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<br />If Lender required mortgage insurance as a condition of making the loan secured
<br />Borrower shall pay the premiums required to mitintain the insurance in effect until such tit
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or appli
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspec
<br />shall give Borrower notice at the time of or prior, to an inspection specifying reasonable cause
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or con:
<br />any condemnation or other taking of any part, of the Property, or for conveyance in lieu
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the!
<br />Instrument,. whether or not then due, with any excess paid to Borrower. In the event of a I
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security It
<br />the amount of the proceeds multiplied by- the fallowing fraction: (a) the total amount of t
<br />before the taking, divided by (b) the hair maxtei value of the Property immediately before th
<br />paid to Borrower.
<br />If the Property is abanda)ted by Borrower, or if, after notice by Lender to Borrower
<br />make an award or settle a claim fir damages,. So, rrower fails to respond to Lender within 30 c
<br />given, Lender is authorized to collect and apply tiie proceeds, at its option. either to restorati
<br />to the sums secured by this Security Instrurrtettt, whether or not then due.
<br />Unless Lender and Borr'ow'er otherwise agree in wrtrmi s, any application of proceeds t
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change
<br />10. 9orrnwer Not Rglesmed; Forbearance By Lender Not a Waiver. Extensior
<br />modification of amortization, of the sums secured by this Security instrument granted b;
<br />interest of Borrower shall natioperate to release the liability of the original Borrower or Boa
<br />Lender shall not be required; to commence= proceedings against any successor in interest
<br />payment or otherwise modify~ amrctrtization of the sums secured by this Security Instrument t
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in t
<br />shall not be a waiver of or preclude the exerci sc of any right or remedy.
<br />11. Successors and. Assigns Hoand; Joint and Several Liability; Co- signers. The
<br />this Security Instrument shall birufa'ad benefit the successors and assigns of Lender and Borr
<br />of paragraph 17. Borrower's covettuirts and agreements shall be joint and several. Any Borro
<br />Instrument but does not execute: the Note: (a) is co- signing this Security Instrument only u
<br />that Borrower's interest in the Property under the tetras of this Security ]instrument; (b) is n
<br />the sums secured by d is-Security Instrument; and (c) agrees that Lender and any other B
<br />modify, forbear or make any - accommodations with regard to the terms of this Security In
<br />that Borrower's consent.
<br />12. Loantharges. If liar: loan secured by this Security Instrument is subject to a I
<br />charges, and that law is finally interpreted so that the interest or other loan charges a
<br />connection with. the loan exceed the permitted limits, then: (a) any such loan charge she
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected fr
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund b3
<br />under the Nmte or by making a direct payment to Borrower. If a refund reduces principal, th,
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of app .
<br />rendering any provision of the Note or this Security Instrument unenforceable according to i
<br />may require immediate payment in full of all sums secured by this Security Instrument a
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specif
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall
<br />mailing it by first class mail unless applicable law requires use of another method. The r
<br />Property Address or any other address Borrower designates by notice to Lender. Any noti
<br />first class mail to Lender's address stated herein or any outer address Lender designates by n
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or I
<br />in this paragraph.
<br />15. Govert>WSTAw; Severability. This Security. Instrument shall be governed by
<br />jurisdiction in which the Property.is Iocated. In the event, that any provision or clause of if
<br />Note urnfiiets with applicable law, such conflict shall not affect other provisions of -this Sec
<br />which can be given: effect without the conflicting provision. To this end the provisions of thi
<br />Note are declared tahleseverable:
<br />16. Borrower $ Copy. Borrower shall be given one conformed copy of the Note an
<br />17. Traaster of the Wa+perty or a Beneficial Interest in Borrower. If all or an)
<br />interest in it is sold or transferr, -tip (or if a beneficial interest in Borrower is sold or transferred
<br />person) without Lender's prior written consent, Lender may, at its option, require immedia
<br />secured by this Security Instrument. However. this option shall not be exercised by Lend
<br />federal law as cif the date of this Security Instrument.
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration. Th
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this p
<br />remedies permitted by this Security Instrument without further notice or demand on Borrow
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrows
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) `.
<br />applicable law may specify for reinstatement) before sate of the Property pursuant to any p
<br />Security Instrument; or (b) entry of a judgment enforcing this Security instrument Those
<br />(a) pays Lender all sums which then would be due under this Security Instrument and t
<br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expem
<br />Security lw- trurnent, including, but not limited to. reasonable attorneys' fees; and (d) rake
<br />reasonably require to assure that the lien of this Security instrument, lender", rteht% in
<br />obligation to pay the sums secured by this Security instrument shall continue unchan
<br />Onrrv%er, this Securit) instrument and the obhbaitons secured hereby shall rernarn fully eft
<br />OL( rand Hoac,Cr. thi4 right to reinstate Shall not apply in the caw elf ac der.►h,ur under par
<br />-100272, ,
<br />he requirement for the
<br />►w.
<br />F the Property. Lender
<br />inspection.
<br />ial, in connection with
<br />demnation, are hereby
<br />cured by this Security
<br />akikg of the Property,
<br />mt shall be reduced by
<br />&.secured immediately
<br />;. Any balance shall be
<br />to condemnor offers to
<br />ear the date the notice is
<br />!pair of the Property or
<br />ipal shall not extend or
<br />)unt of such payments.
<br />time for- payment or
<br />er to any succeswT. in
<br />; successors iii interest.
<br />an to exxlend, time for
<br />in of any demand made
<br />ng any right or remedy
<br />►nts and agreements of
<br />abject to the provisions
<br />o co-signs this Security
<br />;age, grant and convey
<br />onally- obligated to pay
<br />F may agree to extend,
<br />rut or the Note without
<br />ch sets maximum loan
<br />I or to be collected in
<br />Muced by the amount
<br />-rower which exceeded
<br />ing the principal owed
<br />tion will lac: treated as a
<br />laws, has the effect of
<br />s, Lender, at its option,
<br />V invoke any remedies
<br />ie second paragraph of
<br />:n by delivering it or by
<br />hall be directed to the
<br />ender shall be given by
<br />Borrower. Any notice
<br />when given as provided
<br />law and the law of the
<br />trity Instrument or the.
<br />nstrument or the Note
<br />ity Instrument and the
<br />is Security Instrument.
<br />if the Property or any
<br />►rrower is not a natural
<br />nent in full of all sums
<br />ercise is prohibited by
<br />shall provide a period
<br />)ay all sums secured by
<br />.ender may invoke any
<br />have the right to have
<br />or such other period as
<br />f sale contained in this
<br />,)ns are that Borrower:
<br />!e had no acceleration
<br />►rred in enforcing this
<br />action a, I ender r*tay
<br />1perty and Horro%cr *%
<br />p,m towk atement by
<br />if un., , c 1, r.Wnn had
<br />Ir,•r 17
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