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<br /> � Tf Lender required mortgage insurunce as a candition af making the loan serured by this Security Instrument,
<br /> Borrouer shali pay thc prrrriums rcauircd to maintain the insurance in cffict until such timc as thc rzr�uir^mcnt far tht
<br /> insurance ttrminates in aeeordance with Borrower's and Lender's written agreemenl or Applicable law.
<br /> S. Ia�pection. L�nder or its agenE may meke reasonable entries upon and inspections of the Property. Lender
<br /> shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br /> 9. Condeannation. The proceeds of any award or claim for damages,dircct or consequential,in connection with
<br /> any condemnation or�ther taking of any part of the Properiy. or for conveyance in Geu of condemnation, are hueby
<br /> assi�ned and sha116e paid ta Lender.
<br /> , In the event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Secusity
<br /> Instrument, whether or not then due,with any eacess paid to Borrower.In the event oPa panial taking of'the Praperty,
<br /> unlcss F3orrower and Lender otherwise agree in writing,the sums secured by this Security lnstrument shall be reduced by
<br /> the amount at'the prcee�ds multiplied by the foltowing fraction: (a)the total amount of the sums secured immediately
<br /> before the tuking,divided by(b)the fair market value oFthe Propeny immcdiately beforc the taking.Any balance shall be
<br /> paid to Bonower.
<br /> � If the PropGrty is abandoned by Iiorrower, cr if.after notice by Lender to Borruarer that the cendemnor offers to
<br /> make an award or settle a claim for damages.Borrawer fails to respond to Lender within 3fl days after the date the natice is
<br /> given,Lender is authorized to collect and apply the proceeds,at its option,either ta restoration or repair of the Pca��r
<br /> ' to the sums secured by this Security lnstrument,whether or not then due.
<br /> ; Unless Lender and Bonower otherwise agrce in writing,any applicatecT�af proceeds ta principal shall not extend or
<br /> � postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change the amount o�such payments.
<br /> ; 10. Borrowe� Not Releaaed; Fo�bearance By I.ender Not a W�iver, Extension of'the time for puyment or
<br /> ; modiflcation of amortization of the suzc�s s,ecured by this Security lnstrument granted by Lender to any successor in
<br /> F interest of Borrower shall not operate t�release the liability oP the original Borrower or Borrower's saccessors in interest.
<br /> ; Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time far
<br /> , payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br /> by the origiaal Eorrower or Borrower's successors in interest.Aay forbearance by Lender in exercising any right or remedy
<br /> ; shall nat be a waiver of or preclude the exercise of any right or remedy.
<br /> ; 11. Swccessors and Assigns Hound; Joint and Several I�Eability;Co•signers. The covenants and agree�a�ts of ,
<br /> this Security�r+strumem shall bind and benefit the successors anc�assigrs of�.Pndrr and Borrower,subject to the pr���isions ' '
<br /> o€paragraRh➢7'.Bonower's covenants and agreecc�ec2ts shall be jaint ana ser-eral. Any Borrower who casigns this Security
<br /> Instrument t��t daes not execute the Note:(a)is cc�-:�gning this Security lnstrument only to mortgage,grant and convey �' .�
<br /> that Borrav►,e�`s interest in the Propeny undtr the terms of this Security ]nstrument;(b)is not personally obligated to pay •
<br /> the sums secctred by this Security Instrument;and (c)agrees that Lender and any other Bonawer may agree to extend,
<br /> mod'tFy,forbear or make any accommodatinns w�th regard to the terms of this �uriiy In�i�uu�e��i ur�he ivote without -
<br /> - = ic�F avrrvwcr's consent. -
<br /> ' 12. Lwn Cl�arges. If the loan secured by this Security instrvment is subject to a law which sets maaimum loan �.�'�'~�,
<br /> charges, 2ur� that (aw is finally interpreted so that the interest or other loan charges collected or to be collected in , =
<br /> connection Rzsh the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the�rnount •
<br /> necessary to reduce the charge t�the permitted limit;and(b)any sums already collected from Borrower which eac�eeded �
<br /> permitted limits will be refunded to Bonower. Lender may choose to make this refund by reducing the principal owed
