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<br /> 9�-- 1�3834
<br /> If Lendsr required mon�e iniurance a a oondition of makin� �hc lan securad by ehis Senu�ity lnstrumrnt, �
<br /> Barrower�hsll pny the prcmiums requitoc!to m�intaia the insurance in eA'ect untii such time as the roquirenxnt for the
<br /> i�auruke terntinatc�in�ccordance with Horrower's snd l.enckr'�written a{reement ar applicablt law.
<br /> �. I�ctioe. 4ender or its ajent msy make ressanable entria upon and inspections oP the Property. Lrnd�r �
<br /> shvl pve Bortower aatice�t the time of or prior to an inspection specifying ressonable cause for the inspection.
<br /> . f. C�wtie�. Tl�e proceeds of�ny arvud or claim for dams`es,direct or consoquential,in connection with
<br /> , any oandemnation or nther t�lcinj of xny qrt of the Property,or for convey�nce in lieu of condzmnation.Rre hercby
<br /> �ssipied aad shall be pud to Leeder.
<br /> In the event of a total ukina of the Propeny,the procooda shall be applied to the sums secured by thia Security
<br /> In�trumait.wrhethes or not then due,aith any eaoas paid to Horrowe�. In the event of s putial talcina of tl�e Property�
<br /> unlas Borrowrer�nd Lrnder otherwis�tp+ee in writin6.the�ums socural by this Security Instrumrnt�hall be reduad by
<br /> � the�mount of the proceeds multiplied by the follownng frution:(a)the totsl emount af the sums securad immad'utely
<br /> bd'orc the takinj.divided by(6)the fdr muket v�lue of the Property immediately before the taking.•Any balance sh�ll be
<br /> � paid to Horrorva.
<br /> ' If tb�Property i�abandoned by Bonower.or if.a�ter notia by Lender to Bonower thu the condemnor oRers to
<br /> � m�lce an a�vard or aettle a claim for dam�ges,Horrawrer fails to respond to Lender within 30 days aRer the date the notioe is
<br /> • � pvae.Lender is authoriud to colloct and apply the proceeds,�t its option,either to ratoration or repair of the Property or
<br /> ; to the sums secured by this Sccurity Insttt�ment.whether ar not then due.
<br /> Unleu Lender and Borran�er otherwise aaree in writing�any application af proceeds to principal shall not extend or
<br /> ' pastpone the due date of the monthly payments referred to in paraaraphs 1 and 2 or change the amount of auch paymenu.
<br /> , 10. Horrowes Not Rek�ei; Forb�asce Hy Leede� Not a Wdrer. Extension ef the time for paymrnt or
<br /> modi&�tion of amortiution of the sums secured by this Security Instrument ganted by Lrnder to any successor in
<br /> interest of Borrower shall not apera,te to nle�se the liability of the originsl Horrowrer or Borro�ver's successors io intere�t.
<br /> L.endtr shall not be roquired to commrnce proceedinas sgainst any successor in interat or refuse to eatend time tor
<br /> psyn�ait or othenvise modify amortir�tion of the sums secured by this Security Instrument by reason of any demand made
<br /> by the ori�inal Borrower or Bono+ver's suecetsors in interest.Any forbearance by Lender in exercising any riaht or remedy
<br /> , sb�U nat be a rvaiver of or precltide the exercise of any risht or remedy.
<br /> 11. S�eMOn ar�d As�ipf Hored;Jol�t a�d Se�enl Labil�ty;�o-si�er�. The covenants and agraments oP " '
<br /> thi�Security Instrumrnt shall bind and beneHt the succasors and assigns of'Lender and Horrower.subject to the provisions
<br /> of psrx�raph 17.Horrower's covenants arzd ssr�ents sh�ll be joint snd several.Any Borrower who co-signs this Security .
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<br /> �-�- - tipttWlKdt��NYt YtJGi t1Vt cAR�YK{ItO lVVlt:�M)/b 1.YTilaplils Ii113 7Ci'{illt�*lll'Jil!l�ttCll{Vitlr lV TIWI{�Y�G�af�fl��IIY�'VflrCr -. .
<br /> that Horrow�er's intenst in the Property undet the terms of this Security Instrument;(b)is not personally obliaated to pay ; 4
<br /> the sums socumd by this Security Insttument; and (c)agras that Lender and any other 8orrower may asree to axtend, -
<br /> modify�forbar or make any aocommodations with regard to the terms of this Secunty Instrument or the Note v►rithout �
<br /> thst HorroMer's consent. � .-
<br /> � 12. Lw��ar�es. If the loan secured by this Secunty Instrument is subject to a law which�is msaimum loan =
<br /> � char�a, u�d that larv ix flnally interpreted so thst the interest or other ic�an chuges collected or to be coqected in -.
<br /> connection �vith the loaa exeeed the permitted limits, then: (s)any such losn charge shall be reduced by the amount � _
<br /> neoesssry to redua the chuge to the pecmitted limit;�nd(b)any sums already collected Prom Bonower which exceeded
<br /> permitted limits will be refundod tu 8orroMer. Lender may choose eo make this refund by reducing the principal owed
<br /> under the Note or by makiaa a direct psyment to Borrower.If a refund reduces principal,the ceduction will be troated as a
<br /> putial prepayment without any prep�yment chargc under the I�iote.
