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<br /> �a�- l��e���
<br /> � �f l.ender reauired mort�a�e insur�nce u a condition oP malcing the Iwn securcd by thi� �ecority Inatrumenl.
<br /> Borroaer shal!p�y the premiums requlred to maintain tht insurance in eA'ect until such time as the requirement fbr the
<br /> insurance termiru�ta in accord�nce with Borro�ver's and Lendes's written agrament or applicable l�w.
<br /> S. I�eetlo�. I.ender or ita agenl m�y make rcason�ble entries upon and inspections of the Property. l.ender
<br /> shall�ive Borrower notice at the time of os prior to an inspection spa:ify+ing reasonablc cause for the inspection.
<br /> 9- Oo�i�tio�. The proceeds oP any eward or c1�im for damsaes,direct or consequential,in connectian with
<br /> any condemnation or other taking of any part of the Property.or for conveyance in lieu of condemnation, ue hereby
<br /> assipKd and thall be paid to I.ender.
<br /> I�the event of a total taking of the Property;the proceeds shall be applied to ihe sums secured by this Secutity
<br /> Instrument,whether ar not then due,with iny eacess paid to Horrowet. In the event vP a partial t�king of the Property�
<br /> unlesa BomoMer and l.ender othenvise sgra in writing,the sums secured by this Security lnstrument shall be rcduced by
<br /> the amount of'che proceeds multipliod by the following fraction:(a)the total�mount of the sums secured immedistely
<br /> befoce the takin;.dividod by(b)the fiiir muket vatue of the Propeny immediately before the talcing. Any bal�nce sh�ll be
<br /> paid to HorroMer.
<br /> If the Property is abandoned by 8orrowes.or iP.atter notice by Lender to Borrower that the condemnor oRers to
<br /> make an aw►ud ar settle a cl�im for damases,Borrower fails to respond to Lender within 30 days sfter the date the notice ia
<br /> • Siven,Lender is authorized to collect and spply the proceeds,st ita option,either to restontion or repair of the Property or
<br /> �:�lC�il:RS�L•!w��:;ito.�..,.,Mii;t;j;:;i3►.-o�c„i,Wi cii�cr ur noi ineA Oue.
<br /> Unless Lender and Borrowe�otherwise agtee in writing,any application of proceeds to principal sh�ll not eatend or
<br /> postpone the due date of the monthly psyments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 10. Boreower Not Rele�ued; Forbeasance By Lender Not a W�i�er. Extcnsion of the time far payment or
<br /> modiflcation of amoriiz�tion of the sums sxured by this Security lnstrument granted by Lender to any successor in
<br /> i,�terest of Horro�ver shall not operate to relcyse the liability of the original Borrower or Borrower's successors in interest.
<br /> , L�ender shapl not be required to commence proceatings against any successor in interest or retLse ta extend time far
<br /> : payment or otherwise modify amortizatian of the sums secured by this Securitp Instrument by reason of any demand made
<br /> by the oriait�sl Borrower or Borrower's successors in interest.Any forbearance by I.ender in esercising any right or remedy �
<br /> ahall not be a waiver of'or prxlude the exercise of any right or remedy. . .
<br /> �1. S�cca�ors avd Md�s Boa�d;Jo4t�nd Se�en! Litbility;Co�i�ers. The covcmnt9 and agreements of ,
<br /> this Security Instrument ahall birid tnd beneAt the successors and assigns of Lender and Borrower,subject to the provisions �
<br /> of parsgraph 17.Borrower's covenants and�gaments shall be ioint and sevetal.Any Horrower who co-sirtns this Securitv
<br /> - - Instrument but does not eatcute the Note:(n)is casigniag this Security Instrumeni only to mortgage,grant and canvey j -
<br /> that Horrower's intenst in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay � ' -
<br /> the sums secured by this Security Instrumcnt; and(c)agrees that Lender and any other Borrower may agree to extend, ;
<br /> modify,farbear or make any accommodations with regard to the terms of this Security Jnstrument or the Note without - —
<br /> that Horcower's consent. -
<br /> 12. Los� -�''�'_
<br /> CLa�a. If'the toan secured by this Security lnstrument is subject to a law which sets m�ximum loan
<br /> chuges, and that larv is finally interpreted so that the interest or other loan charges collected or to be collected in
<br /> connation with the losn exceed the permitted limits, then: (a)any such loan charge shall be roduced by the amount
<br /> necessary to reduce the chuge to the petmittod limit;and(b)any sums already collxted from Horrower which exceeded i
<br /> permitted limits will be refunded to Borroaer. I.ender may choose to make this refund by reducing the principal owed �
<br /> under the Note or by making a direct payment to Horrower.If a refund reduces principal,the reduction will be treated as a
<br /> partial prepaymrnt without any prepayment charge under the Note.
