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<br /> � If Lendar required mar3,�a�se insnrance as a condition af making thz loare secured by this Security Instrument. ,
<br /> � Borroe��er shall pey�he premiums r�aired to maintain the in�uranCe in elfect until such timr as the reyuirement for the
<br /> . insurance c�rmin�tes in ac.�rda�ncG s��th Banower's and Les�Qtt'a wriuen agre+em%nt os applicabk Isw.
<br /> 8. LKpestfon. Lender oc��;a�tnt msy make rasonable entries upon and inspecunns of the Froperty.Lender �
<br /> shill�ie�e Horrn�er natice at the tir-�o.�or priar to an inspection sprcifying reasonable cause for the is�spection.
<br /> 9. CAede�neatfo�. Yhe pr[�r�eds of aa�y award or claim far damages.dirtet or cansequential,in cohnecti�n with
<br /> atfy etutdtmnatian or other talring.a9 any part of the P�roperty�or for conveyanc�e in lieu of condemnarion.are hereby �
<br /> -- , sui;�ad and shall be gaid to Lend:�: '
<br /> ` , " In the event of a totai ta3cix�o�'tht Property,thc pracads slsall be applied to the sums sccured by tbis Security '
<br /> � � �tnstnimcnt,whaher or not then d7;it,aitb any eacrs.s p�id to Barro�rer.In the event of s putial taking of the Property,
<br /> ; •• unlas Haitower and L.ender o•r.ti�w�:se sgra in writing,the sums secured by this Security Instrument shall be reduced by.
<br /> tbia ampunt of the proceeds mui2i�:.�ed by the foltowing fraction:(a)the total amount of the sums secured imatediately
<br /> ti�'are tLc taking,d.ivided by(U�tt�fair rtsarkei value af the Froperty immediately before the taking.Any balance shall he
<br /> � �id to 8orrower.
<br /> � If the Property is abandow2t�by Barrawer,ot if,a�f"t�r nntice by Lender to Borrower that t�te conderanor offers La
<br /> maka an award or settl�s a claim f�cf�tmages,Barrawer.f�al�ta respond to Lcnder within 3Q days after the dAte the notice_is
<br /> �..givan,T.csider is authoriud to c42Ie�!aAd appIy the proce�d.�,sft its option,either to r�toration or repair of the�Property ar
<br /> . ta th�s�ms secwat by this Secusi#y tnslsument,a�I�EthEr�r aat then dae. �
<br /> � 6J'ntess Lend*s aad Borm�er o.herwiseagr+�cin writing,any apglication of�roceeds to principa]shall not extend or
<br /> � �p�t�tane e�e�ue da.c:csf the montDS��payments referted ta in paragrapl�1 and 2 or change the amount of such payments:
<br /> � 10. Borrower Not Re6ased�F�rbqrance By Leitd�r Not �Wairer. Extension of tke time for payinent or
<br /> �+���*�a of amortizatiem o6 tt�r sums socured by thi� aecmrity Instrument g�anted by Ltnder to any successor in
<br /> int����H�orrower shall not ayerg�e to retease the liabiliry att�e original Aonower or Borrowet's successors.'rB interest.
<br /> ' H�a��r s�all not be required to co�merir,e procad'angs ag3iiast any suecessor im intertst or rtfuse to eater,d time for
<br /> gtxyr,��or othe,rwise modify am��tiaation of the sums secured by this Security Instruuient by reason of any demand made
<br /> J - by tht Q�inal Horrowar oc BocroM�et's suecessors in interest.l�asy forbtarance by Lender in exercising any rigt►t rrr reraedy
<br /> . stwil x�oe(x a waiver of or precIud;LL�eaercise of any right ar.rr�edy.
<br /> tz. Socea�ors ud Assipn Baaed;Jotnt aAd Se�ecaE Lfe6ility;Co-si�ers. The covenanu and agre�znts of .
<br /> tttis Security Instrument shall bind�benefit the successors and��ign�af L.ender and Borrower,subjxt to the�vc�i� '
<br /> : of pu�g[sph 17.Eorrower's cover�tc and agceeintr�3s shaU be joint 2ttd�:cral.Any Borrawer who co-signs this S�c:uity
<br /> Instrumtnt but does not execose tL,:PJote:(a)is co-signing this Securiry Instrument only to mortgage,grant�d canvey
<br /> • th�t Bosr�wer's interest in the Ptapeaty under the temu of this Security Instrument;(b)is not personally obli�.ted to pay , �
<br /> tb�surns secured by this Securiiy 1t�trument;and(c)agrees that Lender and any other Borrower may aga�a ea eatend,
<br /> n��f;r,frs�ar or make any accommodations with rcgard to the terms of this Security Instrument or ths hote without
<br />- � t�.eY��c�.�wer'sconseaea. -
<br /> �, Loan CAargss jf the L�an secured by this Security Instrument is subject to a!aw which sets maa%:num loan � -
<br /> � a���. T�.�� that la^� :s�nally inttspreied so that the iu.t�t or other loan ch,s�collected or to be callectod in -
<br /> ��. c�n�sxaon with the Ir,r�ct�xcced t!�permitted Liraits, the�:fa)any such loan charge shall be raduced by the amount -
<br /> • �tcessgry to reducc t}r.�clu�rge tt�tlse permitted.lir7it;and(b}as�y su��LTeady collxted from Bonower which eacaded ;_
<br /> � pcnnittod limits will be r�s�ued tv Borrowtr. f�,es:der may choose ta m:^ke this refund by rcd�c�ng the principal owed �
<br /> uun�er the Note or by making a direce payment tv Borrower.If a refund reduces principal,the red�ction will be treated as a
<br /> � p�irsis��:�yment without any preg�yment chatge under cFe Note.
