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<br /> `�_�:tk.��..;;°, • substanttally equivaleet m�rtgage insurance ooverage is aot avallable.Borrawer shall pay to Lender each month a sum equal t�;
<br /> •� • ;� ono-tarelRh oF the yearly�cnortga�e iastuanoe preauum beiAg paid by Bomower when[he�nsvranae wverage tapsed or ceaced t� •��-<_
<br /> ��� ' �Y 6e in effect.f.ender ariti acoept.nse and retaiu t3�ese paymeuts as a toss reserve in lieu of mortgage insu�ance. Loss reserve
<br /> �f. `;```�^� ': payments m�yr no tonger ire required.at the option of t�ender.if mortgage i�surana coverage(io thc amount aad for the perlod, w
<br /> - : .� tbnt Lender requines}provided by en insurer approved by I.ender again beeouies available�ad is obtained.Borrower shall P�
<br /> ` � u.,�-: the premtums requiced to maintaia mo�igage insurance in effect,or to pmvfde a toss reserve.until the requicement for arongage� _
<br /> . � .'` : i�uumnce ends in accordance with any wr�tten agreement between Borrawer and LL�eader or e�plIce6le taw.
<br /> • •,''� °�� �� 9 e�4ton.Lender or tts a eot �
<br /> :. ,< I n s p 4 S m a y m�t c g r e a s o n a b l e e a t r[e s u p o n a s W i n s p e a i o n s o f t h�P r o p e rt y. L e a d e r s h a l l g i v ey
<br /> . • Borrower notice at the time of or paor to an inspertwn sgecifying reasouabte cause for the inspection.
<br /> _ �, 10. CanAemnatton.ltte procceds of aay awaN or claiai far damages.dizect ar oonseqaential. in aonnection�W any
<br /> R '' , condemaatioa or oiher tatcing of any part of the Property.or far oonveyance in tieu of oondemnation,are heneby assigaed ead �r:
<br /> , � sha116e paid to Lender. —
<br /> ' `4'" ' :.�.; In ihe event oF a total taking of tfie Property.the pruceeds shHll6e�ppiied to the sums sec�ued by this Security Instrumeat.
<br /> -• . � whether or not then das. with any excess pazd to Soisower. In the eveat of a partial taksng of the Progerry in which the fair
<br /> <,--`-t—�'—_�,—,�Y' rnarket vaiue of the Progcrty iat�deate�be€Ore die t�g is e�aE to or geeatee ti�an the amount af t�s�s s�r�i by tlas ,,
<br /> •. � :' . Secv:ity lnstnuneat immediately before e taking.uutess Borrower and Lender utherwise agree in writing.the susas secuced by �
<br /> ' `�'•,: this Secvrity insuutnent s1iaU be reduced by the atnount of the prooceds multiplied by the foUowing frastion: (a)the total �•--•
<br /> amount of the sums secure�immediately before the taking. divided by(b)the fais market value of the Pq�perty immediately �.:_
<br /> ..:'°' ' . . . befoie th�taking. My balarfre st�all be paid to Borrower. Ia the eveat of a partial tatdng of the Propetfy ia wtuch tlze fair �,:
<br /> :. � market value of the Property imrpediateJy before the haking is less than ihe amount of the s�uns se�vred immediately before the
<br /> taking,anless Borrower aad I.ender otherarise agree in writing or onless applicabte law otherwise pmvides.the praaceects shatl �":;
<br /> • _ .^ .: _ 6e applied w the sams secured by this Security Insuument whether or not the sums ace theo due. � -
<br /> � '� �'`� : . If the Praperry is abandnned by Borrower.or if.after notice by Leader to Borrowec that dte condeawor offeis to make an ' ---
<br /> ;.�'.�t{;`` awa:d or settte a claim for darnages. Borrower fails to respond w Lender within 30 days after the date the notice is given, i�
<br /> Lender is anthorized w coltect and apply the proceeds.at its option,either to reswratioa or r�pair of the Pmperty or to the sums �'."~'
<br /> ' �'` Y sa.vred by this Security Irutn►ment,whether or not then due. ' �' °
<br /> - -'�..•`'.::�: . Unless l,eader and Bonower otherwise a m writin aa �'�
<br /> gree ' g, y apglic�tion of pmcea�s w principal shall not extead or � _.
