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<br />88-105341
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<br />If lender required mortgage insurance 85 a condition of making the loan secured by Ihis Security Instrument,
<br />Dorrower shall P.:J.Y the premiums required to maintain the insurance 1n effcct until such time as the requirement for the
<br />Insurance terminates in accordance with Borrower's and Lender's written agreement or applicable Inw.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the ProperlY. Lender
<br />shall gj,.c Borrower nOlicc at the time of or prior 10 an inspection specifymg reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential. in connection with
<br />an)' condemnation or olher Inking of any part of lhe Property. or for convcynm:c in lieu of condemnation, are hereby
<br />assigned and shall be paid to lender
<br />In the e\'ent of a tolnl takmg nf Ihe Property. Ihe proceeds shall be applied to the sums secured by this Security
<br />Instrument. whether or nOI (hen due. with any excess paid (Q Borrower, In lhe t"venl of n 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 amount of the proceeds multiphed by the following fractinn: (a) the lotal amount of the sums secured immcdiatdy
<br />before the tllkmg. di\'ided b)' (bllhe fair market value of the Propeny Imm~ialely before the taking, Any balance shall be
<br />paid to Borrower
<br />If the Property l!'l abandoned by Borrower, or if. after notlcc hy lender 10 Borrower that the condemnor offers to
<br />make an award or seltle a c111im for damages. Borrower faib to rc!'!pond to Lender within 30 days after the date the notice is
<br />given. Lender is authorized (0 collect and apply Ihc proct.'eds. allls option, eit her to rest~ration or repair of the Propeny or
<br />(Q the sums s~ured by Ihis Security Inslrument. wilt.ther or nOlthen due
<br />Unless lender and Borrower olherwlse agree in wrillng. any application llfpraceeds to principal shall not extend or
<br />postpone Ihe due date of the monthly pn)'mcnt!a referred to 1tI paragraphs I and 2 or change the amount of such payments
<br />10. Borrower ;\iot Released; Forbearance By Lender Sor a Waiver. Extension of the time for payment or
<br />modification of amnnizalion of the ~ums ~c!.:ured by Ihi~ St."Cuflty Instrumenl granled by lender 10 any successor in
<br />mterest of Borrower ~hall nol npcrale 10 rclell\e the Iiahilll)' of the oflginal Borrower or Borrower's successors in interes!.
<br />lender shall nol he requlft:J to I.:ommen.:c prncccdltlgs agl1l1lst any ~UL:L'CSs.or 1tI inter~t or refuse to extend time for
<br />payment or othcrwi3e modify affioftlZ3IUm oflhc 'aums ~ccured hy 1111~ SeL.urity (n~lrumcnl by reason of any demand made
<br />by Ihe- onginal Borrower or Borrnwer's !.ueccs\Dflo,lTIl1llerc!tl_ Any fnrhearance hy Lender in cxercising any right or remedy
<br />shall nOI be a waiver of or pre-c1ude lhe eXerL'l~e of any nght or re-OlctJy
<br />11. Successors and Assigns Round; Joinr and Scycral Liability; Co-sIWlcrs. The cm'cnants and agreements of
<br />thl~ Security Instrument shall hmd and henefi1the SlIcct."Ssnr!> and aS~lgm nflender and Borrower. subject to Ihe provisions
