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<br />84'-"
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<br />0035~~6
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<br />If l<nder r<qUlred mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />no""" <r shall pay the premiums required 10 maintain the insurance in effect until such time as the requirement for the
<br />In\ur~rll:f.' 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 />')h31! gl \ f.' Borrower notice at1he 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 />an: ..:ondemnation or other taking of any part of the Propeny, or for conveyance in lieu of condemnation, are her'eby
<br />as;!,ned and shall be paid to Lender.
<br />In the event of a IOta I taking of the Property, the proceeds shall b< applied to the sums secured by this Security
<br />Ins"umen!. whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unb, norrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />,h< amount of the proceeds multiplied by the following fraction: (a) the total amount of thesums secured immediately
<br />,,<fore ,he takmg, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />raId tll Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by lender to Borrower that the condemnor offers to
<br />ma,< an award or settle a claim for damages, Borrower fails 10 respond to Lender within 30 days after the date the notice is
<br />gll en. lender is authorized to collect and apply the proceeds, at its option, either 10 restoration or repair of the Propeqy or
<br />'0 the ,urn, secured by this Security Instrument, whether or not then due.
<br />L: nless lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extendor
<br />postpone the due date of the monthly payments referred 10 in paragraphs I and 2 or change the amount of such. payments;
<br />10, Borrower ~ot Released; Forbearance By Lender Not a Waiver, Extension of the time for payment 'or
<br />nlrnj;ficatJon of amortization of the sums secured by this Security Instrument granted by Lender toany .succ~ssor in
<br />l!lIcrc....I of Borrower shall not operate to release the liability of the original Borrower or Borrower's succ~sors in:interest,~:,
<br />Lender ...hall not be required to commence proceedings against any successor in interest or refuse to extend::time Jor'
<br />ra~ mc-11l \ lr otherwise modify amortization of the sums secure( , this Security Instrument bYTcason of any deinand:made
<br />b~ [he ungmal Borrower or Borrower's successors in inter;.'. AllY forbearance by Lender in exercising,~ny-right or\remedy-
<br /><,ktli nOI be:i \\JJ\'er of or preclude the exercise of any right vf remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers, The covenants "ndagreementsof
<br />Ill!) SecurIl y Instrument shall bind .:-.!ld benefit the successors and assigns of Lender and-Borrower, subjecttQ the proy-isions
<br />\.1f p~ifagraph 17. Borrower's CQvenams and agreements shall be joint and several. Any Borrower who co:"signsJhis-Sec~ri.ty
<br />In,,\rumcni but does not execute the Note; (a) is co-signing this Security Instrument only to mort-gage..-grant and.,con\:'ey
<br />that Botf\)wers Interest in the Property under the terms oflhis Security Instrument; (b) is not personallyobligated;to.pay
<br />,he sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend;
<br />moo I f;.- . forbear or make any accommodations with regard to the terms of this Security Instrument or ,the NOle-:without
<br />that Borro\l,er's consent.
<br />12. loan Charges, If the loan secured by this Security Instrument is subject to alaw which sets maximum loan
<br />charges. and that Jaw is finally interpreted so thaI lhe inlerest or other Joan charges collected or to becolJ~ctedjn
<br />conne,':Jon with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />nece.~.,ar: !O reduce the charge to the permitted limit; and (b) any sums already collected from_Borrower which:ex.ceeded-,
<br />pcrnlltted I:mm will be refunde<:i to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under I he S{lte or by making a direct payment to Borrower. If a refund reducl:s principal, the reduction wiIJ-be tre-ated ;as- a
<br />r::irll~l prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights, If enactment or expiration of applicable laws has the effect of
<br />j(ilJ'...'f1ilg ~ilY pio....ision of the Note- or thi:') Security liblfulllcn[ uncnforceabie according io its terms, ~ender-; at iiS:Opdoo-,
<br />m:J~ require 1I1lmediate payment in full of all sums secured by this Security Instrument and- may invoke_ any remedies_
<br />I",r 11 '" red b; paragraph 19. If lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />r:1raf-r;",ph 17
<br />14. 'otices. Any notice: to Borrower provided for in this Securily Instrument-shall be givenby ,delivering it.or py
<br />rlladlllg It by first class mail unl~s applicable law requires use of another method. The nOliCe, shaH be dir'ecteQ:to ~he
<br />Ptl1p<n\ Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />lir~t cbs,:- mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.. AnY: notice
<br />pr()\ hied for in this Security Instrument shall be deemed to have he~n ~i"'en to Borrower or Lt~nder wh~n- ~lve-n as orovided
<br />!I1 d1!'i- paragraph ~ - .
