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<br />89_,.104955
<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 fouthe
<br />insurance terminates in ascendance with Borrower's and Lender's written agreement or applicable law.
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<br />S. Iatytectinn. Lendrsr cr .ita agent may make reasonable entries upon and inspections of the Prcpwty. Lender
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<br />89_,.104955
<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 fouthe
<br />insurance terminates in ascendance with Borrower's and Lender's written agreement or applicable law.
<br />S. Iatytectinn. Lendrsr cr .ita agent may make reasonable entries upon and inspections of the Prcpwty. Lender
<br />shall give Borrower notice at _6. mina o rO pricer to an inspection specifying reasonable cause for the inspection-
<br />9. Coedeatnation.. award or claim for damages, director consequential, in connection with
<br />any condemnation or ether taking of any pare of the Property, or for• conveyance in lieu of condemnation, are her :
<br />assigned and shall be paid to Lender.
<br />in the event of a tetgi- taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether er nat then due, witii:any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise a in writing, the sums secured by this Security Instrument shall be reducedt v
<br />the ameud of the proceedss multiplied by f -following fraction: (a) the total amount of 6r arms. secured immediib6i
<br />before the taking, divided-by (!�)•the fair m`at -t value of the Property immediately before tlii'i avg. Any balance shal$ite
<br />paid to Barrew,er.
<br />Y: the Pro" yes sl tusrlOned by Borrower, or if, after notice by Lender to Borrower r�'; ;tlte co.•tilemnor offers t4,
<br />make an award itt for damages, Borrower fails to respond to Lender within 30 ti;�? � after the date the ncdctx
<br />Leader is"ii t riz and apply the at its option. either to restoratien'or repair of the Property fir;
<br />given. .t .collect proceeds,
<br />to the sums secure' by thisYity Instrument, whether or not then due.
<br />Unless Lender and Romir.-wer otherwise agree in writing, any application of prweeds to principal s,hAg rsot extend or
<br />postpana tho due date of the rzre'nthly payments referred to in paragraphs 1 and Z.O Ac;'hwtge tke amouncvCsLych payments.
<br />.19 B amwer Not Released; Ferbe rance By Lender Not a Waiver. ' wirte:^:yraa,y kf;the tir+,.r_-.for payment or
<br />modification of amortization of the su secured by this Security Instrument gran'% _:fir ']Li4der to any successor in
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<br />interest. of Borrower shall not operate to L e_+ease the liability of the original Borrower or lliciruivgr'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 />pnymanti or otherwise modify are m� p Mtior, of the sums secured by this Security Itsuument'ty,reason of any demand made
<br />b!e :Ilje enginal Borrower or in interest. Any forbearance by Lender any right or remedy
<br />shall!aot be a waiver of or pre Lw5 . he exercise of any right or remedy.
<br />11. Succ e"M and Assgo Bound; Joint and Several Liability; Co-signers. The covenants and agreements of
<br />this S&mirrzty %rstnL=nt shall fiord and benefit the suco -- ors and assigns of Lem4 orlpd Borrower, subject t;O the provisions
<br />of pa=Vj 17: Bca*owees corn ants and agreements s!iall be joint and severe. Any Borrower who cc-% this Security
<br />Instruv rmt tup, daes not exec; r& the Note= Ea) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that So-mower's irterest in the Property wader the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the n�9 secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />mcdTly, 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. Low Charges. 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 the interest or other loan charges collected or to be collected in
<br />connection with thv loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />nee_—_,z -y to reduce the charot to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />perm im 'd limits will be refUz), ed 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 prepayment without any prepayment charge under the Note.
<br />13. Legislation 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 />m y ecequire immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />pe&:`uid by paragraph 19. If Lender exen;- ses this option, Lender shall take tn.,, steps specified in the second paragraph of
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<br />paragraph 17.
<br />14. No6a:1: Any notice to Borrower provided for in thil liv +c.;rity Instrument shall be given by delivering it or by
<br />mailing it by first class mail'. ur L,ess applicable law requires use ,s" air -ther r;fehod. The notice shall be directed to the
<br />Property Address or any otbar.- iAdress Borrower designates by r•alzo: to Ler e_w. Any notice to Lender shall be given by
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<br />first class mail to Lender's address stated herein or any other addrz a'.eader designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have t';rti:ry given to Borrower or Lender when given as provided .
<br />in this paragraph..
<br />15. Governing Lary; Severability. ' This Security Instru:;.i_rit shall be governed by federal law and the law of the
<br />junidiction in which the Property is located. In the oi.ent that any provision w caause of this Security Instrument or the
<br />Note sonfticts wits r �jl plicable law, such ��9ict shall' not affect: niter provisions of this Security Insl nimact or the Note
<br />which can be gi: et, ttlfirct without the conflicting provision. Te s fla end the provisions of this Security frstrument and the
<br />Note are declarui i ate severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security instrument.
<br />17. Transter of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security instrument without futalier notice ordemandon Borrower.
<br />la. 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) before sale of the Property pursuant to any power of We contained in, this
<br />Security instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrowers
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleratiom
<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 />reastmably require to assure that the lien of this Security Instrument, Lenders rights in the Property and Borrower's
<br />obligation to pay the sums secured by this Security Instrument %hall continue unchanged. Upon -reinstat:manniby
<br />Borrower, this Security Instrument and the obligations secured hereby shall remain fully had
<br />occurred. However., this right to reinstate shall not apply m the case of acceleration under paragraph~ t �..r•i "•
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