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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 la-v.
<br />8, Inspection. Lender or its agent may make reasonable entries upon and inspections of tht Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Coadetainflon. 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 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 by this Security Instrument shall be reduced by
<br />flee amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />Wore 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 an award or settle a ellatm for damages. Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized as 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 than due.
<br />Unless Lender and Por,mim otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone tbt due date of the monthly payments referred to in paragraphs i and 2 or change the amount of such payments.
<br />10. Dawower Not Relleawd-. Forbcatsnce By Lendee No a Waiver. Extension of the time for payment or
<br />modification of amortization 4 the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall Trot opmie 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 modiuy ainortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers, The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's 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. Loan Charges. If the loan secured by this Security Instrument is sut•re;t to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan vNarges 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 the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without uny prepayment charge under the Note.
<br />13. Leglslatioa Affecting Leader's Rights. I enactment or cxpirauota of applicabk laws has the effect of
<br />rendering an} provision of the Note or this Security instrument unenforceable according to its to -ms. Lender, at its option,
<br />may require irrimedime payment in full of all sums secured by this Security Instrument and anay invoke any remedies
<br />permitted by paragraph Iq. 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 delivering it or by
<br />mailing it by first class maid unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any othe. address 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 Tr Borrower. Any notice
<br />provided for in this Security Instrument shall he deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall be got erned by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this 4.urity Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions 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 be soy enable.
<br />16. Bwwwer s Cnpy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. TransVer off the Property or a Beneficial Interest io Ik+•renMCr. 1.' all car 3111 Tart of the Property or any
<br />interest in at es said or esansferred (ur if a beneficial interim in Borr;.-we. is seCd of transferred ;canal Borrower is not a natural
<br />person) witho .: Lender's prior written consent. Lender may, at its r ^ -:rn, requt."e inmediaty pa } orient in full of all sums
<br />secured by this Securry Unstrument. However. this option shall not be exercised t'y Len(der if exercise is prohibited by
<br />federal law as of the date of this Securit Instrument.
<br />If Lender exercises this option. Lender shall gise Itnrrower notice of accelecazw •n. The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. if Borrower fails to p:iy these sums prior ro the expiration of this permd. Lender may invoke any
<br />remedies permiuedm raismuniy in.irumeni wiiiwui,uiinii �.•�.,.t... • •••
<br />18. Borrower's alight to Reinstate. If Burrower meets certain condtitons.. Fin rrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the eirlier of: ta) S day's (or such airher pencil as
<br />applicable law may specify for reinstatement) hefore sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument: or (h) entry of a judgment enforcing this Security instrument Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would he due under this Security instrument and the Note had no acceleration
<br />occurred. (b) cures any default of any other covenants or agreements; (c) pals Al expenw•s incurred in enforcing this
<br />Security Instrument, including, but not limited to. reasonable attorneys' fees: and Id) takes such action as Lender may
<br />reasonably require to assure that the hen of this Security Instrument. Lender's rights in the Property and Borrower's
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by
<br />Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 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 la-v.
<br />8, Inspection. Lender or its agent may make reasonable entries upon and inspections of tht Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Coadetainflon. 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 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 by this Security Instrument shall be reduced by
<br />flee amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />Wore 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 an award or settle a ellatm for damages. Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized as 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 than due.
<br />Unless Lender and Por,mim otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone tbt due date of the monthly payments referred to in paragraphs i and 2 or change the amount of such payments.
<br />10. Dawower Not Relleawd-. Forbcatsnce By Lendee No a Waiver. Extension of the time for payment or
<br />modification of amortization 4 the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall Trot opmie 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 modiuy ainortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers, The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's 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. Loan Charges. If the loan secured by this Security Instrument is sut•re;t to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan vNarges 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 the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without uny prepayment charge under the Note.
<br />13. Leglslatioa Affecting Leader's Rights. I enactment or cxpirauota of applicabk laws has the effect of
<br />rendering an} provision of the Note or this Security instrument unenforceable according to its to -ms. Lender, at its option,
<br />may require irrimedime payment in full of all sums secured by this Security Instrument and anay invoke any remedies
<br />permitted by paragraph Iq. 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 delivering it or by
<br />mailing it by first class maid unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any othe. address 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 Tr Borrower. Any notice
<br />provided for in this Security Instrument shall he deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall be got erned by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this 4.urity Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions 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 be soy enable.
<br />16. Bwwwer s Cnpy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. TransVer off the Property or a Beneficial Interest io Ik+•renMCr. 1.' all car 3111 Tart of the Property or any
<br />interest in at es said or esansferred (ur if a beneficial interim in Borr;.-we. is seCd of transferred ;canal Borrower is not a natural
<br />person) witho .: Lender's prior written consent. Lender may, at its r ^ -:rn, requt."e inmediaty pa } orient in full of all sums
<br />secured by this Securry Unstrument. However. this option shall not be exercised t'y Len(der if exercise is prohibited by
<br />federal law as of the date of this Securit Instrument.
<br />If Lender exercises this option. Lender shall gise Itnrrower notice of accelecazw •n. The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. if Borrower fails to p:iy these sums prior ro the expiration of this permd. Lender may invoke any
<br />remedies permiuedm raismuniy in.irumeni wiiiwui,uiinii �.•�.,.t... • •••
<br />18. Borrower's alight to Reinstate. If Burrower meets certain condtitons.. Fin rrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the eirlier of: ta) S day's (or such airher pencil as
<br />applicable law may specify for reinstatement) hefore sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument: or (h) entry of a judgment enforcing this Security instrument Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would he due under this Security instrument and the Note had no acceleration
<br />occurred. (b) cures any default of any other covenants or agreements; (c) pals Al expenw•s incurred in enforcing this
<br />Security Instrument, including, but not limited to. reasonable attorneys' fees: and Id) takes such action as Lender may
<br />reasonably require to assure that the hen of this Security Instrument. Lender's rights in the Property and Borrower's
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by
<br />Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17.
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