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L
<br />85-- 0047PS
<br />if Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument.
<br />Borrower Shalt pay the premiums required to maintain the insurance in effect until such time as 1he requirement for the
<br />insurance terminates m accordance with Borrower's and Lender's written agreement or applicable law.
<br />IL Ingeetion. Lender or 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 />9. Condennatiaa. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of am 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 total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. ht the event of is partial taking of the Property,
<br />unless Borrower and lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (al the total amount of the sums secured immediately
<br />before the taking. divided by (h) the fair market value of the Property imicir eh before 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 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 tocollect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to thesums secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal ,hall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs h and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security instrument granted by Lender to any ,uccessor 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 he required to commence proceedings against any successor fn interest or refuse to extend time for
<br />payment or otherwise ntexlify amortizaGkin of the sums uxured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's Successors in interest. Any forbearance by Lender in exerc:smg any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />111. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assign, of lender and Borrower, s +abject to the provision,
<br />of paragraph 17 Borrower's covenants and agreements shall he joint and sc%eral Any Borrower who c0 -signs this Security
<br />Instrument but does not execute the Note: (af is co•,igning this Security instrument only to mortgage, grant and conker
<br />that Borrower's Interest in the Property under the terms of this Security lmtrumcnt: thi is not pc•rsonaliy obligated to par
<br />the sums secured by Oils Securily ansfrumenc and (c) agree, !hat Lender and any other Borrower may agree ill eocnd.
<br />modify, forbear or make any a.commcdations with regard to the term, of this SecurrN instrument or the \ote without
<br />that Beirrerwer'sconsent.
<br />12. Loan Charges. 11 the loan secured by this Securtt Instrument is .ub5tct to it law which sets maximum loan
<br />charges, and that law Is final] interpreted sit that the imerest or other luau charges collected or to he collected in
<br />connection with the loan exceed the permitted limits, then ia) any such Irian charge ,hall he reduced h,, the aniount
<br />necessary to reduce the charge to the perrtited hnnt: and (h) any sums already collected from Borrower %Ouch c•,�ccedcd
<br />permitted limit, will he refunded to Borrower. I.cnder inay h <,sr 'a, retake this •eitand by reducing the principal owed
<br />under the Noteot by making a direct payment Ic Bortnwer If a refund redu.es principal. the• rcducnton %ill he treated is a
<br />partial prepayment %ithour any prepayment charge under life N. te.
<br />13. Legislation Affecting Lender's Rights. If rnacunent or cnpiranon of applicable la %, ha, the effect of
<br />rendering ally provision ofthe tinge or this Security Ill,lrClrne +t! uncnfiorrc:ehlr act rdntg r„ its term,. Lender. as us ilptlon.
<br />may require immediate payment nt frill of all sum, secured hN !his ,scum} Instrument and ntay ntk,oke any remcdie,
<br />permitted by paragraph N Id Lender exercises this,pion. Lender shall take the steps spectated m the second paragntph of
<br />paragraph 17.
<br />14. Notices. Ali% nonce to liorro %cr proklded t':r n: this Securrtk Irl,irunienl ,hall he i!lkcn he dchkcring!i or h.%
<br />mailing it by first class mail unless applicable law requires uxr of another method the notice ,ha!] he directed to the
<br />Property Address or any outer address Borrower designates M noucc to Lcndcr Any notice 141 Lender shall he glken by
<br />first class mail to Lender's address stated herein or any other addres, lender designates by notice ht BorrOwcr .Any notice
<br />prostded for In this Security Instrument shall he deerticd to hake txen gown u+ Borrower or Lender %k hen h7kcn as pros ided
<br />In chi, paragraph.
