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<br /> ' ,uti�nntl�ly equivulent murtgage imurunce a►verage is nc�t availublc. p�►rmwcr shull tmy tn 1.•cndcr euch numth a tiunt cqunl t��
<br /> one•iwclhh uf the yearly martguge insurunce premium bcing paid by Burrower whcn tlic in,urunce cuver�ig�ii�psed ur�cuticd t�
<br /> be inet'fret. IAnder will uccept.use und ret��in thetie paymcm+ati �i lu.r, re,erve in lieu nf nwr��:��!r imurunca I.���� rc,erve �
<br /> _ r��,nu_.��cg�uv n��In»nC�11C fCUUICI'l�.Ll IIIC Onllqll OI L.l'll(�l'1', if mrntigeigc insur�incc ruvcrri�;c(in tl��um��unt anJ fur thc period �
<br /> thut Lcndcr rcquirc+)pr��vidcd by un insurcr.►pprc�vcd hy [.ender uguin bca�mes uvniiunic;niu i.nh�uine�i. tiunuwc� .tudl ��ay (
<br /> thc prcrniums rcquircd to maintain murtg.igc insuruncc in cff'ect,or to pr�vidc u lotis rcxcrvc, until thc rcyuircmcnt fi►r mortgugc
<br /> , intiurancecnds in uccurda�uc with uny wriuen i�g�cement betwecn Borrrnvcr and l.endcr or iiqplicublc luw. � N
<br /> Sl,I��pectian. IAnder or its ugent muy mukc ru�sonubic cntries upnn und inspections of thc Pr��perty. Lunder shull give Q
<br /> aorrnwernoUce at the time nf or prior tu un incpectinn specifying rcasonnble ciiusc for the intipectiun.
<br /> 10.Condemnallon. The proceeds ��f nny award or cluim for dWmu�es, direct or consequential. in conne�tion with any
<br /> c�ndcrnnatiun or othcr tuking of uny part of thc Prop�:rry, or for convcyuncc iu lieu uf wndcmnuti�m.arc Itcrcby assigncd and W
<br /> chull bcpaid to Lender.
<br /> Irr�he event of u tatal taking of the Property.the pn�ceed�;s:hnll be iipplicci to the sums secured by this Security Instrument,
<br /> whethecor not then due, with�+ny excess puid to Borrawer. In the event of a partiul taking of the Property in which the fair
<br /> markct valuc af thc Prup�:�ty immcdiatcly befare thc tnking is cyuul to or greutcr than the amount oF thc sums s�cured by this
<br /> Securityln�truntent imme+iiat�ty beforc thc taking,unless Borrowcr and I..cndcr otE�erwise ugrce in writinb. tho sums secured by
<br /> this 5ecnrity I�strumene shall be reduced by the umount of the proceeds mulla��lieci by the following fructlnn: (a) the total
<br /> amount of nh�*tuns s.cured immediutely before the ta&ing, divided by(b1 dr.1 Tuii market valuc of the Property immedintely
<br /> befarc t?i; na�;in,. :�ai�� t+filuna° �+hall be paid to Bnrrower. In the c:vent of�aartiul tAlcing of'tOr Property ►n which the fair
<br /> murkct��a9n:ie uf thc b°ro�+�n��immediutely beti�re the Ra'�ia��is less than thc a�nount oY tlie sums.wti�►�red im�nediately bcfore thc
<br /> t3kin�,un`tass Borrow•e��md l.e►xier ntherwtse a�me in ���riting or unlcks applic.ihle la�v otherwisc provides,al:�g:c>ceeds shatl
<br /> !�e up�lial tv ihe surn��•ecurrJ by thi.Security intitrum�nt ���hethc�ur not thr�ur��ur.then due. �,:�
<br /> F lihe ProFx:rt}' is ah.tiu�l��ned by Bi�rrowcr,ur if, iiirer n�aice by I-ender t.�13orrower that the conderrinor��I'frr.tu ro�akc ao 'i:.
