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<br /> � If Lxnder rer�red moztgage insurance as a condjtion af mal�ing the loan secured by this Security Instrument,
<br /> Borrower shall pay the premiums rcquired to maintain the insurance in effect until such time as the requireinsnt for the
<br /> -- insurance terminates in accordance with Boaower`s and Lsnder's written agreement or applicabte law.
<br /> 8. Inspecttas. Lerider or its agenc may make reasonabte entries upon and�iuspxtians of ti�e Prcperty. Lender •
<br /> � shalt give Bosrower notice at the time ofor prior to an inspectian specifyiag reasonable ca�:se for the inspection.
<br /> 9. Condeennatiaa. The proceeds of a�ny award or claim for damages,direct or c�nsequential,in connection with
<br /> � � any condemnation oi other taking of any part of the Property.or for conveyance in lieu of condemnation,are here6y
<br /> assigned and shall be paid to Lender.
<br /> , In tlse event of a total taking of the Praperty,the proceeds shall be applied to ttse sums secured by this Sccurity
<br /> instrumtnt,whether or not then due,with aay cacess paid to Bonower.In the eveat csf a partial takiag of the Property,
<br /> unless Borrower and Lender otherwise agree in wrhing,the sums secured by this Sec�.r�rx�tastrument shall be reduced by
<br /> ; the amount of the proceeds multiplied by the foll�wing fraction:(a)the total arezauat�f t�e�su�s secured immediately
<br /> beforr the taking,divided by(b)the fair market value of ihe Proptrty immediacely befo�r th;.ta�in�,.Any balance shall be
<br /> paid to Bonower. �
<br /> If the Property is abandoned by Bonower,or if.after noiice by Lender to Borrower thas the condemnor offers to
<br /> � make an award ar settte a claim for damages,8onower fails to respond to I.ender withiff s'�days after the date the notice is
<br /> ` givsn,Lend�is autherized to collect and appty the proc:eeds.at its option,either to r�tc�_�.tion or repair of the PropeRy or
<br /> ' ta tl�e sums secured b}ti�i�Secwity Instrument,whether or not then d�e.
<br /> Unless Lender��orrawer otherwise agree in writing,any applicatE�a of praeeeds to prineipal shall not e�ctend or �
<br /> � postpone the due date aF�:,e monthly payments referred to in paragraphs t��?�2 or c�a,u�e the amount of such payments.
<br /> � ; 10. Bonawu Not Releu�; Eotbearsnce By Lender Not a Waiver. Eat�on of the time for payrnent or
<br /> modification of amortization of the Sums serured by this Security Instrument grantr�by i.ender to any successor in
<br /> � interat of Borrower shall not operate ta release the liability of the originaa Hosrower oy 13orrower's:�;ccessurs in interest.
<br /> �.ender sha)! not be required to commence proceedings against any succ�sor in interest or r�ftt,�to eatend time for .
<br /> r�yment or otherwise modii'y amortization of thesums secured by this Security Instru�sent by re��i;�<;sany demandmade �
<br /> � by the original Borrower or Bonower's successon in interest.Any forbearance by Ixnder in exerusir.,;any right or retnecfy �
<br /> . shall not be a waiver of or preclude the exercise of any right or remedy.
<br /> . �l. Succeswrs and Asai�as Bow�d;Joint anQ Several Liability;G�signers. The cover�ac�ts and agraments of � ,
<br /> this Security Instcument hl�alt bind aad benefit thest�ccessors and assigns of Crx*_der and Borrower,subject to the provisions
<br /> of paragaph 17.Borrower:'�covenanu and agreements shal!be jaint ana��:�1.Any Borrower who co-signs tbis Security
<br /> Instrument but daes rtct�.s�ute the Note:(a)is co-signing this Securi►y In3trurr�ent anly to mortgage.grant and convey � •
<br /> that Bonower's inter�t i;�?he Prap�rry under the terms of this Security Irstrument;(b)is not personally obtigated ro pay
<br /> the sums secured by tf�i.���:rity Isstrument;and (c)agrees that Lender and any other Borrower may agree to extend, � �°
<br /> ' r.�odify.forbear or m:rk��-,y aceommodations with regard to the terms o:this Security Instrument or the Note without
<br /> tl:at Bonower's consent.
<br /> 12. 1Lo�n Cha�ges. If the loan secured 6y this Security Instrument is subject to a law which sets maximum loan
<br /> charges, aa�ihat law is finally interpreted so that the interest or other loan charges collected or to�e coll�cted in '
<br /> ' canaection wiih the loan eaceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount
<br /> � necessary to reduce tr:�harge to the permitted limit;and(b)any sums already collected from Barrower which exceeded •
<br /> ` permitted limits will L�:crfunded to Bonower. Lendtr may ehoose to make this refund by reducing the principal owed -
<br /> under the h�te or by making a direct paymen�t to Barrower.If a refund rec�uces principal,the reduction will be treated as a
<br /> • partial prepac.�rnent without any prepayment charge under the�Inte.
