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<br />R- RECORDED
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<br />If Lender required mortigi& nitwt�sao a a condition of making the ban secured by this Security Instrument,
<br />tt wee shall pay the premiums-required to mainUyn the insurance in effect untirsuch time as the requirement for the
<br />inn tttisit a terminates in urotdance with HorraWiir', :.40 Lender's written agreement or applicable law.
<br />insgectiat. Lender or its agent . rtag_tnfiiit reasonable entries upon itttd inspestiotts -of tM PIovwY -Isnder__
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<br />SMU -Sii,•eRatn +er notice atdie titiie�o or poor [taro inspection specifying reasonable cause for the inspection.
<br />3. Conilin mfloo. The proceeds of any award or claim for damages. direct or consequential, in connection with
<br />any condemnati m or other taking of any pan cif the Property, . gr for convelance in lieu of condemnation. are hereby
<br />assip* 'art sliail.be piid to Lender.
<br />In.1hie-evvit of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security
<br />InstrunlOti rwlfpffier or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unieis Bormii6kiind Lender otherwise agree in writing, the sums secured by this Security Instrument shalt be reduced by
<br />the amatinpAthe'proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taWing. divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paitto Hormwer.
<br />If this Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an aikai pp 4"ettle a claim for damages, Borrower fails to respond to Lender within 30 days after the due the notice is
<br />given, 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 not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by. this Security Instrurhant..granied by Lender to any successor, in
<br />Wie,tst of Borrower shall not operate to release the liability of the original Wr router or Borrower's successors in interest.
<br />L� shall not be required to commence procaed#-Xjx• against any. successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the su=it :ured by hi ;.Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's scr sots in % st. A_ny:t°+�ri�earanee by Lender in exercising any right or remedy
<br />sbaA, not be a uraiver of or preclude the exercise of any.-) m i or remeO.
<br />ii. Strecesaors and Asaigtts Bound; �olrtt anal? 5reireral Liability; Co-sipptittrs.. The covenants arW. agreements of
<br />tbjp; 50.unity Instrument shall bind and benefit the successors and assigns of Ler:Or"' d Borrower. subject to the provisions
<br />d pangraph 17. Borrower's covenants and i i , meets shall be joint and several. i�ny Borrower who co-signs this Security
<br />Instrument but does not execute the Note:: (6) is co-signing this Security Instrument only it t: mortgage, grant and convey
<br />the, Borrower's interest in the Property ufsder the terms of this Security Instrument; (b) is iwt personally obligated tQ play
<br />tht;,.sumi secured by this Security Instrument; and (+r).aerees that Lender and any other Borrower may agree to extent,
<br />tat*jY , forbear or make any accommodations with rt*u;d to the terms of this Security Instrument or the Note without
<br />thrii Borrower's consent.
<br />IL Ltoaa Charges. If the loan secured by this Security Instrument is subject to a. 1,4.1 r,which sets maximum 16n
<br />charges, and that law is finally interpreted so that the interest or other loan charges enllected or to be collected'in
<br />connection with the loan exceed the permitted limits, then: (a) any such lOmM-:Citarge shall be reduced by the amount
<br />neetltssary to reduce the charge to the permitted limit; and (b) any sums alrady c6 ttcted from Borrower which exceeded
<br />pi tkted limits will be refunded to Borrower. Lender may choose to make this` refund b3'.- 'edut-^•S the princip^l owed
<br />usird- •the Note 91, i y making a direct payir a t to Burrower. If a refund reduces principal, t#rreriltJuction will be treated as a
<br />p0ia) prepayr awt without any prepayment charge under the Note.
<br />,13. L+eeg%ition Af giving Lender's Rights. If enactment or expiration of applicable lavys has the effect of
<br />iitmrlering any provision of the Note or this Security In4rument unenforceable according to its terms, IA7.4 r. at its option,
<br />tray require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by putt raph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17. ' , s-.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be givett by delivering it or by
<br />mad pg it by first class mail unless applicable law requires use of another metheA. The notice shall he directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by :
<br />first class mail to Lender's address stated• h><t:eira or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument dtall hedeemed to have been given to Borrower or Lender when given as provided
<br />in,this paragraph.
<br />IS. GovernisgLaw.,.%verability. This Senivity instrument shall be•ttowerned by federal law and. the law of the
<br />luduliction in which the Prone ty is located. In the twv nt that any provision cur clause of this Security,hislr'ument or the
<br />'Nbte conflicts with applicable law, such" conflict shall not affect other provisions of this Security Instriaii' :`eat or the Mute'
<br />which can be given effect without the conflicting provision. To thib.etrd the provisions of this Security hiNtrument and (he
<br />Note are declared to be severable.
<br />16. Borrower's Copyr: Borrower shall be given tine conformed copy of the Note and of this Secitlriey Instrument.
<br />17. Trarder of the Woo" oti a Hese&eial_.laterest is Borrower,, . If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lenders prior written consent, Lender may, 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 t his Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than 38 days from the date the notice is delivered or marled within which iorrower must pay all sums secured by
<br />this Security Instrument. If Borrower fails to pay these sums pnor to the expiration of this peri(A. Lender may invoke any
<br />remedies permitted by this Security instrument without further notice or demand on Borrower
<br />!1l_ !i ►*r4!!•_•'e t? Its i^ F ee. If Bssrresrcr rriccrs cC:tarri crsndiEicziis, t;ar:c wef ,hail have file right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days for such other perrcid as '
<br />applicable lave may s, rcify for reinstatement) before sale of the Property pursuant to any Power of sate contained in this
<br />Security instrument, or (b) entry of a judgment enforcijg this Security im-'rurnent. These conditions are that Borrower
<br />(a) pays Lender a8) sums which then would he due under they Security Instrument and the Note. had no icccleraTum
<br />occurred. M cures any default of any cheer cuvena)tt,% or agreentetrts: (cp pays . it expenses rrtcurred in cnfcrctng this
<br />Security Instrument, including, but not limited tm,Fcssonable attorneys' fees. and (d) taxes suk;h action as Lender may
<br />rea :undbl) regwc aI assure that the lien of this Security instrument, Lender's rights rn the Prt- erty and Kirrou cr's �
<br />oblt taitun tur pay the sum. secured by this Sezurity instrument ihall continue unclrangerd Upon reinstatement h} �
<br />Barfowcr. then Stcu.iry Instrument and the obligations se -:ured hereby shall remain fully effecisve ac if no a�celer3Etea � Id'
<br />(recurred lfoaeser, this right to reins ate shall not apply err il:e of acceltrntfori under t'aragrarlis ; i <•c ;�. � . ,
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