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<br />If Lender repaired mortgage insurance a Itiott of- ;making he l tt See orw,bylliis .04curit.y Instrument,
<br />Borrower shall pay the premiums requited tea maiiniain: the insumwe iti effect until:`stiA tltne es the requirement for the
<br />insurance terminates in accordance with 13ort6wees and L.ender's written agreement m •applicable law.
<br />S. Inspection. Lender or its agent rnay' make reasonable entries: upon and b xt ctions of the . Property. Lender
<br />shat! have Borrower notice at the time of or prior to an iinspe ctiott specifying reasonable cause for the nspest:tion.
<br />9. Condemnation. The proceeds of any award orcWtit for damages; direct or cor sequeential, in conn..etion with
<br />any condemnation or other taking of any part 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 than due, with any exc= paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrower and Lender othcrwisc agree in writing, the sums secured by ibis 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 befotc the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lepder within 30 days after the date the notice i!
<br />given, Lender is authorized to collect and apply t5e proceeds, at its option, either to restoration or repair of i he Property or
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to prinOrrz! stttdl not extend or
<br />postpone the due date of the monthly payment✓ referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrowci, Not Released; Forbearance By Deader Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any sur.ccsvir in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings aga'•nst any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />sisal] not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; C"Igners. The covenants and agreements or
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provk;ons
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any dorrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant ard convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally oblige ed to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Not., without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other Than charges collected or to be collected in
<br />connection wit,: the loan exceed the permitted limits, then: (a) any such loan charge shall he reduced by the amount
<br />necessary to reduce the charge to the permitted limit; znd (b) any sums already collected from Borrower which exceeded
<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 Note.
<br />13, Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any prevision of the Note or this Security Instrument unenforceable according tc its !cr'ms, Lender, at its option,
<br />may require immediate payment in full of all s,tms secured by this Security Instrument and may invoke any remedies.
<br />permitted by paragraph 19, If Lender exercises this option, Lender shall lake the steps specified in the second paragraph of
<br />paragraph 17.
<br />14, Notices. Any notice to Borrower provided for in this Security lnstrunt.:nt shall he 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 other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or arty other address Linder designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when Riven as provided
<br />in this paragraph.
<br />15. Governing Low; 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 that any prbviision or clause sir this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security instrument and the
<br />Note are declared to be severable.
<br />16, Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17,. Transfer of the Property or a Beneficlal Interest in Borrower. If all or any part of the Propery 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 optior- shrill not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercise-, this option. Lender shall give 11%,.-rower notice of acceleration. The notice shall provide a peritxl
<br />of not Icss than 30 days from the date the notice is delivered or mailed within which Borrower must pr,,; all sums secured by
<br />this Security Instrument, If Borrower fails to pay these sums prior to the Kxpiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on harrower,
<br />18. Borrower's might •o Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument di;;continued at any time prior to the earlier of: (a) 5 days (or such other period m
<br />applicable law may specify for reinstatcment) before sale of the Property pursuant to any power of sale contained in this
<br />Security instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this
<br />Security Instrument, including, but not limited to, reasonable attorneys' fees; and (d) takes such action as Lender may
<br />reasonably require to assure that the lien of this Security instrument, Lender's rights in the Property and Borrower's
<br />obligation to pay the sums secured by this 'Security Instrument shall continue unchanged. Upon reinstatement by
<br />Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. Ilowevcr. this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17,
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