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If Len~irr rryuired mortgsge insuranre as a conditiun of making the lo3n secured b~~ this Securit~~ Instrument,
f3~~rr~~~~er ,hall the premium~ reyuired to maintain the insuraiue in eflert until such time as the reyuirement for the
~n~ur:inrr terminatrs in acrurdanre uith BorroH•e~'s and Lender's written agreement or applirable laa.
8. Inspeetion. 1_ender or its agent ma~• make reasonable entries upcm and ins~:ctians of the Property~. Ixnder
~hall gi~ r l3orru~~ er nutice at the time of or prior to an inspection s~cif~ ing reasonable cause for the ins~etion.
9. Condemnation. The pnx~eeds e~t an~~ aw~ard or claim for damages, direct or con~equential, in connection with
an~• ~c,ndemnation or ulher taking of an~ part uf the Propert}•, or for con~c~ance i~t lieu of condrmnati~~n, are herebv
a~tiigi~ed and ~hail be ~aiti tu Lrnder. "
u ivi:u ian~iiK ~ii tiiC I~tuF~Cll). l(1C (1~1A'tCl1S SR~II OC 1t(l~I1Cd I(1 the sums secured b}~ this Je~Uflly.
In~trUment, H~hether or not then due, w~ith an~~ exress paid to E3orrower. ln the e~ei~t of a partiat taking of the Property,
unle.s Borrower and Lender otherw•ise agree in w•riting, the sur~s serured b}' this Securit}~ ln~tru~nen! shall be reduced b~~
ti~r amount oi the prckeeds muluplied b}• the tollowing fraction: (a) the tota! amount uf the sums secured immediateh~
bef~~re thr taking, di~•ided b}• (b) thr fsir market ~•alue uf the Property immediatel} hef~~re the taking. An}• balance shall be
paid to Borrow~er.
If the Propert~~ is abandoned b~• E3orrow~er, or if, after natice b~ Lender to E3~urouer that the rondemnc~r ofTers to
make an ~~+ard or settle a claim for dam:?ges, Borrower fails to respond to Lender w~ithin ?0 da~s after the date the notice is
gi~en, Lender is authorized ta collect and appl~• the pr~eeds, at its option, ei~her ta re~turatiun or re~:~ir of the Propert~• nr
to the sums serured b~• this Securit~~ Instrument, w•hether or not then due.
tlnlc~s Lender and Borrower otherw•ise agree in w riting, an}~ applirati~~n i~f pruceeds ze~ prinripal shall not eztend or
post~one the due date of the monthl~• pay~ments referred to in paragraphti 1 and 2~~r change the :?m~~unt of such pa~~ments.
10. BorroK~er tiot Rcleased; Forbearance By Lender tiot a!~'aiver. Exten,son of thr time for pa}~mem ur
moditication of arnortization of the sums secure~ by this Security Instrum~nt granted b}~ Lender to an}~ successor in
interest of E3orre~Ner shall nat o~rate t~ release the liabilit}~ of the original E3~~rr~~wer or F3urrower's surressors in interest.
Lender shall not he required to rommence pr~eedings against an~ suc~esu~r in interrst or refuu tc~ extend time for
p~yment or othencitir mcxlif~~ amc~rtizatic>n of the sums secured b~~ this Serurit~ In~trument b~ reason of an~• demand made
b}~ the original Borro~cer c~r Borro~~er's sucressors in interest. An}' forbe.ir.ince b} l.endcr in rxercitiing an~• right or remed~~
shall not be a wai~ er of or prcrlude the esercise of an~• right or remed~~.
