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<br />90-' 10558
<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 />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />1 shall give Borrower not ice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Cwtdemaatioa, The proceeds of any award or claim for damages. director consequential, in connection with
<br />any condemnation or other taking of any pan 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 toatal taking of the Property, the prolvmd% shall be applied to the sums secured by this Security
<br />instrument, whether ox sot 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 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 lire 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 tad %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 not then due.
<br />Unless Lender and Borrower otheriirise agree in writing, any application of proceeds to principal shall not extend or
<br />i postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Leader Not a Waiver. Extension of she time for payment or
<br />modification of amortization 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 Borrower or Borrtmer's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest th1; 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 Borroweror Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a witit.er of or preclude the exercise of any right or remedy.
<br />11. Sucmwm ad Asslgns Bound; Joint and Several LiilhOity. Co-signers. The co►%emnt% and agreements of
<br />this Security Instray.tent shall bind and benefit the successors and li,,s ;its of Lender and B orrowtvi, ,subject to the provision%
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -sign% this Security
<br />Instrument but does not execute the Note: (a) is co-signing the% Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument: lb) t% not personally obligated to pay
<br />the sums secured by this Security Instrument. and (c) agree -, that I ender and any other Btirrow•er may agree to extend,
<br />modify, forbear or tmake any accommodations with regard tie the terms of this Security In%wunent or the Note without
<br />that Borrower'sconsent.
<br />12. Loan C3arges. If the loan secured by this Security In %trument i% subject a) a law which sets maximum loin
<br />charges, and that law is finally interpreted %o that the interest or other Irian charges collected or to he collected in
<br />connection with Ilk- loan exceed the permitted limits. then: (a) .►m %uch loan charge shalll he reduced by the amotfur
<br />necessary to reduce the charge to the permitted limn: and (h) any %u. . already collected from iitlrrowrr which exceedeu
<br />permitted limits will be refunded to Borrower. Lender may chrlrlse to make this refund b% reducing the principal owed
<br />under CNI-c Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Leader's Rights, If enactment or expiration of applicable law% has lire effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according toil% terns %. Lender, at its optiow.
<br />may require immediate payment in full of all %um% secured by this Security Instrument ansG may Invoke any remedtics
<br />permitted by paragraph 14 it' f .ender exercee% this options. Lender shall take thoe s iers specified in the secttlt-? paragraph of
<br />paragraph 17.
<br />14. Notiess. Ali —nouce to Burrower provided lOr in till%%wwurity Instrument %hall 111,• giv m f+y delivering it 1•r S%
<br />mailing it by firsit rtas•s mail unless applicable law require, use ++t' another methtxi 'I lie Ir ai. %hall he directed uo
<br />Property Addrew, u.r any other address Borrower designates by notice to Lender Any notice w Lender vhall ter given by
<br />first class mail to Lender's address stated herein or any %vlher address Lender dcw►gnatc%hy notice to Burrower Any notice
<br />prtdsvided for in this Jecunty Iii %trument shall be deemed go have been given to 0%1T.r %v►er or I ender when given as provided
<br />in this paragraph
<br />iS. Gowr+aing law; seHerobilitty. Vhms Security Instrutrievi •,hadt tit - go%erned by C oerrl tau and the law tit rlho
<br />I jurisdiction in w,htch the Prcnieny i% kwateo In the event that urn). provisa•ot: or dauw rtf Mrs seeunty In%trun►ent ur t he
<br />Note conflicts with applicable 1114, such conflict %hall not affect oinher pr i- a•uons -i chi% Sccurrty In,trumml or the Now
<br />which can be given effect without the conflicting provision. I o this to the pris%ision% of thi% lecunty I114CTIAMCnt and the
<br />Now cart declared to he severable.
<br />16. Borromer'sCopy, Burrowershall he given oneconlotfined Copy of the Nottr :old A, this Securley In %trwr: IV.
<br />17. TratwQet of the Property or a Beneficial laterest in Borrower. If all or any part of the Property or ar %
<br />interest in rt is %old or transferred for if a beneficial interest in Burrower i% %old or translerrc. and Borrowty ►.% not a natural
<br />person) without Lende6 prulr wntten consent, lender may, at n% option, require immediate payment in iull of ail %unl%
<br />secured by this Security Instrument. However, this option shall not he exeict,ed hp Lender it exercise I% prohibited by
<br />(ederal law its olthe dateof this Security Instrumrnt
<br />If Lender exerc ism this option, 1.errter %half gyve Heirmwet notice tit wcelctaloss Ti'he r:nU;r shall pru%idc a �eeteard
<br />(if nest less than w day% from the date the notice i, d ichst:red (it rni,led within u Its i,:r, N• +rot,n ti: rgw,1 pay a) I Soin% securoa iN
<br />this Socurity Instrument. If Borrower fails to pay thew -.urn, prior tit the cxpir Aaron of the% peritld. I ender may invoke any
<br />remedies permitted by this Swunty Instrument without further nntl,e -it demand on Witroucr
<br />16. Borrower's Right to Reinstate. If borrower meets %:ennui condition,. Nttm,%cr %hill hoc Ili% n'hl to hA%c
<br />enforcement of thi% Sel unt y Instrument discontinued at any nut: pour ro the Barber tit' tai x dial%% wr %ut , oiht•r Ix -tio l .i%
<br />applicable haw may specify for remstatereent) before %ale of the Prttlwtt% pur%uanl tit stn% p ewer A %all• tlmlanlctl lac Ion,
<br />Security Imtrument, or (h) entry act a judgment entbrcing the% 1uun1% In %Iruinrnl I i 1%e , t nldltl+lrH ,act 111,11 Foal r,,wr►
<br />(a) pa)% Lender All %uni% %%filch Ilien would he due under this `rt III rty 111%Itunn11t .lost the ', +111. 11.1.1 n -..1, 1WlaI1.$11
<br />toccuired, (h) cutest ate) del aull Iif any other 4, m* da agrecunelil %. l% 1 pal k aII v%I1t Sim - 111, 1111 r.. Ili ,, It,'It+111 1111%
<br />Smuttily In%Irumeut, including, but not limited to, itteminahle it tootoc% %' ire., anti Ids i1tkC1 %It'll .1, f1.111 n♦ I x11,111 111-1%
<br />reast%natel) trrqu►te In s%vure that the hen of the% Sccutits, Its%lt tilutnl. I ender % light, In III% Voq� lI% 1,,41 It •l1 ,%, I %
<br />obligation t11 pA% rile ,uivito w%ured by the% Selutlt% Ili%llullicill %1IAll ."111111u" 11111 1, t1tg1 .1 I I "h r, 111%1.11, I11. III It•
<br />Hottuwer. the*. Sri. uttl) lu%ttument and the obligahorm wi utcd Mich% %hall Irneul I it! I% . Art U to. .1. 11 tw I,. t lrr et wit 'I 41
<br />odrurred lit,%oct. Ihi%ntihl tutem%tatc %haul not apply nl the %.t%d .11 .1,,, ic I's 11, 1, ttI•,h I : %1• •++•1,11.11• i t .1 l
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