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1 <br />90-- 10535 <br />If Lender required mortgage insurance as a conditiom of making the loan second by this Security Inaruatent, <br />Borrower shall pay the premium required to maintain the insurance in e0ect until such time as the requirement for On <br />itrtorattoe tstttrNtttI - inatumdartae whit Borrower's and I a de's wrinen agra ment of applicable law. <br />IL hniftAk, • Uedit' or its agent may make ressonable entries upon and inspections of the Property. llsnder <br />shag �n ctatidt*Me tkoeofor prior loan inspeetian specifying tessonable caunfor the htspecdon. <br />r- � !. OadomMHet. Ilte'Swweds of any award or claim for damages, direct or consequential. in conmetion with <br />any condemnation or other talons 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 talking of the Property. the proceeds shall be applied to the sums secured by this Security <br />iutrument, wb etbsr or mot alias duo, with any excess paid to Borrower. in the event of a partial taking of the Property. <br />wdass Bonmew sad blinder odienrise agree in writing, the suss secured by this Security Instrument shop be reduod by <br />this o nonmt of the j ■mkiplied by the following ftetiot: (a) the toW amount of the sums secured immedial* <br />before the ttaitisng. divided by (b) the fair tturicet valise of tie Property immediately before the taking. Any balance stall be <br />paid to Bortawsir <br />If the Property is dimedow d by Borrower, or if, after notice by Lender to Borrower that the eotdernoor Oars to <br />vadw sa award araettle a claim for damages. Borrower fails to respond to Leader within 30 days after the date the notice is <br />$hm I.estder is aathafted tocollm std apply the proceeds, at its oar. ion, other to restoration or repair of the Property or <br />i taftsu is L�by this Security aaurument. whetber or not then due. <br />1 tlala = and Borrower otherwise agree is "dog. nay application of proceeds to principal shall not extend or <br />tie pow tube titter date of the ekmtbly payments referred no in paragraphs 1 and 2 or change the amount of such payments. <br />t td. !grouter Net )UrY"W* Felliu nee By Lad r No a Waiver. Extension of the time for peyaiait or <br />moddIation of 4morthatlo'M of the sum secured by this Set;mritt: Instrument granted by lender to any successor in <br />ittttettsst of Borrower shall two gwmte to release the liability of the original Borrower or Borrower's suaceawyrs in interest. <br />Lender shall no be roquirsoW to common procaftga sgainst any successor in interest or refuse to extend time for <br />payment or cdwrwiw modill antoriiration of the sums securad by this Security Instrument 4 reason of aunt' demand made <br />by fire otifgimd Borrower or Borrowe's successors in interest. Any forbearance by Lender in c ncisiq any night or remedy <br />sling adbeawaiw oforprecludetheexcidseofany riot or remedy. <br />11, tteeeee! "!4 Ate mmm .1Nat and Saaesl Ijabilier C - elglan. The covenants and agreetesem of <br />We Security Intsumteat sW `bind and bmdit fire successors and assigns of Lender and Borrower. subjeryt ma the provisions <br />of paragraph 17. Borrower's oovenants and apeements dW I be joint and several. Any Borrower who o"gas this Security <br />+ Inannew but does not execute the Note: (a) is oo- signing this Swurty Instrument ady tot• mortgage, grams oral convey <br />that Bommees interest in the Property under the terms of this Ssisv my instrumm. (bls ass as) personally obligated to pay <br />�'. alga sums secured by this Sw;uAty Ir strum :nt; and (c) agrees that Lender sad any other Borrower may agree to extend, <br />;rtscet *, (arbor or mAt any.eoorntaodatitotia with regard to the terms of this Security Instrument or the Note without <br />. that Ilotrtower'a consent. <br />i; M IA*%C'YasM 111'die {can secured by this Security instrument is subject too law which sets maximum loan <br />chargat, and that paw ifs Gaily interpreted so that the interest or other loan charges collected or to be collected in <br />connection witiln owe l as mxw d the permitted limits, then: (a) any surh loan charge shall be reduced by the amount <br />macosary to redpw the c'wnvtle to the permitted limit; and (b) any sums already collated from Borrower which exceeded <br />' pwitsio d Bast *0 be m jLnded to Borrower. Lender may i:iityo:ts to make this refund