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<br />89-- 103669
<br />If LaW r!glt�l insurance as a condition of making the loan secured bW this Security Instrument,
<br />Horrower sha6,90tW prataiums required to maintain the insurance in ett'ect until such time as the requirement for thtt
<br />insurt eatRtrtiraltnimaccae+danct with Borrower's and Lender's written agreement or applicable law.
<br />S. ilmli etlstt.' Lender or its agent may make reasonable entries upon and inspections of the Property. Gender
<br />shall give Borrower notice at the time of or prier to an inspection specifying reasonable cause for the inspection.
<br />g. Coadeataation. The proceeds of any award or claim for damages, director consequential, in connection: with.
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hareity
<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 />unless Borrower and Lender otherwise agree in writin& . 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 it, 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 andapply 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 not truer roue.
<br />Unless Leader and Harrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred. to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Sweeirm Not Reksw* Forbe ism By Under Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sui»,s 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 Borrower or Borrower's successors in interest.
<br />Lender shall not 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 Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any fortmrancrr.by Lender in exercising any right or remedy
<br />shall not be a %si+,ncr of or preclude the exercise of any right or remedy,
<br />11. Sttiree+itssars and Assigns Boa* Joint sad Several LUkiGty; Co- sipters. The covenants and argreem mu-*f
<br />this Security instrument shall bind and bbiOt the s.t casors and assigns of Lender and Borrower. subject. to O*,pimisions
<br />otpsatagraph 17. Borrower's covenants and mewls, shall be joint and several. Any Borrower who co-s ps this Security
<br />tnsUucm ent but does not execute the Now, (;d ti ve- ipiing this Security Instrument only to mortgage, grant and convey
<br />that borrower's interest in the Property. andh r, the terms of this Security instrument. (b) is not personally obligated to pay
<br />tuc hires see ux— d by uio . ace my an itiii�iictii; lure (c) a�rcc3 Alai Lc iucr aiw aui sues M-7- I - :uwy iasec IV VAivalu
<br />modify. forbear or make any accommodations with regard to the terms of this Security instrument or the Note without
<br />that Borrowees consent.
<br />117 Lem Cka aa. f th-c f. C it 11.,. .. t_ a.i_s i a.._..
<br />_._._Q,...., I- 1�. ;x.'z' -,'-� t'j lac ?S .a.;.;si~ssy .:,:i::itlt,itt is Siil'r,� s.a iii S aa:s isi:ia. :: �i5 �sFsA.:Zita'aa sa.aas
<br />charges, and that law is finally interptoW so that the interest or other loan charges collected or to be collected in
<br />connci:�n with. the loan exceed the peirtnitteed limits. then: (a) any such loan charge shall be reduced by the attnount
<br />nemiary ta.mi m the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />prtrritit/ed Iii. will be refunded to Verrower. Lender may choose to make this refund by reducing the principal owed
<br />uir �h i�Om or by making, a direct popwrit to Borrower. if a refund reduces principal, the reduction vifif be treated as a
<br />pelt W'prepaym=t without any prepayrimut charge under the Note.
<br />1& 14gisltttioa Alkctdttg Lestir % Rigkts. If enactment or expiration of applsiubie laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its'terms, 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.. Natdets. Any notice to Borrower provided for in this- Security instrument shadllxegiven by delivering it.acby
<br />mailing it by first class mail unless applicable law requires use or another method. The not'are shall be directed to the
<br />Prt pcdy Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by nob= to Botm wer. 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 />IS. Governing Law; SeveraMUty. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located. 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 use given effect withcat the conflicting provision. To this end the provisions of this Security Instruniett and the
<br />Note are declared to be severable.
<br />16. Dwrtowees Cory. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Treader. of tie Prepriy or a Se seficial Iaterest is Borrower. If all or any part of the Property or any
<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 written consent. Lender may. at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall not he exercisers by Under 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 />of not less than 30 days from the date the notice is deiit.ered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. if Borrower fails to pay these sums prior to the expiration of this period. lender may invoke any
<br />remedies permitted by this Security instrument without further notice or demand on Borrower.
<br />1111. Borrower's Right to Reinstate. if Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of fa) S days (or such other penod as
<br />applicable taw may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument; of IN entry of a judgment enforcing this Security instrument. Those conditions. are that Borrower:
<br />(a) pays Lender all sums which then would he due under this Security lnstrumcnt and the Note had net ac.elet"lt(In
<br />occurred, (h) cures any default of my other covenants or upreemews. (e) pays all c%penw4. incurred to enfumq,,, -ihts
<br />Security instrument, irxluding. but nose hinited ti.. rrasvnahle attwireys' fern. and (d) take% sulk action a,. I.ctider ma%
<br />tciuririav iy tc%twirc iii a +sure that the lien or this aunty instrument. Lender's riFnts in the Prnperty and lkirrowrr's
<br />orhligaiwn to pi) the sums, secured fly thr% Scvunty Instrument shall aoneinue unchanged t'pt =n rcur-,taicinew hs
<br />lloirro%rr. this Sevurit) imirunent anti thr uhligatin , %et. ured l:errh: shall rernein fulls efferiovc as it im acv --ler i1wii l:ad
<br />r,<vurred Ifn*evo. this right tomrivateshall no apply in the f�,,sC, Vfagclerm1,• ri tinder parapraplis I I of I-
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