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104-969
<br />y If Lender required mortgage- insurance as a condition of making rite- loan secured b' this Security In --
<br />strument, Borrower shat) pay tine premiums required to maintain the insurance in effect until such timeas a requirement for
<br />the insurance terminates in accordance with Borrowers and Lender's written agreement or applicable law,
<br />S. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Prcaperty. I_coder shall
<br />give Borrower notice at the time of or print to an inspection spec! €y °ins reasonable cause for the mspeciwn_
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential. in.ctmnecrion with any
<br />condemnation or other taking of any part of t he Property-. or for conveyance i n lien of rondemnat ion, are hereby assigned and
<br />shall be paid to Lender
<br />In the event of a total taking of the Property, the proceeds shall be applied no the sums Secured 114 this Security
<br />Instrument, whether or not then due, with a ny excess paid to Kirrower. in the event of a partial taking o t the Property, unless .
<br />Borrower and Lender otherwise agree in writing, the sums sectored by this Setunry Instrument shall be reduced by the amount
<br />of the proceeds multiplied by the following fraction: Cal the total amount of the sums secured imotediarely before tailing,
<br />divided by !b! the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower
<br />It the Property is abandoned by Btrtrowrr ur if,after n once lay lender to Ro'rrower chat the condemnor offers to snake
<br />an award or settle a claim for damages, Borrower fails tot respond to Lender within ;0 days after the date the lattice is given.
<br />(.endar is authorized w a,ilect and apple the prticve% s, at itsoption, either to r^su,ranon or repairilf the Property or to the. -
<br />sums secured by this Smurtry instrument, whether or ovit Then dote.
<br />Unless lender and Borrower otherwise agree in writing, any application .of proceeds to principal shall not extend oiiL .
<br />postpone rile due slate of the momhly payments reterred to in paragraphs t and 2 or change the amount of such payments-
<br />11). Borrower Not Released; Forbearance By Lender Not -a Waiver- Extension (it thc note for payment or --
<br />modification of 3toort izati- to of the sums secured by this Se unity= instrument granted b% Lenderto a ny sucLessvr m interest of
<br />Borrower shall not operate to refcase the liability of nhecuiginal Borrower or Borrower's succo5ors in interest. Lender shall
<br />not be required to commence proceedings against arty successor to interest or refuse ill extend time for payment Or otherwise
<br />modify amortization !,f the sums securer( by this Security Instrument by reason,,)( any demand made by the original Burrower
<br />or Borruwer's successins in interest. Any forbearatue by I —ender in exercising any right or remedy shall not be a waiverof or
<br />preclude the exercise of any right or reowdy.
<br />11. Successors and Assigns Bound; joint and Several Liability; Co- signers_ The covenants and agreements of this
<br />Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions cif,
<br />i arag,raph l'. Borrower s ctivenanas aruf bgretttments shall be joint and several Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note- t si is ctrsigning this Security Instrumentonl,y to mortgage gram and convey that -- - -
<br />Borrower's interest in the Property under the termsrof this- security Instrument; tbi is nor personally obligated to pay rho .
<br />sums sen,red by this Security instrument, atad , c: agrees that lender and Any other Borrower may agree to extend, moadify_
<br />forbear nr make any acconnmod pions with regard to the terms of this Security Instrument or the Note without that
<br />&irn,wer's consent.
<br />12. Loan Charges. If the loan Secured by this Security Instrument t, subject to a law which ;arts maximum Loan .
<br />charges, and that lavw is finally interpreted u, that the interest tar other Iuanchary,•es collectedor tube collected in torinertktn
<br />with the loan exceed the permitted limits, then l at any such loan charge shall be reduced by the amount necessary to r duve
<br />the(harge to the permitted limit; and o b) ant Sumsalreacly collected from Borrower which exceeded permitted limits will be .
