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88- 10644e If lender required mortgage insurance as a condition of making the 10Bn secured by this Security Instrument. Borrower shall pay the premiums required to mAintain the insurance in effect unlil such time as the requirement for the insurance terminates in accordance with Borrower's Bnd Lender's written agreement or applicable laY!. R. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 9. Condemnation. The proceeds of any award Of claim for damages. direct or consequential, in connection with 8'lY condemnation or other taking of any part of the Property, Of for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the event of a total taking of the Propeny, the proceeds shall be applied 10 the sums secured by this Security Instrument. whetiler or not then due. with any excess paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Lender otherwise agree in writing. the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the tOlal amount of the sums secured immediately before the taking. divided by (b) the fair market value of the Property immediately before the laking. Any balance shall be paid to Borrower. If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offer.; to make an award or settle a claim for damages. Borrower fails to respond to lender within 30 days after the date the notice is given. Lender is aU[horized to collect and apply the proceeds, at its option. either 10 restoration or repair of the Property or to the sums secured by this Security Instrument. whether or not then due. Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments. 10. Borrower Not Released; Forbearance By Lender Not B Waiver. E1>tension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interesl of Borrower shall not operate to release the liability 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 otherwise modify amortization of the sums secured by thiS Security Inslrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance hy lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy 11. Successors and Assigns Bound; Joint and Several Liability; Co--signers. The covenants and agreements of this Security Instrument shaH bind and benefit the successors and asstgm of lender and Borrower. subject to the provisions of paragraph 17. Borrower"s covenants and agreements shall be joint and se\:eral. Any Borrower who co-signs this Security Instrument but does not execute the Note: (n) is co-signing this Security Instrument only to mortgage. grant and convey thaI Borrower's imerest in the Propert}' under the tenos of this Securily Instrument; (b) is not personally obligated to pay Lhe sums secured by this Security Instrument; and (c) agrees thaI lender and any other Borrower may agree to extend. modify. forbear or make any accommodatio05 with regard to the terms of this Security Jnstrument or the Note without that Borrower"s consent. 12. Loan Charges. If the loan secured by this Secumy Instrument IS subject 10 a law which sets maximum loan charges. and that law is finally interpreted so that the interest or other loan charges collected or 10 be collected in connection with the Joan ex.ceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necosary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrowt:r which acceded permitted limits will be refunded (0 Borrower. Lender may choose to make this refund by reducmg the pnncipal o\\.cd under the Noteor by making a direct payment to Borrower. Ifa refund reduces prinCipal. the reduc1ion will be 1reated a\ a partial prepayment without any prepaymenl charge under Ihe Note. 13. Legislation Affecting Lender's Rights. Jf ennclme:nt or eR.plration of apphcable laws h.u tht: dfec1 of rendering any provision of the Nole or thiS SecurilY Instrumenl unenforceable according 10 its lerms. Lender. at Us option, may require immediale payment in full of nil !loums !loecured hy Ihi~ Secunr~' Instrumenl and may in..oke any remc:dio. pennitted by paragraph 19, If Lcnder cJlerciso Ihl\ optIOn. Lender shall take the steps specified in rhe second paragraph of paragraph 17. 