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<br />003273
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<br />If L~nder '~q!'!"ed mortgage insurance as a condition of making the loan securedby:nis SecurityI/lstrllnlent,
<br />Borrower ,hall pay the premiums required 10 maintain the Insurance inelfcct untils\lcn time as thereqtiiremellt foHhe
<br />lnsurance fernllnat~ in accordance wilh Borrower's_snd Lcnderts ~ritten agreement-or applicabJe-law.,- '.' _ ':,:' . ..'::, .,,::~ ;_ ;-::
<br />8, Inspection, Lender or its agent may make reasonable entries upon and inspections of the Prop"rty.,Lellder '
<br />,hall gl' < Borrower nOlice al the time of or prior 10 an inspeclion specifying reason~bleeallSe for the inspet;tion., "., ,
<br />9. COildtmnaliun. The proceeds of any award or ciaim fordamages, di~f or-co~ue_nJiait:in-'co~n~~_:)Y~W_
<br />any condemnation or other taking of any part of Ihe Property, or for conveyance in lieu ofcondemllatiQn,are;her.eby
<br />assigned and ,hall br paid 10 Lender, '
<br />In theevem of a lOtaltaking of the Property, ,Ihe proceeds shall br applied 10 the sums secured:bythlSSri:urity
<br />In'trumenL whelher or nOlthen due, with any e~ess paid to Borrower, In Ihe event ofa partial taking of the Pro~y"
<br />unl"" Borrower and Lender olherwise agree in writing, the sums secured by Ihis Security Inslrumentsbllll'brred\lCedby
<br />the amount of Ihe proceeds multiplied by Ihe following fraclion: (a) Ihe 10taJ amount oflhe SUtJl$ securedimmediatelt
<br />brfore the talong, d"'lded by (b) In., fa" markel "aJue of Ihe Propeny immedialely brforelhe taking. Any balance shaltlle
<br />paId to Borro",er.
<br />If the Propen)' I,abandoned by Borrower, or if, aner nOllce by Lender to Borrower Ihalthecondemnorolfers to
<br />make an award or senle a claim for damages. Borrower fails 10 respond 10 Lender within 30 days afterthedatelhenoticeis'
<br />glS en, Leoder IS authorized 10 collecl and apply Ihe proceeds, at its oplion, either to resloration or repair orlhe Property or
<br />10 Ihe ,um,s<cured by Ihis Securitj' Inslrument, whelher or not then due,
<br />Coles, Lender and Borrower otherwise agree in wriling, any application of proceeds 10 principal shall not extend or
<br />postpone Ihe due date of Ihe monthly payments referred to in paragraphs I and 2 or change Ihe amountofsuch paymetl!s,
<br />10, Borrower Sot Released; Forbearance By Lender Not a Waiver. Extension of the limeforpay~enl or
<br />moo.fica"on of amonization of Ihe sums secured by this Securily Instrument gran~ed by Lender to any successor, in
<br />IOleresl of Borrower sbllll nOI operale to release the liabililY of the onginal Borrower or Borrower's successors in interest.
