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<br />If Leader 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 to effect wail such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lxnder s written agreement or applicable law.
<br />8. InsWtioe. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior loan inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, director consequential, in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the stuns secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property.
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the 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 to in paragraphs 1 and Z or change the amount of such payments.
<br />10. 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
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not he 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 />by 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. 'Tile covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />ofparagraph 17. Borrower's c o%enants and agreements shall bejoint and several. Any Borrower %% ho co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest to the Property under the terms of this Security Instrument, (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodat :.ms with regard to the terms of this Security instrument or the Note without
<br />that Borrower'sconseni.
<br />12. Loan Charges. If the loan secured by this Secunty Instrument a subject its it law which sets maximwn loan
<br />charges, and that law is finally interpreted so that the interest or other loan charge, collected or to he collected m
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to rrtduce the charge to the permitted limit; and (b) any sums already collected front Borrower which exceeded
<br />permitted ]units will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will he treated as a
<br />partial prepayment without any prepayment charge under the Vote.
<br />13. Legislation Affecting Lender's Rights. if enactment or expiration of applicable laws has the effect of
<br />rendering any provision oflhe Note or this Security instrument unenloiceahlc according to its terms, lender, at its option.
<br />may require immediate 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 the second paragraph of
<br />paragraph i7.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall he given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. llic notice shall he directed to the
<br />Property Address or any other address Borrower designates by notice to lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice io Borrower Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall be goxerncd hx federal la%% :Ind the law of the
<br />jurisdiction in which the Propert} is located. In the event that any proi.isu?n or clause of this Sc•curty Instrument or the
<br />Note conflicts with applicable law• such conflict shail not affect other provisions of this Security in,irunicto or the Vote
<br />which call he given effect without the conflicting provision. To this end the prmisions of this Secunty lnstrunteni and file
<br />Note are declared to he severable.
<br />16. Borrower's Copy. Boorrower shall be given one conformed copy of the Noic and o f f his Securit Inurumeut.
<br />17. Transfer of the Property or a Beneficial interest in Borrower. 11' ail or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial Interest to Borrower is sold or transferred and Borrower is not a nat!nal
<br />person) without Lender's prior written consent, Lender rnay, at it, option, require nnniethaw payment to full of ail sum,
<br />secured by this Security Instruinem. Llowever, this option shall not he exetciscd by Lender It exercise !, po4uh!tcd by
<br />federal law asofthedateofthisSecurity Instrument.
<br />If Lender exercises this option, Lender shall give Borrower uolice of accelertiow i he nonce ,hail fit( -, I& ❑ period
<br />of nut less than 3O days (neon the date the notice is dehverrd or mauled ,A ith in which Borrower Illn,l IMN al! ,ants senirCd b}
<br />this Security instrument. If Borrower fails to pay these sums prior to the expiration oft his tome), Lender niaN unokc any
<br />remedies permitted by this Security Instrument without further noticem dentand on Borrower
<br />18. Borrower's Right to Reinstate. If Borrower meets certain condition,. lwromcr ,hall haxc the right to ha,e
<br />enforcement of tilts Security htstrtunent discontinued at any lime prior !,: the ratio of tit) ^day, tot ,urh .,diet period a,
<br />applicable law may specify tier reuislate :ncnt I hrGrrc sale •:,f !1 Pr;l,rrty pt,nu;uu Io .tit, po„c r Of s,!i, vu a:r.ed lit Ili,
<br />Security In- ,truaucnl. of (h)rntr, i'tajud rwill cuforcuit Ili Joint, ln,vutncn; fh"u; tone) I,vn at, tine Id„rn„ct
<br />iaf pays Lender:dl nulls which Ilicil wunud h,: due under thy•. ik cwvy lu,!run!rnt .ir,d !hc A,q¢ 11,1,1 nip 1— z-4
<br />cwojtrcd, •',to .:arcs any J-fau;i ,m. athet - ,,ot.sw, :,t ,[gl "Its 111' t, i pa,- .al rx;�cr,,r, 1n :i.rrl,i ;n Ir ;lit•
<br />St urlls lnsu'unr =•tit. io., lwd.ng. hul twt !united t , ta„ nahlr,ittninr,.' I .ol,f t,t,
<br />rta,.ist.thl, .eau .,;° F•> is'a.Ic lit„• !hc 1!cn :'l !III, Sc: .,rill. In,le ❑tarn., t ,.....r r I'r n
<br />u +, irra'. -,i (� ,.a•, t! =c ,. n, .,.,u.,, i., Ill. :. 'if it', IL,t1 „r nil f -111 _i
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