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<br /> � If I.ender required mo�t�a�e insurancc as a condition of'rtm�king the lann secured by this Secudty lnstrument,
<br /> Borrower shsU pay the premiums required to maintain the insurance in eRect until such time as the requirement far the
<br /> • insur�nce terminata in accordance with Honower's and Lender's written agreemrnt or applicablz Isw.
<br /> ' S. l�. Lender or its agent may make rasonable entria upon and inspecuons of the Property. Lender
<br /> shalt�ive Borrower notice at the time of or prior to an inspection sp�cifying reasonable cause fnr the inspection.
<br /> ; 9• Co�de��atloM• The proceed.g�af sny swud or claim for damages,direct ar conseque�ti�l,in connection with
<br /> . any condemn�doa or other Wcina of sn�put of the Property,ar for convey�nce in lieu of condemnatic+n, are hereby
<br /> � , �ssij,t►ed snd shall be paid to Lender.
<br /> � �n the evmt of a total taking of tha Property, the proceeds sha11 be appJied to the sums secured by this Security
<br /> � InsWment,whether or not then due,�reth�ny excess p�id ta Borrower. In the evrnt oF a partial taicing of thr,Propemr,
<br /> u�ka HorroMer and Lender othenvix ag�ac in writing,the sums secured by this Security Instrument shall be reduced by
<br /> tbe amount of the proceeds mwltiptied by the following fixction: (a)the total amount of the sums secured immediately
<br /> before the takins.divided by(b)the fiir muket value of the Property immediately before the taking.Any balance shal!be
<br /> p�id ta$orroMer.
<br /> ' If the Property is al�andonod by Bonower,or if,after notice by Lender to Borrower thai the condemnor offers to
<br /> ? malce�n awud or settic a claim for damages,Borrower Pails to respond to Lender within 30 days after the date the notia is
<br /> --- - _ dven,Lmder i�►authorized to ec�lkr_.t aec���+ply th�Frt�t�s,at dts��:i�r..�'st�arr t�re�tu::.tio:.o:rp.::r af t:�a°:ay�..-:y o:
<br /> � to the sums socured by this Security Instrument.whether or not then due.
<br /> Unleas Lender and Bonawer otherwise agra in wsiting,any application of�roceeds to principal shsill not eatend or
<br /> postpone the dne date of the monthly payments referred to in pangraphs 1 and 2 or change the amount of such payments.
<br /> 10. Horrower Not Reka�ed; Forbarance By Lender Not � Wai�er. Eatension of the time for payment or
<br /> modiflcation of amortization d the sums secured by this Secarity Instrument grAnteci by Lender to any successor in
<br /> interest of Borro�ver shaU not aperate to rela�se the liability of the origina!Borrower or Borrower's successors in interat.
<br /> - Lender shall not be required so commance procadings against any successor in interest or refuse to extend time for
<br /> paymrnt or otherwise modify amortization of the sums secured by this Security]nstrument by reason of any demand m�de
<br /> by the original Borrower or Borrower's successors in interat.Any forbearance by l.ender in eaercising any right or remaly
<br /> ; shall not be a waiver of or preclude the exercise of any righi or remedy. �
<br /> ' il. Srecesron a�d Aaqps Bqud;Joiat aad Se�eral I.iabiUty;Casiaaen. The covenant9 and agroementa of '
<br /> this Security Instrument shall bind and beneflt the successors and assigns of Lender and Bonower.subject to the provisions
<br /> of parsgrsph 17.Borrower's covenants and agraments shall be joint and several.Any Borrower who co-signs this Security
<br /> Instrum+ent but does not eaecute the Note:(a)is casiRninR thu Security Instrumen��nly tm m�rt�o�,vOfAt►t A��w..Y=� _ � _-�
<br /> - - - - - �hat gonower s tniaest in the Praperty under the terms af this Security Instrumrnt;(b}is nat personally obiigated to piy �
<br /> the sums secured by this Security Instrument;and(c)agrees that Lender and any u�her Borrower may agra to eatend, ` - °
<br /> � modify,forbear or make sny acxommodations with regard[o the terms of this Security lnstrument or the Note without � -
<br /> � that Bonower's consent.
<br /> � 12. I.w�CYanea. If the loan secured by this Security Instrument is subjat to a law which sets maaimum loan -
<br /> chsrges. and that law is 8nally interpretod so that the intorest or other loan charges wilected or to be collected in
<br /> conneetion with the loan exceed Rhe permitted limits. then: (a)any snch loan charge shsll be rcduced by the amount �:-
<br /> i necessary to roduce the charae to the permitted limit;and(b)any sums already collxtod from Borrower which exceeded
<br /> petmitted 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.lf a refund reduces principal,the reduction wiU be treated as a =
<br /> , � putial pnpayment without any prepayment charge under the Note.
