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<br />$9"" 103133
<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 />t3, Inspectios. 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 to an inspection speciWng reasonable cause for the inspection.
<br />9. CoNka nation. The proceeds of any award or claim for damages, 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 abandoned by Borrower, or if, after notice by Lender to Borrower that -the. condemnor oft to
<br />make an award or settle a claim for damage, Borrower fails to respond to Lender within 30 days afdei the date •the nbiice is
<br />give Lender is authorized to collect and.apply the proceeds, at its option, either to restoration•or repair ofthe Property or
<br />j: tot>!te sums aectntcd by this Sonority Instrument, whether 16r not then due.
<br />f UnIfss Lender and B.isrower otheMse agree its writing, any application of proceeds to principal shall not extend or
<br />postpone the due #ate of the monthly payments referred to in paragraphs 1 and 2 or change the amotint of such payments;
<br />10. Borrrower Not Relaw d; Forhearant a By Leader Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall net operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proce6dipp against any successor in interest or refuse to extend time for.
<br />payment or otherwise modify amortizatiam cif the stuns secured by this Security Instrument big Mason of any demand made
<br />by the original Bortbwer or Borrower's succemrs in inteaest: Any forbearance by bender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any rigttt or rely.
<br />11. Successors and Assigns Bound; Joint and Several Lifablllty; Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and ti,*gns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower'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
<br />..__ the some cecurHt.hy t�itc Cam. urst,- laatru .c.,t; and (c) age„= 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 />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
<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
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<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,
<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 specifted in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided forin this Security Instrument shall be given by de6cring it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice. to Lender. Any notice to Lender shall be givers 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 have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. 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
<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 Beneficial 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 in Borrower is sold or transferred and Borrower is not a natur&
<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 rust be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If Lender.exercises this option, Lender shall give Borrower rwt ice of acceleration. The notice shall provide a peria
<br />Of 114 less thart 36days from the date the notice is delivered or mailed within which Borrower must pay all sums secure4 h;
<br />ft5t, . surity Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />:re M: t: s permitted by this Security Instrument without further notice or demand on Borrower.
<br />18. Borrower's Right to Reinstate. if 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 as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of %ale contained in this
<br />Security Instrument. or (b) entry of a judgment enforcing this Security Instrument Those conditions are that Borrower.
<br />(a) pays Lender all sums which then would he dite under this, Security Instrument and the Note had no acceleration
<br />occurred. (h) cure,- any default of any other covenants, or agreemet►ts, (cl pays all expen%es incurred to enforcing tht%
<br />Security In%trunient. including. but not limned to. reasonablc attorneys,' fees, and (d) takes, such aouln its Lcndet ma%
<br />reasonably require ter avtiure that the hen 4 this Security Instrument. Lender'% tight-, tit the Vrr +per;% and Il,+rr„%scr'.
<br />ubhgatnrn to pay the burn, %cvurrd by this Security Instrument %hull camttnue etnih:utµrrt ('l."n rrtnstatc•ntent h%
<br />Hrrrrnacr, this Sccurdy imirurnent and the uhhguturtrs %ecured hereby shall remain tulh ctli v h.c <,. it n„ u. rlr r.ru.,n had
<br />cc urrrrl Hnti.c•ver. tht% right to rcrnstaic shall not apply rn ►Fie c.tu • +I c ,, cic'rat m) tinier paragraph% t t ,.t i -
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