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86- 103521
<br />f lender required mortgage insurance as a condition of making the loan wured by this Security Instrument.
<br />1 ul in until such time as the requirement for the
<br />Borrower shall pay the premiums required to maintain the insurance effect
<br />in with Borrowers and Lender s written agreement or applicable law.
<br />insurance terminates aeyxtrdance
<br />reasonable entries upon and inspections of the Property. Lender
<br />if. Inspailoh.- Venda or its agent may make
<br />the time ofor prtor to an impCCtionspecifying reasonable cause for the inspection.
<br />F
<br />shall give Botxower niosiccat'
<br />9, Condetnnstion• The proccc& orany it�ar�d ar claim for damages, direct or consequential, to connection with
<br />lieu of condemnation, are hereby
<br />Or other taking of any part of She property. or for con%eyance in
<br />any condemnation
<br />assigned and shall ix paid to Lender.
<br />Property the proceeds shalt be Applied tv rhr s11ms secured by this Security
<br />x'
<br />In the event u!' a total taking of rhr •
<br />instrument, whether or not then due, with any excess paid to Borrower. Lt the even) of a partial taking of the Property.
<br />by Security Instrument shall be reduced by
<br />unless Borrower and Lender othrrwl,e agree in writing, the sums secured this
<br />ntuitiphtd by the following fraction: (a) the total amount of the sums secured tmnxdiately
<br />i
<br />the amount of the proceeds
<br />by (h) the fair market value of the Property Immediately before the taking Any balance shall be
<br />before the taking, divided
<br />paid to Borrower
<br />Property is abandoned hi, Borrower, or if, after notice by I -ender to Borrower that the condemnor offers to
<br />If is
<br />the
<br />make a award or settle a claim for damages, &rrrower furls to respond to Lender within 3Q days after the dace the notice
<br />ail or repair of the Property (it
<br />Lender is authorfr[d to collect and apply the proceeds. at its option, either tit restoratian
<br />a
<br />given.
<br />to the sums secured b) this Security Instrument, whether or not then due
<br />elf proceeds to principal shalt not extend or
<br />Unless Lender and Borrower otherwise agree in writing, any appllcantn
<br />referred to in paragraphs 1 and 2 ur change the amount of such payments.
<br />pmtpc+ne the due date of the monthly payments
<br />Not Released: Forbearance BY leader riot a Waiver. Extension of the time for payment or
<br />to. Borrower
<br />mochfication of amortization or the sums secured by this Security lnstrutnent granted h) Lender to any successor in
<br />Borrower's successors In interest.
<br />Interest (if Borrower shall not operate. to release the );ability of the original Borrower or
<br />or refuse to extend time for
<br />tender shalt not he required to rommrtice pr[tceedings against am succrssctr to interest
<br />Security Instrument by reason of any demand made
<br />payment Or other-wise m[xlify amornrauon +f the sums secured by this
<br />Any filrbearance by Lender in cxercictng any right or remedy
<br />by the original Borrower or Borrower's successors tit interest
<br />shall not he a wars cr of or preclude the exercise of any right or remedy
<br />Joint and Several Liability: Co- signers. The covenants and agreements of
<br />11. Successors and Assigm Pound. tans
<br />benefit the successors and assigns of Ixndrr and Bo u to the
<br />this Security Instrument shall bind and ct)_s iN Sec
<br />rower hit
<br />shall be joint and several Any Borrower w: % - %tgns this Secure}
<br />of paragraph 17 HorrOwet• \:avetlatitx and agreements
<br />the Note (a) 1% c(r- Nigmng this Sculrity Instrument only to t• lr °. grant anti convey
<br />¢ ;
<br />Instrument but does not rxctute
<br />Horrowrrx interest m the Prcprrty under the terms of this Sec-ur,ty Instrument, (b) 1% tit [ pti,unally uhltga(cd it) pay
<br />'.s
<br />that rrrower may Agree to extend.
