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<br />90-406631
<br />If Lender n"A*d mortgage insurance as a condition of making the loan secured by the Security Instrument. Borrower shall pay the
<br />Werniurns requited to rns oUb the insu WW@ in eBiCt until such time as the ret(uifeaWl tar the insurance temflnates In accordance with
<br />Borrower's and i *KW,e written agreement or applicable law.
<br />8. Inspaction. Lender or Its agent may make reasonable entries upon and inspectlons of the Property. Lender steal give Borrower
<br />aerials at the *ra of or prior to an inspection specifying reasonable cause for the Inspeotlon.
<br />8. Condarttnstkn. The proceeds of any award or claim for damages, direct or conseWOMiat. In connection with any condemnation
<br />or other taking of any part of the Property, or for conveyance 61 leu of condemnation, are hereby assigned and shall be pail to Lender.
<br />In the event of a ttWal taking of the Properly. the pra,seds ahaa be applied to the suns secured by this Security Instnumanl, whether
<br />cc not then due, with any excess paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender otherwise
<br />agree in writing, the sums seared by this Security Insuunmi shall be reduced by the amount of the proceeds muftipled by the following
<br />faction- (a) the toW amount of the sums secured krcfm atety before the taking, divided by (b) the fair market value of the Property
<br />hmetlatey before the taking. Any bRbnoe shal be paid to Borrower.
<br />it the Property Is abandoned by Borrower, or H, after notice by lender to Borrower that the cons ernnor otters to make an award or
<br />Bettie a OMM for da neges, Borrower isib to respamd to Lender within 30 Brigs after the date the roirce Is Wale, iieodw Is authorized to
<br />cokd and apply the proceeds, at its option, either to restoration or repair of tha PWpe* or 1<a ',V,'a sums 133; rlyis 5emrity
<br />Instnanent, whether or not then due.
<br />Wass Lender and Borrower otherwise agree in writing. any applicatlon of proceeds to principal' •.:1 W Hair extend, Or Pftr. .Nv lino &:e
<br />date of the mor►thy payments related to in paragraphs 1 and 2 or change the emount Of such paY,mv -JI-
<br />10. Borrower Not Released; Forbearance By Lender Not a Wa verve d im. nit the time Ur pp mr% r, err m!Kt0M'10't
<br />of amortization of the sums seared by this Security Instrument granted by Lender to zwzJ wwr. a in irr".- a4x Id' Iijurrawer isI fO ixd:
<br />operate to telease the liability of the original Borrower or Borrower's -successor in itt` t' t4�0610T :';rat r(S' Abe ;-v4 ime to Cz rnnerrae
<br />proceedings against any successor in kdarml OF refuse to extend time for payment or r0terxiso 'rnadl'1 ' 1tM1M:M a9 the svtr+s sacu.,�
<br />by fhb Security Instrument by reason of any dtmand made by the original Borrower rr In inures!. Any dcoilaar+atce
<br />by Lender In exerdsing any right or remedy shat nod be s waiver of or preclude the voiarse of any Vglhr w. redW
<br />11. Successors and Assigns Bound; Joint and Several Uabilityn jgners. 7,m c m+,ei)a'?+s and agreements of
<br />this Security lAstrumehl shall bind and benefit the successors and assigns of Lender annt Sorr --met. clutyea to the provisions of paragraph
<br />17. Borrower's covenants and agreements shall be joint and several. Any Borrower• %*vv co-signs -its Security Instrument but does not
<br />execute the Note: (a) is co-signing this Security Instrument only to mortgage. W.•rasar, eAd convey that Borrowers Interest in the Property
<br />under the tames of this Security Instrument: (b) Is not personally obligated to pap tha sums secured by this Security Instrument; and
<br />(o) agrees that Larder and any other Borrower may agree to extend, modify. 'lotbea7 or make any accommodations with regard to the
<br />terms of this Security Instrument or the Note without tit +ai; Uoaowees carise.t.
<br />12. Loan Charges. h the loan sectand by iJ .s Security irrs4:mrest is svil:+,ect to a la-* which sets maximum loan et.apafes„ and
<br />that law is fnaly interpreted so that the Kere —A o, c$J,,%.w'Fean charges =Wed a, to bP collecucl in connection with the loam del
<br />the permitted limits, then: (a) any such I'OUT.. clan igX sfral 'S2 reduced by the amor"I ; racassary is reduce the charge to the permitted Ira-
<br />and (b) any sums deady collected frcir So mover mi!itd" exceeded pemitted limits evil? bp refute)& rte Borrower. • Lwder may choose to
<br />make this refund by reducing the pftce .� deed Qmder'fhe dots or laity rirtirifdng a direct Cuaymem •z So rower• It a refund reduces principal.
