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<br /> rIf Lrnder required m�rtguge insu�unce us a condi�ion ��f making Nie I�a� secured by �his Securit} Irtstrument,
<br /> � 8orrow�er shatl pa}�the pTemiums required ta maimain the insurancc ia eflect until�uch tin�e as the rrquircment fvr the
<br /> insuranee terminates in accordance with Borrower's und Lender's written agreement ar applicable luw.
<br /> A [ge�lift^. L�nder ar iis sa:nt rns;ma4e reas�na�le entriPs u�n»n�+ in��::sions�t'sh� Prcprrty• I..nsi:r
<br /> `� shall give Borrower natice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br /> � 9. Condemnation. The proceeds of uny award or claim for damages,direct or consequential,in c�nnection with
<br /> any candemnation or other taking oP any part oP the Property. or for conveyance in lieu af condemnation. are hereby
<br /> assigned and shap be paid to Lender.
<br /> In the event of a total taking of the Propeny, the proceeds shall be applied to the sums secured by this Security
<br /> � Instrument, whether or not then due,with any excess paid to Borrower. ]n the event o1'a partial taking of the Propeny,
<br /> unless Borrower and I.ender otherwise agree in writing,the sums secured b�this Security lnstrurrient shall be reduced by
<br /> the amount oP the proceeds multiplied by the following fraction:(a)the total amount of the sums secured immediately
<br /> before the taking,divided by(b)the fair market value of the Praperty immediately before the taking.Any balance shall be
<br /> paid to Borrower.
<br /> Jf the Property is abandoned by Bonower,or if. after natice by Le�der to Borrower that the candemnor offers to
<br /> make an award or settle a claim for damages,Borrower fails to respond ta Lender within 30 days after the date the notice is
<br /> given,Lender is authorized to collect and apply the proceeds,at its optian,either to restoration or repair of the Property or
<br /> to the sums secured by this Security Instrutnent,whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extsnd or
<br /> � postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 10. Borrowe� Not Released; Forbearance By Lender Not A Waiver. Extension of the time for payment or
<br /> madification of amortization of the sums secured by this Security lnstrument granted by Lender to any successor in
<br /> interest of Borrower shall not operate ta release the liability of the original Borrouer or Borrower's successors in interest.
<br /> Lender shall not be rec�uired t�commence prc�ceedings against any successor in interest or tefuse to extend teme for
<br /> ' payment or otherwise modify amortization of'th�sums secured by this Security lnstrument by reason of any demand made
<br /> by the original Horrower or Bonower's successors in interesi.Any forbearance by Lender in exercising any right or remedy
<br /> shall not be a waiver of or precludt the exercise of any right or remedy. .
<br /> 11. Successors and Assigns Bound;Joint and Several Ljabillty;Casigners. The covenants and agreements of � '
<br /> this Security lnstrument shall bind and benefit the successors and assigns of Lender and Bonower,subject to the provisions
<br /> ; of paragraph 17.Barrawer's covenants and agreem�nts shall be joint and several.Any Borrower who co-signs this Security . � �
<br /> � Instrument but does not execute the Note:(a)is co-signing this Security Instrument only to mortgage.grant and convey � �
<br /> � that Borrower's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay ' ;��
<br /> � rhP�»����r�t,y ih±s���;I�str�!rn�r.*.;�.n�4s�sbs�s!:�t T.wn�+�r sn�an,�:!:�:zi^:*a::��r ms�sgs�tc��:���, -. �-
<br /> � modify,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without � '
<br /> that Borrower's consent. '
<br /> 12. Loan Charges, lf the loan secured by this Security Instrument is subject to a law which sets maximum loan • �
<br /> . charges. and that law is &nally 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 i.�
<br /> necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded
<br /> � permitted limits will be refunded to Bonower. Lender may choose to make this refund by reducing the principal owed {'=l
<br /> nnder 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.
<br /> 13. Le�slation Affecting Lende�'s Rights. !f en�actment 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,
<br /> may require immediate payment in full of all sums secuted by this Security Instrument and may invoke any remedies �
<br /> permitted by paragraph 19. If Lender exercises this option,I,ender shall take the steps specified in the second paragraph of �����
<br /> � paragraph 17. �
<br /> 14. Notiees. An notice to Borrower rovided for in this Securit Instrument shall be rven b deliverin �t or b '��'=*
<br /> Y P Y 8 Y 8� Y �:,��;Y
<br /> mailing it by first class mail unless applicable law requires use of another method. "The notice shall be directed to the •_ -•c, �
<br /> Property Address or any other address Borrower designates by notice to Lender. Any notice to I.Qnder 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 Bt�rrower or Lender when given as provided
<br /> in this paragraph.
<br /> 15. Go�erning I.aw;Seversbility. This Security Instrument shaii be governed by federal law and the law of the
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br /> Note conflicts with applicable law,such conflict shall not affect other provisions of this Security lnstrument or the Note
<br /> which can i�e given effect w'sthout the conflicting provision.To this end the provisions of this Security lnstrument and the
<br /> � Note are declared to be severable.
<br /> 16. 8orrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. Transfer o!the Property or a Beneflcial 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 Borrower 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 Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br />` •; federal law as of the date of this Security lnstrument. — -
<br /> lf Lender exercises this option,Lender shall give Borrower notice of acceleration.The notice shall provide a t►eriod '
<br /> of not less than 30 days from the date the notice is delivered or mailed within which$orrower must pay al)�ums 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 pertnitted by this Security Instrument without further notice ar demand on Borrower. �
<br /> �� 18.Borrower's Right to Reinstate. If Borrower meets certain conditinns, Borrower shall have the right to havc
<br /> enforcement of'this Security Instrument discontinued at any time prior to the earlier of:(a)5 days(ar such othcr period as �
<br /> L appticable law may specify for reinstatement)before sale of the Property pursuant to any power of�ale contained in this
<br /> Security Instrument or(b)entry of a judgment enforcing this Security Inst�ument. Tho�e ccmdition�are that Bnrrower.
<br /> (a) pays Lender al1 sums which then would be duc under this Security Intitrument and the N�te had no acceleration �
<br /> . occurred; (b)cureti any default of any other covenants or agreementti; (c) payc all expeme� incurred in enforcing thts �p
<br /> Secunty Inctrument, including, but not hm�ted to, rcasonable attorncyti' fcrs: and (d) t:�kc� tiuch actu��� ati I.rndcr may ��
<br /> . reax,nably :eyuire t� assure that the lien of tl�iti Security h»trument. J.encier'ti nght� in tiie 1'r��perty cind H��rre�wer'c �
<br /> - �� ohligat��m to p�y the ��ms �e�urec� ny �h�� Secunty Intitrumcnt �hall c�mtu�ur unch:uiged L'�+nn rrm�iatcment hy " "
<br /> _----.. H�,rruwcr.thitiSecurrty inurument and the„bligauanti�ecured herehc�hall remam fully rffrrt��e.iti it'n�,:�cccler.�hrni had
<br /> `� �K•curred Hnwrver.thiti nght to rein�tatr shall n��t a��ply�n the�.��r��(a�c rle•r:�u�,n under r:u:�k�.,rn� 1 �a�r 17
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