by reducing the principal owed <br />undar the Note hoer ley making a direct payment to Borrower. Ifs refund reduces principal. the reduction will be treated as a <br />pstr" pr+epayisratt without any prepsyntent charge under the Note. <br />19, LJtBI I ill Ataetlstg KaWlerle ice• If enactment or expiration of applicable laws has the elfcct of <br />geadering my provision d the Now or this Security lwttrument unenforceable according to its terms. Lender, at its option, <br />wale rapdre immediate ipayeacat in full of all suns secured by this Security Instr;::rrnt and may invoke any remedies <br />by parWq b 19. If Lender exercises this option, Leader shall take the steps specified to the second paragraph of <br />paragraph I?. <br />' 14. 'NgfiO& Any notice to Bomma provided for in this Security Instrument shall be given by delivering it or by <br />mailiq ht by first cues =9 aimless applicable low requires use of another method. The notice shall be directed to the <br />Pfopenty Addretls or any other address Borrower desijnates by notice to Lender. Any notice to Lender +hall be given by <br />l fttsi class mail to Lamder's address stated herein or any other address Lender designates by notice to Borrower Any nary <br />tar is tbb Security Instrument shall be deemed to have been even to Borrower or !.ender when given as provided <br />'' i , tbts�arsigrapit. <br />IL f ereWS 4wi Se erehift. This Smunity instrument shall be governed by federal law and the law of %be <br />jtiinWiction in which the Property is located. In the event that any provision sir clause of this Security Instrument or the <br />Now totilicts with apphcabk law, amb eonW shall not affect other provistois% of this Security Instrument or the Pile <br />whieb cart be given e9=1 without the condictitg provision. to this end the provisions of this Security itutrumew snit! ehe <br />Note are dukired to be severable. <br />14. !crams % Copy. Borrower dull be given one cronfiormed copy of the Note and of this Smumy Instrument. <br />17. Tomohr of than Property ar a BaealleW latterast is Borrewar, if all or any part of tine Property or any <br />warest in it is sold or transferred (or if a beneficial interest in Borrower is sold tor transferred and Borroow is not a natural <br />swami without Iassdor's orior written consent. Lender mn . v -, its optima, require !mart We payment in full of all sums <br />6mrsd by this Site , y Instrument. However, this aptton shall not be exercised by LoWi f if exercise is pro&AWW by <br />federal law w of the date of Fhb security lttstrui iett. <br />If Deader exert this option, Lewin shag give Borrower note of &L oleratkm The notasx shall provide a prW <br />o(not lass than 30days from the date the notice is delivered or trailed within which Borrower must pay all sums sasirod by <br />Fhb Security instnimant. U Borrower fails to pay iliac sums prior to the expiration of this period, Leader may invok any <br />rowdies permitted by fhb Security Intr umerit without further notice or demand cm Borrower. <br />111. sarranar NO is ReiasWL If Borrower ower meets ceniun conditunns, Borrower +hall have the nght to have <br />e 6wo memt of" Security Instrument discontinued at any time prior to the earlier of (a) S days (or such other period u <br />applicable law may spti Art' for runuatemett) before sale of the Property pursuant to any power of sale contained in this <br />L Security lasuittaeut; or (b) entry of a judgtttent enforcing this Security Instrument Those conditions are that Borrower: <br />(a) pays Lender all suns which them would be due under this Security Instrument and the Note had no ecoeletaturt <br />occurred; (b) cures any ddault of any other covenants or agreements, (c) pays all expenses tncuritid in enforcing this <br />Security lasirument. uidudus& but not limited to, resso ible attorneys' fees, and (d) takes such action as Lender may <br />ramonsbly require to aswre that the lane of this Seeunty Instrument. Lender's rights in the Property and Borrower i <br />obligation to pay the sums secured by this Saunty Instrument shall continue unchanged Upon reinstatement by <br />Borrower. this Security Instrument and the ublisatauns socuted hereby shall remain sully esfeane as it no &"Acratwri had <br />owwTed. However, this eight to rensiste shall not apply in the case of acceleration under paragraphs 13 or 17 <br />7 <br />-i <br />