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If header required mortgage insurance as a condition of making the loan secured by this Security Instrument. Borrower shall'pay the premiums tequiired to maintain the ittsur ince in effect until such time as the requirement for the insurance termieates is accordance with Borrower's and Leadees written agreement or applicable law. a limpielkwa. Leader or its agent may snake reasonable entries upon and iaspectiorts of the Property. Leader shall give Borrower rrotioeat the time of or prior to an n bapection specifying reasonable cause for the inspection. 9 Cankinneden. 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 coodgirtaxion, are hereby asagraed aid shaft be paid to Leader. ire. td)e evdtt of a total taking of the Property. the proceeds shall be applied Lo i *.sums secured by this<.Security strata ; wbetber or not then due, with any euxss paid to Borrower. In the CVCbi -':A'. of: �a, ... �.. `'taraleas 1Sars* firer and Leader otherwae ag{rere in waiting, the sums secured by this Swz ,*,..J Namattcdrr ii+e 1po i jy.. k amotrim" -J the proceeds MUWq lW by the fallowing fraction- (a) the total art mj tc',X_ before thvWka& divided by (b) the fair market valueof the Property immediately befibmt he taking. Any balance shol be pid to Booze. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is — — given. Lender is authorized to collect and apply the proceeds. at its option, either to restoration or repair of the Property or to the sums secured by this Security instrument. whether or not then due. Unless Leader and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 10 Borrower Nat ReitatsI Foriwnaee By Lender Not a Wainer. 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 interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender 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 of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be s waiver of or preclude the exercise of any right or remedy. It. Saetassora ad Am*w Bounk JeW AW Several Lbiility; Coeipers. The covenants and agreements of this Security instrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to the provisions of paragraph 17. Borrowers covenants and agreements shall be joint and several. Any Borrower who cosigns this Security Instrument but dna not execute the Note: (a) is co- signing this Security instrument only to mortgage, grant and convey that Borrower's interest in the Property under the temus of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any othea: Borrower may agree to extend. J modify, forbear or make any accommodations with regard to the terms of this Secu nty.- Instrument or the Note without that Borrower's consent. 12 Laaa Cba ps, if the loan secured by this Security instrurmmu t< subject to a law iis&cb. acts maximum loan cl arges. and that law is finally interpreted so that the interest or other Than charges colkztoa i3c to be cetiJocted in oin(noctti it with tfie Ian exceed the permitted limits. then: (a) any such loan charge shall be rrAfac' ed by .tfw amount nece%art, t o reduce the charge to the permitted limit; and (b)- any sums already codwri t. from �rr:�.- Wer which exceeded ; ^ca:a Emits will be refunded to l3iarrower. Lender may choose to make this by Trdaparg the principal owed zmider the Note or by making a direct payment to Borrower. If a refund reduces princip4. the reducnan will be treated as s partial prepayment without any prepayment charge under the Note. 1S. LoOdatiMt Affeed rg leasers Matta. if enactment or expiration of applicable laws has the effect of rendenmx any provision of the NotC iii• this Security Instrument unenforceable accord,, w 1:3 its terms. Lender, at its option. a r # equire immediate payment in full of all sums secured by this Socarrry InsmaTr .�.t and meagre. invoke any remedies peed by paragraph 19. If lender exercises this option. Lender shall rikrf the strpsf ccified iii:Owsecond paragraph of panwlkp:b 17. M Notices. Any notice to Borrower provided for in this Security Instrumto'v Ydi�all be given by deliveringcit or by mailing it by finest class matl unless applicable law requires use of another method. IT14, nnece. 00 be dirima -d to the Property Address or any other address Borrower designates by notice to Lender Ant+ ircum to l::tider shall be given by first class mail to Lender's address stated herein or any other address Lender designates byi notice vi Borrower Any notice provided'for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given an provided in this paragraph. 1S. GNe 111116 I,0w; SeveraMlity. This Security Instrument shall be governed by federal law and tfre law of the jurisdiction in whicb the Property is located. In the event that any provision or clause of this Security Inarament, or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security instrtment.or the Note which can be given ell'ect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 16. Borrower's Cog♦y Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Transfer of tk Property or a Besefieial Interest In 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 psytneni in full of all sums secured by this Security Instrument. However, this option shall not be ereramed by Lender if artrciw it. prohibited by federal law as of the date of this Security Instrument. If Under exercises this option. lender shall give Borrower notice of accelerain'i : Tz±e n4v "shall provide a period of not less than 30days from the date the notice is delivered or mailed within which Wr, -i-z aV•u1 enure. pay all sums secured b,. this Security Instrument. if Borrower fails to pay these sums prior to the expiration of IN� tK"fki., Lmder may invoke any remedies litmitted by this security Instrument without further notice or demand on titan *Ower. If llarrcrwr rncets ce. -fain Coiidim"Is. Ow".1+wer ahz51 have thz rrinlar. ru have enforctinent of this Security Instrument discontinued at anytime pritrr to the earlier of. (a) S days for 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 Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration occurred. (h) reites arty d-faLilt of &ray ot!:;. semis or aWcerner:;. (c i tdys all WIPrnscs ieicurrcd in enivrcmg irris Security Instrument, including. but not limited to, reasonable attorneys.' fees, and id) takes ~arch action as Lender may reasonably require to assure that the hers of this Security Instrument, Lender's rights in the Property and Ito.rowcr's ubliphon to pay the sums secured by this Secunty instrument shall contin3e iincharsgrd UP M reiMdattnitnt hV rHotrower. this Security Instrument and the obligatainsseturrd hereby shall renmin fully effecsite sat %Onto acccleratrnn hitch ts.c urred However. this right to reinstate shall not apply err slip tale i4 acc<.lC!'211 M u- !tr VIM 1; i.r t" f. i t 7 ISO ;n