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<br /> " sybxt�►ntialty equlvylent ���6�IC�Q�Vtf�$¢1P��aV�IIdbIC, Bormwer shall pay to Lender cach month s sum equol to
<br /> • one-twGlfth of�he yearly e int prcmium being poid by Borrower when the insurance cuverage lapsod or ceasai to
<br /> bc in effat.L.e►xier wlll ee; , !'ec�i��cs�l*Yi��is os a lifsa rcserve in lieu nf mort�nge insurancc. Losy reserve�
<br /> paynxnte nwy no lonSet e the� i`n otl..e�8er,if nx>rtgnge insurunce coverage(in the amount�ux1 for the period '
<br /> that I..cnder rcquires)prcevid by an in,r•urer approved by Lender again becames availehle aixi Is ubtni�xcl. Borrower shull pay
<br /> thc prcmlums requiral tn maintaln mortgage insurance in effect, or tn provide u Io55 re�erve,unUl the rcquirenunt f'ar mort�ugc�
<br /> inaurunce ends in wccordaixe wlth any wrltten agmement betwcen Borruwer uixi Lxixlc:r or ApP�icablc latv.
<br /> q,��qpectlon. I.,ender or its xgent may mukc reaconable entrfes upon and inspectionr of the Prv;peny. l.erxlcr shall give
<br /> Borrower notice at the time of or prior to nn inspection spa:ifying reason�bls cause for the inspection,
<br /> 10, Condemaatbn. The prc�ceeds af uny uwarcl ur claim fur damsges, direct �r consequentiul, in cannectiun with uny
<br /> conciemnutinn or olher taking of any part of the Pmperty,or for conveywnce in lieu of condemnation, are hereby utisignai+�nd
<br /> +{�aU be paid to L�:n+lcr.
<br /> In the ovent of a totat taking of the Property. the proceeds shall be epplicd.to ihe sums secured by this Security In.uun�ent,
<br /> whether or not then due, with any cxccss paid to Borrowcr. In the event of a partiul taking of�hc Proporty in which the fair
<br /> market valuc of the Prapeny imnudiatcly t�efnrc the tnkins is equul to or greater than thc amount of thc sums sccurcd by�his
<br /> Security Instrument immedlately before the taking, unless Barzawer acxl Lender otherwise ugree in writing,the sums sec:urai by
<br /> this Security Instrument shull be ruiuced by the amount of thc procads multiplfed by the following fraction: (u) the t�tul
<br /> amount of the sums securai immeciiately 6efore the taking, divided by(b) thc fair market valuc of the ProExrty immediutely
<br /> before the taking. Any balance shell be paiu' ro Bonower. In the event of a partial taking of the Property in which the fuir.
<br /> market value of t}ie Propeny immediatety before the taking is less than the umount af thc sums securrd immcdiately before tha
<br /> taking,unless Borrower and Lender otherwisc agree in writing or unless applicnble law othcrwisc provides, the proce¢d�shall�
<br /> pt;ap(.r�icti iu i�"ic Sui:l;a�.:.�:°.�ti�:ti���`=�uflt��lnsm�ment whethcr or not the sums are then due� _
<br /> [f the Propeny is ebandoned by Borrower,or if, after notice by Lender to Borrower that tne condemnor uiie;w iu�n�n�e ar�
<br /> award or settle a claim for dumages, Borrowcr fails to respond to Lcider within 30 days after the date the notice iN givvn,
<br /> Lendtr is euthodzed to callect anci apply the proceeds,at its option,either to restoration or repair a�the Pmperty or to the sunts
<br /> socu�od Dy this Socurity Instcument,whether or not then due.
<br /> ([nie.�s LenJCr and Borrawcr othcrwise ug:ee 'sn writing, anj`:ap{�1i►cution of ptocads to principal shxll nct extand or
<br /> postpane the due datn uf the monthly payments refertal to in iragraphs 1 a�nd 2 or change the amount of tiuch payments.
