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88- 105653 If Lender Il!l1uim:l monS_se imurana as _ condition of making the 101m secured by this Security Imtrum~nl. Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the insurance tenninates in accordance with Borrower.s and Lender's written agreement or applicable law. a. 11IIpICtioa. Lender or ils agenl may make reasonable enlries upon and inspeclions of Ibe Propeny. Lender shall aive Borrower nolice allbelime of or prior 10 an inspection specifying reasonable cause for Ibe inspeclion. 9. Caademllltioa. The proceeds of any award or claim for damages. direcl or consequenlial, in connection wilh any condemnation or other taking of any pan of the Property, or for conveyance in lieu of condemnation. are hereby assigned and shaU be paid 10 Lender. In Ibe evenl of a lotal taking of Ibe Propeny, Ibe proceeds shall be applied 10 Ibe sums secured by Ibis Securily Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property, unless Borrow... and Lender olberwise agree in writing, lbe sums secured by Ibis SecurilY InSlrumenl sball be reduced by lbe amounl of Ihe proceeds multiplied by lbe following fraclion: (a) Ibe 101a1 amounl of Ihe sums secured immediately before lbe taldna. divided by (b) Ibe fair markc\ value oftbe Property immedialely before Ihetaking. Any balance shall be paid 10 Borrower. If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to make an award or sellle a claim for damages, Borrower fails 10 respond 10 Lender wilhin 30 days aller Ibe datelbe nOlice is given, Lend... is aulborized to collecl and apply Ibe proceeds, at its oplion, eilber 10 resloration or repair oflbe Propeny or 10 Ibe sums secured by Ibis Securily Inslrument, wbelber or nOltben due. Unless Lend... and Borrower olberwise agree in writing, any applicalion of proceeds 10 principal shall nol e'lend or poslpone lbe due dale oflbe monlbly payments referred 10 in paragrapbs I and 2 or cbange Ibe amounl of such payments. 10. lIomJ.er Not ReJeucd; ForbeanDce By Lender Not a WoIver. E'lension of tbe time for paymenl or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shaD not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required 10 commence proceedings against any successor in interest or refuse to extend rime for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Bonower or Borrower"s successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a we;v... of or preclude Ibe e.ercise of any right or remedy. 11. Succcaon IIId AaaIpa Boud; JoiDtand 5o,en) Uabillly; Co-siIPlCl'l.The covenants and agreements of Ibis Securily InslrumCllt shall bind and bencfitlbe successors and assigns of Lender and Borrower, subject 10 Ibe provisions of paragrapb 17. Borrower's covenants and agreements sbaII be joinl and several. Any Borrower who co-signs Ibis Securily InslrumCIII bUI docs nol eJlecute Ibe Note: (a) is co-signing Ibis Securily Inslrumenl only 10 mongag.. granl and convey Ibal Borrower's inlerest in Ihe Propeny und... lbe terms of Ibis Securily Instrument; (b) is not personally obligaled 10 pay \be sums secured by tbis Securily InSlrumCIII; and (c) agrees \bal Lend... and any otber Borrow... may agree 10 e..end. modify. fortar or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consenL U. Loan CIIaqea. If lbe loan secured by Ibis Security Instrumenl is subjecllo a law wbicb SCIs maximum loan cbarges, and !bat law is linaJJy interpreted so \bal tbe inlercSl or olber loan cbarges collected or 10 be collecled in connection wilb lbe loan caceed Ibe permilted limits, Ihen: (a) any sucb loan charge sball be reduced by Ibe amounl necessary to reduce the cbarge to !be permiltcd limit; and (b) any sums already collected from Borrower wbich eJlceeded permined limits will be refunded 10 Borrower. Lend... may cboose 10 make lbis refund by reducing