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<br /> ,��r�-��;��-;��� • � � 91- 102112
<br /> • � • If l.ender raquircd mon�a�e insunnce u a condition of ma�in�the loan�ecund by thi�Security Inatrument. ��T
<br /> � ' , Bc►rrawer shall pay the premiums rcquired to ms�inuin the iniunnce in eRect until such tima as the�aquirement for the __
<br /> insurance terminata in�ccordance with Borrower's and Lender's w�it�en��reemeot ar�pplicable I�w. __
<br /> ' t. �u�pect{o�, Lender or its��ent may m�ke�eawnable entria upon and in:pations af the P�opaty t.ender
<br /> u�
<br /> � , . ' chal{�ive Barrower notice at the time of or prior ta en inspection spcoifying reason�ble cause for the Inspection. � _���_ _ ._
<br /> � y, Co�de�utioa. The pracads of any�ward or claim for d�m��es.dirat or cansequenli�l,in connxt�on with -- � �
<br /> any condemn�tian or other taking of�ny part of the Property,or tor conveyance in lisu of condemn�tion,sre hercby
<br /> .; usi�nod and�hall be paid to Lender. �;..'�-
<br />'����� � � � !n the event of�tatd t�king of the Property,the procecds sh�ll be applial to the:unu securod by this Secu�ity __
<br /> lnstnunent,whether or not thrn due,with eny excess paid to Borcawer.ln the event of a psnia[taking of the Property. '�"`�
<br /> ' unless Borrower snd Lender atherwlse sgra in writing.the sums secured by this Security Instrument ahall be reduced by rn�-
<br /> • t6e amount of the procoeds mWtip6od t+y the Pollowing fraction:(a)the total amount af�he sums securod immidi�tely ��?� :��`�� .
<br /> � � befon ehe tRicing.divided by(b)the P�ir rtarket value of the Property immediately before tlie talcin�.Any bal�nce shall be ____
<br /> . psid to Borroaer. _�-�;:�_-:-
<br /> If the PropeRy is abindonod by Borrowor,or if.aRer natioe by l.ender to Borrower th�t the condemnar oA'ers to �u�,
<br /> m�lce�n sw�rd or settle a cl�im iar damages.Hortov►'er fi��t ta�esPond to I.ender within 30 days afle�the date the notice is �,._�_____ ,_
<br /> l.ender is autharized lo colleet and a ly the rocads,at ils o tion,either ta restora�ioo or repair c►t the Pmperty or ������+%li��-� --____
<br /> � Riven, PP P P �e,x;•;f'`;;°",...�'"""". '
<br /> ' '�'� � to thesums secured by this Secu�ity Instrument,whather ar not then due. �
<br /> °` �''V� � Unless L.et�der ar�d Eorrower atharwise agree in wdting,any applicatian of praceeds to principal shall not extrnd or �' ,��
<br /> �,s:; ,.:.t;;��..,;,r - -
<br /> �':'`;i%'isi•�..�:4.'...7 ;.' N."F 1''.
<br /> ';,;.•�,�,;,,;;;;��yv,:,.,;,, �. paatpone the due d�te of the monthly pAyments refenod to in pxrAgrsiphs 1 aad 2 or change the amount of such paymmts. :_4C�
<br /> pa
<br /> :,�t'�; �w v 10. Bor�wer Not Itelea�edi Forbearmce By Lender Not• Wdver. Exteosian of'the time Por payment or i
<br /> ' �� '' �� ��t �• modi8catian ai'amortizxtion ot the sums secured by this Security Instrument granted by Lender to any :uccasor in �` , ,,,.�,�i.� �.=--
<br /> ';.�:,,+.,.,,., . „ 1~ , .
<br /> interat ot Baaower shaU not operatr�o rolease the liability oP the original Bc�rrowe�or Borrower's successors in interost. y4tiFy�''-:�;.;�—_�
<br /> , � ,��;n,.
<br /> � �,;'���:,��:':�'�; � ' ' I.ender sFnll not be required to cammence proceedings aga�nst uny successc►r in interest or refuse to eatend time for ;�,�,,y _
<br /> . . psymetit or otherwise malify amonization of the sums securod by this Security Instrumenl by reason of any demand made ••.,.:.t��.�:___
<br /> � � by the origin�l 8orrower or Bonower's succesaon in interest.Any furbearance by Lender in exerci:ing any right or remody �:�;;,,s;,,�;,;,;��--�, .
