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<br />84 - 002824
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<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 />shaH 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, 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 be applied to Ihe 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 by this Security Instrument shall be reduced by
<br />the amount of the proceeds ,multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) 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 if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or sellle a claim for damages, Borrower fails to respond 10 Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums 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 2 or cbange the amount of such payments,
<br />10. Borrower Not Reieased; Forbearance By Lender Nut a \Vaiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor 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 be required to commence proceedings against any sllccessor in interest or refuse to e.'ttend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demandma4e
<br />by the original Borrower or Borrower's successors in interest, Any forbearance by Lender in exercising any right or reJJlcdy
<br />shall not be a waiver of or preclude the exercise ofany right or remedy. '
<br />11. 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 assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17, Borrower's covenants and agreements shall be joint 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 andcc:onVeY
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obliilatCl!lctll'pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may ayee,-,-tQ'--e.Jtend,-
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the,Note,witl\l)lIt,.
<br />that Borrower's consent, . " ...,.:.... - -
<br />12. Loan Charges. If the loan secured by this Security Instrument is,subjecttoalawwhjclt~!~'IJ1:
<br />charges, and that law is finally interpreted so that the interest or other loan chargescollectcdor'lo:-iI!:,;cll
<br />connection with the loan exceed the permitted limits, then: (a) any such loan ch'!l'ges~bt:-rcdilcc:,~t._
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collectedfJ'QmBorrow~,~
<br />permitted limits will be refunded to Borrower, Lender may choose 10 make this refund by 'red.uci~gi!~J!_
<br />under the Note or by making a direct payment to Borrower, If a refund reduces principal; thei'cducPoi\',~I:.,
<br />partial prepayment without any prepayment charge under the Note, , . , .' " ",-.,__."
<br />13, Legislation Affecting Lender's Rights, If enactment or expiration of applicabIl;-la""s,h~_
<br />rendering any provision of the Note or this Security Instrumenl unenforceable accordiQgJQjtsle~~~
<br />may require immediate payment in full of all sums secured by this Securily InstJ"l1l11ent andLmaY:,~~:v()\I~l'
<br />permitted by paragraph 19, If Lender exercises this option, Lender shall take the stepupeci!icd;i!l;#~:
<br />paragraph 17, - .c
<br />14. Notices, Any notice to Borrower provided for in this Security Instnlmf:lltsI\IlU'be
<br />mailing it by first class mail unless applicable law requir.,.use ofanother-inethod':The:noti
<br />Property Address or any other address Borrower designates by notice to LendenAnY_'Doti",*i
<br />first class mail to Lender's address stated herein or any other address Lenderdesigna~by;noti
<br />provided for in this Security Instrument shall be deemed to have been given to Bor;rowel:-orLendi:r.:\YII
<br />in this paragraph, .
<br />15. Governing Law; Severability. This Security Instrument shall be g()vemedby f~e~!llla~:!lM!
<br />jurisdiction in which the Property is located, In the event that any provisionorcl!luseoftlJi$~",gty,!jI~
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of thisSec:l!rjty,I~l!'!1~t;oN_
<br />which can be given effect without the conflicting provision, To this end, the provisionsof4his:Sec:l!rily.lnl!tRl~!'
<br />Note are declared to be severable" ....'.. ,_'. .
<br />16, Borrower's Copy, Borrower shall be given one conformed copy of the Note and of thisSecu.rit)'Jnst~~t;,;
<br />17, Transfer of the Property or a Beneficial Interest in Borrower. If all or any part,ofthe,Prope~o~LaIlY:
<br />.nterest in it IS sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrowe.r is,nol!l' !I!1!l1f!11
<br />person) without Lender's prior written consent. Lender may. at its option. require immediate paymenUnfulI,:ofai.l.$\IJ!l.S-
<br />secured by this Security Inslrument. However, this option shall not be exercised by Lender if exercise is prolJil:litl;liby.
<br />federal law as of the date of this Security Instrument. .
<br />I f Lender exercises this option. Lender shall give Borrower notice of acceleration, The noticeshallp;ovi4eLa-pe~,
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay aU:sumssecllr~.by.
<br />this Security Instrument, If Borrower fails to pay these sums prior to the expiration of this ,period, Lender may invokl; any.
<br />remedies permitted by this Securitylnstrument without further notice or demand on Borrower.
<br />18. Borrower's Right to Reinstate, If Borrower meets certain conditions. Borrower shall have the rightto have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant 10 any power of sale contained in this
<br />Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are Iha! Borrower:
<br />(a) pays Lender ail sums whi~h then would be due under this Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default or any other covenants or agreements; (~) pays all expenses incurred in enforcing this
<br />Securit), Instrument. including, but not limited TO. reasonable aUorney~' f~; and (d) takes, liuch action. as Lendc,r may
<br />reasonably require to as~ure that the hen of lhis Security Instrument, Lender's right:.. in the Property and Borrower's
<br />obli.gation to pa.y the sums s~ured b)' Ihi--\- Securlty Instrument shaH continue unchanged. Upon reinstatement by
<br />Borrowrl, thj" Security In~trumem and the obllgation:-- ~ecu-red hereby s-hall remam fully df<<:t1vt" a~ ifno accekrHtton had
<br />oc<,.'urred. HUl.'le\'er. lhi~ nght to remstate shall [lot i1]':rply lT1 the nls.e offKt-denl(Wn under raragmph.... 1.1 or 17
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