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<br /> � If�nder�caluired mortgsgt insuirance as a candition of matcing the Iwn secured by this Sa�axity Instmm�ent, � •,.
<br /> # Bo�za�ver sha11 pay thr premiums requirad to maanuutain!he insuraace in effect until such time as the roqviremeat for the
<br /> • ; insurance tesminates ia accordance rvith Borro�re�s and Lendes's v�rittea agseemrnt or applicable law. . ` .
<br /> , ; 3. .L�q�tio�. Leader or iis ageai insy�alce ressoaable artries upm�and inspeetions of the Pnc�perty.Lender. . � . .. ' .
<br /> --.� �-:�.. � sHall aivr Borro�ver natiee at thetime of or priar to an inspoction specdyi�8 rasonable cause for the inspection. ` , ` �
<br /> :_,�:,::;.�:' 1 Ca�iea�tlo�i. The pruceeds ofany a�vud or claim_fordamages��iroct arconser}ue{ntial:incont�ti�-tYish -- —.- ----;:-_=--==— _-
<br /> - :-..� , :atty eqndemnatloh or ot2ier talcing qf any p�rt of the Pto�erty, or for conveyance in tieu of coademnation,are herebY ' � - -
<br /> ``._� , . �tssi�ned at�d shall be p�id to I.ender. .
<br /> • ,.'_�� In the evrnt of a=nta!taking of the Property,the proceeds shall be applied to the sums secuted by this Security
<br /> � , , Instrumar�,wbether nr qot thrn due,with any excess paid to Bonower.In the event of a partial tatdng of the Property, � , ;
<br /> .j wilas Borrs�wer and Lrnder othererise agra in writing.tl�e sums securcfl by this S�urity Instniment shal!�rtduced by ,
<br /> ; � tbe'unaui�of the procceds muliiplied by the following fractionc(a)the tatal amount of the sums secural irnmcdaatetp � �.
<br /> , ' # , 'lxfo t tBhe��g:divide�6y(b)the fair marlcet vaiue of the Property immediatdy 6efore the taking.Aay balauce shall be . '
<br /> .. ..�� _ . _ . .-
<br /> If the Property is abandon�by Borrower,or if.after notice by Lender to Borr�;wer that the oondemnor offers to -
<br /> „ �� make an a�ard ur settie a claim for da�sages,Borrower fails to respond to Lendet withi�3�days after the date the notice is �
<br /> � j , given,Lender is anthoriaed to colloct and apply the proceods.st its option,eifher to restoration or repair of the Property or
<br /> t � to the sums secured by thas Security Irrstrument,whether or not then du� ,.
<br /> .�. ; � Unless Lender and Bonower otherwise agree ir�writing,any apptiration of proceeds to principal shall not extend or
<br /> � � ; postpone the due date o�the monthly.payments referrad to in pa�^agaphs t and Z or change the arnount of such payraents.
<br /> 10 Barrower Not Retes:ed; Forbarasce By Lendpr Not a Wairer. Extension of the time for payment or .
<br /> � modificatic�sa of amoniaat�on of the sums secured by this Security Instrument granted by Lender ta any successor in �
<br /> interest of Borrower shall not operate to release tlre liability of the original Bonower ot Borrower's succes�tlrs in interes�
<br /> Lender shall not be required to co�limrnce proceedings against ar►y successor in interest or refuse ta extend time for �
<br />• i payment or otherwisr modify amortization di the sums secured by this Security tnstrument by reasan of any demaad made
<br /> by the origicai Borrower or Borrower's seeeessors in interest.Any forbearance by Lende�in exercising any.righi or remedy � �
<br /> :�f shall not be a waiver of or preclude th;exercise of any right or remcdy. ' '
<br /> Il. �accessors snd Aaeigns�onnd;Joiat and S�everal L'ubility;Casi�ers: The covenants and agreements of '��
<br /> this Stxurity Instrument shall bind and benefit the successors and assigns of Lenderand Borrower,subject to the pravisians
<br /> � of paragraph 17.Borrower's covtnanu and ugre.emrnts shatl be joint s�nd severai.Any Borrower who co-signs this Security f ,. ,:
<br /> � Instrument Qsui daes noi eaecute the Note:(a)is co-signing this Security Instrument only to mortgage,gtant and convey
<br /> . . � , that Borrower's interest in the Property under the terms of this Security Instrument;(b)is not persanalty obligatad to pay - _
<br /> { the sums secured by this Security Instrument;and(c?agrees that Lender and any other Hc�rr�wer may agree ta eatertd. �
<br /> � modify,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without ��
<br />. � that Bomawer's eonsent. '
<br /> � 12. Lof�n iCi�arge�. IP the Ioan secured by this Security Instrument is subject to a taw which sets maxirr�um loan � �
<br /> � . charges. and that taw is firially interpreted so Ihat'the interest ar other loan charge�c colleeted or to be co9tected in '.