<br />IS, Governing Law; Severability', ThiS Security Instrument shall be governed by federal law and the law of the
<br />Jun",dh..tlon in which the Property is located. In th~ event that any provision or clause of this Security Instrument or thr
<br />'i,..1tt.' "'-l)nt1~cts with applicable law, such conflict shall not affect other provisions of this Security Instrument,or the Note
<br />\l, llh.:h ":<ill be gi\.cn effect without the conflicting proviSIOn, To this end the provisions of this Security Instrument and [he
<br />,"",Oit': Jf.: J.:dared to be severable.
<br />16. Borrower's COP)', Borrower shall be given one conformed copy of '(he Note and of thiS, Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower, If all or any part of the Propaty or any
<br />lnl<ft'",! II1Il l~ s.old or uansferred (or if a beneficial interl~t in Borrower is sold or transferred and Borrower is not a natural
<br />rer:-.on) without Lender's prior written consent, Lender may. at its option, require immediate payment in full of all sum:>
<br />,:>C'\':ur~d by this Security JnstrumenL However, this option shall not be exercised by Lend~r if exercise is prohibited b)
<br />fcut'fallaw aSc of the date of this Security lnstrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of aJ..:celeration. The notice shall provide J period
<br />\')f no! k~s \ han 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums s~cured by
<br />[~Il" SccurllY Instrument. If Borrower fails to pay these sums prior to Ihe expiration of this period, Lenut"f may invoke- an)
<br />:t'IlH:Jl!:'> pamittcd by this Securny Instrument without further notice:: or demand on Borrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain Ct)f).dIlions, Borrower shall ha\l': the nght 10 have
<br />C'nfp[u:rnt:lll of IhlS Security Instrument dis.cominued at any tlmt: prior [Q the earlier of: (a) 5 days (or ~uc-h IJtha peri\)d a...
<br />ia\l. ma) specify for reinstatement) before s.alt: of tht: Properly purWaH( :0 UllY pl)Wer of sale l.:ontaJJl~d in this
<br />ln~trunlt'"nt; or (b) entry Df.a judgment t:"lIforclilg thIS Security JO),lruH1L'ill. Thos.e \.:(}ndlllI..Hl~ are lhat B0rrm\t:r:
<br />(,II p,j:~ Lcndn .ill ~ums which then \ltould Ix due under thIS Sc\.:urity In~trumcnt and tht: NOl!; haJ ou :.h.:(:ck'rati,'lf)
<br />,),~ 'in,:\.!. ([IF ,:i,JfCS M.l)' defaull of an)' other \.:o\-cnants or ;jgrecment~l, (;.:) pays ;..Ill c>'pt'tisc... l!i(urrt.'d i1\ ('nfof":illg. thb
<br />'),\:~ [rJ"lflJmcnt, 11H:l-lldmg. bu! not hlllltcd to, rea~onablc ath}rnC)': fee}: and (d) t~IJ...t.'" :>ul..'h ;h.lil1H ;l. I t:lld\.'l
<br />",lh::- rr:qUJre tt'l a).sure lhat the bt'll pf tlm. SC-':Uf!t)- fn~tfumClll, Lcmk-r'\ nghh HI :he P['\)pt.:fl) :wJ
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<br />"- ':~l:-! :;;1 Il,-",\AC'\~r. thl, right to rClll';.!Jle; .,hall no! appi:, it1 the '~;l\t: ~)i <.!(,-i.'kr;n;l)!1 uH'.k-r j'Jr:ig1 ,Iph\ ;1,'1 17
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