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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument.
<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 />t. Inspection. Lender 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 />a. Condemnation. The proceeds of any award or claim for damages, director consequential, in connection with
<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 Properly. 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 amount of the proceeds multiplied by the following traction: (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 Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make, L award or settle a claim 1 11 damages. apply he geoceeds at its option. either t within
<br />aeon orlrepaiirr of theProperty or
<br />given,Lende isaiithorizedtocollectandappy
<br />to the sums secured by this Security Instrument. %vhelher or not then due.
<br />Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shalt riot extend or
<br />postpone the due date of the monthly paymentsreferre `��'aragraapwdvid2Extensiontc1 the time for payment or
<br />10. 9orrower Hal Released; Forbearance By
<br />modification of amortiYaiion of the Sums secured by this Security Instrument granted by Lender to any successor In
<br />interest of Bol ruw'er shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shalt nv1 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
<br />made by the original Borrower or Borrower's successors in Interest. Any forbearance by Louder in exercising any rightor
<br />remedy shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Sueessorsand Assigns Bound; Joint anit Several Liability; Co- signers. The covenants and agreementsof this
<br />Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to 1 he provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several Any borrower who co -signs this
<br />Security instrument but does not execute the Note: la) is co- signing t ills Security Instrument only 10 mortgage, grant and
<br />convey that Borrower's interest in the Property under the terms of this Security Instrument. (b) is not personally obligated
<br />to pay the sums sucuitrd by this Security Instrument: and (r.1 agrees that Lender and any other Borrower may agree to
<br />extend. modify. forbear or make any accommodations with regard to the terms of this Security Instrument or the Note
<br />without that Borrower's consent
<br />12. Loan Charges. If the loan secured by this Security Instrument 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 prrmitted limits. Cher Cal any such loan charge shill be reduced by the amount
<br />necessary to reduce the charge to the permitted l,m it: and (b) any sums already collected f rein Borrower which exceeded
<br />permitted limits will be refunded to Borrower L, 'nner may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower ll a refund reduces principal, the reduction will belreated as a
<br />partial prepayment without any prepayment charge under the Note
<br />13. Legislation Affecting Lendar's Rights. It enactment or expiration of applicable laws has the effect of renderin (I
<br />any provision of the Note or this Si..curdy Instrument tinenforceante according to its terms. Lender. at its option. may
<br />require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies permitted
<br />by paragraph 19 If Lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 17
<br />14. Notlees. Any notice to got rower provided for in INS Security Instrument shill tie given by delivering it or by
<br />mailing it by first class mail unless aoplicable law requires use of another method The colice shall he directed to Cite
<br />Property Address or any other addre,s Borrower designates by notice to Lender Any notice to Lender shall be given by
<br />first class mail to lender's address stated herein or any other address Lender designates by notice to Borrower Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when guvenas provided
<br />in this iaaragraph
<br />15. Goveming Law; Sevarabiwy. This Security Instrument shall be governed by tecteral law and the law o11he
<br />iurisdicl on in which the Property is located In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law. such conflict shall not affect other provisions of this SPcunty Instrument or the Note
<br />which can be given effect without theconflicting provision To this end the provisions Of this Security instrument and the
<br />Note are declared to be severable
<br />to. Borrower's Copy. Borr(,wr:r shall be given one conformed copy of the Note and of this Security Instrument
<br />17. Transfer of the Property era Beneficial Interest in Borrower. 11 ,111 i)r any part : ' ire Property or any interest in
<br />it is sold or transferred (or d a beneficial interest in Borrower is sold or transferred and meet fuis �o0 ss natural person) n)
<br />without Lender's prior written consent. Lender May at its option. require imi^ ?y ;qtr pay by
<br />this Security Instrument However. this option shall not he exercised hyLend%- i, ex ercise is prohibited byIederat law asof
<br />the date of this Security Instrument
<br />notice ol
<br />11 Lender exercises this opt ion Lends-steal: give
<br />Bor- ;�i�r��•ac•celeiation The notice shallprovideaperind
<br />of not ass than 30 days from the d v:,, -n-e nc lice is hcl'vere`. m:;. ad within which Borrower must pay all sums secureo
<br />this : ecurity Instrument If Borrow,?, tads to pay these sums 1•r..)r to the eiipi ration of this period. Lender may invokedr''v
<br />remedies permdtie•.t ry this SeLUr ity Instrume vvrtnout further notice or ion,and on Borrower
<br />1a. BorrowePs Right to R@In1tate. if lorrower meets ce •lain ct- ditians Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at anv time prior to the earlier of la) 5 days (or such other period as
<br />n_..... .... ...e..nnr t,n any nnwor of sale contained on this
<br />appi4z able law may specify tar reensiatemenn oeuvre yn;, 01 ..c , . Grp• • r r -• • -•-•• - _ •
<br />5'ectivi':Y instrument. or(b) entry Of a judgment enforcing this Security Instrument Thoso conditions arc, that Borrower (a)
<br />pays Lender all sums which then would be due under this Soc:unly Instrument and the Note had no acceleration occurred
<br />(b) Cures Any default any otter covenants or agreements. (c) pays sit expenses incurred in :•nforcmg this Security
<br />Instrument. Including- but not limited to. reasonable attorneys' fees. and (d) takes such action as Lender may reasonably
<br />require to assure that the lien of this Security lnstrument Lender's tights in the Property and Borrower s obligation topay
<br />the sums secured by this Security instrument shall continue unchanged Upon reinstatement by Borrower. this Sec c.rily
<br />Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had occurred Huwevc r
<br />this right to reinstate shall not apply in the case of acceleration under pa•agraphs 13 or 17
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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument.