<br /> 13. Le�istatlon AReMin� I,eeder's Ri�6ts. If enactment or expiration of applicable laws has the eftect of
<br /> rendering any provision of the Note or this Sxurity Instrument unenforceable according ta its terms,Lender,at its option, �
<br /> may require immediate payment in full of all sums secured by this Security lnstrument and may inroke any remedies '•
<br /> , permittai by puagraph l9.If Lender exercises this option,Lender shall take the steps specified in the second paragraph af
<br /> paragraph 17.
<br />: 14. NoHea. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by ��,
<br /> mailing it by Rrst class mail unless applicable law requires use of another method. Thc notice shall be directed to the
<br /> Property Addtess or any other address Bonower designates by notice to I,ertder. Any notia to Lender shall be given by , �
<br /> firsi clus mail to I.endes's address stated herein or any other address Lender designates by not'tce to Borrower.Any notice
<br /> provided for in this Sxurity Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br /> in this ps�ragraph.
<br /> 15. �trnin�I.aw;Sevtnbility. This Sccurity lnstrument shall be governed bc federal law and the law of the
<br />: jurisdiction in which the Proprrty is located.In the event that any provision or clause of this Secunty Instrnment or the
<br /> Note confliets with applicable law,such eon8ict shalZ not affect other provisions of this Security lnstrument or the Note
<br /> which ean be given effect without the conflicting provision.To this end the provisions of this Security lnstrument and the
<br /> Note are declaral to be severable.
<br />� 16. Borrower's Copy. Borrower shall bc given one conformed copy of the Note and of this Security Instrument.
<br /> 17. Transter of the Property or a Beneflcis�l Interest in Bonower. lf all or any part of the Property or any
<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 Ltnder's prior written consent,Lender may,at its option, require immediate payment in full of all sums
<br /> secured by this Security lnstrument. I�nwever, this option shali not be exercised by Lender if exercise is prahibited by __ _ __
<br /> federal law as of the date of this Security Instrument. ' �
<br /> lf Lender exereises this optiou,I.ender shall give Borrower natice of acceleration.The notice shall provide a period
<br /> of not lss than 30 days from the date the notice is delivered or mailed within which Borrower must pay aU sums secured by
<br /> this Security lnstrument.If�orrower fails to pay these sums prior to the expiration of this periorj,Lender may invoke any
<br /> remedie��sermitted by this Security lnstrument without further notice or demand on Borrower. �
<br /> 18.Borroxer's Right to Reinstate. If Borrower meets cena�n cond�tions, Borrower shall have the right to have �
<br /> enforcament of this Security Instrument discontinued at any time pnor to the earl�er of:(a)5 days(or such other penod as �!
<br /> L applicable taw may specifj+for reinstatement)befor�sale of the Property pursuant to�ny power af sale contamed in this �
<br /> Security Instrument;ot(b)entry of a�udgment ent'orcmg this Security lnstrument ?hose condit�ons are that Horrower: �.
<br /> (a) pays ?er.der all sums t:�hich then tiould be due ander this Sccurit3• lns:rument and the Note bad no accelerat�on �:�
<br /> occurred; (b) cures any default of any othet covenants or agreements; (c) pays all expenses incurred m enforc�ng th�s �
<br /> Secunty Instrument, includmg, but not I�mited to, reasonable attorneys' fees; and (d) takes wch action as Lender may �'
<br /> reasonably reqmre tn assure that the I�en of th�s Secunty Instrument, Lender's nphts in tlic IProperty and Florrower's ' _
<br /> obligation ta pay the sums secured by this Secunty Insttument shall corrunuc unchanRed l'pun rein5tatement by
<br /> Horrowet,th�s Secur�ty Instrument and the obl�gaUons secured hrreb� shall remam fuliy ef�ectr�e a�if no accelerat�on had
<br /> nc�urred Fiou•ever,th�s nght to reinstate shall not apply m the catenf accclerancm under par�graphs 1�or 17
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