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<br /> • sub.rmtiully cquivulcnt uwrtguge insurmticc c�.wcrusc ix not uvuilablc.Barr�►wcr tihall pay ►o L.cndcr cach month u sum cyu�!to
<br /> one-twelfth ut'►hc ycar�y nturtgabc insurance prcmium bcing paid by Borrc►wcr when the insurance r�>veruge lupsuf or ccusecl to
<br /> b�:in eff�ct. t.cixler wUl acccpt,usc and retnin thcse paymcn[,as a Inss reson-c in licu of murtgagc insurunce. I.uss reserve
<br /> paymcnts muy no I��ngcr bc rcyuircil,.0 thc option of I.cndcr, if mortgngc insurancr ruvcra�c lin thc mnnunt and for thc perial
<br /> tlit�t I.xndr.r�rcquires)pravidcd by an insurcr .�pprc�ved by l.endcr aguin becomes uvuilablc and iti obtuincd. 8onower shall pay
<br /> tho prcmiums reyuircd tn nr,iin�uin murtgage insuruncc in effezt,or to pravide u Ic�ss reservc,unul thc requiremcnt for murtgage �
<br /> insurance ends in uccurJancc with any written ugre�:ment between Borrower and Lender ur applicuble law.
<br /> 9. Ins{rectt�n.l.ender or its ugent may makc reasonable entries upon and inspcctinns of the Pruperty. L.endcr shull give �
<br /> Bor�ower notice at the time of or prior to an inspection specifying reasonuble cautie for the inspection.
<br /> l0. Condemnutian. The proceeds af any awnrd or claim for damages, direct or comequential, in connectiom with any �1
<br /> condemnution or other tuking of mry p:►n of the Prupc�rty,m• fur cuuvcyancc ii�li�u of wndemnation,are herehy assigned und __
<br /> shnll be paid to Lendcr.
<br /> In the cvcnt of a total tuking of the PrapCrty. thc proceeds shall be upplicd to the sums�ecured by this Security Instrumcnt,
<br /> whether or not then due, with uny excess paid ia Bnrrawer. In thc cvent of a partiul taking of the Property in which the foir
<br /> market value of thc Property immediately before the taking is tqual to or greater than the amount of thE sums secured by this
<br /> Security Instrument immed�ately befare the taking, unless klonower and I.ender otherwise agree in writin�,the sums securod by
<br /> this Security Instrument shall be reduced by the amount of the proceeds multiplied by the follo�ving 4h•nction: (u) the total
<br /> amount uf the sums secured im�nediately before thc�uking, divided by (b) the fuir market value of the Property immediately
<br /> before the taking. Any balance shall be paid to Borrawer. In the event of n puttial taking of lhe Prapeny in which th� fair
<br /> market value of the Property immediatcly bcfare the taking is less tha�i the amaunt uf thc sums secured immediately before thc
<br /> taking, unless Bor�ower and I.ender othenvitie agrce in wnhng ar unless applicuble law otherwise provides, the proceeds shall
<br /> be applirJ t��the tiunn�crurcd hy thiti Crrurity Intitrument whcthrr ur not the sum+.ue then duc.
<br /> If thc Proprrty is ubandoncal Uy Hurruwcr,or if,ulirr nutirc hy L.rnder to Burrowcr that thr cundrnmur uffcrs to mukc an
<br /> award or satdc u claim f��r dumageti, Borrnwcr f:�lls ui respcmd tu Lendcr within �U days af'ter thc dute the nutice is givcn.
<br /> l.endcr Is uuthoritcd ti�cnllect io�d npply thc pra�:cJti, at it�uptiim,cithcr tu restoration ur rcpuir of'thc Property ur to thc sumv
<br /> ticcurcd by thls Srcurity In+trum�nt,whcthcr ur ni�t thcn duc.
<br /> Unlc�ti l.cn�lcr�uxl Fk�rrowcr athcrwisc ng�cc in writing. uny upplicntion uf {mKCCd+ t�► prirnipal shull nat cxtcnd or
<br /> �n►p��nc thc�luc d�itc uf'tl►c mnnthl piiymcnts rctcrrcd tu in parugruphr I imd 2 nr chun�!c U�c untuunt uf such puymcnts.
