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r L 1 jO-105614 If Lender required mortgage Insurance as a condition of making the loan seared by the Security Instrument, Borrower shall pay the prerNurns required to maintain the insurance In affect until such imia as the requirement for the Insurance terminates In accordance with Borrower's and Lenders written agreement or applicable law. 8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shah give Borrower notice N the time of or prior to an Inspection specifying reasonable cause for the Inspedlon. 9. Condemnstlon. The proceeds of any award or claim for damages, direct or consequentW. In connection with any condemns- tlon or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assigned and shag be paid to Lander. In the avant of a total taking of the Property, the proceeds shell be applied to the sums seared by this Security Instrument, whether or not then due, with any excess paid to Borrower. in the event of a partial taking of the Property, unless Borrower and Lander otherwise agree In writing, the sums seared by this Security Instrument shelf be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of sums sowed immediately before the taking, divided by (b) the fair market value of Ow Property Immedately below the taking. My balance shay be paid to Borrower. H the Property is abandoned by Borrower, or ti, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages. Borrower kh to respond to Lender wktdn 30 days after the date the notice is ghran. leader Is authorized to collect and apply the proceeds, at its option, either to restoration or repair of " Pnope ly or to the sums segued by this Security Instrument, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shag not extend or postpone the due cue of the monthly payments referred to in paragraph 1 and 2 or change the amount of such payments. 10. Borrower Not Released; Forebearance By Lender Not a Waiver. Extension cl ;ihe time for payment or modid- Callon of amci thation of the sums secured by this Security Ir.strur.inent granted by Lender to any successor In Interest of Borrower shag not operate to release the liability of the original Borrower or ®cxro ., : is successors In intevese. Lender shag not be mqu!ted to commence proceedings against any successor In Interest or refuse to extend time for payment or otherwise modify amortization of the sums seared by this Security Instrument by reason of any demand made by the original Bor saver or Borrower's successors In interval. Any forbearance by Lander In exercising any right or remedy shall not be a waiver of or preclu& the exercise of any fight or remedy. 11. Successors and Assigns Bound; Joint and Several Usbility; Co-signers. The covenants and agreements of this Security Instrument shall bind and 'benefit the successor and assigns of Lender and Borrower, subject to the provisions of paragraph 17. Borrower's covenants and agreertwrls shag be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) Is co-signing this Securley Pnslrument only to mortgage, grant, and convey that Borrower's interest in the Property under the temps of this Security Instrument: (b) h not personalty obligated to pay the sums secured by IMs Security Instrument: and (e) agrees that Lender and any other Borrower may agree to extend, rrody, forbear or make any accommodations with reprd to terns of tfris Sec 01 Instrument or the Note without that Borrower's consent. 12. Loan Charges. It the loan seared by this Security Instrument is subject to a law which sets maxinwm 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 11mils, then; (a) any such ban charges shag be reduced by the amount necessary to reduce the charge to the permitted Writ; and (b) any awns already collected from Borrower which exceeded permitted Whits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. if a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 13. Legislation Affecting Lender's Rights. If enactment or eq*ation of applicable law has the effect of rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender, at its opt!cn, may require immediate payment In full of all sums secured by this Security Instrument and may ni4o ::a any remedies permilited by paragraph 18. It Len9_r exercises this option, Lender shall take the steps specified in the second paragraph of paragraph 17. 14. Notices. Any notice to Borrower pr(.;;vued for In this Security Instrument shell be given by delivering 11 or by nailing H by first class mail unless applicable law requires use of snciner method. The notice shag be directed to the Property Address or any other address Borrower designates by notice to Leman. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any other address Lender designates by nolice to Borrower. Any notice provided for In this security Instrument shag be deemed to have been given to Borrower or ILenjer when given as provided in this paragraph. 15. Governing Law, Severability. %,s security Instrument shag be governed by lederai w-► i icl the law of the jurisdictcn in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law. such conflict shag not affect aver provisions of this Sown Instrument or the Note which an be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Nola are declared to be severable. 16. Borrower's Copy. Borrower shag be pen one conformed copli -of the Note and of this Security Instrument. 17. Transfer of the Property or a Be; palleial Interest in ®oirower. tl all or any part of the Property or any intere!;1 in it Is sold or t►anafared for 11 a beneficial interest rr+ Borrower ;s 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 fug of al sums secured by this Security Instrument. However, this option shag not be exercised by L,mder if exercise is prohibited tap Weraj iaw as of the date of this Security Instrument. If Lender exercises this option. Lander shag ry.•.v Borrower notice of acceieral,'on. Tyre rnwice shell prcode a period of not less than 30 days from the date the notice is delrvi wed or madea within which the Borrower must pay a,: Bums secured by this Security Instrument If Borrower tells to pay these sums prar to the expiration of this period. Lender may invoke any remedies permitted by this Security Instru- ment without further notice or demand on Borrow.v 18. Borrower's Right to Reinstate. it Borrower meets certain conddans Borrower shag have the right to have enfowAment of this Security Instrument discontinued at any Ire prior to the writer of- (a) S days (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sate contained in this Security Instrument. or (b) entry of a judgment enforcing this Security Instrument. Those conditions ere that Borrower (a) pays Lender ail sums which then would be due under this Security Instrument and the Note had no acceleration occurred. (b) cures any default of any other covenant or agreements. (c) pays d expenses roared in enforcing this Security Instrument, including. but not limited to, roasonable attorneys' lees; and (d) takes such action as Lander may reasonably require to assure that the hen of this Security Instrument. Lender's rights in the Property and Borrower's obhg &lion to pay sums secured by this Security Instrument shag coninue unchanged Upon to nstalernent by Borrower. this Security Instrument and the obligatkms sutured hereby shall remain ftdiy OMtrru cur, A nU al:ceiwat,on halt oo, uwred Ho, twCr this right to ronstate shell not apply In the case of acceleration under paragraph 13 or 17 d 7 .j Will, d' n �l