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Home My WebLink About0995 ~ ~ . . . fl Lender roquked mort~sge Insurance aa a conc~itlor? of mskk?g the loan secured by thls Seouiity Inatrumont, Bo~ower shaN pay the pre~ miuma reqeiked to mehtaM~ the hsuranos in efted untY such ttme aa the ~equirernenl tor the insurance te~rninates in accadence with 8oirow- er's and le~der's written a~een~i or ~ppNcebls Iew. 8. 111s~ieCt1011. lender or Rs aQent may ~s;ta reasonable enUlea upon and k?spectlons ol the PropeRy. lender ahaN glve BaROwer noUce at the tims of or pr{or to an hapection spec.ityk~9 reaaonabb cause tor the inspection. 9. COndemnetlon. The pro~eds of any ~nreM or c~elm tor dernagea, diroct or conaequenNsl, h oonnec~lon with any oondenmaUon or othe~ taldn~ of eny part of tha Property, or tor convsyanoe In leu of condemnalion, are hereby easlqned end ahaN be peld to Lender. In tha event oi s total Wdny at the Prope~ty. the prooeecis ahal be appMed to the suma secured by thb 3eauity InstrumeM, whether or not then due, wMh eny exc;ess peld to Barower. In the event of a parttsl tekin~ of the Property, unbsa Borrower and lender othe~w{ae ayree in w~idng, !he sums sscured by thia Secuiity Inatrument ahar be roduced by the ~rt~ount of 1he prooeeds muWp~ed by the toNowin~ hsctlon: (a) the total emou~t of the aums secured km~edlatey belore the Wdny, divided by (b) the fair merket veJua of the PropeKy imrnedlntely betwe , the taking. My bele~noe ahal be paid to Batower. It ihe Property la ebandoned by sorrower, or N, aRer notice by Lender to Borrower that the condenmor o8ero to make an award or aetUe a deim tor da~r?agea, Borrower 1aNa to respond to Lender wilhh 90 daya after the date the noUc~e la ylven, Lender Ia nuthortzed to coNect and apply proceeds, et Ra optbn, either to restoratlon or repalr ot the Pro~r~r or to tha aums ascured by ihis Secu~ity In~trument, whether or not then due. Unleas Lender and Borrower otherwise egree in writing, any eppYcatbn of proceeds to pdncEpal ahaN not extend w postpone the due date of ihe monthy payments reteRed to h paragraphs t and 2 or change the anwunt of auch peyrr~ts. 10. Borrower Not Released; Forbearance By Lender Not A Waiver. Extenalon ot the time tor payment or mod~flc~tbn ot amortizatbn ot the suma secured by thla Securiiy instrument granted by Lender to any sucxeasor in interest of BoROwer shaN not operate to release the ieb~iiy of the ortginai Borrower or Borrower's aucoeaaors in interest. Lender shaR not be required to carxnence procee~8ngs against any successor in interest or refuse to extend tlme tor payment or otherrvtae moddy amortPrelion of the aums secured by this Securiy Instrument by resaon oi any de~r~end made by the o~iptnal Borrovrer or Bortower's succeasora in intereat. My t~~rance by Lender in exer- cising any dght or remedy shaN not be a weNer of or predude the exerdse ot any ri~ht or remedy. 11. Succsssors and Assigns Bound; Joint and Saveral LlabilHy; Co-signere. The oovenanta and agreements oi this Secusity Instrument ahall bind and bene4it the suoceaaors and asaigns of Lender and Barower, subJed to the provisio~s ot paragraph 17. Borrower's ooveneu~ta and egreernents shaN be JoMt and aeverol. My Bortower who co-signa thia Securily Insfrument but does not eocecute the Note: (a) b. oo-signing thta Security Inatrument ony to mortgnge, gent and oonvey that Borrowef'a intereat in the Properiy under the terms of this Security Inatrument; (b) la not peraonaly obigated to pay Me auma secured by thia Secxidty Instrument; and (c) agrees that Lender end eny other BoROwer may agree to extend, modily, Torbear or make any acoonxrwdationa with regard to the terms of this Security Instrument or the Note without that Borrower'a consent. 