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88- 105043 If Lender required mortgage insurance as a condilion of making the loan secured by this Security Instrument, Borrower shall pay the premiums required to maintain the insurance in errecl until such lime as the requiremenl for Ihe insurance lerminates in accordance with Borrower's and Lender's wrillen agreement or applicable law. 8. lupectlDD. Lender or its qeIlt may make reasonable entries upon and inspections of Ihe Property. Lender shall give Bcirrower notice at the time o.for prior to an inspeclion specifying reasonable cause for the inspeclion. 9. ! CoaMIaadIlll. Tbe~Qi' any award or elaim for damages, direct or consequential, in conneclion wilh any condenmationor otl1e(taIilitg of any part of tbe Property, or for conveyance in lieu of condemnation, are bereby assignod and shall be paid to Lender. In Ibe event of a lotalraking of tbe Property, Ibe proceeds shall be appliod 10 the sums secured by tbis Security Instrumenl, whether or notlben due, with any excess paid 10 Borrower. In the event of a partial raking of Ibe Property, unIesa IIomJwa' and Lender otherwise agree in writing, Ibe sums secured by Ibis Security Instrument shall be reduced by the amounl of Ibe proceeds multipliod by Ibe following fraction: (a) Ibe toral amount of the sums secured immodiately bd'ore Ibe taking, dividod by (h) Ibe fair market value of the Property immodialely bef'orelhe raking. Any balance sball be paid to Borrower. Iflbe Property is abandonod by Borrower, or if, after notice by Lender to Borrower tballhe condemnor olfers 10 mHe an award or settle a claim for damages. Borrower fails 10 respond to Lender within 30 days after Ihe dalelhe notice is given, Lender is authorized to collect and apply Ihe proceeds, at its option, eilher to resloration o~ repair of the Property or to the sums secured by this Securily Instrumenl, whether or notlhen due. Unless Lender and Borrower otberwise agree in writing, any application of proceeds to principal shall note.tend or postponelbe due date oflhe monthly payments referrod to in paragraphs I and 2 or change the amount of such payments. 10. Borrower Not ReJeuod; Forlleannee By Lender Not a Walnr. EIlension of Ihe time for paymenl or modification of amortization of Ihe sums securod by Ihis Security Instrument granted by Lender to any successor in interest or Borrower shall not operate to release the liabilit)" of the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or olberwise modiry amortization of Ibe sums secured by Ihis Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in ..ereising any right or remody shall not be a woiver of or preclude the exercise of any right or remody. 11. SlI&:.-In ud ........1Iaaad; Jnlnt and SenraI UahWIy; CoosIIDen. The covenanls and agreements of this Securily Instrumenl shall bind and benefilthe successors and assigns of Lender and Borrower, subject 10 Ihe provisions of paragraph 17. Borrower's covenants and agreements shall be joinl and several. Any Borrower who co-signs Ihis Security Instrumenl but does not CllCCUte Ihe Note: (a) is co-signing this Security Instrumenl only 10 mortgage. grant and convey that Borrower's interesl in the Property under Ibe terms of this Securily Instrument; (h) is nOI person.lly obligalod to pay Ibe sums secured by this Securily Instrument; and (c) agrees th.t Lender and any olber Borrower m.y .g.... 10 ""lend. modify, forbear or mHe any accommodations wilb regard to Ibe terms of Ibis Security Instrument or Ibe Note wilboUI that Borrower's_L lZ. ...... CIwpL Ir Ibe loan secured by Ihis Security Instrumenl is subjoctlo . law which sets muimum loan charges. and that law is finally intcrpretod 10 that Ibe interest or otber loan obarges colleelod or 10 be collocted in connection wilb the loan eu:eed Ibe permittod limits, Iben: (.) any ,uob loan ebarge shall be roducod by Ihe .mounl necessaJy to reduce the charge to the pennillod limit; and (h) any sums already collectod from Borrower wbicb eu:eedod permilted limits will be refunded to Borrower. Lender m.y oboose to make Ibis refund by roducing lbe principal owed