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°1a4887' <br />- _ -_ . _ -. <br />- _ _. _ _ — _ .z_-- � . '- i�t/tttiaitlgg -ft -WU si•.ei.med by -this �. hssC p1lN�YR. <br />I OtiQNrer � IaIL lay lift• pdiil�►rR�terTed to maintain the insurance in efts until SUCK time a3 the requirement for the <br />itttsuratice Menilinlita itw 'iht BotTbwer's and I.endeeswritten *eement br appliciblee lair: <br />!. It ilictisa. raider or iii agent may make reasonable entries upon and inspections of the Freperty. Lender <br />..*a liveI ; orcoweraraticestthe ticotoforptriortoaninspecdonspecifying. reasortttbic causefortheinspection. <br />, <br />!. /t emoo im T¢e proceeds of any-award or claim for damages, disc or consequential, in connection with <br />Cira <br />any condemnaiion.or other taking of any part of the Property, or for conveyaw in lieu of condemnation, are berths <br />ossViied add shad be paid to Leader. <br />_ <br />In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security.' <br />Lastrum ent. whether or not then dice,` with any execs paid to Borrower: In the event of a partial taltartg of.the Property. - <br />_- <br />unina.8orrow irr and Linden otherwise agree in writing, the sutras secured by this Security instrument shall be reduced by <br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately <br />tiers the takitq divided-by (b) oho fair matket value of the Property immediately before the taking. Any balance shall be <br />_ � <br />pajdloBono�rer. <br />.If the Property is abandoned by Borrower, or if, after notice by Leader to Borrower that the condemnor offers to <br />_ - -- : - - - <br />make m award at settle claim for dam tm Bowe wff -Wls to to L ender_ wii -30 days after the date the notice is - <br />_- — - - <br />',given, Lender. its authoriized'to collect and apply the proceeds, at its option, either to restoration or repair of the Property or, <br />i <br />to the sum& 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 shall not extend or <br />+ <br />postpone the due date of the monthly payments referred to in paraglrapbs I and 2 or change the amount of such payments. <br />• i <br />it Bw one Not Memo* ForbearsUe By Lender Not a Waiver. Extension of the time for payment or <br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in <br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. <br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for <br />payment or otherwise modify amortization of the sums secured by this Security instrument by reason of any demand made <br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy <br />shall not be a waiver of or preclude the exercise of any right or remedy. <br />11. Sumeaaors aunt Asdps Botts* Joint that Several LIdAlity; tCo•alpers, The covenants and agreements of <br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions <br />' <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 convey <br />that Borrower's 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 Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, <br />- <br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without <br />that Borrower's consent. <br />12. Lam Cbarps. If the loan secured by this Security instrument is subject to a law which sets maximum loan <br />. <br />charges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected in <br />— <br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount <br />' <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.. Iesislatioa Affecting Lea ke's Rights. If enactment or expiration of applicable laws has the effect of <br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender, at its.option, <br />may require immediate payment in full of all sums secured by this Security instrument and may invoke any remedies <br />permitted by paragraph 19, If Lender exercises this option, bender shall take the steps specified in the second paragraph of <br />. <br />paragraph 17. <br />14. Notices. Any notice taBorrower prodded for in this Security Instrument shall be given by delivering it or by <br />` <br />j <br />mailing it by first class mail unless applicable taw 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 be given by <br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice <br />provided for in this Security instrument shall he deemed to have been given to Borrower or Lender when given as provided <br />in this paragraph. <br />15. Govend" Uw; Severahility. This Security Instrument shall be governed by federal taw and the taw of the <br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument er the <br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note <br />which can be given effect without the conflicting provision. To this end the provisions of this Security instrument and the <br />Nate ire declared to be severable. <br />' <br />16 Borrowers Copy. Borrower shall be given one conformed eory of the :Vote and of this Security Instrument <br />17. Tnasfer of the Property ore Beneficial Interest in Horrowtr. If till or any pert of the Property or any <br />interest in it is sold or transferred (or if a beneficial interest in lorrower is sold or rrat!sferrcd and Borrower is not a natural <br />person) without Lender's prior written consent. Lender may, at its option. require irttmediate payment in full of all Burns <br />secured by this Security instrument. However. this oprnon shall not be exercised by Lender if cxerose is prohibited by <br />federal liwasofthedateofthisSecurity Instrument_ <br />If Lender exercises this option. Lender shall give 13urrci%•cr notice cif acceleratton The native shall provide a period <br />(if not less than 30 days from the date the notice is delivered or stalled within which Borrower must pay 411 sums secured by <br />.._._ _ _. <br />tltiS�Jl'6'Ltrtt�r Lmirurrrrtt�. li l7Vritlih'ei f21117 €tfiiJ] €l-eC'iCStliit7 nifyi lea sliC�c t ",IT <br />remedies permined by this Security instrument n ithaut further native ur demand on Pur rc rwo. <br />19. Borrower's Right to Reinstate. If Borrower meets certain conditions, li:uniwer shall hase the right to have <br />enforcement of this Security Instruniegt discoutinned at any time prior to the earlier of (,iy g drys to: suds other prrtad a'. <br />applicable law may specify for reinstatement) before sate of tine Propcity E+ursuunt tiv any ;lower of sale 4:Onlatned m fhi, <br />Sccunly itistrutocnt; of (b? citify- of a judgment enforong this Security Instrument chow conditions are that Borrower <br />tf'� <br />(a) pays Lender Ill sums which then would be due udder this Smunty Instrunieitt ,In;l the %ote hart no a�celcrattc�n <br />�# . <br />crcturred (6) cures any default of any other cootettants ur agreements. (c) pay,i all eaptme% )n;�urred in enforcing this <br />StNufi €y instrument. including, but not lmitte:i to.- reasonable 8ttorncy4 tcc-�: and aLtion as [ender rasp <br />reasonably require to assure that the lien (if chic Sccurlty instruirlent. I ender 4. riFltti tit the Property A, J Iforrowe:'"c <br />.� <br />obligattfl)t to pay the sums. secured by tills Security Irt -,lruinciti .tmll tetitii'- -tile wio.hangt:d U1,4 F rem tat_'nJ nt `1V <br />r• <br />ttotrower:thts Sec. urtlytns tiument and the cbliga: ionsseeurcdheret* y�hstlrcir dirt tu ?:�e!trctt;e.s.t4ne =<i.,ci r.�it otraxl <br />incurred Ilf.wevet. tills fight toteinvtatc shall 11"t apill} ui the ",1.L <Tf,i;tti_r,dt 7io t; r �,ir,1 .r,tpYi. i t{ r l' <br />