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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 Borrowei s and Lender's written agreement or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection"
<br />9. Condemnation. The proceeds of any award or claim for damages, director 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 total taking of the Property, the proceeds shall 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 stuns secured by this Security Instrument shall be reduced by
<br />the zmnunt of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />bef -,,m -Ae taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid ,o borrower.
<br />If the P "—petty is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor cfurg w
<br />make ?n awl orsettle a claim for damages, Borrower fails to respond to lender within 30 days after the date the nonce is
<br />give-4, L—e -de -.,�- ,authorized to collect and apply the prvveeds, at its option, either to restoration or repair of the Property or
<br />to the sums sec=ured by this Security Instrument, whe`,:',t".< ar not then due.
<br />Unless Lender and Borrower othem! eagree is venting, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments refe~:rv�d ro in pam lis 1 and 2 or change the amount of such 'paymr vts.
<br />10. -Borrower Not Released; Fotrbe$aan2v .3 v=ender NC! a. Waiver. Extension of the time for payimri ak
<br />modification of amortization of the sums secured lag• :bis Secq *ti Thstrumenr, granted by Lender to any successor in.
<br />interest of Borrower shall not operate to release the %as"llity of the n-ginal Sarw,R-er or Borrowers successors in inter`e,;i_'
<br />Lender shall not be required to commence proceedings against 8;:y- success :)r in interest or refuse to extend time -ir
<br />payment or otherwise modify amortization of the sums secured by rgis Security Instrument by reason of any demand mawde:.
<br />by the original Borrower or Borrowers successors in interest. Any forbearance by Lender in exercising any right or rem.dyi
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument shall hind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17" Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and
<br />that Borrower's interest in the Property under the terms of this Sm-! rity Instrument; (b) Knot personally obligated pro #2!
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and zny other Borrower may agree to ex✓� :d,
<br />modify, forbear or make any accommodations with regard to the terms oft ;is Security Instrument or the Note witTaoJut
<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'. an
<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 cha+zw to make this refund by, reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a rdluad reduces principal, tr-: reduction will be treat vd zs a
<br />partial prepayment without any prepayment charge under the Note
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the e5-t:2 of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms, lender, at its etuion,
<br />may require immediate payment in full of all sums secured by this Securin Imstrument and may invoke any re ,.w :ies
<br />permitted by paragraph 19. If Lender exercises this option, Lender, I At: !lx ,;tops spr;: jl,,d in the second paragrz.r:ir -'of
<br />paragraph 17.
<br />14. Notices. 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
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall he given by
<br />first class mail to Lender's address stated herein or any other addte!,•, Lender designates by notice to Borrower. An, aniice
<br />provided for in this Security Instrument shall be deemed to have hta;a given to Borrower or Lender when g; :•n i•-'s%Aed
<br />in this paragraph.
<br />15- Governing Law; Sevetability. "Phis Security Instrument shall he governed by federal law aud 1!ie' law of the
<br />jurisdiction in which the Property is located. In the event that any provision nr clause of this Security Instrument or the
<br />Note conflicts with applicable law, such cm4flict shall not affect other provis,crms of this S- au.rity Instrument or the Note
<br />which can be given effect without the arrs(iit.ting provision. To this end the provisions of thlh Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of.,-he Note and of this Security instrument.
<br />17. Transfer of the Property or a Beneflcial Interest in Borrower, if all or 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 Horrower is not a natural
<br />person) without Lenders 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 i.ender if exercise is prohibited by
<br />federal law ac of the date of this Security Instrument.
<br />If Lender exercises this option. Lender shall give Borrower notes: of acceleration. The notice shall provide is period
<br />of not less than 30 days from the date the notice is delivered or mailed w•ithtn which Bornmer must pay ail minus secured by
<br />this Security Instrument. If Borrower fails lu pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions. Burrower shall have the nLhn to h:at-
<br />enforcement r,fthss Security instrument discontinued at any time prior to the earner of: (a) 5 tails for such other li -rn,rf .1%
<br />applicable law may specify for reinstatement) before bale of the Property pursuant to any power of sate contained to this
<br />Security Instrument, or (h► entry of it judgment enforcing this Security Instrument ihose condition. arc that Borrower
<br />(a) pays Lender all bums which then would he due under this Security Imtrumettr and the %(ttc had oo ,rs rc•)cratte,n
<br />occurred. (h) cures any default of any other covenants or agreements: (c) pays ail c%p.tises mcotted to cvdorcusg flit,
<br />Sccurtly instrunrtnt. induding. hill not limited to• reasonable attorncy� fees: and (di takes ouch action as 1 wider m,ry
<br />reasonably require tit assure that the hen of this Security Instrunscnl. 1 enders richt% of tlty lot, qu-rtg and linrrower's
<br />oblwaiii -ir to t,,ry ifs; s„tn, s,%x tired try flits ~county Instrument sfi,of .:,rrtntic torch ittgeJ t poll ren►•.Gst, anion iw
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