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� - --' � � � 10031 � 90� r If Lender required mortgaae insurance as a condirion of making thc loan accurtd by thls Security Instrument, � � Sorrower shall psy the premiums rcquira!to maintain thc iasurance in eR'ect untll�uch time u the requiremsnt far the insunnce terminateti in�ccordaoce w�th HonoMer's and Lender's Mritten p�rament or appiicable law. � �. �.�w��, t�e�r�s�t�eQet±�t��y f±±�k�t�!�+nahle�ntries uoon and inspections o!'the PropertY. Leader shall�ive Borrower aotke at the time of or pdos to an inspection specifyin�reason�ble cawe for the inapection. 9. Coadt�aastlou. ?he proceeds of any aMard or claim for dsma=es,dinct or consequenti�l.in connectlon with any condemn�tion or other takia�of any part of the Property. or for conveyance in lieu of condemnstion, are hereby � sai�ned and�hall be paid to Lender. Ia the eveat of�tetal taklnj of the Property. the procad�shsll be applied to the wmi fecured by th9s Security � Instnui�ent,Mbether or not then due,rvith any�accxa paid to Borro�er.In the evrnt of a part�al taking of the Property. un1eM Borr+oMer�nd La�der other�viee�a in�irririn��tbe sumi secured by tl�Secauity Instrumeat shall be reduoed by the aniount of the procead�multipHed by the follo�vin�fnctlon: (s)the total amouu�t of the tuin�secw+ed immediately before the takiA�divlded by(b)the fair marliet value of tbe Property immediately before the talcing.My balance shaU be paid to HornoNar. � If tbe Property��bwdonal by BorroMer.or if,after�otia by Lender to Horrower that the condannor oBera to mtke w aMard or settle s claim for dama�ea,Horro�er tf�ils to rapond to Lender within 30 daya after the date the noticx is �va�,Lender is authorized ta collxt and apply the prooeed�st�ts option�either to restoration or repair of the Property or to the sums secured by tf�is Secwity Instrumeat,whether or not then due. Ua1w I.ender and BorroMer otherwlse a�ra in Nrltin�,any applicarion of�roaeds to principsl ah�ll not extead or postpene t6e due date of the moathly p�ymeats referted to ia paragrapl�1 and 2 or change the�uaount of sucb payments. 10. HoROwer Not Relered; Forbe�raa�e Hy I.�ader Not a Wd�er. Factension of the time for psyment or modiAcstion of aaiortiution of the �ums aecured by this Secnrity lnstrument graated by Lender to any successor in interat of Horrowa sZWI not oper�te to relaae the liabllity of the originsl HorroMer or Borrowes's succaaors in interest. I�eader �hsU Aot be required to comaieace pmceedinp against any auccessor in interest or refuse to eatend time for p�yattat or otha�►ite modify amortiution of the sum�sxured by this Security�nstrument by rason of any dem�nd made by tbe ori�in�1 HonoMer or Horrow►er's�uccason in intuat.Any forbauxace by Lender in exercising any dght or remedy sbaU uot be�aiiver of or preclude the exerclse of sr�y rl=ht or ranedy. � 11. S�eaMOn aod Artt�t Haad:Jotat ssd Se�enl Y3stiility;Co�dOia'�. Ti�e covenant�and�Sroemtnta ot . this Security Instrumeat sbtU bind and beneltt the�ucoa�n�nd aai�of Lender aad Bomower,aubjat to the provisiona ' of parssnph 17.Horro�ver's coveaants aad yrataeab�hall be joiat and�evet�l.Any Borro�er aho co-si�ns this Securlty . Inmua�a�t bnt doa not execuu the Note:(a)ii co-dp�in�thu Secwity Instn�meat only to mortg�ge,�rant and convey . � thst Horrow�er's interat in the Property�mder the ten�of this Sxwity Instrummt;(b)ia not persona]lY obliBated to pay ; the tunas xcured by t�is Secwity Iastn�ent;md(c)agreea thst Lender and any other HorroMer may aEree w extend, F �_ � - modlty,forbear or make uiy sccommod�uoaa aith re�u+d to the terms of tbi�seeurity instrument ar tne ivote witiiwt . „.- thst Borno�ver's consea� 12. La�G�r�a. V the loan sxured by this Security Inatrumeat u wbjxt to a Lw Mhich�ets maximum losn char�a. aad tiut law is flnally interpreted ao th�t the iaurest or other tou� chuges collected or to be collxted in _-:: oonAection Nith the lotu exoeed the pennitted limits.then: (a)any auch loaa chsrge shall be raduad by the smount : _ neas�ary to reduce the chu�e to the permitted limit;aad(b)any sums alrady collected from Horruwrer which excaded ' '_ � permltted limits w►iU be reflurdad to BorroMer.I.ender msy choose to make this refiind by reducing the principal owed — . uader the Note or by m�kin�a direct payment to BorroWer.If a reti�ad reduces principal,the reduction will be treued�a a ptrtl�l prepsyment without any prepayment char�e under the Note. " 13. I�blatloa Altectla� I.