<br />Lender ,hall nOl br reqwred lO commence proceedings against anj' successor in 'nleres! or refuse toextend time for
<br />payment or OIhe""'I'" modIfy amonizanon of Ihe sums secured by this Securily Instrumenl, by reason of any demand made
<br />by th( ongln~I B0-rrow~r Of Borrower's succes.so~ in inle:'~t. .4"ny forbe:lrance by Lenderin i:xerdsing any right or realed)'
<br />snail nul be a waiver of or pr~dudC' (he-exercise ofany nght or remedy_
<br />II. Sueeessun and Assigns Bound; Joint and Several Liability; Co-signers, The covenants and agreements of
<br />IhlS SecUfl!~ JnSlrument shalJ bmd and t ,61Ih. successors and assigns of Lender and Ilorrower, Subjecllothe provisions
<br />of paragraph 17 Borrower', """,nants ar." _greemems shall br 101m and several. Any Borrower who co-signs Ihis Security
<br />I"strumelll bu. docs not execule the NOle: (a) i, co-Slgnmg Ihis Securily Instrument only 10 mortgage, gram and convey
<br />Ihat Bono"er', Imeresl 10 .he Pre,''''' Y under Ihe term. of IhlS Security Instrument; (b) is not personally obligaled 10 pay
<br />the ,un1S ,"",ured by Ih.. s.-.:urilj' Instrument; and (cJ agrees Ihal Lender ar"j any other Borrower may agree 10 e"end,
<br />modify. forbear or make an)" accQmmodaUOolS wtth regard to lhc: terms of this Security Instrument or the-Note without
<br />lhal Burro",-cr's. con-SCnt
<br />Il, Loan (,oarl", If the loan ""'ured by thIS s.-.:unly Instrumenl" Subj<CIIO a law which selsmaximum loan
<br />\.:h:srgl,"~, and that 1.1Iw I~ tinaB)' intt'rpretcd so that the in-teres.t or other loan charges collected or to be collected in
<br />"Onn<x"on '''Ih the l"an excffti the permUted IImm, then: (a) an~ suth loan charge shall br redu~ed by Ihe amount
<br />nt"",''''r} 10 reduce the charge 10 Ihe perml!!ed IImu; and (b.) anj' sums already collecled from Borrower which eAceeded
<br />rerrntlled bmll' "Ill b< refunded t" Borrower, Lender may choo;c 10 make lhis refund by reduclllg the principal owed
<br />uuder the ~OlC QT by ma):log a dif('C{ payment to Borrower, Ifa refund reduces principal. the reduction will be treated as a
<br />par-tlal pf~p-;iJmCm WHhout an~ prepayment J,:-harge under the' N01e
<br />\3, LegislalioR AlfeeliRlt l.~nder'. RigblJi, If en.elmenl ~)f np"allOO of appllcabl" laws has the effect of
<br />rl.'udCf m~ atl) pro\ l)lon of lh1: Note Of lhl~ Sttl.lfHY In~ttunlerH uo(':nfofceablc according to its tl;rm'S-, Lender,-.at its option,
<br />rna,\ H:qU!re lmm~iate paymC'OI in full (.If aU \UH1!t. secured by lhu;, S<<:unty Ins.trumenl a.nd may mvoke any remedies
<br />pt'rrnHl:rd b:+- paragrltph 1~ If Lendcr excn.~ise\ lhl!t option. Lender ..hall fake the steps. speCified in the second par.agraph of
<br />'}4Lt~111ph ]"'7
<br />14. ~utke.. An) tlotit'(' to Borrowt.f proYlded for 10 tius Set,;urilY Instrument s.hallbc given by deli\>'erillg-it or b">,
<br />m-admg It b)- fir~t dass mOlt! uni~ apphcable law- requlro U~ of another method, The nOllee ..hall be_ directed to the
<br />Propcn} A,dJr6"\ or a.ny other addre'S;i Borrower d-n.lgn4tn b)' noth;c 1() Lender. Any nOliee to lender shall be given by
<br />fi"l d." ntali to Lender's ad<lres.s st.ted hrrem 01 any other ad<lress Lender designates by notice 10 Borrower. Any notice
<br />pn.:n. \ilea ft)T In thIS Secunty Ins-lrumcm shaH tit deemed to havoc been gi"'e-n to Borrower or Lender when given as provided
<br />HI thl'~ p::sragraph
<br />15, Go.emin.Il1.a..; Se.entbitity, ThiS Secunty Instrument ,.hall be governed bj' federal law and the law of Ihe
<br />Jun\.do..:-uQn in I.l.hiCh Ih-~ Propc:ny is located. In the ("cot that any provision or clause of this Security Instrument or (he
<br />~Qt( ,:;zlOfh4:h \l.ith applicable law, such confliCt shall not affect other prO'r'lslOns of this- Security Instrument or the Note
<br />\lo hi~h .:an be- ~p\-di effect ",'ithout the conthcllng pro\'I'ilOn. To [his end the provisions. of this Security InSlrume_nt and the
<br />~(tlt ..-re- dedared to be seyc.rable:,
<br />16~ Borrower's C.opy. Borrower ~haH be g!'icn one conformed copy of the Note and of this Se~ufity Instrumenc
<br />11. Transfer of the Pr~rty or !l ~n-eficial hue-res! in Borruwer. If aU or any pait of ,he Propeny Oi an)'
<br />iO.h::relo[ m it t~ wid or transferred (or If a bcndkiallntcrest in Borrower is sold or transferred and BorrOWer is not a natural
<br />r<r~}rn '4UhOUl Lender's prior WrlHCO cons<:_m. Lender may, at its. optIOn, require immediate payment H'l full of ail sums
<br />secured by <hIS s.-.:Unly 1 n>trument , However, Ilus optIOn shall nol br exerCised b:f Lender if exerCise IS prohibited by
<br />fNt:.1'al tav. a~ \,.).( 1M-date. of thtS $o;;unt)' Instrument.
