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<br />89"" 103491
<br />If Lender required rftwtgW insurance as a ci►trtclition of making the loan secured by this Sfturity Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect untirsuch time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />B. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall jive Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Contkmnation. 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 />t+nless 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 />Wore 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 sward 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, ai its option, either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument. whether or riot then due.
<br />Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shall not extend or
<br />postpone the due darter z;;f the monthly payments referred to in paragraphs 1 and' or change the amount of such payments.
<br />IQ. Boaa°ower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by thi4 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 successors in interest.
<br />Lender shall not be required to cennmence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amorti=tion of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's{successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall nQt 'via, waiver of or preclude the exercise of any right or remedy.
<br />M Stteeessotrs and Assipts Boated; Joint and Sewmal Liability; Co- signers T he covenants and agreements of
<br />this Security instrument shall bind and benefit the successors and assigns of Lender acrd 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 neat execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrowers inieratin the Property under the terms of this Securitv Instrument: (Ii) is not nersonalltr oblittated to cav _:.. .
<br />the sums secured by this Security Instrument; and (c) agrcrs that Lender and any ether Borrower may agree to extend.
<br />modify. forbear or snake any accommodations with regard to the terms of this Security Instrument or the Note without
<br />I
<br />hat Piot.cvn a's cort=t. -
<br />M Loan Charges. If the loan secured by this Secunty Instrument is subject to alaw wlskh sets maximum loan•
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to h: collected in .
<br />connection with the loan exceed. the permitted limits. them. (a) any such loan charge shall be reduced by Ohs- amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected- from Borrower whictg exceeded
<br />permitted limits will be refunded'io Borrower. Lender may choose to make this refund by reducing the principal owed!'
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the rciduet on will be treated as a •
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration af'applicable laws has•t1,e, effect of
<br />rendenng any provision of the Note or this Security Instrument unenforceable accordirtg,to its terms. Lender ass its option,
<br />may require immediate payment in full of all sums secured by this Security insirutr alt and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option. Lender shall take the steps sp�xified in the second paragraph of
<br />paragraph 17.
<br />M Notices. Any notice to Borrower provided for in this Security instrumenf Fhall be given by delivering it or by
<br />mailing n by first class mail unli°s�j applicable law require; use of another method...ne notice shall be directed to the
<br />PropertyAE,'.drm or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first clxsstiiia3 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 />1'�. Governing Law; Sererability. This Security Instrument shall be governed by federal law and the law of the
<br />jpris4kr-iion in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />i"�ete'.t' nfticts with applicable laver, such conflict shall not affect other provisions of this Security instrument or the Note
<br />which can he 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 />1t. Borrower's Copy. Borrower shall he given one conformed copy of the Note and of this Security Instrument.
<br />17. Trsaafer of the Property or a Beneficial Interest in Borrower. If all or any pan of the Property orally
<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 wntten consent. Lender may. at its optiort. 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 Security Instrument.
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration The notice shall provide a period
<br />ol'diet; des, than 34dayy fi-on, the date the notice is delivered or mailed within which Borrower ;must pay all sums secured by
<br />this Security instrumem. If Borrower fails to pay these sums prior to the c Kpiratton of this pertt,d. Lender may invoke any
<br />remedies permitted by this Security instrument without further notice or demand on Borrower.
<br />19. Borrower's Right to Reinstate. If Borrower meets certain conditrnns. Rnirnwer %halt hasc the right to have
<br />enforcement of this Security Instrument discontinued at any time Brier to the earlier of (al S days (or such other period a.
<br />applicable law may spwify for reinstatement) before sale of the Property pursuant to any power of state contained in this
<br />Security Inorurttent. or IN entry cif a judgment enforcing this Security Instrument Thane ronditton% are that fiortzmer
<br />(a) paiy% Lender all sums which their wtiuld he duc under this Security Instrument and the time had no accelerannn
<br />incurred. (N1 cures any default of any other covenant,, or agreements. (c) pays all eepem.es incurred tit enforcing rhr%
<br />Sfturlty instrument. including, but not hmaed to. reAminahle:strnrnrt%* fro.. and trli tzks ;� m<<• {: oaten? t;. Icwivr mss•
<br />rcaumahly require t(s wv%urs that tin lien (if this Sa.unty inAriunicrii. ( cnGcr% ni;ht•.:n thr 1'r, ports and li••rro%&er :1
<br />oblig,itr,n ti• t•et th.. swtis s ::..arcs) by Oil% 4ecur,ty lnor-.inwnt .hail emviriw- un.h:uire.t ['t.• *: rrm%iatcmrnt ha
<br />lirat•.arr st.ial? ^;,tit+ty Instruni^nt acd the hr -eh+, Oall rrntai•, f-,X-. r•tfc. ^;•. ,� i' t,�cicr. +t on h.t,t
<br />,...:.rr. 3 1f• tltr, rsrtst t•i rc•a t qtr ,h tai rr,•t allph, tit tt;! . w-0 i•., r: .: ^r,• , r,nd r r.zrar,r.tt M:• : !"
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