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<br /> �� �' If l.aider r�quirod mort�ye imuraaa�s a oonditioo af a�alcinQ the loan�ecured Ay thi� Security Instrument,
<br /> Hotrower ihall p�y tbe premiums roqulned to nuintain the imuranoc in edect until such time as�he roquirana�t for the , - �<r:�.;_
<br /> • - insu�nce terminrte�ia oacordanco with BoKOwer':and L�t►der'a written��eement or�pplicable�w. i_flA-�-- ----
<br /> � ' S. ba/�et1o�. I.ender or its sjan msy mvice rason�ble entria upon and inspections af the Property.I.�nder �:.��____._�•-_ __
<br /> . � sh�ll give Borrower notice�t the time of or pdor to an impection specif'ying rea�on�ble causa for Ihe inspoction. �:>���II.==;y-
<br /> 9. �oedeuuuqai. The proceeds oPRny awud or cl�im for dsm�ges.direct or consequemial,in connaction with �"��l�::;�y�,==.:
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<br /> •ny coademmtion or other akiag of�ny part of the Property.or for conveyaoce in lieu of condemn�tion, �►e hereby . .�,Y:���'=;:�,
<br /> •ssi�ned and ah�l)be paid tA Lender. � �.��.�.��
<br /> I�Iha eveot of A totaf uking of the PropeRy,the procoed�a}ull be ppplied to the sumc socurcd by thu Security . ,, ,.,,..,,,,r,�„�;
<br /> � lmtrumen6 whether or not then due.aith tny excas p�id to Horroaer.!n the event of a pnrtial wking of the Property. ���• �:�=��=�-
<br /> unless Borrower And Lender otherwise a8[ee in ariting.the sums coeured by thig Secucity Itutrument shall be reduced by ,
<br /> the amount of tlK procc�eds c�eu[tiplied by the Pollowing factiou:(a)the tc�tal amount d'the sums cxured ima�ediately 'j � .. ._
<br /> before the u�iciog.d�vidod bF fb?t6e fair m�rket vdue of the Property iwmediately befote�he talcio�.Any balanve skall be ;;, � .
<br /> . p�id toRnrr�wer. a � . .. '...;�.y.;►�.;-.
<br /> A� �.�',i�-i.�2,s��-.
<br /> ' If 1he Property is sE�aoclw�od Dy Scxrower.or if.after nocia by Leader to Borrorrer tdat tbe ca�demaor oQe.r�to , r,, ?.'•.
<br /> mdca�n awud or setde a claim for damtQts.Borrower i�to respond to Lender within 30 dsYs s�iler the date the notke is �•.`,,�..�
<br /> . givrn,Lender ie xutharized to collect and ap�flX the psoceed�.nt ies option.ei�her to Kstoiation or repair of the Pmpetiy or �� . .���.°:.
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<br /> to t6e tunu secured by ihis Secunty Instrument,wbether ar not thea dae. � .�; :_-E��"'
<br /> ., ,�� Unless Lender and Horrowu otherarlre Agree in writin�,anX���liCStion of praceeds to principal ahall not ex�t2nd or q,, ';.�• i _ _
<br /> • �:•'�' • postpone the due date of the monthly paymrnts referred to in paragraphs 1 and 2 ar change the amount of such pnyments. 1 . tf='J=n�
<br /> , � .i.�`�.,� 10, Borrower Not Rela�ed;For6earance Hy I.ender Not a Wdter. Factension of the time for payment or I �' '�;';� ,.,�_,
<br /> �,''���:�� , modiQcatlon oPamortization of the sums securcd by this Security lnstrument gnu�tad by Lender to any successor in � `'
<br /> ' � � `�"1��� �; ' ' interat of Borrower shaU not opaxte to relcase the IiaMlity of the ori�inal Borrower or Borrower's succasors in interest. � �
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<br /> . • not be r ulral to commence racadings against any sucassor in interest ur refuse to extend time for �'!''�;'.`1,'' `
<br /> , �., � �.�,��'!�; Lender siull eq P ' -
<br /> -� , p�ymrnt m otherwise modify amortization of the suaic securcd by this Security Instrument by reawn of any demand made I
<br /> '; �,�' • . by the otiginpl Borcower or Borrower'a successors in interat.Any fbrbe�mna by Lender in exerciring any right or remedy � y-��,
<br /> sball not be a waiver of or prxlude the exercise of any r�ght or remody.
