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<br /> - � 10i�2�
<br /> � If Laider roquired mortgagc iasutastce as a copditiaa af ms�icing the loan sxura�by this Security Instruraen�
<br /> BonOR'��P�Y�P��mqc�ted to maiittain the insuraace in etfect uatil sac6 time as the r�quiremertt for tha
<br /> i�uranee rerm�inates w.�ccardance aith Boaaxa�s and Lenckr's written a�t 4r a�pli+�Gk taw.- .
<br /> � �e�os•a Ldr¢Rr or.iss a jeat t�y malce.reuonible entriss apon�nd ins�ections of the Praperty.Lendes
<br /> shsli give Bonower notke at the time nf or priar to an inspection specifyinS reasot�sbte causG for the iaspoctinA. . .
<br /> 9 Coadeastttoa. �Tde proceeds oPany awa;d ar cfaim for damages.direct orconseguential.in c;onnection wit6
<br /> aay condemnati�A or atDtr taking of ar►y part of the Property.or far caeveyance in Iieu of condcanns�tioa,ue hvtbY ,
<br /> , ` atsigaed aad sl�a!!be paid to Lender.
<br /> � In ehe eveat of a total takiag af tltc Praperty,tiic proc�eds shall.6e applied to the sums secutad by this Socurity
<br /> � tastnunent.whethec or aot thcn dtt�with aity excess pwl to Batrawer.Io the evcnt of a partiul talting af the Ptaperty,
<br /> � untas Borrowu and Lertdrr othcrwise agtee in writing�thc sums secured by this Security Insirument shall be rrt�ucod by
<br /> the amouat of the procceds mWtiplied by the following�caction:(aj the total amount af the sums sa:ured imiaedistety
<br /> bd'une We taking,divided by(b)the fair marlcet valua of the Progerty immediately before the tatcing.Any balance shail br
<br /> paid to Bomawer.
<br /> If the Property is abandoned by 8omnweT,or if,afler notice by Leadet to Bonower t�at the condemnos offeis ta `
<br /> maka azt award or settie a claim for damages,Humower fa�s to respond to Lat�cr witbin 30 days after thr date tLe notice is �, .
<br /> BiYm;�ender is suthoriud to coAut aad apply tlie praceeds.at its option.eiiher to restoration or repair of the Proper[y or
<br /> ta the sums secured by tbis Sec�rity Instrnment,wbetheror nat then dua
<br /> Unless Lender and Borrawer ott►erwise agroe ia wtitittg,any applieation of proceeds ta priacipai shall not extead or
<br /> ; postpone the�3ue date of the monthly pa�,7nents referred to in parag�apl�s 1 and 2 or chauge thc amount of such paymcats
<br /> 10..�rower Not Reieas�d; Forbearance gy Lendts 1Tot a Wa[rer. Extension of the time for paymeat or
<br /> modificati�`of amortitation of tbe soms secure�i by this SecmiRy.Lnstrument granted by Lender to any succasar in :-•.
<br /> - �intetest of�awa shall not operate to release the Gability of the originaT Borrower or Horrower's successors in ir�.: �
<br /> Lender shafi.�ai be required to comraerece praceaiings aga3ms�any sucassor in interest or refiue to extend�f"ar
<br /> payment or�Cwise modify amortization of thc sums seeure�b4�his Security Instrument by re�son afany d��sttade
<br /> by the ori�Borrower or Borrowct's successors�n enterest.Any.forbearaa.�6y�.ettder in eaercising at►y rig�tflT gemedy
<br /> shail not be a waiver of or preclade the exercise of asay a�aght or remedy. :
<br /> . il. Saee�ssors�sd Auigos Bwmd;Joint wn�Stretsl Liability;Co-sfipera. �e covenants arid agm�raents of �:� s
<br /> ' . this 5ecurity.Instnunent shall bind and 6cr�e5i the successors afii dassigns of Lerider and S�rrower,subject to the pz�isions °
<br /> i of paragraPb 17.Borrower's covenants a„�d agreesnents shai�6e jvint and several.Any�awer who co-sigas this Secs�sity
<br /> � Insttnment bui does not�execute the IC�te:(a)is casigning this$ecurity Instsument only to mortgage,grant and a�,zy
<br /> � _ ihat Bonowes's interest ae�i the PropeRy under the terms of this Security Ir���c�.m�ent;(b)is not personally obligated t�gay
<br /> the sums securod by this�ecurity Instrument;and{c)agrees thai•Le�ader a�^.�any oiher Hosrower may agree ta�x*.e�nd,
<br />- madify,forbear o�make any accommodations with regard ta tE�e s¢rms af tt,us Security Instrument or the Note�r�if.�ui
<br /> ; ttu�t Borro��r'sconsent. �
<br /> 12. Ir�4n Chuga. If the loan secured by thss Securiay Yn�trument is subject to a taw which sets maxim�taan � -
<br /> c�arges, and Ehat law is finally interpreted so t�.ahe interest or oiher toaa charges collected or to be caltecteti in ���.��
<br /> � eoransction with the 2oan exceed the Dermittod 1��i3s, th:n:(a)any sucb ta��charge shall be reduced by the amount '- �
<br /> ' n i4 tWuee the char e to the c �
<br /> . ��ry g permitted limit;and(b)any sums atrea��°coltected from Borrower which eRVeeded • �
<br /> permitted I�mita will be tefunded to Borrower.Lender may cII�aase to maice this refun•3 by redt�cing the princip�;���aed
<br /> , under the i1�`�ieor by making a direct payment to Borrower,lf a QeE�n�reduces prineipa},the reduction wiA be treate,��ss a
<br /> partial prepayment without any prepayment charge under the Note.
