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<br />89'"' 105475
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement far the
<br />— — - -- - 11tSUraAC�tfrR' ttltaTeSnt�CL�TQancr with Borrower 's=rid1endcr5wsiitcira� --
<br />f!, Impectias. .Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower tic itke at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. -C'ebkmat�w. The proceeds of any award of claim for damages, director consequential, in connection with
<br />any conderaruttion or other taking of any part of the Property., or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />in the event of a total taking of the Property, the proceeds sh4l be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event 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 />ed' 1
<br />the amount of the proceeds multiplied by the foilvwtng fraction: (a) the total amount of the sums secunu iaim rate y
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any baLaii:°e shall be
<br />paid to Borrower.
<br />If :r se Property s abandoned by Borr ; or if, after notice by`lEavWer to Borrower that i ire' it r6rc :offtts to.:':. :
<br />es > ' sverfaiI it it sspor► tit�lr 'ndeir within y °.7.— _ ' "- _,'•,' ...
<br />�S, e�•?r..e J,Qi; g r W 30 days ai ;.'•.ti. s; c..ttce is, :; :._
<br />€ , rya Ltn3#er is au& tittcio 1Aa nd ip r :ate proce it z' .� i ice, tither to rift ation or tt pair of t%tir L?>so fZerty or
<br />tiothe sum securedti±yi(i, Se +< i "trun u, iitt3�er¢vrtao t a tic
<br />! d in wrirSl '.�qAT. l shall nat eM, enor'
<br />Unless Lestde+c wy otherwiset i ' T
<br />r,
<br />! :::.'postpone the due dot ii iri:;et r L; payments; Oerred to in
<br />p r ates ' ± 2 or change tha ; �: of such payments:
<br />lsoirroWtr' llet:Rett an* Fit By Lt e&r 'hut * Furrier. Extension of .tom .i7me for payment or. i
<br />`Atodificatiat of amarf cation of the sums secured by this Securitc C .lment granted by Ler.&nto any successor in :
<br />`' interest c�>iciruwer.shall not operate to release the liability of the original Borrower or Borrowe6saccessots ininterest.
<br />Lender shall not be required to commence praceedings against any successor in interest or refuse to extend time for
<br />payment ar otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />It. Sweem on mW Ase4m BmuWk Joint mW Several Liability: Ctrailptem The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />instrument but does not execute 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 Borrowtes consent.
<br />12. Lotto (,Movies. If the loan secured by this Security Instrument is subject to a law which sill maximum loan
<br />charges. and that law is finally interpreted so that the interest or other loan charges collected or to be colluded in:
<br />connection with the loan exceed the permitted limits. then: (a) any such loan charger shall be reduced by the amount,
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from $ormwcr 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 be treated as a
<br />partial prepayment without any ;5,rtpF anent charge under the Note.
<br />13. Legislation Affecting Leu&r'is Rights. if enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Sr ivhty Instrument unenforceable according to its terns, Lender, at its option,
<br />may require immediate payment in full of all Sunis secured by this Security Instrument and m zy- invoke any-remedies
<br />permitted by paragraph 19. If Lender exercises this option. Lender shall take the steps specified i *.,. elf: second Paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security instrument shall be gj-- :n 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 mail to Lender's address Stated herein or any other address Leader 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. Goversing Law; Severabilfty. This Security losirument shall be governed by federal law and file law of the
<br />jurisdiction 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 Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security instrument and the
<br />Note are declared to be severable.
<br />16, Borrower's Copy. Borrower shall be given one conformed copy cif the Note and of this Security Instrument.
<br />17. Transfer of tim Property ors Beneficial Interest in Borrower. If all 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 />secor*f by this Security Inst However. this option shall not be exercised by Lender if exercise i•, y,tiahibited by
<br />ftc r* of &4-t* asof the irate of this St:urity Insi s*urnent.
<br />tr? f�ertder r;v'zxii "yes this crTion. Lender shall give Borrower nccieA =1f acceleration. The a peMA --
<br />uf »i+� lix.. than 30.* tifrom ihedaie the notice n deln•eref or mailed vrithin which Burrower an&_±l.pzj e114 11,
<br />this 4 i+ say Instrument. If gwriAver fails to pay these: uUti.t l?r:,,r If) the expiratia;t i.f"il�is period. - Ceode` rrraty ii. *,o :iisc :.i by .
<br />remedies permitted by this security Instrument demand an Boiisowcr.
<br />10. Borrower's Right to Reinstate. t''E W..irrower tneets certai•31i! pndittons, linrruwer il•aifh ! nave the right to t :4�e
<br />enforcement of this Security Instrument dischiltinued at any time prior t(? the• either of: (a)5 dal.,c i,r,r such other period a .
<br />L applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale coniatined in this
<br />Sccunfy instrument, or (b) entry of a judgment enforcing this Security Instrument Those conditu+nc.are that Borrower:
<br />(a) pays Lender all sums which then would be due under this Security Inurument and the dote had no acceleralum
<br />(i;.•curred. (b) cures any default of any other col wants or agregnnent% (c) pays all exhewcs incurred in enforcing tits
<br />Scium) Inmronteiii, including, but not limited to. reac(inable attorncy%' fees. and (d) takes tiuch action ati Lender tma}
<br />reasura171y rctluire to assure Mar the lien of this Security Instrument. I.endei, tittl+t� in the Nroperty and F10-.ro%vcr%.
<br />+,N1cR : +nt, to to pap the cants secured by this Scuunty ln%liumeut shall ct't+Fhtu+e w1ch'tngett Upoll iellmatcmcnt 1 +y
<br />lk imAer, this Isecuriiy Instrument aria the tkbligationy secured h:rehp %h,all rcrrt :nit lidiv efTeel+te es dn„ lie crletati ui had
<br />i+ccurrcd Ifoueset, this, right tri teim.tate 4ball toot apply in the L ace+ :'a c€sr,,t[kill +infer i"u aa•iaphs 1 t •}t € 7
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