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<br /> substuntiully cquivalcnt mortgagc i��suritncc c�vcrugc is not availablc. Borrowcr shull puy to Lendcr cach mnnth a sum equul ta
<br /> � onc-t�velfth of thi,yearly mortgngc insurance prcmium being p.dd by Borro�ver whcn che insurance coveruge lupscd or ceased to
<br /> , ' bc in cffcct. l.cndcr will accept,usc nnd retain these paymr.nts ns n loss iescrve in licu of tnortgtige iizsurunc�. l.oss rescrvc _
<br /> paynients may no lon�;cn c� reyuircd, at the option of L.cnder,if mortgngc insuruncc covcr:�gc Qin thc umount.cnd f��r the pericxl —�
<br /> ' that Lendcr requireti) pruvidr.�l by an ii�s�urr npproved by Lender a�uin bccontes availnblc nnd is obtiiin�d. Borrc�wer shnU�pby �
<br /> tlic prcmiums requircd to nriimain monguhc insurancc in cffcct, or tu proviJc��loss rescrvc,unlil Uic rc uircment fi►r mort a��
<br />' insur.►ncc ends in accordunce with uny writtcn agreement between Borrower and l.endcr or applicable law.
<br /> 9.Inspcct!on. I.cndcr ar its iigcnt may makc rc.�.tianablc cntrics upnn nnd inspcctions of the Prap�rty. Lcndcr shall givc
<br /> Borrowcr noticc at thc timc oi'or prior to an inspection spc:ciPying rcasor,al�le rausc for the inspection.
<br /> 10. Condemnutlon. Thc procccds of any a�vi►rd or clnim for Janx�gcs, dircct or conscqucntial, in conncction with any
<br /> condcmnation or othcr tukin�; of any p:irt of the Propcny. or for comeyance in licu of condemnution.arc hercby assisncd und —
<br /> shall hc p:►id ta I..rudcr. �°
<br /> ''�}.i".s. In the cvent��f u wtal�ukin�of�he Propeny.the proreeds shall l�:upplicd to the sums secured by this Security lnstrument, �
<br /> �.,�;;,�„�:,3, whether i�r not then due. �vith any excess paid to Hurrower. In the event of a partial taking of the Property in whicli the fair �
<br /> - '•"���� t+iarkct valuc of thc Froperty im�4udiately before thc takin� is cqual to or grcatcr than thc amount of the swns sccurcd by this
<br /> ;.�,:,,::r� , �
<br /> Security Instrumcnt inmicdiatcly before the taking,unlcss Borrower and L.�:nder oth�:nvise agrcc in writing,the sums st:cured by �
<br /> this Sccurity Instrumcnt shull be reduced by the amount of the proceetis multiplied by the follawing fractian: (ul the tau►1 :
<br /> r . :tlltoultl of [hC tiultls sccured immediatcly bcfore thc taking,divided by (b) thc fair markct value of the Prapeny immediatcly �.'
<br /> beforr the taking. Any balunce shall tu;paid to Borrower. !n the e�ent of a panial �nking of the Propeny in �vhich th;. fair �_
<br /> ;�;� markct vulae of thc Proprrty immediately heforc tlie takin� is Icss than the amount of the sums secumd immediat�ly b:fore the _
<br /> taking,unless Borrower and Lcnder othenvise ugree in writing or unless applicable law othenvise provides. the pmcc�eds shall �:_
<br /> � be applie�i[o the sums secured by this Security Instniment whether or not the sums are then due. __
<br /> i.�� if the Property is nbandanod by Borro�ver, or if.after notice by I.ender to Borro�ver that thr condemnor offers to rtulr�a�� _
<br /> ,��''� award or settle a claim for damages, Borrower fails ro respond to Lendcr within 30 days after the date the notice is gi��esi. �.
<br /> }���� �' L.endcr is authori•r.ed to cvll�ct and apply the procecds,at its option, eitlier to restoratian or repair of the Property or ta tha sums
<br /> r:, _ r• secured by this Secvriry Inst�ument,whether or not tt:en due. �
<br /> s' �i Unless Lender and d�orrower otherwise agree iu �vritin�, any application of proceeds to principal shall not extcn�i or `*.
