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<br /> IF Lender required mortgagc insurance as a condition of making titc loan secured by this Secutit� instrument,
<br /> �. Borr�w��wh�,ti pa;tht prrrniums requirrd to maintain the insur�nce in effect until such time as the re.Zuiremrnt for the �
<br /> insurance terrninates in accordance with Qormwer's and Lender's v►ritten agreement or apnlicable law.
<br /> 8. Ins�ettivn. i.cc�des or its agenc may ma�e reasonabte entrias uprn�and inspections of thr Prrper�3.Lcnder �
<br /> shall gite�orcower noticx at ths time of or prior to�n inspectian specif�ing rrasonabte cause for the inspectioa. �
<br /> 9. Caademnatioa. 7`he proceeds af any award os claim far dainages,direct or consequentiaf,ir,cannrc�io�n with
<br /> � any condemRation or other taking of any part of the Property, os fer conveyaace in fieu of cortdemnati�n,are teerehy
<br /> assigned and shali be paid to Lender.
<br /> In the ever.t of a total taking of the Froperty,the proceeds shall be aFpiied to the sums secured hX this S�urity
<br /> � Instrument,ahether or not thrn due.with any excess paid to Borroxer.fin the event of a pariial taking of thc Froperty, .
<br /> � unless Borrower and Lender otherwise agree in w-riting,the sums secured by this S�curity Instrument shal�b�i�ticed b} '
<br /> ' the amount of the proceeds multiplied by the fallowing fraction:(a)the tatal amount of the sums secured i�smr�diaiely ,
<br /> befare the taking,d�vided by(b)the fair market value of the Property immediately before the taking.Any b��e sHall be
<br /> paid to Banawer.
<br /> , , If the Pro�erty is abandoned by Borrower,or J,after natice bp Lender to Bonower that the condemuus offtrs t4
<br /> . make an award or settte a clairn�for damages.Borrower fails to respond eo�ender within 3d days after the date Etrs no?ice is
<br /> given,Leader is authoriuA to collect and apply the procecds,at its op3i�a�,�t�er tQ restoration or regair of thr Propsrty ar
<br /> to the sums secured by this Security Instrumrnt,whether os not then due- � �
<br /> � Unl�s Lender and Horrower atherwise agree in writing,any applieatia��gaar�ceeds to principa!shali cuol extcnd or . � . �
<br /> postpons the due date uf thc munthly paymens referred to in paragraphs 1 an�2 Qr change the amount of such pa}mmts. � � '-` _.
<br /> � 10. Borrower Not Released; Forbegc�rtce By Lender Not a �si�er. Extensinn of the time for p���nent o� � .
<br /> modification of amortization of the sums secured by this Security jnstrumen� �nted by Lender to any succeswr i�
<br /> ` i�terest of Bonower shaiJ noi operate to release the liability oF the original Bona�vrer ar Borrawer's successoss in interest.
<br /> I.ender shall not be reyuired to commence proceedings against any successor in interest or refuse to eatend time for
<br /> ` payment or otherwise modify araortization of the sums secwed by this Security Instrument by reason af any d�rriand m��
<br /> � by the original Borrower or Bonpwer's successors in interest.Any forbearance by Lender in exercising any right ot renae��:
<br /> shall not be a waiver of or preclude the exercise of any right or remedy.
<br /> 11. Successors and Assi�s Baund;Jotnt and Sereral LiabilIry;Casigners. The covenants and a�cnts af .
<br /> this S�r��ety Instrument shall bind and benefit the successaa�and assigms of Lender and Borrower,subject to tt;.provisions " , �
<br /> � of pa�a�r�h 17.Bosrower's covenants and agreemenis sfi:,�)be joint and sevcral.Any Borrower who casigns ttus Security . � . �
<br /> ' Instrt::,�ant but dt�es not execute the Note:��)is cro-signing this Secc�rfs�Instrument onDy to mortgage,grant and conreF- � � .
<br /> � , that H�e�rower's interest in the Praperty un;Fs i.�e terms of this Secur��.� Instrnmenh,(b)is nat persanally ob!igzted to pa,� � � ,. .
<br /> the sL:�;s secured by this Securnt�•Instrument;and(c)agrees that Lender and any other Borrower may agree to extend, �
<br /> ; modify,forixar.or make any accommodations with reg�rd to ihe terms af this Security Instrument or the Nd;�without ' .
<br /> • 3hat Borrower's consent.
<br /> - -- ; !2. Loan Charges. If she taan secured by this Security Inst�.zeent is subject to a!aw which sets maaimum la:�°� � '
<br /> ,charges, and that !aw is finally interpreted so that the interest or. cr.1:;;er laan charges collected or to be coJlxte� i:n ,
<br /> � canrteetion with the loan eaceed the permitted limits,then:(a)any su:�� ?c�charge shall be reduced by t1:z amount -
<br /> ' r.ec�s:ery to reduce the charge txi r;�e permitted limit;a�t�E�cb)any sums aJrea::�v_tlected from Borrower��ti<:-ts exceeded •
<br /> �e�i!:eed limits will be refun��t�Borrower. Lender���choase tv r.iake t��:s:;r�;und by re�ucing the prin�ipal owed f�
<br /> uz:$er the Note or by making a direct paym�.t wo$orrower.If a reftaaads c�:3�:ces p�-cipal.the rcd�letion will be treated as a �
<br /> partial prepayment without any prepaymerr�:arge und:s the Note. �
<br /> 13. I.e�islatIon Atfecting Lender's Rights. a4'Enactment os expir�ti���� oP applica�le laws has tAL effect of �
<br /> • rendering any provision of'the'��.��or this Security Instc�tnt unenforceable acv.-r�:ing to its tcrms,t,end�r,�t its option,
<br /> may,require immediate paym�c F�M ful)of al) sums sec�g�d by this 5ecurity ]nsrrument and may invoke any remedies `
<br /> permitted by para�rai h 19.If��3er exercises this option,l.ender sh�ll take the steps specified in 1he second p�iagraph of
<br /> � paragraph 17.
