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<br /> s�ubst�nllslly eyuiv�lent nxutgt�,inw;}�n5a cnverage is not wvailable,I���rmwer shflll ptiy ta I.ender euch month u sum tqual to
<br /> , oix-tweltth of tt�ycudy mortgage insurance premium bcing paid by Bcirrower when tl�c insurnnce covernsa IaPsed or ceasuf tc► •
<br /> be in effect.I.ender will accept,us�azd rctalo these peyments ac u loss reserve in Ueu nf mnrtgnge insurance. I.�ss roserve �
<br /> �►ayments nu►y ra longrr be required,et thc option of L,�txfer, if rm�rtgage insurunce covern�e(in the umount and for the perial�
<br /> thal l.axier requires)prrnidai by an insursr approvai by Lcrxler uguin bcrnmes uvailt�bic nnd is obtaincd. Fiarrower Shall pay
<br /> thc premiums required to mnintain mortgagr.insunmoc in effect,or tu pravidc a lotis rc�crve. until the re.quircmcnt for numgugf.,.�
<br /> insurance ends in accordence wlth any wiitten agrcenxnt hr.tween Bnrrower and Lender or upplicnble Inw. �•�� �••
<br /> 9. liapectlon. Lend�r or its ugcnt may make rewsouable�ntries u�xm and in��ections of thc F'roperty. Ixnder xhAll giv�
<br /> Iiorrower iwtice at ihe time of or prior to an inspection nperifying rursanuble cau.� tor the in.r•pectinn.
<br /> 10. CondemnaUon. The prcxec�ls oi'any awanl or cluim for dumuges,clirec�or constquentiul, in connecdon with un
<br /> condemrwtlon ar other taking of'any purt of the Propeny, or for convoyxnce in lieu of anxiemnadan, are hereby acsignal
<br /> shall Ix paid ta I.cncler.
<br /> Tn d�e evero��f u tutal tuking of the Pru�xrty,the prexe:.cls shall bc appliut to the sum,secured by this Secu�ity InstrumentM
<br /> whether or not then due, with any excess paic! tu Bormwer. In the cvcnt uf a purlial taking of the Prapeny in which the t'ui�
<br /> markct valut of the Pmperty immediat�ly tnfore thc taking i�s cyual to or greater than tl�e umount of the sums securod by thiti
<br /> Security Insmiment immeciietcly beforc tt�c tukin�,uti�lcss Horrower imd T..endar othcrwiso agrcc in writing,thc xums secura!by
<br /> this Security Instrument shall be raiuccd hy thc;uix�unt of the proceul� multiplied by tlic following feuction: (n) thc tn�nt
<br /> amount of►hc sums securod immediatcly l�eforc the taking, dividcd by (b) thc fair market value of tlie Pmpeny immedlutoly
<br /> before the takeng. Any balance sl�all be puid to Borrowcr. In the cvent of a partial tuking of thc Property in which thc fuir
<br /> ►�wrket vr�tuo o`ehc Property immediateRy bcforc thc taking is Icss than the umount uf thc sums sccured immetliately beforc tt�c
<br /> �akeng,ua�le�.s fi3�r.KOwe�auxi Le�x�er Qtherwisc agree in writing ar unlcss applicaMre lawv uthen�ise�ar.ovi.cles, ahe proc�ds sFr,alt
<br /> fae appl.ied:r,�,n�Mc sun.�s secuced by rthEs�erar.�tity Instrument whether a�r not the su�irs aue t[M.e�r cl.eee.
<br /> �6 tte�R�'�rex�a�.2'y is aban�,nned�y b�crmr��er, or if,nfter notice by 1..er.xlec to 19,�>crower thae ehrc c��M,f.emnor. otlFer,s ta ni:�,�a�
<br /> t+,wWYd or sz'�cle a e{�irn t,�rc d.��r.��ges, ai-.,-:�_•��•cr fai�s to respon�t 4'a L.ender wielnera 3U ci�ys ����r ts�c date oh.e ncr3ica is gi�•�r.,
<br /> ll�rxier is authuric�i tU t�r�9a�a;�an�A�uDS,�T:�:pt4�ceFs.s,ac'r,r.s option,eicCeeh tc�r.est,r�r:��ian ur reT.�e�r 4���h�Prc�pe�.�t}��r to ttie hia�ra
<br /> sccurod by this Securi[v r'tn�scrum::iu,Wg��;ahc'�3;�iJt$�'t[ti,Si+a�.
<br /> Unless Lender an� ;�orr�iwCr•a;!nerel:iss��s�X�r.m rti•�sting. ae�x ay,rpt�cacin*r. �a�.;?T�ceeds tu princi.p•�►l s�a�,ii .:wi �xten�i ur
<br /> postpone the duc date of ch�n�onfhly E��;m�nis•riicsrc�l tn 1n pa�t�grap,.�,�•�az►�2 u��:�yn,u+ge tha��.,qW��of sLr�`�ymcnts.
