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<br />if l eri(k . requited rnorWp Wurame, as a condition of mahinig the tan secured by this Security Instrument,
<br />Borrower %WI -pity the pctsttitmts MCI= d to maintain the hisutanc+e in effect until such time as the requirement for the
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<br />iftasn e,Ftenvt mein. itlwwrdancewithamo' we!ls mwLmw- i- Wdttenaaccmmtorappabklaw, _-
<br />L Inweedsia. Lender a its mgeat t>say ntiice reaaoaalip entries upon and inspections of the Property. Lender
<br />siWi give Borrower notice at the time ofor prior to an inspection spe ifying reasonable cause for tlx: inspection.
<br />--9. Caailawssllaee The-procced=d -any award or claim fa-dankages,direct orconsequentiali in connection with -
<br />my coidamemion or other taking of any part of the Property. or for conveyance in lieu of condemnation, are hereby'
<br />maagried mind sitald be paid to sender.
<br />-In the event of a total taking of the Property. the piomeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess piiiit ;tn:Borrower In the event of a partial taking of the Property,
<br />wtlem adrrower and Lender otherwise agree in writh% At vWns secured by this Security instrument shall be reduced by
<br />the ammat "of the proceeds multiplied by the following frac ti: (a) the total amount of the stuns secured immediately
<br />befon the tain& divided by (b) the Wt market value of ther,VhVerty immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoixid a �oxrq c�. or if, after notice by E,igider to Borrower that the condemnor offers ter"
<br />make an award orsettle a claim far t wrer fails to respond te�"nder within 30 days after the date the notice is
<br />given. Leader is authorized to � ` ise proceeds, at its option; eit$er to resftsrstian or repair of the Propertq tx
<br />to the sums secured by this Se ctiiytjc. t� iniieitt whether or not then due. f
<br />Unless Lender and Borrower^ ii'ireriieist.t►greie in writing, any application of pra.Qrxds to principal shall ndreme ml or
<br />..postpone the due date of the monthly paynueitt" it*. ed to in paragraphs -. t.. usd 2 or change the amount of such.( hymenta. ;
<br />10. awrower fiat Rekmss� F By Leader Not s•1lt�p(sjlt4- `Extension of the time far p yrrieni °iii:'
<br />modification of amortization of the sums secured( by this Saurity Itti triirni "grahtt by Lender to any sutrtxssor in'
<br />interest of Borrower shall not operate to release the liability of thir oriiq ` it.rir8orrower's successors its interest. ;
<br />Lender shall not be required to cottimence proceedings against any s t or refuse to extend time for.
<br />payment or other tvisc.raia+,iify amortization of the sums secured by this 5ijtlijF.istt riireitt by reason of any demand made:
<br />by the original Borrowgarxtt Borrower's successors in interest. Any fo :t: in exercising any right or remedy., .
<br />shall not be a waiver of fir prrxlts tits exercise of any right or remedy. :" "'
<br />I1. Saceem n a" AaaiOtli.l km4 Joint mW Several Lbd.ditl, C6ti�t ni- -..Vie covenants and none 0 ants of ",. `
<br />this Security Instrument shall bird and benefit the successors and assigns of tender, ar4l1u `rower, subject to iltijtrtMsions:
<br />"
<br />ofliaragraph 17, Borrrowees covenants and agreements shall be joint and several, Any Borrower whi u:i -signs thi3Security'•, -: ;:
<br />":'
<br />Instrument but does not execute the Note: (a) is co- signing this Security instrument only to mortgage, giant and convey :. .
<br />that Borrowers 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 instrument or the Note without
<br />that Borrower's consent.
