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<br />104792
<br />if Lender required mortgage insurance 'as, a condition of making the loan secured bi!,this Security Instrument,
<br />'i3orrta%Fer shall pay the premiums required bi maintain the insurance in effect until such time on the requirement for the
<br />insurarute l.ernimates in accerdange with Borrower's and Lenders written agmement.rtrapplicabir low .'.
<br />8. taspeetioa. Lcader or its.agent inay mike reasonable entries upon, and iitspgWolis of the Pmiler+.; ±. Lender
<br />shaligive Borrower notice at the timeofor prior to an inspection specifying reasonable eaucet`or the inspectiiih.'.
<br />9. Coademnation. The proceeds of any award or claim for damages, direct er 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 tp Lender.
<br />In. Itic event of a total taking of the Property, the preceeds 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, thh sums secured by this Security Instrument•shall he reduced by
<br />the amount of the proceeds multiplied by tha fallowing fraction: (a) the total amount of the sums secured immediately
<br />xf"knw Me taking, dividt� by (bl, tlttw fair marhLt value of the Property immediatak4tef'ore the taidi'rig_ Any balan.L . shall be
<br />paid to Borrower.
<br />If the Property is abandoned by .Borrower, or if, after notice by Lender lo.11 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 then dug.
<br />Unless Lender and Borro%-vgr otherwise agree in wrting, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in '.paragraphs 1 and 2 or change theamount of such payments.
<br />10 Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums 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 Borrowers successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment oratherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the or gpW Borrower or Borrower's successors in interest. Any forbearance by Lerdcr in exercising any rig %or remedy
<br />shall not be waiver ofor preclude the exercise of any right or remedy.
<br />It. Succeaaurs and Assigns Bound, Joint and Several Lialifiity; Co-signers. The covenants and agreements of
<br />this Secudoy Instrument shall bind and nd benefit the successors and assigns dfLenderan.d Borrower, subject to theprovisiotis
<br />of paragr; .pE 17. Borrower's covenants and agreements shaD be joint and several. Any "Borrower who co -signs this Security
<br />Instrume-: I but does not execute tae Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under tht: 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 accommodation, with regard to the terms of this Security Instrumemi or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan securt 1f y this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted io, ihat the interest or other loan charges collected or to be collected in
<br />connection with the- lane exceed the permittzd Emits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary-to reduce 0e charge to the permitter! h=it. and (b) any sums already collected from Borrower which exceeded -
<br />permitted .�;mits wiii be refunded to Borrower. Lender mil choose to make this refund by reducing the pt^a�..t;ipal owed
<br />under ;htr Ncite or by making a dire`4 payment to Borrow tT... [fa refund reduces pript:p il, the reduction will lac: treated as a
<br />partial prepayment without any prepayment charge under tee Note.
<br />13. Legislation Affecting Lender's Rfi*ts. If enactment or expiration of applicaN2 E sws has the effect of
<br />rendering any provision of the Note or this Secuii ty Instrument unenforceable according to its tennti,: Lender, at its option.
<br />may regaice immediate payment in full of ail s:,;ms secured by this Security Instru merit and may invoke any remedies
<br />perm t.txi by paragraph 19. If Lender exercises this opticim.- tender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower rr. ,3vided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first cliws mail unless applicable. law requires use of aaotbe;. method. The notice shall be directed to tf*_e
<br />Property Address cis any other address Borrower designates by notice t i. Lendt:!r- Any notice to Lender shatl'be given by
<br />first class trail to Lender c address stated herein or any oths r aA!dras fi.ml.'.er designal w, by notice to Bortwwer. Any notice
<br />provided for in this Security Instrument shall be deemed to hale been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />IS. Governing Lary; Severability. This Security Instrument small he governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not'atTect other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. 'I'o this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conforrr,ed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all ter any part of the Property or any
<br />interest in it is sold or transferred (or 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 bums
<br />secured by this Security Instrument. However, this option shall not be exercised by lender if exercise is prohibited by
<br />federal law ac of the date of this Security Instrument.
<br />if Lender exercises this option. Lender shall give Borrower notice of acceleration. 'The notice shall pro~ ide a period
<br />of nrif Im,. Min YAr)rr}cfrom the ets.te the_ noitckr ic delivered or tti:ulrei within whu-h llnrntwer mim pay all mimsretired by
<br />this Secunty Instrument. If ilorrowcr fails to pay these sums prior to the expiration of this period. lender may imokc any
<br />remedies permitted by this Seo:uriiy Instrument without further notice ardeniand on Borrower.
<br />18. Borrower's RipJit to Reinstate. If Burrower meets cert.trn condmom. Borrower shall ha%c the right its hi-.c
<br />enforcem.nt of this Securtty Instrument discontinued at any time prior to the carper f +f (a) 5 day's h or such other perititt a%
<br />applicable la% may specify for reinstatement) hefure sale 4 the Prop €sty pursuant it:, a►tt poser of sale contained in 1111~
<br />Sccunty Instrument, or (h)eritry of aludlement enfrrcing this Security Instrument 1 horse condillons arc ilmat Hnrtt,wcr
<br />(a) pays Laider all sutim whteh then %vuld he clue under this Sct.urtt., In%irumcnt and the %t,tc hod no :u:uletdet,at
<br />occurred, (b) cures any default of" any other co:enantc or agrcementi, fc/ pays all cApz rise, incurred in cnforcinc tht5
<br />Secunt3 Instruniew, including. but not limited r,,, reasonable fees. .Ind +tt) TAo. i ender m;ov
<br />reas "na1% require its a,�a11rc that the lien of thus Set unt) Imtruntent. i cr- d%:r'v rt,_t11, in tl c l'r,,ltcrty at,.I (t:,rtot«? r ,
<br />4hg4tt„ n it, pay the sum. 4: ,red lty tht% S_:ura} lw.tnnicia 01.1ii .:: •r!tinix Pita hi,
<br />ltr,rto:ort, thn 4.,unity (i,Nrunttii' cwt Ehc t,P,hf!dhnti. tii`cutLd t:crebv 01.11l :: n!.t;n *_Il:. "r, 'r.r a4 4 ri...t,, el:•r_,t1011 h.,.t
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