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<br /> . suh.wntially �quivulcnt uiar►ga�;c insurnncc cavcrugc i�nM:rvail.ihlc. Burruwrr,hall pay tu l.cnder cach munth a,urncqual to
<br /> une-twalfth a�l ih�ycarly m��rtgi►�;c i�i�u�anrc premitn�i heidg paid hy H„rnnvcr when the in�ur.uur r�,v�ra��luptied nr rea•.ril to
<br /> h� in cl7crt. LAii�lcr�cill�rrcpt. �f,c un�l rctuin thrtir paymcnt+a. a lu., rc,crvr in li.0 ��f muii�age in,urunr�. I.otis r��cr�•c
<br /> ��,�y�»�i�t,in:ay n��lun�:cr Ix rei�t►i�'cd.ut Ihc uptiun uC LAnQir. if mungag�e �mur.u�rr r�wcrugc lin th�.inuu�nt and fnr the Exriixl(�
<br /> thut Lc�id�r Ayuir��►pru�•idud hy ui� inwrcr uppravrd hy lAixl�r agam herutn�,avail.+4dr;ui.l iti nhtainiJ. H��rru�ccc-�hall p:�)'�
<br /> thc prcn►iwn,rcyuircd tu maintam murtEauc in,ur.uirc in clTcct.ur t��pnwidc u lu�, rc��rti�r,unlii thc rryuircm�nt Pcu-m,t'IFa}:c r
<br /> in.urunr��ndsiit arcurdcinrr wilh�uty wntten agreemrnt hcl�veen Hurruwer nnJ lAndcr ur applicahle la���.
<br /> 9. Ins{xYlian. Lcndcr ur it.agc�u muy mukc rciuunahlc cnu•icti upun c�ud in,pccti�ans nt the F'r�,�rty. Lrndcr �hal 1 Eivc M
<br /> Burr�►wcr nc�tire .0 thc timc of ur priur t��an in�(►�ctinn+yxcityinti rea,unuhlc rauu fiir tttr intipertiun.
<br /> 10. CondcmnuUun. "fhc r��,«�a�„r.�„y :i�v;�rd ur rlwm t�+r Juiui�gc�. dirert nr r�mscyuentiai. in r��mtcction with any
<br /> cunJ�miwlic�n nr nthcr t.�kint� ��I any p:in��f thr Pru�rry. ur liir runv�y:�nrr in liru uE r��nd�mnatiun. arr hrr�hy ;���igncd cin�l -
<br /> ,hu��hc paiv io l.�na�r.
<br /> In�h�c:vent��f u rotal taking uf thc Pruperty.d�r proreeds shull he applicd a�the�unn�ecund hy thiti S�xurie� 1 nurumcnt.
<br /> whcthcr ur not thcn du�, with any exccss paiJ to Burratvcr. [n thr rucnt uf a parti:d taking ut'thc Pr���rty in al�ish Ihc t;tir
<br /> inurkct value uf thc Property immcJiatcly hcfurc thc taking is cyual to�u grcatcr tltan tlu umuunt uf the,umy s�KUrcd tiy tl�i�
<br /> Securiry InstNment immediuuly bcfore the t�king,unless H��rcowrr aud Lcnd�r�ftherwise agrer in wsicinz,tlu,um. yaured by
<br /> thts Security (nstruntent shall be r��luceJ by the amount uf the pruceecls inultip[ied hy th� folt��v.in� frs�cion: (ut itr: total
<br /> amaunc uf tlie s�m., Sccurcd imm�tiiiatcly beforc die taking, divid�d by lb► th�: fair tnarktt v:ituc of ch� Pruyx:rty ie�srxtiately
<br /> hefore the trking. Any balunce tihaU be puid to &�rmwer. in the event �>f u p:una! takrog of [hc Propc�ty in ��t�i��h Ihe fair
<br /> market vulae of tl�a Prop�rty immediatcly befon�:the taking is Ictis than[hc amcx�nt oi the�ums sccured im.medi�'ely bcforc thc
<br /> tuking, unl�ss Rurrowcr and lxndrr othcrwise a�tre� in wciting or unle�s applicable law athenvise provid�s,tAe procads shall
<br /> he ap[�liati tu dic sunts ticcur�J h�• this S�curit� Instniment whethrr ur nnt the sums arr then due.
<br /> lt the Property is abandoned by Burrawer. ��r if, aFtcr nutirc hy IAnder to B��rruwrr that thr amdemnar ut'fcr� tum��kr an
<br /> awanl or sctde a claitn for damugeti. Borruwer fails to responJ to L.cn�ler within 30 Jay� aticr thc Jste thc nuticc is givrn.