<br />12. Imo Cliarlies. if the loan secured by this Security Instrumt m is subject to a law which sets maximum loan
<br />charges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the permitted limit%, then: (a) any such "loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already cellsrtiuj from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this reiiling:,by reducing the principal owed
<br />under the'►io! .,rrRby making a direct payment to Harrower. Ira refund redu.:t.sc princr�aii,'the rer #tu,>cion will be treated as a
<br />partial pre4p%imnnt without any prepayment charge under the Notes
<br />13,,',,p:,teiltiaatka ARectiag lAmiler's Rights. if enactment or ei1 nation of applicable laws has the.effect of
<br />rendering,att y provision of the Note or this Security Instrument unenforceable according to its terms. Lender. at its option,
<br />may requitt immediate payment in full of all sums secured by this Seckrity Instrument and may invoke any remedies
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<br />permitted by paragrao 149. If Lender exercises this option. Lender shaU.11. ithe steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Nmiees. Any m m;r us itlorrower provided for irsahir. Secrrrtty Snstrument shall be given by deliverin4. it or by
<br />;
<br />mailing it by first class marl untai applicable law requires -ow. of another method. Tile notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice ut Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to liiirrower. Any notice
<br />provided for in thisSaurrtty Instrument shall be deemed to have been givainto Borrower or Lender vdtrn given as provided
<br />in this pairagraph.
<br />IS;. Gotersittg Lair; Seven Wity. This Security Instrument shall be governed by federal law and tlte•law of the
<br />junsdictim in which the Properly is located. In the event thituany provision or clause of this Security Instrument or the
<br />Note conflicts with Applicable law, such conflict shall not alfect other prctt.isions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to beseverable.
<br />1C Borrower's Coq. Borrower shall be given one conformed copy of the Note and of this Security instrument.
<br />17. Tratsder. of the Pn*aty or o Besekid lateral is Bowater. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a bcncfictal interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent, lender Wray, at its option. require inuitediate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall not be exercised by Lender of exercise i% prohibited by
<br />ftedetal law as-of the date cif this Securoy Instrument.
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<br />iI Lender exercises this option, Lender shall give Borrower notice of acceleration. The dunce shall provide a period
<br />of not legs than 30days from the date the notice is delivered or mailed within which lkirrower must pay all sums secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this pentiei. Lender may tnsoke any
<br />j
<br />remind es permitted by This Security Instrument writhm further nonce or demand on horrow er
<br />111. H�arirtrtritr's RlMdit to Reitatatt. If Borrower meets certain conditions, Horrower skull have the right to have
<br />enfurrtmetit of this Smuray Instrument discontinued at anytime prior to the earlier of: (a) 5 days (or such other pertud w.
<br />appiicabk law may specify for reinstatement) before sale of the Property pursuant to any power of We contatntd in flit,.
<br />Security Instrument, tm tlb) entry of•a judgment enforcing this ticcunty limruntent. Those conditioin are that ikrrruMCr
<br />(a) pays Lender all suftis which then would he due under this 5nunty IriNtrunient and the Nutt had no accclriatunt
<br />tticarred. cab► cure, any default of any other covenant% or agreerneni%; (c) rays all ,r.pett+e. ancuirt;d in efifirrcrnit tilt-,
<br />Security in%trunitra. induding. but not litnite'd tit, rcason-ible attommyti fc.:s. and idt take* %ui. it a.:timi its, I cialct may
<br />rC#*0f `AbIY iCt#Uiit' IF) hivntitt (11111 flit Iten iii thm `4r:Unty inorummi, (,alder% nght%i in thr 1''mpa y and horn wmet'%
<br />abligattim It) pity the %U"14% s,exUfW by this Se;unfy instruirtrrrt .hail Continue u11rh3ngcd !'run rrin " ;atcaletif liy
<br />9410%0,111MAr_Urity Itt ,Iftl :!stns and the ublrgatttiti♦ YCUteci hereby shall remain fully C9fecti.e zs if itir at,clerattim bad
<br />rk" -cm-nd 1Lrjcr• et. tits. np.hy to reiawate shaft rtor Apply n) tide caw of .t:ceit:. *311011 U11dCF frcaltraply. I A of 17
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