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85" 00vow
<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 mn effect until such time as the requirement for the
<br />insurance terminates nl accordance with Borrower's and Lendcr'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 nolicc at Ilse time of or prior to ;Ili inspection specifying reasonable cause for the inspeciion.
<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 he paid to Lender.
<br />In the event of a total taking of the Properly• the proceeds shall be applied to lire 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 Properly.
<br />unless Borrower and Lcndcr otherwise agree in writing, the suers 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) tine fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Properly is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor ofrcrs to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 clays after the date the notice is
<br />given, Leader is authorized to collect and apply the proceeds, at its option, either to restoration or repair of Lite Property or
<br />to the sums secured by tills 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 title due date of the monthly payments referred to in paragraphs t and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Fxtcnsion of the time for paynicni or
<br />modification of amortization of lite sums Secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower small :lot operate to release Ilse liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall nol be required to continence proceedings against any successor in interest or refuse In extend tittle tie
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by lire original Borrower or Borrower's successors in interest. Any forbearance by Under 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. The covenants and agreements of
<br />this Security instrument shall bind Inc.' benefit the successor%and assigns of Lcuder and liorrowcr, 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 rot execute Ilse Note: (a) is co- signing this Security Instrument only to mortgage. grant and convey
<br />Ilral Borrower's interest ill the Properly under cite terns of this Security Instrument; (h) is I,ot personally obligated to pay
<br />Cite sums secured by this Security Instrument; and (c) agrees that Lcndcr and any other Borrower may agree to extend,
<br />modify, forbear or make any acconilnodaianis with regard to Lite terins of tills Security Instrument or title Note without
<br />that Borrower's consent.
<br />12. lelau Charges. if the loam secured by this Security Instrument is subject to a law which sets maximum luau
<br />charges. and that law is finality niterpreled so that the interest or oilier loan charges collected or to hie collected in
<br />connection with the Loan eACCed the permuted iinmts, then: (a) any such loan charge shall he reduced by site amount
<br />necessary to reduce the charge to the ;iernulled fotiit; arch (b) any sums already coEccied from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make tills refund by reducing the principal owed
<br />under the Note or by making a direct payment to llorrower. If a refund reduces principal, the reduction will be treated asa
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enacitncnt or expiration of ap plicabic laws has the clrccl of
<br />rendering any provision of tlic Note or tills Security Instr unncn; luaciaforccabic according tails terms, lender, at Its option,
<br />may require numednatc payment in full of all sums secured by this Security Insirmnew and may invoke any remedies
<br />liernimcd by paragraph 19. If Lender exercises thus option. Lcndcr shall take the steps specified ml the second paragraph of
<br />Paragraph 17.
<br />14. Notices. Any not to Borrower piovarhed for;;I thiis Security i:uirutnent shall be given by delivering it or by
<br />mailing it by first class mall unless applicable iaw requires use of another method. The notice shai; be directed to lite
<br />Property Address or any other address Borrower designates by notice in Lender. Any notice io 1-cider shall be given by
<br />hrsi class mail to Lender's address stated herein or any other address Lender designates by notice to 1'soirower. Ana• iwiice
<br />provided her Ill tills Security Insil unicat shall be deemed to have been given to Borrower or Lender when given as provided
<br />Iii tills paragraph.
<br />15. Governing Law; Severability. "Phis Security InSlrlllllCut slialh he governed by federal law am,l the law of the
<br />j urisd/Ctlon ill which Cite Property is localed. In the event that any provision or clause of this Sccuii;y ims;iunieut or the
<br />Note cuallicts with applicable law, such Coalilct Shall not alhccl oilier provisions of till.. Securoy lirilruliwi ;t or ]lie i\Uie
<br />which call be given clhect watliout lite conflicting pi'ovisma. To tills Cad lite provisions /lit Nils Sccurmy /ns;i to;liii; iil;u ;lie
<br />Note are dcciamd to he severable.
<br />16. Itorruwer's Copy. Borrower slw;h he given one collformc.] Copy of Cite N(,:e and r1 ;,as S. ConI} Irstiurtc :; ;.
<br />17. "Transfer of the Property ur a Iicuclhciul Interest in Burroevcr, If' alit of ,lmy ilai; of ;le 1'loi Cr;)' , It . +lit'
<br />interest in it is so;th or transferred (or if it benclicial interest in Borrower is sir ;d or tramfrrrrd .Ind Bni 10%W1 a veil a r.a ;urai
<br />persoil) without Lender''% prior wrdtcrl Consent, Lender rnay, at Its option, requir'-- Il llowdi'lic i'.i }'well ii, hill of as s,LIi%
<br />secured by this Sceuitay lasirumcl ;t. I lowcvcr, this option sltaii no; be excirisc,. oy h.cndcr :f cAcntsc Is i tolliolicel ily
<br />federal I.IW :1$ Of the dale of IhiS SCOMly InStrlll)1CIIi.
<br />hf 1.CiidCr CACfCt..eS this opiloo, Lelidel shall gave Borrntver IU iI ;IC ,!h .IiiC7l'r.11l,ii 1. I lir noii e dill ;,lot',ue a pel ;e,d
<br />a not less ihaie 31}efays fir +tlr Chic date oic ntiikx as delncre,i ur netiicti evithlrli which boiiowcr inoisi !,.I , ail sums W—. r,; its.
<br />141'. Sccur icy IllSlramcut. If Borrower fails Ili paV thew suln4 ill for to flit: Cxillydl lon of Inn', i,ctt,td, I l ic;ri i =;ac ali in :j
<br />remedleR;ierul,licd by till%5eckiwv nstru :nco eevdluul lei lilri pollee or dvii. old oli ito; I'm 'I
<br />Ill. Uurruwer's [bkpt U. llrui..latc. it 1;0rl0wc: nick".. ,:crl.on .ondul,rn•,, hi ;n err s:i,kii h.,or i;c i, , ..I,r
<br />cnforceiaeut of this security Instrument dluonrin,c,l at it's luul• prior Ise ol. ta) ', ii.lps (nr soil„ „ill ; ; ;'ci ln,i as
<br />fiiiEt attla: l:aia tray SJW�lfy for relustat,';rtc:W,I in :fotc s.11c of ill,
<br />1C :Hr1Iy in'iirUaliCni, tit (l) miry 1,f 6 f,lfhg l{IC Itt call lit :all; Ihr, `c,;Iilli1' 1n1Iltml, t, Ihow iUlldll i, „Iti .IIC lii.11 ht,�l l.,o,'r
<br />(:zj pay. lxilki•1' .nil %iwi% which Ilcn asoull le due unth'r Iles ircuioy his;rlii wit; .lull Ile Nu Iv ;:.Ili to o..... Idl nit y
<br />ftR,a: 4lr reel, it') 1 -1nr5 arty dQaldt ,II ailv Ulmrr Cllvvilitl1 S of .1 ,,. I1 H ;� (, ) ;),I) 11' •A(u , , I 1 ll i i I11
<br />lRP',,; tlydly Iris' =rti,.i(.{il, Ftllil /l)Ini'.. ht,t no; linllicil lv, fci,,, .1;ld i,I) IA", •1" k
<br />toll' Iw i :co ,Plus
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