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<br /> _ � ;:�:�uurr reqaira�aaaztgsge ii�urance as a co�ition of making the ioan secure�by shis Security Inst�rumen� �
<br /> — Borrawer shall pay tt:e preaniur.�s,required ta maintain the insurance in effect until such time as the requiremrnt for the � ,
<br /> inssua.3ce temusiates i�r.�ccstdare��vit�$osrawcr's and�.ende�'s writtea a,greeraem or app&cabte law. �
<br /> 8. Iaqectloa. Ltrtd�r ar its ag�t may auke reasanabte entries upan and inspestions of tbe Ptoperty. I.ender
<br /> shall pve Bc+rtawer nousa at t�tsr+,��¢f nr�}rzqr to an inspection specifying reasonable cause fos the inspection.
<br /> � � 9• �a�de��tiea. T1ie prr,�otfs�F�ny award or slaim for damages,direct or conseq�uential,in connection with
<br /> sny condemn�tion ar oth�r t�iteg�f�,�-,,;�e of the Property.or for conveyance in lieu of condemnatian, are haeby
<br /> assigned ated shall bt g�id ta LendGr. .
<br /> -- � In the event of a�to*al taicie�g,u;'�he Praperty.the pracceds shall be applied to tht,sums secured hy this Security
<br /> Instrumrnt,whethee or not thtn du�,,�th any.e�cEess paid to Horrower.In the event of a partiat taking of the Pmp,crty,
<br /> unless Borrower and�.snder ot�h:rwis�agree in writing,the sums secured by this Security Instr�ment shall be redused by
<br /> ; the amount of the praccads mvJ�ptir,A by the following fraction:(a)the total amount of the sums secured immediately
<br /> . 6efore tbe taking,divided hy�t�&hi;fa�r mar�cet value of the Property immediately before the taking.Any.balar;ce��a!!be
<br /> paid to Borrawer.
<br /> If the Property is abaadnne,si�W.�dorrower,or if.after nouce by Lender to Borrawer that the candemnor o�ess to
<br /> mafce an 7tward hT s�stIc a ctajia£�r i3at�iages,Bosrower fails to resgond to Ixnder within 30 days afte�the date thc aotice is .
<br /> � given.I.ender is aut�riz�d ta c�n17�,�!�Ad.apply t�e proceeds,at its o�stian,either to restoration or re��ir of the Praperty or
<br /> - to ihe sums secured by thi,Seeurity Ict;,�rument,whether or not the�ee du� �
<br /> � Unle;s I.endei and$ocrawt.t qt�srwise agce in writing,a�y appliration of�roceeds to princip,.�s�all not tr.t�zfl or
<br /> postpone th��u.�tlaie of the ma�ntl��;r,p�yments refcrred to in p�agraphs 1 and�or chaa�e the amount of such pag��r:ats.
<br /> - 10.:,&csowir Nat.Refe�;-,Fmrbeuance By I.eader 11Tot a Waiver. Exterz�� of the time for payrr.ent or
<br /> " modihcanon'9f qm�rt�z�►ta�n,P�:tL4 sums secured by this Secaxrity Instrument grante3 by Ltnder to any succrssor in �
<br /> interest of Borr�wer shall nQ�:qp�tote to release the liability of the origin2J Bflrrower or Borrower's saccessors in interest.
<br /> Lender shall nat be rcrjuirtd«.commence Qroceedings against any successor in int�t or refnse so eatmd time for �
<br /> � payment or qiberwjse.cn�if,�,eirqt,tizauon of the sums secured by this Security Inssrurr_:��.by reason of any deman�+rnade
<br /> by the original Borsower or 1�rj�,F,��'s successors in interest.Any farbearance by Len�eerd�s exercising any right or ser*iedy � ,
<br /> shal!nat 6e a waiver of qr��;r.�dut�p ttze exercise oPany right or remedy. ' ,
<br /> 11. S�ecaw�s,�eti.A�si�ns Bonnd;Joint�ad Serer�l Lisbility;Co-sign�rs. The covenaa�.sr�nd agrammts of
<br /> this Security Instrumettt�hall l�ind and beaefit ths suczessors and assigns of Lender and�orrower,subject to the provisions
<br /> - of paragraph.l7.Bonower's covenants and agrame�ts shail b�j�int and several.Any Borrower who co-signs thi�Security
<br /> Instrumtnt but�ioes not execute the N�te:(a)is co-signir.g this Security lnstrument only ta mortgage,gant an�.,onvey �
<br /> that Borrowet's�nierest in the Property undtr the terr�s of this Security Instrument;(b)is not personally obligated to pay � �
<br /> the sums secured by this Security lnstrument;and t��2gtees that Lender and any otfier Banower xnay agree to eactend, ,.
<br /> modify,forbear or make any accommodations aith regard to the terms of this Security Instrument or the Note without
<br /> that Borrower's consent.
<br /> 12. Lo�a CLar�es If the loan secured by this Securily lnstrument is subjcct to a!aw which sets maximum loan
<br /> chsrges, and elaat !aw is finally interpreted so that the interest or other toan charges collxted or to be collected in -
<br /> � connection with the tvan eaceed the permitted limits,then: (a)any such loan charge shall be reda:�si by the amount
<br /> nectssary to rad�:ce the charge to the permitted limit;and(b)any sums already collected from Barra�es which eaceeded ; �
<br /> permitted l�;i�5 wiU be refunded to Borrower. Lender may choose to make this refund l;�y sai`.�:#�_g the princi�:�l awed
<br /> undsr the I�iatc�3 by making a direot payment ta Borrower.IPa refund reduces prineipal.tFie c���:,:taon will be er�t�as a
<br /> partial prep�}r��t withotit any prepay�ent charge under the Note.
