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<br />If Lender required mortgage Insurance as a condition of making the loan soured by this Security Imtruntent,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time es the requirement for the
<br />insurance terminates to accordance with Borrower's and Lender's wntien agreement or applicable law.
<br />11. las/eetion. Lender or its agent may make reasonable entries upon and inspections of the Properly. Lender
<br />shall give Borrower notice at the time nfor prior m an inspection specifying reasonable cause fpr the inspoction.
<br />9. Catiewtusliat. The proceeds of any award or claim1tir damages, direct or consequential, in connection with
<br />any cundenratiom or other ulkukg of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and ittall be paid to Lender.
<br />Iry 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, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless Burrower 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 tine following fraction. (a) the total amount of the sum► secured unmedtafely
<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 is claim for damages, Borrower fails to respond to lender within 30 Jays alter the date the notice its
<br />given, Lender is authonted tocollect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by thts Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of procectis to principal shall not extend or
<br />postpone the due elate of the monthly payments referred to to paragraphs 1 and 2 or change the amount of such payments.
<br />10. Harrower Not Released; Forbeara ice By Leakier 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 onginal Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commaicc proceedings against any successor on 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'& 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 />IL Saeeataars and Atriipd Houtsd; Joist is" Several Liability; Co- signers, The covcnants and agreements of
<br />this Security Instrument shall bind and benefil the successors and assigns of Lender and Borrower, subject to (tie provisions
<br />of paragraph 11- Borrower's covenants and agreements shall be joint and several. Any Borrower who 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 uI the Property under the terms of this Secunty Instrument; (b) is not personally obligated to pay
<br />the sums ucured by this Sexunly Instrurotent; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms of this Secunty Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loast 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 exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />ncccssxry to reduce the charge to the permitted limn; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits 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, file reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws hai the cftect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according tot its terms, Lender, in its oprnor.,
<br />may require immediate payment in full of all sums secured by this Security Instrument and okay invoke stay remedies
<br />permitted by paragraph 19. If Lender exercises this option, I.xnder shall take the steps specified tit the second paragraph of
<br />paragraph 17.
<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 mad uniess applicable law requires use of another inethod. The nonce stall be dtrrcicd 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 destgnaies by notice to 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 he governed by federal law and the law of the
<br />jurisdiction in which the Property is located. fit the event that any provision or clau.r of this Security Instrument or the
<br />Note conflicts wtlh applicable law, such conflict shall not alfect other provisions of this Security instrument or the Nitre
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security Imirumeni and the
<br />Note are declared to be severable.
<br />16. Borwwer's Ctrlity. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of Ilse Propserty or o Beneficial Interest in Burrower. If all or any pan of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is 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 Lender if exercise its prohibited by
<br />federal law as of the date of this Security Instrument.
<br />if lender exercuts this option, lender shall give Borrower notice of acceleration. The notice shall provide a p:r,od
<br />o(not less than 30days from the date the notice is delivered or mailed within which Beirruwer roust pay all runts - .ecUted by
<br />this Security instrument. If Burrower fails to pay these sums prior to the expiration of this period, Lender ntay Invoke any
<br />remedies permitted by this Secunty Instrument without further notice or demand mi Borrower.
<br />18. borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right tit hose
<br />enforcement of Ibis Security Instrument discontinued at any time prior tit the cerher of is) 5 days (or such other p,•n,xt as
<br />appliwable law may specify for reinstatement) helore sale of the Properly pursuant w any power of sale crmtaoir.l sit this
<br />Security Instrument, or (h) entry of a judgment enforcing this Seurity Instrument I hose conditions are that Ii, +ilower
<br />(a) pays Lender all sums which then would he due under this Security Instrument and the Note had no ,tc.ticr,iu, +n
<br />^c•urred, thl cures any default of any other covenants of agreements. (e) pays At expenses Ins urrcd to rnGa, Ong this
<br />Sttunty Instrument, including, but not tit- tcd ro, rcasonahte artorocvs' Ices and id .iir, suit A :Aeon r,. 1.rn!rt inns
<br />reaumahiy require to assure that the her r this Setufoy loWlIrtle111, l.emler's rights tai ;he 1'r„Iwrcy .md
<br />obbgarton to pay the sumo. secured by this Srcurtly Instrument shall continue unrhaopcc 1 I11-a Ic-O.t , -,, i ! s
<br />tkirruwet, this Seturoi Iw,l ,&intent and the ohlikations stctirrd hcteby sh.01 frowin ft,11s stir. else .,s ;± r:r ac+ elk; .,rnm 1•a,i
<br />,k, u: rrtl i1 -,+, -, Cr, th,. 101 to rrinll.lr 01.1111111 ai)(`I4 in she- 11C''I .n,. r 1. I nt. „1, nnarr;a !
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