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<br />84 - 005933
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<br />if .Lender required mortgage insurance as a condition of making the ioan secuted by ihis Security-. Instrdiiieilt,
<br />Borrower shall pay the premiums required to maintain the insurance in e\feet 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 tbe Property, Lender
<br />shall give Borrower notice at the lime of or prior to an inspection specifying reasonable caus", for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, dir~tor ccnscquential, it) QO;!~~wWt
<br />Clny condemnation Oi' other taking of any part of the Property, or for conveyance in ,lieu of c-Ond~tion;- are- Jt~~y
<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 Secllrity
<br />Instrument. whether or not then due, with any excess paid to Borrower, In the event of a partial takingilI'thePi"oJllirty,
<br />~m~ Berrewer and Lender otherw~se :tg-ree jn wntieg~ the sums secure!! by this ~urir-y'Ifis'i'fument $~Sn ~-_~~~~:,~~'"
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums securedimllUidwely
<br />before the laking, divided by (bJ Ihe fair market value of the Property immediately before the takini, Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by BorTOwer, or if, after notice by Lender to Borrower that tliecondemnor~to
<br />make an award or settle a claim for damages, Borrower fails to respond 10 Lender ,,'ithin 30 days after the date the notice is.
<br />given, Lender is authorized 10 collecr and apply rhe proceeds. at its option. either to restoration orrepairof rhe Prop"d1:yor.
<br />to the sums secured bv ihi5 SceunH' instrument. whether or not then due.
<br />Unless Lende; and Borrow~ otherwise agree in writing, anvcpplication of proceeds to principal shall notcxten;:lQi'
<br />postpone Ihe due date of Ihe monthly payments referred to in P<11'<'1,''''+ ~s I and 2 or clWtge the amountofsitchpayn:te!'W'
<br />10. Borrower Not Rellltied; foTbeenmee By ~l . \,'4 a \ll'iv",", btten$ionof the time for PlIymei!tor.
<br />modificat]on of .amortiz.a~ivn of the sums 5!:-i;Ui"._;o by thlY -~- "'{ufity Ihstru:tncnt granted by Lender to any_--~jn-~-
<br />interest of Borrower shall not operare to release the liability of the original Borrower or Borrower's successors inin~
<br />Lender shall not be required to commence proceedings against any succes.<;or in interest or refuR to elltendtitnef<ir
<br />paymenl or otherwise modify amortization of the sums secured by this Security Instrument by reasonofanyden'tal1dmade
<br />by the original Borrower or Borrower's successors in interest, Any forbearance by Lender in exeTl;ising any right .orremedy
<br />shall not be a waiver of or preclude rhe exercise of any right or remedy, '
<br />11. Sueeet:sors and Assips Bound; Joint and Several Liability; Co-signers, rne covenants and agreements of
<br />this SecUTlly Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenanls ahd agreements shall be Joint and several, Any Borrower who co-signsthis Security
<br />Instrument but does not execute the Note: i a) is co-signing this Security Instrument only to mortgage, grant and convey
<br />thaI Borrower', interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by this SecurilY lnstrumeni; and ic) agrees that Lender and any other Borrower may agree Io extend.
<br />modify, forbear or make any accommodations wnh regard to the terms of this Security Instromenl or Ihe Note without
<br />that Borrower's consenl.
<br />12. I...wuI Charaes. If the loon seclJred by !hi! Security !n~trvm~m1 is Subject io a iaw which sets: .maximum-lOan
<br />charges, and that law is finally IIlterpreted so lhat the interest or other loan charges collected or to be collected in
<br />conneCIion with the loan exceed the pernllllt'd limits. Ihen: (a) any such loan charge shall be reduced bYUle amount
<br />necessary 10 redu<< the cbarge 10 the pemulIed limn; and (b) any sums already collected from Borrower which ell~ed
<br />permitted limits will be refunded to Borrower, Lender may choose to make this refund by reducing the principai owed
<br />under th~ Note or by mllking a direct payment to Borrower. if a refund reduces prifl'-.;ipa!. the -reduction wHl be- treated- as.a
<br />partial prepaymelll without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights, If enactment or e.xpiralion of applicable laws has the elfect of
<br />rendering any proviS1on of the Note or thil'.> Security Instrument. unenforceable according to its tenus. Lender, at Its- option.
<br />may reqUIre immediate payment III full of all sums secured by this Security Instrument and may invoke any remedi;:s
<br />pennitted by pai'llgfaph 19 if Lender exercises this option. Lender shall take the steps specified in the secand paragraph of
<br />paragraph 11.
