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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 a3 the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />& laspaIetion. Lender or its agent may'make reasonable entries upon and inspections of the Prcperty. Lender
<br />shalt give Borrower notice at the time of or 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 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 ahandoned by Borrower, or if, after notice by imider to Burrower that the condemnor offers to
<br />make an awaz3 or settle a clai for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given. Lenderis authorizedesc011ect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />tt1 the
<br />�ums secured by this $Ier�urity Instv"V14 ent, whether or not then due.
<br />Unless Wider and Borrower of ne agree in writing, any application of proceeds its :principal shall not enf.wd or
<br />rMpone fttP4'(tate of the monthly payer is referred to in paragraphs i and 2 or changtr. r br amount ofsuch payw.,I6ats.
<br />10. Boirrswer Not .Rehmsed; RiAmminer By Lender Not a Waiver. Extensiori of the time for payment or
<br />tt+ cation of amortuata Lf the sF "s.sscurzdt L - this Security Instrument granted by Lender to ,any successor in
<br />► t,•e�►st of Borrower shat➢ 6*.i.perate rd,.e'r�ase the liability of the original Borrower or Borrower's successors in interest.
<br />'wider shall not be required. to comtri=. ;e proceedings against any successor in interest or refuse to extend time for
<br />payment or o6j6Mse modify amortizatWd of the Qatms secured by this Security Instrument by reason of any demand made
<br />i,, *ri&a '.iarrower or Borrower's successors in interest. Any forbearanceby Lender in exercising any right or remedy
<br />shOnot be a waiver of or preclude the exercise of any right of remedy.
<br />11. Successors and Assigns Bound; Joint and Several Llability; Co- supers, The covenants and agreements of
<br />this Security Insmment shall bind and benefit the successors and assigns of Lender and Borrower, subject to the pr-r, ns
<br />of paragraph M. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this SW, _ by
<br />instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and *Cbrvey
<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 Initrurrent or the Note without
<br />that Borrower's consent.
<br />12. Losin Charges. If the loan; WM'Air ed by this Security instrument is subject to aI ti,-w which sets maximum. 'loan
<br />charges, and that law is finally interpr.mtx so that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the peravred then: (a) any such Ivan charge shall be reduced by the amount
<br />necessary to reduce the charge to the perrrrrt�i�d c �;; :,rid (b) any sums already collected from Borrower which exceed
<br />permitted limits vt11 be refunded to Bc,.,ruw,! r. Lender may choose iv make thi.3 refu;id -by reducing the princip4 op-ed
<br />under the Note cvloy making a direct paysr.Int to Borrower. If a refund reduceta.pricciFol. the reduction will be treawd as a
<br />partial prepayment without any prepayment charge t_^ ,ider the Note.
<br />13. legislation Affecting Lender's Righm . If enactment or ex(��re3.ivn of applicable laws has the effect of
<br />rendering any provision of ttf: Note or this Security Instrument unenforceable according to its terms, Lender, at its option,
<br />may require immediate payment ir strr;ts secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender r.'a» option. Lender shall take the steps specified in the second paragraFIT of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower prr;•iyJW for in this Security livitrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable ii'w requires use of another rkethod. The notice shall 1%6. directed to the
<br />Property Address or any other addre6s flo:tovicr designates by rrstice to Lender. Any notice to Lender shall be;g�•rev. by
<br />first class mail c(a- tender's address atat!diti2 rein or any other add'at,)i; Lender designates by notice to Borrower. Any ruA:xce
<br />provided for in this Security Instrrument be deared to have been given to +gflrrower or Lender when t
<br />given as pea =' ded
<br />in thi!iparagraph.
<br />IS. Governing Law; fa`eseroblV1y. Thi3 Security Instrument shalt be g;;verned by federal law and the law of the
<br />jurisdiction in which the Property i:aj tterft& In the event that any provisoor. «r clause of this Security Instrument :o* the
<br />Note conflicts-whkapplicable law, suc iotnf kt shall not affect other provisions of they Ssctrrity Instrument or the Ni ze
<br />which can be given effect without the cdu tting provision. To this end the prmvsions of ths'3 Security Instrument and the
<br />Note art declared to be severable.
<br />16- Borrower's Copy. Borrower shall be SiF,iU" 1 one conformed copy of the Note and of this Security Instrument.
<br />M1 'lfr'ansfer of the Property or n Benefleial Interest in Borrower. If all or any part of the Property (;r zny
<br />interest in it as sold or transferred for 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 option, Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not tens than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security instrument. if Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice e.r demand en Borrower_
<br />18. Borrower's Right to Relnstate. if Borrower meets certain co nditttms, Burrower shall have the right to hate
<br />enforcement ofthis Security instrument discontinued at any time prtt,r to the earlier of: (a► 5 days (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument; or (b) entry of a judgment enforcing this Security Instrument -rhos- condition, are that Borrower.
<br />(a) pays Lender all sums which then would be due under this, S°curttr: Instrument and the Note had nu acceleration
<br />occurred, (b) cures any default of any other covenants or agreements. fcl pays all expense-, Incurred in enforcing this
<br />Security instrument. Including. but not limited to, reasonable aetornens' fees. and (dl takes such :Irtrort as Lender Ina%
<br />reasonably require to assure that the hen of this Security Instrument, I_endor's nghts II the Prvinrt4 arut Il:,tra)tivEr's
<br />obligation tt> pay the sums secured by this Security Instrument stall ua►ttnue unchanged t'p:,nt rEU,�ratcu,LVtt by
<br />ilr,rr LAM tht4 Se::urity imtrument and the obligations securedihurehy %hall retnmt► fully effea vox. it mI .,LL•�•lc►,tri k..z h.►,?
<br />tticcurred 110%eler. thisright toreimslate shall wit apply In thecawof atLeferary =T Aoa v'r t - trarr;,l•h� t t 1 -r +-
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