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<br /> - � t�Lcnder required mangagr insurance as a candition af making the loan secured by this Security lnstrument,
<br /> &irrower shall pay the premiums required to maintain the insurance in effect until such time as thc rcquirement for the
<br /> insurance terminutes in accordAnce with Borrower's and Gender's written agreement or applieahle taN�.
<br /> ! 8. laat�ectlon. Lender or its agcnt mav make reasonable entries upan and inspectian�of the Prepeny. I.ender
<br /> ' shrll give Barrawer nutice at the time of or prior to an inspection speciPying reasonablz cause far the inspectian.
<br /> � 9. CondemAat[on. The proceeds af any uward or claim for damages,direct or consequential,in connection with
<br /> � sny candemnation or ather taking of any ptirt uf the Propeny. or for conveyance in lieu of condemnatian, are hereby
<br /> : � assignod and ahall be paid to Lender.
<br /> � In the event of a total taking of the Properiy, the procceds shall be applie�±!� !he sums secured by this Stcurity
<br /> lnstrument,whether or not then due, with anv eacess paid to Borrower. In the event of a panial taking af the Property.
<br /> � unless Borrower And Lender otherwise agree in writing,the sums secured by this Security Instrument shall be reduced by
<br /> ; the amount aP the proceecls multiplied by the following fraction:(a)the total amount of the sums secured immediatety
<br /> � befors the taking,divided by(b)the fair market value of the Property immediately before the takin�.Any balunce shall be
<br /> � peid to Barrower.
<br /> � . IP the Property is abandoned by Barrower.or iP,afler notice by Lender ta Horrower that the condemnor offers to
<br /> I make an award or settle a ctaim for damages.Bonower faits ta respond to Lender within 3U days after the date the notice is
<br /> • ; given,Lendec is autharized to collect and apply the praceeda,at its option,either ta restoration or repair of the Prapeny or
<br /> . to the Sums Securetl hy thig Cwr�eltv Incjs�imint,�.,hcst!er e�not thta�+us.
<br /> , Unless Lendrr and Borrower othenvise agree in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change the amaunt of such payments.
<br /> ; 10. Borrower Not Rek�ed; Forbea��oce By I.�nder Not a Waiver. Eatension of the time for payment or
<br /> malifira�tion oP amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> I interest ot'Bonower shall not operate to release the liability of the original Borrower or Horrower's successors in interest.
<br /> � I.ender shsll nat be required to commence proceedings against any successor in interest or refuse to extend time far
<br /> ; payment or otherwise modify amortization oP the sums secured by this Security Insirument by reason of any demand made
<br /> ; by the�riginal Borrower ar Borrower's successots in interest.�#av forbearance by Lender in exercising any right or remedy
<br /> � shall not be a waiver of'or preclude the exercisc of any right or�enedy.
<br /> ll. Sueceswn and Aut��ound;Joint�nd Seier�l Liabiltty;Co-�igners. The covenants and agreements of
<br /> ' this Security Instrumenl shall bind and benefit the successors and assigns af L.ender and Borrower.subject to the provisions �
<br /> of paragraph 17.Borrower's covenants and agreements shall be joint and several.Any Bnrrower who ccrsigns this Security � -
<br /> � Instrument but does not execute the Note:(a)is ccrsigning this Security Inst�ument ouly to mortgage,grant and convey �
<br /> ----- .b.. n.............r•.:..._��.:...�...n_.._.. .a c_ �. • . _ .., _d
<br />. ..---- -� �s�+=aw�av�.�• o�tta��ws tu tuc a�vNc�y u��OCi!�c tcini5v� ��Hs xcurtiy tnsi�unlcni:iQI1S 11Ui}7CI:i011911�1 OOUgaZCO t0}1a}I -� � �_.-_-
<br /> , the sums secured by this Security Instrument;and(r)agrees that I.ender and any osher Bcirrower may agrce to eatend. "
<br /> modify.fo•rbear or make any accommodations with regard to the terms of this Security Instrument or the Note without ' -.
<br /> that Horrower's consent.
<br /> ; 12. I.o�s Chuge�. If the loan secured by this Seeurity lnstrument is subject to a law which sets maaimum loan � -T
<br /> chargts. and that law is finally interpreted so that the interest or other toan charges collected or to be collected in -
<br /> . connection with the loan ezceed the permitted limits, then:(a) any such Ioan charge shall be reduced by the amount
<br /> . necessary to reduce the charge to the permitted limit;and (b)any sums al�eady callected from Borrawer which eaceeded �
<br /> permitted limits will be tefunded to Borrower. Lender may choose to make this refund by reducing the principal owed �
<br /> ! under the Note or by making a direct payment to Borrower. If a refand recluces principal.the reduction wi116e treated as a
<br /> partial prepayment without any prepayment charge under the Note.
<br /> ; l3. Legislatiaa Atiecting Leeder's Righta. If enactment or expiration of applicable laws has the effect of
<br /> rendering any provision af the Note or this Security lnstrument unenforccable according to its terms,Lender,at its option.
