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<br /> • rubspmtially cyuiv.dent nwrtbuge insurnncc cnvcrugc iti nut avuiluhlr, 13�irruwrr,liall ��ay tu l.�n�lrr e:�rh iunnth ❑ .um rq�r,d in
<br /> ' une-twclfih of'the ye�i�ly murtgage insuruncc prcniium h�in�paid hy B�irrnwcr��hen�hr in,ur.mc��r„veragr lapud ur rca+cd lu
<br /> hc in cffcet. I.cndrr�:�ill acrept, use i►nd retnin Ihr�i•p�iyn����l.r i�s ,�In�ti re:.rrrc in licu �,I iw�np;�Er III�Ufill)lC. I.U]S ri�,�rvc
<br /> p�iymcnt,may nn IonEon c�rcquired, iu thc upciun nl Lcndcr. if mu�ltii��c In�urinrr rrnrr;i�r un tli�;unuim� uu�l i��n ihc peri�xl
<br /> ihut l.cndcr rcquires) pruvidcd hy;u� in+in'er uppl'�n-«I hy L�ndcr:iEain h:��mic� :�tniL�hl� �m�l i,nhl;iini�l. liim'u�v�r.h�ill ��;iy ��
<br /> • 1hr prcmiuinr rc��uirrd to uuiinl,un m��rt�:;i�r iutiur:�n�•��in cllcr�,ur tu�»•�,vld�,i I��,�i��,ci�r, un�il ilic rr�pnn•m�ni tiir murt�t:.�t.,�� .
<br /> intiuranrc cnd.r in��erurdnncr wilh any wrlU�n aprccmrut brlwcen{iurr�i��cr z�ud I..rndri ur:q�pliruhlr I�n��
<br /> 9. Ins{x�'Uon. l.cndrr ur ittin�cnt ntuy makc rc,�+unuhl�' l'llll'll'ti II�NIII :uxl �u�prcwro,��I Ihc I'n�p�ii5•. I.�n�l�r,hall Hi��
<br /> liurruwcr nuli�c nt�Itc�Imc ut ur pri��r tu un inti�krliun ti�xrllyin�r�utiunuhl�• rmi,�•I�u Ih�� iu�pc.u�m.
<br /> 111. CondcmnuUnn� 'I'hc pnkc�ds ut'nny nwurd ur rl�imi I�u•duuwprti,dhcel ��r iuii,ri�nrnUnl, in r�mncrliun �villi +u�p '
<br /> conJcmn;ition ur�qher tnkin�!al any� ��arl uf lhc I'ru�krty, ur liir r�nr:r)ancr in(�cu��I a�ndrninuuun, un�liru�l�y n,�,i��n�til und
<br /> shall tx�puid to Lcndcr,
<br /> In tlic cvcnt uf a tutul�uking of thc I'ro�krty, thc pnxccds,hall br applicd i�. ihc ,um��ccurr�l I,y ihi.5r�urily In.tnimcnt,
<br /> whcthcr or not thcn duc. with uuy cxr�ss p;ud lu [ii�rruwcr. In Ihc���enl ut��i pani;d l;il,inE nl thr Pru�u;rty in ►�•lilrh Ihc fuir�
<br /> ntarkct vnluc af th� PruFx:rly innncdiat�ly hcturc the u�king ir �qui�l tu ur�rcalcr Uum ihr mnuun�nf thc�unn ,crur��d hy ihb
<br /> 3c�urity Instruntcnt immriiii�tcly I,efiirc thc takin�. unlo�s Hurruw�r and l.�udcr otlicrwi�r ugra: in w•rilhig,thc tiunte utcuit,d by,
<br /> this Securiry Instrument shull be reduced by the smaunt uf Ihe prac�eds mid�inli�d hy the f'ulluwing fiar�inn: (nl thc tutal
<br /> nmount of the siuns se�urcd immcdiiucly before thc tuking, dividcd by (b) thc f'air murket valuc nf thc Pn�{r;rty imi�ie�.litetcl)�
<br /> beforc thc tnking. Any balancc shull bc paid to Burrowcr. in thc cvcnt ut' u purtiul t�ikin�* c�f thc Prnp:rtp in which the+ �nir
<br /> markct vuluc of'the Praperty immediately beforc thc tuking is Ics+thun the amnunt nt�the sums ,ecur�xl inuncxliutoly bCfuru th��
<br /> taking, unless Borrower and L�:ndcr othcrwise agrcc in writing or unlcss applicablc luw c�thcnviyc priwidcy, th�{rrn►�cecls st��ll
<br /> hc applied to thc sum,,ccured by ihi�Scrurny Instrumcnt whethcr ar not the Sums ur�then duc.
<br /> lf the Property is abandi>necl by Borrower,or if. uRer noticc hy l_ender lo Buir��wer thai thc r��nJenuxn•nflbr�,tci m�i�:�an
<br /> award or settic a claim fnr damages, Dorruwer f.►ils to re+p�md to Lcnder �eiihin 30 day�aFter th� daA� [hC �tiulla: i��ivcn.
