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<br />g9- 102JL43
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Semrity Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect =til such time as the requirement for the
<br />insurance tertn:nates in accordance with Borrower's and Leader's written agreement or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspecti ms of the Property. Leader
<br />shall give Borrower notice at the time c f or pt ior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. 'ne proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance is lien of condannation. are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds sh?'f r_ applied to the sums secured by this Security
<br />Instrumen'', whether or not then due, with any excess paid to Dorm wee. in the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writ+ g, the sums sectnre i by this Security Instrument shall be reduced by
<br />the amount of the proceeds mtfitiplied by The following fraction: (a) the total amount of the sums secrured 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 i3 abandoved by Borrower, or if, after notice by Lender to Borrower t_..0 :he cond=7; -or offers to
<br />make an award or settle a claim for damages. Borrower fails to nspo ::1 to Lender within 30 days after the date the notice is
<br />given, Lrtder is authorizzd to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or noS their due.
<br />Unless Lender and Borrower others -,e agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs i and 2 or change the amount, of such payments.
<br />10. Borrower Not Released; EwberQance By Lender Not a Waiver. Extension of the tirpe for payment or
<br />modification of amortization of the sums secured by this Se urity Instrument granted by Lender to any successor in
<br />interest o; Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be rr quired to contmencz proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization orthe sums secured by this Security Instrument by reason of any demand made
<br />by the originad Borrower or Borrowers success ors in interest. Any forbearance by Lender in ext-scising any right or remedy
<br />shall not be a waiver of or preciude the exercise.^fany right or remedy.
<br />11. Successors and Assigns Bound; Joint and wend Liability; Co-signers. ' The covenants and agreements of
<br />this Security Instrument shz'_l bind and benefit the successors and assigns of Lender and Porrower, subject Co the pro. isions
<br />of paragraph 17. Borrower's covenar, is and agreernimt- shall he joint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- si, -ing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms cf this Security Instrument; (b) is not personally obligated 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 leans of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Cbar2es. If the lean secur -d 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 loan charges collected or to "-.e collected in
<br />connection wish the loan exceed the permitted limits, then: (a) any such loan charge shat) be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (L) any sums already collected from Borrower which exceeded
<br />permitted limits •x611 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 r_Nrd reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legi; lotion Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforccable according to its terms, Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted i,y paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph '1'7
<br />14. Pdcrices. 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 notice shall be directed to the t .,
<br />Property Address or any other Address Borrower designates by notice to Lender. Any notice to Lender shall Lx :,given b;
<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 Secarity I rmt ument shall be deemed to hart, be <•a given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />.5. Governing Law; Severability. This Security Instrument shall b: governed by federal law and the law of the
<br />jurisdiction in which :ur Vropert� is located. In the event that any provision or clause of 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 ?leis 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" Phis Security Instr,t,:u
<br />17. Transfer of the Pmperty or a Beneficial Interest in Borrower. If all or any p :art of the Propert, or t-ny
<br />interest in it is sold or transferred (or if : !�caeficial 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 be exercised by Lender if L.ercise 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 small provide a pe *iod
<br />! of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this pktriod, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Br.rrow•er.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as
<br />applicable taw• may specify for reinstatement) before sale of the Property pursuant to any power ofsale 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 Securty Instrument and the Note had :no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses inrurred in enforcing this
<br />' Security Instrument, including, but not limited to, reasonable attorneys' Cca; and (d) takes such action as Lender may
<br />reasonably require tro Issurc 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 />j Borrower, this Security instrument and the obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shalt not apply in the case of acceleration under paragraphs 13 or 17.
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