<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 />t. Inspection. Lender 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 />a. Condemnation. The proceeds of any award or claim for damages, director consequential, in connection with
<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 Properly. 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 amount of the proceeds multiplied by the following traction: (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 Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make, L award or settle a claim 1 11 damages. apply he geoceeds at its option. either t within
<br />aeon orlrepaiirr of theProperty or
<br />given,Lende isaiithorizedtocollectandappy
<br />to the sums secured by this Security Instrument. %vhelher or not then due.
<br />Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shalt riot extend or
<br />postpone the due date of the monthly paymentsreferre `��'aragraapwdvid2Extensiontc1 the time for payment or
<br />10. 9orrower Hal Released; Forbearance By
<br />modification of amortiYaiion of the Sums secured by this Security Instrument granted by Lender to any successor In
<br />interest of Bol ruw'er shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shalt nv1 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
<br />made by the original Borrower or Borrower's successors in Interest. Any forbearance by Louder in exercising any rightor
<br />remedy shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Sueessorsand Assigns Bound; Joint anit Several Liability; Co- signers. The covenants and agreementsof this
<br />Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to 1 he provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several Any borrower who co -signs this
<br />Security instrument but does not execute the Note: la) is co- signing t ills Security Instrument only 10 mortgage, grant and
<br />convey that Borrower's interest in the Property under the terms of this Security Instrument. (b) is not personally obligated
<br />to pay the sums sucuitrd by this Security Instrument: and (r.1 agrees that Lender and any other Borrower may agree to
<br />extend. modify. forbear or make any accommodations with regard to the terms of this Security Instrument or the Note
<br />without that Borrower's consent
<br />12. Loan Charges. If the loan secured by this Security Instrument 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 prrmitted limits. Cher Cal any such loan charge shill be reduced by the amount
<br />necessary to reduce the charge to the permitted l,m it: and (b) any sums already collected f rein Borrower which exceeded
<br />permitted limits will be refunded to Borrower L, 'nner may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower ll a refund reduces principal, the reduction will belreated as a
<br />partial prepayment without any prepayment charge under the Note
<br />13. Legislation Affecting Lendar's Rights. It enactment or expiration of applicable laws has the effect of renderin (I
<br />any provision of the Note or this Si..curdy Instrument tinenforceante according to its terms. Lender. at its option. may
<br />require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies permitted
<br />by paragraph 19 If Lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 17
<br />14. Notlees. Any notice to got rower provided for in INS Security Instrument shill tie given by delivering it or by
<br />mailing it by first class mail unless aoplicable law requires use of another method The colice shall he directed to Cite
<br />Property Address or any other addre,s Borrower designates by notice to Lender Any notice to Lender shall be given by
<br />first class mail to lender's address stated herein or any other address Lender designates by notice to Borrower Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when guvenas provided
<br />in this iaaragraph
<br />15. Goveming Law; Sevarabiwy. This Security Instrument shall be governed by tecteral law and the law o11he
<br />iurisdicl on in which the Property is located In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law. such conflict shall not affect other provisions of this SPcunty Instrument or the Note
<br />which can be given effect without theconflicting provision To this end the provisions Of this Security instrument and the
<br />Note are declared to be severable
<br />to. Borrower's Copy. Borr(,wr:r shall be given one conformed copy of the Note and of this Security Instrument
<br />17. Transfer of the Property era Beneficial Interest in Borrower. 11 ,111 i)r any part : ' ire Property or any interest in
<br />it is sold or transferred (or d a beneficial interest in Borrower is sold or transferred and meet fuis �o0 ss natural person) n)
<br />without Lender's prior written consent. Lender May at its option. require imi^ ?y ;qtr pay by
<br />this Security Instrument However. this option shall not he exercised hyLend%- i, ex ercise is prohibited byIederat law asof
<br />the date of this Security Instrument
<br />notice ol
<br />11 Lender exercises this opt ion Lends-steal: give
<br />Bor- ;�i�r��•ac•celeiation The notice shallprovideaperind
<br />of not ass than 30 days from the d v:,, -n-e nc lice is hcl'vere`. m:;. ad within which Borrower must pay all sums secureo
<br />this : ecurity Instrument If Borrow,?, tads to pay these sums 1•r..)r to the eiipi ration of this period. Lender may invokedr''v
<br />remedies permdtie•.t ry this SeLUr ity Instrume vvrtnout further notice or ion,and on Borrower
<br />1a. BorrowePs Right to R@In1tate. if lorrower meets ce •lain ct- ditians Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at anv time prior to the earlier of la) 5 days (or such other period as
<br />n_..... .... ...e..nnr t,n any nnwor of sale contained on this
<br />appi4z able law may specify tar reensiatemenn oeuvre yn;, 01 ..c , . Grp• • r r -• • -•-•• - _ •
<br />5'ectivi':Y instrument. or(b) entry Of a judgment enforcing this Security Instrument Thoso conditions arc, that Borrower (a)
<br />pays Lender all sums which then would be due under this Soc:unly Instrument and the Note had no acceleration occurred
<br />(b) Cures Any default any otter covenants or agreements. (c) pays sit expenses incurred in :•nforcmg this Security
<br />Instrument. Including- but not limited to. reasonable attorneys' fees. and (d) takes such action as Lender may reasonably
<br />require to assure that the lien of this Security lnstrument Lender's tights in the Property and Borrower s obligation topay
<br />the sums secured by this Security instrument shall continue unchanged Upon reinstatement by Borrower. this Sec c.rily
<br />Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had occurred Huwevc r
<br />this right to reinstate shall not apply in the case of acceleration under pa•agraphs 13 or 17
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