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<br /> � If Leader req�ered mor�gage insunnce as a conditian of maicing the loan secured by this Sxurity Inaitumeat,
<br /> Horrovrea slialL pey the premiums requited to miiatain the insurutce in effec[unti!such tims ss the requitemrnt for the
<br /> �" insuranowe#t�instes in accordsnte 7vith Horrowet's and Lcnder's written agreemeet or opplir,�bte l�w.
<br /> • a._ Ia�ect�oo. Lersder or its agait may mafce re�sonable enuies upon and inspcctioas of the Property. Lrn�er
<br /> sb�ll�ive Soirower udtice�t the,�iiar of or priar to an inspection sptcifying reasanablr ctuse far the iaspection.
<br /> . 9. Coe�dea�ttIlon. The proceeds of any award or claim for damages,direct or con5equential,in cannecY¢an with
<br /> � any.condemnation or other uking of any part of the Property.or for canveyance in lieu of condemnation, ue hereby
<br /> assigned and shali be p=id to Lendar.
<br /> In tht evmt of a total talting of the Property,the praceeds s6all be applied to the swns secured by this Secnrity
<br /> — Instrument,�vhether or aot then due,with any excat paid ta Borrower.in the event of a partial taking of the Property.
<br /> unteis Bo�wer aad i.ender athenvise agree ia writing,the sums secured by this Securit�r Instruma�t shall be reduced tsy
<br /> tHe amaant nf tbe proceeds maltiplied bp ihe folluwing fnctian:(a)the total amaunt caf the sums secured immediauly
<br /> befete ttte tak�ag,divided by(b)the fair macket v�lue of the Property immediatefy befare the taking.Any balance shall be
<br /> psid to Boiao9ver. ,
<br /> If tht L�c�operty is absndoned by Bamnwer,or if,after IIotice by Lendu to Bonawez that the caademnor u�ars to
<br /> , . r�.a7c�u�sv�,t�s.0 m3r settk�claim for daQta�es,Borro�rer fails w respond to I.eadec witfiin 3U days after the date the notice is �
<br /> : �c�ca,IxnCfi���athorized to collect sua'��ply the proceeds,at iis aption,either to restorati�n or rrpair of thc�q�ty or ,
<br /> , . . ts�e suint st�ared by ihis Securiry Irs�ent,RheEhe�or�at t�sen due. .
<br /> Usdaa L,eader and&inower ot:.�zivise sgrx i�writin8,anY aPF�caticb:.cf��s�x:s,:�princig�Il K3.F.�:;s�et s�md or ..
<br /> �+tpone t6e��e date of the�anthly�a�iients ref��d to ia pat3graphs 1 a�:;�%r,i�"_..:�r.:the aznnunt.-r'such pag�sau. � �
<br /> �. � , , � 10. Hc�ss+awsr Nat Releaied;�'¢c�ranee By I,�nder.'.�'r.st�Watver. £x��ua of the time for paym�'..ar � �
<br /> :. aaadi&estioa�f�raort6zs�c��.itt�sa�secured by this S��Luteument granssi� Ltnder to any succes�::z:� ... . . , .
<br /> 1 �•*.x�st of�"re+r��R�tr shall c-oi .�;�erat�i-�<Ftie�se the i�,xbility of€�z original Bnrrower at�c+:ower's successors in i?�-�esx. � . •
<br /> �mndK shat�r.�t be required to comr�er:ce prmoxs�.i�,3s ag�ivst any successtr in ir�t� or refuse to extrnd time far �
<br /> ` p��tent os o�+ise raodify affiorti7at:�n of tFes��:m:s�ecurai��t2:is Securi:��.*_strume�t by reason of any demaac�rr��c • ..
<br /> � by the orig�Sorrower or Borrower's�L>,:,,as�¢�.0�es�1���'srbearance by I.ender�:�xercising any right ar�rs�y
<br /> ahall aot be s waiver of or preclude t�e eg�e�.�..�-efa.u�sight or remedy. �� � '.
<br /> li. S�oeMOn�ad Assi�ts Booad;Jobt asi Se�eral Li�bi[ity;Co-signers. TEe cbvenu►t4 and agraments of
<br /> tbis Soeurity Instrument ahall bind and benefit the successocs and assigns of Lender and Botrower,suhject to the psovisians ,
<br /> of punaraph!?.BorrawePs covenants and agreanents shall be jaint and several.Any Borrower who co-signs this Security .
<br /> Insirummt but doa not execute the Not�(a)is co-signing this Security lnstrument only to martgage,grant and convey .
<br /> that Borrawer's interest in the Property under the terms oithis Security Instrument;(b)is not persona]ly obligatod to pay ' '
<br /> the sums securod by this Security Instrument;and (c)agees that Lender and any other Borrowcr may agree to eatend,
<br /> � morlify,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br /> that Bonower's consont. •
<br /> 12. I.o�s C6ar�. If the loAn secured by this Security Instrument�s subjxt to a law which sets maaimum loan - -
<br /> chuga, and that law is finally interpreted so that the interest or other loan charges collxted or to be coQected in . ��F
<br /> connection with the loan exceed the permitted limiu, then: (a)any such loan chsrge shall be reduced by the amount =.
