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<br />gga, 105051
<br />�• If Lender required mortgage inswance as a condition of making the loan secured by this Security Instrument,
<br />Borrower sfrall-pay the premium#. required to maintain the insurance in effect until such time as the requirement for the
<br />insurance termbistes in accordance with Borrower's and LetWer's written agreement or applicable law.
<br />I .- tendeur izaawt may rmkerea mole entries upon and inspections of the Prcperty__Lender
<br />sfiv Borrower notice at the time ofor prior loan inspection specifying reasonable causer Tie ih*cfion.
<br />!.. Co dEmostien. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any coedannation 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 9iy: ifiis Security Instrumintt shall be reduced by
<br />the simewrtt of the proceeds multiplied by ttte following fraction: (a) the: rr ai. amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property iniiiiedilitely before the taking. Any behince shall be
<br />paid to Borrower.
<br />{ ' . If the'Property is abandoned by Borrower, or if, after notice by Leiria cr to Borrower that the condemnor offers to
<br />mke an award or settle a claim fardamages, Borrower fails to respond to tmider within 30 days after the date the notice is
<br />OM 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 nee flu:" due.
<br />Unless Lerida and Borrower othemise agree in writittg.:=y application of proceeds to principal shall not raltimd or
<br />a postpone the due date of the monthly payments referred to in F=*Mmph3,1, and 2 or change the amount of sd& p tyments.
<br />10. Beev wo Not Releaaad; Forbeisraece By Lender. {s a. v'r`afrer. Extension of the time' for piysteent or
<br />1 modification of amortization of the sums secured by this Secptltf,y`Tzzi(msntent granted by Lenditr to any successor in
<br />interest of Borrower shall not operate to release the liability cf i3ar. gyj!;�#aJ$jrrower or Borrowers successors in interest.
<br />Lender shall not be required to commence proceedings agsiiasw: ,x,ay 'sytzressor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secur--O',f;F)ihis security Instrument by reason of any demand made
<br />:b}► the original Borrower or Borrower's successors in interest. Any forbearditee by Lender in exercain *.any right or remedy
<br />'shall trot be a waiver of or preclude the exercise of any right or remedy.
<br />11. Saeayasara and Attttifgaa Bann* Joint anal Several LWWity; Co4iWm The coveiiatttx and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Basr. ri+wer, subject to the provisions
<br />of paragiq.* 17. Borrower's covenants and agreements shall be joint and several, Any BaYTzwer who co-signs this Security
<br />(nstrarnet aibut does neat execute the Note: (a) is cc-signing this Security Instrument oily t.: mrtrtgage, grant and convey
<br />I .9orr. Waees interest in the Property under the terms of this Security instrument, ('ey is act lterennally obligated to pay
<br />�h st:—A secured by this Security Instrument; and (c) agrees that Lender and any other Harrower may agree to extend,
<br />modify. b'rletlh2itr or make any accommodations with regard to the terms of thin Security Instrument or the Note without
<br />that Horiawet's consent.
<br />12. Loo Curses. If the loan secured by this Security Instrument is subject to at low which sets maximum loan
<br />, tMrges. and that law is finally interpreted so that the interest or ether Iran charges collected, ter to be collected in
<br />connection with the ban exceed the permitted limits, then: (a) any such lean charge Shall be ccimcd by the amount
<br />necessar t 46 tseduce the charge to the permitted limit, and (b) any sums+ air :ads collected from Borrower which exceeded
<br />permitted` *Is will be refunded to Borrower. Lender may eltonce t.: make t11it; r fist :d' by reducing the principal owed
<br />tinder the';t'i+Wft or by making a direct payment to Harrower. Its refund reduces principal, the reduction will beu-mL *zed as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Riau. If enactment. c-r expiration of applicable laws has the efleet of
<br />rendering any provision of the Note or this Security Instrument unenfim=ble according to its terms. Lender, at its option,
<br />may requimt i immediate payment in full of all sums se umd by this Socurity Instrument and may rmoke any remedies
<br />option, (ender shulUfr3e the steps a •I s.r'ed in t *c seund paragraph of lx rmitted L ra r a h 19. if Lender exercises this
<br />Oaragraph 17,
<br />'14. NodeeL And r,oii�� to Btirrotvcr pts;vidctl " +trite th,s vurt� insirurueti3' �1;�ru,E'�:>y �x :i by delivering it orbs
<br />retailing it �y first class mail unless applicable law requires use afanother method. Tlb, aMice shall be directed to the
<br />Property tjddiitss or any other address Borrower designattrs h<< notice to Lender. Any i ri ice to Lender shall he given by
<br />first claas:moil io l endci s address stated herein or any tither address Under desigt.,mn,by notice to Borrower. Any notice
<br />provided for in this Stdirlt.y Instrument shall he deemed to have been given (i ),13otrr,•W;, •r or Lender when given as provided
<br />in this paragraph.
<br />emit Ltw; Setaerability. This Security Irestturncnt shall use govcrni.d by federal law and the law of the
<br />'i jurisdictioh¢'i�which the Property is located. in the event t}xtt any provision or rlact: }�;f .this Security Instrument or the
<br />Note corn .-Cs with applicable law. such conflict shall not aflfut other pro'-wWom of tbnt,S ^urity Instrument air the Note
<br />..which can be given'effect.without the conflicting provision To this end the provisions of'this• 41cemivy- Instrument and the
<br />Mme are declared to best vurable.
<br />16, Borrowtes Coy. Bcmower shall be given one conformed copy of the Norte, r r .i' +;f Ili; Security Instrument.
<br />17. Trrinater of the Property or a Beeefitid interest in Borrower. If all or of the Property or any
<br />interest unit is sold or transferred (or if beneficial interest in lkwrower is sold or transferred are" Iforrower is not a natural
<br />person) without Lender's prior written consent. Lender irtay, 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 peritid
<br />of not less than 30 days from the date the nutice isdelivered or mailed within which Borrower must pay all cum4 secured by
<br />this Security Instrument. I1f Borrower fails tv pay these sums prior to the expiration of this period, lender may invoke any
<br />remedies permitted by this Security Instrument withoui further notice or demand nn Borrower.
<br />is 5vnvwetrss fiifgwf to i"rd=tatr. if hoar- er meets certain conditions, hnrrower shall haw the right to bare
<br />enforcement of this Security Instrunieni disc +mtinued at any tinge prior to the earlier of (a) 5 days (or such other pentad as
<br />' applicable law may specify for reinstatement ) before vale of the Property pursuant to any power of sate Contained in this
<br />Security Instrument, or (b) entry of a judgment enforcing this Security instrument. Those conditions art- that ikarnmcr
<br />(a) pays. Lender all suers which their would k- due under thr. Sccunty Instrument and the Mote had no acceleration
<br />occurred. IN cures any default of any oilier unettanta ur agreentenrs: (c) pays all expenses incurred in cnforcinF; this
<br />Security Inotutnerit. including. but nut bntried Wk. reasonable attorneys' fees, and (do takes such sedan as 1 gutter may
<br />reasonably reti�_,re to .isiu:e that the pert of this SecuntV Inururnew, I crider', rights in the Prorcm and Horr,,wcr•",
<br />obligovin v, pay thr --uiris tieCtJrcd by thi i ` rcurity histrument sltali continw- unchanged t'pim rt- instAtement fig
<br />iitotrower. this SeLtint) lnwtitirnent and the obligatvira•.seunred herchy ~hall rctnarri fuity effertiic a'.1ftil: acccler;ition 11:1at
<br />t•Ecurred H1aWcECr.thivrigfitt organs tatesh all tint apply intf- CultcICICEcicr l., :m 17
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