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<br /> �„a�:. •A ;. If Lender raquircd mort�e insuru�ce ai a condltian oP m�kin�the loan�ecured by thif Security Instrumrnt, _ . . '•�ti;.�,�'°,.:�.
<br /> �� Borrower�h�ll p�y the premiums required to nu�intain the insunnce in el�ect until�uch�Ime as the raquiranent for the � „ '
<br /> � ' "� � inwnnce termin�t�in acco�nce with Borcower's and Lender't written�arament or applicAble Irw.
<br />-- ,, Y. la�Oeetioa. L.ender or iu aQent m�y mdte ra�onable entries uprm aad inspoctions of the Property.Lender .. ._—°
<br /> , • ' shsll�ive Borroaer notice at the time oior priar to an in�pection ipxifyin�reasonable cause for the ins�ection. •~����+�:
<br /> � - • �• 9. CondemMalloa. The proceeds of any awud or cl�im for dam�ga,direct or consequrnli�l,in connxtion with
<br /> -� '��` : :• an condemnation or other ukin d'an h of the P�o rty,or ior conve ance in lieu oi condemnotion,are hercby
<br /> , Y B Y PA Pe Y -'...��,�i'�3�:,;
<br /> ., . •• .. aui�nod�nd shAll 6e p�id to Lender.
<br /> � In the event of a total taking of the Property,the prceeeds shall be�pplied to the sums secured by this Security ,� . : ' "
<br /> lnstrument,whether or not�hen due,with Any excess pald to Horrower.ln the event of a pnnipl taking of the Property. !��� '
<br /> unless 8orrower and Lender ot hawise sgne in writing,tbe sums secund by ihis Security Ins�rument shall be redurxd by
<br /> the amount of�he proceeds mukipi�ed by the folbwing i'rACtion:(a)the total amount of the sums securod immediately
<br /> • • � before the taking.div�ded by(b)the fdr muket value of the Property imaKdis�tely bet'ore the�akiog.Any balw�ce sha�U tre ' ,•� •
<br /> , paid to Borrower. �` �' �
<br /> ��'"�..'1�.,'.''.,'.:.! ''': .,
<br /> ' If the Property is Abando�ed by Borrower,or is.aflsr�amtice by lxnder ta�Hcrrrower t�at the cu�ndemnor offess to �:'�',���:r��!r�.•�;�:;!'�r%� •,.,
<br /> ' ��?�,� � ' . � make an owAad or settle a clairt�for damages,Horrower tai0s tfl respond to Lender wia6��n 3�0days after tfic date t?�e notice is '' ' ��,��`�:
<br /> +' ' � :.,; ,. ';�> g�ive�,Lender is Rutharized tocollecn a�d apply t�he ptocoeds,ai i�s o�tion,eithe�t��estoration or repaiT of d'he PP�o�rty ar �h :,, ,(�_�
<br /> �' ' � j;<< rr' � , to the sums sKCwed by t'his Security 9�strumcnt,whether or not 19+er�dui. A' .
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<br /> ��'��� � � `i`� �� ' � �'' Unless Lm:ler nnd 8orrower oth=raise a ree in writin ,an a fication o1' roceeds to rinci aa shal�nst extencl ar � ',� r;"F"`
<br /> ' ���-�•�'•:,.:. :� � �'f. �! ��`s�! .,f�`.. B B Y PP 4' P P `�: ,�.��',�.
<br /> �.":}•'���r�,' � � •�,.(�-;•,;,•,.,;:,�.,:.�. postpone the due date oi the m¢►nthly paymenas rePerred to in paragraphs 1 a�nd=or change the amouna oP cuch payments. ' -
<br /> � ' ,' "`��'_;Y;:'��•�::'•�'; 10. Borrower Not Re�e�sed;For6eannce By Leader Not� Wa�iver. Extension oP the time for payment or ..
<br /> . , � ,....,�r,r,.;:'�;'�
<br /> , . modi8cation of amortization oP the sums secured by this Security Instrument granted by Lendec to any succasor in . �::,
<br />. interest of Borrower shall na operate to release the liability of the original Borrower or Borrower's successors in interest. •.� �1f�F'�f��-.