<br /> 11. Boranwer Not Rele�sed;F�arl�irnnt�23y i.ender Not A��'�?i��c+t;iP�t�i:aiam•af the tis?�r f,r payment or modification
<br />' of anwrtizatinn of the sum.i secured by thi5 Secueity Ir►s�rument grnniecl t�_a l.�ncles zo a�ey suceessm�ar�(nterest of Borrovver shall
<br /> ttot operate to release the liebil�ty of tYte original Borrow�r or Horrower's siiscessors iro intcrest. I.endcr shall nm be required to
<br /> comt�xnce proceedings against any successor in interesa c�r refu.ce to extend Yime Fs�r payment or othenvise mod'a4 f rmortizstion
<br /> af the sums securod by thi� Security Instmment by reasan of any demand ma�c by the original BorrowE;r nc Sc.rrower's
<br /> successors in interest. Any forbearance by I.ender in axercising any right or remedy shall not t►e a wai��er of ur preclude.the
<br />' exercise of nny right or remody. �
<br /> 12. Successc►rs anr! Asslgns Bound;Joint And Several Lixbility; Co-signers. The covenants and ugrcements of�this
<br /> Securiry Inst�utnent shail bind end benefit thc successor:s and assigns of L�:nder and Borrower, subject ta thc provisians o4' _
<br /> • paragraph 17. Bnrrowe�'s wvenants and agrcxments shall be joint and several. Any Borrowcr who co-signs this 5ecudty
<br /> � Inurument but does not exxute the Note: (a) is��o-signing this Security Instniment only to mortgagc, grant and com�ey•,that
<br /> � Borrower's iaterest in thc property under the terms of this Security Instrument;(b)is not personally obligetod�to pay the,sums
<br /> � seeurai�y this Sxurity Inscrumern:and(oj agrees ihxi I.C�xier nnd w�y �,tlrei&;r.owe� iPwj�8$ic'E i0 8wic�.mo�dfy,.`arbca�a;
<br /> m�lce any aocommodations with regard�to tha terms of this Socurity Inatrument or the Note without that Borrower's consent.
<br /> 13.Lonn Chnr(Res. if the loan sccurcd by this Security Instrumcnt i�s subjxt to a law which s�ts maaimum�lo,ln charges,
<br /> and tlwt law is finally interpretai so that t&inter�est or other loan charges collectal or to be collectai in conncction with tAe
<br /> Iqan excood the permitted�lanuts, then: (a)a�iy such loan charge shall bc roduccd by thc amaunt neccssary to reduce the cha�gc
<br /> to tho peanitted limit;u►xl (b)any sums already collocted from 8orrowcr whlch exoeaiod pemiittal limits wlll be rofunded to
<br /> Borrower. l.endor may choose to mnke this nefund by rcducing the principal owal undar the Nota or by making a Qinect
<br /> + payment tt� Borrower. If a refund roduccs priixipul, the reduction will be treatoci as a partinl pre�ymenl without any
<br />= prepayment charge u�xlcr thc Notc.
<br /> 14.Notioc.w. Any notice to Bo►rower provi�la!for in this S�curity Instrument shall be given by deli��ering it or by mniling
<br /> it by Grst clnss mail unless appli�:able luw requires use of another method.The notice shall be directed to the Pmperty Add�+ess
<br />— or any other address Borrower d�signates by notice to Lencler. Any notice to I.ender shall be given by tirst cl�s mAil to
<br />� Lerxkr's address statod hcrcin or any othcr uddrcss Lender designutcs by notice to Borrower. Any notice�rovidod for in this
<br /> Security Instru►nsnt shsll be damed to havc bcen given to Borrowcr or Lender when given as pn►vidcrl in this p�ragr�ph.
<br />,'� 15.Gue�r�d��g I.aw; Sererabtlity. This Security Instniment shull be govemed by fecicrnl law und the law of the
<br /> jurisdiction in wbich thn�Praperty is located, In the avcnt that any provision or clause of this Security Instrunxnt or the Note
<br /> ,,� conflicts with npplicable Inw,xuch contliM shall not affcct oeher provisions of this Sxurity Instrument or dtc Note which can be
<br /> given effect wi�hout the eonflicting provision. To this end the provisions of this Securiry Instrumont+md the Note are dxlaral
<br /> to be severr►ble.
<br /> �} 16.Borrower's Copy.Borruwer shall be given ane confornxd rnpy of the Nae and of this 5ecurity Instrument.
<br /> 17.Tranadec of the,i'ropa'ty or A Ben�Qctwl Interest in Bnrrow'er.I!'all or any part of thc Property or any interest in it
<br /> is sold or transferrod(or if r beneficial interest in Bor�ower is sold or transferred and Bomawer is rxM a naturul persme)without
<br /> Lsnder's prior writ!en�co�sent, Lender may, at its option, reyuire immediate paynxnt in full of all sums socurod by this
<br /> Sa.'urity instrument.Hoivever,this option slinll not be exercised by Ltnder if cxcrcisc is prohibitod by fode�al Irw u of the d�te
<br /> � of this Stc�irit,y�ustramcnt.
