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<br /> � Ii'�,ender required mortgage insurance as a condition of making the loan secured by this Security Instrument, �
<br /> H�r.-�a�trr shall pay the premiums required to maintain the insusance in effect unti!sach time as the requirernent for she
<br /> . insnianc.e t�rminates in acsardance s�ritlf Borrower's and Ltndu's�ritten a�reement or applicable law.
<br /> 8. Ittspection. Leader or its agent may make r�easunabte entrits�pon and insp�ctions of the Prcperty. Lender
<br /> s3�a11 give Burrower notice at ihe time of or prior to an inspectian speciiping reasonable cause for the inspection. • _
<br /> • 9. CondemAtt[oe. 'Fhz procecds of any award or claim for darttagcs,direct ar consequential.in conneciion with
<br /> ' any cond�mnatinn or othec taking of any pa�[af the Propee�y. or for can•leyance in lieu of condemnation,are hereby
<br /> assigned and sh�ll be paid to Lender.
<br /> In the event of s total taicing af the Property.the praceeds sha11 be a�plied to the sums secured by this Seeurity �
<br /> Instrumrnt.whether or not then due.with any excess paid to Bonower.In the event of a partia!taking of the Praperty,
<br /> unless Bnrrower and[..ender otherwise agree in writing,the sums secured by this Security Dnstrumene sh31!be reducrd by
<br /> thc amount of ihe proceeds muitiplied by the foliowing fraction:(a)the tata!arr>ount of the sums secured immcdiately
<br /> 6efore the taking,divid�d by(b)fhe fair market value of the Property immediately before the taking,Any�salance shall be
<br /> paid to�onower. •
<br /> If the Propeny is abanduned by Bonower,or if,after notice by Lender to$orrower that the cond�mn�r offer� to
<br /> make an award or settle a claira for damages.Borrower fails to respond to LPnder within 30 days after the�ate tt�e notirx;s
<br /> given,Lender is autharized to ccllect aad apply the proceeds,at its option,either to r�storation or repair of the Property or
<br /> ' to the sums stcured by this Security Instrument,whether or not thm dur.
<br /> � Unless Lender and Borrower oiherwise agr�ee in writing,any appticalion of proceeds to principal shall noi extea�or
<br /> postpone the due date of the monthly pa}-�te�u referred to in paragraphs 1 and 2 or change thz aanount of such paym��s.
<br /> , 10. Borrower Not Released; Farbeannce By Leader Not a Wajver. Extension �f the time for payment or
<br /> � pnodification of amortization of the sums sECUred by this Secority lnstrument granted by Ixns�er to a�y successor in
<br /> , interest of Bonower shall not operate to rei�se the liability of the original Bonovver or Bflmouer's su:cessors i�interest.
<br /> Lender shall not be required to comrcceiace proceedings against any successor in interest e:: res'use to extend time for •
<br /> � payrreent ar atherwise rrnodify amortizatior�a�fthe sums secured by t��is Security Instrument h��e�sun of any demand made � .
<br /> by the original Borrawes at Borrower's se::,e�ssors in interest.Any fo�,ozarance by�,ensier i:�e.�:cising any right or remedy
<br /> shall not be a waiver of or precicuie the eaercise of any right or remedy....
<br /> 11. Suecasots and Assiges Bo�d;Joint autd Several Liabflity;Co-sigs�s. 7'���covenants and agreements of �
<br /> , this Security Insts�;.rr_ens shall bind and aeQ�6::the successors attd asss;��s of Lender and Bar�c�:er,subject to the provisi�ns .
<br /> , of paragraph 17.]B:�!-rower's covenants ard�:�*eements shall be joini and several.Any Bonfla zr:who co-signs this Sec�;as"rty
<br /> , Instrument but does not exe�ute the Note_!�)is ca-signing this Security Instrument only to mortgage,grant and ca�vey . '.
<br /> � that Borrotierer's interest in the Property un�er the terms of this Security Instrument;(b)is noi personally obligated to pay , .�;•;�
<br /> the sums secured�y this 3ecurity Instru:^-�a:._t;and(c)agcees that Lender and any other B�rrnv�er may agree to extend, •. •
<br /> modify,forbear r5r�ake any accommoda.ei.r,�with regard to the terms of this 5ecurity Ir.Er�m�nt or the Note wi2t�ant �
<br /> ; that Borrower's c�s�nt.
<br /> ' 12. Los�n Ctwrges. IF ihe loan secsred by this Security Instrument is subject to a faw which sets maximum toan -
<br /> charges, and that law is fina1:�� :^terpreted so that the interest or other loan charges collected or ta be collected in
<br /> . . connection with the loan e::�r�the perr;-_itted limits. then: (a) any such loan charge sh�SJ be reduced by the amount , -
<br /> necessary to reduce the charge to the per;:r,a:c�ed limit;and(b)any ss:.ms already eoltected fsrs;-i Borrower which exceedPd • —
<br />� permitted limits will be refc1.�'�d to Bc:r�»,s:.Lender may choose in make this refund�v r�ucing the principal o�:;c3 ��
<br />�. ! under the Note or by makin�a�Eitect pay�r.:•r-�:to Borrower.If:.refund reduces principal,the:�duction will be treated as a �r
<br /> partial prepaymeni without asr prepaymer.i sharg:uc�i�:r the Note.
