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83-105107 If Lender required mongagc IIlsurnncC' as a condition or making the loan secured by this Security Instrument, Borrower shall pll)' the premiums required to maintain the insurance in effect until ~uch time as the requirement for the in~urnncc terminates in Berardo"cc: "..ith Borrower's nnd Lender's wrille" agreement or applicable law. 8. Insped~on. lender or its agent may make reasonable eOlTics upon and inspections of the Property. lender shall gl\'C Borrower nOlice at the time of or prior to an inspection specifying reasonable cause for the inspection. 9. Condemnation. The proceeds of any award or claim for damages, direct or consequential. in connection with any condemnation or other taking of any part of the Property, or for C(lOveyuncc in lieu of condemnntion. are hereby assigned and shall be paid 10 Lender. In the e\'enl of a total taking of the Property, the proceeds shull he applied 1Dlhe sums secured by this Securily Instrument. whether or nol then due. with any excess paid 10 Borrower. In Ihe e\'cnt of a partial taking of the Property, unless Borrower and Lender otherwise agree in writing. the sums secured by Ihi!'. Security (nstrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (u) Ihe IOtlll omount of the sums secured immedintely before the taking, divided by (b) the fair market value of the Property Immediately before Ihe taking. Any balance shaH be paid to Borrower If the Propert)' l!i abandoned by Borrower, or if. ufter nollce hy Lender to Borrower that the condemnor offers to make an award or settle n claim for dnmages. Dorrower fails to respond to Lender within JO days after the dote the notice is given. Lender is authonzed to collccl and apply the proceeds, at ils option. either to resloration or repair of the Property or to the sums secured by Ihls Secunty In~trument. whether or not then due. Unless Lender and Borrower otherwise agree in writing, any appllcalion of proceeds 10 principal shall nol t:xtend or postpone the due date of the monthly payments referred 10 in paragraphs land 2 or change the amount of such payments. 10. Borrower Not Released; Forbearance By Lender Not B Waiver. Extension of the time for payment or modification of amortization of the sums 'iccurro by this Security Instrumenl granted by Lender to any successor in interest of Borrower shall not operate 10 release the liabililY of 1he original Borrower or Borrower's successors in interest" lender shall not be required 10 commence proceedings agamsl any successor in interesl or refuse to extend time for payment or otherwise modify amonizallon of the sums secured by Ihis Securi(y Inslrument by realion of any demand made by the original Borrower or Borrower's SUCCC,.'iSOrs in in1erest. Any forbearance by Lender in e"ercising any right or remedy shall nol be a waiver of or preclude the exercise of any right or remedy. 11. Succ:essors and Assigns Bound: Joint and Several Liability; Co"signers. The I.:ovenants and agreements of this Securi(y Inslrument shall bind and benditthe successors and a'isigns l.lfLender and Borrower. subjec1lO the provisions of paragraph 17. Borrower's covenants and agreement.s shall bejoint and several. Any Borrower who co-sigm this Security Instrument but does not ell.ccule Ihe Note: (a) is co.signing this Security Instrument only 10 morlgage, grant and convey that BOITOwer'!oJ inlercst in Ihe ProperlY under the terms of thiS Sccunty Instrument; (h) IS nol per!tonnlly obligated to pay the sum~ sccurL-d hy this Security Instrument; and (c) agrL"eS thuI Lender and any other Borrower may agree to extend. modify, forbear or make any accommodalUJn!oJ wJlh regard to the Icrm~ of Ihi!>. SeclITlty In!>.trument or the Note without that Borrower's consent. 12. Loan Charges. If the loan secured by Ihis Secuntj In-Mument 1!oJ !>.uhJecl 10 u law which sets maximum loan chargo, and that law is finally Interpreted !to thai the inler~t or olher loan l.~harges collected or to be conected in connection with the loan exceed the permitted limits. then: (a) any such lnan charge ..hall be reduced by the amount neces..~ry to reduce the charge 10 the permitted limit; and (b) any !>ums already cullecled from Borrower which exceeded pe:rmiued limits will be refunded 10 Borrower, Lender may choo!o,c to make Ihl!