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<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 />a. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time afar prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. 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 tonal amount of the sutras secured immediately
<br />before the taking, divided by (b) the fair market value of the Property imrttediately be&me the takitq. Any balance shall be .
<br />paid to Borrower.
<br />If the Property is abandoned by; Borrower, 'Or if, after notice by Lender to lilormwer that tine condemner offers to,
<br />rnakean awatrdo r settle a cWt m for da nagm Borttaw4er fails to respond to Lender within 30 days a.%-s the date the notice is
<br />given, Lendes is atutherczed to collect and apply thte proceeds. at its 6;rtion. either to restoration or repair of the reppett}- otr
<br />to the sums se mired!bu el?ras•Security Instrument, whether or nor th-n due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender 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 Harrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Succeswn and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns 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 rfnec not exr!cute the Nato'. (a) is en-ciaa"inag this sec '!idly in strum. nt or!" to mortgage.. ;rant std ^. ormey
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security instrument; and (c) agrees 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 lean charges collected cr to be collected in
<br />connection with the loam exceed the permitted limits, then'. (•a) any such latan: charge shall be reduced by the amount
<br />necessary to reduce the charge to t. to 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 owes}
<br />under the Note or by making a direct payment to Borrower. if a refund rvduc4s 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 />renderingany 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 specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering 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 given 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 />116. 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 a111 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 natural
<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 not 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 opridn.. Lender sh.All give Borrower notice of accelerate4n,.The notice shall provide a period
<br />of not less than 30 days from theiUfe the not 10x'ri:,4elivered or mailed within; which Wrrau e'r mui&pay all sums secured h1
<br />this Security instrurtrenG If'8orrower fails to (7 it; tKzsse•sum. n or to the erpi aticrn of this period, Gender may invoke an ,:
<br />remedies permitted by this-Security lnitrumentr ;• - fbinut further. notict: ordemand art fll'� ower
<br />1.k Borrower's•lfti 't to Pit" if a- irrower marts certain conditions; libnrrowcr shall have the reinter' m Rave
<br />enforcen rnr. of this Se,,,ufiry Instevrocra'distantiitued at any time prior to the earlier of- (a) ? days (or such other.peruod a%
<br />applicable law may spw..fy for reinstatement) before sale of the Property pur%uant to any power of bale contained in dive
<br />Secutity instrument; or 11ti) entry (ifajudginent enforcing this Security Instrument l ho%e cnndition%are that Borm%%er
<br />(a) pay% Lender all sums which then would he due under thi% Security instrument and the Note had no acceleration
<br />occurred. (h) cures ariv default ref any other c menanm or agreerenv,' (c) pa), all cxl1cn,c� incurred in enforcing thi.
<br />Security instrument. mtluding. but not innitea to, reasonable attorney.' fees. and (d► takes such action a% I entlet mas
<br />rrasonahty ret{ulre hr assure that the lien of thl. seturlty Instrument. i cndcr'% rights n1 the Prol,rri% and liorrr :wet'•.
<br />,:hllgatlott hr pa} the. stint% seEnred by tiff% st-( unty limrurnenr %hall t:(m mm ,noiai gt,(t t'l,rn roT!%tatt,mtw h%
<br />kr.rrnw,. r th1••. ir: 11ntb In%rru mi.III .end the , •hht,all "Il'. turetF itt•tr hi, %hall If niam ful)% ,•ffc•: ht, I% 11 m • a:. rh ,.111• :n h.141
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