<br />of paragraph 17. Borro....'er.'a co\'enunt'" and agreemeJ11'i ",hall he )lllJ1t and se\'eral. Any Burrower who co-signs this Security
<br />In~trument but dot.~ nul ellc(:Ule the Nnlc (n)I" Cll-'ilgmng Ih" Sceunly In~trumr:nl nnly to mortgage. grant nod convey
<br />that Borrower'", 1n1ere-.t In Ihe Property under Ihe- lerm~ uf thl~ Se....uflly In..lrumel1t; (hi I'" 111l[ persnnally obligated to pay
<br />thc sum!'! secured hy thl!'! Sccurl1)' In~lrumenl. and (1.:1 llgft:o Ihal Lcndcr and imy lIlher Borrllwer may agree to eX1end,
<br />modify. furheur or make any a....commodatlnm wllh regard 10 Ihe Icrms of Ihl~ Secuflly In!-.Irument or Ihc Note without
<br />that Borrower'~ consenl
<br />12. Loan Ll1arges. Iflhe Joan !>Ccurcd by Ihl~ Sccunty [n..trumenlls !'!ubJecllo ala\\1 which ~cls maximum loan
<br />chargt."S. and thaI law I" finally m1erpreted 'an Ihat the mlerc,t \lr other hmn chargc~ ctlllt."Cted or 10 be collecled in
<br />connt'clloll with Ihe loan e....ceed the pernllllt.-d hmit!.. 1hen. In) any 'iuch loan charge shall be reduced by the amount
<br />necessary to reduce the charge tn Ihe permit led hmlL and (h) any !tUIl1!t already collecled frnm Borrower which exceeded
<br />permlltt.-d hml1\ Will he refunded In Borrower Lender may dlOn~c 10 make tlm refund h~ reducll1g tht: pnncipal owt.-d
<br />under the Note or b~.. makmg a direct paymenl1n Rnrro.....er rf a refund reduce!> pnnclpal. the reduclion will be treated as 11
<br />partlnl prepayment WtlhllUI an} jlreraymenl dlarpc under the NolL'
<br />13. LeRlslallon AffectinR, Lcnder's Rlll.hb. If C'lIal.'lInenl Ilr e:'l.plr:tlllltl llf applicable IllW!\ ha!> the e!Tect of
<br />rendermg any rrovl!\lnn of1he Note nr thi!. Sccuflly In'lrumclIt unL'nforct.-ahlC' ..Jl.'cmdlllg In If', lefln... Lender. at i1~ oplion.
<br />may require immedmll' payment III full of all ..urn\ ..et'urr:d hy Ihl\ SeCUfll) 11I'lrUlnenl and may ItIvnke any remedies
<br />penntlletl hy para!tTllph IQ If Lelldt."r L'xcrCI~ Iht.. option. Lender ..hall lake Ihe \ICP" ..pe....ified In fhe 'iccond paragraph of
<br />paragraph }7
<br />14. Sotices. l\n~ IIIltll.:e 10 Borrower pfll\Hled for III lhl... SeL'unly lll~lrumclll 'ahall hc gIven hy ddivering Illlr by
<br />mailing It h~- tir't da.... mutl unlt.'S!'! apphcable law regutre. u!te Ill' another method, The noll....e ...hall be direcled 10 Ihe
<br />Propeny Addrc,\ or any other addresti Borrower designate:-.. hy nnltce tn LClldcr. Any nOllcc 10 lender shall be given by
<br />first cla!>\ mati tu Lender', addres!'! staled herem or any other addre!o.!> lender de!'!lgnah,'" h~ nollct' tu Borrower. Any notice
<br />proVided for m thl" Secunty Instrument shall be deemed to ha..e been glHIl to Borrower or lender when given as pmvided
<br />In tlll~ parllgrllph
<br />15. GonrninR; Law: Senrabilit)'. ThiS Se\,'unIY In\irument ..hall he g,owrned hy federal law ilnd lhe law of Ihe
<br />junsdlctlollltl \\-hlch the Propeny IS located, In the eveJll that any prm'I!lIOn or c1au'ae of Ihl!'! Securny III~trurnenl or lhe
<br />Note connlct~ wllh apphcable law. such conflict \hall not uffect other provl~lons ufthl" Security [n~lrumt:n1 or Ihe Nole
<br />which can be Ip\.c:n effa.:t without (he conflicting provi!>itlJl. To 1hl~ end the prO\'I~ltln~ oflh" Secunty (l1~trumenl and Ihe
<br />Note are declan:d 10 he !'!c"'erable.
