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84- 003473 r If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument, Borrower shall pay the premiums required-to maintain the ,insurance. in dfect until such:-tiitie as:the' reqiiireme-riffor the insurance terminates in accordance with Borrower's and Lender's written agreement or applicable la\V, 8. Inspeetion. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonablecausefonheinspection. 9, Condemnation, fhe proceeds of any award or claim for damages, direcrorconsequential,inconnection.witp any condemnation or other taking of any part of the Property, or for conveyanceinlieu of condemnlllion, areherebYc assigned and shall be paid to Lender. In the event of a total taking of the Property, the proceeds shall be applied to the sumssecuredl1Y thiscSec~?ty Instrument, whether or not then due, with any excess paid to Borrow~r, In the.event ofapartiartaking"oft.ert)'t unless Borrower and Lender otherwise agree in writing, the sums secured by-this Securi~y., Instrume?t:,spaJ;l! __', , ~t:t:~.r}<-:- the amount of the proceeds multiplied by the following fraction: (a) the total amount of the s.ullls"secur~dj ....'ely., before the taking, divided by (b) the.fair market value of the Property immedialely before the taking;A:ntbalance;shaIl'bc':i'; paid to Borrower . ., . ....i.;.'.. ... If the Property lS abandoned by Borrower, or if, after notice by Lender to Borrower thatlh~~<!nd~IJ'ln9toll'e~sf(}. make an award or settle a claim for damages, Borrower fails to respond to Lender withinJO daysafteqhe'd'llteJJj~)loriceis given, Lender is authorized to collect and apply the proceeds, at its option, either to restorationor:replliro(thd' to the sums secured by this Security Instrument, whether or not then due, . Unless Lender and Borrower otherwise agree in writing, any application of proceedstopriridpals postpone the due date of the monthly payments referred to in paragraphs land 2 orchange,theallloun 10. Borrower ;\lot Released; Forbearance By Lender ;\lot a Waiver, . Extension of "the modification of amortization of the sums secured by this Security Instrument granted by. Lende interest of Borrower shall not operate to release the liability of the original Borrower or B!:Jrrower Lender shall not be required w commence proceedings tinst. any successor in. int~rest_- or-e,re payment or otherwise modify amortization of the !.ums SC::' ed b~ this Security instfi.Irrien~:b~--reas;N~~or:a by the original Borrower or Borrower's successors in inten:~h Any forbearance by Lender in eX,erdsittg-,a~y shall not be a waiver of or precIude the exercise of any right or remed y, . . '.' .' .... ....:.,q.,.." II. Successors and Assign, Bound; Joint and Several Liability; Co-signers. The coven"ni8",nd~ this Security Instrument shall bind and benefitthesuccessors and assigns of Lenderand Borrower,subje"tt9(~ of paragraph 17. Borrower's covenants and agreements shall be joint. and severaL Any Bo~rower w.ho co,Sigr,St Instrument but-does not execute the Nore: (a) is co-signing this Security, Instrument .only t..o l!1~rtg,~g~,:::g . that Borrower's interest in the Property under the terms of this Security Instrument; (blis ~otPersonally the sums secured by this Security Instrument; and!c) agrees that Lender andanyotherBorrowerm"yagr... modify, forbear or make any accommodations with regard to the terms of this Security.lnstrument,or.th~'l'!<?!ej' that Borrower's consent. _' ___, -.:: _ _- -:,' _"~--:"-,,,:,,;':';":~:'-__-;/ 12. Loan Charges, If the loan secured by this Security Instrument is subject Wa la\V,",liich5ets:rnll-}i~~ charges, and I hat law is fiually interpreted so that the interest orother loan charges collected,grlo 'be . connection with the loan exceed the permllted limits. then: (a) any such loancharge shaH be redu~eq:.qy; necessary 10 reduce the charge to the permitted limit; and-(b) any sums already'collecleoJrom Borrowef--.~Qi permitted limits will be refunded t.o Borrower. Lender may choose to make thisrefun~.Lby_-redi1cin:g,t_~e:--B-' under the Note or by making a direcJ payment to Borrower. If a, refund reduces-principal, .the r~duct,ionwm}?