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<br /> •substantiully equivalcnt mortgugc insuru�xc cuvcrugc i.r• n��t wvuiluble, &xrc►wcr shall pay tu l.cndcr cach nx�nth a surn cqual tu
<br /> one-twelllh af tl�r ycurly nwrtga6e insurai�ce prcmium being puid by}3�m�owcr whcn Nic in+uruncc c�����ragc lupscd or ccaticd tu „
<br /> be in eff'ec:t. l.encier will uc;cept,use onci rctxin theae puynxnls as u loss re,erve in licu ut� m��r�gage insur:mce. I.�»s reservc
<br /> puynxnts nwy no longer t►e required,ut ihc uption af I.eixlcr,if nx�rtgagc �nsurunce cuverage(in the anx�unt unJ liir thc{xri���
<br /> that L,�ixkr rcyuire�)piY�yiJal by�n insurtr NppruveJ by l..etxler again M:comes uvuilublc uixl iti obtuincd. &�rn�wcr�hull pay�
<br /> iix promiums reyuirext to m�intYln nwn��ge inwruixe in efYcct,��r tu prnvide a loss rescrve,un:il�hc rcyuiruncnl fi�r nx►rt6aKe '
<br /> insuranee eixls in ucrurdaixe with uny writtrn ugreen�ent hetween Borrower und l.eixlir ur upplicablc luw.
<br /> 9,Inxpectlnn. l.cndcr or its ugrnt nwy nwkc rca�orwhle entrics upon i�rM.i im�ciionti i�t �he Pru�x�rly. I.ei�lcr shall give�
<br /> &irrower niNicC wt the�inx of ar prior ta an ins�ctiim specil�ying reau�oable cauk for�he in+�x:cU�m•
<br /> l0. Cotwiemn�tlon. '1'ho pr�xceds of uny :�war� or cluim fur d:+magcs. direct ur couscyucnliul, in runncrlion with any�
<br /> cuixlemruition ur aher taking e�f uny purt of the Property, or fur conveyance in licu of c��i�iemnution. ur�hereby utislgnal u
<br /> �hnll t►r pxid t�► IAixier.
<br /> In the event of a lu�wl tuking of thc Properiy,the pr�xecdc shail t�upplie�i tu th� +w�s�scrur�d I�Y t�iis Scc:ur{ty i mirumeni
<br /> wi�ether or not �hen due, wi�h uny excesz paid to F3��rrower. In thc event of a paniul �aking uf ih�a ProFxrty in which�ht 1'a
<br /> mx�ket velue of�he Pmperty imnxdiately before Ihc laking i�equal to or grcuter thuo�he unxwnt of'thr swns ktiurnl by this
<br /> Socurity Instrunxnt imnxdiwtcly beforc tlie taking,unl�s�rrower anct Lcixlcr othecwi�e agrec.in writi�ib,thc+u►m ucu�ed by
<br /> thi� Security Instrununt shull be recluced by tht unx�unt uf the proceeds multiplied by tlie following fr:+ctiun: (a)ihe 1u�b�
<br /> amount of the sums secured immediately before the tuking, dividcd by (b) the fair nurket v:�lue uf thc Property immicelielcly
<br /> bcfnre the taking. Any bpl�nce sliall be paid to Borrowcr. In the event of a partial taking of ihe Pr��perty in which the fuir
<br /> muket value of the Propeny immediately before the taking is less than the anwunt��f thc sunts sccurc�inttrn�tliutely befon�Ihe
<br /> talcing, unle.r•s Borrower ancl Lencier otherwise agree in writing or unless applicable luw otherwisc provides,tho proceecis shall
<br /> be�pplial ta the sums securocl by this Securiry lnstrurrknt whether or not the sums are then Jue.
<br /> (f the Pro}xny is aturxtonecl b)�&irroa•er,ar if, �ftcr notice by Lender to Aorrnwer lh�t the anxlemnor offers to m�ke an
<br /> awarJ ur settic a claim for damagcs, Hormwer fuils ta rcsp��nd to Ix�xicr within 3l�duys aftcr tha dute the notice is given,
<br /> I.erxier is suthorized to collext uixl npply the proceeds,at its option,either to restoration or repair of the Property or to�ht sums
<br /> securai by this Security Instrumcnt,whethrr or not then due.
<br /> Unless Le�xi�r and Bnrrower olherwise a�ree in writing, rny npplication of proceeds to principal shall nut extend or
<br /> postpone the duc dato of the monthly paymtnts refertai to in Purugraphs l und 2 or change the umuurd uf'such paymcnis.
