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, <br />r„ <br />^ C'�f j J. �'r•'� <br />Ylip <br />. go-- 100854 <br />if Lander rsqulnd mtortgeg l Irtsaance se a condition at fllakkng the ban mired by the Security Instrument. Borrower shall pity the <br />=. <br />prerdara regained to MWAM the h&tsanw in okd ung WOh dill es the requMenmern fait the inwtanae Isrminatits h accordance with <br />Borrower's and Ls @cuts wdttsn aptam ml or applicable few. <br />e. Inspeatlon. Lender or No agent may make moon" entries upon and Inspection& of the Property. Lender shad Alva Borrower <br />notice d the tine of or prior to an inspection specifying reasonable cause for the Inspection. <br />=_ - <br />8. Condemnation. The proceeds of any award or oWm for damages. direct or oonsegwntW, in connection with any condensation <br />or other taking of any part of the Property. or for conveyance in You of condemnation. we hereby assigned end shall be paid to Lender. <br />In the want of a tote) taking of the Property. the proceeds shat be applied to the sums secured by this Security Instrument, wiwlher <br />or not then due, with any excess paid to Borrower. In the event of a part41 taking of the R•opsrty. unless Borrower and Lender olharwt&e <br />-- <br />Ogres In writing, the sums secured by this SeonmNy Instrument shed be reduced by the arnount of the p muNlplied by the following <br />faction: (s) the totrd amount of the sums maned Immediately baton the taking. divided by (b) the tat rnedtel value at the Property <br />immadlatsly before the 90*4 Any balance shall be paid to Borrower. <br />it the Property is abaadaad by Bommer, or N, after notice by Lender to Borrower that the condernim offers to make an award or <br />saute to Winn for daeagas, Borrower fags to respond to Lender within 3o days after the date the notice is gkvw Lender is authodad to <br />--- - <br />catgct curd eppfy the procesds, at its opdm slther to ratorstion or rilpeir of the Property or to the sums searr+sd by tins SoewYy <br />•c <br />— <br />date of the monthly paymo nla referred to in paragraphs 1 and 2 or chage tM erwunt of such payments. <br />10. Borrower Not Released; Forbearance By Lender Not a Walver. Extension of the lime for payment or modflicstim <br />of amottiutlon of the sums secured by this Security Insirument granted by Lender to any successor in interest of Borrower shall not <br />. go-- 100854 <br />if Lander rsqulnd mtortgeg l Irtsaance se a condition at fllakkng the ban mired by the Security Instrument. Borrower shall pity the <br />=. <br />prerdara regained to MWAM the h&tsanw in okd ung WOh dill es the requMenmern fait the inwtanae Isrminatits h accordance with <br />Borrower's and Ls @cuts wdttsn aptam ml or applicable few. <br />e. Inspeatlon. Lender or No agent may make moon" entries upon and Inspection& of the Property. Lender shad Alva Borrower <br />notice d the tine of or prior to an inspection specifying reasonable cause for the Inspection. <br />=_ - <br />8. Condemnation. The proceeds of any award or oWm for damages. direct or oonsegwntW, in connection with any condensation <br />or other taking of any part of the Property. or for conveyance in You of condemnation. we hereby assigned end shall be paid to Lender. <br />In the want of a tote) taking of the Property. the proceeds shat be applied to the sums secured by this Security Instrument, wiwlher <br />or not then due, with any excess paid to Borrower. In the event of a part41 taking of the R•opsrty. unless Borrower and Lender olharwt&e <br />-- <br />Ogres In writing, the sums secured by this SeonmNy Instrument shed be reduced by the arnount of the p muNlplied by the following <br />faction: (s) the totrd amount of the sums maned Immediately baton the taking. divided by (b) the tat rnedtel value at the Property <br />immadlatsly before the 90*4 Any balance shall be paid to Borrower. <br />it the Property is abaadaad by Bommer, or N, after notice by Lender to Borrower that the condernim offers to make an award or <br />saute to Winn for daeagas, Borrower fags to respond to Lender within 3o days after the date the notice is gkvw Lender is authodad to <br />--- - <br />catgct curd eppfy the procesds, at its opdm slther to ratorstion or rilpeir of the Property or to the sums searr+sd by tins SoewYy <br />Instrument, whadw or not Ow der. <br />Unless Lander and Borrower otherwise agile in vW619. any application of proceatu to principal shall not extend or postpone the due <br />— <br />date of the monthly paymo nla referred to in paragraphs 1 and 2 or chage tM erwunt of such payments. <br />10. Borrower Not Released; Forbearance By Lender Not a Walver. Extension of the lime for payment or modflicstim <br />of amottiutlon of the sums secured by this Security Insirument granted by Lender to any successor in interest of Borrower shall not <br />operate to release the tabtdy of the original Borrower or Borrower's successors In Interest. Lender shad not be requited to commonco <br />y • '- °_= -: <br />proceedings against any successor in interest or refuse to extend the for payment or otherwise me* anmoAlratlon of the sums secured <br />i <br />by this Socu ty Instrument by reason of any demand nude by the original Borrower or Borrower's successors In interest Any forbearance <br />., .tip ;- ;' ' .;;:.