<br /> a�vard a scnlc a claim fur dumuges, Borr��wer fuil� to rrspa�id tr I.ender�vithin 30 dtiys after the date the nu�ice 9� ga�:�:��, ;,_:.:
<br /> Lender is Ruth��ri�ed ta wllect and apply the procecds,at its option. eithcr to resmration or repair of the Property or ta tis�su�n:
<br /> secured by this 5ecurity lnstcument,whether or not then due. ,r
<br /> Ualess Lender und Borrower uthenvise ugree in writing, any applicatirn ��f proceais to principul shull not extend or ,,
<br /> posepone the due date of the munthly payments refened to in puragraphs 1 und�ue chi+nge the amount of such payments. f-_;;
<br /> 11,Bomower Not Released;Forbear�nce By I.ender Not a Waiver.Extension of the time far payment or modification
<br /> of amoniz;ition oY the sums secured by this Security Instrument guv�ted hy Lender to uny successor in interest of Borrower ahull
<br /> not opeiatc to retea�c thc liubility uf the uriginal Burrower or Burrnwcr's successors in intcresc. i.ender siiuli uat be rc,qulre�I ta _
<br /> commecee procredings ngainst any successor in interest or refuse��� ercend time for payment or athenvise modify amort3u�uai
<br /> of�hP wms E¢�urai by this Security instrument by reaspn aE'an�� demand made by the original Borrower ar Borrower's
<br /> suaessors in interest. An� forbearance by Lender in exrrcisieeg tttty righ:or remedy shull not be a�vaiver of ar precfude the
<br /> exerciseo£any right or remedy.
<br /> 12.Suceessors and Assfgas Bound; Jotnt and Se��erel l.�rh�lity; Co-signers. The covenants and pgrcements af this
<br /> Security Instn�ment shall bind and beneftt the successurs und .�.�i.gns of Lender and Borrower, subject to the provisions of
<br /> F�g� t�. Ro�row�r's covenants and ufireements shall be joinc xnd several. Any Borrower who ca-signs diis Stcurity
<br /> Instrumont but doe� nat•execute the fYote: (a) is co-signing this Secur[ty lnctrument oniy co mudgagc, �ia�i�rid cunvt� t:�at
<br /> HorrowtP s interest in the Property under thc terms of this Securiry Instrument: (b)is not petsonally abligated to pay the.sut�'
<br /> secucedby this Security Insiniment;and(c)agrees that[.ender and any other B��;r�Ufer may agree to extend.modify,forbe�r ar
<br /> ,rnak� aav �coonnmodattons with regard to the berms of this Sccurity Instrum�nt ctr shr Note without that Bomower's con�ent,
<br /> A3.�Laaq Charqes.[f the loan secured by this Socurity Instnrment is subject to a luw ivhich sets maximum loan c4�asge��.
<br /> ' �nd e3�n 1��+ is finally interpreted so that the intcrest or other loan churges collected or to be collected in connection v��iii��ihz
<br /> lnnn�xreed the permitted IimiGS.then: (a)uny such loan chnrge shall be reducad by the umount necessar.y to raluce tt�e ch;rrgo
<br /> ' to thC perrnitted limit;and(b)any sums already collected from Borrower which exceecled permitted limits tiviJ➢'be'y�Fwn�fCd;to
<br /> Horrox�er_ Lender nvry chaosc to �mka this refund by reducing the princ[pal owed under the Note or hy nu�b:��g t�d'acect
<br /> paymen to Honower. If a refund reduces principal, the reduscla�n w�ll be treated as u partial prepayment without nny
<br /> prepayment chargc under tha Nate.
<br /> 14,Notices.Any noticc to Borrower provided for in tliis Socurity Instrument shatl be g�ven by delivering it or by mailing
<br /> it by first class mail unless applicablo law requires use of another method.The notice shall be directed to tbe Prop�rty Address
<br /> or any other address &�rrower deslgnates by notice to L.r.nder. Any notice to Lender shall be given by first class mail tu
<br /> I.ender�address stutod herein or any other address Lender desiEnates by notice W Rorrower. Any notice provided for In this
<br /> Securlty lnsaument shall be damed to have bcen given to Bonower or Lendcr when given:is provided i�th�s parugraph.
<br /> lS,Coverning Law; Severabllity. This Securiry Instrument shall be �overncd by federal law and the law of the
<br /> jurisdlnion in which the Property is located.In the event thnt any+ provision or clause of this°,ocuriry Instnrment or the Nate
<br /> conti icts with applieable law.sueh confliet shall not uffeet uther prc�vis�ons uf this Seeurity Instrument or the Note whieh con be
<br /> given etfat without the conflicting provision.To this end the provisions of this Sccurity Instrumant and the Note are decland
<br /> to bo severable.
<br /> l�.Borrower's Copy.Borrower shall be gjven one conformed ropy of the Note nnd of this Security Instrument.
