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<br /> `��i" If l.ender requirad mort�e iniuranoe a�a cAndidon of makina the lan�ecured by this Secudty lnstrument,
<br /> ���'� `� = Borrower tlull pay the premiums required W a�ainWn the iasurance in edect until tuch time iu the requir�anent for tbe
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<br /> , , ' in�urmce terminata in�ccordance wlth Borrower'��nd I.ender't aritten yreemrnt or�pplioable I�w.
<br /> �• • 8. Iaepectioa. Lmder or its a�ent mey m�ke rc�uonable mtrie�upon�nd inspections of the PropertY•L�ender
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<br /> . shall�ive Borrower notice�t the time of or prior to�n inspaction�pecil�in�reaionabk c�use ior the inspectbn.
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<br /> = �"'•"�� 9. C.oqdein�uNo�. The prceoed�of any awud or cWm for damaQes,direct 6r conioquentid,in aonnection with
<br /> -'��':�"� any condemnation or other wking of any put of the Property,or for convey�nce ie lieu of condemn�tbn,�ra hueby i�
<br /> o____=,��-�.. .R - uti�ned md shal!be p�id to I.ender. —
<br /> °=�_•,• Io the event of a total taking of the Property,the proceeds shall be sppliod to the sums sxured by this Sxudty
<br /> '�v{''`F lnstrument,ahether or not then due,with an eacas d to Horroaer.In the event oP a p�rtial taking oP the Property� _-
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<br /> ` -'—�==:F�:.:•ro�.• unlas Horcoaer aad Lender otherwise a�ree in writinQ,the suma�ecurad by this�recurity In:trument shs116e reduced by �
<br /> �'��'���`�• the anount of the proceed�multiplied by the followingfr�ction:(a)the total�mount of the sums cacured immedi�tely =
<br /> `g•°'" `� �� before the talcin p�Y `�
<br /> ��_:.. -- g.divided by(b)the idr muket v�lue of the Pro iramediately beforc the t�kin�.Any balance�h�l)be
<br /> ,��_��.,�� paid to Borrower.
<br /> ��^�,r+�•s,;,- I f t he Pro p e ny i�a b An don M b y B o r r o w e r,o r i f.a ft e r n o t i c e b y L e n d e r t o H o n o w e r t h�t the wndemnor olFen to �'-
<br /> - -__r,��,�^n - make an Award or�ettk a claim Por dunages.Horrower Pxils to respond to Lander within 30 days after the dwte the nottce is �
<br /> � �: + a given,Lender is authodzed to collect and apply the proceals�at Its option.either to restontion or repair of the Property or �;w,
<br /> ��:�'.�'�' ` to the:�ms secured by this Socurity lnstrument,wbether or not thm due. �_�,_
<br /> -'i''�g-�f' "-� Unlas Lender and Borrower othervvise sgra in wriling,any Applieation of proceeds to principal:b�ll not extrnd or
<br /> :'�T. ��� � �� po�tpone the due dAte of the monthly payments referrcd to in puagrt�phs 1 and 2 or chAnge the amount of�uch payments. v±.:
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<br />•._:Y;;�. , � .. ' 10, Horrower Not Rele�ed; Forbeannce By Leader Not� W�Iver. Eatension of the time for pAyment ot ��"
<br /> -=��; ' .�s�}�_ , modi8cation of amoRizalion of the suma securod by this Security �natrument gran�ed by Lender to any successor in _'--``
<br /> -�,;. ��•��-g v�' interest a i H orrower:ha p not operate to re leaae t he l i a b i l ity o f t he o r igina l B orrower o r B o r r o w e r's a u c c a s o r s i n i n t e r a t. �-
<br /> `'�x� �''� , , Lender shall not be rcquircd to commence proceedings against any successor in intercst or refuse to extend time for �.�
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<br /> ":-'. �'+�� . '� �� payment or othenvi�e modify emortization of the sums secured by this Securiry lnatrument by reason of any demand m u le
<br /> ..'��=� ' "Q.�: .. by the originwl Borrower or Horrower's succasora in ioterest.Any forbearance by Lender in exerci�in�any ri�ht or romedy �1
<br />-�::�rr •r�_���''� • shall not be a waiver oior preclude the exercise of any right or remedy. ��
<br /> " � s `` " 11. Succason uid Awipu Bouad;Joint�nd Se�eral Li�blllty;Catlaners. The covenat�ts and agreemmts of -
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<br />�;'s �• this Security Instrument shall bind and beneflt the euccessors and assigns of Lender and Borrower,subjxt to thc provisions
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<br /> i �� K__�'�•.•'°_k.� of paragroph 17.Borrower's covenants and agreemen�s shall be joint and feveral.Any Borroaer who casigns this Secu�ity �"
<br /> '`'""� '"�''� ' " Instrument bm does not execute the Note:(a)is co-signing this Security Instrument only to mortgege,grant�nd convey - `
<br /> -- . " ^��`�`,, that Borrower's intereat in the Property under the terms oPthis Security Instrument;(b)is not personally oblig�ted to pay �.
