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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 />II. Inspection, Lender or its agent may make reasonable entries upon and inspections of tha Nirperry. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or 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 suites secured by this Smudty Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums scouted immediately
<br />before the taking. divided by (b) the fair market value of the Property immediately before the taking. Any bats= shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemn" offers to
<br />make an award or settle a claim for damages. Borrower faces to respond to Lender within 30 days after the date 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 wo then drum.
<br />Unless Lender and Borrower otherwise agree in writing. any appli;:avion of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such pay .tents.
<br />10. Borrower Not Released; Forbearance By Leader Not a Waiver. Extension of the time for pat -mmi or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any succvssor in
<br />interest of Borvewwer shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall t%� 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 Sa: urity 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 of remedy
<br />shall not be a waiver of or preclude the exercise of any Wit or remedy.
<br />11. Succesaora and Assigns Bound; Joint and Svveral Liability; Co•siQners. The covenants and agretma/enis of
<br />this Security Instrument shall bind and benefit ithe successors and assigns of Lender and Borrower, subject to the provisions
<br />of paregrPrb 17. Hnrrnwer's covenants and agreements sibali be joint and several. Any Borrower who co-signs this Security
<br />instrument but does not execute the Note: (a) is co- si;tning phis Security instrument only to mortgage. grant and ,convey
<br />that Borrower's interest in the Property under the terms of dr.% 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 tin the terira:: of this Security Instrument or the Note without
<br />that Borrower'scon.%ent.
<br />12. lAwa IC'harges. if the loan secured by this Security instnment is subject to a law which sets maximum loan
<br />charges, and than 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 he reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (o) 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 reducam will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<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 paragTaph 19. If Lender exercises this option, Lender %bulli take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Secum) Instrument %hall 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 Lender. Any notice to Lender shall be ;riven 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 given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Securing Instrument shall he governed by federal law and the law of the
<br />jurisdiction in which the PT- o-,%-rty is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applieab "e Jaw, such conflict shall not affect other provisions of this Security Instrument ar the Note
<br />which can be given effect without the conflicong pntvosi:nr,. To this end the provisions of this Securatc Instrument and t he
<br />Note are dec6r, a;;. , -.v be severable.
<br />16. Borrower's Copy. Borrower ; i:a•:: he ;giver: one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If alt ,,.r any pan of the Property or any
<br />interest in it is sold or transferred (or if a ben4ft:tal intivesi :r, Borrower is sold or Ir:ans,f:crtd and &xrrwer is nor a nawral
<br />person) without Lender's prior written cenarne. Lender :44-- at it% option, require o54.,,- nedwic payment in futr •,:fad' sums
<br />secured by this Security Instrument. How.e+: er, chess oprtaon .hall not be exercised In Render +,t ext!rcim is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option. Lender shall gr -e Borrower notice of acceleraruar . Tht notice .hall provide a period
<br />of not less than 30 days train the date the notice is delmered or mailed wit hi which b• r - -wer must pay all sum,. wcured by
<br />thm Sexunty Instrument. If Borrower fail %to pay these sums prior to the expiration -f ::,,n pond. Lender may invoke any
<br />remedies permitted by this Security ia;rrunwnt without further notice or demand nn narrower.
<br />12. Borrower's Right to Reinstate. If Borrower meets certain conditions, Harrower shall have the right to halve
<br />enforcement of this Security Instrument discontinued at any time pnor to the earlier rat. (a) 5 days (or such other penod as
<br />applicable law may specify for reinstutement) befiore bale of the Property pursuant to any power of axle %onrained in this
<br />Security instrument. or (b) entry of a judgment enforcing this Security Instrument Those conditions are char Borrower:
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note 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 attorney~ fees. and (d) take% such action a% Lender may
<br />reasonably require to assure that the lien of this Security Instrument. Lender'% right% in the Property and Borrower's
<br />obligation to pay the sums secured by this Security Instrument %hall continue unchanged. Upon reinstatement by
<br />Borrower, thi% Securuy Instrument and the obligations secured hereby %hall remain fully effecti%e as if no acceleration had
<br />occurred. However, this right to reinstate %hall not apply to the ca%e of acceleration under paragraphs 13 or 17.
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