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<br /> If I.ender required mortgage insurance as�a candition of making the loan stcured by this Security Instrument.
<br /> Bonower shall pay the premiums required.to maintain the insurance in effect until such time as the requirement for the
<br /> insusance te�rmiitates u►aecordancr with Barroiver's and Lender's wntten agreement or appiicable law.
<br /> 8. Incpectton. Lender or its agent may make rcasonabk entri�s upon and inspections of the Property. Lender
<br /> shall give Botrower notice at the time of or prior to an inspection specifying reasonabte cause far the inspection.
<br /> 9. Condt�te=tion. -Tht proceeds of any award or ctaim for damages,direct or consequential.in cor�nxtion with
<br /> any condemnation nr othes taking of any part oP the Property.ar for comeyance in lieu of condemnation,are hereby
<br /> assigned and shall Oe paid to Lender.
<br /> In the event af a total takiag of the Pro�serty,the prorads shall be applied to the sums secured by this Security
<br /> Instrumtnt,whether or nat thrn duq with any excess paid to Borrower. In the event of a pattial taking of the Property,
<br /> unless Barrower and Lender otherwise agree in writing,the sums secured by this Security Instrurtient shall be reduced by
<br /> the atnaunt of the proc�ds multip&ed by the foltowing fraction:(a)the total amaunt of the sums secured imistediately
<br /> before We taking,divided by(b)the fair market vxlue of the Fropertv�mmediateiv before the taking.Any balance shali be
<br /> paid to Borrawer.
<br /> Yf the Property is aband�nai by Borrower,or if,after noiice bp �,e�der to Bozrower that the condemnor o�'ers to
<br /> maice an aa�ard or s�:tle a claim for damages.Barrower fails to respond tQ T e:�der within 30 days after the date the notice is
<br /> giv=n.Lender is authociaed to collcet and apply the proceeds,at its optia�,�ther ta restoration orrepair of the Property or
<br /> to the sums secared trr r�is Security Instrument,whether or not then due
<br /> L'nIess Lend�a�i Borrower otherwise agree in writing.any app3��tion of proceeds to prirc�ipal shall not eatend or
<br /> postpon:cLe due dat��Fthe monthly payments referred ta ire paragraphs Z and 2 or change the amoant of such payments.
<br /> La �noRer oi�t Retezse� Forbearance 8y II.e�.�r Noi a Waiver, �xt�ssian of the time for payment or
<br /> �� modifrc�t�a�of amorc�rian of she sums secured bp chis �xurity Instrument �rautr..�by Lender to any successor in
<br /> interest of Borcower snall noi operate to relea�e t�e:iabii:t;�i the oaiginal BorrouerQr�orrower's successors in interest.
<br /> Lender shal! not be required to commence procee�ings asannst any successor in i�:erest or refuse to eatend time for
<br /> payment or otherwise madify amonization of the sums s��,��by this Security Instrurr!:nt by reason of any demar�d inade
<br /> by the original Burrower or Borrower's successors in inter,�,t�ny forbearance by I.ender in exercising any right or remedy
<br /> shall not be a waiver of or preclude the extrcise of aay ri�Lt er*�emedy. -
<br /> 11. Saecess�rs s�a�Assl�s Bound;Ja�ar�d Se��.-r,aZ LiabiZlt�t�o-si�ners. The covenants and agreemenu of
<br /> this Security lnstrurr��Ghall bind and bene&t the successc-rs a-�d assign����tL�nder and Borrower.subject to the provisions
<br /> � of pazagra�t�17.Horrower's covenants and agreements sha[i.ls�joint and several.Anr�Barr�wer who co•signs this Security
<br /> Instrum�,sc but daes nat execute the Nate:(a)is casigning cLra:s Securiry Instrument��nly to mortgage,grant and convey �
<br /> that Borr�c�:r's interest in the Prop�rty under the terms of ti�is Security lnstrument(b�is not personally obligated to pay '
<br /> the sums secured by this Security Instrument;and(c)agrees that Lender and any other Barrower may agree to eatend.
<br /> modify,forbear or make any accommodations with regard to the terms of this Secunty lnstrument or the Note without �
<br /> that Bonowet'.s consent.
<br /> ]2. Loan Charges. If'the loan secured by this Security Instrument is subjecc�o a law which sets maximum loan
<br /> chazges, and that law is finally interpreted so that the inter�t or other loan ciizr�es collected or to be collected in
<br /> conncetion with the loan exceed the permitted limits, then: (a)any such loaz ci;2��e shali be reduced by the amount �
<br /> neeessary ta reduce the charge to the permitted lirnit;and(b)any sums al:�:��c-..�:fected f'rom Borrower which exceeded ' ��'
<br /> permitted limits wip be refund:d to�orrower. L.�:►der may ehoase to sr_�ke tItcs re`a?d by reducing the principal owed ��
<br /> under the'v:ate or by making a direct�aymer.t e�:�orrower.If 4 refund reduces pr.c e.���;the reduction will be treated as a � �
<br /> partial�re�,ayment without any pre����:rz ci.�,;;:-ge under tl:e`.�ote.
<br /> 13. LegislatIon ABeeting Lender"s C�i.�s. If enactment ar expiratian c:" appticable laws has the efTect of ���
<br /> rendering any provision of the Note or th�s Securt j Instrument unenforceable according tn its terms,Lender.at its option, �
<br /> may require immediate payment in full of al)sums secured by this Security Instrur.:e:�t and cna�, snvoke any remediec
<br /> peemitted by paragraph 19. It'I,enc".e.r exercises this option,Ixndet shall take the sterr 4�erifie�in the secand paragraph of
<br /> paragraph l7. , .
