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<br />19=". 194855
<br />If Lender required mortgage insurance as a condition of making the loan securef by this Security Instrument,
<br />Borrower 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 Borrower's and Undet's written agreement orapplicable law.
<br />. 8. Inspection. Lender or its agent may make 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 forthe inspection.
<br />9. Covidemnation. 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 cendemnation, are hereby
<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 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 Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be 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. shill be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the caand�emnor . offers to
<br />matte an award or settle a claim for damages. Borr&Avr folds to respond to Lender within 3d ants r.'iJiedate the notice is
<br />given, Lender is authorized to collect and apply the pads, at its option, either to testorttiop.es viin ire f the Property. or
<br />to the sums swured by this Security Instrument, whethix or not then due.
<br />Us es l e< a-u3 Borrower otherwise agreeirtivriting, any application of pmcr { s tai princi i -shall not e>n, sd ar
<br />one thecletdate of tree monthly payments referred to in paragraphs I anrJ "si- dtatre the amounk af'snrch paY'ritc�i:ts.
<br />10. tlnrtay-m?r Nat iieleased; Forbearance By Winder Not ,% Wstivar, Fvf f. sit n of the ty for pa_yM. ep!. per
<br />modificatio,,4 = amortization of the sums secured by this Security Instrument 'granted�: by' Lerida: iii"any successor in
<br />interest of B¢-, rower shall not operate to- release the liability of the original Borrower or 11;��,: wee s kd.ccessors in interest.
<br />Lender shall alit be required to commence proceedings against any successor in ante n-f. er refuse 4o extend time for
<br />pa5-rettt or otherwise modify amortization of the sdj�a5 secured by this Security Instrument by reason af'any demand made
<br />b3 The original Borrower or Borrower's successor sinrzinterest. Any forbearance by lender in exercising any right or remedy
<br />shall not be a * giver of or preclude the exercise a hniy right or remedy.
<br />11. Ssraeemm and Assigns Bcam4 Joint aid Several! U- sbility; Co- signers. The covenants and agreements of
<br />this Security Vrs, rument shall bind and benefit the sz zessors ard.:assigns of Lender and Borrower, subject to the prdviv ons
<br />of paragraph 17' . Borrowe <• covenants and agreerr, tss!t_-il be joint and several. Any Borrower who as -siins this Sv unity
<br />Instrument but does not a acute the Note: (a) is co- signing this Security Instrument only to mortgag_- 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. ]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 />conmcti cn w.Ah the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />nemssr;,, ern reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />pe*r aec'. ,.icts�` ~s will be refu ✓led to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />Lz4r the Bore or by mal`lt:rg 3 direct payment to Borrower. If a refund reduces principal, tfie reductfm +a::zll be treated as a
<br />prul t 11 prepay: sent wits csli:any prepayment charge under the Note.
<br />13. L*slation Affecting Letr&,?s Rights. If eras mant or expiration of applicable laas has Cae 4t1r=t of
<br />rendering ar,Jp;.:ow'sion of the Note or this Security Instrumenr unenforceable according to its terms, Lender, ar icsin.ption,
<br />rr:ay require ir: mediate payment in full of all sums secured bj.ihis Security Instrument and may invoke any rpnedies
<br />Fen -'.ted by paragraph 19. If Lender exercises this cption. Lender shall take the steps specified in the second prraLvaph of
<br />parzgfra�'i L ?: ,
<br />14. NeAUes. Any notice to 11- irrower provided for iv this Security Instrument shall be given by delivering it or by
<br />mailing it A };; t4•rst class mail unless zr4ficable law requires use of another method. The notice shall be direc:ei w the
<br />Property A61 ~ess or any other addre--4 Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />fiV,: class mail to Lenders, x6dress stzftf Herein or any other address Lender designates by notice to Borrower. Any notice
<br />pro sided for i ^> Security Instrumenr sl +.all be deemed to havebeen given to Borrower or Lender when givers as provided
<br />in this paracrap hi.
<br />15. Govevning Law-, Severability. This Security lnstrurt amt shall be governed by rcderal law and the lass of the
<br />jar4diction in which the Property is located. In the event that any provision or clause of III) .Y> Securitl Imtrumz—w or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Sm;:rity Ins,tru, -mt or the Note
<br />Much can be given effect without the conflicting pro~ iiiorn. To this end the provisions of this Security, Imaument and the
<br />Note are declared to be severable.
<br />16. Borrowtes Copy. Borrower shall be given one %;,36,3rmed copy of the Nate and of this Security L,s4-rument.
<br />17. Ttrsrrsfer of the Property ore Beneficial InrsEC:ti lit Borrower. U all orally part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest ih &&-tower is so!d or transferrer and 13ovmwer is not a natural
<br />person) without Lender's prior written consent. Lender may, at its option., require immediate }gay lumt in full of all sums
<br />C , pred by shzs Security Instrument. However. this option shah 2tnt be exercised by Lcmdt'r if t:xsrc ,e is prohibited by
<br />t'eJeral late ,-o of the date of this Security instrument. .
<br />If W- idt_r exercises this option. Lender shall give Borrower notice of acceleration I"he ri( i,k ; airail 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 invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets 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 fb) entry of a judgment enforcing this Security Instrument Those conditions are than Horrouer:
<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 tit agreements: (c) pay% all expenses incurred in enforcing this
<br />Security Instrument, including, but not limited to, reasonable attorneys' fees: and (d) take% such action a% Lender may
<br />reasonalay require hi assure that the hen of thm Secuntv instrument. li.ender'% right,. III the 11ropeiry and Iforrower %,
<br />obligation to pay the %unis %ecuted by Ihi% Security Instrument %hall contutue unchanged Vpoll retnstatcntctet by
<br />1lommer. tilts Security Instrument and the obltgatton%secured hereby shall remain fully cffVLuEC:t•. 11 *1141 :W� eletattaou had
<br />rxcorred How e% cf. 1111 %right to retimate Shall oat apply in Isle case cif acceleratttm under parai:raplm 1 t Yr U .
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