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104160
<br />If lender required mortgage insurance as a condition of making the loan secured by this Security In-
<br />strument, Borrower shall pay the premiums required to maintain the insurance in e•ften until such time as a requirement for
<br />the insurance terminates in accordance with Borrower's and Lender's written agrecnx nt or applicable law.
<br />ti. Inspection. Lender or its agent may make reasonable vntric•s upon and inspections of the Property. lender shall
<br />give Burrower notice at tilt- time of or prior to an inspection sp(mtying reasonable cause for the inspectio;S.
<br />9. Condemnation. •rhe• proceeds of any award or claim for lamages. direct or consequential, in connection with any
<br />condemnation or other taking of any parr of the Property, or for chun'e•yancc in lieu of wnderrinat ion. are hereby assigned and
<br />shall be paid to lender.
<br />In the event of a total taking of rhe property, the proiceeds .hall he applied ro the sums secured by this Security
<br />Instrument, whetherur not ncen due, with anyexcess paid n) Burrower. In tiheevenr of a partial takingof the Property, unless
<br />Borrower and Lender otherwise agree in writing, the• sums secured by this Security Instrument shall be reduced by the anunnt
<br />of the proceeds multiplied by the following fraction: i o the total amount of the sums secured immediately before raking,
<br />divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Burrower
<br />If the Property is abandoned by Borrower.or if, after nonce by Lender to Burrower that the condemnor offers a; make
<br />an award or settle a claim for damages, Burrower fails to Y"pond to Lender within i0 days after the date the notice is given,
<br />Lender is authorized to collect and apply the proceeds, ar its option, either to restoration or repair of the Property or to the
<br />sums secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Burrower otherwise agree in writing, any application of proceeds to principal shall nut extend or
<br />postpone the duc date of the monthly payments referred to in paragraphs I and 3 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Under Not a Waiver. Extension of the tune for paymen[ or
<br />modification of amortization of the sums secured by this Security instrument granted by t -ender ui any successor in interest of
<br />Burrower shall not operate to release the liabibry of theoriginal Borrower ur Borrower's successors It" interest Lender small
<br />not be required tocomnhence proceedings against any successor in interest or refuse to extend time for payment urutherwise
<br />mudifv 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 forbearancebv I- ender in exercising any right or ret•.hedv 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 />Securav Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject it) the provisions of
<br />paragraph 17. Borrower's covenants and agreements shall be illicit and se%cral. Any Borrower who co -signs this Security
<br />Instrument butdoes not execute rile Note: ta) is cu- signing this Security Instrument only art mortgage, grant and convey that
<br />Borrower's interest in the Properly under the terms of this Seaton• Instrument; (b) is not personally obligated to pay the
<br />sums secured by this Security Instrument, and act agrees that lender and any other Borrower may agree to extend, modify,
<br />forbear or make any accommodations with regard to the terms of this Se•curiev Instrument or the Note without that
<br />Borrowers consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject to a !aw which sets maximum loan
<br />charges, and that law is finally interpreted so that the Ititeresi or, it her loan charges collected or tit be collected in connection
<br />with the loan exceed the permitted limits, then: ut i any such Juan ctiarge shall be reduced by rhe anuxtnt necessary to reduce
<br />the charge c o t he permitted limit, and ibt any runts already collected from Burrower which exceeded permitted limits will be
<br />refunded to Borrower. lender may choose to make this refund by ruductng the principal awed under the Nore or by making a
<br />direct payment to Burrower. 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. It cnactmem or e•xpiranon of applicable Laws has the effect of rendering
<br />any provision of the Nutt-or this Security Instrument unenforceable acwrding to its terms, Lender, it its option, may require
<br />immediate payment in full of all sums secured by this Security Insn'umcn[ and may invoke any remedies permitted by
<br />paragraph 19. If I,ender exercises this option, Lender shall take the steps specified in the sceund paragraph of paragraph 17
<br />]d. Notices. Any notice to Bortuwer provided for in this .Secunry instrument shall be given by delivering :t or by
<br />mailing it by first class mail unless applicable law requires use of another nlethod 7'he notice snail he directed nt [ht- Property
<br />Address or any ocher address Borrower de,
<br />ignares by notice• to Lender. Any notice a+ I.cnder shall bc•givcn by first class mail
<br />to Lenders address stated herein on- any other addreu Lender designete•s by 110[icC to Borrower. Any norice provided for in
<br />this Security Instrument shall be deemed to have been giycn to Borrower-or Lcnde•r when given as pro% ided in this paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall lie gove•rncd by federal law and tile law of the
<br />jurisdiction in which the Property is located In the event that any provision or clause of this Sccunn• Instrument or the Nutt-
<br />conflicts with applicable law, such conjhct shall not affect other provisions of this Security Instrument or [ht- Note which can
<br />be given effect without the• u,nfhcon,r; pray isiom 7o this end [ht- provisions of this Sccr ity Instnnncnt and the Note are
<br />declared eo be severable.
