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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 terminate& in accordance with Borrower's and Lender's written agreement or applicable law.
<br />S. liespeeNon. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />"live Borrower noticest the time ofor prior to an inspection specifying ressonablecause for the inspection.
<br />9. Cosadesisa stloa, The proceeds of any award or claim for damages, director consequential, in connection with
<br />any condemnation or other taking of any part of the Property. or for oonveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a tool 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 total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower,
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds. at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or not that due.
<br />Unless sender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the smonthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Walver. Extension of the time for payment or
<br />moditication of amortization of the suns 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 Borrower's successors in interest.
<br />Lender shall not be requited 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 a 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. Sucoessors and Aalgas 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 provisatres
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Sea n,y
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<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 loan charges collected or to be collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduoce5 by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower vihich exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13., I.e&Mdon llffetedog Leader's Rights. If enactment or expiration of applicable laws! Nvs the effect of
<br />rendering any provision ofthe Note or this Security Instrument unenforceable according to its terms, Le Wvr, at its option,
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remeedies
<br />permitted by ptturagraph 19. If Lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph IT.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given bM delivering it or by
<br />=&vg it by first class mail unless applicable law requires use of another method. The notice shall, * directed to the
<br />Property Addr!esis or any other address Borrower designates by notice to Lender. Any notice to Ceirdw stall be peen by
<br />first class mail to !Lender's address stated herein or any other address Lender designates by notice to Iloarroua Art} Oxice
<br />provided for ire erns Security Instrument shall be deemed to have been given to Borrower or Lender when 8t stm as p*rt»7de7d
<br />in tins psragrap,t.
<br />lx. Goveraina Lao; Severabi8ty. This Sec=ty Instrument shall he governed by federal laa 9;1;: the law of the
<br />jurisUtion in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts avith applicable law. such coeafiict shall not affect other provisions of thiv S-wii;nty Instrument or the Note
<br />which can be given effect without the ccra icting provision. To this end the provesioues of this Security Instrument and the
<br />Now are deciared to be severabie.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of the% Security instrument.
<br />17. Transfer. of tba Property or a BeaeficW Interest is Borrower. if all or any part of the Property or any
<br />Interco in it is sold or transferred (or if a beneficial interee,t in Borrower i.%old or transferred and Borrower is not a natural
<br />person) without Lender's prier written consent. Lender may, at its option, reyuere !mmckiwite payment in full of Al sum.
<br />secured by this Security Instrument. However, this option shall not be exercised by Leveder of exercise is prohibited by
<br />federal lava as of the date cithis Security Instrument.
<br />If Lend4wexercises this option, fender shall give Borrower notice of acceleration "rite .notice shall provide a penosol
<br />of not Itss than 30 days from the date the notice is delivered or mailed w ithin which Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of the% pe;nod. Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />111. Borrower's Riglet to Relastate. If Borrower meets certain condituinr, lkirrower .hall hase the right to have
<br />enforcement of this Security Instrument discontinued at anytime pnor to the earlier of (at S day. (or.uch other period As
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of %ale contained in the.
<br />Security Instrument; or (b)cntr) of a judgment enforcing the. So:curety Instrument 1 how conditions are that Borrower
<br />(a) pays Lender all sums which then would he due under this Securely Instrument ind the `ore had no a:.elcrAtion
<br />occurred, tb) cure% any default of any other conereanis or agreements, (cp la)% all r%pcn%" m :urred it cnturning the%
<br />Security Instrument. including, but riot limited to. teaKenahle attorney.' fee.. and Idl LAIC, such A.tuon r. 1 ceder ma}
<br />resso riSM) require to assure that the lien cif this Security Instrument, I ctidet'% right% to the I'noperrs and M- rrt- ,Art'%
<br />oblegauo!n to pA) the sums secured by this Secunt; Instrument %hall .o ritinuc uri.haugc.t I p..n ,eu!.ratcnicnt h,.
<br />Bom)wer, this Smunt) Instrument and the oshhgabsnes scs:ured herehv shall rrtmon t.k',% ctTe tsse As of n.. A..elerAt!,m hA.1
<br />occurred However. this right toreeeistateshall rkA apply in the
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