<br /> under the Note or by making a direct payment to 8onower. If a refund reduces principal,the reduction will be treated as a
<br /> . pariial prepayment without any prepayment charge under the Note. :�
<br /> � 13. Legislation AtfecHng Lender's Rights. if enactment or expiration af applicabte laws has the effect of' �
<br /> rendering any provision of the Note or this Security Instrument unenforceable according to its terms,Lender,at its optior+, � L �
<br /> may requirt immediate payment in full oP all sums see:ured by this Security lnstrument and may in�•oke any remedits :
<br /> p�rmitted by paragraph 19. If Lender eaercises this option,Lender shall take the steps specified in the second paragraph of �
<br /> , paragraph 17. ,�
<br /> � 14. Notiees. Any notice to Banower provided for in this Security Instrument shall t�e given by delivering it or by ��
<br /> mailing it by first class mail untess a�plicsble law requires use of another method. The notice shall be directed to the '
<br /> ' Property Address or any other addeess Borrower designates by notice to Lender. Any notice to L.ender shall be given by
<br /> first class mai)to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice
<br /> provided for in this Securet�•Instrument shall be deemed to have been given to Bvrrower or Lender when given as provided
<br /> in this paragraph. '
<br /> 15. Governing I.a+r;Severability. This Security Instrument shall be governed by federal law and the la�a•of the
<br /> jurisdiction in which the Propeny is located_ In the event that any provision or clause of this Security Instrument or the
<br /> N�ote Confliets with applicable law,such conflict shall not affect other provisions of this Security Instcument or the Note
<br /> • which can be given effect without the conflicting provision. To this end the provisionc of thi�Security lnstrument and the
<br /> h;ote are c�ec�ared to be severable.
<br /> �6. Borrower's Copy. Borrow-er shall be given one caRformed copy af the hate and of this Security IhKcrument.
<br /> ' 1't, Transfer of the Property or n BeneRcial Interest in Borrower. If all or any part of the Propert�� or any
<br /> interest in it is sotd or transferted{or if a beneficial interest in Borrower is sold ar transferred and Borrower is not a natural
<br /> person)withaut Lender's�rior written consent.Lender may,at its option,reyuire immediate pay ment in full of ali sums
<br /> seeured by tt�ss Security Instrument. However, this option shall not be exercised by Lender if exercise is prehc�ited by _ ___
<br /> federallaw as of the date of t his Security Instrument. '-
<br /> If Lender exercises ihis optian.Lender shall give Borrower notice of acceleration.The notice shall provid�a period
<br /> of noi iess than 3G days fram the date ti�e nutice isaeiivetcu vr n'�u�led:���hin s�•hic:;Sorrou�r�us� Fra�a1i�wu��ct:urc�i�y �
<br /> this Security lnstrument.If Borroa•er fapls to pay the�e cums prior to the expiration of this period. Lendcr may�nvoke any
<br /> remedies permitted by this Security lnstrument without further not�ce or demand on Borrower. '
<br /> IB. Bocrower's Ri�,ht to Reinstate. If Horrower meets certain conditions, Rorrower �half ha�e the right to have t
<br /> enforrement of this Security Instrument disc��ntinued at any time prior tc�the earlier of�1a)S days(or such other penod at �
<br /> L applicablc law may speci4'y for rein�tat�rnent)before sale af the Proprrty�pur�uant to an}� pc�wcr�f sale contained in this �
<br />_ Security lnstrumrnt;or(b) entr}� of a�udgmer�t enl�rcing this Securuy In�trumem 7 hrne c��nditi�m<<►re that �3t�rrow�cr.
<br /> (a) pays Lender all sums which then w�ould be due under thi5 Secunty In.trument and the Vc�tc had no accrleration t��
<br /> occurred; (b) eures any default of any vthe� reneriants or agrecmentti. (c) �a}� all expentie� mcurrrd in enf��rcing this �(
<br /> Secuniy Instrument, �nclud�ng, hut nert limited t��, rea.unahle attnrne��'fee�. ;�nd(ci► tal.c�. �uch :+rhem c�ti I.ender rna� ��
<br /> reas�nably require t�� a��ure that thc hen of thi� Secunty Intitrumen�. l.encier'� ri�ht� in the I'r���,rrt� an�1 Hnrr���acr'�
<br /> obligt�hott t�� pa} thr tiums secured hy thi� Secutit} Intitrument �hall <<•nhniu• u���hen�,c•d l ����n re�ii�tatetn�•nt h�
<br /> F3�rrower.t hi•.ti:�•unty In:!:ument ar:d :hc nhl��as�:,m�ec.„::d h�rsa•h: �t�.�ll:.�n.i c n fui 1� ctli•�t��c.��if n��.,�rc•Irr.,t i�m h.i�1
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