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85-- 0047,? 2)
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument.
<br />Borrower shall par 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 writien agreement or applicable law.
<br />8. Inspection, Lender or its agent may make reasonable entries upon and inspections of the Propcny. Lender
<br />shall give Borrower notice at the time ofor prior to an inspection specifying reasonable cause for the inspection.
<br />i, 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 event of a total taking of the Property, the procctids shalt he applied to 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 rums secured by this Security instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount if the sums secured immediately
<br />before the taking. dr. tded by IN the fair market value of the Property immediately tid'ore the taking. Any balance shall he
<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 award or veil tc a claim for damages. Borrower fails to rcwpond to Lender within 31) days after the date the notice is
<br />given. Lender is aurhorized to collect and apply the proceeds. at its option, either to restoranon or repair of the Property or
<br />to the,umssecured by this ticcuntr Instrument, whether or not then due.
<br />Units Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />ptnil,c+ne the due date of the monthly payments referred uo in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released: Forbearance By Lender Not a Waiver. Extension of the tom:: for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender it) any suceei or in
<br />interest of' Bxrower shall flow operate to release the liability of the onginal Borrower or Borrower's successor, tit interest.
<br />Lender .halt not he required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument try reason ,,f any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lcrider lit exercising as right or remedy
<br />shall not he a waiver of or preclude the exercise of any right or remedy .
<br />If . Successors and Assigns Bound: Joint and Several Liability; Co- signers. ]'lie L OWIlants and agreements of
<br />this Securnr Instrument shall hind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 1'. Borrower's covenants and agreements shall bejoni and sex oral Any Horrower who eo -signs this Securuy
<br />1ns!rument but does not execute the Note: (a) is cosigning this Security Instrument „nil Io mortgage. grant and convey
<br />that B+rrowci s tnierest in the Property under the terms of this Se: ur:ty tti,trur;en! ihl t, not Pel onalli, ohligaled to pay
<br />the sums secured by this Security Instrument: And 1::) agrees that; 1 ender and am other Boru,uer may agree n, extend.
<br />modify. forbear or make any accontrnodauons with regard I,+ the terra of this Serur;!.N Ins!rumcnr or the Note xvithout
<br />that 13clrnower sconsent.
<br />12. Loan Charges. If the loan secured by this Security in,truiriew is s hires tr• .1 1.+11 +.hr h sots maximum 111:111
<br />charges. and that laws finally interpreted ,11 that the imcraon IT other Lcui ,harZe, crdlrurd .v to isc coI{rctcd ui
<br />connecnon with the loan exCCcd the permitted limits. then of if;% siteh ivan Lhargv Jtaii he rcoiu.ai by wile amount
<br />nv cssary to reduce the charge to the permitted limit_ and ohi am surds already ,llcrird fr.. :rn Borrower witch execdcd
<br />permuted bruits will be refunded to Borr, %%er Lender noav hill „c r .oak, 011, ."-fund In rcc+usmg the principal owed y
<br />doter the :Sole or by slaking is direct payrnenl its B,rnower If a relimd reda,cs L.rnnp.ti, the rrducrton wall hw treated as a '
<br />partial prepayment withon11 any prepayment charge under flit., 13. Legislation Affecting Lender-. Rights. If rn.uwtr•,ettt or rxi,lrown .,f apphCahie law's has the etlect of
<br />rendering any provision of the Note „r Oil, lwcurity Ins!ramoil uncnlonceaiol, is !u;r :g ; :, rs t;arms. I enter. at itsopu,rn.
<br />may require immediate payment Ill full of ail sums ,crurrd by this S�ccunrn instrument and, may mxokc ant, temedles
<br />permitted by paragraph 1U If 1'..cndcr exercises thts optton. Lkinder,hail take the stcps +prettied to file second p.tracraph of
<br />paragraph 17
<br />14. '\otiees. Arts nn ^ICr to Borr, cr { +rnotdrd for ill !i:n Sectlrt: IIE,IFIMICni shall he glue❑ by dc{nering 11 or I +v
<br />mailing at by first .'lass r.tati unles> apphcahle iaw regture, use of ado lict mciholi. I hr n,ucc shall he ducted to lite
<br />Property Address or arty other .iddress Borrower designates by nonce to l.cndei Ali% n mat: to !.ender shall be gscn by
<br />first class mail to tender's address siatc i hcron or any oilier addre,s I ender deslgnJIL's by n41et' It) Borrower Any nonce
<br />provided form th11s Secunty Instrument shall he deemed u, bias ieeti gncit !n Born,wrr ,,I I ender when vixen as pro%ided
<br />Ill Ilii, paragraph.
