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<br /> r !f I,cndGr required mnrtgagc insurancr as a rondition oP making the laan secured by this Security lnstrument,
<br /> � Bc�rrav►•er sh�ll pay the premiums required to maints►in the insurance in�ffect until such time as the ret�ui�ement Pos the
<br /> insurancN termin�tts in accordance with Borrower's and Lender's written agree�nent or applicable law.
<br /> �. insRecNan. Lender or its aaent may make reasonable entrics upon and inspections of the Prrperty. I,ender
<br /> shall give Bonowe�notice�t tht time oPor prior to�n in�prction specifying reasonable cause for th;.inspection.
<br /> 9. Co�de�neatioa. The praceeds of any swxrd or claim for damages,direct or consequential,in connection with
<br /> •ny condemnatian or other takin�of�ny p�rt oP the Property, or for conveyanco in lieu of condemnation, are hereby
<br /> usi�ned snd sbsll be peid to Lender.
<br /> • In the event of�total taking of the Property,the praceeds shall be applied to the sums secured by this Securlty
<br /> lnstrument. wheiher or not thcn due,with any excess paid to Bonower.In the event oP a partial taking of the Property.
<br /> unless Borrower and Lender otherwise agree in writing,tht sums secured by this Security Instrument shall be reduced by
<br /> the amouni af the proceeds multiplied by the following fraction: (a)the total amount of the sums secured immedia3ely
<br /> before the tskins,divided by(b)the fair market vxlue of the Property immediately before the taking. Any balancc shaU be
<br /> paid to Borrower. .
<br /> � If ihe Property is abandoned by Borrower,or if.after notice by Lender to Borrower that the condemnor offers tu
<br /> make�n award or settte a claim for dam�ges,Borrower fails to respond ta Lender within 30 days after ihe datc the notice is
<br /> , , jiven.Lender is authorized to collect and apply the procseds,at its aption,either to restoration or repair of'the Property or
<br /> to the sums secured by this Security Instrument.whether or�ot then due.
<br /> _ Unless l,ender and Borrower otherwise agtee in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due dAte of the monthly payments referred ta in paragraphs 1 and 2 or change the amount of such payments.
<br /> ; 10. Borrower Not Relwed; Forbearance By Lender Not a Walrer. Extension uf the time for payment or
<br /> ; rreodiflcation of amonization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> ; interest of Bonower shall not operate to release the liability of the ariginal Borrower or Bonower'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 /> p�yment or otherwise modify amortization of'the sums secured by this Security Instrument by reason of any demand made
<br /> by the originsl Horrower or Borrawer's successors in interest.Any forbearance bs Lender ice exercising any right or remedy
<br /> shall not be s waiver of or prxlude the esercise of any right or rcmcdy.
<br /> • 11. S�ccesson aad Assi�ns Aound;Jotnt and Several I.iabitity;Casigners. The covenants and agreements of � •
<br /> ' this Security Instrument shall bind and benefit the successors and assigns oP Lender and Borrower.subject to the provisions .
<br /> of paragraph 17.Borrower's covenants and agreements shall be joint and several.Any Borrowrr who co-signs this Security
<br /> � Instrument but does not eaocute the lVote:(a)is co-signing this Security Instrument only to mortgag�,grant and convty �
<br /> ---� - - trat itorrvwer�s interrst ia tite Yroperry uflQer tlte terms of this 5ecurity Instrumenl;(h)is noi persnnaAy obligated ta pay i =<
<br /> the sums socured by this Security Instrument;and (c)agrees that Lender and any other Borrower may agrce to extend, ���'
<br /> modify,forbear ar make any accommodations with reg�rd to the terms of this Security Instrument or the Note without i�_�
<br /> that Borrower's consent.
<br /> 12. Lae Cl�ar4e.s. If the loan secured by this Sccurity[r.strument is subject to a law which sets maaimum loan _
<br /> charges, and that law is finally interpreted so that the interest �r ather Icrsn charges collectcd or to be collectod in ��
<br /> connxrion with the loan exceed the permiited limits, then: (a) any such loan charge sha11 be reduced by the amount
<br /> nectssary to reduce the charge to the permitted limit;and(b)an}sums already collected from Borrower which ezceeded
<br /> permitted limits wil)be refunded to Borrowrr. Lender may cfta�se to make this refund by reducin�the principal owed
<br /> under the Note or by making a direct payment to Borrower.lf a refund reduce�principal,the reduction will be treated as a
<br /> partial pcepayment without any prepayment charge vnder the Note.
<br /> , � 13. Leglslatioa ARectieg Lende�'a Rights. If enactment or eapiration of applicable laws has the effe�:t of
<br /> ' rendering any pravision of the Note or this Security Instrument 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 '4,
<br /> permitted by paragraph 19.If I.ender exereises this option.Lender shall take the steps specified in the second paragraph of
<br /> , : paragraph 17. �
<br /> 14. Notices. Any noticc to Borrower pr��vsded for in this Secunty lnstrument shall be given by delivering it or by �•�
<br /> � mailing it by first class mail unless applicable law requires use of�nother method. The notice shail be directed tn the
<br /> Froperty Address or any other address Bottower designates by notice to Lender.An�• notice to L.ender sha11 be given by '
<br /> first elass mail to I.ender's address stated herein or any other address Lender designates by�notice to Borrower.A ny notice •
<br /> provided for in this Security Instrument shall bc deemed to have been gi��en to�orrower or Lender whcn given as provided .
