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<br /> � Ii Lender rcquired mortgage insurance as a condition of making the loan secured by this Security Instrument�
<br /> f� ;' Borto�ver-shal!p�y the premiums required to maintain tht insuranct in effect unti!such time as the requirtment for the '.
<br /> i insuracrce termin�tta in sccvndanca with Borrowe�s and Lcnder's written agretment or applica6te law. ' _ �,,
<br /> __ � _. �rje�tio�. Lender or its sgent may maice reasonable entries upon and inspections of the Ptcpetty.Lender ��.�_
<br /> shal!gi��e Horrower exxice at the time of or prior tQ en inspection specifying reasonable cause for the inspection. �
<br /> � � 9. Coaiewatio�. The praceeds of say awazd or ctaim far damages,direct or consequential,in conaection with .� �
<br /> ���� ury.�rsd�mnatfnn csr acher�g of st�y p�rt of the ProFerty,or for conveyaaCe i� lieu tsf coademnatibfl,are hettby � � ''� ' --
<br /> { assip�ed and sluli be paid to Lender. �':'•..��,� :
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<br /> • In the event ot'a.tota�taking of the Property,the praceeds shall be apgtiec�to the sums secured by this Sacuriry
<br /> . ; Instrument,v�hether or aot thtn dut,witls ariy excess paid to Borrower.In the event�f a partisl tafcing of the Propersy, �
<br /> ; unkss Horrower and Lender otherwise agra in writing,the sums secared by this Security Instrument shsll be redviced by
<br /> I the a*_nount oF the praceeds multiplied by thc following fraction:(a)the total smount of the sums secwed immediatefy � � "
<br /> ? before the talcing;dirYded by(b�tht fair market value oFthe Property imraediately bePore tbe taking.Any balancc shali be �
<br /> ; paid to HorKO•ver. �
<br /> � If t�e Praperty is abandoned by Bortower,or if,after notice by Lender to Borr�wer that the condemnyr affers tu . . � . .
<br /> �� �f matie an�+vu,d or settte a�taim for damages,Borrower fa�7s to respond to Lender within 30 days after the date thtnoticc is �� ..
<br /> � f givea,Laider is autlta�d to collect and appIy the proceals,at its option,either to restoration or Tepa'u af the Propertp or;. . �:_ ,
<br /> to the sums secured by this 5ecurity Instrummt,whetber or not then due. �
<br /> j Unkss f.ender�d Bonawet othernise agrot in writing.any application af pr+oce�Is to principaJ shall nnt�,extend or �' � -
<br /> i postpone the due date of the ment&J�:�aymet►ts referral to in pazagraghs l and 2 or chatr�the amount of sucb p�pmaat�. , �.:' • '::
<br /> f I0. Ha[ower Not Relaw�fi�orbesnn��e By Lsnder Not o Wairer. Eateri'sian of the time for paym�nt or, .,:; , "`�
<br /> ��r�svdification of amorts,zatzon of the sums socured by this Security Instrument granted by I.cnd�=to,any snccessar im, ;. . � .
<br /> y ,. ir;�terat qf Borrower shall not operate to release the liability of the original Borrower or Barrawec'��xsacessors in inten:sL. . �
<br /> ` � �Laider shall not 6e required to wmmence praceedings against any successor in interest mr refuse•to ext�d;tima fbr .
<br /> payment or otherwise modify amortization of the sums sec�red.by this Socurity Instrument by reassin.�f any demanc�mudo
<br /> ; t�y t6e origina}Borrowrr+�t Borrowe�s svccessors in ntterest.Any forbearanc+e by Lender in exere�si�'s�t�s�y rigbt or remcdy.. �
<br /> ' ��: �a11 not be s�vaiver of"r��xreclude the exercise of any right or remedy. - :��':::` ' .
<br /> 11. Sacca�ors.mad Assips Booad;Joiat and SeTeral Liab�ity;�o-sipers. Tha cave�n;!�and agc�ttants of �'
<br /> .:�� this Security Instrumcnt shall bind arad bene6t the succ�ssors and assigns af Lender and Snrcowc�;suli�eet to�1�a prtovisions
<br /> �,; of paragnph 17.Borrower's covecuzif��and agraments shall be joint and several.An��Hbrtower whp u�-signs�tlti�Security � ; .
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<br /> � �,instromrnt fsut daes not exeeuta tht iVotC(aj is�cs-signing thifi Security Instrument onln to mart��ls,.grant aad convey '
<br /> � L fi°ja t B o r ro wer's in ta e s r in t he P rope rt y un der t T s.r:�erms o f t his S e curity Instrument;@)is nat�Pcrsrrda l ly o b l igat o d to pay �""
<br /> f;Ise sums secured by t���5ecuriiy Instrameni;and(c)agrees that Lender aad any othcr Barrawer inay a�rae to c�tend
<br /> � � �nodify,foafi�ear or make any accommodations with regard t�y E.he terms of this Security Instrnmont�or�ihn Note svithout •,' -
<br /> that Borrrnu�r's consent. •
<br /> '+ iZ. ��:aas G'iarges If the loan serured by this Security Instrumcnt is subjest to a law whieh�sets maximum laan •
<br /> icharges, snd that la��i�8nally interpretod so that the interost or other loan charges caUtrt����a to be collected in .
<br /> , connection aith the Vr�in�.eaceed the permittod limits, then: (a)any such loan chargs shalt+be redueed by the amoant
<br /> -_ ---- - _--- � ne.:�^�sar;tcs;.::ucc tr.c��ar�e ta t�:�.-7mi:ted;;rzi4;ar�{u3 a��y�ums atready coiit�ted fram Borrowu wbici�wi�tcau �. •. . ' -
<br /> permitted limits will be refpnded f:�5-Horrower. Lender may c;f.to�se to make this refund by reducing the principal owed -
<br /> '• under the Note or by making a direct payment to$onower,l;f,�.refund rcduces princip�rl.,the reduction will bc treated es a � �
<br /> � partial prepayment without any prepayment char�:under t�Ce?Vote.
