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<br />89-�- 103673
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay Iht prtmitmta required to maintain the insurance in effect until such time as the svquirement for the
<br />insurance terminates in ac4V;ic4a 44 with Borrower's and Lender's written agreement or applicable law.
<br />i. Itgetiott. Fender or its agent may make reasonable entries upon and inspections of the Prgxrty. Lender
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<br />shall give Borrower notice tithe time of or prior to an inspection specifying reasonable cause for the inspection.
<br />!. Contkneastlon. The proceeds of any award or claim for damages, director consequential, in connection. with
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<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 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 said 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 st:etired immediately
<br />Wore the taking, divided by (b) the fair market value of the Property immediately before the takirrg..'Any..- balance shall be
<br />Raid to Borrower.
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<br />if the Property is abandoned by Borrower, or ii after notice by Lender to Serruwer 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 and apply the proceeds. at its option, either to restoration or repitirof the Property or
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<br />to the sums secured by this Security Instrument, whether or not then due.
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<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to princilW still not extend or
<br />postpone the due date of the monthly payments referwii_ o in px, digraphs 1 and 2 or change the amount of such payments.
<br />10. &urower Not Rekase$ Forbearance By Under. Not a Waiver. Extension of the time for payment or
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<br />trl 4ification of amortization of the sums secured h�, tti�is Security Instrument granted by Lender to-any successor in
<br />ulrletest of Borrower shall not operate to release the liability of the original Bretower or Borrower's successors in interest.
<br />i bider shall not be required to commence proceedings against any successor in interest or refuse 'to extend time for
<br />payment or otherwise modify amortizaiion 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 forbearance by Lender in exercising any right or remedy
<br />shall not bea waiverofor preclude the exercise ofany right or remedy.
<br />11. Soceseurs triad Assipu Basn4 Joist ad Several Liability; Co- Wgsers. The covenants'aad agreements of
<br />'thb Security Instrument shall bind and benefit the suckiwssors and assigns of Lender and Borrower, stt*d tt3 the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower whotgns this Security
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<br />Instrument btrfi does not execute the Note: (a) is co- signing t)rrs Security Instrument only to mortgage grant andcionvey
<br />th aSerrowces interest in the Property under the terms of this.$$ curity instrument; (brig not versottall -.oblinateti1b nay
<br />the ri ins %cc U rid by this Security instrument; and (c) agrer<t that Lender and any other Borrower rrc;i -agree to extend,
<br />Modify. forbear or make any accommodations with regard; to. the terms of tlxis. Security Instrument Of rite Note without
<br />that Borrower's consent.
<br />is. iiAm Eiargm if the loan secured by this 3ecurrty, in-- trumcnt is subject ta�a:iaw which sets maximum loan
<br />charges, and that law is finally interpreted so that the interegc at other teen charges collected or "to be collected in
<br />uarmection with the loan exceed the permitted limits, then. (a) any such fxaztn charge shall be redtr4=4 by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Bomw o which exceeded
<br />permitted limits will be refunded to Borrower. Lender may cho.-sne to make this refund by reducir84�fio principal owed
<br />under the Note or by making a direct payment to Borrower. If a refitind reduces principal. tlti t reductwi p will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />I& Legation �.Aeeting Leader's Rigits. If enactment or expiration of applicable lairs :has the effect of
<br />rendering any provision ofthe Note or this Security instrument unenforceable according to its terms. C•imder, at its option,
<br />may require immediate payment in full of all sums secured by this SecuriQitnstrument and may imuoke any remedies
<br />permitted by paragraph 19. if Lender otercises this option. Lender shall take the steps sjae4fied in the second paragraph of
<br />paragraph 17.
<br />16. Nodees. Any notice to Borrower provided for in this Security Instrument shall be givert hy'delivering it or by
<br />mailing it by first class mail unless applicable lava requires use of another method. The notice shrill• T e directed to the
<br />Property Address or any rather address Borrower designates by notice to Under. Any notice to Lender shall be given by
<br />first class malt to Lender's address stated herein or any other address Lender designates by notice to Borrower. An} notice
<br />provided for. ire. this Security Instrument shall be deemed to havcbeen given 19 Borrower or: finder when given as provided
<br />in this PuagraAh
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<br />15. Govert ing hare, Severalidity. This Security Instrument shall, this governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provisiGtv'or clause of this Security- Instrument or the
<br />!Mate conflicts with applicable law. such conflict shall not affect viper 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 />Nate 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. Treasfer of tie Property or • Beneficial Interest in Sotrower. 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
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<br />person) without Leader'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 Lender if exercise is prohibited by
<br />federal law as ofthe dateof this Security Instrument.
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a pe mid
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<br />of not less than 30day; from the date the notice is delivered or mailed w ithin which Borrower mast pay all -,tams %ecured by
<br />this Security Instrument If Borrowtr fails to pay these sums prior to the expiration of this period. Lender ma) invoke any
<br />remedies permitted by this, Security Instrument without further notice or demand on florrower.
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<br />li. tasrrotrer's Rilt�tt tb Reiarttate. If Borrower meets certain conditions, Borrower shall have the nght to hale
<br />enforcement? of this Security Instrument discontinued at any titne pnor to the earlier Of (a) S days for such rather period as
<br />applw" law may specify for rnnstat"'nt) before sate of the Property pursuant to any power of sate contained its this
<br />Sei`unty Intrument, or (h) entn of a judgment enforcing this Scvurit} instrument 'those cimdiluons are that tk)rroxcr
<br />(a) pays Lender all sums wh :ch then would be due under tht% Security Instrument and the tints had no acccicratarn
<br />occurred. (b) cures any default of any other cw- enanis or agreements. tci pays alt expense% iticutrcd in criforong tlnc
<br />Secum) Instrument, includinit. but not limited to. rcivirtahle atturncs%* fens. and idt takes su.h act .-tin as t ender nim
<br />reav)-naNy requite tr J%%utc that the lien ref thn Seturity (nrrurner.t Ie•.dcr', right,. r:i the Pri-pert% and liornower'-,
<br />i- Niaatirrn to fray the Burns cccured by this Security ln,trun,ent Oh +:l t 1.4- , :r.. Ei in}trd t lay; rrir,�tatc tncrrt f ti
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<br />lf.•tn.urrr rt::.'+ss ird. iris true; era, X ,rf the +1igatieills Set t]Iof d t:rr; -hti %1-111 tt rr un t,1li. i ffc•t tnc• ,sti of r.,u._cic'r.ita•r. i ;.t.t
<br />r�.- �itre,li ltr.Arser t h; N right t, :remit;ate shall rs;t:il'hly rn "Urd-r
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