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<br /> __ _' � If Lender recy�ired mortgage insurance as a condition af makinB:hc laar� sesur.d =rr�� i�:�s�,�ur�ty Instrument,
<br /> - Borrower shail pay the premiums required to maintain the insurance ia effeet�nt�i such.ti°tt�,as.I:c,requiretncnt far tht
<br /> insurance terminntes in acsordance with Borrower's and LendeT's wr.t*.n ag�e�mant ar a�rliw�abl�iaw.
<br /> 8. Inspection. Lender or its agent may make reasona[�ls ent-�:s ugc�n nnd in�pc�ti��t��of the Property.Lender
<br /> shall�ve Barrrower notice at the time of or prior to an inspectiqn�ge.eifying rea.s�natrls.au�¢�t R�e inspection.
<br /> - � 9. CondemnatIon. The proce�ds of any award or claim for damages,diry:.t or can�.s}utmij�t.in cannection.with
<br /> any condemnation or other taking of any part of the Preggrxy.or fur conve}=a�nce�irt acu of ctsn�temnation,are hereby
<br /> assigntd snd shall be paid to I.ender.
<br /> In the event of a total taking of the Property.the pr�c�sts sht�il be appli��tc.eh.�sum�secured by this Security
<br /> Instniment,whetl�er or not then due,with any eac.ess paid tq,l�+sh^a��et.Fn..th�.eti�ent*�fa p�irt,ial tai�ing of the Properiy,
<br /> untess Borcower and Lender otherwi��agree in writing,the stuix�ti�ut�.�u thifiS�urt;!in��r.ument�i�l]6e reduces��S� �
<br /> tte amount of the proeeeds multiplied by the following fra�tiGns:f�j t�e�t�tal:arrtc�an�.±�f�?k�sums sc7cur�1_isnm��.Y.� � . .
<br /> � ' befare the Eaking,divide,d by(b)the fair market value of the Pn-�s�ii.�i:r:mec�iaRely.het'qr4 the taking.l�ti balan�sf�.aL�i�e
<br /> paid to Bort�;�. , � � .
<br /> — • If tti���-uerty is abandoned by Borrower,or if,after noticw�=1 I.eader ta Surrawer that the cczdemnor c�:�to
<br /> �ice an awsrd or senle a d:�im for damages.Banower fails to respan.�tQ L:�t��r witfiin 3(3 daysa��,:�e date the notice is
<br /> - � �g�eii.Lender is authoriz�t ra coliect and apply the procee8s,�at its u����r���r ta res°�r�tYa�c�.�.�^..��=if the Property or ' • _
<br /> : to tbe svms secured by this�zcurity Instrument,whether or nat t�.e^��e. �
<br /> Unless Lender and Bonower otherwise agree in writittg,ar�.��'.ication of prace�ti.�principal shall not e�tind or
<br /> � postpone the due date of the monthly payments referred to in p�r�,�.�s 1 and 2 or char•_�the amount of such payments. .' '
<br /> 10. Borrower NaL Iteleased; Forbearartce By Y.ertde� l�ic���z �:1�:ti��. Eatension of the time far payraent or '
<br /> modifieation ef.Mmartiz�~:ca of the sums secured by this SecuPity fr.s*.��t granted by Lender to any suceessor in �
<br /> interest oF Barra^�er sha:F aat nperate to release the liability of the origiaai?�.:rrower or Borrower's successors in znterest.
<br /> Lender shall not be required to commence proceedings against aay successor in interest or refuse to eatend ti�e for
<br /> paycnent or otherwise modify amortization of Yhe sums secured by this Security Instrurae�r.6y reason of any demand made
<br /> � by the original Bonower or HonowePs successors in interest.Any forbeararce L-y Lender=y exercisiag s�ny right or remedy
<br /> sl:rtll not be a waiver of or preclude the exercise of any right or remedy. ' -
<br /> ii. Successors an�H ksstgns Bound;Joint and Severd LisbilIty;Ca-s.�*ers. �g covenar.zs and agraments of �
<br /> this Securiry Instrnment shall bind and.benefit the successors anc!assigns of L..°��:r and B�rrower,subject to the provisions '
<br /> � of paragraph 17.Bonower's cavenants and agreements shaU be joint and ser�ern..i.Any Horrower who casigns this Security �
<br /> Instrument but does not er.�cute the Note:(a)is co-s�gning this Security Instrument only to mortgage.grant and convey ,
<br /> that Botrower's interest i^E'.ze Propert)�under the t:ras of this Security Instrument;(b)is not personalEy obligated to pay . .
<br /> the sums secured by this Security Instrnment;and(c)agrees that Lender and any other Borrower may agree to extend. . •.
<br /> modiF�,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br /> that Borrower's consent.
<br /> 12. Lo�n Charges. Ii'the loan secured by this Se�uriry Instrument is subject to a law which sets maximum loan �_
<br /> '� charges, an� that law is E^ally interpreted so that the interest or othcr loan charges collected or to be collected in -
<br /> connection with the loan�.-.�eed the permitted limits, then:(a) any such loan charge shall be reduced by the amount
<br /> necessary to reduce the charge to the permitted limit;and(b)any sums already coltected from Bonower which exceeded ��'�
<br /> ' pemutted 1imiF�.wUl be refunded to Rrr�ower. Lender may chaose to make this refund by reducing the principal owed `���
<br /> under the Naca:�r 6y maki:sg a direct Frag-rnent to Bcrrower.If a refund reduces principal,the reduction will be treated as a
<br /> pa.x3ia1 prepayment withoLL:ar.y prepayment charge 4ader the Nate.
