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<br /> �' �'`L `� sub:��tantially equivalent mnKga�e insutance coverage:is not available.Bomc�ucr sttatE �y t�Leader rach month a stun c�yu:il to
<br /> �'- �-�:==:+:`;<�;�� onc-t�ueiRh of ttie yearty martgage insurance precnium being paid by B.�rtowrr ufien che in.�uran�e coveragc i;sp�esi or+x�a,r.a�to m-�
<br /> : be in effect.Lender will ricee.�t.use and retain these payments as a loss re�erve in tieu uf �nungage insurance. Lo� reserve �`` ,•G.�
<br /> ,.,�:,�f•.,..��'�•�..�4 payments may no longer be required.at the option of Lenifer, if mort�e insun;nce crnerage�in the:unaunt and ti►r the peri� �� ..��.,
<br /> �- �hat Lcndet requires)ptavided by an iacurer approvcd by Lender again trecumes available :end�s obtaineii. Bortonver�hall pa .
<br /> � "t; : � , the premiums requimd to maintain moctgage insurance in effect.or to provide a tas.�reser�c,until,the nquirement far mortgage� �
<br /> insttrance ends in acwrdance with any wriuen a�ement between Borrower and Lender or applicable law. = '�
<br /> " , � q,iaspc�ctton.Ixnder or its agent may make se�anable cnuies upon and in,pectionti of the Pr�peny. Len�ier�haN give�6 � fi
<br /> • • ` 'x• Bom�wer natice at the time of ar prior W at►inspection specifying masonabie rsnse fi�r the impection. � �.n'`
<br /> � `-.��,;� iQ. Condemnation. T he pr o c e e d s a f any aw a n d or c la u n f o r d a m a g e s. d'u e�K o r r o n s e y u e n t i a l, i n c o n n e�-c i o n with an y
<br /> � condemnarian or uther taking of any Part of the Praperty.ar for conveyance in lieu vf co�cdemnatiun.are hereby :�.*ti�gned an� ; 'Y�;_
<br /> �` :,4 .�: ' shal1 he paid to Lender.
<br /> " � ' - ,``-� ' in the event of a total talcing of the Property.the pn�ceeds shall be appiied to the�um+�e�ured by this Security lnstrumeat.
<br /> �, . whether ar nat[hen due, with any excess paid to Borro�ver. ln [he event of a partial tak►ng of che Pmperty in which the fai�
<br /> �''`� s market value of the Properiy immediate�Y 6efore the taking is equal tu or breater than thc am�ant of the sums secumd by this '
<br /> _r.,^"'_"�e'`^! N .
<br /> .,.z: <<:.�r , Security instnament immediaz�:iy brfure ttu:taking.unl��Bs�nower arxi Lender otherwise dgree in writing. the+um.se�vred by t �Y�
<br /> � ��, this Secvrity Instrument shall be reduced by the amount of the procee�L. multiplied by [he foltowing fraction: la) ti�e total f .. `
<br /> . � - amount of the sums secured immediatelY Ixfore the taking. dnrided by Ib)the fair mvicet �aiue of the Property immediately ,�'
<br /> `` ; before the taking. Any balance shall be p�id to Borrower. In the event of a paitial talcing of the Propercy in which the fais „
<br /> . marlcet vatae of the Property immediac=!?'before the rati:n�i�les+tl'an the amaunt uf ihe sums secured immediately before the
<br /> _ -�•- takirig, unless Borrower and Lender otl�u,cise agree in writing or unless appliu-zhie Iaw othenvise provides. the proceeds sl�all -..
<br /> h::;
<br /> c.. be appiied to the sums secured by thi�Secarity[nstrumeat whethcr or not the sUms are then due.
<br /> .;}:�. _ If the Propert}is abandoned by Bnrmwer,or if,after naace by Lender to Borrower that the condemrtar offen to make an
<br /> award or settle a claim for damag�s. Bc,trower fails to respond to Lender within 3Q days afrer t6e date tl�e notice is given.
