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<br />88- 101618
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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance In effect until sllch time as the requirement for the
<br />insurance termlllates in accordance with Borrower's and Lender's wrlllen agreement or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable enlrles upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection speCifying reasonable rause for the in~pection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential. in conneclion with
<br />any condemnation or other taking of any part of the Property. or for conveyance l/I lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a tota] lakmg of the Property, the proceeds shall be apphed to (he sums secured by this Security
<br />Instrument. whether or not then due. with any excess paId to Borrower. In the event of a partial taking of the Property.
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amoulll 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 Property Immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if, after nollee by Lendcr to Borrower that the c::ondemnor offers to
<br />make an award or settle a claim for damages, Borrower fails 10 respond to Lender wllhin 30 days after the date the notice is
<br />given. I .ender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to lhe sums secured by this Security Instrument, whether or not then due
<br />Unless Lcnder and Borrower otherwise agree in writing, an)' Ilpphcation of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of sucb payments.
<br />10. Borrowcr Not Re!eJ1sed; Forbearance By Lender Not a Waiver. EXlension of the time for payment or
<br />modification of amortization of the sums secured by this Seeunty I flSl rumenl granted by Lender 10 any successor in
<br />interest of Borrower shallnol operate to release the liabillly of the original Borrower or Borrower's successors in interest.
<br />Lender shall nOI be required to commence proceedings against any successor in Interest or refuse to extend time for
<br />payment ur otherwise modify amortization of the sums secured b) IhlS Secllnly Instrument by reaSOn of any demand made
<br />by the original Borrowcr 0r Borrower's successors III interest. Any forbearance by Lender in exercising any right or remedy
<br />shallnol be a waiver of or precludc the exercise of any nght or remedy.
<br />11. Suecessors and Assigns Bound; Joint and Several Liabilitr: Co-signers. The covenallls and agreements of
<br />this Security Instrument shall bllld and OCllefilthe successors and assIgns of Lender and Borrower, subject 10 the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be Joint and several. An)' Borrower who co-signs this Security
<br />Instrument bUI does not execute the Note: (al is co.signing this Seruflly Instrument only \0 mortgage, grant and convey
<br />that Borrower s interesl in the Property under the terms of this Security Inslrument: (b) is not personally obligated to pay
<br />the sums secured by this Secunly Instrumenl; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modijy, forbear or make any accommodations with regard to the lerms of this Secunly Instrument or the Note without
<br />that Borrower\ consenl.
<br />12. Loan Charges. If tJ-,e loan secured by this Security Instrument IS subject 10 a law whit:h sets maximum loan
<br />charges, and that law is finally Interpreled so that the intert;<,t or othcr loan charges collccted or to be collcctcd in
<br />connection with the loan exceed the permltled limits. then: (a) uny such loan charge' .,hall be reduced by the amount
<br />necessary to reduce the charge to the permilled limit; and (h) allY sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make IhlS refund by rcducmg the principal owed
<br />uJlder the Note or by making a direct payment 10 Borrower If a refund reduces princ::ipal, thc reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactmelll or expiration of apphcable laws has the effect of
<br />rendering un)' provision of the Note or this Security Instrumelll unenforceable act'llrdmg (() liS terms, Lender, at its oplion,
<br />may rcquirc Immediate payment in full of all sums secured by thIS Secuflly Instrumcnt and may invoke any remcdies
<br />perll1ll1ed by paragraph] 9. If Lender exerCIses this oplion. Lender shall take the steps speCified in the second paragraph of
<br />paragraph 17.
<br />14. ;"\Ootices, Any nmice 10 Borrower providcd for III tillS Secunty Ins(rumellt .,hall be gIven by deli\'Crlllg il or by
<br />rnalllll!! II by first class mail unless applicable law rcqUlres use of another mcthod. The notice shall be directed 10 the
<br />Property Address or any other addres'> Borrower deSIgnates by notice to Lender. Any notice 10 Lender shall be givcn by
<br />first class mail to Lender's address stated herem or any olher addres,> Lender designates by notice to Borrower. Any not]{.c
<br />prllvided for In this Secuflly Instrument shall be deemed to have been gJ\'en 10 Borrower or Lender when given as provided
<br />in IhlS paragraph.
