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10483g
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument_
<br />Borrow er Nhall pay the premium,, required m 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 maw make reasonable entries upon and inspections of the Property. Lender,
<br />shall give Borrower notice at the time of or prior to an inspection specifyingreasonablecause forthe inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or 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 caress paid to Borrower, in iheevent of a partial taking of the Property, ,
<br />unless Borrower and Lender otherwise agree in wnttng, 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 />bdote the iakmg, 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 novice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages. Burrower faiis io 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 Secuntv Instrument, whether or not then due.
<br />Unless Lender and Burrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone fix due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such pay- ments.
<br />10. Borrower Not Released. Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sutras secured by this Security Instrument granted by Lender to any successor m
<br />interest of Borrower shall not operate to release the hability of the original Borrower or Borrower s successors in interest.
<br />Lender shall not be rcqutred to commence proceedings against any successor in interest or refuse to extend time for
<br />'Payment or c)thcrwtse modify amortization of the sums secured by ibis Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's mot._ sw=, m inktcsi. Anti fiirbearaxtce by under in exercising any right or rentedy� "
<br />shall tint be- a waiver of or preclude the exercise ofany right or rcmcdy.
<br />1L Successors aid Arm Bound, Joint � Several Liability; Cer- signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the succtisscirs. and assigns of Lenses and Bomower, subject to the proves. ions
<br />of paragrapb I i Borrower's cox ersants and agreements shall be joint and several . Any Bxmw er who co-signs this Security
<br />Instrument but does not execute the Mote, (a) is ccrsignmg this Security Instrument only to mortgage, grant and convey
<br />:hat Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured bs this Security Instrument and le) agrees the Leader aril any other Borrower may agree to extend,
<br />modify, forbear or make ails accommodations with regard to the terms of this Security Instrument of the Note without
<br />that Borrower's consent
<br />12. Lora Charges. tf the loan secured by this Sacuray Instrument is sahleLi to a law which scis maximum loan
<br />charges, and that taw is finally interpreted so that the interest or rioter Ioan charges collected or to;be collected to
<br />connection with the loan exceed the permitted limits. thew .i(a) any such inn charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted hmu; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may .choose to :Hake this refund by reducing the principal,, osilcd"
<br />under the Note or by making a direct payment to Botsowcr. Ifa refund reduces principal the reduction will be treated as a
<br />partial prepayment without any prepa wilmt charge under the Note_
<br />13. Legislation Affecting Leader's nights. if enactment or expiration of apphcablc laws has the drect of
<br />rendering any provision of the '+:rte or this Security Instrument unenforixcable according to its terms. Lender, at its option, "
<br />may require immediate payment in fuil of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 1'-
<br />14, Notices. An v notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />trailing it by nrst class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Propcny 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 designates by notice to Burrower. 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 Ljw; Severability. This Sccurlty Instrument shall be governed by federal law and the law of the
<br />jurisdiction rn which the Property is located. in the event that any provision or clause of this Security Instrument or the
<br />'rote corfficts with appacabk law, such conflict shall not affect other provisions of this Sc-- unty Instrument or the Note
<br />which can be glen effect without the conflicting provision. 'I'o '-his end the provisions of tlirs Stcur11; Instrument and the
<br />Note are declared to be severable
<br />16, Borrower's Copy. Borrower shall be given one r:onformrd copy of the No +tc and of this 5ccunty Incrn,r v-nt-
<br />17. 'Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Properiy or an%
<br />interest in it is sold or transferred for if a beneficial inicresi in Borrower is said or iraasferr ed and Borrower is not a natural
<br />person) without Lender's prior written vonsent. Lender may. ai its option. require immediate pay merit in full of all sums
<br />secured by ihus Security Instrument. However, this option shall not he ctettc:_sed by Lender if exercise is prohibittvl by
<br />federal tau" as of the date of tius Securty Irtstrumcnt
<br />If Lender exercises this upticin, Lender shall gi vc Borrewct notice of acceleration. 'The notice shall proviar a pomid
<br />of rtzSf Tess Than .iu dot} s from the date the notice is delivered ore mailed within wtrii:li Biirrt ±wee must pay all win+ se;: tired by
<br />this Security Instrument. If Borroucr fails to pay these sums prior w the expiration of this period. Lender mry in. oke eft,,
<br />remedies permitted by this Securio Instrument withoui further notice or demand on Bc+rrc,wer
<br />I8. Borrower's Right to Reinstate, if Acirrowrs meets crnaincuiudituuns, Bonpwer shall ha,r.. she right t -ha,c
<br />rnforrtment of this Security Instrument discontinued at any time prior to the earlier of (a) i.days Liar such mhet peratiai as
<br />app iicntiic la- niav spe ifs for reinstatement) tirl'core sale iA the Property pursuant to any isetwer of sale containvi is slit.
<br />Semure% b- orument, Or ihy entry of a udgment enfotcing ibis Security iatstrument Those conditiom are lhAt Fk rrrcwei
<br />-tai payer: Lrrido All vums which then: %ouid fir due unocr this Security Instrument and the `1•ote had nw a >,eleratis -'r:
<br />;*"urred -t , uirs any dc6'aulr ','if ans c, heir c, =cenanty ,n agrccrnrilti; (c) pays all c'dperimm incurred in enforon,f 'hi,
<br />1+acurrt lncirun,cnt toqt"Jitxg. Gal sus °i hnnted 1E,' rea inahlr attrarlteys' fee%. and W1 sakr4 vush aallwfi sv t_.rrtdci ma,
<br />'hc am , €f !fo" ic.,. =;t Jnst u,i „st l ender v rrylt;. _, Uhf 1 'off eta And lv-:-
<br />s, €�._; "•
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