<br /> 13. I�Non ARetti� L.e�der's RI=Mts. If enactment or expirat�on of applicable laws has the etfect of
<br />. renderin6 any provision of the riocG or this Secority Insteument unenforceable according to its terms,l.ender,at its option,
<br /> may require immediate payment in fu110�all sums secured by this Secunty lnstrument and rnay inv�ke any remedies : �
<br /> , permitted by paragraph 19.lf Lender exercises this option.I.ender shall take the steps specified in the second p�ragraph of
<br /> P�Srxph 17. ,..
<br /> l�. Notiea. Any natice to Borrower provided E'�ar in th�s 5ecunty Instrument shall be g�ven by detiivenng�t or by '� �
<br /> maiting it by 5rst class mail eenless applicsble I�w req�ires use af another mettsod. The not�ce shall be directed to the �
<br /> Ptopetty Addras or any other address Bonower designatts by notice to Lender Any not�ce to Ltnder shalt be g�ven by
<br /> first class mai!to Lendet's atddress st�ted here�s�ar any�her address Lender des�gnates by nos�ce zo Borrower.Any notice
<br /> provided for in this Security Insttument shall�e deemed to have been g�ven to Borraw�er or Leader when given as provided
<br /> in this paragraph. .
<br /> 1S. C�trni�I.�e:Se�enbility. This Secunty Instrunler�i shall bc govcrned by fedcral law and thr lav►.of the
<br /> ,jurisdecs:oss is arhich thr Qropeny is t�rssecl. in the es�rai tha!any�:avsssor: c�r clau:.e nf th:s�tsr�sy 1a�ttusnt�t or!he
<br /> Note rnnflicts with applicable law,such eonfl�ct shall not affect other provi«om of this Security Instrument or the Note
<br /> which esn be givtn effect without ehe conflicung pravuion.To th�s end the prowsion�of this Secunty Instrument and the
<br /> Nate are declared to be severable.
<br /> 16. Borrower's Co'y. Borrower shall be given pne ccmformed ci�p� uf the Note and nf th�s Secunqy lnstrument.
<br /> 17. Tr�nsfer ot tl�e Ptooerty or s Benefici�l lnterat in Borrower. If all or .my part of thc Property or any
<br /> intetest in it ts soid or trarzsferrM iut�f a beneficial interetit in I3orre�wcr iti�old��r t ransferred and�nrrruer��not a natura)
<br /> petson)without I.ender's pno±wntten canscnt.Lender may.at its optiun,requ�re �mme��ate payment�n full of aU sums
<br /> secured by th�s Securit� Instrament. How�e�er, Ih�� opUrm tihall nns he eaerc�ced b}• Lender if exercise �s proh�bned by
<br /> ' federal lsw•as of the date of this Sccunty lnstrument :------=—
<br /> If Lertder exercises th�s optton,Lerder shall gi+e f3c�rrnwer nut�re of accelerat�on The notice shail prot�de a penod
<br /> of not las than 30 days from the date the not�ee is del��•ered or mailed wnhsn w hich Horr�w�:r must pey ail�umti sec:ured by
<br /> thts Srcunty Instrumenl. lf Borrow�cr fails to pay thrse sums�r�or to the expiran�m af this ptr�ocl.L.ender may uwuke any
<br /> remed�es perm�tted by this aecurrty Instrument u•nhoat further not�cc or dcmand un tiorrn�er
<br /> 18.Botrower's qip,ht to Reinstate. it'Aorrower mcets certs�n c�:nd�tin+i�, H,�rrt�Krr�hall ha�?thr nght to ha�e
<br /> enforcement of this Secun�� lny�rument di5continued nt any��me pnor tn thc e�rl�er+�! (a► 5 day��(c�r wch c�ther��,en��d as NC
<br /> { appltcablo IaW mas spee�fy�far reinstatemen�l before safe i�f the YroErerty pur�uant �u:zm puucr c�f sale cc�niamed m th�� �
<br /> � Sccunt} lnstrumrnt,or(b)entry of s�udFment enfe�rc�n� thic Securn� ln,trument ihcne c�mditumti are that F�urrower
<br /> fa{ pay� Lender all tiumt wMch �hen Wc�uid hr due under this Srcunt} Intitrument and lhe `r��te had m� a��rlerau�+u �t
<br /> oceurreci. (b1 cures an� cieiault nt any o[her co+enant5 or agreernenis i�� �*:sy� all exprr,5e� �r«utreei m e�iforcinR thi� ;`
<br />" Secur�ty Iristrumenc, in:;ud�ne, but tevt l�mited u�. rcawri�hle ��t��rr�ey� Icc� �ied td) ta1.e� w.1, ;,�u��n n. I endrr ma� ��
<br /> reas�nahly reyuire t��a�r.ure that the lien ��(thie Securit� In�truriient, t en�+.er�� r�hh�� �n tt�r F'r���x�rt� :�nd I6r�rt��wer �
<br />• t��ligaUVti tv pa► ttie �usnti ticcutecl h} tt�i� Sccur�ty It�titrurncrt tit�,i)l .��;�tu�ur un,h�t��e•,1 ! �,,•n rc�ii�tatrinent 1,�
<br /> F3otrt�uer,�hr�4z.uril� ►t�Nri�eneut arid the��hisgan,�ns�e;ure�i )reicht .h.�il rc•rn,�i�i fuii� cf�c,!�Lr -�,�! r;•.�..e:cr,i�i-m ha:i
<br /> �e:.rurrcil Hc+«c�cr. thi�r�ght t��rClllb:�lC titldll tIV�J*��\ ;/t iflC..�i:��� J..��Ct.!:i��! ,It��;•• Z,.!i.t"a�di f�� I * �I i�
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