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<br />89-6'� 104646
<br />If lender required mortgage insurance as a condition of making the loan secured by this Security In-
<br />strument, Borrower shall pay the premiums required ro maintain the insurance in effect until such time as a requirement for
<br />the insurance terminates in accordance with Burrowers and lenders written agreement or applicable law.
<br />S. Inspection. Lender or its agent may make reasunableentries upon and inspections of the Property. Lender shall
<br />give Borrower notice at the time gf'or prior'to an irnpesxit!n specifying reasonable cause for the inspection.
<br />9 Condemnation. The procV., Uf any awarrJejr :.' �;fiti' for damages, direct or consequential, in Connectiot; wirfi ails
<br />Condemnation or other raking of any part of the Prrtpet ty iii for conveyance in lieu of condemnation, are hereby assign.d'snri.,
<br />:shall be paid to lender }'
<br />In the event of a arial takiq i>f _t he Property, the ptiy. "ds shall be applied to the sums srasred by this Securi
<br />ty
<br />lastrumenr, wbeiherer itat then due, wi:h any excess paid io Hat-riiwer. In theeventof a partic! taking6f the Property, unless
<br />Borroweru kletn3er��rJii viseagit� nwricing`ttt��urit sticrsmaf' hythisSecuritylnstrum vittshallbeifducedby the amount ` • -..:,t .t.'
<br />of the proceeds mu.ri3s1: e4, b.y the following frwtii m? (lij. file tol amount tit. the sums secured irtt}yts liurely before taking,
<br />divided by tb} the fa'r: twit let value of the Prop,. by iYltttrr tt}tt61y before the taking. Any balance slash ibr paid to Borrower. ,
<br />if this property ii-2.�4ndonedby B)rrower;or if, after ffMli1: by Lender to Borrower that all ea ct mnotoffets cu make '• . :•
<br />an award or settle a claim fui dalmwpp, Burrower fails to resp:,uA to, Lender within 30 days after the date the notice is given.
<br />Lender is authorized to ciillece ant apply the proceeds, at us ('jp ch)n, either to restoration or repair of the Properry or to tht' ,
<br />sums secured by this Smuzity Instrument, whether ur not then due.
<br />Unless Lender wji� Borrower otherwise agree in writing, any application of prixeeds to pril2ce dal shall not extend or
<br />postpone r u_.due date oar the monthly payments referred to in: paragraphs I and 2 or ch_ -ame the amount of;:uch payments. `
<br />I(1. f&;)frower Not Releas ai; Forbearance By L,etubw Not a Waivee. Extm ua.3 of the time for payment or
<br />modificatit ^ of amurtizatiun of the su :als secured by this Sect:.6b.ptnstrument granted Lwh_4ier to any successor in imerestof
<br />Burrower shall not operate uo rele:.�rhe liability of the origirrzAi Borrower or Borrowers'successors in interest. Ixndershah
<br />not be required to commence prt.Kce4snFs against any successur-�a interest or refuse to extend time ft i. piayment ur otherwise
<br />modify amortization of the sums secured by thisSecunty Instt -umire tt by reason of any demand made by Ole original Borrower
<br />or Borrowers successors in interest. Any forbearance by Lenu`r,,r exercising any right or remedy shall not be a waiver of or
<br />preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; joint and Several Liability; Co- signers. The covenants and agreements of this
<br />Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br />paragraph 17. Birrower's covenants and agreements shall be joint and several. Any %wrower who cu -signs this Security
<br />Instrument but does not execute the Noce: l al is co- signing this Security Instrument only to mortgage, grant and convey that
<br />Borrower's interest in the Property under the terms of this ,14tm;lrity Instrument, (b) ivv, faint perstrnally obligated to pay the
<br />sums secar:tid(by this Security Instr. M. and tcf agrees that imider and any tither B/ : :1c a cs may agree to extend. modify,
<br />forbear cv r."ake any avcommtrdatiuns with regard tit the terms of ilai'. Security l :r;rr.,.;,vjriric tit, t, %e Note without that
<br />Burnowtcr : %'r,;•lnsert. ,
<br />lil.:. moan Charges. if the Wa a secured by this Security Instrument is subjctir +:: a' low which sets maximum loan
<br />t? :usnd that law is finally intt:r�. etcdsuthattheinterestortitherl oancharges<,[ fac+ +.�dortobeurllectedincunnectiun
<br />►.an the loan exceed the permitted limits, then- (;a) any such loan charge shall be reducL d by the amount necessary- ro reduce .
