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<br /> 89�` 106182
<br /> f ' li'Lcndcr required martgagc insurancc as a condidon of making the laan secured by [his Sccurity Insltument,
<br /> l3orrower shaU pay the pr�:rr��iums r�aircd to maintain the insurs�nce in eftect uniil such time as thc requirement far the
<br /> insu►�ance tem�inates in accordance wic[r�orrower's and Lende�'s written agreement or apptirablt tnw.
<br /> 8. Inspection, l.��dcr or its�gcnt cnay nrake reasanablo cntries upon and inspectians oP the P�apetty. Lcnder
<br /> shall give 8orrawer notice at the ticne vf or prior ta a.�inspection specifying reasanable cause for thr inspectinn.
<br /> 9. Coadewnatio�. The proceeds of any award or claim far damages,dircct or consequential.in eanneetian with
<br /> any condemaation or other taking of any part of the Property, or Por conveyance in lieu af candamnatian,are hereby
<br /> assigned an��shall be paid to Lender.
<br /> ln the event of a tQtal taking of the Property. the praceeds shall be applicd to the sums secured by this Security
<br /> Instrument.whether or noE then due,with any excess paid ta Borrnwer. Ii�tk�e event of a panial taking af'the Praperty,
<br /> unles,�Borrower and I.�nder otherwise agree in writing,the sums secured by this Security lnstrume�t shall be reduced by
<br /> the amount of the proceeds multiplied by the following fraction: (a) the total amount af the sums secured immediately
<br /> � before the taking,divided hy(b)the fair market value of the Property immediately before the taking.Any balance shal)be
<br /> paid to Borrower.
<br /> If the Propert}•is abandoned by Bonower.oa�if.after notice by Lender to Bottower that the condemnor offers to
<br /> make an award or settle a clad¢n for dacrea�es.Aarrowes faels to�espond to l.ender within 30 days aRer the date the notice is
<br /> � given,Lender is authorized to callect�,e��g�ply the pEC►ceeds,at�r.,.��,r tion,either to restora¢6�an or repair of the Property or .
<br /> to the sums se�:ured by this Security Ir�wr�c�,�ent,whe�kiea��c e���e c4e��ue. �
<br /> Urtless Lender and���rc�wer atherwise agree c�µ�tir�,�.^�t a�plicati�rm:�.�t'proceeds to principa[s1�:.�R3 atv3 e�tend or � �
<br /> po�s¢pc+ne the due datr oi'��e��nthly payments refesai�9 eo in para�rar;�s i�md�or change the amoumc osst��h�a.}�rtents.
<br /> 10. Borro�rer Not IAt�e�essed; Forbearance B� Lender �iot a Kairer Extension oP the tirne fmr pa�•mer�e or
<br /> m�i3i�:ation of amonizau�,-�a�t�� saaa�as secured �� th�is�caa�i�; lnsasurracnt granted b} Lender ta an� success�r ier . . '
<br /> i�zterest of Borrower shali n�s a.�t+erase��.��iease ttee de,at�niity of the origirtat B��ower or Borrower s su�E�oessors in interest. '
<br /> � ' �mc�tr shall not be requcs�e�carcaeea��c.e grvcc��gs against any succrssv�in interest or refuse ���xtend time for �
<br /> payment or otherwise modiiry amortizaci�n 4f the suscns secured by this Security lastrument by reason of any demand made ,
<br /> by the original Borra�ver or Borroues's sr.��:essors in interest.Any fonc�arance by Lcnder in exercising any right or remedy
<br /> ' ' shall not be a waiver of or preclude the eaercise af any right or remedy. ;� �
<br /> ll. Successors and Assi�s Bound;Joint and Serernl Linbility; Co-signera. The covenants and agreements of i_`
<br /> this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower.subject to the provisions
<br /> of paragraph 17.Barrower's covenants and agreements shall be jaint and several.Any Borrawer who casigns this Security
<br /> Instrument but do�s not eaecute the Note:(a)isL casigning this Security Instrument only to morigage,grant and convey � �
<br /> " - inai nviiuwri'i iuicirsi ii�i,ic a°-ivNcitji ui�ci�I1C tC!�t1J VFiiiia.°x'-.'.ti�ij iTrsiiuiii�i�t:��;iS:isf{'.:.:�B�iSlly:�s�ig8..�'3. i��•.:i .
<br /> the sums secured by this Sc�:uriry lnstrument;and(c)agrces that i.ender and any ather Borrower may agree to extend, "
<br /> modify.forbear or make any accommodations with regard te�the terms af this Security Instrument or the Note without
<br /> ' that Borrower's c;on!,ent.
