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<br /> � If Lender requir�d mortgsge insurance as a condition of making the loan secured by �his Security Instrument,
<br /> Borrower shall psy the premiums required to msintain the insurance in eRect untal such time as the requirement for the
<br /> instsr�nee terminates in aceordance with Horrowrr's and Lender's written agreemcnt or appticable law.
<br /> 8. lee�pe�tlon. Lendu ar ita�gent may make reasonable entries upon and inspections of the P�operty. Lender
<br /> shatl give Borrovver norice at tne tim�of os prior to an inspection specifying reasoaable cause for the inspection.
<br /> i'. C�ademwtion. The proceeds of any award or claim for damages,direct or consequential.in connection with
<br /> aoy condemnati�n or athrr taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br /> �ssigned und shsll be paid to Lender.
<br /> In the event of s�tatAl taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br /> Instrument,whether ar not then due,with any eacess paid to Borrower. In the event of a partial taking of the Property,
<br /> untess Bonower and Lender otherwise agra in writing,the sums secared by this Security lnstrument shall be reduced by
<br /> the am�nnt of the proceeds multipfiod by the following fraction: (a)the total amoant of the sums securcd immediately
<br /> befon the taking,divided by(b)the fair muket value of aE�e Ptoperty immediately�*eSore the taliing.Any balance shall be
<br /> paid to Borrower.
<br /> If the Ptoperty is abandoned by Bora�ww►er,or if,after notice b� Lender to 9orrower that the condemnor offers a�
<br /> malce a�awud or settle a claim for damages,Bonower Pails to responcP ao Lender within 30 days after the date the notice i�
<br /> �iven,i.�nder is authorized to collect and apply the proceeds,at its option,either tv s�estoration or repair of the Property or
<br /> to the srtms secured by this Security Instrument.whether es not then due.
<br /> L.ruless Iznder and Borrawer otherwise agree in wanting.any application oP�roceeds to principal shall not eatend or
<br /> postpone the due daco of the monthly pnyments referrod to in paragraphs 1 and 2 or change the amount of'sucb payments.
<br /> 10. Bomower Not Rela�ed; Fo�bearaace By Lender Not a Wai�er. Eatension of the time for payment or
<br /> modiflcation of amortitation of the sums secured by this Security lnstrument granted by Lender to any succescsor in
<br /> interest of Barrower shsll not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br /> Lender shall not be required to commence proceedings against any successor in interest or refuse tv extend time for
<br /> p�yment or otherwise modify amortization of the sums secured by this Security lnstrument by reason of any demand made
<br /> by the origina)Eorrower or Borrower's successors in interest.Any forbearance by Lender in exercising any righ�or remed�
<br /> shail not be e waiveraf or prxlude the exercise of any right or remedy. ,
<br /> 11. Succ�son and Asaigns Hound;Joiet aad Se�enl Li:bility;Casigners. The covenants and agreements of
<br /> this Security Instrument shall bind and brnefit the successors and assigns of Lender and Borrower,subjxt to the provisions
<br /> oPpsrigraph 17.Borrower's covenants and agreements shall be joint and several.Any Borrower who co-signs this Security
<br /> Instrument but doa not execute the Note:(a)is co-signing this Secucity lnstrument only to mortgage,grant and convey
<br /> that Botrower's interest in the Property under the terms of this Security Instrument:(b)is not personally obligated to pay '
<br /> � tyc yums securai by tnis Socurity instrument;anci(c)agrees�hat Lender and any other Horrower may agra to extend, - _°:
<br /> _ - f1�Af�1fY fAf�lrAf Af f�1fr A V S�f`f`Aff1 AAAt c w�t T�eAe : ` � {� 3��c fv 1 • *t,.•.. �---..
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<br /> t}I�t BOfl'OWG7�SCOI1SCIlt.
<br /> 12. Loan Chasges. If the loan secured bp this Security Instrument is subject to a law which sets maaimnm loan �
<br /> charges, and that law is finally interpreted so that the interest or other loan charges collected or to be callected 4-e . °
<br /> connection with the loan exceed the permittod limits,then: (a) any such loan charge shaU be reduced by the amonnt • '—
<br /> nxessary to reduce the charge to the permitted limit;an�(b)an�•sums already collected from Borrower which exceede� 3
<br /> permittod limits will be refunded to Borrower. Lender may choase to make this refund by roducing the principal owed r
<br /> under the Note or b}making a direct payment to 8orrower.Zf a refund reduces principal,the reduction will be treatcd as a
<br /> . partial prepayment without any prepayment charge under the Note. " �
<br /> ' 13. Le�sladon ARecting I�der's Rjghts. If enactment or expiration of applicable laws has the effect of ;
<br /> rendering any provision of the Note or this Security Instrument unenforceable according to its tertns,Lender.at its option,
<br /> may req�ire immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies s�
<br /> permitted by paragraph 19. If Lender exercises this option,Lender shall take the steps specified in the second paragraph of "" ,
<br /> paragraph 17.
