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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 />�+.
<br />.: � . °'• 8, inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Leader
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Coade,anaNaa. 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 />- rr' assigned and shall be paid to Lender.
<br />!n the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security �_ �..�..._'
<br />Irtstrur=L whether or not then due, with any excess paid to Borrower. in the event of a partial taking of the Property. .�.. ®.,.. •r
<br />n'• s Via.; '
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by Y t+
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />f' before the taking, divide+} by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />t k
<br />paid to Borrower. - J
<br />demnor offers to
<br />if the Property is abandoned by Borrower, or if, after notice by Leader to Borrower that the con r
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice isf"�
<br />S; given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or eaiwts t,r�+ , .
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Unless Lender and B�+rrower otherwise agree in writing, any application of proceeds to principal shall nett extend or
<br />postpone the due date ahe monthly payments referred to in paragraphs I and 2 or change the amount of such payments.n• try
<br />;•��Atr`.�„ ' s, �'' ,=t +, p 10. Borrower Neat AtRieased; Forbearance By Lender Not a Waiver. Extension of the time for payment or 'W"
<br />1. r, , r'
<br />i „•- , i., + ri .�)_ modification of amortization 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 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 n.,r •; ..
<br />payment or otherwise modify amortization 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 Bout* 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 11. Borrowers covenants awJ agreements shall be joint and several. Any Borrower who co -signs this Security
<br />instrument but does not execute the Note: 1a) is co- signing this Security Instrument only to mortgage, grant and convey t
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (h) is not personally obligated to pay ;
<br />the sums secured by this Securi-iv Instrument and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommsulaxims 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 secared 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 he 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 Nov; or by making a direct paytncru to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />i t r
<br />partial prepayment without any prepayntem .;harge under the Note.
<br />` r•'' ;114 ?�'{ �Y 13. Legislation Affecting Lender's Rights. V enactment or expiration of applicuble laws has the effect of
<br />�J��•ly � .F�� , :.} rendering any provision of the Noteor this Security liamnir rot unenforceable according to its terms, Lender, ay is option, +: +
<br />% r , ,z may require immediate payment in full of all sums secured by this Security Instrument and may invoke an 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. Notices, Any notice to Borrower provided for in this Security Instrument shall he Sawn by deli% Bring it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be durected to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shat! be given by
<br />first class mail to Lender's address stated herein or any other address Lender dt_•signates 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. tt.overnisg Law; Severability. This Secunty instrument shall he governed by federal law and the law of the
<br />1 jurisdiction in which the Property is located. In the event that any provision tar clause of this Security Instrument or the
<br />` Note conflicts with applicable law, such conflict %hall not affect other provisions of this Security Instrument or the Note
<br />which can be given effect without the covilining pm%i +ion. To this end the provisions of this Security Instrument and the
<br />it Nate are declared to be severable.
<br />i•;; {j: ; , 16. Borrower's Copy. 13orTt,wer shall he P!v%:r: one conformed copy of the Note and of this Security Instrument.
<br />0.” ; ;:,',}�� 17. Transfer of the I'r•aperty or a Beneficial Interest in Borrower. If ai? rr tiny part ,•f the Pra�prrty ar any
<br />> , interest in it is ~old or transfezrcd for if a beneficial i- .tcre%t in Borrower is sold or tr %%erred and ll.im,ixer is noz a natural
<br />• •;
<br />person) without Lender's pnor written cowent. Lender may, at its apuon, rcywrc unmrdirte suc^tens in full cif all sums
<br />secured by this Security Instrument. Ho wewr, this option %hall not he exercised by Lender rf exercm r. rtolhibtied bn
<br />federal law asofl hedateofthis Seca ntyIr, sr. ru merit .
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration 'Ube n� n� c,h31G Fra��tsie a per:c,tJ
<br />of not less than 30 days from the drte the notice n delivered or mailed wit hin whicli Horroaer must pay all • L%MN -:cured by
<br />_
<br />chi. liz— ,tv tncirls cr If t4,rrnrer fails to na% these bums pnor to the exnirauon of thn lwriod. Lender may oavoke any
<br />remedies permitted by this Security ln.trtstnent wrthnur further notice or demand on Borrower
<br />18. Borrower's Right to Reinstate. If lktrrowcr meets certain conditions. Borrower .trail have the right to have
<br />enforcement of this Security Instrument dtscontinued at any time prior to the earlier of. fit) 5 days fur such other penod as
<br />applicable law may speedy fir reinstatement) before 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 (hose conditions are that ilorrower.
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had un acceleration
<br />occurred: (b) cures any default of any other covenants or agreements. tcl 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 muy
<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. tTpon reinstatement by
<br />Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective a% if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 1.1 or 17.
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