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<br /> � Tf I.ender•rrquired mort�age insurance as,a conditian of making thc loan secured�y this Serur'st3r Instrurnent,
<br /> Borrower shall'pay the,premiums requir�tf to mainWin the insurance in effect unti!such time as the requiremmt P�s the
<br /> insurance termu�tes;iri a�ecordance witb Bonower'saad Cender's wr�tten agreem�t orapptic�bletaw.
<br /> 8• I�slect3a�- Lender ar its agent may malce reasonable entri�upon and iaspections af the Preperty. Lender
<br /> shall give Barrower aotice nt che tim�oi'ar preor to an insgecxio�specifying reasonablecau�filr the inspectian.
<br /> , 9. Condemnatioe. The proceeds of any award orclaim fur damages.direct ar consequantial,in connation with
<br /> ; any condemnatian or othes taking of any part of the Ptaperty.ar for conveyance in tieu ef condemnation,are}iL�by
<br /> assigned and shall be paid to Lender. �
<br /> In the event of a total taking of the Property;the proceeds shall be applied to the sums ser�ted'b!`,Sbtr.Sccurity
<br /> Instrument,whether or noi then due,with any excess paid to Borrower.In the event of a partial ta2:ina oi tbo Prapsrty,
<br /> . unless Borrower and Lender atherwise agroe in writina,the sums secured by this Securit.�Instrument shatl�be�tesfased by
<br /> the amount of the proceeds multip}ied by the following fra�tian:(aD the tntat amount of tha svms secured imm�dini�ty
<br /> before the takin�,divided by(b)the fair market value af the Prop�rty immediotsl�►het'nr�tha t�ing.Any balance shall be
<br /> paid to Borrawer.
<br /> If the PropErty is ab�adnned by Horrower,oc if�a3'ter notice by tendcT tn&vscn�vcr Ehsit the eondemnor offers to �
<br /> ° malce ar�award ar�settteucf�ri.for damages,Borrawer faiis to respnnd to Lender within:34�bys after the date the noace is
<br /> given,Lender is�nt�i,�r�!tii�aIleet and apply the proceeds,at ita o�tiott,either to rt�storatiaR ur repair of the Prapctty or
<br />, ° to;hesumssecvt�i6�tj�$���ty j�j���t�N,hetherornot thGn due.
<br /> Unless I.en�er and @riniswer otherwise agree in,v/�riting,¢np application of proceeds to�Srincipal shAll nat estend or
<br />: ; �t�lOth Borr wer Nat e���#hly payments referred tr�ia parn�rapTns f and 2 or change the amount af�uci�payments.
<br /> A�i�nsed; Forbearance By'[.c�:ltc�t.e H;aiver. Extension�of the time fur paymeat or
<br /> modificatian of amariization of tbe sums secared hy tbis�5ecurlty Instrument granted�b}r•Lender to any successor en
<br /> � • . interest of Borrower shall noi op�ratc Co rdcr�se the Jiability of the o�iginal�Hanower ar Honower's successors in interest.
<br /> . Lender shall aot be required to commars�:proceedings against any suce�ssor,in interest or refuse to eatend time for
<br /> ; payment or otherwise modifq amortizatio,af the sums secured by this Security Instrument by reason of any demand made
<br /> � by the original Borrower ur Humz�er's successors in intetest.Any forbearance by L,ender in exercising any right or remedy
<br /> f shall not be a waiver of or prectuc�e the exerc,ise of any right or remed}•.
<br /> � ll. Succe.ssors and A,ssign�Bou�d;,Joint and Several Liab�lity;Co.stgeers, '(7�e c,ic�nants and agreementf a€
<br /> �' this Security Instrument shaU bind and ber�e;t the sucsessors and assigns of Lender and Borrau�r,subject to the provisie�
<br /> of paragraph 17.Banower'�c�►�,�nants and agreements shatl be joint and several.Any Borrower who co-slu�.s�this Security
<br /> � Instrument but dces not exr�..ur�:Lhe Note:(a)is co-signin�this Security Instrument only to mortgag�F�r and convey .i ';;�
<br /> that Borrower's interest in tI��1�r,operty under the ter�r;s,;f this Securiry]nstrument;(b)is nat�aersonz:!J�aligated to pay '
<br /> � the sums secured by this Security Instrum�nt;and(c)agrees that Lc-rtder and any otMer$orr.��;xer r.±ay agree to extend, �
<br /> modify,forbear or make any accommodations with regard to the terms of this Security Instru.re�t�z t;:�.Nose without -
<br /> � that Borrower's consent.
<br /> ! 11. I.o�n Cl�rges. Ift3s�loan secucec!by this Security instrurnent is s�ti�ct to a Iak��hic?►sets maximum loan
<br /> ; char��, and that law is finaliy interprete�3 so that the interest or other Ioan charges cal[�,c::;�d or to be collected in `
<br /> ' coanc�:.tion with the loan eaceed the per„�.�rxed limits, then: (a)aug:c�ch loan charge shatL ts�rednecd by the omount �
<br /> � ���:�:}ry to reducx;t7�e char e to the f '�.,
<br /> 8 permitted timit;and(b)any s:.ms already collected itom Borrower which exceecied
<br /> perrnitteW 7imits,w�rt be rePunded to Borrower. Lender may chaose to make this refund by reducing the j�rincipol owed
<br /> i underr.�t,:tVote or by making a direci payment to Borra�.�f. 1f a refund reduces principal,the reductian we,ll be treated as a �
<br /> , partiat�repayment withaut any prepayment charge und�esci�e�tote.
