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<br />85-- 002267
<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 />S. Inspection, Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shalt 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. director consequential, in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance tit lieu of condemnation. are hereby
<br />assigned and shall be paid to Lender,
<br />in the event of a total taking of the Property, the proceeds shall he applied it) the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower in the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured hv. this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: tat the total amount of the suns secured immediately
<br />before the taking, divided by (h) 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 1f, after notice by Lender to Horrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower falls to respond to Lender within 30 days after the date the notice is
<br />given. Lender is authorized to collect and apply the proceeds, al us option• either to restoration or repair of the Property or
<br />to the sums secured by this Secure+ instrument, whether or no, then (Inc.
<br />Unless Lender and Borrower otherwise agree in wrung• any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Fxtcnsion of the time for payment ar
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />Interest of I-irrower shall no£ operate to release the llahihiv of the oriznnll Borrower or Borrower's successors u1 interest.
<br />Lender shall not be required to commence proceedings against an% , riccs%or In interest or refuse to extend time for
<br />payment or otherwise modify anulrrizanon of the Burns secured by lilts Security Instrument hs reason of arc demand made
<br />by theorigmal Horrower or Borrower's successor,; tit Interest Any lortlearance by Lender in exercising any right nr remedy
<br />shall not he a waiver of or preclude the exercise of any right or remedy
<br />1t. Successors and :Assigns Bound; Jaint and Several Liability; Co- signers. The covenant, and agreements of
<br />this Sec urut Instrument shall hind and benefit the successors and as,ign, of Lender and Borrower, subject to the provisions
<br />of paragraph 17 Horrower's covenants and agreements shall he point and scvrrll Any Borrower who co -signs this Security
<br />Instrument but does not execute the \otc t:o is t-o signing tills Sc•cunts instrurnew only to nu,rtgavc, grant ;lilt] convey
<br />that Horro%cr's interest 171 the Propcit% umber the terms of this Sc.urfty Instrument ilia rs not personally ,obligaied) t„ pay
<br />the sums secured ht this Sccurtry Instr a nail. and I,) agrees that t cuter .uni mis „they Borrower Ina y .igrcc r:, extend.
<br />modify, forbear or make any aecomnlodatwns with regard I„ flu arms ,,f lilt, Secllrlly In,ouniew or the N„tc without
<br />Iha£ Borrowcr'sconsent
<br />12. loan Charge%. If the Loan sccurcd by this Seeurlty him£rlilllcut 1, mllh?e'i I To ;t l;iw w hrch ,cis nlaxtinunl Lenin
<br />charges. and that law is finally interpreted so that the rnte•fe%l :, ,other Loan .har;es — 11('1'Ietl Of t;, he :ollceicJ Ill donne,: m,n with the loan exceed the permitted limits. then im .u'y ,itch ;o;ul 'Bare ,hall he rcdurc,l by the :urlolwl
<br />ne:cssary to reduce the charge' to life permnic:d limit and Ibi in minis already colleted from Horrnver which exceeded
<br />permuted hnnts will tic r°funded to Ilorm%ker Lender feria,, •:brass I„ rn;ake tht, refund by redtding the• p rtn.aral ,-.,,cd
<br />under rile late ar by maknig a direct payment In Horrower if a refund wdut es prmcip .1i. tilt- reduction w ill he Ire ited a, a
<br />rarrlal prepayfuent without any prepayment charge under tilt, tiutc
<br />13. i.evislation .Affecting bender's Rights. It enaeitncnr o,r vxpir,mon rot ipphLable laws ha, the rtlect of
<br />rendcruig air proi,ision of the Note or tills Security Instrument imenhrrceahic a,.torvhrilt f,, Its torn, I t•ndcr. it if, Option.
<br />may re4u1tc tnimcdtale p;tytllent III lull of all wills secured by lilts ti17c i1rlty Instrument and inw, imoke any Icnledrr,
<br />pcilmnted by paragraph Iv If i ender exer,:Iscs this option, I coder ,hall take the steps specified ill tilt - second paragraph of
<br />paragraph 1'
<br />14. Notices. Any nonce r„ H,irrr,wCr prdwtdcd ter In till, Security In,trinnew ,hall he gI +CIS by dclocring it f,1 by
<br />Inalhng it by first Clans mad unless ;applicable Lbw requires use of anoihcr method Me noLlcc ,hall tic (111C OM to tllc
<br />Property Address t11 ally ather address Borrower designates by nonce to Lender Any nonce to l ender shall fie )anon M
<br />first sass ["all to Lcilder's address stated herenl tit auy oihci .address Lender de,ignalcs by nagicc I„ Nnt,,,dcr Any notice
<br />proi,lded for fit this `c :urlty 111strulllcnt shall tie diccmcd to have teen gi %cis 111 Borrower or I endt•I w he'll f9lcll as prnidicil
<br />rn this paragraph.
