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<br /> � IP Lcnder required �iorigaga insurance as a condition of making the loan secured by this Security lnstruanent�
<br /> Borrower shall pay the premiums required to maiatain the insurance in eflect until such rime as the requirement for the
<br /> � insurance terminates in accordance with Bonowtr's nnd Lender's wtitte�agreement or applicable law.
<br /> 8. In�pection. Lender ar its agent may r�take reasonnhle entries u�n and ins�+ectiona of the Frup..-rtj. I,ender
<br /> � shall give Horrower notice at the time of or prior to ar�inspection specifying reasonable cause for the inspection.
<br /> 9. CoedemnstlaA. The proceeds of any aarard or claim for damages,direct or conseyuential.in connection with
<br /> � any condemn�tian or oiher taking of any part of thc Property, ar for conveyance in Geu of cottdemnation,are hereby
<br /> assigned and shall be paid to Lender.
<br /> In the event of a total taking of the Property,thc proceeds shall be applied to the sums secured by this Security
<br /> ' Instrument,whether or not then due,with any eacess paid to Borrower. In the event of a partiat taking of the Property,
<br /> unless Borrower and Lende�otherwise agree in writing,the sums secured by ihis Security Instrument shall be reduced by
<br /> the amouat of the proceeds mnitipliod by the following fraction:(a)the total amount of the sums secured immediately
<br /> before the taking,divided by(b)the fiir market value of the Property immediately before the taking.Any balance shall be
<br /> paid to Bottower.
<br /> If the Property is abandoned by Borrower,or if,atter notice by Le�der to Bonower that the cvndemnor oflers to
<br /> make an award or settle a claim for damages,Bonower fails to respond ta Lender within 30 days after the date thc notice is
<br /> given,Lender is authorized to collect and apply the proceeds.at its option,either to restoration or repair of the Property or
<br /> to the sums secured by this Security Instrument,whether or not then due.
<br /> Unless I.ender and Borrower othera+ise agree in writing,any application of�roceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referrod to in paragraphs 1 and 2 or change the amount of such paymenu.
<br /> 10. Bon�ower Not Rekaad; �orbarance By I,ender Not • Wdver. Eatension of the time for payment or
<br /> raodiflcatioa of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> interest of Horrower shall not operate to release the liability of the original Borrower or Bonower's successors in interest.
<br /> Lender shull not be reqnired to commence proceerlings a$ainst any successor in interest or refuse to extend time foz
<br /> payment or othawise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br /> by the original Horrower 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 exercise of any right or remedy.
<br /> �I. Succe�on and Aa�t�ns 8oued;Jaint and Se�eral Liabulty;Co-slgners. The covenants and agraments of
<br /> this Security lnstr�ment shall bind and bene8t the successors and assigns of Lender and Borrower,subject to the provisions
<br /> of paragraph 17.Borrower's covenants and ageements shall be joint and several.Any Horrower who casigns this Socurity
<br /> Instrument but does not eaecute the Note:(a)is co-signing tlyis Secnrity Instrument only to mortgage,gant and convey
<br /> that Horrower's interest in the Property under the terms of tbis Security Instrument;(b)is not personally obligated to pay
<br /> the sums secured by this Security lnstrnment;and(c)asuees that Lender and any�th�r w,.f�.a,�;;;����_���i�.,�, -
<br /> � - modi"ry.foroear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br /> that Horrower's consent.
<br /> 12• I.oan Charges. If the loan secured by this Serurity Instrument is subject to a law which sets mgximum loan
<br /> eharge,s, and tha�t l�w rs �inally interpreted so thai the interest or c,ther tosin charges coliectea or to be collected in �
<br /> connxtion with the loan eaceed the permitted limits, then: (a)nny 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 from Horrower which eaceeded �
<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,thc reduction will be treated as a
<br /> Partial prepayment without any prepayment charge under the Nots. -
<br /> 13. LeQisletion ,�Rectieg I.ende�+a Rlg6ts. If cnactment or eapiration of applicable laws has the effect of ��
<br /> rendering any provision of the Note or this Security Instrnment unenforceable according to its terms,Lender,at its option, ��`
<br /> may require immediate payment in ful� of all sums secured by this Security lnstrument and may invoke any romedies '
<br /> permittod by paragraph 19.If Lender eaercises this opiion,Lender shall take the steps spocified in the second paragraph of �#�
<br /> paragraph 17.
<br /> 14. Notied. Any notice to Borrower providod for in this Security Instrument shall be given by delivering it or by
<br /> mailing it hy first class mail nnless applicable law requires use of another method. The notice shall be directod to the �'
<br /> Property Address or any other address Borrowcr desi�nates by notia t�Lender. Any notice to Lender shall be given by
<br /> first class mail to Lender's address stated horein or any other address Lender designates by notice to Borrower.Any notice
<br /> provided'for in this Security Instrument shall be decmed to have been given to Bonower or Lender when given as provided
<br /> in this paragraph.
<br /> 13• Gqien�tng Lw;Se�enbility. This Sec�rity Instrument shall be governed by federal law and the Iaw 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 sha11 not affect other provisions of this Security lnstrument or the Note
<br /> which can be given effect withour tha conflicting provisian.To this end the provisivns of this Secnrity Instrumer�t and the
<br /> Note are dectared to be severable.
<br /> 16. Horrower'a Copy. Borrower shall be giv�n one conformed copy of the Note and of this Security Instrument.
<br /> 17. Trtnsfer of the Pmperty or a Beneflcial Interest in Borrower. If all or any part of the Property or any
<br /> interest in it is sold or transfened(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br /> petson)without Lender's prior written consent,Lender may,at its option, require immediate payment in fuli of all sums
<br /> secured by this Security Instrument. However, this option shall not be exercised by L,ender if exercist is prohibited by
<br /> federal law as of'the date of this Security Instrument.
<br /> If Lendet eaercises this option,Lender shall give Borrower notice of acceleration.The notice shali pravide a period �
<br /> � of not less than 30 days from the date the notice is delivered or mailed within which Rnrrnwer mus!pay all xum��cnr�d by
<br /> th�s Security Instrument.1f Borrower fails to pay these sums prior to the expiration of this period,I,ender may invoke any
<br /> remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br /> 18.Borrower's Rlght to Refnstate. If Borrower meeu certain conditi�ns,Borrawer shall have the right to have
<br /> enfarccsrsen:of this Security Instrument discontinued at any time prior to the earlihr of:(a)S days(or such other period as
<br /> applicable law may specify for reinstatement)before sale of the Property pursuant to�ny power of sale contained in this �
<br /> Stcurity]nstrument;or(b)entry of a judgment enforcing this Security lnstrument. Those cnnditions are that Borrower: �
<br /> , (a) pays Lender all sums which then would be due under this Security lnstrument and the Note had no acceleration � �
<br /> � occurred; (b) cures any default of any othcr covenants or a reements; (c) a s all ex ��
<br /> 8 p y penses incurred in enforcing th�s
<br /> r Security Instrument, including,but nat limited ta, reasonable attorneys' fees; and (d) takes such action as Lender may �j��
<br /> t reasonably require to assure that the lien of this Stcurity Instrument, Lender's nghts in the Property and Borrower't
<br /> M obligation to pay the sums secured by this Security Insttument shal) continue unchanged Upon re�nstatement by �,
<br /> °' -, : Borrower,this Seeunty Instrument and the obhgations secured hereby shal)temam fully effechve as d no acceleranon had
<br /> �'; �ccurred.However,th�s nght to remstate shall not apply in the case of accelerahcrn under�ar�graphc 1�nr 17
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