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<br /> ' � lP Lender required mortgage insurance as a condition of making the loan secured by this Security lnstrument,
<br /> _ _ Borrower shall pay thr premii�ms required to m�iotain the incl�ranc�in�tfect unti!such time as tht requircment for the
<br /> insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br /> 8. Iaspecdon. Lender or its agent may msike teasonable entries upon and inspoctions of the Property. Lender
<br /> shall give Borrower notice at the time of or prior to an inspection specifjring reasonable cause for the inspection.
<br /> 9. Coadeusaatfon. The proceeds of any award or claim for damages.direct or cansequential,in connection with
<br /> any condemnation or other taking of any part of the Property. or for conveyance in lieu of condemnation,are hereby
<br /> assigned and shall be paid to Lender. ,
<br /> ln the event of s►tot�l taking of the Property,the proceeds shall be applied to the sums secured by this Security
<br /> Instrument,whether or not then due,with any eac,ess paid to Borrower. ln th=event of a partiAl taking of the Property,
<br /> unless Bonower and Lender otherwise agrce in writing,tha sums secured by this Security Instrament shell be reduced by
<br /> the amount of t1�e proceeds multiplied by the folloaing fraciion:(a)the total amount of the sums secured immediately
<br /> before the uking,divided by(b)the fair muket value of the Propmrty immediately before the taking.Any balance shall be
<br /> paid to Borrower.
<br /> It the Property is abandoned by Borrower,or if,sfter notice by Lender ta Borrower that the condemnor offers to
<br /> make an awud c+r settle a claim for damages,Horrower fails ta respond to Lender within 30 days after the datc the notice is
<br /> given,Lender is authorized to collect and apply the proceeds,at its option,e�ther to restoration or repair of the Property or
<br /> to the sums secured by this Security Instrument,whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing.any application of�roceeds to principal shall not eatend or
<br /> postpone the due date of the monthly paymenu refened to in paragraphs 1 and 2 or change tht amount of such payments.
<br /> 10. Horrower Not Releated; Forbearance By Lender Not a Wdver. Eatension of the time for payment or
<br /> modi8cation of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> interest of Borrower shsill not operate to release the liability of the original Borrower or Bonower's successors in interest.
<br /> Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br /> psyment or othawise modify amortization of the sums secured by this Security lnstrnment by reason of any demand made ,
<br /> by the��iginal Bonower or Borrower's successors in interest.Any forbearance by Lender in eaercising any right or remedy
<br /> shall not be a waiver of or preclude the eaercise of any right or remedy.
<br /> 11. Succasors and Asd�as Bound;Joint aud Sereral Liabiltty;Co-si�er�. The covenants and agraments of
<br /> this Security Instrument shall bind and bene8t the sucees�ors and assigns of Lender and Borrower,subject to the provisions
<br /> of pamgraph 17.Borroaer's covenants and agreements shall be joint and several.Any Borrower who co-signs this Socurity
<br /> Instrument but does not execute the Note:(a)is co-signinR this Security Instrument only to mortaage, amnt anri rnr�y�� ___
<br /> titat Horrower's interest in the Property under ths terms of this Security Instrument;(b)is not personally obligated to pay �
<br /> the sums sa;ured by this Security Instrument; and(c)agrees that Lender and any other Borrower may agree to eatend, �
<br /> modify,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br /> that Bonower's consent.
<br /> 12. Loan G�arges. If the loan secnred by this Security Instrument is subjeet to a law which sets maaimum loan
<br /> charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br /> connxtion with the loan exceed the permitted limiu, then: (a) any such loan charge shall be reduced by the amount � � -
<br /> necessary to reduce the charge to the permittod limit;and(b)any sums already collected from Borrower which 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 Bonower.If a refund reduces principal,the reduction will be treated as a
<br /> partial prepayment without any prepayment charge under the Note. : ,�,
<br /> 13. Le�i�lation Aftecting I.ender'e Ri�6b. If enactment or eapiration of applicable laws has the effect of '
<br /> rendering any provision of the Note or this Seeurity Instrument unenforceable according to its terms.Lender�at its option, ��
<br /> may require immediatG payment in full of all sums secured by this Security Instrument and may invoke any remedia ' '
<br /> permitted by paragraph 19.If Lender exercises this option,Lender shall take the steps specified in the second paragraph of �
<br /> P�8mPh 17. ..
<br /> 14. NoHces. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br /> mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the -
<br /> Prdperty Address or any other address Borrower designates by notice to Lender.Any notice to Lender shall be given by
<br /> first class mail to Lender's address stated herein or any other address Lender designates by notice to Horrower.Any notice
<br /> provided'for in this Security Instrument shall be damed to have ban given to Borrower or Lender when given as provided
<br /> in this paragraph.
<br /> 15. G�rernin�Lw;Se�enbility. This Security lnstrument shall be governed by federal law and the law of the
<br /> jwisdictflon in which the Property is located. In the�vent that any provision or clause of this Security Instrument or the
<br /> Nots eonflicu with applicable law,such conflict shall not affxt other provisions of ehis Security Instrument or the Note
<br /> which can be given effect without the conflicting provision.To tbis end the provisions of this Security Instrument and the
<br /> Note are declared to be severable.
<br /> 16. Borrower't Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. Te�ansfet ot the Property or a Beneflctal 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 Horrower is not a natural
<br /> person)without Lender's prior written consent, Lender may,at its option,require immediate payment in full of all sums
<br /> secured by this Security ]nstrument. However. this option shall not be exercised by I.ender if exercise �s prohibited by
<br /> federal law as of the date of'this Security Instrument.
<br /> - If Lendtr exercises this option,Lender shall give Borrower notice of acceleration.The notice shall provide a period � T
<br /> of not less than 30 days from the date the notice i�delivered or mailed within which Borrower must pay all sums secured by
<br /> this Security Instrument.If Borrower fails to pay these sums prior to the expiration of this period,Lender may invoke any
<br /> - remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br /> 18.Borrower•s Right to Rein�tate. lf Borrawer meets certain conditions, Borrower shall have the right to have
<br /> enfarcement of this Seeurity lnstrument discontinued at any time prior to the earlibr of:(a)S days(nr such other period as �
<br /> �r applicable law may specify for reinstatement)befote sale of the Propeny pursuant to any power of sale conta�ned in this
<br /> _ ,. � Security lnstrument; ot (b)entry of a judgment enforcing this Security lnstrument. Those cond�t�ons are that 13orrower: �C.
<br /> (a) pays Lender all sums which then would be due under this Security lnstrument and the Note had no acceterat�on �
<br /> ' occ�erred; (b)cures any default �f any other covenents or agreemtnts: (c) pays all capenses mcurrcd �n enforcmg this �
<br /> �: 5ecunty lnstrument, includ�ng, but not l�m�ted to, reasonable attorncys' fees, and (d) takes tiuch actian as I.ender may ��`
<br /> __u�` teasonably require to assure that the lien nf th�s Secunty lnstrument, Lender's nghts m the Property and ilorrnwer'< <
<br /> =��i; obl�gel�op to pay the s�rns secured by �h�s Secunty lnsuument shall conhnue unchanged l'p��n rcin5tatemrnt h}• '
<br /> _-�`-'�!, Elotmwer.thts 5ecunty lnstrumcnt and the e,bbgatian5 secured hereby chaU remain Fuliy efT�cti�e�iti if nn arcelerattcm had
<br /> �7� Y,' «c:curred Hnwever,this right t��re�nstatr chall not apply m the catie��f accelerau��r�under�araRra�+h� 1�nr 1�
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