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<br /> if l.ender required mvrt�Age insurancr as a condition of making the lo�n srcu�ed by this Security Instrument�
<br /> , � �arrower shall p�y the premiums requircd ta m�intain the insurance in etfcet unti!+uch time as tha rcquirement for the
<br /> Insurince terminata in�ccordance with Barrawer's snd Lender's written agramcnt or epplicable law.
<br /> � S. I�eetlob. Lendtr ar its�aent may make �taaonable entries upon end inspections oP the ProFerty. Lender
<br /> , shsl)give Borrower notice�t the lime oFor prior to an inspectlon speciPying reasonable cause Por tl�e i�spectia�,
<br /> ; 9. Co�uallo�. The proceeds of any awa�d or claim for dnmage�,dircet ar consequential,in conncetion with
<br /> � any condemnation or other takina of eny part of the Property.or for conveyance in lieu o1'condemnatian, �re hercby
<br /> � assiaaed and shill be puid to Lender.
<br /> - In the evtnt af a tota!taking of the Praperty, the proceeds shall6e 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 partisl taking of ihc Propeny,
<br /> unku�otrower and Lender otherwise�gree in writina,the sums secured by this Security lnstrument shall be rcduced by
<br /> ; the �mount of the proceed�multlplied by the foAowing fraction:(a)the total amount of the sums securcd immediately
<br /> � before the tatkln6.d�vided by(b)the fiir muket v�lue of the Property immediately before the taking.Any balance shall be
<br /> paid to Borrower.
<br /> � If the Property is�bandoned by Borrower,or iP.after aotice by Lendcr to Borrower that the condemnor oRers to
<br /> , make�n awud or settle a claim for damages,Bonower fails to respond ta Lender within 30 days after the date the notice is
<br /> ; given,�endee i��uthorizod to collect and t�pply the proceeds,at its option.either ta rrstoration or repair of'the Property or
<br /> ' ` ta t,n su:rs secured by this Seturity Instrumtnt,whciher or r.�¢then due.
<br /> � Unless Ltnder and Borrower otherwise Rgree in writing,any applieation of prac�eds to principal shall not extend or
<br /> 1 postpone the due date of the monthly paymrnts nferred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> + 10. Botrower Not Rekafed; Fo�bearaeee By Lender Not � Wd�er. Extension of the tirne far payment or
<br /> modiflcation of amoRi�tion of the sums secnred by this Socurity Instrument granted by Lender to any successor in
<br /> ; interest of Bonower sha�ll not oparate to release the liability of thc origina!Bonower or Horrower's successors in interest.
<br /> i Lender shall not be requirod to commence proceedings agxinst any successor in interest or refuse to extend time for
<br /> psymrnt or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br /> by the originsl Borrower or Borrower's succes,wrs in interest.Any for6earance by L.ender in exercising any right or remedy
<br /> , shall not be a w�iver of or prerlude the exercise of any right or remedy.
<br /> � !1, Succea�ors and Asd�m BoY�d;Joint u�d Seteral Lisbiltty;Co-�ignera. The covenants and agreements of
<br /> ! this Socurity Instrument shall bind and beneflt the successors and assigns of Lender and Horrawer.subject to the provisions
<br /> � of pangraph 17.Borrower's covenants and sgreements shall be joint and several.Any Borrower who casigns�his Security �
<br /> � lnstrumen�but does not execute the Note:(a)is co-signing this Security ]nstrument only to mongage,grant and convey `
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<br /> -_. .; �..^..Q-- ! T:'.::..�t:.,.v�.sy v8aac,uic�ca n�a v�t��Ia accuruy ivairumCni;�oj is noi personai'ty ooiigai�to pay �_ .:`
<br /> � the sums secured by this Security lnstrument;and(c)agrees that Lender and any othor Borrower may agree to exte�d. � `�"
<br /> ` modit�� forbeator make any aecommodations with regard to the terms oPthis Security lnstrument or the Note without .
<br /> t that Honower'sconsent. .
