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I � $9-- 10��35 . � If L,endcr reqaircd mortgage insurance as a condition of making the loan stcured by this Secujity Inssrument, Bonower shall pay thr pr:miums re�uirr�to maintain the insursncr in e�'est unii!such tlma as the rtquiremtnt for the insurance termi�ates 1fl�CCOfdance with Borrower's and Lender's writtcn agramrnt or applicable law. s. In�e�etloa. Lender or its agrnt may make reasonable entries upan�nd in�pcetioaa af'the Praperty. Lender ahall 6ive Borrower notice at the time of or prior to an inspection specifying reasonable csuss for the inspection. 9. Ca�dem�atioa. The prceeed�of any awud or claim for dxmages.direzt or consequential.in connection with any condemnation or othor tsking oP any psrt of the Property,or for conveyuue in lieu of conden�nation�are hereby assipied and shall be paid to T.ender. In the event of a tot�l takin4 of the Property,tbe proceeds shall be applied to the sums secured by thls Security Iaatramrnt,�vhetber or not then due,with any eaceu paid to Borrower. ln the event of a putial hlcing oP the Property, unless BornoMer and Lender otherwlse a6ree in writing,the eums sacwed by this Security lnstrummt shall be reduced by the�movnt of the proceeds multipNed by the foUowing fraction:(a)the total amount of'the aums secured immediately before the taking,divided by(b)the fair muket value of the Property immediately before the taking.Any balance shall be paid to Borrower. If the Property is abandoned by Borrower,or if.aRer notice by Lender to Borroaer that the condenmor offers to mal�e an award or settle a cldm for dsmAges,Borrower fails to respand to Lender within 30 days after the date the notice is given.Lender is authorized to collect and spply the proceeds,at its option,either to restoration or repair of the Property or to the sums secured b�r this Socurity Instrument,whether or not then due. Unless Leader and Horrower otherwise sgra in writing,any application of�roceeds to principal shall not extend or postpone the due datc a�f the monthly paymenu reftrred to in par�graphs 1 and 2 or change the amount of such payments. 10. Bo:rower Not Relea�ed; Forbeuance By Le�ier Not a Wd�er. Eatension of thc time for payment or modification of amortiution of the snms secured by this Secnrity Instrument granted by Lender to any succasor in interest of Borrower shall not opente to release the liability of the original Horrower ar Borrower's successors in interat. � I.ender shall not be required to commence proceedings against any successor in interest or refuse to extend time for . payment or otherovise modify smortiution of the sums secwed by this Security lr�strnmbnt by reason of any demand made by the ociginal Horrower or Borrower's succasors in interest.Any forbearance by Lender in eaercising any right or remedy � shaA not be a Maiver of or preclude the e�cercise of any right orremedy. ii. Snceewors aad Aat�Hound;Jol�t and Se�enl Liability;Co-�ipers. The covenants and ageements of , this Secwity Insuuneent ahall bind aad benetit the successors and assigns oi'Lender and Bormwer,subjoct to the pmvisions of ptragraph 17.Borrower's covenants and agreements shall be joint and several.Any Borrovver who co-signs this Security ' � Instrument but does aot exxute the Note: (a)is co-signing this Secwity Instrument anly to mortgage,grant and convey : thit Horrower's interest in the Property under the terms of this Security Instrument;(b)is not perso�ally obligated to psy � the sums secured bv this Securitv Instrument;ansl(c)attras that Lender and any other Borrower may agra to extend, � _t` ; � modify,farbear ar make any acxommodations with regud to the terms of this Secnriry Instrument or the Nate without =�. - ' that Bonower's consent. � 12. Lo�n G�arQa. If the loan secured by this Security Instrument is subject to a law which sets maximum loan chugts, and that law is finally interpnted so that We interest or other loan charges collxted or to be collectod in connxtion with the loan exceed the pennittod limits, then: (a)any such loan charge shall be reduced by the amount � __ necessary to redua the charge to the permitted limit;and(b)any sums already collected from Borrower