<br /> �4. !liotiees, Any notice:�8nrrower provided far in this Security ta�tr;�.ue^:s:�all begi�en by delivering it or by -
<br /> ^�z:2ing st hy first class mail unl:ss applicable law reyuires use of anotFc• ^�e:�c,d The notice shal! be directed to the
<br /> Pra�zt3 Address or any other ae�ress Aarrawer designates by notice to �_rnder. An} notice tu Lender shall be given by
<br /> firs:c::ss r.:�il ta Lender's address stated herein or any other addresti l.ender des�gn2tc�by nrnice to Rorrawer.Any notice
<br /> provid�c3 f_.^. �n this Security Instru:nent shall be deemed tn have heen g�ven to H��rrower ar Lender when given as provided
<br /> in this pzsa�raph.
<br /> 15. G�erning I.a�v;5ever�bility. This Security Instrument sl�all be goverried by fcderal law and thelaw oi'the
<br /> .�:trisdietion in which the Property�s loeated. ln the event that any pravis�an or clause nf this Secun?y Instrument or the � �
<br /> Note confticts with applieable law,such confliet shall not a�'ect att�er prav��wn�of thit 5ecurity Fns�rument or the Nnte
<br /> which cai,be�iven effect without tl�e conHtcting provision.'fo th�s end the pruvis�on4of this Scrunty lnstrurn�.�t and the
<br /> �tiaie a;e Geclareii tu be aeverable.
<br /> 16. Borro�►tr's Copy. Horrower shall be given one confarTTicd c�rry�oi thr ti:;,e and of'thia Security Ir:str•±ment
<br /> l�. Ttanster a.S r.�t� p�mpe�ty nr a Ber,.c/i�;ial Interest ln Burr;;�er. If'aU at any Eier1 oP the Propeet;� c�r aay
<br /> mterest m i:is sold or tcW..sier.red�:;r�f a hene�ic<a;�nterest�n Horrower�c se�1d�,*ir:�n�ferred and f3nrr�wer is r�:i� aatura!
<br /> person)kicl�out Lender's pnor r�r��ten c�nsent, I,ender may,at�ts opttnn,require�mmed�ate paymem in fu3�rryY3 sutns
<br /> secured by this 9ecutity Instrurner.;. Howevet, th�s uphcro shall nat be cxerc�sed by l.ender if exercise is pre'.:::�ited by ,�. -:_ -
<br /> federal law;�s�f the date of th�s 5ecunty Instrurr.cnt. ,
<br /> IPLender eaercises this aption,Lender shall g�ve$otrower not�ce of acceleratron. 't he nottce shall prov�de a period
<br /> of not lessihan 30 days fram the date the not�ce�s delivered nt mailed within which Hnrrower must pay all cums securcd by
<br /> this Security lnstrument. If Horrawer fuilc to pay these sums pnur to the expirahan of this pencHi, Lender may�nvoke�ny
<br /> remedies perm�tted by th�s Security Instrument withnut Surther nouce ur demand on Iic,rrr�wer
<br /> I6.Borrower's ltlg6t to Reinstote. If F�orrowcr meets ccrt�m ccmditums, Horr��wer chal) have thc nght tc.havc ��,
<br /> enforcement of th�s5ecurtly lnstrumer�t d�srur�tmucd bt any tur�e pnc�r tu ihc earlier of (��5 day�,lur�uch���her prrurd as �
<br /> I appltcable I�w ma}•s�erii'y fc�r rcm5latemenU before sale c�f the Prnper�y punuaut tu anr puv►cr nf salr c�mtamed in thir �C�
<br /> �� Sec;unly lnstrurncnt,e�r fh)entry of a�ud�ment enG,rc�n� th��5ccur�ty Imtrument 7h���.r ccmditumti.+rc�haF N��rr��t�rr .#}
<br /> (b) pays Ixnder all 4um4 which then w��utd he duc under thtc 5ecur�ty �n�Irument and the tinte had n��ac�eteeat�rn �-E
<br /> cx:rurred, (b�cures au_v default e�f an} nther re►�enantc or �greementti; !cl p:ty� ;�iS e�(remr_•ti u,�isrrrd in en:uuirs�: thi. ���.,�
<br /> Srcunly InStrument, �r►:luding, but no£ iirnt!ed tc�, reasnnahle �tte�n►ey�' fceti, ansi (dl take. .u:h ec�ic�n :+� 1 endr: rTiey ,
<br />_ • teasonably re;�u�re �n a5rure d�at the hen c�f ttus SecunEy� In�lrumer�t. i.eruier'� n��ht� �n titr ('rt���c�ty ancf ii��rr�+��er'� .
<br /> ��bfEp,�rrcm tt+ ps}• the 54tY14 ceti.ureJ b� tF��� Stc�urety ItltiltlliTirllQ �ha![ _��r::�n�.�� u;,�t�,�;�fect E ��•r. Tcm�,tuu•�r�rs�t i.ti
<br />� ��Offf►wC'(,IE/I'��eEUit�� In�trumenr and thr s,�lilR;ttu�t�s�ecureQ bereh� �f1:ill ff'i71dIR 7���) C�f��titC,��1� '��•,t.i�'�t'Idll:�:�lld��
<br /> �tic.urre<f Ht��C�ft.I�tlSttEfFy}ffifP1i15L'sl1CSFlifllflt7F 7(1`�(y11.:�ICCi1te'1�1 I�t�'�CLiI; "� '�'7��"1 j�.lt:tF;7d�.:r. 1 � d �
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