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<br />90- 107221
<br />If lender required mortgage insurance u a condition of making the loan secured by this Security Inurument.
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminatm in accordance with Borrower's and Lender's written agreement or applicable law.
<br />g. lagactlea. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall gite Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Coadetaaadon. The proceeds of any award or claim for damages. director consequential, in connection with
<br />any condemnation or other taking of any pan 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 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 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 />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance sW be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized 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 aw then due.
<br />Unless lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthty payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Rekased: Forbearance By Leader Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrowers successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by theoriginal 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 />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. 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 shrill he 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 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 he collected in
<br />connection with the loan exceed the permitted limits. then: (a) any such loan charge shall be reduced 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 be treated ass
<br />partial prepayment without any prepayment charge under the ;Vote.
<br />13. Legislation Affecting (sender's Rights. If enactment or end iration of applicable laws has the effect of
<br />rendering any pro, ision of the Note or this Security Instrument unenforcea tile according to its terms. Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Secunt) Instrument and may invoke any remedies
<br />permitted by paragraph 19.1 f L,cndcer exercises this option. (Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. :Notices. Any notice t o Borrower provided for in this Security Instrument shall he 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 mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security In- orument 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 he governed by federal law and the law of the
<br />jurisdiction in %%hide the Proper} n located. On the event that any prv%ision or clause of this Securary Instrument or the
<br />Note conflicts with applicable law, such contlia shall not affect other Pn`%pion+ of this Security Instrument or the Note
<br />which can be given effect tstnl:oui the conflicting provision To this end the provisions of this Security lastrument and the
<br />Noteare declared to N ses•trable
<br />16. Borrowe'r's Cnpa. fir,rrouer %hall be green one Lon6srmed errs r" tb: ` " and rd this sect —r) h ::r. urnent
<br />17. Transfer of the Property or a Beneficial Interest in Horroviier, it aD „r au) pan .,t the Prrpert% er •am
<br />interest in it isseW or iransferredkir da beneficial interest in Hot-rower is solar or transferred and Borrostcr a not a natural
<br />person) without Leitaer's prior Written content, Lender ma), at us opiior•. -egwre immediate payment in full of all sums
<br />secured by this Secunty lus-mirsent. However, this opu,,a ,hal: not he :xeicised h) Lender if exercise is prohibiuM h)
<br />federal law aso(thedatrofthu>rcurity Instrument.
<br />If Lender exercise.; this option, Lender shall Foe Borrower notice C. acceleration. The nonce shall provide a rnnod
<br />of not less than ?p drys from the date the notice n delis Bred or marled witihiv which Horrowcr must pal ill %um, secured by
<br />this Secunty Instrument. If Borrower fad, to pay these wnn prior to rho expiration of thi . pertod. Lender may m%oke any
<br />remedies permuted n. lilt, Secunis iii,ii uiiicn, waul.ii. ,u,,,,... �,. : : : : :. :....::::..,..�..... er :•,,�.
<br />IS. Borrower's Riot to Reinstate. If Bornmer mccl, certain condition,. M,rr, wer .hal( have the right to have
<br />enforcement of thrs Sceunr) Instrument disumtinued at an) tune priof to the carper o rap a ao%,% for such .-ther period as
<br />applicable law Lnjy specify for rei- Imalement) befoore wle ,+f the Property rtir,u.-ni to an) p„v►er • •f ,ale .ontained in this
<br />Security Instrument; or (h) entr) cif a judgment enforcing this Sc+uriry fmtrum _nit l hose cond,rions are Char Wrtouer
<br />(a) pays Lender all sums w�hwh then viould he due under this Secunty Itntrument and the Note had no .i,celerition
<br />occurred. tM cures an) default Witty other cinenanls of agreements. lc) pass all evpcnos incurred in ,- rhirc;ng this
<br />Secunty Instrument, nicluding, but not limited to. reamwahle attorno)s' fees. and id) take, such action is Lkaider ma)
<br />reasonably require to assure that the hen of this Sccuntt Instrument. Lender's rights ns the lrropert) and Horrouer's
<br />obligation to pa) the sums secured by this Secunty histrumeni shall Lontinue unchanged l'pon reinstatement M
<br />Borrower, this Srcurn) lnstrumrnt and the obligations secured hereby shall remain fulls eflectne as d no acceleration had
<br />occurred. However, this night to reinstate shall not apply in the case of acceleration under parawaph, 13 or 1 '
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