<br /> ! 13• I.egi�i'�t3on Aftecting I,ender's Righis. ,Tt enactm�4 or expiration of applir.a.�lc laws has the effect c�' �
<br /> rendering any pns�:�sion of the Note or this Se,;.urity lnstrument unenforceable according ta its terms,Lender,at ntsoptivr,:.
<br /> ; may require immediate payment i»full of:�.l1.sums secured by this Security Irtstrument and may invoke any remedies�
<br /> permit.*.ed by paragraph 19.lf Lender exere::.:�ti�is optian,Lender shall take th���:eps specified in the second paragraph c�f
<br /> I para�r�ph 17.
<br /> ; 14. Not�c�, Any natice to Sorrc�st��;eovidcd for in this S�;�,:ei ty Instrument shall[�rrgiven by delivering it erl;� �
<br /> , mailing it by fir��class mail unless applicsL!e law requires use of.�T,::zer method. The notice shall be directed to rl';:a. , �.
<br /> I Property Address at any other address$orrower desigr.ates by nottc:e.to Lender.Any notice to Lender shall be given ii;
<br /> � first class mai)to Lender's address stated herein ar an��at h�:r addre�s Leadcr.J�Ki,;;T�tes by notice to Horrower.Any nnti�:e
<br />� ' provided for in this Security Instrument shall be deemerf c��have been�i,s en to I3;r:ower or Lender when given as provid�
<br /> � in this paragraph.
<br /> ; �S. Coverning I,aw;Severablltty. This Security instrument shall be governed by f�d�;ral law and the law of tlte
<br /> jurisdiction in which the Propeny is locatc�i. Cr,the even t thnt any provisian or ctause oF t13i�����curity Instrument ar the
<br /> Note conflicts with applicable law,such cr�n�rci shall n�l:affect ather prov�sions aC�his �rcar>y Instrument or the Nnte
<br /> , which cAn be given effect without the conftictir,,;pr���csirJn.To this eiid the provis:c;ns of thi�.��.�•rily Instrument and th:
<br /> Notc are declared to be severable.
<br /> : \ 16• $orrower's(;opy, Borrower sh::!;be given one confarmed copy of the Note and cr this Security Instrument.
<br /> l7. Transter ot the Property or a Beneflcist)Interest in Borrower. lf a11 ar any part af the Yroperty or any
<br /> ; interest in it is sold or transferred(or if a bencficial interest in Borrawer is sc�ld ar transferred and Barrower is not d natural Y
<br /> person);vithout Lcnder's prior written consent.Lender may,at its option.require immediate payment in full oF all sums
<br /> securc�� by �his Sec�rity Instrument. However, this option sha11 not be eaercised hy l.cndrr iP exercise is prohibited by
<br /> federallawasofthedateaPthisSecuritylnstrument. - =_ ---
<br /> ' If Lender exe�cises this option,Lender shal)give Norrower notice c,f acceleraticrn. The notic�shal)provide�perirxl � ' �
<br /> . af not Iess th�n 30days fror�thedate the nutire is�icliveredor mailyd within which Borrower mu,t pay all sums secured by
<br /> this 5+:tcurity Instroment.IF Bosrower fails to pay these sums pti�r to the expiratinn af this periad, Lendcr may invc�ke any
<br /> rc�►�,;��ies permitted by this Security Instrument withtiul further n�tice or dcm�nd�n l3orrpwer. '
<br /> �A` �'f41��'v p��==�R�.asi�ie. if Borrawer meets certain conditinns,gorrawer tihall have the ribht ta hu�•e
<br /> enf�rcement oP this 5ecurity lnstrument discontinued at any time prior tn the earitcr nf:(a)5 days(or sunc��lhrr perind cis
<br />, applicable law may specify for reinstatemrnt)befcrre saie pPthe I'roperty pursu�nt to any power r�f sale rontriined in ¢hic �
<br /> Secutity Instrument: ur(b)ei�try nf a judgment enforc�nb th�s5ccurity Instrument. 'fhuse ccmditi��n��irc thnt Bs�rro�ver.
<br /> (�)P�+Ys Lender all su�ms wh�ch then wnuld bc due under titis 5rcurity Instrument and the Nute h.ad itc.accelcratinn r.
<br /> accurred; (b)eures aroy default of any other covenar�t�dr:�grcements: (��p�y�;�p e%rentes inrurreci in cnfi►rcing this �
<br /> 5eeurity lnstrunrent. iacluding, but nut lirnited tn. reaaan,�ble att�rne�•c' fee�_and(ci)takrti�urh nction as Lcnder may � ,
<br /> rcas�nably rcyu�re tn �ssurc that the lien uf this Secunty Instrument. Lend�r'c r��htti �n thc- Pr�,�rty and 1Torrua•e�r'c �d �
<br /> vbltgUttton ta pAy fhe sums c�;u�et! by Nais Sccurity In�tr�smcflt shatl cuntiour ur�cfeanE;ei1 C'��rn reimtt�ten�ent hy � R
<br /> Iitnre�wCr,this Sc�urity Instrurnent and thc c�bhgatinna Secuted heret�y�.F�;il1 rcrnain fuifa rBcct�se:��if nE�acccfrrat�e�n ha�
<br /> uc6uttrd.N�n�e�rt,tic�tinghttc�rcinstate�h�711 nnl�p�ly�n the case�,`,,c�cirr.ih�m under��araKtaph�1�u� 17
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