<br /> �i;�� � postpone thc due date of the monthly payments refermi to in paragraphs 1 and?or chunge the amount of sucB payments. ___
<br /> ���` 11.Bcirro�ver Not Released;Furirr�arnnee C3 ;.e:��cr K�!s!!'atver. Extensitm of the time for payment or mcwlific::ian _
<br /> .r�' of amortiz:ition of the sums secured by this Securiry Inswment granted by Lcnder to any successor in interest uf Bottow•es sPawl __
<br /> - �•.� • not operate to release the liability of the original Borro���er or Borcower's successors in interest. I.ender shall not be requin.�d ta �
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or othenvise mcr,�ify amortiTatiun
<br />- of the sums secured by this Secnrity Instrument by reason of any demand made by the original Borro�re� or BormwePs
<br /> successors in interest. Any forbearance by Lender in exerr.ising any right or remedy shuU not be a waiver of or preclusic the _
<br /> cxcrcisc of any right or remedy.
<br /> 12. Succeswrs aud Assigns Bound; Joint and Several Liat�ility; Co-sl�;ners. Thc covenants and agrcements af[iiis
<br /> Security Instrument shall bind rnd benefit the successors and 1ssigns of i.cnder and Borrower, subject to the pmvisions of
<br /> ,. pa�a�raph 17. Borro�ver's eovenants and agrc:ements shall be joint and several• Any Borrower who co-signs this Security
<br /> Instrument but docs not�:necute the Note: (a) is co-signing this Security Instnament only to mortgage, grant and convey that
<br /> � � Borrower's interest in the Propeny u�d:r tfie ternts oi iiiia Sca:uiity i��s.rat�t�ai:�.�'.i :��Ot r^^,.:S4n,�1�.,hljoatr�l t��►ay!h�SIl[ris _
<br /> , ' secured by this Security instrumenr,an�.6�5 agrees that Lender and 3ny othcr Borrowcr may agrec to cxtend, modify,forb:ar or
<br /> make any accommodations�vith regard ta��Z�e ternis af this Security Instrument or the Note withaue tl�at Borrower's consent.
<br />- � 13. Laan Charges. !f the loan secured by this Security Instrument is subject to a law which sets maxi�:un Inan ch2r�es.
<br /> "'�.'��� ' and that law is finally inter�reted so that the interest w•nther loan churbes collected or to be coRected in ec+r.nection w'ath thE
<br /> .a. : •
<br /> , laaee ezceed the permittecl limits, then: (a) any such loan c6arge shall be reduced by the amount necessary to roducr the c��ar�;e
<br />'``�'°•�•�`' to the permiued limir and (b)any sums already collected from Borrower which exceaded permiated limus will be refiinded tcf
<br />'"'"r,�^^`'' Borrower. Lcnder may clioosc to make this refund by reducing the principal owed under the Note or by makinn a dim�ct
<br />.��.°'°';'�
<br /> w.,;:�_ �� payment to Borrower. If a refund reduces principal, the reduction will bt: treated as a partial prepayment wit ovt ar�y
<br />- '��'- • Qrepaymer+t charge under the Note.
<br />.-:•.�•�--u•. ! 14.Nottces.Any notice to Borrower provided for in this Security Instrvment shnll be given by delivering it or by mailing
<br /> '_���-� iz by ficst class mail unless applicable law rcquires use of another methad.The notice shaU be directed to the Prop�erty Address
<br />-,�-.�-: :
<br /> -_-��r'-- or any other address Borrower designates by notice to Lender. Any notioe to l.ender shull be given by first class mail to
<br /> -J_���,�,��� Lender's address stated herein or any othcr address Lender designates by notice to Borrower. Any noticc pmvided for in this
<br /> __�.,,��,� Security Instrument shall be deemed to have been givcn to Borrower or Le:nder when given as provided in this parngmph.
<br /> ��� 15.Governing Iaw; Severabtlity. This Security lnstrument shall be govemed by fcderal law and the la�v nt the
<br /> jurisdiction in which the k'�operty is locatcd. In the e��ent that any provision or clause�f this Security Instrument or thw Note
<br />'.a_�1 conflicts with applicable 7�w,such conflict shall not s+ff:et other provisions of this Secur�ty Instrument or the Note�vhich can be
<br /> �T4��.���;;; given effect�l�thout the mnflicting provision. To tfi�is end the provisions of this Security Instrument and the Note arc�de�:lare-d
<br /> - r�::!'.R,` to be severabl�.
<br /> °-~-•`r�•.� 1G.Borrower's Copy.Borrower shall be given one conformed cupy of tlie Note and of this Sccurity Instniment.
<br /> ="""'��'+`���� 17.Transfer ot the ff'roperty or a Beneficial Interest in Sarrower.If all or any parc of the Properry or any ineeru�st in it
<br /> - - -�s is sold or transferred(or if a beneficial interest in Borrowcr is sold or transfcrrcci and Burrower is not a natuml per�.�on)without
<br /> r'`r'�a'"3i�;»
<br /> �,�. Lender's prior written amsent, Lender may, at its option, requice immediate payment in full of all sums securod by this
<br /> L�r'.fit!?�����.; Sccuriry Instrument.However, this option shall not be exercised by Lcnder if exerc►se�s prohibited by federal law as of dte datc
<br /> _ -. ,�.,,..;� •
<br /> --��,�� of tt�is Security Instrument.
