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<br />If -Lender rquired mortgage.in:u-a + es as a condition of making the loan secured by this Sectttity Instrument,
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<br />insurance termfei in accordance with Borrower s and Lender's written agreement cr applicable law -
<br />9 itt 6c". Leader or its agent [nay 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 Ctredleiuttatiio>•. The proceeds of any award or claim for damages, direct or consa pential, in connection with
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<br />any condemnation or other taking of any part of the Property, or for conveyance, in lieu. of condemnation, are hereby
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<br />assigned and shall be paid to Lender.
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<br />In the event of a total taking of the Property, the proceeds shalt 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 Leader 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 Propertyls abandoned, by Borrower. or if, after notice by Lender to Borrower that the oondemnor offers to
<br />makeati award or settle a claim for damages, Borrower fails to respond to Lender within j0 days after the date the notice is
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<br />given, Leader is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or .
<br />to the sums secured by this Security Instrument, whether or not then due.
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<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
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<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
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<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or "
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<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
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<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest:
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<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modi fy-amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borroweessuccessors 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. Succesms tend Assigns Bound; Joint and Several Liability; Co-signers, The covenants and agreements of
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<br />this Security Instrument shall bind and benefit (Ire successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Rorrower'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
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<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
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<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. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
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<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
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<br />permitted limits will be. refunded to Borrower. Lender may choose to make this refund by reducing. the principal owed
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<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. legislation Affecting Lender'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,
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<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. Lender shall take the steps specified in the second paragraph 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
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<br />it by first class mail unless applicable law requires use of another method. The notice shall be directed to the
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<br />mailing
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to lender shall be given by
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<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 have been given to Borrower or tender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Sevembility. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or 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
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<br />Note 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 BeneflciW 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 ill Borrower is sold or transferred and Borrower is not anal Ural
<br />persop) without Lender's prior written consent, lender may, at its option, rcyuire anrnediaic payment to full of all sums
<br />secured by this Security instrument" However. this option shall not be exercised by I•enderif exercise i% pwitiNted by
<br />federal law asof thedate (if thi,.Security Instrument
<br />If Lender exercises this option. Lender shall give Borrower nottce'ofacceleration The notice %hall provide a period
<br />of not hms than 30 .. r ,i.,. &-.Z .h ticc i; dchvere: or mad.J :al::•• which H •rov;c. r m!i,,. ". - ..Il �;r,hs s�•�,r,�} by
<br />this Security irMfumelit. if fiormw•ei films to p Tltetie e s prior 11•! 10C
<br />remedies permitted by this Security lnstrunicut without further notice or dertrand on Horrower.
<br />18. Borrower's [tight to Reinstate. if Horrim er meets certain conditioris. Horrotvcr shalt hate the right to hase
<br />enforcement of this Security itistruntent discont,nucd at any tinie prior to the earlier of. tat c dal s for such other prnod as
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<br />applicable law may specify for reinstatement) before sale of the f ropert% pursuant to am Power of "ale Collidincd in this
<br />Security Instrument: or (b) entry of a judgment enforcing this Secur,t} limmmcnt Tit( are that iiorrom cr
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<br />(a) pa): Lender all sums which then would he due under thn Seitirity Instrument ;dud the Note had taco ac, cleratwo
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<br />occutt d: (b) ernes any default of any Other COW11entq OF d1:fCC111Cnt1,, (c) pat'. all Citrm."C4 Imurrcd iu Cliforc -:118 this
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<br />Security lfistfu[ne6t. indudtng. but not limited uo% rejclirantc atturnq c' fees, and rd takes si:eh actum ;is t r:rctet rra "
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<br />. • s t lien o tti . Secuntsi lmtrunncnt. I ender', nzhts Ir; the t't"� uric at,d H=erourr:
<br />rrasonabt} rcyuire is assure that the 1 e f t _ t~
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<br />obligation to pa) the sums secured by this %fcority iwatiu,lcm shill torsi riuc 1piclh's-"M t'p:u. Erin'.tatc•rrlent in
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<br />Rwrower. thisSeeuttl% lfmtuineiit "and the "e�t+lrgattoirs 'ct%:u *ref Priebe s!i,iil tcri,iul till', efre�il�i .e. it rid 1._..fei,cti ,ii i;,i�f
<br />aecuried 1Not:ecer, thi. right to reinstate shall not ap p l} in she t,ase Vi 1L,;dVTJl11':•1 MAO h,trJgrahll' 1 i 44 1 `
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