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<br />86- 103787
<br />If Lender required mortgage insurance as a condition of rnaking the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required To maintain the insurance In effect until such time as the requirement for the
<br />insurance terminates to accordance with Borrower's and Lender's written agreement or applicable law.
<br />8. inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the trnieofor 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 other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall he paid to Lender.
<br />In the event of a total taking of the Property, the procefc(Is shall he .ipplied to the sums secured by this Security
<br />instrument, whether or not then due. with any excess paid to Borrower Ii) the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction (af the total amount of the sums secured immediately
<br />before the taking, divided by (h) the Lair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower
<br />If the Property is abandoned by Wirrower, fIr if. ATer n;]llCe by [.ender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower Each to respond u) Lender "ahi l ±0 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either n, restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or not then duc.
<br />Unless Lender and Borrower , otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthiy payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released. Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the swims 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 oricinal Borrower or Borrower's successors in interest.
<br />Lender shall not he required to commence proceedings igatmt 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 of any demand made
<br />by the original Borrower or Borrower's successor, in Interest. Any forbearance b% fender nI exercising any right or remedy
<br />shall not be a waiver of or preclude Itic exercise of any right or rernedy
<br />11. Successors and Assigns Ilound :.Joint and Several Liability; Co-signers. f he covcnanis and agreements of
<br />this Security Instrument shall hind and benefit the successors end assl¢.ns <,f Lender and Borrower, suhlect to the provisions
<br />of paragraph 1' HCItTrower"y covenant, and agreements shall he joint and several Any Borrower vefur co -signs this Security
<br />Instrument but does nit execute the Vote (at Is co- signing this Security Instrument I u, mortgage, grant and convey
<br />that Borrower's interest :n the property under the tern, of !his Security Instrunicnt. f hi a not peru naily obligated to pay
<br />the sums secured by this S {:tutor inurmncnt, dnd ic) agrees that I ender rind :inv r,ther Horiower may agree to extend,
<br />modify. G:rbcar or make an,, accornmcxiauons w -ith rc•;;arci n., she 'rrrri. r :, Ct, ruv [nstnt;r.ertt oI the
<br />'fit without
<br />that Borrnwcr'sronscnt
<br />12. Loan Charges. If the ioar: screwed by flit, security in,tr;nnerl I, ,lihic,i ii, ; t,tyv .v high s,-is inazununi loran
<br />charges. and that law I, finallc Interpreted ,,, that the noon's! .:r - ;Ile•! loan ,hmve, t to he collected m
<br />cunnectlori "lilt file undo the l:crmiited irr,t,h_. ;hcu :troy Ilh +:tit chaij.c ,hall h, rc1l1I1:ed hr. file amount