tbe principal owed under Ibe Note or by making . direct paymenlto Borrow.... If a refund reduces principal. Ibe reduclion will be lrealed as a partial prepaymenl wilboul any prep.aymCIII charge und... Ibe Nole. 13. LeaiaIatioD AlI'ecIiq Leader'. Rlabb. If enaclmenl or e.piration of applicable laws bas Ibe elfecl of rendering any provision of the Note or thi5 Security Instrument unenforceable according to its terms. Lender. at its option, may rcquin: immediate paymenl in foD of all sums secured by Ibis SecurilY InSlrumenl and may invoke any remedies pcnnined by paragn;pb 19. If Lend... eJlcrciscs Ibis option. Lender shall take Ibe Slcp5 specified in lbe second paragrapb of paragrapb 17. 14~ Notica. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing il by first class mail unless applicable law requires use of anolber melbod. The nOlice shall be directed 10 Ibe Property Address or any otb... address Borrow... designales by nOlice 10 Lender. Any nolice to Lender shall be aiven by first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragrapb. 15. GoYeraiJII LaW; 5o,enbi)jty. This Securily Inslrumenl shall be governed by fedcrallaw and Ibe law of tbe jurisdictioo in wbicb Ibe Property is localcd. In lbe evenl \bal any provision or clause of Ibis SecurilY Instrumenl or tbe NIlle conlIicts wilb applicable law. sueb conlIict sbaII nol all'ecl olber provisions of Ibis SecurilY Inslrumenl or tbe Note which can be given df'ect without the conflicting provision. To this end the provisions of Uris Security Instrument and the NOIe ....dcclarcd to besev_ble. 16. IIorrower'a CGpy. Borrower shaU be aiven one conformed copy oflbe Nole and of lbis Securily Instrumenl. 17. Traa&:r of \be Property or r Bmdicial 10_ io lIomJ"er. If all or any pan of tbe Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is nol a nalUral person) without Lendt:r's prior ...Tittc::n ~5Clltl Lender may. at its option, !'~ul!'e immediate payment i., full of all sums secured by this Security lnstrumenL However. this option shall not be exercised by Lender if exe:rcise is prohibited by fcderallaw as of!be date of Ibis Security InslrumenL IfLeoderexcrciscs this option. Lender sbaII aive Borrower notice of acce1....lion. The notice shall provide a period of nOl Jess than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by Ibis Security InslrumCIIL If Borrower fai1s 10 pay Ibese sums prior 10 lbe eJlpiration of lbis period, Lend... may invoke any rcmcdi<s permitted by \his Security Instrument wilbout fumer notice or demand on Borrower. IL lIonDwa'a RIaId to Rei-. If Borrow... mcdS certain conditions, Borrower shall have Ibe righllO bave mfort:ement of'this Security Inslrummt discontinued at any time prior to the: earlier of: (a) S days (or such othe:r period & applicable la.. IDII)' specify for reinstatement) before sale of tbe Property pursuant to any power of sale: contained in thiS Security 11lW1Imcnl; or (b) mtry of. judJlller1t enforcinl this Security Instrumenl. Those: conditions are that Borrower. (a) pays Lender all sums ..hich then would be due under this Security Instrument and the Note had no acceleration occurred; (b) cures an)' default of any other covenants or &peemen1S; (c) pays all expenses Incurred in enforcing thiS Security Instruman. inc1udinl. but not limited to, reasonable attorneys. fc:cs.; and (d) .....es such action as Lender may reasonably nquire to UIW'e that tbe lien of this Securit)' InSlTUment. Lender's ngh15 in the Propcny and Borrower's obbpllon to ply the sums 5eCUI1:d by thiS Secunty Instrument shall conllnue unchansed. Upon reinstatement by Borrower. tho. Sa:urity Instrument and the ob!~p"on.. secured hereby shall remain full)' effective &!I iroo acceleration had occurred. Hawcva. tlm OI)U to n:instale IhaII DOl apply In the cmc- of aca:kratlon under paragT'lllph!l 13 or 17