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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 Borrowers and Lender's written agreement or applicable law.
<br />11. Inspection. Lender or its agent may make reasonable entries upon and inspections taw' €the. Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for tlt ' pection.
<br />9. Condemnation. The proceeds of any award or claim for damages, director conseg7,a&W, in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu e`.,—.vdemnation. are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shalt 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 tho 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 Propg-ii!,, immediately before the taking_. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notih; , ?*ty Lender to Borrower that the condemnor offers to
<br />make an award a settle a claim for damages. Borrower fails to rie ,gkpA to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its gmion, either to restoratwmc�r repair of the 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 principal sNall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I a_d .Z,,ir change-the amount. 'such payments.
<br />10. Borrower Not Released; Forbearance BS Lender NQt ,a is aExiiI q ; Extension of the time for payment or
<br />modification or tunortization of the sums secured by this Secuzir�.. nstru:: t-1 granted by Lender.to any successor in
<br />interest of Borrimcr shall not operate to release the liability of th Y ti=,gina) Wf`rower or Borrower's successors in interest.
<br />Lender shall 1114t. be required to commence proceedings against any succes -n� in interest or refuse to extend time for
<br />payment or oche rise modify amortization of the sums ye.+cttd by this Security Instrument by reason of any demand made
<br />by the original Hecciower or Borrower's successors in inter'" r. , ry. Forbearance by Lender in exercising any right or remedy
<br />shall not be a wais-ea of or preclude the exercise of any right ns r r s•.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- [signers. The covenants and agreements of
<br />this Security Instrument Shall bind and benefit the successors and assigns of L.el der and Borrower, subject to the provisions
<br />rfpuragraph 17. Borrower =;covenants and agreements i hall be joint and sevi!' .E i..Any Borrower who ca -+4tis this Security
<br />l.nsrmment but does not ere :rate the Note: (a) is co-s Ming this Security Ins t imment only to mortgage, .grant and convey
<br />cttzi Borrower's ;.nteresi its, ti'e Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secarol'by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbett'r'or make ary accommodations with regard to the terms of th s Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument i.iw.:ajcct 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 be collected in
<br />connection with -the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (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. Leloslation 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 ..mr.forceable according to its terms. Lender. at its option,
<br />may require immediate payment in full of all sums secured by ,:l;r; Secur ; j.Instrument and may invoke any remedies
<br />permitted fiy paragraph 19. if Lender exercises this, option, Lender shall tak,: Oic steps specified in the second paragraph of
<br />paragraph IT .
<br />14, Notices. Any notice to Born.F,. er provided for in this Security itslrumcnt shall be given by delivering it or by
<br />mailing it by first class mail unless applir.:., L• a law requires use of another method. The notice shall be directed to the
<br />Propc:ity Address or any other address Narrower d!signates by notice to Lent -:.r. Any notice to Lender shall be given by
<br />fii�l class, mail to lender's address stated herein or ar.I other address Lender � t �aates by notice to Borrower. Any notice
<br />pm) ided for in *his Security Instrument shall be deemed to have been given to &7rrower or Lender when given as provided
<br />In th :sparagnsph.
<br />15. Governing Law; Severatf %rag. T h :,4 Security instrument shall he governed t-, federal law and the law of the
<br />;un'hd- iction in which the Property is lc; it; i,.' In the event that any provision or. clause of tlh ,i Security Instrument or tFc
<br />Nole conflicts with applical -le law, ,ucit con' ict shall not affect other proiiisictin of this; Se <urity instrument or the Note
<br />which can be given effect without the 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 Beneficial Interest in Borrower. if all er 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 shah not he exercised by Lcnder if exercise is prohibited by
<br />federal law at of the date of this Security Instrument.
<br />if lender exercises this option. Lender shall give Borrower notice a ;f acceleration. The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Burrower must pay all sums secured by
<br />this Security instrument. If Borrower fares" t6pay these sums prior it, the expiration of this period. lender ma} invoke any
<br />remedis permitted by this Security Instrument without further nonce or demand on Borrower.
<br />I& Lharotvees Hight to Reinstate. If llc; : :� :e: mecv+ certain c =one: :tumv,. Herr :veer shall l w.c cite right tar lisle
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of. (a) i daysfor %uch other period :►s
<br />applicable law may specify for rennstatement) before sale of the Property pursuant to any liver of .ale contained us, tilts
<br />Securely Instrument. or (h) entry of a judgment enforcing thi" Security Instrument l home condition% are that borrower
<br />la) psys Lender all sum% which then would be due under this Security instrument and the Note had no acceleratton
<br />o;.cn:red. (b) cure~ any default of any other tct!cueut4 or agreements. (Cl pays all c'*.['CII%t [[darted !n rnf..Lucy. If':'
<br />Security Instrument, including. but not limited t�,. reasonable at'orncyti fees. and tdr tekc% <uch action a! 1 ender may
<br />reasonably require a+ a «ure that the lien of t1w. Sccunit Instrument, l.endor'% rrghl" un the 11ropert4 .uti, K11101.1.0 I 1�
<br />obligation to pav the suftiti 4•iurrd by ti -.,i Secunt4 Instrument 01 —.1; 1 P+,t1 fl'1!!�i,lttlnL'!lt f`}
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