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<br /> .., IP I..ender requircd mortgage insurance aa a condition oP making the Iwm secured by this 3ecurity Instrument,
<br /> ' Horrower shell pey the prcmiuma required to meintnin the inaurance in efFect until euch time ea the roquiremenl for the
<br /> - in�urance tertninotea in accordanca�vith Borrower'x and Lender's written a�rwmcnt or upplicable law. -- -
<br /> 8, lwpectlon. I.ender or its agent may m�{ce reasonwble entries upon and inspections oP the Praperty. I.ender
<br /> "'_ �hall Rive Hortower notice et the time of or prior to an inapection specifying reasonable cAUSe for the inspection.
<br /> "-'�^ , 9. Condernn�doa, The procads oP any award or claim for damages,dircct or consequential,in wnnection with
<br /> ���..'�.,�, "-• " �ny condemnation or other taking of Any part of the Property,or for conveyance in lieu oP condemnotion,are hereby
<br /> ���,. ._ .
<br /> - _��e� Ar�, ,, �iQned And shall be paid to Lender.
<br /> ��% .�r.:�• In the event of a total taking oP the Property,the proceeds shall be applied to the sums secured by this Sesudty _
<br /> � �: �,,, Instrument,whdher ar not then due,with any excess paid to Borrower.In the event of a partial taking of the Property,
<br /> "�'�-•��=�•r-_____ unless Borrower and I.ender otherwise agrce in writing,the sums secured by this Security Instrument shall be reduced by
<br /> � `���' �► -- the amount oP the proc�eds multiplied by the PoUowing fraction:(a)the total amount of the aums secu�od immodistely
<br /> „�,.:... .. -.
<br /> � ����;:-.,,r:�r�, before the taking,divided by(b)thc foir muket velue of thc Property immodiately before the tAkinQ.Any balence sh
<br /> - :__:;,� :,;;,�r>:�,:+:;��, ,�:��_.;, paidtoHorrower.
<br /> <.;.a��• � %1;:f"',,:��;�. � •;: If the Property is abandonaf by Borrower.or if,after notice by I.rnder to Hacrower that the condemnor oflers to
<br /> ' �_r��;�*, _ make an uwprd or settle a cleim for damages,Borrower fAils to respond to Lender within 30 deys aRer the date the notice ir
<br /> 2r �'°,.-: _' k '
<br /> ' " ��� given,Lender is�uthodzed to coilect and apply the proceeda,at its option.either to restorallon o�repair of the Property or --
<br /> • :as��,,�.•:�... • to the tums secured by thia Socurity Inatrument,whctheror not then due. _
<br /> f. �.,,, . .. —
<br /> , Unlas Lender and Horrower otherwise ogrce in writing,any application of proceeds to principai shall not extend or
<br /> � • ¢ . ,,,.�,�,,�Q�.. �� postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />° • • - 10. Horrower Nat Relea�ed;For6earance By Lender Not p Wdver. Extension of the time for payment or �`"
<br /> " � e . ' modi8cation of amortization of the sums secured by this Security Inatrumcnt granted by Lender to any successor in �==-
<br /> ,,;'�•.;...,.� c':,: -
<br /> _..,� `; interest of Borcower chall not operate to release the liability of the original Borrower or 13orrower's successors in interest. �
<br /> � �, . ��?� I.ender ahell not be required to commence proceedinga against any successor in interest or refuse ta extend time for -�-_
<br /> . ' ' payment or otherwise modiPy amortization of the sums secured by this Security Instrument by rcason of any demand medc �
<br /> � .. .. �•• ;� ,: by the original Borrower or Horrowcr'a successors in interest.Any forbearance by l.ender in eacrcioing eny right or remedy =
<br />° R, o ° �, ,�, �h�ll not be a waiverof or preclude the exercise of any right or remedy. __-
<br /> K .„ � � ..�ry ,. 11. Succe�eon rnd Asetann Bound;Joint and Several Ltability;Ca�iQaerc. The covenants and agreementa uf __
<br /> � - r , ° this Security Instrumen�.ha11 biuJ s�►d be�Si ihe succ�swrs and assfgr�s of Leader sod Bosso�Yer,subjeet to the grovlsione
<br /> ' ' of paragraph 17.Borcower's covenents and agreements shall be joint and severa l.Any B orrower who co•signs this Secur�ty --
<br /> • � Instrument but does nut execute the Note:(a)is casigning this Security Instrument only to mongage,grant and convey __
<br /> ° that Horrawer's interest in the Property under the terma of this 5ecurity Instrument;(b)is not personally obligated to pay �_-
<br /> � �;�� • the sums secured by this Secur�ty Ir�strument;and(c)agrees that Lender and any other Borrower may agree to extend, --
<br /> '�p �• :.�`• modiPy.forbear or make any accommodations with regard to the terms o P t his S e cu r ity lnstrumcnt or t he Note w i t hou t
<br /> �' .. �•"�'•�.. � v�� thatHorrower'gconsent. —
<br /> r" .. l2. I.oaa C6arQe�, If the loan xecured by�his Security Iustrument is subject to a luw which sets maximum loan ---
<br /> • ' •� . ,,,��•�`± charges,and that Isw is finally interpreted so that the interest or other loan charges collected or to be collected in
<br /> °� �r,. connection with the loan eaceed the permitted limits,then: (a)any such loan churge shall be reduced by the amaunt _
<br /> �, " ' .' necessary to rcduce the charge to the permitted limit;ancf(b)any sums already collected from Borrower which exceeded
<br /> , ' ��.,�„w�. �-��� permitted limits will be rePunded to Horrower.Lender may choose to make this refund by reducing ihe principal owed �-
<br /> ��:. •• � under the Note or by making a direct payment to Borrower,If n refund reduces principal,the reduction will be treated as a _
<br /> ',� . partiai prepayment without pny prcpayment charge under thc Note.
