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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 Borrowers and Lender's written agreement or applicable law.
<br />& Impaction. 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. Condensation. The proceeds of any award or claim for damages, director consequential, in connection with
<br />any condemnation or other talking of any part of the Property, or for conveyance in fieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />Iry 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 wnting, the sums secured by this Secunty 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) 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 often 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 !Yoh Released, Forbearance By Leader 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 stia[I not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender stall riot be 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. Successurs and 4-signs Boned, Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument ihall 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 joint and several. Any Borrower who 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 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 Saunty Instrument or the Note without
<br />that Borrower's consent.
<br />12. Leant Cberga. 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 loam 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 />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by snaking a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. leg6latios Affecting Leader's flights. If enactment or expiratiun of applicable laws has the effect of
<br />rendering any provision of the Note or tats Security Inurement unenfiotncablc according torts terms, lender, at its option.
<br />may require immediate payment in full of all sums secured by this Seouruy lnslrunieut and may invoke any remedies
<br />permitted by paragraph 14. If Lender exercises this option, Lender shall take the steps specified can the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for do this Sceunty lnstruncnt shall he given by delivering It or by
<br />mailing it by first class maul unless applicable law require use of another method The notice shall be dirccied to the
<br />Property Address or any other address Borrower designates by notice to Lender Any notice Ito lender shall be given by
<br />first class mad to Lender's address stated herein or any other address Lender dc%tgnates by notice to Borrower. Any notice
<br />provided for in this Scurry Instrument shall be deemed to have been given to Borrower or tender when given as provided
<br />in this paragraph.
<br />15. Governing 1Aw; Severability. This Seventy Instrument shall tee governed by federal law and the law of the
<br />jurisdiction to which the Property is located In the event that any provision or Claus' of this Security lnstrumcnt or the
<br />Note conflicts with applicable law, such contlscf shall nut affect other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />M Borrower's Copy. Borrower shall be given one conformed ropy, of the Note and of Ihis Securny Instrument.
<br />17. Traasir of The Pruperiy or a Beaeffcial interest in Burrower. If all .n any part of the Properiy or dny
<br />interest in it is sold or transferred (or d a beneficial interest in Borrower is sold or transferred and Burrower is not a natural
<br />pe um) without Lender's prior written consent, lender may. at its option, require immediate payment in full of ail sums
<br />secured by this Secunty lwarumenl However, this option shall not he exercised by lender if exercfwe is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If L.cnder exerciw% thi% optkln, Lendei Shall give Borrower notice of acceleration the 11011%;C 11111111 prtlytde a pcncid
<br />of mat ku than 30 days from the date the notice ist clwered or rustled within which Borrower muss pay all suns %%ccurcd by
<br />this Security instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may mvuke any
<br />remedies permitted by this Security lnstrumcnt without further notice or demand on lfornrwcr
<br />is, Brrowr's Ni* to Reisistme. If Borrower meets cerlam ccniditlotrs, Botrow(r shall have tlic right to have
<br />enforcement of this Security Inkirintieni discontinued at any time prior Ire tilt" earlier of (a) 5 days Ior such other period as
<br />Applicable law may specify for reinstatement) belixc sale of the Properly pursuant to any Ixower of sale contained in this
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<br />%aunty instrunsenl, or (b) entry of a judgment enforcing this Security lnstrumcnt ihlrse conditions are that h orrower
<br />ili) pays Lender all sums which then would he due under this Security Instrument slid the Note had flit dccflrration
<br />;,rcurrcd, tb1 ewes any default of any other rovcnanis or agreement%. lc) pays all cxllc•nsc% incurred in cnfurris!1; 1111%
<br />securny (nstiurrient. Including, but nut limited to, teasonable ailoirticys' Ices, and Idi Idke% such acium as 1 ruder nlay
<br />feasorrably require to a,tutc chat flit, lien of this iecunty 111%trurricni, 1 ender" fights nl file Prolxriy and tt"nn wcnl
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