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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such three as the requirement for the
<br />insurance terminates in`accordance with Borrower's and Lender's written agreement or applicable law.
<br />11, Iagecdon. Lender or its agent may snake 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. Coadentastloa. The proceeds of any award or claim for damages, direct or consequential. in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event eta total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless B mower and Lender otherwise agree in writing,, the sums secured by this Security Instrument shall be reduced by
<br />the am6 t of ft.. proceeds multiplied by the followiM fraction: (a) the total amount of the sums secured immediately
<br />before the UMD& divided by (b) the fair market vale of the Property immediately before the tacking. Any balance shall be
<br />paid W Dam%w.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make qa award or settle a claim for damages, Rorruwer foals to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apps y.the proceeds, at its optxorr, eirber to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whet)eer or not then due..
<br />Unless Lender and Borrower otherwise.agrce in +rifting, any 4p tgadon of Proceeds to principal shall not extend at.
<br />postpone the due date of the monthly payments refused to in parattrz;s I and 2 or change the amount of such payments.
<br />M Borrower Not Released; ForbearsawBy I Net s' Walver. Extension of the time for payment or
<br />modification of amortization of the sums secured by. this Security. Instrument granted by Leader to any successor in
<br />interest of Borrower shall not operate to release the liability of the dti&al Borrower or Borrower's successors in interest:
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time: for
<br />payment or otherwise modify amortization of the suns secured by this Security Instrument by reason of any demand'ma de
<br />by the ediginal Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any riSht or remedy
<br />shalt, no tbea waiver ofor preclude the exercise ofany rigttlt'caremedy.
<br />11. Sommme+s and Amigm Bound Joint sad Segal Lial0ty, Co•algners. The covenants and agreements of
<br />this, sir -lUity Instrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to the provisions
<br />otpaa>tgaaph 17. Borrower's covemmnts and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12;, Lou Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, -and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary try reduce the charge to the permitted limit; and (b) any,sums already collected from Borrower which exceeded.
<br />permitted limits, will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />undtx'ft Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />pwtio repayment without any prepayment charge under the Nott.
<br />t3, Legislation Affeetiaa Lendees Right. If enactment or expiration of applicable laws has the effect of
<br />readc'ring any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option,
<br />may require immediate payment, in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />parsgtatth 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of attedrer method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shaft be Ov= by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Airy riotice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />IS. Governiag Lew; Severablilly. This Security Instrument shall be governed by federal law and tht law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security lastrament or the
<br />Note conficts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can.be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note arcs declared to be severable.
<br />. Id' Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />"17. Treader of the Property or a Beaeficlal Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person.) ,without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoice any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />It Borrower's Right to Reiastate. If Borrower mats certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this
<br />Security Instrument, including, but not limited to, reasonable attorneys' fees; and (d) takes such action as Lender may.
<br />reasonably require to assure that the lien of this Security Instrument, Lender's rights in the Property and Borrower's
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by
<br />Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17.
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