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87- 102030
<br />If Lender required mortgage insurance as a condition of making the lo,un srnlrt•d by this Security Im
<br />strument, Borrower shall pay rile premiums required [o
<br />maintain the Insurance in effect until such time as a requirement for
<br />the insurance terminates in accordance with Rorrow'e'r's anti Lender's written
<br />8.
<br />agreement or applicable law.
<br />Inspection, Lender air its agent may make reasonable entries upon and inspections of the Property- Lender shall
<br />give Harrower notice at the time Of Or prix u1 an inspection
<br />specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any' award car claim for damage's, direct or cunsryuential, in
<br />condemnationorurher rakingof cons consequential,
<br />connection with any
<br />any part of the Property,orforconveyance in lieu ofr
<br />shall be paid to lender. are hereby assigned and
<br />In the whether of a total taking of (hr Propert), rile pr(xced% shall be applied w the sums sec'urcd by this Security
<br />I�.it (( %Alen[, Whel hf'f Ur not [hr(1 that, µ'1[h ail} excess to Borrower
<br />paid
<br />if) fie Ckel(Borrower and Lrnderothrr w of l partial (akl(g of tlt Pfoper[y, Unit%S agrm
<br />)n writing, the sums secured by this Security Instrument
<br />of the needs
<br />pr shall be reduced by the amount
<br />mulriphrd by the• to llowolg fracnun , a I t!le (UfJI :1111{IUIn of the sums secured imnlediau'ly' ht /Orr taking,
<br />divided by (b! the fair market value of the Prope rr'
<br />tmrncdiasely barfore [tic taking. Any balance shall lit- paid to Borrower.
<br />If the Proper[} is abandoned by Bornmer, or d, after notitc by Lender to liurrowrr that the
<br />an award or settle a
<br />clmdemnoroffers to make
<br />claun tilt damages. Harrower fads to respond r) Lender within i0 clay% otter rho' late rill' notice Is
<br />Lender Is aurhorized to tt lllert and Jpplt' rile 'cis,
<br />g1 %
<br />pri it et(l%, at its Opoon, tither it) re•sr)r:{t Iota it repair tot the Property or to the
<br />sums secured by this stturlly Instrument. whether or not then
<br />{flat'
<br />Unless Lender and Bomtlwrr r,therw' the agree "I wilt trig, ally ,Ippllearloll I)t Proceeds (r) principal shall not extend tar
<br />postpone the due date of the monthly payments rete•rrrd to
<br />nl paragraph% I and ? air change nce amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Ext nsion of tilt
<br />modification of amortizanon
<br />rune for payment or
<br />of the %urns secured by this sctunty Instrument granted by lender to any successor in interest of
<br />N)rrow'er shall not ol)erate ell relt•ase rhr habdn%
<br />tit (he urlgmal Borrower or liorrt)w'er's successors in Interest. Lender shall
<br />not be required to namrnrncc' pncerdulg% against Jny successor in Interest or refuse ro extend time for
<br />modify amortization of nc�• sums secured by
<br />payment or otherwise
<br />this Sctnari[y Instrument by reason of any demand etude by [fie original Burrower
<br />or Borrower's successors In interest Any fnrbivirance by' Lender to icing
<br />teen
<br />preclude the exercise of any right or rernedy.
<br />any tight or remedy shall nut be a waivrn)f ur
<br />,=
<br />11. Successors and Assigns Bound; Joe far and Several Liability; Co- signers. The tuv Cal aif ts and agreements (if this
<br />Security Instrument shall bind and benefit the
<br />suci a %stirs and assigns tit Lender and Horrowcr. subject to [tic provision of
<br />Instrument 17 Btlrruwrr'seluefile and agreement% shall Ile ()inn anti scve•rll Any fiorniwt'r who
<br />fnstrumentburd (esnorrxecuterhrNutt
<br />w -signs this Security
<br />taalstu- signing thisSecurtry Instrument only tomortgage ,grantandconveythat
<br />&)rruwer s interest m the Property Under the terms of tilts Security Instrument,
<br />sums
<br />(b) is nor personally obligated al pay the
<br />secured by this Security Instrument; and (a ) agrees that Lender and any urfu:r Burrower
<br />forbear or make any
<br />may agree r) extend, modify,
<br />atcomm(detions with regard to nc�• turrns of 'Ills Secant }' Instruon tit air the NOft
<br />BIJrr)wer's consent.
<br />without (flat
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject m ;1 law which sets
<br />charges, and that law is finally interpreted
<br />maximum Juan
<br />so that the interest or other loan charges collected or to be collected in connection
<br />with the loan exceed rile permitted hmirs, then' t a) any such loin Charge shall be reduced by
<br />the charge to the
<br />the amount necessary (o reduce
<br />permitted limit; and t h) any sums already collected from Borrower which exceeded permitted limits
<br />refunded u) &)-rower Lender trial, chtu,se
<br />will be
<br />to mike this refund by rt•duculg flit- principal owed under the Note or by snaking a
<br />direct payment r) Borrower If a refund reduces principal, the re•du(tuon
<br />prepayment charge under the Note
<br />will Ile irrated as a parnal prepayment without any
<br />t=
<br />13. Legislation Affecting Lender's Rights. If enactment or
<br />expiration of applicable laws has the effect of rendering
<br />arty provision of the Note or this Security Instrument unenfurtc ble according n) its
<br />terms, Lrndrr, at its option, may require
<br />paragraph 9 payment in full if all sums sutured by ill's Srcunry Instrument and may invoke any remedies
<br />paragraph 19. if Lender exert acts this option, I by
<br />prrrnitrrd
<br />& aide r shall take rhr steps spettIled m rile second paragraph of paragraph 17.