<br />15. Governing Law; Severability. Thi., Secunty Instrument shall be go\erned by federall,lw and the law ofthc
<br />JurisdlC::tlon III which the Property is located. In the event that any prO\'lslon or clause of this Securlt) Inslrurnent or the
<br />Note conflicts with applicable law, such conflIct shall not affect other proVision., of tillS Security Inslrument or the Note
<br />whIch can be gJ\'en effect wnhout the conflicting provision. To this end the prOVlSlllns of thl, Security Instrumcnt and the
<br />Note arc declared 10 be severable.
<br />16, Borrower's Copy. Borrower shall be given one conformed copy of the ~<1te and of tillS SenlTlty Instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If ali or any pari of the Property or any
<br />mtert:5.t III It is sold or transfcrred (or if a benefiCial inkrcst III Borrower tS sold or t rallsferred and Borrower IS not II nat ural
<br />person l without LCllder's pTlor wrillen cOllsent. Lender may, at I1S option, reqUIre Immediate payment III fu!! of all sums
<br />secured by thIS Security Instrument. I-1owc\'er, thiS opllon shall not he exerclscd by Lellder If exerCise IS prolllhlted hy
<br />federal law as of the date of this Security Inslrument.
<br />If Lender exercises tillS opllon, Lender shall give Borrower nOllce of acceleralloll. The notice ,hall pronde a peTlod
<br />of no I less than 30 dap, from the date the notice IS dehvered or mailed .....nhtri wlllch Borrower must P,I) all SIIlIlS senlfed hy
<br />Ihl.. Security Instrument. If Borrower fails to pay these sum.. pTlor to the explralJon of tills pen"d, lender ilia) In\oke all)
<br />remcdle.. permltkd by thl!. Security IlIstrumenl wit30ut further notice or demand 011 Harrower
<br />18. Borrower's Right to Reinstate. If Borrower mcets certain cOlldlllllns. Borf()\\er ,hall han' Ihe nghl I" have
<br />enforcement of this Security Instrument discontinued at any lime prior to the earher of. (a) ~ days (0: .,ueh 01 hu period a,
<br />applicable hi"'" may specify for rClmlatement) before sale of the Property pursuanl In any power,.f Silk UlIIlillfleu In I hi,
<br />SecUrlly Inslrument; m (b) entry of a Judgment cllforcmg this Seeunty Inslrulllelll. Thuse conJlll(lIlS lIrc Ihal IlOHOWt'[.
<br />(a) pays Lender ull sums which then would be due undcr thiS Secuflty In..trument and Ihe Noli: h:\d 110 ilcL"l'leratloll
<br />occurred; (b) cures &ny default of any other t'ovenanl~~ or agreements; (c) pays all expen,e, HKurrcd III cnfllrl'lnj\ th...
<br />Scn..nl~ lmtrument, induding. but not limited to, reasonable allorney'" fee..; and ~dllake' 'Udl ac(t,m .IS I <'IIU," m:\}
<br />reasunably reqUIre to assure that the lIen of tillS Set'unty Inslrumcllt, Lellder', nghts 111 Ihe Pln!'l'II, alld B(\rl<,"cr's
<br />obhj1,lItlllll III pay the !'oum~ ~t.t'ured by 101\ Secunly hlslrument shull contlnuc unchangnt 11'(\11 r,'lIls(al..fTll'1lI b,
<br />1101 rower. tillS St'l;unly I "S!rument und the obligatIOns M:curcd heft'by shall rcmalll flJll~ elkc'r I'" ;1' Jln" .ICCTIl'1 ;Ill"fl h"J
<br />tlce urrc(\ II"", nc::r, '0" nght III tcmstau~ ..hall nOlappl)' 111 I he l'as," llf iICt'cleral Il'fl .lIlller [>;1/ "~r,,p~" 1 1 "I I'
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