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<br />84 - 002923
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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 e!fect until such time as Ihe requirement for the
<br />insurance terminates in accordance with Borrower's a.nd 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 causeror 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 taklllg 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 the sums secured by this Security
<br />Instrument, whether or nO! then due, with any excess paid to Borrower. In the event of a partial taking of tbe Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shan be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of tbe sums secured immediately
<br />before the taking, di'lded by (bl the fatl market value of the Property immediately before the taking, Any balanceshaUbe
<br />paid to Borrower.
<br />If the Property IS abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor o!fers to
<br />make an award or senle a c1atm for damages. Borrower fails to respond to Lender within 30 days after the date ~he notice is
<br />given, Lender IS authonzed to collect and apply the proceeds, at its opnon. either to restoration or repair of the Properly or
<br />to the sums s.ecured by thi~ Secunry Instrument. whether or not then due.
<br />Unless Lender and Borrower otherwise agree Ifi writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments,
<br />10, Borro...er ,""ot Released; Forbearance By Lender ,""ot a Waiver. Extension of the time for payment or
<br />modifical1on of amortizal1on of the sums secured by thts Security Instrument granted by Lender to any successor in
<br />in~erest of Borrower shall nOl operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be requlfed to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or orheTW1Se mod1fy amortizal1on of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's. successors in imeresL Any forbearance by Lender in exercising any right or remedy
<br />,hall not be a waiver of or preclude the exerctse of any nght or remedy.
<br />! 1. Su....~rs and ..t....ss!~.s ~und: Joint aDd ~'enl! Liabi!it)'; Ctrsigners. The CDVe!l-1lnts and agreements of
<br />thIS Security Instrument shall bm-d an... oenefit the successo" and asSIgns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be Jomt and several. Any Borrower who co-sIgns this Security
<br />Instrument but does not execute the Note: (a) IS cO-Slgmng this Seeunty Instrument only 10 mortgage. grant and convey
<br />that Borrower's 'nterest m the Propem' under the terms of thIS Secunty Instrument: (bl IS not personally obligated to pay
<br />the sums s.ecured by thIS Secunty instrument, and (,..) agrees that Lender and any other Borrower may agree to extend.
<br />modIfy, forbear or make any accommodallons w.th regard to the terms of this Secunty Instrument or the Note without
<br />that Borrower's consent.
<br />12. Lou Charges. If the loan ",,"ured by thIS Secunt)' Instrument tS subject to a law whtch sets maximum loan
<br />charges, and that law IS fmall)' mterpreted w that the mterest or other loan charges collected or to be collected in
<br />connection with the loan ex.ceed the permttted hmtts, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge '0 the pell111tted hmit: and (b) an)' sums already collected from Borrower which exceeded
<br />permitted limits w~lI be refunded to Borrower Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by makmg a dtrect payment to Borrower. If a refund reduces principal, the reduclton will be treated as a
<br />partial prepayment wnhout any prepayment charge under the NotC',
<br />13, Leaislat;on AWecting Lender's Riahts, If enactment or exptralton of applicable laws has the effect of
<br />rendering any provis.lon of the Note (If this Secunty Instrument unenforceable accordmg to its terms. Lender. at its option.
<br />may requue immediate payment lfl fuB of aU sums ~-ured by this Secunty lnstrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exerclSes thtS oplton, Lender shall take the steps specified in the sec{)nd paragraph of
<br />paragraph 17
<br />14. Notices, An)- nollee to Borrower pf()V}ded fnr In thIS Security Instrument shall be gi\.en by delivering it or by
<br />mailing It by first class matI unless applicable law requtT<:S use of another method. The no~ice shall be directed to the
<br />Propeny Address or any other address Borrower d<'S'gnates by notice to Lender, Any notice to Lender shall be given by
<br />firsl cla.'iS mail to Lender's address stated herem or any other address Lender designates by notice to Borrower. Any notice
<br />pro,'ided for in thIS Secumy Instrument shall be deemed to have been glven to Borrower o!'Lender when given as provided
<br />m this paragraph,
<br />15. Governina La... Se.er"biiiry. ThIs Secumy inslrument shaH be go.erned by federal law and the law of the
<br />Jurisdiction m which the Property IS located, In the event that any provis,on or clause of this Secuflty Instrument or the
<br />Note condicts wilh applicable law, such conflict .haI1 not affect other prOVtStOllS of this Secunty Instrun,ent or the Note
<br />WhliOh can be glYen elfect wllhout the confltcltng provlSton. To this end the proyisions ofthts Secunty Instrument and the
<br />Note are declared to be se.erable.