<br />the reduction will be treated as a partial:' mam-�- -rant *. OxI^ LM,any pu pa,0ncr=rt charge under the Note
<br />13. Legislation Affecting [endow Righjs. ' u enactment or expiratiott of applicable news has the effect of rendering any
<br />pr yislon of the Este or this Security tnstrumgnt 11f1erfv. aahle according to its terms. [:.ender, at its option, may require immediate payment
<br />In full of al sums seared by this Security Instrumen: ,'an3 may Invoke any remedies pa- matted by paragraph 19. II Lender exercises this
<br />option. Lender shall take the steps specified !n the second paragraph of paragraph 17.
<br />14. Notices. Any notice to Boasters• _ provided for in this Security Instrument shall be given by delivering it or by rnaliing it by first
<br />class mal unless applicable law requires ;t sv- of another. frmethod. The notice shall be directed to the Property Address or any other address
<br />Borrower designates by notice t'o lender. Any notices w Lender shall be given by first class mail to Lender's address stated hemin or any
<br />other address Lender deelglisk -s by notice to Botrtwer. Aar 6 notice provided for in iris Security Instrument shall be :teemed to have been
<br />given to Borrower or Lender when given as provided rn 'la's «4ragraph,
<br />15. Governing Law; Severala7Aiy. This Security 'ImM- ^+�i: steal be'rovEmed by federal`• taw sad the law of the Ju.; fiction in
<br />which the Property is located. in the ei,W' z that any provision ur a Sa. - this ' Insmtra?ni 07 the Note conflicts with applicable
<br />law, such conflict shall not affect other provisions of this Security Instrument er titre twa:ra which tin be given ,Oad without the conflicting
<br />provision. To this end the provisions of this Security Instrument and the Note are OW r. ad to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the New and of th "s Security Instrument.
<br />17. Transfer of the Property. ova Beneficial Interest in Borrower. If ail or -3-.5 part of the Property or any interest
<br />In It is sold or transferred (or if a benermi -iiderest in Borrower is sold or transferred and Bormwer is rot a natural person) wilbaut lender's
<br />prior wtiiie+. i,cwlaoAi. Lo^.'►.i:." in:f,:.t itr r°-lment in hdr nr curl mtmia cemirod by this SecudW Instrument K6wever.
<br />this option shall not be exercised by Lender i1 exercise iz larahibited by federal law ms of the date of this Security Ingrurgent.
<br />H Lender exercises this option. Lender shall give f3cmamer notice of acceleration.. Tice notice shall provide a prz=d of not. less than 30
<br />days from the date the notice is delivered or mailed within which rJ.re Borrower rats: pay all sums secured by this 'Security • fasommmt It
<br />Borrower lags to pay these sums prior to the expiration of ibis j$e�acl. _ander may. ,invoke any remedies permitted by this Seca-,Ay ihsL-irment.
<br />without further notice or demand on Borrower.
<br />18. Borrower's Rtght to Reinstate. If Sarrmw r 7,rp__, ' i.ev:36rt ;trvdi zits, Borrower shall have the lV?r ro Pave en'azeaneat
<br />of this Security Instrument discontinued at any time pfar liz.it-e saltier, �i,;a). =1 za-4s tear- such other period as apnliw:ie Jacw sty si,'ee -j 9u7
<br />reinstatement) before sale of the Property pursuant to any pre - ,y: Stir Sri n in this Secan , !m-- mar err M enry aY a -!,te �nr.
<br />enforcing this Security Instrument. Those conditions are that Berwm"a;•. iw- Naps Linder air sums whid•r ,liar 1&OWi . bediz.- Witlef hits '.sown '
<br />instrument and the Note had no acceleration occurred; (b) cures an.j,deiaun of any ather coveirani: or agrees?2tits: iF) ;9Kjj aUr ex enses
<br />Incurred in enforcing this Security Instrument, including, but not limited to. reasoc aDe attorneys . tc ' aria (d�: �Jax such action as Lender:
<br />may reasonably require to assure that the lien of this Security Instrument. Lerdiu•+s. rights. in:.)te Proper.y;m:; ftrrower's obligation
<br />to pay the sums secured by this Security Instrument shall continue unchanged. Uran ttinstate -nem by Borrower, this Security,tinftment
<br />and the obligations secured hereby shall remain fully effective as it no acceleratlori itad: �Cmnl d Hi<wever, this right to reinstalla shall not
<br />apply in the case of acceleration under paragraphs 13 or 17.
<br />nn C I-' (08M)
<br />tp'.70057
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