<br /> 11.Ttatasfer ot the Property or u Beixfict�l Interest in Borrower.If ull or any part of the Property or any interest in it
<br /> is soldor transfcrrod(or if u benefic�ol intorest in Borrower is sald or transfcrred und Borrower is not a natural person)w[thout
<br /> Lender's prior written consent, Lender may, at its option, require imn�ediate payment in full of all sums securod by this
<br /> Secu ri�r instrument.Howevcr,this uptton shall not bc oxcrciscd by l..ender iY cxs�rcise is prohibited by fedcral law as af the date
<br /> ofthisSe.:nrity Instrumcnt.
<br /> ItL�nder exeretses this optton.Lender shall give Barrower notice of acceleration.The notice shall provide a{xriod of not
<br /> less tlun 30 days from the dnte the noticc is delivered or mailed within which Borrower must pay all sums socurai by this
<br /> SaurAy,`tns�rament.If&►c•rower fails to pay thcsc sums pr�or:n the exptration of thfis period,I.ender may invoke any reanodies
<br /> permitled by this Security Insuument without fhrther notice or demand on Borrower.
<br /> ]8. Bo�rower's Rtght to ReGwtate. If �drrower mcets certnjn conditions. Borrower shall have the riglu to have ;
<br /> enfiix�rrvent of this Security [nstrument disconu�uYd ut �uy time prior ta the earlier of: (a) S days(�r such c+thcr period us ;
<br /> uppl iah9�e law muy specify for r�ic�s�laterr`ent) lref�� salf of tlte Property pursunnt to any power of s,i1e consained in th�s
<br /> Secumcy YnstrUment;or(b)cntry of u ju:lcr�ent enfor�ing thi.a�esr�f��y Instrumcnt.Thosc con@ittons are th3i�orro�ve�:du9 pays
<br /> 3.enxicr u11 surns which then wauld hc dux undcr th6K Sec�ri�y Ins�r��ment aind the Note as if no accelerae�on fiad aaiavv�ccl: 1b1
<br /> cure�anV default of am• nther covens+nts or agreements; 2cb �ays ull expenses incurred in enforcing ttens Secvrisy Inl9UtL�TI�I�'1.
<br /> including,buz•not IimiteJ to. reasonuble attorneys' fees; an:f (dl�alces such a:tion as Lender may masoma'�1y r�equire i�as:;ur!
<br /> that ilu�3en of this Security lnstrument. Lender's ri,�i��s fm the Property and���rrower's obligatfon tu pay tl�e st��s sscured by
<br /> .u. c�,,..:�.. �.,e..,,�,,..,.r �hAu cnntinue unchwiced. l3m�n reinstatement by Bcirmwer, this Security lnsteva�c��t nnd the
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<br /> qbl�1�'8110l1t.:,ecumd I�ereby shall rematn fully effectiWe as�if a�m nrreleration had occurral. However.[nis rignc co nei�siui�y;,n�.
<br /> �ot�p�ly in thu case of acceleration under pnmgraph i7.
<br /> 19. Stle ot Note; Change ut Lo�n Servicer. Thc Notc or a p:uti:�l intercst in the Notc (together witl� thi� �curity
<br /> instrwnent)may bc sold one nr more times witha�i�t�rior noticc to Borrowcr. A sulc may result in a chunge in thc entity(knnwn
<br /> �S the'Loan Servizer")thut collecu monthly pu�y�++ems duc under the Note and this Sccurity Instrumcnt. There alsc�ntay bc one
<br /> or more�hanges of the Loun Servicer unrelatec���a�le of the Note.it'thcrc is u rhange af the Loan Serviar,&►n�wer will be '
<br /> �ivenwrnteen noticc of the change in ar,:r3r�ancc evev9�gara�a��h 14 above and applicable lnw.Thc aoticc wiU uate e�oe name and '
<br /> address��t the new (.oan Servicev�the �u�rss c�rn wTnicPo�payments shnuld be muJu.'fhe iwtic�will also cromtain any other
<br /> inforn�ation recjoic�D l�y applicable law. '
<br /> 20. Haxard�ws �wbsttitnces• Borrower s�aYl �o.ca�s�c or perniit the Rresence, use. Jisposal. st�v�e,ar n:tease of any
<br /> Hozardous Substunces on or in the Properiy. �irr��nwer 4�a11 not do. nor allow anynn� else to do. �wwythire� affecting the
<br /> Propeny thut is in violution of any Environmental Law. 'i'I�preceding two sentences shall not Gpplr ca�dk prceence,use.or
<br /> storage on tl�e Property of small quar►tittes uf Huzardous Sulbo�ancxs that cix+e generslty recogniuxi to tse�pYrrcapriatc to normal
<br /> resldentiul uses und to maintenance of the Property.
<br /> P�y�o 3 of 4 Fwm 3028 9180
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