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f <br />89- 1052'77 <br />U Leader required rnWgW insuraaoe as a %AARPA goo of.malrinj the loan secured by this Security Instrument, <br />Swim= the prat+ mm required to aaainuda the insurance in eFect until such time as the set;uir anent for the <br />it Mir catw0hinaiftin adcbtndanoe with BorrawWa Sad L:eoder's written agreement orappheabk law. <br />61. LtasBittiarti., at its &NMI may snake rusotttrltle entries upon and iatpectionti of the Property. Lender <br />_ _ <br />- - -- ------ �r"��ncwv�i<v..anv«wiia�imRwof; pesos <co71r1i1�eCt1t11t:�lQGliyin` , - -- - - -- - -- - - - -- -- -- - - ---- <br />GatlswSaatiaa. <br />lug roceeds of Say award or claim Fix daniMm direct or consequential, in connection with <br />any cmdpnaation or other taking of my part of the Property. at for conveyance in lieu of condemns are hereby <br />sifrrt�l +sadattallbeprtidto>€�r-aar. .. .. _ <br />La the tveat of a total lacing of the Property, the proceeds shall be applied to the sums secured by this SecurAy <br />Itattar"K-wbtxha or mg then dart, whit any eatossa paid to Botrowa. In the event of a partial %Meg of the Property, <br />unkes Borrower and Lesadet 00* *w agree is writiigg, the sums secured by this Security Instrument shall be reduced by. <br />ibe wow of the proceeds maltilibed by the Wowing fraction: (a) the total amount of the aunts secured immedWely <br />before the takin& divided fry (b) the fair market value of the Property immediately before the taking. Any balance ttbsll i}e <br />pads to Baro�rer. ` <br />If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemoir•oA'tirf 16, <br />wake as award Or Settle a doge for daituiam Borrower full to respond to Lender within 30 days after the dale the rtdi�ca -i -, <br />liven, I.eytderisatttbotizedtocoilect and apply the proe, eeds. at its option. either to restoration or repair ofthe Property or <br />tothesumssecured bytbisSecur4Itu mment. whedwor not then due. <br />Usleas I.eaderOW UNIoaraotherwise ogee in wrigtts, any application ofpruceeds to principal shall not extend or <br />postpone the due dsaeof the satomhly payments referred toin paragraphs 1 and 2 or change the amount ofsuch.paymeaa. <br />10. latrrawatr Nat ftlemse* Fiabaar a Dy Loafer Not a Waiver. Extension of the time for payment or <br />modiicatim of amortizations of the sums secured by this Security Instrument granted by Lender to any sumerrsor in <br />inttrat ofBorrower shall act operate to release tbe�liability of the original Borrower or Borrower's successors in interest. <br />I eader shall not be required to commence poweeddngs against any successor in interest or rdwe to extend time for <br />payment or otherwbe modify amortizabn of the sums secured by this Security Instwment by reason of any demand made <br />by the orWW borrower a Borrowers sttccessora in interest. Any forbearance by Lender in exercising any right or remedy <br />shall not be a waiver dor pts+dwk the exercise of any right of reatedy <br />11. Saeestaasa a>t1 Astipa �aM: JMat w Sevarai UdAk -,, Crstpen. The covenants; and agreements of <br />this Security Isstrnwatt sbUbi nd and bmelit the succenors 00suisigns o(Leradrr and Borrower. subject to the provisions <br />ofparagrapis 17. Borrower's cov aunts and ageveinentsd all be joimu d several. Any Borrower who co -signs this Security 4 <br />Insitvmmt bet does not execute the Note: (a) is coasgning this Security Instrument only to mortgage. grant and cxxrvcy that Borrowers interest is the Property 1, the terms of this Security Instrument; (b) is not Wsondly obBgated to pay <br />ethe swan secured by this Security Instrument; and i4 agrees that Lerida and any outer Borrower may agree to exten4 <br />modify, forbear or ttaake say accommodations with regard to the terms of this Security Instrument or the Note without <br />that Bonvwert's consent. <br />1Z Least Cha 1ps. If the loan secured by this Security litmiuntent is subject to a law which sets maximum:, <br />clugsk and that law is 6W1y interpreted so that the inteng or other loan cbsrges collected or to be collected -br <br />coast aim with the loan