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<br />90-10674.0w
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shalt 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 />8. Inspection. 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 art inspection specifying reasonable cause for the inspection.
<br />9. Ca mdemnatEon. The proceeds of airy award or claim for damages. direct or consequential, in connection with
<br />any condemnation or outer taking of any (Dart of the Property, or for conveyance in lien of condemnation, are hereby
<br />assigned and shall. be paid to Lender.
<br />In the event of a totat taking of the Pwperty. 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 evernt 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 tits pro -needs multiplied by the &Aleeino fraction: la) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the F.-eserty is abandoned by Borrower, or 4 after notice by Lender to Rk rrower that the condemnor offers to
<br />reake an awav;k ar settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Len &r asauthorized 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 o.isemise agree in writing. any application of prvveeds t,* godacipal shall not extend or
<br />postpone the due date of the monthly payments refers to in paragraphs I and 2 or cbange the amount of such payments.
<br />10. Borrower Nee Released-, Forbearance B. IE,ender Not a Waiver. Extension of the time for payment or
<br />m z,dif:cation of mw ruemran of the sums secured k-4, +1 ?s Security Instrument pratrted by Lender to anp swa:essor in
<br />i�t st of ban ^a�nec sit t90 not operate to release the l Zhe>Sey of the original Borrower or Horrow.-r.'s suc:esms to interest,
<br />9- er,d.c sba,: -nza � regQised to commence proceedings against ;2r. y successor in interest or Te7t!c4 1,47• eren f Nine "tit-
<br />psyT— ronazr ) :!iaw -m.- V1-odify amort ization of the sums secured ASR S.:u61,.4 Iry rrament b5 reason oFanr,3' n4 imams
<br />by zh-e ern pma3 &- �Tzrow.T M Borrower's successors in interest. A% > . ,tw r urwe Cog. Lender i n exeni—SMS am; Ught oz T� Qki1:
<br />s+han see d e Raj%er cf.oT pmeiude the exercise of arty right or retti oir -
<br />DD. Sounaaessws amt A:ssygs 8*0t . Joint TM& &,Feral I.ialbiUOu --; 0i -i@pa � The e �ke� .t its aea� a� rear rr+�: yi
<br />this S :wri yL�w c��a:ac s> ^alL f *rr,� s�;,i i�au, t the successors and assigns of Lender and Borrower. sulT)wt to taw pn3 v:w -,,ms
<br />�Cpa 4 .9 i:''. & rwwer s vuenwts and agreements shall be joins and several. Any Borrower who co-signs this Sec=t¢
<br />Insim. -n :tt ;'art dues ice execrate 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 this 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. Loan 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 to
<br />connection with the loan exceed the permitted limits. then: ia) any „tv 1 loan charge shall be roduced 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 he 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 />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mad to Lenders address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law. Severability. This Security Instrument shall be governed by federal law and the law of the
<br />iurisdietion in which the Property is located. In the event that any provision or clause of this Security instrument or the
<br />Note conflicts with applicable law. such conflict shall not affect other provisions of this Security instrument or the Dote
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security instrument and da
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. [fall 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 ac of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice ,hall 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 sumswcured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may m%oke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />M. Ronower's Right to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to have
<br />uoforc moan of this Security instrument discontinued at any time prior to the earlier of (a 15 day s (or such other period ay
<br />applicable. Wu may specify for reinstatement) before sale of the Property punojant. to any power of sale contained tn. rh.6,
<br />5cw7irii' }'Gt�si niix[ent; or (b) entry of a judgment enforcing this Securty lrtm-nirrni7, t. Thrne condition, are Oiat ©arrrlar_r.-
<br />(a) pays Loi(Ser all sums which then would he due under thts Security EnMrurnent and the `Dote had rw accelecaraan:.
<br />occurred; (b). cures any default of any- other covenants or agro.- meats. (c) pays all expenses incurred in enfort.-icg t'+sus .
<br />Security Instrument, including, buf •nut lmiited to. reasonahe irr,. me)s fees: and (d) takes such action as fester: cr,Ly
<br />reasonably require to assure that the lien of rhts Security Instrument. Ceoder'� rights to the Property and fl- zrratcer s
<br />obligation to pay the sums secured by this $Lcunty: Ln., miment ,hail tonbaue unchanged. Upon nnn,4tsrement by
<br />Borrower. this Securty Instrument and the saaI1 miniun fully eflecme as if no acceleration had
<br />occurred. I-Eowever• this right to reinstate shall not apply to the cLV: ofaccelervuc•n under paragraphs 13 or 17.
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