<br />the charge to the permitted limit; and (b) any s(tinr. already coll ectedfrors(. ice nswer which exceeded permitted limits willbe
<br />refunded its Burrower. lender may choose to rraiiurx.tvs refund by reducfngtj :t� lsrincipa!,.;wed under the Note or by making :a
<br />direct payment to Borrower. if a refund reduces principal. the rol fiction to .!:1 be treats +l a;> a partial prepayment wish, ur airy
<br />prepayment charge under the Note,
<br />13. Llegislation Affecting Lendees Rights. if enact"war a of expiration of ,dPV E :.t' .3le laws has the effect a vulr-t;;r. ^Ting.
<br />any provision of the Note ter this Security Instrument unenforceableaccurding to its renns, Lender, at its option, may rey,;ire
<br />immediate payment in full of all sums secured by this Security Instrument and utay invoke any remedies permitted by
<br />paragraph 111. If Lender exercises this option. Lender shat take the steps specified it,t Ou second paragraph of paragraph 17.
<br />14. Notices. Any notice ro lit►rrower provided for in this Security Insrniment :!if :all be given by delivering it ur by
<br />mailing it by first class mail unless applicable law requires usetof another nivitod. Thy novice shall be directed to the Property
<br />Address or any other address Borrower designates by notice to Lender. A ny it, wtice to lender shall be given by first class mail
<br />to Lender's address stated herein or any other address Lender designates by notice to Burrower Any notice provided for in
<br />this Security Instrument shall be deemed to have been given to Btrrtlwcr for lender when given es provided in this paragraph.
<br />!S. Governing Lawn; Severability. This Security Instrument shall be governed by federal law and the law of the
<br />jurrsaicsivil in which the Property is lucated In the event that any pnn•osionor clause (if this Seuincy Instrument or the Note
<br />tt►nflitts with applicable law, such conflict shall not affect tether preovisiuns tit this Security Instnnncni or the Note which can
<br />be given effect without the ulnflitting provistun To this end the provisions of this Security Instrument said the Note are
<br />declared ht Ire severable.
<br />16. Borrower's Copy. Horrowct shall be given one cunfurnrcd 4.41py ill site Note end of this Security Instrument,
<br />17. Transfer of the Property of a Beneficial Interest in Borrower. If all tit illy pert of the I'tupe•rry or any
<br />Interest 111 it is sf dd or transferred tut if a beneficial interest lit burrower is sold l Ir transferred end Hormwer is not a natural
<br />perstint. without Lender 's prior written convent. I.ender may, ar its tlptton, require immediate payment u► full of 111 sums
<br />seturedbyth isSectirltylnstrumcnt However. this oplo oil shall lit , diet •xcruscdl+yLcndt•ritviterti %v v, prohibited by federal
<br />Iaw as of the date of this Security Instrtuncut
<br />if lriiderrleercisrs thtsuptiun. Lender shill salve H111r4Awrr notice of auelcratiou The• notice shill pros idea a perrild elf
<br />riot less than i0 days frurtt the dme the nutite n delivered or maded w ithin %hit h itorrotcc•r mlm p.ly all sums sti tired by this
<br />becuttty histrotnent If Bltrower fills to pay these %ono% ptuu to the expiration ill rhw Ixriml• Ientler m,ty invoke any
<br />renledtts permittt•t! by this Smutay Insttuntent %ithuur further unite 4ir dell anal 4111 ltortt tv.t•t
<br />18. Btrtruw-er's Right it) Reinstate. If Illlrrower meets tertain Londltanl,., lkurtmer shall ha,.c the tight lit h,lue
<br />eufuttenretif of till'. Sviurity Instrument d6tn1111fl1d'd at 111y rune prior ro rile cathtr tit (.1I s .lays (sit silts utllt r htrn,,t as
<br />applttAlle law m.ry'.ixt ify for rellmaternent i belt ore'.alr of the Ytopc•rty puraulnt ft' .111i, pi titer (it Salt• titiltallud 1 it tills to
<br />cunty Ln+ttuntt•ot, tar the entry ti) a lutIgntent Ynftrrt nlg 1111% !+cet,nty Illstultrlent 7 ho,c u,ltdluou, .tic• rhea iflitl.sucr ,I'll
<br />llayy lindet all'iU111'. Wllltll theii W1l11iJkt JtJrtl1lJcr filli4etorlty Illortimu It afArl :c'Ntitefrati nor I,tE'fE'r,ltllirli ittitft 1. A,1
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