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<br /> 89- 106220
<br /> . • If Lcnder�equircd mortgsgc insurance As� condition of making the toan secured dy this Security lnstrument,
<br /> Banuwer shall pay the premiums rcquired to muntun the insurance in effect amil such time as the requiremtnt far the �
<br /> irtsuranst tcrminatcs i�uccordance with Norrowet's and Lender's written agreement or applicable law.
<br /> � 8. Ieupectioh. Lrnder ur its�gent may mAfce reasonxblt entries upan and inspections os the Property. Lender
<br /> � sh�il give Borrower notice at the time of o�prior to an inspection spocifyring rcasonabte cause far thc inspection. �
<br /> . 9. Condemnation. The procceds af any award or claim for damages,direct or consequential,in connectian with ��
<br /> , any condemn�tion or other taking of any pan of the Propeny, or for conveyance in lieu of condemnation, are horeby
<br /> •ssigned and shall he paid to Lender.
<br /> � In the evcnt of a total takin�aP thc I'roperty.the procceds shall be applied ta the sums secured by this Security �
<br /> ` InstrumPnt,whethcr or not then due,with any eaceSS paid ta Borrower. In the event at`a partial tsking of the Property,
<br /> i unlas Bonower and Lender otherwise agree in writing,ihe sums secured by this Security Instrument sha11 be reduced by
<br /> � the amaunt of'the proceeds multiplied by the following fraction: (A) the total amaunt of the sums secured immetliately
<br /> i before the caking,divided by(b)the faix market�alue of the Property immediately beforc the taking.Any balance shall be
<br /> paid to Borrower.
<br /> � IP the Property is abandoned by Borrower.or if,after notice by Lender to Borrower that the condemnor otfers to
<br /> � make an award or settle a claim for damages.Bonower fails to rapond 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 Propeny or
<br /> � to the sums secured by this Securitylnstrument,whother or not then due.
<br /> Unless Lender and 8orrower otherwise agree in writing.any application of praceeds to principa!shall not extend or
<br /> j postpone the due date of'the monthly payments referred to in paragraphs 1 and 2 or change the amount ol'sueh paymenis.
<br /> + 10. Barrower Not Released; For6earmce By I.eeder Not a Waiver. Extension of the time for payment or
<br /> 1 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 Barrower or Borrawer's successors in interest. �
<br /> r Lender shall not be required to commence proceedings against any successor in interest or refuse ta extend time for
<br /> payment or otherwisc modify amortization of the sums secured by this Security lnstrument by reason of any demand made
<br /> j by the original Borrower or Borrower's successors in interest.Any forbearance by Lender in exercising any right ar remedy
<br /> � shall not be a waiver of or preclude the exercise of any right or.remedy.
<br /> 11. Sucassors and Assig�w Bound;Joint and Sererat Li�bitity;Casigners. The covenants and agreements of
<br /> i this Security Snstrume�t shall bind and benefit the successors and assigns uf Lender and Aonower,subj�ct to the provisions .
<br /> of paragrspl�17.Borrower's covenanis and agreemenis shall be juint and several.Any Borrower who casigns this Security �
<br /> j Insttument but does aot execute the Note:(a)is casigning this Ser,urit}Instrument only to mongage. grant and convey �= _
<br /> ; t�sst Borrower'�intersst in the property under the ternu of this Security�nstrument;(b)is not penonally obligated to pay - -
<br /> the sums soeured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend.
<br /> , . madify,forbear or make any dccommodations 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 f
<br /> : � charges, and that law is finally inierpreted so that the interest or other loan charges collected or to be collected in
<br /> � connection with the loan exseed the permitted limits, then: (a)any such loan charge shall be reduced by the amount
<br /> necessary•ta reduce the charge to the permitted limit;and(b)any sums already collected}'rom Barrower which exceeded
<br /> � � permitted Dimits will be refunded tp$onower. Lender may choose to make this rePond by reducing the principal owed
<br /> � under the Note or by making a direct payment to Bbnower. If a refund reduces principal,the recluction will be treated as a
<br /> panial prepayment without any prepayment charge under the Nate.
