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<br />if Lender required mortgage insurance as a condition of making the loan secured b this Security ns t,
<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 orapplicable law.
<br />fl. Iaspee(ittiit. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrowe:rriotice at the time ofor prior roan inspection specifying reasonable cause: for the inspection.
<br />9• Catnarttlon. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemmtioin or other taking of any part of the Property, or for conveyance in lieu; of condemnation, are hereby
<br />assigned and shill be paid to Lender.
<br />In the event of a total taking of the Pmpestv:.41m proceeds shall be applied to the sums secured by this Security
<br />Instrum hrr ent;'whet or not then due,'.with any' e1n;;11- d to Borrower. In the event of a partial taking of the Property_
<br />unless Borrower and Lender otherwise-44w in wir3in�r,` the sums secured by this Security Instrument shall be teduoed by
<br />the amount of the proceeds multipiiadi by the (a) the total amount of the sums secured imm eftic z:
<br />before the ukini, divided by (b) the fair markef vahiccia('tire Property immediately before the taking. Any balance s`i D be
<br />paid to !do*raarer.
<br />Uthe Property isabandoned by Borrowm.ix"�.I .4ternotice by Lender to Borrower that the condemnor offers to
<br />tmake an award or settle a claim for damages, Boric '�O fn s eo respond to Lender within 30 days after the date if= notice is
<br />given, Lender is authorized to collect and apply the p�a at its option, either to restorau on or repair of the Pse�yerty or
<br />to the sutrs secured by.this Security Instrument, not then due.
<br />Ualess Lender iand Borrower otherwise agree in iEriting, 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 chanW the amount ofsuch payments.
<br />110. Borrower Not Rebated; Forbearance By Lender Not a Waiver. Extensiar. of the time or payment or
<br />tmodificatidnkof amortitationn of the sums secured by this Security Instrument granted! by Fender to any sucmwr in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrowers successors in ;interest.
<br />;:ender stA.l not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />.1:ayment or ftherwise modify amortization of the siaras secured by this Security Instrument by reason crafty demand made
<br />f�,,i the original Borrower or Borrower's successors in interest. Any forbearance by Lender fn exercising any right or remedy
<br />wall not beawaiverof orpretclude the exerciseofany right or remedy.
<br />11..Socessors sad Assigns Bound; Joint and Several Liability; Co- signers. Tine covenants and Zrp&ffinents of
<br />r?�s Secw: ?y l(nstrumertshall bind and benefit the successors and assigns of Lender and Borrower, subject to rhr. prtivisions
<br />.'if �izmgaph 17. Borroii�tr "s covenants and agreements shall be joint and several. Any Borrower who ce -signs this Security
<br />tuli mint but does nbt execute the Note: (a) is ca- signing this Security Instrument onCy to moriga�, grant and convey.
<br />that Borrower's interest in the PrW ray under the terms of this Security Instrument; (b) is not personally obligaterl to pay
<br />the sums secured by this Security Iris[irrument; and (c) agrees that Lender and any other &7.Tower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms of this Security G sirument or the Note without
<br />t'.Cratt Borrower's consent;
<br />12, Loan Cliiiruw. If Ote loan secured by this Security Instrument is subject to a law which eats maximum loan
<br />it':atges, and that law is fnally interpreted so that the interest or other loan charges collected er ,3 be ceYected in
<br />connection with the loan t*xed ehe permitted limits, then: (a) any such loan charge shall be reduced 7 t 111:e ". ount
<br />necessary tc+ roduce the chtag.; to th•: permitted limit; and (b) any sums already collected from Borrower -o'_-,:1h ;;.ceded
<br />p*:nitted 1- its will be r&,nd,xE to Borrower. Laid'er may choose to make this refund by reducing the. fii tcipal owed
<br />rr -1 per the Note or by rr:akirt adirect payment to Mp rower. If a refund reduces principal, the reductica. ;v;l'1 be treated as a
<br />p.r:ial prepayment without a�iy.p;epayimnt char'gr ssr r the blot(:.
