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<br /> ' If Lead+c� :siret! ��as�¢:�oadit' `a€maki�s thr iaan
<br /> . �- ; � . n9 �a�Ht �xi g s�td DY this Security Instrt�ment, �
<br /> � ' � 8orrower s�alt gag tha pramiums reqnirrdto maietani�iie insvrance�effect until such tirat as tbe requiremmt for tt�e
<br /> • inswance td�minates iti aocordancevpith 8orcower'sarid�r's written agceement or appiicable taw.,. �
<br /> ' . . ' 8. Ia�cctios. �.sudcr�ar its ages�t may make ressanabte entries upon and inspoctians of the Fmperty.Lender
<br /> " shali g'zve Borrawer notice at the ti�e of or prior tn an�speetion specifyi�g reasontable cause for the inspoctiori. � �
<br /> `: - 4 Co�ieeeaLio�. 'rhe proceeds of any award or ciaim far daa�ages,direet ur wnsec�eatial,ia eonnection with
<br /> -� uiy condemnatiun or ottier taicing of aay part of tbe Pr�erty,or for coaveyance in lieu of candannation,are hereby .
<br /> ' ' if31�M1EC��#�Sl'Itv bt.p�t�t0�.tlidCl. . ::.', .. ;:A;;:.. .
<br /> ( .. • `•c';'. .
<br /> �..�tir':i1€e�vea&�a�Cotal t�king of th�Property,t���s��e appf'rad tQ t�e sus;zs-s�r��g�s Se�-�;:;:. ,: -
<br /> � .,Ittsti.�it�ti�,'ivbtther��not thm due,with any exc�s pa�z�Btnirooc�ei:�s the event af a partia�`taking ofthe Proj�erty:..°�`� .
<br /> : ��.unlc�,s��er and L-atdu otherw:se agee in writiag,the sums secured by this Secusity Instr�ment shall be r`oducaf by . �
<br /> 1 , t�e amaunt af the procee�s muhiplied by the following ftacrian:(a)the total amaunt.of the swns secwed immediatety �
<br /> ; befort thc taicing,iiivide�by(b)the fair market va�lue of the PraperEy immediatety lxfare We taking.Any batance shall 6e • .
<br /> - � ; - psid to Horro�ver. � .
<br /> , ;. If the Propaty:is abandoned by Borrower.or if�after norice by Lenderta 8nr�ower that the condemndr offers to • �� �
<br /> , make AA award or settte st clxim for damages�8oaower fails ta respdnd to Lender within 30 days after the date the notice is �
<br /> ' � givEn,Lender is anthorized to cc3tlect and appty tht praceeds,at its optian,eit6er to t�.storation or repair of the Proptrty or .. � •
<br /> � to the sums secured by this Security Instrument.whether or not then due.
<br /> . � Unless Letider And Borrowcr otherwise agra in writing�any apptication of pracecds to principal sha}1 not entend or �
<br /> � � . postp�one the due date af tha manthly paym¢n��refe�red to in patagraphs 1 and Z ac change the amount ef�suc6 payment�, '
<br /> , . ia Borrower Not Reka�ed; Forbeanece�8y Lender Not a'WaJver. Eatension of the time for payment or
<br /> � modiRcation of amortilation af tKe sums securt4 by tbis Security lnstrument granted by Lender to any saccessor in � °
<br /> � , interest of Borrower shal!noi operate to release the liability Qf the uriginal Borrower or Borrower's successors in interest.
<br /> � Lender shaII not be required to commence prnceedings ogainst any succeasor in interest"or refuse to eatend time for � �
<br /> payment or otherwise modify a�ortization of the sµms secared by this Security Instrument by reason of ai►y demand made
<br /> by the original�iorrower or Bonov►er's successors in interest.Any forbearance by Lender in exercising any right or remedy
<br /> s1�11 not be a waiver of'or preclude the exercise ot'any right or remedy. �
<br /> � ii. Snccessars aed Asstgaa Boand;Joint�nd Seveml Lia6ility;Co�sigrters. The covenants and agreements of, �
<br /> � th�s Secutity lnstrumeht shall bind and benefit the successors and assigns of Lxnder and Bonower,subject to the provisions .
<br /> ' of paragraph 17.Borrower's covenants and agreements shall be joint and several.Any Borrower who co-signs this Security
<br /> � Instrument but does not ezecute the Note:(a)is co-signing this Security Instrument anly to mortgage,grant and convey �
<br /> , that Borrower's interest in the Property under the terms of t�is Security Jnstrument;(b)is not personally obligated to pay ` _�'
<br /> ! the sums secured by this Securiry Instrument;and(c)agrees that Lender and any other Borrower may agree to extend, � �
<br /> modify,forbear ur make any accammodations with regard to the tertrs�f this Security Instrument or the Note without .. -
<br /> ; that Honower's consent. �
<br /> � !�. Loan Cliarges:� If t�te loan secared by this Security Instrument is subjecr to a law which sets maaimum loan . __
<br /> , , . chargesy and that !aw is finalty �nterpreted so that the iruerest or oiher loan charges collected ar 10 be a:Ilected in -
<br /> . � conncet;�-� with ihe loan exceed the pernutted limit,�,t�:�t: (a)any such loan charge shall be reduced by the amount �, `
<br /> " neeessary to reduce the charge to the pertnitted Jimit;and(b)any sums atseady collected from Borrowcr which eaceeded '��
<br /> • ! permitter!timits wili be refunded to Barrawer.Lender ma�choose to make this refund by reducing the principal owed • �
<br /> f under the�tute or by making a direct payment to Bonowe�r.BPa�refund reduces prinsipal,the reduction will be treated as a �.
