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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 />So Inspection. 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, 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 he applied to the sums secured by this Security
<br />fitstrurtcili, therrdue, with any excess paid to Borrower. in the event of a partiai taking of the Property.
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall he 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 (h) 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 otTers 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 />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors Ili 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 any demand made
<br />by the original Borrower or Borrower's 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 />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers, Tile this Security Instrument shall hind and benefit the successors and assigns of Lender and Borrower. subjectrte tile provisions
<br />of paragraph 17. Borrower's covenants and agreements shall he joint and several. Any Borrower vol, ho 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 in the Property under the terms of tills Security Instrument: (b) is not persc,nalh' obligated to l,ay
<br />the sums secured by this Security instrument: and (c) agrees that Lender and any other Borrl,\ver may agree to extend.
<br />modify, forbear or make any accommodations with regard to the terms of this Secwity Instrument or the Nt >re \yitltout
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject to :l law \\ lIICll sets illaxirnuill hmll
<br />charges, and that law is finally interpreted so that the interest or other loan charges collecled or ro he collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall he reduced by the arnouflt
<br />necessary to reduce the charge to the permitted limit: and (b) any sums already- collected from Borrower \\ bleb exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing rile pr-inclpal o%%ed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction µ11l he 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 has the effect of
<br />rendering any provision of' the Note or tills Security Instrument unenforceable according to its terms, Lender, at it,, option,
<br />may require imrr.ediate payment in full 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 17.
<br />14. Notices. Any notice to Borrower provided for in this Security instrument shall he f:r\en by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. 'i'he notice shali he directed 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 designates by notice Io Borrower. ny notice
<br />provided for in this Security Instrument shall be deemed to have been given 10 Ilorn,wer or Lender a hell riven as prtnided
<br />in this paragraph.
<br />15. Governing Law; Severability. i'his Security instrument shall he ro\rrnrd i,\ !wise ;d Id%% ;Ind the I ;1\\ of the
<br />jurisdiction in which the Property is located. In the evert that any provision or cl ;lose, >f tills Security Instrenlrnt or the
<br />Note conflicts with applicable law, such conflict shall not affect other pro\isions of this Securlty Instrument or the Note
<br />which call he given efface without file Conflicting provision. Lo thus end file pro\lsu,lls of tllls ticcurity Instrument and tile
<br />Note are declared to he severable.
<br />16, Borrower'~ Copy. Borrower sha11 be gl\ell olle C (Ill ft+rtlled C,tp\ t,f flit. 'so lit, ,llid of Illlr tit °t lil�trnlllt'!11
<br />17. Transfer of the Property or a Beneficial Interest in Borrower, 11' all t,I- and part of Ilse l'rollfliy l,rrl%
<br />interest in it is sold or Iransferred (or ifa beneficial interest in Borrower Is sold or 1I- jwdcricot and Hot Io\\Cr is nut a natural
<br />person) without Lender'~ prior written ct,llsent, Lender Ilia), al its ()pilot], rrdutre Hllmctfiollc p,lynlcnl Ill full of all soils
<br />secured h) thf5 tiee'Urlt)' IllSirl.11llcul. IIOw'CVCI' till' optlelll Shall 11tH ise C.\Clk'I'-Cd h, I Cnt1Cl' 11 t' \Celle' 1,, pl ,hlf�llt'd h\
<br />federal law as of the date ol'this Security Instrument.
<br />It' Lender exercises tills option, l..endet' shall give Norrower non,,:c of ;IC clrratltm. Illy n, +Iles .hall pro u1r ,I perlt}d
<br />of not le°tis than ;U days from the date the notice is delivered or mallet \\ Rhin \\ hie'h liar r,+\\rr nlHSl pay ;111 •,Hills 111,'k lit I'll h\
<br />tills Security Instrumcr,l. if' Borrower fails eel pay thc"C Slifils pl for it) the Cx +lraflt'll otf 1111` ill
<br />remedies permitted h) Chia Security lnatrurnrnt without further notict or dcnlailtf on liar r „Nt.� l f, I ender rn,l�
<br />18. Borrower's Right to Reinstate. if Itorrowcl' nieces „ere ;tin �nndthons. liolruwrr s)lai! h,l\t Ihr 111111 It, ha\r
<br />enforce►nenl of this gcx uric) Instrument discontinued at ;u1y tinlr PI 101 It+ th,, I'M hcl , +t' i;l l d,l� ,,leer .tit h a1, {,llcatllc' I.1 \I In:i) 4pt'Clfy fl +f 1't:lllatatt'flltllf) hl'It,ft: ,,all't1 t,thi 1,CI It'd ad l Ilc 1'1,1p"1
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