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<br />< if Leader required mortgage insurance as a condition of trakL-g the lean secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such titre as the requirement for the
<br />insurance terminates in accordance with Borrower's and tender's written agreement or applicable law.
<br />9. tatpeetiaa. Lender or its agent may make reasonable entities upon and inspections of the Property. Lender
<br />shall give Borrower notice at the tints of or prior to an inspection specifying reasonable cause for the inspection.
<br />9 Ceadeaualles. 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 arW 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 total amount of the sums secured immediately,
<br />be tore th taping, divided by (b) the fair market,value of the Property immediately bef;ttv�the taking. Any balance shall be
<br />paid to $c cmwr r.
<br />Iftha Propieny its abandoned 1 ry W.hr4er, or if, after notice by L.er=der to Borrower that the condemnor offers to
<br />make an awlatd :oir w tley claim ford rages. Borrower faits to respond to Lender within 30 days after the date the notice is
<br />given. Len*.is"44ihcnized to collas* and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the surois - w—ured by this Security fmstrument, whether or not then due.
<br />tiayess Lends► crud Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone1Wduedaveof the monthly payments referred to in paragraphs I and 2 or change the adiount of such payments.
<br />10. Ofirrower Not Released; Forbearance By Leader Not a Waiter. Extension of the time for payment or
<br />modificauie. of amortization of the sums secured by this Security Instrument gtanttml by Lender toany -succeessor in
<br />interest ofBiorrower shall not operate to release the liability of the original Borrower, V. Borrower's successors hrinterest.
<br />Lender shall not be mquired to commence proceedings against any successor in c:n5_Lrst or refw:re to eatr*wt crime for.
<br />payment or otherwise; Modify amortization of tfx-sums secured by this 511acrrr.'ty Instru�acrt by reawn of any detnind mfri
<br />by the original Door ;�rBorrower'ssu,.cesyct~ in interest. Any fnrbe: mageby L(aw*i?inexerci4_Uany right or remed +::,.
<br />shall not be a waiver of 4i preclude rla.; exercise of any right or remedy.
<br />11. Sateenors and Aadog .-salad; .foil and Sevtral Ltebility; Ca- slpseix%.' ,rte' covenants and aV= ients of
<br />this Security Instrument shall bind and benefit ' OWsuccessorsand assigns of Lender an trdbrrower.. s ecb)ect to flit provisions
<br />of paragraph 17. Borrn�'er's covenants and agrat !ents shall be joint and several. Any Borrower *ho* r, a -signs this Security
<br />Instrument but doers mil execute the Note: (a) ii 1_a- signing this Security instrument only to mortgage. grant and convey
<br />that Borrowei s interest in the Property under t e terms of this Security Instrument: (h) is not personally obstiit;a;:d to pay
<br />the sums secured by this Security Instrument; and (cd agrees that Lender and any caster Borrower may agr6!� to extend,
<br />modify, forbear or make any accommodations with regard to the terms i f this Security Instrument or the '�b.*l ,without .
<br />that Borrowers consent.
<br />12. Loan Owrgeu. If the loan seccraLhy this Security Insttum.eml is subject to a law which sets maximum loan'
<br />charges. and that law is finally irterpreted W ttt'at the interest or a :h: r' Loan ch...rgc% collected air to use ctAccted in
<br />connection with the loan exceed 1:64:7 perms:ied Jimits, then: (a) any such Ivan ehirrAit shall he reduced by Olre amount
<br />necessary :o reduce the charge to tl a petmive,ltmit; and (b) any sums already collected from Borrower whiwie'.exeeeded
<br />permitted limits will he refunded to BilrroviLi, fonder may choose tomike this refund by reducing the principal owed
<br />under the Note or by making a direct payment: !.iAlorrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment cnArge under the Note.
<br />U, Legislation Affeetiittg I'Awder's Rights. if enactment or expiration of applicable laws has fist effect of
<br />renderie;a any pruvitii, �r. j :t. the % in- or this Security Instrument unenforceable according to its terms. lender, w. ,as option.
