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ii i_ciiiiCi iCyi~iicu i~~:;i:''bt3~~ }':~:~.w;?~ :»c e» ~:?.?c~;f;.,:. :f s:~~~~:: l~;~ 1:~~r~ ~_i•~lrt~ h~' 1~115 Srrurity Instrument,
B~~rru~~rr tihsll F»~ the ~remiurns reyu?red to m~~ntain the insur:~nce in efiect until such time as the reyuirement f~r the
in~uran~e terminatrti in acr~~rdance «i~h BorroH•er's and Lender's w rittrn agreement or applirable I~w~.
8. Inspection. Lrnder or its agent ma} make reasonahle entries upon and inspecliuns uf the Prupert~. Lender
.hall ki~e Borro«er notire at the time of or prior to an ins~ction spc:cif~ ing reasun;~ble ~autie for the ~n~pcrtiun.
9, Condemnation. Th~ ~nkeeds of an~ a~~ard or claim f~ir dam.?ge~, dircct ~~r rc~n,ryuential, in reinnr~tiun with
am• rondemnatiun or uthtr taking ot an~• ~art ~,f the Pr~~pcrty', or fur ~~m~e~:ince in lieu :~f rondrmnatiun. ar~ hereb~
a.~ignrd and ~hall be paid t~, Lender.
In the e~ent uf ~ tutal taking uf the Pr~~~rt}, the ~rekrrds shall be applird t~~ the.um~ sc~ured by this Se.urit~~
In,[rument, whether or not then due, w~ith sn}~ zxcesti paid to Borrower. In the e~rnt of a p~rtial taking uf !he Yroperty,
un!rs~ E3orro~~rr and Lender utherwi.e agree in ~~•riting, the sums ~ecured h~ this Se~urih~ Instrument ,hall ~ reduced by
the smciunt uf the ~rckeeds mul~iplied by~ the followin~; fraction: (a) the total amount uf the sums ~erurrd immediately~
hefore the t,~king, di~: ided b~~ (b) the fair market ~•alue ~~f the Propc rt~ immrdi.ttel~~ betore the taking. An~ balance shall be
paid tu Borrow~er.
If the Propert~• is abandoned b~~ Borro~~•~r, or if, after noti~e b} l.ender t~~ 13~~rrow~er that thr condemnor offers to
make an a~tia~d ur settle a rlaim for damages, B~~rm~~er fail. t~~ r~spund tu Leneier ithin 30 ~i~~s sftrr the date thr n<~tice is
gi~en, l.ender is authorized to rnllect and appl~• th~ pnkeedti, at its option, eithcr t:~ re~toratiun or rr~air ~~f the Yrc~~ert~• or
tu the ~ums secured b~ this Securit~~ Insirument, ~rhether or nut then duc.
Ur.lc-~s Lender and Borrow•er otherw•ise agr~e in w riting, an~~ applicat~~~n ~~f pre~ce~ds t~~ ~rinri~~! shall nut rxtend ~~r
p~stpone the due date ~,f the monthly pa}~ments referred to in paragraphs 1 and 2~~r chcenge Ihe amuunt ul wrh p3~~ments. ,
10.' BorroK~er tiot Released; Forbearance I3y~ Lender \ot a~~~aiver, Extension of the time fc,r pa~ment or ~
mc~ifiration of am.irtization of the sums secured b}• this Securit}~ In~trument granted h} l.eneier to an}~ surressor in i
intere,t of Borro~~er shall not o~rate to release the liabilit}~ ~f the ~~riginal I3urraHer or I3~~rn,w•er'~ surre~sor~ in interest.
Lender shall not be required tu commenre prcxeedings against an~ surresu~r in intrrcst ~~r refu~e te~ extend time for
pa} meat or other~~ise mociif}~ amortization of the,ums secured h~ this Serurit}~ Intitrument b~ rc.i~~~n of an~• demand made
by the original Borro~~er or Borruaer's sucressurs in interest. An~ fc~rbearanrr h~ Lendrr in e~erci;ing an~~ right or remed~
shall not be a w~ai~ er of or preclude the exerrise ~~f an~ right or remedy.