14. Sotices. Any nollce: 10 Uorruwer prm'lded for m thiS Secunty Instrument shall he given by delivering it or by mailing it by first elM!. mall unlo!o apphcable law reqUlro U!>e of anolher melhod. The nOllce !.hall be direcled to the: Property Address or an)' other addro~ Borrower dcslgnales by noUce 10 Lender. Any nollce to Lender shan be: given by finot class mail to Lender'!!. addrC!\!l. !>tl1led herem or I1n)" 11Iher addn.."Ss Lender designates by nollce 10 Borrower. An)' nOllce prOVided for m thiS Secunty Inslrumenl !lhall be deemed tn have been given to Borrower or lender wht:n gl\'en a.. provided m this paragraph. 15. Governing Law; Severability. Thl!l Secunti In<;trument !ohull be gO\'erned by federalla\\' and Ihe law of Ihe junsdiction in which the Prorcrt)' l!o located. In Ihe evenl Ihat uny prm'l!l.ton or c1au~e of thiS Secunty In!o1rumenl or Ihe Note conflicts with applicnble low. such conflict shull not uffecl olher provl!olOns of this Security Inslrumenl or the Nole which can be given effect without the confhcllng pro\.'l!l.ion_ To thiS end Ihe provision!> ofthi!. Security In!otrument and Ihe NOle are declared to be severable, 16. Borrower's Copy, Borrower shall be gi\'en one conformed copy ufthe Nole and of Ihis SecunlY Imlrument. 17. Transfer of the Property or a Beneficial Interest in Borrower, If all or any part of Ihe Property or any mleresl in II I!. sold or transferred (or if a beneficial intc:res1 in Borrower IS sold or lran~ferred and Borrower t!o nnl a natural person) without Lender's pnor wrillen con~nt. Lender may, at ils option. require ImmedlBte payment m full of all s.ums secured b)' lhlS SeeunlY Instrument. However. thi!> opllon ~hall nol he ell.ercised by lender If C.lcrcl!oC I';' prohlblll..-d by federal law as of the dale of this Security Instrument. If Lender e1>erCI5es Ihls option. Lender shall give Borrower ntlllce of acceleratIOn. The notice shall provide a period of no I less 1han 30 days from the date the noUce IS deli\lered or mailed wuhm wluch Borrower 10m.! pa~' 311..ums !oL"Cured by thl!o Seeurit)' Instrument. If Borrowcr fatb 10 pay these sum~ pnor 10 Ihe e1>plTlllion of Ihl!o penod. Lender may In\'oke any remedies permitted by thiS Securily Instrumenl wlthoUI further notice or demand (lit Borrower. 18. Borrower's Right to Reinstate. If Borrower meets certum condUlllOS. Borruwer ..hall haw Ihe nchl to huve enforcement oflhis SeeUnl)! Instrument dIscontinued at any lime pnor tn Ihe carller of (Ii) 5 day.. (or !ouch other pennd a!> upphcable law may specify for rCIO!>talemcnl) before ..ale of the ProJlert)' pur..uanl 10 any power of sale f,:onlallloo in Ihl" Security InMrument. or (bl entry of a judgment enforclIIg thl~ SL"CUTlt)' In!>lrumenl "[ hnse condillun.. arc thai Borrower (a) pays Lender all !turns \'\'hich tht:n would be due under tht.-. Seeunt) 1""lrument and Ihe "'iole had no aeec:lerallllll occurred; (b) cure!!. uny default of any other CO\lcnl1nt!!. or ngrecmenl'i. lei pay.. all e1>pc""L"!\ lIICUrrL-d In enfnrem~ Ihl!. SecUn1Y In!;,trument. mcludmg, bUI not IImlled 10. rell!tonllble attorney... fl:'C\. and ld) lal..t.... ..ueh .H:1I0n a' I.emler Tna) reasonably reqUire to ll!o!>ure lhat the hen of thl!> Security In..trun1l:nl, l.ender".. right.. In the Prtlpcrl~ <Jnd IInrro\\'er', nbhg:a110n tll rl.l~ the ..urn!> ..ecured by Ihl!> Secunly In..lrumenl ,hall (llnflnue \In,,:hall~L-d l'rllm rem..tillc!t\Clll h~ Borrnwer. ,hl' SCl.:Urlly InslrUmenll.1nd Ihe Ilhhgl1llon.. !tet.:ured herch~ ,halllCrTlill1l lull\ dTC:I.:ll\l' ii' II 1111 .lL"l.'ekl.lll,lIl hild fOCl..urr.-.."t.I Hnu'l'\'cr. Ihl.. nghllO rem"latc ..hall not appl) 1.11he 1.11'(' 111,11.1,('1('11111, 'II \Jflll~'1 r.lra~l;lph.. I i .1' 1"1