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1��a'u'"A'�"_"�"i� „.``-;;s-• - - �,,,,- - _.. �I �� — -'-- <br /> � . :.����. � <br /> �_ � . , •..,, <br /> '�• -:• _ _�! �.,. , � � - - - -- -- - -�-- <br /> T.�a�1 ` --�' _- <br /> ��;�� ' ' 91--�.u62U2� _ <br /> �� <br /> :;� --- <br /> . q��-� �._. <br /> '� If Lender required mortgagc insurence as a condition of making the laan secured by this Sxudty Instrument, <br /> Borrower shall pay the premiums required to maintain the ineucsnce in effect until such time as the requlremrnt for the <br /> '' � insu�nce terminates in accordancc with Horrower's and Lendet's written�grament or applicable law. <br /> - 8. l�upectioa. Lender or its agent may meke rcaeonoble entries upon und inspections of the Property. Lender �„ <br /> °y ,, shall�ive Borrower notice at the time of or prior to an inspection specifying rea�onable cause for the inspection. <br /> �� �. 9. Coademaadon. The prxeoda of any awud or claim for damages,dircct or consequentiel.in connection wlth <br /> '�"--:+' eny wndemnation or other taking oP any part of the Property,or for wnvey�nce in lieu of condemnation,are hereby <br /> -"`°�'�=:,�:�s b . rssiQned and shall be paid to L en dar. <br /> --�='':a.f" .� In the event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Security <br /> -�'= -`,;.'��� ' Instrument,whether or not then due,with any excess paid to Borrower.In the event of a partial taking of the PropeRy, <br /> =LT-- °>.•, unless Borrower and Lender othcrwise agree in writing,the sums:ecurcd by this Security[nstrument shall be reducod by -- - <br /> -�-_��� +` the amount of'the proceeds multiplied by the following fracdon:(a)the total amount of the suma securcd immediately <br /> --- �`•i�a�`. ' beforc the taking,divided by(b)the fair merket value of the Property immediately beforc the ta�ing.Aay balonce shall be <br /> �:�"-;��-' . paid to Barcower. <br /> - ''�`�' ' �i��*' If the Property is abnndoned by Horrower,or if,aPter notice by Lender to Borrower that the condemnor oflers to �� <br /> —'—"_,i�enn,.r:�,:��;� ,� <br /> � � makc an award or settle a cleim Por damages,Borrower fails to respond to Lender within 30 days after the date the notia is <br /> �=��,;.•,.. <br /> -.-�:4t. . given,Lender is authorized ro collect and apply the prceads,at its option,either to rertoratian or repair of t e roperty or <br /> ,_-il��-..�—;�`�''• ��_� "� to the sums secured by this Security lnstrument,whetheror�ot then due. _ <br /> '��j ,:•• �� Unless Ixnder and Borrower othenvise agree in writing,eny application of proceeds to principal shall not extend or <br /> •'; � � A ° a postpone the due date oP the monthly payments referred ta in paragraphs 1 and 2 or change thc amount of such payments. <br /> �`' � ti;,;��. 10. Borrower Not Released; Farbearance By Lender Not p Walvcr. Extension of the �ime for payment or <br /> ,x�':.�� �.`:? ' mali8cation of amorti�ation of the sums secured by thia Security Instrument granted by Lender to any succe.ssor io _ <br /> :, �, ` interert oP Borrower shs►II not operate to releace the liability of the originul Horrower or Borrower's successors in interest. <br /> `_r.:"; "'' ' � I.cnder shall not be required to commence proceedings ugainst any successor in interest or refuse to extend time Por <br /> -- `� � � , a ment or otherwisc modify amortization of'the sums secured by this Security Instrument by reuson of any demand made <br /> . .J'�'� ��. by the original Borrower or HorrowePs successors in interest.Any forbearance by Lender in exercising any right or remedy <br /> ';_; . ,;4�� .. <br /> . , ���;.-� � shall not be a waiver of or preclude the exercise of any right or remedy. <br /> ... <br /> 11. Succescors ond Asnt�Bouad;Joint and Several Lisbility;Cacignerr. The covenants and agreements oi <br /> � ,�_ ��, '_'�" • this Security Instrument shall bind and beneflt the successors and assigns of Lender and BorcoweG subject to the provisions <br /> '� 1 _• �a :_-_•� - - ot'paragraph 17.Borrower's covenani�a�K1�grecments shaH bc joini and several.Any 9orrower wh�c�-signs this Security __ <br /> .`" � ' lnstrument but does not eaecute the Note:(a)is co•signing this Security Instrument only to mortgage,grant and convey <br /> ��':i� � that Borrower's interest in the Propeny under che terms of this Security Instrument;(b)is not personully obligated to pay �- <br /> .. �`'`d• ' the sums secured by this Security Instrument;and(c)ugrees that Lender and any other Borrower may agree to extend, <br /> �� • modiPy,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without <br /> � • �` � that Borrower's consrnt. <br /> � �'Y+• � 12. I.opn ChorQe�. If the loan secured by this Securi�y Instrument is subject to a law which sets maximum loan <br /> -�'�� . �. . chargec, nnd �hat law is finally interpreted so that the interest or other loan chnrges colkcted or to be collected in <br /> connection with the loan exceed the