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<br /> tiubsumtiully eyuivulent nx►ngAge insuraixe cmerage i�s i�nt availwbla, &�rruwer shull puy ta I.e�xler euch nxmih u sum equal ta V
<br /> oix.•twetf'th uf'the yearly nwrtgage insura�xC premiuiu txln�►puicf by&►rrower wfien thc Insurunce cuveruge I�ps�Yl i�r ceux.�l tc� '
<br /> hc in cffect. l.cixler will a�rrpt,usa uncl rnoin thcyc prynxnte us u lu�� r��rve in Ucu uf nN►ttgugc insuru�kc. l��ss rescrvc
<br /> pay��unts�uay n�s longcr h�c rcyuirai,ut thc opd�m uf 1.�:�xlcr,If nx►ngu�c insuruiK•c cavcrugc(in tho unx�unt a�xl ti�r�hc�xri�xl M
<br /> �hut I,c�Klcr fC401C1'!+)�1P11Y1lIlYI IYy UII jtl�lil'CI'U(1(1fC)VfI) Ity IAIIIIi'1'U};UIII I1Cl'/llllCS uvuilublc uixl is obuducd, 13arruwcr shull �x�y
<br /> thc prcnilumw rcyuircd to nu�intuin�ix�ngugc insur+uncc incficct. �9r lu piiwide u loss reservc�,untfl thc requirement fnr mnrtguge
<br /> in,arun�:c c�wl.r in uccurduncc wi�b any wrftten ugrccn�rnt hctwccn 13�►rruwer u�xl I.c�xlcr or upplicublc luw.
<br /> 9. Inypc�Uon. 1 x�Klcr or It:�ugrm muy mukc r�usnnublc c�urics u�x�n uixl in�pcctions of thc Propcny. l.cixlcr shull give
<br /> FArrruK•rr iwtirc ut Ihe�in�c+�f��r prinr t�+an inspc:rtinn x�xcifying rcationuhlc duusc fur thc insperUon. (�
<br /> 1Q. Contlentt�tlon. TNe proceeJs of uny uwurd or clulnt Pur dumuges, direct or cunseyuentiul. in c�nnection with any
<br />_ cundemnutlon or uther U�kin�of uny p:in of'the I'ro�xrty,ur for convcyuncc in licu of candemnution, are hereby aesigned und
<br /> sluill t+�paiJ t�i I.c�xlcr.
<br /> In the evcnt uf n total t.�king c�f thu Pro�xny, tha prcxec�is shidl be npplied to the sums securecf by this Security Instrument,
<br /> whether m•nut thun due, H�ith uny exr.ess paid to Borcower. In thc cvent of a paniul tuking of thc Praperty in which the fuir
<br /> market vulue of the Pr��pcny innneciintely heforc thc taking is cquul to or grcater thun the umount of the sums secured by this
<br /> Stturity Instnunent immaiiutaly bcfore the toking, unlcss Bc�rrower und L.ender othenvise ugrce in writing,thc sums securecl by
<br /> this Security Instrununt shull b�: ��a�«a ny �i►C amoum of the proceeds multiplied by the following fr�ction: (a) the totnl
<br /> amount of thc swm securcd immodintcly hcforc the taking, divided by (b) thc fnir markct vuluc of dic Property immediately
<br /> before the tuking. Any bal�nce shall Iw paid ta Barrower. In the event of u paninl tuking af the Propeny in which the 6�ir
<br /> markct valuc c�f thc Property immcciiatr.ly before thc tal:ing is Iess than the amount of the sums securcd imtncxiiutely before thc
<br /> taking, unless Borrower and l.ender athenvisc agrce in writing or unless appl'scable law otherwise provides, the praceeds shall
<br /> t►e upplied ta the sums secur��d by this Security Instrument whether or not the sums urc then due.
<br /> If the Property Is abandonal by Barrower,ar if,after notice by l.ender ta Borrower thut the condemnor offers to make a�i
<br /> awr�rd or seule a cluim for dam•rges, Borrower fuils to rcspond t� [.ender within 30 days after the date the notice is given,
<br /> Lender is authorized to callect ancf Apply the procecds,a[its option,cithcr to restoration or repair uf the Propeny or to thc sums
<br /> aecur«I by this S+:curity Instniment,whethor or no[ then due.
