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<br /> : te equiv�Eept,mortg9ge inctu-.�ee covera2e is.�utit ava'slable.B��rr�u•er shail pay to L¢nd�"F e�ch month a sum equal to !--- — �.,,,•�.
<br /> � , ..�. `� . a�h nf .`�qa3e iststtrrtlm preni�.m bcKng p�e1 by Bnrrow•er w�hen the�nsursr.c�:eY+verage IapseJ or c��cd to ��., .
<br /> . . . , ��e � . ' �,����n��p�»cc a.s a loss rescrvc ist iien of mott�e inwrance. L.ac� rc�e�•e `.
<br /> .... y p���ent��v no longes t�tcq'��r�d.3tthe optian of Lender,if mactga�.e intiuranue co��raFe tin tEee sma�un[;uid for the peri�d� .� : .:t, .
<br /> . t�at Lender re�tires>pcovided by an tn,urer approved A�+ i.endec again becom�avaiiabte:�nd i.c obtained.B��m�+���r sh�l1 p:►y�
<br /> � ttie pnm"�ums r�eQwred to maintain martgage insurance in etfect.or ta ptavide a Coss neseRe.unti!thc n�quiremcni fi�t mart��gc ; . ,1�. ,
<br /> insurance ends in a.�curdance with any written agreemem bet�seen Burrowcr and L.ender or apptirabfc law. .
<br /> � 9 Inspecttoo. I.end.°r or its agent m�y make sea��n:ible entri�upun and iiupectiun.�f the Praperty. Lertder�hall gEve ` �, �: ,..•..
<br /> ` Bomaw�er notice at the time of or priar to an iaspectinn specifying r�aanable cau.�+t fnr the inspection. '� r '._
<br /> ' " 10.CondcmtistIon. 't'tte pmceeds ai any a«ar+d ur eta�m for damagcs.dirr�x or consequcntial. in aanr.ect�on w ith any �` .�-�
<br /> ,�`F , eondetnnation or ottter 4�tcing of at►y patt o�the Pruprn}.or for cvnveyance in[eeu oF w�ion.sre hemby assignecf:u►d � . . � y
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<br /> � .... shall be paid ta Leader. •�. ..
<br /> .,_
<br /> ,'.. ` � . [n the eti�ent of a tayal taRing of the Property.the pn�ceeds sha11 be applied ro the suens secvr�ci hy ihi�Security instru.nxnt. _ ` �r,. • •: _�j
<br /> •--��"'T"r''�_ ul�ther or aot�hen due.w�ith a�►y excr.ss pacd to Borro«er.ln the ecent of a pariiai takin�of the Propert� in tivhich thc fair _
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<br /> . , . : mart�et value of the Property immediately befom tlie taking is equal tu or greatea than the�nmum t�f th,su�s2cuntt bt th'ss � . ,: .,,
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<br /> . • . �• . Secarity insmuttem immediately befure the taling.nnies.c Borro«•er and l.ender athen�iss agree in�triting,the sums s�vmi D) .:�`v,':,-
<br /> � '``-�'�•F this Seairity Insnumem �hali be reduoed by the amwm oF the proeeeds multipiied by tha follawing frartion: (al t1r� tatal ,..; ._
<br /> ai �' ;,....:.:,:
<br /> �:•��; amount of the sums secured immediatel}befoK�he taking,divided 6}(b)the fair inarkei �alue of the Property imm�iiately : �.n•,
<br />. 6efore the taking. My balance shali 6e paid ta Bomnwes.In the etient of a p3rt9a!taking of the Propeny in which th�fair �,•��:::
<br /> �=�'�_� cnarket value of the Pcoperty immediately 6efo�thz uilcing is tess than the amoant of the sums secured immediate{y before ttee _ .
<br /> � taidng.unless Borro�ver and Lender othern�ise�gre�u�wri6ng or u�iless applicable law othenvise pm�ides.the pTVCZeds shall ;
<br />= �;�;i...,; �`� he�Ptrad m the sums secured by tlds Security[nstns�n�t whethet�or nnt the stiuns ane.then duQ. ( t ° 'j:
<br /> s< i t���,�:' If ti�e Property is abandoned b}� Hnrrnwer.or if aft�wti��e by L.ender to Sorrowet.t{tat�d�e rnndemnor offers tb tsiuke an. ' ' " .
