt and convey <br />that Borrower's interest in the Property under the terms of that Security Instrument, (b) is not <br />personally obligated to pay <br />t1te tunas secured by this Security Instrument; and ic) agrees that Lander and any other Borrower may agree to extend, <br />ma:ifj, forbear or snake any aoeoataradstiom <br />with regard to the terms of this Security Instrument or the Note without <br />tb -t .lorrower'sconsent. <br />— <br />IL Lsaa Clarks. If the loan secured by tlus Security Instrument is subject tO a law which ads maximum loan <br />charges. snd that law is Mally interpreted so that the interest or other 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 />aeoessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded <br />permitted limits will be refunded to Borrower. Lender may chocxe tit make this refund by reducing the principal owed <br />under dw Note or by making a direct Payment to Borrower. If a refund reduces principal, the reduction will be treated u a <br />T'1111f <br />pa rilal prepayment without any pap ayrtwu charge under the N otc. <br />13. Lasbladsa Allfeetiag Leaderla Rights, If enactment or expiration of applicable laws has the effect of <br />rendering any provision of the Note of this Security Instrument unenforceable according do it% terms, Lender, at its option, <br />may require immediate payment in Hill of all sums secured b}. ibis Security Instrument and may invoke any remedies <br />permitted by paragraph 19. if Lender exricim this option, Lender • nhall take the steps spec•itied in the second paragraph of <br />i <br />paragraph 17. <br />14. NsdM& Any natice to Borrower provided for in this Security Instrument shall he given by delivenng if or by <br />st miWS it by first class astui: inks applicable lase rcauires use of another method The notice shell he directed to the <br />a Fier <br />Property Addreu or any otlher address Botmver designates by notice to Lender Any notice to Lender shall be go" by <br />n ; <br />11114 class seal! to Laadar's address stated herein or any other address Lender designates by notice to borrower. A+ny ir►aace <br />providd for sir this Saaresty fatrus%eeac swUll be deemed to have been given to Borrower or Lender when gives aspna t,-AM <br />is tii+t patsgrapia. <br />' <br />1g. C�wairtg Law«+.'a7avtealility. This Saunty Instrument shalt be governed by federal law acct tha lair .4 -t.*V <br />jruiadietioo in which the %Vperty is located. In the event that any provtswm or clause of this Security Imr omm •,rr ,,mfr <br />Nate eonfiit 1111 witb applic*k law. such conflict shall not Ww duet pro.twxny of this Secunty Instrument or dke w <br />.ire <br />which can be pwa effect without tier c+ondictsng provision To Ibn OW the pnwntons a dress Security lasirument er134 the <br />Nossare dacl iredsc be severable. <br />M lean "an'a Deli. Borrower shall be gssea one confirmed ctV+ life the Noce and of tbas kirn:rity Instrument. <br />17. 7iaaalrr of rises Prelaety or a Boodleld Istar,a_q is Borrower. If all or any part of rise Property or any <br />-= 0-� - - -- <br />pttr11ea► wM set heaider't prior written consent, Loader arm at ttarr is sold or traram"mea sw Borrower is not s natural <br />y. option. require evan�ed4ate payaeent an full of all autos <br />secured by tbk Security Instrument. However, this uptwa shall nwt be exe►cised by Letuoler it exeraw a probubrted by <br />isdard law atohie dare of tbn Swunty Instrument. <br />If Leader earl con-thatoptsau. Lender shell give Borrower nonce of sc %ekration The notice "I promde a period <br />of not Les than 30dmsyshx m the date the Mace is delivered or mailed wshin w hich ttorro.er must <br />pay all sums secured by <br />tW Sicuritp fwaw lmi. If Borrower fails to pay these sums prior to the expiration of this period. Leader may invoke any <br />raasadte1 ' - I m td by this Secuhty lnurumaw eithawt funber nmkv sw demand on Bsxtoo.er <br />i <br />l Durawar Lei* M ltdmuia. If grorruwer meets certain csxudttwm% Borrower shall hate the right to have <br />anfoneensnt of thk Security Instrument discontinued at any tame prior to the earlier of too days for swth other perxod as <br />applicable law may spWy for remstatcnentI before sale of the Property pursuant to any power of sale conramed in this <br />Security lasuuoest; at (bl entry of a judgaamt enforcing thn Security Instrument 1 hive %uriditans are Bloat t3ornrwer <br />(a) pays Lander all soar which them would be due under this Smunt) Instrument and the "e had mo acceieratuxi <br />occurred; (b) curs say default of any other zmenants or y►eemmis. Is) pays all espenw% incurred in enforcing this <br />Sat:ertty Ineanmsem. meludorag, but not tutted to, rear w"k attorneys' fees. and id) takes such samm as Lender may <br />ti <br />natoasWy regain to assure tbat the lien of thn Secunt) Inururnent. Lender's rights in the Property and Dwrowet's <br />obYgatson to pay the sunat secured by the Security Instrument %M11 %continue unchanged t pin► ranuatemcnt bf <br />Borrower. toss Security Instrument and the ub4moo s secured hereby shall remain fully rfleRti►e as if no aueleratan had <br />amend however. do ryM w resestate %ball not apply an the use 41Me.ekratxon undet ptagraphs I ) .,t F? <br />J <br />