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<br />86-- 102684
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<br />If Lender required moragagc iaeute as a norrdition of making
<br />the Inan secured by his Security instrument,
<br />6 Borrower shall pay the premiums required tfi maintain the insurance if' effect until, such time as the requirement fm he
<br />insurance, lenninatts in dance With BorT °der'' and Lender's written agreement r applicable aw'.
<br />s. himpeeo". Leader or its agent may make reasonable entries upon and inspections of the Pro perty. Lender shalt
<br />give Borrower notice at the time of or prior to aif inspection specifying renyonabte cause for the inspection.
<br />9. Cottittiarutyos, The proceeds of any award or claim for damages, direct or cansrquential, in connection with any
<br />condemnation or other taking sf any part of the property. or for ,or >veyarcr in lieu of condemnation, are hereby assigned
<br />and shall be paid to t ender.
<br />In the event of a -total taking of the Property, the proceeds shall be applied to she sums secured by this Security
<br />Instrument, whether or not the due, with any excess paid to Borrnwer IR the Went of a partial taking of the Property,
<br />unless Borrower and tender otherwise agree in writing, the sums secured by this Serttrin instrument shall tx reduced by [he
<br />amount of the proceeds multiplied by the following frai:tion fa) the Tolal amount of the sums secured immediately before she
<br />taking, divided proceeds eed the fat: market value of the Property immediately before the taking. Any balance shall he paid to
<br />gnrrower.
<br />If the Property ty adandonad by Borrower, or if, after roue[ by [.ender to Borrower that the condemnor offers to
<br />make an award or settle a ciatm for damages. Bohr P�fttat 'RPtton,rcn +herrrntrectnrt jaonsoc rrpott of date the the Property or
<br />given, Lender is authorued to collect and apply
<br />to the sums secured by this Security instrument. whether or not then due.
<br />Unless Lender and Borrower otherwise agree to writing, any apP!rcation of proceeds to principal sha!1 not extend or
<br />postpone the due date of the coo nthly payments referred to in paragraphs ' and or change the amount of such payments.
<br />10. Borrower Not Releteaed Forbearance By Itruder Not If Waiver. Fxtension of the time for payment or modification
<br />of amortization of the sums secured by this Security instrument granted by Lender c any successor in interest shall Borrower
<br />shalt not operate ro release the iiabiljty A the ortgjnal Borrower or tia mower'. successors in interest. Lender steal! not be
<br />required to commence proceeding -s against any succesoor in interest or etitse to extend time for payment or otherwise mad
<br />amortization of the sums secured by :has Security Instrument to retrson of any demand made by the orgipal IlnrrOw'er or
<br />Borrower's successors in interest. Any forbearance by Lcn der in extxcising any right or remedy shall nor' b,! a waiver of or
<br />preclude the exercise of any fight or remedy.
<br />ll. !isttewors [tad !kmmfgom
<br />Bound_ mod Seveta: [labllih; Cnslttae+s' The covenants and ogre .r,ent. of this
<br />Security Instrument shall bind and oenefit the successors and assigns of Lender and Honower, subject n: 'h Provisions of
<br />paragraph i'. Borrower's oovc1lantf and agreements shag be ;otnt and several `1RV Borrower who ant this [that
<br />Instrument but does trot execute the Nate tor) is va signing this Securny Instrumen. only to mongagc, g
<br />Borrower's interest in the Pt or" under the [cells of dais Securtts Instrument; tbi is not personally obligated to pay the
<br />runty n'urcd by this Sec urity it:stnimtnt, arx ly) agrees tha. Lender ,irid am other Borrower may agree to extend, rnodifr,
<br />forbear or make any acciammodattons with regard tc-, the terms of this Securvii instrument c?; the Note without ;hat
<br />Borrower's consent.