<br /> L.ender is authorized to coilect and apply thc pr�xccds, at its uptii�m,either tu restoraliun ur repair uf tlt:Ntu}rrly ur to lhe sum�
<br /> securcd b>�this Security Instrument. whether or not thun duc.
<br /> Unless Lender :ind Borro�ver atherwise agree in writing• anY upplicaiion of' pruceed� to prin�ip,il shall not extend or
<br /> postpone the due date of the manthly payments referred to in paragraph� I and 2��r change the amount of,uch paymenes.
<br /> Z�, A�►rrnwrr Nnt Released:Forbearance Hy i..ender Not a Waiver. Extension ot'the time ti�r payment cr mcxlification
<br /> of umonization of tlie sums secureJ by this Securi�y lnstrument granted by Lendc:r tu uny�ucce+,or i�i intcrest of Bc�rron-er shall -
<br /> not operate to releuse the liability of the original flurzower or Borrower's succe��ors in interest. Lender shnll not be required to
<br /> commenc:prcx:eedin�s against any successor in in�erest or refuse ro extend time for puyment or othenti�ise mc�diPy amorti�ation
<br /> of the sums secured hy this Secunty Instn►n�ent by rcason of any dem�:nd made by the original Borrawer or Bnrrower's
<br /> succcssors in interest. Any forbearance by l..ender in exereising any right or remedy shtill not be a �vtiiver of or preclude the
<br /> exerci+e of any right or remedy.
<br /> 14i �µµ���S ���� �,�,_,osti�� R����.�;,��tnt and .r+everal Liabtlity; Co•si�ners. The covenams �nd agrcements of this
<br /> Security Instrument shnll bind and benetit[he successors und nssigns of Lender unJ Hnrrower, suhjcc� iu ii�c N����s�:.r�, af
<br /> para�raph }7. Rorrower's covenan[s and aereements shall be joint and severAl. Any Bort�ower who co-signs this Security
<br /> lrst:!!lT:CRI�'UI �n�c not execute the Note: (a)is co-signing this Security Insrrument only w wo�zgaR�, b::.nt an�nvey thnt
<br /> Borrower's interest in the Property under the terms of this 5ecurrty Instrumcm: tdi is nu� prr,.niaf�v �����$a.:,d io she�ams
<br /> secured by this Security Tnstrument; And(c)agrees that Lender und any other Barruwer map agree to extend, mcxiif'y, fori�ear or
<br /> mnke any accommadations with regard to the terms of this Security instrument a.r the Note without that 8oreower's conseitt.
<br /> 13. Loan Charges. If the loan secured b}•td�is Securiry Instrument is suh}ecr tn a law which sets maximum loan charges,
<br /> r...��. : ...,.d.•..�hnt�hs. inrr+rrct „��rh�r loun ehar�es mllected or to be eollectecl ia eonneetion with the
<br /> una cnai iaw �a �u�au� .::C:Y�...w..., ...... ..._ ..... �.... .a..,.ti�.
<br /> loan exc�cl the permitted limits,then: (a)any such loan charge shall be reduced by the amoun[ne�:essa�y i���..u�.......�.�,�.e"=
<br /> to the permitted limit;and (b) any sums already collected from Borrower wliich exeeecled permitted limns will be refwxlecl to
<br /> Borrower. Lender muy choose to make this refund by reducing thc principal uwed under the Note or by nwking a direct
<br /> payment to Borrower. If a refund reduces orincipal, the reeiuction w�ll be treated as a panial prepayment without any
<br /> prepayment char�e under the Note.
<br /> 14. hotices.Any notice co Borrowcr provided for in this Security Instrument shall bc given by dclivr,ring it ar by mailing
<br /> it by first class mail unless applicable law reyuires use of another methai. The notice shall he dircr[ed to thc Property Address
<br /> or any other :iddress Borrower design�tes by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> [.cnder's address stated herein or any other address Lcndcr designatcs by nocicc to Borrower. Any notice provided for M Ihis
<br /> Security Instnrment shull be deemed to have been given to Borrowcr or l.ender when givcn as provided in this paragraph.
<br /> l5.Governi� Law; Severablltty. This Securiry Instrumcnt shall be governed by fcderal law and tha law of the
<br /> jurisdiction in which the Propeny is located. In thc event that nny provisicm or clause of this Sa:urity Instrumcnt or thc Nota
<br /> gi n�effectrwiliout�hle c nflict ng provision�ITo this enci the pr�ovi ions of�t�issSecur qylnstrumentt ndt heNNot ohreCd�tilurecl
<br /> to bc severable.
<br /> 16.Borruwer'y Copy.BorroMrer shall be given one canfonned copy uf ihe Note unJ of this S�uriry Instrument.