<br /> � shall not be�w�iver of or preclude the exercise of any right or remedy. ,, �
<br /> � " il. Succet�ore and A�fpu Hound+Jofat snd Se�eral I.i�bU(tyt GrslQnere. The cavenants and agraments of �� � �.
<br /> „�,''
<br /> � '���' '''��• ' this Security Instrument shall bind and benefit the successors and assigns of I.ender and Botrower.subject to the provisions i : ;�. . .
<br /> ��,.;�,.. ,. ; � • of paagroph�7•Horrower's covenantc and�greemenls shell be joint and several.A�y Banower who casigns this Security ' .. << ' � � _
<br /> � ••'�� °--- --'.;-.--'� lnssrusn�t bus dors not��e�ute the Note:(al is co-sljtning thi�Security Ins�rument only to mangege,grant and convey , !
<br /> 4�, ,�,�--� �,-� , ,� - . _
<br /> ':; ���'(�,;:,y, .�, „�t:,-���� thst 8orrower's interest in the Property under the terms oi this Socurity Instrument lb)�s not parsonaliy obiig�ial iu�y fJ ,t�,
<br /> �:.•�;•�� � � s���,. , the sums secured by this Socurity Inslrument;and(c)agrees that I.ender and any other Bc�nower may agree to eatend, �` ::� t
<br /> ..��.�'.r � �",1„�'�•�:;�r�';•:'���� modify.forbear or make any accommodations with regard to the terms af this Secunty Instrummt or tlrc Note without ; �� � '
<br /> •� ,�,,...... �
<br /> ' " "`�"" ' th�t Borrower's consent.
<br /> �:;,;�y.;.;�rri �`
<br /> e �`•;'�j.;:'>:'�:� " � 12, Lo�n Clurgq. If Ihe loan securcd by this Secunty Instrument is subjecl to a law which sets mazimum loan � •,,:��
<br /> � " ';��,�, ...'� .: charges, �nd thot law is finally interpreted so that the �nteral ar other loun charges collectad or to be collected ia �;:��.` ^ .,.
<br /> ' .�,,..
<br /> connxtion with the laan excced the permitted limits,then: (a1 any such loan chArge shall be reduced by the amount ,��,•• �; •"
<br /> � •"; � necessary to reduce the cherge to the permitted limit;and(b)any sums already collected from Bonower which exceeded � ,��h, _
<br /> � .'.'i;;`"��i!'.:� �• ' ' permitted limits will be refunded to Borrower. Lender may choose to make this�efund by reduciog the principal owed , � `
<br /> %? ���� under the Note or by maicing a direct payment to Borrawer.If a refund reduces pnncipal,the rcduction will be trwted as u . ��.::r��„
<br /> . � �'�'`� • • . penid prepayment withau�any prcpayment charge under thc Nnte. ' �•�,`' =
<br /> �,..,j:.;�: 13. Legblatlon Alfecting I.ender's Right�. If enactment or expirati�n of applicable laws has the eflect oP ' ';;;�;• ��
<br /> � • ���`' , rendering any provisfon af the Note or this Secunty lnstn�ment unenforceable accordinR to its terms.Lender,at its option, , •-,;}.' '=�_
<br /> • • :,:;.�;;:�',:.'.;'�.���� may require immediete payment in full of all sums sceured by this Secunty Instrumenl and may invoke any remedies � �
<br /> . ,. .