<br /> 13. I.eatlatio� Al�ectin� I.ender's Rig6ts. IP enactment or expiration oF applicabte laws has the effect of
<br /> rendering ar�y provision of the Note or this Securitv Instrument unenforceable accordir�g to its tenns.Lender,at its optian, ;
<br /> may rcquire immediate payment in fuU of all s�ims secured by this Security lnstrument and may invoko any remedirs �
<br /> permitttd by paragraph 19.If Lender exercises this option,Lender shall take the steps specifiect in the second paragraph of ,,;,,
<br /> pangnph 17. ;�:
<br /> 14. Notices. Any notice to Borrower providal for in this Seeurity 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 notice shall be directed to the ,
<br /> . Property Address or any oihtr address Borrower designates by notice to Lender. Any notice to Lender shall be given by '
<br /> first cliss mail to Lender's address stattd herein or any aiher address l,ender designates by notict to$orrower.Any notice
<br /> � provided for in this Security Instrument shaIt be deemM to have been g�vrn to Borrawer ar Lender when given as provided
<br /> , in this puagraph.
<br /> 1S. G�ernieg Lar►;Sttersbility. This Security Instrument shall be gotierned by federal!aw and the law of the
<br /> jurisdiction in which tht Prc}�er�y is focated.ln the e�ent that any provision or rEnuse of th�s 5ecurity inctroment or the
<br /> Note conflicts with applicablt law.such coflBict shall not affect other provisions of this Secunty instrument or the Ir'ote
<br /> � which can be gir•rn effect without the conflicting prflvision.To lhis end the provisions of this Security Instrument and the
<br /> Note are declare�to be severable.
<br /> 16. Bonrower's Copy. Borrower shall be given one conformed copy of the Note and�f thys Secunty Instrument.
<br /> �i7. Tnnsfer ot the Property or a Beneficial interest in Borrower. If aU or any pnrt of the Yroperty or any
<br /> interest in it is sold or transferred(or if a beneficial�nterest in Borrower is soid or transferred and Borrower�s not a natural
<br /> person)without Ltndei s priar written consent,Lender may,at�ts optton, requ�re �mmediate payment m full of all sums
<br /> sec�red by this Secutity lnstrument. However,thts opt�on shall not be exerc�sed by Lender �f exercise �s prohibited by .----_—_
<br /> federal law as of'the date oP this Secunty]nstrument. �
<br /> • lf Lender eaereises this option,Lender s6a11 grve Botrawer notice of acceleration.The not�ce shalE provide a penod
<br /> of not less than 30 days from the date the nutice is delivered or mail�d within a�hich Borroa•er must pay�II cums secured by
<br /> this Security Instrurnent. lf$orrower fa�ls to pay these sums prior ta the expirat�on oith��penod, Lender may invoke any
<br /> rtmedies permitted by this Secunty lnsttument w�thout further noticc or demand nn Borrower.
<br /> 18.Borroxer's Righi to Reinst9te. lf$orrower tneets cer�a�n condtiinn�, Horrower SFiall have thr ngh[ ���have •�y�
<br /> enforcement of this Secur��y Instrument disconhnued at any t�me pnor tcy the eariier��f (ai 5 da}5(nr such<,ther penc�d as '
<br /> L . applicable law ma}•spccify for remstatement)txfore sale of the Praperty pur,uanc tr�anti p��wer c�r��Ir c�ntained m tins � '
<br /> Securit! lnstrument;ur (b)entry of a�udgment enforccng this 5ecunty in�trumen� Ihc�tic umditi+ms are that Bc�rrc�v er �t�
<br /> (a) pays Lender aU sunas w•hich then would be due under ttr�s Secunty Intitrumrnt ancf thc '���tc had ne� acceterapcm ��'
<br /> occt!rred: (t�?cute� a�y de6al.�lt of snJ� ott:e: c�:er.ants o.;�g:�r�r�cr�t�. (cy �ay� a!! CArK'f1�E� �n��rrc� in rr�fvrcii�� ihi� ��
<br /> Secunty Instrument, including, hut not hm�teci te�, rea�onablc aitorney�' fees. �nd �d) take,�u.h a.tiun �� i endrr rri�y �`�� �
<br /> reasonably require t��as�ure thnt the lier� c�f th�ti 5ecunt� ln�ttumcrii. 1 ender'� r�Kht� �rt the F'r��perty arid Ii��rr��wcF't
<br /> nbhgahon to pay the �um� �ecurcd h� Shi. Sc.unt� Intitrurncnt �hall ���itinnuc un,har��;ed t ;���r� rr�u+iaerrnrui t��
<br /> E3orroue�,thit Se�unt} dmtrument az�!thc��bli�atinns�ecureef hrrch� �lial� rc•m�un fulh ��t}e.t.r,s��t n��e�_cle�r,�n�m heJ
<br /> cK:curted Wnue4er.thi�r��;ht U�rcinstutc�fiall nui ar�pl} in Thc�s�c� i.�.,•.Irrau�,r� ur,d�•� ��.u.,.,,�,T.��• � �,�� ;'
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