<br /> 12. Loan Charges. If the loan secured by this Security lns[rument 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 be 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 psecmitted limit;and(b)any sums already collected from Borrower which exceeded
<br /> � permitted limits wi11 be refunded ta Borrower. Lender may choose to zreake chis refund by reducing the principal o�ed
<br /> under the Note�r by makireg a direct payment to Borrower.I}'a refur�d redures�Srinc'spai,the reduction will be treated as a
<br /> partial prepaymenc v�ithoat any prepayment charge under the Mace. � ' �
<br /> 13. Legisiatioe Affecting Lender's Rights. If enaccer•.errt ar expirasion oE appDicable taws has the effect of
<br /> rendering any pravision af the Note or this Securit}�Instrument unertfarceab:e according tQ sts terrns,L.eicder,at its option, �
<br /> may require immediate payment in full of all sums secured by this Secunr} lnstrument and may invoke any remedies
<br /> permitted by paragraph 19. lf Lender exercises this aption,Lender sha11 take the steps speci&ed in the second paragraph oP ��
<br /> paragraph 17. �-
<br /> 14. Notiees. Any notice to Borrower provided for in this Security instrument shal)be given by cDelivering 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 Addtess 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 Inctrument shall be deemed to have been given ta Borrower or Lender when given as provided
<br /> in this paragraph.
<br /> IS. Coverning l.�w;Severnbility. This Security Instrurnent shall be governed by federa!law and the law af the
<br /> jurisdiction in which the Pro�ny is located. ln the event that any provision or clause of this Security Instrument or the
<br /> Note conflicts with applicable law.suzh confliri shall not affect other provisions of this Security Iastrument or the Note
<br /> whieh can be given effect without the conflicting provision.To this end the provisions of this Security lnstrument and the
<br /> Note are declared to be severeble.
<br /> l6. Borrower's Copy. $orrower shaU be given one conformed copy of'the Note and o1'this Security lnssrument.
<br /> 17. Transfer o!the Property or a Beneflcial Interest in Borrower. If all or any part of the Property or any
<br /> interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br /> person)without Lender's priur written cansent, Lender may. at its option,reyuire immediate payment in full of all sums
<br /> secured by this Security Instrument. However, this option shall aot be exercised by L.ertder if exercise is proh�bited by -- - --
<br /> foderal law as af the date of this Securit}�[nstrument. �__-� __.
<br /> If Lender exercises sh�s option,Lendtr sha11�ive Borrower not�ce of c;relerauon.TRe nottice s6�1I provide a period
<br /> af.not less than 30 days fram she date the notice is deEc�ered or mailed u��thin u�sch Borruwer must pay ali sums seea�red by
<br /> • this Secunty lnstrument.If Bonower€ails to pay titese sums pnor to the e�Rirat�on af this periad, i.ender may in<<�ke any .
<br /> remedies permined by this Secunty in�.tc�rr�ent without funher not�ce or demand on$oxrc�v�er.
<br /> 18.Borrower's Rigbt tu Rtias+late. If Horrower meets certain cond:tions. Horrawer shall have the right t� have � �
<br /> enforcement of this Secunty instrument di+continued at any time prior to�he earl�er of:(a)5 deyti(or such other penod a.
<br /> � applicable law may �peaPy fc�r reinstatemem)befu�r sale of the Yroperty purwant to any power �+f�ule cuntame.i �n th��
<br /> Secur�ty tntitrument;ar fb)entry of a�udgment enf�rrmg this Secunry Instrumrnt. �The�ce cand�uons�re Ihat K��rrna�r::
<br /> (�) pays Lender all surm Wvhich then would be due under ih�s Sec:urity Instrument and thc Notc had ni� a��cler:�tum 1�
<br /> ckeurred; (hi cutes any default of any other covenants or agreemrntti, Ic) �+ayti all ex��eme� mcurred in rntnrc�n� thn
<br /> Sccursty ln�,ttumcni, mcludmR, hut not l�m�trcl ta, rcasonable attorncys' fecs. and (d) t�kr� tiuch .iction ,�ti 1 cndrr m;iy , ��
<br /> rt�c�:ntih{� rcyuirc i�� ati,ure that thr lten �if thiv Secunty intitrument, i.ender'ti nght, in tiic 1'r��j�erty xnd B�n�ri�wer'ti � ,,
<br /> ohli��ua�r iu p,>> �li� �u�n� recurecl by th�5 Secunty In�UUmrnt �h:iil r�,ritinuc uu� h.�i:RrJ l'�nn rr�ntitate•�nrnt h�
<br /> It��tt��wcr,tfu�tic�urrty Intiirumrnt artd thc��bligal�om�cc�red hereby�hall rerr�.itn tully cflctiti�c a�it n„a�cclei,�U��n h,ui
<br /> �K�+�rrrJ I���wc.cr.th�ti tight���rc�n�.tatc tihaU n��t appl}•in tha•�.:��s.•u(aucicr.rU��n undc•r ��,�e.+Rrs��t�� I t��r I"
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