11. Successors and Assigns Bound; Joint and Several I.iability; Co-signers. The c~~~enants and agreements of
this Securit~~ Instrument shall bin~+ and bc nefit the successors and astiigns e~f Lender and Borrower, subject to the pro~ isionti
of ~aragraph 17. B~~rro~~er's co~e?~ants and agreements sh~ll be joint and several. An}• Borr«uer w•ho c~~-signs thi~ Securit}•
Instrument but does n~~t ~xerute the \~~te: (a) is ca-signing this Securit~• Instrument onl~ t~~ mortgage, grant and con~-e~
that Borrow~er't intere~t in the Yrupert~ under the terms of this Securit~~ Instrument; (b) iti not pc:rsanalh• obligated to pay
the sums securrd b~~ thit Serurih• Instrument; and (c) agrec~ that Lender and an~~ othrr Borrow•er ma~ agree t~ extend,
modifj~, fort~ar or make an~ acrumm~>datiunti «~ith regard ro the terms of this Securit}~ Instrument or the Note ~•ith~~ut
thai I3orrower'ticonsent.
12. I.oan CharKes. If the l:~an tierured b~ thiti Securit} Intitrument is ,ub~ert t~~ a law a•hi~h sets maximum tuan
I rharges, and that la~~ iti tinall~ interpreted s~~ that the interest or other luan ~harges rullected or to be collected in
i connertion with the loan exceed the permitted limitti, then: (a) an~• turh loan charge sha11 be redured b~ the amount
i ne~e~tiar~ to redure the charge to the permittrd limit; and (b) an~- tiums alread}~ ~allected from Borrower a~hirh exceeded
€ prrm~tted limits «ill be refunded t~~ E3orro~~~er. Lender ma~ choose I(1 f113I~k this refund b~ reducing the principal u~~ed
~ under the \ote or b~ making a dirrct pa} ment t~~ f3c~rruHer. If a refund reduceti prinrip~l. the reduction w ill t~e treated as a
~artial prepa~ ment «~ithout am nrena~ ment charee under th~ \~t~~
~ 13. Legislation Affectin~ l.ender's Rights. If rnactment ~~r e~~irati~m iif ar~lieahl~ ia~r, h~ti the effect c~f
rendering an~ pro~~siun ui the \e~te ur this Securit~ Instrument unenf~,rcrable ar~e~rding tu its terrm, Lender, at it~ c~J~tion,
~ ?na~ reyuire immediate ra}ment in full ~if a!I ~um~ tierur~d b~ thit Securit~ In~trumrnt and ma}• in~c~ke an} remedieti
p~rm~tted b~ ~aragra~h 19. If Lendcr erercises thi~ u~tie.n. I.ender tihail take the .ter~ ~re~ ihrd in the ~erond par~graph uf
6 ~aragra~h 17.
~
; 1~. \otices. An~ n~~tic~ t~ R~~rmwer prcnided fc,r in thi~ Serurit} In~trumen; ~hall be gi~en hy deli~~ering it or b~
mailing it b~ tirst rlasti mail unle~s ap~licahle la~? reyu~res use uf anc~ther methud. "i~he n~~Iice ~hall he directed tc~ the
~ Pre~pert} Addretis or am~ other addres~ R.~rr~~wer cie~ignatr~ b~ ne~tire t<~ Lender. An~ nu[ire to l.ender ~haU he gi~•~n b~•
g fir,t cla,ti mail tc~ Lender't addre~ti stated her~in i~r an} c,ther ~ddretiti Lrnder de~ienateti b~ niztice te~ E3i~rro~?~er. Any nc~tice
~ ~m~ ided f~~r in thiti Serurit~ Instrument tihall hr deernrd t~~ ha~e hern gi~~n tc~ R~~rrens~r ~~r I.endrr when gi~en as prc~~ i~3~d
~ in !his psragraph.