<br /> !3. I,egi�ution Afitctlng Lendes's RIg6t9. If enactment ar ea�9�ratian of applicable laws hac the etFect af � �
<br /> rendering any provision of the Note or this Security Instrument unenfarceable according to its terms,Lcnder,at its option. `
<br /> may requareimmodiate payment ia ful!of aU sums secured b�tl�s Security Instrument and may invoke any remecdi� kr.'�
<br /> permitted�i-y.�iaragraph 14.If Lender exercises this option,Lert��er.aha}I take the steps specified in the second para�r�.��f
<br /> pa�agraph i7:� , .��y.
<br /> I�. Nohces. Any notice to Borrower provided for in this Security i�;s�su;,3�^:shall be given by deliverin�s�or by '�"�
<br /> rri�sitir.g it by first class mail unless applicable law requires use of another m:traa;.�i'Eie notice shaq be directed to the �
<br /> Propertg A��acss or any other address Borrower designates by r.�ti:e to Lender.Any notice to Lender shaU be gi c�by
<br /> �pst c12ss c�.�:P��s I.ender's address statied herein or any ather a�3 tres���er��signates hy notice to Borrower. Any r�.�ice
<br /> g:.��i{ed Fox iti'this Security lnstrument shall be deemed to have�e�r gJ.rr���C�orrower ar Lender when given as prnc:3ed
<br /> �Cl��s yss�aa..•a�h. • ,
<br /> IS. f�yerntng l.�w;Se9erabil�ty. This Security Instrui�:nt sAall be gaverned by fedcrallaw and the law�f the
<br /> jurisdiction��m�3�ich the Praperty is Ia.:*.ed.In Ihe event�that a:r�r provision or clause of this Security instrument or the
<br /> � -Note eanfliets a��th applicable law,suc;��conflict shall not�aff'ect�othc�p"tovisions af this 5ecurity�lnstrument or the Note
<br /> which can be given eflect wlthnut the conflicting provision,To this end the provisions of'this Security lnstrument and the
<br /> Note are decJared to be severable.
<br /> 16. Harroxu'a Copy. Borrower shaA be given or.e conformed copy�F the Nate and oP this Security lnstrument.
<br /> S'f. Teaaiter of t6e Property or s&eeflcttl Intereat i�Borrower. If nll ar any part of the Pro�,erfy csr ony
<br /> interest in it is so[d or transfened(or if a 6eneRcial interest in 8orrower is sold or transferred and Borrower ic n�t a nalura! �
<br /> � persun)without LenQer's prior written consent,Lendet mny.at its option.require immediate p,�yment in full��f a!1 sums
<br /> secured by this Security lastrui►ient. However,this Rption sha1)eot be ezercised 6y Lender iPexerrise i5 prvhibited 6y
<br /> faleral It�w a9 of'the datt of this Security Instrument. �`---
<br /> If l.ender exercises this option.Lendet shall give Borrower rtotice of acceleration.Th�notice shaU pravide a pericrd �
<br /> . , �af not fess than 30days fram the date the netice is delivered or mailed within which Borrower must pay all sums secured by �
<br /> ., "�.�iis Security Insftturtrnt.lf Boaower fstils to pay these sums prior ta tht expiration oP this period.Lender may invoRe any '
<br /> ,,r�:�nedies permitte:�tsy thi��ecurity lnstrument wilhout further notice or demancl on Borrower.
<br /> . 1�•�orra�teus��to Iiefbstate. If Banawee metts�r.ertaia sQadiiiQny,Satt�tvet sba!!#savc thc ri��t to hsvr � `
<br /> enfoicemrnt of fltis�6curity lnsirument discontinued at any time prior to the earlier of:(a)5 days(nr surh aiher periad as �
<br /> applicabte lgv►F inay sperify far reinstatemtnt)before sale af'the Property pursuant tn any p�nwer�iP sale'c-mtained in thi� �
<br /> � Security.Instrument;or(b)entry af e judgment enfc�rcing this 5ecurity Tnstrument.Those c�mditions are Ihat &urower:
<br />. te)psYs Lender ep sums which then would 6r due under this Security tnstrument and �he Note h.ad nn urcelera�ion r-
<br /> ui:cnrred;(b)cures�ny dePault of any other covenants or agreements; (e�p:tys�11 ex�xnse� iucurted in enfcrrc'tng this - �
<br /> _ Security Inatrurnent��ncluding,but nvt limited to,reasonable r�tromeys'fc�rs;artd td)tak�s sueh aetrc�n�s Lender may , �
<br /> reasonably requirc te assure that the�lrNn of this 5rcurit lnstcuti:er�t, ' , � r ,
<br /> abli tinn tti y �der s nghtc in th�PrnperEy and I�.rrr��;�•er'c � :_
<br />: � pay the sums �eeured tsye thi� 5ecurity insfru,�en�-'s6s1�1 ccmtinue un��hr�n��d_ tr�i�,n.reius�s!=s.':*tnes�t tsy
<br /> Harrriwer,thisS�curity lnstrurinent andlheahligalitin.vstctsted;�i�rebyshatl�ema�in fulty rlTechveas ifn��ai•ce7etah��n had
<br /> nccutted.t4etiwtvet,eh�s ngh�to remstnte shnll nc�t appJy in Ihscaseaf�r.celeteti:tn�under paragraphs 1�or 1�.
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