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(- 85 001297
<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's and Lender's written agreement or applicable law.
<br />a. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />i shall give Borrower notice at the time of or 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 be paid to Lender.
<br />In the c% cot of a total taking of the Property, file proceeds shall be apn@ied r(t the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event cif a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall he reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the %urns secured Immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an sward or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given. Lender is authorized to collect and apply the proceeds, at Its option. either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or riot then due.
<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 monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />20. Borrower Not Released; Forbearance By Lender Not a Witiver. Extension of the time Ibr payment or
<br />Modification of amortization of the sums 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 original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse t(t extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of ally demand trade
<br />Ill. the original Borrower or Borrow'er's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not he a waiver of err preclude the exercise ofany right or remedy.
<br />I1. Successors and Assigns Bound; Joint and Several Liability; Co-signers. T he covenants and agreements of
<br />this Security Instrument shall hind and benefit the Successors and assigns of Lender and Borrower, subject to the proyuions
<br />of paragraph 17. Borrower's covenants and agreements shall heioint and several. Any Borrower who co -signs this Security
<br />Instrument but cElx% nut execute the Note: (a) a a,- signing this Security Instrument only to mortgage, grant and convey
<br />chat Borrower's interest In the Property under the terms of this Security Instrument. (bl 1% not personally obligated to pay
<br />the Burns secured by this Security instrument: and (c) agree% that Lender and any other Borrower may agree to extend,
<br />mOdIR. forbear or make any accommodations with regard to the terms of this Serurny Llstrumcnt or the Mute without
<br />that Borrower'% consent.
<br />12. Loan Charges. if file loan secured by this Security instrument t% subject in a last which scls maximum loan
<br />rh ;lrgrs. and that law Is tinaily interpreted so that the interest or other loan char es collected nr to he collected 1n
<br />connecilon with the loan exceed the permitted limns. then: (al any such loan charge shall tic reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any %ums already collected from Borrower which exceeded
<br />permitted limits will he refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />tinder the Note or by making it direct payment to Borrower if it refund reduce% principal, the reduction will he treated as a
<br />partial prepayment wnthout any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or thi% Security Instrument unenforceable according to its terms. Lender, at its oprlun,
<br />may require immediate payment ul full of all sums secured by Ihrs Security In%trurneor and may Invoke any rernedie%
<br />Permitted by paragraph I(a If Lender exercises tht%option, I.cnder %hall take the step% specified In the second paragraph of
<br />paragraph 1'
<br />14. Notices. Any notice to Borrower provided for In this Security ln%trurnent shall he gl%cn 1,y dch%cnng a or by
<br />mating It by first class mall ['[ties-, applicable law requires use of another method. The notice shall 'be directed to file
<br />Property Address or any other address Borrower designates by notice to Lender. Any n(tncc to Lender %hall he gnco by
<br />first c @(%%Mail to Lender's addre%%stated herein orally other address Lender designates by route In Horrowe[ :1 t» Holler
<br />provided rage m this Security Instrument %hall he deemed al have beat given to Horrower or Lender w hen gI%en as prow ided
<br />In tills paragraph.
<br />tS. Governing Law; Severability. The% Secant In%trurncm shalt he po%er'ncd I,% fidrnl taw and tier taw .d Jilt
<br />ftirl%dictlOn ttr which the Property Is located. In the event that ;try procl%unl or rlaux: of till% crcurny Instrument .0 he
<br />til,te conillcts with appLcahle law, such conflict shall not affect other provt%Iorls of tills Securlry Instrument or :he lofe
<br />which can tic grycn effect without the conflicting prnvi%Ion. I'o 11111 % cod the proii%um%of this Security E list runlc['I and lire
<br />N"Ic are declared to he severable.
<br />16. Borrower's Co9y. Borrower %hall hr, given (tile vonformed copy of the tiofc and A fill% Seoul it lrlstrllrnr nt
<br />li, Transfer of the Property or a Beneficial Interest in Borrower, It all any part of the I'ropert or .un
<br />Irttcrest ul It Is sold au tran%ferrcd (ur if a helleticial Interest Ili Borrower 1%srtW nr transferred ,Ind Burrower Is not ;1 natin,l
<br />hcrsorril washout i ender•% prior wrlitcn ,:,,nscnt. t.cnder nrry, ill it, opuun. rcyuo,' Inuncdl;Uc p,i me ill m full ,d ell Burl%
<br />,cLurcd by tills Security in%irwncnl. Iinwcve'r. this option %hall not he 4'hc4, Isrd I,% I cnilcr 111 cvl•rvlsa• I% pinllhflyd ht
<br />rcdcullr:ow ;avrl't(ht•(lire of 11110a tirlI!, lllsfrunt <,diL
<br />If I.e:rlcicr cxcrciwe tills optlnrl, 1..IIndcr shall glyc riotYUwe[ n Mcr of a�:eirr:rUnn the nnn.r .hall (,ro, Ile J lL'n,hl
<br />le" (hall ;(I cftry%front the date 1 11 1' notice is demcred or mailed watjilt, which Bc,rn,urr rnu %t pay all Bunts %cc in rd h%
<br />Seeunry in %trurnenl. IS Borr(tvicr tuts fit pay Ilfe:c %Inn% (+curl In the rxhlr ;ulnn ill rills I,1' clod. Lrndcr nl:n ill,, i c
<br />retrledle %I,errrlltted by ills Securry rnstrumeul without further nonce or demand nn Hurtowel
<br />tp. Btrrrower'w Right In Reinstate. It Borrovt(-r nlcrts crnaut c„Ilditlotl %, Horro,vrl Owil lrltr Illy rl(!hf to Lice
<br />rlpirr64 tit %'Dt elf fill% ia:c llfltt 111 %Iruln <11t1 rllscnnhnucd .II any Line pricer Il the caller of (:1) ` ,I:n.Io1 "u, h "Ihcr p twd
<br />ppltiahh law I111' pvcty too real %l,llulli4•I11 l 1 Iwc s'dl „t ncc PI,gw1h (IIr %Ilalll ill .III\ 1,,,11, I „l %.Ili �„Illalnlsl I1) 0i1, a
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<br />r aY (abs i. -rider ,oft satin% winch tPlcn u,n1(d he ,Luc under this sr.. uru
<br />curre.l fhl cure.% ant 1'i llulr �.4 an% uihrl !r,rnanl% or I > In%Innnrnl uul 'h1' %,m• hu.l n�, , , ;•I,•r,,n,a,
<br />1n!y @n•arum <na nlchl.lnik• h ghcnunl' ( I Ilat� all tall %,%,•l,lol „i ,n rill lien !hl•.
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