<br /> :.�'�� � Lender is authorized to collect afed apply the praceeds.at its aPtion.either[o restorat=on or repair of the Property ur to the sums _
<br /> f';=. secured by this Security Insttumeni.wt�t►er ar not then due. :
<br /> Unless Leader and Bomnw•er utt�wise agree in writing. anY aPPlication of prc�ceeds to principa! shall not eatend or �` , .
<br /> " ' po�tpone the due d3t,e of the mantiily paymentx referred to in pazagraphs 1 and?aT���e the amonnt flf such payments. �s.t;:
<br /> &1.Sarro�i�ot R�leased:Forb�rtr By Lender Yot a Rzcc�Extensivn of t�e time ft,�Raymert or modification ���:'ti:�;�,
<br /> ,;.� S �u�er r�•::m 5z:ccesso-��rzsi of B�-.vwer shal�' , v`_
<br /> k ot;�zi:c,^satir.z er c�e sums secu.ctxi hu�s��rricy I�scr,�t car.te�€... - t v ��s���
<br /> . � 'i's:tit'f�"''��Q[tCr+"b�`.�7"�s)TFOA-�I S�.::�'i.AC[S:Y.�es:.:.TESI. �225y?S S''.3:t b;C�:�1IlTCG�[O �4M�,k'.
<br /> ,Ei�r��;r�! ; y�, �_C�:�it�:3�UJ t�iw�tl?�II8LTi113.g��., ��: �::aa�t'va.��
<br /> ��f'�i��i�c fi�+r ,% '���F���c. ,n�rt�}j �.��x cn interest as c��iLSe to e.�� "...�Cv�:'��4T��'.I Qf Qi_`eP.iSi552 _^•.'�3i rrs��,r.nr
<br /> �s• P�;`i�f �'���` of the �ucns s:5u�i b} d�����acurit} EiL�mr�i�t by reason of any d�z.-ht �..�:'�f =he ori=-� ��:.���-x�c r r r�a-�s ,,..R��. -.
<br /> ;�,;",?,.�,`;:;::"r.`t successors in i�t�-i...� An}-f�rrbearan��g E.�e�er in exercising any righq or cemed�sha�i aat bg a u�e�c�f or p-eciude.i:� ��;x`�"
<br /> �� >:�,.:,,;� . �`�"S `�-
<br /> f�;" � '`'lr eaercise of a�r�gR;2 ur eesnsd}•. _
<br /> .�: .�,. 12. Succ�ass anc!�s�ounil:�oint and Several i,iab{�ity; Co-sigeQas.'6lte covQna�ts und agreeanents of this
<br /> � �,•�;� Security Insmiment shall bind and benefit d�succ�essors and a+signs of Lender and Borrower, subject to the provisions of ��•:
<br /> �"":'�;"' ..";"�': h l7. Sorrower's cavenaA:s and a�•seerttents shall be joint and scvetal. Any Borrower wbQ co-signt: this Security ��-.,
<br />_ �•• ..�.. •.... •,_. .L paragrap ,.�.
<br /> •:';,�•'> Instrument but daes not execute the Note: (a) is co-signing this Securiry Instrument onty to mortga�e,graat and convey tha[ �,_,_,
<br /> ' ' -?� � Borrower s interest in the Property under the terms of this Security Instrumen�(b) is not personaiiy obligated to pay the sums �r--_
<br /> ' • � `.�.''':;;. secured by this Security Inmaenent:and(c)agrees that Lxnder and any other Borrower may agree ta extend. modify.forbear or �;'_;�
<br /> � �.��;,i mtttce any a�xommodations witb resard to the tertns af this Security Instniment�r the Note without that Borrawer s consent.
<br /> ttc
<br /> � .• � 13.Iaan Cdar�es.lf tfie loan secured by this Se�vrity la,trument is subject to a taw which sets maximum toan charges. ��.
