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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 law.
<br />R. 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 toan inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of any pact 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 takftW-of the Property-, -the proceed, shall -bc applied t+= 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 the 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 Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the rnfi.e is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Pro:remy 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 shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payment-,
<br />10. Borrower Ni ct Released; Forbearance By Lender Not a Waiver. Extension of the time for payment o.
<br />modification of amortization of the sums secured by this Security Instrt >z:nt granted by Lender to any successor in
<br />iz7.:.rest of Borrower shall not operate %% release the liability of the original Borrower or Borrowers successors in interest.
<br />1/. -nder shad rot be required to co .mrrence proceedings agai:st: any successor in interest or refuse to extend time for
<br />paym -ent orotherwise medic' amorti. anzn of the sons secured by this Security Instrument by reason of any demand mad:
<br />by the original Borroweror Borrower's successors in =erest. Any forbeararce'oy Lender in exercising any right or rerredy
<br />shall not be a waiver of or preclude the exercise of any right or remedy. -
<br />11. Successors and Assigns Horrid; Joint and Several Liability; Co-signers. 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 />of paragraph 17. Borrower's covenants and agreements shall be joint and severab Any Borrower who co-signs this Security
<br />E strument but does not e*vav,,te the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />tbw Borrower's interestiviL dov Property under the terms of this Security Instrument; (b) is not personally obligated 20 pay
<br />tN sums secured by this Security Instrument; and (c) agrees thAt Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard :a :r terms of this Security instrument or the Note without
<br />tta!'� Borrov< .r's consent..
<br />12. Loan Charges. If the lean secured by this Security instrument is subject to a law which sets maximum loan
<br />charges, and that law is E, z ?,y i•;•- e- ,preted 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 t!^-2 permitted limit; and (b) any sums already collected friMkIlorrower which exceeded
<br />permitted limits will be re u:.ded to Borrower. Lender may choose to make this refund by reducing tl�,: principal owed
<br />under the Note or by makm.g a.4.1irect payment to Borrower. If a refund reduces principal, the reduction..- *_Cl be treated as a
<br />partial prepayment withcue e—.y p: ,payment charge under the Note.
<br />13. Legislation Affeet}rr 1Le' +3ees Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note c,: this Security instrument unenforceable according to its terms, Lender, at i':s 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 1St Ef Lender exercises thi.:sc-j;tion. Lender shall take the,stcps specified in the second paragraph of
<br />paragraph 17.
<br />14, Notices. Anw to &3:rower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class r a . unless zgrlicable law requires use of another method. T' ie notice shall be directed to the
<br />Property Address or an_. cl, %cr address Borrower designates by notice to Lerdv- '+4+r :h-)tice to Lender shall be given by
<br />' rst class mail to Lender. - ;.!dress stated herein or any other address Lender by notice to Borrower. Any notice
<br />provided for in this Secu car Instrument shall be c� .erred to have been given c G:•7r6wer or Lender given as provided
<br />in this paragraph.
<br />15. Ga-lerd.li g Paw; Severability. This Security Instrument shall be governed b:. federal --a.ri and the law of the
<br />jurisdiction in w?'ach the Property is located. in the event that any provision or clause of this Security. Instrument or the
<br />Note conflicts with appli,:al+i: law, such conflict shall not affect other prvisions of this Security I 15tsu-,nent or the Note
<br />which can be given effect icizhout the conflicting provision. To this end the provisions of this Secun ry. instrument and the
<br />;dote 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 orally 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 shall not he exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If Lender :xercises thts option, Lender shall give Borrower notice of acceleration. The u.otice sli ill provide a period
<br />of not less than 30days from thedate the notice is delivered or matted within which Borrower most pay all sum, secured by
<br />this Security instrument. If Borrower fails to 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 utt Horrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions. Borrower shall have Cite neht to have
<br />enforcement of this Jecuriry lnstrunicnt discontinued at anytime prior to the earlier of. (a) 5 days (or such rother period as
<br />applicable law may spe_ify for remmaternent) before sale of the Property pursuant to any power of sale contained tit this
<br />Security Instrument: or (b) entry of a judgntcut enforcing this Security instrument 7 hose conditions are that Borrower:
<br />(a) pays Lender all stems which then would be due under this Security lnstrument and the '.Vote had no acceleration
<br />occurred: (b) cures any default of any other cotenants or agreernents. (c) pap. all expenses incurred in enforcm4 this
<br />Security Inctruinent. including, but not limited tut reasonable attornc%% fees and (d r takes such acitEou as i endrt nt,ty
<br />reaumably require to asrur.: tfiat the lien of this Sectinty Instrunicut. F.knJet's rights in the Prorerry and ilorromcr's
<br />nhligatrs,n to pav the amts ,ecorcd ti: Alts Sc,:urit: Iristrortirot shalt +.neurone• unchattlued t pop rrtusfat+•nient 11
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