<br /> 13. Legitlation Atrecttng L.ender's Rights. If enactment or expiration of applicable laws has the effect of�"�
<br /> �� y���� �; ' rendering any provision of the Note or this Security Instrument unenforceuble according to its terms,I.ender,pt its option, ___
<br /> �,_"..
<br /> '�" mvy require immediate puyment in full of ull sums secured by this Security Instrument and may invoke any remedies —
<br /> • ss;_. � permitted by par�greph 19.If Lender exercises this option.Lender shall take the steps specifled in the second paragraph of`
<br /> .„ paragraph 11.
<br /> ° � 14. Notices� Any notice to Borrower provided for in this Security Instrument shall bc given by delivering it or by �-=��
<br />"���•� • mailing it by 8rst class mail unless applicnble law requires use of another method.The notice shall be directed to the �--
<br /> • � �~„ ' Property Address or any other address Borrower designates by notice to Lender.Any notice to Lender shall be given by � .
<br /> . ;� .. - Rrst clstss meil ta i.ender's addres.g stated herein or any o�hcr add�ess Lender designntcs by notice to Barrower.Any notice
<br /> ` • provided far in this Security Instrument shall be deemed to have becn given to Borrower or Lender whcn given as provicied _
<br /> . ' = e���''�'- � in this paragraph. --
<br /> - IS. Governing I.tw;Severwbllity. This Security Instrumcnt tihall he govcrncd by fedcral Inw and�he luw of the
<br /> � � , "�� � jurisdiction in which the Property is located. In thc event thnt uny provision or cluuse of thi.Security Instrument or the
<br /> ;,•4'� Note conflicts with upplicable law,such confiict shnll not aflect other provisions of thic Security Instrument or the Note
<br /> �., � which can 6e given efPec�without the conflicting provision.To this end the provisions of this Security Instrument and the
<br /> Note are declared to bc scvernble.
<br /> =�^ � l6. Borrower's Copy. Borrower shc+ll bc given onc ronfittmcd copy af thc Note and of this Sctiurity Instrument.
<br /> 17. TrAasfcr ot the Prope�ty or a BeneHclal Interest in Norrowcr. If uU or�ny part of thr Property or uny
<br /> - interrst in it is sdd or transferred(or if u bene8ciul intcrest in Horr��wcr is sold or�rumferred:ind Biirrowcr iti oot a nnturul
<br /> . � person)without Lender's priar written rnnsent,Lendcr may,ut it+option, require immrdiutc raymrnt in full of all�um, �
<br /> se�ured by this Se�urily Instrument.However,thi�op�i�m+hall not Ix exercised bJ• Ixndcr if rxerci�e iti pruhibitrd hy (
<br /> ° federal lawasoftheduteafthisSecurity Instrument. ;
<br /> ;� • �� If Lender exercitics thi�opti��n,Lender shall give Barri�wer n��tice of arcelerutian.The n��tice+hall pruvide i+�x:ru�d t
<br /> �• - --# nf nnt Iecc�hrn .'10 dnvc fmm th�dnte the notice is deGvered or mailed�cithin whirh N��rr��a•cr mu�l pay;�II,um,�crureJ hy �
<br /> . ., this Security Inurument.If Borruwer fails�o p:q�th�hc surn+prior w tiic rapirutiim of�hi��xri�xi.Lender ma}•in�uke��ny.
<br /> � remedies}�ermit�rd by thiti 5ccurity imtrument u•ithout furiher nutirr��r dernund�m Burrow•er. �
<br /> ' 18. Borrowcr's RlRht b Reinstate. If Hnrrciw•cr mcch�crtain rnnditii�m, Hi�rra��•rr.hall harc thc right ti�hav.
<br /> enforccmen�of thi�5�tiurity In�trument disccmtinued at an�•timr pri��r��,the carher��f:(a)S J,�}••(��r�urh athcr prri�xl ati � '
<br /> , � � ;� uPPlicable law may s�xcify fo�rcinstutrmrnt)beti�re�ule of thr Pro�xrly{.ur�uiint ta:in�•��o��rr uf.,dc rum:�u�rJ iu it�n �
<br /> .. ., • � Security Imlrumeni;nr(b)cntry ot'a judgmrnt enfiircin�thi�5rrurity ln.trumrnt.7'h„�r�un.iiuun,are that liarr�,urr
<br /> (a)pays Lender all tiums whirh then w•ould lx duc uuder �his Sr�urit)� ImU�umrnl :�nd thc Nntc had ua accelrr:►u�m
<br /> . occurrrd: (b)rure�any default �,f any i,ther ro�•rn;uih c,r agrcrmrm�; Ir)�:�y. :�II etrrn.r. �nrurrrd m�nl��rring ihi,
<br /> - Security Imtrument,including, h�t not IimitcJ tu,rca�cinuMe attorncyti'Icc�:and Id)t:ikr.�urh arhon a. l.rndrr ma�
<br /> • ' , rensunably reyuirr t�i as+urc that thc licn of this Serunty Imtrumrnl. Lender'� riFhh m thr I'n�prrlp and Norruwrr'+
<br /> . � obligution lo pay thc sums �rcured by this �ecurity In+lrurocnt �hnll �nntinur unchi�ngeJ l'rxm rrm�tatrmrn� h� ;
<br /> � ,.;•�. • Bormwer,thi,Se�urily In�trumcnt and thc ubligutwnti se.ured hereby+hall rrmain full�rll'rrti�r a�if na arrrlcrau�m huJ
<br /> . occurred. However,this right to rein�tate shull nat uppl}�in thr.a�c of'acrcicraU�+n undrr p;iragr:iph. I!or 17.
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