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<br /> - subs�antially'�qyt'lN1�l�nxi��I�C soverugc is not twailablc.Durrowcr shall Ir,ry ta Lcndcr each month u siu�i cquul tc�
<br /> nne-twelRh��f tfi- eurly���:�►►y►µ�x�1ce pranium beinS Pa��hY�rrc�wer when tlie in�uriu�ce c��verube lapsed ur ceused tu
<br /> xi
<br /> be in cffect. .enc�r wiU;ocye�t,�5F•rq�rcWiu theu:payinentz as u loss reservc in lieu uf mnrtg:igc insurnncc. �ns rc,crvc�
<br /> paymcntti ma��w lo��ct bK:•i�.4ultal:ut U�c.uption ot I..cnd�r. if murtgugc in,urancc rnvcragc(in thc anx�unl und I�ar thc pericxl�
<br /> that I.cnJcr r�yuircy)pruvidcd by:u� insurcr iipprovcd by LenJcr i�@ain Ix�cnmcs nvailahlc m�d is��ht��incd. [lorruw•rr shull p��y
<br /> thc prcmiumti n�quirrd to malntafn ntc►rtg;�gc i�nurecmcnt�bctwccn�llorn wcr�lnsd I�Andcr rnVappllicnl I�:�I'�v uircmcnt fur morlgug� �
<br /> �'�e
<br /> insuranc���nd,in acc��rdunct widti;utiy writt�n �,
<br /> 9. Iny{�'Uuu. [Andcr or its ngcnt m�►y mu4:c rcu+��nuhlc cn�ric� u�wn und in.�x:c�iun,��5 tlic I'ro�wiry. Lc�id�r �hnll �!v� �'
<br /> 13urr��N'cr null���ui Ihc Umc��i'ur priur I��nn ins�xcllt���s�x'�II'yl�tb rcutiullt�hic ctiuti�f��r lhc inyxtctlun.
<br /> IU. Condrnin�Non. 'fl�c pr�K�c��rt�ul'�11 C 1'W�>>��r��r ur+lin•fci nvoy+mrc�inl�liru uf runJcninnti�,�n, urc hcrcbyun�tiiNnc I u�tid Q
<br /> cnnslcnm�diun��r oihor lakin�, uf tiny �; I ' Y• 0�
<br /> shall hc puf�!io l.�ndcr.
<br /> li�Ihc cvciu uf u�utal�nking af thc 1'ruperty.thc pnxccdy+I�iill bu upplic�l tu thc tiums sccu�c�l hy thi,Sec�n•ity nslrunkn ,
<br /> whe�her ur nut then �luc, with nny cxrc,+ pnid to I��►rruwcr. In 9he evcn� uf u pur�iul tukin�; uf tha I ru�xrry in whirh the fair
<br /> markct valuc ot'thc Pmperty inumdi�icly befurc thc takin� is cyuul tu ur Err.itcr th��n ihc amouiu af nc�tiums sccurcd hy thiz
<br /> Sccurity In+�rumcnt iseinudiatcl}•lxforc thc tuking, unlehs[�orrowcr and l.cndcr oih�rwisc;�grcc in writing,thc siun� secumd Ny
<br /> this Sccurity histnu�x:nt sl�all bc rcduccd hy thc umowit of'thc pnxccd.r• multiplicd by lhc tnlluwing fructii�n: (u) thc totul
<br /> ampunt af th; su.ic; sccu.ed imnudiatcly tx:forc the takin�t. dividcd bY (b) the fuir murket vuluc of th� Propc:rty im►nediutcly
<br /> before the taking. Any ha�ance shall be paid to Borruw�r. In the cv�:nt of t► partial taking of'the Pro�crty in which the i'u�r
<br /> market valuc of the Prnperty iminediately befarc thc tnking is less than thc amount of thc sums tiecurcd immcdiatcly bciixa thc
<br /> tw�ing, �r.!ess R�rrower �uid�.ender othenvisc agrec in writing ar unl�ss upplicubtc luw otherwise provides, thc prcxeeds shall
<br /> bc applied to thc sum�se�:ure.d by this 5ec:urity instriui�cui wlicthc�i}r 7a�:he sum�nrc rhen due.