<br />IS. Governing Law; lwterability. Hit% St:ritrtty ll,trurncltt 11;,E ht. _�r11rr7jd by i; iic!al hnv ,till tltr nv �'l the
<br />iun.dicttcwt Ili which the Propert; 1, kkmcd Iii the Cicnt :hat any proyis:nrt -It. , iau,e cl this Jes;ua} 1rt,tri :aunt �'r rho
<br />\lite cottfllet, with applrcahlc law. suds ollfrt shall flow aflcrl railer pro,isu>ns ul this Se•cunf. In,irunirrtl or the \ "IV
<br />which all be y;ncn cfleci without file ronfltcnflg proxiswii i o tills end the provision, of tilts Scurrty 111Nrtttncni an,i till.
<br />N l rte arc declared to he sc vcrablc.
<br />16. 114wrower's Copy. fi rr, war shall Ili: g!%e•ll om.. r. nlGTill'-u nt,+ ,( the Ni", ,11,,1 • I I'll, Ses; :rot, Ins;rnr.rut
<br />17. Transfer of the Property at. a Beneficial Interest in Borrower. 11 a;i :+r .u:% ;,ari of the Pnq,ell u.}
<br />tntete,t tit n t,sold,u trunfetrcd for tt a 1d nehCtal tntenN ;n Bnnowet is said air ttuuslcrred and Bln r :lwct ;.!1 4 .t ;t.ltouai
<br />pcnxn) without Lcndet's prior written :; :resent. I. cndct iota}. at :t, opu:,n, rc'tllitrc :cinicohatr I,ay metif its fufi t..1 Ili ,;tin,
<br />sc,iuted hr flits Secunty Instrutlicut llowescr. 0.1, opll;ctl sha;i nr.I fe excl, ,rd h, I cndcr a ,vitro”- c, I I :.E•Itco h_v
<br />federal law as ,.if lite date , of this Sec urtt y 11istt uniCrit
<br />It Lcillict cxenciseis lttis ,rpuon. I.anJct shall gt.0 lfiarowcr nl,tiic of a, : :cictatt „n l
<br />rf n,r lr'„ thim 3>7 days Irom ilia daie the notice isdcliccrcd or rnaolcd wtllml which H„rc,wcr ;111:,11'.Iy 1i! ,wlr. ,,, Ill, hs
<br />thus to curity Iftstf umciti if Br_ =molter fails to pay ihc,c sums poor r. the c xh;rau„n ha i„ ! I• vi. 1 r w.:c ul,,.h: .u..
<br />Ict iedics perrnrted by tlu> Security InNntntent 'A111101,11 further n,ticc Or demand on Hol rrwrt
<br />IS. Brarower's Right to Reinstate. If Bttrrwc•r meet,'ertar!t coctdtn,tn,, B,nWwcl ,h.13; t ^ear I!ic :mho l ,hear
<br />ttfirrcettirnf 411110ticsurus fit' meal dis, till till lick] at any hnu pros the r:u: i.ti 5 J,;i, I ,: ,1, l r.lhl , p, t; -!
<br />L pf,ii wile aw tor, lx sl' n t.+ is nli lk ft ,d Olt: 10 I I-
<br />Sic'urlle It„tn. t >ctU t ,r r . n e f;: ;n: meow ct t fI1 :1e. tIlI tic,' I I' .11 „t I I I h l I. I i H -I • ,+.
<br />�t lambs 1_t l<;r sit sun!•. wlu.h :litAl te",ld "4. 1111, .In,;ct fill, ilnfw ln,trwl� .; .tl; 1
<br />I` i .ara ,a ,t,lto,t I w -O l! af—,1;,t: :, ,: .. r,•rnx!,i,. i :l i,a, ,1 ilia..
<br />'Tti ,: Sri ^ -, Ft, ..,,enc-sl; -v., iudtn:p7_ !,tit rn •'I 'nntP.a !. ,. tr.i..,n,i!,1 - 'Ilturl�, � '.r _ tin. I :. ,an. .. . . •. ! .. u,n
<br />a• .hc her! „i rfnti tiecanly I:!srinr.r• I 1 .. i�!u• , I : :
<br />»,�•i. _• 1..6, ,. .. ul ell I' ", ,Ilia s, - I!'j', IFI -rt lltieIll •,.I .. .. i... ..
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