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r L Is- 9----10.3 UrLI, If Linder required motgage insurance as a condition of nuking the loan secured by this red n'iy Borrower shall pay the pranium required to maintain- the ituuance in tftt until stach time as the requirement Cov the invAnutoe tenniames in accordance with Borrower's and Lender's written agreement or applicable lax. •. lesdatllm Gunder or its agent may make reasonable entries upon and inspections of the Property. Gender diell live 11M.Own notice M the time of or prior to an inspection specifying reasonable cause for the inspection. !. Camilsttanden. The proceeds of any award of claim for damages, direct or eonaequential. in connection with any condemnation or other takiag of any part of the Property. or for conveyance in lieu of eondemnstioe, are hereby as kpW and shall be paid to Gender. In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security lastrutmeat. whether or act then due, with any exom paid to Borrower. in the event of a partial taking of the Property, ualeas Dw rower and leader otherwise agroe in writing. the suer secured by this Security Instrument than be reduced by the arrow of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately paid the divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offen to make as award or settle a claim for damages. Borrower faits to respond to tender within 30 days after the date the notice is given. Gender is authorized to cvlfw and apply, the proceeds. at its option. either to restoration or repair of the Property or to the sums secured by this Security. Instrument. whether or not then due Unless Lender acid Borrower otherwise agree in writing. any application of proceeds to principal shall not extend or postpone the due date of the nwetblx, payments referred to in paragraphs i and 2 or change the amount of such payments. 10. Dotrrowe No Releaser; F*bearance By Leader Not a Waiver. Extension of the time for. payment or modification of amortization of the sumps secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to ukase the liability of the original Borrower or Borrower's successors in interest Lender shall not be required to connmence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sutras secured by this Security Instrument by reasotr of any demand made by the oriigirW Borrower or Borrower's successors in interest. Any forbearance by Lewder is exemisieng any right: or'remedy shall not be a waive odor preclude the exercise of any right or remedy. 11. Seccemarr, sad Assigns Bair¢ JWM anti Several LWWityr, Co-signers. 711 a wwwants and agreements of this Security hnstrun►eett shaRbind and benefit the successors and assigns of Lender and subject to the provisions of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any 8i mr wer who cosigns this Security instrument but does not execute the Note: (a) is co-signing this Security Instrument,c*.aly to mortgage. grant; and convey that Borrower's intetxst :in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the stuns secured by thiA Securi ty Instrument- and tee aorrec that I war and any nth" Anrrs nnrx mew ate o..t -- -) -�--- - -- - --- --- --- --+ -t'--- --�- --- ----� -sue t-- n wet modify. forbear or mAt any accommodatioin with regard to the terms of this Security Instrutttent.or the Note without that Borrower's consent. 12. Loan LbwpL If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permu:t,tr 1, limit; and (b) any sums already collected from Borrower which exceeded permitted limits will: ba refunded to Borrow. corder may choose to make this refund by reducing the principal owed under the Note or by snaking a odtmd payment; to Mrrower. If a refund reduces priac-ipsal. the reduction will lie treated as is partial prepayment without any prepayment change under the Note. 13. Legitla Aw Aftetles- LeNet's 1 iN. If'errao:tine it dons expiration of applicable laws has the effect of rendering any provismar, of the Noe or this Secauact y Instrument umenfitttmble according to its terms. Lender, at its option. may require immedate payment in full of aide; wins secured by this Security Instrument: and may invoke any remedies permitted by paragnto 19. If Lender exercises this option. Lender shall take the steps specified in the second paragraph of paragmph,1.7... t1k ; Notices,. • Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it:by first: cLaaa mail unless applicabe laiw requires use of another method. The notice shall be directed to the Property Addreas. or, any other address Borra wcr designates by notice to lender. Any notice to Lender shall be given by first cim mail 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 Borrgw= or Lender when given as provided in this paragraph. 13. Cheri t law. Semali itl '€bane Security instrument sdia t.be governed by federal law and the law of the jurisdietioa in which the Property is locstc&1n. the event that any provism or clause of this S+amrity instrument or the Note conflicts with applicable law, such conldiet sball not affect other prmvisions of this Security Cnstrument or the Note which can be Riven c1ect without the conddiciing promion. To d us end -rhz provisiatm afthis Security Instr numt,and the Note are declared to be sovaabk. lip. saerawtr'a Cagy. Borrower shall be given one connformed.ck*y of the Note and of this Security instrument. 17. Traasfitir of the PoeMety or a Beadkial Istaest is Borrelir . If all or any panne of the Property or any interest is it is solid or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option. require immediate payment in full of all sums secured by this Security Instrummi. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security instrument. If Fender exercises this option. Under shall give Borrower notice of acceleration The notice shall provide a period of am L --, "Ma fraia AMC- daie ibe notwe is delivered or mailed within which Borrower must is pay all sums secured by An Security Imtrumeot. If Borrower foals to pay these sutras prior to the expiration of this period. Lender may invoice any randier permitted by this Security Instrument without further notice or demand on Borrower. 1IL dwrww'a IU*t is Rahome. If Borrower meets certain conditions. Borrower shall have the right to have tAf ircement of this Security Instrument discontinued at any time prior to the earlier of (a) S days (or such other period as applicable law may specify far reuutatemerit) before sale of the Property pursuant to any power of sale contained in this Security instrument, or (b) entry of a judgment enforcing this Secunt) Instrument Those conditions are that Borrower (a) pays Lender all sums which then would be due under this Security Instrument and the Ncie had no acceleration n"urred9. (h) cures any default of any other covenants or agreements. (c) pays all expenses incurred in enforcing ibis Security Instrummni, incbidina. but not limited to, reasonable attormy,�' fees. and (d) ukes suLh arttmi as d ender may r�I!!i"nskty r- u m !o 31 see- a ihs! the lrm ef ft-- = mnnt- InvrL'ment, Iznd;r's nght% m tihc t'rt :p'.'rej ..nd Morm-arr s obldtati n to pity The suns secured by this %county Ittsttutrient shall continue unchanged t irtin teitmatement by Borrower. this Security Instrument stied the otMigatitin, Wr:urfd hereby;Ball remain fully rAck ti►r N.s If t10 aL4,r1rratt%,it had "U'Urred Miartirt. thin right to retnuate shall ncit apply in the wee r:f ac.: clerattini und" patagFarhs 11 ter 17 1