<br /> ' � may require imm�diate payment in full of all sums secared by thi� Secunt� Instrument and may�nvoke any remedies
<br /> permitted by Raragraph 19.If Lender exercises this o�tion. L.ender shall take the steps specified in the second para�raph of
<br /> paragraph 17. �.
<br /> 14. Not�ees. Any notice to Borrower provided tor�n thi�Securitp Instrument sfiall he given by delivering it or by
<br /> mailing it by first class mail unless applicable la� requires use uP another methai. The not�ce shalE be directed to the �
<br /> Property Address or any other address Borrow•er r�esignates by notice to Lender. Any notice to Lender shall be given bv
<br /> first elass mai!to Lender's address stated herein ur any c�ther address l,cr�der designates h;notice to Borrower. Any notice �
<br /> provided far ia ehis Security Instrumerct s?�al)�e deemed m have been gi�en t��Borroaer��r Lender when Riven as pro�•ided
<br /> in lhis paragra+�h.
<br /> 15. Gorernieg la�w;Severrbflity. This Secuntv In�trument chall be go��erned by federal law and thc law oP the
<br /> jurisdiction in which the Ptoperiy�is located. In the cvent that any pmot��on or clause�f th�5 Security In,trument or the
<br /> Note conf�icts with applicablc law,s:.�cts c�n'�ict stsa!!nos .lffGCi iti�tCi�YF<1ti4iOtiS(3�iIi1G SCCUiiiy' IiiSifUiilEili Cii l�iZ':V'ote
<br /> which can be givec�effect withaut thr�enflicttng provision. To th�s end thc pro�iti�an.nf thi�Secunty[nstrument and thc
<br /> Note are declared to be severable.
<br /> 16. Bprro�rer's Copy. Aorrc�uer shall be gi��en one confi�rmec!c��p} c�f the�Jote and��f thtti Sccur�t}• Imtrument.
<br /> l7. Transfer of the Property or a Beneficial Interrst in �iarrower. If all or any p�rt of the 1'roperty ur an�
<br /> interest in�t is sold or transferred(ar if a Ixnefic�aS interest tn�nrrotiser is,c,ld or�ran�ferred and Aorrnwer i�n�t a nawral
<br /> �►erconl w•ithout Lender's pnor wntter. rnnse�l,l.ender rnay,at u�n�ttc�n. �eywre inunediate�+�}•ment in (ull�f ali tium�
<br /> secured by this Sceunty Instrument. Hnwever. thi�nptinn 5I1;lII 17Ot he exercised h� I.rndrr �f exrtcnr i� prc�hibited by
<br /> federal law as of the date of this Secunty Instrumcm ='--__
<br />, If Lender exercites this opt�un. Lender shall�;ne B�rruw•rr n��tue c�fa�celeratinn The riutice tihall pr<�c�dc a penod �
<br /> of not le�s than?0 dayti from the date the noti,e�r debvered e+r mailed��uhin u h�ch �3c�rrc�urr mutit�ay�il wmti sc�:urrd by
<br /> thiti Securit�• Instn�ment If R�rrower f�uls t���•a� tlietie�urt�ti pn�ir to the expiratinn of thi�per�<+�1. I encler m��} �moke�ny
<br /> remed�eti permnted by t1i�sSrcunty Insteument aithoui lurthcr n��t�cc�n demand��n i�orr��«cr
<br /> 18. Idorroner's ltighi to Iteinstate. if l3orr��uer�iieet.ceria++����t��1�t��•n.. 13��rrnwer tit�.itt h�<< the nFht t�� h:i�e �
<br /> rufi�rcrmem uf th�ti Se.;unt} In�trument di�c��ntinued at an: tmtie pn��r te�thr cerher��f taf�d.+�,(��r tiu.h uther �en<Wj.�. �i
<br /> L n�+,hcahle laa ma� ��+ectif} fc�r reentitatetncnt� h�fi+rr syle�+f thr E';�,r�rt� �+i�r.u.uu t��.iny ��u��r e�f �,il<<<�iite�r�cd �n th�. �
<br /> ti,cunt} IntiUUmrrzt:ur(h)entry c�f u�udgmenl ent���r�rng thi�ti�.unc� Ir�,triunent. )h��.r�c�n�iiU+�n+�rr ih.+t itnrn�ucr
<br /> (,a) p:sy� l.ender :�II wm�. ��hech Ihen wi�ul;i he due uaider th�. tir�ut�t� In��rumcr�� ��r��f tht ti,���• h.sa n�� a��rlf•r.u��,n ��
<br /> I��CUffY�. 1{1► ��f�'. .ftlt t1C�dU�f ��� :1f1� 1�ihCP :��:Ch;ttl{� nt ,��tf�'c'tt:C��h 1�� ^.f}• .:i! l'\j•t-h.r� tl;.U!tC�f in :'I��iQ�ltl,• i�i14 i3O!
<br /> ti�.u�ii� in.ir��mcni. m�iuu�ng, nut nnt limite� t��. rc•.l��m..�hlr�,tt„n�_4•, tc�. .�n,i i,ti t.�4�r, ,,;.'i .,.u� �� .�. 1 ����1r� �u.�� �''�
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