<br /> �;;. •; • the sums secured by this Security Inatrument and(c)agrees that Lender and pny other Borrower may agree to extend,
<br /> � . � ',. , modify,fbrbear or make any eccommodations with re�erd to the terms of this Security Instrumrnt or the Note without ��:�
<br /> �'� � '� that Borrower'scons�mt. °'
<br /> `� 12. Loan C6a+�e�. IPthe loan secured by this Security Instrument is subject to a lew which seta mrueimum loan ��:,_:
<br /> �y"�' � � `'�''•' charges, and that law is Bnally interpreted so that thc ioterest or other loan charges collectod or to be collected in -
<br /> � °•'�� � � connection with the loan exceed the rmitted limits, then: (a) an such loan char e shall be reduced b the amaunt
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<br />''� ; '� � nxessary to reduce the charge to the permitted limit;and(b)any sums elresidy collected from Borrower which eaceeded i�:
<br /> �'�� ' permitted limits will be rePunded to Borrower. Lender mny choose to make thix refund by reducing the principal owed '`
<br /> �';� • under the Note or by meking a direct payment to Bbrrower.If a refund reduces principal.�he reduction will be treatod aa a �-,,�
<br /> ' "�� psrtial prcpayment without any prepayment charge under the Note. �:
<br /> _. ;�a" � 13, LeQi�l�don ARecting Lender's Right�. If enactment or expiration oP 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 /> , �A�•ti�;; .-� ' may require immediate payment in full oP all sums secured by this Security Instrument and may invoke any remedies
<br /> �• rmitted b ara ra h 19.If Lender exercises this o tion,Lender shall take the steps speci8ed in thc second paragraph of �-—
<br /> •• P� Y P B P P
<br /> ��: ' ,� �.. ,. �� paragraph 17. —.--
<br /> • •• •� <� 14. Notices. Any noticc to Borrower provided for in this Security l nstrument shall be given by delivering i1 or by ----
<br /> • mailing it by first class mail unless upplicable luw requires use of another method. The notice shnll be directed to the �;:=�
<br /> � ..a . Property Addrcss or any other address Borrower designates by notice to Lender.Any notice to Lender shall be given by
<br /> . •`' � 8rst class mail to Lender•s address stated herein or any other address Lender designates by notice to Borrower.Any notice
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<br /> • v' huve ban iven to Borroweror Lender when ive�as rovided �'_-
<br /> ., ., pro �ded for m th�s Secunty lnstrumen�shall be deemed to g B P ..
<br /> ��;..• in this paragraph. ��'
<br /> � , IS. Governing I.pw;Cerernbility. This Security Instrument shall be governed by federal IAw and the law of the
<br /> . • jurigdiction in which thc Propeny is located. In the event thut any provision or clause nf this Security Instrument or the ��
<br /> ' ' Note conflicts with applicable law,such conflicc shall not affect other provisions of this Security Instrument or the Note
<br /> ". which can be given effect without the conflicting provision.To this end the provisions of this Security Instrument and the
<br /> Note are declared to be severable.
<br /> • �� 16. Borrower's Copy. Borrower shall be given one conformrd copy of the Nar�+nd of this Security Instrument.
<br /> � • 17. Transfer of tbe Propeny ar a Bene8ciol Interest in Borrower. If all or any part uf the Property or nny I
<br /> � interesl in it is sold or transferred(or if a beneficial interest in Borrower is sold or trnn�ferrcd and Borrower is not n natural
<br />,. • � person)without Lender's prior written cunsem, Lendcr muy,at�t�option,reqwrc immediatr payrnent in full of all sums '
<br /> ' � . secured by this Security In�trumenL However, Ih�s option shall not t►e�xerci�ed by Lender if exercise is pr.ihibited by �
<br /> � . Pederal law as of the date nf th�s Securiry Instrument.
<br /> ' If Lender excrcises this optinn,Lender shall givr Barrow•er notice r,f�ccelerrtion.The notice shall provide•r period
<br /> • ot'not less than 30 dnys from t he da�c the notice is delivered or mailed w�thin which Rurrower mutit pay all wms secured by �
<br /> �his Security Inatrument.lf Borrower faik�o pay thexe sum�prwr to thr czpiration��f thi., �:rirci.Lender ma�•invoke nny �
<br /> � �- remaiieapermi[ied'oy inis�ecurity instrument wiinuui iurinrr nui��r u�uc�nauu.���u��ii....2i. �
<br /> .." ; � � 18. Borrower's RiQht to Reinatate. If Borrnwer meets ccrtain condition..Harrower shall ha�•c the right to huve
<br /> .,. � , enl'orcement of this Security I nstrument disrontinued at any umr pnur t�+Ihe rarlier c�L la)5 duyti(ar�uch othrr pericxi��
<br /> •� applicablr luw•may�apecify for rein.wtement)before+alc of rhe Pro{xrty pur,uant to s�ny powrr��f sale contained in this �
<br /> . � '� Security Instrument;or(h)cntry uf u judgment enforc�ng thi.Serurity In�trum�ni.'1'h�nc conditiona are tha� &�rrower:
<br /> .-� � (a) pay�Lender all wms which then would be due unJer thi� 5ecunty Imtrument und the Nute had n��acrelerauon
<br /> � occurred;(b)cures any defaull of any other covenantti ar agreemrnt.; Ic) pay.s►11 rx�xns�h mcurred m enforcmg th�s
<br /> , Serurity Instrument,including,but not limited to, reu�onable uuorncys'fi•es;unJ(d►take�,uch acuun u� Lender may
<br /> reasonably require t��atisure that the lien nf Ihis Security Instrument, Lender's righls in the Prc►perty and Horrower's
<br /> ' obligution to pny thc sums secured by thic 5a:unty In+trumcnt Shal) contmue unchanged. tlpon reinstalentent by
<br /> Borrower,this Securi�y Inurument and the obligations secured hereby�hall remain fully eBective a�if no acceleralion h�d
<br /> � occurred.However,thia�I�ht to reinstate shall not apply in the case of acccleratinn under paragraphs I 3 or 17. ;
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