<br /> 12. Lou Clurgq. If the loan secured by this Security lnstrument is subject to a law which sets maximum loan -
<br /> � charges. and that law is flnally interpretod so that the interest or other loan charges collected ar to be collected in �
<br /> i connection with the loan excee�the permitted limits, then: (a)any such lvan charge shall be reduced by the amount �
<br /> � necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower whicb exceeded --
<br /> , permitted limiu wiU be refundod to Borrower. Lender may choose to make this refund by reducing the principal owed
<br /> under the Note or by making a dircet payment to Borrower.If a refund reduces principal,the reduction will be treated as a
<br /> � partial prepayment without any prepayment charge under the Note.
<br /> ; 13. I.egislallon AReeting Lender's Rig6ts. If enactment or expiration of applicable laws has the etfect of
<br /> ' � rendeting any provision of the Note or this Security Instrument unenforeeable according to its terms,Lender.at its option,
<br /> � may tequire immodiate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br /> '• permitted by paragraph 19.If Lender exercises this o tion,Lender shall take the ste s s
<br /> � ��ph�� P p pecified in the second paragraph of
<br /> i la. Notlees. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by �t
<br /> ' mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the
<br /> � Property Address or any other address$orrower designates by notice to Lender. Any not�ce to Lender shall be given by
<br /> � flrst class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice
<br /> provided for in this Security lnstrument shall be deemed to have been given to Borrower or Lender when given as provided •
<br /> in thisparagraph. �
<br /> 15. Go�erning Lt�w;Sevenbility. This 5erurity Instrument shall be governed by federal law and the law of the
<br /> jurisdiction in which the Propeny is located. In ihe event that any provision or clause of this 5ecurity Instrument or the
<br /> '. Note wnflicts with applicable law,such conflict shall not affect othes pravisions of this Security Instrun�e��t or thr Nvte
<br /> , which can be given effect without the conflicting provision.To this end the provisions of this Security Instrument and the
<br /> � Note are declased to be severable.
<br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. Transfer of the Property or a Heneflcla! Interest in Bonower. If all or any part of the Property or ar�y
<br /> interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br /> person)without Lender's prior written consent, Lender may,at its option,require immediate payment in fuI{of all sums
<br /> secured by this Security Instrument. However, this option shall not he exercised by Lender if exercise is prohibited by
<br /> federal law as of the date of this Security Instr�ment.
<br /> If Lender exercises this option,Lender shall give Borrower notice of acceleration.The no�ice shall provide a period " �
<br /> of not;zss than 30 ciays from the date the notice is delivered or mailed within which Barrower must pay all�urrts secured by �
<br /> this Security Instrument.If Borrower fails to pay these sums prior to the expiration of this period, Lcnder may invoke any
<br /> remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br /> 18.Borrower's Right to Reinstste. If Borrower meets certain canditions, Borrower shall have the right to have ! �
<br /> enforcement of this Security lnstrument discontinued at any time prior to tD�e earlier of:(a)5 days(or such other period as
<br /> applicable law may speciPy for reinstatement)before sale of the Property pursuant to any power oPsale contained in this �
<br /> ( Security Instrumer+t;or (b)entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: �
<br /> L (a) pays Lenclet all sums which then woulcl be due under this Security Instrumer.t and the Nc�te had no acceleration �
<br /> occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenseti incurred in cnforcinR this �,
<br /> Security instrument,ineluding, but not limited to,teasonable attorneys' fees: and (d) takes such action as Lender may cO
<br /> reasonably require to assure that the lien of this Sec�rity Instrument, I_ender's nghts in the Property and F3orrawcr's ��
<br /> obligation to pay the sums secured by this Security Instrument shal) continuc unchangcd. Upon rein5tatement by �
<br /> Aorrower,this Security Ynstrument and the obligations secured hereby tihnl)remam fully effectwe ati ff n����crelerahem had ��
<br /> occurred. How�:ver,this right to reinstate shall not apply in the ca�e��f accelerat�on under parngr��hti 13 or 17.
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