<br /> 11:lTonbwsx�ot Relea+ed;Forbearance BY.I.ender�ot u walrer.Eatension of the time for prvment or modifioatian�•
<br /> of amortization of tha sums secured hy this Security Instrument granted by Lender tn any successor in inte�st of Borrower sltnll;�•
<br /> not operate to roleasa ttte It�bility of the original �arrower or&�rrower's successors in interest.l.ender sfenll not be required tq
<br /> commw�ce proceedings against any successor m interest or refusc to extend time for payment or othervvise madify amorti�.atinnti�
<br /> of the smns secured by ►his Security Instrument by reason aF nny demand made by th,e original Borrower or Bqt�:oW�r'.s
<br /> successors in interest. Any�forbnarunee by L.ender in exercicing any right or remedy shall not be a waiver of or prcol��d�t �hQ
<br /> exercise of any right or remr,dy. .
<br /> � 12. 5uccessors xnd Assigns liound; Joint and Several Llabilfty; Co-signers. Thc covenants ur� agrxments of t1�i�� . ,
<br /> Security Instrument st�aU bind xnd benofit the succeasors and assigns of 4ender and Bottower. subject to the provisions u►,
<br /> paragraph I7. Borrower's covena�lts and agreements shali be joint and several. Any Borrower who co-signs this Saur3ty• �
<br /> Instrumunt but dces not execute the Note: (a�is co-signing this Security Instrument only to mortgage, grant and rnnvey thnc
<br /> ttorrower�s iniece�t iu t{ic F�ok�ty unQsr ttia:erm�af th':s�cur;�y inctrunxnt: (.b) is nat pes7;onaUy obligated to h�y_dio sumF
<br /> securei},by��s Secu.itY Instrument;and(c)ugrces that Lender and any other Borrower may s�gree to extend,mod�ty4;turqe�u+�r,
<br /> mako any accomm«dntions with regard to the terms af this Security Inst�urmnt or the Note without that Bl�i�ower's tont�.h�t. : .
<br /> 13.[.oan Charges.If the loan secured by this Security Instrument is subjxt to a law which sets rn�ctmum loan ctuirges. .
<br /> i_.__._,.,,.+ •.. .►...��hn intnrnaf nr�fhf`� Inan char¢�s colleCted ur to be:colleGted i:a cont►ection�v11h the -.�� ,
<br /> AIl(1 1081�UlW IJ IIINIIIy tutNN�v�w o+� �•....--.-^"""' '
<br /> lowa excee�the permitted limus,then: (aa any such loan charge shall be�reducal by the amount necessa�y to rcduce i:ne c��x�KC ,
<br /> to the�ermitted limit;a�d (b)any sums already collectal from Borrower whiah exceodzd permitted limits will be rcf�inded to
<br /> Borrower, Lender rr�y choose to make this refund by ralucing the principat owed under the Note a'r by meking a direct
<br /> payment to Bocrowe.r, if a refund reduces principal, the roduction will be treatal as a pertial prepayment without any .
<br /> prepayment charge,under the Notc.
<br /> 14.Notkes.Any notice to Borrower provided for in this Secucity Instrument shall be given by delivering it or by mailing
<br /> it by first class mail unlcss applicable law requires use of nnother method. The notice shall be dirxted to the Property Addras
<br /> ar any other address Borrower designates by notice to Lender. Any notice to L.ender shaU be given by first class mail to
<br /> Lender's address stated herein or any other eddress i.ender designates by notice to Hurrower, Any notice provided for in�his
<br /> Securit�Instrument shall be damed to have been given tu Horrowcr or Lendcr when given s.s provided in this paragnph.
<br /> 1S.Governin� I.xw; Severabi�jtY• Th�s Secnriry Instrument shall bc govemed by foderal law and thc law of the
<br /> jurisdiction in which the Property�s locatal•In the event that any provision or claux of this Security Instrutnent or the Note
<br /> contlicts with applicable lsw,euch conflict shall not affect other provisions of this Security Instrurrknt or the Note which can be
<br /> given effect without the oontlieti»g provision.To this end the provisioas of this Security Instrument and the Note am declarod
<br /> to be sevecable. .
<br /> 16.Borrower'�Copy.Borrower shall be given o!x confornxd copy of the Note and of this Security Jnstrument.