<br /> If the Propert�+ is ubaudoncd by Barrower,oc if,after notice by Lendcr to Borrowcr that thc cnndemnor otters to make .tn
<br /> •iward or settle a clu�m fur danu�ges, l3ormwer fails to respond ta Lender wiihin 30 days aCter thc date the nrnire is given,
<br /> I,ender is uuthori•r.ed to collect and npply che proceeds.ut its option,cither to restoration or repair of the Pro{x:ny or to the sum.r•
<br /> sccurcc!by this Security lnstruu�ent, whcthar or not then due.
<br /> Unless Lcnder and Iiorrawer othenvise agree in writing. uny applicution af pmceeds w principal shull not extend or
<br /> postpone the due date of the monthty puyments referred to in parugraphs 1 und 2 or change the amount of such puyments.
<br /> 11. Borrower Not Released; ForbeAra►ke Oy Lcnder Not a Wuiver. Extension of the timc far payment or mafification
<br /> of amortization of thc sums securcci by this Security Instrument granted by Lender to any succcssor in intcrcst of Borrower shall
<br /> not opemte to rele:�se the liability of the original Borrower or Borrower's succcssnrs in interest. L.cnder shall not bc r�uired to
<br /> commenc�pr���ngs ugainst any successor in interest or refuse ro cxtend time for payment or othcrwise modify amocti•ration
<br /> of the swns sec:ured by this Secunty Instrument by re.lson of uny dr.mund mudc by thc original Borrower or Bormwer's
<br /> successors in intcrest, Any forbe:►runcc by L.ender i�a exercising any right or remedy shall not be a waiver af or preclude the
<br /> excrcise of nny right or remecly.
<br /> 12, Successors and A�.�igns tluund; Joint wnd ScverAl Llabiltty; Co-signe[s. The covcnants a�xi ag�rcxments of t us
<br /> Security instrunxnt shall bind und benePit the successors nnd assigns of l.ender and Horrower, subject to the provisions of
<br /> paragraph 17. Borrower's covenunts und agrxments shall be joint and several. Any Borrower who coapS��conve utha
<br /> In;trun2ens yssr ��,rc nnt execute the Note: (a) is co-signing this Securiry Instrument only to mortgabe, g Y
<br /> Borrower's interest in the Property under the ternu at th�s aecuriiy Imt�u+���cr�t;i�)�,r.ct�rsona!!; ohhva►a�l to pay the sums
<br /> secured by this Security instrument;und(c)agrees that Lender and any other Borrower n�ay agree to ex[end,modify,forbear or
<br /> make;syi+�`ha��°If the loanr e ur`ed by hisSe:curSy In.sium nrt is subject t a�law hich�se�s max mum9lCOanscharges,
<br /> ,..,,,.,.,�,+ ,.,.�., ►.P���i�rreci in connection with tlte
<br /> and that law is finally intrrpreted so that thc nneres� or oiii�� iva���«n�sw -�••--•-- �- •- --
<br /> I�an exce,ed tha permitted limits, then: (a)any such loan churge Shall be reduced by the amount necessary to reJuce the chargc
<br /> to the permitted limit; and (b) any sums already callected from Borrower which exceeded permitted limits wi11 be refuncled to
<br /> Borrower. Lender may choose to nLZke this refund by reducing the principal owcd under the Note oe by making a direct
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepaYment withaut any
<br /> prepayment charge uncier the Note.
<br /> 14.�otiees. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mai tn�
<br /> it by first cla�s mail unless applicable law requires use of another method. The noticc shall be dirated to the Propeny Address
<br /> or any other address Borrower designates by notice to I,ender. Any notice to Lender shall be given Uv �xst cla�� ma�� �°
<br /> Lender's addcess statal herein or any otl�er address I.ender designates by notice to Borrower. Any notice provided for in this
<br /> Security Instrument shall be��b���3Y Tt isnS curiry Bn trument rshnlld be go egrncd by Pfede�1�I whand her IRw of thc
<br /> 15.Governing I.aw. Y
<br /> jurisdiction in which the Property is lacated. In the event th:�t ainy provision or clause af th�s Security Instrument or the ote
<br /> conflicts with npplicable law,such canflict shall not affect other prov�s�ons of this Security Instrunx�it or the Note wl�ich c1n be
<br /> given effect withuut the conflicting pravision.To this end the provisions of this Security Instrument and the Note are declnred
<br /> to bc severnble.
<br /> 16.Borrc►wer's Copy.Burruwer shall be givon one conformed copy of the Note and of this Secu�ity nstrumen.