<br />the sums secured by this Security lnstrumcnt and tc) agree% that Lender 2nd an) othe•
<br />to the terms of tilts Sc(unr 'nstrumrnt ur he Note %about
<br />modify. forbear or make Any aceommt+datuln,'All;. regard
<br />that B[arrowrr•sco),errt
<br />12. Loan Chitrges. h the: loan smutcd by this tir:unty In >trurnent is %uhic:t to ,1 tau %In:h %ct> rnaxunutrl loon
<br />t.a lx m
<br />4
<br />,barges. and that law 1% fin-111v ,nlerrretcd „i that the inter" t 'it o'thrr loan ,haste arllr,ird ,,i ,ullcaed
<br />Ivan ey the prrnutted hmats, then. (a) :toy such Iran charge shall he reduced by the amnunt
<br />cYlnnection %till the :red
<br />necessary to reduce the charge ro thc permitted limit, and iii any sums already :oilecx d front Borrower which exceeded
<br />h% reducing the principal owed
<br />$
<br />permitted limits wilt tlr refunded to Btruwrr 1 ender mac .h.to se tO make this refund
<br />P if a refund redact, prnl:tp ;d, rhr reduction will he Ireate[i a, a
<br />F
<br />under the Note ur hx making a direct payment to rrrower
<br />partial prepayment .kithOUI .Inv prepay rricni charge under the Note
<br />It or expiration of applicable rasa has the effect of
<br />i
<br />13. (epjsiation affecting (.eider's MOM enactment
<br />tiatc ar till% lrrursty !n%irument uncnforceahic .ti:,lydlrlg it, IN terms. f ender• at rf, option,
<br />rendering any praxis[ + +n of rhr
<br />may require Imrrrecllate pa)mcnt in hill :.`t :tit sums %ecured by this Sceuru} Instlument and relay trlvul4e any remedies
<br />111 the sceutld paragraph Of
<br />rermoted by paragraph i u If Lender eierk ises this Option. 1 ender shall take the step, specified
<br />paragraph I'
<br />14, Notices. 4.1\ rl,it ;.r u) i3o >rro %er provided for it) this Sr:ulity instrument shall he given h) delivering 11 It by
<br />The Ile dirr:trd to the
<br />r .lass all unless applicable law requires use of another melhcxi nottec shaft
<br />marling it M fire m u
<br />Hcrruwrr de%sgnates by n[t ttc to ;ender. An} nnhkr tr. Lender shaft be Kt4en by
<br />c
<br />s
<br />Property Atldress:+r arty other addres
<br />first class mars it, Lender's address seated hereto or any other address lender designates by notice to 13orrcrwrr Any nun::
<br />Burrlwer r,r I ender when Riven ds l-A ld[•d
<br />pio%ided for to this Security In %trurneot ,half be deemed to have been given In
<br />Ili this paragraph
<br />15. Governing law: Severabiht), l ills Sc,urny lnstrumcnt shall hr ra,%erned h% ic'dcral )ACV And the le% ,it the
<br />Srruty IstrUillem ur the
<br />he et that y .i %i r ae of this
<br />iunsdrepvn to which the 'rope i s ,s ia4atr4 lit t
<br />taw. ,u,h ,onlliCt %h:[ll na,t aff•: et other prerv:ston% (if arts Sccurtty 1«sfrumrnt tit the wte
<br />Note [Aire iciN %.till apphsahlc
<br />whwh can be given cHn'r without the :u)fllcting provrouul It, till, cud the provision, if this Security In,trumcut -and the
<br />Note are drs:tared to he %c%crable
<br />16. Borrower's Copy. Bolrr,evter shall be given One ounformed call" of the Note :ind of tits Srcktrnx Instrument
<br />17, Transfer of the Propert% ar it Beneficial interest in Borrower. If Ati it ,,ny I,Ar1 of ille I1rof><ri% or Any
<br />tran %ferrt•ii
<br />mterc <I to 1t is sold ur transfrrrai (ar li a hencticial nitcresi In Ifca rr,wcr Is sad or .end tv mcnt tit full iii a'tti%unl%
<br />Lender may, at 11% option, require Iituntdidte 1 . _
<br />persunl without Lcoder'x prior written 4:anxnt.
<br />%inured by this Secant) lnstrumcnt liolvcvet. this option %half 1101 he rxcicfsed i') I entice it exercise I, rrilhihned M
<br />federal law as of the [late of this Secunt) In%trulrretu
<br />If Lender exercrses this option, Lender shall give Borra%ct r:ulA:r 1If e:vcici xUuu 1 he n,luve ,hall pin, ids a fvcnod
<br />,if not It's than 1O days from the date the notice tsdchvertd or mmicd %Hill) %ht,h Bortclwcr rltil,s pav -it- %unls scoured by
<br />of this crnxJ, !ender mAV nlvoi r any
<br />tits Security lnstrumcnt I _ Ks-rovier farts 10 pay thc-.X ,unl% pfloi 1„ the cxptraUon f
<br />fut%her no;tor or demand on Burrower
<br />remedies petinittctl h) this Scc trrtr•' invtrument without
<br />18. l3arrowrer's night to ReinstAle. If Borrower mean :mat) ,undtUans. Barr , %el ,hAll have the light to have
<br />'1,
<br />cr+f\xcctnci:t of This Security Instrument ds%%tmrtnucvi ai ton) umc prior Ia thr ('inccf A tai y ,ley %tot ,ash ,+thri pint%]
<br />ihl,
<br />w may ,p[Y1!} for lam >1Atcnlcrui iwforr laic •rt ihr f't, +p•rty pur%uall; t i Any ;BiN:rof %.air ,orOAnted ,n
<br />Inatun.rli; i liasr .unlllfui11, .or, ;het Fi,•r•.\v..r
<br />p"UI lliyfr fa
<br />�
<br />Scr;urrt) ittsuunyeni, ar !ht anti% ,tf a prdgmcnt ertivr:atg tit% levuia:
<br />1
<br />which Ihlttl wt,irld hr dur under Ihi\ 1tZurit, hislitM1, 11 and Ili, Now h:lii I.- ,lirielati,ill
<br />tai p'wy4 Ieodct all sums
<br />' ljy4 all r\ Y'tl %1'% .11,nttt•d !11 ,li ti`r411M till`
<br />[.k4 yirf[ "ff Oil iilft% fill drf8t:it of i117x tattler kU4rrldlit% ,'1 aRi t't1mrI11, I 1
<br />S[�.:inl♦ loaf [,11111 "r,l, ill. :u[�ie1�', r'Ut heal til:131ct.1 Isa• fras,111,46ii rrttatTlf'1, 1 t7 1Ri1 11A, a,I.'
<br />t H.
<br />frwtU.i'natt`ly r.tjii +re I` A %wU rx 'ildl 111[' beet it this l7txtr Utnftli.
<br />I
<br />it""'I l.% fill\ `-e%Utlly Iff \ttul "fill `71 tit ,. i 1'l,. <. e, .a'
<br />anti the 1`tlllr„atl.'tl, a -,or Y
<br />'rl,tat' Ohm ll r`! if,fil% , 11
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