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<br />90- 105909
<br />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 />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Coadernmation. The proceeds of any award or claim for damages, direct or 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 />assiIpixf 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 writing. the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the folloviing fraction. (a) the tots( .amount of the sums secured immediately
<br />j before the tacking, 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 n!i. after notice by Lender ,!,Lk 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 and apply t he proceeds, at its option. either it, restoration or repair of the Property a,+r
<br />to the sums secured by this Security Instrument. whether or not there &T.
<br />Unless Lender and Borrower otherwise agree in writing, any 4i pplication of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments refermd to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Leader %ot 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 />i 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 initer%:st. Any forbearance by Lender in exercising any right or remedy
<br />j shall not be a waiver of or preclude the exerciseofany right or remedy.
<br />11. Successors and Assigns Bound, Joint and Several Liability; Co- siRnem. The covenants and agreements of
<br />t this Security Instrument shall bind and her.e•Fat the successors and ass pps of lender and Borro%,:r, subject to the proviso ons
<br />of paragraph 17. Borrower's covenants and agreements shall be joiw and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- sipping this Security Instrument only to mortgage. grant and convey
<br />that Borrower's interest in the Property under the term, :,f this Security Instrument; (b) is not personally obligated to pay
<br />' the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify. forbear or make any accommodations with regard to the terms of this Security instrument or the Note witto+ut
<br />that Borrower's consent.
<br />12. Lain Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />i charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such Iran charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal coned
<br />under the 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. Legidallon Affecting L,enidees Rights. If enactment or expiration of applicable laws has the effecr of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender, at its upc o.
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remoiles
<br />I permitted by paragraph 19. If (.ender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any novice to Borrower provided for in this Security Instrument shall he Riven by delivering it or by
<br />mailing it by first class mad unless appl.c.:able law requires use of another method. The notice shall he directed to the
<br />Property Address or any other address Mkirrower designates b% nt +lice to Lender Any notice to Lender shall be Riven by
<br />f first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />I provaded for in this Security Instrument shall bedeemed to have been given to Borrower or Lender when given as provided
<br />in thm paragraph.
<br />15. Govemiag Law; S'evtrabiht }. This Security In%trurne:nt %hall he ginemed h% federal law and the law rf the
<br />jurisdiction in s;l.M; the 1-mHr•sy is h-it .;tcJ In the evew Thai ar•.v I' +•.y.t %ion or clause of this 5ecuru; In%tnrmera tti. ti :e
<br />Note conflicts with applicable taw, such conflict %hail not affect 1r+r ek- provisum% of this Security Instrument ur the %epic
<br />whicri can be given effect widuxm the conflicting prop mien. To this end the rr v4sron% of this Security Irc%trument and the
<br />Neve ate declared to be severable
<br />16. Borrower's Copy. Borrower shall be sioen tine writ wmed conv of the Note And of An
<br />17. Traast'er of Ike Property or a Beoeliclill Interest in Borrower. If all or any part of the ProTierry .+r Any
<br />interest in it is sc►ld or transferred for if a beneficial interest in Borrower is %old or transferred ,rid Borrower c% nt•t a natural
<br />person) without Lender's prior written consent, Lender may, at its option, require immedeatc pa%ruenr in full of all sums
<br />secured by this Security Instrument. However. this option shall not he exercised by Lender it' e*%erci%e is prohibiled b)
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises %his option, I.ender %hall give Borrower notice elf acceleration T he notice shall provide a period
<br />of Dof kss than 30days from the date the notice is delivered t +r mailed within w hic•h Norrow ct must pay all %um. %ecure.l by
<br />this Security Instrument It Borrower fail% to pay these sums pnor to the expiration of this resit(. I ender may invoke any
<br />tirmedimpermitted by this Security Instrument without further notice or demand on borrower
<br />18. Borrower's Right to Reinstate. If Borrower meet% certain condition%. Iorrower shall hose the right to have
<br />enforcement of this Security Instrument diwontinued at anytime prior to the earlier of la) s day% lo• %uch other perutd as
<br />applicable lava may specify for reinstatement) before sate of the Property pur %cant to any pi•wer of %alc contained m this
<br />Secunty Instrument; or (h) entry of a Judgment enforiring the% tie.unt% In %tr un►ent 1 hose Londinow are that litorrower
<br />(a) pays Lender all sum% which then would be due under the% tiec-urtl) Itimiwnria and the %ote had nn .eetrlrratuni
<br />ticcurred, (b) curt•% any default of any tither av►enant% or agrcenecnt%. (c) I +A)% ill rsl.t rise, mcorrt•d in cnlutcotg it11%
<br />Secant) luslrunteiet. including. but not linuled to. rewwriahlc ,ellnrnct%, rrr%..to.) 1d) talc% %u, 11 a,tion a% I ct+dcr rria)
<br />reasonably require to as %ure that life hen of the% Security Imtiurncnt. I ender'% right% rte the Property and IA�rro +wen's
<br />obligation to pal' the %ullm %ccuied by this SN unty In"mfumem %hall ,nrttiouc un.hanl;cd 1 Ia+n tr11i %lalenecnt h%
<br />Borrower. this kluriq In%liturne tc sled the uhLgat :rm %¢cured licit-h% %hell t1•nt.un Inllc %tit -t +u .t% it tit, it'detau.vi 11,11,1
<br />o %turrod Ilou►eter. this fight lnrcu talc% hadnoiappt% inthe• cac e.-. u, eler. ,tenn11,1dr1I•.1►agr,,l•h %Ii.,rII
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