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<br />004354
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<br />If Lender required mOltgage' insurance as. a condition of making th~ 10000FUre<lb~t!ri~s,tiijii
<br />Bortower shall pay the premium, required to maintain the insurance inejfectuutilsucllt~!"~'t~p
<br />insurance terminates in accordance with Borrower's and Lender's writtenagr~entorapplifllbITla'Y
<br />8, Inspection, Lender or its agent may make reasonable entries upon1'lldJnsl'%<ti6ns .
<br />shall give Borrowernoliee at the time of or prior to an inspection specifyingreasona.ble.c;1~J,
<br />9. Condemnation, The proceeds orany award or ciaimrordamages.directoTc;o ,
<br />any condemnation or other taking of any part of the Property, orforconve~anl;einli.,uo.t
<br />assigned a.nd shall be paid to Lender,
<br />In the event of a total taking of the Property, the proceeds shall be applied to th,(s
<br />Instrument, whether or not then due, with any excess paidtoBQrrower;Ifltheev~ntoflip~
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Ins! .
<br />the amount of the proceeds multiplied by the following fraction: {a) thetotalamoun~onhesuIllS
<br />before the taking, divided by (b) the fair market value ofthePropertyimmediatelybeforethetakin~.
<br />paid to Borrower, . .'. ..... ..:y":
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower thatthe:condeJ)1nQ'
<br />make an award or senle a claim for damages, Borrower fails to respond to Lender within. 30 daysafu:rt -, '..
<br />given, Lender is authorized to collect and apply the proceeds, at its oplion. either torestoratjon orl'eJ>air
<br />to the sums secured bv this Security Inslrument, whether or not then due,
<br />Unless Lende; and Borrower othen,ise agree in writing, any applicationcfproceects toprinlli~~hl1lt~Bt
<br />poslpone the due date of the monthly payments referred to in paragraphs 1 and 2 orehanlletheamonn!QfsuC!t.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver; Extension of the' time",
<br />modification of amortization of the sums secured by this Security InstH', . 'nt granted by' Lenderoloany'~iu:~,~':
<br />interest of Borrower shall not operate to release the liability of Ibe ori!"~al r Tower.or Borrower'ssucc~orsin:im~~i.;\
<br />Lender shall not be requi~ed to commence pro~eedings Z\.gainst any ,_ ;c~\)r in interest-or,:refus~ t~- ~~_t~n~:~J~~~::fo~c-
<br />payment or otherwise modIfy amortization of the sums secured by this Security Instrument by reasonof.any ~emandtl'lalfe-'
<br />by Ihe original Borrower or Borrower's successors in interest. Any forbearance by .Lender in.exercising anyright.or 1'eIn,ecIY.-
<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 andagn:emeritscif'
<br />this Security Instrument shall bind aud benefit the successors and assigns of Lender and Borrower, subject to iheprovisions
<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 Inslrument only to mortgage, grant and-convey
<br />that Borrower's interest III tbe Property under the terms of this Security Instrument; (b) is nol personally obligaie~topay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any olher Borrower may agree to extend,
<br />modify, forbear or make any a~comrnodations with regard to th-t:" terms of this Security Instrument or the Note :witb(;lllt
<br />that Borrower's consent.
<br />12, Loan Charges, If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges. and that law is finally interpreled so that Ihe interest or other loan charges collecled or to be collected in
<br />connection with the loon ."-,,cd the permitted limits, then: (a) any snch loan charge shall be Tt'ClUCed by the amount
<br />necessary to reduce the charge to the permined limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits WIll be refunded to B<.>rrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making: a direct paymot'iit to Borrower, If a rdtiiid n:;cli.ice:.,. piincipaI, the rcductioi1 wiH be: ifeatttfilS a
<br />partial prepayment wltholH aay prepayment charge under the Note,
<br />13, Legislation Affecling Lender's Rights, If enactment or expiration of applicable laws hs.< the effecl of
<br />rendering any provision of the Note or this Security InslTument unenforceable according to its terms, Lender, at its option.
<br />may require immediak raymt>.nt in full of aU ~um~ secur.;d hy thi~ SC'CUrtt)' Instrument and may i.t1voke any remedies
<br />permiued by paragniph lQ. If Lend~T ~XCrl,.'tses lhlS opllon, Lender shaii take the steps spec-ificd in ((IC st.."Cond paragraph of
<br />paragraph 17,
<br />14~ ~otices. Any notice to Borrower pnn.ided for in this Security Instrument shall he given by delivering it orb)'
<br />mailing It by tirst das.s, mall unless ~lpplicabIe law rcqU1r~ use of another method, The notice shan ~ directed to lhe
<br />Property Addrt'Ss <)f any other address Borrower dC'Slgnate5 by notice In Lender. Any nOlice to Lender ,hall be given by
<br />first class, mall to Lenuer's ttddrc~s. stated ht:rcln or any other audrt'S-.s Lend~r designates by notice to Borrower. Any notil':e
<br />provided for in thiS Security Instrument shall be deemed to have tx.---en given to Borrower or Lender when given al\ provided
<br />in thi~ paragraph,
<br />IS, Gmerning La..; Severabilit)" ThIS Securny Inslrument shall be go\erued by federal law and the law of Ihe
<br />juris.dlctioll ill which the Propcrt}' i~ kx:ated. In the event that all)' provisiun or c1au~ of this Security Instrument or the
<br />Note confh\:"ts with applicable law, such (;i.mflkt shaH not atlt.."'Cl other prO\l~lOnS of this Secunty (nstrument l)f the Note
<br />which can be given effect without the conflicting pro\'ision. To this end the pn.J\'ision~ of this Security InMrumcnt and the-
<br />NOlI:.'" arc declan.-d [0 be- s.~\"crable.
