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<br />84 ~002826
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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 />shall 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'witb
<br />any condemnation or olher taking of any part of the Property, or for conveyance in lieu of condemnation,arebereby
<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 the sums secured by this ,Security
<br />Instrument, whether or not then due, with any excess paid 10 Borrower, In tbe event ofa partialtaldngcof'the ,Property;
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument s~alIbt;'~c;dl1cec1,br
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of tbesurns secllrecUmmedia.'!!'ly'
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking,Anybalance'$b8ll,be
<br />paid to Borrower,
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower thattheC<?"i!emnoro",~to'
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days afterthe~ie t,he .'1otjce,is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repllir oftherroPenycOr' .
<br />to the sum"secured by this Security Instrument, whether or not then due, . ... ' ,. , "
<br />Unless Lender and Borrower otherwise agree in writing, any application ofproceedslOprincipa!~.no,
<br />postpone the due date of the monthly-payments referred to in paragraphs 1 and 2 or change thean.ountofs\leh
<br />10. Borrower Not Released; Forbelll'llllco By Lender Not a Waber. ExtenSion of the time for. .
<br />modification of amortization of the sums secured by this Security Instrument grantedby~to"aDr'~,'
<br />interest of Borrower shall not operate to release the liability of the original Borrower orBorro~r's,s~ri;.:'
<br />Lender shall not be required to commence proceedings against any successor in interest or rel'uSe.to."x '
<br />payment or otherwise modify amonization of the sums secured by this Security Instrument'by reason of any d, . ".>'
<br />by the original Borrower or Borrower's successors In interest, Any forbearance by Lenderin,exercising'llIlY'.fig!!t'9r., "'."". < ",. .'
<br />shall not be a waiver of or preclude the exercise of any right or remedy, ... "'/','"
<br />11. SutteSSOrs and AssillllS Bound; Joint and Several Liability; Co-sillllers. The covenants and.agreem,entsqf....., .
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subjectto,'the'Il~i,,*"
<br />of paragraph 17, Borrower's covenants and agreements shall be joint and several, Any BorrowerwhocO'-signsthi5'~iiritY:
<br />Instrument but does not execute the Note: (a) is co.signing this Security Instrument only to mortgage, gf&!1tani!ccon~'
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not penon&11y obli811lecl,tll;PlIf
<br />the sums secured by this Secunty Instrument; and (c) agrees that Lender and any other Borrower mayagrc:eo,to.ext~..
<br />modify, forbear or make any accommodations with regard to the terms aLIbis Security.Instrument.QrJ~e;l\Ii!t,eowitl!!l!l-c,
<br />that Borrower's consent, ' .
<br />12. Loan Charges, Ifthe loan secured by this Security Instrument is subject ,to a law which,
<br />charges, and that law is finally interpreted so that the interest or other loan charges, collected; orc
<br />connection with the loan exceed the permitted limits, then: (a) any such loanchargeshalLhe'~c;d
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collectedfrom.Borr<5
<br />permitted limits will be refunded to Borrower, Lender may choose 10 make thi.srefund:by redulllJl
<br />under the Note or by making a direct payment to Borrower, If a refund reduces p!'inciplU" the<<d~ctf "'", "';,. ,:
<br />partial prepayment without any prepayment charge under the Note, ',', '.' .'< ' C "c';, :",,:c'" .',,;'':'f "'.<"'/"'"
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicablelaws.,'hllSctll,e>elf'llCl:';ofr' '
<br />rendering any provision of the Note or this Security Instrument unenforceable according toi.tster\lls;Mlld~f,~tJ! . , .
<br />may require immediate payment in full of all sums secured by this Security Instl'\lmentanllmaY'il)~o~~I~Y~
<br />permitted by paragraph 19. If Lender exercises this option. Lender shall lakMhe stepsspecifieid,in,ihe~".d:" "...
<br />paragraph 17, ' ' "
<br />14. Notices. Any notice to Borrower provided for in this Security Instrumen.lshall he given. by,;
<br />mailing it by first class mail unless applicable law requires Use ofanothermethod,Thenotice,$h"I'"
<br />Property Address or any other addl'ess Borrower designates by notice to Lender, Any no*"" to.I,.#i~er
<br />first class mail to Lender's addl'ess stated berein or any otheraddrt$S LenderdesignateS,l:!yn!ltiJ:eto'~,n;
<br />provided for in this SecurilY Instrument shall be deemed to have been given 10 Borrower or'Lender W\jen'gi~' '
<br />in this paragraph,
<br />15. Governing Law; Severability. This Security Instrument shall be governed by federal law andtllelllw oCotbe
<br />jurisdiction in which the Properly is located, In the eventtbat any provision or clause. of this SecurilyI"$tru~l!lr!lte
<br />NOle conllicts with applicable law, such contlicl sball not affect other provisions of this SecurityJnst\:Ument ort\je,l\I6te,
<br />which can be given effect without the contlicting provision, To this end the provisions of this Securitylnstrumentai!d't\je
<br />Nore are declared to be severable,
<br />16. &rrower's CoPY', Borrower shall be given one conformed copy of the NOle and of this Security InstrUment,
<br />17, Transfer of tbe Property or a Beneficial Interest in Borrower. If all or any part of the Property or. any.
<br />interest in it is sold or transferred (or if a benelicial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) Without Lender's prior written consent. Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall nol be exercised by Lender if exercise is probibitedby
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration, The notice shall provideapetiod
<br />of no' less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remediespermiued by this Security Instrument without further notice or demand on Borrower,
<br />18. &rrOwer'J Ri&ht to Reinstate, If Borrower meets certain conditions, Borrower shall have Ihe right to 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 reinsta,emenl) before sale of the Property pursuant to any power of sale contained inlhis
<br />Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under this SecuriTY Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this
<br />Security Instrument, including, but not limited to, reasonable attorneys' fees: and (d) takes ",ch action as Lender may
<br />reawnably require tn assure that tbe lien of thIS Seeunty Instrumenl, Lender', nghts lD the Property and Borrower's
<br />Qbhgallon to pa)' the sums secured by thIS Security Instrumem ,hall co"tinue u""hanged, Upo" rdnslatemellt by
<br />BornlWet, thls-,Security lnsuume:nt and th<: obligatious secured hereby ~.hall remam fully effective a~ if no dcceleratIOn had
<br />oc,':Currcd" However. th~ right to rClnsl;ite s.haH 1H"t apply In lha A:-~ o-fa(Cderalwti und-cr paragraph:-- 13 or 1 i
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