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<br />89- = 103358
<br />f , If Lender required mortjye insurance as a condition of making the loan secured by this Security Imminent,
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<br />Borrower shall pay the premiums, required to maintain the inaun ince in effect until such time as the requirement for the
<br />insurance terminates inaaardance with Dwowe is and Leader's written agreement or applicable law.
<br />g. ImrK11w Lender or its agent may make rtasoxtable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time ofor prior to an inspection specifying ressonablecausefor the inspection.
<br />9. Cmademeadaas. The proceeds of any award or claim for dismagm direct or conseyuaitialk in coatsection with
<br />say motion or other taking of any part of the Property. or for coaveyauoe in lieu of pion. are hereby
<br />1 assigned aalc)rtisall be paidto Leader.
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<br />I* th*vvAxst d'a tram! tadcitng of the i�aepetty�.. the proQettls ahaC! be allied tea Itltt �»; sa�urale by this Security
<br />;�. iharaeiaseat._ sl(lA�ltfilttr at tit. then date,; Wit* tansy . eaaesa paid to boo rower. Ind* event of a,pattid tatkh* of the Property,
<br />utaltais Dorrr►e+ 4i mid Leander otherwise agree in writin& the scams 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 taki". 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 oll1 rs to
<br />snake 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 option, either to restoration or repair of the Property or
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<br />to the sums secured by this Security Instrument. whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing. any applicati.'m of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />It. Ilortramr Nat Ralaw* Rarliewma flly ImWer Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successan in interest.
<br />Leader shall not be required to commence promit ings against any successor 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 atigimd Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
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<br />shall net be a waiver of or preclude the exercise of any right or remedy.
<br />It. Stseeessars sad Aaaigana Sam* Jour asid Several Liability; Coo pars. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the swcesson and assigns of Lender and Borrower. subject to the provisions
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<br />of paragraph 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 />tYit IfRlt[trMKf i ttlttTC7T M tI1C T ttgoe:f [pC iQitlf {7'L tlnti J"Q.'YTIi 1TIYtT-uMCi11' O >s nvT faiwtill [w [u
<br />.. t the sums secured by this Security instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />! modify, forbear or make any accommodations with regard to the terms of this Security instrument or the Note without
<br />s that Borrowrees consent.
<br />IL IAw Charles. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
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<br />: charges, and that law is finally interpreted so that the interest or other loan charges collected or to be ordkxted in
<br />1 connection with the loan exceed the permitted limits. then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit: and (b) any sums already collected from Borrower which eiceeded
<br />permitted limits will be refunded to Bormwetr. Lender may choose to make this refund by reducing -the principal owed
<br />under the Note or by making a disct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />' I& Legialetime AAaetitsg header's Rlgimts. If enactment or expiration aef applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lander. at its option,
<br />` may require immediate payment in full of all sums secured by this Security Instrument and maps i:atvoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in'the second paragraph of
<br />paragraph.1.7. „
<br />14., Nedees, Any notice to harrower provided for in this Security Instrw=cnt shall be given by defivering it or by
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<br />mailing it by first class mail unless applicable law requires taste of another method. The notice slrrtl . 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 class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />IS. Governing Law; Sevttrability. This Security Instrument shall be governed by federal 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 I"- rutnent 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. Borroweer's Colly. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Treader. of thoe Property cw a Beadkial lateenst is 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, 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 Secunty instrument.
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<br />If !.ender exercises this op6an, Lv*r! hil-1. give Borrower notice of acceleradm.T11;e not -ice gull ptovidt itOariod
<br />of" lees than 30dayi1ram the dztt the entice ivd divere d or mailed within which trust roger ll sui 1rdd b
<br />I " a . + w y!
<br />this Securit Instrument. If Borrowwer fails to
<br />y pay these sumsp�rrar to the expirnion of this j,2er'u ;�:.g.a�;�dGr czla� ir,.vt?ke ally,
<br />remedies Mnittd by this Security. Instrument without further notice or demand on Borrower.
<br />1t1. Borrewer's RW to Refaafate. If Brower meets certain conditions, Borrower shall have the righ7 to have
<br />enforcement of this Security instrument discontinued at any time prior to the earlier of: (a) S days (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sate contained in this
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<br />Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that litorrower:
<br />(a) pay's Lender all sums which then would he due under this Security Instrument and the Note had no accclerateon
<br />incurred, Its) cures any d.fault of any other covenants or agreements. (c) pays all expenses incurred to enforcwg tilts
<br />%- ,ur ;ty Inorua nt, inuluduig, t Ul irut ltrirtietl tee, rtiwwnablt: altuttteys fees: and (d) tapes such action as t ender may
<br />re&Vfrahly require err at%urc that the lien of this Security instrument, Lender's might,. to the Property and Korn�wcr's
<br />ohlrgatr.m it, teas the• aunts secured by this Srcur,ty limrument shall conunur. un,.hanse•d I pert, trrnstatrnicnt h%
<br />K irro -Aer. this 4WI.Utlt} It.- oturnew anti the nhhgatnms %mured hcteby shall remise, 1t�11� a ffc.t,%c a. It Ten;af_.ele•ratttui hail
<br />!Ka.utrrd ter,- Arkrr. tins fight t +t tr,r►st;rtr. shall curt apply its the case of rofaj•r,,lth� t ; m s'
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