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<br />101157
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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance In effect until such time as the requirement for the
<br />Insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />g. Condemnation. The proceeds of any award or claim for damages, direct or consequential. in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Secunty
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise 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 amoullt of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower iaib to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authonzed to collect and apply the proceeds. at its option. either to restoration or repair oflhe Property or
<br />to the sums secured by Ihis Secunty Instrument. whether or not then due_
<br />Unless Lender and Borrower otherWise agree in wrilIng, any application of proceeds :0 prinCipal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 1 or change the amount of such payments.
<br />10. Borrower :\ot Released; Forbearance By lender :'\ot a Waiver. Extension of the time for payment or
<br />modification of amorlIzation of Ihe sums secured by Ihis Security Instrument granted by lender to any successor III
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to eXh:nd time for
<br />payment or otherwise modify amortization of the sums secured by this Secunty Instrument by reason of any demand m:>.de
<br />by the original Borrower or Borrower's successors III interest. Any forbearance by lender in exerCising any righl or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy_
<br />11. Successors and Assigns Bound; Joint and Set'era} Liabilit}.; Co-signers. The covenants and agreemellls of
<br />this Security Instrument shall bllld and benefitlhe successors and assigns of lender and Borrower. subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be Joint and se\ era!. Any Borrower who Cl)-Slgns thiS Security
<br />Instrument but docs not execute the ~ote: (a) is co.signing thiS Security Instrument lmly to mortgage, grant and convey
<br />that Borrower's IntereslIII Ihe Propaty under Ihe terms of this St.'l:unty Instrument: (bl I" nOI personally obligated to pay
<br />the sums secured by IhlS Sel'unty In..trument: and Ie) agrees thai Lender and any other Borrower may agrt.'C to extend,
<br />modify, iorbear or make any a.:commodatlons wnh regard to the lemlS of Ihls Security In..trumC::IlI or the Note without
<br />that Borrower's COn..enl.
<br />12. loan Charges. Ii Ihe lo;,n secured by this St.'l:unty Instrumenl IS subject 10 a law which sets maximum loan
<br />charges, and that law IS finally IIlterpreted so that Ihe interest or other loan chargt.~ .:ollectt'd or to be collected in
<br />connection wnh Ihe loan e.\ceed Ihe permitted hmns, Ihen: (a) any such loan charge shall be rt.'I.lIKt.'d by Ihe amollnt
<br />nece.,sary 10 reduce the charge to Ihe permJlted limit: and (hi any sum., already collected irom Borww.'r which cxcet.'ded
<br />permitted limits WIll be refundcd 10 Borrower. Lender may choose to m3ke thiS refund by rt.'I.lucmg Ihe pnncipal owed
<br />under the 1':ole or by maklllg a direct paymenllO Borrower. If a refund reduces principal. the rt.'du':lwn will be treatt.'d as a
<br />partial prepayment wuhoul any prepayment charge under the ~Ole.
<br />13. legislation Affecting Lender's Rights, If enactmenl or expiration of appl..:able law;. ha., the elft.yt of
<br />rendering any proviSIOn oflhe ~ole or thiS St.'Cunty Instrument unenforceable accordmg to Ih term." Lt.'nder. at Us nptlon,
<br />may requirc immediah: payment m full of all .,ums securt.'d by tlus Secunty Inslrument and may nnoke any remt.'dles
<br />p<rmitted by paragraph I q. If Lender exernses this option, Lender shall lake Ihe sleps sp..'Clfit.'d mlhe st.'Cond paragraph of
<br />paragraph 17.
<br />14. ~otices. Any notice to Borrower provldt.'d for mlhls St.'l:unty Instrument shall be gl\en by dell\cnng n or by
<br />mailing it by firsl c!:is.. mall unless applh..lble law reqUIres use of another method. The nntlce shall be dtrt.'ctt.'d to the
<br />Property Address or any other address Borrower dt.~lgnates by notice to Lender. Any notice to Lcnder ..hall be gl\cn by
<br />firsl class 01311 to lender's address slated herein or any other addn.~... Lender dt.~lgnatt.~ by IllltlCt.' 10 Borw\\cr. Any notice
<br />provided for m tlus Secunty Instrument ...hall be deemed to have bt'Cn gl\en 10 Borrower or Lender when gl\en a., pro\lded
<br />m tlus paragraph.