<br /> j 13. I.e�istatior ARecting I.�eder's Rtgt�rs. If ena�ctment or��piration of applirable.la�v�s has the effect of
<br /> I :sndering any provision oFthe Nofe ar this Security Instrumen.:unenforceable according to its terrr,s,C,ender,at Tte option,
<br /> �� may reqaire immediate paymeni in full of ald�:ums secur�i:i��� this Security lnstrument and may invoke ar�.?;�edies
<br /> - - ! permiiteci dy para�'apii i9.I�ixndrr exercise�s t,b�s option,�d•�r shall take the steps specified in the secan���ty�aph of . -��
<br /> • � �aragraph 17. , `�
<br /> l�. Notices. ,�,r!�y notice to Borra�ver pro'vided for i��r his Security Instrument shall be given by detivrrr.;�it oi by
<br /> ; mailing it by Brst class�mail unless�;;�licable law requires usc of another method.The notice shall be direc�.�i to the
<br /> � Property l�ddress or any other ad�i'��s3�orrower designates by notice to Lender.Any notice to L.ender shall t»:given by
<br /> ! 6rst class azail to I.ender's addre�s c�e;�t.��hetein or any other address Lender designates by notice to Borrower.Any notice � �
<br /> , ��rovided far in this Sectj.r.ity Instru:nent shal!be��'eemed to have been given to Borrower or Lendcr�chc�n given as provided � �.
<br /> � i.r�this paragr�ph. �
<br /> ; 15 Go�erniey°T�trr;Se�snblllty. 'I'his 5ecurity In3trument shall be governed by federal la�+and the law of the
<br /> ; jurisdiciiutL in which the Property is looated. In the event ih�t any provision or clause oi'this Security Instrutstr:��t ar the
<br /> � Nete cant[ie:ts with applieable law.sueb eonfliet shal)not aRc�t other provisions of tfiis Security Tnstrument r,+�-thr:Nate
<br /> which can be given effect without the conflicting provision.To this end the provisions of this 5ecurit} �nstru�r�.-.c and the
<br /> � Note are declared to be��verable.
<br /> i 16. Bocrorrtr's Copy. �?arrower shall be given one conformed mpy of the Note.ind af th;s Security Instrument,�,
<br /> ' 17. Tniu[er of the Pcapes4y or a Beecficial lnte�est tn Borrower. If all o�aay �art �f the Prop�r'ey ar any
<br /> . i�tertst ip it is sold or transfcrred(or ifa beneficial interest in$orrawer is sold or transfccrrcf r3iad Borrower is s�:c�natural
<br /> persan)without Lender's prior written ronsent, Lender n�ay,at its opiion,require immcdiate payanent in full of alt sums
<br />— securtd by this 5ecurity Instrum�nt. However. this option sfia11 not bc exerciscd by I.ender iP excrrise is ptohibite�f by
<br /> _ federal law as of the date of this 5ecurity]nstrument. _____ _ _
<br /> If'Lertder exercises this optinn,Lender shall give Borrower notice of arceleration.The notice shall provi<i�c a periad �=---T—
<br /> of not Iess tt�an 30 days from tlie date the notice is detivered or maited within which Borrower must pay all sumss�:ured by
<br /> this 5ecuri'ty Instrument.If Borrower fails to pay these sums prior to the expiration of this period.Lender may invoke any I ,
<br /> rca�eclis�s�t.*m�tt�l•y this Ses�ritg I�sirurr�enf+.veihoet fsrlher r.c:t'sce c:r cl�ntstts!vn Borrauer. ,
<br /> l�.Borrowtr's[tigbt to Reinstatr. If Borrower meets certain conditinns.Borro}�•er shall have tfie right to have _ ,
<br /> _� enforcement of this 5ecuriry Instrument discontinued at any�timc prior to the earlier oL•(a)5 days(ot such athcr perind as �
<br /> — � applicable law may specify for reinstatement)befare sale of'the Property purtivant to nnl pnwer c�f sale contained in this
<br /> Security Inssrumtnt;or(b)entry of a jndgment euforc�ng this Security Instrumenl. Those euttditions arc th�l Eiorrou•er.
<br /> (a)pays Ltndcr all sums which then wauld bc due under this Security tnytrument and the Note ht�d aa acceleraliUn�
<br /> 'occurred;(b)-cures any default c+Pany other ecrvenants�r agreements; (c)pa�s a1! expenses incurred m enforcing tl�is
<br /> Security Ittstrument, includmg.but not l�mited to, reasnnabte attorney�' fees; �nd(d1 takec�urh artion as Let�der m�y ,
<br /> reuonabty require t�dc5ure thut thc ltet�of this 5ecutity Instrument. Lei�der 5 nKhts�n the Property and liurraµer's p
<br /> obligation tn pay Ihe sums se�°ured E�y thi� Secunty Instrument shall ronunae wtchanged. t'pon rcin�taten►ent hy �. ��
<br /> Bnrmwer,thia Sec«rily In��rumet�l and Ihr nbli�►ttuns sccured hercby tih:�11 rrrnau►fully rRcetnc ati if'no arcelcrxuun h;td
<br /> � - occurred Hn�e�er.ihi�e�ght to reintiante sh:�ll�ac�t apply u�tt�ec•a���,f�_ceterat�+���undrr��atn�+t��rh�t 2��r !7 - ._. . . . ._ . .. .
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