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<br /> � tf Lender required mortgage insurance as a condition of making the loan secured by thi§Security Itistctsment.
<br /> — �onowet shall pay [he premiums required to maintain the insurance in effect until such time as the requirement foc the �
<br /> irsura�ca termirtat�s in accardance with Barrower's and�.endes's wtiEtat ageement or apptic�bie Iat�.
<br /> 8. Inspection. Lender or its agesi may make reasonable entries upon and inspections of the Progerty. Lender .
<br /> shall give Borrower motice at the time of or prior to an inspection specefying reasoaa6le cause for the iflspeeTion.
<br /> 9. Condemnatioa. The procs;eds of any award or claim for damages,direct or canseqeential,in connection with• �
<br /> � any condemnation or other taking of any part of the Property, or for conveyan+ce in lieu of condemna�tion,are hereby.�
<br /> � assigned and shall be paid ro Lender. • • . �
<br /> �' In the event of a total taking of the Property,the proceeds shalt�e applied to the su!ns•seae�ued by this SecuriE���. �
<br /> Instrument,whether or not then due,with any excess paid to Borrower.In the event of a partia3 t�king of the Propert}��� �
<br /> unless Borrower and Lender otberwise agree in writing,the sums secured by this Sec�rity Instrumant shall be reduced�+y '
<br /> the amount of the praceeds mulpptied by the following fraction: (a) the totai amouni nf Rhe su�s sectared immediate�3• : '.
<br /> befote the taking,divided by(b)the fair market value of the Property imm�iately bcfare the taYsi��.Any balance shal��: � . � . .
<br />_. paid to Bonower. - . '. ' '
<br /> If the Property is abandoned by Borrower,or if,after notice by Lender to Burrower tl�.t t��c:andemno*off�tp : �
<br /> make an award or settle a claim for damages,Borrower fails to res�ond to Lender wittiin 3�days;ifrr'..�ihe dat�ch�rrAtice is �
<br /> given,Lend�ris authorized to collect and apply the procee�s,az:ts option.either to restaration ur ri�.:�of the�'m�erty a�
<br /> to the sum.s:x�a�red by this Security Instrument,whether or not zhen due. , � '
<br /> ' Unless�.end�r.�c�Borrawer otherwise agee in writing,any applicarion of proce�ds to princiFa15ha11 not extend ar. ' .
<br /> � posYpone the due Qatpr;;'r,he monthly payments referred t�in paragraphs 1 and 2 or change the amount of such payments. ' '
<br /> �� 10. Borrower �ot Reteased; Forbearartce By i.ender Not a Waiver. Extension of the time for payment or
<br />— ,` modificarion of atnortizatian of the sums secured by this Security Instrument granted by Lender to any successor in �` ' ' �
<br /> •��r+ interest of Barrower shatl not operate to release the liability of the original Borrower or Borrower's sw.cessors in interest.
<br /> . Lender shall not be reqir;:�ed to comraence proceedings against any successor in interest or refuse to extend time for '
<br /> � payntent or otherwise rr��fy amortization of the sums secured by this Security Instrument by reason of any demand made
<br /> � by the ariginal Horraw�-��r�orrower.'G suceessors in interest.Any forbearance by Lender in exercising any rightnrxemedy .
<br /> ' shallnatbe�:�vaiverofr��;.ecta.�i�t.-�_*e•zxerciseofanyrightorr.Emedy. .
<br /> � 11. G'r�eressars.:=.�.��1'�ound;Joint utd Seve�f Lia6ility;Casigners. The covenants and agreements of
<br /> this Securitti°�r��tn:mer�:�.�il bind and benefit the successnrs and assigns af Lender and Bonower.subject to the provisions
<br /> of paragsap�.T 1.Borr4:w�'s covenants and agreeme�nts shall be joint and seti�cral.Any Borrower wi��e;o-signs this Serurity
<br /> Instrument�;t does na:�r,ecute tha h`ote:(a)is casigning this Security Instrument anly to mortgage,grant and canvey � .
<br /> that Bono��i s interest in the Prag�y under the terms of this Security Instrument;(b)is not personally obligated to pay � �
<br /> the sums secured by this Security Ir.s�rument;and(c)agrees that Lender and any other Borrower may agree to extend, - .
<br /> modify,forbear or make any accommodations with regard to the terms of this Security lnstrument or the Note without
<br /> that Borrower s consent. �
<br /> • 12. Loan Charges. If ahe loan secured by this Security instrument is subject to a law which sets maximum loan
<br /> charges, and that law is fin�Ily inte[Freted so that th� interest or ather loan charges coltected or to be collected in
<br /> ; connection with Ihe loa.,n eacee� tr.e rermitted limits,then: (a)any such loan charge shall be reduced by the amount •
<br /> necessary to reduce the r.l�.rge to ttie permitted iimis;and(b)any sums already coUected t�om Borr��wer�vhich exceeded =
<br /> permitted limits wiH br�4f,:nded to Borrower. Ler,cier may choose to m�ke this refund by reducin�the principa)owet] ;
<br /> under the Note or by rr�;���_:ag a direc!�ayment to Borrower.lf u refund reduces principal,the redu.ti�;a wiU be treated a�s a
<br /> �:artial prepa�•mer:t avi�`�out any pre�_;•rnent charge under the 1lT��te.
<br /> , 13. F'�;�,i;lutin�a Afteeting 1'i.ender's Rights. If enactment or expiratian of applicable laws has the effect of ; ;
<br /> ceaderine sc�4 p:�;t�r��an�:r'he Note or this Security l�strument unenforceable according to�ts terms. Lender,at its aptian, '. r.'
