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1 89---103044 j- if leader required mlrvYtpge inaurartce as a annditiat esi' making the loan secured by this Security Instrument. 11 Borrow" shs11 pay the pntni+utew nquirsd to maintain the insutxnce in effect until such time as the requirement for the insurance terminates in accordance with Borrower's usd Lender's written agreement or applicable law. I. In"wetlaa. Leader or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower Notice at the time altar prior to an inspection specifying reasonable cause for the inspection. 9. COndsundeL The pi --d- of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any part of the Propeny, ar. for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the event of s total taking of the Property, the proceeds shall be applied to the sums secured by this Security IraMnneats whether ear not then du. with any excess paid to Borrower. In the event of a partial taking of the Property, unkala Borrower and Leader otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the Fr+ooeeds rpyltiplied by the following fraction: (a) the total amount of the sums secured immediately before the taking. divided by (b) the fair market value 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 condemnor offers to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given. Leader is authorized to collect and apply the proceeds, at its option. either to restoration or repair of the Property or to the sterns secured by this Security Instrument, whetheror not then due. Unless Larder and Burrower otherwise agree in. writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 10 Bortowar Not Raisaaath Forkeraam By LaWer Not a Waiver. Extensions of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shalt eta operate to release the liability of the original Borrower or Borrower's successors in interest. Leader shall rant be MOW ".tor commence proaediv4p against any successor in interest or refuse to extend time for Payment ear otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the orighud Bpcaower or Bwrower's suca"mrs in interest. Any forbearance by Lender in exercising any right or remedy shall not be tusk& ofor preclude theeaemise of any right or remedy. 11. Startiasasm any; AsaWm Baas* Jeteiat =d Several lAs Wit), C"ipwen. The covenants and agreements of this Security. Instrument shall; bind and benefit the successors and assigns of Lender Borrower. F and subject to the provisions of paragraph 17. Borrower's ceivenuts and agreements shall be joint and several. Any Borrower who co-signs, this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage. grant and convey that Borr_owee$,'interest in the Prooaty_ under rhr j�,icw`,iuir wiiaaied to pay - the sums secari:4'by this Security instrument; and (c) agrees that Lender and any other Borrower may agree to extend. • modify. forbear or makiesay accommodations with regard to the terms of this Security Instrument of ties Note without aeon Borrower's consent. - 12. Lars CbwpL If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges.: and than law is finally interpreted so that the interest cc other loam charges collected or to be cedlected in con nectiean• with the loan exceed. the' permitted limits, then: (a) any such loan charge shall be reduced by the amount neckssai7 to reduce the chugs to the permitted limit; aced (b) any sums already collected from Borrower which exceeded perrnititied limits wiU be ref to Borroweer. Lender may choose to make this refund by reducing the pri:dcipal owed under the Note or by making a direct paytrcM17- CdButrower. If a refund reduces principal, the reduction wiH be treated as a Partial prepsyment.without any prepayment charge under the Note. 13. Meeting Leader's Rights. If enactment or expiration of applicable laws has the effect of rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Lender; its.opcion, at may require immediate payment in full of all sums screamed by this Security instrument and may invoke any rules permitted by paragraph 19: Ut,ender exercises this option; Lender shall take the steps specified in the second paragraphs a '°- paragraph 17. • . 14. Nodtes. Any notice to Borrower provided fbriq ttir"sSecurity Instrument shallbe given by delivering it or by mailing it by first class mail unless applicable law regm&es use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by fAt class nail 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 when given as in this paragraph, provided 15. G*ertsirtg law; Severelrility. This Security Instrument shall be governed by federal fact and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security li arument or the t�o(tt;conrflicts with applicable law. such conflict shaeTi.ox affect other psovisiqui.esf this Seoiuritj:. IrsErreszaemt or the Note '" Whiiah can be given eflFea without the conflicting provisi an. To this end the prdvisions of this Sects earl! Titr.mril r t and - Note are declared to be severable. the 16. Borsawa's Cepy Borrower shall be gi%exc qne conformed copy of the Note and of this Stmtrity Instrument. :. 17. Taaafa of the Property or a Benefleid:):a ' est is Borrower. .1f all or any part of the Property or any intt ls," in it is sold or transferred (or if a beneficial until: in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written cattsenr.. Dallier may. at its option, require immediate payment in full of all sums secured by this Security Instrument. However;'diitioption shaU root be exercised by Lender if exercise is prohibited by federal law a of the date of this Security Instrument: - - If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period Of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower tails to pay these sums prior to the expiration of this period. Lender may invoke any remedies permitted by this Secuuriiy instrument without further notice demand or on Borrower. 19. Rerrs+ar's Right to Reinstate. If Borrower mats certain conditions. Borrower shall have the right to have enfor_errrent of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument: or (b) entry of a judgment 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 occurred; (b) cures any default of any other covenants or agreements, (c) pays all expense% incurred in enforcing this 5etiunty lnxrrtanttnt, e*►clts tstg, but not l :rotted tor. reswrMable attorneys' fees, and (d) takes such action as Lender may r reasonably require to assure that the lien of this Sexunty Instrument. Lender's rights in the Property and Borrower s nbl►gahon to pay the sums secured by this Security Instrument shall continue unchanged t'pnn by reinstatement fiorroeter, this Security Instrument and the obligations secured hereby shall remaun fully effective as of no acceletat!mm tiad rc.ulrred I#Owever. this fight toreenuaieehall not apply to the case Of acceleration under paraglaphs 1; tat 17