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<br />If Lender required mortZW insurance as a condition of making the loan secured by this Security Instrument.
<br />Borrower sh><Il p y the )}zgrilUMS regaired-ta maintain the insurance in effect until such time as the requirement for the
<br />insurance lermiaates to aecprdaPse -truth Sorrowees and Lender's written agreement or applicable law:
<br />& Impselilow - Lendimopits 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 />4 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 />Instrumenti whether or not then due; with any excess paid to Borrower. In the event of a partial tatting 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 fraction: (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 try. lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respondw, Lender within 30 d4i §, qer the date the notice is
<br />givers, Lender is authorized to collect and apply the proeeeU,,,�,-gs, option "either to, ies'r.oratit r Am: repair of the Property or
<br />to the stuasstt" red by this Security Instrument, whetherorsiAtj en due.
<br />Unless Lenderand Borrower otherwise agree in writin& my application rifOa;aeids to principal shall not extend or
<br />postpone the duedate of the monthly payments referred to in paragraphs t and 2 &- o2tange the 4mount of such payments:.
<br />lo. Borrower NW Reldattdl Forlidtrnaee By Lender Not a Wf'rioi- Mr. Extension of iel e: -time for payment cr`
<br />modification of amortization a the sums secured by this Security tm' vx * itent granted by Lithe to any
<br />interest of-Borrower shall not op°.mi & to release the liability p f the oh6nAl Borrower^,er Borroweees successors, i t friterest.
<br />Lender shall not be required to cm-Amence proceedings - ag*nst ady seccessor in interest or refiuse to extend time for
<br />payment or otherwise modify amortization of tb: 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 ofar preclude the exercise of any right or remedy.
<br />it.. Sweeaaom wed Astdps Bottad; Joint and Sereral LiabiUty; 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 personalty 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. Lou 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 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 chow se 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 any prepayment charge under the Note.
<br />13. Legblatiott Affeotireg Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Nrr xor this Security Instrument unenforceable according to its terms, Lender, at its option,
<br />may require immediate payment in full of an sums secured by this Su:urity Instrument and may invoke any remediits
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragrapkaf
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrumr iAiall be given by delivering it or by
<br />mailing; it, by first class mail un1�!� applicable law requires use of another method. The notice shall be directed to the
<br />PropertYr Address or ary other av3'ress Borrower designates by notice to Lender. Any notice to lender shall be given by
<br />first class sraal: co' endr's address stated herein or any other address Lender designates by notice la Borrower. Any notice
<br />provided -or in this Security Instrument shall be deemed to have been givers to Borrower or Lender when given as provided
<br />in thisparagraph.
<br />IS. Counting Law; Sevcrability. 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 cluuw of this Security 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 severable.
<br />t& Borrower's Copy. .Horrower shall be given one conformed copy of the Mote and of this Security Instrument.
<br />17. Trader of the Propuly or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest trill is sold o transferred i ar if a bettxfidal interest in Borrower is sold or transferred and W:lrrower is cot a natural
<br />person) without ireudWs prior written cops 01% Lender may, at its option, require immediate, ljayrpent in full of all sums.
<br />secured by thisSwuril'ir Instrurg--tent. However, this option shall not be exercised by•L.ender t: exercise is prohibited 4 g
<br />federal law as ofthe Ore of'this 5aciaity Instrument.
<br />If Lender exercises this option, L;en4;,!r shall give Borrower notice of acceterttiot,. The ilea ?ce shall pros ,Ide a period
<br />of not less than 30 days. froth the riate the nrttice is delivered or mailed within which Borrower muar, l ay ali •,ccermd by
<br />this Security lnstru< cent. If Borrower fails to pay these sums prior to the expiration of this peTi(-,d; #'.ender may i�.:ci;e
<br />rcrneli�i persesitted bx th�s��urity Irtsrrurrtent withai►t further notice or demartti qr; Borrower. '
<br />it Borrower's Right to Reinstate. if Borrower meets certain conditions, 'Borrower shall have the, right to ha� •c
<br />enforcement of this Security In�trum.ent discontinued at any time prior to the earlii;.r of: (a) 5 days for such rather period a,
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in thui
<br />Security instrument; or (b) entry of a judgment enforcing this Security instrument. Those conditions are that Horrowet .
<br />(a) pays Lender all sums which then would be due under this Security fnstruntent-avid the Note had no acceleration
<br />occurred; (b} cures any dtfault of any other covenants or agreements; (c.i pays all expenses incurred in enforcing this
<br />Security Instrument, including, but not limited to, reasonable attorneys' fees. and (d) takes such action as I.ctrdrr tray
<br />reasonably require to assure that the lien of this Security instrument, Lender's right~ to the Property and Rorrorver s
<br />obligation to pay the sums sccured by this Security instrument shall continue unchanged. Upon rcut-tatc :ncnr hu
<br />Horro%Lcr, ths% Security Instrument and the obligatttms.secured hereby ~hall remain fulls cifecUveasrfrtaaacleretau� had
<br />incurred Ilc)uewr. this rrgl;t tr, reinstate shall not apply its the ca" elf mL01vr.rtu'n under p.rragr.q+lf. 1 t or 17
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