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Home My WebLink About2277 If l.rn~ler reyuired mure~;aKe insurancr as a aindici~m uf m;~king the lu~n serure~l by this Serurit~~ ln- scrumrnt, B~~rruw-er shall pay chr premiums ~eyuired a~ maintain ~he insurance in effert until sunc ~ime as a reyuiremen~ fur thr insurance eermin:?trs in arrur~lance with Burn>w•rr's and I.ender's w•rittrn aKreemenc ur applirable I~w•. 8. Inspection. I_ender ur its akrnt m.~y~ make rrasunable rncrirs uEx~n and inspecti~~ns uf the Yrupert~~. I.en~ler sh.~ll ~;ive Hur~uwrr nutirr at che time i~E ur priur tu an ins~ertiun s~ifyin~; reasunable cause fur the insExrtiun. 9. Condemnacion. The prucreds uf .~n~~ aw~ard ur claim Fur dam~kes, direct ur cunseyuential, in cunnecciun v~~ith any r~?ndemn;~tiun ur u~her takin~; uf an~~ p~r~ uf che Prupercy, ur fur r~~nveyanre in lieu uf rondemn~ci~~n, ;,re hereb~• zssiknrd and sh.~ll be p:?id cu Len~irr. In the even~ uf a~u~al takinK uf the Pruperty, the pn~ceeds shall be applied tu che sums srrurc~ b~• this Security Ins~rumrn~, u~hether ur not then due, wich any excess paid tu Burruwer. In the evrnt of a partia! taking uf che PruEx rt~•, unless Burruwer and I_rndrr utherwisr a~;ree in writinK, the sums secured by chis Serurity tnstrument shal! be re~ured b~~ the ~muunt uf thr pnKeeds multiplird by the fulluwinx fractiun: (a) the total amount uf che sums secured immediatel~• bef~>re takinK, .~ividrd by 1 b) thr fair market value ~~f the Pruprrty immediately befure the taking. Any balanre shall be paid ~o Burruwrr. If the Pruperty is ~bandi~ned by Horn~wer, i>r if, after n~~tice by I.ender cu Burrc3wer ~hat the condemn~~r uffrrs tu ma{:e an ~w~r~! ur setcle claim fur d:~ma~;es, Burruwer fails tu respund tu Lender within 3U days after the date the nutice is ~;i~•en, l.endrr is auch~~rized tu rullecc anJ apply che pnxeeds, at its ~~ptiun, either to resturation ur repair of the Pr~~perty ur cu the sums scrured by ~his Serurity lnstrumrnt, w•hether ur nex chen due. Unlrss l.endrr and Burn?w~er utherwise ~Rree in writir.g, ~ny applicatie~n of pruceeds principal shall n~~t rxtend ur ~~s~p,nr che due dace ~~f ehe munehly paymrnts referrrd tu in paragraphs 1 and ? ur change chr ~muunc uf such pa}•mencs. 10. Borrower Not Released; Eorbearance By Lender Noc a Waiver. Exrensi~~n uf che c+me fur payment ur m~xfific~tiun ~?f amurtizatiiin ~~f the sums secured by this Security lnstrument granted b~• Lender to any successur in intrrest uf Burn~w•er shall nuc uperaee cu release [he liabiliry uf rhe uriginal Borruw-er ur Burn~wer's successurs in inte~est. Lender sh~ll nuc be required cu rummence prcxeedings against any successi>r in incerest ~~r iefuse to extend ~ime fur pa~•ment i~r ~~the~w•ise m~xlify amc~rtiza~iun uf the sums secured by~ this Security Instrument by reasun uf any demand maJe by ~he urigin~l Burruwer ur Be~rr<~wer~s sucress~~rs in interest. Any furbearance by~ Lender in exercising ~~ny righc ur remedy shall nut be a waiver uf or preclude ~hr exercise uf an}• riKht ur remedy. 1 l. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The rovenants and agreements uf this Srcurity Instrument shall bind and benefic che successurs and assigns oF Lender and Bc~rre~wer, subjeit tu che pro~~isiuns uf paraxraph 17. Burruwer's cu~~enan~s and agreements shall be juint and several. Any A~?rruwer w~hu ru-signs this Serurit}• Instrument but d~xs nu~ rxecurr che Nute: ( a) is cu-signinK this Security Instrumenc unly [o mortgage, grane and cum~ey~ thac Hurn~wer's interes~ in the Yrupert~~ under the terms uf chis Security Instrumenr, (b) is nut personally obligated tu pay the sums secured b}• this Securie}• Inserumenr, and (cl agrees that Lender and any other Bc~rruwer may agree tu exrend, mesclify, € f~>rbe:~r ur make anq aau~-nmi~atiuns u•ith rr~;ard a? the terms of this Securiry Instrurt~ent ix che Nure withuut that ~ Burruwer's cunsent. 