under the Note or by making a direct paymenlto Borrower. If a refund rodu... principal. tbe reduction will be tn:atod .. a partial prepaymenl witbuut any prepayment cbarge under Ihe Note. 13. LealaIalloa AJreetIq Lader'. RJsItta, If enactment or ..piration of applicable laws has tbe errOCI of rendering any provision of the Note or this Security Instrument unenforc.eable according to its terms, Lender, at its option. may require immedialc payment in full of all sums lCC:urcd by this Security Instrument and may invoke any remedies permillod by paragraph 19. If Lender e.erciJes this option, Lender shall take tbe Sleps specifiod in Ihe second paragraph of paragraph 17. 14. NotIees. Any notice to Borrower provided for in Ibis SecurilY Instrumenl shall be given by delivering il or by mailing il by.lirst elass mail unless applicable law requires use of another metbod. The notice shall be directod to the Property AcIdr<ss or any other address Borrower designales by notice 10 Lender. Any notice to Lender shall be given by lint elass mail to Lender's address stated berein or any other address Lender designates by notice to Borrower. Any notice provided for in this Securily Inslrumenl shall be decmod 10 bave been given 10 Borrower Dr Lender wben given .. providod in this paragraph. 15. GoYentm& LaW; SeYerUlllty. This SecurilY Inslrument shall be governod by federal law and Ibelaw oftbe jurisdiction in which the I'roperty is located. In the evenl that any provision or clause of Ibis Securily Instrumenl or Ihe Note CODIIicts with applieablelaw, such conDiCl shall not alI'ect other provisions of this Securily Instrument or Ibe NOle which can be given etrecl without the conflicting provision. To this end the provisions arthis Security Instrument and the Note are decIand to be severable. 16. Bonower'a CopJ. Borrower shall be given one conformed copy of Ihe Nole and of Ihis Security Instrument. 17. T........ of tbe Property Dr a _daJ Iatered in Borro..... If all or any part of tbe Property or any interest in it is sold or tranlferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural penon) witbout Lender.s prior writlcn consent. Lender may. at ilS option, require immediate paymcut in full of all sums secured by this Security InstrumenL However. this option shall not be e.ercised hy Lender if e.ercise is prohibilod by foderallawas oflbe dateofthi,Security InstrumenL ULender exercises Ibis option, Lender shall give Borrower nOlice of acceIeralion. The notice shall provide. period ofnolless than JOdays from the date the notice is delivered or mailod witbin whicb Borrower must pay all sums secured by lhiIi Securily Instrument. If Borrower fails to plly these sums prior to Ibe e.piration of Ihis period. Lender may invoke any ranedies pamined by this Security Instrument without further notice or demand on Borrower. lL Bonower'a JUPt to Reiastate. Ir Borrower meets ce:rtain conditions. Borrower shall have the right to have aUCll"CClDalt of this Security Instrument, discontinued at any lime prior to the earlier of: (a) S days (or such other period as appIieabIe law may specify for reinstatement) bef'ore sale of the Property pursuant to any power of sale contained in Ihis Security Instrument.; or (b) entry of a judgment enforcinB this Security Instrument. Those conditions are thai Borrower: ea) pays Lender alllUDIS which then would be due under this Security Instrument and the Note had no acceleration occu.rraf; (b) CURS any ddault of any other covenants or qreemenl5; (c) pays aU expen5eS. Incurred in enforcing thiS Security IMlrument, including, bUI nOllimilod la, reasonable .ttorneys' f....; .nd (d) lakes such .cllon as Lender may reIIOftIbly require tD lUure that the lien of this Security Instrument. Lender', nghtlS ID Ihc Property and Borrower's, obtiption to pay ,he sums secund by this Security Instrumen1 shall continue unchanged. Upon ranstatemcnl by Borrower. this Security Instrument ~d the obliptioos ICCUred hereby shall remain fully elreculo'C' U If no accelerauon had occum:d. However. tbis riaht 10 reinstate ihall not spply in the cue of accelerauon under paraltraph!o I J or 11