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<br />If Lender required mortgage insurance as a condilion of making the loan secur'~'ims Securily InstMment,
<br />Bcmower 5haJ1 pay Ihe premiums required to maintain the insurance in effect until such lime as the requirement for the
<br />insurance terminales in accordance with Borrower's and Lender's wrillen agreement or applicable law,
<br />8. lupectlOll. Lender or its agent may make reasonable entries upon and inspections of the Propeny, Lender
<br />shallliye Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection,
<br />9. CoadellUl8d011. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnalion or other takina of any pan of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assiJlled and shall be paid to Lender,
<br />In the event of a total taking of the Propeny, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whelher or not then due, with any excess paid 10 Borrower. In the event of a panialtaking of the Propeny,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced b;'
<br />the amount of the prtlCeeds multiplied by the following fraction: ea) the total amount of the sums secured immediately
<br />before the takina. divided by (b) the fair market value of the Propeny immediately before the taking. Any balance shall be
<br />paid to Borrower,
<br />If the Propeny is abandoned by Borrower, or if, aRer notice by Lender to Borrower that the condemnor olf'ers to
<br />make an award or settle a claim for damaaes. Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given. Lender is authorized to collect and apply the proceeds, at its option, ather to restoration or repair of the Property or
<br />to !he sums secured by this Security Instrument, whc:ther or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Releued; Forbearance By Leader Not a Wa1yer. Extension of the time for payment or
<br />modification of amonization of the sums secured by this Security Instrument granted by Lender to any suc:a:ssor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's suc:a:ssors in inlerest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to utend time for
<br />payment or otherwise modify amonizalion of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrowe,'s successon in inlerest, Any forbearance by Lender in exercising any naht or remedy
<br />shall not be a waiver of or preclude the ellerci!le of any righl or remedy,
<br />II. S-'" AlII... IIotuttI; Jol.t and Seyeral U.blllty; Co-lipera. The covenants and agreements of
<br />this Security Instrument shall bind and benellt the successon and lWians of Lenderand Borrower, subject to the provisions
<br />ofparaaraph 17, Borrowe,'s coyenanlS and ..reemenl\ shall be joint and several. Any Borrower who co-sips this Security
<br />Instrument but does not execule the Note: (a) is coosigning this Security Instrument only to monPle. pant and conyey
<br />that Borrower's interest in the Property under the terms of Ihis Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by Ihis Securily Inslrumenl; and Ic) ..rees Ihal Lender and any other Borrower may asree to extend.
<br />modify, forbear or make any accommodations with reprd to Ihe terms of this Security Instrument or the: Note without
<br />thai Borrower's consent.
<br />12. Lou CIlarJn. If the loan secured by this Securily Inslrument is subject to a law which sets maximum loan
<br />charges, and thai law is IInally interpreted so thai the interest or olher loan charges collected or to be collected in
<br />connection with the loan exceed Ihe permilled limils, tnen: (a) any such loan charge shall be reduced by the: amount
<br />necessary to reduce: Ihe charae to the permilled limil; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded 10 Borrower, tender may choose to make this refund by reducing the principal owed
<br />under Ihe Note or by making a direct payment to Borrower, If a refund reduces principal, the reduction will be treated as a
<br />panial prepaymeJIt wilhout any p,epaymenl charae under the Note,
<br />13. IA8lsladllll Meedq Lnder'a RJahta. If enactment or ellpiralion of applicable laws has Ihe dl'ect of
<br />renderina any provision of the Note or Ihis Security Instrument unenforceable ac:cordingto ils terms, Lender, at its option.
