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<br />88-
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<br />105505
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<br />If Lender requITed m(Jrlgngc In~urnnce us B condltllm l)r makmg the loan secured by Ihis SCl.:urity Instrument.
<br />B\)rrowcr shall Jla~ the premIUms reqUired to maintoin the Insurance in C(fcct until !tuch time U!'o Ihe requirement for the
<br />m!turuncc Icmllmll~ in accordance with Borrower's and lender's wnltcn agreement or applicllbh: low.
<br />8. Inspection. Lender or its agent may make rca.~onabJe entries upon and inspections of the PrC'perty. Lender
<br />shaJI gi\'c Borrower notil:c at the time of or pnor to an inspection specifYIng reasonable cause for the inspection.
<br />9. Condemnution. The proceeds of allY award Of claim for damages. dire:cl or consequential, in connection with
<br />any condemnation or ('IIher taking of any part of the Property, or for conveyance in lieu of condemnation. are hereby
<br />assigned and shnll be paid to Lender.
<br />In the c\'cnl of a [otal taking of the Property. the prnceed" shall he applied to the 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 />unles!> Borrower and lender otherwise agree: in writing. the sums secured by this Security InS1rument shall be reduced by
<br />the amoun1 of lhe proceeds multiplied by the following fraction: (a)lhe 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 Propeny IS abandoned by Borrower, or if, after notice by Lcnder to Borrower that the condemnor offers to
<br />make an award or sell Ie a claim for damages, Borrower faib to respond to Lender within JO days after the date the notice is
<br />given, lender IS authorized 10 collect llnd apply the proceeds, at its nption, cither to rcshlration or repair of the Property or
<br />to the sums secured by this Secunty Instrument, whether or nut then due.
<br />Unless Lender and Borrower otherwise agree in wrltlng, any apphl:atiun nfprocced!. 10 principal shall not ex.tend or
<br />postpone the due date of the monthly paymenls referred In in parllgruph.. 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance D)' l.ender Sol u Wahcr. E:\lension of the time for payment or
<br />modification of amonization of the sums secured by thiS SeL~unly In..lrument granlcd by Lender 10 any successor in
<br />Interest of Borrower shaH not operdte to release Ihc liability of the ong1l1al Borrower or Borrower's successors in interest,
<br />Lender shall nol be required 10 commence proceedings llg.am~t any "Ul"cessor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the !.ums sccurcd b} thl!. Secunly Inslrumcnt by rcason orany demand made
<br />by 1he original Borrower or Borrower's successors in intcresl, Any forbearancc by Lender in excrcising Ilny righl or remedy
<br />...hall not be a wai\lcr of or preclude the exercise of any righl or remedy
<br />11. Successors Rnd Assigns Bound; Joint and Several Liabilily. C()wsi~ncrs, The covenanls and agreements of
<br />Ihl!> Secunty Instrument shall bind and benefit the successnrs and lls!.lgns llf Lender and BnrrClwer, subject 10 the provisions
<br />nf paragraph 17. Borrower's covenan~s and agreement!l. shall be Joint and several. Any Borrower who co-signs Ihis Security
<br />In~lrumcnt bUI doo not execute the Note; (a) is co-signing this Securi1Y Instrumen1 only to mortgage, grant and convey
<br />thai norrowe(~ lOtere.t In the Property under the terms of Ihi!'. Securily In!.trumelll; fhl is not personally obligated to pay
<br />Ihe ~ums secured by this Security Instrument; and (c) agrees thai l.ender and allY olher Borrowcr may agree to extend,
<br />modify. forbear or make llny IIccommodations wnh regard to the term!. of ttw. Security Instrument or the Note without
<br />I hat Borrower's consent.
<br />12. Loan Charges. If the loan secured by thiS Securuy Instrument I!. subJcct to n 111w which sets maximum 101m
<br />charges. and that law is finnlly interpreted so thot the interesl or other loan charges collected or to be collected in
<br />connecl1on with the loan exceed the pennittcd hmlls, then: (n) any such loan L:harge ..hall be reduced by Ihe amount
<br />Ol"C~!tllry to reduce the charge to the permll1ed Iimll; and (h) any ~ums ulready collect cd from Borrower which exceeded
<br />permitled limits will be refunded tn Borrower Lender may choose to make II11S refund by reducing the principal owed
<br />under the Note or by making a dUl.'Ct paymenl to Borrower Ifa refund reduce!. pnncipal. the reduclIon will be treated as a
<br />partial prepayment withoul any prepayment charge under Ihe Note.
<br />13. Legislation Affecting Lender's RIRhts. If enactment or nplrallon of appliL:able laws has Ihe effect of
<br />rendering any proviSion of the Note or thiS SCL':urity In..trumenl uncnfnrccllhlt- al."l"ord1l1g tll its terms, Lender. al its option,
<br />may rcqulre immedtat-: payment III full of all sums secured by thl!. Sef.:UrIlY Inslrument and may invoke any remedies
<br />permitted by paragraph ICJ. If Lender C'.\efl:I~(."!'t.lhl" opium, Lendcr "halltakc the steps specified in the second paragraph or
<br />paragraph 17.
