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r r 89-- 104245 if Lender requited mortgage insurance as a condition of makint the loan secured by this Security Instrument, Borrower ais11 tkt required to maintain the insurance in effect until such time as the requirement for the istati+tittute with Borrower's and Lender's written agreement or applicable Law. a •' rF`haddtf or its agent may stake reasonable entries upon and inspections of the Property. Lender Htmv cttiittrairtaisii aa** me ofor prior to an inspection specifying reasonable cause for the inspection. fi CA The proceeds of any award or claim for damages. direct or consequential, in connection with any cor`deatatttion or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby arraigned ad dull be paid to Lender. . In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid! to Borrower. In the event of a partial taking of the Property. unless Borrower and Lender otherwise agree in writing. the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the takin& divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower. If the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor offers to make an award orsetdea claim for damages, Borrower fails to respond to Lender within 30 days of er the date the notice is given. Lender is a t.bom. ed to collect and apply. the proceeds, at its option, either to restoration crt.epair of the Property or to the suns secured by this Security instrunw.t. whether or not then due. >f. 6ess Lender and Borrower otherwise agree in writing, any application of t^rx Beds to principal shalt not extend or postpirm Ow due date of the monthly payments .referred to in paragraphs I and 2 or. change the amount of such payments. M. Ilormw r !Yost Reieaaek Forbearsoce By Lanier Not a Waviver. Ertension cf the time for payment or modifica:im of aiatratasaMion of the sutras st=ared by this Security Instrument g=ted by I wdet to any successor in interest 4' Bonowershall not operate to release the liabilmy of the original Borrower at Borrower's successors in interest. Lender shall not be required to commence proceedings: rpinst any successor in iin.teriest or refuse to extend time for rw payment or uthe use modamortization modify amor of the sums srrx"-4 by this Security Instrument by reason of any demand made by the original Boeriwiir or Borrower's successors in interest -Any forbearance by Lender in exercising any r.4ht or remedy, shall not be a waiveer ( :gar preclude the exer m atany right or remedy. 11. SwealNiltmtiid Attalgaa Boer* .iGiilw ant Several Lialility; Co- sigum. The cor.+� is and agreements qf. this secc;.Ttl+ Irssnuraa t shall trait and benefis -.Ire successors and assigns of Lender sad d Gcrn r subject to the provisions of pang.. *sits 3'. Ro=wtr's c a=unts and agreements shall be 3otnt and several. Awl, Sotrowtr• who co -signs t his Secur.4. Instrurrtrt but tioad iae,�* execute the Note: (a)r, avo- signing this Security Instrument only to e. grant and convr that Borrower's air mew.tin the Property undss tt-t terms of this Securit.v; Instrument; (b) is not prfisonally obligated to pay. the sums secured by this Security irim-urriem; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear ov make any at:commedatioas. with repro to the terms of this Security Instrument or the Note without that Borrower sconsent. 12. Law Cberps. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges. and that Wo is finally interpreted so that the interest or other loan charges collected or to be collected in connection with tI.tr. �5an exceed the permitted limits. then. (a) any �.uch loan charge shall he reduced by the amount necessary to red"." •clue charge to the permitted limit, and (b) any sums already collected from Borrower which exceeded permitted limits, will be refunded to Borrower Lender rir.i -, choow t.+ make this retinad by reducing the principal owed under the Note or by making a direct payment to Bo: reww 11- � refund reduces priir.- -;�In6, the reduction will be treated ac a partial prepayment without any prepayment charge undo r)o- Note. 13. L.eglaltttioa Affallft Leader's Mots. to r ..,actment or expiration of applicaNir•idws has the effect .4 iender;.tfq;any provision of the Note or this Secunt) lrrmursrnt unenforceable according to its to .� .i. rdt^.,,3: its may ritVxire immediate payment to full of all sums se:tltmi by this Security Instrument and maf t:nvcktR a44) permitted by paragraph 19. If Lender exercises this option, :.ender shall take the steps specified in the seconit maragriptof paragraph 17 14. Notieetta Any notice to Borrower provided for in this Smn) n ty Instrument shall be given by delivering it or b; mailing it by first c" maul unless applicable law requires use of another method Thr notice shall be directed to the Property Address or any other address Borrower designates by notice to Under hny notice to Lender shall be given by first cLw mail to Lender's address stated herein or any other address Lender designw!s by notice to Borrower. Any notice provided for to thisSecunty Instrument shalt het deemed to have been given to Borrower or Lender when given as provided in this paragraph. 15. Gyeraiag Law: Severability. This Security Instrument shall he governed by federal law and the law of the junsdirricm in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note cpalficts with applicable taw, such conflict shall not affect other prow-inins of this Security Instrument or the Note which can be given effect without the conflicting provision To this end the proviim ns of this Security Instrument and the Note are declared Lobe s;eterable. lb. Borrrirrer's Cory. Borrower shall be given one conformed copy of t fie Netc and of this Security instrument. 17. Tramafer of the Property or a Beneficial interest is Iforrewer. If all or an) part of the Property or any interest in it is sold or transferred for if a beneficial interest in Borrower is suld or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may. at its option. require immediate payment in full of all sums secured by this Security Instrument However, this option shall not be exercised by Lender it exerow is prohibited by federal law as of the date of this Security Instrument If Lender exercises this option, Lender shall give Burrower notice of acceleratrcin The nonce shall provide a period of not kss than 30days from the date the notice is delivered or mailed within which Harrow er must pay all sums secured b) this serutity instruttxnt If Borrower fails to pay these sums prior to the expiration of thin period. Lender may invoke any remedies permitted by this Security Instrument without further notice ur demand (,n liurruwer Lai. isaw`iVwQ7'i R t:. ei�aEiifii�iC. If Duffiyvrti fiirais cErtafii e:i Odfirutii. Doriu*eir 4ndl travc the ngld by have enfurcement of this Sec-unty Instrument discontinued at anytime prior to the earlier of: ta) 5 days for Such other penixf as applicable law may specify for reinstatement) before sale of the Property pursuant to any 1xiwer of %ale contained ui this Sce.unty Instrument, c +r fb) entry tai a)udgmeni enforcing On Security Instrument I hose c cinditiuns are that Nirriw.er fat pays Lender Al surt'is which thorn would he due under this Security lnstrurnent and the Noic had new aueteratnln rcLn red. chi cuter any default of any ether covenants, or agreements. (ci payc all expenses timutted tit enforcing this Smusity Intiruasent, imliding. but riot limited to, reasonable attorneys' fees and id► takes cuOr aLliun us ).coder roar reaseuiably rrquitC rt+ &%sure that the lien of this Security Instrument. Lender 5, rights in the f'rolvriv and lt,rito%er's obligatifin t1i CAi the Sums setuted by this Security Instrunnenr shall Continue unchanged t'txrrt reinW;rtrtiirrit N. fkgrower. this se�.unty Instrument and theobhgatifhis secured hereby +hall remain fully efl'e_tivL a3 if n:- a :EeNrrarnM NO ct c ulcer; lf•iwe.er. tilts right to retnsrate 01111 not atiply ►n the cirr4 aLCCtrra►hiitr under parattraphs l i t:r 11 I.