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If 1,eteder required ms><tpp imuratsce ass a omradition of ttrakin11 the kraut secured by- thin Security Instrument, <br />Borro�trer shalt pal• thie premi�aait e>Dgttirnd to maintain the i nsuntt►x in c1rad until latch time as the requirement for the <br />hisaraooe terminates in accordance with Borrower'$ std 145der's writxen allmemesst oar applicable law. <br />& Inspaelim I.esder or its spat may make maaoesbk entries upon and fimpoctions of the Froperty.14mder <br />tiialigivO Bortt»rer notice "the timeofor Prior toan ingxctkm specifying mesooablecaulefortheinspection. <br />!, Castd0NIMaatisa, The proceeds of any award orclaim for dams^ dimmer conmquential. in connection with, <br />nay coodenixatioat or otbw taking of any part of the Property. or for cmevryanee i�l liCU of coademnation, are bereby <br />mi4peAudshall bepaid to Lender. <br />'bee the event of a total taking of the property, the proceeds: shall be appliad iii. the sums secured by this Security <br />IAar t. whether or trot tbm du v with any excess paid.1a J3artvWer. In the event of a partial taking of the Property. <br />unless Borrower and Larder otherwise agree in writing, die sutina scouted by this Security Instrument shall be reduced by <br />tlie;anwi tint of the I la -meds multiplied by the following fta tiYri.(aJ: fdC t4Y;itial amount of the sum secured immediately <br />before the taking, dives ijv ib).ihe fair market value of the Firiperty 'idiately before the taking. Any balance shall be <br />paid W..Sufrower. <br />f'tbe PropWF * arid. by Borrower, or if. ten notice by Lender to liar rower that (-aide condi:r air ofhrs to <br />make ant award or sxt4 clahaYdeic images, Borrower fails to respond to Lender within 30 days aft the date the notice <br />: pvaq..Ii.ender is.awc4lydiKi deed to off and apply the proceeds, at its option, either to restoration or itpair of the Property ea <br />to thetaitnss secured by this Seciir;jxi aistrummL whether or not then due. <br />UW <br />fluid Bonne otherwise sgrm in,writing. any appHmtian of proceeds to principal shall not extend or <br />poatpatanctbie due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. <br />1L D" 11" NO litelaae$* Fa benrat ce By LmWer Not a Waiver. Extension of tht time for payment or <br />aiodilicatioa of amortization of the sums secumd by this Security Instrument granted by Lender to any successor in <br />interest of Borrower shall not operate to rcleatc the liability of the original Borrower or Borrower's successors in interest. : <br />Leader :Mall not be required to Commence proceedings a =st any successor im irterest or refuse; to extend time for <br />PRY"* trr otherwise modify smvxtdzation Othe sums seal W by this Security Inststiimnt by reason of any demand made <br />by the original Borrower or ltfrtstliirWs successors in interest. Any forbearance by L 4a in exerclairg any right or remedy. <br />:ball not be a waiver. n 0i0TP &4& the 019M se of any right or remedy. <br />f 1. Sacearatircres ad Asallm Br_ ve * U" sari Se"rd <br />LiaMilHy: CoWpen• The cwveaturts and agreements of <br />this Setstrrxy l<nstrutaetataltall 18rt�(IiMOdbntdCl be>gscceaaortaVad ass4mof Lender and Borrower. subject to the provisions <br />of psnjptiph 17. Borrower's cocatnasiis and agttidtttnts shallbe joint and several. Any Borrower whoco -signs this Security <br />Instrumetdt 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;- lastrument; (b) is not personally obligated to pay <br />the sums secured bye ,tint Security Instrument; and (c) agrees that L nOtrr. and any other Borrower may agree to extend, <br />modify, forbear or mike any accommodations with regard to the terms of this Security Instrument or the Note without <br />that Bormweesconsent. <br />11 LainsChallm if tim-kian secured by this Security Instrument is subjcci to a taw which sets maximum loan <br />charges, and that low it finally ituiuspreted so that the interest or other loan charges collected or to be collected.in <br />connection with the Irian exceed the permitted limits. then: (a) any such loan charge shall be .tWisced by the amount <br />necessary to reduce the charge to the`permitted limit; and (b) any sums already collected from Borrower which exceeded <br />permitter,! limits will be refunded; n