>. r~fund hy reducing Ihe principal owed under the Nole or by making a direct pa)'mel1110 Borrower. If a refund reduce!>. pTlnClpal. the rt.-duction will be treated as a partial prepayment without any prepayment charge under the Note, 13. l..egislation Affecting Lender9'S Rights. If enaclmenl or Cll.plratHIIl of apphcable laws hat) the effect of rendering any provis1On of the Note or thi!'J Security In!itrumel11 uncnfnrcenhlc accord1l1g lOlls terms, Lender, at its option, may require Immediate payment In full of all sum~ !oJecurcd by thl!>. Secunty Imtrumcnt and may mvoke any remedies penniued by paragraph 19. If Lender eAen:l~e!lo thiS optlon. Lender !\.halllakc Ihe ~Ieps spL'Clfied in the second paragraph of paragraph 17. 14. Notices. Any notice to Borrower provided for in Ihl!t Secunty Inslrument 'thall be given by ddivering it or by mailing it by firsl class mail unlo~ applicable law requirt$ u~e of another method. The nOllce shall be directed to Ihe Property Address or any other addr~ Burrower designat~ by nollcc to Lender. Any nOlice to Lender shall be given by first class mail to Lender\, addrcs."i ~tated herem or any olher addros Lender de.o;ignates by nutlce to Borrower. Any notice prO'o'idcd for m this Security Instrument shall be deemed to ha\-'c been gl\!cn to Borrower or Lender when given a!oJ provided in this paragraph. IS. Governing Law; Severabilit).. This Security In~trumcnt !oJhall be I,!m:cmcd by federal Jaw and the law of the Jurisdiction in which the Property is localed. 1n the evenl that any prmlsion or clause of lhi~ Securuy Instrument or the Note conflicts wilh applicable la\\!. such connie! shall not affect other prm'islOns of thiS Security Instrument or Ihe Note which can be given effect withoul the connicting provlsion, To thiS end the provisions of thiS SecurilY 1nstrumenl and Ihe Note are declared to be severable. 16. Borrower's Copy. Borrower shall be gl\'en one conformed copy of the Note and ofthi!\. SecUTlt)' In!oJtrumenl 17. Transfer of 'he Property or a Beneficial Interest in Borrower. If all or any part of the Property or un)o" mterest in it is sold or transferred (or jfu beneficial mlerest in Borrower is SCold or transferred and BOrTO"Cr l!oJ not It natural person) without Lender.s prior wnllen consent, Lender may. al Its oplion. require lmmcdinlc pay men I In full of all !oums secured by this Security Instrumen1. However, this. opllon s;hall nol be exercls.cd h) l.ender If eurdse i!\. prnhlblled hy fcderallaw as of the date of this Seeurit,' Instrument. lfLender exercis.es thi!i option. -Lender shall gi\'e Borrower notice ofaccelt:raIUlO. The notice ~hall prm'lde a penod of not less. than.30 days. from Ihe dale the notu:e is delivered or mailed Within whIch Borrower mu!>.t pay all..um!\. !oc:curro by Ihl!. Security Inst.rument. 1f Borrower faiLs to pay these sums pnor to the e1Oplratlon oflhi!oJ period, lender may im'(lke any remedies permitted by thiS Security Instrument wilhoUI fun her noUce or demand on Burrower. lB. Borrower9s Riahl to Reinstate. If Borrower m~i." certam condillon!o. Borrower ~hall hu\'c the right 10 ha'..e enforcement of this Security Instrumenl discontinued al an}' Hme pnor to tht." carher of (a) 5 days (Of ,ueh lither penod as applicable law may specif)o for rC'mstalement) before sale of the ProperlY puro,uant to an) power of sale I.:nnlainL-d 111 IIIIS Securily Inslrument. or rb) entry of n Judgment enforcmg thiS SecuTltj In,trument Tho..t: L:l1l1dlllllns arc Ihul Bllrnl\\'Cr (a) pays Lender all sum!i which then would be due under lhl'l Secunl~ Imlrumcnt and the Note had no aL:..:c1cratlllO occurred; (b) CUTO any default of any other C(l\'t:mI111~ or agreemenh. (c I pay' alll.xpen..t.... IIIcurrl.l1 IfI enfnrl.:lOtt Ilw't Security In"1Tumcnt~ mdudmg. but not hmlled In. rea~onable attorney,' fen. and (d I lakl... ,tu:h :tCtllltl '" I enJer rna~ rea!.Onabl)' TnJUUC 10 a!<o!>ure Ihat the hen of this Secunt)' Imlrumr-nt. Lender', Tlghl' 111 Ihe I)nlrert~ and Btlrnmc:r.. obhgauon 10 pa~ the ..urns -.ecural b)' ttll~ lO)ccunly Imtrumcn1 ...hall nmlll1ul" l.llh:h.1n~l..d t r\l!l n"m..lalemcnl h~ Borrmu~r. Ihl" Sa:unl\ In...trument IJnd the uhhgallOn'io ..el.:un:d 11l~reh~ \h.:.lll rC'tIldlrl full\ l'llt"~ tl\t" .,.. 1111' a~'~'t.kr:ltll'll h.ul ("tI;"curred HO\\('"\('"f, thl' n~hl tn rem..lale ..hallnnr appl) 10 Ihe ~a"'e (Ir;t~(t"l,"r;tI"\1l .Il1lh", 1'.lr.l~r,lt'h.. 1\ ,'I 1"