<br /> Il. Rorraw•pr Not Keleyr•irdt�'�r�'��nce Iiy I.ender Not w�Ywlver. I:xtcntiiun aP�hc timc fc+r payment or mcxliticution
<br /> uf amortirc�!iun aP thc.umti,ecurcJ hy thls Sc�ririty Instrumcnt gr,intcd by [Andcr t�,nny sucresc�or in fiitcrest��f Bc�rrc►wcr shall
<br /> nut uperutc ti�rrlauc thc fluUility ul'thc uriginal Aorrnwcr ur Horruwcr'++uccc+tiurti in intcrest. I.cndcr shall not bc rcquircd to
<br /> canutxnce paxeedings uguinst uny yuccessnr in interrtit ur refusc tn extaid timc fur payment or utherwise modify u�nortiz.ution
<br /> �if the �wnti +ccurcJ I�y this Sccuriry Instrwmnt by rcasun af uny dcm:uiJ madc by thc original Borrowcr or 8orrowcr's
<br /> succe+y�»:s in Interest. �lny furbearance by Lender in exercising uny r�ght or remedy shuU nat be a waiver of or preclude thr
<br /> cxcrcisc of any right ur rcmedy.
<br /> l2. Sua�sore and AsstRn9 Bound; Jo(nt and Several LtablUty; (;u•slgners. Thc covenants and agrecments of this
<br /> Security Instrument shAll biad a�xi benefit the successon und assigns af I.ender and Borrower, subject to the provisions of
<br /> S,aragr.�Qh 17. Borrower's covenants and agrccmcnts shull be joint and sevcrul. Any Honower who co•signs this Security
<br /> Instrument but does not execute the Note: (a)is casigning th�s Securiry fnstrumem onIy tu uio�Ybage. gra�t and:anrey sh.�i
<br /> Borrowcr's imerest in the Property under the terms of this Sccurity Instrumenr (b) is not personully obligated to pay the sums
<br /> secvred by this Secudty Instrument;and(c)agree�thut Lender und uny other Borrower may agree to extend,mcxiify,forbear or
<br /> make any accammadutions with regard to the tcrms of this Security Instrument or thc Nate without that Borrawer s consent.
<br /> 13.Loan Ch4rges.If the loan secured by this Security[nstn►ment is subject to a iuw which sets maximum loan charges.
<br /> and that luw is finally interpreted sa that the interest or other loun chnrges collected ar to be collected in connection with the
<br /> loan exceecl the pertnitted limits.then: (a)any such loan charge shall be reduced by the amount necessnry to reduce the charge
<br /> to the pertnitted limir and(b)any sums already collected from Borrower which exceeded permitted limiis will be refunded to
<br /> Bonower. Lender may choose to make this rcfund by reducing the principal owed under the Nate or by making a direct
<br /> payment to Borrawer. If a refmid reduces principal, the recluction will be treated as a partial prepayment without any
<br /> . prepaymcnt chargc under the Note.
<br /> 14.Notices. Any notice t� Borrower provided fur in this Security[nstrument shull be given by delivering it or by muiflng
<br /> it by first class mail unless applicable law reyuires use of another method. The notice shall be directed to the Property Addrcss
<br /> . or any other address Borrowex dcsignatcs by notice to Lcndcr. Any notice to Lcnder shnll be given by first class mail to
<br /> L.ender's addrcss stated herein or any other address Lender designatcs by notice to Bar�ower. Any notice provided for in thts
<br /> Sccurity Insttument shal!be dcemed to ha�•e bcen given to Honower or Lender when�iven as provided in this puragruph.
<br /> 15.Governing Law; Severability. This Security Instnunent shull bc govemed by federal law und the law of the
<br /> ' jurisdictton in which the Property is loc:ated. In the event that any provision or clause of this Securiry Instrument or the Note
<br /> conflicts with applicable law,such conflict shall nat affect other provisions of this Security Instrument or the Note which can b�
<br />_ given effect wlthout tlie conflicting provision.To this end the provisions of this Security Instrument s�nd the Note are declared
<br /> to be sevcrable.