<br /> connection with the loan excced the permitted limits,then: (a) any such loan charge shall tie redaced hy the amount �
<br /> ', necessary ta reduce ihe charge to the permitted timit;artd(b)any sumc alr�;ady cnllected from Rorrow�r whicb exceeded
<br /> � pem�itted iimits wiA be refunded to Borrower. l.ender may choc�se to n:ak�thiti refund hy reduring the principal awed
<br /> r under thc Nate or by making a direct payment to&�trower.If a refund reduces principal,thc redurtion will be treated as a •
<br /> _ i partia!prepayment without any prepayment charge under thc�ore. ,
<br /> . � . , f 13. Legistation AReetin� Lender•s Righfs. IP eaactment or expiratic►n af applicable laws has_the effect af
<br /> � rendering any provision of the Note ot this Security Instrument unenfarceahle according tn its terms.l_cnder.at it�s��pti�n, '
<br /> � may require immediate payment in ful)of all sums tiecured by thiti Security Imtrument �►nd may�nvnke any remedies ,
<br /> permitted by paragraph 19.if Lender eaercises this oplion.l.ender shall take the steps s,ecified in the second par;:�raph ot ;�,�
<br /> ` paragraph 17. ; ,
<br /> ' . 1�. Nottces. Any notice to Borrower provided fpr in tht�Secunty Instrument shall be givtn by deliver�ng it��r Ay �
<br /> . � mailing+t by first class mail unless applieable law reyuires use r�f aeother method. The notice tihall be directed to the
<br /> Property Address ur any other address Bortower dcsignates by notice to[,ender.Any ant�ce ur Lender shal!be given by
<br /> R first ctass mail to Lender's address stated herein or any other address Le�rder dr.:ignates by nvtice to Iiorruwrr.Any nntire �
<br /> ; providcd for in this Security Irtstrument shall bedeemed to havc becn givcn to Borrower or 1,enAer when given ati prov�ded�"�"�"--� -�-�-�-�""� � �� �-
<br /> � in this paragraph.
<br /> ' � l5. Covereiag I.��r;Sevenbiltty. This 5ecurity Insltument shaU bc gocrrncd hy fcderai I,iw and thc law af thc
<br /> � jurisdiction in which the Property is located.ln the event that any provistnn or clautic uf�h��Security Inrtrumcnt or the
<br /> ' Note conflicts with bpplicable I�w.such conllicl StwU nut afiect other prnvisions oP thi�5ecunty in�irument or the Nc�te
<br /> ' which can be given effect without the conflictipg pravisi�n. To Ihis end the prov�sions��f thi`Security Insirumcnt and the
<br /> . ` . Note nre derlared to be sevcrable. � �
<br /> . 16. Barro�tr's Capy. Horrower 4ha11 be gtvrn utcr runf�rmrd c��py of thc Note and�,f th��Securuy )nti�r�ment.
