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<br /> � If Lend�r�equired mortg:se insurance u� condition of making the loan secured Dy thi3 Security Instrument, �
<br /> Borrow+er s1r�11�y the premiuras nquired to maintsin thc insuras�ce in cf�ect until such time u the requerement for thc
<br /> irnurance trrmin�ta in�ccorcl��cae with BorroMer•4�nd Leader's�+ritten��reement or applicable law. �
<br /> �. I�ctio�. Lender or iti a�ent may make rca�onable mtries upon and inspectians of the Property. Lentk*
<br /> ah�ll�tive B�orroka notic�u thc time of�r prio�to as±���!ioR s�ec�'.'y:�g r�sonabl=�s:r:fa�sl:::ns�r tis�.
<br /> � '• Cw�ti�. 'I'he prnceeds of any�ward o�claim for dam�ges.direct or consequentiil, in connection writh
<br /> � any�condemnation or other takins of sny put of the Propeny, or for conveyance in lieu of condemnation,�re hereby
<br /> . assipkd and sh�ll be paid to I.endes.
<br /> In the event oi�trx�l qkinj oi the Proper�y, the procceds shsll be appliai to the sums secured by tMs Socwit�r
<br /> � , ImtrunKnt,w►hetlur or not then due,writh sny eaoas p�id to HorroMer.ln the event of s partial takina of tbe Property.
<br /> , w►Ia�Borro�rer and Lender otherw►�e sjree in wrifinE�the aums secured by this Security Inatrument sh�l)be rcduoed by
<br /> : the anwunt of the procee6s mWtipiied by the foUo�vina fraction: (s)the tats!smount of the sums socured immediately
<br /> before the takin�divided hy(b)the fur muket v�lue uf the Prapeny immediately before the taking.Any b�alance shdl be
<br /> ' p�id to Borro�ver,
<br /> . It the Property is abandoned by Bonawer.or if,after notice by Lender to Borrower that the condemnor oRers to
<br /> m�lte an a�vard or xttk a claim for dtmases.BanoMer fails to rapond to Lender within 30 days aRer the date the notice is
<br /> ' ' pvee,Lender is authorized to collxt ind apply the proceods,�t its option,oither to restoration or rep�ir af the Pr�perty or
<br /> to the sums�ecured by this Security Instrument,whether or�nt then due.
<br /> � Unlas Lender and$orroMer otharwix sgra in writing,any�pplic�tion of proceeds to prirtcip�l shall not extmd or
<br /> postpone the due date of the monthly psyments referred to in pusgaphs 1 and 2 or change the amcunt of such payments.
<br /> , 10. Horrower Noe Relea�e�Fo�ean•oe By Lender Noe � w�,er. Eatension ot the time far p�yment or
<br /> modiflcation of smortiutlon of the aums secured by this Security lnstrument granted by Lender to any successor in
<br /> � intetest of Borrower ahall not operate to rekase the lisbility of the originsl8orrower or Borrower's auccasors in interat.
<br />- ` I.ender slull not be required to commence proceedinas agunst any succrssor in interest or refux to extend time for
<br /> ' p�yment or otherwis�modify amortiutian of the sums secured by this Security]nstrument by reason of any demind made
<br /> � by the oripnal Borrower or Bono�ver's successora in interat.Any forbearance by Lender in exercising any rig6t or remedy
<br /> shall not be a w�aiver of or proclude the exercise of any riaht or remedy. . ;
<br /> � 11. Srcc�oes�i Asrip�Bor�i;Jol�t aad Se�er�! ILWIit�,:Co-sip�en. The cavenants snd aareements of _
<br /> . this Serurity Inatrument shall bind and bene8t the succe.csors and assigns of Lender snd Bonower,subject to the provisions
<br /> . of p�rasr�ph]7.Borrorver's sovenxnts and agaments sh�ll be}oint and several.Any Borrowe�who a►-signs this Security �
<br /> Inst�te�etlt but.dots ttot eaecute the Nnu:(al!S Cll..ei�inp thia lw�•nrit� i�as�^�;s�:eR�� :t,.�.,..�L.�a���s �i�isi idiu wn'vcji '`_
<br /> that Borroiner's mterat in the Pro�erty under the terms oi this Security Instrumtnt;(b)is�ot persamlly oblig�ted to pay �
<br /> t he sums secured by this Security Instrumrnt;and(c)agrees that Lender and aay other Borrarrer may tgree to eztend,
<br /> modify,forbar or make�ny accommodations with regard to thc terms of'this Serunty Instrument or the Note without " _
<br /> that Borrower's conseni.
<br /> t.�. I.ou�ar�es. lf the to�n secured by this Serurity Instrument is subject to a!aw which sets mszimum loan =
<br /> � rhar�„ar�d thst la�v is flnally interpreted so that the interest or other laan charga collected or to be cullected in —
<br /> � connection with the ban exceed the permitted limiu. then:(a)any such [wn charge s1�a0 be reduoed by the amount
<br /> ' neoasary to reduce the charae to the permitted limit;and(b)any sucas alrcady collected from Borrower which eaceeded
<br /> � permitted limits will lx rrfunded to Borrower. Lender ms�choose tu mxke this refund by reducing the principal owed .
<br /> : under the Note or by makin6 a direct payment to Borrower. If a refund reduces principal,the reduction will be treated as a
<br /> putial prfpsymrnt without any prepayment charge under the Note.