Borrower. Lender may choose to make this refund by reducing the principal owed <br />I rder the Note or by making a di ;psyment to Borrower. ifs refund reduces principal, the reduction will be treated as a <br />partial prepayment without any prttspayment charge under the Note. <br />13. Leablad$is Affeetltsg Leader's RigMftie. If enactment or expiration of applicable laws has the effect of <br />rendering any provisim ofthe %t -nic or this Securiiy instrument unenforceable according to its terms. Lender. at its option, <br />may require immediate pay>Yiegc. hi, full of all sums secured by this Security Instrument and may invoke any remedies <br />permitted by paragraph 14. If L•clider exercises this option. Lender shall take the steps specified in the second paragraph of <br />paragraph 17. <br />14. Nodcm Any notice to Borrewasr provided for in this Security Instrument shall be givenby delivering it or 1t+3 <br />(-nailing it by first class mail unless applicehfr Uw requires use of another method. The notice shalt be dir"ted ee. cbe.. <br />Property. Address or any other addrms Borrower designates by notice to Lender. Any notice to Lender shaltfxe given try <br />first clawk mail to Lender's adds$ glatcl herein or any otkicraddress Lender designates by notice to Borrower. Any notice <br />provided for in this Security Instmatcat shall be deemed. t y?htve boon given to Borrovivi or Lender when given as provided <br />in this paragraph. <br />15. Goveral tl w; Sr.0Ifty. This Security Instrument s"I be governed by federal law and the law of the <br />jurisdiction in which the Propeny? 's located. in the event that any provision or clarasc of this security instrument or the <br />Note conflicts with applicable !�W;'iuch conflict shall not &feet other provisions of Ibis Security Instrument or the Note <br />which can be given effect wit.higit,lbe conflicting provision. To this end the provisitir- of this Security Instrument and the <br />Note are declared to lie rat: vershk <br />Ili• Serrewir'trcop. • Borrower shtdk; be given one conformed copy of the Note and of this Security Instrument. <br />17. Ttrawfor...af'tite Pr%K"y or a Bew&W intterest is Borrower. If all or any part of the Property or any <br />interest in it is sold or. transferred (or ifs beneficial interest in Borrower is sold or transferred and f3onower is not a natural <br />person) without i~cndeil'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 4m. of this Security Instrument: <br />if Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period <br />of not less than 304ays froth the date the notice isdeliverers art gi6d within which L+astuwee rnu•- pay.:!! solo:; U:carc U" by <br />this Security Instrument. if Borrower fails to pay these sums prior to the expiration of this pencuf. Lender may itivoke any <br />tremedies permitted by this Security Instrument without further n(Micc or demand on Borrower. <br />11. Bot'rs►wtr'$ Rigk f4 Rsiartate. if Borrower meets certain conditions, lorrower shall have the right• ti) have <br />enforcement of this Security Instrument discontinued at any time prior to the earlier (if (a) S days for such tither Iwriod as <br />applicable law may specify for reinstatement) w6re sale of the Property pursuant to any power of sale contained in this <br />Security Instrument, or th) entry of a judgment enforcing this Security Instrument. Those conditinin are that Ilarrimer <br />(a) pays Lender all sums which then would he due under this Securty Instrument and the Nkite had no acMeratnm <br />Mcurral; th) care* any default of any other t:uVettants of agreements; (Cf pays all cxpensts owurred in t:nforcrng this <br />Security instrument, tridudnig, but nvd limited to. reasonable attorneys' fees. and (di tikes su4h sctttin as 1(-titter ntay <br />reaskinahly rrquire tr, assure that the lien of thts Security Instrument. Lender's tight% in the Pr,llietty anti fi,orrimer-% <br />oblisation to pjiy the stmt% %cured by ihi% Secunay lnmttumcnt Shall unitislue uttt.h,niged !'pier roitvtatrrrtcnt I,% <br />iorrower. thra4ccunty Imtruineitt and the rtblrgatroils secured htfeby shall remain fully rttrctrcc a�. if n,. a+.rletati rt h.t.r <br />tKCurrtd. Hs3a et .er,this right toretnstste shall (- totr+ ppl yin the caw 44ticLelc ratu�nutide•r itof 17 <br />h <br />t� <br />t� <br />