<br /> . . Lender shall not be requircd to commence procee:dings against any successor in interest or rcfuse to extend lime for � ���<<:.
<br /> • paymmt or otherwise modify amortization of the sums secured by this Security Inatrument by reASan of eny demend made
<br /> ' by tfie original Borrower or Borrower's successors in interest.Any forbearance by Lender in exercising any�ght or reme�y � .-
<br /> � xhall not be A wAiver oPor pral ude the exercise of any�ight or remedy. `
<br /> . 71. Succes�on�nd As�l�Bound;Jotat aad Se�era! U�611ttyi Ca�iQnen. The cavenam�and agreemems of �
<br /> this Security Ins�rument shall bind wnd bencRt the successors and assigns of I.ender ond Ba�ower,subject lo�hc pravisiona �
<br /> oPparag�uph 17,Borrower'scovena�nts and agramenta sh�ll be�oint rnct severai.Any 8orrower who casigns this Security i -�� •
<br /> ^ Instrumnm but does not execute Ihe Note:(a)is co•sig�ing this Security Instrumenl only to mortgage,granl and convey
<br /> , thal Bo�rower's interest in the Pro�xrty under the terms of this Security lostrument;(b)ib not�►ersonally obNgated to p�y `
<br /> the xums secured by�his Securi�y Instrument;end(c)egrces that Lender And any othcr Bcirrower may agra to extend, � ��
<br /> modiPy,forbear or make any�accommodation:with re�ard to the tem�s of this Security Instrument or the Note without �
<br /> that Borrower'�consent.
<br /> ' • � � 12. Lonn ChprQes. If thc loan securcd by this Security Instrument is subject�o a lew which sets maaimum loan
<br /> ' charges, nnd that law is flndly interpre�ed so thet the interest or o�her loan charges callected or to be collected in • �
<br /> connection with the loan eaceed the permitted limits,then:(a) any such loan charge shall be reduced by the amount
<br /> necessnry to reduce the charge ta the permitted limit;pnd(b)any sums already collec�ed from Borrower which eaceedod •
<br /> ' �• permitled limits will be refunded to Norrower.I.ender may choase to make this refund by reducing the p�incipal owed , .
<br /> � under the Note or by makingu direct payment to Bbrrawer.lPa refund reduces principal,�he reduction will be treated as a �
<br /> ��R partial prepayment without uny prepayment charge under the Note. � •
<br /> '; ;' � � 13. I.egislAdon ABecting Lender's Rlghts. If enactmeni or expiration of appNcable laws h�s the eflect of �'' '
<br /> ' ,, . ' �; .`;.. �;. ��,' rendering any provision of the Note or this Security Instrument unenfarceable according to its�erms,Lender,ot its nption. � . ,
<br /> � may require immediate payment in Pull of all sums secured by this Security Insirument and may invoke any remedies .
<br /> � � • . � , � permitted by paragraph 19.If i.ender exercises this op�ion,l.ender shsll take the s�eps specifled in the second paragraph of � • -
<br /> ' ' paragraph 17. •
<br /> , 7 14. Nodces. Any nu�ice to Borrower provided for in this Securi�y Instrument shall t+e givrn by delivering i�or by �
<br /> •� � '� % • mailing it by first class mail unless npplicable Inw requires use of cnother method. The notice�hall be d�rected to the
<br /> , . Property Address�r any other address Borrawer designates by natice to Lender.Any notice to Lender shall be given by �
<br /> � �i first class mail 10 Lender's add ress stated herein or any other uddress Lender designates by notice to Borrower.Any notice `
<br /> �� provided for in th�s Security Instrurnent shall be deemed to have been given ta&�r�ower ur Lender when given as provided i
<br /> • • in this peragraph. �
<br /> � 1S. Covern(ng I.aw;Cerer�bility. This Security Instrument shall he governed b}�federAl law•und�he law of the '
<br /> . � juri�diction in whirh the Propeny ix locn�ed. In thr event thut uny prov�sian ar clauk��f this Security Intitrument or�he ;
<br /> ' . Note conflicts with applicable law, such conflict shall not affeci other pruvisions��f this Security Instrumem or Ihe Note
<br /> wh�ch can be gi�•en eflect wiihou�t he conflicting provision.To�his end the provi.ions��f this Security Inatrument and tlie
<br /> Note are declared to bc severable. �
<br /> � 16. Borrower's Copy. Borrowrr,hnll Ne given nne runfiirmed c��py��f thr Notr and o(thi�Secunty Ins�rument. i
<br /> 17, Transter of the Property or a BeneHcial Interest In Borrower. If all or any part uf the I'roperty or any
<br /> interest in�t u�old i�r Iran�ferred(cir if u brnrficiul u�trretii in Ilurrawe���+old or�r•rmfcrred•rnd Hnrrower��not u natural
<br /> per�on)wuhuui LenJcr'r prK•r wntten ran+rnt,Lendcr may�,nt u�upu�m,rcywrr�mmrJ�atc pa��menl m full of•rl)�ums
<br /> secured by th�+Secunty Imtrum�nt. HoK�rvcr, th�s upUun�hull noi hr�xeir��cd hy Lrnder d exercire i�proh�bit�d by
<br /> federol laa•as of t hc datr��f�hi�Sec unt�•In�t rument.
