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<br />If Lender Lender required mortgage ituttzance as a condition of making the loan secured by this Security Instrument.
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<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 Borrower's and Lender's written agreement or applicable law.
<br />S. Inspection. Leader or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Coadeaaation. The proceeds of any award or claim for damages. direct or consequential, in connection with
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<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 amuunt 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 Bo=wer.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower 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 thedjtr_ the notice is
<br />given, Lender is authorized to collect and apply the proceeds. at its option, either to restoration or repair dFlh a Froperty or
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Unless lender and Borrow= otherwise agree in writing. any application of proceeds to principal shall not extra sl or
<br />postpone the due date af date monthly payments referred to in paragraphs t and 2 or change the amount e6 such payments.
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<br />10. Bortvnmx %m Released; Forbearance By Lender Not a Waiver. Extension of the t we Cor payment or
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<br />modificatiasn. of =,ar xvaw-n of the sums secured by this Security Instrument granted by Lwder to + m successor in
<br />interest or, M mm.m w -6a not operate to release the liability of the original Borrower or Oorm caper`s successors in interest.
<br />Lender sihrll: mot, ire ri.1uired to commence proceedings against any successor in interest or J.-efuse to extend time for
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<br />payment v! s -g.ly' x- w-- tsr,ss Afy amortization of the sums secured by this Security Instrument k,,w reason of atty: demand mWe
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<br />by the onginat &- nrmiveror Borrower's successors in interest. Any forbearance by Lender in exercising amy tight or remedy
<br />shall not be a waiverofar preclude the exercise of any right or remedy.
<br />11.. $uceemrs and Assigns Bound; Joint and Several Liability, Cosigners. The covenants and. agreements of
<br />this Sep uer l: Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of pavagtaph 17. Borrower's covenants and agreements shall bejk i,mt and several. Any Borrower who co-signs this Security
<br />Instrument but does no- execute the Note: (a) is oa4Wing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's inteeJ,m: Sn the Property under the cants of this Security lasso rr�ment; (b) is not personally obligated to pay
<br />the sums secured by Oxis'Smurity Instrument; an3 (c) agrees t[vat C endr� � any other Borrower may agree to extend,
<br />modify, forbear or rrcmlce my acvammodations with regard to the terms of phis Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charmes, IC dCae Roam secured by this Security: Unstrument is subject to a few which sets maximum lctxrn
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<br />charges, and that law is finsCly iryerpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the 10m exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
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<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected 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 making a dime :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 />I& Legislator erecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provisitax rft rise Note or this Security Instrument unenforceable according to its terms, Lender, at its option.
<br />may require immediate pk- mi-mt a* full of all sums secured by this Security Instrument and may inwefce any remedies
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<br />Pew ittet by paragraph 19. IT Leader exercises this option, Lender shall take the steps specified in the second paragraph ot!
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<br />psrrr: 17.
<br />14. Notices. Any far, l= na• 5orrower rrasided for in this Security lastrument shall taegiven l y d'efiNering it or ire
<br />mailing it by first cuss avail unless applicable ear requires use of another ml:thod. The notice shall'be .directed to t�-z
<br />Property Address or any other address Borrower diesignates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein it ary other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to hate been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. GovermiaLr 11.aw; Severability. Tuts Swurity Instrument shall' be governed by federal law and the law of zkc
<br />jurisdiction in which thse 7roperty is located.; Ida zhe event that any provisifirr -o; clause of this Security Instrument or the
<br />Note conflicts with applicable law+ such con&a shall not affect other proi. isiacs of this Security Instrument or the tiara .
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<br />which can be given ef&e t withour dze om lictirg pmxision. To this end the provisions of i'hr* Security Instrument and adieu
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall 6e g—twm onedonformed cod . Etrte Nore:tnct of this Security lnstrticrseam,
<br />17. Transfer ar tae Property or a Benek cIg interest in Borrower... tf all or any part of the Property or any
<br />interest in it is sold or ecsasferred (or if a beneficial interest in Borrower is t -old or transferred and Borrower J_h not a natural
<br />person) without Lender's prior written consent. Lender may. at its option., rr i&tre immediate payment: fir, Eult of all sums
<br />secured by this Security Instrument. However. this option shalt not be excivised by Lender if exercise is prahi6iac d bw•
<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,praqTd:e a pentad
<br />of not less than 30days.from the date the notice is delivered or mailed within v, hich Borrower must pay all sums sev-w edlby
<br />this Security instrurnoit. If Borrower fails to pay these sums prior to the expiration of this period. Lender may in%oke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />IS. Borrower's Right to Reinstate. if Borrower meets certain conditions. Borrower shall have the right to have
<br />enforcement of this 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 a!i 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 attorney's' fees: and (d) takes such action as Lender may
<br />reasonably require to assure that the lien of this Security Instrument. Lender's rights to 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 Secunty Instrument and the obligations secured hereby shall remain fully effectiv a as if no acceleration had
<br />occurred. However. this right to reinstate shall not apply in the case of acceleration under paragraphs 1 ? or i 7
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