<br /> 17.Tr�itt'ot the H�operty or n BetKtici�l Intere�t in Borrower.!f all or any parc of the Propercy or any interest in it • ,
<br /> is sold or transfert�ed(or if a beneficial interest in Borrower is sold or transferred and Bonower is noi a natural person)without
<br /> Lendor's prior written consent, l.ender may, at its option, requin immediate payme�nt in full of all sums securod by this ,
<br /> Security Instrument. However,this option shul! not be exercised by I.ender If exerctse as prahibited by federal law as of the date
<br /> of this Security Instrument. • •
<br /> If I.ender exercises this option,Y.e�xler shall give Borrower notia of ncceleration. The iwtice sha{t provide a period of not ,
<br /> less than 30 days from ►he date the notice is delivered or mailod within which Borrower must pay, n!I sums secural by this,
<br /> Socurity Instrument. If Borrower fails to pay these sums prior ro th�expiration of this period,I.endes•rnay invokc any rcmedies
<br /> permittod by this Security Instrument without further notice ar demand on Borrcwer.
<br /> Ig� Burrower's Ri�ht to Reinst�te. If Borrower meets certein conditiuns, Borcower shalt havc the righf to have
<br /> enforcement of this Scxunty Instrument dix�ontinued at any time prior to tho eurlier of: (a) 5 days (or such ottNCr per,iod �s
<br /> applicable law may specify for reinstute�nent) before sale of the Property pursuunt to any power of salc contafctCd in thus
<br /> Securiry[nstrumerrt;or(b)entry of a judgmsnt•enforcing this Security[nstrument. Those conditions an t6ut Borrower:(�)pxy�
<br /> Lender ull sums wh?ch then would be due uixiet this Security Instrument and the Note as if no accCleration hi►d occurred:tbY.
<br /> c�ures any default of any aher covenunts ur agreements; (�) pays all expenses incurrai ln cnforcing this Security instcument:
<br /> including. but not limited to, rcasonuble attomeys' fees; nr�i (d)takes such action as Lender muy reasonably requir.e to assuro
<br /> that the lien of this Sccurity ltaqtcument, Lender'S rightu id the PropettY and Bonowe.s's.obligation ta�ay the sums ucured bY
<br /> this Security Instrument shat� rontinue unchunged. Upon reinstaicment by Borcowlr, this Security instrument aixi the
<br /> obligations secured hereby shull remain fully effectiv�as if no ucceleration had occumed. However, this right to reinstate shul[
<br /> not aFp1y in ti�c casc of ncccieraiion unuor ��u���`.. .�.
<br /> ' 1;. S�le of Nute; Ci�i�:.�e af Loan ServlcPr. The N�ite or e panial interest in the Notc (together with this 5ecuriry
<br /> Instrument)may be sold one o:•morc times without prior no�ice to Horrower. A sate muy result in u chonge m the enti[y(known �
<br /> as the"Caan 5rrvicer")that collects monthly payments due under the Note und this Security Instrument. 'Y'here ulso may be one �
<br /> or more chang�x of thc L.oan Scrviccr unrelatcd to a salc of thc Note.If tltcre is a change of the L,uan Servicer, Bnrrower will be
<br /> gfven written nc�t�co of the ctiange in accordanee with paragrftph 14 above mid applicabte law.'the notice will state the neme and '
<br /> �dress of thc new Loan Servicer and the eddress to which payments should tic madc.Thc notice will also contain any ochcr
<br /> information required by applicable IaH�.
<br /> 20. H�taardous Substances. Iiorrower shall not cause or p�.rmit ttie presence, use, Jisposal, storuge, or relcase of any' '
<br /> Ha•rardous Substances on or in 1he Propeny. Borrower shal! not do. nor yllow� unyor�e else tn do, anything uffecting t}ie
<br /> propr,rty that is in viotation of any Envirunmentut L.aw. The preceding two xntcnces sh�ll not apply to the prescncc.uso, nt
<br /> storase on the Property nf small yuantitics of HazdrJous Substanccs thot•rre gcnerally recognized to be uppropriate to norma!
<br /> residential uses aixl to muintcnancc of thc Propc:rty. ,
<br /> Pa{y 3 uf 4 ���28 ���
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