<br /> � • • ��:„�;`'�;: •':��i: permitted by paragraph 19.IiLender exercises this option,Lender shall take the stepx specified m the second paragraph af ; � �,�����r
<br /> � ,.,. ,:,�..:>•,•_ � •
<br /> • ' s^ �;•r,ri: : peragraph 17. -
<br /> �' =` '� ''�'' '` 14. Notice�. Any notice to Borrower prmided for in this Security Inxtrument shnll begiven by delivenng it or by �
<br /> •.,:�.,.:. . �'��''".. ""�y
<br /> � mailing it by fint class ma�l unless applicable law requires use of Another melhod.The notice shall be directed to the
<br /> • �• . . Property Address or any other uddress Borrower designates My notice�o Lender. Any notice to Lender shall be given by • ���
<br /> '' ferst class mail to Lender's address stated herein ar any other s+ddress Lender designot.�s by notice ta Borrower.Any nouce '���
<br /> � ` �tovidtd'ior in this Secunty Instrument shalt be deemed io have been given to&�rrower or Lender when given as provided � �--;-:..�+ �
<br /> ia this paragtaph. , �
<br /> • .. 1S. G�erniag Lw:Setenbi7ity. This Secunty Instrument shall t�r c�Yerned by federnl law and the law of the �
<br /> jurisdictio�u in a�Meh the Property�s ie�cated. In the event that any rrr��s��m rr cJau�e of�his Securny Instrument or the _
<br /> . Note conf�ccas wilh applicable Iaw,such conflict shall not aflect�ther prn�i.i��ns�f th�.Secunty Instrument or the Note . _
<br /> which can be fi�vm eflec�wa thout the conflicang prov�sion.To th�s end the pr��ic�on+oitMz 5n:unty Instrument and the
<br /> ' � , � Note are decladed to 1�severable. �
<br /> 16. Bonower's Copy. Borrower shell be g��en ane conformrd rrpy a(�hc tintc and of this Secunty Instrumen�.
<br /> I 17. Tran�ftr ot the Property or o BeneHciol Interest in tlorrower. If all��r an} pnrt of the Property or any , �
<br /> interest in i t is sold or transferred(or�P s�benrficis�l mteretit m Borr�u er i�+old.�r�ranstrrred nr.9 Bc,rmwer is not a natural
<br /> .� personl a•i2�hout l.ender'spnor wntten cunsent. l.ender may,a� it�opu�'n.rrquitr�mmrdia.e�a>ment in full of all sums r�•
<br /> I �ecured by this Stcur��e, lnstrumrnl. However, thiti c�pnun sh�ll nrt FK e�rr:iced h� D cnder if exercise i�prohibiled b� •'s"
<br /> + 'iec,ar��18w as of thr da•�e oi this 5ecunty In+trument.
<br /> IDf Q.tntler etetr�ses this opuon.Lender shall g�ve Borrc�wer not�cr uf a;.e�rra7inr. The nrnut sha10 pmvide a�+encd
<br /> :. Iof not 1e�u�hAn 3•:r c3ays from the date t h<nouce iti delrvered or ma�lzdµithin w hi�h k3c+rrnwe:must q�ay al!�ums secured bq
<br /> i this Secuca.^.?. ]ns4rummt.If Borrower Pad�to pay these sum�pn,�r t. :�e rxriran�m uf thn rr�+��c.Lender may mvoke am}
<br /> � remedies perm�tted by th�s Secunty Ins�rument a•uhout further nni�:r rr drmand��n Hc�rmK�er.
<br /> ...d.��..... ILurnu•f+r thnl! have tFl!flCllt 10 I18V�
<br /> -- - _ ; 18.Bonower's RiREat to iceinscace. ii n����.�»�� ���e�:s r:;a::::............. _..... _
<br /> �. i enforeemen�of this Sec�nt� Instrument disc�mUnued at an}�nme pne�r t u the rarlier��f.la)S days lor such othe�{xnud as
<br /> , � apphcable law map specd�• for re�ns�atementl Mefore+alr��f the Property pur�uant tu an}�Fx►wer of wle contamed�n this
<br /> � ( Secunt) Instrurrtent.or Ib)entn�of a�udgmen� enfc�rcm�thn ye�unt�• Inr�rumrnt Tho�e cond�uon�arc that Borrower
<br /> (a)pays Lender all sums wh�ch then would be due under th�s Secunt> Imtrument and the Note had no accelerat�on
<br /> occurrcd; (b) cures an� default ef any other rn�en�nts or agreements: Icl pa�� all rapentie+ inrurred in enforrmg this
<br /> Secunt�• Instrurrt�Rt. �e�cludcng, hut not hmued te,rasonable attorney�' im. and Id)take��uch acc�on a5 Lender mny
<br /> rasonably reqwre to assure�hat the hen of thas Secan�y Ins�rument. Lertder ti nght�in the Pmpertc and Uorrower'ti
<br /> obligahon ro pny� the �ums �ecured by this 5ecunt� Instr�rnent shall cant�nue unehanged l.'pon remstatement by
<br /> BoROwer,this 5ecunty Inscrument and the obhgations secured e�eret�y ahall rcmain(uI[y efE�cc��e u+d nu accelerauon hyd
<br /> . oeeurced.However,this nght to remstate shall not apply m the cvyr nf ucelera�ion undu paragraphs I 3 or 17
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