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Fir.
<br />�.GGltoll/
<br />$-� 005524 85-005048
<br />If Lender required mortgage insurance As a cordition of making the loan xxured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in ctfect until such time AS the reyuircrncnt for the
<br />insurance terminates in accordance with Borrower's and Lenders wniten agreement or applicable law.
<br />IL Inspect" Under or its agent may make reasonable entrus upon and inspections of the Property. Lender
<br />shall give borrower notice At the time ofor prior to an inspection specifying reasonable cause for the inspection.
<br />fl. Cuodommumiaa. The proceeds of any award or claim for damages, direct or cotmselucntgal, in connection with
<br />any croderrmnauan or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />aAistgnel and shall be paid to Lenckr.
<br />to the event of a 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. In the event of a partial taking of the Property,
<br />unless Borrower and Lender therwiw agree in writing, the sums secured by this S",unty Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured imtedately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid tp Borrower.
<br />If the Property is abandoned by Burrower, or if, after notice by Linder to Burrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower falls to restwnd to Lender within 30 days after the chic the notice is
<br />given, Lender is authorized to collect and apply time proceeds. At its option, either to restoration or i cpair of the Property or
<br />w the suns secured by this Sexunly Instrument, whether or not then due.
<br />Unless Lender std Burrower otherwise ague In writing, Ugly AppliCaL1011 Of PI'Mords 10 principal (hall not extend or
<br />pustpone the due date of the monthly payments referred to In paragraphs 1 and 2 of change the amount of such payments.
<br />10. Borrower Net keletarod; Forbatrance By lender Not a Waiver. Extension of the time for payment or
<br />modification of aniortiZALion of the sums secured by this Security Insuumeni granted by Lender to any successor in
<br />iutueSl of burrower %hAU nut Operate Lu rckAsc the liability of the ongmal Burrower of borrower's successors fit interest.
<br />Larder shall not be icqurred to conimece proceedings against any Successor to interest or refuse to extend film for
<br />payment of otherwise modify alnuruzauun of the sunu secured by this Security lustrumcul by reason of arty demand made
<br />by the original Burrower or borrowcr's successors in Interest. Any forbearance by Lender Ili cxcrctuug any right or remedy
<br />shall lux be a waiver of ur preclude the cxcrctsc of any right or remedy.
<br />It. S"cearurti and Araigi d Blond; Joint and Several L i"ty; Co- signers The covenants and agrcen►cnis Of
<br />this Socuruy Instrument shall bind and benefit the succcssun and assigns of Lender and burrower, subject to the provisions
<br />of paragraph IT Borrower's covenants Acid agrtxments shall be "ill and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage: grant and convey
<br />that burrowed s interest in the Property undcr the terms of this Security Instrument, (b) as not personally obligated tO pay
<br />the suns sccuic d by this Security In%trunlcin, And (c) agrees that Lender and any other burrower may agree to extend,
<br />modify, forbear or make any Accwrimoidauuns with rcgArd to the tans of flits Sccunty Instrumcnt or the Note without
<br />that BUrrOWCr acOnscnit.
<br />!2 Loa CYar{es. If the loan secured by this Security IilSitumCirl Is sub)cct w A law which sets nwxfmum Irian
<br />charges, aid that law a finally Interpreted w that the Interest of Other Iron charges cullccted Of to be collected in
<br />wnnatwu with the lien cxo:eed the permitted llmrts, then: (A) ally such Iwo chArgC Slal: ire ICUUCod by tic au/uunt
<br />necessary to reduce the charge to the permuted limit, and (b) any sums already collected Iron, burrower which exceeded
<br />permitted limns will be refunded to Born)wei. Lender ntay choose to ,nakc rho rcfhod by reducing the principal owed
<br />under the Note or by making a direct luymcni to burruwcr Ills refund reduccs principal, the red"tusa wdl be ueatcd as a
<br />parties) prepayownt without Any ptcpaynicnt charge undcr tlic Nutc.
