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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 taw.
<br />S. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the timoof or prior to an inspection specifying reasonable cause for the inspection.
<br />4. Condemnation. The pi»ra«ds 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 in lieu of condemnation, are hereby
<br />assigned and shall be paid. to Lender.
<br />In the event of a r.olmal. t taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instntment, whether or tvoT2 ';s dim. arith any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrowe- ".- 1=der,*r aaaree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount o . tba p uceer. §srya tir�Ii� D by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taEr`< ;;i ides b i�?.i) the fair market value of the Property immediately before the taking. An.k balance shall be
<br />paid to Borrc Ae
<br />If the li w� rty is abandoned b�j Borrower, or if, after notice by Lender to Borro*e r that the onidemnor offers to
<br />make an awardor settle a claim for davr ;es, Borrower fails to respond to Lender within Mdays after the date the notice is
<br />given. Lender is authorized to collect a -m , 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 not then due.
<br />Unless Lender and Borrower otherwise agm.-T- writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments need to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearan6ii 'By Lender Not a Waiver. Extension of the time for p4pne tt or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any su;r"--sor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrowers successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refus: ta, evend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reasen ufa,4 iftmaad made
<br />by the original, Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any'righl. cr- remedy
<br />shall not be a wi liver of or preclude the exercise of any right or remedy.
<br />11. I-Sa=essors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and ag'r'W=Cnts of
<br />this Security Instrument'4t ill bind and benefit the successors and assigns of Ler.der and Borrower, subjt :.t to the provisions
<br />afparagraph 17. Borro%i s covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
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<br />instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and cimvey
<br />that Borrowers interest in the Property under the terms of this Security Instrument. (b) is not personally obligated. to pay
<br />the sums secured by this Security Instniment. and (e) agrees that Lender and any other Borrower mal, agree to extend.
<br />modify, forbear or make any accommodations wah regard to 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 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 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 alras.dy collected from Borrower which exceeded
<br />r*rmitted limits will be rt:fun-ded to Borrower. LcuAcr may choose to real (-. this refund by reducing the principal owed
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<br />a`nder the Note or by making a direct payment to Borrower. If a refund reduces principal: the reduction will be trewe-d as a
<br />partial prepayment without any prepayment charge under the Not°.
<br />13. Li gislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the (4i .t of
<br />rmndering any provision of the Note or this Secunr 're•istrument unenforceable according to its terms. Lender. at its option.
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<br />riiaj� require immediate payment in full of all ,unvi secured by this Security Instrument and may invoke any remedies
<br />peri titted by paragraph 19. If Lender exercises this option. Lender shall take the steps spezified in the second paragraph of
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<br />14. Notices. Any notice to Borrower provided for in this Security Instrument st :nil he given by delivering it or by
<br />nrxt! :ng it by first class mail unless applicable law- requires use of another method. The notice shall be directed to the
<br />Vxoperty Address or any other address Borrower iieeignates by notice to U.ri ier. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein oraxi y other address Lender designates by notice to Wrrower. Any notice
<br />provided for is dais Security Instrument shall b4 d erred to ha,,:13esen given to Borrower or Lender when given al.- prui rded
<br />in this paragpiVa.
<br />IS. daoverning Law;Severability. Th-w' od urity 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 provision or clause of this Security Instrument ur the
<br />Noie conflicts with applicable law, such conflict shall not affect other Security instrument or the Note
<br />which can be given effect without the conflicting provision. To tNs.erJ the of this Security instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given fine conformed coP of the Note and of this Security Instrument.
<br />17. Tratnfer of the Property or a Beneficial Interest in Borrower,. [fall or any part of the Property or any
<br />interest in it is solder transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower i4, not a natural
<br />person) without Lenders prior written consent, lender may. at its option, require immediate payment in full of all seems
<br />secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by
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<br />federal law as of the date of this Security Instrument.
<br />if Lender exercises this option, Lender shall give Harrower notice of acceleration. The notice shall pro, ide a period
<br />of not less than 30 days from the date the notice is delivered or marled 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 pertod. Lender ma-v invoke any
<br />remedies permitted by this. Security Instrument without further notice or demand on i ;orrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Horrouer %hall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior tit the earlier of. (a) 5 days (or such oilier period a,.
<br />applicable law nia) specify for reinstatement) before Sale of the Property pursuant to any poser of sale c nitanivt in that
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<br />Security Instrument, or (ti) entry of a judgment enforcing; this Security instrunient. •those conditimi% are thai Hum suet
<br />(a) pays Lender all sums ehtch then would he due under this Set un,% bistrument and the tiutc lead no ar;cieiatlon
<br />(wimrred, (hi cures any default of any other Covenants tit agrcenictits. (c) pays oll t•xpen,cs IMUrred m cnttftt Ifig 1111
<br />h.
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<br />Security Imtn,n till, nrcluding;, but not limited to, reasonable attrirticys• fees. anit iii) lakc, such at -tifol .is t ••.liter Mai,
<br />reasonably reyurrr ti, ensure that the hen of this Sc► urity Instruient, i- oideC, rigi;i. off thy l'titt,cti. aim lioit..acr'•
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<br />titlhitdtiutt 1- vay the shins %rture:d by this Security Instrument shad u.tntitiw- i :tttIt af1gCii I pan rcw• Litiitwill tiv
<br />Vot:a-,;r, rIhi, :Ciii,ij i +- si out neni and die Iterates It .11; itter.tnt i,tiir eifeiItteas. If If, .i,i t'. r.,tlor, lia t
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