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1 89--m 103535 If =ftd mortgage insurance as a condition of makin)t the loan secured by this Security Instrument, Burrower premiums required to maintain the insurance in effect until such time as the requirement for the insurance 1"Wates is Accordance with Borrower's and Lender's written agreement or applicable law. I. InWeduL Lender or its agent may make reasomable entries upon and inspections of the Property, leader shall give Borrotnar notice at the time ofor prior to an inspection specifying reasonable cause for the inspection. _ V. C MMORNiaa. The proceeds of any award or claim for damages, director consequential, in connection with y condemnation or other taking of any put of the Property, or for conveyance in lieu of condemnation, are hereby assigned and shad be paid to Lender. In the event of a total taking of the property. the proceeds shall be applied to the sums secured by this Security instrumeaL wbetber or not tbem dm with any excess paid to Borrower. In the event of a partial taking of the property. unksa Borrower and Leander otherwise agree in writing, the sums; secured by this Security Instru nil n shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the vents secured imanediately before the takin& divided by (b) the fair market value of the property immediately Wore the takitnj. Any btsl ince shall be Fwd to Borrower. If the Property is abandoned by Borrower. of if, after notice by Lender to DOM-Met that the conderrince offers to make an award or settle a claim for damages, Borrower fails to resptund to Leander witbim 3Q days a(terthe date the notice is given. Leader is authorized to collect and apply the proceeds, at its option. either to regoiatjon or i t*r of the Property to the sums secured by this Security instrument, whether or not then due. or Unkss Lender and Borrower otherwise agree in writing, any application of proceeds to Pfinc pal,dull not extend or Postpone the due date of the monthly payments referred to in paragraphs I and 2 or chats the amount of such payments, 10. Baasewst Net itelwad; Forbearance By header Not a Waiver. Extcm cm of the time for modilloation of amortization of the sums secured by this Security instrument granted by Lender to any payment u w in r interest of Borrower shall not operate to release the liability of the original Borrower or Hdrrbweee$ successors in interest. Lender shall not be required to comrnenci: proceedings against any successor in intexest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrumet2 Loy reason of any demand made by the original Borrower or Borrowers successors in interest. Any forbearance by Lenderin exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. IL C 10 ft and AadW Bonn* Joint MW Severd 11"ty; Co-sigaetn. The covenants and agreements of this Security Instrument Shull bind and benefit the successors and assigns of Lender and Borrower. subject to the provisions of paragraph 17. Borrowers covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but don not execute the Note: (a) is co-siigiting this Security Instrument only to mortgage; grant and convey that Borrower's interest in the Property under the tem%; a chic 4nLeit. t ^: t: ,�:n'; wj i9 iwi persatahly 000gatea to pay the steam secured b!' this Security Instrument: and (c) agrees that tender and any other Borrower may agree to extend. modify. forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrowers coasam. 11 LAM hem— rf tl'^ !hian m.: ed Ly Miss Security instrument is subject to a law which sets maximum ban charges. and that law is annoy interpreted so that the interest or other loan charges collected or to be collected in catnectiorn with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; antes (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a Partial rquyment without any prepayment charge under the Note. ' LaSklathe Affecting ting l.vader'a Rights. If enactment or expiration of applicable laws has the effect of .rendering any provision of the Note or this Security instrument unenforceable according to its terms, Gender. at its option. may, require immediate payment in full of all sums secured by this Security Instrument, and may invoke any remedies omitted by paragraph 19. if Lender exercises this option. Lender shall take the sr mph of paragraph 17. cps 3Arxi &ed ill. t3ttt second pare 14. Notices. Any notice to Borrower provided for in this Security Instrument #.total' be -given by delivering it or by lonaiiing it by first class mail unless applicable law requires use of another method. IWi notice shall be directed to the tioperty Address or any other address Borrower designates by notice to Lender. Any'rie)ice t© Linden shall be given by !list class mail to Lender's address stated herein or any other address Lender designates hYpotice to Borrower. Any notice provided'fot in this Security Instrument shall be deemed to have been given to Borrower m ender when given as provided in this puloWli. 13. Gi*eraiag Law; Severabulty. This Security instrument shall be governed by federal lat;'i red the law of the jurisdiction in which the Property is located. In the event that any Provision cr clause of this Secuii ' .h�striiment or the Note conflicts with applicable law, such conflict shall not acre" alter provisions of this Security lai moment m m r the which rest cl frees t obese without the conflicting provision. To this end the provisions of this Security instrument ant! the . i Note are declared to be severable. y 16, Borr'ower's COR. Borrower shall be given ere conformed copy of the Note and of this Security Instrument. 17. Truer of ilk property or a Beaefleial laterest is Borrower, if all or an interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred amid Borrower is not V natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment to full 01 I sums secured by this Security Instrument. However, this option shall not be ex by Lender if exercise is prohibited by federal law as of thedateof this Security Instrument. If lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of nos less than 30days from the date the notice is delivereat nr magedr wghta w ich 3arrower must pay all sums secured by :lit .°�ci unity imtarment. if Borrower farts to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 10• B*relm's Rlgk to Reinstate. if Borrower meets certain conditions. Borrower shall have the nght to have enforcement of this Security Instrument discontirrued at any time prior to the earlier of. (a) S days (or such other period as applicable law may specify for reinstatement) before sale of the Property Pursuant to an Security Instrument, or (b) entry of a judgment enforcing this Security instrument Thy conditionslare that Borrowers (a) pays Lender all sums which then would be due under this Security Instrument and the tiote had no acceleration occurred, (b) cures any default of any other covenants or agreements. (e) pays all expenses incurred in enforcing this Security Instrument. includme7 hilt net lim"d tc,, rr +sensate ittcirneys' fees, and ed► takes such action as Lender may reasonably require to usure that the lien of this Security Instrument. Lender's rights in the Property and &,rrowees obhrgatKm to pay the sums secured by this Security instrument shall continue unchanged Upon rems- tattrrcm by Harrower, this Security instrument and the i hli6rtiuns seturtd hereby shall remain fuliy effecti.e a. it n., a.cet.-rajv— h,id occurred "O-fl er, this nght to reinitate 0a11 not apply in the. ase ofacarerat:.Ia sutler paragraph. s ,,, t' r "` -1 T: