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<br />84,-004480
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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 Borrower's and Lender'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 notice al the time of or prior to an inspection specifying reasonable cause for the inspection;
<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"l.lere~y-
<br />assigned and shall be paid 10 Lender.
<br />In 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 oIa partial taking. of the .Property,
<br />unless Borrower and Lender otherwise agree in wriling, the sums 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) the fair markel 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 thatthei condemnor offers to
<br />make an award or sellle 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 ils 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 nol extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Imtrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of Ihe original '~rrower or Borrower's successors in interest,
<br />Lender shall not be required to commence proceedings against .~v sue . ,or in interest or refuse to extend time for
<br />payment or otherwise modify amortization of;be sums ,"cured by.., . 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. Successors and Assigns Bound; Joint and Seoeral Liability; Co-signers, The covenants and agreements of
<br />this Security Instrument shall 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 mor-gage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrumenl: (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 Security Instrument or the Note without
<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 interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the permilled limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permilled limit: and (b) any sums already collected from Borrower which exceeded
<br />permilled limits will be refunded io Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under Ihe Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment witJi.Ollt any prepayment charge under the Note.
<br />13, Legislation Affecting Lender's Rights, If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Lender. at its option.
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19, If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph J7.
<br />14, !'lotices, Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method, The notice shall be directed to the
<br />Propeny Address or any other addtess Borrower designates by notice 10 Lender, Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph,
<br />15, Governing Law; Severability, This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located, In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this SecurilY 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 />16. Borrower's Cop;)'. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17, Transfer of the Property or a Beneficial Interest in Borrower, If all or allY part of the Property or any
<br />interes.t in it is sold or transferred (or if a beneficial interest in Borrower is sold or trans.ferred and Borrower is not a natural
<br />person) without Lender's prior wntten consent. Lender may, at its option. require immediate payment in full of all sums
<br />secured by this Security Instrument. Howevcr. thiS option shall not be exercised by Lender if ex.ercise is prohibited by
<br />federalla\\' as of the date of this Seeuril\' Instrument.
<br />If Lender exercises this option. Lender shaH give Borrower notice of acceleration. The notice shall prOVIde a period
<br />of not less than 30 days from the date the notice is deli\'ered or mailed WIthin which Borrower must pay all sums secured by
<br />thi51 Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may inh)ke any
<br />remedies permiued by this Security Instrument without further nonce or demand on Borrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain condition!-l. Borrower shall have the right (0 have
<br />enforcement ofthu. Security Instrument discontinued at any time prior to the carlier of: (a).5 days (or ~Udl other period as
<br />applicable law may specify for reins..tatemenl) bt:forc sale of the: Property pursuant to an~ power l)f ~alc \,.'ontained in thi~
<br />Seeunty Ins.trument or (b) entr~ of a judgm.ent enforcing this Sct.:unty Instrument, Those (:L1lldttIOIl!- aI'\." that Uorrowcr
<br />(a) pa):'!lo Lender all sums whIch then would be due under thi~ Secunty Instrument allJ the Note had no .ll'c:dcrutlon
<br />occurred; (b) cure~ any default of an) other co\.enants t1f agreements.; (I..') pa~~ all e:\.pen~c~ Illcuned III Crdtlrnng ttll~
<br />Security Ins.\fumem, lnduding, but not iltmted to. rca~onable attl"lOlcy:-" rce~; and {d) la.ke,':,. :.lH.:h a,,'thHl <1:-' Lende-f nw)
<br />reasonably reqUIre tn a~surc that the lien .A 1hlS, Seeunly Instrument, Lender's flghl~ III tin' Prnpt'ny and Bnrro\\er\
<br />obhption to pay the ,urns ~(i.:ured b~. tlw'l Sttunty 1l1''!trument :-.hail (OnIHlUe ulh.'hallg.t..'...j l'r1fln rt.jn;.t~\tl.~nlcHt b)
<br />Borro\'..:er, thl\ S(:~Uii[y In";,I.fUmcnt ~nd lh, obligatioa:-. '..,,~i,,'urcd hc-reb;. \ha.l! :::l!1<11n lully t'!1t.'''.'!I\-( ,po 11' lh1 i1\..'-\:dcr;1tHlIl h.ID
<br />\X'(UHcJ l-ht\\.t\<.;:!. ttw., nglu to n:Hhtate "hall nut <lppl~ III !h~ ;'0,1'><: (If ;k(!.,.'kt.llklJ: l.J1H,kr i".lr.l.gl';ll'h~ \ ; ,Ij 1....
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