<br /> Lender i,autharized�o cullect and apply the proreeds,at it+option.�ither to re�tora[ion ar repair af thc Propeny or to�he sums
<br /> ,��c:u�cxi by ihis Sccu�ity�Imtrument.tivhcthcr or nrn then duc.
<br /> Unletis Lender and Burrower utherwise agrce in writing, any application of proceeds a� principal �hull not cxtend ur
<br /> postpone the due date of the monthly payments referred to in paragrnphs 1 and 2 or change the:unaunt of such paymenis.
<br /> ll.Borro�+•er Nat Released:Forbearance By Lender Not a�Valver. Extensian of the time for payment or modification
<br /> of amortiu�tion of the su�ns secureJ by this Security lnstrumrnt granted by l.ender to any succetisor in interest of Borrmver shall
<br /> not oprrate ta rcicase the liability of the original Barrowcr ur Borrower'��ucres+ors in interest. Lender thall not be mquired co
<br /> commenee proceedings ugainst any succeti�«r in interest or refuse to extend[ime for payment ur othenvise modify arnatization
<br /> of the sums secured by thi� Secunty Instrument by reason of uny demand made by the originul Borrawer or Borrower's
<br /> succesuin �n intemst. Any forbcarance hy Lender in exercising any nght or remedy shull not be a wuiver of or pralude the
<br /> exercise of any right or mmedy.
<br /> 12. Successo�und Assigns Bound: doint and Several Liabllity: Co-slgners. The covenants and agrcemenc c,f this
<br /> Security Instrument shall bind anJ benefit the �ucces+or5 and assibns of I.ender und Bottower, subject [o the provisions af
<br /> paragraph 17. Borrower'� covenants and agreements shall be joint and several. Any Barrower who co-sigm this Security
<br /> Instrunicui but ucti: nat �xxu.:, the ^!e:�: ;s� ��'_^-�ionina �hic Security Instrument onlY to mortgage, gtant and canvey that
<br /> Botrower's intere�t in the Propeny under the terms ot'this Sccurity Instrun�ent: eh) is not pe�sonuUy obligated to pay ihe sums
<br /> secured by this Security Tnstrunient:and(c)agrees that I.ender and any other Borrower may sgree to extend, maiify.(orbear or
<br /> make any uccommodations with regard to the terms of this Security Instrument or the Nate without that Borrower's cansent.
<br /> 13.I.oan Chary;es.If thz losn secured by this Security In,trument i�subject to a law which sets maximum lo:w charges.
<br /> and that law is finally interpreted so that the interest or uther loan charges collected or to be collected in connectian with the
<br /> loan exceed the permitted limus, then: (a)any such loan ch:►rge shall be ruluced by the amount necessary to reduce ihe charge
<br /> to d�e permittad limit:und(b)any �ums already collected from Borrower which exceeded permitted lim�ts will be re(unded to
<br /> Barrow�er. Lender may choose to make this refund by reducing the principal OH fA uti�der the Note ur by making a direct
<br /> payment to Borrower. Tf a refund reduce� principal. thc reduction w�ll t►e trnated a.ti u purtial pr�payment withnut any
<br /> prepayment chzrge under the Note.
<br /> 14.Notk�.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by�railing
<br /> it by first cln�s mail unless applicable law requires utie of another method. The notice shall be directed to the Property Address
<br /> or an�� other address Borcower designates by notice to l.ender. .Any notice to Lender shall be given by first clau rnail to
<br /> Lender's address statcd herein or any other address Lcndcr designutes by notice to Borrower. Any notice provided for in this
<br /> Security instmment sh:�ll be deemcd to have been given ta Oorrower or C.ender when given as pmvided in this paragraph.
<br /> 15.Gorerning Law: Severability. This Security Instrument shall be govemed by federal luw und the law of the
<br /> • ju�i�lictioai in which the Property is located. In the event that any provision or clause of this Security Insttument orthe Note
<br /> conflicts w•ith applicable law,such conflict sha�i nat affect other provisions af thic Securiry Instrument or the Note which ran be
<br /> given effect without the conflicting provi�ion. To this end the provision�of this Security Instrument and the Note arc declared
<br /> to be�evera6le.
<br /> 16.BorroN•er's Copy.Bonower shall be given one conformed copy of the Note and of this Security Instn►ment.