<br />refunded to Burrower, Lenderm;i) chti.ise tc, make this rcftsndby reducing the principal owed under the tvorro.,r by making* _
<br />direct payment to Borrower It a refund reduces principal. rite reduction will be treated as a partial prepayment without any
<br />prepayment charge under the Mute
<br />I i, Legislation Affecting, Lender's Rights. if enactment or expiraoown of applicable laws has the effect of rendering
<br />any provision of the Notc ur this Security instrument unenforceable according to its xerms. Lendcr,at its upoon, may require
<br />immechate paymenr in fuli of all ruins se ured'tt� this Stxural Instrument and may invoke any renaediet petnotird by
<br />paragraph !9, If Lender exercises this option, Snider shall take rter steps spc- cihezi in the sctond par igrapft r;f paragraph F
<br />14, Notices. Any notice to 13"rroawer ptovided for in this _'security Instrument shall be by delivering it or m,
<br />loading it by first days mail unless applicable law rrquore+u a tit ano,thrr met"""' iltc nzatice shall be directed try t he Property
<br />Address or any other address Borrower designates by rxoricr w Lender_ Any notice to Lendershall be given by first elass maxi
<br />to Lenders address stated herrin or any other address Lender designates by nooce to borrower Any not yr prit%kicd for in
<br />this Security lnst rumens shall be deemed •u bale been given to K rrower or Lender when g, yen as provided in this paragraph.
<br />15. Governing Law: Severability, This Security Instrument 'shall be governed by federal law and the law ill the
<br />jurisdiciiun to which the property is imated In -he eventrhat any provision tit klause: of thisSet:uroy Inatrumen to O'te Note
<br />conflicts u ith applicable law, such Conflict shall not affect either pro %isititasofmts Security Instrument or the Nora° whah scan
<br />be given effecr without the conflutting pit,, kitin. To this end the provisions of this Security Instrument and the Nt,w tie
<br />dedAred to be severibir
<br />Ili, Borrower's Copy. floraower shall he given ,tle s�onfotrocd copy of the Nwc and cif tilts Se cony In arcimeni
<br />17_ Transfer of the Property or a Beneficial Interest in Borrower. if all tit any parr, if the Property or a,ni
<br />interest in it is+ old oftratrsfei red, - rrifa4yrnefiCLdtoLerestWBOUr wcto,s+rid off acaustrrtt± rot l4atu,wertotetanac at;
<br />mss t a tin3ut L€ r +y. s p. = u::..k.. .nom , recluse o n ech tc pay it od all .s
<br />secured by this Security lnstrumrm- Nrwever, this opiturr %hall ncrt be txcrcised by Lender If exec, e is prufnbrted ill federal
<br />law is of the date of thix Security Iustrument.
<br />If Lender exercises this option, Lender shalt give Borrower ru3t ur irf accelerarioin The not ice- shall provide a pert ,d cif
<br />not less than ;O days from the date the notice is delivered or trailed within which Borrowcrmust pay all sums srcurcd -In this
<br />Security Instrument If %)rtuwcr falls to pay rliest sutras prior to the expiration of they pvmxt, Lender tnarl iny.ake any
<br />remedies permitted b7 this security Instntrtient wutnur further notice or demand inn f+rrowcr
<br />Is. Borrowers Right to Remstue. if lioutowrr meets certato coutdnions, Borrower shall have the Tight t;a have
<br />rnfc:,tecmew of thin Se uroy instrument disco }ntinued at arty toot- prior eta the earlier ill ;a; "'Jays 4or snitch other peri'fd a-
<br />applttabk Irw may speo lfy to.tt mtttstatrtnenti bettxe sale,,f the Property piasuani for any p mer,sf salct,tnra ilyd i in rtns `+e
<br />`uriti lootionent,,ir ibt entry cif » judgment erf +tieing tilt* Sercliroty Instrument Thou cxntthtie,ns are that B irwtt .a:
<br />pays+ Leod erdlisurrri - johtlwowo.Uhcdurtonderrftrn ursoylnsuumrntand laxirt,racelerar�.rz raav_�
<br />currsJigdoiulr, Mont'« t1terninsgnarrt .earakrtinents. =c, pays, a` slcxfwn ,se"inkurtrtimtnfolimgwius it'.,att r,,.r.c -ra°
<br />'noludaag, b1.r not howcd tu, ceasunahlc ol'm is Iers, a ail r_ls t k(' ouch accost ,c,, i ctot i ma: rc st,..1>li e-i ;,na e,�
<br />rc +hat tiff Iten =d elns'srau:ttio lnstrc.mtut, Lenders lights is 14t f'r-alovtip uncf il,rtt ut, , nh:v .atc,ita
<br />+tv.urmtl In. oft =r `+so tote Izi,u eapru: of Shall t otuntu '' o,,hat,gr-S t'j*'o to ins',o'c'8aVr'rx
<br />"0 Ott vhirgattnvs s urc -.l h€r4,11!'11,411 r-o"jor f ttiv t ce t€ tali
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