~ 15. GoverninR I.aw; Se~~erabilit~. "I~hi, Securit} Intitrurn~nt tihall h~ ee~~ern~d h~ federal law~ and t}~e la~. ~~f the
~ juritidictic~n in ~~hirh the Yr~pert~ iti Ic~~ated. In Ihe e~ent that any ~r~~.iti~e,n c~r clau5e c~f th~ti Securit}~ Instrument or the
tiote rcmflicts Hith ap~,licable fa~t, tiurh ~emflict shall nut affe~t c~ther ~rcnisi~ms c~f thiti Sccurit} Instrument or the tiote
~ ~~nirh ran be ei~en effect «ithout the c~nflicting Pnnitii~n. To th~, ~nd the E~ro~i~i<~n, e~f thi. Seruritr Instrument and the
~ :c~te are declared t~ be tie~erable.
` lb. Borrowe~'s Cop}. Bi~rrencer thal! he gi~en c~ne cvnfc~rmed cc~~}~ e~f th~ '.`~.~te and c~f this Srcurit~ Intitrumrnt.
~ 17. Transfer of the Property~ or a Beneficiai Interest in Borrower. If all ~~r an~ ~art c~f thr Yr<~pert}• c~r an~
~ inter<`t in it is sold c~r transferred (ur if a benefirial interest in Bc~rrower iti uild c~r tran~frrred and E3c~rrc»er is nc~t a natural
~ ner~~m? witheiut I.ender's ~rior ~~rittrn c~ntient, I.ender ma}•, at itti uptic~n, reyuire immediate pa}~ment in full of all sumti
tie~ured b} thiti Securit}• Intitrument. Hoae~er, this c~pticm tihall ne~r he rrerritied b}~ Lender if ezerci~e is pr~hibi~ed by
federal la~s as oi the date of this Securit~~ Intitrument.
If Lender exercitie~ this ~~pti<,n, Lender tihsll gi~e B~~rr<~wer notice c~f a~relerati~~n. The n~~tire tihall ~r<nide a~eric~d
rf n~~t lru than 30 da}~ fr<~m the date the nc~tiee is deli~ered or ma~led Hithin whirh Be~rre~~cer must ~a~ al! sums securrd h}
thi~ Securit~ Imtrument. If Borrower fail~ tci pa~~ these tiums priur t~~ the ex~iratic,n uf thi~ ~,eri~~d, (xnder may in~c~ke an~•
remeclie~ ~ermittcd b} thit Security Intitrument withc~ut fur[her rotice or demand c~n Bc~rr<>~~er.
18. Borrower's RiRht to Reinstate. If B~rmµer meett certain conditic~;;ti, F3orrc~wer tihall ha~e the right to ha~e
~nfurc~m~nt c~f rhis Securit~ Instrument discontinued at an}~ time prior to the e:~rlier c~f: (a) 5 da}ti (or such other ~ri~xf as
a~~lira~le ia~~ ma} ~pei ~f~ fc~r reinstatement) before ~ale of the Yropert}~ pursua~t to an} pc~w~cr of sale contained in thiti
Serurit~ Intitrument: ur (h) entr} of a judgment enfc~rcing this S~curit} Instrument. Those conditions are that Borrow•er:
~ tii) ~131'S Lender all sums which then w~uld E~e due under thts Security~ Instrument and the Note had no acceleration
~ e~ccurred; (b) cures an} default of am~ other co~enants or agreements; (c) ~a}s all expenses incurred in enforcing this
~ Security Instrament, including, but ne~t limited to, reasonable attorne}~s' teeti; and (d) takes such action as Lender may
reason~bl~ reyuire t~~ astiure that the lien ~f this Securit}~ lnstrument, Lender's nghts in the Propert}~ and Borrower's
~~bligati~n te~ pa} the sumti secured h} thi~ Securit~• Instrument th~l1 conunue unchanged. Upon reinstatement by~
Borrc?wer, thiti Securit~ Intitrument and thc obligations tecured hereb}~ shall remain fully efTective as if no acrelerativr~ had
~~curred. H~nce~er, this right t~ rein~tate tihall n~~r 3~,~,1} in the case of acceleration under paragraphs 13 or 17.
e~oK ~t~•, PaGf ~vU
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