<br /> � �4. Notices. Any ncrr:�e to Borrower provided for in this S.;�.�city Instr:,c}:^.3ent shal!6e given by delititair�g id or by .�,,.�;
<br /> . maili.i,s�r i.s by first class mail �,r�iess applicable law requices use of anolher met�,.na�. 7hc notice shall be�irccied to Ihe ' � �•�`..
<br /> • Prc��cty Address or any other address Borrawer desigaa��.�y nc�tic$to Lender. :��y natice to Lender sf7�l��given by
<br /> '. first c:ass mail to Lender s address stated hetein or any otr�e,a9dress lU:•nder designatcs by notice ta Borrower.Any notice .
<br /> � provided for in this Security Instrument shall be deemed to 1�ave bee��iven to Borr��wer ar Ixnder when given a�provided
<br /> in this paragraph.
<br /> L�9 Covereing I.�w;Severability. This Securit;�]fmstrutnent shal) be governed by federal law an�t?:e(aw oP the
<br /> jurisdirti.��in which the Property is located.In the cvent that any provision ar clause aP this Security Ir,s�fu_rn:nt or the �
<br /> Note conflicts wit'��ppticable law,such crmflict shall ro�t afPect other provisians ot'this Securily Instrument av the N�tc .
<br /> which can be gi�er�:1f��ct without the confticting provision. To this er��d the provisions nf this Security Instrurr.ent and thc
<br /> . Note are declared rrs he severabte.
<br /> i�3. Borra��►er's Copy,• 19orrower shall be given�Re conformeci capy of thc.Nnte and nf this Security Ir.strument.
<br /> , ' �'r. Tnatter ot 4IFZ�t�perty or A Beneflcial Ir�E�u'.est in 8orrower. I;all or any part of the Y'ru�.�cvty or auy •
<br /> inter�:irt it is sold or transfetted(�t if a beneficial intetc�s4^n AormK•er is svld��r transferre�i and Horr�we.v jr�.rr,t a naiturbi
<br /> perscr>witirout L4tt�er's prior written consent.Lender r^ay,at its n�cnan. require immediute payment in fut:of aU sum,
<br /> � secar�,�by this Se;;�.rity lnsirument. However.this op!iar shall n�a�:exercised by Lender if exercise is j�rohihited by
<br /> �r feder�l+.Saw as oPthe date of this Security Inslrument. �
<br /> lf Lcnder exercises this�:��rtion,Lender shall give 3�:,rrower nntice of dc:.:lm-.:r.don.'1'he ni�tice shal!pso.i��e a peri�xi �
<br /> - of not less than 30 days from tl,�date the notice is delivered or mailsd�zithin wE�ccl.L�orra«er must pay all sur.:�secured by
<br /> this Security Insttument.IP Hortower fails to pay these swns pri�r re�ci�:��.x�ira;:on c►f Ihis perirxl,I.ender may invoke any �• ,
<br /> reaiedies permitted by this Security Instrument withaut further notiz�:�ar uer�:�.-�u•as��iarrnwer. '
<br /> . . 18.Barroser's Ftight to Relnstrte. IP HnrrnwPr r�t¢�tc rert:�tt�conciir'n,,Y�.:Ac,rr�we*shall have th��ei�hE tr ht�vf� � �
<br /> � enforcemem��this Security fcss�trument d�scontinued at any time prior tu the ea,t�:�:•of:(:�)5 d,�ys(or such ot�:er�eri��d as
<br /> �pplicabtr law may speciPy for reinstatement)t►efore sale�f�he Pn►perty putsuant t�►any Puwer�f rale ror.'3irted in lhis �`
<br /> � Sccurity Instrument;or(bl entty nf a judgment enfarcing thtv Security InStrumem.`i'hose cancfitinns�re tYs�liarrc�w�cr: �
<br /> (a)p:�.ys l�r,der �Il sums whieh then wauld be due un:ltt Ih�s Securily instrmnent and the Notc had�no aceeleratinn
<br /> cr.�curied: (b)cures any default of any nther covenants nt �gre.�ements: (c1 pays :sl1 expense��ncurred �n er.fr,:cmg tgn�, r•.
<br /> Security InStrument, including. but not limited to. reasc�nable �ttt�rneys'fees: an€1(d)tnkr5 tiach.�ctic�r�av F_cncler iiuiy ' ��
<br /> - reasunabfy re�yuue tn assure thnt the lien c�f th�v Security lnstrumem, Ler�det's tighls rn thc Pa�perty ar.d iintmwer'e
<br /> t�bbga�ftcrn tv p�y fhe sum� �ecured by thts Stcurity 1nSttument shall cnnttnue anchangcd_ t�pnn rcer.��tatement h}• �
<br /> I�,�ne�wer,thi�.5eeunty ir�strurnent arrd thc�yfiligati�,nc seratetl hereby�+hall re4nain follv rffeeti�c�ac if n«a4�ef�t:�tusn tiu�! � �
<br /> .
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