<br /> 13. Le�islatio� Aialftctieg Leader'9 Rigbts. IS cnactment or expiratian of applica�::�la��s has the effect of ;
<br /> rendering any provisior�a5�he Note or this Security Instrument unenforceable according to its tem.:s.T.ender.at its option, . ,.
<br /> may reyuirt immediate payment in full of all sums secured by this Security lnstrument aa�r�nay invoke su:4-gemedies :
<br /> permitted by paragraph 19.11'l,tnder e�ercises this option,l,ender shaU take the steps sp�„„`.d�a the secon�pa:s3=aph of ���.
<br /> , paragraph t 7.
<br /> 14. Notica. Any notice to Borrower provided for in this Security Instrument st:a��'�e�,;���:�y delivering it or by ��
<br /> mailing it by first class mail unless applicab9e law requires use of another method. i i:�e s_�r.:�;e shall be directed to the
<br /> _ Yroperty Address or any othor address Borrowes designates by notice to L.ender. An;�c c.;:�to Lender shall be given by
<br /> flrst class mail ta Lender's address statecl htrein or any other address Lender designates C�-notice to Horrower_Any notice
<br /> provided'for in this Security Instrument shall be deemed to have been given to Barrower c�r L.ender when given as provided
<br /> , in this paragraph.
<br /> iS. Cp�ernieg I.a�er,Severability. This�curity]nstrument shall U�:gaverned by federaI taµ:and the law of the
<br /> - jurisdiction in which tht�coperty is located.In t�::event that any provisian or dause of this Security lnstrument or the
<br /> - Note conflicts with app!scable law.sc�cti sonflict shall noi afFtct oiher provisions of this 5ecurity Instrument or tfe Note
<br /> which can!re gi�:sn effect without tl:e a��:�Picting{;�ovision.To this end the provisions of this Security lnstrurr.rnt�r�the
<br /> Note are dec�zra�to be se.erabte.
<br />' 16. $arecwe�'s Ca�. Sorrower shalt bc�,i:vsn one conformed cn�y�of the Nate and of this Security da,tr�ment.
<br /> ' 17. Traiester of Bre p'ropert±r or�Btneficial Interest in Horrowec� If ali ar any part of'the Praperty c�r any
<br /> interest in it is sold or transferred(er if s tseae6cia4 interest in Horrower�s u�td or transferred and Horrnwer is nct a r�.�tural
<br /> petson)without Lender's prior writter���r,se:.t..�,ender may,at its option, eequire im:r:ediate p�yment in ful!cf all sums
<br /> securtd by this Security lnstrumen2. C�f�3weser, ci:s opt�on shaU not be excrcised by Lender if exercise is profi�[;ited by
<br /> federal taw as of the date of this 5ecun[y y:�strument. �-`-`--
<br /> IF Lendet exercises this option.Lertder sha11 give Borrower notice of acceleratian.The notice shall provide 2�,criod
<br /> � oPnot less than 30days from the date a?�:notice is delivered or mailed within which Bcrrcwer must pay all soms set:�,red by '
<br /> this Security Instrument.If Borrower fails to pay these sums prior to the expiratio�2�C t1;.:s peric�d,Lender may in•�c�;ce any '
<br /> _ remtdits permiited by this 5ecurity Instrument without further natice or demand on C�-L:-rnwer. l �
<br /> 18.$orrowsr's Right to Retnstate. If Borrower meets certain conditic:s.8arrc�wer shall have the right to have
<br /> enfarcement of this Security lnstrument discontinued at any time pnor to the earlier c`:(a)5 days(or surh aiher periucl as -�
<br /> + � � applicable law may specify tor reinstatement)before sale of the Praperty pursuant ta:xn�
<br /> �+p�wer of sale ccrntained in this
<br /> Srcurity Inst�ument;at(b)entty of a judgment enforcing this 5ecunty lnstrum�ent.�Y'h�;.e cond�tions are that F�orrower: ,�,
<br /> (a)pays ltntler all sums which then would be due under this 5ecunty Instrument and the Note had no aceeler�tion h,
<br /> �ecurred;(b)cures any default af any nth=r coven�nts or agreements; (c) pays all erpenseti inc�rred m enf�rcing this ��j
<br /> 5etunty lnstrument. includmg, but nat limited tv. reasnnablc attomeg+s'fees,and(d)takes such action as Lender may ` ��
<br /> reawnably require t�r assure that thc licn of this 5eCUrity Instrument, Lender's.r�Rhts in the Property and Uorrowet's =
<br /> � obl�gat��n to pay th� sums secured by th�s Seeunty Insttumcnt shall ct�tittnuc uf�changec� Upvn remstatement by 'T �
<br /> Hottower,this Sec�niy Inslturnent and the Ubbgat�ans secured hcrcby�,huU rern��u fully effect�ve as�f nn a�;celetatiun had
<br /> ,�,
<br /> cKCUrred Howetie►.th�5 nght tn reinstnte sh�ll not apply in the cuse u!',�ccelerat�uc►under��aragraphs 13 or i 7
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