<br />. . . postpone the dus date of the monthly paymenu referred to in puagraphs 1 and 2 or change the anwant of such payraeuts. _�
<br /> 11.Bormwer Not Reieascd;Forisearaaoe By L�der Not a Waiver.Exteasion of the t�me for paymeni ar mQd�fication ='-
<br /> :.� --'
<br />:." �4_`:r' ,�.:�°• of amortiza6on of the sums securei!6y this Security Insm►ment granted by L.ender to aay s¢ccessor in taterest of Barmwer shall ��-
<br /> + ';.:� . aot o�erate to retease the liability of the original Bomawer or Borrower's suocessors in interest.Lender shafl uot be required to --
<br /> ;��_.,_.:<'__ �-• com�mence roceedin • --
<br /> p gs against any successor in inte�st or refuse to extend time for paymen¢ar offierwise mod'ify aznortiration
<br /> �` af the sams secured by this Security Iasm�meat by reason of arry dem�d made by the originat Borrower�r Borrower's °"' '
<br /> i saccessors in intec�st.My forbemance by I.ender in exercising any rig�t ur temedy shall not 6e a waiver of or preciqde the �
<br /> .:'��. exercise of atry dght or remedy. � __
<br /> ., s� .•,: 1Z. Saccessors�d Assfgns Botmd;Jaint and Several I�abitit�, Co-st�aers. 1T�e covenanss.and ageemeats of this
<br /> . m:��:-�. Saa�rity Listrament shall bind and be�fit the saooessors aad assigas of Lender aud Bmrower, suia3xt to the prnvisians of • --
<br /> :r' . p�raph 17. Borcower's ooveaanis aad agreements shaU be jourt and severai. A�+ Borrower who co-sigas this Security ---
<br /> `•�" 3 ;�;� Ia�tument hut daes not exe�ute the Note: (a)3s co-signing dus Security tnstrument anly io�tportSage,grant aad sonvey that —
<br /> <`;}>. . ;:. . :,;�.- Bormwer's fnterest In the Pr+a under the tenns of this Secari Iastnuueni:(8?is mct personall obli ---
<br /> ' � � �� T�Y tY Y ��DaY the swas
<br /> '�`"%;,.. .�� : •*;; secured b this S
<br /> .:�.c Y �tY I�s�am�t;and(c)agrees tl�at Lender and any other Bomow�t�y ngm:e to extend,modify,forbear or
<br /> � �s-;�" , ;� '� make auy acoo�mad�ons with cegard to the�of tlus�ecurity lnstrumect or the N�lvithaut t�t BormweT's consei►�
<br /> • '. �`'.'� 13.Loan Chatges. If the toan s�ctcred 6y this Security Instnunent is subJect m.a taw wLich set�maximum to�n cflutges, —
<br /> �i .•A. i
<br /> �' � �� ��` and that taw is finally interpreted so that the interest or other loan charges collect�a7 ya Ue ool2ec�xi.im com�sti.on witb the
<br /> �;�'�. ,; • t�� .
<br /> � �s_ toare exceed the pertnitted fimits. then:(al any such loan charee shall be reduced by ti�acn.�uni�m ro�noa�tte charl:e
<br /> ",�'°;7�,� , to the.permitted limit:and(b�l anY sums�akeady calletted from Bormwer which egoe�.�era�itt�,.Ci�',s wi��e refunded�n �
<br />. '';:,:';;��.,',:�•' � �'; _
<br /> •:_,��r?���;r�:• _ ..:�.�► Borca�Rer. Lender may chbos�,ta make this refund by reducing the princlpal owed �ndes the Ncs�or by makiag a direct =
<br /> ., . , ;: ,.:.���,.� paym�i to BonoweT If�a r�qnd redaces priacipaf, th�.re�daction cn7.i be � a� a P��P�"�Yraeni wiihout atry =
<br /> ��'''-.?y} P�FBY��uuder the Note. ' •� , °
<br /> • . =� H$.Not6�.�notice to Borrower provided for in this Security L�ament sha116e grven by detivering it or by maiting .
<br /> ' _ a3 • it by�fisst ciass maii untess applicabte!aw teqnires use of aaother method.The norice shaA be directed to the Property Addres� =
<br /> :. ' •, w� or anv a2i�r address Borrower designates by potice to I.ei�der. Any notice co Lender shall be given by first ciass mail to �
<br /> , � Lender's aitdress stated herein or any other address Lend�t d�signates by nodce to 8orrower.Any notice�rnvfded for ia this
<br /> � Se�curity Iostmment shall be deemed to have been given to 8orrower or Lender•when given as provided in ttus paragraph. '
<br /> ° t� IS.Govetning Law; SeveraDilfty. Ttus Secwity Instrument shall be govemed by federal•law and We taw of the
<br /> '`�,,� �� >� jurisdiction in wh3ch the Frope»y is tocated. ln the evem tt?ai any prwision or clause of this Se�rity Instmmem or the Note�
<br /> . :�; ,:.;�. {`,•i coufiiets witb applicable law,suctj wnflict shall not afferi a`:':�r provislons of this Security Instrnmeni or ihe Nate which can be __-
<br /> �S,�q«, ; given��Pect wiWout the confliCC�provision.To this end�te pruvisions of this Securny Iustmmmeut and the Note are dectared d .
<br /> f�t�'�`;. :.. .` ":, w be sr��rable. : � .. � �_..
<br /> ;'; 16.8orrowes's Copy.Bortower shall be pver►or►e caYifarmed copX o�the Note�:c3 of this Seca..'*3ty Insmiment.
