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<br />88- 104630
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<br />If Lellder required mongage insurance as a condition or makillg the loan secured by this Security Instrumellt.
<br />Borrower shall pay the premiums required to roninlnin the insurance in effect until such time as the requirement for the
<br />insurance termionies in accordance with Borrower.s and Lender's wril1en agreement or applicable law.
<br />8. Inspection. Lender or ils agellt may make reasonable elllries Upoll and inspections or the Propeny. Lender
<br />shall give Borrower nOlice at the time of or prior 10 an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential. in conllection with
<br />any condemnation or other laking of any part of the Property. or for conveynnce in lieu of condemnation. are hereby
<br />assigned alld shall be paid to Lender.
<br />Illlhe evelll ora lotalla.king oflhe Propeny. the proceeds shall be applied to the sums secured hy this Security
<br />Inslrument, whether or not lhell due. with any exoess paid 10 Borrower, llllhe event or a panial takillg of the Propeny,
<br />unless Borrower and Lender otherwise agree in writillg, lhe sums secured by this Security Instrument shall be reduced by
<br />the amounl or the proceeds muhiplied by the rollowillg f,'aelion: (a) the total amoulll or the sums secured immediately
<br />berore the taking, divided hy (b) Ihe fair market value or the Propeny immediately berore the takillg. Any balallce shall be
<br />paid 10 Borrower.
<br />lf the Property is abandoned by Borrower. or if. after notice by lender to Borrower that the condemnor offers to
<br />make all award or settle a claim for damages. Borrower fails 10 respond to Lellder within 30 days afler the date the llolice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Propert)' or
<br />to the sums secured b)' this Security Instrument. whelher or not then due.
<br />Unless lender and Borrower olherwise agree in wriling, an)' application of pnlCeeds 10 principal shall nol extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or changc the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extellsioll or the time for payment or
<br />modification of amonization of the sums secured by thifi SecurllY In!itrumenl granted hy lender 10 any successor in
<br />mterest of Borrower shall nol opcrale to release Ihe liability of th~ unginal norrower or Borrower's successors in interest.
<br />Lender shall not ~ required to commenc/: proceedings agllinst any ..UCCt."S!'tllr in interest or refuse to extend time for
<br />paymcnt or otherwise modify amonization of the sums secured by thl\ SC1:urity Instrument by rc..-ason of any demand made
<br />by the original Borrower or Borrower's successors in mterest. An}' fnrbcarath:e hy Lender in e:\ercising any right or remedy
<br />shall not be a waiver afar preclude the tJLercise of an)' right or remedy
<br />11. Succ.....", and Aullllll Bound; JoInt and Se,eral Liability; Co-.IRne.... Th< Cllv<nallls alld agreemellts or
<br />this Security Instrument shall bind and benefit the: successor!> and 1l~0lj,1gn5 of Lender and Oorrnwcr, SUbjl'CIIO Ihe provisions
<br />of paragraph 17. Borrower's covenants and agreement!; shall be jOint llnd ~c:\'crul, Any Bmrnwer who co-signs this Security
<br />Instrument but doe1o nol execute the Note: (a) 1S c()4slgmng Ihis. Sccunly (nstrumcnt only 10 mortgage, grant and convey
<br />that Borrower's. interest in the Property under the' terms. nf thl\ Scx'unt)' In,1 rumenl: (hi '"' nol pcr",onlllly llbligl1led to pay
<br />thc sums ~ured by thi!!. Security [nstrtlment: and (c) agrct.~ thai Lender and any other Uorrower mny agree to extend,
<br />mochfy, forbear or make an)' accommodation~ wirh regard III the lerm~ or Ihi\ Secunty Instrumcnt or the Note without
<br />Ihat Borrower's con!.Cnt.
<br />12. Loan Charseso If the loan !.eCured by this Sccunly Instrument i~ !<lubjecl tn alaw ",'hich 'i~lS mUJl.imum Inun
<br />charges, ilnd thul law is finally inlerpreted 50 that the lnterest or other lonn I,;hurgc~ collect cd or In be collec:lcd in
<br />connection with the: loan exceed the permitted limits, then: (a) any such loan charge shilll be reduced by Ihe amounl
<br />neccs!Wlry to reduce Hie charge: to the permitted limil: and (b) any ~ums already cllllel'ted from narrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may chouse In make Ihl.. rcfund by rcdu\'"ing the principal owed
<br />under the Note or by making a direct payment to Borrower, Ifa refund reduce. pnnc1pal. Ihe floduction will he trcalt.-d as a
<br />partial prepayment without any prel'aymellt charge under thc Note.
<br />13. l.eldslatlon AlfeelinR Lender'. Rl!lhtl. If <naclmenl or <xporalinll nr applicahle laws ha, th< effect of
<br />rendering any provi~ion of the Note or 1111'1 Secunty Instrumenl unenforceahle acclIrdl1lg In II'!. Icrm:"l, Lender, at it~ opllon,
<br />may require immediate payment III full of all ~ums \Ccured by thiS Securil)' Instrumel11 and may in...oke any rcmcdiL"S
<br />pcmlittcd by paragraph Iq. If Lender exercise!. this. option, Lender shall take the ~tep" \(lCClfied In Ihe o.;e:cond paragraph of
<br />paragraph 17.