<br /> r'<<� � aw a r d or�e i t ie a��t u i m f o e d a m a g e s. A U r ro w e f f s�1 s t o r�p��'�d�°�1��n 3Q da Ys at�er the date the norice is giveis, `'x ' i
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<br /> lender is au t ho ri z e d t�oo l lect an d ap�s{}t h e p r 4 c e e d s.a t i t s a p t c a n•e i t h e r t o r�s t+°r a uon or r e pair of the Pm p erty or to the�swna
<br /> . ' '!xcured by this Secarity�tstcument.whether or unt ttren d�e. , ` ?::�, —
<br />-� � ' Unless Lende�and Snrcower otherwise � c�r:i�'rit�ng• anY aPP[icac�°a of proceads tu priadgat shall not extenit or ,
<br /> .� pastponc the due date uf c�pe monthly payments re��m�d to in pasagraphs 1 and 2�ar.dmnge the amocmt af such Qayments. ''��` _
<br /> . . l l.Borcowes Not I�eleased;Forbeaeance By Lendet;�i�t a Wai��.Ex.ter��Y�n of t6te time for paycttent or modifiratiou • .
<br /> � � � of amorriration of[he sums secured by this Secvriry Innrumeat g�anteci by Len�ur,srry successor in inte�t af Bo�o��er�a11
<br /> �`. `,. � .£ . , not aperate to tietease the liability of the otiginal Borrower•or Bnmawer s��,ruu;iqterest•I.ender shall not be ta.�u.ised to v
<br />` - - rnmmence praceedings •a�iiut any�successar in interest or refuse to extemt tiv��n'�Yment or othetwise modify amottizati.on ��_ __
<br />- - of ihe sums secured bt tius Security Insdument by reason of a�ry demaRS�i�dr;ta� dte original SaeroAer or Borrower s .:'.�€:;..;:. ,.`�
<br /> successors in iaterest.A'in+forbeara��ce by I.ender in exer+cising any right�a�st�3� '�'J� �oC be a waiver of or preclude the: _ _
<br /> �;' ?``r ` exercise of aay right or remedy. • � � �� -
<br /> f`���'�f''�� 12.Sa�o:s and AssTg��'n�l;Joimt_and SevcraA ff.iaulbUl�3:��isr�"�enants and agreements of this : ��.,s-;;
<br /> �,'s�t���� :•i.: . Security Instrument shafl bi� a�i��:the surcessors an�@:uss�������`ii Ci�:n�, sybject to the pmvisions df ._�.
<br /> ,�'f r r•� paragraph 17. Borrawer s.cbvenac�,.�,�'agreetrte�zs shal!he�Y,�'and�s�v�: �tny�..',���:�r w�,ho � this S��riry .
<br /> �'.., �'.,� : � I�uumeat but do�s noc��c�:the Lti�,-�: (a)is��a-��.ing this�-'�c!r'f.u�':'•t or�1y t��rort land wnv tltat
<br /> , ,� :�;'�,1 ;`. � . . ixrk'k�r�.be t�rc���£•�tia Seccccir���.-ism:czzrn.�-"�1�'.is no� � aally oLt��fiai�?�PaY[he s�ms �
<br /> �,�, Bors•ower s interest in d�.�et[y , �a��"''di fa or
<br /> t :�;y��'�S�P�r.,. . secured 1sy tiris Securiry Instiument.aa�i!��i agrees't4t:�i.�nder a�u1._;�t�;o.�'��1�'�w�r'�a��to g���� fy. �at ---
<br /> �•� }�'�' �. m a ke an y accommadadons with reg�Etq:�?�teims of this Secitn3���,3�,��ime��,�:?+z Note�inrdY,�..that Borrower's rnais{a��'` __
<br /> . ,�"� 13.Loan Chargc�,�f the loar�yan4i��by this.�ecurity a:��'a�nt is er�j,�t to a law.ti��l•h sets maximum loan'' �' "':s. '
<br /> . and that law is finaily`a�t��preted sv�(i�t the inre�..�i::�:other loan charges�.�Ja�cii or to be collected in connettion with the � -_�
<br /> loan exceed the pe '. �.��limits.then:(a)any sw�:!'�'a sharSe sha116e�'e�au�3;.t�y the amount necessary:to reduce the charge __
<br /> �• i to the petmitted limit;�and lb)any sums a[ready'c'�dl���=d from Borrower.aGp�g�xceeded permitted limits;�fp 6e cefundoA to< < �
<br /> � ., Borrower. Lender may choase to make tfiis cefund�6y noduC�.°�t�::die princtipn_ owed utttter the Note or.�s},making�d�,�,�3'�rec[� ,
