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<br />66- 100597
<br />if I.cr.der regtur..-J me .2a,e insurance a: a condition Of making the loan Secured by this Security Ins runicnt. J
<br />Borrower snail pay the premiums required to maintain the insurance in effec until such rim is the requirement for the 1
<br />insurance terms[ :m es in ac rdance with Borrower's and Lender's written agreement or applicable law.
<br />R. Inspection. Lcnder or its agent may make reasonable entries upon and inspections of the Property. tender
<br />shall give Borrower notice 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. direct or consequential, in connection with
<br />any condemnation or ether taking of any part of the Property, Or for conveyance in lieu of condemnation. are herrb%
<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 Srcurin'
<br />Instrument. whether or not then due, with any excess paid to Borrower. In the event of a partial taking of [he Proper >.
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall he reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount o1 the sums secured immedis[ciy
<br />before the taking. do ided by (b) the fair market value of the Property immediate]% before the taking. Am balance shall he
<br />paid to Borrower
<br />the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers [ s
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice T
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Propery or
<br />to the sums secured by this SLnrity Instrum ent. whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds it$ principal Shall not extend or
<br />postpone the due date of the monthly ' payments referred to in paragraphs I and'_ or change the amount of such payments
<br />10. Borrower Not Released: Forbearance By Lender Not a waiver. Extension of the time for payment .hr
<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 liability of the original Borrower or BorTouer s successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason elf any demand made
<br />by the original Borrower or Borrower's wccessors in interest. Any forbearance by Lender in ex raisin r any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound. Joint and Several Liability. Co- signers. The covenants and agreements of
<br />this Security' Instrument shall bind and benefit the successors and assigns of Lender and Borrower• suhlrc[ to the is S istoiis
<br />of Paragraph 17. Borrower's covenants and agreements shall be joint and Several..An% Borrower will, co -signs this Se unty
<br />Instrument but does not execute the Note: fal is co-signing this Security Instrument only to mortgage. gran[ and ;nm,ry
<br />that Borrowers interest in the Property under the terms of this Security Instrument: (b) is not personally obligated .o pay
<br />the sums Secured by this Security Instrument: and (c) agrees that Lender and any other Borrower may agree a extend,
<br />modify, forbear or make any accommodations with regard to the terms of th is Security lnstnnncnt or the tioie without
<br />that Borrowei S consent.
<br />12. Loan Charges. If the loan secured b)' this Security Instrument is subject to a law which sets maximum loan
<br />charges. and that law' is finally interpreted so that the interest or other loan ch tines collected er I0 he collected to
<br />connection with the loan exceed the permitted limits. then: (at any such loan charge shall he rcuu rd by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceedcd
<br />fund by reducing the principal awed
<br />permitted limits will be refunded to Burrower. Lender mac choose to make this re
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will he treated as a
<br />partial prepayment without any prepayment charge under the Note
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration Of applicable laws has she effect o1
<br />rendering any provision of the Note or this Security Instrument unenforceable accorduhg [o its terms. Lander, at ris ('pill)".
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph i9. If Lender exercises this oration. Lender shall take the steps specified in the second paragraph of
<br />paragraph 37.
<br />14. Notices. Any notice to Borrower provided form this Security Instrument shall he _o,en he drliycring n rr b}
<br />mailing it by first class mail unless applicable law requires use o1 another method. The notice snail be directed to the
<br />Property Address or any other address Borrower designates by notice rider Lender. Any nuucr to Lender shall be corn 'e
<br />first class mail to Lender's address Stated heron or any other address Lender de ignatrs by notice to Bon rntc,r .Am notice
<br />provided for in this Security instrument shall he deemed to have been given to Borrower or I-ender w hen ;,,ell as pmtirded
<br />in this paragraph.
<br />15. Governing Law. Severability. This Security Instrument shall he !oNerned by federal iau and [he law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of tilts Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Secant} Instrument or the tine
<br />which call be given effect without the conflicting provision. To this end the proyislom of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given tine conformed copy of the time and of this Security Insir m I
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. if all or any part of the Properly rat any
<br />interest in it is sold or transferred (or if a heneticiai interest tit Borrower a sold or transferred and Borrower is not a naturd
<br />I,erson) without Lender's prior written consent, Lender may. at its opiam, require trtme•dn:oc Payment uh full 'if"" sums
<br />secured by this Security Instrument. However, this option shall not he excicised by Lender d exercise's prohibited M
<br />federal law as of the date of thus Security instrument.
<br />If Lcnder exercises this optirm, Lender shall give Borrower l, cc of acceleriuun. 7lic nnt'cc shall pen, lily a ocnnd
<br />of not less than 30 days from the date the notice is dchvered or mailed within which Borrow cr must pay all sums sec turd by
<br />this Security Instrument if Borrower fails n, pay these sums prior to the expiratiou of this period. Lcnder nut\ nn rake ni
<br />remedies permitted by this Security Instrument wnthuut further niiuce or demand on Burrower
<br />IR. Borrower's Right to Reinstate. If Borrower meets certain condninits Borrower shall h,ne 'he ('chi to ha.r
<br />enforcement of this Security ]nsiri n . -In discontinued at any time Prior to the carboy t +f (a) `daps (or .urn tiller period as p
<br />L applicable law inn) specify I'M remstatctn rat i before %a lc if the Proper ty pursuant am pt tier l)1 sale m cal rat this
<br />Securit) Instrument: or (h) cntry d a tu31ine1,t enfor;nig tilts Security hi,Lumen' dhoti ndrt'; a nc 11 ,1 i1t tt till''
<br />lul pays lender all sunhs uhuh I,en %i,uhi be due uudc, 'his Security ItislIllnWill n,' tit, ssolc hrl t.
<br />"L, uried. fh' Lures any d,_taul' >I' stn i s ot er LPyrnar"S 111 greenhcuts 41 pay ,1 I,nises .r:eu n
<br />r 1 i
<br />Security 1nsL unient u: luthn;! but not ;mined t: reasonahle ullt.rn Ices in:l td' IA, It Si _ n4
<br />reast•n.ahic teywn t a ore tits hr !tell 0' this SC4'Urity Instrunrvrit l 1'i I
<br />lipalsnn t ju, '`. +. unis sc rnf , his Srrurit. lustu,nwilf shill ..rnn tit nr.' '
<br />j{ a- urr.ihn St.,.•. In t1 ,+nnuy.l.'� h 1lrica'nn .n u: t ti'•b, hth��n
<br />_ut;ed H „xr•. -• .uhi' 11 1111!"Ir il t I;:, t-t)r,,l, .r.01
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