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<br />Sg- 12MYTAkent, If Lender required mortgage insurance as a condition of making the loan setcurod by this
<br />Dor PAX M Iit;mI required to maintain the insurance in effect until such time as the requirement for the
<br />ins *Arms at— ...... ftce with Borrower's and Lender's written agreement or applicable law.
<br />iiaalMOtioi....} das.or#ila agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall Dive ifiiifriower noticeat thetti0ofor prior loan inspection specifying reasonable cause for the inspection.
<br />9. Condemnation, The proceeds of any award or claim for damagm direct or 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 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 aJMadoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a cfarrrr, for damages. Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to (MIPece and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by thnxSecunty instrument, whether or not then due.
<br />Unless Lender and lllkrrrmwer 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 payments..
<br />10. Borrower Not Released,- Forbearance By Leader Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the scams secured by this Secu nii} Instrument granted by Lender to any suivessor in
<br />interest of Borrower shall not operate to release the liability of the origieunl Borrower or Borrowers successors in interest.
<br />Lender shall not be required to commence pro",oings against any successor in interest or refkm to extend time for
<br />payment or otherwise modify amortization of thesums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrowees successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude ahee_xercise of any right or remedy.
<br />11. Successors atad Assigns i$ound; Joint and Several Liability:, CIv signers. The covenants and agreements of
<br />this Security instrument shall bind and benefit the successors and assigns orfuender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agre %units shall be joint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) ii co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest its the Prmerty.under the terms of thisaecurity Instrument; (b) is not personally obli�pccdtto pay
<br />the sums secured by this Secunty Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<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 />is. i wn CgafW. It the Zia pm secured by this Security Instrument is subject to a law which sets max iaMum loan
<br />charges, and that law is finally inteirlpreted so that the interest or other loan charges collected car ro he c4glivied in
<br />connection with the loan exceed the permitted limits, then: (a) any such -loan charge shall be redruatsl by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums aUintady collected from Baaroxacr which exceeded
<br />permitted limits will toe refunded to Borrower. Lender may civose to make this refund by reducrag the principal owed
<br />under the Note or by making a direct payment to Borrower. If a ccfund reduces principal. the reduction will be kmted as a
<br />partial prepayment without any prepayment charge under the K` )Te.
<br />13. Legislstion Affecting Lender's Rights. if cna %'xment or expiration of applicable laws has the effect of
<br />rendering any provisiurn at-the Note or this Security Instrument unenforceable according to its terfR*. Lender, at its option,
<br />may require immediate payment in full of all sums secured 4y.. this Security Instrument and may invoke any remedies
<br />permitted by paragraph '19. If Lender exercises this option, Leader shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for thhis Securfgi•Instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable Varw,:.requires aise'of anad1v_- .method. The notice sli:ial -I be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Leitcfer 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 be deemed to hacs!.Acen given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />1S. Governing Law; Severability. This Security Instr�ment shalt be governed by federal law and the law of the
<br />jurisdiction in which the Property is located. let the -event that any provision or clause of this Security instrument or the
<br />Note conflicts with applicable law. such conflict 0=11 not affw -other provisions of this Security biasirument or the Note
<br />which can be given effect without the conflicting par isien_ Mi. this end the provisions.af tiles Security Instrument and the
<br />Note are decl'•ared to be severable.
<br />Ib. Borrower's Copy. Borrower shall lhi •jfiven one conformed copy of the Note and of tlittx 5ccurity instrument.
<br />17. Transfer of the Property or a BeittMal Interest in Borrower. If all or any port r3f` the Property or any
<br />interest in it is sold or frapsferred (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 eke Security Instrurnein."Rowever. this option shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the dateiif this Securiiy Instrument.
<br />1 f Lender exei`t;� this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />cif not less Chap 30 days from the date the notice is delivered or mailed within which Borrower must pay : 1.1:K(2hs secured by
<br />I his Security. instrument. If Borrower fails to pay these surds prior to the expiration rf this period, Lender tn' ,y' • iii *yoke any
<br />remedies pt�- rmitled by this Secunty Instrument without further notice or demand on borrower.
<br />18. •borrower's Right to Reinstate. rf Borrower meets certain conditions. Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of (a) 5 days (or such other period a!:. '
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument, or (b1 entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower.
<br />(a1 pays Lender all sums which there• would he due under this Seeunty instrument and the Note had no acceleration
<br />incurred; (b) cures any default of any other covenants or agreements, (c) pays all expenses incurred in enforcing this
<br />Security Instrument, including, but not limited to, reasonable attorneys' fees, and (d) takes such action as lender may
<br />reasonably require to assure that the lien of this Sccurny Instrument, Lender's rights in the Property and Borrower's
<br />vet +lignUeu, to ply file Sums secured by this Security instrument %hall ccinttnue unchanged tlptin reinstatement by
<br />Witrower, thisSecurrty instrument and the ohbgauori4 aecicrsd hereby %hall remain fully cffr� flee n +,f ua0:1cceieraiion h:id
<br />—.+ oriel ilnuever. this right to reinstate Old If ofd , apply in Thee akc of at -Clelailnt, III Orr par.tgla ph'. d; "u I'
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