<br />14, Notice$. Any nOlice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing II by' fiN class mail unl"", apphc'llble law requires use of another method, The notice shall be directed to tbe
<br />I'rope;1y .....ctdf""~ (,r any other address Borrower designates by notice to Let1der, Any notice to Lender shall be given by
<br />fi"t class mail to Lender's address stated herein or any OIher address Lender designates by notice to Borrower, Any notice
<br />provided for in this Secunly Instrument shall be deemed to have been given to Borrower or Lender when given as provided.
<br />in this paragraph.
<br />15, Governiall Law; Severability. This Security Instrument shall be governed by federal/aw and the law of the
<br />jui1:sdKtivii ifi whi;.;:h iht' rrvpnlY i5. located, in the event that any prOVISion or clause of thIS Security Instrument or the
<br />Note conflicts ,,'ith applicable law, such conflict shall not affect other provisions of this Security Instrument or the NOle
<br />whICh can be given effect without the conflicring provision, To Ihis end the provisions of this Security Instrument and the
<br />Note are declared to be severable,
<br />16, 8l:>rro...er's Copy. Borrower shall be given one conformed copy of the Note lInd of this Security Instrument.
<br />17. Tl'liiiSfer of tbe Property or a Beneficial Interest in Borrower, If all or any part of the Property or any
<br />mtere.tl1111 is sold or transferred (or if a beneficial mt"rest in Borrower is sold or transferred and Borrower is not a natural
<br />peNOn) ....itbout Lender', pnor ....rillen consent. Lender may, al its oplion, require immediate payment in full of all sums
<br />~urtd by thiS Security InstrumenL However. thi-i) option shaH not be exercised by Lender if exercise is prohibited by
<br />fed<:rallllw a. of the date of this Securitv Instrumelll.
<br />If L~ tlefcises th2;i option. terRier $.haU give BOffower funlce of acceieration. The nOlice shall provide a period
<br />vfnut Ies,~ tliaa 30 days fmm the dare the notice isdelivercd or mailed within which Borrower must pay all SUt,S secured l>y
<br />th.s Secunty Instrument If BorTOwer fails to pay these ,ums I'TlOr to the expiralion of this period, Lender may invoke any
<br />remedies pet'mllted by thiS Secunly Imtrument without further nOllee or demand on Borrower
<br />18. Borrower's Right to ReiAstak. If Borrower meer, certain condrtlons, Borrower shall have the n~ht to have
<br />enf~"emefll of tillS $a,'UrIly Instrument di_mhnued at any trme prior to the ear her of: (a) 5 days (or such olher penod as
<br />llpf>l_ble ill", may .pe':ify' for remstalement) befo", ""It of the PropeflY pUf>uant to any power or sale <,ofltarn~-d rn thi"
<br />Secunty InUfUlne!lt; or (hi entry' of a Joogmelll enf01"cmg tIll' Security Instrument. Those <"ndtuoll' are that !lormwcr'
<br />tal pays Lend<< all s1Ims whK:h then "'<luld be due under thi, SecUflt)" In.Hument and tbe Note had no accekrallOn
<br />ocCllf'l1ill, (ll) cure.> any default of any other CQVeJUIDIs Or agreements; (c) pays all npen= incurred in enrOrCing Ih"
<br />Sa.'IIrity hwrummt, indudlna. bu. not limned to, reawnable attorneys' fees; and fdl takes ,uch acllO" a, Lender Il,"Y
<br />~y t~ll11e tn ......ure tNll the hen nf thiS !W""umy IlIMIt""""t, Lender'; ng.hl> '" rhe l'ropeny and Hnrw,,'cr',
<br />~11(j!n It' pay the 'lift!> _'liTod by tlm Se~'\mIY instrument ,hall continue "nchanged Up'''\ rCll"tatClll"f11 by
<br />Ur.ilrfi}"Vrcf, thiS. ~~'Uflt) I,n\t"ru.~tnlt .!-IluJ the: (;;.bhI3lit:.m, ~ured hett'-O)' ~h.aH ft'main fully efl"'&:-lj'd,. a~ ~fno ;l':l.-"ckrath"l h~ld
<br />J;~"uff-td Ho...e%M', tht, fll,ht to reitt1ta-tt ",hatl not #.ltpi)' m t h-t: ("a-~ of i!t''t:dCf1:J-t tnn u ndcr p,ua~raph\. 11: or I. -:
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