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87-- 103117
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law,
<br />s. Inspectlon• Lender or its agent may make reasonable entries upon and ins
<br />shall girt Borrower notice at the time of or prior to an ins
<br />platoons e i the Property, bender
<br />9. Cndeatnation. The proceeds of any award or claims or damages, direct or consequential, for the ins
<br />any condemnation or other Lakin of an platoon.
<br />assigned and shall be paid to Lender. y Part of the Property, or for conveyance in lieu c ndemnat ono are hereby
<br />In the event of a total taking of the Property,
<br />Instrument, whether Le not then due, with any excess paid to Borrower. In the event of a partial Lakin of t
<br />Pe Y• the proceeds shall in applied to the sums secured f this Security
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security instrument shall be red by
<br />the amount of the roc 8 he Property,
<br />before the taking, divided by (b) the lfatdrbrnarketfollowing el value Property immediately before the taking Any balance shall immediately be
<br />paid a Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers o
<br />givenmake an award or settle a claim for damages, Borrower fails to respond
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
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<br />the sums secured by this Security Instrument, whether proceeds, th due. Lender within at days after the date the notice is
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />Postpone the due date N the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance B
<br />modification of amortization of the sums secured by this nSecurity instrument granted by Lender to any successor in
<br />interest shall Borrower shall not operate to release the liability of the original Borrower Extension Of or Borrower's suceesfsors in interest.
<br />Payment or
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />Payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />shall the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Srcunty Instrument shall bind and benefit the succ
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and of several. Any Annd Borrower, subject to the provisions
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and cor —Cy
<br />that Borrower's interest in the Property under the terms of this Security Instrument, (is not Borrower who ensigns this Security
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, to pay
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument Boo n may a Note that Borrower's consent.
<br />12, Loan Charges. if the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the loan finally the
<br />necessary to reduce the charge to the permitted llimit and (b) any sums such
<br />collected f shall be reduced b
<br />permitted limits will be refunded to Y the amount
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be threat d aa exceeded
<br />Borrower. Lender may choose to make this refund by reducing the principal owed
<br />partial prepayment without any prepayment charge under the Note.
<br />13• Legislation Affecting Lender's Rights. If enactment or expiration of a
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option,
<br />may require Immediate a applicable laws has the effect of
<br />payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in th
<br />Paragraph 17,
<br />14. Notices. Any notice to Borrower provided for in this Security instrument shall be given by delivering if orlby
<br />mailing if by first class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other address
<br />first class mail to Lender's address statedre n or designates by
<br />other notice to
<br />Lender edesigates b bee to Lender shall be given by
<br />provided for a this Security Instrument shall be deemed to have been given to Borrower or Lender when given as Provided
<br />in this paragraph. Y notice to Borrower. Any notice
<br />15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the
<br />junsdiction in which the Property is located. In the event that any j,rovision or clause of this Security Instrument or the
<br />NNote conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />ote cart be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy Borrower shall be given one conformed "Opy
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or an
<br />Interest rn it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred (erred and Boirrower is not a natural
<br />Person) without Lender's prior written consent, Lender ma Y Part of the Property or any
<br />se fir l by this Security Instrument, However, this option shall no �be exct require
<br />sed by !ender If exercise is prohibited by
<br />(deal law as of the date of this Security Instrument. Payment in full of all sums
<br />If Lender exercises this option, Lender shall give Borrower nonce of acceleranwt. The notice shall provide a pencil
<br />ref not less than 34days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by Instrument. If remedies rjhe�mitfed by this Securty Instrument r without prior 10 the r demand on Borrower.
<br />1t1. borrower's urily n Reinstate. If 1lorrowcr meets ceriam conditions, Borrowerr%hall have etherightvto have
<br />I
<br />enforcement % this Security Instrument at any time prior to the earlier of (a) S days (or such other period as
<br />epphcable law may specify, for reinstatement) before sale of the Pro rt
<br />$county Instrument: or (bE entry of a judgment enforcing this Security it, contained "Thusr cundtln,Irs are that Borrower
<br />ta) i>< y Pursuant to any power ol'sale contamrd ut this
<br />Sc -repays Lender all runts which then would he due under this Security Instrurnenr and the Note had no acceler'ahott
<br />cd, si lures any default of any other covenants or a,rerrnents: (c
<br />`Security Instrunieni. Inc'ludmg, tint not limited I(), reasonable attl,rneYs fees, and (d) takes wsh ;tenon as Lender rosy
<br />Pays all expenses incurred m _1 118 thn
<br />'ear +,rashly rrgwae In ;assure lbal the hen of this
<br />=trligsta. a tray rile sums Sre:..unty Irtatrutarcilt, Lut)(Jer'< rghts in the Prn
<br />M:.rr�' secured he this 'Nurity Ittr w, 1t and IEorrnwer's
<br />wet Chas iecurry Instrument anJ the bh at �p7irnt shall cUnlinur un, an •ed
<br />cvrrr•d fE�,wr�cr. than eaglet na rrmsrsir s g �rg,a r hereb'y'hall remain firily eflc�tnr asldiru reuisrairnu nt by
<br />hsll n„t s1,P!Y u, the snsr,�facre")rralf,an under „ trceler;uum had
<br />I trnpiraphs ! i,,a I"
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