<br /> 13. Le�latio� Al�ectiy Le�der's Ri�Yts. If enactment or expiration af applicable laws hu ihe effxt of
<br /> ` renderina any provision of the Note or this Security Instrument unenforceable according to its terms.Lender,at its option.
<br /> ' may require immodiate payment in fu11 of al1 sums secureci by this Secunty Instrument and ma� invoke any remedia
<br /> permitted by paragrsph 19.lf L.ender eaercises this option,Lender shall take the steps specified in the xcond paragraph of
<br /> DaraEriPh l7. �t
<br /> 14. Notlees. Any notice to Borrower provided for in this Security Instrument shait be given by delivenng it or by
<br /> mailing it by first clsss mai) unlas applicable isw requires use of anuther method. The natice shall be dirccted to the �
<br /> Property Addtt3s or any other address Borrowet designates by notice ro Lender. Any notice to Lcnder sha11 be given by
<br /> first clasa m�il to I.ender's address stated herein or any other address Lender desi�aates by notice to Borrower. Any notice
<br /> provided for in this Security Instrurreent shall bt deerrted to have been g�ven t�u Borrow�er or Lender when given as provided
<br /> in this puagaph.
<br /> ls. Gg�rett�iuu�Lw;Se�erability. This Security lnstrument shali bc governed by federa!law and the law of'the
<br /> jurisdiction in which 1he Property is iocated. �n the event that any prnwsinn or ciauce nf rhis Security lnstrument or the
<br /> Note cc►nflicts with applicabte law,such conftict shall no!affect other prov�sions of this Security lnstrument ar the Note
<br /> • which cin be given effect without the conAicting provision.�'o this end the prov�s�ons of th�s Secur�ty lnstrument and the
<br /> Note arcdeclared to be sevrrable.
<br /> 16. Borrower's Copy. Borr.�vrer shall be giv��ne conformed cop}•c�P the tiote and of�his Security Irnirument
<br /> I7. Tra�sfer ut t6e Property os a BeeeBci�) interest in Borrower. lf all or any part of the Property or ar.�
<br /> interest in it is soJd or transferred(or ifa beneficisl interest in Barrower is soid or transferrea and Borrowcr is not a natural
<br /> persan)wit2�out l.ender's prinr written cansent.I..tnder may,at �ts option,require�mtned�ate paymeol�rz ful)of alf sums
<br /> secured by ihis Security lnslrument. However, th�s ophon shall not be excrc�sed by Lender�f exercise is prohib�ted by
<br /> federal law as of the date of this Secur�ty Instrument. " - �
<br /> If l,ender ezereises this optian,Lender shaU g�vr Borrow•er nohce oCaccelerahon i'he nottce shall prov�dea penod
<br /> of not less than 30 days from tht date thr natice�s debvered er ma�led with�n whuh Borrower must pay all wms saurcd by
<br /> this Security Instrument.If Borrowtr fa�ls to pay ihese sumc ptior to the exp�ration of this�en�xi,Lender may envoke any
<br /> remtdies perm�tted by this Securrty Instrument wrthout further nntice or demand cm Borrow er
<br /> 18,BorroKts's Right to Reinstate. if 8urrnK�zr mcet�certam conditinnti, Hur�uwer Shall ha�e the r��ht te�ha��e Mf
<br /> enforcement of th�s Secur��y Instrument discant�nued a[any time pnor to the earl�er of (a►5 days(vr Sur h uther pen��t as �
<br /> Lapplicable law rnrry specily for ee�nstaternent)before sale of the Property pursuant io any �.uwer uf sale:�mtaincd zn this ��
<br /> Secunty instrument,or(b)entf� oP a�udgment enfotc�ng Ihts S�ecunty Instrument 1 hrne <<mdmnr:s are that Hnrrnuer
<br /> (al pays l.,ender nll �ums wh�ch then w�ould be due under thtc 5e�urity Intitrumcnt and the tivte hacz no r«eleratum �
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<br /> �CCl�rr�L; {h}f�,�inc gp} i��f�ule pf:[�}'.^,:he. ;.otitnar.t:,Oi ogrccrr,eniti f�) �+�t� all ex�en�r.� ;ncutreJ �n en(i�rci�2g lht� ��
<br /> 5ecur�ty Instrument. �ncluding, but no� ltmited to, rea5nnable attarne��' fcc�. an�i rdi ts,ke,�t��f� J..uor� a� I.rndcr may ,
<br /> reasanably requ�re tn ussure that the hrn of this Secur�ty Instrurrient. l.znder'ti n�ht5 in chr 3'ru�:rn snd fi;,rr��NCr� .
<br />� �bligat�on to E»y the tium� re;uccc! hy thi� Se.unl� Intittument �httU c��r�tinuc un.hai��c�i l.F• •,� rr�ml�tcmr.i� hy
<br /> [3nrr�uer,thiti Se.urity lntitrurnent and the�thl�gaw�m tc,ute."���-reh� �hall ren�,�ir, tull� cfle.h.c a� :' m� ,i��eirsauc n h,��i
<br /> IKCUffC(S H(IKf'LCL II11�Y1(�11((1+lCilltiCillf'.h�9�T►l�t(i1Ft�il� tf�I�1Ci.f�C�•f�Itit-!!'fuf'•�Ii :.Ii.iP� (`.1f.ti�.i�fl� ���- i'
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