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<br /> � If[�:nd�r regulrecf mortgage insurancc as a condition of makiag ihe lcan securcd t►y this Sccurity Instrument,
<br /> Borrower sh,�li pay the premiums requ�red to maintain tha insurgnce in e�'eCt until iuch time as the requirement for tht
<br /> ' insurence tertninata in accordance with Hottower's end Lender's v►rittcn agreement or applicablc law.
<br /> , �. IaRpection. I.ender ar its agtnt may make reaaonable entries uUon and inspections af the Frc+perty. Lender
<br /> s1��11 give Barrower notico�►t the time o�or prior to an inspection specifying rcasonablecause far the inspectian.
<br /> � 9. GoAdem�tioa. 'fhe proceeds oFany award or ctAim for damages,dlrcct or consequential,in cannection with
<br /> � ! any condemnation or other t�king of any part of the Property, ar for com•eyance in lieu of condemnation, are hereby
<br /> ' assigned and sh�ll b�paid to Lender,
<br /> � In the event of a total takina of the Praperty, the proceeds shall be applied ta the sums securod by this Security
<br /> � I�strument�whether or not then due, with aiay excas paid to Bonower. In the event of a paflial taking aF the Propeny.
<br /> � unless Horrower and Lender otherwise�gra in writing,the sums secured by this Security Instrumtnt shal)be reduced t,y
<br /> f the amount of the proceeds multiplied by the follawing fraction: (a)the total amount of'the sums secured immediately
<br /> , before the taking,divided by(b)the f�ir msrket valuc of the Property immediately befure the taking.Any balance shall be
<br /> � paid to Borrawer.
<br /> '• lf the Property is abandoned by Borrower,or if,after notice by I.ender to Horrower that the condemnor offers to
<br /> ; m�k�an aw�rd ar settle a claim for damages,Horrower fails ta respond to Lender within 30 days after the date the notice is
<br /> • { givea,Lender is authorized to collect and apply the praceeds,at its option,either to restoration or repair of the Property or
<br /> j 2'v iii2 SiiTiS S"w.iiiu'�vji f�i:s�:.;.ur.t-�tnstr�;m;.ni,iV}i�2}ii:f Of iivt 2�Ia:fi�i2�.
<br /> ; Unless Lender and Bonower otherwise agree in writing,any application of proceeds to principal shall not eatend or
<br /> � postpone the due d�te ot'the monthly payments referred to in puragraphs 1 and 2 or change the amount of such payments.
<br /> � 10. BorroRer Not Released; Forbarance By I.ender Not s� Walver. Extension of the time for payment or
<br /> + modi8cation of amortization of the sums securedi by this Security Instrument granted by Lender to any successor in
<br /> � interest us Borrawer sh�ll not opesate to release the liability of'the original Borrower or Borrower's successors in interest.
<br /> � Lmder shal) not 6e required to commence proceedings against any successor in interest ar refuse to extend time for
<br /> � payment or otherwise modii�+amartization of the sums secured by this Security Instrument hy reasc*�e c�f any demand made
<br /> � by the original Bonov►er or Borrower's successors in interest.Any forbearance hy Lender in exerciser�gany right or remedy
<br /> j shall not be a wxiver o�or preclude the exercise of any right or remedy.
<br /> i li. Succeswrs and Asoiges Bound;Joint�nd Several Liability;Co-signers. The covenants and agreements of :
<br /> � this Security lnstrument shall bind and beneflt the successors and assigns of Lender and Borrower,subject to the provisions
<br /> . of paragraph 17.Bonower's wvenants and agreements shall bc joint and several.Any Borrower who casigns this Security , �
<br /> ___� Instrument but das nat execute_the Note:(a)is casigning this Security Instrument only to mortgage,grant and convey �_ -_
<br /> -? that Horrower's intaest in the PropeRy under the terms of this Security Instrtiment;{b)is not personally obEigated to pay �-�
<br /> the sums secured by this Security Instrument;and(c; agrees that Lender and any other Borrower may agree to extend, ";
<br /> 's modify,forbear ot make any accommadations with regard to the terms of this Security Instrument or the Note without �
<br /> ; that Horrower's consent. =
<br /> ; 12. I.oan Clutr�. lf the loansecured by this Security Instrument is subaect to a law which s�ts maximum loan .,.--
<br /> ! charga, and that lan i� flnally interpreted so that the interest or other loan charges collected or to be collected in
<br /> � conneetion �ith the loxn eaceed the permitted limits, then: (a) any such loan 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 which eaceeded
<br /> ` ; permitted limits will be refunded 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 refund reduces principal.the reduction will be treated as a
<br /> � partial prepayment without any prepayment charge under the Net��.
<br /> � 13. Legialatlan AReeting I�der's Rights. If'enactment or expiration of applicuble laws has the effect of �
<br /> ' rendering any provision 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 t1- • Security Instrument and may invoke any remedies
<br /> � permitied by paragraph 19.If Lender eaercises ttcis opiion,Lender shall t:�e the steps specified in the second paragraph of
<br /> � paragraph 17.
