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<br />89-x. 104409
<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 />S. Infipeatim. 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 eausefor the inspection.
<br />9. Cowiderasation. 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 />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 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 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 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 repair of the Property or
<br />to the sums secured by this5ecurity instrument, whether or lift.:; then due.
<br />Unless Lendea'amd Borrower otherwise agree in writ-. S, any application of proceeds to principal shall not extend a;i .
<br />postpone the due daft -of the monthly payments referred to imparagraphs 1 and 2 or change the amount of such payments...;
<br />10. Borrower ' Not Released; Forbearance By Lender Not a Waiter. Extension of the time for payment =oir
<br />modification of amortization of the sums secured by this Security instrument gemmed by Lender to any successor in
<br />interest of Borrower shalt 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 masfie
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or.remedi
<br />shall not be a waiver of or preictudeihe exercise of any riglit or remedy.
<br />it. Sneeessors and Mtips Bound; Joint and Several Liability; Co-signers. The covenants and. agwatmam of
<br />this Security instrtrmmat shalt bind and benefit the successors and assignsof Lender and Borrower. subject to the provis;gns.
<br />of paragraph 17. Berraower's covenants and agreements shall he joint and several. Any Borrower who co -signs this SectstilX
<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 tfnis 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 without
<br />that Borrower's consent.
<br />12, lt.oan (.liaises. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that ibis > interest or other loan charges collected or uy he collected in
<br />connediza,z -with the loan exceed ¢Its permitted limits, !tlhen; (a) any such loan charge shall be redufr4 . i17 the amount
<br />necessary' in reduce the charge to Vh. putnitted limit; and (b) any gums already collected from Borrower 19hich exceeded
<br />permitted limits e+i:11 tie refunded to %,)rci ewer. Lender may ch..xose to make this refund by rt duo.ing the principal oiled
<br />under the Note or by making a direct payr.t to Borrower. If a refund reduces principal, the reduction will be treated alai
<br />partial prepayment without any prepaymer:: charge under the Notc.
<br />13. Legislation Affecting LeWWs Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this'-x . -unty Instrument unenforceable according to its terms. 'Lender. at its option,
<br />may require immediate payment in full ci" jh sums secured by this Security Instrument and may invoke any remedies
<br />permitted by pa�aotiph 19. if Lender exemi�^ this option, Lender shall take the steps specified in the second paragraph of err:
<br />.x.
<br />parairtipsh.17.
<br />M. 'clothes;. Any rzat:r:rr'c> Borrower pro%ided f.Or in thn Security Instrument shall be given by dei_rs<;ring it or by
<br />mailing it by fiat c ass magi u,t0 ss applicable law req�,res use of another mettiI.A:.The notico shall be directed to the
<br />Property Addrini. Orany other address Bo: rawer designates by notice, trf Lender Ana nwil.v, tri Lender shaO be given by
<br />first class mail tc> Lw.tder's address stated herein or any other address, Vefider desier —'es by net, a: co Borrower. Any nutu;c
<br />provided for in this Security Instrument .shall be deemed to hate heel 4iv,%:if to Bt"rfj r or Lender when gds er w% provided
<br />in thispa'ragraph.
<br />1:9. Governing Law; Sevenbility. This Security Ir.- itrument shall he governed by federal law ar # thte law of the
<br />jurisdiction in vs hiihil the Property is located in the ev mt that any provision or clause of this. SrLarity Instrument or the
<br />Note conflicts wtiln r.f4, ;i:�Me law. such cvuiilicx shall n, jt affect other provisions of this Security Instrument or the Note
<br />which, can be gil :.n shout the conflicting To this end the provisions of this Staafity Instrument and the
<br />Note•strdeclare4 to 64, several; ?e
<br />;'4j , 8ortc+itet's Copy. Borrower shall he given are conformed copy cif'thir lsiote and of this Security Instrument.
<br />1r"'1;- '1r>r>wtofst of the Property or a Beneficial Interest in Borrower. If ail or any start of the Property or any
<br />interest in it is sohl'Or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />per.wn!, without Lender's prior written consent. Lender may, at its option, require imfmMa',le"Payment in full (if all sums
<br />secured,'by this Security Instrument. However, this op,: on shall not be exercised by Lc; ;&..r S�exercise is prohibited by
<br />fedend law as of the date of this Security Instrument.
<br />if Lender exercises this option. Lender shall give Borrower notice of acceleratnui. 1'he rr)s.ce shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrow er mir.e pay all sums secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this pennd, lender may invoke any
<br />remedies permitted by thisSecurity instrument without hirther nbttee or demand on Rorrriner.
<br />1i, Borrower's Right to Reinstate. If Borrower meets certain conditutns. Ikirrower shall have the right to have
<br />enforcement of this Security Instrument diiconrinued at any time prior to the earlier of la) 5 days (or such other penixf as
<br />applicable law may specify for r mm itement) before sale of the Property pursuant to any pov er of sale contained in thin
<br />Security Instrument, or (b) curry of a judgment enforcing this Security instrument 'I hose condition are that lorrower.
<br />(a) pays Lender all sums which then would be due under this Security instrument and the Note had no acceleration
<br />(recurred. Ih) cure-6 any default of any other covenant% or agreements, (c) pays all exlxme; incurred in enforcing flits
<br />Security fr.situtnent. including. but tioi limited tf>,• reasonable attorney!: fees. and (d) takes %uch actual as I.cnder ni.oy
<br />tewwiliably tequire tf, assure that the heir of 1ltt4. Security Iristrurflent. I crider's, right% in the Property hitch K,tfv-&ef'w
<br />obhgattt +n to pay the sum% secured by slits Secunq Instrument shstl cnnlmue finch.mgril Upon resist -.ire nu ifs by �" `
<br />Ilt)a "rt +V,er, tltl� SeEutity Instromerlt and rh+'ttbltg:+tUtfls s°clitetf hereby 01ill rettwin full% cfTecT!16v :14 If oil 3l'Ce1Mft3 t1 113d
<br />m- 4aittra II, %C%,ct, thi,, tight to reinstate shall fit apphv fit fhP ut;c t�f ill = dvr.,nt• fill tnf,'r par, 11 1. +t,lh i i asr I'
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