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<br /> � 89-- 1OG165
<br /> � It'Lender requ�red mrrtgage m�urasice aa a .�►ndn�..,n.,f ma6�n¢ the Ic�an cecured t►�• thtia Security in�tiument,
<br /> B��rra�r�c s tihq11 pay t6e prem:ums requurd t��ma�ntain thc insuranre►n effect un��l such timr zc the requirement Pi�r the
<br /> �nsuranc�term�nate�in acrnrdancz w ith Hnrrrn�•�r's a��d I.e�tiler'�t������er�agcecntent r�appiicahte l���•
<br /> 8, Inspection. Lendcr�r its ngent ma}� make reasonable entnes u�n and inspec4ons�,1 Ihe Prcpeny. Lender
<br /> ' shs�ll gi��e�arrower notice at the E�me of��r p�n�r t�t un ins�:ction�rrciP�•i�ig reasan;�ble e�use P�*r thr ins�rti�m.
<br /> 9. Condemnatton. The procred�nf an} aw�ard�r claim for damages,d�re.t��c�cros�quenlial,in connection�vith
<br /> a�y cundemnation or othe� taking ��f�ny part rf the Propc�cty, �,r f��r comey�an�e �n I�ru os c.�ndemttation, are hereb}•
<br /> assigned and shall he pa�d to I.ender.
<br /> In the event of a total taking of t he ProF+erty. the proceed.yhall t+e appt�ed t.�ihe sums cecured by this Security
<br /> Instrument, whether�r n�t then due,w�ith any excess psid to 6orc�1w�rr. In the e��nt of a paflinl tnking oP the!'ropeny.
<br /> unl�ss&�rrower�nd�.ender otherw�se agree in wviting,che surn3 securcd hy this Securit�� ln�trument shall be reduced by
<br /> the amount of the Frexeeds multiplied by tre foltowing fract�on: (�)�h�tntul amount of the sums secured immediately
<br /> beforc the taking,divided by(b)the fair markea��lu�of the Property immediately b�fi�re the taking.Any balance shAU be
<br /> paid to Borrower.
<br /> lf the Praperty is aba�daned by Borrou�er,or if,ufter not�ce b�• Lender to Bormw�er that the condemnor offers to
<br /> mal�e an�ward or settle a claim For damages, E�orrower fails to respond to Lender a•ithin�0 day�s after the date the notice is
<br /> given.Lender ix authorized to collect and ap�+ly the proceeds.at its option,either to restaratian ar�epair of'the Property ur
<br /> to the sums secured by ihis Security Instrument,whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing,any application of praceeds to pri�cipal shap not et¢en�d or
<br /> postpc�ne ihe due date of the monthly payments referred tu in paragraphs 1 and 2 or change the amount of such payments.
<br /> 10. Sorro.rer Vot Relestsed; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br /> modification of amortization of the sums secured by this Security lnstrument granted by Lender to any successor in
<br /> interest of Horrow•er shall not operate to release the liability of'the original Borrawer or Borrow•er's successors in interest.
<br /> Lender shall not be required to commence proceedings ngainst a��y successor in a�terest or refuse to extend time for
<br /> payment or otherwise modify amonization of the sums secured by this Security In�tra�ment by reasan of any demand made
<br /> by the original Borrower or Borrower's successors in interest_ Any farbearance by Lender in exercising any right or remedy
<br /> shall not he a waiver�f or preclude the exerci�af any right or remedy. � �
<br /> 11. Successors and Assigns Bound;Joiat And Serera)Liability;Co•signers. The covenants and agreements of �
<br /> this Security Instrument shall bind and benefit the successo�s and assigns of Lender and Borrower.subject to the provisions
<br /> aP paragraph 17.Borrower's covenants and agreements shall be jaint and se�•eral.Any Borrower a•ho co-signs this Security� � �
<br /> ,,.
<br /> Inctrumeat 6ut does not execute the Note:(a)is co•signing this Security lnstrument only to mortgage.grant and convey } :-
<br /> that Borrower's inter�st in the Property under the terms ofth�s Security� Instrument;(b)is not personally obligated ta pay � ���= '
<br /> the sums secured by this Security Instrument;and(c)agrees that Lender and any other Aorrower may agcee to extend. •; -
<br /> modify,forbear or make any accommodatiuns w•ith regard to the terms of this Security lnstrument or the Note without `
<br /> that Horrower'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 ta be collected in ;,_
<br /> connection with the loan exceed the permitted Iimits, then: (a) any such laan charge shall be reduced by the amount x
<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 $orrower. Lender may chootie to make thi� refund by reducing the principal owed
<br /> under the Note or by making a direct payment to Borrower.�f a refund redures principal,the reduction will be treated as a
<br /> partia!prepayment without any prepayment charge under the Note.