<br /> E3�. I.egislatioa Al�eetla� l.teder's Ri�btc. If enactment or expiration of applicable laws has thP effect of ;•
<br /> r.Cnderilg any provision of the Not:o:this Securi¢y lnstrument unenforceable according to its terms.Lender,at its optios�.
<br /> � unsy requite immediate paymen3 i:�full of all aB�s secured by this Security lnstrument and may invoke�r�y remedies , ;:
<br /> permitted by paragraph 19. lf L.ender exercises tnis oplian,Lender shall take the steps specified in the second,�;uragraph of �`
<br /> psragraph 17. .,gu
<br /> 10, Notiees. Any notice to Borrawer provided for in tizis Security lnstrucnent shall be given by delive*:ag it�r by
<br /> mailing it by first class mail un2��s�applicabte law requires use of another method. The notice shall be directed to thr.
<br /> Ptoperty Address or any other addJess Borrower designates by notice to Lender. Any notice to Lender shall be given�;�
<br /> Arst cla�,s mail to Lender's addressatatod herein or any other address Len�er designates by notice to Horrower.A^y notice
<br /> ploridod'for in this Security lnstrn�2nent shall be deemed to have been given to Borrower or Lender when givei::�s�rovided
<br /> in this ptragra�h.
<br /> IS. G�rtrning Lw;Se�erability. This Security Instru►nent shall be governed by federal law as�d the law of the
<br /> _ jtttisdi:.•tion in which the Fropertp i3 focated.ln the event thai any provision or clause of this Security Instrumsnt or the
<br /> __ Nt�te¢onfliets with applicable law,such conflict shall not affect other provisions of this Security lnsuument or the Note
<br /> which¢an be given effect withou:t�e conflicting provision.To this end the provisions of this Secunty Instrument and the
<br /> Nbte arcdeclared co be severabt�.
<br />' � 16. Borrowe�'s CoPy. Bc�rrower shaU be giver�one conformed copy oP the Nate and of this Security Instrument.
<br /> 17. Tra4sttr of t1e Y�ortrty or a Beneflcial Interest in Horrower. If all or any part af the Propeny or eny
<br /> interest it�it is sald or tr�nsferrcd f�c if a beneficia!intcres!in B�rrower is s��ld ar transferred artd Borrawer is not a rtatural
<br /> person)•withvut Lender's prior wri:ten cnnsent. Ltnder may.nt its option.require�mmediate payment in full of all sums
<br /> secutecl by this Security Instr�sr.er.t, However, this�piton shall not be exercised by Lender iP exereise is prohibited by
<br /> fedtrol 11w as aFthe date of this 5ecurity instrument. :=_----=-
<br /> 1f Ltnder exercises this o�t�on,Lender shali givt Borrower rtotice of acceleration.The noiice sha1)provide a period '
<br /> ' of nt►t�ttss thu�30days from the Ca?=the notice is detivered or mailed within which$orrawer must pay all sums secured by
<br /> this Stowity lnssrument.If Borrawer fails to pay thest sums prior to the expiratian of ehis petioci,Lender may invoke any
<br /> remedltspetmitted by this Sccuri��instrumtnt withaut Purther notice or demand un Burrawer. .
<br /> 18.Botroxer's Rig6t to Rtinstate. if�arrower meets certatn conditions, Barrower shall have the right tn have ,� �-
<br /> enfarerment of this Seeurity lr.st:u;r+ent discontinued at any nme priar to the earli�r of:(a)5 days(or such other penod as ���y
<br /> _ � applicablt 18w may sptcify for rei::statement)hefore sate af!he Property pursuant to any power of sale contained in this
<br /> Securily lnsttument;ar(b)tntry bf�judgment enforcing this 5ec�t�ty lnstrument. 7hose cc�nditrons are that�orrower: ��:
<br /> ; (a)payQ,Lendes al) sams whteh thtn would he due under th�s Security Instrument and the Nbte had na acceteration �
<br /> _ occurred; (6)cures any defaulc of ar,y otftu covenants dr ugreements: (c) pays all expenses incurred �n enforci»g th�s �
<br /> Stcutify thsttumen4, irscludtng, �ut nut lim�ted to. reastinablc attt�rneys' fees; and (d)takes such action as Lender may il:�
<br /> ° rcason�bly reqwte tn assnre thaF the Ictn of thts 5:cttsity instrument. I�ender's nghts m thc Yn+}xny and E3nrrawer'� ,� -
<br /> abt�gati�li tu pay qte sums sec:ure� by tbis 5ecunty tnstrumcnt shall cnntmue unehanged !.'�+e,n re�nstatement by '� �
<br /> �orrawtt.!tu!Stcurtty tnstrurn��::�nd the abligattons securtd hereby shall remain f'ully c(fect�ve as�f nu accelerattun had �
<br /> � nccucted:N��wtvet.th�s ngFt to reirtstate shu11 nut app�y in the case of<<cee)erat�on imder haragrarh� f;��r I'
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