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$6� 102849
<br />If Leader required mortgage tusuraace as a condition of nuking the Iran secured by this Secunty 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 on accordance with Borrowed s and Lender's written agreement or applicable law.
<br />IL latgsetitm Leader or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shell give Borrower notice at the titrKofor prim to an inspection speafymg reasduublt cause for the inspection.
<br />f. Candenssellism. The prucexds of any award or clam'for damages, direct or consequential, in connection with
<br />say condemnation or other i9kmg of any part of the Property, OF for conveyance to lieu of condemnation, are hereby
<br />assigned and shall be paid to !.ender.
<br />In the event of a tonal taking of the Property, the prncees shall be applied to the sums secured by this Security
<br />Instrument, whether or cwt iben dwc, with any clLeeu paid to Borrower. In the event of a parttal taking of the Property,
<br />unless Borrower and Lerner otherwise agree in wnnng, the sums secured by this Secunty instrument shell 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 ib) 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 otters to
<br />make an award +x seise a claim for damages. borrower fads to respond to Lender within 30 days after the date the notice is
<br />given, Lender n authmizet to coilect and apply the proceeds, at its option, either to restoration or repair of the Propeny or
<br />to the sums secured by this Su unly Instrument. whether or not then due
<br />Unless !.ender rind Borrower otherwise agree tit writing, any application of proceeds to principal shall not extend or
<br />postpone the dtit date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />IS. So ewer Not Released; Far`earawee By Lender Not a Waiver. Extension of five time for payment or
<br />modthummn of amuniratiun of the sums secured by this Security instrument granted by Lender to any successor in
<br />interest of Borrower shag cwt I.V aste to rclease the lability of the original Borrower or Borrower's successors tit interest
<br />Lender sW nit be required to commence proceedings against any successor 1r. interest or refuse to extend time for
<br />prayaoernt or otherwise modify sm natation of the sums secured by this Security Instrument by reasem of any demand made
<br />by ibe origins! Borrower or borrower's wceesscrs in interest. Any forbearance by Lender in exercising any right or remedy
<br />dusk not be a waiver of or preclude the eaercu a of any right or remedy.
<br />! 1. sacesesars said Asaw Lwwnl: Jolla awd Several liability; Co- sianen, The covenants and agreements of
<br />this Secunly Insolonzntent "I bond and benefit the successors and assigns of Lendcr and Borrower. sub)ect to the provisions '
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and scyCral. Any Borrower who co-signs this Security
<br />Inurumem but does iwt execute the Note: (a) its co- signing this Security Instrument only to mortgage, grant and convey
<br />that Blrrrmver's interest in the Property under the terms of this Sdxunty Instrument; (h) is not personally obligated w dory
<br />the sums iiscutexd by this Secunty lmattunienl; and (c) agrees that Bender and any other borrower may agree to extend,
<br />modify, forbear w make any accommix1ations with regard to the terms of this Security anstrurncnt or the Note without
<br />that lbrrower's consent.
<br />LL Lsait Clanpos. If the loan secured by this Security Instrument is subject to a law which sets rriaxunum loan
<br />charges, and that law is [rally marpxeaed so that the interest or other loan charges collected or to be colleted m
<br />a
<br />connection with the loan exceed the permitted limits, then: (a) soy such loan charge shall be reduced by the amount
<br />necemmy to rieduce the charge to the permitted limit, and (b) any sums already collected from Borrower which exceeded
<br />permitted lints 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 dire i payment to Borrower. 1f a refund reduces principal, the reduction will be bested as a
<br />partial prepayment wtthoul any p repay meni charge under the Notre.
<br />13. Leaislatiw Al&ctias Leader's Rights. If enactment or explranon of applicable laws has the etlect of
<br />rendenng any provision of the Nuic ox this Security Instrument unenforceahlc according to its icrnis, t.etder, at its option,
<br />may require immediate payment in full of all sums secured by this Sccunly Imitumcnt and may invoke any remedies
<br />permitted by paragraph 19. If Bender exercises this option, Lender shall lake the steps specified in the Second paragraph of
<br />paragraph 17
<br />IA. Notices. Any notice to Borrower provided for in ibis Security Instrument shall he given by dehvcrnig it or by
<br />mating it by first class mad unless applicable law rcquores use of another n±r thod The twee shall tie dlrccicol to the
<br />Property Address or any other address Borrower designates by notice to Lcudct Any nonce to Lendcr shall be grvctr by
<br />first class mad to Lender's address stated herein or any other address Lcnder designates by notice it) Borrower Any nonce
<br />provided for in this Security Instrument shall he deemed to have been given to Borrower or Lcnder when grvcn as provided
<br />in this paragraph.
<br />15. Governiag Law, SeveraWlity. Thrs Security Imirumcnf shall he governed by federal law and the law of the
<br />)unadiction in which the Property is locate lit the event that any provision or clause of Ihu Sccurtly lnstnunrni or (fir
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this'iccurity Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />`ices are declared to be severable.
<br />li, Bisrrawer's Copy. Borrower shall he given one conformed copy of the Note and of this Secunty Instrument
<br />17. Trawsfer. of the Pnrptrty irr a Beneheial Interest tai Bwruwer, if elf or any part Of the Property or any
<br />interest in is is sold w transferred for if a beneficial interest in Borrower a sold or transferred and Borrower 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 Lendcr If exercise is prohihoed by
<br />federal law as of the date of thus Security Instrument.
<br />If Lender eaerriza this option, Bender shall give borrower notice of acceleration The notice shall provide a pentad
<br />of rot kss than 30days from thedate the notice is delivered or mailed within which Borrower rnusf rwy all sums secure by
<br />this Security Instrument If Borrower tali to pay these sums prior to the expiration of this remind, Lcnder may invoke any
<br />remedies permitted by this Security Instrument without further noocr or demand on Borrower
<br />is. bertrwM'a Room to p'aiwstate. If Borrower meets certain co ndetiom. Borrower shall have the right it) ha.e
<br />L cnfiocement of lhra Security Instrument dncoiumiied at any tine prior tit the earlier of (a) ! days (or such other rvii—f as
<br />applicable law may speedy for reonstatemeni I helore sole of the Property pursunnl w any power 411 sale conlaaird ua Ulm
<br />security anstrumcm, or ib) entry of a judgment enforcing this Sevurny lnr irumcnt I hose conditions ate that flarloarrf
<br />(a) pays Lender all sums which then would he due under this Sea uniy Insirumcm and ifie Ni tr ha(I Ito a Ir ' Iran
<br />t
<br />lit -eNlf ell, lhn rUtH any ilefaul of aflv Other craV [nand ,IT •g!'tYntetll3 rCj pay\ all cline tiara math cell tit Cni 1 I k tint
<br />Secure♦ Instrument, Amiludentt, two rAX hm(1mi Io, realttriabir alt "mevs, IM. end i.4si iA,a s,,, h aa'.n>n a1 I t t rI -. .tray
<br />teasooably reyu(re to aiwoe that the teen (if !his Security lnlirumrrit, I en(ter's ttlrhla m oir flinixriy ants l( ifrnwcl i
<br />t�4ah�i�rp(alnm to pay the vumit HR`tirod by thil Security Instrument than omfinur unah,toitc,: I *ryl1i fon't'; r-�!r<'rr I ha
<br />hint Twer, Ihls'1et.totij, Iouruntent rill star .4htly)all <ans sror uerd hrrrnv M1t.jN trm.Im tteiii rl)Cs tai; �♦ ,f r4r; i:. f'if. .1! ?. :!� h:x;
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