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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, director consequential, in connection with
<br />any condemnation or other taking of any pan of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. in the event of a partial taking of 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:of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or ff, a�-notice by Lender to Borrower that the condemnor offers to
<br />make an award or setdea claim for damages, Hortr►su .(;�iZ GJ respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums.49cuzedby this Security £ nstrument, whether ornot then due.
<br />Unl* Leader and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the 4w—_' A of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. B'Y)tiir- Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification'bYdn-',iriization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability af-the original Borrower or Borrower'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 />payment or otherwise modify amortization of the sumsrri�d by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in inter t .Any forbearance by Lender in exercising any right er re=edy
<br />shall not be a waiver of or preclude the exercise of any right ibi' rf medy.
<br />IL. Successors and Assigtia-Bound; Joint and Berm: Liabilit:g-Co- signers. The covenants and agr6=63 z. cf.:
<br />this Security Instrument shall bind and benefit the successon*a6d•assigns of Lender and. Borrower. subject to the prljviviaris
<br />of paragmpli 17, Borrower's covenants and agreements shall be.juiiit and wveral_ Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing ihi�, 5eeur,$y 1"tistrument only to mortgage. grant and convey
<br />that Borrower's interest in the Property under the terms of this Security fn trument; (b) is not personally obligated to pay
<br />the sums, w.-cured by this Security Instrument, and (c) agrr-.s that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard tts the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Smuurity instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest loan
<br />or other charges collected or to be collected rr>:
<br />connection with the loan exceed ilia permitted limits, then: (a) any such loan chars: shall be reduced by the aiiicunt:
<br />necessary to reduce the charge to the permitted limit: and (b) any sums already collrmted from Borrower whidl CVQDa vito3
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<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the princi;ai cn,;
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated: s
<br />partial prepayment without any prepayment charge under the Note.
<br />13. 1Legisladliix Affecting Lender *s Rights. If enactment or expiration of applicable laws has the effect. ,:::f
<br />rendering, any provision of the Note or this Security Instrument unenforceable according to its terms. Lender. at its actor. r.,..
<br />may require: immediate payment in full of all sums secured by this Security Instrument and may invoke :uty: rernedic--,
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<br />permitted 6y paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument,tihall be given by delivering it or by
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<br />mailing it by first class mail uniesy applicable law requires use of another method: T1ie notice shall be directed to the
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<br />Property Address or any otter adrlrtss Borrower designates by notice to Lender. An) notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Swurity Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />1S. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event Mac any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law. such conflict shall not alli::ct other provisions of this Security instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provision% of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given tine conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If 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 Lender's prior written consent. Lender may, at its option. require immediate payment in full of all sums
<br />secured by this Security instrument. However, this option shall not he exercised by lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />if Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice %hall provide a period
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<br />of not less than 30day% from the date the notice isdelivered or mailed within which Dorro%%cr must pay all %ums secured by
<br />this Security instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on $orroixer.
<br />18. Borrower's Right to Reinstate. if Borrower meets certain conditions, 1lorroaer shall have the right to have
<br />enforcement of this Security Instrument diwOnfinucd at any time prior to the ear)icr of (a) g days ivr such other period as
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<br />applicable late may specify for reinstatement) before sale of the Property putsuant to an} pimer of s ale Contained ire thi
<br />Security instrument; or (hi entry of a judgment enforcing this Security Instrument Ihtrse conditiom arc that Itorro%%er
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<br />(a) pays Lender all Sums which then would be due under this Security Instrument and the Now hat.l no acceleration
<br />occurred. (h) cures any default of any other covenants or agteernent'i. (c) pays all c %pcnse, incurred in �- nforcinp thi.
<br />Security irstrument, including, but not limited to. reasonable aturrtteys es fe and (di TAC, ,udh :cctr,ro .r. I C1141CI nrav
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<br />reasonably require to aware that the hen of this Scotrity Instrument. I ender's rwhts in the i'rr•herty .inii Iturn,ucr .
<br />oblization to aU the suns . �£ '
<br />p �.ut�_c1 by this Si:itiriti 1::struriscnt shtdl ��ruhniar :n,. i7ant�r�,f l t•: n, cirri•• iir•+rn•ar !••.
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<br />Itorrowet- dies Security Im,'m merit and the r}blrpations set tired here'rr; ih.-W te-rn.un ?,ill-. . Itr•tr.: ;r+ i; i .r ,i. _ i_t.i't :: 12 r.f
<br />ca :utred Umi ever• tho riglit trr rcismatesh,ill not apply in the _,t -c • t:r. :0; r.:ri••n uiuh r 1"31.10f 111b..
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