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88- 104974 . If LcDdor requir.d mort.... insurance IS . condilion or making the loan secured by Ihis Security Instrument, Bo~e.. '. ....~.~. ~~ p~lum. required 10 mainl.in the insurance in elfect until such time IS Ih. requirement ror the inlUf1II1CC _ . is in'~rdance with Borrower's and Lender's wriuen agreement or applicable law. l~ '.' :.. .Lender or ita .gent may make reasonable entries upon .nd inspections or the Property. Lender shall giye Borrower nOlice .t the Ume or or prior to .n inspection specifying reason.ble cause for the ill5pection. 9, Coademaad.... The proceeds or any .w.rd or claim for dam.ges, direct or consequential, in connection wilh any condemnation or olher laking of .ny part or Ihe Property, or for conveyance in lieu or condemnation, are hereby assigned and sball be paid to Lender. In the evenl of. towl.king or the Property. the proceeds sh.n be .pplied 10 the sums secured by this Security Il15trumenl, whether or nOlthen due, with any e.cess paid to Borrower. In Ihe eyent ofa paniallaking of the Property, unless Borrower and Lender olherwise agree in writing, th. sums secured by Ihis SecurilY Instrument shall be reduced by the &mount or the proceeds mulliplied by the following rracUon: (.) the lotal amounl or Ihe sums secured immediately before the taking, divided by (b) the fair market value orthe Property immediately beror. the laking. Any balance sh.1I be paid to Borrower. Iftbe Pmoerty is abandoned by Borrower. or if. after notice bY Lender to Borrower th~t the condemnor otrcn to make an award 0;' settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given. Lender is authorized to coUect and apply the proceeds. at its OJltion. either 10 restoration or repair oflhl: Property or to the 5UIIlS secured by this Security Instrument. whether or not then due. Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shaD not extend or postpone the due date of the monthly paymenlS referred 10 in paragraphs I nnd 2 or change the amount of such payments. 10. Borrower Not Releaed; Fortleuanee By Lender Not. Wainr. E'lension or the time ror p.ymenl or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in .. .terest of Borrower shall nor operate 10 release the liabilily or the original Borrower or Borrower's successors in inlerest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for r .aymcnt orotherwix modify amortization oithe sums secured by this Security Instrument by reason of any demBnd made b} the original Borrower or Borrower's su.ocesson in interest. Any forbearance by Lender in exercising any right or remedy shall nor be. waiyeroror preclude the ""m:ise of any right or remedy. II. Saeeeaon..... AlaI... BoUDd; Jomt ..... Se,.raIlJablUty; Co-lilPl..... The covenants and agreemenls or this Security Inslrumenlsball bind and bondlt the successors and assigns or Lender .nd Borrower, subjecl to tbe proYisioll5 of paragraph 17. Borrower's coyenanlS and agreemenlS sball be joint .nd seyeral. Any Borrower who co-signs Ihis Security InstrUment but does not execute the Note: (8) is co-signing this Security Instrument only to mongage. grant Bnd convey th.t Borrower'. inlerest in Ihe Property under thetenns of Ihis Security Instrumenl; (b) is not personally obli..led to p.y the sums secured by Ihis Security Instrumenl; and (c) .grees that Lender .nd .ny orber Borrower may .g.... 10 ""tond, modify. forbear or make any .ccommodations with regard to Ihe tenns or Ihis Securily Instrumenl or the Nole wilhout that Borrower's consent. 12. Lou a.rpa. If tb.loan secured by this SecurilY Inslrument is subject to a law which sels maximum loan charges, and lhaI Jaw ia llnaIIy inlerpre!ed so that the inle....t or olh.r loan charges collecled or to be collected in connection with the loan exceed the permitted limit!. then: (a) Bnv !'iuch loan char.e \hall be reduced bv the amount necessaJ)llo reduce tbe cbarge 10 the permitted lim.l; and (b) any .ums .Iready collecled from Borrower which e.ceeded permitted IimilS will be refunded to Borro....... Lender m.y choose 10 m.ke this rerund by reducing Ihe principal owed ~ the Note or by making. direcl paymcntto Borrower. tr. r.rund reduces prinCipal. the reduction will be Ireated as a partial prepaymeo. ~hout .ny prepaymenl charg. under the NOlo. 13. 