<br /> ;.��•,.' 11, 3uccasors�nd Ard@n Boundi Jolot and Se�enl WbWty;Co�siQaen. The covenants and agraments of �.. �,�:
<br /> - :..`` � �"�- - this�xurity Instnemrnt shell bMd nnd I�eneRt the successors and assi�tns of Lender and Borrower,su6jxt to the proviaions ; • ••;���
<br /> �' :�`:t.��� af paregr�ph 17.Borrower's covenants and egraments ahall 6e joint and several.Any 8arruaer who co-signs this Security `" `� --•'�
<br /> . • �' • Instrument but does not exxuta the Note:(a)is caaigniag this Security Instrument only to mortgage,grant and canvcy I , �
<br /> . ..; that Borrower's interest in the Property under the terms of this Security Instrument(b)is not personally obligated lo pay � �
<br /> . ; , .',;�,. • the sums secured by thia Security Inatn�ment;and(c)agrees that L.ender and any other Horrower may agree to eatend, �
<br /> � � ' � modify. forbear or meke any accommodationc with rcgard to the tcrms of this Security Instrurnent or the Note without i �
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<br /> . , t���`:�;,., '. that Bocrower s consent. ;
<br /> 12, Lopu Ch�. If the loan securod by this Security lnstrument is subJect to a law which sets mauimum loan �
<br /> ' ' charges. and that law is finally interpreted so thet the interest or other loan cherges collectat or to be collectai in ; ,
<br /> connoction with the loon eaceed the permitted limits,then:(R)any such loan charge shall be reduced by the amount {
<br /> ' necessary to reduce the cherge to the permitted limit;and(b)any sums alrcady collected from Borrower which eacaded
<br /> permittod limits will be refunded to Borrower.l.ender mRy choose to ms�e this refund by re�tucing the principal owed
<br /> , undertheNote or by making n direct payment to Borrower.IPa refund reduces principal,the reduction will be treatod as a
<br /> � • ' � perti�l prepayment without any prepayment charge under the Note.
<br /> : ' � � 13. Legll4lalloo Aftcettng Leader's Rights. If enactment or ezpiret�on of applicnble laws has the effcet of
<br /> . renderingany provision of the Nae or this Security Instrument unenforceable According to its terms,Lender,at its optiun,
<br /> ��!�.�, may aquire immedfate payment in full of all sums secured by this Security [nstrument and mey invoke any remodies
<br /> ,. �••�;;; :, permitted by paragraph 19.If l.ender exercises this option,Lender shall take the steps specitkd in the second parag�aph of � ; :
<br /> <. .'7�;:� ;;� ' paragraph 17. .
<br /> '. , ''�'�'� 14. Not�ca�. Any notice to Borrower provided far in this Security Instrument shall be given by delivering it or by
<br /> maaJing it t*y first class mall unless applicable law requires use of another method. The notice shall be directed to the
<br /> � :'� • � Pro�eerty Address or any other address 8onower designales by notice to l.ender.Any notice to Lender chnll be given by
<br /> rt
<br /> � : • �'�:••�. � fiQSi class mail to Lender's address statcd herein ar any other addreav Lender designates by notice to Borrower.Any notice
<br /> provided ior in this Security Instrument shaiD be deem�l to have been given ta Hosrowar or Lender when given as provided
<br /> , , i1;�i:r',`. 'tt+ahisparngraph. .
