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r ,.A 84~.-! 005975 r If Lender required mortgp ge insurance as.jl conditioll of making the loan secured by this Security Instrument, Borrower shall pay the premiums required to maintain the insurance in effect until such time a5the requirement for the insurance termtnates in accordance with Borrower's and Lt;'ndtf~S written agre-cment or applicabk !aw. 8. Inspection, Lender or its agenl may make reasonable entries upon and inspections of the Property, Lender shall give Borrower noticeat.the time of or prior to an inspection specifying reasonable cause for the inspeclion. 9, Condemnation, The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assIgned and shall be paid to Lender, In the event of a rotal taking of the Property, the proceeds shail be applied to the sums -aecured.hy,'this Security Jn~~r~mt;m, wh~thc;" 0:- not then due, wj!h any e~cess paid !O &.1frOWer: In the event of a _narlial takin2 oLthe"Prooerty~ unless Bormwer and Lender otherwise agree in writing, the sums secured by this Security I'nstrumenl shan be redu~ceiiby the amount of the proceeds multiphed by the following fraction: (a) Ihe total amount of the sums secured immediately. before the takmg. divided by (bj the fair market value oflhe Property immedinlely before the taking:Anybnlanceshall be paId to Borrower. If Ihc Propeny is abandooed by Borrower, or if, after /loliee by Lender to Borrower that Ihe.condemnor offers 10 make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days afler the date the notice is gh'e"n, L:nde..;$ authorized to coHee! and apply the proceeds~ at its option, either to restoration or repajrof-the p'roperty or to the sums secured by this Security Instrumenl, whether or nOllhen "Hi' Unless Lender and Borrower othawise agree;n writing, "''' '" ');;'"IIOn of PHlCpeds to principal shall nOI euendor poslprme the due date of the monthly paymen~j ieferred to ir~ n~, _ <lg'~l,h;; ! "..i-d 2 or change-the amounr-ofsuch paj;ments-. 10. Borrower Not Released; Forbearo:ue-e By Len-Ocr i~ot a \Vah'er. Extensio:i -of the time- for ~:!y.men!- -Dr modification of amo!1lzatIon of !he sums secured by !his Security !nS!fUment granted by Lender.to- any ~H.i~or -in mteresl of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend lime for payment or Olherwise modtfy amortization oflhe sums secured by this Se-"urilY Inslrument by reason of any demand made by I he original Borrower or Borrower's successors in interes!. Any forbearance by Lender inc;xercisingany right or remedy ,hali nO! be" waiver of or preclude Iheexereise of any right or remedy. 11. Suceessors and Assigns Bound; Joint and Several Liability; Co.signers, The covenanls and agreemenlsof th,s Secumy Instrument shall bind and benetit the successors and assigns of lender and Borrower, subjeclto the provisions of paragraph 17. Borrower's covenants and agreemenls shall be)omt and severaL Any Borrower who co-slgnsthlsSecunly Instrumenl but does not execute the NOle: (a) tS co-signing this Security Instrument only to mortgage, grant and convey Ihat Borrower's interest in the Property under the lerms of this Sccurily Instrument; (b) is not personally obligaledto pay the sums ",cured by th" Security Instrument; and (c) agrees that l.ender and any other Borrower may agree to eMend, modify, f,)rbear or make any accommotlallons wilh regard to Ihe lerms of this Security Instrumenl or the Note withOl.ll that Borrower's consent. 12, Loan <-'harges, If the loan securex! by tIllS Secunty Instrument is subject to a law which sets maximum loan charges, and Ihat law is finally mterpreted so thai the inlerest or other loan charges eollected or 10 be collecledin connc"",ion With the loan e,\ceed the penmtled hmits, then: (a) any ,uch loan chaq;e shall be reduced by Ihe amount neces,ary to reduce the charge 10 Ihe permitted limil; and (bj any sums already collected from Borrower which exceeded permuted limns WI!! be refunded to Borwwer. Lender may choose to make this refund by reducing Ihe principal owed under the Note or by making a direct paymem I() Borrower. If a refund reduec. prinCIpal. the reduclion Will be Ireated as a partial prepayment without any prepayment charge under the Note. 13, Legislation Affecting Lender's RiRhlS, If enaclment or eXpm\liOll of ilpplicable laws has the efiect of rendcnng any proViSion oflhe Note l)r thIS S"~UrHY InSlrumenl unenforceilble according to ils lernlS, Lender, at itsoptlon, may reqUire immediate payment In full of all ,ums secured by this Security InslrUment and may invoke any remedies perrmllcd by paragr.ph 1paragraph !7, 14. 