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<br /> r ' If Lender req�irrd mortgage insucance as a condition of making ihe toan secured by this Sccurity Instrument.
<br /> 1 Borrower shall pay the premiums required to maintain the insuranct in eflfect until such ticQe ac the requirement for the
<br /> insurance terminates in accordartce with Btjnowet's and Lendcr's written agreement or applicabte laa.
<br /> 8. Inspectloa. Lender or its agent may make ressonable entries�upon and insgections of the Prcperty.Lender
<br /> , shall give Borrower natize at the time of ar.prior to an tnspection specifying reasonabte cause for thc inspectian. .
<br /> 9. Cundennnatioa. The praceeds of any awazd or claim for damages,dire¢t or consequential,in connection with
<br /> : any condemnarian or other taking of a.tay part af the Property,or for conveyance in lieu of condemnatian,are hereby .
<br /> assigned and s_haf I be paia to I.e�der.
<br /> j In the event of a tvt�7.�aking of the Praperty,the praceed.s shall be applieti to the sums secared liy this Security
<br /> Inst.rusnent,whether or n�t tF�n due,a�th any exeess paid to IIorrower. In the event of a partial talang oFthe Propetty,
<br /> untess Borraw�r.:�atd Len�er otherwise agree in writing,the sums��:ured by tbis Security.Instrument shall be reduced by
<br /> the ama�nt aE�:)*.��cce�_:..s multiplied b}the following frac�,¢:i3)the total amount of the sums secured immediately
<br /> : ' b�fore the ta�ct����:�i:;��Lu 4b)the fair m�rket value aFthe Pro�;r�ty immediately befbre t6e taking:Any balance shall be
<br /> ga*_�to Bortc��.. •
<br /> . If the���erty is abandoned by t�orrower,c�if,after rc��:e by Lender to Borrower that the condemnor offers ta
<br /> , �make an awarw�settle a claim for d��s,Borrower fails Eo��and ta Lender within 3fl days after the date the notiee is
<br /> given,Lender is authorized ta cali�c:,u���'.��ly the proceeds,at its o�tion,either to restoration or repair of the Property or
<br /> � t�r�e sums secured by this�a�.*:;s��m:�,.-•e^�aent,whet�ar or nat then due. � ,
<br /> , � Untess Lender ana.1�:r:Wwer c::erwise agr���-riting,any appli�ri�s¢�of proceeds to principal shall not eatend or
<br /> �il�3:iethe duc date of*_�2��nthly ga�:�ent�ref�rad~�in��s�graphs I:�d 2 or change the amount of such p�yments. - ".�� .
<br /> 10. ���er No# R2lensed; ���r.�earance ��:,��e.r ',i}�.r.a Waiver. Extensian of the time for paym�t or '
<br /> rr�adi�i.a�J.� �`:�.r-.t3rti�ation of the sirms secured Fz��.:s�,:;.��•.Instrument granted by Lender to any succes�cr*� .
<br /> 4^_�':�<<f��.'R'G_r1�S�!wti�a operate to release tke�:����s..a°�:,���:iginai Eor;-ower or Borrower's successocs in in.eres�.. � .�
<br /> �.�������.!_-i:^e .e�{uw��o commence proc3a:`._-��z_:.:�.2.zy succ�sor in interest or refuse tn extend time for �.
<br /> , ���..,.ent or�:�=��.-.rdu..�'�w�,-nortization afthe sW-�s s�;.�.:i":..'r�ig�!-.�s Secnrity Instrument by reason af anydemand made �
<br /> t�the origirLll G��r��er�:,r B�?;pwePs��;.::zssors�T'_i`��t.�n��:,:�earance by Lender in eaercising any right or remedy
<br /> s�not be a wa;��er ef cr�r�cr�de t�:e���r�ise of ars J r:�st ar r�a.,�-�. , ,
<br /> 11. Saccessors��`i�igns Bouad;Joint a�d Several�bility;C�•aigners. The covenants and agreements of "
<br /> tI�>Security Instrument s�af.�bind and benefit the suc��sors and assigns of Lc�tder and Horrower,subject to ihe ptovisions
<br />, � of paragraph 17.Borrower•s covenants and agreements shall be joint and severul.Any Borrower who co-signs this Security '
<br /> � Instrument but d�es not execute the Note:(a)is casigning this Security Instrument only to mortgage,grant and convey .
<br /> that Borrower's interest in the Praperty under the terms of this Security I�strument;(b)is not personally obligated to pay
<br /> the sums secured by this Security lnstrument;and(c)agrees that Lender and any other Borrower rnay agree ta catend, � �
<br /> ' modify.forbeae or make any accommodations with regard to thc terms of this Security Instrumcnt or ihe Note without
<br /> that Borrawea'scons�nt. -
<br /> ' 12, Loan Charges. lf the loan secured!sy this Security Instrument is sublect to a law which sets maximum loan
<br /> charges. and that la��u is fij�ally interpreted so that the interest or other loan charges collected or ta be collected in
<br /> connectian with the laan exceed the permitted limits, then: (a)any such l�an charge shall be reducfd by the amount
<br /> ` neces,sary ta reduce the charge to the permitted limit;and(b)any sums already eoltected fram Borrower which eaceeded �:._
<br /> ' permitted limits will 6e refunded to Borrower. Lender may choose to make this refund by reducin6 thc principa!owed
<br /> under the Note or by making a direct payment to Borrower.If a refund reduces principal,the reduction wi11 be treated as a
<br /> ' partial prepayment without any prepayment charge under the Note.