1.qIaIad... AIfeeii--;: ~der'. Ri&bta. Ir enactm=nl or e.piration or .pplicable laws has the elfect or rendering any provision ofthc Notc or this ~!.Irity Instrument unenforceable according 10 its terms, Lender. Bt its option, may require immediate payment in full of all sums x:.:!-lfed by this Security Instrument and may invoke any remedies permilled by paragrapb 19. trLender e.ercises this oplion, Len':"~ sh.n t.kethe steps specified in the second pangraph of paragrapb 17. 14.. Notka.. Any notice 10 Borrower provided for in this Security Insl1..;.~en1 shall be gi\len by delivering it or hy mailing it by fint cl.us mail unless applicable law requires use of another method. ii...: "otice shall be directed to th~ Property Address or any other address Borrower designales by noUce to Lender. Any notice 10 :"'Qder sh.1I be given by first class mail to Lendcr"s address stated herein or any other address Lender designates by notice to BorTtJ~~. Any notice provided for in this Security Instrument shall be deemed to hive been given to Borrower or Lender when given b ~rovidcd in this paraaraph. 15. GoYendq Law; Se,......lIIty. This Security In..rument shall be goy.med by rederall.w .nd Ihe J.w orthe jurisdiction in which the Property is located. In Ihe eyenltha! any provision or clause or this Security Instrumenl or Ihe Not<: conIIicta with .pplicabl. law. such conOicl shall not alfecl other proYisioll5 of this Security In5lrumenl or Ihe Note which can be given elfect without the conflicting provision. To this end the provisions of this Security Instrument Bnd the Note an: decJared 10 be severable. 16.. Bonower'. Copy. Borrower shall be given one confonned copy of the Note and of this Security Instrument. 17. TruIfw or die Property or a IIeDeftdaIloterest in Borrower. ir.U or any p.rt or the Property or any interest: in it is. sold or transferred (or if. beneficial interest in Borrower is sold or transferred and Borrower is nol a natural penon) without Lender's prior wrillen consent. Lender may, al tIS option, require immediate p.ymenl in rull or all sums secured by thi& Security Inslrument. However. this option shall nol be exercised by Lender if exercise is prohibited by federal Jaw IS oI"the dat. oflhis Securily lnstrumenl. trLender a.ercises thiS option. Lender shall give Borrower notice of acceleration. The notice shall provide a period or not leu than 30 days from the date the notice is deli\lered or mailed within which Borrower must pay aU ,"urns secured by this Security Instrumenl. If Borrower rails 10 pay Ihese sums prior to the e.pirallon or this period. Lender m.y invoke any mnedies permitted by this Security Instrument without funhcr noUce or demand on Borrower. II. Barrower'llUPt to ReiIIIIaIt. If Borrower meets cenain conditions, Borrower shall have the right to have enroroemenl orthis Securily Instrument discontinued.1 any lime prior 10 Ihe earlier or: (a) S d.ys (or such olher period .s applicable 11.... l1li)' specify for reiRll&tcment) before sale of the Propeny pursuant to any power of sale contained in thiS Security IftIlI'1ImeRt; or (b) entry of. judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays J...ender all sums whieh then would be due under this Security Instrument and the Note h.~ no acceleration occurred; (b. CURS any default of any other co\lenants or aareements; (c) pays aU upenses incurred In cnforclDS thiS Security IftltTUment.. includina. but not limited to. reasonable attorneys' fees; and (d) takes such aellon AS Lender may te:ISOft&bIy require to .....ure that the lien of thn. Security Instrument. l..cnder's rights In the Properly and Borrower's. oblipr:ion to pay the sums leCured by this Securi'y Inltrumenl !iohaU conllnue unch.Dled. Upon n:lDsl&lement by 1Iorrower. this Security In,trument and the obliptionl secured hereby shall remain fully effective as If no acceleration had 0CC1IlT'ed. Howner. this nabt to mnstatt wll not apply 10 the UK of acceler.uon under paragraphs. 1 J or 11 I' . '