<br />16. Borro..-.u's Copy. BofH-'~'t:r :-.haU be: given lInt' l,~onformeu copy of the NOll: and of rhiS Secunty Instrument
<br />17. Traosfer of tbe Property or a Benelieial Interest in Borrower, .f all or any par! of the Property or allY
<br />Interest 1ft n IS sold or transJerred (or If a benetk1aJ mteresl 10 Borrower IS sold or transferred and Borrower IS nOl a natural
<br />)')etrson} wltnout Lender's pnor wntten c-onsent. Lender may. at ItS option. reqUire Immediate paym~nt 10 fuB of all sums
<br />secured by th~ Secunty Inslrument. However, thiS option shall nOl be exerCised by Lender If exerCI3e IS prohibited by
<br />federal law "" of the date of th,s Secuntv Instrument.
<br />If Lender exercISes thIS opuon, i..eooer shaU give Borrower noltee of accelerallOn. The nOllee shall proVIde a penod
<br />of notlCS!> than 30 days from the date the notice IS debvered or mailed wtthm whIch Borrower must pay aU sums secured by
<br />this Security Instrument, If Borrower fails to pay these sum. pnor 10 the e'ptfatJon of th" penod, Lender llIay lDvoke any
<br />r_edi~permjued by tblS Security Io.strument witboUI further notJ<'e or demand on Borrower.
<br />18. Borrower'. Ript to Relll!itllte. If Borrower meets certam cond.ttons, Borrower shall haye the nght to have
<br />enforcement oftb" Secunt} InstIument dll.contmued lit any I1me prim to the carber of: (a) 5 days (or such other penod as
<br />applicable law may .pecify fot reUtstatement) before ....le of the Property pursuant to an}' power of sak <'<ltltamed III thIS
<br />Security InMrUD-l-ent; or .(b) entf}' of a }UdglJ1enl en{OJ"-ctng thas, Secunty In~tf'umenL fhos.e ~ondltions are that Borrow-c,-;
<br />(!OJ p.aysLender all sUm!> whliOh then would be due under IhlS Sccunty Instrumenl "nd the NOle had no "cederalloll
<br />occ-urred; {b} 'uta All)" default of all) Qther covenants or agreements, ic) pays a1l ('x.pcn~ Incurred III enforcmg th)~
<br />$lccu_rity In.s.tnunent, includm.g, hut nOl htmt-ed t-o. reaM)nab-le aUiJn\eY~' fee&; and td) take. ~ut..:h aeUon as LeJIOer may
<br />r~bly n::quu-e In aSS-UtI: that the: hen of thl-'\ SecurllY In.strument. I...<::nder"\ nghts. III rhe Properly ~Hld Horn.lwc.r'S
<br />obkptt<m to p*y t-ht ~uJtu M$ur<<1 by thiS Securil_Y Instrument ,hail colHmtH; un;,;;han8~d l.:P{-'f! r-l,,'Hlslat~m:(mt hy
<br />Jk);row-t.'f, inu.- S<<;urn~ luslf:l,ilItetlt ".nil the i)ohga\jO-1U 1'.-~-.urtd h-ef(b}' s.haH f'emam fuHy ctfC\.'tl\'c ~l" If n() <H.y('krutH__~1'l had
<br />,~(url'e-d. H{oW~\!i;f, ~lu.~ nght t<~ re1n~tate- \haH not aPI)}) m the t.a~ (,( a.;,:{;(:t{~raIHm ~wJe-t' P~~';',~raph, 1 ;: {)f 1"
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