<br /> � partial Q�eapayment without any prcpayment charge under t�:e Note. . . ,
<br /> � 13. Lsgtslation Atiteting Lender's Rights. Ii'enactment or eapiration of applicable laws has the e�'ect af �
<br /> � rendering any provision of the Note or this Security Instrument unenfc:��eable accarding to its terms,Lender,at its optian. '
<br /> , ; may require immediate payment in foll of aP;�ums secured by this Security lnstrument and may invoke any remedies
<br /> � pesmittod by paragraph 19.If Lender eaercises this option,Lender sha11 take the steps specified in the second paragraph of
<br /> � paragraph 1?.
<br /> . 14. NuHces. Any notice to Borrower pravided for in this Secrsrity Instrument shall be given by delivering it or by ;��
<br /> ! . mailing it by flrst etass mail unless applicable law requires use of another method. The notice shali be directed to the �.
<br /> Property Address or any other address Borrower designates by notice to L.ender.Any notice t�I..ender shall be given by
<br /> ; first class mail to Lendet's address stated herein�r any other address l.�nder designates by notice to I3orrower.Any notice
<br /> . provided for in this Security lnstrument shall be dEemecl to have been given to Borrawer or Lertder when�iven as provided
<br /> ' inthisparagraph. . . .. .. .- ---- - ._... . ... ... ._.... ... ... . .. .... _. . : ... _._.._.. ....-�-�---�- ----. . . .
<br /> � l5. Governtng Law;Severnbilhy. This Security Instrument shall be gnverned by federai iaw attd the law of the
<br /> ! jurisdiction in which the Property is loeated.ln the event.that any provision or cla�se af this Scrurity Instrumrnt ur thc
<br /> ; Note eonftiets with applicable law,such canflict shall not affect other provi�;ion�:.of this 5ecurity Instrument or the Note
<br /> which can begiven effect without thc conflicting pravision.To this end the pravisions c�f this S�curity Instrument and the
<br /> i Note are declared to be severAble.
<br /> , 16. Borrowtr'a Capy. Bonower sha11 be given one conformcd copy of the Note and of this 5ecurity lnstrument.
<br /> , 17. Transfe�ot the Property or a Beneftcial lnterest in Dorrawer. If all c�r.any part �f the Yraperty or any �
<br /> interest in it is sold or transPerred(or�f a beneficial interest in Aorrower is sald ot transferred and�orrower is noi a natural
<br /> � person)without I.ender's prior written consent.Lender ma},at its option. require immediatepaymen!in fnl)of ull sums
<br /> secured by this 5ecurity lnstrunient. However,this option shalE :c:�e rxercised l�y Lrnder if exer�i�e iti prohibited b}• _—_ _ __
<br /> federal)aw ns oFthe date ef'this Security lnstrument. ; -'.
<br /> , . 1f Lettder exercises this option.Lender shall give Bcrrower notice of acceleration.'fhe nc�t:ce shaii ptz+ti ic3e a periud
<br /> ,_.,_.. , ofnni?�ssthan30daysfromthed:ietherteticeicdeliverer;nt�taitcdwithittwhic���rn�rtmcts!•pay�s��securedby .
<br />' thisS�:ity]nstrument.If Borrower fails to pay these s�rrs�rior to the expiratron ef this period,Lender cra; invuke any �
<br />, remea:es permitted by this 5ecurity Instrument without furt3:�t notice or demand on Horr��wcr. � �
<br /> iS.Borrower's Right to Reinstate. � lf Horrower meets ccrtain condiiions. $orrowcr sha11 havc thc right tn h:,vc � �
<br /> enforcement of this Security Instrument discontinued at any time prior to the carlier vf:(aj 5 day�(�r�uch��d�cr period as
<br /> � ap�licable law may speciPy far reinstatemt-nt)bcfore salr�f the Praperry pursuant to any po���cr of sulc c�ntaincd in thi�
<br /> SceuriEy lnstrumeni;or(bj entry af a judgment enforcing this 5ecurity I�istrument.Tirosr c�,ttditi��ns arc th:�t t�urr��wer. d.
<br /> (a)pays Lcnder all sums which Ihen would be due under this 5ecurity lnstrumcm and thr Ne�1e h.�d n�� .�rcrler.iti�ro � t�
<br /> aerurred; (bj.cures any defauft csi'any othcr rc�ven�nts nr agreer�aents: {ia�pa�s aII cxpe�.seti incurrec! ir! cnFi�rr�u�: tt�iy �
<br /> . • Secnrity instrument, including,but nt�l limited t�•. reuron:fh!e attcirneyti frci;and(d)takci Such acttan.+s I.crld��r m��� - � �
<br /> scason�bly rcyuire tr�a�yure that thc lie�� e�f this Security lns�rumcnt. Lcnclrr`s rt�:htti in thc I�to�crLc .ind l�urriyaer'. � ;��
<br /> . .. ._ .
<br /> ' ... obligatiun_.tc�.pay ihc.�am�sc;cllrrd by �hs� �ccurity I��Strumcnt tih�ill L<n�tiauc• u��c;l�ar�gc�i 1'f�Em rc��f�t.�tc�»�•��t #,F �r
<br /> � Aorri�w�er,thi�5ccurity Intitrument,utci the c�bligattnus seeured LereF�}+hat1 rctn.+iu fuliy e(1"crU�c a��f tu�arrefer;iti4m had
<br /> occurred.Hauever.tf�i�right to rein4t�ite�I�:�U nnt s�p�,ly�tn tl�c c:��e uParci•i��r.�hn�►undcr�,,i,��;r:�E,in 1?�,� i 7 .
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