<br /> ' '`.�! iS. Go�erntag I.ow;Se�ernbility. '�'4�is Seturity Instrumen!sfiall be g�v�rned by Pederul Inw and the laa•of the ,
<br /> '� ? , jurisdiction in which the Property is locattd. ]n the event that any p�ovision��r clause of this Securiry Instrument or the '
<br /> '� ,, , ,
<br /> •. ;�,�•r,,:.. E ' .! Noteconflicts with applicable law,such con�lict shall not afleet other provisians of this 5ecunty Instrument or the Note
<br /> � .�;. . ":, � which can be given effcet without the conflicting proviairc�n.To ihis end ihe provi��o�s oi'this Security Instrument and the ��•
<br /> • ;,i,, ' Note are declared to be severable. �' ,
<br /> • ' '.' ' l6. Borrower's Copy. Borrower shall be given one conformed copy oP the ti¢�tt and of this Secunty Instrumtnt. �;.
<br /> , •� 11. Tnadu ot tbe Property or a ikneflcia!lo�terest ia�o�rrower. [f a!)or any part of the Property or nny ,':,,
<br /> ' ,� interest in it is sold or transfened(or if:,fi�ne�:ia!intzresi in HonnK�er»��Id or trantifcrred and&rrcwer is not u natur�l
<br /> � � person)without Lertder's pnor wntten consent. Lender mAy,ut ns op�ion,reqwre�mmediatc pr�men�m fuU nf a!I sums
<br /> : '�', sxurcd by tnis Secunly Instrument However, this rpn:�re�hall not be exercised by Lender�f exercise is prohil�ued by , .
<br /> ferderal lew asoPthednte of th�s Secunty Instrument. ,
<br /> � lf Lender exercises this option,l.ender sh�ll g��t Borrower notice of accelerauon.The notke shall provide a periad .
<br /> � of not less than 30 days from the da[e�he nouce is delwered or mailed K•uhin which Bormwer must pay all sums secured by
<br /> .�n----°'--t-_�-'--.....L�.... ..�.,d.�.■nir��u�n n/�Ih�c nC�K7A.LttldC�fD7Y tO�OICt 70Y
<br /> t�is�ecuriiy inai�uu�ctii.u u���v..���a�u.v��.......�..::.°.j..^.:...--'--'-•r- - •
<br /> � rcmediapermitted by�his Security Instrument v►n[hout further nmice or demand on Borrowcr.
<br /> 18. Borrov►er's Rigdt to Reioetate. If Borrower meets certam cond�tKms.8nrroaer shall have the nght to h�ve
<br /> � mforccment of this Securiry Instrument dncontm�at any time pnor to the eartKr of:(•r)5 days lor such n�her penod as
<br /> i applicabk law may specify for reinst�teROene)befure s�je of t!x Prerperey pursuani to any power of snlr cantamed m this
<br /> � Seeurity Instrument;or(b)entry of a jadgcroent enfarnng the Sc+c�xr�ty Instrument.Thase rondi�wns are tha�&irrower:
<br /> (a)p�ys Lender all sums whicM thm woufd be d�e ur�der chn Secunty Instrumem �md�he Nrne had nu urcelerati�m
<br /> oceurced;(b)cures any default oP any other covmanrs or agramems;(c)p�ys all ea�xn�es mcurred m etiforcmg this
<br /> Security Instrument, mcluding,but not lim�tod to,rpson�ble attarneys' fees:and(dl takcw.uch acunn a� Lender may
<br /> • reasonably reqwrc�o assurc that the lien of this Secur�ty Instrument, Lender's nghb m�he Prnperty and li��rrower's
<br /> obligation to psy the sums secured by this Secunty Instrumrnt shall conunue unchanged. Upon re�nstatemrnt by
<br /> Borrowa,this Security Instrument and the obligauons securcd hercby shall remam fully eflert�ve a�if no acceleronon had
<br /> oocumed.However,th�s nght to reinstaee sha0 r�ot apply�n tbe case of aooeleration under pa�nphs I 3 dr 17
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