<br />88- 105632
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<br />If Le'nder required mOrlgage insurance as II condilion of making the loan secured by Ihis Security Instrument.
<br />Burrower shaJl pay the premiums requir~d to maintain the in!l.urance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's nnd Lender's wrillen agreement or applicable law.
<br />8. InspectiDD, lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower nolice at the time of or prior to an inspection spt."Cifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages. direct or consequential. in connection with
<br />any condemnalion or other tnking of any parI of the ProperlY, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to lender,
<br />In the e"'ent of a lotaltakins nf th~ Property, the proceeds shall be applied to the sums secured by Ihis Security
<br />Instrumenl. whether or not th~n due. wilh any excess paid to Borrower. In Ihe event of a parlial taking of the Property,
<br />unless Borrower and Lender olherwis~ agree in writing. the sums. secured by this SecurilY Instrument shall be reduced by
<br />the amount of the proceeds muhiplied by Ihe following fnll"tion: (a) Ihe total amount of the sums' secured immediately
<br />before the taking, di\'ided by (bl Ihe fair markel value of the Propen.y immediately before Ihe taking, Any balance shall be
<br />paid to Borrower,
<br />If the Property is ab3ndon~d by Borrower, or if, after nOlice by lender 10 Borrower that the condemnor offers to
<br />make an award or seule a claim for damage.lo. Borrower faih 10 ropond I<l Lender within 30 days after the date the notice is
<br />given, Lender is aUlhoriled to collect and appl}' the prOl:t"Cd~, al its option. either to restoration or repair orthe Property or
<br />to the sums secured by this SecUnl}' Instrum~nl, whether or nUl then due,
<br />Unless lender and Borrower otherwise agree in \\Tiling, any application of proceeds to principal shall not extend or
<br />postpone the due dale of the mOnlhly payments referred to in paragruph!-o 1 and 1 or change the amount of such payments.
<br />10. Borrower l'Jot Released; Forbearance By Lender Not 8 'Vah'er, Extension of the lime for payment or
<br />modification of amortization of the sums secured by Ihi!. Security Instrumenl granted by Lender to any successor in
<br />Intcrest of Borrowcr shall nol operate to release (he liabililY of Ihe original Borrower or Borrower's successors in interest.
<br />Lender shall nol bc required 10 commence proceedings against any successor in interest or refuse to extend time for
<br />payment ar olherwise modify amortization of the sums sccured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interC\I, Any fnrbearam't" hy Lender in exercising any right or remedy
<br />shall nol bea waiver ofor preclude Ihe exercise of any righl or remedy.
<br />11, Successors and AssiRR5 Bound; Joint and Se,eral LJ9.bility; CD-signers. The covenants nnd agrcemenlS of
<br />Ihis Securily Instrument shall bind and benefil the succcssor!'! and assigns of Lender and Borrower. subjL'Ct to the provisions
<br />of paragraph 17, Borrower's covenants and agreements ..hall be joint and several. Any Borrower who co-signs this Securily
<br />Instnlment but does nm execute the NOle: (al is ca-...Igning this Security Instrumenl only to mortgage, grant and convey
<br />that Borrower's interest in (he Propeny under thl" term!'! of th.!'! St:CUflIY Inslrument; (b) is not personally obligated 10 pu).
<br />lhe sums secured by Ihis Security Inslrument; and (e) agrce!t thol Lender and any olher Borrower may agree to eXlend.
<br />modify, forbear or make an)' uccommodatiam with regard lolhe lenm. of this Sl"Curity Instrument or Ihe Note withoul
<br />Ihat Borrower'!. consen!.
<br />12. Loan Charges. If the loan secured by this Securily Imlrument is subjeclto a law which sels maximum loan
<br />charges, and Ihat law is finally interpreted so that the interest or othcr loan dmrges collcl.:ted or to be collecled in
<br />connection wilh the loan exceed 1hc permitted limi1~, Ihen: (a) any !-ouch 10iln charge shall he reduced by Ihe amount
<br />necessary to reduce the charge to Ihe permitted limil: and (h) any sum!, already collecled from norrower which exceeded
<br />permitted limits wi)) he refunded to Borrower. lender may ch(lose 10 muke this refund by reducing the principal owed
<br />under the Note or by making It direct payment to Borrower. If a refund reduces principal. the reduction will he treulcd as a
<br />partial prepayment wilhoul any prepayment charge under Ihe Nole.
<br />13. LeltislBtion AffectinR Lender's Ri~ts, If enaclml"nl nr expirnlion of lIpplicuble laws has the effect of
<br />rendering any provision of the NUle or 1his Security Inslrumcnl unetlfol'l,'euble ac(.'ording to ils term~, Lender, al its option,
<br />may require immedia1e payment in full of all sums. !oCcured by Iln.. Sccunty In!.trumenl and may invoke any remedic.-s
<br />permitted by paragraph ]Q. If Lender exercises this option, Lender shaH take the steps specified in Ihe second paragraph of
<br />paragraph 17.