_~;___ '_'_~ ,': ,_ _'_',--<_ __;: partial prepaymenr without any prepaymenr charge under the Note: _, '_-__ _ _" _ ,_" ,:-'-> __;:-:"-:_:--:'{::",;>_:-:,,-:_~; 13. Legislation Affecting Lender'S Rights. If enactment or expiration of appHcable laws has Ihe ell'';S!9f.'' rendering any provision of the Note or this Security Instrument unenforcea_ble,accordlng f(),its,_i~r~5; ,Le~~_er,.:-:~Uts-o,p~j-q~~ may require immediate payment in full of all sums secured by this Security- ~nstru_menL--.and ma.y-j~-\,Q~~"~n~"-,,rerl;~i~::_>'-~ permitted by paragraph 19, If Lender exercises this option, Lender shall take the steps specifie~jnthesecondp~ra!lra!lh:qj".. . paragraph 17, . . ..' .. .' ....... .......,'". 14. Notices~ Any notice to Borrower provided for,in this Securi~y Inst_~ument-sh~l! ~e gi~'elLby._deUy~riI1~.it,;;qfiP~; - mailing it by first class mail unless applicable law requires use of anothermeth"d, Thenoticeshalhbedire":t~dJq:!he Property Address or any other address Borrower designates by notice to Lender. Any notice to Letldersj1.,Hb~'giY~O,:bY., first clas.~ mail to Lender's addre.,sstated herein or any other address Lender designates bynolicetoBorrow~r.:AnYllo\ic~ provided f~)r in thi" S!?cnrity t-r,.;:!nl!:!ePl <;n:~!l h(. (lpf-'fTwd to h~vt" ~~t"P p-}ve-n to Rorro\\le'r Of-} end~r,wh_e-n_ glv_e,rl, a~ rrnvidect_ in this paragraph. IS, Governing Law; Severability, This Security Instrument shall be governed by federallaw aqd Ihelaw;oCthe jurisdiction in which the, Property is located. In the event that any p~ovision or' clause of this Secuoty'-lristr;~n~el1ror the Note conflicts with applicable law, such confti<"l shall not affect other provisions of this Security Instrument or. the .Not~ which can be given effect withoul the conflicting provision, To this end, the_provisions of this Security-ln'sthimeht-and_the- Note. are declared to b(~ severable. ' 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note andofthis,Security lnstrume~t. 17, Transfer of the Property or a Beneficial Interest in Borrower, If all or any parI of the Property or any intert:st in it- is sold or transferred (or if a bendicial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written cOIl:-;ent. Lt.~nder may, at its option, require imnicdiate paymenl in full ()f'all 'Sums secured by this Security Instrument. However, this option shaH not be exercised by Lender if exercise is pr6hibitcd by federal law as of the date flflhis Securilv lnstrumenL If Lender exercise~ this option, i.ender -;hall gi.ve Borrower nOtice of accdcration, The nolle..: shall provide a period of not lc~~ thau 30 days from Ih~ dale the notice is delivered or mailed within which Borrower rnll~t pay aJJ _"lUllS :sc(:urcd by this Security In~trllmenl, If Borrower fails to paytht~c sums prior 10 lh~ C'Kpiralion of lhi~ period. Lender may in\'oke any remooit.>:s penniflcd by this Security Instrument without fu'nhcr notice or demand on,Borrowe.r. 18. 'Borrower's Right to ReinstatE;. If florro\\,'cr meets cc.rtain conditions., Borrower l)hall have- the right tu have enforcc;mcnl of this Sct:urity Instrunlcn'l discontinued at any time prior lO the carlier of: fa) 5 days lor sll\:h olher period as applicable Inw may specify for reinstatement) hd~)rc sal,e of the Property pursuant to any power of ~ale uJf1winl'd li1 lhb Se:cuhty Instrument; or (b) entry of a judgment c-nf'{)fl:irig ihi_..._ Security IIlStrumcnt. Those (\.)Jldilio!i::\ an.' th"l Born)\vcr: (a) _pays Lender all SUfn50 y;hich then wuuld be duc under UllS Security lnstrumcni and the -t\ote IlJd no ac..:denuloJ\ occ~~r~.cu; (b) cun.:s_ an~. d(.'f~ult of any other covcnalH~ ()f ugrecmclw;: Ie} pays ;111 "","P(fht;S incurred III l..;nfol'clIlg thi:'> Se\:Ul1lY. Jnslfumcnt, Hlcludwg. but not IUllltcd 10, rca~o(\able a[t(jrncy" fee':>; and (d,llakt;... '\ouch ~ICrl;)ll <t:- IXlldel' may reasunably requin.' tf; itSosurc that the !It.'1t of thi.... Set.'urHy ln~t-fUnH:m. Lendt:-r\ nghl'i. m the Proper!) ilnd Horwwt::r\ obJig~Hi~}n IO,P;!.)' the S.UI1~"'_ -,,-(~,-:ur\:'d by I hi,::' , Security In~tnlHh:nt <;.h~dl ("()n{InU~: ,U;lI.:h.I,I1t:~~L t:P(:!l re;n':l[,~\,un\.:n! h) Borrowt'f, !tw. &>~:\lnt\:-JnHrumenl and tht' o-hlli.!_atl')tt"_:\-Ci.:ur..:d heT'i.,'_b... ~hi:t1J n:nlilln 11ll1\- dl<'\.Ti\J.:' ;\<; 111\(\ ;lu",-,:kn\!hHI h:Hi cx:cunuJ. H;l\1,-cvcr, lh'l~ righll1.1 n;jnqiH~ "0'-111 l~,it appl,;; ill th~("f!->eo{a\.:u_'kLi!:on tJJj(j('~ p;u'-il!:-:L-tph, I ; Of i ~ ,:': .'---,,' -,,--~, -':< '>",-:'-:::>:.> ';;-::h\'r:~.:,\,-,~,:'; ~'.;r;~;_~;;,:~: ~.--,: ;,::'- ''.'',--.' >;C-_,-',''-::'':''~'> .........,1 ''''''''', .,1 .......,..,;,;! . ;:-~',~ ,-,,'Ii ~- L