<br />IS. Governing law; Se\erabilit)". Th" Security Imtrument shall be !!l)\erned by ft.'derall;l\\ ;lIld the Ia\\ of Ihe
<br />JUrlsdiclion in which the Property I'" located. In Ihe evenl Ihat any pro\Jslon or clause of thl' St.....urlty ""Irumenl M Ihe
<br />Note conflicts wnh applicable law, such conOlcl shall nol alft...:1 olher pro\ 'stons of 11m St.yunty Inslrument ,)1' the ~ole
<br />which can be given effect wnhout the conlllctlllg pfll\Nllll. To tlu, end Ihe 1'1'0\ ,,!nn, of Ilus St......unty Inslrumelll ;lIld Ihe
<br />Note are declared to be se\erable.
<br />16. Borrower's COP}', Borrowcr shall be gl\Cll ,lne ,"'Ilformt.-d t.'l'PY of the ,",Olt.' and of thi, Security Instrumenl
<br />17, Transfer of the Propert)" or a Beneficial Interest in Borrol4er, If all or .IIlY part of Iht.' !'rnperty nr any
<br />mterest in it is sold or transferred (or If a beneficlalllltcrcM III Borro\\er IS sold or transferrt.'d and Borro\\er I~ nOI a natural
<br />person) \\'llhOUI Lcnder's pnor wnth:n conscnt, Lender may, al 1\., opllOn. reqUIre immediate paymenl HI full of all ,ums
<br />secured by thiS Sccurlly Instrument. Howe\er. t!m llpllon shallnOl be e:,el.:"ed by Lender If l'\erClse " prolllhlled by
<br />federal law as of the date of thiS Secunty Instrumenl.
<br />If Lcndcr exercises IhlS option, lender shall gl\e Bormwer notice of a,'cderallon. The nollCe shall pro\ ale a penod
<br />of nolless than 30 days from Ihe date Ihc nOllce IS delJ\ercd or mallcd wllhlll whICh Borllmer nlll'l pay all '11111' ,euned by
<br />Ilus Sccunly Instrument. If Borrower fails to pl\Y tht.~e sums pnor to the expnallon of Ih... pen,xl. Lender may IIl\oke an~
<br />remedlcs permitted by Ihis Sccunty Instrument \\'I\hout further nOllce or demand on Bornmcr
<br />18, Uorrol4'er's Right to Reinstate. If Borro\\er meets certam condlllOn.., BorrO\\er ,hall h'J\t.' Ihe nght II' han'
<br />enl{lrCemenl of this Security Inslrumcnl dlscontmued at any IImc pnor to Ihe earher of: (al:; days (()r s\H.-h OIh~r pcnod as
<br />apphcable law may ~peclfy for remstat.:menl) before sale of the Propert) pursuanl 10 any power of 'alc cnnlamed III 1111'
<br />Secunty Instrumcnt: or (b) entry of a judgmenl tnforcmg Ihls Sel'unty In'lrumclil Tho,.. C(lIId'lIons are Ihal Borr()wer
<br />(a) pay~ Lender all ,um, wluch Ihen would be due under thl' Securlt) Inslrument and the ~()I(' had no alTderall()n
<br />octurred; (b) cure, any default of any other COlenants or agreemefll'. (c) pay' all t'\ penSl'S mcuTTcd III ,'nf,)f l'lTI~ tlm
<br />Secllnty In,trulllenl. lIIr1udmg, bill not hnutcd to, rca,onablc atlorIln,' fees, and ((lllake, slldl ;Illh\fl " lender ma\
<br />reasonably re4"lre to a\<oure thaI Ihe hen of thiS Securlly Instrument', Lender', nghls III Ihe I'Tl11'l'TI\ al1d Unll"""I:'
<br />obligatIOn 10 pa~ Ihe sum, ,enncd by tillS Securlly In,lrumenl ,hall lCl111l III Ul' ulldl:tnged Lrllll fl'IIl,lalellll'1l1 h\
<br />BOTT()wer. 11I1s Sl'UIrlI ~ 1"'lrument and I he ()hhgallons secured hereby shall remalllfullydTeerl\l.aslf Ill' a, n'I"I,1I h HI h;,;l
<br />o':<"Ilfred 11"\,,.\ "'. thIS nghllo rl'lIlstalc sllallnol apply In Ihe case of accdCrallllf1l1nJer par;tgral'h, ! 1 "I \-
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