which eacaded ;. pem�itted limits wiU be refunded to Bonower. Lender may choose ta make this refund by reducing the principal owed • under the Note or by making a dirpct psyment to Borrowor.If a refund reduces principal,the reduction will be treated as a �— partial prepsyment without any prep�yment charge under the Nots. _ 13 I�adoa ARatit� Lender's Ri�hb. If enactmcnt or expiration of applicable laws hu the effect of � rendering any provision of the Note or this Security Instrt�ment unenforceable according to its terms.Lender,at its option� � msy require immedutt payment in full of all sums secured by this Security Instrument and may invoke any remedies � pttmitted by paragnph l9.If Lender eaercises this option,Lender shall take the steps speciSed in the second paragraph of � P�SnPh 17. � 14. Notica. Any notice to Borrower provided for in this Security Instrnment shall be given by dolivering it or by mailing it by first class mail unless applicable lsw requires use af another method. The notice shall be directed to the '' Praperty Address or any other address Bonower designates by natice to Lender.Any notice to Lender shall be given by � . . flrat class mail to I.ender's address statod herein or any other address Lender designates by notice to Borrower.Any notice • � provided'for in this Security Instrument shall be deemed to have becn given to Borrower or Lender when given as provided , in this puagrsPb• 1S. G�ernies Lsw;Se�eraMlity. This Security Instrument shall be governed by federal}aw and the law of the jurisdiction in which the Property is located.In the event that any provision or clause of this Security lnstrument or the Note conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision.To this end the provisions of this Sxurity lnstrument and the , Note are dxlued to be sevenhla lb. Borrower's Co�y. Borrower shall be given one conformed copy of the Note and of this Security Instrument. � 17. Traatter o!the Property or s Beneflcid Interat In Borrower. If all or any part of the Property or any interest in it is sold or transferred(or if a bcneficial interest in Borrower is sold or transferred and Borrower is not a natural person)without Lender's prior written consmt.Lender may,at its option,require immediate payment in full of all sums secured by this Security lnstrument. However.this option shall not be eaercised by Leader if exercise is prohibited by fedenl law u of the date of this Secudty Instrument. If Lender exercisa this option,Lender shall give Borrower notice of acceleration.The notice shall provide a period -------- of not las than 30 days from the date the notice is delivered or mailed within which Borrower must pay all cums secured by ' this Security Instrument.If Bonower fails to pay thae sums prior to the expiration of ehis period,L.ender may invoke any remedies permitted by this Security lnstrument without further natice or demand on Bonower. � IS.Borrower'a R1�6t to Rei�st�tte. tf Bonowtr mats certain conditions, Borrower shall have the right to have , enforcement of this Security Instrument discontinued at any time prior to the earliEr of:(a)5 days(or such other period as applicable law may specify for reinstatement)before sale of the Property pursuant to any power of sale containrd in this � L Seeurity]nstrument;or(b)entry of a judgment tnforcing this Security lnstrument. Those conditions are that Borrower: (a)pays Lender all sums which then would be due under this Security Instrument and tt�e Note had no acceleration occurred; (b) cures any default of any other covensnts or agraments; (c) pays all expens�s incurred in �nforcing this w Security instrument, including,but noi limited to, reasonable attorneys'fees; and (d)takes such action as Lender may � ressonably reqwre to assure that the lien of this Security lnstrumrnt. Lender's nghts tn the Pruptny and Bnrrower'c ►!! obltgation to pay the sums secured by this Secunty lnstrument shall conttr�ue unchanged Upon re�nstatement by • �r. Bortowet,this Stcuniy Inslrument and the obl�getions secured hereby shall remam fuUy effectrve r+��f no acceleration had Y' " o¢curred.H�we�er,th�s nght tu runstate shall not apply�n the casr of acceleration under paragrnphs 1�or 17 � .�J