<br /> 14. Notiees. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br /> � mailing it by first class mail unless applicable law requires use of another method. The notize shall be directP.d to the ���,
<br /> . Property Address or any other address Borrower designates hy notice to Lender. Any notice to Lender shall be given by •
<br /> first class mai)to Lendet s address stated herein or any other address Lcnder designates by notice to�nrrower.Any notice '
<br /> , provided for in thisSecurity lnstrument shaU be deemed to have been given to Horrower or Lender when given as provided —
<br /> in this paragraph.
<br /> ' lS. Governing I.a�►;Severability. This Security Instrument shall be govcrned by federal law and the law of the
<br /> }urisdietion in whieh the Froperty is lcxateci. In the event that any� provisio��or ctau�e�:f th�s Stx:urity ii��trur��ent or she
<br /> Note eonflicts with applicable 1aw,such conflict shaU not affect other provisions of this Security Instrument or the Note
<br /> which can be given effect without the canflicting provision. To th�s end the provisions of this Security lnstrume�t and the
<br /> Note are declared to be severable.
<br /> 16. Borrower's Copy. Borrower shall be given otte conformed c�py of the Note and of this Security Instrument.
<br /> 17. Tnesfer of the Property ar s Berteficial Interest In BorroK�er. If al! or any E�art of the Property or any
<br /> interest in it is sold or transFerred(or if a beneficial interest in Barroa•er is,uld�r transferred bnd Borrower is not a natursl
<br /> person)w•ithout Lender's prior written consent. Lender may,at its option,reyuire immediate payment m fu11 uf afl sum�
<br /> secured by this Security Instrument. Now•ever, this option shall not be exercised bv Lender if exercise is prohib�ted by
<br /> federal law as of ihe date of this Secunty Insttument. _-°___
<br /> If Lender exercises this option,Lender shall give$otrower n�Ntce of acceleration. The notict tihall proti•ide a period '
<br /> of not less than 30 days Gom the date the notice is delivered or ma�led within which R�rrc�«cr mu�t ray a!I�ums tecured by
<br /> this Security�nstrument. If 6ortower fails to pay thete sums prior to thc expiration of�hts penod, Lender ma} in�oke any
<br /> remedies permitted by this Secutity Instrument w•�thout furthcr not�ce or demand nn Borrower •
<br />, !S,ilorrowCr's Right to Reiestate. If Btsttowei meeiS cefiain cond�tinn5. Iiorresu•er �hall hace the right to ha,e
<br /> enfore�ment of thisSecurity lnstrument diseant�nurd at any time rrior to the e.irher�f:(u)s da}�(�r wch uther�enc�d.+� p��
<br /> L applicahle law may specify �'nr rein�tateinent)before sate of the Property� �ur�uant tn an� power of sale cc�ntained�n ttu� �i.�
<br /> 5eeurity lnstrument; or(b)en�ry �f a}udgment enforcing th��Secunty Ins!:ument Ihe��e r��nditu�n�<<re that Hc�rrrn�er
<br /> (a) pa}•s Lender all sumc �chirh then w�ufd be due under thi� Serunt� In�trument a+id the �;�,tr h�d nn arrelerau�m �
<br /> ���CUtr���1, (h)Ciir�t�n LiCf�Ult �f'an � ot.icr rt��FCnantti or a�, •* .• t , l •,_•; �.•• :: E n.
<br /> } } } rrce..i �i ti 4r) (���. a 1 :��. iti��� �ne::e. �d i �nfe,rring t.iiti iy�
<br /> Secunty lmtrument. �ncluding, but not lim�ted to, rea�nnahie atEc�rncti�' fecti. anif ri��t<�kc. .u�h a�h��n a� I.ender may ��
<br /> reationabl� reyu�re t�� ati�ure that the l�cn i�f thi� 5erurit} [nttrumrnt, 1 �•r��ie•i'� ri�ht� rn thc Pr��,crt� .�n�l li��rr��urr'� �'
<br /> c�hlig�h�n ti, �+c�� Ihe �uici. tiecured hy thiti Seci�r�t} In�trwnent .h�ll ���i�uuu�• �iur}i.iui;el l � �u rc�i�,�.�t���ncnt h} •
<br /> R�+�r��«er.thi,yr�urit� In,trumcnt anci theuhl��:.sii��n.�crurr�l hr*:•h� �li,�li rc•n�.uu tull� .•flr,t<<< �� ,t �,-..:..rl� r.�n� r�li.i,f
<br /> ��.cutrc�d Hnur�rr.ti��.n!.�hth�rerntil.�tc�haU�i;,:.�r��l� inthr�.,�:• �i.�...1�•r-�h��n :incicr - .�r.:.•r.i�.h. 1i,., 1_
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