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L 89-- 103305 If Iatadttr required mortgage insurance as a condition of making the loan secured by this Security Instrument, Borrower doll pay the premunts required to maintain the inwrsnce its effect until such time ss the re0fettrsnt for the insurance terminates in aceordam with Borrtuwer's and Lender's writwoagromaent or applicable taw. L IrspaNiata. LatWw or its agrees& may make nmeo sable entries upon and iaspectiom of the Property. Lender shalt hive Borrower trotimat the time of or prior tom isapwtioo specifying t+saaonabk cause for the inspection. !. C mimmed n. 7b* proceeds of any award or claim for dameam dinict or consequential. in connection with any condenteatian or other Wdag of any part of the Properly. or for conveyance in lieu of condemnation, arc hereby assyaed sad shallbe paid to Leander. In tot event of a total taking of the Properly, the proceeds shall be applied to the sums wand by this Security taattwsertt. whtttber or trot than due, with any exe m paid to Borrower In the event of a parlial taking of the Property. uWW a Borrower and Leader otherwise agree in writing. the suer sectured by this Security last rueasbt shall be reduced by the asioust of the prooekle multiplied by the following fraction: (a) the total amount of the auras stawrsa inseredktely before the tskia& divided by (b) the fair market value of the Properly immediately before the taking. Any balance shall be paid to ft .ow" if the Property is abandoned by Borm a, or if. after notice by Leander to Borrower that the condemnor offers to make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given. Leader is sedmi oed tocallect add apply the proceeds. at its option, either to restoration or repair of the Property or to the sums secured by this Security Instrument. whether or not then due. Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shall not extend or postpone the due date of the monthly payments relerced to in paragraphs i and 2 or change the unount of such payments. 10 On ewer Net Rd im* Parbaarastoe Ry Lssdw Nets Washer. Extension of the time for payment or modification of aatortuation of the arenas secured by this Security Instrument panted by Lender to any successor in interest of Bonown shall not operate to relent the liability of the ori=inal Borrower or Borrower's successors in interest. Leader shall not be required to eminence proceedings against any successor in interest or refuse to extend dwe for payment or otherwise modify amortisation of the sum secured by this Security Instrument by reason of arty &-mind made by the original Bomwaor Borrower's strcossors in interest. Any forbearanceby Leader in exercising awn$ d#At or remedy shall not be awraiva ofor preclude the e>tttsedse ofaay.rotor remedy. It. Siaeessaars ash Astek a Bum* Mot and Sevad EA*hiMW Q-afpers. The covenants and agret:at "ts of this Security IMsgianeat shall bind and btwO the waxessio s aselas+aiomof Lender and Borrower. subject to the provisions ofpwgpapb 17. Borrower's covenants and aireem aid shall be joint and tevatt]. Any Borrower who cowsigns this Security Instrument but dos not exacate tot: Note. (a) is bo►eigaiug this Setiarity instrument only to mortgage. grant and convey that Bonrower's interest in the Property under the terms of this Seicurity Instrument; (b) is not personally obligated to pay .I.- 2M s,�� aw�WiY V7 s�i vwwrs.V r.•w,w.. O; Mw ��twf.... • --� —r-- modify, forbear or make any aoeoamodatiexr with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 1L Leas Chem_ s. if the loan sectored by this Security Instrument is subjen to a law which sets maximum loan charges. and that law is ftoy isterpretad so that the interest or otb" ban charges collected or to be collected in connection with the loan exceed the permitted limits, then: (orb any such loan charge shall be reduced by the amount necessary to reduce the charge to the pmwtted liatit; and (b) any runts already collected from Borrower which exceeded permitted limits will be n fumlled to Ow i owe. Leader may choose to make this refund by reducing the principal owed vender the Note or by rmakrnga direct payment to Borrower. If a refund redo principal. the reduction will be treated as a pwrtial prepayment withatnr.asyprepayment charge uader the Note. I& Laghdadse,AOmMig Lassdsrts R oft If aactment or expiration of applicable laws has the effect of rendering any provision of toe Notetiur-tdtb Security Instrument unenforceable accordingtaits terms. Lender. at its option, may require immediate paym►e+rtt in fall of all suss secured by Adis Secamy Imtrumen acid may invoke any remedies pe 'tted by paragraph 1� If Lender exercises this option. L murshalt take thesteps specified in the second paragraph of paragraph 17. 114. Natki s. Any notice to R mower provided for ins tbos Security instrument shall be given by delivering, it or by mailintg it by AM class mail unless applicable law requires use of another method. The notice shall be ducted to the Property Address or any other address Bonmwee designates by notice to Lender. Any notice to Lendttr shall be given by first cim snail to Lender's address, stated bereia or say other address Lender designates by notice to l &Tower. Any notice provided for in this Security instrument sir 91 be Manned to have been given to Borrower or lender whets given as provided is this paragraph. aiag Law• Se+oraifiifdy. This Security Instrument shall be govemed by federal law and the liw of the jurisdiction is which the Property is located. In the event that any provision or clause of this Security Instrument or the Note coagicts with applicable law, such conflict shall trot after: other provisions of this Security Instrument or the Note whine can be gives eBeat wrt!lout the conflieft provost. To this end the:.prcwisions, of this Secrrty. Instrument and the Note are declared robe severable. IC Borrower's Cagy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Tramidw of the Property err a 1la SM Iswm in Borrower, if all or any pan of the Properly or any interest in it is sold or transferred (or if a benelcial interest in Borrower is soli or transferred and &grower is not a natural pe,iso n) without leader's prior written consent. Lender may, at its option. require immediate paynw it in full of all sums secured by this Security instrument. However. this option dialI not be exercised by Lender if exercise is prohibited by kderal law as of the date of this Security Instrument. If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period of sex kaa than 30 days from the date the notice is delivered or nailed within which Borrower must pay all sums secured by this Secunty hnwtntmeat. It Boeruwwer fails to tray these swrts prior to the expiration of this period. Lender, may invoke any rernoQin permitted by this Security instrument without further notice or demand on Borrower. 18, llsrr+wers Right a Reiasrsa. if borrower meets certain continintis. Borrower shall have the right to have enfomvrnent of this Se cunty Ir umment discmunited ai any time pnor to the earlier of: (a) S days (or such other penod as applicable law may specify for roarditafement) before sale of the Property pursuant to any power of sale contained in this Security instrumet. or (b) entry of a judgment enforcing this Security Instrument Those conditions are that &wtonwer. (a) pays mender all sums which then would be due under this Security Instrument and the Nate had no acceleration ci curre!d. (b) cures any default of any other covenants or agreements; (c) pays all expense,. incurred in enforcing this Security insitunkiit, rndwleng. but rout limited to. to miable attorrteys' fees. and (d) takes such action as i.rnder may rears nably rtvtuire to assure that the lien of this Security instrument. Lender's rights in the Pit4 etiy nrid M)Ffblii cf's otiiip mm to pay the sums wcured by this Secumy instrument %lull continue unchanged titxui reemiatement by Itoirro vier. tht% Sftruiity Instrument and the Migamms secured hereby shall remain fully effective as if no acc•elcrattun had aNc.urred Nnwit %er. this tng•.hitoreot►srste% hall" apply tothecaseofeackration under paragraphs 13or11 Ma+ i