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- 'Y, � � _- 89� �.06060 lf I.eoder �e�{uired mort=A�e insurance as a �onditian af makinR the loaa securcd by this Security Inst�ument, � ' Harrower shAt!�y the premiums rcquired ta maintain the incur:�nce in effect until such time uc the requirrment for the ' insurance terminates i�accordance with Aorrower's end 1.ender's written agreement or applicable law. �. I�ectloe. l.endtr oc its agent may make reasonable e�trics upon and inspcctians of thc Preperty. Lender sha11 give Bono�ver notice at the time oP or prior to an inspection speciPying reasonable cause for the inspection. , 9. Co�de�natian. The proceeds of any awaTd or claim far damages,dircct or consequential�in conmection with any eandemnation or ather taking of any part of the Property, or for canveyancc in lieu of candemnation,are hereby ; usigned and shall be pxid ta I.ender. , Jn the event of a total taking of the Property. the praceeds shaU br upplied to the sums secured by this Security Instrument,whether or not then due,with any eacess paid to Borrower. In the event of a partial taking af the Property. . unless BonoMer and Lender othervrix agree in writing,the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a)the total amount of the sums secured immedi�tely before the taking.divided by(b)thc fair market vatue af the Property immediately before the taking.Any balance shall be paid to Banower. If the Fropeny is abandoned by 8orroW�er,or if,after�otice by Lender ta 8orrower that the condemnor offers to � make an�warc!or settlG a claim for dan�agts,Borrower fails to rcspond ta I.�nder within 3(�days after the date the notice is i given,Lender is a�uthorized ta collect a�@ aDply the proceeds.at its e�+tion.either to restorati�m or repair of the Property or io ihe sums secnrtd by this Securit)i�estrument,.whether or noi then due. Unless Lender and Hc�crawer oth�rwise agree i�writing,any application af pruceeds to principa4 s)hall not extend or � postpane thr due date of thr monthly pa.�ments referred to in paragraphs 1 and 2 ar change the amou�nt of such payments. . : � 10. Borrowe� Not Rekaed; Fo�Sear�nce By I.ender Not a Waiver. Extension of the time for payment or modificatian o!amortization of the suce�s secured by this Security lnstrument grunted by Lender to any successor in interest of Borrower shal)no!operate to release the liability of the original Borrower or Barrower's successors in interest. ' Lender shall not be required ta commence praceedings against any successc►r in interest or refuse.to eatend time for I payment or otherwix modify amortization of'thc sums secured by this Securety�lastrument by reason of any demand made � by the original&�rrower or Borrower's successors in interest.Any forbearanre ba Len�er ia exercising any right or r¢medy , shall not be a wsiver of or preclude the exercise of any right or remedy. : 11. Sncetawn�nd Aatgns Hound;Jolnt aad Se�eral Liability;Caaigaera The covenants and agrecments of . this Security Instrument shatJ bind and benefit the successors and assigns of Lender and 8orrower,aubject to the provisiuns .<:`,E:�. of p�aragraph 17.Borrower's covenants and agreements shall be joint and several.Any Bonower who casigns this Security ' '� Instrument but does not eaecute the Note:(a)is co-signing this Security Instrument only to mongage.grant and convey t'-�. that Borrower's intercst in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay °- . the sums s,ecuted by ihis S�ecurity Instrument;and fc)aarcee that i.ender nnd any nther Mn�wer ma}r anree t�extenci; ___ - modify.forbear ar mal:�any accommodations with regard ta the terms uf'thi�Se�:urity Instrument or ti�e IVotc witl�out ; ' ihat Borrower's consent. . � 12. Loan Gl�arges. If the I�an secured by this Security lnstrument is subject to a law which sets maximum loan � i charges. and that law is floally interpreted so that the interest or other loan charges c�llected or to be collected i� ' connection with the loan eaceed the permitted limits. then: (a) any such loan charge shall be reduced by the arnoamt . necessary to reduce the charge to the permitted limit;and(b)any sums already collectr,d from Borrower which exceeded perrnitted