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r 7 <br />9o.. 105385 <br />rl <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 />8. Isapnetton. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender <br />WWI give Norrower notice at the time of or prior loan inspection specifying reasonable cause far the inspection. <br />! <br />9. Coadawtutka. The pirece,eds of any award or claim for damages, direct or consequential. in connection with <br />aasy cardexaaation or other taken of any part of the Pr <br />eft operty, or for conveyance in lieu of condemnation. arc hereby <br />gird aludl � <br />maigned plaid to Fender. <br />In the event of a total taking of the Property, the proceeds shall be applied to the sums sugared 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 IA",kv otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by <br />( +' <br />the amount of the pmcmb multiplied by the following fraction: (a) the total amount of the sums secured immediately <br />Wore the taking. divided by (b) the fair market value of the Property immediately before $be taking. Any balassce shall be <br />paid to Borrower. <br />If the Property its abandoned by Borrower• or if. after notice by Lender to Borrower that the ksoodemnor o fen to <br />rifle an award or settle a ; Wm for damages. Borrower fails to respond to Lender within V days after the date the notice is <br />dpren. Lender is authott ilx4 to collect and apply the proceeds, at its option, either to restoration or repair of the P'ropmy or <br />to the sums secured by tlyti Security Instrument, whether or not then due. <br />Unkaca Lender sadl.18orrower otherwise agree in writing. any applitattion of proceeds to principal shall not ea;j s-A or <br />postpone the due date cO't 1,u monthly payments referred to in paragi aphs I and 2 or change the amm ar-. 4 such payments. <br />It Borrower NW! Rakmij Fwboaraace By Lender Not a Waiver. Extension of the ¢env for payment or <br />nut dilication of amortimaq,tutt of the sums secured by this Security Instrument granted by Lender to any successor in <br />interest of Borrower shall not operate to release The liability of the original Borrower or Wrrower's succetosors in interest. <br />Lender shall not be required to commence proceedings against any successor in inters- +t or ref4w to extend time for <br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason ,.VaLny demand made <br />f <br />by Abe original Borrower or Borrower's successor in interest Any forbearance by Lender to exercisin a ans, tight or remedy <br />stt;W not be a waiver of or preclude the exercise of any right or remedy. <br />•'' <br />11. Seceatssom &W Asalgw Bosses/; Joint and Several Llabillty; Co- slgtten, The ctwenanm and agreements of <br />_ <br />this Security Instrument shall bind and benefit the succormus, and assigns of I.ertder and Bft►rrpwer, %ulwo to the provrntons <br />of paragraph 17. BorrovttePs covenants and agreements shall bejomt and several. Any Borrower who c o - -aQm this Security <br />tea <br />Instrument but does pink tt aacute the Note: (a) is co-signing this Security In %ligament only to mortgage. grant and convey <br />that Borrower's interebr aq, ripe Property under the terms of this Security Instrument; (h) l4 n(t <br />� Y y perstltlally obligated to pay <br />!' <br />the sums secured by this Security Instrument; and (c) agrees that lender and any other A)rrower may agree to extend, <br />modify. forbear or make any aucornnio iations with regard its the terms of this Security Instrument or the Note without <br />that Borrower's consent. <br />F;.. <br />I& Loan CUa ve. If the loan secured by Ihit, Security Instrument is subject Its a law which se,,% maximum loan <br />charges, and that law i% finally interpreted so that the interest or other loan charges collected i1v ;, N collected in <br />connection with the ban exceed the permitted limits, then: (a) any such loan charge %hall be reduced by the 4nveou+4t <br />nmcmq to redact The charge to the permitted limit; and (b) any sums already collected from Borrower which +aazrrattrd <br />permitted Iseaus will be refunded to Borrower. Lender may choose to make they refund by reducing the prinefpw' , wrc d <br />under the Noteor by.maLaj a direct payment to Bormmer. If a refund reduces principal, the reduction will be treated as ai <br />Partial prepaymant 1"r,L'a-144111y prelwymat charge under the Note. <br />13. 