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<br /> r li'Lendcr required martgugr insucance as a conditian of making the loan secured by this Security ln�trument,
<br /> � Aorrc�w�er shall pey the prmniums requi�ed to maintain the insurAnce in effect until�ueh time�s Ihr requirement for the
<br /> insu�ance tcrrninates in accordance with 8orrawer's und Lender's�v�itten ag�eement or applicable law.
<br /> � 8. d�upecttan. Lender or its a�ent may make reasonable entries upon and inspections aP the Prcperty. Lender
<br /> shall�ive Horrasver natice At the time of or prior to un inspect��n cpecifying reasonable cnuse for the inspection.
<br /> 9. Condemn�ttton. The praceeds of any award ar claim for damages.direct ar con�equential,in connection with
<br /> � any condemnation or other taking of.s►ny part of the Property. or for conveyance in lieu of condemnation, ure hcreby
<br /> assigned nnd shall be puid to Lender.
<br /> in the event of a total taking of'the Yropeny, the proceeds shall be applied to the sums secured by this Security
<br /> : Instrument.whriher or not then due, with any eacess paid ta 8arrower. ln the event of a partial tuking of the Property�
<br /> unless Horrowrr and Lender atherwise 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 amaunt of the sums seeured immediately
<br /> , before the taking,divided by(b)the Pair market value of the Praperty immedialely before the taking. Any balance shall be
<br /> � � . paid to Bonower.
<br /> IP the Property is abandoned by Harrower,or if,af�er notice by Lender to Horrower that the candemnor oSers to
<br /> make an award or settle a claam far damages,Borrow�er fails to respond ta Lender within 30 days after the date thG notice is
<br /> _ _ _ __ _ ! given.Lendtr is autharized ta collect and annly the�+r�Prdc.�t irc�rti�n,Pirhpr s..re�tor�tion o*reFair of t!:p Pr�peri�or
<br /> ' to the sums secured by this Security Instrument,whether or not then due.
<br /> Unless Lender pnd Borrower otherwise agrce in writing,any application af proceeds to principal shall nat eatend 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 /> � 10. Borrower Not Released; Forbatr�nce By I.ende� Not a Waiver. Extension os the time for payment or
<br /> modification of amortization of the s�ms secured by this Security Instrum�ent granted bv Lender to an� successor in
<br /> interest of Borrower shall not operate to release the liability of'the original Bonower or Bonower's successors in interest.
<br /> Lender shap not be required to commence proceedings against any successor in interest or refuse ta extead time for
<br /> payment or otherwise modit'y amortization of the sums secured by this Security Instrument by reason osany demand made
<br /> . by the ariginal Borrower or Borrower's successors in interest.Any farbearance by Lender in exercising any right or remedy
<br /> � sha1)not be a waiver of or preclude the exercise of any right ar remedy.
<br /> 11. Suecessors and Asslgns Boued;Jotnt�nd Several Liabillty;Co-signers. The co�•enants and agrcements of '
<br /> this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower,subject to the provisions i
<br /> of paragraph 17.Borrower's covenants and agreements shall be joint and several.Any Borrower who casigns this Security
<br /> � Instrument but dnes not execute the Note:(a)is casigning this Security Instrument only to mortgage,grant and convey ; . �
<br /> ' that Horrower's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay j ; -
<br /> ' tha�u•:•;�.�.u:��S t3�i��.�„�y t�,���u.-,ieui;anu fcj agrees ti�ai i.ender ano any ot�er�iottower may agrce to extend, -- -
<br /> modify,forbear or make any accommodations with regard to the terms of this Security ]nstrument or the Note without - �
<br /> ' that Borrower's consent.
<br /> l2. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum laan -
<br /> charges, and that law is finally interpreted so that the interest or other loan charges callected or to be coliected in --_
<br /> connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br /> neeessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded
<br /> : � permitt�d 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 reductian will be treated as a
<br /> partial prepayment without any prepayment charge under the Note. �
<br /> , 13. I.egtslatlon Aftecnng I.ender's Rights, lf 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 by this Secnrity Instrument and may invoke any remedies � ±
<br /> � permitted by paragraph 19.If Lender exercises this option,Lender shal]take the steps specified in the.second paragraph of �.
<br /> paragraph l7.
<br /> , 14. NaNees. Any notice to Bonuwer provided for in this Security Instrument shall be given by delivering it or by ��`�
<br /> maiting it by first class mail unless applicable law requires use of another method. The notice shaA be directed to the `��'1
<br /> Property Address or any 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 uny other address Lender designates by notice to Borrawer.Any notice �
<br /> provided for in this Security Instrument shall be deemed to have been given to Bonower or Lender when given as provided �
<br /> in this paragraph.
<br /> � 15. Govereidg Ls�w;Severability. This Security Instrumcnt shall be governed by federal law and the law of the
<br /> jurisdietion 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 /> i which can be given effect wittsaut the can8icting provision.To thi�end the Fro�isions of this Security Instrument and the
<br /> �� Note are declared to be severabte.
<br /> 16. Borrower's Copy. Borrowet shall be given one conformed copy oP the Note and of this Security Instrument.
<br /> 17. Transfer of the Property or a Beneflclal Interest in Bonower. If all or any part of the Proper�y or any
<br /> interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Horrower is not a natural
<br /> • person)without Lender's prior written consent,I.ender may,at its option, require immediate payment in fuil of all sums
<br /> seeured by this Security lnstrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br /> federal iaw as of the date of this Security Instrument. ,--_-_,_ .-
<br /> If Lender exercises this option,Lender sha11 give Borrower notice of acceleration.The noticeshal) provide a period '
<br /> of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all cums secured by
<br /> this Secutity Instrument.If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any �
<br /> remedies permitted by this Security Instrument without further noticc or demand on Borrower. �
<br /> 18.8orrower's Rig6t to Relestate. If Borrower meets certain conditi�ns, Horrower shall havr the right to have
<br /> -- enforcement of this Security Instrument discontinued at any time prior ta the earlier of:(a)5�+ayc(or euch��ther period as �j
<br /> � apphcable law•may specify foT reinstatement)before sale of'the Property pursuant to any power of'sale contained in this �
<br /> Security Instrument;or(b?entry vf a judgment enfotcing this Security Instrument Those condit�ans are that A�rre�wer:
<br /> ta) p�yt Y.ender all �ums wh�ch then would be due under this Security Instrument anci thr ticne had no acceleration
<br /> c�ccurred: (b)cures any default of any other covenants or agreements; (c) payti all expcmeti mcurred in enf�rrin� thiti h�p`
<br /> Secur�ty Inctrument. �nclutbng, but not I�mited tc�, reaconable attarneyti teeti; and (d) take� tiuch acht�n a� I.ender mav �tA
<br /> ----. , rea�i�iiably �ryuirc tr, ��sure that the i�cn of thiti tiecurity Instrument. I.ender'ti r�Fht� �n thc I'r��prrty and li�,rm��cr'� .'
<br /> i „hligahe�n te� pay thr tiums �ecured hy thtti SecuritV In�trument tih��ll c�mimue unch;in�;ril l•'pnn ie•�n�t:iti•mrnt hy� �' `
<br /> Rnrt�}wer,thititie�ur�ty ln�Irutnent and thrnhltg<�tinmsecured hereby�hali remain h�llc rffectitic:�ti�t nn;��ccle�r.�t���ri ha�f
<br /> �x•�iurecl H��wr�rr,�h�`riRht t��rc�n�t;itc��h:�l)nnt��p�,ly in thccatic nfssccrlrratt�,n undcr T�.�raer���,hti 1 ���c 1�
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