<br /> ; 13. Le�slation Affecting Lendet's Ziighis. If enactment or expiration of applicable laws has the effect of
<br /> i rendering any Fr.:,^„yion of the Note or t!^�s'sc::urity Instrument unenfarceable accordin�to t:�terms,Lender.at its option,
<br /> : may require im�rn.diate payment in ful: ��all sums secured by this Security Instrumen� n-:��may invoke any remedies �
<br /> permitted by paragraph 19.If Lender exe-cises this option,Lender shall take the steps spec�:��:d in Qhe secand paragraph of .��.
<br /> paragraph 17.
<br /> 14. Notices. Any notice to He�rower provided for in this$ecurity Instrument s}:•a_'l be given by delivering it or by ���
<br /> mailing it by firs,t class mail unless aF�_'s'u��'ale law requires use of another methad. T�4 -��tice shall be directed to the �..
<br /> ' Property Addresa or any other e��res;1�,,,3rower designates by notice to Lcnder. Any r.��:i;�:to Lender shaU be given by
<br />: � first class mail to Le�der's addre-�s�s.r.��I�.r�in ar any other address Lender designates by:����cice to Borrawer.Any notice
<br /> provided for in this Security Tr:��erc-:e;:sr.;.''_be deemed to have been givcn to Horrower ar I,::nder whcn given as provided
<br /> in thisparagraph.
<br /> ' 15. Govet�.:ng Iaw;Sever�tbillty. This Security]nstrument shaU bc governcd hy:u3aral law and the lav�of the
<br /> ; jurisdiction in wl:�ch the Property is located. ]n the event that any,provision or clause of tn:;Security lnssrument o�tl�e
<br /> , Note conflicts with applicable Iaw,such conflict shall nat affect other prc�visions of thiti Securily Instrument or the Note
<br /> which can be given effect without the conflicting pravisian.Tc►this enc!the prnvisions ot'this Security Instrument and the ��
<br /> Note Are declared to be severable.
<br /> 16. f3orroRer's Copy. Borrower shall be given one conformed copy af the Note�ind nf this 5ecurity Instrument.
<br /> 17. Transfer ot the Property or 8 Beneflcial Interest in Dorrawer. IP all c►r any part of the Property or any
<br /> interest in it is sold or transferred(or if a beneficial interest in Horrower is s�ld or transferred and Borrower is not a natural
<br /> persdn)without Lender's prior written consent,l.cnder muy.at its option,rcyuire immediate payrnent in full of all sums
<br /> secured by this 5ecurity lnstrument. However, this option shall not br excrcised by l,ender iP exercise iy prc+hibited by
<br /> federal ls�w as of the date of'this Security lnstrument. � ;____-___
<br /> lf I,ender exercises this option.Lendcr shall give Borrowcr�ir,�ice af accelcrati�n.7he natice shall pmvide a perivd �
<br /> uf noi le.ss thar�:��days from the date the notice is delivered or mailc�c's within whieh F�c�rrower must pay all�umv secured by .
<br /> this Security lns:�:.ment.If Dcrmwer fsi;s to pay these sums prior to the expiration of this Feriod,Lendcr may invoke any
<br />. . . remedies permitted by this��:o:+.:ity la�tr�ment without further naiice c�r demand cm�orro:rer. � ,
<br /> 18.Hnrtower's Rtg6t to Reins;ate. lf�orrower meets certain conditions,F3nrruwcr ti6all have the right to h�ve
<br /> enforcement of this Sccurity lnstrument disc�ntinued s�t�ny time priUr tc�tf�e eariier�f:(dt 5 days(nr such other peric�d as �
<br /> � appGcable law may sperify for reinstatement)befare sale nf the Prc,perty pursuant t�any pnwer��f sale cimtained in this
<br /> Security instrmnent:or(b)entry of�s judgment enfnrcing this 5ecurity Instrument Those rnnditionc are that Rcirmwer: �.
<br /> (a) �ays Lend�r aU sums which then wbuld be due uuder this Security Instrument and the Note had no uccelcrat�un .t
<br /> uc:curred; (b) cures any drPault nf any nther ct►venants ar agrecment�; (cj pays all expenses incurred �n enf��rcm� this � ���
<br /> Seciuity /nstrument. including, but nnt limited tn. reasunabie attorneys'fees;and(d)ta1:eS tiueh acU�,n ati I.cn�icr ntay ��
<br /> reaSUns�hly reyuire tv�essure tle�! the lien nf this 5ecnrity lnstrument. Lendcr s n�htc�n the Prr�perly and Il��rrrnver� :
<br /> obl�gateon tn pay the sums secured hy ti�i�. 5ccuntv Instrument �h.�ii cnntinuc unch.�nked l'rnoi Eee�itit��trrncnt hy �, .=
<br /> I1r�rruwer,tt���Securily Ir�titrume�d acid thr c�bh�;ahum secured herehy shall rentam fui(y effrrtivc ac if n��ara�lrratum hxd
<br /> nccurred.Ue�ue�er,!h►c r�gh!ti.eeiustate tii�ail u��t apply ro Iite c,isr of ucceleratiot�undcr E�.�ra�;�aphti I±e�r i 7
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