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<br /> substanti•rlly ryuircalant martgagc insuruncc covers�gc is not avnilablc,&�rrowcr shull puy to l..endcr cach nxinth�� sum cyual to
<br /> - onc•twclRh of thc ycarly mortgagc imurancc prcmium hcing paid by Burrowcr wf�en thc insurancc ruveragc lupsc�l or ccusai w
<br /> tx in offcct. l.e�xiec will a�rept.utie and rctain thcsc payments us n lu�s rescrvc iit licu ut' murtgagc i�suruncc. t.�ns rescrve(p
<br /> paymcius may nu longcr be rcquircct,cu thc aptinn ot' l.cndcr. if mortgugc insurancc covcragc(in thc umuw�t und for thc perlcxl'y -
<br /> that IAndcr requircy)pruvidcd hy an in+urer approvcd hy Lcndcr i►g.Ull I1Cl'011k'ti ilYilllAhlC itl1ll Iti OI)U�incd. Rurrnwcr shall P�Y �
<br /> Ihc prcmiums rcyuircd ta�maintuiu murtgu�c�murun�c in cf fcct,or tn pruYidr u lu,�i�.crvc,until thc rcyuice�ttcnt tiir�►►t�r�U�ige N _
<br /> insu�•aurc cuds in uccur�lancc with any�vriucn ngrccmcnt batwcc��surrowcr und Iwmdcr or:!pplirabic luw.
<br /> 9. Ins�xctlu��.l.cndcr �n•iss ngent may mukc rca�onablc cntries upoii und inspectiuns of N�c F'ru�xny. l.cnder shall givc
<br /> B��rro�vcr nutice ut the time at'ur priur ta an iiis{►ecdon spccifying rcasmiublc rau,e fur thc inspection.
<br /> lQ. Cnndemn�Uon.1'hc prueccds uf�uny award or rlaim for d•rmugcs. dirccc or cunscyucutiul. in cannc�tion with uny
<br /> cundemnatian or uthcr takin� ul'uny ��an of cl�c propcny, ur fur convcynncc in Ilcu of cn:idemnation. arc hcrcby ussigual uixl�
<br /> ,hall br paid tu�.cndcr.
<br /> 1n thc cvcnt of'n tiitul t.oking oi'thc I'ra�rty.thc prucceJs shall bc applic,�i to thc sums tic�urcd hy this Sccurity lnstrumcnt.
<br /> whether ar nut dun duc.with uny exrcrs paid to Bi�rruwer. In the evcnt of u panial tuking ��f the Pr��pcny ln which thc iair
<br /> n►iirket v:duc uf thc Prc�peny innncdiutcly t►efure ihc taktng is equa� to or greater than thc anwunt of thc sums serured by this
<br /> Security Instrument immediutely beforc the tukinb,unless Bormwer and I.ender atherwise agrec in writing,the sums secutecl by
<br /> this Sccuriry lntitrument �liull be rMiuGed by thc amuunt uf thc pnxeeds multiplied by tiie fi�lla�ving fr.►ctior�: la) the totul
<br /> umount af thc sums sccurcd imtncdiately befarc thc taking,Jividcd by (b) thc fair market valuc of the Propert�� immediately
<br /> hef��rc the rikin�. Any bal�mcc zhall he paid to Borcower. In thc event of u partial taking of thc Property in which the fnir
<br /> murket v:dur of thc Propcny immediatcly hefittc the takin�; is less tBan thc:unount of dic sums sccurrd immediatcty beiore the
<br /> taking, unlcss Burr��w�r anJ I.cnJc�othenvi+c a�:,rc� in writing or unless applicable law utherwise provides, the pzoceods shall
<br /> be upplicd to the sums secured by this Security Instrurncnt whcther or nut the sums are then duc.
<br /> If tlic Property is abanduned by Borrower,or if, aftcr notice by l.ender to Borrower that the condemnor offers to make an
<br /> award or setde a claim far dumages, Borrower failti to respond to I.ender within 30 days after the date the notice is siven.
