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<br />If Lender required mortgage insurance as it condition of making the loan secured by this Security In-
<br />strument, Borrower shall pay the premiums required to maintain the insurance in effect until such time as a requirement for
<br />the insurance terminates in accordance with &xrower's and Lender's written agreement or applicable law.
<br />8. Inspection. lender or its agent may make reasonable e•ntrics upon and inspections of the Property. fender shall
<br />give Borrower notice at the time of or prior m an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of any parr of the Property, or for conveyance in lieu of condemnation, are hereby assigned and
<br />shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due, wi rh any excess paid to Borrower. In the event of a partial taking of the Property, unless
<br />Borrower and lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount
<br />of the proceeds multiplied by the followmg fraction: (a) the total amount of the sums secured immediately before taking,
<br />divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Burrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails it) respond to Lender within iO days after the date the notice is given,
<br />Lender is authorized to collect and apply the proceeds, at its option, either eo restoration or repair of the Property or ur the
<br />sums secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred tit in paragraphs I and ? or change the amount of such payments.
<br />If). Borrower Not Released; Forbearance By lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of
<br />Burrower shall not operate tti release the liability of theoriginal Borrower or Borrower's successors in interest. Lendershall
<br />not be required ut commence proceedings against any successor in interest or refuse to extend time for payment or otherwise
<br />modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower
<br />or Borrower's successors in interest. Any forbearance by lender in exer[sing any right or remedy shall not be a waiver of or
<br />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 this
<br />Security Instrument shall hind and benefir the successors and assi+ ns of Lender and Borrower, subject to the provisions of
<br />paragraph 17. Borrower's covenants and agreements shall be• joint and se%vrtl. Any Burrower who cu -signs this Security
<br />Instrument bur does not execute the Nore: I a) is cu- signing this Security Instrument only to mortgage, grant anti convey that
<br />Borrower's interest in the Property under the terms of this Security Instrume•nr, (b) is nor personally obligated to pay the
<br />sums secured by this Security Instrument, and ic) agrees that Lender and any other Borrower may agree to extend, modify,
<br />forbear or make any accommodations with regard ui the terms of this Security Instrunhe•nt or the Note without that
<br />Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject ni a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or ui Ie collected in connection
<br />with the loan exceed the permuted limits, then: t a) any such loan charge shall be reduced by the amount necessary to reduce
<br />the charge to the permitted limit, and ( b) any sums already collected from Burrower which exeeeded permitted limits will be
<br />refunded to Borrower Lender may choose to make this refund by reducing the principal owed under the Note or by making
<br />direct payment it) Brrrowe•r. If A refund reduces principal, the reduction will be treated as a partial prepayment without any
<br />prepayment charge under the Note
<br />13. legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of rendering
<br />any provision of the Note or this Security Instrument unenforceable to cord mg to its terms, Lender, at its option, may require
<br />immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies permitted by
<br />paragraph 19 If lender exercises thisuption, lender shall take the steps specified in the second paragraph of paragraph 17.
<br />14. Notices. Any notice tit Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mad unless applicable law requires use of another i etho d T'he not ice shall be directed ru the Property
<br />Address or any other address Borrower designates by notice to Lender. Any not ice to lender shall be given by first class mail
<br />ti Lender's address stated herein or any other address Lender designates by notice to Burrower. Any notice provided for in
<br />this Security Instrument shall be deemed to have been given to B reow•er or lender when given as provided in this paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In theevenr that any provision or clause of this Security Instrument or the Note
<br />conflicts with applicable law, such conflict shall nut affect other provisions of this Security Instrument or the Note which can
<br />be given effect without the conflicting provision To this end the provisions of this Security Instrument and the Note are
<br />declared m be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Burrower is sold or transferred and Burrower is not a natural
<br />person) without lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall not be exercised by lender if exercise is prohibited by federal
<br />law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The nuticcshall provide periodof
<br />not less than Wdays from the date the notice is delivered or mailed within which Burrower must pay all suns secured by this
<br />Security Instrument. If Borrower fails to pay these sums prior it) the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand un Brrruw•cr.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier tit I a) 5 days for such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant io any power of sale contained ht this Se
<br />f curtly Instrument; or ib) entry of a judgment enforcing this Security Instrumenr Those conditions are iliac Burrower (a i
<br />Pays Lender all sums which then would he due under this Security Instrument and the Note had no actcleratiun occurred; ( h i
<br />cutcs any default of any other ttmvenants or agrevinents; ic) pays all expenses incurred m enfuromA this Security l nsrroinc it,
<br />Including. but not limited tu, reasonable attorneys' fees; and (d) takes such action as Lender may reasonably rrqune to aw
<br />sure that the lien out this Security Instrument, Lender's rights in the Property and Borrower s obligation to pav the soots
<br />seated by this Security Instrument shall continue unchanged U ;xth rernst.iwin •tit by Borntwc•t. this Scounty Irotruncnr
<br />aril the obligations wtured tic reby %hall retnA lot It,Ily effective as if no. acct IV mono ho, I ,-turd Hit.I rI, rho rrghI n,
<br />rrol%tAtc chat) rot Apply in tire case .11 Atteletation under paragraph% I {air 1 -
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