11. Successors and Assigns Bound; Joint and Se~•eral Liabilit~; Co-signers. The co~e~r~nts and agreements c~f
th~s Securit}• [nstrument shall bind and benefit the surcessors and as,igns ot Lender and Barro~~ er, subject tc~ the prrn isions
of paragraph 17. Borrawer's ro~ enant~ and agreement~ tihall be j~~int and se~eral. Am~ Burro~~er w hc~ re~-signs this Securit~~
Instrument but dc~~ ne~t exerute the \~~tr: (a) is cc~-tiigning thi: Serurit~ lnstrument ~~nl~ t~~ mortgage, grant and come~
that Borro«•er's intere~t the Pre~;~ert~ under the terms of this Securit~ Intitrument; (b) is not perscmall~ obligated t~ pa~
the sums ~ecured h~ this Securit~ Instrument; and (r) agreeti that lxnder and an~• ~~ther Burrower ma} agree tc~ extend.
muclif~•, forbear or mak~ an~ ~rra?nme~dations ~sith regard to the termti ~~f this Serurit~ Instrument or the Note w~ith~iut
that BorroH~er's conunt.
12. Loan C:harges. [f the l~~an ucu~~d h~~ this Securit~ Intitrumrnt i1 tiuhje~t te~ a i~ti ~~hirh set~ rnaximum loan
charges, and th3t law iti finalh interpreted sc~ that the interetit ur ..~5e; i~i:ili ~harg~, cullected or t~~ b~ rnllected ~n
conneriiun «ith th~ loan exceed the permitted limits, then: (a) an}~ such loan charge shall tk reduced b~~ the ame~unt
neces~an to redure the eharge to the ~ermitted limit; and (b) an~~ sum~ alread} ri~lle~tcd fram Fiurrc~aer w•hich exceeded
; permitted limitti ~~ill be refunded to Bc~rrower. Lender ma~ rh~w~e te~ make thiti refund b~ reducing the ~rinripai ow~ed
; under the `ote or b}• making a direct pa~ ment t~~ I3orrower. If a refund redure~ ~nnciplll, t}lt ft(jUl'(IOII µ'III f)c' [ft3[C(~ 3S 3
~artial prepa~~ment ~ti ithout an~ prepa~ ment rharge under the \~~te
~ 13. Legislation AfTectin{; I,ender's Rights. If enactnzent ur ex~~rati~~n ~~f a~plirable la~~s has the effect ~~4~
~ rendering an~~ ~ro~ isic~n e~f the '~c~te or this Serurit~ [~~titrument une~~f~~rrcahle a~~c~rdis~g ti~ it~ trrm~, Lender, at itti uJ~tion,
rna~~ reyuire immediate ~a~ment in full cif all ,umti ucur~d h~ thi. Se~urit~ (ntitrument and nz~i} in~c~ke sn~ remedicti
~ ~ermitted b~~ paragra~h 19. If Lender ~ser~ises t}ii, ~~~tiar~. Len~ier tihall t.ikr the titr~~ ~~er~hed in the tirccmd paragra~h ~~f
i paragraph 17.
14. \otices. An~ n~mre t~~ Be~rro~~er ~rc~~ ided fc~r in thiti Serurit~ In~trurnent ,tiiall be gi~en h~ deli~~ering it or h~
: mailing it b~ first clas. msil unle,s a~plicable la~~ rcyuires u~e ~~f anuther mrth~~d. The n~~ti~~ tih~ill h~ directed tc~ the
~ Pru~ert~ Addre» c~r any c~ther addre~s Be~rm«er de~ien~tr~ b~ nc~tir~ tc~ Lender. An~ nc~tirr to Ixncier tihall be gicen h~
hr~t cla,s mail to Lender'1 addre.~ stated hercin an~ e~ther adcir~ti. L~ndrr detiien.?te; hc n~,ticr tc~ [3~~rro~~er. Am~ ncnire
' pre~~ided for in thiti Secunt~ Instrument tih:~ll h~ decmcd t~~ ha~~ he~n ~:i~en tc~ R~~rr~~~tier i~r Lender when gi~en ss ~m~ided
~ in thiti paragraph.
