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86-- 104554
<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 in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower and Lender's written agreement or applicable taw.
<br />S. Inspection. Lender er its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />Q, Condemnation. The procexos of any award ae 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 heu of condemnation, are hereby
<br />assigned and shall he paid to Lender.
<br />In the event of a total taking Of the Property, the prisceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not ihen due, with any excess paid to Bcrnswer, In the event Of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by than Security Instrument shad be reduced by
<br />the amount of the proceeds multiplied by the following fraction. (a) the iirtal amount of the sums scoured immediately
<br />before the taking, divided by (b) the fair market valet of tht Property immediately before the taking. Any balance shall tie
<br />paid to Borrower
<br />If the Properly is abandoned by Borrower. or if, after nottcc :hy Lender to Borrower that the iondemnix offer-, f
<br />make an award or settle a claim for damages. Borrower fails to respond to Lender within 3(1 days after the date the notice is
<br />r given. Leader is authorized to collect and apply the proceeds. at xis option. tither to restoration or repair of the Property or
<br />to the sums secured by this Security° instrument. whether or not then due
<br />S - L'n1ecc Lender and Borrow' otherwise agree in writing, any appliciolon td prosceeds is principal shirr nor "tend or
<br />Y postpone the due date of the monthly payments referred to in paragralncs I and 2 i,r change the amount of such paytirei M
<br />10. Borrower Not Released; Forbearance By trader No a ti'aanver. Extension Of the time for payment or
<br />modification of amoritaation of the sums secured by this Security Instrument granted by L ndct to any successor in
<br />tnteresi of Borrower shall not operate to rrfease the hatitliti of the ongmal Borrower or Borrowers -scrim ssors in interest.
<br />I nrdex snail not be required to a mtrnence proceedings against any successor to interest Of refuse to extend time for
<br />pasrnc tr or otherwise modify amortization of the slams secured by this Security insirtiment by reason ofanr demand made
<br />by the .inginal 8oxr"wet" or BOrrOw'er's SuCi CUOr5 in interest Any fo rbearanct by, Lender in ex ,icing any right ox rzrietly
<br />shall not be a waiver of or preclude the exercise ofany right or ren .
<br />1!, Suet S"m and Assigns Bound; joint and Several tiabisltli Co- sigeers. The coxeriant,s And a t% of
<br />this Security° Instrument shall hind and benefit the succes-sors and assigns of Lender and Borrower. subject To the- pro%tsrons
<br />of paragraph 1'. Borrower's co cnanis and agreements shall be-joint and several. Anv Borrower who cis - signs this security
<br />Instrument but doors not execute the !dote: tat is co- signing this Security Iristrumerst Only to mortgage. grant and convey .
<br />that Borrower', interest in the Property under the terms tf this'secunty Instrumrnt: bf is nor personally4sbligatedio pay
<br />the sum, secured by ihis Security Instrument, and Oct agree, that I..ender and am dither Borrower may agree tt, exceed,
<br />modify, rottscar of make any accommodations with repxd io the Terms Of this Security Instrument or the Note, without
<br />that Bayrremers;onscnt.
<br />i LAS" Glaarges. If the )v3an sti steed by tills Set uriiy instrument is subtect tr a law which sets ntaiirirnuat loan
<br />charges and than law m finally interpreted so that the interest or other Ilan charges collected of to be cotleatiil in
<br />connection with the least exceed the ptrmtt1cd limits, then, tai any such loan charge "I be reduced b} the amount
<br />Twecssan it, reduce the cliargc to the per•mitiod timer; and lt±; airy Tunis alrctdv ccilkcttsi -frzsm f^«iir'roawer whsr:.Ii excex^dixf
<br />prmotied limit. \x111 be refunded r,; Borrower Under may chosiasc to make th'as refund by reducing the priti apat lowed
<br />Under the \otc or by making a direct Payment to Ik1trtri.ar Ifs refund iedirce-•cs grtnc-r*s the reductiain Will Ix trc=e i as a
<br />Partial prepaytnant without any prrrmcnt charge under the "4-Ctr
<br />13. Le miation Affecting Ltader's Rights_ if enactment or evpiration 4 apph::abie laws has the ell t Of
<br />rendertng aris pro,. isr,n of the N wrc rtr th!, Sec ti strum�a to its terms. Lender at ittoptron,
<br />may require inimediwc palment in ff,li tai. sum, securrd by this Security Instrument and may invoke any remedies
<br />permrtted b paragraph 1 v If Lt -ndet r zv, s;es this option Lander shall take the steps rnecifseil in the second rQragraph of.