<br /> 17.Transfer af the Pru{x�rcy or a BencSiclal Interest in Borm��er. lf al l or any part of the Property or any interesc in it
<br /> is sold or transfcrced(or if a benefic�al interest in Borrower is sold or trsnsfcRC;d and Borrower is nut a natural person)without
<br /> Lcnder's prior written ronsent, Lender may, at its option, reyuin; immediute payment in full of a�l sums securod by this
<br /> Security Instrument.However,thes uption shull not be exercised by L.ender if exercise is pn>liibited by fctleral la�+�as of the dute
<br /> of this Securiry Instrument.
<br /> if Lender exercises this o{xion.Lend�r�1�a91 give Borrower notice of acceleration. The notice shall provide a period of not
<br /> less than 30 days from the dare the r►otice is�".�livered or mailed within which Borcower must pay all swns secured by this
<br /> Sccurity Inswment. if Bonower fails to pay ttY:se sums prior to the expiration of this period. Lcndcr may invoke any remedies
<br /> permitted by this Se�:urity Inst►urtx.nt wi[hout further notice or demand on B�rr�wcr.
<br /> — Ig, B�►rrower s Right ro �Rt+nstate. If Borrower meets certain conditi��ns, &�rrower shall have the right to nave
<br /> enforcenknt of this 5ecurity Instrument discontinued at:�ny tinx prior to tlie,earlicr of: (a) 5 days (or such other periai:�s
<br /> applicable law may specify for reinstatenknt) before sule uf the Property pursuant to any power of sale containod in this
<br /> S�tiuritv In,�runxnt:ur(b)entry of a judgment enforcing this S�.�urity Inytcument. 'i'hose condiliun�;are that Borrower.(a)pays
<br /> L.ender:ill aums which then would be due unJer this Security lnstrununt aixf the Note as if no itcceleration had orcurced; (N)
<br /> cures aa�• default uf any othcr covenants or agnements; (c) pays aU expenses inrurred in enfurcinti thia Securiry Instrument.
<br /> inrlu.d�:ts. but nut limitrd ro. rwsuuablc attumey�' fccs; und(d)tske+such artion a+ Lcnder may r�asanably rcquirc to assure
<br /> that dte lien of d�is S�tiuriry In�trumcnt, Lcixler'�rights in thc Prupeny and Borruwer's obligation to pay tttc sums securoJ by
<br /> this 5ecurity lntitrument yhull continue unchanged. Upon reinstatement by F3urrower, this Sccurity Instrwnent and the
<br /> _u:__.:_......�e...�....1 hNrahv.h:Jl ren�in fullv eCfective�s if no uccelerrtion had occurrcd. However, this right to rcinstute shzdl
<br /> .,�..�a....�....,........_.._.__, _... _
<br /> not apply in the case of accelc�ation under paragraph 17.
<br /> _- ,.._ T�._ ��...� ,,: �,,.,.,;�i ;ntrmct in �hc N��tc (W�ethcr w�ith this Sct:urity
<br /> - l9. 5ille 0( Irote: �.Iwll(�n ui i.�wu uc�..«.. .... ..... ., r.--.._
<br /> InstrumcnU may bc sold one or morc timcs without priur noticc to Borrowcr. A salc may result in�t changc:in thc cnuty(Known
<br /> as the "Luan Servicer")that collccts manthly paymcnts duc wxicr thc Notc and this Sccurity Instrumcnt. Thcrc alsu may be one
<br /> or nwrc changcs of the Luan Servicer u�vclatcd tu a sale of thc Notc. If thcrc is a chaugc of thc Loan Scrvicer, [3�rnowcr will be
<br />-- given written�wtice of du changc in arcordanrc with paragrrph 14 atxwe aixl applicablc I:►w.'Phe noticc will state the name xncl
<br /> addrtss of thc ncw Lvan Scr��iccr ancf thc :�ldrcss tn whicb paynx:nts slwuld t+c macic. Thc n��ticc will :►Iso cun�ain any othcr ''
<br /> infarn�atian reyuircd by applicablc law.
<br /> 20. Nrtxrdous Substauces- Burrowcr tih�ll not r:wse or penuit the pnsence. usc, dislwsal, sror�ge. or relrase oi'any
<br /> - Ha-tardous Substances �m ur in thc I'rnpehy. &�rrower shall nut do. iwr aUi�w any��ne �I�r tu do, an)'thing affecting thc
<br /> Prapeny that is in viol;►tion i�f any Environnx:ntal law. 7'he prereJing tu•o ,entencca �hall mn upply tu the pmsence, use, or
<br /> aturagc on thr Property oF�nwll yuantitics of Haranluu, Subs�aitreti that an; gcncrally� rccognical w bc :�pprupriatc ro iwm��l
<br />— residential uses and to maintciuncc��f the Property.
<br /> �'_ P�a���a Form�028 9190
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