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<br />106913
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<br />If Lender required mortgage insuran as a condition of making the loan secured by this Security Latrisment.
<br />Borrower shag pay the premiums required to maintain the insurance in effect until such time as the requirement for the
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<br />iururance terminate intrasatdattce with Borrower's and Lender's written agreement or applicable law.
<br />S. Ittitt)iaalloa. L ender or its agent trtsy rrtske reasonable entries upon and inspections of the Property. Laider
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<br />oball give Borrowi:r notice at the time of or prior loan inspection specifying reasonable cause for the inspection.
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<br />9. Ceades sastlon. The proceeds of any award or claim for damages, consequential. connection with
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<br />an condemnation or other taking of any part of the Pro conveyance in lieu of condemnation. are hereby
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<br />assigned and shall be d to Lender.
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<br />In the event of a total taking of the P t shall secured Security
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<br />Instntma►t. whether or anon thin due, with any eis�asy' wer n tapplied vent of a the
<br />Prtrtialtakitei Property.
<br />partial
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<br />unless Borrower and Leader otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />immediately
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<br />the atttQUnt of the proceeds md6plied by the following fraction: (a) the total amount of the sums secured
<br />befom the taking. diviided by (b) the fair market value of the Property immediately before the taking. Any balance shal l be
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<br />W ante Property is abandoned by Borrower. or if, after noerce by Lender to Borrower that the Condemnor fifers to
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<br />make am award oa sank a claim for damages, Borrower fails to respond to liertdkr within 3t) days after nisi' ',late the notice is
<br />givea, lj ender is authorized to collect and apply the proceeds. at its option, tiiher to restoration or repair of the Property or
<br />to the suits secured by this Security Instrument, whether or not thin due.
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<br />Urdass Under and Borrower otherwise agree in wridu an application of rocee4ls RO rind I shall not extend or
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<br />postpoae the due date of the monthly payments referred to in pwagraphs 1 and 2 or change the amount of such payments.
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<br />It Borrower Not Rdeastidt Forbearstace By Lender Not a Waiver. Extension of the time for payment or
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<br />motiftation of amoniution 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 Iiabifity of the original Borrower or Borrower's successors in interest.
<br />Leader shall not be required to commence proceedings against any successor in interest or refuse to extend time .for
<br />pymen t or otha wise modify amortizadon 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. Saeeenors and Asslgls Bosrdi Joint and Several Liabllifn Co-signer. The covenants and agreements of
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<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject t o the provisions
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<br />of paragraph 17. Borrower's eovenavin and agreements shall be joint and several. Any lFlorrower who co-signs this Security
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<br />Instntrnent but do-. not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant entt convey
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<br />-that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated ti' pay
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<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agr ee to extend,
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<br />modify, forbear or make any accommodations with regard to the terms of this Secunty instrument or the Note without
<br />that Borrower's consent.
<br />1=. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
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<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 i.xceed 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
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<br />under the Note or by making a direct payment to Borrower. if a refund reduces principal, the reduction will be treated as a
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<br />ant without an rc ayment charge under the Note.
<br />Pam P�Y►n y prepayment
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<br />13. LegisLtlon AReeft ILendees Rights. If enactment or expiration of applicable laws has the effect of
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<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Nodca. Any notice to Borrower provided for in this Security !Instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Sender. Any notice to Lender shall be given by
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<br />first class mail to Lender's address stated herein or any other address lender designates by notice to Borrower. Any notice
<br />be deemed have been to Borrower or Lender wh en given as provided
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<br />provided for in this Security Instrument shall to given
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<br />in this paragraph.
<br />15. Ggfersiag Law; Severabillty. This Security instrument shall be governed 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 Security Instrument or the
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<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
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<br />which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
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<br />Note are declared to be severable.
<br />86. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrtntrient.
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<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any pan 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 />;.
<br />person) without Lender's prior written consent. Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However. ulis option shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />Of Lender exercises this opuon. Lender shall give Borrower notice of acceleration. The notice shall provide a lit:riod
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<br />of not less than 30days from the date the notice is delivered or mailed within which Borw%eT must pay all sums secured by
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<br />this Security Instrument. if Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
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<br />remedies permitted by this Security instrument without further notice or demand on Borrswer.
<br />18. Borrower's Right to Reinstate. If Horrower meeis certain conditions, )borrower shaii have the nght to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of. (a) S days (or such other penod as
<br />applicable law may specify for reinstatement) before sale o'F the Property pursuant to ang power of sale contained in this
<br />Security Instrument. or (b) entry of a judgment enforcing this Security Instrument Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under this 5ecunty Instrument and the Dote had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this
<br />Security Instrument, including. but not limited to, reasonable attorneys' fees; and (d) takes such action as Lender may
<br />reasonably require to assure that the lien 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 id no acceleration had
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<br />occurred. Hawcver, this right to reinstate shah not apply in the case of acceleration under paragraphs l' 3 or 17.
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