<br /> 17.Trnnsfer of th�PropeMy or n 8enefictal Interest In Borrower. If all or any part of the Properiy a'r any intcrest in it
<br /> is sold or transferrcd(or if a bcneficiail interest in Borrower is sold or trunsferrcd ane!Borrower is not a naturul pecson)without
<br /> Lender's prior writtcn a�nsent. Lender m��y, at its option, rcquire immediate payment in full of all sums secured by this
<br /> Security Instrument.Howcver,this option shall nat be exercised by Lender if cxercise�s prohibited by fe+lcral law as of thc dute
<br /> oT this Security Instrument.
<br /> If Lender exercises this option, Lcndcr shall give Borrower noticc of acceleration.Thc notice shall prov�lde a period o not
<br /> lcss thc►n 30 days from the date the notice is delivered or mailed withi� which Burrower must pay all sums secured by this
<br /> Security Instrument. If Borrower fails to pay these sums prior to the expiration of this periai, I.ender may invoke any rrrxxclies
<br /> permitted by this Security Instrument witf�out furthcr notice or dcmand oit Borrower.
<br /> lA. Bc►rrower F RIRht to Reinstate. 1: Borrawer meets certain condition.,. Borrower sliall h�ve the right tn hn��e
<br /> enforcenxnt of this Security Instrument discontittued at any time prior to the earlicr of: (a) 5�1e sa}S�le contt in�inthis
<br /> applicable law muy s�x:cify for reinstatement) before sulc of tlic Property pu►suunt to any po
<br /> Sec:urity Instrument;or(b)enrey uf a judgment enforcing this Scxuriry Insirument.Those conditions arc that Ilorrower.(R)paYs
<br /> Lendcr ull sums which thcn would be due undcr this Scc:urity Instrumcnt and the Note as if no ucccleration had occurced; (b)
<br /> cures any defu�lt of uny otl�er covennnts or agreements; (c) pays ull expenses incurred in enforcing this Security Instrument,
<br /> including, but not limited to, n:usonublc uttorncys' fces; and (d)ta�syuch action as Lcndcr may rcasonubly rcquirc to assurc
<br /> that thc licn of tliis Sccurity Instrumcnt, l,ender's rights in thc Pro rt ►nd Borrowcr's obligution tu pay the xums saurcd by
<br /> tl�is Sa:urity instnu�^�ti�t h�ill rcmain fullY c fect ve a�f�no accelerationt h d ocrurred rHowever,�his riglutto�reui tat,e sh II
<br /> ubi��a���r�a•�,.;..°:..._.__. -�- -
<br /> °-s not apply�in thc cauu uf acccicrution undcr puragra�h 17.
<br /> 19. Sa{e ot Note; Change ot Loan �ervlcer. T'he Nutc or u partiul h�terest in the Note (together with this Security •
<br /> Instrunxnt)may Ix'sold unc or morc times without prior noticc to Horrc�wcr. A salc may result in a chnngc in thc cntiry(krrowri
<br /> us thc"l.oan Scrviccr")thut cnll��cts monthly pnyments duc undcr thc Notc und this 5ccurity Instrumcnt. Thcrc alsu may bc auc ,
<br /> or morc changes of thc Loi�n Servicer unmlatcci to n sule of the Note.if thcre is,�change of thc Luan Scrvicer.Bc�rruwer N�ill be ;,
<br /> given wiitt�n natice of the chunge in uccordanre with par.�graph 14 abovc and applicable law. 'Che nutice will stutc the nume and �,
<br /> Address uf the new Lnan Serviccr snd the uddress to which puyments should be made. 'fhe notice will ulso contuin any other
<br /> infornwtion rcyuired by applirablc law.
<br />— 1p, HWx�trdous Substenees. Burrower steall not cause or pem�it tlie presence, usc, disposal, storage,or release of any
<br /> Hazardous Substunces on or in the Property. Bo�ruwer shnll not du, nor aDnw anyone else tu do. anything at�fecting the
<br /> Pm}xrty that is in violation of any Environmental Iaw. The prcceciing two scntences shall nu►app�y to�h�Preti�nce• a��e• °r
<br /> storagc on thc Property of smail yuantitics of Huzardous Substnnces that arc generally re.cognizcd to lx nppropri:►tc tu normul
<br /> residentiul uses und to maintenanc�c of tlic Property.
<br /> Pege 3 ut 4
<br /> Form 3028 9/90
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