<br /> ; � payment.to Borrower. If a refund redaces principal. the red�:ia�;an wiil be treated as a partial prepayment witRq'�rei arry ',��
<br /> ce , , ��
<br /> : � prepayment charge under the Note. �, _ _ _
<br /> • , 14.Nottces.Any natice to Borrower provided for in this Security Instrument shaU be given by delia��utg it or by maiting ,`'.; __.__
<br /> ' �`� � it 6y first class mail unless applicable la�v requires use of another methad.The notice shall be directcd ts�:tiira Property Address . =-
<br /> � f. `-� or any ather uddress Borro�ver designates by notice to Lender. Any notice to Lender shall be givea.�x•iirsa class mail to .`;.�
<br /> �� • Lendcr s address stated herein or any ather address Lender designates by nodce to Borrawer. Any nn�a��.piis_rided for in this ;_,�:,,,a,:,
<br /> . Securiry Instrument sha116e deemod to have been given to Barrow•er ar Lender when given as provided'e�3 c:¢�:�Qaragrap6�-: , A�y�:::__
<br /> I$�Governing La�v; Severability. This Securiry Instrument shall be govemed by fcderal law and the lav�•.odi:tQie __
<br /> ' � , ;urisdittion in wfiicti the Pcoperty is IocateA. In the event that any provision or clause of this Security Instrument or:d4���:ute _
<br /> � '; ' � . rnnfliets with applicabfe�aw,such conflict shall not affect other provision4�Pu'ris Securiry Iasuument or the Note which iZn he t •'•• -� �:
<br /> •. , _?: ��:;;;.,given efferc without the rroonflicting provision.To this end the pravisions af`�i�*�'iecvriry Insnument and the Note are declared `,_ ��
<br />- .'� 1�''Y�?f�1r,.�.".' . � to be severable. . .��`�
<br /> ��.���l�s..',,�,,-;_` 16.9orrower's Copy.Barrower shall be given one wnformed copy of the Note and of this Security instn�ment.
<br /> 4.- • 37.Transfcr of tfie Property or a Bec�riiciAl Interest in BorroHer.lf all or any part of the Property o�any interest in it
<br /> . -� .P�4Y'.__.., r -'
<br /> ' is sold or transferred(or if a benefic�ai interest in Borrower is sold or transferced and Bomnwer is not a natura!persoa)without
<br /> � �� � • Leader s prior written consent, Lender may, at iu option. require immediate payment in t'ull of all sums secured by this � _:, :=•`��:..
<br /> ' � Security instrument.However,this option shall not b�exercised by I.ender�f,eqsrctse�s prohibited by fa�;�l law as of the date - --�,;_,;;_
<br /> . . of this��rity Instrument. . ' � f `;` �
<br /> ' Ef h�a��er eaercises this option:Lender shall give Borrove.-e�=i�r,ice of acseleration.'i'h��se7tice shall provide a peci��i.of not ;{1�',E;
<br />• . less tB;;a� .�days from the date the notic�is delivend or��f.��.�thin��F3ch Borrower'mnst pay al!sunss se�s�a1�`1�g+this �11���'
<br />.4 j...,.�.�q�'��_
<br /> Security dnstrument.Ii Borrower fails to pay these sums pric►r c��1��:L�7iratu�m�f this period.Lender may imoke;,1ty'rr.r�eedies ,�(j,,,,S�
<br /> � '�t ,. permittc,d by this�rcpriry instrument without further natice or a�mcuui:�sn i�-�,ixs�er. , � ' t�
<br /> ` � �� . ' 1��.�orro�qp�4 t�ight to Reinstate. IP Borrower Mec��,.�cs'rain r?�i+�'�ions. Bon�wer shall F►a�e the ngttt:.'�{tt have ' -
<br /> "� ' ''Er�;`ttii� �` enforc�smas�'of this'�rity lnctrasaent discontinued Ai any ci�sae�y+ii�o ra�:i��earlier of: /a)5 waeryof tale contti�ai��lrthis � ` ►i,�`.
