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86--- i02519
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument.
<br />Borrower shall pay the premiums required to maintain the insurance m effect unit! such tune as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />S. inspection. Lender or its agent may make reasonable, entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the lime rf 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. ht connection with
<br />any condemnation or other taking of any pan of the Property, or for conveyance art lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shall be applied t chit sums secured by this Sccunty
<br />Instrument, whether or not then due. with any excess paid to Borrow er. in the crept of a partial taking of the Pn,peny.
<br />unless Borrower and Lender otherwise agree in writing. the sums secure by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured unmediatc ?y
<br />before the taking, ill%ided by (b) the fair market value of the Property immechatrl} hefore the taking. .An }' balance shaft be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice h) Lender to { Borrower that the condemnor node to
<br />make an award or settle a claim for damages. Borrower fails to respond it) Lender within 36 da}s after the date the notice is
<br />given. Lender is authorized to collect and apply the proceeds. at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or not then du,.
<br />Unless Lender and borrower otherwise agree in writing. any application of proceeds to principal ,hall not extend or
<br />postpone the due date of the monthly' payments referred to in paragraphs 1 and 2 or change the amount of suclPpS yments-
<br />19. Borrower Not Released; Forbearance By Lender mot a Waiver. Extension of the time for i ment 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 ut release the liability of the original Borrower or Borrower's successors in +merest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse so 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 successor
<br />in interest. Any forbearance by Lender in exercnsuig any right or remedy
<br />S11311 not be a waiver of or preclude the exercise of -,my right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The cotenams and agreements of
<br />this Security instrument shall hind and benefit the successors and assigns of Lender and Borrower. subject to the provisions
<br />of paragraph 17- Borrow'er's cotenants and agreements shall he joint and several. Any Borrower wh ' o- s',lls convey
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only Io mortgage, g rant
<br />pay
<br />that Borrowers interes', in the Property under the terms of lit, run
<br />rent. Instruent. (h) a not personally obligated I
<br />the sums secured by this Security Instrument: and (c) agrees that Lender and any other Borrower may agree to extend.
<br />modifi, forbear or crake any accom ^,xfanons with regard to the terms of this Security I list rumcta or the Note without
<br />That Borrower's consent. r
<br />12. Loan Charges. If the loan secured by this Security Instrument is suhlect ui a law which sets maxurium loan
<br />charges, and that law » finalh interpreted so that the interest or other loin charges coliccted or ro ire olleued m ,
<br />connection with the loan exceed the permitted limits. then (al ally such tom charge shall he reduced by the arnnunt
<br />necessary to reduce the charge to the permitted limit; and (hi any sums already Collected from Borrower which exceeded
<br />permitted limits will be refunded to E3 trrower. Lender may choose to make Ihu refund ht reduung the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will hr treated as a .
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation At %cling Lender's Rights. if enactm c ent r expiration of applicable laws hits the effect of
<br />rendering any provision of the Note or this Srcunty Instrument unit rtniceai lc acuordutg to its terms, l ender, at its opnon,
<br />may require immediate payment to full of all sums secured by I this Security Instrument and may nivokc any remethes
<br />permitted by paragraph N. If lender exereses this option. Lender shat? lake Ihr steps specified mt (tic second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for ur tins Srcunty Instrument shall he gnell by dehrerittg a or by
<br />mailing it by first class mail unless applicable law requires use of another method. I he notice shall hl- directed to the
<br />Property Address or any other address Borrower designates by nonce to Lender.:�n) nonce to Linder shall tx given by
<br />first class mail to Lender's address stated herein or any other address tender de%ignates by notice tit Burrower Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Burrower or Lender when grim as pro%lded
<br />in this paragraph.
<br />15. Governing Law; Severabiiity. Tills Security Instrument shall he i otertted h) o Jerd tau and tile law of the
<br />jurisdiction tin which the Proper;% is located. [it the event that any prottsum nr clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other protisions of this Security Instrument or the Note
<br />which can he given effect without the conflicting prrtisron fo this end the pr,tulons of tills Security instrument :titd the
<br />Note are declared to be setcrable.
<br />16. Borrower's Copy. Borrower shall he green orie Conformed cnht of the Notr and of this Srrunty lose umrnl
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or an) part tot the propcit) a any
<br />interest in it is sold or transferred for if a hecncflctal interest rn Borrower is sold or transferred anJ Borrowci rs n,or a mturil
<br />persons without Lender', prior written annscot, Lerider ma), at its option. require Immediate payment lit full nl all sums
<br />%'cured by this Security Instrument. Eiowcxer, this opnon shall not he exercised h} Louder It e.trrcnr Is pn,tminted h)
<br />federal law as of the date of tilts Sccw tty Instrument.
<br />If Lender exercises Ili,%..option. Lender shall gitc Burrower ;,..•ice of accelerarron. The noth c shall l;rn ids .t pert „d
<br />of pal tens than 30 days from the date the notice is delrtcied or mailed titithut which Burrottcr roust pay all sums .CC uteJ by
<br />this Security instrument. If Borrowee fails to pay these sums pilot- to the expiration of this 1,crwil. I coder nut) lit%. ke +Ire
<br />remedies b) this Se unity lttstrumenI without further noti c or demaruf on Borrower
<br />18 Borrower's Right to Reinstate. If Borrower meets.errmt c?ndillnns. Bo mower sh ll'tatr the rlzht to hate
<br />cif trecenert of this Sccnrity Instrument discontinued at all) little prim to the o.uhet of 'it I , ,f ens ,t ,00h rnhe: period es
<br />apphcah!e law n;tx sj rC:fy lit I rolmatcincni i before sale nl the { rupcitt pursuant t . my wCr 1 ale ,.ntleuted vi %
<br />ScCltrtt`. insrrulneit . or (h) entry otf a )udhment cnforclnp. Ihts Sciui'I) 1nst.nn '+r' 1 hose cotrdrl+ i,s .uo that Bl rr wcl
<br />(s) Ys Lender aid sums which then would toe Jac union hits Securtt) It stru lcw anon the \ ,!c hid it,, .io..l:r,eu,ai
<br />xcurrrti. !i'3 crams ant djitilt of any other co, chants on agre-Cnents !e) t <.ts .11' o,,pcnses In utred Lt+ ulha, t.r: this
<br />sec u'!ty Instr'neei t. m,.icth i� but not hnut d Ill. lean rahie alt rncts �c u+J o A s + h I H •• ..
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