<br />If Lendn ,e.xerClSd. thi~ optioo~ tender shaH gl\'C Borrower notice of ac,-c:leralion, The nOllce shall pto!ide a pcn\xJ
<br />of r1!.."l{ {('$.) ,kan .30&.}"~ from 1M dale the nQtiCe lS- de-hvered Of mailed Within whu:h Borrower must pay all ~ums secured b,
<br />l-hJ\ So,~i.lrI1} In\lfUmCnl. If Borrower fads to pay thcic sums pOi.')r to the ('\pinuion Oflhis peru,>d, Lender may In\'ole all)
<br />rem.oJ..." peHnitled b)' lh.1 Se.:unry In..trument Wilboul fun her nollCe or demand on Borr\)wer.
<br />18, Borrower', Ri3/lll<1 ItdnstaU:, l( Borrower meelS certain c"ndil,ons, Borrower _hall ha,< the nght to have
<br />l:nfiJr!(.<n:~fl~ vf thl~,SeciJti-..)" In~lru.met'tt discontinued a( any hme: priQr to th~ earlier ~f: (a.) 5 day,s (or such other period a~
<br />ap.plr~'"~1C-- lay. T11.I; ~pedf;_ f()f tem!'3tm~rol) ~fl:)r~ )ale of Ir~ Properly PUf3.UiSh-l 10- any power of \ale- comamcd In thl$
<br />S.~U"'l h"lrumenl. or (b) Clltr} ()( a judgme"lenforcmg this Se.:urity Instrument lhose mndltlOn, are thai Horrower,
<br />{at p--y~ Lff!ct-er aU &un;u '~r'in~b tnen \fl'ou_ld b(' due under thls-Secunty Insuum-enl and the Note had IH) a..:cdcralion
<br />:~"vr~c-J" {b.t "\;11"('\ cUiY:. ad.ull (If .n_~ .)other CQ"enanU or a&ret'mt:tH~; (c) -pa.ys aU cJ.pen~ iH';:'Uf~d IH enfotung lhb
<br />Si<<<anl!, :lnsuum~nL H1:dudu~J~ buJ nQt hmiled t.Q~ tr:~abie: 4:t1orne)'s' fte; and (d) ta~e~ ;\u~h iU:tlPfl as Lender fHa,'
<br />~Q~Jn",1)!) t~Gurtt Hl -I-\~u-r.e thaI. th4: hen uf thiS Scc.unlJ Insuument, .LcH,dt,-'i righh In thc. Pnlf<<:ny and BOH0\H:-/:;
<br />~ib4~iH,O;ti . ~~ ~M :UJ~:\, ~-uf('d !})c' I~I'80_ ~~_UdIY ,In:t.t.f\umnt ~han ~'ontHluc _~mj,."ha_ngc:d" Up.:)U reln:ualcHlclH b~
<br />~~'-'i;'\fo_~C ~_~l}'_~, ~,\1.(-H} In\ttumcn~, iJ'id_ thC,_obh~t~Al~ ~\H~d hereh)'- $naU {'('ntliW (ull,- dft"Ch't:e as if (Kt i.l(:..:dcr;Hi~m had
<br />';X~!"-,;Hd th"wnN~ thiJHl-tU lQ t.l:nnl-a.l(' $.haU nQt appl)' u~ ,bee'.\<' -ota.(~d-c1'tHJn Ufhier p-.ata"-f~Jlh.i !] {n 11
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