<br /> ..,_�. ..� • If Lender exercises this option. Lender shall give Borrower notioe of acccleration. The notice shall provide a p�ria�of not
<br />. ". �'�r; ' less than 30 days from the date the notice is dclivcrcd or mailed within which Borrower must pay all sums securcd by this
<br /> . .. Securiry Instrumcnt. If Borrower fails to pay these sums prior ro the expirntinn of this period,Lender may irnnke any remedics
<br /> � perniittcd by this Security Instrument v�ithout further notice or demand on IIorrou�:r. _
<br />�� � `�;�+,, � 18. Burrower's Right to Rei►LS3ate. If Burcower mcxts certain conditions, Borcower shall have the right to have
<br /> � •'r, -� en�orcement of►his Security Instnimznt discontinued at any time prior to the earlier of: (a)5 days (or such other p�rial as
<br /> �,,•:�5.''�•;
<br /> �rs:y!.��„ applicable law may specify for reinstatement) before sale of the Property putsuant tu any power of snle contained in this
<br /> � Sccurity Instrument;or 1b�entry of u jud�ment enforcing this Security Instry►ment. Those conditions are that Borm�a�ce:(a)pays
<br /> L.ender all sums which then would be due under�his Security Instrument and the Note :u if no acceleration had o:curred: (b)
<br /> • � , cures any default of any other covenants or agreements; (c) pays all expens,:s incurred in rnforcing this Security [nitrument,
<br /> includin�.6ut not limited to, reasonable attorneys' fees: and (d) takes such ucti�m as L.cnder may reasonably requite to assurc
<br />- _.:�•'�:;j that the lien of this Security Insttument, L.ender's rights in the Propeny and Borro�ver's obligation to pay the sums securod by
<br /> �" � �r this Security Instrument shall mnhnue unchanged. Upon minstatement by Bonva•er, this Security Instrurrtent and the
<br /> -i .,t,��o:���nnc cr�ured hembv shall rcmain fullv eff�*�tive ati if no arceleratiem had occun•ed. HoN•ever,this r�ght t� rein�tate shall
<br /> � � not apply in the casc of acceleration under par.igraph 17.
<br /> 19. Sale of Note; Chan�e of I.opn Sen•ittr. Thc Notc ar a partiul intcrc�t in thc Notc (tugcther ��ith thi. S�tiur�ty
<br /> . Instrumcnt)may be sold onc o�more timcs without priur nutire to Bnrm�rer. A sale may rctiult in a rhange in th�cntiq•(kno�vn
<br /> as the"Loan Strvicer")that collects monthly payment�duc under the Note and thi�5c�urity In�trumcnt. Tlmre alsu m�y bc��nc
<br /> or n;orc rhanar�of the Loan Sen•iccr unrcl:ued to a�alr af thc Note. If there i�a rhange ot the Luan Sen�ircr. I3vrmw�s•will he
<br /> given��ritte��notire of the change in acrorclance with par.igraph 14 ahu�c and applicatde lativ. The nnnre will .�atc tha nume unJ
<br /> adJres, �ii the ne��• l.uan Servirer and thc a3dre�. t�� .��hich payment� �hould he m�dc. 1'lie uoticc w•ill altiu r�mt�in any��tlicr
<br /> infunn:ttiim rc��uircd by applirablc law.
<br /> Z0. Hazurda►us 5ubatiuices. Horn����er shall twt �au�� ur pcntut the prr.cn�e. u��. di�pn,al, tit��r,�ge. nr relCU�c ul.iny
<br /> Hsrutluuti Substancc� on ar in the Prap;rty. Borrowcr shall nrn do. nur allnu• anyunc cl.c tu Su. amthin� �d'tecting the
<br /> Pn�perty tlr.it is in ��iuL•uiun i�f any Environmcntal La��•. 7'hr pr�ticJin�t���� ticntrnrc, .hall nut apply� t�, th� prea.encc. u�c. ur
<br /> ,toragc un thc Pmpeny uf+mall yuantitics of Ha�urduu,Sun.tanrc� that urc F:r�rr:dly rer��gnvc�tu hc appr�,prialc w n�,rrai�l
<br /> � rcYidc�ttiul u�cs a»d tu maintcnan�c i�1 the Property.
<br /> r��a 3��• ' ' . ' • • ' Form 3028 9190
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