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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 />8. Inspection. Lender or its agent may make reasonable entries upon and inspection 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 />9. Condemosition. 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 acid 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 argree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount os the proceeds multiplied 4y the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fau7'rnarkct 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 by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given. Leaf kt is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the suins secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing., any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments ref:rred to in paragraphs I and 2 or change the amoum of such payments.
<br />10. Borrower Not Released: Forbearance By Leader Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any <uccessor 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
<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 Bound; Joint and Several Liability; Co-signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the srrccescor% and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be join t and several. Any Borrower who cc-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 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 to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan 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 choose to make this refund by reducing the principal owed
<br />under the Vote 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. 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 Securit t. ons;rument unenforceable according it) its terms. Lender, at its option,
<br />may requite immediate payment in full of all sums secured by this Security Instrument and may invoice any remedies
<br />permitacJ by paragraph 19. If Lender exerciser: this option, Lcn: ar 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 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 ar,,, other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other a. dress Lender designates by notice to Borrower. Any notice
<br />provided ,.'or in this Security Instrument shall be deemed to hw-c been given to Borrower or Lender when given as provident
<br />in this paragraph.
<br />15. Governing Law: Severability. This Security Instrument shall he 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
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which,-a-% 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 />16. Borrower's Copy. Borrower %hall he green one c.Tnf�irmed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a benoicrwi interest in Borrower s s.,id .tr i ransferred and BorraAcr ts not a natural
<br />persaa) without Lender's prior written consent. Lender may. at irs opta•n. require immediate payment in full of all sums
<br />secured 17,i this Security Instrument. However. this option shall not be exetowd by Lender if exercise is prohibited by
<br />federal lair as of the date of this Security Instrument
<br />If Fender exercises this option. Lender shall gi%c Borrower notice cif a,:celeratton The notice shall provide a pertod
<br />of not tens than M days from the date the notice is delivered or marled wrrbrn w hich Borrower must pay all sums secured by
<br />ttllS Securit Instmment. If Borrower fails to pay the%e sums pnor to the citrtrarion .^f this prrimi. ixuuci fiiaj ii..c'n.c an3,
<br />remedies Permitted by this Security Instrument without further notwe or demand on &wr.iwer
<br />18. Borrower's Right to Reinstate. if Harrower menus certain conditions. hirrow'er shall hose the right to has e
<br />enforcement of this Security Instrument dscontmued at any time pnor to the earlier of 015 days (or such tither period as
<br />applicable law may specify for reinstatement) Retire wle of the Property pursuant to any power of sale contained to thic
<br />Security Instrument; or (b) entry of a judgment enforcing this Serunty Instrument Those condmons are that Borrower
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />occurred; (h) cures any default of any tither covenants or agreements. (c) pays all e�penses incurred in entircing this
<br />Security Instrument, including, but not limited to. reasonable attorne)%* fees, and Id) tales such action as Lender may
<br />reasonably require to assure that the hen of this Secunt) Instrument. Lender's rights in the Property and Borrowcr s
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged Upon remstatemeni by
<br />Borrower. this Security Instrument and the ohhgationc secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not appl) to the case of acceleration under paragraphs 13 or 17
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