<br />t2. lose Cicergaa. If the it?an seciued by thts Security instrumtr,t s _uhte -r io a taw which te, tnaximttm roar,
<br />chirges, and that taw is finally inter{>rtlert so that the trneres c oche, scan charge -oUect is Or io nc .>ttcrted in cotinco on
<br />with the loan exceed the permitted limits, ther . tai any >ueh to an _:large shad be �tet.tced , jrr = ,rouru .,ecessary to reduce
<br />the charge to the permitted limit, and ib) any Yum`. alreadv cc4fected from Borrower which exceeded peranued limits wit) be
<br />refunded to Borrower Lender may choow to make this refund by reducing the Principal Owed under the Note or by making
<br />a direct payment to borrow" . If a refund reduces principal, the rcelivAnan will be treated as a partial prepayment wittout any
<br />prepayment charge under the Nuke
<br />13. Legfrltetloa Affecting Lender's "0. if enactment rxp asi? tat ypPl +cahte laws has the effrc: of rendering an',
<br />provision of the Note or this Securrzy instn;nient unen €ar tali c ac tiny, ro its :Cans- [.ender, at us apuon, may require
<br />tmtttediatt payment In full of at] sums se.urc by this S.vur. rte
<br />.y Ir t urr.t and may tnroke any remedies permitted by
<br />paragraph 19. it Lender exercise, -4 option. end shall take the steps speciii in the sc:nnd paragta* h of paragraph i'r
<br />14. Nietken, Any notice to Borrower provided for ir, this Security irstrurrient shah be given by delivering it or by
<br />matting it by first class mail unless appticabit law rcgtnre use of another method. The notice shall be djrrcted :o the
<br />property Address or any other addatss Borrower deignates by notice is Lender. Any notice to Lender shall be giver by first
<br />;lass mail tai i_cnder s address fated herein or any other address tender designates by notice to Borrower Any notice
<br />provided fix in this Security Instrument :hall be deemed to have been given to Borrower pr tender when given as provided in
<br />this paragraph.
<br />15. Goveraft Low-, 5evmbillity. This Security instrument shall be governed by federal taw and the law of fire
<br />jurisdiction in which the Property is located. In the event ;hat any provisions or clause of this Security Instrument or the
<br />Nme conflicts with applicable taw, such conflict shall not affect other provisions of this Security instrument or the Note
<br />which can be given effect without the conflicting proviso n To this end the provision+ of this Security instrument and the
<br />Note are deciared to be severable.
<br />16. gierrewer'm Copt. Berrnwet shall be given one conformed Copy of fire Note and of this Security Instrumertt.
<br />17. 1*s"lef of the property or a Henefichl lottrest ire Borrower. If all or any part of the Property or any interest in it
<br />is sold or transferred for If a henrficiai interest in Borrower is sold or transferred and Borrower :s not a natural person)
<br />wahout. Lender "s prior written consent, Lender may, at its option, require immediate payment in full of all sums ynured by
<br />this Security instrument. However. this option shall not be txerciscd by I ender if exrrctse is prohibited by federal law as of
<br />the date of this Security Instrument.
<br />If [.ender exercises 'his option, Sender chair give Borrower notice of a::ccieranott. The notice shall provide a period of
<br />nut Items than i0 cities from the date the notice is delivered or mailed within which the Borrower must pay all sums secured ky
<br />the+ Svvwrify lnstrut^p+u'- if Bcrrcrwtr fails to pay these sums Prior to the expiration of this perrnd, l.cndtt may invoke any
<br />fen,edies permitted by this Security Instrument without further notice or demand on Borrower.
<br />H, glerrewerrs Rigel to ROMmIe . If Bofl wet meet, crna 1, conditions. Borrower shall have the right to have
<br />eo"titfteteI of this, Security Instrumen! discontinued at any time prior [e the [artier of: ia) � days for such other period as
<br />app"blic taw may specity tot xanstatenrtnt) before sale of the Properly purvuaut to any PnwC of ate contained in ;his
<br />Security taaruff"t, rx by entry of a ,,Ud$mt.t enforcing this Secunty Irstrurncn[. Those conditions are that Borrower- (a)
<br />pay+ Lender all turns which then woukf 4e due under thin Security Instrument and the 'Vote. had no accticfalinn occurrecl, tb)
<br />cum toy default of any other cravcttante of agreements, (c) pays all etpenscx inc•utred in enforcing this Security Instrument,
<br />indifidirtg, but nor IltUltd to, reasonable atLornry'x fees; and (d) takes yuck action ay 1_ender Tray reasonabv tquirr N, assiiTr
<br />that the facts of this rerunv tnotin ent, Lender's i ghtt in the prciperty and Bt rowet htigat.on 1n lore h unli eolre,!
<br />by rte:. 1,4—% r'k)r louriaritt•nt .,hall icyssueuc Unchanged t pug reinstatement by 11�rrowe !, thk "utiura,s 1 corn: and the
<br />yNtRigarr* to uc»rerf hire y shalt rarnain f0h effective AN It rise accderation had x,tsrrtd llOa CVO -. .his "Fit ^ems tt ?tttl?
<br />mss? app - the > ate 04 a:crwrat c, . utldrt Fa,;,JVxtsh, It e -r ..
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