<br /> � r.iay require i;nrnedi�re�,�:��nt in full of all scims secured by this Security Instrument and may invoke any remedi� , �.
<br /> �ermitted bti �aeagrapil t�%.s'f Lende�exercises tl:�s aptian,I,ender shall take the steps specified in the second paragraph of �`j�
<br /> paragraph I":
<br /> 14. "a otiees. Any notice r��CtLrrower provided for in this Security Instrument srall be gicen by deliveri<<g tz or by ' �� `
<br /> mailing it by first class ,rai1 unless applicable law requires lr.:s:of another method. The notice�i�alt be directed to the
<br /> - Property Address or a�t_ ���her address Bormwer designates by tlr�ti,,�to Lendrr. Any notice to I.ender shall be given by �
<br /> first class mail te Lender s address atztrd herein or any other ad�ir�:�;�Lendec designateti by noiice to Bnrr�tver.Any notice
<br /> . pravided form.shis Security lnsttumcnt shall be deemed ta ha��lieen given ta Borrower ur Lender w hen given a��rovided
<br /> , in this para�r3ph.
<br /> 15. Governing Iavr;Se�erabiljty. This Security Instrument shall be governed by federa!lativ and the law of ihe
<br /> jurisdiction in which the I�ropeny is located. ln the�event that any provision or clause oP thiy Security Instrument or the
<br /> , Note conflicts with applicable law,such conflict�hall not affect other provisions of this 5ecurity Iii�trument or the Nate
<br /> � : whieh can be given effect without ihe conflicting provision.Tv this end the prov�sic�ns of this Secur�ty lnstrument and the
<br /> , Note are declared to be scverable. �
<br /> 16. Borrower's Copy. Bnrrower tihall be given one confnrmed a�py af'the Nnte:ittd of thic Security Ir�t;ument.
<br /> 17. Transter of the 1'raperty ur e Deneficial l�.erest in Borrawer. If all �,r a»y� part of thc Yri�peny cu any
<br /> interest in iR is sold or transferred(or iPa beneficia)interest in Borrower is sold or transferred and tiorrower is nat a natural
<br /> � person)without Leiider's prior wntten c�nsenl, L.ender may.at its�ption.reyuire immcd�ate payment in ful!of al)sums
<br /> secured by this Security lnstrument. Hc�wever, ehis aption shal! not he ene�cised by l.ender if exercise is ptnhibitcd by
<br /> _ federallaw as of the date of this Security tnstrument. . � - -�
<br /> If'Lender exercises this option,Lender shall�ive Horrower nutice uf arccleratiun.The notue shall�+rovide a�cri�rJ �
<br /> � o f not less t han 3 0 ddys frarn t he date the notice iti delitered ur mailcd w�thm�ihtch i3orrvwer mutit pay all sums tiecured by ,
<br /> this Security Instrument.If Bonciwer t'ails ta pay these sums pnnr tn the expir,�tton nf'thit per�od,l.ender ma�;rovuke any
<br /> — temcdies permitted by this 5ecunty Insirument withc�ut further notice or demand ar�Hnrrnwrr. ;
<br /> -� I8.Borrower's Right to Rcinstate. If Borrouer rneets ccrtain ct�r�d�ti��r�s. Hurruwcr shall h�vr tite r��;ht tu F�ave
<br /> � enforccment af thiti Security Instrumem disroutinucc!at any hme pr�or tn the eariter of:(a)S dayti t�,r�uch otGer reriud a. Y
<br /> I �pplicable law may tipec►Py f'ar rein�tatementl before salc e�f Ihe Property pur�uant tu.�ny pou•cr i�s.�i<<�,���,,�t,«i��� �t,��
<br /> Securtty In,lru�nent;��r(h)entfy uf a judgment rnfc�scing t6n Serunty Intitruu,rnt t hn.c rvmlitumti arc lhat Ncnm�c�r� ��
<br /> � !u) payti I,rnder ai� wmti whtch then wuuld he due under th�ti S�cur�ty Intitrwnen; .iuct the N„tc had nu .�cc��ler,�u��si p.,,
<br /> accurted. (h� curr� auy �ief�ult uf atry e�iher covcnant�ar agretrt►ent�. lel payti all etipe►»r. iu�urErd ni e►ite�tcu��: lh�� ' �tD�
<br /> � Se�unty Ir�y�rurrtent. �nclud�nE�. hut n��t lim�te�1 tv. reau�t�able att�m�cyti' fc•c� au�f I�:►taf��� ,u�f� :s_n���� .�, I cn�ler m.iy �
<br /> rr�tionahty rcyu�re tr►a��vre �Itat the (�rn e•f th�4 5erunEy Insttitmcnt. I.sni!cr'; n��hr: �e� th� 1'r� ��e•rt} nn,t N��r<<,urr'.
<br /> ' nfii�ganar� t�. ��sy ��se Sutn� Secored by fh�ti 5ecur�ty tu.trucneut �ba1f ���ut�:�u�• «���I�auE�al t �„u Ic'NI.F.IICIi1Cl1( h� -` .
<br /> Et��►r���.er.ftllti�CLllfll� [n.trui�v.t�►;utdthe��l+hgttlu���tsc�ureethercb} tih.�lf serF,.u�� IuUr'cft�ectnr:i.it n���+:•.el��i,�ti�m h,ui
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