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<br /> 89"' �.ossoo
<br /> p If Lender reywred rnartgage insurance a� a condition of making the Ioan �erurrd by this Secunty instrument,
<br /> ( Borrow•er shall pay the premiums required to maintain the insurance in eNect unti!such time as the requirement Por the
<br /> insurance terminates in accardance with Barrower's und Lender's written agreement or applicAble iAw.
<br /> 8. Iaspettion. Lender ar its agcnt may mnke reasonable entries npon and ins�eciia�s�P tl�e Prrperty. Lender
<br /> shall give Barrower notice At the time oPor prior ta an inspection specifying reasonable cAUSe for the inspection.
<br /> 9. Condemnation. The praceeds ol'any award or claim for damages,direct or c�nseyuential.in connection with
<br /> any candemnation or ather taking af uny part af'the Property, or for canveyance in lieu at'candemnAtioa, are hereby
<br /> assigned and shall be paid to Lender.
<br /> ln the event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Security
<br /> Instrument, whether ar not then due,with any eacess paid to Borrower. In the event of a partial taking of the Propen��,
<br /> unless Borrower and l.e�der otherwise agree in writing.the sums secured by this Security Instrument shall be reduced by
<br /> the amouni 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 Praperty immediately before the taking.A�y balance shall be
<br /> paid to Borrower.
<br /> If the Property is abandoned by Honower,or if.aRer notice by Le�der to Borrower that the candemnor affers to
<br /> make an award ar settle a claim for damages.Horrower 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 oPthe Property or
<br /> to the sums secured by this Security Instrument,whether or not then due.
<br /> ` Unless Lendcr and Banower otherw ise agree in ariting,any application of proceeds to principal shall not extendt o�
<br /> postpone the due date of the monthly paymen¢s referred to in paragraphs 1 and 2 or change the amount of such paymenss.
<br /> 10. Horrower Not Retesised; For��cance By Lender Not a Waiver. Extension o�ghe time for payment or
<br /> modiRcation of amonization of the sums secured by this Security Instrument gfanted b� Lender to any successor in
<br /> interest af Horrower shaU not operate to release the liability of the original Borrow•er or Bono�er's successors in interest.
<br /> Lender shall not be required to commence proceedings against any successor in interest or refuse ta extend time for
<br /> payment or atherwise modify amortization of the sums secured by this Security lnstrument by reason of any demand made
<br /> ' by the original Bonower or Horrower'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. Successona And Assi�s Bound;Joint and Several Listbility;Co•sip�ners. The covenants and agreements of �
<br /> this Security Instrument shall bind and benefit the su�cessors and as.aigns of Lender and Borrower.subject to the provisions
<br /> of paragraph 17.Borrower's covenants and agreements shaU be joint and several.Any Borrower who co-signs this Security
<br /> lnstrument bul does not execute the Note:(a)is casigning this Security Instrument only to mortgage.grant and convey
<br /> 1�111 Rfl AWP f P 1 A D nno u � C..... t .�L a � - -
<br /> Tr_.. T��_�1tC!_S.!S:!h� l..�.�il� ::n��:l�i� �tRi�a�i:ti;w�alTiiy�ii:iitiii�i;i��.�vf i:n�i}',ci;v,�aiiy uoiigaicci ic�pay • ,
<br /> the aums secured by this Security lnstrument;and (c)agrees that Lender and any other Borrower may agree to extend.
<br /> modify,forbear or make any accommodations with regard to the termti of this Security lnstrument or the Note without
<br /> that Borrower's consent. �
<br /> 12. Lonn Ciiarges. 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 be collected in
<br /> connection with the loan exceed the permitted limits, then: (a) any such loan charge shal) be reduced by the amount -_°
<br /> necessary to redua 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 Bonower.If a refund reduces principal,the reduction wi;l be treated as a
<br /> partia)prepayment without any prepayment charge under the Note.
<br /> 13. I.eg3slation Att'ecting Lender's Rights. If enactment or expiration of applicable laws has the eftect of�
<br /> rendering any 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 secured by this Security Instrument and may invoke any remedies
<br /> permitted by paragraph 19.If L.ender exercises this option,Lender shal)take the steps specified in the second paragraph of ���,
<br /> paragraph 17.
<br /> 14. Notiees. Any notice to Horrower provided for in this Security Instrument shall be given by delivering it or by ��
<br /> mailing it by first class mail unless applicable law requires use of another method. The natice 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 Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br /> in this paragraph. �
<br /> 15. Gorerning Law;Severabllity. This Security Instrument shall be governed by federal law and the law of the
<br /> jurisdiction in which the Property is located. In the event that any provision or clnuse of this Security Instrument or the
<br /> Note conflicts with applicable law,such conflict shall noi affect other provisions of th'ss Security Instrument or tl►e Nutr
<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. BorroMer's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. 'I'ransfer of the Property or a Heneficial Interest in Borrower. IE'all or any part af 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 a11 sums
<br /> secured by this Security Instrvment. However, this option shall not be exercised by Lender if exercise is prohibited by
<br /> federallaw as of the date of this Security Instrument.
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<br /> I1'Lender exercises this aption.Lender shall give Borrower notice of acceleration.The rotcce shall provide a�er'r.�
<br /> of not less than 30 days from the date the notiee is delivered or mailed within which Borrower must pay aI�c�ms secureQ by-
<br /> this Security Instrument.If Borrower fails to pay these surns prsor ta the expiratian of this period,Lender r.:ay invoke any
<br /> •reme�aes permitted by this Secu�ity Instrument without fu:ther not�ce or demand¢n Borrower.
<br /> 18.Bonower's Riqht to Reinstate. If$orrower meets certain conditians, Borrower shall have the right t�havc
<br /> enforcement aPthis Security Instrument diseoniinutd at any time prior to the enrlier of:(a)5 days(or such��ther period a�
<br /> applicable law may specify for reinstatert3enty before sale of the Property pursuant to any power of sale contained in this �
<br /> 5ecurity Instrument:or(b)en¢ry of a judgment enforcin�this Seeunty Instrument. Those condit�ons are that Borrower. J �
<br /> (a) pays Lender all wms which then w�uld be dur undcr th�s Seeunty Instrument and the Note had no acceleration �
<br /> urcurr�d: (b) cuces any default of uny other cuvenants e�t agreement�; (c) pays a11 expen�c� mcurred in enfi�rcing thiti �
<br />- Serunty lnstrument. niclu�mg, hut nat iimited to, reas�nable attornrys' fees. and (d) takes�uch aru�m ati I.cnder may ��� -
<br /> re�sc�nahly rcyu�re t�� a�sure that the hen nf th�ti Scrurity )ntitrument. I.cndcr'� n�ht� in the I'r��perty and Rc�rr��«•cr'� ,�,
<br /> nMigtilum t� pny the tums serured by thi� 5rruritp Intitri�ment tih�ll �nriUnur unchanf�ed !'���,n reintitcdrment h� .
<br /> (���rr.,urr.thi�Srcunty In�trurr�ent and thcuhlig:��u,ntitiecured hrrchy �h:�ll re�rn,iin(ulh cff��•rh��•:���f nn:icieli•r.�U„n h,id ,
<br />' ,«c urred H�•uc�t•r,ihi�n�:ht t��rrintt�tc tih��ll iint:+�,t,ly in the�<<tir��t.iu cl��rati+�n uridrr�,,ir.�er,���h. 1 {��t I'
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