<br />paragraph «?
<br />li. Notices. any nc tree t :Triers wee prtevidtd ter set is Jc1 urttc Instrument ahslt ire given Ly defiversng it or try
<br />mailing at by crest class m.ai unless applicable law requires use oaf aw. fitter method. The notice shall be directed to the
<br />Property Address or any of her address Borrower designates by notice its Lender Any notice to Lmdder shall be giv=en b�;
<br />first class mail To Lender's a ddress smied herein err any Lather address Lender designate., by notice to Bocv wcr Any notice
<br />provided for in this Security Instrument shall be deemed Loa hay. been given it) Borrower or Lenderwhen given as provided
<br />to this paragraph
<br />15. Governing Law; SeverabihYy, fttis Seairnrs In >trument. hall be gd;ierned by federal a% and the lawx3f1he
<br />junsdreuoei in which the Property is Iaattd In the tvcnt that any provision rr fause ; t this Je Tress instrument or the
<br />'stile cxindicis with applicable law. such contitct ,hall not affect ;.-ether prolusions of this Security Instrumtrrt or the 'Tote
<br />which can be given effect wtthuut the conflicting pro%isson, To this pus the provisions. of this Security Instrument and the
<br />',sole are cimlared to be scvcrahle.
<br />16. Borrower's Copy. If irrower shall rx given ,,nc conformed Aap y ark the Note and of -this S-curnv In tl ursr_i€
<br />17. Transfer of the Property or a Beneficial Interest in Borrower_ If all or any. hart of the Property .n any
<br />interest in it is solid or trarisferrtd (.ir if a tknwficial antcre5l in Borrower is staid or translerredartd fliirrvwca -i riut a natural
<br />person) wglxrut Ixnder's prier written consent, Lender ma.y, at itscToon,» eerie +re +irrn,eifiate_pivttne it in full Of ail sums
<br />secured by this Stx-uri.ty instrument However, this option shall not he exetariscil by Leader drxercasc is prohibited by
<br />federal law as of the date ofthrs Securit% Instrumem,
<br />if bender exercises this option. i..erider shah give httorrowj. ?r_ uc 4a:--,ttrrarwn
<br />itf iv,t Jess than y(i day, from the date the notice is dcltvcred or mat led within which Borrow er moist pay "' i ,Usti, sceutell by
<br />thus Security Instrumeni, If Borrower fads to pay these sates pies =r to the cipiral ion of this per d L.errdei may iriv. eke tie
<br />remedres pernutted by this sec urnv Instrument without further notice or demand on Botiowcr
<br />Is. Borrower`s Right to Reinstate. If Borrower meets certain Londitions, He =rr.,wer shrill Ilai ne right :<. halo
<br />collumctment cif this smutty instrument discontinued at anv time prior to the earlier of fa} e days liar %uct, tthr> perusl as
<br />ripplitabic law may stir tfy for reinstatement) hcftrre sale cif the Properly pursuant to any power ,if kale T.rrataiau¢# r =: it;ts
<br />sto'urtay invvurnrnr ar fh) cnory 4 a eo:
<br />.iodgmcni enforcing this Juriay Instrument 'Tho'se �.,ni;ir 'o;' arcs !nai 1'ta,rr:+wrr
<br />fat pays t ell ler all sums wh',h then would be due andcr this SeeUrnv instrument and
<br />the° N,aie n;.". st,_ a e- - ati•zs
<br />sa,cufred. (h1 'ure, any drfauli fy ans other s.ii,rnants tr agrcemrnti Iii pays iJ avprn t t oleos 3 F tt,i,,
<br />"ittiurit} Instrument. includirig. ?tut niu limit" oa_ rc�avonable olloernv)- fora_ meld 4di take,'t"'h ,t::i:.�9 „ r „i.do
<br />rcaa+alatwly rc y rite t a,sure that the hcn mil` tins yecuritr insirirnent, irnelcr's ragltt -s err a+ -r pr«i ir, i li,a-.,wt9
<br />oblfgw;"v to pas tiro suttt~ .r ufcd by this S(xurny Instrument chat —nin"le ur04mgv s I r =t, ri i �.
<br />f t r rswar. IAw, ser+� tiu.t, Iizt±rulnrnt meet it)(! t'bbjpowns scl urrd hevebs Thal r'twit" lwh rlfrt.tist 41 ° s ,, _,;.y ,r. „a,•
<br />+ ;urtC�at 11—c r; ' n"r tyhitr irrrnsiaaet'omitnolapplyin she -.acv y! "sr�e #ir�ta.i�iu t;a= ;3p.a; h•
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