<br />14. Notites. An) nol1ce to Borrowcr provided for In thi!:! SecunlY In\lrumenl \hall he given hy delivering it or by
<br />mailing it by firM c1a.\iS mail unl~ apphcable law requires use of another nu:thud. The notice !tohall be directed 10 Ihe
<br />Properl)' Addro'!! or any other addrcs~ Borrower de.'iignBtcs by nOlice to Lender, Any notice to Lender shall be given by
<br />first class mail to Lender'!\ addrcss. ~lBled herein or any other addr~!Il...ender de!)lgnlllc~ by IIlHice 10 Unrrowt.'T. Any notice
<br />provided for in this Security Instrument !thaI! be deemed 10 have been given to Borrower or Lender when given as provided
<br />ill this paragraph.
<br />15. Go'ernlq Law; Se..rabillty. TIll' Secunt) Illslrumelll ,hall he gll\<rned h)' red<rallaw and the law or the
<br />juri~iclion in which the Property is located_ In the c\'cnl thut any pro..-i.sion or clau\c of tlll~ Secunly In!tfrumenl or Ih~
<br />Note conOiel!>> with applicable law, such conflict \hall not affecl other provisions. of thi!>. Security Instrument or Ihe Note
<br />which can be givCJ1 effect without the conflictmg provi!oIOIl. To thl\ end the provision!\ lIrthi, Security In!lotrumenl and Ihe
<br />NOle are declared to be severable,
<br />16, Borrower's COP)', Borrower \hall be gi\'cn one conf(lrmed copy I1f the Note and (Jf thi~ Secunty ln~trum~J1t,
<br />Ii. Tr&II5fer of Ihe ProperlY or a Deneficiallntercst in Borrower. If all ur any part of the Prnp~rty or an)'
<br />mterest in it is sold or transferred (or if u bencficlUl interest in Borrower i!>. sold or tran~ferred and Borrower i~ not it mJlural
<br />person) without Lender's. prior wriuen cOIl~nl, Lender may, allb option, require immediate payment in full of all ~ums
<br />secured b-y this Security Instrument. Howcver, thi!) option <jhall nut be exelci~l-d by Lendcr if cxerci..t IS prohihited by
<br />federal law '" llrthe date orthis S<.'Curily Inslrumellt.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleratiun, The notice ~hall provide a perilld
<br />of not less than 30 days from the date the notu:c lS delivered or mailed within which Borrowcr mu~1 pay 1111 \um\ !olc\."urcd hy
<br />this Security Instmmenl. If Borrower fails to pay these !Ioums prlur 10 the expiration of ,hi.. pennd, Lender muy ill\okc uny
<br />remedies permitted by this Sccuril)' Instrument without further notice: ur demand on B(lrrow~r,
<br />11. Borrower's Rlaht 10 ReiDltate4 If Borrower medii certain conditlOn\, Borrower ..hall h.l\'e the right to huve
<br />enforcement of this. Security Instrument discontinued at any lime prior tllthe earlier of: (n) 5 du)'.. (or ...uch nther pcriod 3!J
<br />applicable law may specif)' for rcin!Jtalemenll before ~lc of Ihe Prorerl~ pUPiuanl to any power of ...ale cnnlalJlcd 111 thi!t
<br />Sccurit)' JnstTumcnl~ or (b) enlry of a judgment enforcing lhl~ Sef.:unr) In~lrUlnr:n1 Thn'tc Clllllhlll.lIl~ arc thaI Horruwcr:
<br />(0) pa)'s Lender all sums ~hlch then would be due: under Ihl\ Secunt)' IU!ttrumcnt and the Noh: had nu uccdcnuiun
<br />occurred; (b) '"UfO Bny default of any other cO'o'cnanls or agrecmenb; (e) pay'!> all c).pcn...c!'o Im:urrc:J in enforcing Ihi!\
<br />Sc:curil} Im.trumenl. rncluding. bUI nol IUl1Ih.-d to. rCD!.onablc attorney" fl'l",. and ld) ta\..L" -,uL.'h aL.'tlOlI il~ 1.~f1lkr mOl}
<br />rcawnabty require tn aS5ure thatlhe: he:n of thiS Secunt)' In!:!trumenl, Lender'.. nght!t In [he Propert) .1I1J Unrm....l.r.'
<br />obhgatlOn 10 pa) the \um~ \.CCurc:d by 1hi!l Sa:Uf1ty In~lrumcn' ..hall L:UnllTlllc unchangeu l'pon rclI\...tatelllelll h}
<br />UnrroT,l,Cf, ,h.,. Sccuri1) IIl'l,uUIIlCIII and lhe uhllgallon' \cl:ured he:reb) \hull remain rull) drl'\.:t1~I." ll~ If IlP .h:l.:def ;It\lHl had
<br />lM.:curn:d If C''WI c'Ioc:'r , Ihl' nghl In rCIn'lotatc 'lohlllllll)1 appl) In the \:3'(' l,f aL'cd("raIJI\1l ulllkr p.trag:raph.. 1 \ I'f I j
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