<br /> 17.Tnns[er ot the Propecty or a Benefficial Inter�t in&►rrower.If all or any part of the Property or any interest in it
<br /> is sald ur transferred(or if a beneficial intemst in Borrower is cold or transferred and Borcower is not a natural personl without
<br /> Lender's prior written conxnt. Lender may, at its option, require immecliate payment in full of all sums secured Gy this
<br /> Security Instrument.However,tl�is option shall not be exercised by l.ender if exercise is prohibited by federal law asoF the date
<br /> of this Securiry Instrument.
<br /> lf Lendcr cxercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not
<br /> less than 30 days from the date the notire is delivered or mailed within which l3orrower must pay ail sums securcd by this
<br /> Security instruntcnt.If Borcower fails to pay these sums prior tn the expiration of this period. Lender may inveke:iny remetlies
<br />� pertni[tcd by this Security Instrument without furthcr notice or demand on Borrower.
<br /> l8. Borrower s R(g,ht to lZeinst�te. if Borruwer mcets certain conditions. Barcower shall have thc rigM to have
<br /> enforcement of this Security Instrumcnt dixcontinued at any time prior to the e:►rlier of: (al 5 days (or�uch other period a1
<br /> applic�ble law n�ay specify for reinstxtement) before tiale of the Propercy punuant to any power of sale rontained in this
<br /> Securiry Inuniment:nr(b)entry of a judgment enforcing thiti Security[n,trument.Those conditionti are that Borm�cer: <al perys
<br /> Lender al l wms which then would be due under this Sccurity Inst�vment and thc Note as if no acceleration had uccurral: tb)
<br /> cures any defunit of any other m�enants or agreements; (c1 pays all expenses incurrc;d in enforcing this Security Instrument,
<br /> including. but not limitai to, re2.onable attomeys' fces::�nci (d)take+ wch:Ktion as Lencler may nea.wrwbly roquirc�o a.r•surc
<br /> that the lienot�this Security In�tivment, L.ender's rights in the Property and Born��rer's obligation to pay the sumssecured by
<br /> this Securiry in�trument shall continuc unchang��d. Upun rcin�tatement by Bum�wrr, this Sc�unty In�trumem and the
<br /> �c_.. _c_ ......�.. .. 1,.,.1... ��MAI� 1-Inw�crr thi�nuht[A rC1RSL1iC ti}l:il�
<br /> obligations secured nercoy snaii ncmuin iu«y c���...:'.'e:�:.. ....u............... .--,-..___..__. _.. _ _ . �
<br /> not apply in thc case of acceleration under pasa�raph 17.
<br /> = l9. 5�1e uf Note; Change of Loan Sen•imr. Thc Nutc or a panial intem.t in thc Ni�tc ltogcthcr with this Sa:urity
<br /> lnstrunxntl m:iy be�old onc or morc timcs without prior noticc to Borroµ•er.A�alc m�y rctiult in a change in thc entily Ikn��wn
<br /> - ;u the"l.uan Scrviccr")that collccts monthly paymcnts due uadcr thc P1ote and this S�rurity Imtrument. Thcrc al.0 may be une
<br /> - or more cBan�e�of thc l.o:ui Scrviccr unrclated to a wlc of the Nate.lf there iti a ch:u�ge af�thc Ia�an Scn ircr, &�rruwcr��•iil bc '
<br /> = given«•ritten nutice of the change in aca�nianoe with paragraph l4 above and applicable la�e. The nuti�r will +tate t�e namc a�x1
<br /> = addectis of�he ncw Luan 5crviccr and thc addreyti to a•hich p�yment> �.fiould be madc. Thc nuti�� ��•ill al�o runtain any uthcr
<br /> infomiationrcquired by applicablc la��'.
<br /> � 20. Hu�arduus 'wbsYences. B��rnnver �hal! not rau�e or perntit thr pre�ence. u,e. di.puvil. �tura�;e. ur rclra�c of any
<br /> H:uardous Sub�tanceti on or in thc Pmpeny. Borro��•cr �hall not dc�. nur allo�v :u�yone rl.r ta du, am•thing affc�tin� thc
<br /> Pmperty that is in violation of any Envimnmental L:n�•. Thc prcc��ling t�w ,enten�r��hall noe apply to�he prc�ci�, u.r. ur
<br /> titoragc on the Property of timall yuantitics of H;v.:trdou, Substanccs that arc gcncrally rcrognir�til tu hc appn�priatc tu nurn�:d :
<br /> residenU:il u�es and tu maintcnance o(thc Propecty.
<br /> � v:����,a Form3028 9l90
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