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6... 103697
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<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. InsWilion. 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 to an 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 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 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 oft he 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 2 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 anv demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising all right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
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<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The 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 />of paragraph 17. Borrower's covenants and agreements shall be joint and several Any Borrower who co -signs this Security
<br />Instrument but does not execute the Vote: (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: (h) 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.
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<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Now without
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<br />that Borrower'sconsent.
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<br />12. Loan Charges. If the loan secured by this Srcurny Instrument is subject to it law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to he collected ill
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge %hail he reduced by the amount
<br />necessary to reduce the charge to the permitted Irmo; and (b) any sums already collected from Borrower w itch exceeded
<br />permitted limits will he 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 Bb, miser if a refund reduces principal, the reduction wdi hr treated as a
<br />partial prepayment without any prepayment charge urider the Vote.
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<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the clfect of
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<br />rendering any provision of the Vote or this Security Instrument unenforceahlc a :cording to its reins. Lender, at rn option,
<br />may require immediate payment in full of all sums secured by this Serum} Instrument and may invoke any remedies
<br />permitted by paragraph la If Lender exercises this option, Lender shill) take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice nr Borrower provided for ill this Security hi,irumeni shall he given by deh%enng it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall he directed to the
<br />Property Address or any other address Borrower designates by notice to i.ender Any nonce to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender de%ignat % by notice io Borrower Am notice
<br />provided for in this Security Instrument shall he deemed to have hecn given to Borrower,' r Linder when given as provided
<br />in this paragraph.
<br />15. Governing lAw; Severability. This Security Instrument ,hail he governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can be given effect without the:onflicting provision To this end the pro%t, ions of this Sevurity instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy, Borrower shall be green one conformed copy of the Vote and 01 t)rts Security )n,trument
<br />17, Transfer of the Propert) or a Beneficial Interest in Borrower. if all or any pail of the Property (IT any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is ,old or tran,terrcd :ind Borrower i, not a natural
<br />person) without Lender's prior written consent, Lender may, at its option, require imne(irate payment tit lull of all ,till],
<br />secured by this Security Instrument. However, this option shall not be excicucd by Lender it exercise is prohibited by
<br />federal law as of the date of this Secuntv Instrument.
<br />if Lender exercises slits opnon, L.endei shall get a uorr„w._: notice ,tl au, rira auon ! ar n „r, <• ,a ,;
<br />of not less that; Gdays from the date the notice is driwcred of mailed tv ntnn w hiv h box ;• wet .1111,; ;+., r:1 .,.inns
<br />this Securt:y Instrument If B• rower fails to pay these ,tints prior to the rxpiratioon ,+(; his ;krr+,ki. t ender iia, :n,. sc + +•,
<br />remediespermittelt by thisSCCUn1V Instrument without lurilier nutircordemand,urt B(.rn wcr
<br />18. Borrower's Right to Reinstate. If Borrower meets ; errain oti jo , n,, lh,rn•wct - .,. , 1 ichi :,t h.i ,
<br />enforcement of this Security In%ir a icni discontinued at anv time prior i., the c:wwr rt (a, ` ,L,v u, t4 vu•• •o , .t +•
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<br />applicable taw may sTxxify for rt insiatentent) belory sale of the Proper;% ; unu:.uu io .ury row cr . r ,.,n
<br />Security Instrument, or Ili entry of a judgment ¢'nturcmg +h„ \e: urrty 1 n,i, ur11rnt i husc . ,n,tr .,.,, ; , ., . • i+ , ,.
<br />(a) pays Lender ail ,urns %huh then would he due under tars Sc stile', in,trunutni .rxt nr, ;,
<br />o"uricd, (b) :ure, anv default of any otlirt .o e•nants or igrcrrneni, ;(; pay•. .JI < %;sense, ,..,+ + -r•.i _ ,
<br />Seu:urtty instrument, rnviuding. but not hunted oil, reasonably etrmney,. 'ct- , .i ,.+! t.rA , . „!: I.
<br />reasonabh require u, as,uic that the hen roe this Srrunty lnstrument < Ldc•r ,qtr;, ,+ 1.. . It
<br />obhgaitot: io pat 'hi: sums %c%utcd by fhrs tiaAuniv Irr,rrtanrcrrt .hall , •moue o"h.+nk,,;
<br />liorT(,wer. this Itr,arulncnt and litl',tt)11gAllons,CSnr = d fla'I.`:b% \h„ii ! niY„+ !•Ilik t-tiC ..
<br />- ,.urred lic,w,,, 1, Ihi, right rV ti,ur ,tare ,hail not appiv 'ti Sit(', J,l' ,f .1, ,'I c,,W 11 ul1 ,W' ii
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