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<br /> r �f L,c;s�..r re�ni;�r.co;tg�ge insurana as a condition of maicing the Ioan secored by this Secu�it�Epsttr��ttenY.
<br /> Borrav�er sholl pay the premiums r+equired to m�intain the insurance in effect until such time as the req�s.rc.mp�t fat.the
<br /> � i�surance�ermFnat�s in acs�rs+ance with Bosro�ret's as��f�ndrr's aritten agcrmtat as applicable tsw.
<br /> a. Iaqectlqe. Lender or its agtat msy make rasonable entriss upon and inspeetions of the Prap�t;;.Lctz�{�-,
<br /> � sha11 Sive Horro�vet rsotice at the tim�e of or prior to an anspeciian spe�ifyring reasonabls cause for the inspoctisr.ee.
<br /> � 9 Coilde+��stioa• 'II'he proceeds of any aw�rd or elaim far damagss.direct or eonsequenrial.in cQZ7.nSCF�tr;�;yviah
<br /> anY eand!emn�tion or other uidng of any part of the Proptrty,or for conveyance in lieu af�andrnanauor��as�her�by
<br /> _ assigned and shAll be psid to Lender. �
<br /> -- In the event pf a t�tal taking of the Froperiy,the ptaceeds shall be applied to the sums secused by zhct,,Security
<br /> Inswmeat,�vhathetr or not t�ten due.�vith any excess paid to Borrower.ln the evcnt of a ptrtial takistg of tht;Prmpert�r,
<br /> unlas Banowes and.�.cnder othenvise agree in writing,the sums secured by this Security Instruinrnt shaE3 t�e r�duced by
<br /> the unaunt of the procoods multi�tied by tbe following fractian:(a)tbe tota!arnount af tht sums secure�it��tMiately
<br /> before the taicing,divided by(b)the fsi�markei v�ue of the Property immediateIy before the taking,AnY @olai�+d$hAj�i be
<br /> paid w Bosroatr.
<br /> If she Property is abandoued by Borrower.or if.after notite by Lendr.r to Banawcr that the cv��.�n,e,�offers to
<br /> make an swud or settle a claim for damages.$orrower fails to respond to Lender within 30 days after;he�a�r,tixe notice is
<br /> �ven,Latder is authorized to colleca and appty the prqceeds,at its option,eithcr to restoration Qz repais pf thC;�rapeRy or
<br /> to the sums secvrod by this Sesurity Instrument,whether or not then due.
<br /> 1Jnless Lender and Barrower otherwiseagree in writing,any appticaaon ot'�roceeds 10 prinray�sh�l�tzoi extend or _
<br /> � postpone thedu�date of the monthly payments rsferred to in paragraphs 1 and 2 or ct�angr:thearau:w*�•f��'YUCh paymenu.
<br /> 10. Borsawer Not ltela�ed; Forbeuance Hy L.ender Not s� Walver. Extensian. a4 tht.tir�;,,far paymtat or
<br /> raodi&cation of amortiration of the sums securod by this Security Instrum.ns granted by Lend�.��t.a a.ifi,y.successor in
<br /> interest of Horrawer shall not operate to reJease the Gability of the original Banower ar Ba�r4wer'�su��ssors in iaterest.
<br /> Lender shall not be required tn commence proceedings against any successor an inter.e.st �r.�t!'f�c tio,extend ame for
<br /> payment or otherwise modify amortization of the sums secured by this Security instruFn:�rit.�5y r�s�cs.p�'any demand made
<br /> � �y the original Borrawer or Borrower's successors in interest.My forbearance by P.rnc�r:,r in�.xgrca�;r.g.�ny right or remody
<br /> st�ll not be a�raiva of or preclude the exercise of any right or remedy.
<br /> Il. S�ors�{Assi�ts 8o�d;Joint aed Se�era!L�bility;Co�ig�tet'�. The.covenant5�nd agreements of
<br /> this Security Instrummt shall bind and bene6t the suc;tssors and assigns of Lradr.r ar�,F�:r�wer,sub;est to the provisions
<br /> of puagraph 17.Sanpwer's wvenants and agreements shal)be joipt and severai.Any,i3�.7rnwu who co-signs this Security
<br /> Instrument but dces not exeeute the Not�:(a)is co-signing this Sccurity Instrument.anty to mortgage,grant and convey •
<br /> ' that Horrower's interest in the Froperty undEr the terms of'this Security Instrument;(b)is noi personally obligated to pay ' .
<br /> the sums securr.d by this Security Instrument;and(c)agees that I.ender and any other Bonower may agrce to extend.
<br /> ; modify.forbear or rraake any!accommodations with regsrd to the terms of this Securiey Instrument or tht Note without �
<br /> that Borrawer's consent. -
<br /> ; 12. Loa�CMarQes. If the loan socured by this Security Instrument is subjtct to a taw which sets maaimum loan �
<br /> cHarges, and thYt law is finally interpreted so that the interest or ather loan charges coll�cted or to be collected in � �
<br /> connection with the loan excood the permittod limits,then: (a)any such laan ehsrge shall be redueed by the amount .
