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<br />90_-74;106353
<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 a"ordancc with Borrower's and Lender's written agreement or applicable law.
<br />S. la MMIon. Lender or its agent may stake reasonable entries upon and inspections of the Prepetty. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim or 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 10 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 this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall qql: er t and or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or ctzanpe the a m -urvit of such Pls tT ents.
<br />10. Borrower Not Released; Fott6roarattce By Lender Not a Waiver. Extension /X *z t-=e for psymcnt or
<br />modification of amortization of the sums secured by this Security Instrument gm ted Gy 11ons, r to any su&.essor in
<br />interest of Borrower shall nw, operate to release the liability of the original Borrawac 1 ir. Cdr; Mwe s- successors et r interest.
<br />Lender shall not be required tra commence proceedings against any successor cr refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Insammmont by remWn. of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exer%:a* > any right or remedy
<br />stall ti ,c be a waiver of or 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
<br />this Security Instrument shalt bind and benefit the successrat:s and assigns of Lender and Borrower, subject to the �tv�3siorzs
<br />of paragraph 17. Borrowers covenants and agreements ~be be joint and several. Any Borrower who co-signs ibus S zurity
<br />Instrument but does not execute the Note: (a:) ins co-signing ,his Security Instrument only to mortgsvpe: gamma calm' .I :Mev
<br />that Borrowers ynwrest in the Property under %ht terms of this Security Instrument, (b) is not pervo tzrfl'y: ob'tiepze„l �o pa$
<br />the sums secure-i by this Security lnstr=(.—j..t., and (c) agrees that Lender and any other BoTmwet-,�ay agree
<br />modify, forbear or make any wzcommodantms with regard to the terms of this Security lnstrutrtent or the Not,.- c+ ? Jh mfr
<br />beat Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security instrument is sutg -ct t7J a law which sets mai giu.ttst,. 33, s
<br />charges, and tMv.law is finally interprete3 so that the interest or other loan charges collected or to be collected in
<br />svnuttiiio�t isaela :rte loan cxcccd the pernnheed limit-- then.: (a) any such loan charge -hall 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 owed
<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 prepay W ent without any prepayment charge under the Note.
<br />13. Lvestation Affecting Lender's Rights. If enactment or expiration of applicable .laws has the effect of
<br />rendering any provision of the Note or this Security instrument unenforceable according to its terms.. Lender, at its option.
<br />easy require immediate payment in full of all sums secured by this Security Instrument and mava utvoke any remedies
<br />pm-r- wed by paragraph M. If (Lender exercises this option, Lender shall take the steps specified in Ohe second paragraph of
<br />gtaragraph 17.
<br />14. Notices. Any pAice to Borrower provided for in this Security Instrument shall be given by deliveitag it or by
<br />mailing it by usa class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Addt--ss vv- any,ether address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mai9 zo Lenders address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Securcic ffnstrument shall be deemed tra have been given to Borrow.,:r or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security Instrumem'shall be governed by fedemlt law and the law of the
<br />jurisdiction in which the Property is lacated. In the event that any provision or clause of thiG Se,: city Instrument or the
<br />.Note conflicts with applicable law, sria - zoi�liict shall not affect other provisions o(* i is SerucSty l zstrument or the Note
<br />which can be given effect widxlzmt thv ranfJicasg provision. To this end the provisons :q RNs 5eri;ritr. Instrument and the
<br />Note are declared to be sevemTnte.
<br />16. Borrower's Copy. Borro*eS Sthw?l be gicev acre conformed copy of nastrument.
<br />17. Transfer of the Property,4 —.-ii t&'neficiaa< Datterest in Borrower. if alt 0.c aal. vu't'.c c�,.e l?r4 ecty or any
<br />mrterest in it is sold or transferred (or if a - ,zrn -ddat ktrerest in Borrower is sold natural
<br />person) without Lenders prior written coar'Knt. Leader may, at its option. require ir-iru wfte lna.4=tnt in flat :,f all sums
<br />smvred by this Security Instrument. 13&%ever. this optwn shall not be exercised -' L.md'er it, exercise is prop bited by
<br />fesieml law asof the date ofC xi xi url:} tnytrument.
<br />If Lender exercises thi.F. fu1am Lea „3.er shall give Borrower notice of accelerstuin. The cct ue stiali pt r3F c�{e a period
<br />of not less than 30 days from rbedWx- Itenotice is delivered or mailed within which Rnrniwer ni.f�,ai pay all sums secured by
<br />this Security Instrument. If Burrower fails to pay these sums prior to the expiration nfthis pernarl_ Lender may invoke any
<br />remedies permitted by this a/_wurity instrument without further notice or demand on Borrower.
<br />I& Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of (a) 5 days (or such other period as
<br />applicable law may specify for reinstatement) hefore sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument: or (b) entry of a judgment enforcing this Security instrument. Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would he due under this Security instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this
<br />Security Instrument. including. but not limited to. reasonable attorneys' fees: and (d) takes such action as Lender may
<br />reasonably require to assure that the lien of this Security instrument. Lender's rights in the Property and Borrower's
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by
<br />Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However. this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17.
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