<br /> : 13. Legisl9tion Afiecting Lender's Rlghts. If enactment or expiration oP ap�Jicable laws has the effect uf
<br /> . rendcring any provisi�n aE r.he Note or this Security instrument unenforceable accordinR to its terms.I.ender,at its option,
<br /> may require immediate p•:�ment in full of all sums �esvred by this Security Instrument and may invake any remedies ``}
<br /> ; permitted bv f,:�;��raph 19. IPl.ender exercises this o�lion,Lender shall take the steps specified in the secortd paragraph af ��
<br /> paragraph 17.
<br /> ' 14. 1\'otices. Anv r.otice to Benu:aer provi��d for in this Security Instrument shall be given by delivering it or by � '� �
<br /> ! mailing it by firsi class mw�L unless app;ic��1e I�aw r..auires use of another method. The notice shaq be directed to the � �
<br /> ± P¢�z�erty Address ot any�tTM:r address Borrowe��.:.:3nates by notice t�Lender.Any notice to Lender sh�ll be given by
<br /> Fr��elass m�ii r.,x i.ender's addres.s stated herein c Y.:-y other address Lender design�►tes by notice to Rorrower.Any notice
<br /> prcvided for ii�c�:is Security Instrument shaU be dc:zned ta have been given to Dnrrower or Lcnder when given as providrd
<br /> in chis paragraph.
<br /> 15. Governing Iarv;Severabiltty. This So:�ueity Instrument shall be governui by fedcra)law and thc law af the
<br /> jurisdiction in which the F`ropeny is h�cated.ln tlr;:event that any provision or cls+use of this Serurity Instrumcnt or Ihe
<br /> Note conflicts with applicable law,such conflict shall not affect oth�r provissons of this Security Instrument ar the Note .
<br /> which can be given effect withaut the conflicting provision.To this end the provisions of'this Security lnstrament and the
<br /> ' � Note are declared to be severable.
<br /> 16. Borrowet's Copy. Borrower shall 6e given one carifarmed capy of thc Notc and i�f'thi�5ec;urity ln�trument.
<br /> I7. '!'ransfer of the Property or a BeneRci�l Interest in Borrawca 1P all ar any part c�P the Property or any
<br /> interest in it is sold or transferred(�r if a beneficial interest in Borrower is sold or Irt�nsferrcd and U�rrawer is ncri a nalural
<br /> l►erson)withaut Lendet's prior written consent,I,ender may,az its aption,reyuire immafi�te payment in full of 311 sums
<br /> secured by ttt�.3 Security Instrument. I�f�,-uL-w•er, this option s ye::not be exercitcd by l�;nder if cxtrcise is prc�hibited by
<br /> federallaw�.scfthedateofthis5ecur�tyi:�,�e:,�ment ' -_-__---
<br /> dP Lr:i�_tit exereises c)Tis�ptiota,F�::3�r shs�l�.ti:4�crrc:��;fibilCE Of iICCCICidf10I1.The notice shall provide a period '
<br /> �,fir��;c i�°�sth:n 3Q days from tae date th<<r.>:ice is 4�ri.crrd or maticd wilhin which borrower must pay aU tiums sec:ured hy ,
<br /> ti;�s S�csrit}� i:m_rrument.lf Borrower f�if:;t�pay these s�ms prie�r to the expiration of'this periad,l.rndcr may invukc�iny j
<br /> rezrse�ies pernTitG:dby this Security Instrument withaut further notice or demand nn Harrowcr.
<br /> 18.Rortnwer's Iti�h�to R�*.�,*.� !f I�arre�„et meels cxttuin cvndisians.$�rrc:ucr shal!have the r��ht tc�I}avc � �
<br /> enPorcement nPthis Seeurity lnstrument discontinueci at any time prior to the carlier nf:(a)5���yti(�r tuch��Iher prri�d as {�
<br /> � applicable ldw niay spccify for reinstatement)befvre sale of'the Property pursu�nt to any ruwer uf sale cc�ntained in this i �
<br /> Ses:urity lnstrtiment:c►r(b)entry of a judgment enforcing this Sccurity Instruntent. 'Ch�nc cunditinns i�n that 13�►rrowcr. ��
<br /> (a) pays [�nder atl sums which then would be due undtr this 5ecurity {nstrument and thr Note had uo uccelerution .;�
<br /> uccurretl: (b)cures any default of�ny ather covenants ur agrcementti; (c) payS aU cxpenres incurred in enfi,rc�ug thts �,p
<br /> 5ccutity Itti�trument, mrludinp,. hut rrot lunited 1��,reasanablc att�rneys' f'ees;�md(d)t:ikc�tiuch sictum ati I,ender rn�y �i�1+
<br /> reasnnahly ceyuire t�ti as5ure th�t the lien af this 5ecutiry lusttument. Lendei'�nghts ttti tiie 1'rurerty and i�orn,�cer'c �•' �✓
<br /> c+bli�;��tturr tt� pay ihe sums sccured by lhis 5ecurily lnstrwne�i! tiha!! c<,r�Unue �inchartigc�f l/pt+ci rein�ttetetnri�t hy '`' `
<br />• Hnrruuer,tt���Srcunty In�ttw►lent a►tJ tl�e e�b)tgah�ms secured hereby�h�ll rrmau�fully cttecuve.►��f nn acceterutu�n h.id
<br /> ���c•arrrd.HE,wcver,thia nght t�.rrin�tt�te whall nut appl�u�the rase i�Sacceicr.duy��undcr��,.�ta�tr��rh�t���r 17
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