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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 />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time ofor 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: tai 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 I 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 />internt of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest."
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization ofthe sums secured by this Security Instrument by reason ofany demand made
<br />by the ongmal Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver ofor preclude the exerciseofany right or remedy.
<br />11. Successors and Assigns. Bound, Joint and Several Liability; Co- signers. The covenant.-, 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 jotnt and several, Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note (al is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in 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 accommodations with regard to the terms of this Security Instrument or the Note without .
<br />that Borrower'sconsenr
<br />12. Loan 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 />fnecessary to reclu" the charge to the permitted limit, and (b) any sums already collected from Borrower which 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 Borrower. If a refund reduces principal, the reduction will be treated as a
<br />Partial prepayment wuhout any prepayment charge under the Note
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rencdenng any pr r -,tt�n t' she Notc<orthis Security Instrument uncnfoiceable according to its terms, Lender. atits option, may require immediate pay.-nent :n full ;,f all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 114 If bender exercises this option, lerider shall take the sieps svecified in the second paragraph of
<br />paragraph I-
<br />14. Notices, Any nc5ti :e to Borrower provided fso in this Security Im.aturnew shall be given by delivering it or by .
<br />mailing ri by firsi class marl uni ns applicable law- requires use of another method" The notice shall be directed to the
<br />Prcipert;. Address or any other address Borrower designates by notice to Lender Any notice to Lender shall be given by
<br />first class mail try Lender's address stated herein or any ofhcr address Lender designates by notice to Borrower. Any notice
<br />provided for in this Setiunts instrument shall be deemed to have been given to Ilorroixer or Lender when given as provided
<br />in this paragraph
<br />15, Governing Law; Severability. This Security Instrument shall he govcined by federal law and the law of the
<br />lurisdictnm in which the Property is located In the event that any priori -,icon for i:lause of f lits Security Instrument or the
<br />Note conflicts with applicable laws such conflict shall not affect either provisions of this Security Instrument or the Note
<br />which :all t?e givers effm i withjui the conflicting provision- fo this end the provisions t,f ihis Seturity Instrument and the
<br />Ncotc are declared to be severable
<br />lb. Borrower's Copy. Bcurowet shall he even one tonfurmed copy cif the Note and cot this Security Instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any pert of the Property or any
<br />interest ni,n is sold or transferred for if ;I beneticiai interest in Dorrowet is sold of transferred and Borrower is not a natural
<br />person) without Lender's pnor 'Armen aOnsent, Lender may, at its option, require immediate payment in full of all sums
<br />secured h} -this Security Inimumcnt Hcrwevrr. ibis caption shall not he e -,erased by Lender l' ecercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />It Lender exercrves ibis option, Lender shall give Aorfcrwef nonce oO acceleration 1 he nonce shall pros ide a rnriod
<br />ofnot less than 10 day %front the irate the totwe is delivered it maticd within which Borrower must Pay all sums secured by
<br />thix Security Instrument_ if florrowry fails iii pay these sums prior it) the expiration of this fxriod, Lender miry invoke any
<br />trmcdicv permnrcd by this Security Instrument without further notice of dernand on liorrowef
<br />M Borrower's Right to Reinstate. If Borrower meet% certain cciricirUUns, iic,rftiwaf shall have the right to have
<br />e;itc,re'crr'eni If this securny lostrumsrnt dis:otOifuucff at any time Prior iii the earlier ref (a) F cis}, Poi such other prrnid as
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