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85-W 0062tr0
<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 />8, inspection. 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 />4, Condemnation. The proceeds of any award or claim liar 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 proceeds shall 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 s 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 prexeeds multiplied by the following fraction: (a) the total amount of the sums secured intmedfatclk
<br />before the taking, ditided b,, (b) the fair market value of the Property immediately before the taking. Any balance shaii he
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice h% Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages. Borrower fails to respond to Lender ")thin 40 days after the date the notice Is
<br />given, Lender is authorized t8 collect and apply the proceeds, at its option, either to restoration (u repair of the Properry or
<br />to the surns 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 shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and or chance the amount of such payments
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension (if 'hr time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to ant successor ill
<br />interest o se f Borrower shall not operate to release the liabilitc of the original Borrower or Borrower', successor, iryutterest.
<br />Lender shall not be required w commence proceedings against any, successor in interest or refUSe to extend tins for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrunicnt by rea,ori ,)f c+.ny ;iernand made
<br />by the original Borrower or Borrower's successors in interest. Ain forbearan_ c by Lender :r, cxcrcl,ing am right or :emed-
<br />snail not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The anenants .,nG agrrer.:ent, if
<br />thus Security Instrument shall bind and benefit the successors and assigns of Lender and Born )tier, subtec :
<br />!o file pro,slons
<br />of paragraph 17 Borrower's co%enants and agreements shall be joint and several. Anti Borrower w ht) c ilr,s5ccunty
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument onl% to mortgage..-rant nd come,
<br />that Borrower's interest in the Property under the terms of this Secunty instrument: (b) is nor per,onall% obligated u• pay
<br />the sums secured by this Security instrument. and (c) agrees that Lender and any ,)tiler Rorr(• "- r rn.. a rrc to cxten;i.
<br />modify, forbear or make an accommodations with regard to the terms of Phis Sccunt_•, hntrionew Air the time without
<br />that t3orrower'sconsent.
<br />12. Loan Charges. if the loan secured by this Secunty Instruntetlt rs suhleit It' .I tau which -'Cl, maxnnurr !'),an
<br />charges. and that law is finally interpreted so that the interest or other loan charzcs collected ,)r :') he a)Ilecned In
<br />s:onrrection with the loan exceed the permitted limits, then: (a) am such l,)an - ,har2c ,mall be reduced hi. !Ile amount
<br />necessary to reduce the charge to the permiticd limn; and (b) any vnti, alrcad% roliected from Borrower "hero cxcucded
<br />permitted limits will be refunded to Borrower Lender may choo,c ;,) in ake tilt; refund h, re11::_u,, the principal .,wed
<br />under the Note or by making a direct payment to Borr(lwl'1 If a refund reduces principal. file R•dUcli(n) %%01 hL. treated cos
<br />partial prepayment without all% prepayment charge under the Vote
<br />13. Legislation Affecting Lender's Rights. If enactment Air expiration ,,I appllcahie Laws h:+, the effect -f-
<br />rendering any provision of rile tote or this Secunty Instrument une•nforceabic:tccordltlg t( ire terms, i ender. at It, .,priori.
<br />may require inimediate payment in full Of ail sums secured h% lhls Securn% h1,IrUmeIll and tna% Irll.)ke an% remedies
<br />permitted by paragraph 11). it Lender exercises this option, lender shall take the steps specincd in the• ecoru paragraph if
<br />paragraph 17
<br />14, Notices. .Airy notice t0 Borrower prosided for 111 flits Security ]nvrurnrnt ,hall hr gr,rrl 111 dch,erlilc it ,r he
<br />rivalling it by first class mail unless applicable law requires u,c of another method 1 he nol!LV ,hall tic directed to the
<br />Ptopert. Address or any other address Borrower designates h% nonce u) Lender An% nrflcc w Lender shill he even ht
<br />first class mail to Lender's address stated herein or any other addres, l critic, designates h% notice to Borrowcr Any nolicc
<br />provided for in this niccurrty Instrument shall he deemed to ha%c been gi cn tr, Borrowcr or !.Crider "hell given as ptotldcd
<br />Ill this paragraph.