limiis will be refnnded to Borrower. I.ender may chaose to make�his refand by reducing the principal owed � under the Note or by making a direct payment to Barrower.lf a refund reduces principal,tht reductian will be treatcd as a � � partial prepayment without any propayment charge under the Note. : 13. l.egtslation ARecNng Leeder'a Rlghts. If enactment or expiration of��13cable laws has the effeet of � rendering any provision of the Note or this Security Instrument unenforceabte auording to'its terms,Lender,at its option. ..;� may require immectiate payment in full of a11 sums secured by this Securit}r icrstrument and may invoke any remedies . permitted by paragraph 19.If Lender exercises this optian.Lender shall take tl�e steps speci�ied in the second paragraph of' •�_ . paragraph 1�. , . i.:�- 14. Nodces. Any notice to Borrower provided fur in thcs�ecurity Instrument sha€.6 be given hy delivering i!or by ' mailing it by first class mail unless applicable law requires ust of another method. The notice shall be directed to the `• � ��— Property Address or any Qt&�r address Honower dc�ignates by notice to Lender.Any notice to Lender shal!be given by `� '. 8rst class mail to Lender s a�fcfress stated herein or�^4y,other address Lender�iesignates by notice to Borrower.Any notice provided for in ihis Security Lr�strument;hall be deerr.ed to havc been given to Borrower or Lender when given as provided in this paragraph. � . 1S. Governiig f:rw;Se�enbi�ty.�. This Sercerity Instrument shal!be governed by federal law and the law of the jurisdietion in which the!>caperty is lora�ed. in th.e ei ent that any pravisian os clause of this Security Instrument or the . P3or¢conflicu with applicaEt[e law,such conflict sFtati not affect other provisions of this Security Instrument or the Note ' ' which can be given e�ect w'sihout the co:llicting provision.Ta this�nd the prorisians of this Security Instrument and the . ' Note are decfared to be severable. � l6. Botrower'e Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. � 19. Tn�ster af the Praperty or �Beneflcid Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred(or if a beneficial interest in Horrower is sold or trans{'etred and Bonower is not a natural person)without Lender's prior written consent, [.ender may,at its option,require immediate payment in foll of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security insirument. r-- --_=_ It l.ender exercises this option.Lender shall give Borrower notice of acceleration.The notice shaU provide a period ` of not less than 30 days Gom the date the notice is delivered or mailed within which Borrower must pay all cums secured by this Security Instrume�t. if Borrower fails to pay these sums pnor to the expira�ion af this pericxi,Lender may invoke any remedies permitted by this Security tnstrument without funher notice or demand oa Aorruwer. , 1e.Borrowet's Riqht to Reinstata If Barrower meets cenain candihons. Borrow•er shall have the nght to have enforcement of th�s Security instrument di�;antinued at a�y time priar to the earher of:(a►5 day�(or such other penod as L �pplicaF�te lau may sprcify fc�r re�nsta�lement)before sale of the Property pursuant to any powet of aale ccmtained in It�it 5ecurity lnstrumcnt;or(b)e�itry of a)udRment enforr�ng this Secunry Im�n�ment 'rhose r�mdihom s�re that F3�rrower. (a) pays �,endet t�ll sums which then w�ould be due under this Secunty lnstrument and the Nrne had na acceleratu+n � c*ccurred, tbl cures any default of any other c�venan�c or agreements; (c1 �►ayti a!!e;pense� �ncurred �n enf'orcinK this 5ccun�y (nstrument, including, hut �t�ii I�rnUed t��, reationable a�tr+rncy� fecs, and (d) takc4 ;urh .iru�m :iti 1 endcr may reaumahly rec�uirr tr, ;�ccure th<q the lier► nf th4� 5eeur�ty Instsument. Len�er'� r:ghtti �n :hc E're��rty ar�d Il:+rn��eer'� �� ,� ��bhRaU�t� tu �:�y ihe �um� cerurcd bp thi� ticcunt} Intiltumtnt �h�ll c��r�ttnue un�haiiKed 1'r��n tcm�t:�tcmrnt h� �'• ° {��rruwet, tiu�tir��infy Imtrument ar�d ttie��hligatum<<rcurcd herehy tihall remau� ti�ll� e0c�tiLr.�.�t n�ti.��rclerati��n ha�f �K.LUNfYI �U�KCLft.IF71'�fiF}lf 1��fC111tfOfC tiI1JI�tl1�1.�rri� ��,�t��a.r��f ac�clerau��n iindcr ��.��.�cr.��+tr. 1 1��r I' �