<br /> If Lender exerci.rs thiti op�i�m,Lender sh•rll gi�c liorruwrr nut�cc��f acccleraucm.'1 hc not�ce�hnll pronde a period
<br /> ot'not lesc thun 30day+fr�imihedute ihe nonrr irdrh�r.rrJ ur ma�lyd�+•uhin whirli Nurroa•cr mu�t pay•rll�.ums tic�.ured by
<br /> .�..c_...._:.. t_.._......... t�•n............P...1.� ...1.......�..,.... .�.,�6....vrur:.unn.�f�h�,n.•n��d I rndrr mn�•�n�v�l•e nnv
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<br /> remeJie>permitted b��thiti 5�runry Instrument aithout furthcr nuuce urdemand un Horraw•rr.
<br /> 18.Borrower's Right to Reinstate. If l3nrr��w�er meet�crna�n ccmJ�tum.,H��rruwrr�hull I►arc Ihe nghl to havr
<br /> entorcement o!'�his Sccunty Irntrument duranunued at an�•�ime pnur���ihe earl�rr uf:1a)5 d.+�•ti(��r tiurh o�hcr per��xl a+
<br /> • , a�+plicablr laa may Spec�fy fo�rein�talcment)befora�afe��f•4:a Propercy,ur�uant �u any��wrr�+f�ale canlai�icd�n thiti �
<br /> � � �� Srcurit� lnstrument;or(h)e+�+r}e�f a Judgmem enforc�ng �:u�Sr�anC�. Iu�:tLm:nt.l�ho+e condrtti�nti arc Ihet Hurcuwer.
<br /> ' �•;�;,.;:',.,�: •� ' (a)pays Lender all wmti w�h�ch then would be due undrr s'n,s Secur��} Im.trurn:e7t and thc Notr had no a�celeruhon
<br /> �"::�•:� : • occurred; (b)cure� any default uf any othar co�enant�or agreemen�,.Ic� pa}�ull expenveti incurred m rnfixcmg Ihis �
<br /> � �:�.�' Se,urity Instrumrnt,mcluding,but not I�mited �o.rea►onable attarnc}+ fees, and (d)taketi�.un .a,:r.un ati Lei�Jrr may '
<br /> _ ,_��,�,:;� :����,;, • reasunably requ�re tu assure that the lien of this Sccunty Instrumem. l.ender's ngh�ti �n the F'ruperty anJ H�irrower's
<br /> � . ' !,'.; � obligatiun to pay� the Yums secured by this Secun�y In�trument shall conhnue unchnnged l.�pun reinstatemen� hy
<br /> "�;'�`��,�• � '� ���':•��; He>rrower,Ihiti Securit�Instrumrn t and ihe ubligat�ons secured hereb�+shall rema�n fully eSecU•.e as d no accelerauon had �
<br /> • i 1,'�',,.t,':;�•,..• , ��.:
<br /> ,•� , ,•,,:;,,i. :�;, : occurred.However,this nght toreinslate shall not apply in the case of acceleration under paragrapfis 13 or 17.
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