<br />I5. Governing Law; Severability. I Ill, Security lnsirumcnt ,hall ht-• t ;n,crned fn+ frdrinl law :nr,! 111r (a+v rot the
<br />nuri`ducnorl an which the Prolterl., r, to -Ifed hi file event that any pr„vr,uln ore dJllmr tit tie•. Scr:urt+ 111 "IUMI.111 „1 ,Ir,,.
<br />liar r:o•ntllct, with applicable new. such toniticf ,11,111 nr,t ;Ift"t (IIlirr piovnrtons of Iles Security Insirunw:it , r tilt:
<br />whoop can tic: elvrn etfett VI £Owlil file:rnatticring pn,cl,roll I„ this cod the prr+lsrnn, r)ttill, sc:urify 1n,uulncilr .ma'hi.
<br />\r,n: Ara: decimcd It, fin' severable
<br />lb. Borrower %Copy. H „rrawer,11m;N:glcen, Inc„o liforned,' ,I,%"tOwNol.., .1nd,.11 Ill, sr, Ill n, I,i..'In ;n :11
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. 11 .ill or ;toe p.w .,f Oil I'ny,ci -r am
<br />Enter;`,¢ ni tt eta i& lwC I'tal micl"t u1 H,irrrwcr 1,,old o,r frantcrr: ;d and H„rr„+it1 i,,-r i ll.Wli.i!
<br />pc,f^ ,lo wohoul Lender•, lamer wrlllen — Ilwnt. I cndcr may. if unmedhate pa,fucnl nr Iwl . all ,unr
<br />cured by this Sic -only lals£iialncnt ll.,wc%cr. liti, „pt„ll .11.111 non t,c cxc:o'kil In Lenart 0 f1 ,cit1w I,
<br />ta°dt; rail, aw, nsf£'tlle•d ;atent`rltsS+ ;t:urov Itisirunoi °tit
<br />It I cnilvi e'xen'l, :rk: tin r +pirnn. l cndcl shall pTie Hrrtr'iicr r,nrrrc r,f dirrlcr.tlr,,n I he r,, ere has! l i In r,.,i
<br />f r,r,r le s titan li"In the (Lit"'. the 1-tl,e i,.lr6r,rredl •,r alialllc•:I wnthur whnc h mu'r I,:n .ell i „,-” ,-
<br />tflls "wturitr Instluit",fil 1' H+orro,wer ts)ly - pay. rha-,< ,.rite pt,,u 1„ fir ex('•eratson',I 1111•• I,ru�,J. 1 r n,;"f ni„ „,kc ..r:,
<br />fa; 3ls €then pa�rnii£te'il by this ;.•,:aastrr lnylruulcnt,I11Bout Iurttict norc•,or dconandera 11oft.,i%cr
<br />10. Borrower's Right to Reirlmate. It ti owvlct mcul, :cttalft condinfUlS, ;'rr ul ht ! icn�
<br />Yrefs rt k rflcnl of 1114, Arta 0.kf ltF N'ttury ill d. w.v It!?f:ae -i tit an+ 'Irli• ('l Inn I.1 l.i l c ,fae, i,.,( •.tic h ,'I tier l•i i1, ~a .,
<br />alTpll „shit] bibs rn”, ,•jw,ily i „r r .r.t,r¢ If,rlfi fsl :,rc,•i14. .,t tlid I'r�,pctt+ ;nif,lanl ?• .alit l+,n+rr -1 .,,1, � =nt.nrW•I tit 1i—
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<br />•::oa vay, I in,, :r hi,l, riven wr old I", rlur undef itlr•. `11,1011, 11,11umrrn :+nJ ;hr ss, t, hraoi ;,: r,.rl, I,,,::r.
<br />, w.,: i,rt••a. r i ,ur,•m air•, .1,1atPl ••1 sets ,:¢h ^t ...•,. e flailt�, I'l .littv"Il •nr,. I,,i I•al, .Ili r,+, -- ,n,,ullrcl r.r o,I I,n!w r. ,.
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