<br /> and thut law is finally interpreted so that the interest or olher loan eharges collect�d or to be collected in wnne�Kion with the �.,:��:
<br /> . ' . ; �. luan excced the permitted limits,then: (a1 any�uch loan ch�rge�hall be redw:ed.by the umaune necessary to rcduce the charge .���-
<br />. •.:y., ,'.� ,� ••, eo tha permittcd limit:and(bl any sums alrcady colle�KCd i'ram Borrower whirh excceded permitted limits will t+e rcfund�d to �,_°�,.,,;;.:_
<br /> • Burrna�er. l.enQer may choose to make this refund by reducing the principal owed on�er the Note or by making a din�t ��
<br /> �;•�;°.� poymcnt to Borrowcr. if a r��'und redaccs principal. the reductinn will be treated as a.partial prepayment without any - _
<br /> — — pnTayment cf�arge under the hatm.
<br /> � l�.Noticec.Any notioe to Hana�ver pmvided far in t his Security Instrurr�en t s Da l l b e g�v e n b y deiiverin g it ar b y maiiin S --
<br /> � '�` it by first class mail unless applicabl��la�v requires u+e af another method:The notice ahall be directed to the Rraperry Address _.-- _
<br /> or any ather addresti Barrawer derigr►�r.s by notice to Lender. Any notice to Lender sMll be given by first clubs mail ta -_-_
<br /> Lender s add�ss stated herein ar an���her address Lender designates by notice t� 84ttvaer. Any noace provided for in this :�n.
<br />' � ' Security instrument shall be deem�ct ta�'ave been given to Borcower or l.ender when�iven ug provided in this parageaph. _____
<br /> �`.t 15.Governing I.aw; 5e��111ty. This Security instntment shall be goveracd•by federal taw and the !aw of the -.
<br /> jurisdiction in which the Proper[y is tmcated. In the event that any provision or ctause of this Searity Insuumesit or the Note _
<br /> � ,•°•' ' oonflicts with applicable law.sud�eonflict shaU not affett ather proviswns of this Sec�uity lnstrament or the Note which can be _.
<br /> a�
<br /> -� • given effect withaut the conflicting prnvision.To this end the provisions of thls 3ecuriry Instrument and the Note are declared ;��._;.,
<br /> • to be severeble. -=°•_
<br /> ' � 16.Borrower's Copy.Bocro��r shall be given one conformed copy of the Note artd of this Security InstNment. ___-- -
<br /> - � �"..� 17.7't�ttsfer o!the Property or a Beueftclal Interest in Bon+uwer.If all or any part of the Property or eny interest in it :�:�;;
<br /> � � � is sotd or transfened(or if a ben:ficial interest in Bormwer ic sold or transferred and Borrower is�tot a natural petson)without �_�'
<br />- �� - ��;�; Lender's prior written cansent. Lender may. at iu aption. require immediate payment in fuU aff all sums secured by this =�-
<br />_ •• ' .���,`' Security Instrument.However,this option shall not be eaercisod by Lender if exercise is pmhibited by fzdesal law as di the date �:-:: .
<br /> � :: ,,:,; �.
<br /> • • ;:�:,, of this Security lnstrumert.
<br /> -` ''``���� �.. � If Lendcr exercises this option,Lender sl►all give Borrower notice of acceleration.The notice shutC pravide a period of rtat ���
<br /> . �y less than 30 days from the date the notice is delivered or msiiled within which 8onower must pay all�sums secvred by this �:_
<br /> m
<br /> - • .� ;i'�=1� Security Instrumene.lf Boaowcr fails to pay these sums prior to the expiratian of[his period,I.endar nury invotce any remcdics
<br /> - �� � .. �',"� ermitted by th�s Security Instrument without further notice or demand on Bonowes. �?"`
<br /> P i ,=
<br /> � •` 18. $osra�ver's Right to Relnstate. IP Bc�rcower meets certain cunditiora. Borrower shali have the right to have ' ..
