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<br /> � if Lender requ�scd mortgagc insurance As a condition of making she loan secured b}• this Security lnstrument.
<br /> Horrewer shall pay the premiums required fa muintain the insura�ce i�effect unt�l surh time us the reyuiremem for the
<br /> insurance terminates in accordance with Horrawer's and Lender's�vrit ten agreement ur applicable law.
<br /> . 8. Iaspection. Lender or its agent may make reasonable entries upon and ir►spections of the Prcperty. Lender
<br /> shall give Borrower notice At the time of'or pnor to an inspection specit'j ing reasonable cause for 1he inspection.
<br /> 9. Condemrtatian. The praceeds of any a�vard or c1Aim for damages,direct or consequential,in connection with
<br /> any condemnation or other taking of any part of the Property. or for convey�ance in lieu of condemnation, are hereby
<br /> assigrted and shall be paid ta Lender.
<br /> In the evet�t of a total taking of the Property, the proceeds shall be applied ta the sums secured by this Security
<br /> Instrument, «•hether or not then due, with any excess paid to Horrower. In the event of a partial taking of the Property.
<br /> unless Borrower and Lender otherwise agree in writing,the sums secured by this Security Instrument shal! be reduced by
<br /> the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sumc secured immediately
<br /> before the taking,divided by(b)the fair market value of'the Property immediately before the taking.4ny balance shall be
<br /> paid to Borrower.
<br /> lf the Property is abandoned by Bonower,or if,after notice by Lender to Borrow•er that the candemn�r offers to
<br /> make an award ar settle a claim for damages,Borro«•er fails to responc!to Lender a•ithin i0 days after the date the notice is
<br /> given,Lender is authorized ta coll�ct and apply the proceeds,at its option,either to restoration or repair of the Property ar
<br /> to the sums secured by this Security Instrument,��•hether or not then due.
<br /> Unless Lender and Borrower othenvise agree in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2�r change the amaunt of such payments.
<br /> 10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension oP ihe time for payment or
<br /> modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> interest of Barrower shall not operate to release the liability ot'the original Borrawer or Borrower'c successors in interest.
<br /> Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br /> payment or otherwise modify amortization of the sums secured by this Securit3�Instrument by reason of any demand made
<br /> by the original Borrower or Borrow•er's successors in interest.Any forbearance by Lender in exercising any right or remedy�
<br /> shalf noi be a waiver of or preciude the exercise of any�ight or re�iiedy.
<br /> 11. Successors and Assigns Bound;Joint and Several Liabitity;Co-signers. The co��enants and agreements of
<br /> this Security Instrument shap bind and benefit the successors and assigns uf Lender and Horrower,subject to the provisions
<br /> of paragraph 17. Borrower's covenants and agreements shall be joint and several.Any Borrower who co-signs this Security
<br /> Instrument but dces not execute the Note:(a)is co-signing this Security lnstrument only to martgage.grant and convey �
<br /> that Borrower's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated ta pay
<br /> the sums secured by this 5ecutity Instrument;and(c)agrees that Lender and any other Borrow•er may asree to extend, ' ..
<br /> modify, forbenr or make any,accommodations with regard to the terms of this Security Instrument or the Note�vithout
<br /> that Borrower's consent.
<br /> 32. 'Lo�rs Ch:.rgt�, tf thc loaa sc.uccd bS this Sccuritp Instrumcn;i;suhjcct to a taw wl�i�h s�ts atiaxi�uuu,I�nu -`
<br /> charges. and that law is finally interpreted so that the interest or other loan charges callected 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 eolleeted from Borrower which exceeded
<br /> permitted limits will be refunded to Horrower. Lender may choose to muke this refund by redncing the principal owed
<br />, under the Note or hy 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 Affeeting Lender's Rights. 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,
<br /> may require immediate payment in full of all sums secured by th�s 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 secand paragraph of ��� •
<br /> paragraph U.
<br /> 14. Notices. Any notice to Borrower provided for in this Security]nstrument shall be gi�en by delivering it or by �"
<br /> mailing it by first class mail unless applicable law requires use of another method. The notice shal! be directed to the -
<br /> Property Address or any other address Borrower designates by notice to Lender. Any notice to L,ender shall be given by
<br /> first elass mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any natice
<br /> provided for in this Security Instrument shall be deemed to have been given to Borrawer or Lender when given as provided
<br /> in this paragraph. . �
<br /> l5. Goveming Law;Severability. This Security Instrument shall 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 conflict�with applicable laK, such conflict shall not affect other provi,ions of this Security Instrument or the Note
<br /> which can be given effect without the conflicting provision.To this end the provisions of this Security Instrument and the
<br /> Note are declared to be severablz.
<br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. Transfer of the Property or a Beneflcial Interest in Borrower. If all or any part af'the Property or any
<br /> inierest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and$orrower is not a natural
<br /> person)without Lender's prior written consent,Lender may,at its option, require immediatc payment in full of all sums
<br /> secured by this Security lnstrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br /> federal lawasofthedateofthisSecurity lnstrument. __,_____,____
<br /> If Lender exercises this option.Lender shall give Borrower notice of acceleration.The notice shall provide a period �
<br /> of not iess tnan�u days frorn the date the notice is delivered or mailed within which Boreower must pay all curns secured by
<br /> this Security Instrument.If Borrower fails ta pay these sums prior to the expiration of thi�reriod,Lender may invoke any
<br /> remedies permitted by this Security Instrument without further notice or demand on Bc�rrowcr.
<br /> '_�.��rrr��e:'s Rig;�I tt,a`te:naiair. if$urrower rnert�certain conaitions. Norrnwer shaii have thc r�ght to have
<br /> enforcement oPthis Security]nstrument discontinued at any time prior to the earlier of:(.�)5 d�yti f�r�uch otUer peric�d:�� N�
<br /> 1 applicable law may specify for remtitatement)before sale c�f the Property punuant ta anr Pc�w•er nf�al�ccmtained in th�s �
<br /> LSecurity Instrument; or(b)entry of a judgment enfarcing this Secunty Instrument. 7'hrne cemdin<ms are that f3�rrower:
<br /> (a) pays Lender all surm w�hich then would be due under thi� Srcur�ty Intitrument and thr N��tr had ne� acceleration d
<br /> oeeurred; (b) cures any def�ult o1'any other covenants c�r agreernentti; (c) ray� �11 ex�emeti irirutred m enfntcing this r"�
<br /> 5ecurity In�trument, mcludin�, hut not limttrd tn, «�n�onahle <itt�rnry�' fees, and (d) !ake, tuch artinn ;�ti I.ender may� �
<br /> reasonably reyuvr t�� a�tiure that the hen �(thi� Serunty Imtrurnent. l.cndrr'� n�:ht� m thr I'r„reny <�nd Hc�rr�n.�cr'� `�-��
<br />: ��hhgalu,n t�� p3y thr tiuniti ticcorctl h� thiti Sc�cunty In�trumciyt �hall c�,ntinuc un�•h.�n�;cci l'rnn rcin,t:+tctncnt h� . �
<br /> H��rruwer.thitiSecunts(u�trumen� and thc r�hlif;atiunti�ecurcil hrrch� �}i,�ll rrm�uu tull� cflcctn�•;��il n�,:�cccler.�ti�,n f�a�l
<br /> nccurrc�l Hnwcvci.th��r�tsht ta,rcin�tale�hall i�nt:���t,ly u�thr�;itii•�,f:u�cic•r;in��n und�� ��:n,ij�i:��,h. I i„r I'
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