<br /> Lender is authorizcxi to collect und apply the proceeds.at its option, either to restoratian or repair of the Amperty or to the sums
<br /> securrxi by this Security instrument,whether or not then due.
<br /> Unlcss l.cnder and Borm�ver othen��ise agree in�vriting, any applicatinn of praceeds to principal tihall not extend or
<br /> postpone the duc date of the monthly payments referred to in parnsraphs 1 and 2 or chnnge the amaunt of such payments.
<br /> 11.Borrower Not Rcleused; FurbeArance By I.ender Not a Waiver.Extension af the tirrze for pnyment or modit'ication
<br /> of a�noniz:uion of the sums s�cured by tt�is Securicy Instn�ment granted[�y Lender to any suceessor in interest of Borrawer sl�all
<br /> not operatc to release the liability of thc original Borrower or Borrowe:'s successor�in interest. Lender shull not be required to
<br /> commence proceedinss against any successor in interest or refuse to extend time for payment or otherwise madify amortization
<br /> of thc sums secured by this Security Instcument by r�an of any demund madt by the original Borrower or Borrower s
<br /> successors tn interest. Any farbe:trance by Lender in exerclsing any nght or remedy shall not ba u waiver of or preclude thP
<br /> exercise of any right or mmedy.
<br /> 12. Successon� and Assigns Bound; Jotnt and Several Liabiltty; Co-sign�rs. The covenants and agreements of this
<br /> Security Instrument shall bind und benefit the successors und assigns of Lender and Barrower, subject to the provisions of
<br /> parngraph 17. Borrower's covenants and a�reemcnts shall be joint und several. Any Bo�rowcr who co-signs this Security
<br /> Instrument but dces not ezecute the Note: (u)iti co-signing this Security Instrument on(y to mortgage.grant und convey that
<br /> �arr�uer's 3�t�r�si in th�!'rop;.riy vndcr.hc i:.rrrM of:;:i, S:cusir; Instr�ment: thl;c�ot per�onally oblieated to av the sums
<br /> secured by thls Security Instrument;and(c)agrees that Lendcr and any other Borrower may agree to extend. modity,forbear or
<br /> make any acconimadations with regard to the temu of this Security Instrument or the Note without that Borcawer's consent.
<br /> 13.Loan Charges.If the loan secumd by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> and that law is finnlly interpreted so that the interest or other loan charges collected or to be callected in connection with the
<br /> loan exceed the permitted liinits,then: (a)uny such loan charge shall be reduoed by the amount necessary to reduce the charge
<br /> to the permttted limit; and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to
<br /> Borrower. L.ender may choose to make this refund by reducing tiie principal owed under the Note or by making a direct
<br /> payment to Horrower. If a refund reduces principal, the reduction w�ll be treated as a pattial prepayment without any
<br /> prepayment chargc under the Nate.
<br /> 14.Notices.Any notice to Borrower provided for in this Secur�ry Instrument shnll be given by delivering tt or by muiling
<br /> it by first cla�s matl unless applicable law requires use of another method.The notice shall be directed to the Property Address
<br /> or any other address Borrower designates by notice to Lender. Any notice ta Lender shall be given by first class mail to
<br /> Lender's eddnss stated herein or any other address Lender designates by notice to Bonower. Any notice provided for in this
<br /> Security Instrument shall be dcemed to huve been given to Borrower or L.ender when given as provided in this pacagraph.
<br /> 15.Goveming Law; Severability. This Sccuriry Instrument shall be govemed by fedetal law and the law of the
<br /> ,jurisdtction in which the Property is located.In the event that any proviston or clause of this Secdrity Instrument or the I�Tote
<br /> eonFlicts with npplicuble Inw.such conflict shall not affect other provtsions of this Security Instrumznt or the Note which ca�i be
<br /> given effixt without d�e wnflicting provision.To this end the provisions of this Security Instrument:.nd the Note ute declanod
<br /> to�e severabte.
