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<br />89-- 103675
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premium required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordawim with Borrower's and Lender's written agreement or applicable law.
<br />& ImpectMa. Lendu cxq- ads agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower nrtic+e at the cRrre vf or prior to an inspection specifying reasonable cause for the inspection.
<br />9a Chitltdktnttatii e. The• prc*mWs of any avvard 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 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 amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (h) 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 award or settle a claim for d,t,iiat.-s, But. wer fai u respoi 1 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 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. Bwrower Not Released; Forbeamce By Lender Not a Waiver. Extension of the 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 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 amortintion of the sums secured by this Security Instrument by reawn 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 not be a waiver of or preclude the exercise of any right: or remedy.
<br />It. Soccessors mad Ass*A Bound; Joint and Sertsasl, Lialli ityl Co3ignen. The covenants and agrteaxtettts of
<br />this Security Instrument shall bind and benefit the successors..4nd assigns-oE Lender and Borrower, subject to the jioviskms
<br />of paragraph 17. Borrower's covenants and agreements shall be joint andtseveral. Any Borrower who 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
<br />that Borrower's interest in the Property under the terms of this Security Instrument, (b) is not personally obligated to pay
<br />the e► ►w►. w.a.re —d K- this- Seeait� neLnunteg1,: and (C) �!aF.ret!$. that ---7'-- .I Pnder and Any other . itorrovver. ma AorCt to extend. .
<br />modify. forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Bormweescotnst mt.
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<br />� -12. Loss Class. If the loan secured by this Security instrument is subject to a law which sets maximum loert,
<br />charg a. and the. law is finailj out--- .pr£tcu so that the in t. A 3r other loan charier ; vldrcted or to '-- collect d it.
<br />connection with the loan exceed the permitted limits, than: (a) any such loan charge shall be reduced by- the amount
<br />necessary to reduce the charge to the permitted limit: and (bP any rams already collected from Borrower which exceed&
<br />permitted limits will be refunded to Borrower. Lender magi ck oq*.. it a make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. IN refund reduces principal, the reduction will be treated rise
<br />partial prepayment without any prepayment charge under t:IteNAie."
<br />13. Lesklatloa Affecting Leader's Rights. If r *Iment or expiration of applicable 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' 9f all sums securef ley this Security Instrument and snaz, invoke any remedies
<br />permitted by paragraph 19. if Lender exercises this optiorl:„ L�ndcr.si4;RfI-take the steps specified in. the second paragraphs: eel:•
<br />parageaghl ?.
<br />16. Noticel. Any notice to Borrower provided for is thin Security instrument shall be given by delivering it or by
<br />marling it by ftasti.class mail unless applicable law requires use of anti ther method. The notice shall be dxt: =W4 to the
<br />Property Ai3dr� of any other address Borrower designates by noo0o; to Lender. Any notice to Lender sha�l.TX.giverr by
<br />first class maA eq 1<.+ender s address stated herein or any other address Leader designates by notice to Borrowed: Ainy notice
<br />provided - fd'r in (his•Security Instrument shall be deemed ten liave been given to Borrower or (ender when given as provided
<br />in this paragraph.
<br />13. Goveraft Law; Seterability. This Security Instrument shalt 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 be 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 />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in 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 be exercised by leader 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 />ofnat .less than 30 days from the date the notice is delivered or mailed within w hich Borrower must pay all sums secured by
<br />thus >Sda r ity Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />rernediespermitted by this Security Instrument without farther notiicl .or demand on Borrower.
<br />16. Borrowees Right to Reinstate. If Borrower irr4ets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security instrument discontinued-at'iu y time prior to the earlier of. (a) 5 days (or such other period as
<br />applicable law may specify for reinstatement) before salit- of the Property pursuant to any power of sale contained in this
<br />Security instrument, or (b) entry of a judgment enforcing this Security Instrument Thou conditions are that Borrower
<br />(a) pry% Lender all sums which _then would be due under this Security Instrument and the Note had no acceleration
<br />(kcurted. (b) cures an) default of any other coicnant% tar agreements. (c) pay% all expense-, incurred iii enforcing IN%
<br />Sectmiy Instrument, Including, but not limited tor, reawnable attorneys feed. and (d) take% uich action a% 1 ender irtay
<br />rrsstsnahly require sir a•t %ure tha *. the Ilea t`f III]% Security In,�trutnem. I eiiderb right,, m the Prt,r--!t!r Edit HorrOMrL0,
<br />i,bligatiun for ply the ,um- +.cttired ht Chic tic (,uttty Instrument .hali .onlinue unch--ingcd 1'L.+n tem%taictimit by
<br />l)<, rrr,w er, thi: Se,. untgInti truu icint and (lie ,: hi lgatI„ n'..ti e(, uretlherebys hallreni ;tmfull� 1).141
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