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<br /> rIf Len�er required martgage ensurancr as a corcditiaa of making th�toan sECUred by this Security Instrument.
<br /> Borrower shall pay the premiums required to maintain the insurnnce in eSect nntil suct�time as the requirement for the
<br /> insurance ae.mninates�n ac;.ordance with Horror�er's and Lender's written agreement or appIicabte law.
<br /> 8. Inrpectioa. Lender or its agent may make reasanable entnes upon and inspections of the Propsrty. I,ender
<br /> shall givc Borrowor notic�at the timc of or prior to an inspestion specifying reasonable cause for the inspection.
<br /> 9. Coademastfon. The proceeds of any award or claim fnr damages.direct or consequential.in connection with
<br /> any condemnation or otttrr taking of any part of the Property,or for conveyance in lieu of cendemnation.are heneby
<br /> assigned and shall be paid to Lender.
<br /> 1�the ever�t of a total tak;ng of the Property, the proceeds shaA be applied to thc sums secured by chis Security
<br /> Instntment,ahetha or nat then Cu�,with any exccss paid to Horrower. In the event of a paztial taking of th�:Property,
<br /> unless Borrower and Lender otherwise agree in writing,the sums secure.i by this Seeurity Instrument shall f.s_reduced by
<br /> tht amount of the pracuds multiplied by the follawing fraction:(a)the total amount of the sums secured i.*s�mediateIy
<br /> before the taking,divided by(b)the fair market vatue of the Property immediately before the taking.Any balance shal!be
<br /> Qaid to Borrawer. '
<br /> If thr Property is abanc��aa3 by Borrower.or if,after notice by Lender to Bnrrower that the condemnor olters to
<br /> make an award or settte a cIaim fi�r damages i3orrower fails to respond to Lender w ithin 30 days after the date:he notice is
<br /> give�.Ler�er is autharized to co}ixt and apply thz proceeds.at its option,enher ta restoration or repair of the Property ar
<br /> to the sums secured by this Sccurity Instrument.whether or not then due.
<br /> Unless Lender and Borrac;wer otherwise agree in writing,any application of pr�.�:eds[o principa!shall not extend or
<br /> postpone the due date af the mont.hl3r payments referred to in paragraphs 1 and 2 or c�;ange the amount of such payments.
<br /> 10. Borrower Not Released; Forbenrartce By Lertder Not e Waiver. Entension of ttne time for payment ac
<br /> modifiz,ation of amortization of thc sums ser�ned by this Serurity Instrument granted by Lc-�dcr to any s�ccessor i�
<br /> interest of Botrower shall not operate to release the i�ability of the original Borrawer or Bonoa�r s succcsser,.i r ir.ter�s.
<br /> Lender shall not be required to commence proceedin� ��u�nst any successor in interest or refuse to e�:a�c�e�-ie for
<br /> paymea�t or otherwise modify amortization of the sums se��.r�d by this Security Instrur�ent by reason of any d�.~.,.:s�3 made
<br /> by the original Barrower or Borrower's successors in interes:•.�.���y forbearance by Lender in eaercising any rigt:e a:remedv
<br /> � shall not be a waiver af er preclud�the exercise of any rigfit or remedy.
<br /> 11. Suteesr��sr�d Assi�os Souad;Joint and Several Li�bilin:�o-signers. The covenants and agreements cc�'
<br /> this Security Instr��ere shall bind and benefit the successors and assigns of Lender and Borrower.subject to the provisia;,�
<br /> of parugraph 1 I.Hom��er's c:a�es-,L.c-ts and agreemenis shall be joint and several.Any Borrower who co-signs thi�Seeu�it:
<br /> Instrument but does�a:ezecute ttLe Note:(a)is co-signing this Security lnstrument anly to mortgage,grant ar.d concec ' �
<br /> that Borroaer's inter�t in the Prapeny under 1:1te terms af this Security Insttument;(b)is not personally obligated to p;�}�
<br /> the sums secured bg� U:��Seeurity Instrumee;t:s.r�d(c)agrees that Lender and any other Borrower may agrea to eatend_ -
<br /> modify, forbear or make any accommo�ations �i:th regard.ca the terms of this Secunty Instrument or the Note without �
<br /> that Borrower's consent.
<br /> 12. �.oan Chuges. If the tcan secured by this Secunty lnstrument is subject to a law which sets maximum loan '
<br /> charges, and that law is finaUy interpreted so that the interest or other loan charges collected or ta be collected in
<br /> conrtection with the�..�,.�exceed the permittrd limits, then: (a) any �.,r:'.i laan charge shall be reduced by the amount ' -
<br /> aeeessary to red���!�.•zharge to the p�rmitted limit; and lhJ any su:rz z::eady ce�lleeted from Borrower which excee�!cd '�, �a�
<br /> permitted limits wiS��e refunded c���iorrower. Lender m�i �;;ooac tc:^a?ce this refwid by reducing the princi}�al owed '�
<br /> under the Note or by ennalcing a direei payment t�Horrower. �Ea refund r��"�ees pnncc�al,the reduetinn w�l!be treated as a
<br /> partisl prepayment���.;�out any prepayment c���.:sae under the Nate. t�`
<br /> l3. Leyslt�°xQ ARecting Lende�'s FSI.�LS, !i enactment or oxpisas�ar� of applicabte laws has the effect of ��"?
