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<br />890-WW 10.1120
<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 time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lendeg s written agreement or applicable law.
<br />S. 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 for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, director 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 ptgc-eds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due; with any excess paid - -,t Bt,^rrtwem In the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the stLi;nssev,;ured 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 bey).r"e the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, O,�t er notice by Lender to Iiiricr+�cver.t+tat. the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 304-g. cr the date the notice is
<br />given, Lender is authorized to collect and apply the procft iL% at its option, either to reS4wra*-r :nr iepair of the Property or
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<br />to the sums secured by this Security Instrument, whether.or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any applicaticaef pt:or.ds to prncipal shalt not extend
<br />postpone the due date of the monthly payments referred to in paragraph•. L iv 4 £ or change of such paymcntk
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<br />10. Borrower Not Released; Forbeamwe By Lender Not :s Wa ier. Extension �L the time for payment c>^ " .
<br />modification of amortization of the sums sectas=d, by tlu. Secu, i> 16k ument granted by Leer to any successor i :..
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<br />utterest :ttl Borrower shall not operate to release ilD:e F t e os; sal Borrower or Borrower's successors in interest.
<br />Lender ill not be required to commence proc,,icps "fiai^srnw successor in interest or refuse to extend time for
<br />pa�rtn�;tti rr otherwise modify amortization of the suarss ;;z : =ed by M s Security Instrument by rte.. r ,n of any demand made
<br />-icy. the original Borrower or Borrower's successors in intere:�t' Any forbearance by Lender in examining any right or remedy
<br />shall not be a waiver of or preclude the exercise of any righ" c is 'remedy.
<br />IL Successors and Assigns Bound; Joint and Sezv.W Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower. Mile co -signs this Secunri.
<br />Instrument but does not execute the Note: (4) L- co- signing this Secunty Instrument only to murtap ;ge, grant and corlvi y:
<br />that Borrower's interest in the Property under, Ow terms of this Securrrg- Instrument, (b) is not �s nally obligated to pair
<br />the sums secured by this Security instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
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<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.
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<br />12. Loan Charges, If the loan secured by this Security Instr•urnent is subject to a lury which sets maximum loan
<br />charges. and that law is finally interpreted so that the interest or ocher lean 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 limit;
<br />charge to the permitted and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose tr) matte this, refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal. the reduction will he treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Righto. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Insiniment 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
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<br />permitted by paragraph 19. If Lender exercises this option, Lender shallitake the steps specified in the second paragraph of
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<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided file in thin. Security Instrument shall be given by deh.M•rer rg ;t• CT I y;
<br />mailing it by first class mail unlems applicable law requiros umc of another method. The notice shall be directed to ^:
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<br />Property Address or any other address Borrower designates by notice to Lender. Any notice it) Lender shall be given ; ;-
<br />first class mail to Lender's address sated here':n or any other address Lender designates by notice to Borrower. Any nol�0;1
<br />provided for in this Security instrument shall ire deemed to have been g7t m to Borrower or Lender when given as providtai
<br />in this paragraph.
<br />13. Governing I- Aw;!SewiraMlity, This Security Instrument shall he governed by federal law and ihs law of the
<br />jurisd;.:=_rar.• in which the Pro fe_;s:; is. rn the evert that any prevision or clause of this Security insrru rr,e: t or the
<br />Note conflicts with app; :carry _,aw. -sr::h x!rrlii -.t shall not affect other provisions of this Security Instrument the Nam,
<br />or
<br />which can be given : *. w ?tl:,,Ijr t i't? cor-fiicting provision. To thi4 cod thy: provisions of tlt.i,. Sa_:irity Instrument and tls,.
<br />Note are declared to be severable.
<br />M Borrower's Copy. 11-- rrower shall be given one conformed copy of the Nola .nJ of this Security Instrument.
<br />1.3. 'Transfer of the Prap."y or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred t: or if a beneficial interest in Borrower is sold or transferred and Borrower is riot 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 30days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower faits 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 RiRht to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to have
<br />enforcement of this Stcur ity Instrument discontinued at any tints prior to the earlier of (a) 5 days for such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any pilwer of sale eo nlained in this
<br />Security Instrument or (b) entry of a judgment enforcing this Security Instrument "fhost,
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<br />conditions are that Borrower.
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Dote had no acceleration
<br />incurred. (b) cures any default of any other covenants or agreements: (c) pays all expenses incurred ut enforcing this
<br />Security instrument, including, but not limited to, reasonable attorneys' fees. and (di takes %ach action as i ender may
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<br />reasonably require to assure that the hen of this Security Instrument. Lender's right,. in the Property and Brrroucr's
<br />nbhgahon to pa4 the sums secured by this Secutily Instrunnew %hail co+nEUrue un: hanged. Upon ton%tatentent hs
<br />Uarrow-ur. thi.Scsuriiy lnstrurnent and i fie fihliEtiiiwn%wcured herehyshafl romitn fully cfleittte as Ifni, accel:•rati.+n hilt;
<br />,,reUrretl Ito", V> cf. this rtgbr to reinstate shall not ripply tit Ilie ca%o of acucleratior, under parai!viph-, 1 ', of i-
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