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<br />0 101175
<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 mairntaien the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />13. 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 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 its writing, the sums seeured by this Security Instrument shall be reduced by
<br />the amount of the proceeds I multiplied by the following fraction: (4) the total amount of the sums secured immediately .
<br />before the taking, divided:by:(h) the fair market. value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Projrerty:ii abandofted by, Bcsr.4, *er, or if, after notia:.by Lender to Borrower that the condemnor offers to
<br />make an award of fikflta claim for Via ':. Borrower fails to respra rd to Lender within 30 days after the date the notice is
<br />given, Lender is aii0iijiiiedto collect acid apply the proceeds, at its cr tire, either to restoration or repair of the Property or
<br />to the arms secured1i}r this Security Instrument, whetheror not then, due.
<br />. Unless Lender and Borre -x& otherwise agree in writing, any application of pirmeeds to principal shall not extend or
<br />postpone the due date of the monthly payments- referred to in par..ggraphs I and 2 d. 'change the amount of such payments.
<br />10. Borrower Not Releimed; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Secunty Instrument granted by Lender to any successor in
<br />interest of Borrower shall not optfate to release the liability of the:original Borrower or Borrower's 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 reason of any demand made
<br />by the original Borrower or Borrower's s uccessars in interest. Ak%'- forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise: of any right or re we' dy.
<br />11. Succeswrs and Asiios Bound; .faint and SieTeml rLiability; Co- signers, The covenants and agreements of
<br />this Scoarity Instrument shall 6i» ciand benefit the succc-swn and assigns of Lender and Borrower, subject to-tfe'e provisions
<br />of partgx-.ph 17. Borrower's covenants and agreements gull be:Zuint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security instrument only to mortgage, grant and convey
<br />that Borrowers interest in the Property under the terms of this Secura.g 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 lrw 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: (,-,)any such loan charge shall be reduced by the amcu
<br />nece4sairy to reduce the charge to the permitted limit: and (b) any sums already collected from Borrower wl;.iti . eas �t?ed
<br />perrx.i -e9. limits will be refundW I Borrower. Lender may ,moose to make this refund by reducing the pn17,,- al -;,tt d
<br />undea tlt, Note or by making a direct payment to Borrower. if a refund reduces principal, the reduction will be treated i�ii .i:
<br />partial prepayment without any prepayment charge under the )Atiote.
<br />13. Legislation Affecting Lend&r Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or t hit, Srxurity Instrument unenforceable accarai ng to its terms, Lender, at its option,
<br />may require immediate payment In tall of ail sums secured by this Secunty Invnlr'tent and may invoke any remedies
<br />permitted by paragraph 19. if Lenderexerascs this option. Lender shall take the s::, s specified in the second paragraph f
<br />paragraph 17.
<br />14. Notices,, Any notice to Borrower provided for in this Security instrum -.ni shall be given by delivering it or ITy
<br />mails: g it by first class mail unless applicable law requires use of another method The notice shall be direc!ed to the
<br />Pre.pe,•T3 Address or any other, address Borrower designates by notice to Lender. 4 ft.y notice to Lender sltall,he given by
<br />fn- W ass mail to Lender's addrens stated herein or any other address Lender desgn.at %s by notice to Borrower. Any notice
<br />vvvided for in this Security instrument Shull bedeemed to have been given to Borra•xcr or Lender ::':hen given as provided
<br />tz : y;: paragraph. .
<br />13. Governing Law; Severability, This Security Instrument shall be goi en, °ed by fede-<:i :a•s 4.174r F,,Z law of the
<br />juris&, xion in which the Propeny is located. In the event that any provision or 61au•se of this Secur it 1 -.;l :lac; :nt or the
<br />Note conflicts with applicable law. such conflict shall not affect other provisions of this Securir, f .,r the Note
<br />which-can be given efieet without theconflicling provision. To this end th :2provisionr: of this Su,:urr 1 :.t;,i, snt and tl e
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Secunr.: art feu. : - .a.
<br />17, Transfer of the Property or a Beneficial Interest in Borrower. if all or any part of the Pr-1-(!r,-..''.)r any
<br />interest, in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is lot a natural
<br />person), without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all suns
<br />secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br />federahlaw as of the date of this Security Instrument.
<br />In, Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide it period
<br />of nett less than 30 days from the date the notice is delivered or marled within which Borrower must pay all sums secured by
<br />this Security Instrument_ If Borrower fails to pay these sums pnor 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 />13. Borrower's Right to Rdristate. It• Norrower meets certain conditions. Borrower shall have the right to have
<br />enforemeiv of this Security Iimiument discontinued at any time prior to the earlier of (a► 5 stays for such other Period as
<br />appitcaf §let law may specify for rctnstatcmcnt) before sale of the Property pursuant tit any po"cr of sale ctontauted In this
<br />Secunty Pwtrumem, or (h) entry of a )udgtruiii enforcing! this Security Instrument I hose ctondrntin% arc that littrnmer
<br />(a) pays f-t:tdk!r alJ s,mn whtch then would he due under tilts Sccutfty Instrument and the Notc had no at,rlt•ratt,en
<br />of.curml, lia curd. any .lefauh of any ether covenants or agreements; lc) pays all rxilcn,f•1 ol.orrcd lit cnh•tclul: till,
<br />Set ur►t} Itt,trs.7::tsr.:. n t.-h- irnw, but not luntted 117, reasi miahle mtorouys' feces; and fell takes such aoton as I t-micr nta%
<br />reas..nably tcy'r'r^ 1.1. a•;';ure that the lien of, 1111"'iecumv instrurent, Lender',- right, lit the Pf,.prtty .11ul HrrtruUt',
<br />I :hilg_16i;n r' Cal tLr so•ti. secured by tilt" Securit} Instrumot •.hail oviatnuc un,Jf.in(•ttt t p'll rrmstatrnnnt f,.
<br />13447.uer fits•.*tr .;::q;f ir.•.ttun7ent and tile t441pati.t/ls,Clurvit hcrt4," shall wntam IitIN Cur, tfs.•.f, If u,I.l,I I,+'tntIt'll h, f
<br />'r l li[lftf lt, 'b ''t ?�' +J'.'. tl.11•.7 1!t rl'lrlltatt' <lfidl 41�( i11i1�Jy tit fill-, .Ht ,t( its J'lC[.1nt •h f111rt•.1 1•_17,1.; t.t1' }t•. f `. t ,
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