<br />_'',;�': :':�'�:�'�: ' ` aPplir.�iJ�•tiiw�:may�ecify fa�r�:7�t�t3tement) before sale o1.aii�:i 1s�p�q'pursuant ta any p ,1, . .,,•
<br /> .r.�i�;i� �,t`'.;;�,.,�
<br /> ;:�.�.� �r•;,��x�1�f•.:; . . Securiry+�Ies�{�rceetter,c:or t�i entry o{:;r.judgment enforcing this Sc�iuttcy(ntirument.Those ootuSitinns are that Borro�.ycr;�:t�j.paYs ;,-,�� 1��;
<br /> �: r.��.{.nt�,.:,.. . ,
<br /> � . L,ender n}f �ums whic�5�.i�15w•t1 wrnild 8'e.due under this Security t�cstrumenr and the Nose as i����ro acceleration had occiirr�af:.(b) '°�.I ,r 1
<br /> • cures an y deJault of'�iv��riiter covenanls or sgreements;lc) pays all expcn�iqcunod ia enfocring t1�is.��snSY tiria�unent.. ,,::
<br /> �� • incfuding.bui rn�t li��ritv.l'tn, reasonable attorncys fees:and Id1�kes s�d�ar9aun ps Lender rt�a}� n�a.5t�iutigly rcquPn:tr��4�s�+sn:
<br /> i, _� _..., 0( '�
<br /> ��;;i� . thac the�tiicn of�his Se�uriry irutrument,l.ender s rights in the Property and�rcower's�bligatiun to�tiy tPie sums�:.+��'�1)� . •
<br /> -'� '�'�� this S�:urity Instrument shatl cantinue unchanged. Upott rcinstatement by Bona�rer, t1�is,Secc►pty. � tPUmr�y..�f�� �ia� . ?" ,
<br /> '�' ��, ' .: � obligations secumd hereby shall remain fuliy effeetive�s if no acceleration ha�occurred. H'owever,this n 1!f0 TClqi�".i1k�Kttull
<br /> . . ' not apply in the c�se of acceleration under paragraph 17. �' � •. ,� ,
<br /> •. ;' 19. Sate n!�14ote: Change ot Loan Servlcer. The Note or a partial interest in the.Note ttogeihpr with tt►is��acu�try�
<br /> � ' Instntmenp may be wtd one or mnre times without priar notice to Barrower.A sale may result in a chang►:in the entity(kno�►.it
<br /> � � ;�s the"Loan Servicer")that colfects monthly Qaymems due under the Note and this Security Im-trument.'f�ere atso may be one .
<br />-- � oc more changes of the T.oan Servirer unmt�teci to a sate of the Note. If there is a change«t the Loan Servicer.Bonower will be . .
<br /> .. � . �,i, given written notice of the ch:mge in acwrdance�v�th paragraph 14 above and applicabte la�v.7`hc notice«ill state the name and . _ .
<br />- . address of the new Wan Senicer and the address to which payments shoutd be made.The natirc�vill also cvmtain any other
<br /> infotmation rcquired by applirablc la«. .
<br />,��' � 20, Hmardauc Subslartces. Bnrro�ver shall nut cauye or permit thc presence. use. disposal. st�rage, or release of any
<br /> Harardouti Substanceti on or in the Ptoperty. Bnrrow�r shall nut du. nor allo�r• anyone else to da. an}�thing atfecting the .�
<br /> _ ' � Pn�perty that is in violation of any Envirunmental L.aw.Thc prece�ling u�o�entenres shall not appiy tu the presence, usc.or
<br /> '-- �torrge an tfie�rty oi,nraiF yuantitie,c�f ltatardcnss Sul�.�l:�shst are�ener.�lt}m.y,nni�ed to be apprcrpriate to nomr�l _
<br /> ��: �� re:�idential uscx ar:d tc�rvwintenance of�he Proprrty. ,
<br /> �
<br />.�?A.l. . Payo 3 0�d Forr�3028 9�'90 ." � ...,_�
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