<br /> necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which eacaded ;�
<br /> permittod limits wil!be refnndod tv Borrower. Lender may choase to make this rafund by reducing the principaE q�ed
<br /> under the Note cer by making a direct payment to Borrower.If a reEund reduces principal,the reduction will be treate3�a
<br /> putial prepayment without any prepayment charge under the Note. .
<br /> ' 13. LeQisl�tion ARe¢ting LendePs Rights. If onactment or expiratian of applicable laws has the effect of ;'
<br /> � rendering any provisi�n of the Note or tbis Security Instrument unenforceable according to its terms,Lender,at its opsion,
<br /> ' may require immediate payment in tuli of al)sums secured by this Security Insirument and may invoke any remedits �� .
<br /> permitted by paragraph 19.If Lendcr exercises tbis option.Lender shall take the steps specified in the second paragra��a af '
<br /> psrag�ph l7.
<br /> 14. Noticx�. An a Zatice to Borrower providsd for in this Security Instrument shall be given by delivering it or by ' ' �
<br /> �. ma�ling it by first class m�:l unless applicable law re:�;�cses use of anothor method. 7'he notice shall be direeted tu the
<br /> ' Property Address or any other address Barrower desigrates by nptice to Lender. Any notice to LenQer shall be giLeEi hy '
<br /> � fir�t class mail ta i.endsr's address stated herein or any other addres;l,ender designates by aat:i:e to Borrower.Any rd:ice
<br /> , provlded'for ie thi5 Security lnstrument shall b�damcd ta have be�n given to Aorrower ar i,���der wherc�}vtn as pr�vided
<br /> in this paragraph.
<br /> IS. Gq�erning I.sw;Sererabiltty. This Secar�ty lnstrument shal!be�overncd by federal law and the!aw os the
<br /> jurisdiction in whi¢h the Pr��rrty is located.ln the event that any provision oT clause of'th�s Security lnstrument ar the
<br /> Note conflicts wceh applicabS.'aw,suct�cr�.�flict shaU not affect other pravisions of'this Secc��ty Instrument or th�I�crie
<br /> which can be gz•zn e}tect wia�aout the c�.r��l•a:ting provision.Ta this c-^:d the prnv:sions af thi�Security lnstrument az�ti�e
<br /> � Note ar�declared to be seveaab!s.
<br /> �6. Borrower'e Copy. $orrower shall be gi�en one conforr.�ed capy cf'the Note a�d of this Security Inslrument.
<br /> 17. Tramftr of the Property or a Beneflciai lnterest�n Sorrower. If all ar any part of the Property a:any
<br /> interes!in it is so3d or transferred(or if a beaeflcial interest in Barrs:ver is sofd dr transferred and Bonower is not a,^,�r.;�ral
<br /> pe:s�n)witho�ai�,endcr's prior written consent,Lender may,at its aption,reyuire immediate payment in ful)of all sums
<br /> , sec�red by this Security Instsument. Hawever, this option shall not be exercised by ixnder if eaercise is prohibited by
<br /> — fe�irrat!aw as of the date of tbis Security Instrumens. --'°----
<br /> If Lender eaercises this opiion.Lender shalt give Barrower notice of acceleration.The notice shall provide a period �
<br /> c5-ot less than 30days from the date the natice is delivered or mail:d within which Borrvwe�:�ust pay all surns secured by ;
<br /> t:^:S.Security Instrument.If Borrower fauI�ta pay these sums prinr td the eapiration ef this�*�od,I.ender may invek;P any �
<br />___. :cmWies permitted bv this Security Instrument without further notice or demar.c�rn Hnr:�rx�e�, I
<br /> - 18.Horrower's Right to Reinshte. lf Horra:�er meets certain condiis�.s, Borrawer shal! hu�e c�:e right to have �
<br /> enYorcement of this 5ecurity Instrument discontinued at any time prior ta the esr;i�r oi:taj 5 days(or f.:�":vther per:x!as ��
<br /> � � applicable law may specify for reinstatement)befnre sale of the Prbperty pursuant to anp�cwer of sale contained:�.this �
<br /> Security lnstrument;or(b)entry of a;�W�.;Yent enfarcing this Security Instrurnent. Thosc c�nditions are that Borrower: �:�
<br /> � (a)pays Lender all sums which Ihen.uould be dtte u»der this 5e�:unty Instrument nnd the Nate had no Accelcrsition �,,
<br /> — occurred;(b)cures any dtfatfft of ar:y ather covenants or agreements; (c) payc all expenses insurred in enforcing this �co� -
<br /> ,_ Security Instrument, including, b;:t :xoa limited to. reasonable attnmPys'fees; and(d)tt�kes �uch action as Lender may �
<br /> . rt�isvnably rcquire to assure that t:.: 1-tn of this SeCUrity Instrumrnt. Lender's rtghts in the Praperty aad Horrawer's ' �':�
<br /> � obligatinn to pay the sums seeured ��y tfYis 5ccurity Instrument shall cnntmue unchanged. Upvn rctnstatemcnt by '` ��
<br /> ' Borrowot,thts 5ecunty Instrument and the obhgations serured hereby shaU remam fully effect�t�e�s�f nv acceleraucm had
<br /> , �; otcutted Mowever.this nght to reinstnte shalt nni apply in the case of��celeratwn undcr p�rugfaphti 13 e�r 17.
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