<br /> in this paragraph.
<br /> , 15. Gorerning I.s�N;5everabiliry, This Security instrument shal{be governed b� federal law and the law of the
<br /> jurisdictian in which the Property is located. ln the event that anv proviston or clau�e of this Security�lnstrume»t or the
<br /> � Nate cun6icts with appiicabfe iaw.such confiict shali not affect other pro�•isions of this Security bstrument or the tiote
<br /> Nhich ca�be given effect without the canflicting pro��ictori. To this end the pro�is�ons of thi�Securit�� In�trument and the
<br /> Note are declared to be severabie.
<br /> 16. Borrower's Copy. Borrower shall be gi�en one conformed rnpy�f t he N�te and of this Security� ln�trument.
<br /> 1?. Tnnsfer of the Pruperty or a Reneficial Interest in Borrower. If��II <�r any part of the Property or any�
<br /> interest in it�s sold or transferrFd(or if a bCncficial mtcrest in Borm��•er i�sold or trar.4ferred and Borrower��not a natural
<br /> person)withaut Lender's prior written conscnt. Lendrr m:�y.at ns optiun. reyu�rc immcdiatc paymcm�n full of all sum�
<br /> secured by this Security Instrument. How•e�er. thi� opui�n sh�ll nnt be exercised by I.ender if exercise it �rohib�ted b}
<br /> feder�llawasofthedatcofthisSecunt} Ins�rument.
<br /> lf Lender exercises this opt�on, Lender shall gi�e Be�rro«er n��tice i�f accelerancm �The nc�t�ce�haU pr�vide�i pen�d
<br /> uf nM less than 3Qciays(rom the date the ne�ti�r iti dei��ered��r mai�ed witfi�n whirh H��rr����er mu�t pay all��m�tiecurrd by
<br /> thit Securuy Instrument. If Borr,ower fails to��a� th«e wmti�nor tc�the�xrirer�nn uf thi��+rri��d, Lender m�:y i��.okc any
<br /> remedtes permitted by th�s 5ecunty InStrument�cilhiiut further nvurc��r�lcmand��n H��rruw�er
<br /> 18.B�rrower's Rigl►t to iteinstate. !F Finrrciwer rneet�ccrtt�in i�mtittinn�, ��nrri���et Shall h��e the r�ght tt>hdre
<br /> rnfuteement ofthis Secunt} Instrument disc�minti_�d at any n►rae rr,c,r te+thr earlier��f I�U 5 d:�yti(cr�uch��ther�en��d a� �
<br /> � a�iphcahle la�v mr�c .perifti fi,r rem�tatement) hefore tiale i�f the 1'rc,�+erty pur�ua�it tn an� �c�:cer nf�ale c��h[�tned tn thiti ' M
<br /> Sccunty�lmtrument;n*4hl eri�n•c�f a�u�ginent cnf<�rcin� thi� Se�ur�ty In�trument I hn�c�,md�h�m�.ur tf�:�t R:+rru��er ��
<br /> (a1 pay� l.ender �+li .um. ��luch ther� uc�uld he <1u� under th�. Se�ttnt} In�tnirncn+ .en�t �hr ti�+tr ha J ru� ,�c:c lc�atiun �
<br /> <*crurr�d. (t�r cur�� �ny defauh ��f any nlhcr ���.cn,int� ��r a�:rerrn;•nt., ��► �.i�• ,ill ct.T��n.,. iru arr�J in �nfnt_u�c thi, tt�
<br /> Sc�unt} insttumeni. in�iud�n�. hut t�n1 hmned h�. rra�:m,ehlr att+�rn,�.' fc�. .�n�i��3, t.�k�•..u�h .�,tnv� .,. I rn;lcr �ri.�} �
<br /> �ea.�mahl� reyintr ;�� a�tiure that Ihe lien ��1 thi.ti"urttt ln,t�umeti� 1 rn�Jcr'� nt'f !� �ri th� f'r�.�.. r�y .:n�i 14�•rn�uct'. ���
<br /> nhh�,lTt��tt t�� p,i� t}te .Uni� �t•.utC�l ►'�� ilii� ti;.��rtt♦ In•ttit�ncut �fi,�ll ,� �:nt:��i' �i;�,l�t�.. ��i I �•�,•� n n,.I_i;� �iic��t h� .
<br /> �;hfC��L�.�t_ f�ll.`':�LI11�� (11�11illill'�11.IL•��C{t•.'��tiil�:.lti ;1.�l� r�C�� �':f. Si� .��.ti� �.�1'.:'1i�•i��-. • i�� .�i:��,..�! �. i. ��� :'i..li � .l�1
<br /> ��.unrd H��•.<<�e�t, thi�r��'ht t�•reir,.�,.t� �Ii.J! •, �1.�� { :� i�. •1�• .., �+ .i. . . .. � ;i , , � .� r ��. . , � .
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