<br /> 13. I�islation A}tecting Leader's RigRts. If enactment or expiratian of applicable laws has the effect of
<br /> � rendering�,n}provision of the Note or this Security Instrument unenforceable according to its terms,Lender,at its option,
<br /> ' may require immediate payment in full of all sums securec!by this Security Instrument and may invake any remedies
<br /> " permitted by paragraph �9. If Lender exercises this option.Lender shall take the steps specified in the second paragraph of . —
<br /> paragraph 17. �'=�
<br /> 14. Notices. Any notice to Borrower�rovided for in this Security]nstrument shall be 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 noiice to Lender. Any notice to Lender shall be given by ,
<br /> first class mail to Lender's address stated herein nr any other address Lender designates by notice to Bonower.Any notice ,
<br /> provided far in this Security Instrument shalt be deemed to have been given�to Bonower or Lender when given as provided '....
<br /> in this paragraph. .
<br /> 15. Governing Lnw;Severability. "This Security Instrument shall be governed by federal law and the law of the
<br /> : jurisdietion in which the Propec�y is lc�eaied. In ihe eveni that any provision or clause of this Sccurity Instrument or the
<br /> Note confticts with appticable taw.such conBict shatl not affect other provisions oF this Secunty 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. Borrow�r's Copy. Borrower shall be given one c:onformed copy of the Note and of this Security Instrument. ,
<br /> 1'I. Transfer of the Property or a BeneScis�l Inte:est in Bosro�er. If all or any part of the Property or any �
<br /> interest in it is sold or transferred(or if a beneficial inierest in Horrower is sold or transferred and Borrower is not a natural
<br /> person�without Lender's prior written consent, I,ender may,at us aprion,require immediate payment in full of aU sums �
<br /> secured by this Security instrument. However, this option shall not be exeicised by Lender if exercise is prohibited by
<br /> foderal law as of the date of this Security Instrument. '- ---� -
<br /> lf l.ender exercises this option,I.ender shall give Bosso3ver notice of acceleration.The notice shall provide a periocl �
<br /> of not less than 30 days from the date the notice is delivered os mailed within which Borrower must pay all sums secured by �
<br /> this Security Instrument.If Bonower fatls to pay these sums pnor to the expiration of this period.Lcnder may invoke any �
<br /> remcdies petmilted by this Secunry instrument without further notice or demand on Borrower. � l
<br /> 18. iiorrower's Right to Reinstate. If F3orrower meets cenain conditi�ns. B�rrower tih�ll have the nght to have ' '
<br /> enfurcement c�f this Srcurity Mstrument discontinued at any time prior ta the earher of: (a)S days(�u such other penad as
<br /> L appltcable law may spec�fy for reinstatement)before sale of the Property pursuant t�:�ny power ��F tiale cont:��ned in thiti
<br /> Secunty lmtrument;or(b)entry uf a judgment enfnrcing th�s Security Instrunzent. 7huse cundiunnti are that l3urrc,wcr.
<br /> (a) pays l,ender all sum5 v►•I��rh Ihen would be due under this Security Instrument and thc Note had nu :►cceleratum ti
<br /> cKCUrred, (h) curt� nny defauh of nny other covenantti or aRreementti; (c) pay� all expentic� mcurred in rnfurcinF th�ti {Q
<br /> Sr:zunty Imtrumrnt, �ncluding, but not l�nuted to, reasonablc:a�tc+rneys' feeti: and (d) take. tiuch actic�n .�ti Lcnder mey W
<br /> rea�unably r�_y�ure tn astiurc that the lici� nf th�ti Secunty� In.;rurneut. I.en:ler'� right� in thc Pr„�,cr��• ,tnd {{��rn�ucr'� '�'
<br /> t,bligt�Uut� t�� ��} the �ums rCCUrcd b} th�s SCCUnty Intitrumcnt tihull �nnUnur uncftnnhc�f l�pun rc•in.talcm���it f.� ��
<br /> �lnrrnucr.thn be�uriir lmtn:mcnt end thc��hhgatumti kcurcJ hcrrny �.hul{rcmain full} cfic•��n�•;iti i(n„a�celrr.�u�m ha,f
<br /> ��,�urrcd Hnar�cr_ih�ti n�Zht t„remstate tihaii n�,t apply u�thc�n.c��f�c��eler,�ti�m ijuder�.u���;r.��,F�� 1���� 1"
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