<br /> aocesasry to reduce the charge to the permitted limit;pnd(h)any sums already collected from Borrower which excoeded �: '��
<br /> ptrmittod timits wilt be refundod to Borrower. Lender may choose to make this refand by reducing the principal owed ;:�
<br /> � under the Note or by making a dirtct payment to 8c�rrowzr.If a refund rcduces principal,the reduction will be treated as a
<br /> partial pr�payment without any prepayment charge under the Note.
<br /> , !3. LeaIslatfos A}Iecting Lerder's Ri�hts. If enactmtnt or expiration o!applicable laws has the tffect of '
<br /> rendering any provisian of ths Note or this Security Instrument unenforceabte according to its terms,Lender,at its option, � '
<br /> msy reqnire immodiate payment in inll of all sums secured by this Socurity Instrument and may invoke any remedies ` `
<br /> permitted by puagraph 19.I�'Lender eaercises this option,Lender shall take the steps specified in the second parAgraph oY '�''�
<br /> : paragraph il. �,•.
<br /> 14. Notke�. Any notice to Boc:-ower provided for in this Security Instrument shall be given by delivering it or by
<br /> _ ; ma:fing it by flrst class mail unless applicable law roquires use of another method. The notice shall be directed to the -'�,��`.`;
<br /> Property Address or any other addr�s Borsower dtsignates by notice to Lendcr.Any noticc to Lender shell be given by
<br /> first class mail ta Lender's address stated herein or any other address Lender designates by natice to Horrow�r.Any notice �
<br /> ' provided'far ia this Security lnstrument shall be dcemad to have ban given to Borrower or Lender when given as provided
<br /> in this puagrAph.
<br /> ls. Cyeraia=Lt�Se�ertbility. Thia Security lnstrument shall be governed by federa!law and ihe law of ehe
<br /> juefsdiction in which the Fraperty is locatcd.ln the event that any provision or clause of this Security lnstrument or the
<br /> Note canflicts with applicabls lew,such conftict shall not aA'ect other provision9 of this Security lnstn�ment or the Note
<br /> which can be given sffecl without the conflicting provision.To this end 1he provisions of this Security Instrumtnt and the '
<br /> � Note sre declared to be severable. �
<br /> 16. Hotrower's Cooy. Borrower shall be given one conformed copy of the Note and of'this Security Instrument.
<br /> 17. Tn�ter ot tJc� Y�o�erty or a Beneflcial leterest in Bonowet. IP all or any part of the Property or any
<br /> intetest in it is sold or tran�ferred(or iPa beneflcial interest in Borrower is sold or transferred and Borrower is eot a natural •
<br /> pttson)witheut:v,,ender's prior written consent.Lender may.at its option,req�ire imme:tiate payment in full of all sums
<br /> securetl6�r.�;�Security lnstrument. Kowever,this optian shall not be exercised by C�±r�tr if exercise is prohibited by
<br /> � fe�.erxf l�w as of the date of this Security Instrument. . __`__
<br /> jf Lender exescises�e3�is.qption,Lender sh�ll give Borrowu natice af s�a-.�irtatco�.'�'he notice shall provide a perind
<br /> �t:�at tess tsa:,30days fn;n��he date the notice isdNivered or mailed within HL<.i:n Borrawcr must pay ulf sums secured by
<br /> � this Securi:�;tn::Prument.IP Bonower fails ta pay these sums prior ta the expiration of Uti�r�ad,l.ender may invoke any �,
<br /> �emedies pe*mi?:ed by this Security lnstrument without further nc:ice or clemand�n Bonatw,. " '
<br /> � " , iS.Hwrower'r a'Zi�ir tv a�eia:taf�s. if Borrowcr meets certain candit'sons,Barrower shali hati-c the right to have � -
<br /> �s:C3retment oF this Security Instrumtni discontinued at any timr ptior to tR:earittr of:(a)5 days(or suth�ther periad as
<br />� � ��plictble law miy specify for reinstatement)bcfore sale of the Prnperty pursuant to 8ny power of safe contained in this �
<br /> 5ecurity Instrument;or(b)entry of a�udgment enforcing t6is Security pnstrumen�. "t'hose cond�tions are that Bonower:
<br /> (a)pays Lender all sum�which then would be due undet this Security lnstrvmen� an��he Note had no acceleretion v�
<br /> accurred; (b)cutes any default of any other covenants or agreements; (c)pays all eapenses incurred m enforcing this p..
<br /> 5ecurity Instrument.including, Au! not l�mited tv. reasonab2e attorneys' fees: and(d)takcs such action as Lender may ��
<br /> - retsanably require tn�ssure that the I�en di this 5xurity tnstrument, t,en�er s ngh�s �n the Property and I3nrrawer's
<br /> _- --- vDtrgatiun tn pay the sums s,.-suretl by this Sccutity Instrument shaU cemtmue unrhan�ed. Upo�i reinst�tement by =� ��'
<br /> Borrower,�h�s Securny Instrument�nd�he obl�gatruns secured hereby sh�ll remam fully efteetive as if nn ucceletation ha�1
<br /> � - uceurred 1{o��ever,th�s n�yht to re�nstaEt sh�ll nui npply�n tht casr of accelerahon under paragra�hs�3 ur I1
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