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<br /> � If l.c nder requsrc�cl morlgage insur�nce aa � eondi�ion of making the luan seeured by this Seeurity lnstrument.
<br /> Borrow�cr shall pay the premiums rcquired to mAintAin tlne insurance in effect unti)such time us the requirement f�r the
<br /> :z:.:raii�e�zi���in�ir,;n acrnrdance u�th Fiorrower'sand Lender's written agreement or applicable law.
<br /> � 8. Inspection. Lender or its agent may mul:c reasanable entries upon and inspections of thc Property. Lender �
<br /> shull give 8orroK•er natice at the time of or prior to an inspection slnecifying reasonable cause for the inspection.
<br /> 9. Condemnation. The proceeds of uny award or claim for damages,direet or consequential,in connection with
<br /> = any rondemnation or other taking oP uny part of the Praperty, or for canveyance in lieu of condemnation, are hereby
<br /> assignc�i pnd shall be paid to Lender.
<br /> ln thr event of a total taking af the Praperty, the praceeds shall be applied to the sums secured by this Security
<br /> I�strument,whether or not then due.with any excess paid to Borrower. In the evcnt of a pariial taking of the Property�
<br /> unless Borrower and Lender otherwise agree in writing,the sums secured by this Security lnstcument shall be reduced by
<br /> the umaunt of ihe proceeds multiplied by the following fraction: (a) the total amount of the sums secureai immediatei}
<br /> � � befare the taking,clivided by(b)the fair market value of the Property immediately before the taking.Any balance shall be
<br /> paid to Borrower.
<br /> � If the Property is abandoned by Bonower,or if,after notice by Lender ta Barrower that the condemnor ofFers to
<br /> ; make an award or settle a claim for damag�s,Borrower fails to r�spond ta Lender within 30 days after the date the notice is
<br /> i given,Lender is authorized to collect and apply the proce�ds,at its�ption,either to restoration or repair of the Property or
<br /> to the sums secured by this Security lnstrument,whether or not then due.
<br /> � Unless Lender and$orrower otherwise agree in writing,any application of proceeds to principal shall not eatend or
<br /> postpone the due date of the monthly payments referred to in patagraphs 1 and 2 or change the amount of such payments.
<br /> , l0. Borro�rer Not Released; Forbearance By Lender Not a Wairer. Extension of the time for payment or
<br /> modiflcation of amortization of the sums secured by this Security Instrvment granted by Lender ta any successor in
<br /> interest oF Borrower chall nnt�j±er�te to release the liabiliiy of ihe origiiiai Burrowrr or Borrower`s successors in interest.
<br /> , Lender shall not be reyuired to commence proceedings against any successor in interest or refuse to extend time for
<br /> ; payment or otherwiso modify amortization of the sums secured by this Secarity Instrument by reason of any demand made
<br /> by the oriRinal Horrower or Borraw er s successors in interesi.Any fc�rbessar.ce by L,end�r in ezcr�ising auy right or remedy
<br /> ' shall not be a waiver of or preclude the eaercise of any right or remedy.
<br /> ll. Succeasors and Assigns Bound;Joint stnd Sever�l I.iabllity;Co•signers. The co�enants and agreements af
<br /> � this Security Instrument shal!bind and benefit the successors and assigns of Ixnder and Bonower,subject to the provisions
<br /> . of paragraph 17.Bonower's covenants and agteements shall 6e,joini and several.Any Borrower who co-signs this Security "
<br /> Instrument but daes not execute the Note:(a)is co-signing this Security Instrument only to mongage,grant and convey �
<br /> _ t}tst Bnrrnwrr'�z�rPr��i;;;h�n;a�i�;lu��t;c ie.�;�s oi inis�ecurity instrument;(b)is not penanally obligated to pay �. :
<br /> the sums secured by this Secarity lnstrument;and(c)agrees that I.ender and any other Borrower may agree to eatend, �
<br /> modify, forbear or make any accommodations with regard to the eerms of this Security Instrument or the Note without
<br /> • that Borrower's consent. ;'.
<br /> ' lZ• Loan Charges. If the loan secured by this Security l4strument is subject to a 1aw which sets maximum loan -
<br /> � charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br /> . connection with the loan exceed the permitted limits, then:(a)any such loan charge shall be reduced by the amount
<br /> necessary to reduce the charge to the permitted limit;and(b)any sums already collected fr,om Bonower whieh exceeded !
<br /> , permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br /> � under the Note or by making a direct payment to Borrower. If a refund reduces principal,the reduction will be treated as a
<br /> partial prepayment without any prepayment charge under the Note.
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<br /> 13. Legislation Affecting Lender's Rlghts. If enactment or expiration of applicable laws has the effect of -
<br /> � rendering any provision of the Note or this Security Instrument unenforceable according to its terms.Lender,at its option, F"
<br /> . may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies '�`
<br /> � - permitted by paragraph 19.If Lender exercises this option,Lender shall take the steps specified in the second paragraph of �
<br /> � paragraph 17.