<br />13. Goreraingt Law; Severability. I Ills Security Instrullicnl ,hall he ,rnrrned a,k federal Itrkk and !hc Llkk tit the
<br />jurisdictioin in %haLh the Property IS foKated In the ekem Ilia[ any pr0n11111 nr ciattsc it this Sv;unty I list nanchl of ;hc
<br />Vote conflicts wish applicable law, such canflirt shall not affect other proki,ioru of Iht, Secuni% instrurne;ri or the \,ac
<br />%fuch can III- gli,01 effect without the eonfliamg prm i,ion. 1 o till, end the prl,ki,Pn %n} this Scrum} In,Irlancoi mud the
<br />"sots arc derlayed to he seyerabic
<br />16, Borrower's Copy. Borrower shall he given „nr otthvrucd e,,py :,t!hr \.,1t• anti �,t Ihl, Seettl•tk In,!runx•nl
<br />17, 'trans(er of fire Property or a Beneficial Interest in Borrower. If .d! n any ;o.iri „f !lie 1 ^i,perty ,,t .im
<br />interest m it 1s sold or transferred for 0 a heneticial interest tit lir,rrowrr Is sold .,r iran,tcrnrd .n:kl liono%c•t is m,i a natural
<br />perst.Nli %shout Lender's prior %ritien korlwllt. L.cTlder 1113}. at its opir,tt. tequtrc unrnedt.oc godymcnt ul full ill 111 stint,
<br />see:uted by this Security hutrunictit, No %eket. this opl;oll slsiii 11.11 Ise exerci,ed by I Cyder it cxerktse 11 1, : I'll :hnea 11%
<br />fcdcral la% as of tllr date chi this Secut'tty lisirument.
<br />Ifl. endctexrtClio, thisopiton ,Lendei shall gitcKnia %err,"ti e ,ficrcler.un,u 7ht :ni,ucc shall ;,n,.ulc,ipn•r,r,1
<br />A rll.: icis than [days (Toni the data: the notice' Isdellkefed sir ITIAO :d %k ithlii %Inc 11 Br +rl.,kset Ito! :,I 11;7[ ;III ,nun „k.ilr rat !1y
<br />this Security lnstrument 1't Borrower fails in pry the c sums litim h the t•sprraTUon id Inn, pern,& i coda m;ik nit 4c .n:k
<br />;cmcdie,permirted by this Sirc unity lnstrumettt without further nouec I,r dcrnand ton lion o+wel
<br />18. Il®rrower'e Right to Reiamste. It liorro%cr mesh ceriam .orttf iwjis, llonower ,hall h,rkc rho rislhl n: ha%c
<br />enloiccioci a c l thi% Se ulj ! :r lnsttulnent discontinued at env nnlr ,pril.1 i ,.,c I It, T oI (a l ` dad, 1"I 'it, h: ! Ito pt: T;o,,, I%
<br />apt >ianhle law may spent, h,t rcutsaatementi hcfl,rk'sail. oI the I' +nln:1y put'il.tW h, my i>otke: , ! 1, ,,,ni.;:;i! :u 1311.
<br />41= eu:nty Inslr,,imcu!, t,r rh) cntry ;of a }udrrncta col= oak 1t;:, k :,.;if0 Imt•lino,_rt I h, , ; J L•, -ir• ,sic •h .r 11,r,,-k.,:
<br />al l *aaa i cost r all ,urns which ;hen %r +old ha di”. and,^ Hil, `.cull!_+ insoun.,rrt ,11111 Nil, \, 1, ball 11 L,.,.,..,
<br />ca.eat7 r:1. tha ..:o r, •ir,y ddinjh f ot% o!h.kr , :u,-ri.tw,, ..• .igrl :nwto,. I,, p,t , i :; , Allen:. Oillili.,i 1,,.
<br />ii-e a. u1•. lu,tri,ss,i rib. un.iuetnit'_ i,u! non hn „led ,.. . u .:..hie O'<nrio'k, h ,,:d :,t, .ak,_ 11
<br />re�p„a.,zhb'a � ..aLS 1� ,..,,ails rhllt !h +_ hen al :!n, „,.::. I :u.ti urn e ?sl I r 1,, • i'pnl. a .r�, !'<,.1 �. 111 i If. •i.
<br />f ;< ;�,: 4.. s. l .; =a,i :: _i •i 11 '! +pled :i .., r _ ,_, ... .. .., .: :.i
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