<br /> ; 13. Legielatic.� Affecttng Lender's Rights. 11'enactment or expiration nf�pplicable laws has tE:e�.:fxt of
<br /> � rendering any provisi�ru r��'the Note or this Security lnstrument un�enfor��i�?:according to its ter�r��,Lender,at its option,
<br /> � may ret�uire immediate�ayment in full of all sums Secured by this Secu:�ty Instrument and may ::zvoke any remedies ` ;,
<br /> � permiited by paragraph 19.IP L,ender exercises this oqtion.Lender shall take the steps specified in the second paragraph of .j�
<br /> � paragra�h t?. .
<br /> 14. Notices. Any notice to Borrower provided far in this Security Instrument shap he given by delivering it or by ��
<br /> � maiting it by first class rnail unless applicable law requires use of anot!*�r method. The rtotice shall be directed to the �;�
<br /> Property Address or anr�-other address Borrowcr designates by notice ta��,endcr. Any notice to I,ender shaU be given by . "
<br /> _ first class mail to Lender's address stated hcrein or any other address lpnder designates by notice to Boarower.Any notice '�
<br /> , pravided for in this Security Instrurr[ent shal)bc deemed to have been given to Borrower or I.ender when given as ptovided
<br /> in this para�raph.
<br /> ' 15. Go�ereing��►;Sever�blllty. This Security Instrument sha1Y h�c�ovemed by fedcral law and the law oP the
<br /> � J;�risdictian in whieh tfr.�Ptoperty is loeated. In the event that any pracision or ctaus:�of this Securitg•Instrument or the
<br /> iVote confticts with a�::cable luw,such eonflict shall not affect other�ro•:isions oP this Security Trstrument at the i�Tote
<br /> _ ; which can be given effect without the canflicting provision.To this end the pr�visions c�f this 9ecurity Instrumen,and the
<br /> Note arc d�slared to be sevcrable.
<br /> i6, Bortuvrer's Copy. 13onower shall 6e�iven one a�nfnrmed ccL�y aPthe Note and nf t��i,Security Iustrument. '
<br /> , l7. Traesfer uf t6e Pro�rty or 9 BeneflciA) Interest in $or�a�-t�t, iP al) or eny part t�f the Property or any
<br /> interest in it is sold or transferred ior if a beneficial interest ir Bcrrower i•y�.L•fd nr transferred and$crrc�wer is not a nntural �
<br /> perron)without Lender's prior written cansent,Lender mAk.�t i:s op::;,n,require immediate payment in ful!u!'ul!sums
<br /> seeured by this Security Instrument. Huwever, this option s'r,:ti r.�t bs ex�rcised hy i,ender if exercise is pr�bit-:ted by
<br />� federal law as of the date of'this Security lnstrument.
<br /> lf Lender exerciscs this apiion.Lender shall give Borrower aoticr cy�cceler��tion.The naticc<i:a!!pro.;Ce a period �
<br /> - af nnt less than 3Q days from the date the notice is dclivered or mailed within«hich Rnrrawer must pay�li cur.;s secured by '
<br /> this 5ecurity Instrument. lf B�rrower Pails to pay these sums priar to the exQiratian af this period,Lcnder ma��.�.-:nke any , �
<br /> remedies petmitted by thi�Security lnstrument without further noiite nr dem�nd on Aarrower. '
<br /> _ . 1lt:Mstrc+wt�'�F�!*_�R��*_a IF II4F�fltYer tneesi cert•sisc rs,ndisic:r��.E3:�trutees sl�s!!tsavr thr ri�ht�cs h�vc - �
<br /> enfvrcement oP�his 5ecuriry Instrument disc;ontinued at any time ptior to the earlicr af:(a)5 days(ar such nther period as �
<br /> applic;�ble law may spccify for rcinstatement)before sale of thr Property pursu�+nt tc�any pc�wer oF salc c�nt�incd in this
<br /> � � Security Instrument;or(b)entry of a judgme��t enforc�ng this Secusiry Instrumsnt.7'hose conditions arc that Harrower:
<br /> (a) pays Lenrier atl sums which then would �duc under this Security Instrumcnt and thc 1�3otr had no arceleration �
<br /> ckcutred: (b)cur�s any eicPault nf any dther ec�senants or �greements; (C)�1Jy5 all expensrs it►curred m enfi�rcing this t1
<br /> 5ecurity Instrument, including,hut nnt iitnited t�ti, teasonable attorneyc'4'ees: and(d) takes cuch�iciii�n ns l.endet n�ay ��
<br /> r�7wnably teyuire t�►.�csure that the Icen of'this Serurity inslrument, i,e�nder's �igErts in thc Yraprrty and 1lurrrn�•er's
<br /> -__� �bligattnn to pay the suntt �C�ured hy this Securit} Instrurnen! �hall cnnt�uue unchan�etl. t��uu scii��talens€nt hy -, ,.
<br /> Ik�rrnwer,thi�Srcun[y f►,Stru�r�rut a��J thr�,fitigutiuns cccurcd hercby Shalf rcrnau�fully�ffcctivc as if iio acccieratecm had
<br /> - ��cc;utred H�tib•evet,thiti riEtht tE►rei���tutt Shal!nnl�pply sn th^catie c+£a�ceteratinn under�arat�n�ph4 1�e�t 17 �
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