1-111atiow Atltlltogu ag Laatisa s+ Arta. If enactment or expiration of applicable laws has the (alert of <br />rendering ecru provision ofthe Note gtr►.'.us Security Instrument unenforceable according it, rt% terms, Lender, at its opluffl. <br />may require immediate payment in full of all sums secured by this Security Inorumew and may invoke any remedies <br />permitted by paragraph 19, If Fender etuercup this option. Lender "I take the steps spwnfieti In the w misrsd paragraph of <br />1vaM#faph 17. <br />Id. Nodeea. Any notux to Borrower provided tow to this Wuni) Instrument %hail he given E*v t:aebventog Al or by <br />a <br />mailing d by first claw mail unless appltcabk law require% use of another method the notice Aill he the <br />Properly A44ress or any other address Borrower demolnutm by noose to Lender Any notice it) Lenderr shall f>` Slien by <br />i' <br />tint class mail to Lcn( .-r's address stated herein or any tither address I.eatkr designates by not we v4 Ili- vnwver. Any notice <br />--- <br />r �Y <br />provided for in this Seaut-v ., Inwruaaent shall be deemed to have been green to fitorrnwer art Letukr when given as provided <br />in this paragraph, <br />,'Gbveraltag Law: Sev"'abllity, bills SKUrlly In %Irt meat %hall be jim crnnt S-, iWeral law and the law of the <br />jurisdicei, +. which The Pr%tperty is located. In the event that any pnsvtsaxl or clau%r tw chi% Snunly In +trument or the <br />'Xcue coftkt is with applicable law, such conflict shall not affect tither pro tiwor% of tht% Securlt) 1Rwrament or the Note <br />wh;wh can be given eRec t attbout the conflicling provlslun. to this end the pr(s%owm% ttf Ihn SAurst) Latrument and the <br />t <br />Nate are declared to be stevrrable <br />lie 9arrowW6 V4PY- fitlrn%wtrr shall be gs%en tare - trlfrtnnext tt+p) of the Nate anti if tht%!s urtty In,trarmeno <br />�, <br />1 ?, ii;raasfsr d t1e Prr t>r ec a Bttaeflciat lataaw h Betrra,arp. If all t-► any peon of the Property ,> r Any <br />t <br />onion, tinzt ii-wid grornm erred for if a bendkim interest In Btttrower t% Mold or ItAtidferre+d And litsrnw►er r. nttt a natural <br />person) without Lentiim's prier wntten %%onw al. lender may, at is ophtm, require rmrrtedrate payntrnr to full of all %um% <br />%eeurW b} this Security Instrument However. this toosmin %lull not be exercised by Ixnder of tserct%e t% prolsrMted by <br />federal law assof the date of this Securty Instrument <br />If herder exercises this option. l ender shall govt Bevrower no it we of ar.elerM it, m The n +dice %hall prt•.rde a penod <br />_ <br />of not less than .10 days from the date the notice w delvercd in rt►atled w tthuo is ht. It Wrrnwcr m" pug a oll •um% wr%ured by <br />thus Secunty Instrument If Bowrower fails to pay fhese %um% prntr ht the ttplrAnttn tit flit% prist+d. 1 endter rrsav rn %tike any <br />rtmedies permitted by ibis Security lnstruateaf W&IIIowl Nrthtr nt►tl.e tw tletnand two Kimmel <br />18, DWmwar`s lftM to keiaatnt. If llornmer meets teriatn tamilluttm. Narrower %hall hn%c the right it, h:a%t <br />enforcement of this Swuniy Instrtwrnelrt discontinued at any time prow to the earht► td' (a) 3 days for %tKh,other Mi d ear% <br />applicable law may sjpWdy fist reav"Ict"ent) befirre vle off the Prttpert) punwnt to any power of %ale ct►ttatned sit thl% <br />Security Instrumm, ttr Yb) entry tofa judgment enfiorong thl% Se%urtt> In%Irl,rrlent 1 hone v,$u1111i'm are c hat liutrowtr <br />fa) pays Lender all sumit winch then would he due under IN% tievunly Instrument and the Note had nn atcelerauttn <br />occurred; (b) cures any default of any ther covenant% or Agreement %, It I pays all e%jwnw% ntcurted n, enlort onto ohm <br />A <br />Scnuniy Instrument, including, but nett Itmtled W. reauottshk allorrtcy%' Irv% and till lake% %nth adhttn .a% I rndrl rroa) <br />reakonahly res(utre to a %%ure that the Ikrt of IN% !se.uttt) Imlrurtttni. 1 ender'% tilthr% of the Pr,tprrt% and Ii,,rrt,Mrr'% <br />(Msgalton too pay the rum% secured b) this 5cc-urll) In%trunlent %hall tt+nttnuc undhangrtl t lam retowaternent M <br />ussrmtwet, Illn%munt) In%lrumrnt and 'fie tthltgauon%%mured hereh) %hall rrntatn lull% rflt%tt%r A% it not at%elerAtwit had <br />toccurre d however, this nght to reot%tafe %hall not ajopl) to the. a%c ttf aa.elrrat,rn under I- Ar.tatr AId,% I I ,'f I • <br />I <br />