<br /> 16.Burrower's Copy. Borrower shall bc given one conformcd copy of the Note and of this Security Instrument.
<br /> 17.Transfer of the Property or a Beneficiol interest In Borrower.If all or any patt of the Properry c�r any interest in it
<br /> is sold or tranaferrcd(or if a bcneficial interest i n Borrower is sold or transferred and Borrower is not a natural person)without
<br /> Lender's piior written con5ent, Lender may, at its option, requim immediate payment in full of all sums securod by this
<br /> Security[nstrument.However,this option shall not be exercised by Lender if exercise ts prohibited by federal law as of the date
<br /> of this Security Instrumctx.
<br /> If Lender exercises this option, Lender shall give Borrower nutice of accelet�ation.Tlie notice shall provide a period of not
<br /> , Iess than 30 days from the date the notice is dclivemA or mailed within which Borrower must pay all sums secured by this
<br /> Sccurity Instniment.If Borrower fails to pay these sums prior to the expiration of this period. Lcnder may invoke any remedtes
<br /> pernuttal by thls Security Instrument without turther nonce or demand on Borrower.
<br /> 18. Ba►rrower'� R(ght to Reinstate. if Borrower meets certain conditions, Borrower shall have the right to have
<br /> enforcement of this Security Instrument discontinued at any time prior to the earlier of: (u) 5 days (or such other period as
<br /> applicable luw may specify for reinstatement) before sale of the Property pursuant to any power of sale contained ln this
<br /> Security Inst�ument;or(b)entry of u judgment enforcing this Security Instrurnent.Those conditions are that Borrower: (a)pays
<br /> Lender all sums which then would be due under this Seeurity Instrument and the Note as if no ucceleration had occurreci; (b)
<br /> cures any default of any oeher covenunts or agrecntents; (c) pays a�l expenses incurrcd in cnforcing this Security Instrument.
<br /> including, but nnt limited tv,reasonable uttomeys' fces; and (d)takes such action as Lender mny reasonably require to sssure
<br /> thut thc licn of this Security Instrument, Lendcr's rights in the Property and Borrower's abligation to pay the sums secured by
<br /> this Security instrument shall continue unchanged. Upon reinstatement by Bonower, th�s Security Instrument and the
<br /> obligations secured hereby shall remain fully effative ns if no acceleration had occurred. However, this right to retnstute shall
<br /> no�appiy in me cnse oi acceierncion under paragrapn i7.
<br /> 19. Sale ot Note;Chunge of Loan Servicer.Thc Note or a partial interest in thc Notc (togethcr with this Security
<br /> Instrument)may be sold one or more times without priar notice to Borrower. A sule may result in a change in the entity(known
<br /> as the"I.oan S�;rvicer")that collects monthl��payments due under the Nute and this Security instrument.Them also may be one
<br /> or mum changes of the Loan Serviccr unrelated to a sale of the N��te.If there is a change of thc Loan Scrvicer,Borrower will bc
<br /> given written notice nf the ehange in acconiunce�vitti parugraph 14 above and applicable law.The nutice will state the name and
<br /> address of the new Lvan Servicer and the address to whi�h payment� should be made. The notiee will also cont;►in any other
<br /> infonnation requirc�d by applic:+ble law.
<br /> 20. Hatardous Subs�tances. Borcower shall not cause or permit the presence, use. Jisposal, storag�. or release of any
<br /> Hau:inious Substunces on or in the Property. Borrower shall not du. nor allow unyone else a� du. anything uffecting the
<br /> Propeny that is in violation of any Environmental Law. The pmceding two sentences shall not apply to thc presence,use, or
<br /> sw�age on tl�c Property of small quuntitics of H�rdous Substanccs that arc generally mcognizcct to bc apprupriate to normal
<br /> rcsidential u�cs and to maintenance of the Prope�ty.
<br /> Poqe 3 0l 4 Form 3028 9180
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