<br />neccssary to+ reduce the charge to the pc•unillcd I!m!t, and rht alts ,um•, alfcady enllrrleft ff< ?m Iiort=,wcr which exceeded
<br />perrirttcd limits wall he refunded to Bnrrnwrt I .!I&r rrtav . h,rnsr m,.kc the- rrfun,l by reliuelnF the principal owed
<br />under the \orc or h} inal.tng a dire, t I,ay:nent to lies.: "cl 11 a !etund ,r-du. ., p,nn,.tpai. !tic red uctf,nr will he!reateil as a
<br />Partial prcpayrnerit yvlth,ml ally prcpayfnrnt ,+;argc under f.;e 's. -C
<br />13. Legislation Affecting Lender's Rights. If cnd,Irncnt v1 u.ri,:ir rI .;ppir,,ihpr i.nvs has the rlfcrf of
<br />rrlldel'1Iig :711\ pRry lSlt.,ri „f the \:,re r,, ! }It, VCl'ir! ply I I „t: tr lt'c r.! ,r li,';tl +i .:'.In I� .ii. `rrlln,� [•.� il, I:: ri r,�, c'ndc'n ai it, + +pit(+n,
<br />tray regmre Irttrncd!atc• paunent in foil , ::li Im!; I'n,nl .!nil oldy Mt i.r any remedies
<br />p: erm!ttcd by paragraph I' !! I.:nder:r.ct, t,: s tI:I•. 'p'I +.. I rn+pcf s, : ; tab, r c. ; t„ ,, , •ir,'d ,_i h: rid paragraph .:,(
<br />paragraph I'
<br />14. Notices. AUy u,
<br />niaihng If by first .ta„ mail ut!ics, I ,, .r. ,,,c ,h,t;t `� dr•cctcii tr+ +hr
<br />Prorwrt Address or any .i!her :iddre,e t { + +! r.,wcf r:ev ndt,•, by I ender ,hall hr }non by
<br />tint class mail L, Lcndct ,a , r!•_ + ern •hc. r , I c . +.. ;I:,r� .sic �,_, lh -n +wet •any n, ,r,
<br />pttitlded for m tilt, Security Ball tic;lc .l 1; !,<_ rn iSrvt.rae v p rifer,ar.rrn g!:r a n, pr. +:tiled
<br />In tilts paragraph
<br />15. Governing Law: he law :_,I th,
<br />unselre IIIII to which fir P!ri, r, I:. ! _ r.;:,” :;:.+ `..::r!v Ir,t ,unen: + r ilu
<br />Viii cotttlicls wall a { "'p he .o l'Ir ;Ill ,u. ii +r,!i r.+ ;. -r.; ?.'•I a+le_I ..r! , t.t;+, ., ,r, . !li. 'I , . tu. Itt,tr,: tricot + the Ar;!c
<br />whOl Ldn he kern rtfc;: 0ti1 - nl?+,iuik ; r I 1h;, ; r :tic ; !,+y,, cow!!, lit,;!,,,,:r tit nl,i l }.r
<br />Note are declared lobe seNcl,vnlc
<br />16. Bnrniwer'sCop). ki,:!• ,.,. ,hall r,c cr.c:: •roc , ,,,.,rnr <cS, a,, ..: A; !. 11,1 !h;, s<currr, In,iru!nrn,
<br />1'. Transfer of the Property or a Bcneficod Interest in Burro vr. It ..,, I, paf: ,I ;ii,: i r: l,rtty
<br />niierrsf
<br />III T Is,uld or tran,trtird i,•r e hin,hc :ai mtrr,v n� Ft:• +r Urr r+f ar:,! If +vt +ucr ;, n;•r e n,t!urdt
<br />cr,rnt with; ., ixnde; I p,rr,. ,.,;try n _, rn; t .i�. r rdy.r... ,.,...r p.r..i• .. .�,,.,
<br />C° Urcfl In this Sceunt.. l n,t � IMCII! 11 ,.. rI. hl, •,i, ,. ,, <. I : ,:i ,. , , -,..,c i:,h�l- •,
<br />"c'dcrai law as ;+t toe dal + +t Iif sect„ iI"!t um"n1
<br />11 1 c nits. I :":1, r'•c, tt,•, +p,tr:,u, 1 c Uucr ,t I; gr.r lit;I ,.• t
<br />of not ter rl.afl Ail d,'., boon the „etc :tic * ;Zl, ..1, _+. a .r. i, ,+ �, ..: ,r .r, h. ti, r, ,,, ; +. ,r:. ,; ,.r c,i f •,
<br />(gym, ,,,I'rtta In,trutnr_nt I1Hc,rrcntrr ^a!hr, +j'a, thr'e'a ,: ts. l , .... •;r+;r,:!�..1 r!, ! :.c. t.r, ., ....
<br />.ernccitcs l,c ni:r •,Ire! by lilt, scr,init. In,t•,irrc • +i.thc ,rr +t +`,I n. [I,
<br />18. Borrower's Right III Reinstate. It Kill "t'l nur,I,,rrt i
<br />.ip i,;i,,.�+lt 'ply: rnuj ,'c +f•, , r+, n,+ ,. --i .,. .ri: i'• i +., ..r.. _, i ., ,. u.. ., ...
<br />in +; %v. I :.1,: ,: ,, ...,: .,u: a pia b..
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