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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 />-- a. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender _ T�
<br />n shall give Borrower notice at the time of or prior loan inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, director 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 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 by Lenacr t tr Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Undo.- 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 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 referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />h,._ • 10. Borrower Not Relessed; Forbearance By Lender 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 successor in 3
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Otwirowees 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; Cosigners. The covenants and agreements of
<br />this Security instrument shall bind and benefit the successors an d assigns of Lender and Borrower, subject to the provisions,
<br />- -_ = offaragtaphI7. Wrrowcr' sco:• errant sandagree: �mssmallbeP inIandseveral. AnyBorrowerWhoc0 •signsthisSeouriay �
<br />Instrument but dais am execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey
<br />1^ .
<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 />modif; ., forbear or make any accommodations with regard to the terms of this Security instrument or the Note without
<br />that Idorr,awer'sconsent.
<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 to collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge %hall be reduced bs the amount
<br />necessary to reduce the charge to the permitted limit: and (h) any bums 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 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 Security Instrument unenforceable according to its terms. Lender, at its option,
<br />may require immediate payment in full of all sums secured b,, this Security Instrument and may invoke any 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 i*rovided for in this Security Instrument %hall be given by dehvering it or by
<br />mailing it by first class mail unless applicable 'law rtquores use of another method. The notice %hall be directed to the
<br />r,; .r•- . Property Address or any other address Borrower designates b16 notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any nott.c
<br />pro%tded for in this Security Instrument shall he deemed to hu%e been given to Borrower or Lender when given as provistril
<br />in this paragraph. ;
<br />IS. Governing Law; Severability. This Security Instrument %hail (`e 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 %%Olt
<br />which can be given effect without the conflicting provision. To this end the provisiom of this Security instrument and the
<br />Note art declared to be severable.
<br />16. Borrower's Copy. Borrower %hall be given tine conformed copy of the Note and of this Security Intitrurtrmt.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the {'-"perry or any
<br />mtetevt in it is sold or transferred (or if a bencticia: m trem to Borrower is %old or transferred and Borrower i., rraa a natural
<br />persoO without Lender's prior written consent. Loader ma} at it% option. require unntediare payment in full roe sasns
<br />secure~:: t% this Security Instrument. IMwc%er. thts orivt c %`:sill nut he exctci%ed by Lender if exercise is pmhie*rreu ry
<br />federal law as of the dace ref thu $,curitr Instrument.
<br />If Lender to ercises this option. Lender %hail give borrower notice, f acceleration. f he nm cc shall pros ids a period
<br />of not le%%rhan '40 days from the date the none: r%d, h%ered ter mailed w trhrn which Harrower must pay ail sums secured by
<br />this Security Instrument. If Horrower faits o pai, these .urn%prior to the expiration of this period. Lrnder may in-wLe an}
<br />remedies permitted by this Securrrc Instrument without further notice or demand on fit,rrower.
<br />16. Borrower's Right to Reinstate. If Borrower meets certain condition%, Ikwr„wer %hail ha%e the right to have
<br />enforcement of t his Security Instrument discontinued at any tente prior to the either of: (a) S days far Stich other pernxd as
<br />applicable law may specify for reinstatement) hefore sale of the Property pursuant to any power of sale contained to this
<br />Security Instrument: or (h) entry of a judgment enforcing this Security Instrument those conditions are that Borrower
<br />(a) pays Lender all sums which then would he due under this Securih Instrument and the Note had nti acceleration
<br />occurred; (h) cures any default of any other covenants or agreements: (c) pay% all expenw% incurred in enforcing this
<br />Security Instrument, including. but not limited to, reasonable attorncy%' fee%. and (d) take% such action a% Lender may
<br />reasonably require to assure that the hen of this Security Instrument. Lender's rights in the Property and Norrowtrr'%
<br />obligation to pay the %um% secured by this SLcunty Instrument %hall continue unchanged ('ptm reinstatement h%
<br />Borrower. this Security Instrument and the obligations secured hereby %hall remain fully cffecti%e as if no acceleration had
<br />Ioccurred. However, this right to reinstate shall not apply in the case of acceleration under paragraph,. 13 or 17
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