• -, <br />by Lander in exercising any right or remody shelf not be a waiver of or prectmrde the exercise of any right or remedy. <br />MW— <br />- s- <br />11. Suoeessore and Assigns Bound; Joint and Several Uability; Co-signers. The covenants and .greerner+ts of <br />. ;, { <br />this Security Instrument shat bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph <br />_ <br />17. Borrower's covenants and agreements shelf be joint and several. any Borrower who co -signs this Security Instrument but does not <br />execute the Note: (a) Is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's Interest in the Property <br />under the to., of this Sec my Instrument; (b) Is not personally obYpated to pay the suns secured by this Security Instrument; end <br />:,' <br />(a) agrees that Lender and any other Borrower may agree to extend, modiy, forbear or make any accommodations with regard to the <br />•,5 Al <br />terms of this Security Instrument or the Note without that Borrower's consent. <br />- <br />12. Loan Charges. 11 the loan seared by this Security Instrument Is subject to a law which sets maximum ban charges, and <br />n.. <br />that law is finally interpreted so that the interest or other Ian charges collected or to be collected In connection with the ban exceed <br />the permfNed limits, then: (a) any such loan charge shed be reduced by the amount necessary to reduce the charge to the pemtltted Arnit; <br />v ' <br />and (b) any sums already collected from Borrower which exceeded permitted limits wig be refunded to Borrower. Lender may choose to <br />make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. It a refund reduces principal. <br />the reduction will be treated as a partiel prepayment without any prepayment charge under the Note. <br />13. Legislation Affecting L.endees Rights. it enactment or expiration of applicable laws has the effect of rendering any <br />j. <br />provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option, may require imwnediate payment <br />In full of d sums seared by this Security Instrument and may Invoke any remedies permitted by paragraph 19. If Lender exercises this <br />option, Lender shelf take the steps specified In the second paragraph of paragraph 17. <br />14. Notioss. Any notice to Borrower provided for in this Security Instrument shag be given by delivering it or by malting it by firat <br />class mad unless applicable low requires use of another method. The notice shall be directed to the Property Address or any other address <br />Borrower designates by notice to Lender. Any notice to Lender shag be given by gust class mall to Lender's address stated herein or any <br />other address Lender designates by notice to Borrower. Any notice provided for N this Security Instrument shell be downed to have been <br />given to Borrower or Lender when given as provided in this paragraph. <br />IS. Governing Low, Severability. This Security Instrument shag be governed by federal law and the law of the jurisdiction in <br />which the Property Is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable <br />law, such conflict sholl not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting <br />provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. <br />16. Borrower's Copy. Borrower shag 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. It all or any part of the Property or any interest <br />In it is sold or transferred (or N a beneficial Interest in Borrower Is sold or transferred and Borrower is not a natural person) without Lender's <br />prior written consent, Lender may,at its option, require Immediate payment In fug of erg sums secured by this Security Instrument. However, <br />this option shad not be exercised by Lender N exercise Is prohibited by led" law as of the date e. this Security Instrument. <br />It Lender exerdses this option. Lender shag give Borrower notice of acceleration. The notice small prcvk)e a perfect of not less than 30 <br />days from the date the notice is delivered or mailed within which the Borrower must pay all sums secured by this Security Instrument. 11 <br />Borrower logo to pay these sums poor to the expratacn of vnis period. Lender may invoke any temedes permitted by this Security Instrument <br />without further notice or demand on Borrower. <br />113. Borrower's Right to Reinstate. it Burrower meets cenann conditions. BOMWe! sonar have the right to have enforcement <br />of the Security Instrument discontinued at any toe prior to the earlier of: (a) S days (or such c- ~er period as applicable law may swity for <br />rerrsuternnertV before safe of the Property pursuant to any power of sale containec in this Security Instrument: or (b) entry of a judgment <br />enforcing i" Secur:rn i- strument. Those conditions are that Borrower: (a) pays Lericbe, all sums which then would be due under this Security <br />Instrument and the Note had no acceleration occurred: (b) cures any default of any other covenant or agreements: (c) pays all expenses <br />incurred in enforcing this Security Instrument. rck idng. but not hotted to. reasonable attorneys' fees. and (d) takes such action as Lender <br />nay reasonsbty require to assure that the hen of this Securely Instrument. Lender's rights in the Property and borrowers oohgabon <br />to pay the sums secured by this Security Instrument shag contrwe unchanged. Upon reinstatement by Borrower, this Security Instrument <br />and the obbp dons segued hereby shag remain fully effectae as d no acceleration had occurred. However. this right to reinstate shad not <br />apply in the else of accelmdon under paragraphs 113 or 17. <br />i <br />'1316 C11 (001701 <br />i• <br />1019000A <br />page 1 of • <br />