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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 as the requirement for the
<br />insurance terminates in accordance with Sotrowees and Lender's written agreement or applicable law.
<br />L Isepoc ma,, • Lewder oral, ageat may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower noticeat the tone of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Comdessetioa. The proceeds of any award or claim for damage% 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 bakwe shall : c.
<br />l d4t.o Borrower.
<br />If the Property is abaidaried by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />snake an award or settle a: claiaa frrr d'amav,l3orrower fails to respond to lender within 30 days after the date the notice is
<br />given, Lender is authorized to wll vt and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to rbe. sutras secured by this Smiuirj Instrument. whether or not then due.
<br />. Unless Lender and ld'wi -ewer otherwise agree in writing, any appilization of proceeds to principal shall not extend or
<br />VzO47me the due date of the in=Jgy payments referred to in paragraphs I And 2 Or change the amount of such payments.
<br />10. Boerewer Not IIRdewvL- 1Fealtaet aoce By Leader Not a Waiver. Extension oil the time for payment or
<br />tar cation of &Mortization of iJte :,nfmt; wn"amd by this Security Instrument granted by Lender to any successor in
<br />far etst of Borrvraer shall! mot: apexate tArrdka=the liability of the oripnal Borrower or Borrower's successors in interest.
<br />Gander shall not be requirW sir ==cmv proceedings against any successor in interest or refuse to extents time for
<br />,pa,anent or otherwise modi{y(:ti7sxmarsition otthe sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or )6=mtWs successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or prec u44 the exercise of any right or remedy.
<br />11. Suc'eesem avid Assigns Band: Joint and Several Liability; Co-signers. The covenants and agreements of
<br />this Security Instrument shall lrf'v2d and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's taf>+-c cants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />Instrument 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 Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any ether Borrower may agree to extend.
<br />modify, forbear or make any accommodations with regard to the terms of this Seemity lastrument or the Note without
<br />that Borrower's consent.
<br />12. Loa Charges. Mite loan secured by this Security Instrument is sulrjc,4 to a law which sets maximum loan
<br />charges, and that law is fin&!interpreted so that the interest or other loan CMW:s collected or to be collected in
<br />connection with the loan exebed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />r==ar; to :cdu= the charge to the permitted limit.; and (b) any Suns already n-nUmted from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by makings, direct payment to Borrower. If a refund reduces principal. the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legishtioo Afllferdim Larder's Rights. O enactment or expfmtifan, 'af applicable laws has the effect of
<br />rem5ning any provision a tl cNcte or this Security Inst m -tent unenforceable acc' `cv+iri$ to its terms., lender, at its option,
<br />mare' require imved are F4=Mt: in full of CR 'sums secured by this Secuni ty instrument and styli uzvoke any remedies
<br />pwmitted by V=p- * 3.71=. der exer cats Cris optiam Lender si di' t ak': the steps specified in the r,=ad paragraph of
<br />;mmgraph 17.
<br />14. Notices. Any nadca to Borrower provided .fm ram *is Sez, n Instrument shall be given by deliverrs it or by
<br />mailing it by first class mad'=ress applicable law requires use of •an:rhir method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by norace ca, Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Hier designates by notice to Sarrower. Any notice
<br />provided 'for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Grgierning Law; Sieaerability. This Security Instrument shall be govern W- by federal taw and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause cf this Security lnstn=ent or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security lim- n -sment or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Sec 6.y. )instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's :. Borrower shall be given, amt conformed copy of tt?e lute and of tkis Security Instrument.
<br />17. Traneer mf tit& L9 operty or a Beneficial lsw�w in Borrower. 11 iii pie any part of the Property or any
<br />interest in it is sold ar tra.msir Ted (or if a beneficial interest in Borrower i s.seld or nrmimferred and Harrower is not a natural
<br />person) without: Latde s-,prior written consent, Lender may, at its apuTm.. req{mie rmmediate pa:yineni in full of all sums
<br />secured by this Security- Lxsrrument. However, this option shall not' Ise exercised 17g )vender if e:ta.se 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 accelerttioir. The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Burrower 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 or demand on Borrower.
<br />19. Blorrowees Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement ofthis Security Instrument discontinued at any time prior 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- Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements: (c) pays all expenses incurred in enforcing this
<br />Security Instrument. including, but not limited to, reasonable attorneys' fees. and (d) takes such action as Lender may
<br />reasonably require to assure that the lien of this Security Instrument. Lender's rights in the Property and Borrower's
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by
<br />Borrower. this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17.
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