�der'� Ri�b. If enactment or expiration of applicable uws has the eft'ect of raideriiij any provisioa of the Note or this Security Insuument untnforcaible according to ita terms�Lender,at its option, � may require immediate payment in thll of all suma secured by this Security Instr�ment and msy invoke any remedies f permitted by puagraph 19.If Ler►der eaerciaes tlus option,Lender shall taice the steps speci5ed in the sxond puagnph of � P��nPh 17. 14. Notka. My notice to BorroMer provided for in this Security Instrument shdl be�ven by delivering it ot by � mailin�it by}Int clsss m�il unless spplicable law requires use of anotber method.'The notia ahall be directed to the i= ; � Property Addras or any other addreas BonoMer daignates by notice to Lender.Any notice to Lender ah�ll be given by �M1�' flnt clsst n�til to Leada's�ddress itated heraa ar any other addras Lender designates hy notia to Borrower.Any notice . provided'for in this Secusity Inatrument ahall be damed to have been given to Borrower or Lender when given as provided ia this qra�raph. 13. �Lw;SnanDWty. This Sxurity Instrument shall be governed by federal law und the law of the jW�i�diction in�vhich the Property i�lxated. In the event that any provision or clsnse of this Security Instrument or the Note conflicts with spplicable law.such contict ahall not affect other provisions of this Security Instrument or the Note which can be�von effxt without the can!liciin�provisian.To this end the provisfons of this Security Instrumeat and the Note sre dxlued to be�everabk. � 16. Borrower'�Co�y. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Traas[er ot tbe Pro�rty or a Bene8eial Intere�t in HorroMer. 3f a11 or any part of the Property or any interest in it is sold or transferred(or if a beneficisl interest in Bonower is sold or transferred and Borrov�er is not a nuural per�on)�vithout Lender's prior writtrn conaent�Lender may.st its option,require immediate payment in full of all sums aecured by thu Seeurity Instrnmertt.However, this option ahall not be exercised by Lendar if eaercise is prohibited by � federal ltw u oithe dau of this Security Iastrument. __ __ ______ If Lender exercisa this option,I.ender shall give Borrower notice of acceleration.The notice sh�ll provide a period r-�`-—�---- of not las than 30 days from ihe date the notice is delivered or mailed yvithin which Horrower must pay all sums secured by this Security Instrumcnt.If HorroMer fails to pay thae sums prior to the expiration of this period,I.ender msy invoke any . temedia pennitted by this Secutity Instrument without further notice or drmand on Borrower. 1!.Barrowee'�RyYt to Retastate. If Borrowa mats artain conditions, Bonower shall have the right to have � enforcxmrnt of thi:Security Instrument discontinue�at any time prior to the eariitr of ta)3 days(o�snch ot;er��ric�:� ' L spplicabk isw msy specify for rein:utsment)before sale of the Propetty pursuant to 8ny power of ssle conuined in this �r Security lnstrument;or(b)entry of a judgment enforcing thia Security Insttument.Those condicions are that�orrower: � (a)pays Lendet all sums w+hich then would be due under thia Security Instrument and the Note hid no acceleration occurred; (b)cura any default of any other covenar►ts or saraments; (c) pays all expensa incurred in enforcing this n � Security lnstrument. including.but not limited to, rasonable attorneys' fas; and (d)ukes such action ss Lender may � : rasonably aquire to�ss�re th,t the lien of this Socurity instrument, Lender's rights in the Property Aad Borrower's � � obllption to pay the sums securod by this Sesurity Instrument sha11 continue unchanged. Upon rcinstatement by •' Borrower,this Security Insttument and the obligitions socurod hereby shall remain fully etlective as�f no acceleration had °' oacurrod.However.this nQht to ranstate shall not apply in the case of accelerstion under paragraphs 13 or 17. i� - � !�� ,��'�%i� 4 1 t, V� '~i �I! _�i'.. 1 '. -rc- �� !'' ,i -,• �.