<br /> : la. Notices. Any notice to Borrower provided for in this Security Instrument shaU be given by delivering it or by ��
<br /> mailing it by 8tst class mail unless applicable law requires use of another method. The notice shall be directed to the
<br /> Property Address ar any other address Horrower designates by notice to Lender.Any notice to Lender shall be given b}
<br /> first class mail to F.eader's address stated her�in or any other address Lender designates by notice to Bonower.Any notice
<br /> provided for in this Security Instrument shali be dcemed to have beeR given to Borrower or Lender when given as provided
<br /> in this paragraph.
<br /> 15. C�trning Law;Se�erability. This Security Instrument shall be go�erned by federa!law and the law of the
<br /> jurisdiction in which the Propert}is located. In the event that any provision or cla��se of this Security Instrument or the
<br /> Note conflicts with applicable law,such canftict sha11 not affect other provisions of this Security Instrument or the hote
<br /> . which can be given effect without the confiictLng provision. To this end the provisions of this Se+curity Instrument and the
<br /> Note are declared to be severaL��r_
<br /> 16. Borrower's Copy. Sorrower shall be given one conformed copy oP the Note and of this Secunty lnstrument.
<br /> 17. Transfer of the Property or a $ene8cial Interest in Borrower. if ali or any part of the Praperty or any
<br /> interest in it is soldor transferred(or if a beneficia)interest in Borrower�s sold�r transferred and Borrower is not a natural
<br /> . person)without i�eader's prior written consent,Lender may,at its option,require immed�ate payment �n full of al!sums
<br /> secured by this Security Instrument. However, this option shall not be exercised by Lender if eaercise is prohibited by
<br /> foderal law as of the date of this Security Instrument. '-�---"---
<br /> if IIxrider e;icrcisc�t;►is upiio�, I.ciide��s;sesl giic Go;ru�er aotic�of acce3er;,tion.The n��ice sha;l pr3ii�e a pe;�od
<br /> of not less than 30 days fram the date the notice is delivered or mailed within wh�ch Borrower must pay all cums secured by
<br /> this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period,Lender may invoke any
<br /> remedies permitted by this Security Instrument without further not�ce or demand on gorrower. �
<br />� 16.Borrower's Rjght to Rtiastate. If Borrower meets cenain cond�tions, Borrower shall have the nght to have
<br /> enforcement�f this Security lnstrument discontmued at any t�me pnor,to the earl�er of:(a)5 days(or such other penod as �t
<br /> L applicable law may specify for reinstatement)before sale of the Propeny pursuant to any power of sale cor�tained in this �',
<br /> Secunty Instrument;or(b)entry of a judgment enforc�ng this Secutity Instrument Those cun�itions are�hat Borrower: �
<br /> (a) pays Lender all sums which then would be due under this S�cunty Insttumen� and the '�ote had no acceleration r,,
<br /> oecurted; (b) eures any default of any other covenanu ar agreementS. (c) pays aU expense. �ncurred in enforcmg th�s ��
<br /> Sreurity Instrument,mclud�ng. but not l�m+ted to, reasonable attorne}•c' fees, and fd) takes �uch ar�i�n ac Lender may
<br /> reasonably require to assure that the hen of this Secunty Instrum.nt. Lender's nghts in thc Ymperty and l3orrower't �
<br />. Cvii6u�lOr if3 �'Sn� 1�1C iiSITIS SfECUfCv hi :+j71� J.°:�iS:y' ji1SIfU:iC.:� Sflai� C(::tliiu: i3:i��{�S.^.E,�v � j•�`^ re�ns+.a!emen! hy'
<br />" Borrow•er.th�s Secunt} ]nstrument and the obl�gat�ons�ecuted hereby tihali remam fuil} effect��r ati t(n<�accelerat�un had
<br /> cxcurred. Hnw�e�er,th�t nght to remstate shalt nnt appl�in the ca�e of a��eleratiun undrr�.uagrarh� 1���r l�
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