<br /> sendcring any provi:�;,re of tAe Note or th�s Secvs�4y f ns�rument unenf'orceabte according ta its terms,Lender,at its option, �
<br /> may rec{u-.�e�;nm:,diate payment in full csf all sums secured by this Secunty tnstrument aaQ may i�:r�oke any remedies
<br /> permitte��}�aragrnph 19,if Ltnder eaercises ehis opsion,I.endcr shall take thr step�speeified m the secand paragraph of
<br /> paragraph 1�. '
<br /> l�. Notices. �,ny notice to Botrower provided f.�r ij�thts Sccunty Inst:��ment tihalt f�e given b�•dclivering it or fs} ,
<br /> mailing it by firss c�:..�.. mail unless appluable law reyu�res use of anotfier methcsd. T'he notice shall he directed to t!ie
<br /> Property Addtess mt a^y nther ud�re,ss Borrower des�gnates by notice t�+I.ender. Anv notice tu Lender shall be gwen C}
<br /> first class rrtas)to l,er.�:�s address:stzted herein or any ather address l.ender de�ignatc�by natice tcr Hr�rrower.Any notice
<br /> provid�£f,r m thi9��:�.nty 1nstTU:c?�ent shall be deemed to have been gi�en ta H��rrower c�r Lender when given as prc�vided
<br /> in this paragraph.
<br /> 1S. CqYemer:�I.Aw;Severabilfty. 7tr.is 5ecurfly Inqrurnent�h..J he g�vcrncd by federa3 taw and�he law of t)te
<br /> jurisdictia�in whirh the Property ie loeated. tn thr event that a:y pro�:sinn nr clac�e of this Securuy Insirum��st or t11e
<br /> Note con9icts with appitcable law,such canfl�ct shall not a.fi�r�:t other pravi��onti�(shtr Security Instrument ur the �cte
<br /> which can be given effect w�th�ut the c�nfl�ctmg provtsion. :'c t:�t1 er,d�he prov�sumti of th�5 Sccur�ty lntitrument and the
<br /> Note are declared tu be severable.
<br />' l6. Bonoxer's Copy. B�rrawer shall be given one conformed.opy of the Nate and nf'this 5ecunry lnstrumens.
<br /> 1T. Tcarafer ot the Property or o Berteflcial Interest in Borrower. If all os any part uP the F'roperty c�r any
<br /> mtere!�t�n it ic sald c�r transferred(ar if a henefiri�l intere�t ir� Nurruurt i�tic�ld��r tr��mferrc•d;�nd f3�+rre�wer�ti ni�t a natur:�)
<br /> person)wriht�ut Lendet'ti prtc�r wrutcn cvnscnt. Lcnder may.at �nopt�ou, reyu�ce�mrncdtate payme�yt �n full uC all sumti
<br /> se�uted hy this Serur�ty Instrument Hnwever, thi�upUcm tihali n�rt t�e; cxerc►sed by l.endrr il'rxrrci�c iti pruhiMted hy ,-_ ..-1.._.__:
<br /> federal law as of the date ot'th�s 5ecuraty Instrur�ent. ,
<br /> ti Lender exercises th�s opue�n.Lender shali gwe Uarr��a•er nr�uce��f accelerahcm 'i�he nuUce�hali prc+vide.+�+enod
<br /> �if no!(ess than 3Qdays f'rum Iht date Ihe ttuure�s deltvered or maiied withir�wiuch 13��rruwer mutit pay:�Il�uan�secuted by
<br /> th�s 5ecur�ty Instrument. U 8urruwer fails tv pay these sums pnur ti�the expuatum��f th��periuci. Lender may u►vokr any
<br /> remedies permt4ted by th�s Secunty Instrumen�wuh�uc furthrr nn��cr��r�I�n�:±n��an�t..rt,�:r;.
<br />_ D8.iiorrower's Right tn Reinstate. Ii Horr��wer meetti cenain amditum�, H�ittowcr �hal! have 1he• nKht tn h�►�c Ht
<br /> �nfnrcement e,i'thts 5rcunty in5trument disc��ntinued�st nny tunr pnar tu the eariter��f lat 5�1ay�l��r tiuch uther Fx�r�ud.+� ���
<br /> L appl�cablc F�w n�ay cpec�fy fi�r rcmal�tenrenll befa�rr�ale nf the 1'ruperty p�tsu��st ta�an� p��.rer �ti}tiJIR'i��111JItICI�lN th��
<br /> ticwnty tu�tcumer�t.c�r(h)entty ut:i �udgment enfc�rc ong th��Securit� ►usirurne�tir t N���e c��nif�tiunti�rr that Hurn,wer �•;y�
<br /> (�► payr I.encier ;;� SU(14� K�IlCII tllGt/ ttiUUlt� ff� elue �ndet thi� �ecusit� In,leume•nt ani3 Ih:: tiutc h���t n,>ac�rlet.�ni�r� SRF
<br /> uEeut�e�! !►�! iutes .in� �letauit E�t an: e�ThCt �<��i•nant5 or agreernent�. Err �sys �if c�pen�e� m,.urrcct tn cnfur�tn„ thr. ���
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<br />- �CJ�t�lic��:i fC:�tiitf I�� 3°.St11t [Fd•' lFl!' IfCti Of 1�tlti SCCLLfIty' I.��trurnc�,�. [±•u•„t';�♦ (t�(�t� �ef t�}!• �';+�juf t4 ,U4�� �It�ltVWCI � ..
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