~ 15. Go~~erning Law; Severabilih. T hi~ Se~un[~ Inti[rum~nt .h.ill h~ c~~~ern~d h~ federal la~s and the la~~ c~f the
u iuri,dirtion in ~.hirh the Prop~rt}~ i~ I<~rated. In the e~ent that an~ }:n,•~tii~,n ur rlau~e: ~,t~this Securit~ In`trument ~r the
~ote rc~ntlirtti ~~ith a~piirahle la~~. ~urh rc~nflirt tihall nc~t a(Tr~t cither ~rci~i~sem~ c~f thiti Serurit~• Instrument or the':~<~te
`t «hirh ran be gi~cn efT~rt ~cichciut the e<inflsrtine pr<~~itii~m. T~~ this end tn~ ~rcnitiie~n~ cif thi~ Securit~ Instrument and the
~c~te sre declared t~ be ~e~erahlr.
16. Borrower's Cop}•. Bc~rrcncer tihall hr ~i~en ~~ne r~mf~irmed r~~~~ ~~f thr \~,tc .ind of thiti Securit~ Instrumrnt.
17. Transfer of the Yroperty~ or a Qencficial Interest in Borrower. !f all ~~r an~ part ~~f th~ Pru~ert~ ur an~
~ intere,t in it i~ s~~ld c~r tran,ferrtd ie~r if a b~nefirial int~re~t ~n R~~rr~~~cer i~ tie~ld cir tr<?n~ferre~i and Bc~rru~~~er is n~t a natural
r ~~r.un) withe~ut Lender's pnor ~~~ritten r.m~ent, Lend,r ma}, at ~t~ ~~~ticm, reyuire immrdiate ~~~ment irz full c~fall sums
- - ' ,ecureu ~hi~ S~.;~~it•. Intitr~~~~e=~,. H~,µe~er. thi~ ~,~+ci~,n ~hall nc,r he CXtf~i~C(~ h1' I.CtI(~Cf I~CCCfCItiC IS ~?rc~hibitrd b~
- fedcral la~~ a~ c~f the date ~f thiti Serurit~ Instrument.
[f I.~nder eserci~e~ thi~ aption, Lender shali ei~e Re~rrc~ucr n~~nce uf <i~~elerati~m. The nuticc .t~all ~~rcnic3e a perc,d
e~f nut ic~s than 30 da}~ fr~~m the date the nc~tire iti deli~ered e~r maiied Nithin whirh 13c~rrc:wer mutit ~a} all tii~mti tiecured h~
thi~ Security Instrun~ent. If Borruaer fails te~ pa~~ these wms prior tc, the e;~iraticm ut [hiti ~,e~i~,d. Lender ma~~ ime~ke an~~ _
remeciie~ ~ermitted b~ ,hi; Securit} [ntitrument ~cith<~ut furrher notice ur demand ~+n Bcirrow~r. ~
18. E3orrower's Riqht to Reinstate. If Borrrn;er meets certain c~~nditic~nti. Borrower ~hall ha~e thc right t~~ ha~e ~
t;if,~r~~;m;~nt af ihi~ Serurit~ in~trurnent di~continu~ci at am~ time ~rior to the earlicr c~f: (a) 5 da}~s fe~r suth «ther perie~d ati .
applicaole la~~ ma} ~per~f} f~r reinstatement) before ti:~le of the Prc~~ert~ ~ur~uant t<~ an} ~ower of sale rontained in this
~ecunt~ Intirrument: or (b) cntr} :~f a judgment en(orcing this Securit~• In~trument. Those conditions are that Barroaer:
(a) ps}~ Lendcr all tiums whirh then ~~~uld be due under this Securit~ Instrument and the Note had r~ci ac~eleratior
~xcurre~: (h) cures an~ default of am ~~ihet cenenants ar agreements: (c) ~a~, all ex~en~e~ incurred in enforcing this
- Securit~~ In~trument, inrluding, but n~~t Gmited te~, reasonable attorne~s' feeti: and (d) take~ ~uch action as I_ender ma}~
reasonahl~~ reyuire t~ a`sure that the Gen of this 5ecunty~ In~trurr~ent. Lender's nghts in :he Propert} ~nd Borroker'~
, e~bliganc~n to pa}~ the wms tecured b~~ th~~ Securit} Instrument ~hall cc~r.tinuc unchanged. L'pon reinstatenient by
Borro~tier, thiti S.cur~t~ Intitrument and the e~h!igati~nti tierured hereh~• shall remain full}~ effective as if no acrzleratic~n had
nccurred. Houe~er, this rieht to rein~tate Sh~ll n~~t a~~l~ in the case <~f arcelerahan under paragraphs 13 or 17.
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