<br /> 16.Borrower's Copy.BQrrower shlll begiven one conformed copy of the Note and of this Securiry Instru►r�ent.
<br /> 17.Trensfer of the Property or A BeneAcial Interest tn Borrower. If all or any part of the Property or uny intcrest in it
<br /> is sold or transferred(or if a beneflr�al interest in Borrawer is sold or transferred and Borrower is not n natural person)without
<br /> i Lcnder's prior w�ritten consent, Lender may,at its option, require imrnediate payment in full of all sums secured by this
<br /> Sc;curity Instn�ment.However, this option shall not be exercised by Lender if exercisc is prohibited by fedcral law as of the dnte
<br /> of this Secudry Instrument.
<br /> If Lender exercises this option.Lender shall give 8orrower notice of acceleration. The notice shall provide a pedod of not
<br /> ; less than 30 days from the date the noticc is delivered ur mailed within which Bonuwer must pay All sums secured by this
<br /> Security Instrument.If Borrower fails to pay these sums prior to the expiration of this pe�iod, Lender may invoke any remedies
<br /> permitted by this Security Instrument without further notice or demnnd on Bonower.
<br /> 18. Borrower's Right to Relnstate. If Borrower meets certnin conditions, Borrower shall huve the right to have
<br /> en:orcement of this Security Instntment discontinued at any time prior to the earlier of: (a) S days (or such uther period a.s
<br /> ; applicablc law muy specify for retnstatement) hefore sale of the Property pursuunt to any power of sule containod �n thi s
<br /> Security instntment;or(b)entry of n judgment enforcing thts Security Instrument.Those conditions are that Borrower: (a)pays
<br /> ' Lender all sums which then N-ould be due under Ihis Sctiurity In,trument und the Note ns if no acceleration had occurred;(b)
<br /> curcs uny defuult of uny other covenunts or agreements; (c)pays all expenses incurred in enforcing this Security [nstrument,
<br /> ' including, but not limitcd to, rcasonablc attomeys fee�:und(d) takcs such nction ati IAnder may rcasonably require to ;usure
<br /> that the Iten of this Sc:curity Instrumcnt, Lc;nder's rights in the Property and Bormwer's obligution to pay the sums secur�by
<br /> .�.:_ c........:�,, in��n�mpnt chnll rnntinue unCh:iIleCt1. UDOtt reinstatement by Bonower, IhIS Security Instrument 311(I tI7C
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<br /> obligations secural hereby shall mmain fully cffc�ctive us�if no ucceleration h�d occurred. However,thts ngnt to retnseste snaii :
<br /> not Apply in the case of accelcration under puragraph 17.
<br /> 19. Sale ot Note; Change of Loan Servicer. Thc Notc or a partial interest in the Note (cogether with this Security . :
<br /> Instn►ment)may be sold one or more times without prior nutice to Bonower. A sale muy result in a chungc in the cntity (known
<br /> a�the "Loan Servicer")that colleccs monthly payments due under the Note und this Security Instrument. There also muy be one
<br /> or more chnnges of the Loan Servicer unrelatcd io a sale of the Note.If therc is a change of the Loan Servicer.Borrower will be
<br /> given written notice of the change in uccordance with paragraph 14 above and applicable It►w.The notice will state the name and
<br /> address of the new Loan Servicer und the address to which puyments should be made. The notice�vill also contain any othcr
<br /> information required by applicable law.
<br /> 20. Huzardous Substances. Borrower shall not causc or permit the presencc. usc, dispos:�l, stotage, or releasc of any
<br /> Hazardous Substanccs on or in the Property. Borrower shull nnt do, nor allow anyonc else to do, anything affecting the
<br />_ pioperty that is in violation c�f any �nvironmental Law. The pn�c�iiig cwo sentences shall nut�pply w dic presence, use, or
<br /> storage on the Propeny of small quantities of Hazardous Substances that are generally recognized ro bc appropriate to nomial .'
<br /> residential uses:u�d to muintenance of the Property.
<br />— v,,�o a oi e Form 3028 8l30 _
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