permitted limits,then:(a)any such loan charge shall be reduced by the amount <br /> --''�'"' necessary to reduce the churge lo the permitted limit;and(b)any sums already collected Prom Borrower which exceed�d <br /> * ' • permitted limits will be refunded to Borcower. Lender may choose to make this refund by reducing the principal owed <br /> , under the Note or by making a direct payment to Bbrrower.If a refund reducex principal,the reduction will be treated as a <br /> r "•�' artiel re a ment without an re a mem chAr e under the Note. -- <br /> R. � P P PY YP PY B ` <br /> ' ' 13. I.egislotion ABecting Lender•s RlRhts. If enactment or expiration of applicnble lawc has the efl'ect of __ <br /> .Y.n � ., , rendering any provision of the N�te or this Securi�y In�trument unenforceable according�o us termx,Lender,at its option, ��, <br /> . may require immediAte p•ryment in full of all tiumti secured by thi�Secunty Instrument und may invoke any remedies <br /> , � . permitted by pnragraph 19.If Lender exercises this option,Lender shall take the steps spec�fied in the second paragraph of �- <br /> , , paragraph 17. _ <br /> , 0 14. Notices. Any notice to Borrowcr provided for in thi�5ecunty In�lrument shnll be given by delivering i�or by �_ <br /> . .. mailing it by first cluss mnil unless npplicAble luw requi�es use of another rt�ethal.The notice�hall be directed to the <br /> f „ . Property Address or uny other address Borrowcr drsignate+by natice to Lender. Any notice to Lender shall be given by <br /> � 8rst class mail to Lender's address stated herein or uny othcr address Lender dcwignalrs Ny n�itice to Horrower.Any notice L� <br /> , ' �° provided Por in this Securily Instrument shall be deemed to h�vc t�een grvcn t��Bnrmwer or Lender when given as provided i <br /> '. in this paragroph. ` <br /> 1S. Governing I.aw;5everability. Thia Security In�trument.hall be govrrned by fcderal law and the luw of thc t.••, <br /> • jurisdiction in which the Prope�ry is I�xated. In the event that uny prov�s�on or clause af this Security Intitrument or the �.�• <br /> ° Note conflicts with npplicable law,tiuch cunflict Shall ni>t •rffect uthcr pravi+�on�uf thi�S«urity In�trument or the Note � <br /> " ,, which can be given eff�ct withuut Ihe canfl�cting pruvisi�.n.To this end the provitiiun,of thi�5ecurity Instrument und the <br /> Nate are declared to tx xcverable. ���� <br /> � 16. Horrower's Copy. Burruwcr tihall he given imc r��nfc�rmcd cupy nf thr N��te anJ��f thi+5c�urity Ins�rumen�. i <br /> 17. Transfer of the Property or a BeneHcial lntcrest in Horrower. If all ar:my part of thc Proprrty ur any <br /> � interest in it is snld or transferred(or if a benrHciu)intrrc�t in Borri�wrr iti+oIJ��r t ran+ferred and Horruwrr n n��t a naturnl � <br /> „" person)w•ithout Lender's prior writtem m�+ent, Lender may.a�n+��puun,rcyuirr immcdiatc payment�n fuU��f all sums <br /> secured by this Srcuriry Intitrument. However, this opu�m sh�ll nc�t tk rxerritied hy LenJer if exercitie i,pmhibned by , <br /> feders►I luw as of thc date of this Securit�•In.trument. <br /> ' If Lender rxrrcises this option,LcnJer shall Five I�orruarr noh�c ol'�rcelerauon.7'lic nrtirc�hull pruvide u periud <br /> � • of not les�thun�0 days from the d:�tr t he natice i.delrvercd or mailyd Wnhm w•h��h llorruwrr mus�pay all tiwm+rcured by <br /> rhi.Securi�v Imtrument.!f Burrower faila to pay thc.re wm�prwr�a the rxp�rauuo i�i t hu�icri�xl,Lrnder may ma�ke any <br /> remedie�permitted by thi+Securiry Intiirument u•rthuul furlher nuti�r ur dem�nd un N��rrci��cr. <br /> 18.Bo�rower•s Right to Reinstate. If Bnrruwer mce��certa�n canJuion�,li��rr�iwrr�hall ha�c the nght n�have <br /> enfor�ement��f Ihi�Securiry Instrument di�c�mtinucd at 3n�•nme pnur tu►hr earlicr af:la)5 dayti l��r wch othrr�xriod a� <br /> upplicuble law mvy.r�x:cify ti�r remtitatementl Mciiire s•rle uf�hr Nmperly pur,urnt�u+�ny p�.�wcr i�f ti:dc cunt:uneJ m thi+ <br /> Security Instrumcnt;or Ib)entry af a�udgmrnt rnforcmg this 5crurity Intiirumrnl.Thutie cunditi�m+are 1h�t tinrrnwrr: <br /> (a)pay� Lender all �ums which then would be due under th�ti 5ccunty Imtrumm�t and thc No1r had nu acccleralion <br /> �x:cu�red; (b)cures any default of any othcr covenant� or agreentent+: fcl rayti :d)rxprme+ incurreJ u►entiirrmg thi� <br /> Securiry Instrument,including, but not limued Io, reax<�nable utturnrys' fe�w;and(d)lukes wrh aruun a� LenJ�r msy <br /> ' ' I reasonably rcquire to assure that the lien of this Security Instrument, L.ender'� right.in thr 1'ru�xrty and H�xrower's <br /> obligation to pay the sums xecured by this Security Inslrument .rhall continue unchanged. Up��u reuititatcment by <br /> � " (] Horrower,thi�5ecunty in�trumeui unJ lhc uLligutiuu��ew�ed h�►eby rhall c.mssn fu!!}�effecti�e ati if n��xcc�.ler�linn hed <br /> �4� occurred.However,this nght to remstate shall not npply�n the case of arcelerauon und�r paragruph+I�ur 17. <br /> 9 <br />