<br />14. Notices. An)' nOUce tn Borrow~r proVided for m thi!. Secunty Instrumenl !.hall he givcn by delivcring it or by
<br />mailing it by fint class mail unlo.., applicablc law requirL~ use of anothcr method. The nOllcc shall bc directed 10 the
<br />Propcrt)' Addro!l. or an)' olher addre!t!-o Borrower designales by notice IU Lender. Any nut ice to Lender shall be given by
<br />first clas.!io mail to Lendcr\ address ~Ulled herem or any other addrL~!l Lender designate!. by notiel" to Borrower. Any nOlic~
<br />prO\rided for in thi~ Secunty In!Jtrument ~hall be dct:med to have been given to Borrower or Lender when gIven a~ provided
<br />m Ihis paragraph.
<br />IS. Go\'emibg La""j Severabilit)" This Security Instrument !.hall be go\'erllcd hy federnllaw and Ihc la.... llf the
<br />jun!ldiction in which the Propert}' is located, In the event that any provision or clausc nfthi!l Security Inslrumenl or thc
<br />Note conflicts with applicable law, such conflicl shall not affecI other provisions of this Securil) Inslrumclllllr the Nole
<br />which can be given effect without the confticting provision. To thi!l end Ihe provisions of this SCL."unt) IU!\lrUmcnl iJnd Ihc
<br />Note are declared to be sevemble.
<br />16. BorMwer's COP)'. Borrowcr !.haJl be gh:en one cllOformed copy of the NOIe and orlhi.. SeL'UI'IlY In...lrUlTlcnl
<br />17. Transfer of the Property or a I!enefidal Interest in 8orro",'cr, If all or any part of Ihl' Properl) ur un)
<br />mterot in 11 is sold or lransferroo (or if a bencficial interest in Borrower i.. sold or Iransferred and BmfO"CI I'" IHII a nalural
<br />person) ",,'ithout Lender's prior "'otten consent, Lender may, at its option. require immediate paYOlCll1 IfI full nf illl ..ums
<br />secured by Ihis Security Instrument. However, Ihi!!. option ~han nnt he exelt'iscd hy Lender If L',-cn:l..c l!'o ['l'IlluhllL'd hy
<br />federalla\\: as of the date of thi~ Security Instrument.
<br />If Lender exerciM."S Ihl!> option, Lender shall givl' Borrower nol1\':c llf a..::..::el~rullOn. Tllc 1l1111l,:C "/lall Plll\ Illl'.1 pl'rllld
<br />of not less. than 30 days from the dare the notice is dcliven:d or mailed within which Borrower mU!'ot pu~' all loums !'!cl.'urcd by
<br />thi~ SecurilY InSlmment. If Borrower fails to pa)' thc:sC' ::o.um!t priur to the cApiratiun ofthl" period, I.cndcr tTIU) lt1\'Il~e uny
<br />remedies pennittcd by thi\ Security Instrument withoul funher nOlice or demand on Borrower
<br />18. Borrower's Rigblto Reinstate, If Borrowcr meel~ cenain condition!., Horftl\\cr ...hall hu\c I hI," nght III hu\e
<br />cnforcemenl of this Sccurit)' InMTument di!oContinued al any time prior Itl the carher of: (a) 5 day.. (tlr ..uch (llher pl'rllld it..
<br />applicable la\\ ma) ipeclf) fur rc:in..taICmCI1I) before ..ale of Ihe Proper!) pur..uanl III an) ptl\\er of ..ak \,1l11tilIlH..-d 111 Ihl\
<br />Sccunty In'.trument; or (b) enlf) I1f a Jud~menl enforclJIg Ihl" So:unt) Im.truOlenl Thl'-.c ..::nnJlllilll" an: Ihal Bllrru"L'1
<br />(A) pa)'1 Lender all !\um.. \\ hleh Ihen lA.'ould be due under tlm. Sccunt)' Ill!otrumenl ;lnd lhl' ~j1IC had ntl ac...'c1cralllln
<br />occurred; (b~ cura an) default (If an). uther cmenant.. 01 agTccmcnt~.. (l") pa~.... ull clpen,"" \fIcurn:d 111 L'l1for~'lIl,g Ihl"
<br />Sccunt) ImHument_ uu.:ludlOg. hut nol hmlled to, f('u..unublc: allorncy'; fl."t:'t., Jnd Idll,lh..., 'uch ,1\.'IIUIl ;1\ LcnJl"1 flUl)
<br />rt"at,{)nabl~ require W a.....urc Ihal Ihe hen of Itll" Sa;unl} InMrument, Lender'.. fllIhh III Ihl' Prllpl-r1). :IIlJ BPfrtlnel',
<br />uhhgatlUlI In ra) IhC' ,urn" ..ccured h) 11m. St"l:urll~ In..t:,umelll ..hall cllnllflllt' UnCh:.lll~l'J t'f\\'" II'ln,l.alt-llh'nl h\
<br />IStJfrn"C'f. Ihl\. Sc,,:UTlI) In..ltulI1C'llt ilnd Iht" llhhIWt10ns ..n:ured hCfeh) ..hall rC'malll full) dh.\ 11\ I' .I' 1111,' ,IL' l'kl .111L11) II.l.l
<br />"'I.'una! 1 10"C'1oC'1 , lh,... nlthl hi tcm..I.llc ..h.,li nnl ilPpl) HI Itll' L<t'r ,'t .Ii. \'C'lnalhlfl \lTlIie, rar;l~l.lrh, I" ,'1 ,-
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