<br /> Unless [..endor and Borrower otlierwise agrcc in writing, any opplicution of proceeds to principal shall nat extend or
<br /> postpone the due date of the manthly payments referred ta in paragcaphs 1 and 2 or chunge tha amount of such payments.
<br /> ai.„u�:uNr. �:�:nr:rux,i; rururynun:e Sy i.c�roer roe a waiver. Gx[ension o� ina time ior paymcm u� unxiiiicaiiou
<br /> of amortizution of the sums secured by thie Security Instrument granted by Lender to;u�y successor in interest of Barrower shaU
<br /> not operate to release the liability of tho original Borrower or Borrower's successars in interest. Lender shall not be required to _
<br /> commence procc�erlings against any successnr in interest or refuse to extend time for puymem or othenvise modify umonizs�tlan
<br /> of the sums secured by this Security Instrument by rcason of any demand made by the original Borrower or Borrower's
<br /> successors in interest. Any forbearance by I.ender in exercising any right or rcmedy sh�ll not be a waiver of or precludc the
<br /> exercise of any right or remody.
<br /> 12. Sueeessors and Ass(gns Bound; Jolnt �nd SeverAl :.iability; Co-slgners. The covenants and agreemcnts of this
<br /> Security Instrument shull bind and benefit the successors and assigns of L.ender and Borrower, subject to the provisions of
<br /> paragraph I7. Bonnwer's covenants and a�recments shall be jolnt and severai. Any Bomower who rn-signs this Security
<br /> I�ctn�mrnt hi�t dcwc nnt rxeri�te the Ncite: (al ic co-si¢nin¢ this Security Instrument onb to morton�e; orant an�i rpr�vey that
<br /> &itrower's intercst in the Property under the terms of tiiis Security Insnvmcnt; (b)is not personalyly obligated to pay the sums
<br /> secured by this Security Instrument;and(c)agrees d�ut L.endcr and any other Borrawer may agree to extend, madify,forbear or
<br /> rtudce any accommodations with regnrd to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13. Gxi�Charges.If the loan secured by this Secarity Instniment is subject to a law which sets maximum loan charges.
<br /> and that law is finally interpretal so thut.thc intorest or aher laa�chargec coltected or to bo coUected in connection with the
<br /> . loan exceed the permitted limite,then: (a)any such loan charge shall be reduced by the amount necessary to raduce the charge
<br /> to the pern�itted limit;and(b)any sums already collected from Borrow�r which eacaded parmitted limits will be rcfundod to
<br /> Borrower. Lender may choc�se to make this refund by rcducing the principal owod under the Note or by making a dircct
<br /> payment to Borrower. If a refund reduces principal, thc reduction will bc treated as a purtial prepayment without any
<br /> prcpaym�nt charge undar the Note.
<br /> � 14.Noticc.e.Any notice ta Borrower provided for in this Securiry[nstrument shall be given by dclivering it or by mail�ng
<br /> it by first class mail unless applicable law requires use of another method.Thcs notice sh�ll be directed to the Propetty Addnrss
<br /> or any uther address Borrower designates by natice ta I.ender. Any notice to Lender shall L►e given by fi�st class mail to
<br /> � l.endcr's address statod herein or any odicr address Ltnder desigrates by notice to Borrower. Any noticc�rovidod for in this
<br /> Security Instcument shall be de:emai to huve been given to Barrower or[.ender when given as providal in th�s pnragraph.
<br /> . 15.Coverning La�r; 5�wer�bllity. 'I'his Security Instrument shull be governed by federal law and thc law of the
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instniment or the I�iute
<br /> conflicts with applicable Itw, such conflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> given effect without the wnflicdng provision. To this end the provisions of this Security Instrument and the Note are declered
<br /> to be severable.
<br /> IG.Ibrrower's Copy.�Borrow�er shaU be given one mnfomwd copy of the Notc and of this Socurity Insttumcnt.
