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$9- 102532 89-- Waq If Leader required mortgage insurance as a condition of making the loan secured by this Security Instrument, Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the insurance terminates in accordance with BorrowePs and Leader's written agreement or applicable law. 11. Inviietion. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender. shall give Borrower notice at the time of or prior to an inspection speciWil reasonable cause for the inspection. 9 Coodmastloa. The proceeds of any award or claim for damages. direct or Consequential, in connection with any Condemnation or other tatting of any part of the Property. or for conveyance in lieu of condemnation, are hereby assured and shall be paid to Lender. In the event of a total taking of the Property, the proceeds shall be a died to the sums secured by this Security Instrument, whether or toot their due, with any excess paid to Borrower. In the tent of a partial taking of the Property, unless Bmvwer and Lender otherwise agree in writing, the sums secured by this Security Instrument shalt be reduced by the amount 06 the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately btftre the taring, divided by (b) the fair market %aue of the Property immediately before the taking. Any balance shall be paid to Borrower. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemner offers to retake as award or settle a claim for damages, Bor m er fails to respond to Lender within 30 days after the date the notice is given. Lender is authorized to collect and apply the proceeds, at its option, either to testemaon or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. Valens Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly prt�vments refetn to in paragraphs 1 and 2 or change the amount ot'such payments. 10. Borrower Not Released Farbearutie By Leader Not a Waiver. Extension of the time for payment or modification of amortization of the scams secured by this Security Instrument granted by., Lender 'to any successor in mta=t of Borrower shall not operate to release the liability of the original Borrower or l owers, successors in interest. Lender shall not be required to cotnttnence proceedings against any successor in inte>nestt or retinae to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reasotnefany demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercisitngany right or remedy;{ shall not bee waiver of or preclude the exercise of any right or remedy. 11t. Saece s and Andras Hour* Joigit rani Several Llabllity; C*4Wwm lbe.covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the pvb%isions ofparagraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Nute: (a) is co- signing this Security Instrument only to mn*«°er grant and convey _ - s that Borrower's interest in the Property under the terms of this Security Instrument; (b) is riot personally obligated to pay the sums secured by this Security Instratncnt; and (c) agrees chat Lender and any other Borrower may ague to extend, modify, forbear or make any a- emnistMations with reseed to the ter= of this Security Instruraw or the Note without that Borrowees consent. IL Loan Charges. If the loan secured by this Security instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other 9x�n charges collected or to be collected in connection with the loan exceed the permitted limits. then: (a) any such loan charge shall be reduced by the agnount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be rdbaded to Borrower. Lender may choose to snake : this refund by reducing the principal owed under the Note or by retaking a direct payment to Borrower. If a refund redt:w principal, the reduction.will be treated as a ,partial prepayment without any prepayment charge under the Note. I& Leglelaticia ARatinS Leader's Rlgbts. If enactment or expiration of applicable Laus has the effect of rendering any provision of the Note or this Security Instrument artenforceable according to its terms; :Lender. at its.option, : stray require immediate payment in full of all sums secured by this Security Instrument and tymsy itO'oke any remedies permitted by paragraph 19. If Lender exercises this option, Lender shall takdthe steps specified in the s wond paragraph of =_ paragraph 17.- 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by ` mailing it by first class trail unless ajig4cable law requires use of another method. The notice slrail be dire :ted to the ; Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be'giwih by first Class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender whits given as provided in this paragraph. 13. Coveradaa Law; Severabi ty. This Security Instrument shall be governed by federal law and the It% of the jurisdiction in which the Property is lbeated In the event that any provision or clause of this Seccriij;'Instrumetrt 'or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security ImsIIrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security:lnstrument and the Nos are declared to be severable. 14 Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property or a BeseHelal Intetrat WRorrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is W d or transferred and Borrower is not a natural person) without Lender's prior written consent. Lender may. at its opticm ze4uire immediate payment in full of all sums secured by this Security Instrument. However. this option shall not be ixercisod by Lender if excrcxse is prohibited by federal law M of the date of this Security Instrument. If 1�der exercises this option, Lender shall give Borrciw r notice of acceleration. The notice shall providCa• period of not le"'thrA 30 days from the date the notice is delivered orimz!Ud within which Borrower must pay all sums secured by : tog $ecutftystrument .!f Borrower fails to pay ruse sums prior to the expiration of this period, l acuder may invoke any -remedies pemvitted by thisSecurity instrument without further notice or deatAnd on Borrower. 18. SWrower's Rlgltt to Reinstate. If Borrower meets certain cotditions, Borrower shall have the right to have enforcememof this Security Instrument discontinued at any time prior to the earlier of- (a) S days (or such other period as L. applicable law may specify for reinstat=tal.) before sale of the Property pursuant to any power of sale contained to this Security Instrument; or (b) entry of a judpient enforcing this Security instrument. Those conditions are that Borrower. (a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration h' occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including. but not limited to, reasonable attorneys' fees, and (d) take% such action a% lender may r' reasonably require to assure that the lien of this Security Instrument, Lender's rights in the Property and lir►rrower'% Obligation to pay the sums secured by this Security Instrument shall continue unchanged Upr +n reinstatement by Borrower, this Security instrument and the nbligations secured hereby shall remain fully effective a% if no acceleration had incurred. However. this tight to reinstate shall not apply in the case of acceleration under paragraphs 1 t or 17