<br /> ' • • 17.Transfer of We pi�operiy or a Beaeficial pnferest ln Borraaea LE all or ar►y part of the Pmperry or any interest in it —
<br /> ;:_ � � is sold ar transf�(or if a beneficial interest in Borrower•ia sold ar a�,.��ired and Borrowes is not a aatural person)without
<br /> :'••' �� � �' I.ender's prior written oonsent, Lender may. at its option. uirg imme�iate payrne�s in full of all sums s�ecured by this �.
<br /> s es
<br /> ,��!�r� .'. �. •,; Se�urry tnswment.However,tbis tion shall not be exercised� I.ender if exemsr ts rohibite�b federal law as of the dat�
<br /> ;-�:�,�;,.::. �� . . °P Y .P Y _
<br /> ,;y;�'� �. � �, of this Securiry Iaswment. .
<br /> •� �...�.r��.. ;°'., :;; If Lender exercises this oprian.Lenda sfiall give Borrower notice of acceleration.The notice shall provide a periad of not =
<br /> _ � � Less than 30 days�m the date the notice is delivered or mailed within whicfl Borrower must pay aU sums secUred by this �.,.
<br /> •..:�� 5eeurity Instrume�2,If Borrower fails to pay these sumg prior to the eapiration of thls period,I,ender may invoke any remodies =-
<br /> �' �� • permitted by this Security lnst�ument without futther notice or demand on Borrower. ��'•
<br /> �'�.."� . : � II8. Bortower's Ripht ta Reiastate. If Bosrower meeu certain wnditions, $orrower shall have thc right to have �`-
<br /> ' . enfarcement af this Secunty Instrument disoontinued at any time prior to the earller of: (a)S days(or sucir other period as —
<br /> � :;f appllcable law m�y specify for reinstatement}befo�sale of the Property pursuant to ar�y powea of sate contained in thls
<br /> � ••� ' �� Secatriry Instnio�nt;ot(Ir)eatry of a judgme�tt enfarc�ng this 5ecurity In��rument.Those oonditions arz that Borrower.(a)pays
<br /> ._ �i Lender all sums c�fiich then would be due under this Security Inswment�d the Note as if no�esation had occurnd;(b) _
<br /> ";� • cures any defauIt of any other oavenants or agcements; (q)�Qays all exp�..ses incurrPd in ertf'er��'sis Security Inswment,
<br /> '��'•��' •� irtcluding.but r�ot limited to.rea9onable attomeys' feas;und(d)takes such acuon as E�cder�.y reasonably reqaire to assure -
<br /> -�.� " � j that the lien of this Securi lnstrument, Lendei s ri ts in the a�d Bosrovr�ec"s ct�Ei-�,tiva tb .
<br /> tY �fi P�periY d paY the sums secured'by
<br /> - , �- ' this Security Inssrument shall contlnue �nzh�sg�sl. Ugan zelnstat�rr.�! �y Eonc:�:;. tPiis �.xr�.^�"ty la�tnsmca! and the � -
<br /> � �:• � '. � t obligations securecl hereby shall remain fully effective as if nn aeceleraCccn�tzad oecvrr�f.f�otiVesr�,rk;s right to.reinstate shall
<br /> e�
<br /> •. • . ' not a ppl y in the case of acceleration under para g r a ph 17. �'.-
<br />—� - • 19. 5ate of Note; Change oY Loan Servicca�. Ttte Note or a partia! inte�st i.r��t�e Note i=ogether with this 5ecurity :
<br /> � „.r Instrument)may be sold one or mo�e times arithout prior nottce to Borrower.A sale tt��result ln e chunge in the entity(knoan : �
<br /> , as the°Loan Servicer")that collects monthly payments due under the Note and this Sec�iry Instrament.There also may be one "'. -
<br /> _ ..'. or more changes oF the Loan Setvicer unrelazed to a sale of the Note.If there is a change of the Loan 5ervicer.$orrower.wilt be : . _
<br /> - : given written notice of the chaage in accordance with paragraph t4 above and appllca62e taw. The nodce wip state the aame and ' °'
<br /> •• '. ,; address of the new Loan Servicer and the address to wtuch payments should be made.The notice will also oontain any other .t.
<br /> � : infarmation required by upplicable law.
<br /> '' ��'. - 2� Ha7ardaus Substances. Borrower shall not cause or pennit the presence. nse.disposal. storage.or release of any
<br /> ,_ Ha•rardous Su6stances on or in the Property. Borrower shall not do. nor altow anyone else to do, anyth�ng afFecting the
<br />_•_ . Property that is in violation of any Environmental Law. The preceding two sentences shall not ap ly to the presence,use,or .
<br /> ., __,_ storage on the Property of small quaniitics of Ha7ar�ious Suhstances that are generally remgnized to be appropriate ta rtormal __
<br /> _ . residential uses aad to mnintenance of the Propeny. ' .
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