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<br />_ 90- 10556':
<br />1 If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect 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 />V. Inspection. 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 t he inspection.
<br />9, Condemnation. The proceeds of any award or claim for damages, director consequential, in connection with
<br />any condemnation or other tacking 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 he 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 />unless Borrower and Lender otherwise agree in writing. the sums secured by this Security Instrument shall be reduced by
<br />the amouni 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 />i If the Property is abandoned by Borrower, or if, after ir.,orce 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 .10 days after nice slate the notice is
<br />l given, Lender is authorized to collect and apply the p r.iceeds, at its option, either to restoration or repair •.wt'ihe Properly or
<br />' to the sums secured by this Security instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, .any application of proceed% to principal shall not e:tt ,-nd or
<br />postpone the dine date of the monthly payments referred to in paragraphs I and 2 or change the amount of such pa),wents.
<br />10. Borrower Not Released; l:orbaraace By Leader Not a Wdher. Extension of the tune for payment or
<br />modification of amortizrauirin 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 Burrower or Borrower's succeswrs in interest.
<br />Lender shall not be required to commence proceedings againtit any stuccosor 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 original borrower or borrower's successors in interest. A ny fortiearance by tender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any tight or remedy.
<br />+ 11. Successors and Andans Bound; Joint and Several Liability; Cosigners. The co%orlants and agreements of
<br />this Securit y d•natrument shall hind and beneAt the successors and assigns. of Lender and Borrower, subject to the prin%isions
<br />i of paragraph 17. Borrower's covenants and agreements shall be joio:t and several. Any Borrewer whin 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
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<br />that Borrower's interest in the Property under the terms of this Security Instrument; (h) is not pen omill.s. obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
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<br />modify, forbear or make any accommodations with regard to the term% of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Losa Charges. If the loin secured by this Secunty Instrument is subject 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 he collected in
<br />connection with the loan Kxeced the permitted limits, then, (a) an) such loan charge shall he reduced by the amount
<br />necessary o reduce the charge to the
<br />ry g permitted omit and (h►any.ums already collected from Borniwer which exceeded
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<br />permitted limns will he refunded to Wrrower. lender may choose to make this refund by reducing the pnneip:a:' nwed
<br />under the Nw-v or by making a direct payment UO hormwer. If a refund reduces principal, the reduction will be treaged as a
<br />patenil prepayment without any prepayment charge under the Note
<br />+ 13. LeaWation ARectina Leader's Rights. If enactment or expiration of applicable fom has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according tr it% terms. I ender, at its option,
<br />may require immediate payment in full of all sums secured by this Securit) In%trumetit and may invoke any remedies
<br />permitted by paragraph 19. U Lender exmrctses this option, Lender -shall take the steps %pitweded in the second paragraph of
<br />paragraph 17.
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<br />14. Notices. Any notice to Borrower pre,., Jed for tit thi% Sec unty Io %trunient shall he givev by delivering it or by
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<br />mailing it by first class mail unless applicable law requires use of another method Me notice %huts m directed to the
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<br />Property A41diress or any other address Borrower designate~ by notice hi Lender Any notice to Lender shall he given hi,
<br />firtit class mart na Lender's address stated herein or any other address lender designate% h� lit #lice h1 Borrower Any tie•. %ace
<br />provided for in this Secunty Instrument shall he deemed to have been giv en to Borrower or 1 ender when given a% provider0
<br />tier ithis paragraph
<br />13. Governing Lwar. lSeverability. 1•lii. Security Instrument %hall ht- gt•%erned by federal %'aw And the law of the
<br />jurisdiction in which the Property I- ,1AK:ated. In the event that any provision or clause u1l ,:hi% Security Instrument or the
<br />Note conflicts with applicable law, %►ut:'r onflict shall not affect other pro, iswn%of thir% :+.,:urns Instrument nr the Nate
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<br />which can he given effect without the conflicting prevision I i his end the provision%of this Securit% Instrument and the
<br />Note are declared to be severable.
<br />16. Bormwer's Copy. Borrower %hall he given one conGn riled :op) ,•I the Note Arid tit rho. *,v :ant) Instrument
<br />ii. 1tUNUgr tri i:e VWUPWiY or a ihmficisi interest in Fmrrower, if uii "t .amp ,part ni the Propert..•r Arid
<br />interest in it r%%old or transferred for ita beneficial interesi 111 Borrower is s,ili or Ir1n%ferred ..red IMtrr,i%er, I% tint it natural
<br />person) sittnwt Lender'♦ pnor wrtuen eoriwnr. I.ender mss, At it% opt toMi. require unmcdirte iij acv •rot 111 full of ,all %ant%
<br />.enured by this Secunty Instrument Nrrs%e%er, chi% option shall not he exec, iced by Lender if c%erow is prohibited by
<br />federal Las a %of ibe date %,Y tbw Security Instrumcnt
<br />If Leader exercises this twpiton, 1. ender %hall gr%e tMrrrower nutter of acrelerdtItti 1 he nori%c shall pro%ide i (ieno d
<br />of not less Atari 30days from IhedAte the notice i%Jch%ered of mailed within which hortower must pas all suns %secured M
<br />this, Secunt) Instrument. 1f&-mower fads to p i) these sums pour tit/ the c%liiuti.m .•f chi, lirnud, I ruder nij% ui%.i1,e An%
<br />remedies, permitted by this Security In%ttumenl without further notwetit demand un Witt ►er
<br />18. Borrower's Rlgbi to Reinstate. If lkirrowcr meets %•ertaui condititm%, Borrower %hall haw the right it, hA%c
<br />enforcement of thi% St -unty Instrument dIW%Intniued at any hmc part to• the canccr ,11 ta► x dd)s tot %uch othcl rieruel A%
<br />appltcahklaw may specify for lrin%taumemrhelorewle.•l' the I'ropeti% h•an) p ,iwet .it %w et.ntaacd .11 1111%
<br />upurwant
<br />Se ury In%arumcnt, or lhl entry nil o judgment eulorcmg this %wwIll> lsltunicat Iho%e %,mdl11rn% ary that Il,tit•wcr
<br />cal pays (.ender all %um% which then would he due under lht. ktiunt% In.trulncnt And tilt Now had n„ .1,.clrtdu •r,
<br />tsI.utred. 1h1 %arc% Am delault .11 :any other wirnant% tit Agivcmcnt %. 1.1 pA)% All ,%Bill %, % 11,,11••,1 ,,, t.• .ni, this
<br />�utily Instrument. n10toding, but nol Intnlyd tin• rrasemahlr allivtocy% Iccs and ,,ll takes sit, it A, tn•ri .1, ( milt r Ina%
<br />rea%+trahl) require tit A% %ore that the belt A this Sc%unl% In%irunlenl 1 cadet % right% ut the 1'•.•1.. n% .,l,l It •t c.•io,r %
<br />obhgatl.tl to pA% the %uni% %atiurcd h) tht% SC%utts 11►attutr1c111 %lull ,,,11111111( un, IA11)1%.l 1 1-11 ,e,n %t.,t, nicer hi.
<br />IMorrtmet,1111 %letutll) 111%t1Uttlellt And thel•hbgatt,V1 %%rtU /(.Iht'Ith1 %11811 irrneln hill% •Hr;tt%t .t. t 11- .1,••,rt.111 -- 6•,,r
<br />. %: urred liowe%er. this right I.• Iror%tale %hall not dpph of thr,.A%t . 4.1„ cot fAl!"11 .,r,,l• r I..,I,,1,,t1.1,• i
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