<br />14. Sotic:es. Any notice to Borrower proVided for in thi.. Secunly (n..trumcnl shall be given by delivcring it or by
<br />mailing it by first dass mUll unless apphcable law requires use of ullnlher melhod The nolicc shall be directed 10 the
<br />Property Addres... or any other addro.s Borrower dC'Slgnatl"S by nolll..'C' to Lender, Any nollce lCJ Lender shall be given by
<br />first cia-liS mail to Lender's address !-otatcd herelll or any mher addrl."!.!. Ll:lldcr designale.. b}' Tloticc 10 Borrower. Any notice
<br />provided for in Ihis Security Inslrument shall be dcemed tn hO\lc been given In Borrower or Lender when givcn as providt:d
<br />In this paragraph
<br />15. Gonming taw; Severability. This S~urny lnstrumcnt shall be gOH:rnt:d by federal law and the law of the
<br />Junsdlction In which the Property is loca1ed. In the event thllt IIny provlslnn or dause of Ihls Security In..trument or the
<br />Note conflicts with applicable law, such conflict shall not affcct olher prO'o'.i!.ions of this Security Instrument or the Nole
<br />which can be gtven effect without the ~onnu:tlng pnwlslon. .1'0 thl!> end the pnlvisiol1s of Ihls Security Inslrumenl and the
<br />Note are declared to be se....erable.
<br />16. Borrower's Copy, Borrower shall be gwen one conformed CI'PY of the Nole and of Ihis SecurilY Inslrumenl.
<br />17. Transfer or the Property or a Beneficial Interest in Borrower. If all or an} part of the Propcrty or any
<br />Inter~11n It IS sold or I" ans.ferred (or if u beneficial interest in Borrower I!. !)oJd nr tran!tferred and RIlrrnwcr is not a natural
<br />person) wllhout Lender's prior wnth:n consen1, Lender may. at ilS option, require immediate payment 10 full of 1111 sums
<br />secured by lhls Security Instrument However, IhlS option shall nol be exercised hy Lendcr if exen.:i!!lc I" prohihlted hy
<br />federa11aw as of the dale of this Secunt\ Instrument.
<br />If under ncrcises this option. Lender shall gl'o'"C Borrower notice of acceleratJotl. The nol1ce 'ihull prnvlde Il pl'riod
<br />ofn011ess than 30 days from the date Ihe nollce I!> deli\lered or mailed within which Borrowcr mu..t pay all..um!<t !.ecurcd by
<br />Ihl" Secunly In!lotrument. If Bon 'wer rails 10 pay thl.~e !>ums pnor to the cxplfaWm of Ihi'i period, lender may U1\1llke any
<br />n:medlcs permitted by Ihis Secunt}' Jnslrumen1 without funher nOllce ur demand nn Borrower
<br />18. B0rr01l'ufs Rlpt to Rein!iCace. If Horrower mecb certain cond1l1nn!'t, Borrower "hall ha\lc Ihe rlghl III hil\>c
<br />enforcement of1hl!i Secutit)' Inslrumenl dl!'>Colltinued at any time prior In the earlier 1If. la) 5 day.. lllr !.uch III her pCrl11d a~
<br />applicable la..... mB)' 'ipeclf)' for reinstalemenll hc:fore ~l1le of the Property pursuanl Itl iln~' po.....er of ...ale r,,'tllltamcd 11\ Ihl"
<br />Secunty In~trumC'nl; ur (b) enlry (If a JudE!mc:nl enforcing thiS SecUrlly In~trumel\l Tho..e cnnc.JIIHUI" IIrc IlIat Burrllwer
<br />la) PAY~ Lender all 'iums which then would he due under Ihis Srt:uruv In!.trumenl and Ihe NllIc hud nil ,1t:l'c1erlltl(1l1
<br />occurra1, (b) cure!l an)' def.ilult of any other f.:ll\'enallls Of agrc:cmcnl....fc) pay" all c.\pCl1"e" 1f1L'llrred In cnftlrl'111~ thl"
<br />Set:unl~ Im1rumrnt, Induding. nul not hmlled In. fea..onable atli1rne~'..' fee-;, and (II) ti!ke.. ..ul.:h :l(tlllll II" l.el1l1c1 tTHI)
<br />reol~.onDhl) r('qUlre In a,,"ure Ihol lhe hen of (111" Sceunly In'lotrument. lender'.. ng.III" In Ih~. PrllJlI"'fh and (I,lrnml.r'..
<br />t1bhpllun 10 ra~ thr ..urn!! ..C'Cured h) thl" Scr..-unl) In\trumenl ,hall L"lllltlnUl" un~h..np.c~l l:JllIll h"Il\..IIII~'mt*111 i'ty
<br />Uorrn"C"r, ,hl'lo "iecUfll~ In..lrumt'nl and Ihe Ilhh~aIl11l1" ..e~ured herch, ,hllll rcmalll fulh cnt-l'II\C 11" If 1111 illl"ell'lllll,l!' h,u.l
<br />I....currrd IillYtt"\C'I,lhl\ r1tihlln rell1..lalc ...hallllnt IIppl) 1I1Ihl"t.:a"(, Ill' ;,..U"lc-r.llh'IlUIUll'r par'II,:rJlph... 1 \ .1' ~"1'
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