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<br />87. 100450
<br />If Lender required mortgage insurance as a condition ut making the loan secured by this Security In-
<br />strument, Borrower shall pay the premiums required its maintain the insurance in effect until such time as a requirement ku
<br />the insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />S. Inspection. Lender or its agent may make reasonahle entries upon and inspections of the• Property. Lender shall
<br />give Burrower notice at the time of ur prior eu an imprction specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct (ir consequential• in connection with any
<br />cundemnariunor other taking of any part of the Property,or for cunvecance in lieu of condemnation, are hereby assigned :unl
<br />shall be paid to lender.
<br />In the event of a total taking of die Proper[). the proceeds shall be applied to the suns secured by this Security
<br />Instrument, whether, it not then due, with any excess paid to Burrower. In the evem of a partial taking of the Property, unless
<br />Borrower and lender otherwise agree in writing, the sums secured by this Secur.ry Instrument shall he reduced by the amount
<br />of the pnxeeds multiplied by the following fraction: tai the total amount Of the sums secured immediately before taking,
<br />divided by (b) rile fair market value of the Property immediately before they taking. Ant' balance shall he paid to Burrower.
<br />If the Property is abandoned by Burrower, or if, after notice by Lender to Borrower that *.hecondemnor otfers to rnake
<br />an award ur settle a claim tur damages. Borrower fails to respond to [-ender within i0 days after the date the notice is given,
<br />Lender is authorized to collect and apply the proceeds, at its option, either io restoration or repair of the. Property ur to tht
<br />sums secured by this Security Instrument, whether or not then due.
<br />Unless lender and Burrower otherwise agree in writing, any applic:.tiun Of proceeds to principal shall not extend ur
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest tit
<br />Burrower shall not operate to release the liability o f t he original Borrower or Borrower's successors in interest. Lender shall
<br />not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise
<br />modify amort ization of the sums secured by this Security Instrument by reason of any demand made by the original Burrower
<br />ur Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not beat waiver of ur
<br />preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. 7 -he covenants and agreements of this
<br />Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br />paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who cu -signs this Security
<br />Instrument but does not execute the None: (a) isco- signing this Security Instrument only w mortgage, grant and convey that
<br />Borrower's interest in the Property undcr the terms of this Security Insrrumenr, cb> is not personally obligated to pay the
<br />sums secured by this Security Instrument; and ici agrees that Lender and any other Borrower may agree to extend, modify,
<br />forbear or make any accommodations with regard to rile terms of this Security. Instrument or the Note without -flat
<br />Borrower's consent -
<br />12. Loan Charges. if the loan secured by this Security instrument is subject co a law which sets maximum loan
<br />charges, and that law- is finally interpreted so that the interest or other loan charges collected or to be collected in connection
<br />with the loan exceed the permitted limits, then: (a > any such loan charge shall be reduced by the amount necessary u, reduce
<br />the charge to the permitted limit; and t b; toy sums already collected from Borrower which exceeded permitted limits will be
<br />refunded to Borrower. Lender may choose to make this refund by reducing doe principal owed under the Note or by making a
<br />direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any
<br />prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of rendering
<br />any Provision ut the Note or this Security Instrument unenforceable according to its terms. Lender, at its Option, may require
<br />immediate payment in full of all sums secured by this Securit Instrument and may invoke any remedies permitted by
<br />paragraph 11). it lender exercises this option, lender shall take the steps specified in the second paragraph of paragraph 1
<br />14. Notices. Any notice w Burrower provided for in this Security Instrument shall be given by delivering it ur b%
<br />mailing it by first class mail unless applicable law requires useof another method. The IIUt IeC shall be directed to rite Property
<br />Address or any other address Borrower designates by notice ut Lender. Any notice to Lender shall be given by first class mail
<br />to Lender's address stated herein or any other address Lender designates by nonce to Burrower. An) notice provided tilt in
<br />this Security Instrument shall be deemed to have been given to Burrower or Lender when given as provided m this paragraph.
<br />15. Governing Law; Severability. 7 -his Securm Instrument shail be governed by federal law and the law of [hr
<br />jurisdiction in which the Property is located. in the event that any provision or clause of this Security Instrument or the Note
<br />conflicts with applicable law, such conflict shall not affect other provisions of this Security instrument ur the Note which an
<br />be given effect without the conflicting provision To this end the provisions of this Security Instrument and the Note are
<br />declared to tie severable.
<br />16. Borrower's Copy. Borrower shall be given one cunturincd copy of the Note and of this Security instrutt,enr
<br />1?. -Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Piopvrry or aov
<br />interest m it is said or transferred cur if a beneficial interest in Borrower is sold ur cr.usfcrmd and liurn,wcr is not a natural
<br />person) without Lender's prior written consent, Lender 1113y, at its Option, require immediate payment in t::ll o) all lullll
<br />secured by this Security Lnsrrunlent. However, thisuptnnl shall nut be exe'rtUed by Lender :f exercise is pro;ubited by federal
<br />law as of the date of this Securit Instrument.
<br />If Lender exercises this uptiun, lender shall give Burnmur nutletot acct leratiun l hr nut er shall pro. udr e period of
<br />not less than 'odays from the date the notice ,_s deli%cred ur imoled wttIt tit which Borrower :rust pay .dl sums secured b% t his
<br />Security Instrument. if Burrower fails to pay these sums prior to the- exlnratuul of rills period• lender mac rticukc any
<br />remedies permitted by this Security Instrument wuthuur turrher nuticc or ic!nand w Fionuwcr
<br />IS. Borrower's Right to Reinstate. If Borr,wrr mcvts ce•rttrtl oondrt, t.. li,tmwci hall have rote• u.;ht to have
<br />entorcemeet of this Security Instrument discontinued ac ant bole pttor to the earhrr ut , .iays it such other per i,,,t —
<br />applicable !aw snap specify' for re•mstaremenn before salvo! the I'nipetu l t tsor..nt n,.ut} p�r••ac r of s lc nnt.nne-�f ici •ha,
<br />:u,nN (ttstrtnnrnt; of fbo entry nt a judgment cnlurttng this �, r torn untnun1rm 1—host, um'unons a;e .11.:t liorn,wc[ .1,
<br />pay -,Lcnderall sumswhicIII hull olIdbcdue under t Ill, st ol I n, lnstn „rnrnt.und tilt A'„tr' !,P.inoactc!ctaium .eu I I`
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