<br />16. Borrol\'er's Copy. Borrower ~hall be given one conformed copy of th~ ]\;O{C and of this Security Instrument-
<br />17. Transfer of the Property or a Beneficial Interest in Borrow'er. If alll\f an) pan of ttw Property or any
<br />interest In it is. sold or tran~ferred lor ira benefiCial intC:fcSllTl Borrower i;\ sold or lran..,.ft.'rred and Borrower b not a natural
<br />person) \\'lthoul LendeT'~ prior \\;'nllen (,:unsellt. Lender may. at ih OpllUIl, IC'1U1rt.' immediate paymeru in fuB of '-ill sum~
<br />,ecurcd by this $e('urity ln~trumcnt. HO\\iC\'cL thiS option shaH nut be ~,'(,Il,..iscd bj Lender If cxcn.:ise b prohiblkd b~
<br />fedcf31law as oCthe date nfthls Sec-urit\ lustrument.
<br />If Lender exercist."S this. optlon. Lender shall give Bornn\'er nollcc of .H:i.:-deraIWt1. The fh)(l('e s.hall pro\'id~ a pLTiud
<br />"fnot I~ Ihan 30 day~ from the dale the fhlti..'e is. delivered Of mailed wtlh1l1 \\:hJCh BOrI"ll\\Cf rnw.t pay all ~um,:- ~I.",,~urcd by
<br />thb Stx:urity InstfumcpL If Borrower fails lu pay these sums prior to the cxpir;'ltion ~)r this pe.riod, Lel\der may inhlke all)
<br />f\:medies perminoo b)' thi~ Seeunt) In~lrument without further notle(' or d~rnand on lkltfl)\\cr.
<br />18_ Borrower's Right to Reinstate. If Borr{)w~r mech teftmn ..::onJI{jnn~. HOnO\h'l ~baJj !la\\..' the nglli h) ita\,(,'
<br />cnforcc-m~nl of ttli~ St.-curit) Instrumcm diSL:ontmued at any time prior to the carht.'f qf. (a) ~ lby:-. (nr .,uch ,1\ lit::, p~ri\Kt ib
<br />applk-abk law met} ~pedry for reinstatement) before sale of the Prop~rly rur~Wtnl tl\ an~ l'I1,IWd' \If "ak .;unt,tHl\.'J 111 IhJ:-
<br />SccurJt)' In~tr-um-cIU,~ Of (b} entry of a judgment enfofcmg thi~ Sa:urit} fn.....!lllment Thl)S-C i,:ondnluib an: th.\! Bllrrm\a
<br />(3) pa)'~ Lender all sum~ which then Vrtould be LtUt under tlu!'. ScX:unty In~lnHHent and thl~ SUI~: had lit' ,1..-..:dl'ralh}u
<br />l.)C(urred; (n.} \.'ure any default of u.ny oth('[ \:o\'cnanb or agrt.~emenb> {() pay~ ;ill -e.\pt:Il'\""~ Ililo.'urrco HI enfi.\fl,:!Hg !!\I:--
<br />Se\':ulHy hhlrumcnt. mduding. but not hUUh...-clI!.l, rca~onablc attorney:-' rfe:-., and (d) lak('.. 'Il-(h adioIi ;.,j', [Cfh.h"l m~l}
<br />rea.wnabl)' reqUire ll} a~!rrt.urt: that the li<:{l of this' X"\~urity IW~\.lfumcHl. Lender'.. l'1t;tn.... In tht~ Piop~rt\ and H\.}fW">:r':-..
<br />obhgatu:m to pay the 5-UlllS ~l.,:ur(J hy thl~ Se~~urtty hv\trumcnl ~~hall (OIHinUf ll!\dl~mtl.t-J, t' pen r\"H\~I~H('nll..'nt b,
<br />ll()H'o,^'~r. ~hb $c.cufit), In":Mlunent ~md the t)bhgat1Hn~ "!.<<;,wed herehy ,hall H'.mam full) (.~tfC-.,:Il\(".J~ tf lhl <.\(,;I,,+.'ratlt.H1 h:"h.1
<br />r\C-turft:fL fhl\\ n-tr, lhl\- nght to relnstate s.hall ntH ;Jppl)' in the ;.:a~(" of "h..~-\.:clt.~mHun ulH.kl pLH ~l~r;ipll\ 1 '\ '.'( I"
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