<br />15. lAgislatioe Afl{eetitg Leaflet's Rights, If enactment or expiration of applicable laws has tine drect of
<br />rendermg ^y provision of tbrNolte or elriis Secun %. Dr:.z ,•ument unenforceable according to its terms, Lender, at its option,
<br />r i`,. require immediate payment in full of all secured by this Security Instrument and may invoke any remedies
<br />pmr::tted by paragraph 194( Under exercises th i top don, Lender shall take the steps specified in the so and paragraph of
<br />pms;graph 17.
<br />14. Notices. Any notice to Borrower pr6v.Vsj for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mail Ln ss applicable law sluices use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower u'r &nates by notice to Lender. Any notice to Len(; m shall be given by
<br />finLl class mail to Lender's add, ess stated herein or ,. ny other address Lender designates by notice to f3 mower. Any notice
<br />provided for in this Security ihstrt:mt:nt shall be deemed to have been given to Borrower or Lender e41' -n given as provided
<br />in !his paragraph.
<br />15. Governing Uw; Sevt-turri�Ay. T;)-*s Security Instrument shall be governed: by rAeral law and the la:ii of the
<br />.)unsdiction in which the Propeirtyia locate: In tt-r: event that any provision or clause of this Security Instrument or the
<br />Nine conflicts with applicable law, such cor.�t t Ofall' not affect other provisions of this Security Instrument or the Note
<br />whi•.h can be given effect without the clorflictilig pmiision. To this end the provisions of this Secuta} Instrument and the
<br />NO' to are declared to be severable.
<br />16. Borrower's Copy. Borrowersh3ll be given one conformed copy of the Note and of this Security f natrisment.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part (if the Property or any
<br />interest in it is sold or transferred (or ilia beneficial interest in Borrower is sold or transferred and Bcr ; -,;-cr is not a natural
<br />person) without Lender's prior written consent. Lender may, at its option, require: immediate paym< =ft_ to full of all sums
<br />secured by this Security Instruirisro. trfrawever, this option shall not be exercised by Lender if exercise is prohibited by
<br />federal taw as of the date of this Se(mvtity, Spstrument.
<br />If Lender exercises this opt itsm Lender shall give Borrower notice of acceleration. 'the notice shall provide a period
<br />of not less than 30 days from the date t& notice is dean Bred or mailed within which Borrower roust pav all sums secured by
<br />this Security Instrument. If Borrower fa :619 to pays thasc sums prior to the expiration of this period. Lender may invoke any
<br />remedia.:s permitted by this5ecurity Instrument without further notice or demand on Borrower.
<br />18. Bnrrowerlo flight to Reinstate: If POrrower meets certain ccinditiou,. 13vrtower %hail have the right its have
<br />enforcement of thic Security instrumtmr d:scont!nued at any tittle prior to the earlier of (a) 5 days (or such other perinsi as
<br />applicable law may specify for ramta4trnefirp before sale of the Property pursuant to any poser of sale contained ill this
<br />Security instrument, or (b) entry cS& ridgmenr enforcing this Security Instrument Those conditions. are that Borrower.
<br />(a) pays Lender all turns which them wi3Cld be due under this Security instrument and the Note had iio acceleration
<br />rncurred. (b) cure; any default of am), r[i!er co.enant% or agreement~, (c) pay,; all expenws, incurred in unfi,rtmk this
<br />Security Instrurew. including• but rick t: ^::fed In, reasonable atititrtev,' fees, and (d) take% %uch action ati i ender r ;lay
<br />reasotfably require to assure that the fifer; rif rhri Security (ntiltument, I elttler"- rights m the Pr„ lien% and Il4,ttouer•%
<br />r{hl:gatim) to pay the Sutra iccured by ih,-i Secutrtt 1ntiUauiu'iii tih.dl c(;r:tuMc utit:haogcd t "iwar icrriNt:atrinent ht'
<br />1141rrirwer. iii;. Sec WHY fitntrument and shall rerna{:{ Fully (;ffC_titc .ar ft n[y,a. t It t,iiftm ti.rd
<br />t.;,urn(t Nl.ctietea. this sight. tnreriaetati �h.t;'lnr.t!:a; pAa Ill !he Cake u3': {:_..•f;ru.;;,,. ,.,;.►; . i•,u.:�i.,ph= : '•..t 1'
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