<br /> 13. I.egisl�tion A�.►.'Pxting I.ender's Rigbts. If enactment or expiration af applicable laws has the effect of ;
<br /> rendaring any�rovision of the Note or this Security Instrument u.�enforceable according to its terms,Lender.at its option,
<br /> may require i.«raediate payment in full of all sums secured by t:hss Security lnstrument and may invoke any remtdies
<br /> permitted by�,�:_*agraph 19.If Lender exercises this optian,Lender shall take the steps specified in the second paragraph of �.
<br /> pa.*agraph 17. "
<br /> 14. Notices. Ar..�-�otice to Borrower provided for in this Security tr�r.�.cment shall be given by delivering it or by �
<br /> �
<br /> mailing it by fi.rst class mai! nnless applicable law requires nse of another ::eshod.TF�e notice shall be directed to the � �
<br /> Property Addr�us or Rny oiher address Barrower designates by rzotice to Lender.Any nRt;ce to Lender shall be given by
<br /> 6rst class maiP tr_�a,ender's address stated herein or any other address Lender designates by notice to Borrower.Any notice
<br /> ; �rn�vided for in ti�is Secur'tk instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br /> . i:�utis paragraph.
<br /> IS. Goresning Law;Sererability. This Security lnstrument shall be governed by federal law and thc law of the
<br /> jurisdiction in wts�ch the Property is located. ln the event that arxy g�rovisian or clause of this Security Instrument ar the
<br /> Note conflicts�it,?�applicable law, such conAict shaU not affect ollter provisians of this Security lnstrument or the Note
<br /> which can be given effect without the conflicting provision.To this end the pr��cisions of this Security Instrument and the
<br /> ;� �ate are dealared to be severable.
<br /> 16. Sorroxer's Capy. Borrower shall be given one confarmed copy of the Note and of thi5 5ecurity lnstrument.
<br /> , 17. TtYrssfer of the Property or a Beneflcisl Interest in Borrower. 1f al) or any part of the Property or any
<br /> interest in it i5��+atd or transferred(�r if a beneficial interest in Honower is sold ar transferred and Borrower is not a natural
<br /> person)withaui Y.ender's prior wristen consent,Lender may.at its option,reyuire immediate payment in full of all sums
<br /> secured by this Security Instrumerst. However. this option shall not be eaercised by Lettcler if eaercise is prohibited by
<br /> federallaw as of the datc af this Security lnstrument = --=
<br /> If I,ender exercises this option.Lender shall give Bntrower notice of acreleration.The nbtice shal)provide a period �
<br /> af not tess than 30 days from the dace the notice is delivered or mailed�vithin which Eorrower must pay all sums secured by i
<br /> this Security tnstrument.If garrower fails to pay these sums prior to the eapiralian of this Qeriod.Lender may invoke any
<br /> remr.ciies permitted by this Security Instrument without further notice or demand an I3arrower. �
<br /> !'�.E::stisr.tr's P.#g�i ta�E:��i�te. �€�C,rro�Ei niecti crf tairr cunciiiions. 8orrower shaii h3ve the right to have
<br /> -�' enforcement of this 5ecurity Insttument discontinued ut any time prior to Ihe earlier of:(a)5 days!or such nther periad as �
<br /> _ � �pplicable law may spccify for reinstatementl before sale of the Property pursuant to nny power of sale cantained in this ��
<br /> Security Instrument;or(b)entry nf a judgment enforcmg this Security Instrument. '1'huse c�ndrtwns are that Horrower: �
<br /> � (aj pays l.ender all sums which then woutd be due under this Secunty lnstrument and the Notc had ntr acceleration ti
<br /> ; oceurred; (b)cures any default nf eny ��ther covenants ar agreements: (cJ p:�ys alt enpenses uuurred m eni'orcing this �crg�
<br /> � � 5ecunty Insttutnent,tneluding, but not limited tu, reasonable atturney.s' fces; artd (d)takec wch action as l.ender muy �
<br /> . reasanably rt4u�te tv�ssure that thc I�en nf this 5e�urity {tistrutrt�nt. L.enJ�r's ngt�ts i�� thc I'r�perty nnd bntrower's �`
<br /> � �btigattUn tu pay Ihe tiums s�cureE! by this 5ceurity {nsfsumenE tilta{I ccmhnue un�han�eci. E�p+�st ortmtatetnent by '�
<br /> Bottnwet.thts 5ecur�ty tnsuument and�he ubhgabi�m.secured hereby Sh��ll rertt;un fully r(Teet�ve�r�f n��t►cceleralum hud
<br /> ��
<br /> tw'u�rtd However,this nght ta rerr�state shali not a�ply m theca.r nf��.c e•terattEU►��ndet t+araE;rap)iti 1;ert 17
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