<br />l3. L.s>Yiataliva Affecting Lender's Rig ►u. if cuactmenl Of cnptrauun of Applicable isws has the cdect Of
<br />rerddenngAny peovluun of the NUIC or this Sourly Instrumcnt un cliforceablc rccurdutg to Is Ietms, Lender, at us option,
<br />ma) require emmMdralc payment fit full Of all sums Secuicd by ilia ScLutiiy lltslrunicnl and may anvukc any remedies
<br />permitted by paragraph 19. if lender exercises this option, l.xndu Shull talc file steps simcnticd fit the se;uud paragraph of
<br />paragraph 17
<br />14. Nutiees. Any notice Io Borrower provided flit fit Ihis Sccurily instrument shah be given by dclivcring It or by
<br />mialhng it by not class guagl unlcsa apphcdeblc law rcqultes use of Actulhct nrcihudl. The ounce shall be dilectcd lit the
<br />Property Address err Any other Address Burrower de_Iguales by ltuficc to Lcodcr Any IIULICC to lender Shall be given by
<br />first class mad to Lcodcr's address stated hrrem of Any ollicl address Lendcs dcsignaics by uuticc to Boiruwcr Any nuu:e
<br />provided for to this Security lusfiunteinl %hall be deCilied it) have becll giveil It) Borrower err Lender when given is provided
<br />in this paragraph
<br />15. Governing Law, Severability. Ihis SCiullly Irlslrullicili %hall Inc govelIICd fly fCdcfal law And the law of the
<br />jurtadlction ill which lilt Propcily is Iticated. !n the evclll 11141 ally IMOVa1011 Of clause of Ions S",uri[y hutnuri.cltt err the
<br />Note cunf scs Willi Applicable law, such conftict shall nil adect Other pruvtsfolts of tilts K.turit) hnsirunicnt or file Nile
<br />Which call be given offal wlthoui the cunflicttug pnovston Ter gifts end [tic provisions of Ilia Security instrumcltt and the
<br />Note tic dc.larcd Ili be scvcrabic
<br />16. Iflorruspier't Copy. borruwer %hAfl he given one tl IIlUUfred cup) of the Note and of tilts Sccurify Instrumcnt,
<br />17. 7rawsfu of tike Pruprrty of a Beneficial Interest a Burruwr:r. If all Or any part of the PIOperiy err Arty
<br />ntereva to it is sold or trauslerrej our it'A benertcul wLCre%[ In BOrrOWCr IS will us iran%lertcd and B orruvscr a plot a naluiAl
<br />persist) without Lender's prior wrilten cunseltt, Lrnckr MAY, at its Option, rryuuc inilnedwic payment nt lull of all sums
<br />secured by tills Security It»fiumclif However, This upuun shah nut bee exert:acd tty Lender if exarctae is prohibfted by
<br />falerallaw As of tile 44teof thissecuriiy Insttullicnt
<br />If Under exarciscs this option, L.enJev shall give borrows noltoe of accelerafiun 1 he nuuce shall provde a Ioer nil
<br />Of flat mess than 3Wdays ham lilt dame the notdz a delivered or mailed *hill which IIIAMOWCI niusi f)Ay All %uniS SCCUICll by
<br />thus Sc.urily Instrument If borrower fails to lwy these sums prior to the Cxprranun of file pcuod, Lender ma) mvulr sty
<br />lemedir%permiited by this Security Instrumcnt without lurther uomcc of dclnand on Ikirn)wer
<br />Ill. Borrower's kmglit to keiastale. If Ikinuwer rnerls ccil:uu coodrlu,n%, fjol wit shall have flit right to have
<br />cplh,r :cnketit of this 5uurity Inslrunicpll dlscoltunucd At any tittle pilot to the cap lire of (a) 5 Jays (or Such other lv iuld x%
<br />app4db1C IAW gnsy sptady 1uf reulslaterocntl belmir sale fit the Pr,gwfly putsu,ant lo any puwct ul sak untalfird Ill till% L
<br />Smarlty filsifulnrnt err tbf entry .,I is Iu,tgmcnl enlurclok [ills 'W%unty luslrunlert I ht»e :.niditiuns Are that lkgrrowcl
<br />lei ;.Oy% L.cnder a4 %u111% which then would lie due undcr lilt, Sev.unly 1pl%trttulcul and tjrc '%dote hAd no a" "lefollofl
<br />y,�td:rtrij. (b) UICS ally default .d Alt) other t VC11mlit%;n agreeturnl% 1:1 pals .ill eRlk'INC% Innuried In enl,.i,vtlg flits
<br />Setui)ty ht %I :uuitul, irt.lOdtult, hul not hnolcil tl,, rca• «cplatilr attOrncy%' fie% auto 1,11 takes %u.11 acnoll t% 1 rlturl n14y
<br />rrAS:.fality tcyuare lit Assure IhAt lilt lien Oh this stLuilly Iiniulnicni. I cnllct , nftih u, tilt I't,,l city std If.,n,!wcr't
<br />:�gtl tla {le ,fl Ill pay ;lit -r Urnl M'.t Utri) b} Itl„ �'. iafny 111%I!unlg'itf .flail 1110111,11' !1We tlutllAII tVll 1';l IeUNIAIr'Int',ii Ir'
<br />}4 +vIwsr, ahi, we.. unI v In %Il uuierI au.; Ili' .�hligaluur. , +,. ern -.1 hrreh} shall ! 'rr, i =r toil% lull: tiv .s ,i ter, n., lies I.0 +: n+ had
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