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<br />89. 103377
<br />If Lender t'et}airotl mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />r, Borrower shall pay the premiums required to maintain the insurance in efftct until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />8. laspaetloa, Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Coadetaiiianda. 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 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 sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unkss Borrower and Lender otherwise agree in writing, the sums 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 taking, 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 offers to
<br />make 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
<br />to the sums secured by this Security Instrument, whether or gait. then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of procce6 to principal shall not extend or tt`
<br />postpone the dries date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />' 10. Aoerower Not Itekawil;- Forbears a By Leader Not a Walvee. Extension of the timtc for payment or
<br />modification of amortization of the sums secured by this Security instrumaita granted by Lender to any succemr in
<br />interest, of Botmirwer shall not operate to relmse the liability of the original Borrower or Borrower's stacrcessors in interest.
<br />Lender shall r)oi be required to commence proceedings against any successor in interest or refuse to extend time for
<br />` payment or otherwise modify amortization of the sums secured by this S evutity Instrument by reason of any demand made
<br />by the original Borrower or Borrower's sucrossms in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the to creist of arty right or remedy. s _
<br />11. Staeee soea wail Assips Rotated; Joint sad Several Liability; Co4ipers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<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 />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sum secured by -this wearily instrument; and t 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 />that Borrower's consent.
<br />12. lAwm Ci sirges. If the loan secured by this Security Instrument is subiect to a law which sets maximum loan
<br />charges. and that law is finally 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 />necessary 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 choose to make this refund by reducing the principal owed
<br />tinder the Note or by making a direct payment to Borrower. if a refund reduces principal, the reduction will be treated as a
<br />partial pirepayment without any prepayment charge under the Note.
<br />' 13. Lesisletke Affeetiag Leader's Rights. If enactment or expiration of applicable laws has the of %rt of
<br />rendering any provision of the Note or this Security instrument unenforceable according to its term, Lender, at its option.
<br />' may require immediate payment in full of all sums secured by this Security Instrument and may invoke 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 17. --
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by-first class mail unless applicable law requires use of another method. The notice shall be directed to thb 'a
<br />Propi .y.�tdiiMs. or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given -by
<br />first 'mail to Lender's.address stated herein or any other address Lender designates by notice to Harrower. Any notice :
<br />provided for in this Security. Instrument shall be deemed to have been given tat Borrower or Lender when given as provided
<br />to this paragraph.
<br />15. Coveraiag Law; SeverabffYty. This Security Instrument shall be governed by federal law and tho law of the
<br />jurisdiction in which the Property is Waited. 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 Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of ibis S i urity Instrument and the
<br />Note are declared to be severable.
<br />ti. 8atrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Treaskr of the Property orr a Beaeficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or ira beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent. Lemder may, at its option. require immediate payment,in full of all sums
<br />secured by this Security Imtrument..However, thin option shall not be exercised by Lender if excircise is prohibited by
<br />federal law asof the date6f this Sei ;tirixyInstrument.
<br />If Lender exercises this opkibm Lender shall give Borrower notice of acceleration, The notice shall provide •ra fieriod
<br />of not less than 39 days from the date the notice is delivered or mailed within which Bdrei*cr must pky all sums secVied by t
<br />this Security instrument. If Borrower fails to pay these sums prior to the expiration of this pert-M. U%jiier may invoke any ,
<br />Ecnmdns permitted by this Sm-urity instrument without further noitceor demand on Borrower.
<br />Is. norower's RW to Reinstate. If Borrower meets certain condnirin.a. Borrower shall have the right to have
<br />enforccmrat c4this Security Instrument diwotilinued at any time prior to the earlum cif- (a) S days for such other period as
<br />applicable law may specify for reinstatement) before sate of the Property pure irat tb any power of sale contained in this
<br />Sec.unty Instrument: tm (h) enir) of a judgment enforcing the; Security in;tnurani Those conditions are that EkirrvAcr.
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<br />(a) pa}s ender all sums which then; would be due under thr; Security Instrument and the Note had no acceleration
<br />ckcurred, (b) cures any d&itilt of any usher cttsenants or agteernrntg: v: t pays all rspensc5 incurred to enforcing this
<br />Sectinty Instrument. including, but not bm!ted to, rea%onab!c aten:nt-.c feez,, and id) takes ,uch action a% t endvr [slay
<br />reas+rnah :y require t:• amwrc that !hc lien ni IN% Security In;tru:nrnt, f cfi t•''s right; in the 11rorwr1% and liorr„wcr'-6
<br />oblrgotrel t:) Va.. O'.0 volt:" by th!%'+county lraetturmInt %ht .P t.rrtinuc unrhatir"d t p.•n rt-tn"t here,; ttf h;
<br />i3+ rs.,wer, th., Sc4urit} %n rt•-nsut full; rfl'n +i;e .;, •(n. .;.crlcrstt. : i,.:d
<br />titCf. °ta tl -,4C4r•r fht %vwa',t I -, rr,,•,!;Sfe 013'i tr: rtlt 1'Fr. 1 :7.:i ;'•w— I l,•idl,r ro..ww.l `h, ; I
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