12. Loan Charges. If the loan secured by this Security Instrument is subjed to a law whkh sets ma~3rrwm ban chargas, end ihat law is MaNy interpreted so lhat the interest or other loan chargea colected or to be coMected in connection with the ban exceed the pe~mitted I~nita, then: (sj any such loan char~e shal be reduced by the amount necesaary to reduce the charge to the pertrdtted imit; and (b) any sums alreedY coNected trom Borrower whbh exceeded permitted ~rrdta wNl be retunded to Borrower. Le~der may choose to mnke lhts re(und by re- dudng 1he prhhcipal owed under the Note or by making a drcect payment to Borrowcx. If a retund reduces p~k?dpsl, the recwctbn w~ be tre~ted as e partial prepeyrr~ent without any prepayment charge under the Mote. 13. Liglsl8tton Affecting Lender's Rights. H ena~t or expkatlon o1 appNcabte Iaws haa the e4tect ot rendethg eny provi- : sion of the Note or this Securily Inatrumer?t unentoroeable aocorc~ng to Ra terms, Lender, at its opUon, mey require irnrt~edieite payrnent in tu1 ot aA sums secured by this Security Inatrument and may invoke any remedies permitted by paregraph 19. N Lender exerdses thfs option, Lender sha9 iske the stepa apecitled in the aecond paragraph of paragraph j7. 14. NOtiC68. Any noUce to Borrower provided tor in this Security Instrument shal be given by de5vering it or by msi~ng R by frst dass - mai unless app~Cable law requfres use of another me4hod. The notice sha! be direded to the Property Address or any other address Borrower designates by notke to Lender. My notke to Lender ahal! be given by tf~at dass mail to Lender's addreas stnted herein w any other address Lender designatea by netlce to Borrower. My noUce provided tor in this Securiry Instrumeot shaall be deemed to have been given to Bortower or Le~der whe~ given as provlde~ b thfs para~aPh. 15. Governing Law; Sevefability. This Securiry Inswment shaN be govemed by federai law and the law ot the Juris~dbn in ~ which the Property is loc~ted. In the event that any provision or dauae of this Security Instrument or the Note conlGcts wkh ihe app~cabie law, ~ such conflid shal not a8ect other provisbns of thts Secwiy Instrument or the Note which can be given effed without the cor~tBcdng prmrision. ~ To this end the provislons oi this Secwwrity Instrumeot and the Note are dedared to be severable. ~ 16. Borrower's Copy. Borrower sha~ be given one coniormed copy ot the Note and ot tF~is Security tnstrument. 17. Transfer of the Property or a Beneficial intereat in Borrower. If aN or any part of the Property or any interest in R fs sofd or transferred (or ii a beneftctal htereat ~i Borrower is sold or transferred and Borrower is not a naturai person) without Lenders prior written consent, le~der may, at Rs opUon, require knmedate payment in fuM of ad sums seaired by this Secwity Instrument. However, this optiorg ahaR not be exerdsed by Lender ft exerdse is prohH~fted by tederal law as of the date of thls Security Instrument. If Lender exerdses this option, Lender sheA give Borrower noUce ot accelereitbn. The notk:e sha~ provWe a pe~iod of not less than 30 days from the date the notke b d~vered or mailed withk? wh~h Borrower must {sey ap sums aecured by this Securily InsUument. if Borrow~ 1a~s to pay theae sums prbr to the expkaUon of this period, Lender may hvoke any rert~cdies pear~itted by this Security Instrument without turther notks or demand on Borrow~. 18. Borrowe~'s Rigfit to Reinstate. H Borrower meets cenain conddians. Borrower ahal have the right to have entwcement of this Seaufty Instrument ~scontinued at any tkne prior to the ear~ier of: (a) 5 deys (or such other p¢riod as app~iCable law may apecify tor ~ retnstatement) before sele of the Property pursuant to any power of sale contained in thts Securiry Instrument; or (b) entry of •a fi~dgment en- torcing this Sec,~uity lnsWment. Those concGtions are that Borrower. (e) pays Lend~ a1 sums whkh then would be due under this Security insVument and the Note had no acceleration occuRed; (b) curea any detauft ot any other covenants or agreemenis; (c) pays aM expenses incurred h en(ordng this Security I~airumertt, indud'ng, but ~ot Amited to, reasonable attomeys' tees; and takes such acdon as Lender may reasonaWy require to easure that the Nen oi this Security Instrument, Lender's rlghts in the PropeRy and Borrower's ob6gatan to pey ~ the suma secured by this Securiry Matume~t ahaN contfnue unchanged. Upon re&~stetement by Borrowar, thia Sec:uriry Instrument and the ob6gatbna secured hereby shall remein iuAy effecWe aa H no aa:eleretlon had occuRed. However, this rtght to reinstete shaN not apply h the case ot eccx~aUon under paragraphs 13 or 17. ~ ! ~ 4 F Paqe 3 of 4 i: ~ U16532.CT1 (09/86) 24195 nR 9g3 - aooK 562 Pd6E