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<br />If Lender required mortgage insurance as a condition of making the loan secured vy this Security Instrument,
<br />&srrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Botmwer'sand Lender's written agreement or applicable law.
<br />8. Inspection, Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower noticeat the timeof or prior to an inspection specifying reasonable cause for the inrspection.
<br />9. Condemnation, 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 of a total taking of the Property, the prmzeeds 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 talking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shalt he reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails.te respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to Mimi: and apply the procced5. at its option, either to restoration or pq�jr trif. tim- Property or
<br />to the sums secured by this Security Instrument, whether rr mn then due.
<br />Unless Lender and Borrower otherwiseagree in writing, any application of proceeds to rri=' � ilishali not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amculit of such payments.
<br />10. Borro -er Not IRelei-s-3; Forbe_afmtr�-. By li -enter Not a Upiver. Fxtenrion of the time for payment or
<br />modification of amortization of the sums s�ura3.-.by tW-.s Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release- the liabili t3: of the original Borrower or Borrowers 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 sums secured by this Security Instrument by rewwli of any demand mane_
<br />by the original Borrc.zw :r or Borrower's successors in interest. Any forbearance by Lender in excr'ci �- sig any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right cr. remedy:
<br />11. Successors and Assigns Bound; Joint and Sevate T i:t]. R- x— ;C.o -signer The cci4r nanss and agreements of
<br />this Security Instrument shal lbind and benefit the successers -nT, 4.aii4ignFi-,,LenderipidEorraive ,subjecttothepravis6111'
<br />of paragraph 17. Borrower's covenants and agreements shall be joint ari,$w.. eral. Any Sorroa;e-rn=..6 co-signs this Security
<br />Instrument but dovi nor execute the Note: (a) is cosigning this Secunt; Instrument only to fnerigage, grant and convey
<br />that Borrower's interim. in the Property under the terms of !his 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. Loan 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 to reduce the charge ta-the permitted limit. and (h) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded in Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a dirw payment a) Borrower. ll'a refund reduces principal, the reduction will be treated as ;�
<br />partial prepayment without any pr} payment charge under t,ie Note.
<br />13. Legislation Affecting Lender's Rights. if enactment cr expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable aecarding to its terms. Lender, at its option.
<br />may require immediate payment in full of all sums secured by this Security Inntrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, lender shall take the steps specified fit the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided frtr in this; Security Instrument shall he given by delivering it or by
<br />mailing it by first class mail unless, applicable law requires use of another method. The notice shall he directed to the
<br />Property Address (or any other address Borrower designates by notice la Lender. Any notice to under shall be given by.
<br />first class mail to Lender's address stated herein or any other address 1_cuder designates by nolio, to Borrower. Any notice
<br />provided for in this Security Instrument shall be:deemcd to h;av c been given to Borrower or LcnJer when given as provides
<br />in this paragraph.
<br />la. Governing Low; Se ,eral 131 This Secsr.ty, instrument shall be govennLd h•.- federal lave and the law of the
<br />jurisd;!oion in which the Proper ,, r- .!d' -% 10 } in the event that any proOiun or clause 1 ; thus Security Instrument or the
<br />Note conflicts with applicable 13-w %. shall not affect other prnv isions of this S;:l.ur;ly lnctrument irr the No%
<br />which can be given elect withoi:.t tote, nfirisng provision. "fo this end the provisions cf'r•n < ;t :_ >lrit} Instrument and tl:_
<br />Note are declared to be severable.
<br />M. Borrower's Copy. M- irvower ~hall be given one conformed copy of the Nott, w-- , -d this Securiq, Instrument.
<br />0. Transfer of the Property or a Beneficial Interest in Borrower. if all or any r-at of the Pmr;�trty or any
<br />interest to it is sold ar transferred (or if a ber.. !Mal interest in Borrower is sold or transferred iota gewrower is not a natur,�9
<br />person) without I:.,,rder's prior written con,,--nit, Lender may, at its option, require immediate 1ta: 'iient in full of all sur:i
<br />secured by this SLtirity Instrument. Ifc,. ;, ! :r, this option shall not be exercised by Lender ii exercise is rrc1s16ited` 1'r_
<br />federal law as of thi: ola a of this Security liustrument.
<br />If Lender e�.cm. -,es this option, Le-der shall give Borrower notice of acceleration. The notice shall prof, ide it perivd
<br />of nut less than 30 from the date the notice is delivered or marled within which horroner nii;st pay all sums secured by
<br />this Security Instru..,ent. if Borrower fails to pay these sums prior to the expiration of thv~ t ^cycled: I.ender may invotke any
<br />remedies permitted by this. Security Instrument w ii hoot further notice or drma u
<br />und on Wjrrn:>::
<br />18. Borrower's Right to R-einstate. if Borrower meets certain conditions, 11orrovtier shall have the right to have
<br />enforcement of this Security Instrument discontinued at way time prior to the earlier of (a) ? day,, (nr such other 1wriod as
<br />applicable law may specify for reinslatement) before safe of the Property pursuant Many punter of ,-ale containcd ur tills
<br />Security Instrument: or (b) entry tof a judgment enfurcing this Security instrument 'Chose coudm iss arc that Ilorw%, cr
<br />(a) pays Lender all sums which then would he due under this Security lostrunicut and the Note had nn .ickcicratum
<br />occurred. (h) cures any default of any other covenants of agreements: (c t pays all cxper►scs incurrat m cnforcille this
<br />securil) Instrument. Including. but not limited U1, reasonable attorney: fears, and (elt take. such ,willed as l.rnder Imq
<br />icavinahi) require ay assure that the lien of this Secutwo Instrument. Lender's rights it; the lrt,perty a(til It :rrovrcr's
<br />obllgatiott ter pay the steels secured by this Sccuniv lmtrument shall continue unchariacd Uptin tcltiv- itcimoit by
<br />Ilrirrcmc r. thtr SCLltrliy Instrtuueiut;tnll the uhhiwttoris secured hcrch: shalt rcrn :1111 futlp C116:1nr a� 1; no eL u•h•i.1]r. 11 F,.ut
<br />�I<<urrrii If uC, (.1. this nEht tI, relnstatc shall out ap)Ao nt the c au• r.: t r•t 17
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