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<br />i.o5270
<br />If.•Under required mortgage insurance as a condition of making the loan secured by 'this Securay..'hstrument,
<br />Borrower shall pay the prentiturn required to maintain the insurance in effect until such time as the requiti' 'eat for the
<br />insurance tenwit4tes in sscordance with Borrower's and Lender's written agreement or applicable law.
<br />II. JjmpKtWv. Laider or its. agent may make rtawrtable entries upon and inspections of the Property. Lender
<br />siuth give 1(iorrower notice at �irebare oTor peer to aninspecitan specs yens �euona cause or t terns on.
<br />!. Cam. The procee& of any award or claim for damages, direct or consequential. in -C nnection with
<br />any condemnation or other taking of put of the Property, or for conveyance in lieu of cand uttintii e, are hereby
<br />assigryrd and shall be paid to Leader. :
<br />In the event of a total taking of the Property, the proceeds shajl`be applied to the sume.se ured by this Security
<br />Instrument. whether or not then due, with any excess paid to Borrower. In the event of a p&Wal; taking of the Ptoperty,
<br />unless Borrower need Lender otherwise agree in writing, the sutras 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 takin& divided by (b) the fair market value of the Property immediately before the taking: Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an awbrd :45�0e a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice rs
<br />given. Len dn;t; atOtorized to c cUect and apply the protecch, at its option, either to, regoration or repair of tb, -P'ebperty or;
<br />tothesru x46 etkLtythisSmutn, y .Instrume.t.whetherecwtthendue.
<br />Un%s L aidiiz and Borro�e:r otherwise sgree in w r. :tg, any application of -,t'+z 0eds rup6Mpal shall nut extend oe"
<br />postpone the duedapeof the monthly paymox.6 referred to in paragraphs 1 and 2 or chin'ge Oxaiiri6unt of such paymeuftss. '
<br />IA. Barew(O Not Released; Fadheivinuscie By Leader Not'* Waiver. Extension &thc time for payment cc ,
<br />modifir- ion of ant nization 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 Borrower's, . 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 or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made ,
<br />by the original Borrower or Borrower's sueceiisors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be i waiver of or preclude the exercise of any 6&.. or remedy.
<br />-i B� Sweaar, said Atstigits Bow Joist taad� SeMal lisbillty; Coosigners. The covenants and *,eerrrents of
<br />this SZV Instrument shall bind and berO --the succaprs and assigns of lender and Borrower, subject to 'A* provisions
<br />of paragraph 17. Borrower's covenants and trglrttements shall be joint and several. Any Borrower. R ho co -signs this Security, .
<br />Instrument but does not execute the Note: ta) is co-signing this Security Instrument only to mortgage, grant and con%. y. .
<br />that Borrower's interest in the Property under the terms of this Security instrument; (b) is not personally oblisated to pa j- ,
<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. Loss iCber es. If the loan secured by this Security Instrument is subject to a law which sets maximum Gotctt
<br />chargm 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 limits. then: (a) any such loan charge shall be reduced by #.w amount
<br />nec:essair to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower whic exceeded
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<br />pert i d limits will be refunded to Borrower. Lender may choose to make this refund by reducing the p,.Ancipad ov(t�4
<br />undext4'e Note or by making a direct payment to Borrower_ if a refund rs(luces principal, the reduction will be treated airn:
<br />parti,itl} repayment without any prepaymentrdiarge under the Note.
<br />1<$. I�tlatdon Affecting Leader's Rights. If enactment of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenfo�ceAt,;:, w i:txtalit, g to its terms. Lender. at its option,
<br />may require immediate payment in full of all sums secured by this Sknk.nty tr.s.Xr. ment and may invoke any remedies
<br />permitted by par*wph 19. If lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delis e-ring it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be %firveted to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice iii Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address. Under designates by neiii:e4js Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been nvvn to Borrower or Lender when given as provided
<br />in thi.ipgragraph.
<br />13. Governing Law; Se•erability. This Security Instrument shall be gc%.med by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clx,.se of this Security Instrument or the
<br />Note conflicts with applicable law. such conflict shall not affect other jrovisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. To this ead the provisions of this S%urity Instrument and the
<br />Note are declared to be severable.
<br />It3, Borroviret's Copy. Borrower shall be given one conformed copy of thc'�ote and of this Secur- t: fi Instrument.
<br />Trattaber or the Property or a Besefieial Interest in Harrower. if al! or any past of the Property or any
<br />inttrc�t in it is sell tar transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />perum'b without Lmu:ler's prior written consent, Lender may. at its option, rcquir.c immediate 1 Tiyment in full of all sums
<br />secur(:d by this Security Instrument. HutvcnttiT, this option shall not he exercised; t;g: Lenderr f exercise is prohibited by
<br />fee rvililywasofthedateofthisSecurityInstrument.
<br />'•If under exercises this option, I,e -4cr shall give Borrower notice of acceleratron.1he notice shall provide a period
<br />(Anot less than 30 days from the date the m -aiiat is delivered or mailed within which borrower must pay all sums secured by
<br />this Security instrument. If Borrower fails, tv pray these sums prior to the expiration of this perita3. lender may invoke any
<br />remedies permitted by this Security Instrument without further notice ur demand on Borrower.
<br />M Notin—mct'e Rig: to &L-=ft. If fLurrower meets: lion owcr shall barc the right sc Rare
<br />enforcement of thtc Security instrument discontinued at any time prwr to the earlier of: (a) 4 days (or such other ise rtixl as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained nr tht%
<br />Security Instrurnesit: or (b) entry of a judgment enforcing this Securtt; Instrument. those conditions are that Horrower-
<br />(a) pay#, lender all %uma which then would be due under thrs Security instrument and the 'Vote had no acceleration
<br />occurred- (b) cures any default (if any other covenants or agreements: fc) pays all eepen5es trtcutred m enforcing this
<br />5ecurtl1 Instrument, tncludmg. but not limited to, reasonable attorneys' fees, and (d) takes ketch aawn aid; t under may
<br />reasonably reyutre tr, assute that the lien of this Security Instrument. [.ender'% rights to ;hc l'r:rpert% and lhirmcvci c
<br />obltgatt0,n to pay the suns% wt:ufcd by this Stturtty In %truinent Shall i-e.tttttwu unchanped 1""m rettt%t_ttco ;cut t,v
<br />lustre, wear, tfinSc: urttS Instrument and theubitgattonsscLuredhcreh -�Oi allied ?:ltft Nil' cfrC1(1VCa1.dtti a.ccle1st!(111h.0
<br />E-Cturtcu Hnwetier. the. right its reuntate shall nl :tap®ly it, the- a4<<•t :t :tcicte► :ettndcr�.r. : ;�..ph�11,•t t'
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