tweed the permitted limits, then: (a) any such loan charge shall be reduced by the am' M" t: <br />aaeeasary to reduce the clue to the permitted limos, atsd (b) any sums alrea* collected from Borrower which exceeded <br />ptarmlitted limits will be rtiianded to Borrower.1,00ar. may choose to make this refund by reducing the principal owed <br />under the NmrOxy makq a direct payment w Sormwer, if a refund reduces principal, the reduction will be treated as a <br />partial prepalr wWt without any prepayment charge tender the Neale. <br />13. `GeMeake AfLreft Laiaiees � If etu�ctaoeru or,expintion of applicable laws has the effect of <br />roweling say provision tithe Note or this Security barmmentunenforceable aecordingto its terrors, Lott- o, at its option, <br />way regwre immediate payment in full of all suite, Wired by :this Security Instrument: and may invAt any remedies <br />permitted li paragraph 19. If lender exercises this option. Lead+bc ihsll take the steps s pedAiad in the second paraMIsh.of <br />14. Nedese. Any rAxice to Borrower provided (Orin the -$ ecurity hat t( imeni shsh be given by delivering it or by <br />misfiling it by tint class tWt unless applicable law requires use of another mohad. The notice shall be directed to the <br />P�czp,erty -Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by - <br />Ante riitss trtail to <br />'address stated herein or any other addteas Lender designates by notice to Borrower. Any notice <br />prcri deli for ins this Security Instrument shall be deemed to hay a hma. given to Borrower or Lender when given as provided <br />it this paragtrVh, <br />15. GMaraisrg L.atr, Severaltllity. This Security Instrument shall bo govemed by federal law and the law of the <br />jt kdiction ire wlpcb the Property is fticate I. In tbicevptst that any prrjwumt-or clause of this Security instrument or the <br />Note eowlicts with applickk law. such conflict ",dot affect ahi v prnv<<rtears of this Security Instrument or the Note <br />which tmtt be given etlrect without the conflicting provisiop. To tbiw 1, end the provisions of this Security Instrument and.1he <br />Note are declared to be severable. <br />1666 eeSrawar's CNy. Borrower shall be even one conformed copy. of the Note and of this Security Instrument. <br />17. Tr=L* at tk PMWV err a BaaekW Iaterat le Borrower. if all or any part of the Property or any <br />interest ins it a strb or trstiderred (or ifa beneficial interest in Borrower is sold or transferred and Borrower is not a natural <br />person) w Wmt leader's prior written consent. lender tray. at its optan, 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 lawns of the date ofthis Security Instrument. - - <br />If lender cunises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period <br />of not loss 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 />rtrtasdas, permitted by "Security instrument without further notice or demand on Borrower. <br />IB. Doen wWa Ri jot to Ra uaft. If Borrower meets certain conditionL% Borrower doll have the right to have <br />enroncement of this Security Instrument discontinued at any time prior to the earlitr of. (a) S days. (or such other period as <br />L applicable law Stay specify for reinsusementl before sale of the Property pursuant to any power of sate 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 be due under this Security Instrument and the Votr had no acceleration <br />occurred. (b) cures any ddauh of any other covenants or agreements. (c) pays all expenses incurred in enforcing tlnc <br />Security ilastrurnent. including. but riot limited to, reasonable attorneys' fees. and (03 take% such action as Under may <br />resaonsbiy require to assure that the lien of this Saunty instrumenr. Lender's ngh!s in the Property and Botrower's' <br />dAtatiori to pay the sums secured by this Security Instrument shalt continue u*.cha;iged t.'pen rarrtatemrrt by <br />Awtower. tiara. Security instrument and the oblgatiorns secured hereby shall remain fully effc.tive as if had <br />cKturred Rowertr, this right to retnststeshall not apply to the ease of acceleraston under paragraphs t s or t? <br />