<br />14. Notices. Any notate to Borrower provided for In this Seaulty Instrument
<br />malling it
<br />shall be given by delivering it or by
<br />by first class filial unless applicable law' requires use• of another method. The n by delivering iv
<br />Address
<br />notice shall be• rhr Property
<br />or any other address &)mower designates by no( Ice r) Lender. Any nor ice w Lenders ha I I be given by first
<br />to lender's address stated herem or
<br />class mail
<br />any other address Lrndrr designates by notice to Burrower. Any notice prov'id]a hIn I
<br />(his Security lnstrument shall he demised r) have tern given to Borrower
<br />or lender when given as provided in this paragraph.
<br />I5. Governing Law; Severability. This Security Instrument shall tit- governed by federal law
<br />Iurisdi txioninwhic lithe Property, loci
<br />is and the law of the
<br />red In the event that any provlswnurdauseuf this Sc •tunry Instrument or rile Note
<br />cunffic[s with applicable law, such conflict %hall nut affect
<br />other provision of this SeCUrUv Instrument or the Note which can
<br />be given effect without the conflicting provision To this end nce provision tit this Srcunry Instrument
<br />cleylarett w be sevrrablr.
<br />and the Note are
<br />16. Borrower's Copy. Borrower shall lie given One cunforfrned
<br />copy of the Note and of this Security In.strune'nt,
<br />17, Transfer of the Property or a Beneficial Interest in Borrower.
<br />If all or any part cif rile Property or ,city
<br />interest in I( Is sold ter transferred ((it if a beneficial interest In Borrower Is wad or tran,terrcd and Borrower
<br />persurlf without tender's prior written
<br />as trot a natural
<br />consent, Lender may, at its option, require unmediate payment in full of all sums
<br />secured by this, Instrument. I- lowever, this option
<br />shall nut Ile exercised by Lender If exert Ise Is prohibited by federal
<br />law as trl the date of this Security instrument.
<br />1 Lander exeroses this option, Lender %hail give Borrower noti -of acceleration Thr nunu %hail provide a pe•riuJ
<br />float less than 10 days from the date the suit ice is delivered
<br />ul
<br />or mailed war list, -filch &>rruw'cr must pay all sums secured by this
<br />Security Instrument. If Narrower fails w pay these sums
<br />prior to the expiration of tills persod. Lrndrr nay invoke any
<br />rernedws permitted by this Security Instrument without further notice or dt'nland tin Borrowtr
<br />18, Borrower's Right to Reinstate.
<br />enforce
<br />It Borrower mcers (ertain condirmn %, Narrower shall haee the right tit have v
<br />anent of this Security Instrument discontinued at any lime
<br />prior Io rile rather of I., 15 day% f ur such other Ix•ritxf a%
<br />Applicable law may specify fur reinstatement before salrof tilt Prop
<br />rrr) ' pursuanf roan), power of %alrtunrained In this Sc-
<br />"Italy In5lrUment; ur !b) entry tit a Judgment crlh)rculg this Security Instrument Those condnturos
<br />frays i.rttde'r all su(os which
<br />are (h,lr Hurruwrr tai
<br />then would be dui' under tllu St'turay Instrument aid rhr Nutt had nu a
<br />€ r�s'eean pd efaultOf any u tIvertunvenant%uragreerilenfs icrauun
<br />t t c ouurrtd, 1 b i
<br />,t!paysallrxlwnwe triturred ill cnlnruny Ili, so uruylns(rumclit.
<br />Intllltt.Erng, but ton banned tit, reasonable anorflcys set%, and fd! lake% ll
<br />%lit. <I(I-n .t% I.clidc'r Ina% lea—li,lbf} t'e"1111t' i„ ,I%
<br />wti that %fie ln'n of Uy Sstru ic' lnrrtlln6'llf, L_ctidt-r % rlgfir% la the lit,, rtv alltl Hirt!rrw t -t i'h11,4,1t
<br />N'S i.Ired Coy lilt% tie^4 fiClry lnitf U)fx'ill
<br />,±
<br />IO,11 to, p,15 f)1(' %tam•.
<br />%fiAll i{)In9flnc Anullaflgrd I `Ism trill %i•trrf rein h5 li—lr,(trl, Ills\ \rt t!t !r1 Ifltl t111 t1('lll
<br />asp +f "lit rktlaj(ailann secured fit reh}' %hail remain tUll clfe(rar
<br />ti
<br />.IS !f r :r: acct -t.n �•.,; !.,,,t , ,,r „'.{
<br />trntea air ?to.+H ta.t al.pls m tilt tact' of I'tc'levatrnn under p.(r.lkrai,tl% Ml.�w ctr. -:. this u4ll,
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