<br /> 17.Trpa�ter uf the Propnty or a Beneficial Intet� in Borrower.If all or Any part of d�e Property or any interest in it
<br /> is sold or tr�nsferrcd(or if a bene�cial interest in Botrower is sold or transferred und 8ornowcr is not a natural person)withou[
<br /> - L.ender's prior written consent, Lender muy. at its option. require immadiate puyment in full of all sum.s securcd by this
<br /> Security insfi�ment. However,this option shall not be exercised by Lcnder if exercise is prohib(ted by foderal law as of the date
<br /> • of this Security Instrun�ent.
<br /> If Lender exercIses this option,I.ender shall give Barrower notice of aoceleration. The notice shall provide a period of not
<br /> , less than 30 days from the date the notice is dclivered or mailed within which Borrower must pay all su�ns secured by this
<br /> Security Instiument. If Borrower fails to puy these swns prior to the expiration of this period,Lender mny invoke any rcmodies
<br /> permitteQ by this Socuriry Inst�ment without further notia or demand on Bonower.
<br /> 18. Borrower's Right ta Rdnstate. If Borrower meets certain rnnditicns. Borrower shull have the right to have
<br /> enforcement of this Securiry tnstrument discontinued at any time prior to the eurlier of: (a) 5 days (or such otlier period as
<br /> applicable law may specify for r�einstatement) before sale of the Property pursuant to ;u�y power of salo wntuined in this
<br /> Security Instn►nxnt;or(b)entry of a judgment enforcing this Sccurity Instrument.Those conditions arc that Bocrowcr: (a)pays
<br /> Lender all sums which thcn would be due undcr this 5ecurity[nst�ument and the Note as if no accelerntion hud occurrcd; (b)
<br /> cmrs any default of any other mvenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument,
<br /> including, but not limitod to. rcasonablc attomeys' fccs; and (d) takes such action as L�:ndcr may rcasonably requirt to assure
<br /> that the lien of this Security Instrument. Lcnder's rights in thc Property nnd Borrower's obligation to pay the sums secured by
<br /> this Security Instrument shall mntinue unchangecl. Upon rein�taten�ent by i3orrower, this Sccurity instrument r�nd thc
<br /> �L11�_.5��_ ��_"�'JL'__L. _a�_�I�__��:� l..��.. �lN��."�'��� 'f"' '"__�"_'.!,_ L • • •• .. . . .
<br /> vvngauvna x�.mw uc�cvy�nau�cnwm �uur cnc�.u.c o� n nv u�a.c�c�nttvu n:tu V�,lU�ttu. RVWCVCf, ims ngni co mmstate snaii
<br /> not apply in thc cnsc of acccleration under paragraph 11. _.
<br /> 19. 5ale of Note; Change of I.oYn Scrvicer. The Notc or a partiid interest in tl�c Nute (together with this Securiry
<br /> Instrunxnt)may bc solcl�nc or morc timcs without prior notirc w Dorrowcr. A salu nwy rcsult in a changc in thc e�itiry(known
<br /> as thc "[.oan Scrviccr")thut coll�rts monthly p�yments dur.undcr thc N�itc and this Sccuriry Instrumcnt. Thcrc also may bc onc
<br /> or more changes of the Loan Servicer unrelated to a sale of the Notc.if lfiere is a change of�he Lo•rn Scrvicer, Bnrrower will be '
<br /> given wriuen notice of the change in acroniance with par.�griph 14 a(wvc and applicable ta�v.The noticc will state the name and =-
<br /> adJress of thc ncw Loan Servicer and the aJdress tu a•hich paymcnts shuuld bc madc. The n�iticc will also cantain any othcr _
<br /> infom�ation reqttircd by applirablc law. _
<br /> 20. Hazardous Sulnt�nee�. Borcower �hall nut c:►use or permit the pmsence, use. dis�wsal, swr.�ge. ur relcase of any o
<br /> H:�•rrdous Substanccs on or in thc Property. 6orrowcr shall not do, iior allow anyonc elsc tu do, anything affccting the -
<br /> Property thut is in violation of any Environmental L;►w. The pn:ceding two u�ntences shall nut �pply to the presence, use. or
<br /> storage un die Pruperty of small yuantitics nf N;uardous Substunces that arc generally recoguized to bc appropriate to normal
<br /> residcntial uses and to maintenance of the Propcny. _
<br /> Pn�o a oe a . form 3028 8/90 t'
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