<br />may require immediate paymenl in full of all sums secured by this Security Instrumenl and may in\'oke any remedies
<br />pennilled by peraaraph 19, If Lende, exercises tbis oplion. Lender llhalltake the steps specified in the second paragrapll of
<br />parasraph 17
<br />14. Nodc:n. Any nollce 10 Borrower provided for in this Security Instrument shall be giyen by deli\'c:rina it or b)'
<br />mailina il by lint c1au mail unless applicable law requires use of anolher nte\hod, The nOlice shall be directed to the
<br />Property Address or any Olhe, address Borrower designates by notice to Lender. Any notice to Lender shall be gi\'CII by
<br />lint class mail to Lender's add,ess slated herein or any olher address Lender designates by nOlice 10 Borrm.'er, Any notice
<br />provided for in this Security I nSlrumenl shall be deemed to have been given to Borrower or Lender when ai\'CII as provided
<br />in this paragraph,
<br />15. Go,eral.. Law; Se,erablllt,. This Security Inslrument shall be goyerned by federal law and Ihe law of the
<br />jurisdiction in which Ihe Property is located, In Ihe eyentthal any provision or clause of Ihis Security Instrument or the
<br />Nole connicts with applicable law, such conflicl shall nol affect other provisions of this Security Instrument or the Note
<br />which can be liyen dl'ect withoutlhe conflicting provision. To this end the provisions of this Securily Instrument and the
<br />Note are declared to be lICyerable,
<br />.6. Borrower'. Cop" Borrower shall be given one conformed copy of Ihe Note and of I his Security In..rumenl
<br />11. Trusler of tile Property or a Benelklallnterest In Borrower. If all or any rarl of Ihe Propeny or any
<br />interesl in it is sold or transferred (or if a beneficial inle,esl in Borrower is sold or lransfer,ed and Borrower is not a nalural
<br />penon) withoul Lender's prior wlillen conl~t, Lender may. al its option, require immediale payment In full of allium.
<br />secured by this Security Instrumenl, floweye" Ihis ophon shall not be exerci!iN by Lender if ellercl~ 15 plOhlhited by
<br />federalla.. as of the date of this Securily Instrument,
<br />If Lender uercises Ihk option, Lender shallaiye Borrower notice of acceleral ion, The lIoti!:e shall pro\'ldc a period
<br />of nOlleslthan 30 days from Ihe date the nOlice is deliye,ed or mailed wilhin which Borro\l\'er must pay allsum~ SCl.'urc:d by
<br />this Security Instrument, If Borrower fails 10 pay these: sums prior 10 Ihe expiration of Ihis period. lender may in\'oke any
<br />remedin permined by Ihls Security Instrument wilhout further nOlice or demand on Ilnrrower
<br />II. Borrow..... "'"t to ReID.tate. If Borrower meels cenain conditions, Borrower ,hall ha\'e Ihe rllIhlto hne
<br />enforumenl of this !keu,lty Inslrument disconlinued al any time prior 10 the earher of lal 5 days (or su!:h olher period as
<br />applicable law may 'pedfy for reinstatement) before: sale of the Property pur;uanl to any power of sale cnnlalnnl In Ihl\
<br />Securily Insl,umenl; 0' (b) entry of. judlmenl enforcinalhls Security Inslrumenl Those l'ondillml\ are that Rorrov.er
<br />la) pays Lender all sums which Ihen would be due unde, this Security Instrument and the Note had no al'!:e1~rallon
<br />occurred; (b) cures any default of any othlo!r coyenanls or aareements; Iclpays all espenses in<'lllred In enfomnllthl\
<br />Securily Insl,umml. includin.. bul not hmiled to, reasonable attorney,' fee.; alld Idl Illke, su!:h acflnll a' lellde, Illay
<br />rea_ably require tn a.su,r that lhe hen of Ihis Securi'y Instrument, I.ellder', rllthl' 111 the I'mpert) nllll 1I01<1I,,'er',
<br />obhpllon III ply the sums wcu,ed hy this Security In,trumenl ,hall contll1ue lInlhanllro Upnn 'elll\ta'~m~nl ")
<br />Borro'*rr,lh.. !irt'unl} In'lrulllentand th~ ohhlBllon, llecured he,ehy ,hall relllalll fully l'lTet'1IVe H' 11'1111 lln'dNKItl111 ha,1
<br />oceurred Ito'*t~rr, 'hi' ",hi 10 rejn"ate ,hslllln' apply In the ca!IC of accele'altollllnde, pa'a~fa"h, I \ "' 17
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