<br /> ' l4. Notiees. Any notice to Borrower provided for in this Security Instrument shall be giren by delivenng it or by i:�
<br /> � mailing it by first class mail anless applicablc law requires use of another method. The notice shall be directed to the ° "j
<br /> Property Address or any oiher address Borrower designates by notice to Lender. Any notice to I.ender shall be given by '
<br /> first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower_Any notice
<br /> � provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br /> � in this patagraph.
<br /> ' 15. Governing Law;Severability. This Security Instrurnent shall be governed by federallaw and the law of the
<br /> # jurisdiction in which the Property is located. ln the event that any rrovision or clause of this Security Instrnment or the
<br /> Nate conflicts with ap�,licable law.�nch conflsct shal�not at€ect othcr prvvisions of this 5ecurity Instrument or the Note
<br /> . which can be given effect without the conflicting provision.To this end the provisions of this Security Instrujnent and the
<br /> . Note are declared to be severable.
<br /> 16. Borro�er's Copy. Aorrower shali be givei�one conformed copy of the Note and of this Security In�trument.
<br /> 17. Transfer of the 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 beneficial interest in Borrower is sold or transferred and Aorrower iti not a natural
<br /> person)without Lender's prior written consent,Lcnder rnay,at its option,require immediate paymcnt in fl�ll of all sums
<br /> secured by this Security Instrumrnt. However, this option shall not be exercised by l.ender if rrercitie i� rrohihhed hy
<br /> federal law•as of the datc of'this Security lnstrument. .-_ _--
<br /> lf Lender exercises this option,Lender shal)give Borrc�w•er noticr oPaccelcration. The notice shall provide a per►od
<br /> of not less th3u 30 days Gom the date the notice is delivered or mailed within which 8orrower mu;t pay all sums secured by
<br /> thiti Security Instrument. Ii'$orrow•er fails to pay thc�e sums ptior to the expiration of Ihis perind. Lender may invc�ke any
<br /> remedieti�sermitted b�•this 5erurity Instrument without further notice or cicmand on Borro�ver. ?
<br /> 18.Borrower's RIRht to ReinstatC. lf Borrower meets certain conditions. Nortotver�hall h�.r the right t��ha�•e
<br /> enforcemrnt of this Security Inwtrurnent discemtinued at an�•time priar to the enrlier cff�(a)5�;,y�<<,r�„�t����i,��n��,�,�i,�ti �1
<br /> apphrable law may s���fy f�ir reinstatement)hefvte�ale�f thr Property �urwant t�i,uiy puw�c� „f.a�r cc,ntaincei in thi� �
<br /> Sccur�t} intitrumcnr, t�r(h)cntry c�f a judgmcnt c��forcuig th�ti Secur�t}• Intitrumrnt �Ch�+�c rc,nclitit,n� arc• that H�,rrn�c•r
<br /> (a) p�►y'ti Lcndcr ull wmti whi�}� t}�cn �t•iiiPil hr �iuc ►�ndcr thi� Se�urity lm,trunicnt anci thc ti�,ti li:�d n�� :acccicr,�ni+i� , `
<br /> nccurred. fb) curcti ��ny dcfault i�f any ��ihcr �•„�c•n�am� nr a recmcnt�. (r1 �
<br /> � t� �ay� all r1�c•n,r. in.urrr�i �n cntc�i.ini thi. . a�,�'�
<br /> �ec�rUg lmtrutttent. :ti:l��din�:, l,ut n��t hnnteci t��, rcau�nahlen(torne��' fcr� :�nd (efi t.�l.ct �u�h ;i,tinn .�. i cnitri �ti.n
<br /> �_6 rc.����n�hly rcyinrc t„ :ititiutc th;�I tiin c�t� „1 ttnti Serutitti In�trumrn�. I rndc•r'. ri�'Il�ti �n tli,� 1'����,rrt� .ni,1 lS,�n..�<< � . �".
<br /> --_' ��hl���.i!i•,n ta� i,:t} Ihc �uni. ��..urccl hti tht� tie�un{s I�i�ttumrs�l �l���U .nr�li��u� ijn.i�.�iyc•J t ��„i• i�n�.t.,tc��i�n� �•� ., ..
<br /> � , �{•�(r��µCf.tlll�ti(.11tlf� �htiliSlll�t�11I,�Ut���IC•�F��{�'nit��tl�<ty-tltc'�{�Il tf��6 ��1dI��rin_Ilil lil��ti .�l�i�ti���.:,d •� � i, .cit Ll!���ii �i.i.l
<br /> �� �.�ttr,1 F���ui�,�i_�F.i��iffhl I��rcni�t.�lc�li.ill����1.�),�,I: n�thi �.i.• ,•t .u.� I�i �tn,�i iin,t• � 1•��.�.•r c;�f:.. � . .;� � •
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