<br /> If I..encier exercises this option,L.e�xler sha[t g�ve Borrmwcr iaari:�of acceleration.The notice siutll provide a period of not
<br /> � fess than 30 days from tt�e datc the notice is �eleven�d oc maicGc+r'. r,u�thin which Borrower must pay all sums sauro�l by this
<br /> f Socurity Instrument.If 8orrower fails to pay thesc sver,tis priar tv�l�a cxpiration of thls period,I.ender may invoke any oemadiex .
<br /> ! permittod by this Security Insttument without futther na�ee ar til�tna�d on Borrowcr.
<br /> ` 18. Burrower's RiEht to Rd�ost�te. If Borrirwer �s.��trtein rnnditions, Borrower shall havr. the rigbs to ItavE
<br /> enforcement of this Securiry [nstrurrtrd�^.discontinued at any sim���•;wn to the earlier oF. (a) S days (or uix.�cxher perbcxi zv
<br /> applicable law may spocify for rrir�:;�i�r;enxnt) bcfore sale ot"t[�c 1?tarpeny pursuant to any �ower of salc c�crntained in this
<br /> � Security lnstrument;or(b)encry uS.�i;i a�t,�nent enfon:ing this Secur�:�g [nstrumenL. Those cor�itioiis arr t]Tal L�c�crower:(a)p+ys
<br /> • •l,ender all sums which ct�r.n w•�atd hs+.a�:z under[6�e5�curity Insuusnent and tFrx- Note��s iE no accel:era�cio+;�:fiui4 occurrcd; (b)
<br /> � cures any default of m}��f�¢r w��aai�atrts or agreen.uz;r�st (c) pays aU expens�s ia�x.�urred iR enforcing tIus 3k�s<<.•rty Inswmcnt.
<br /> • including.but not limecwd'n��:rr.a;�i�rui'hl:�fttorneys' i'c�s: and(d)takes such acti�n zs Lend�r m2y reasooably require to a�su�
<br /> that thc� ficrt of this Securety!n��irc��'�i,�n'�..:;.cnder's rights in thc Pmperty and Borrawcr's atTfiEaticx�to pay thc sums secuc�l;by
<br /> ►his Sex.�uri.ry• (nstncr�xnt s3�al� <<;s��:�vn: unchang��. Upon n:i.v�s�alement by Borrower. this Security lnstrument snd: Ihe
<br /> obiig�cions xecured[n.rei.i�r shall rert�ures fulty effective as if rxs acL~eleration fiad occurre.d. ffou�cver, this right to rciasta�e�liall
<br /> ncu appfy irt riu c.i5e cTf:w:�:[entiun under paragraq?[t f 7.
<br /> ��. SaJe a�1�I�te;: �.�twuge or i,an xrrroes.. DItC IVOCC Ot'� �?artlal in[Cnsl in tile ivoic ([�eiixr wiin inis �a:uiii�
<br /> Instrum�eair)itsiy lx said one or mon:rstncs without prior ncxir.�en l3arrowcr.A sale m:►y r�alt.in a cha»��i��die entity(kr�wn
<br /> as thc"�..oan Sen•icer")that collect��nr,nthly payments due und'cr tha Note:ux1 this 5ccurit�� In:���t�na�nc. 'll�ere al�may be nne
<br /> or rrare changes uf the Loan Servicer u�nrelated to a sale of the t�bre.It tixre is a ehange of ti�e L.��an Sen�icer,Borrower will be
<br /> given wriucn noticc of thc changc in accordancc with parrgraph tA abovc•rnd appaicablc law.Thc notic�:+��ilP statc�hc �umt ancl "
<br /> acidress of the�xw Loan Servicer and thc add�ss to which payments .huu1J be ttudC.'i��e tx�tiee wiU nitu cuM�in any othe� M
<br /> infomiation requircd by applicable law.
<br /> 2q. Nazardouy Subswnces. i3orrower shall not cause or pertnit thc prcsence. use, disposaL storage, or rcleasc of an,y
<br /> Hazanf�us Substanccs on or in the Pmperty. Bcxrower shal! not do, �x�r ullow anyvne clsc to do, anything affecting the
<br /> Froperty ihat is in viulation of any Envimnmental �.aw. The precc�ing two sentznces shall not apply ro the presence,use,or
<br /> swrage on thc 1'roperty uf small yuanti�ics of Harardous Substa►xrs that arc gcncrally rc��ugnizc@ tu bc rppropriatc to nornWl
<br /> rcsidcntiyl uses and to ma:ntcn•rncc of thc Propcny. .
<br /> N,���e 4 Fwm 302� 9190
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