12. Loan Charges. If che luan secured by this Securicy Instrument is subject cu a law which sets maximum luan I rharKes: anJ thac law is finally in~erpreted s~~ that the inrerest ~~r ~~ther luan charges a~llected or to be ce~llected in cunnection wich the luan exceed the permitted limits, chen: (a) any such loan charge shall be reduced by the amoune necessary tu redure i ehe char~e tu the prrmicted limit; and ( b) any sums already rullected fr~~m Burruwrr whirh exceeded permicced limits will be ; refunded tu H<~rruwer. Lrnder may ch~wse to make this refund by reducing the principal owed under the Nute ur by making a E ~irect payment tu Aurrc~wer. If a refund reduces principal, the reductiun will be trea~ed as a parcial prepayment withuut an~• E prepsymenc charge under ~he Noce. ~ 13. Legislation Affecting Lender's Rights. If enaccment ur expiratiun i~f applicable laws has the effect uf rendering r ~n}~ pruvisiun uf the Nuce ur this Securi~y Inscrumenc unenfurceable accurding tu ics terms, Lender, ac its optiun, may require immediate payment in full ut all sums secureJ b~~ this Security Instrument and may im~uke any~ remedies permicre~j by p:~r:~~;raph 1~). If l.ender exercises this up~ion, Lender shall cake the sreps specified in the sece~nd paragraph of paraAraph 17. ~ t-4. Notices. Any nutice to Borruwer pruvided for in this Security Instrumen~ shall be gi~~en b}' delivering it ur by~ t mailin~; it by first class mail unless applicable law requires use uf :~nother method. The nueice shall be directe~i u~ the Pr~~percy ~ ~ AdJress e~r any ocher address Borrower designates by nutice tu l.ender. Any notice to I.ender shall be given by first class mail ~ ~ w Lender~s address scated herein ur any uther address Lender designates by nutice tu B~~rruwer. Any nucice pruvided for in ~ chis Security Instrument shal) be deemed to have been given tu Burrc~wer ~~r Lender when given as pruvided in this paragraph ~ 15. Governing Law; Severability. This Securiry Inscrumenc shaU be governed by federal law and rhe law of che ~ juris~icci~>n in which the Pre>perty is lexated. In the event that any pruvisiun ur clause ~~f this Security Instrumene ur ehe Nore ~ cunfliccs with applicable law•, such ccinflicc shall nur affect c~ther provisi~~ns uf chis Serurity lnstrument ~~r the Nute which can ; be Kiven effect wichuut the c~?nfiii:tinK pruvisiun. Ti~ this end the pruvisiuns uf this Securit}• Instrument and the N~~te are ~ ~leclared cu be se~~erable. 1G. Borrower's Copy. Be>rre?wer sha11 be given une conf~~rmed cupy uf the N~~te and uf this Security Instrument. ~ 17. Transfer of che Property or a Beneficial lnceresc in Borrower. If all ur any parc uf chc Pruperty c~r am~ incerest in it is sc~ld ur transferred (ur if a benefici:~l interes~ in Borrower is sold or transferred and Borrc~wer is nut a natural ~ persem) wichew~ Lender's priur wriuen a~nsent, Lender may, at its optic?n, require immediate payment in full of all sums f secured by this Securiry Instrument. However, chis uptiun shall nut be exercised by Lender if exercise is prohibited by federal law as e~f the dare uf this Security Instrument. If I.ender exercises this uption, Lender shall Kive &~rre~wer ne>tice uf acceleratiun. The notice shall pru~•ide a peri~~ ~>f rn~t less ~han i0 days from the d~te the notice is delivered or mailed within which Burrower must pay all sums secured by this ~ Seruriry Instrument. If Borrower f;~ils to pay these sums priur to the expiracion of this periud, Lender may invuke any remedies permitred by this Securicy lnstrument without further nucice ur demand on Borruwer. i8. Borrower's Right to Reinstate. If &~rruwer meets certain cunditions, &~rrower shall have the right to have ~ cnfurcement uf this Security Instrument discuncinued at any t~me priur to the earlier of: (a) 5 days 1or such other periud as ~ applicable I;~w~ may specify fur reinscatement) befure sale of che Property pursuant cu any power uf sale cuntained in this Se- ~ curity Instrumenr, ur (b1 entry of a judgment enfurcing this Security Instrument. Thuse c~~nditi~~ns are thac &~rn~wer: ia) ~ pays I.ender all sums which then would be due under this Security Instrument and the Nute had nu acceleration excurred; ( b) ~ cures any default uf any uther cunvenants ur agreements; (c) pa~s all expenses incurred in enfc:rcing this Security lnscrumenc, ~ inclu~ling, bu~ noc limited tu, reasc~nable attorneys' fees; and t~) cake~ ~uch acciun as lxnder may reason~biy require tu as- ~ sure ~hat che lien uf this Security lnstrument, l.ender's rights in the Property and Surrower's obligatiun to pay the sums ; secured by chis Securicy Instrumene shall con~inue unchanged. Upun reinstatemen~ by &~rrower, chis Security Inserumenc and the ubl~gations secured hereby shall remain fully effeceive as if ne~ acceler:~cion had ~xcurred. However, this righ~ u, reinscace shall nac apply in che c:~se of acceleratian under p:~raKraphs 1 i ur { 7. F . 90~( €17~ PAGE~~~ / ~ " ~ _y. ~....4.~_ ~ _ . . . t ~ : '~'~`"'.~.~rx-~~~