<br />16. Borrower's COP;)'. Borrower \hall be: given one !.:onformed CIIPY of Iht: NOh: ilud Ilf Ihl~ SecufllY In~lrumt:nl
<br />17. Transfer of the Property or a Beneficiallnreresr in Borrower. If all or any parl of Ihe Property IIf all}'
<br />mlcro( IJlIt I~ ..old ur 1ramferred (or If a bel1cficlallnlef~t in Borru.....er IS ~old ur tran~ferrctl and Burro.....er I" nOI it natural
<br />penon) without lender'~ prior wriuen con~nt. lender may, at lh option, require lInmedlale paymenl in full of all 'aUIl1'
<br />'>CCurcd by this Securit) Instrument Howe...er. thi!> optum !'!hall run be cAell.:l..ed b} Lender If e.l(erci,~ i!> pruhlhlleJ h)
<br />fedemlla\\' CUt ufthe dale of this Secunt}' In!ttrument.
<br />Jf lender C....Crl;ISO Ihis oprinn. lender shall gi...e Borre)wcr 11011("e Ill' acccleralltll1, The ntllh,:e 'ahall Pfll\'lde a pCfHlL.l
<br />OfnOllo."lhan 30 day!. from the dal~ the no1lce IS dehvered or mailed ",lIl1m ""iudt Uorruy,cr muo;t pay .111..ums !'!ecun:tl h}
<br />thl~ Sc:eunt)' In!'!trumcnl. If Borrower foils 10 pay Ihese ~um~ pflilr [n the e"plrallon \lftlm penl1J. Lender may ltl\OKe illl~
<br />remedlcs pemutted by thl!> Sccunty Inslnlment WI thou I funhcr nollee ur demand on Borrower.
<br />18. Borrowel"lI Righr to HeIMta'e. If Harrower meeb certam Ctlmhlulll.... Borrm\.cr 'ahall hun.' Ihe n~ht 10 ha..C'
<br />enforccmro( oftht!!. Security Instrument Ih!>ConllOued at any lime: pilOT 10 Ihe: earlier or. (al ~ day' (or ..ueh other pe:nod OJ,
<br />apphcable la", ma)' \pe:clfy fur r~m'il1l1ement) heforc sale of the PmpcrlY rUC,uullt In all) pm\ocr III' ..ale clllll..JlIlI.'d 111 11m
<br />SccUfll) InSIrUmcnl. Dr Ib) enlr) of 11 judgment enforCing th... SCl.:unl)' IrhlrUmell1. Tlw\C CllllLhllllTl' arc lhul (Jilrrmh'l
<br />(a) pay!> lender all !'um!. ~'hIL'h Ihen would he due under (hili St'1."unl~ Imlrumefll and the .....Oll' had till ;h;n'iL'tlllllltl
<br />occurred. (0) curer. lln) ddauh tlf uny other covc,:nant", or agreemellh, (e J pay' all Cllpt:II\C' lIIcurrcd In cnlmclll~ 1}1I'o
<br />SecUfll~ Imlrument. IOcludmg. but nul hmned 10. reaMJllable 1J1Iorncy,' fcc" and (0) lake.. 'Udl aI.:llIllI ,,," I.t'ndcr ma~
<br />rea~(J"3bl)' require (lJ iI~!'!urc thai the hen uf Ihl~ Sa;umy Instrumenl. LenJel'~ rt~lll' In Ihe: Plllpe:r1) and Ulltlll\\'l"I'..
<br />ubhpllon tu pa) the '\um"l "oCCura1 h) Ihl'i Sc1.:unty In!'!lrumenl \hall \:UI1IItlUC un1."hanged l'f'\lll relll'olill(,ll\C'1I1 t-o,
<br />8orrm.er. Iha,. Sccuut) In,trumenll1nd Ihe obhpllon' !lccurro hereby '\hull rcmam flllh c:lT('('tl~C' il' 11 III' .lu:r\c:',IIlIll\ h.ld
<br />("Ol;n.ncd tlll...e~c'. 1hl~ T1Khl tu mn!lllllc \hall nnlllpply In Ihe l.'l1!oC nl lll~cclcraltun unJcI piH .I~laph, 111" 1 "f
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