<br />may rNe_Iire irrime t0g7aymen' at full of all sums secured by this &- ourtty Instrument and may invoke any remedies
<br />permitted by paragr4lsla;19. If Lender exercises this oiption. Lendershall'•teikia the step%specified in the second paragraph out
<br />paragraph 17.
<br />14. Notkes. Any notcu: to Borrower provided for in thisSecur.ty Instrument shall be given by delivering it air by
<br />mailing it by first class mail unless applicable law requires use of anether method. The notice shall he directed to the
<br />Properly Address or any other address Borrower designates by notice tea' Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein oir any other address Lenin :r designates by niiA rvv let Ildarrower. Any uott, ;C
<br />provided for in this Security Instrument shat, be deemed to have been given to Borrower or Lender when given as pro.idnd '
<br />in thlc paragraph.
<br />13. Governing Lour; Severability. This Security Instrument shall be go%cmed by federal law and thethov of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrutrvent or the
<br />Note conflicts with applicable law, such conflict shall not atiect other provisions of this Security instrument air the Nvto
<br />which can be given effect without the conflicting provision. To this end the provisinn%of this Security Instrument and ti;
<br />Note are declared to he severahle.
<br />16 borrower's Copy. Ilotrower shall be given omeconformed copy of the Note and of this Security Instrument
<br />17. Trounfler of tie Property ours Beneficial interest in Borrower. If all air any part of the Property or any
<br />interest in it is said ur transferred for ifa beneficial interest in Borrower is told or tratisfeticd and Iorrower is not a natural
<br />person) without Lender's prier written consent. Lerider may, at its option, require unmediate payment in full elf 4111 sum-,
<br />secured by this Security instrument. However, this upnon shall not he exeiciscd by Lender if exercise is prohibited by
<br />federal law a%of the date of this Security Instrument.
<br />if Lender exercises this option. Lender shall give Borrower notice of acceleration. 7 he notice shall prrnide a period
<br />of not less than 30daysfaer the date the notice is delivered or matted within which Itorrim cr inusi pay all sums secured by
<br />tbtk Sa —nty lr_trum-gsaa fit lie- ,srower Path lt: ls:s; lls�- ,::;r :pncr t <; .he re#s :rtion� f thv, pe -wJ, : ciid�r may :iti.• sc:1s:3
<br />temedics permitted by this Security instrument without further notice of demand on l;iirn lover
<br />It Borrower's might to Relintate. If Narrower nicety certain conchtnms. lkirrowcr shall have the right to have
<br />enfvrccment of this Security Instrument discontinued at any erne pipit to the earlier cif dal 5 dayslor such i +ther peril -4 as
<br />applicable tars may specify for rrtnstaternent) hefore safe of the Property pursuant tct any pl /we r ilf safe- cl+iitamed 111 this
<br />Security Instrument. or lh►cniry of aducfgrtteot C4411T. lle All, S<currty Insttuntent Thow o-ndatow arc that MItriiwCr
<br />(a) pdyv lender all sumo which then would he due under this Sevur►t) Itnrrurnen! .aid the %ore had 11(i uc;,Clciatu!n
<br />(ACILLI reel. lh) cures any default of any other Losctrartli err agreements: icy pays all clip cincs incurred it cnforcui t this
<br />Security Immument, including. but no iutitted tai, r"wiushle at!tlrr._ys' fees, and edt takes sash action a4 I fllder a:av
<br />reavtnably requite to aware that the lien Of this SC►:unry 111SUILMlCllt. I.crdcr'% tiuhti to the Prcel caN and lit +rrmhcr s
<br />obligation Qti p,iy the %UTI1.',iutCd N. tlM SCLUrl :y 11NOUTM111t % hall 1.'1i11nlue' ❑nrtiM19Ci1 t p +111 'C1170ACCIIIC111 1116
<br />If, �rrt,%er, t fit i 4g; orivo In,",to iti e'nt and rtie 4+11gat r m,%K'; urrd hoth%'147.111 rciti.14S7 fi ;F) tfTe'ets =i:SF li is'T :t_1 r1� r attl `fl li.tFt
<br />iw4urred 11,J %ch cf. 0114 fight it, reamialt..ih. 111111'1.11�ply Its !b.r.awl,f:,t -te IJ'AC[ jt : -t t`
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