<br /> ..' enfarcement of this Securiry lnstrument diswntinued at any time prior to the earlier of: (a)5 days(or such othcr period as �_„�;.:.'
<br /> • • ��� .�`� licable law may specify for reinstatemenq before sale of the Propetty pur�uunt to any power of sate contained in this � � -
<br /> -. • '1..•� ' • '�t Security Instrument:or(b)entry of a judgment enforcing this Security tnstn:ment. Those conditions are that Borrower:(a)pays
<br /> � Lender all sums which then would Ce due under this Security instrument and the Nore av if no acceleration hud aceurted:(b) , .. �
<br /> - cures;u�y default of any other covenants or agreements;(c)pays rill exper�es incumed in enforcing thia Security 6nstcument.
<br /> _ ' including.but not limited to. reasonabte attomeys fec�::uid ld)takea such action aw Lender may reasonabty reyuire to assure
<br /> � , � � that the lien oi this Security instniment, Lender's rights in the Property and Borrower's obligation ta pay the sums Secured�y
<br /> -. � � thls 5ecurity Instrument shall continue unchanged Upon reintitatement by Borrower, this Security instrument and the
<br /> _ .. ' ` obligations secured hereby shall remain fully effective as�f no acceleration had;.ccurred. However,this right to reinstate shall
<br /> � '"'', ! not apply in the case of acceleration under paragraph 17.
<br /> _ ' 19. Snle of Note; Change of Loan 5ervicer. The Note ur a partial interest in the Note (together with this Security
<br /> _ •.',;�';�, lnstrumenp mtsy be sald one or tt�ore times without prior notice to Borrower_ A sale mny result in a change in the entity(knowa �
<br />-=�'`F,� � a�the"Loan Servicer")that coltects manthly payments due under the Note and this Security instrument.There also muy be one •
<br /> ;: ,`���{s . _�.; .,�:.'
<br />�':. �;;..f,,�. � or mom changes of the i.oan Servicer unrelated to a sale of the Note. lf there is a citange of the Laan Servicer.�orrower will be • ..
<br /> ' 1% ,-..-;,°y,;; given written ccotice of the change in aocordance with paragraph 14 above and applrcaD le law.7'he notice wi l l state t he narne and
<br /> -_ � . ;,r�,�
<br /> -- . ;;�.r�i���;�, addres�of t��m°rv Loan Servicer and tQe�x�idress to which payments should be made. The notice will also contain any other
<br /> �=-'��• : .;,;«;�;at�;�� isfen:�iba*e+;aired by applicabfe law.
<br /> _��`'.r.,��.� : .,}�:�:`�;�' 3ih. �r8ous Su6sQaa�es. Bona�:r shall not cause or permit the preser.ce.use. dis�. stora�e.as release of any ;' .
<br /> 7,�1�.;'�. �•.'�`;`s'��,;�,�;', .
<br /> . �,�,,.,. � bi;zzardous S�i;stances aa cr in the �aNe*ty. Borra�4•�°� shall not do, nor allo� anyone etse to Qo, ��y��:�-c affecting the ',�';`,
<br /> `., °: ,� .,.;;.r;;;r.:. P rope r t y c.'�:� is i n v i o l a r,o r c�;f a n y E n v i r c:t.^�e n t a�L�'t_ T h e p r e c e d i n g t w o s e r�e'L.�s shall not z�t y tQ c.'.e�:ti�sence.nse. or r5•:;,::.
<br /> '. t � "�:;�}+�;;;' storage on:ice e�roperty of small quar:titi�ef Ha�rd•���s Substances that are ger.eraily reco�.i,a°.,c."to be ay�,svrriate to r.ar,.�l �.;?..
<br /> :�.:. . ,
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<br /> .. -.__.:_--.�_�er5?,i�: �Sldenti3i_�_'S�d M tmintetrdnce nf the Pt.�perty t` ��
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