<br />15. Governing ].aw; Severability This Sccuntv Instrunicnt •,11all h(• gocert)c•d h_s fc(fcral law and the law All the
<br />jun%diction In which the Property I, l,xatc& in the went that any pr(nrsum .n claWe OI 1111, Secunt) In,trunx•nt or the
<br />',Note confli_ts with applicable law. -ULh conflict shalt not affect other pn,tlstons All till, Sccuruy invnnnent „r the 's„ lie
<br />which can txi green effect without life confliOulg pro,i,lon Io tins ells) tilt plo%oton, of tills Secunty I:utnnnenl Ind !tic
<br />Note- are declared to he scvcrahlc
<br />16. lorrower's Copy. Borrower shall he glvrn one conformed c• +ps tit thc• N.'Ic and of Ill;,'\eellr:tl Insirinncill
<br />17. Transfer of Ihv Property or a Beneficial Interest in Iorrower. if all ,,I am part of the Properr% or any
<br />Interest tit if is •arid or ttamtet'red for If a lxmeticlal Interest in 130rrower is sold Air Itan,fcrred and Bortou c i Is not a nalural
<br />persotrf without Lender's poor writtca consent, tender nray, al Its option, rcquuc nnnre(fI.lic pal lllcnt In full A 11 semis
<br />secured by thl, Security Instrument Ilclweter• till; option ,hall not tic• c,crtae(1 I), I e•n(fer if c,cic lsc !, pn)hlhrtcd h1
<br />federal law a, of the date of Ihls Security Instrument
<br />If Lender exerclxM till, option, Lender shall give Borrowcr nnucc Of acceiervlon t ht tit +ti. t ,hall pry %lde a per a
<br />Of ttrrt less than 30 dav, front the date [tic nonce is dehtered alt mailed withal will.! KAI rower onisl pay ail sum, secured h%
<br />this SecUrnt Iflstrunncnl If Botrow'et fails to pay these sun % prior in file cxpnalnm of this period. ( ender 111.1% nnokc ant
<br />rernedie4 pernllffcd If Ihis 14ec if rity Insiriureni without further notice Or demand Ann lim row ei
<br />18. lkirrowePs ]tight to Reinstate. It Borrower Hirers certaal tnndlO wise Hint. urn ,hall iial. the nghl to h:rcc
<br />enf )reorient All this St- urrty Instrument di %omi need at any lime iunn n- tilt- cenccr 'If (,,) `,lay, (.n ,uc11
<br />appli.ahfe 1 tw tna% ;Ilene% f <n' reinstatement i hefore sale of the I'nopcm tarr,Udn1 i, an. pnwci .,f sale 'I•nl•rincd in lilt,
<br />Sccariry Insirumeril, or (h) crib% of a {udgincnt cnforting tills Security In,tnnncni Ih,•sa ,,nnliti „n, .u. !ha; Il",I ewer
<br />it ),ey4 Lrndet all sum% "Inch then would fie (file under this Sectilm In,trutncnt an,t lilt \,,!t hAd n,, 1,1lci.ln w., r`
<br />o.
<br />ergo ant dciault tit ,anc nlhcr c,ncnants .t ll,nvrnlcnls i' 11,at. ,ill r,{•:nsr, ill, erred in ,r•t.u, ins tai,, U"sd
<br />Se,:unty lios.,,alnrnt. Inc111(fillp, hill not Ilm!Ieil lo. reav)nahle .111,1711c N,, .)mi iih ta6cs vi, i I' Ilan .i•. 1 rrJt� rims
<br />ctt,<rnAhi "oiuu• 1„ ,i,,urr !hat ihr heel At lilt', Sc, oft% in,itutncnt, ( I"Ic, n,! I]—u ="+•v
<br />f!I. :. ;eel's (n ..lids ♦l'i'lt t'tf I,,. lilt,. ti..'t IIrm Ir1,:rnlnclll 'hall
<br />!t. h. .. „ �! Iv lit.�t ..i ��:. .._ �1 fits- ,�bl�y!Jlh)(r. stt. Uli °,l lm(rh•, cleat)) i •i;.0 ti I!IiI. rile, I. . r. I �� ,.. i. i.,l i. •, bawl
<br />pl ,. i I•.. .., r., i..i A,. ,loan)) rr:tt ;ipllk to Ill,' 111 At A 1 „' Al'' !I i•
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