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( ,r J. •� N i a, 1 'I• C 4,• /C�ly 90- 406885 N Lender required msdgape Insurance as a oondton of making the loon seoumed by the Security Instrument, Borrower shelf pay the preatlhwm MP *W to maintain the insurance in gilled umt such dM as the reglaksrMd for Use hsursnoe twmbwn In a000rdenoe with Bomwees and Lenders writers agreement or applicable law. 8. Intapectlon. Lander or No agent may make reasonable ankles upon and Inspedtons of the Properly. Lander shall give Borrower notice at the this of or prior to on Inspeollon speoNyklg reasonable cause for the Inspection. 9. Condemnation. The proceeds of any award or dmkn for damages, dined or consequential, In connection with any conderrvM- iion or othw taking of any part of the Property, or for ootwsyence In tern of condom ilon, we hereby assigned and siW be paid to Lander. In the event of a total taking of the Property, the proceeds shelf be applied to the sums segued by this Security Instrument, whether or not then der, with any excess paid to Borrower. In the event of a psAUl Wring of the Property, unless Borrower and Lander otherwise spree in writing, the awns secured by Ihts Security Instrument shag be reduced by the amount of the proceeds multiplied by the following Inaction: (a) the total amount of sums secured Immediately before the Wring, divided by (b) the bar market value of till Properly itnmedlatey before the taking. Any balance shelf be paid to Borrower. If the Properly is abandoned by Borrower, or N. Oft rmONG by Lender to Borrower that this condemnor offers to make an award or goals a Galin for duriages, Borrower tails to respond to Lender within 30 days after the date the notice is given. Larder Is authorized to collect and apply the proceeds. at Ns option, either to restoration or repair of the Property or to the soma secured by this Seamty Instrument whether or not than due. Unless Lender and Borrower otherwise agree In writing, any application of proceeds to principal shall not emend or postpone the der delta of the monthly payments nign to in paragraph 1 and 2 or charge the amount of such payments. 10. Borrower Not Released; Forebearance By Lander Not a Waiver. Extension of the time for psymem or modNl- cation of amortization d the sums secured by this Security Instrument granted by Lander to any successor In interest of Borrower and not operate to refuse the lability of the original Sommer or Borrowers successors in interest Lender shelf not be required to commence proceedings against any successor in Interest or re fuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in Interest Any forbearance by Lender In exerdsing any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 11. Successors and Assigns Bound; Joint and Several Uability; Co- signers. The covenants and agreements of this Seedy Instrument shelf bind and baneGt the successors and assigns of Lander and Borrower. subject to the provisions of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant. and convey that Borrowers Interest In the Property under the temps of this Security Instrument; (b) Is not personally obligated to pay the sums seared by this Security Instrument: and (o) agrees foal Lander and any other Borrower may await to a4end, molly. forbear or make any accommodations with regard to tames of this Security Instrument or the Note without that Borrower's consent 12. Loan Charges. 11 the loan secured by this Security Instrument is subject to a law which sets maximum Ion charges. and that law is finally Interpreted so that the Interest or other loan charges collected or to be collected in connection with the loan exceed the permitted Whits, then; (s) any such loan charges shall be reduced by the amount necessary to reduce the charge to the permitted Werth; and (b) any sums already collected from 13crrower which exceeded permitted limits will be refunded io Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. 11 a refund reduces principal, the reduction will be treated as a partial prepayment whho:.: any prepayment charge under the Note. 13. Legislation Affecting Lender's Rights. if enactment or expiration of applicable law has thn effect of rendering any provision of the Note or this Security Instrument unenforceable according to Its terms, Lender, at Its option, may require Immediate payment In full of all sums seared by this Security Instrument and may Invoke any remedies permit by paragraph 19. If Lender exercises this option, Lender shall take the steps specified In the second paragraph of paragraph 17. 14. Notices. Any notice to Borrower provided for in this Sealy Instrument shag be given by delivering it or by maiWmg it by first class man unless applicable law requires use of another method. The notice shag be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lander shall be given by first class mall to Lenders address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for In this Security Instrument shall be downed to have been given to Borrower or Lender when given as provided in this paragraph. 15. Governing Lave, Saverability. This Security Instrument shag be govern-ad by federal law and the taw of the jurisdiction In which the Property is boated. In the went that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shelf not affect other provisions of this Security Insm;rnent or the Note which can be given effect without the conflicting provision. 7o this end the provisions of this Security Instrument and The Note are declared to be severable. 16. Borrower's Copy. Borrower shag be given one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property or a Beneficial interest in Borrower. if erg or any part of the Property or any Interest In It Is sold or transferred (or it a beneficial Interest In Borrower Is sold or transferred and Borrower is not a natural person) without Lenders prior written consent. Lender may, at its option, require Immediate payment In full of an sums seared by this Security Instrument. However, this option shag not be exercised by Lender N exercise Is prohibited by federal law as or the date of this Security Instrument. It Lender exercises this option. Lender shag give 'Borrower notice of acceleration. 'fine notice snail provide a period of not less than 30 days from the date the notice Is delivered or mailed wilhir which the Borrower must pat, all sums secured by ibis Se.utiy Instrument. If Borrower fags to pay these sums prior 10 the expiration of this period, Lender may invcke any remedies perme:ec' by this Security Instru• rnent without further notice or demand or. O rrower. 18. Borrower's Right to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to have en•oroement of this Security instrument discontinued at any time prior to the earlier rut. (a) S days (or such other period as applicable law may specify for reinstatement) before WE, 0 The Property pursuant to any power of sale contained in this Security Instrument; cr (b) entry of a judgment enforcing this Seeurls Instrument. Those conditions are that Borrower. (a) pays Lender all sums which then would be due under •w{. a....aw, r...w............w !w. Mora Anil nn •�rorrratinn nr•currnd• rtrl cirrea env default of env other covenant or a9rlernents: (C) pays erg expenses Incurred In enforcing this Secuoty Instrument. Including Cut not limited to, reasonable attorneys' fees: and (d) takes such action as Lender may reasonably require to assure that the lien of this Security Instrument. Lender's rights in the Property and Borrower's cbP.g- ation to pay sums secured by this Security Instrument nha7 continue unchanged. Upon reinstatement by Borrower. t'+s Security instruument and the obligations secured hereby shag remain fully effective as if no acceleration had occurred. However, this right to reinstate shag not apply In the case of acceleration under paragraph 13 or 17. r r4cn coefr0i 9210046 ° a W oo9 -1iai SN4.h.f•:.- -. - ^ - -. F i • r ,.1