<br /> . I7. Tnn9ter ot the Pruperty ot a Iicneficial leterest i� I3orrower. tf all ��r .,u� par� uP thc Pru�xrty en any
<br /> interest in it is sald or transFerred(or if a brnef+cial�nterest in f3arrower is sold�r tran�ferred nnd Hc�srriue�is nnt�s naturaf
<br /> per�on)withoat l.ender s�rior written consrnt.L.ender may.at�ts uptieu�.rcywte imcized�te�yment in Pull of�II«�m�
<br /> secured by this Security insltumcnt. Hawever.this U�tion rhall n��t be rxe�r�5rd bk Lcndcr �t exerr�sc i�rrnh�bucci hy �-=-
<br /> federal law as of the date af this 5ecurny Instrument. , •
<br /> - . - lf lender eaerc�thi4 n�,ticut�I.krtt�et s�2�I�ve�raa�e.�ss�ts�e�f'�•:.. lsii:�:s-"F!k:s:�sss<�ts�:I!�s<s::�ic a i.ct��R3 � '
<br /> ut��u�iessthnn 3Udaysfram�he dAtethenotice isdeiivcred ut ma�te�i«�thin Hh�ch Hc+rr�tiucr mu.i pay all rur�n~rcureci by '
<br /> tgis Securify tnstrument. If Borrower P;�ils to p:�y thc:;c sums pnur a�the exp�rau�m��f'�hiti prrnTal,f rn�ter rnay mvnke any �
<br /> . • remedYes permitted by�h�s 5ccu'r�ty instrument e��thnut further nnt��e urde�t�arr�I or►Fi��rn�wer .�
<br /> . 18.RurmR�er'�Rip,ltt tu Reit�.ct�te. If Uarrawer meetti c�ctni��cc>>�J�t�ni�ti,Na+rr��ucr�fiall havc the•r,ght in h�ee �
<br /> enforeement c�f this 5ecur�ty tnstrument discvnt�uucd�t any t�me prwr a�the c•.ir lirr��f tv►S�l��y�Ic�r titj�'rf e�ther penrxi a;
<br /> � appltcable laet may si►eeify ft+r'temstatemcnl)tsefurr�le uf the Praperry �unuant t��c�n} �++�wcr��t-,�dc�nnt,imed u, t}ur'
<br /> Sceut�fy Insfrumenh,or(h)ewr}c�f a Judgrnent enfotcing thi,Sctiur�ty In�truiticnl 1 in�vc t��rd'Etu�rtr are tFtat H��rre�wrr `:
<br /> (a)pays Lendct ;�li yulti� ��h'ieh thcn �•out�h��tue unctet' thts ��ut�t� lritilr��►sc�,t.1a�€t tl�s: `��*.t�.fisc.# u4� ac::rtr:�se:t:j� ' ��
<br /> , vcCUrtesl: (t>)tutcw any defastlt c+f arir other e��'cwias�lv��r agree.mcnt�. t.t pe}y aif c*.����ii.��. �u�urac� in cretnr�u�i: thiw �
<br />, , SBCll�llf IIISE�U(11�/IS. I![i:�1lt�lflg. but r�ut hmrtc�l tu, rcc+«yr�able att"r»c�5' fcc�. �er,t1 t��i 1,��ct �!i:h .�:lir}!, ��. (l"i14�iF f71J� . -"4
<br /> . rc:isunably.rryu�re tu:►cyur.r.that thc 1�en ��f th�s ticc�m} !r»uar��r��s. �t'ttE�Cf�� fk�Illti ;;T {�G:� j't�•��cttS ,�1i�. E�a�f(��ttc'(�t " " '
<br /> abl�gatrem ti. pa} the �un�s s4cuted hy th�� 5eeun�y In+trume�st �}wlt .��utirsue u���i�a«E:c�t 1 ��m seici.t,,t���niut ��:
<br /> fiorrower.lh�,Secunty liti}trunieni a�id thc obi�gaun�y��ecurc•.i hereh} �haU rcinau�fufl} ct1r���ac��ii uc•a«elrr�tiE,u ha�l
<br /> excutreti NE�uc��c•r,th�s rt�;ht tu.remitaic s��ll hc�t appl}try tl�e�:��c:��i ii!iUCIalII!}Sl LLIlE�4'1 ,�.►i.:�:�,e�,1�ti i i E�e 1'
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