<br /> 13. Legistation AtFeeting Lender's Rights. Jf enactment or expiration of applicable laws has the effect af
<br /> rendering any provision of the Note ot this Security Instrument unenforceable arcording to its terms,Lender,at its option,
<br /> may require immediate payment in PuU of all sums secured by thiti Security Instru�ment and may invoke any remedies
<br /> permitted by paragraph 19.If Ler�der exercises this option,Lender shall take the step�specified in the second paragraph of •
<br /> paragraph 17. .;�,
<br /> 14. Notiees. Any notice to Borraw•er prrn�ded for in this Securirt�Instrument shall be g�den by delivering it or by ' "�.
<br /> mailing it by first class mail unless applieable law requires usc uf anat3�er methad. 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 b}� .
<br /> first class mail to Lender's address stated hcrcin or any othcr addrea�Lender designates by nc�tice to Borrower.,any notice �
<br /> provided for in this Securiry Instrument shall be deemed to have been gi.•en t�Borrower or Lender when give::s:s ptoe t�ed
<br /> in this paragraph.
<br /> 15. Governing Law;Severability. �'his Security intitrument sF:�ZjI be go�erned by federal laa•and tF►e law�of the �
<br /> jurisdaction in which the Propenv is located. la the event that any pra�•osion or cla�se of thiy Security Instrurnent or the
<br /> Note cor�8icts wiih applicable laK•,sa�h congict shall not afi'ect oiher pro�tisions�€4his Security Instrument��the Note
<br /> which can be given effect without the conftictmg prov�sion. I'o th�s end the provision;uf'this Security Instrument and the
<br /> Note are declared to be severable.
<br /> 16. Borrower's Copy. Borrower shali be given one conformed copy of the Note and of this Security instrument . .
<br /> 1?. Transfer of the Property or a Beneficial Interest 1n Borrower. IP 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 nnt a natural
<br /> person}withaut L.ender's prior written consent, I.ender rv*_ay,at its option,rcyuire immediate payment in f�(�of all sums
<br /> secured by this Security Instrument. However, this uptt�n shall not be exercised hy I.ender if exercise ic proh�bitrd by
<br /> federal law as of the date of'this Security lnstrument. • -�`"
<br /> If i.ender exereisr:s this option.I.ender shall give$nrrow•er nntu•e�f acceleration.The noticr tihall provide a period �
<br /> oPnot less than 30 days from ihr date the notice is delivered or mailed w ithin which I3c�rre�wer mutit nay all�umti tiecured hy
<br /> this Securrty lnstrument. (f Horrower faily to pay these sums pnur to the expiration c�S thiti peric>d, l.ender may�nv�,ke an;
<br /> reme�ies permitted by this Security I�strur�sen.t without funher n��t�ce or demand�:,Borrower.
<br /> 18,Borrawer's Rigttt ttr Reinstate. Ji B�rrower rneets certai�c�nd�ti�n�, $nrr��uer ti�:s:f havc �hc rig}it �n h�«
<br /> enforcement of thic Security Imttument d:sa>t�ttnued at eny t�me�+n�r+� the carl�er of:(a?5 da)ti(nr ruch nther reru�d:i� , �ji
<br /> � dpplicable law m�y specify fur reinst�tement)bef<,re tiale nf t hr Prn�ectc pur<<�ar�r. �.�;m} Eu�uer c�f tiale c�mtained ni 1hi�
<br /> Security Inslrumenl:�r(h)entry c�f a�udgment enf�,rc�ng th��5rcunsy t�i�tru^�er.r. Z"���r a�a:ei�tinn�are tt::,� Re,rrnwer
<br /> (�) payti I.endcr all tiurm which then wc.uld be due under ehi� Secc:"� lr.-*r�;:c�.:-• end thr t��t� had ii�� a��elrr:{h��is h„
<br /> +�ccurrcd. (bl curc� �ny dcf;�ult �,f any nthrr cnrcn:int� nr agrccnirr''� :: �eti� .�ll i:rpern.r� t• ��irrr�i in �nt�,r��in� �h�r �p�
<br /> tircurtty Dn�trument. includmK. hut si�,l lirn�tcd t", rcatinnahlc att��rn���y' frc� .irid (�i) takr. �u�ii .iru�m ��� Lcu�lc� ni.�v ,���.
<br /> re;����s�ably reyuire U� a�.�ure Ihat thc lien nf Ihi� kcunty 1n�Irnntenl. (.en�ler'� riyhtti in Uu• I'r�,�,rrr� ,�nel 1►��ii��«c�\ r'
<br /> f�blig::tin•� ti, �,;�y thc �urn� �rcurrd hy Iln� Serunty imirunx•nt �}nit ���niinuc ��iirh.�nt�:�i i �+�m r��iu�i.���in�•nr h� ''. .
<br /> He�rrnucr. Ihn tie•�urity Iii�Irurnrnt��t�d fi�e•��hh�;ntu>t�ti ticeuri�l h<•r��tn rha�ll t�•�n.nii full� rft���i�.r i.�i n,._�,.�•1�•� �t�� �, h��I
<br /> ��c� ut rr�1 H� Nr�cr_ it���ti�;ht t<�trinwt:�tc��i�iil n�5t a�,��l� n�thr�.�•.• �.1.,•.��•Irr.�rn„��n��l� , �,,� ,,•� ,�•i,. I +. � I'
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