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if Lender required mortgage insurance as a condition of making the ban secured by this Security Instrument, Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the insurance terminates in accordance with Borrower's and bender's written agreement or applicable low.. R Impeedec . Leader or its agent may make reasonable entries upon and inspections of the Property, Lender shall give Borrower notice at the time ofor pricer to an inspection specifying reasonable cause for the inspection. fl'. CandameaNaa. The proceeds of any award or claim for damages., direct or consequential, in connection with. any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by thle 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 Lender otherwise agree in writing, the sums secured by this Security Instrument shall; be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the shins secured. immediately before the taking, divided by (b) the fair market value of the Property immediately before the halting. Anybblance shall be c paid to Borrower. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condamnor offers to make an award or settle aclaim for damages, Borrower fails to respond to Lender writhin 30 days after the date+tho noffce is given, I.atder is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Proper. try or to the sums secured by this Security Instrument, whether or not then due. Unlace Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or i postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such paymdnts. 10. Borrower Not Rdeaaa* FForbaaraam By Leader Not a waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in intt ftV of Borrower Shag not operate to release the liability of the original Borrower or Borrower's successors in interest. Leader shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security instrument by reason ef a vy, demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy t shall not be a waiver of a preclude the exercise of any right or remedy. i 11. Sbc+eawars and Aasipa Baaatll; Joint and Several LIAM111y; Casiprts. 'Rte covenants and agreements of this Security Instrument stsallbind and bendt the successors and assigns of Lender and Borrower, subject to the provisions ar�fpaa�a�gr�aph 17. Borrower's ormiants and agreements shall be joint and several. Arty Borrower who co- segos this Security burnuLCnt felt Bois not eze mt ! the t\inrrx (a) ie eYSaim ino tide Sec a ity imnrumen! only to Me ewse nvrw..L`t ...-A con--- - OW'Barrowees4ilterest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay iris solos secured( by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, ,forbear or make any accommodations with regard to the terms of this Security instrument or the Note without �i''awes�s.�resent. " IL Low Charges. xlrthe loan secured by this Security Instrument is subject to a law which sets maximum loan charges, and ib at Caw is Wily interpreted so that the interest or other loan charges collected or to be collected in connection with tlat loan eueed the permitted limits. then: (a) any such loan charge sball.be reduced by the ammint necessary to reduce the chaxge'to the permitted limit; and (b) any sums alreadycollecteo front Borrower which exceeded pemaitted limits will be rdu»ded to Borrower. Lender may choose to make this refund by reducing the'priincipal oiid urt&r the Note or by making a direct payment to Borrower. If a refund reduces principal, the induction will be treated as a partial prepayment without any prepayment charge under the Note:...: I& [,Mica Afted" I"der'a RWft If ensctatetrt or expiration of appki thle laws has the effect-or rendering any provision of the Note or this Security Instrument uckmforceable according to its terms, Lender. at its olid6n, may require immediate payment in full of all sums secured by'this Security instrument and-may invoice any remedies �= permitted by paragraph 19. If Lender exercises this option. Lendt. i �sball take the steps specified in the second paragraph, of paragraph 17. 14 Notices. Any notice to Borrower provided for in this Security Instrument shalL.b-- given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any a(iier address Borrower designates by notice to Lender. Any notice to Lender -shall be given by first class 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 Borrower or Lender when given as provided in this paragraph. 15. Goveralm Law; Severability. This Security instrument shall be governed by federal law and the law of the jurisdiction 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 shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. If. Borrower's Copy. Borrower shall be given one conformed copy of the Note ahl&ot this Security Instrument. 17. Transfer of the Property or a Besefieial Interest is Borrower. If all or any part of the Property or any interest in it is sold 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 instrument. However, this option shall not be exercised by Lender if exercise is prohibited by r federal law as of the date of this Security Instrument. If Lender exercises this option, Lender shalt 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 witch Borrower must pay all sums secured by this Security instrument. if Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to have enforcement 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. now conditions are that lorrower (a) pays Lender all sums which there would be due under this Security instrument and the Note had tut accelcration occurred. (b) dare. any default of any anther co-weeants or agrtemeti . N) pz s all expatc; -t incurred an ,rf.:ming th;. Security Instrument, including, but not limited to, reaminable attorneys fees, and (d) takes Stich aown as 1 enti:r tTtat, reasonably reyutre tit awure that the hen of this Security Instrument. Icnder'i rights in the Pnolietty and lloritmcf: 4 ikliga)t+rrt ht Pay the ,um% secured by the Security Instrument %hail .onrinue - re•tnWtatetnrnt h. 1kirrtswer. the +, Security Instrument And theobligalmnm secured lwrehy shalt nectar+ fully eff& lnc a% it 11(1 3' tu.surral Ntrwrt er, them regbt if-. reinstate Shall not apply to thecame of n::s.cleratt,tn t_micr l aragraph. i r , •i t'