<br />10. Borrower's Copy. Borrower ,hell be •gaye•n uric umfon-med cope of the• Note and of this Security instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. It all or .in% part of the Properry ur .:ni
<br />interest ill it is solder translerrcd or it a beneficial interest in Burrower is solder tt.uutrrred,uni Bunv?wer is not a mourn!
<br />person) without Lender's prior wnnen cun±cn[, I.cnder ni.rv, at it. option, require inunc.fiatc payment uh hull of all sums
<br />secured by this Security Instrument Ho+w'e%ur. tilt, uprion shall nut be excrciscd be Lender if exercise is pruhohiicd ht tcdcr.al
<br />law as of tile date of tills 5ecttn1y Instrument
<br />If lender exercises this uPtion, Lender .hall }aye Borrower not ice of acccler•nlori l he nuuce shall pnrvide .t period. !
<br />nut less than iOdays from the date the nor ice is deinercd or mailed cnthut vchidt flu: nnycr nui,t pay .all wn)9 secured by tilts
<br />Security instrument. It Borrower tails to pay these sums prior n; the cxpirannn tit thta pcnod. Lcndrr nt.ty imv ;4 .any
<br />remedies permitted by this .';corny Instrument wnhuut hirthct nonce or dt•nh,md on Bo+inrwrr
<br />IS. Borrow'er's Right to Reinstate. if &:rrowcr inters ecr!•on umdulons, Bnrnxver ,bah! Itaac rhe r ght to have
<br />enturccroent of this tielltrlty Insrruntcnr licconrinuc_t at ms mnc poor n, the ctnc,t o+t oa i o;. ;:,i ,,;ch uhf tr I rho -'i as
<br />appltcahlc law tn.:y specify for rems[attnu ur bet:rcr s.dcort the Ptnpcny pursu.cru n any prwr ..f ,.;it- oonit. .0 i cis c
<br />curith lnsount<nr, ..r �b entry o:t a laidgn cot ht,tri:ment I n rc r ndi i, a It tr cc t .,
<br />pa }.lender a11 suniswho0hthenwo11ildhc lit1t. =.ut,ltrthisSeeuini in Irunhcntandtftt it t ,"n 1 r e�!. -�•
<br />mv,an}defaoft; +t any ula :I—;k%tnarots +rar;icenune,. o';p v I ..Ilrvhrn,e, no.i•e!u cn : :io .{ hi,seorr.n Im.i uut.r.
<br />mclu.luit, hill n,+r brtutri tn. re.a,n ;whir ato;cnccs ice, aa..i -•i t,a r, •uc unr:n f cn: . nc ; .;
<br />,ore direr thv Ire r, ill th;. tea,, „cite Inr.;rnmrnt. Lrndei , oi,:ht, in the Yr .per :. It:;;;,n _ t +
<br />.ccurc-:f b', flu, ?cent.•, it ll—I' i ,h.,!I ,:•uruwe n: hanyr,f 1. j.m rr .:,; i�c; nr H.. „o. .. .... :..
<br />.; rn: iic I �„ir :on, u... r, -,! !n:. +: G. :I :.dl rct: r.; :; t :n rf'ro nit- .o, it r....�c.c :.. ..... ... •. ...... ..
<br />t..,h.aii •t.;, he ,.v. o[ ;- :ckt3nr :t 'r ,ri lea .iJ' ?` .
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