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intereat fram tiie date of di.abursmient at the Note rate and ah~all be payable, with interest, upon mtice fram .
Les~der to Borrvwer requestiig payment.
If Lender required m~rtg,age insurance as a oonditian of making tfie loan aecured 6y this $ecurity Instrument,
3orra~ ahall pay the p~eni~s required t~o mai.ntain the inauranoe in effect until such time as the require~nt
for the insura~ce terminates in acoordance with Barrower's aad Le~der's written egreement ar a~plicable law.
8. Ia~perti~aa. La~der oc its agent may make reasonabLe eatries upcxl and inspectia~s of tfie Pc+~perty.
Lender et?all give Borraaer mtice at the time of ar p~ic~ to ari inspectian specifying reasoaable cauee fac the
inspectian.
9. 'Ihe prnceeds of aay a~ard ar claim £or d~ages, direct a~ aoosequential, in oocnectipn
with aay ooodematiaa ar oth~r taking of any parc of the Property, a~ fac oonveyar:oe in lieu of aoc~~atim,
are hexeby assigi~ed ad ~all be paid to Lender.
In the event of a total talcing of the Property, ti~e proceeds shall be applied t~ ~e e~s aecured by this
Security Inatnmayt, whethe~r Qc mt then du~, vith any excess paid to Barra~. In the event of a partial taking
of the ProPertY, uiless Barrowes a~d L~der otheiwi.se ag~ree in rrriti~g, tfie sums secured by this Security
Instn~t shall be redwced by the amo~a~ of the proceeda m~ltiplied by the follawing fractian: (a) the total
~ouit of tfie suos secured iomwdiately before t3~e taking, divided by (b) ti~e fair market value of tfie Property
ic~ediately before the t,aking. Any balanoe shall be pai,d tA Borra~ra.
If the Property is abandooed by Bacrvwer, ac if, after mtice by Le~der to BarraWer tfiat tfie oaod~u4r offers
co malae ai aWard ar settle a claim for daroages, Bor:nw~er fails to respond to Lender vithin 30 days aftex the date
the mtice is given, Ls~der is suti~orized to oollect and apply t~ pcooeeds, at its apti,on, either to restoratior~
ar repair of the Property ac to the s~s secured by this Security Instnma~t, Whethex or not then due.
Unless La~der a~d Borrawer otheiwise agree in writing, ary application of proceeds to principel ahall mt
zxte~ ar postpone the ~e date of the monthly paymaita referred to in paragraphs 1 and 2 ar chsngie the a~xmt of
s~ payments.
liU. Do~¦~t lfot Yele¦~ai; Poebe~aoe Dj I~der lfot a iii~ar. F~eosion of t~e time fi~r psymeiit o~
~dificati:an of amortizatian of the sume se~ured by this Security Instn~ment granted by Lende.~r to any successor
in interest of Borra~ex shall not operate to release t~e liability of the ariginal Barrower ar Ba~rower's
succeasors in interest. Les~der shall not be required to ca~na~oe proceeding;s against any successor in interest _
or ref~e to ectend time fnr payment oc athe~ise m~dify ~ortizatiai of ~e aima seeau~ed by this Security
Instna~eut by reasrn of any dema~od made by the original Borra~er ac Borraaer's successors in interest. Any
forbearance by Lalder in exercisi.ng aiy ri~t cx ~+e~edy shall mt be a Waiver of ar preclude the ece~ccise of aiy
r i~t ar reo~edy. '
11. 9uooereoes aod Ll~ai~s Do~a~ Joint avd Sew~ral I.iabfilit), Qo--si~ecs. ~e oove~nts a~d ~greenents
of this Sec~sity Instrwant shall bi~ a~od baiefit the sucoessors aad assigns of La~dez' and Borrv~ra, s~jert to
tke pcwisions of paragraph 17. Bocrower's ao~vacsants a~d agreeoents ehall be joint and several. Any Borraier
;~o oo-sig~s this Sec~ity Ic~stnment buit dces not execute the Note: (a) is oo-signiqg this S~c~sity Instn~t
~ly to mortF~ge, €~ant aad oanrey t3~at Barrawer's interest in t3~e Property ~nder die teYUOe of this Security
Instn~t; (b) is not personally obli~ted to pay the suns secured by this Sec~sity Instnm~t; aiod (c) agrees
~'~at L~der and other Borrower may a~gree to e~ctmd, m~di£y, forbear ac make ~y acca~odations With reg~rd to
; the te.~s of this Sec~ity Instz~ent ar the Note without that Borrower's cons~t.
~ 12. 1~ ~Sas. If the laan aecured by this Security Instnmmt is subject to a law ~ich sets maximim
4 lo~ ctearges, and that laa if finally in[erpreted so that the interest ar other loffi chazges collected oc to be
~ coliected in aoanection with t3~e loan e~coeed die peimitted limits, t~en: (a) ary suc3~ lasn c~arge a~all be
~ re~uced by the ~o~nt necessary to reduoe the charg~ to the pe~itted limit; and (b) any s~me already collected
3 fr~ Borra,rer ~ich @coeeded pezmitted limits will be ref~~ed.to Bocrawer. La~der may d~oose to make this a
~ re€~md by re~cing the prin~cipal a~eci ~a~der the Note ar by making a direct payment W Borrvwps. If a refiad
reduces principal, the reduction will be treated as a partial prepayment without ary prepayment ~arge ~nder the ~
Note.
~ 13. I~isL[ia~ Afbeehag Leo~ler•s Ri~+ts. If eoactment or acpiration of applicable laws has the effect of ~
rendering any p~ovi.sion of the Note ar this Sec~sity Instn~ent ~forceabLe accordug to its tecme, Lenda, at 3
its option, may require i~edi.ate payment in full of all s~s aecured by this Security Intr~eat and may invdc~ ~
a.-ry r~edies petmitted here~der oz as are permitted at lai ac in equity. If La~der ~cercises this optim,
L~er ~?aIl take the stepe specified in die seca~d paragraph of patagraph 17.
14. iTotiaes. Any mtice W Barra+er provided fior in this Security I~tnioent shall be given by delivering
it or by mailing it by first class mail unless applicable law requires uee of an~ther method. 'It~e mtioe shall ~
be directed to the F'roperty Address ar ary other address Borrwer desig~sates by notice to La~eder. Any nvtice to ?
~.~.nder shall be givei by certified first class mail to La~de~r's address stated herein or any other a~ress Lender ;
~signates by mtice to Ba~rower. Any n~tice provided for in ti~is Security Inetn~t ahall be de~ed to have ~
given to Borra~~rta oc La~der when giwai as pravided in this paragraFh• ~
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