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87-- 100811
<br />87-- 200649
<br />If Lender rewired mortgage insurance as a condition of making the loran secured by this Security Instrument.
<br />Borrouer shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement err applicable law:
<br />S. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shaII giv a Borrower not ice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9, Condemnation. The proceeds of any award or claim for damages, director consequential, in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, air hereby
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<br />assigned and shall he paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Secunty
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<br />instrument, whether or not then due, with any excess paid to Bormwer. In the event of a partial taking of the Properly,
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<br />;finless 8c ?crower and Lender otherwise agree in writing. the sutras scoured by this Security Instrument shall be reduced by
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<br />zhe amount of the proceeds multiplied by the following fraction {a) the total amount of the sums secured immediately
<br />'-aefiart the taking, divided by (b) the fair market value of the Prortet-*y immediately before the taking: Any balance shall tie
<br />pard to Borrower
<br />If the Property is abandoned by Borrower. or #t after notice by Lendet to Borrower that the condemnor offers to
<br />=rnakc an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, L ender is authorized I collect and apply t he proceeds, at its o pticn; either to restoration or repair aCthe Property or
<br />ao the sums secured by this Secunty Instrument. whether or not then due_
<br />l nless Lender and Borrower otherwise agree in writing. ana aplttication of proceedsto principal shall not extend or
<br />sxstj one the due date of the monthly payments refined tom paragraphs 1 and 2 or change the amount of such paymeaw
<br />10. Borrower Not Released Forbearance By Leader Not a Waiver. Extension of the time far payment or
<br />- modification of amortization of the sums secured by this Security Instrument granted by Lender to any, successor in
<br />interest of Borrower shall not operate to release the habdity o€ the origmal Borrower or Borrower's iuccessars in interest.
<br />Lender shall not be required to commence proceedings against any sutcesw, r in interest or refuse to extend time for,
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />'by the original Borrower or Borrower's successors in interest. Any forbearanicc by Lender in exercising any right or remedy
<br />shall not bea waiver ofor preclude the exercise ofany right orremcdy.
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<br />11. Successors and Assigns Bound: Joint and Several -Uali kty', Cb-si . The cLVenariLS and agreements t)f'
<br />this Saurity instrument shall bind and trcnefit the successors and assignscrf Lender atx# Bc+rrowrr, subject to the pror'isiant
<br />of paragraph I ?. Borrowers covenants and agreements shall be porn, and several: Any Borrower who co -stanza this Security
<br />Instrument but does not execute the Note- (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's intcrest in the Property under the terries of this S&-curity Instrument: (b) is not persot,ally obligated to pay.
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<br />'-:tale sums secured by this Security instrument- and (cf agrees that Lender and any other Borrower may agree to extend.
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<br />modify. forbear or make any accommodations with regard to the terms of this- Set.unty Instrument or the Note vni"nt
<br />that Barrow,rr`s consent.
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<br />12- Loan (barges. If the lean secured by this Security Instrument£ is sab}eci to a law which sets maximum lam
<br />charges. and that law is finally interpreted so that the interest or osier loan charges collected or to be collected in
<br />tormoction with rate loan exceed the permitted limns, t2=—. tat any such loan charge shall be reduced by the smniont
<br />necessary to reduce the charge to the permitted limit: and (b) any sums already collected) from Borru i erwhich exceeded
<br />permitted Omits will be refunded to Borrower. Lender may cIvnose to trrake this refund by reducing the pr rtespat owed
<br />under the Note or by mating a direct payment to Be+mower. If a re€iand.reduces principal, the reduction will b< treated:. a
<br />partial prepay men without an v prepayment charge under the Note-
<br />13. Legislation Affecting Lender's Rights. If tn:tcjawnt or expiration on applicable laws has ibe effect, of
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<br />'inmd ling any provision of the Note sir this'Secunty- Instrtttnent unenforceable according to its terms, Lender, was dopt'dert.
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<br />- may' require irrimedia£e payment in full of all Sums secured by this Securt -ty- Instrument and may invoke any remedies
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<br />permmod by paragraph 19 If Lender cxerctses this optiore, Linder shall take the steps spectated in the second paragraph of
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<br />18. Notices, Any nonce to Burrower provided for in this Securny-Instrument shall be given by delivering is ar by
<br />malmg ➢t by first class marl unless apphcable law requires use of are tfg r nxthod. The notice shall be dnrccted to the
<br />Propeiv..�drS as or any other address Borrower desagna *.cs by irtnice to Leader Any notice to Lender shall be given by
<br />tiro ciam ?mine to Lender's address stated heretre or any other address Lender dtsignates by notice to Borrawtr. Any notice
<br />provided for in Sb;s Security Instrument shall be deemed to have txen given to Boover or Lender when giver. as provided
<br />t,n this paragraph
<br />IS.. Governing far'; Seyerability. This Security Instrument vitall be z n cTned by federal raw and the law of the
<br />_ =iSdiw'.ivnn . =n wbich the Properly is located- In t he event that -any p, lh m ter clause of this Secu nv Instrument or Litt
<br />- Note confliizis with applicable law, such eatnfict shall not a$ect of tT provisions o €th-,s Seccunty Instrument or the Note -.
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<br />w lr ,.n Car9 iK yiA err {'iTec2 wltlrQiii the ia?nfl ➢entrain" ftfi,�ia7t�Ii. Tc zhis_end trio Teri vti ott5. olt ihts SeLaritt Instrument and the
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<br />Note are declared to be severable
<br />1f.. Borrower's Copy. Borrower titan be g.v.n Ont N^nrd cvpv orrthe Note and , „this Security Instrument
<br />t?. Transfer of the Property or a Beneficial Interest in Borrower. if ail m anti part oaf the PropcAy or any
<br />anteresi in it is sold or transferred (or if a beneficial interest in Bz m-Aer as sold or transferred and Borrower is not a natural
<br />pers�Sn) wFtho"t Lende s prior, wrtt ten consent. Len IL- .,:ay., at E£5 opt. }x.n =`W�,jur .nmediaie pay merit in tull <f all surm
<br />st ,,,,d by alit, SC unty Instrumeni. However. this option shalt nor tie exvicist-d by Lender if exercise is prohtb�lts t-y`
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<br />federal law' as of thedate of this Security instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acccicration The notice shall provide a pertod
<br />of not leis ihan 30 days from the date the notice is delivered or mallet] within whtch Borrower trust pay all sums Set: tired by
<br />rhri Secunty Instrument. If Borrower fa ➢Is to pay these sums prior to the expiranern of this penod, Lender may inviilfc any
<br />remedies permtted by this Seeuniv Instrument without further no£h e sir demand on Borrower
<br />Ii1. Borrower's Right to Reinstate. If Borrower meets ceriairt condo vIns, Borrower shall ha 'e .he right to hayr
<br />coforce -ment of this Securer}” Instrument discontinued C
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<br />. at any Flute prior to the earlier of: f a) day's im >uch other perieaf as
<br />applicabie law ?ray spc,o: fy for - ems attmen i twfore sate of the Pr perry p,urs ai to at➢: Ltrta ➢r ' try}
<br />Stcuritl Ins:
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<br />unl fit; . r tbi entiv of a judirmeni enfor Fi, rue. S-n- i R Insirumirtit I ose ndi env ire l lit Borrow
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<br />fa I pd' iv I.e ldef all `. Ums .yllich tl'e',rt, w ;sand tom. i14 C under ill L Se emit l 1 : d tt`C ti -..S' had '- of C4 ri- i,.
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