'otic.cs. Any nOIlce to Borrower provided for U1 this Security Instrume:nlll.hall be given by delivering it or by mailing II by tirsl class mail unie", applicable law requires use of another method, The notice shall be directed 10 the Property Address or any olher address Borrower designates by no lice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein Of ilny other address Lender designates by notice 10 Borrower, Any notice pronded for III this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided In thIS paragraph, 15, Governing Law; Severability', Thls Serumy Instrument shall be governed by federal law and the law of the jvrhdi("tiofl in whi'Ch the PrGr~rty i~ loc1ited. in the event that any provis.ion or chw~ of this Security fn~lrument or the NOle ,,,nlllets With applieable law, su\:h confticl ,hall not alleet other provisions of Ihis Security Instrument or the Note 'Ah1-ch ..::aH be given effect without the conilicting pr\-p..i.\ion. To this cnd the provisions of this Securily instrumeHI :.111\.1 the ;-'ote are dc-dared to ~ se"'ef~b!e, 16~ llorrower1s Copy, Borrower shaH be given one \2onformed copy of the Note and of this Security Instrument. 17, Tra.-tsf:e:r of the Property ur a Benefa.:ial !nt~:cst in Borro\\'er. H :d! or any pan or the Prorretty or ~my inu:re$! m It is sold or tran:J'erred (Of tf u bendi-':lill j;He:e5! in Borrower is sold Dr tnmsferrC'd and Borrower is' not a natural per'SQu) v.ithoul Lender'.s prior WrlH.cn conselH. Lender may. a.( H~ upt-ion. reqUire lmmr:diale payment in fuIi of all sums '~cured by ,hts Set;unty InslrumenL However, this option shall nOI be e.erc.ised by Lender if e.ercise IS prohibited by federal law asofthe dale ofthl" $ecunty In>li'Ument. If Lender .e'-~rcise~ this Optl(}Jl. Lender s.haH gt'\'e Dorrt,lwcr n()li(:~ of accdt.~ra~i()n_ The !H.ticc shall pnw~l.k ~ fU'ritld of no I I"" than 3Qday, from Ihe date the nOI)(." delIvered or malied within whICh Borro".r must pay all sums ,.cured by dH~ S<<-urtty In"trument. If &rr-owcr fails to pay thL~e :;um-s prior In the c_xpiration of this- !,clit.ld. Lender may invoke ~-Hi) rem<;dl,", permitted by IhlS Secunty Instrumem without further nOlice (Ir demand on llorrower 1-8.. Bor-n,n~e-.r's Ri~t to RC'in$tatt:~ lr Ho-rnJwe.-f i;:H;-d;:; .:rnaia ;;:..\n<.htiGns. Bvffow-er shaH hsvc ;h\; rigl'll. h) ha't'e ~nforct'rn~nl of \h-ts Seturity In_~trum_ent disctJtlt-inued at any time poor to the earlier of (a, 5 days (Of :-'\H,,'h olher perH)d u!'. .applic-Jbh.t lJVt.: nl;t)' s~'lf} .for teW\lukmtnO hefore s.ale of the ProperlY pur-suam In any p~m..t;r of :\<-lk \:()n~~ilWd Hl tlH~ ~~'utHllfi':,.tfun'j~nt; Of {b} i'iHf) ofa jUdg.HH.'-n! l::Hf!"H..:ing tin:' Security IuS,lr'uiBtoL Tho~,. ulHdillon:-o afc d1Jt Born,1\\('r (&) pa.J'~ l.ender aU :\urns wtur..:h th(!fi would he due ufH.h:r thi'J Secunty Instrurnent and Ihc NOll: had nO ih,'-l,:clcralwn >j(:-("l:.u-red;, (0.) t:urt'~ auy default uf a.ny ,)the: ~'t)_\'eIHHH5 uf agrecmenh, {..:,} pays aU C.lpt.:HSe--S incurfeJ 10 enfor~~iHg [lll~ Se:;;U.J'H}- l.n~tf-umcnt. mdudingl but nul !Tnt,lied hJ. ft:~wftabie ~i1h)nle)"~' fet'S~ .md (d) takc~ .s.u~h .h.'twn ilS Lendi;T :-nay ft._\~,;r{,,~biy r~''4-u*.tlt !o a:S:-'Ut~ 1,h.t.tl the hen uf ~ht"j Se\';,unty (nMrU-mt;nl. Lender's nght-. lH the Prof).:rty <:wd lh\rr,_i,,,,;r',, QbM:t~~i~}f} t.li:} pi.t) ~ht \u.rnti, \>et:ute-tl by Lfn~ ,Sec~nt)' _'n"11-nnnem ~hElH c-{_H~tlnUe unch;H~gcd_ UPi,Hi ft'IHs,talcrn;:ilt b!, fbr~;.-'4T_C ~nH Se"'-:U%H) ln~HiU-JJu;ut iifh1 the ~',hhptHJn:-:'1'A:-c,,:r-c;:.~ ~hL1H rt:.inaU1 fuHy f't!t:'Ctl\"t a~ It"thl aU.;I:kf~iIh)f\ h~td (~'~nl>'td. Hc\;\;;;::'Io't'i'. tha. r~sh.t to H"ihfritll-{t: f.hall n()-t apply- in {h~ i;.'.\'\<: Un.dt"f p;l(agf~ph'i> i). or 1 ":I ..