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�� =� I � � : t 89— �.aG93�. � If Lender required martgaFe insuran�e as a condition af n�ak�ng thc toan sccured by tl�is Scrurity lastrument. H�rrower shall pay the premiums required to maintain the insurance in efiect until such time as the rcquirement Par the insurunce terminates in accordance with Barra�er's and Lender's w ritten agreenent or applieable law. 8. Inspection. Lencler or its ag�nt may make reasonable entnes upon and inspealio�s oi the Property. Lender shall give Borrawer notice at the time of or prior to an inspection specify ing reasonable cause for the inspection. 9. Co�demnxtion. The proceeds af any award or claim for damages.direct or consequential.in connection with any condemnation ar other taking of aay patt of the Property, or for conveyance in lieu of condemnation, are hereby asaigned and shall be paid to Lender. In the eti�ent of a total taking uf the Property. the praceeds shall be applied to the sums secured by this Security lnstrument, w�hether or not then due.�vith any excess paid to Borrower. In the event of a partial taking of'the Property, unless Borrower ared Lender otherwise agree in writing,the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a)the total amount os the sums secured immed�ately before the taking,divided by(b)the fair market value of'the Property immediately before the taking.Any balance sha1)be paid to Borrower. If the Property is abandoned by Borrow�er,or if,after notice by Lender to Borrow�er that the condemnor offers to make an award or settle a claim for damages.Borrower fails to respond to Lender within 30 days after the date the notice is grven.Lender�s authonzed to collect and apply the proceeds,at its option.either to restoration or repair aF the Property or to the sums secured by this Security Instrument.whether or not then due. Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shal!not extend or ; postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. . 10. Horrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security ]nstrument granted by Lender to any successor in interest of Barrawer shall not operate to release the liability of the original Bonower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor ia interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Securit�•Instrumeni by reason of any demand made by the original Borrower or Bottower's successors in interest.An�forbearance by Lender i�exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 11. Successors and Assigns Hound;Joint and Several Liability;Co-slgners. The covenants and agreements of � this Security Instrument shall bind and benefit the successors and assigns of Lender and Bonower,subject to the provisions of paragraph 17.Bonower's covenants and agreements shaU be joint and several.Any Borrower who casigns this Security Instrument but does not execute the Note:(a)is co-signing this Security Instrument only to mortgage,grant and convey . : . ... that Bnrr�wer's mterest in the Pmnerty�mrlPr thP rPrmc�{thes��r.ey rn�ef�ment;�►+�is n�t reK�*�!y!+b►.:�!�t�F�; '----- the sums secured by this Security Instrumei�t;and(c)agrees that l.ender and any other @orrower may agree to extend, - modify,forbear or make any accommodations with regard to the terms of this Securi!y Instrument or the Note without that Botrower's consent. 12. Loan Chatges. If the laan secured by this Security Inctrument is subject to a law which sets maximum loan charges, and that law is Rnally interpreted so that th� interest or other loan charges collected or to be collected in � F connection with the loan exceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount , necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded • permitted limits will be refunded to Bonower. Lender may choose to make this refund by reducing the principal owed '•_ under the Note or by making a direct payment to Horrower.If a refund reduces principal,the reduction will be treated as a ' partial prepayment withoat any prepayment charge under the Note. 13. Legislation Affeeting Lender's Rights. If enactment ar eapiration of applicablc laws has the effect of � rendering any provision of the Note or this Security Instrument unenforceable according to its tetms,Lender,at its option, . may require immediate payment in full of all sums secured by this Security Instrument and may invake any remedies • i� permitted by paragraph 19.If Lender exercises this option,Lender shall take the steps specified in the second paragraph of `'�� paragraph 17. .� 14. Notices. Any notice to Borrower provided for in this Security instrument shal!be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. ?he notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice provided for in this Security Instrument shall be deemed to havc been given to Borrower or Lender when given as provided in ihis paragraph. 15. Governing La�v;Severability. This Security lnstrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law,such conflict shall not a�'ect other nrovi�i�ns of thic Security instrument or the Note which can be given tffeet without the conflicting provision.To this end the provisions of this Security-Instrument and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property or a Beneflcial Interest in Borrower. lf all or any pan of the Property or any interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Horrower is not a natural person)withovt Lender's prior written consent, Lender may,at its option, require immediate payment in full of a11 sums secured by this Security Instrument. However, this optian shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. _`_`_--- if Lender exercises this option,Lender shall give Borrower notice of acceleration.Thc notice shali providc a period � of not less than 30 days from the date the notice is delivered or mailed within which 8orrou er must pay all�ums secured by shis Security Instrument. If Borrower farls to pay these sums priot to the expiration of this penod.I.ender may im•oke any remedics permitted by this Security Instrument withaut further notice or demand on Horrower. 18.Borro�rer's Rig,ht to Reinstate. If Borrow�er meets certain conditions, Borrovwer�hell have the nght to have enforcement of this 5eeurity Instrument discontinued at any time prior to the earlier of:(a)5 day�(or surh nther pericxi as � � epplirable lav►•may specify for reinstatement)before sale of the Propetty purtuant tc�any pow•er of salc c�ntained in thic � Secur�ty Imirument;or(b)entry of a judgment enforcmg th�s Security lnstrurnent Thou conduion�are that Horrow•er � (A) peys l.ender �i) sums wh�ch then would he due under this Secunty lmtrument and the Nc�te had no accelertiucin h„ �u:curred. (h) ctuee any default <�f any� other a�venants or agreement�; (c1 payti all expen�e� rncurred in enf��rcing thic � : Secur�tp Intitr�men*. �ncludmg, but r:�t ltmttrd t�, rea�onable attc:rnecs' fcei. and �d1 take. ,u�h ,,�h��i� ��, 1 ru�lrr nia} �,�—�� reatinnably rryuirr t�, ati�ure that the lien ��f thi� Sectnity lnstrument. 1 ender'ti n�ht� �n the F'i��Tx•rt� ,�n�l lic�rtnwrr'� ��t�ligannn t„ tiay the wm� �e�utcd h� thiti 5ccur�ty In�ttumcnt �hall c�mrin��c i;n�henE�c�i l'r�m rrm�t.+tcnicnt M . . fir�rn�urr. Ihn�erunty lutitrunic�it and thcnhliF;ah�mti�ccurrd hcrch� �h;ill rcma�n tull� ri}r�1F�r:�.if n��.��.cir�.�ti��n h.�d �>�i urrcd H�,wevcr. thiti ri�;}it t��rci��tatc�hall r�r,t:��ri} ��►f��•�:��c��t,,:.��•I�•r.�t,•�n un�frr i..�ra1•r.i�l,� 1 ;�•� 1' . �