<br /> 11.lMrrower Not Released;ForAa�rance By Lender Not�W�iver.Extension of lhe timo for payment or malification
<br /> of amortization of the sums securcd by this Securiry Instrument gruntod by Lencfer to any succeswr in intercst of Borro«•ar shall
<br /> not operate w rclease the liabiliry of the original Borrowcr ar 13�urower's successnrs in inter�st. Lender shall n�t be requi�Yd to
<br /> eommeoce proe�edings against any successot in interest or refusc to extend time fur{wy�nent or atherwise mcxiify amortization
<br /> uf 1he sums socurai by this Secur�ty Instn►ment by rea:;on of any dcmand made by the original Horrower or Borrower's
<br /> successors in�ntercst. Any forbeartuice by I.a.�nder in exercising any right or remody sha1�no1 be a waiver of or proclude the
<br /> � exercise of any right or remody.
<br /> �2. �Ora �nd Assign4 Bound;�Joint and SeverMl Li�bility; Co-s4sner�. Th� covenants and agrcenients of thiv
<br /> Security Instrument shall bind snd beneCt the successors and assigns of Lender and�3orrvwer, subject to the px+ovisions of
<br /> parngraph 17. Borrower's covenants and agrcertxnts shall be joint and several• Any Aormwer who co-signs t�is Savrity
<br /> Instruma�t but das noc eaecute ihe Note: (a) is co-signing this Security lnstrument only to mortBa6�� B��� C0"��' ���
<br /> oA�;;.z;�w,n......e:��►„P.o;,eny under the terms of this Security Inst[ument; (b) is not personallY ob�i8+ited t°,PaY the wms
<br /> seeurcd by this 8ocurity Instnunent;and(c)a;rees that Lender and any other Horrower may ag�c iu oaic��if,���:i�r•��r`'�°�
<br /> m�lce any pecumnxxiations with re�aed to the terms of this Seeurity Instrument or the Nota without Ihat Borrower's c.�onsent.
<br /> 13. La�o Char�. If the iaun secucod by this Securiry lnstnrmu►t.is subjoct tu n 1uw which sets m�ximum Ic�an eturges,
<br /> and thu Iaw is finalty interpretad•So that the intercst or other.loan clwge9 collocted'ur to be collectod in�oonnoctic►n with the
<br /> .1" '♦ nti�nw�!�{INtirA YFIMI{F1f:IY.(IIH'L1I IIV�IIIL•IIII�OLLIII IICCC.tiH�II�I���'Cdl1c�Q� charge
<br /> •• (p9I1�xCQQO[I1C�CIIIIIIIW IIIIIIW. uwi�. Sw/ wy��=-...---. _.. .., ' -
<br /> co th�perm►ttod li,mit;.and(b)uny sums atn�dy collcxtod from Borr�a��r,which eacadod pem►ittai tititite will 0� rcfunuoa u►
<br /> � Bomower. Lender,m�y cha�se to rnake thix rotund by ralucing the �rin5ipal owcd under Rhe Nutt;:�or by maki� a di�nct
<br /> paYmont to Borroutir. If a refund raluas principsil, the reductlon w,u be ueaced a,: $ �parcidl��prepaymenc without Any
<br /> prcpayment chrrge undu the Note.
<br /> 1+,�Yot{ep� �,py notice ta A��rrower provided for in this Socurity Instrumcnt shall bo given by delivering it or by m�iling
<br /> it by first cl�.ss m�il uqkss applicable I�w roquires use of another mechocl.,'Rw notice shall be dirocted to the Proper►y�►ddreat
<br /> or any other ackic�ss Borrower designales by•notice to Lencier. Any �xi►iue to l.erder shall be given by first clist m�il to
<br /> I,ender's aJdress :ulced hc.�in or any cLher addn:ss L.ende�de��Bnates by�ncxice to Bormwer. Any notia provided for in�his
<br /> Secu�ty Instrume�t shall be damed to heve bx�t given to Borrower or I,ender when given�c pcovided in this prxgrrph. •
<br /> 1S.Coverdttr Law; SevaaWlity. This Socurity Insttument shxll be govemod 6y fedeml law ud the liw uf the
<br /> jurisdiction in which tt►e Property is focated. In the event thet nny provision or clause of this Security Instrument a t1�e Note
<br /> c�onflicts wi�h applicable lxw,such rnnflict shall ncx affect atlttu provisions of this Savrity inswment or the Natt�tvbi�h can be
<br /> � given effect withpqt the conflicting provision. To this enci the provisions of this Security Instrument and the Note �re doclared
<br /> ta be severable. - '
<br /> 16.Boerowei''s CuPY•BorTOwer shall be givcn une confom�ed cupy,.of the Noto u�d of this Socurity Inst�umeru. ,
<br /> " 17.Tramkr of tbe ProperiY or�lkneticia�Interest in Borrower.If all or any part of the Property or any interat in it
<br /> is sold oc transferrod(or if�beneficial interest in Borrower is sold or transferm�i and Borrower is not a rwtucal pez'aon) without
<br /> l.enckr's prior writtcn amsent, l.etxier may, at its option, royuire iminodiate payment in full of all sums seeurod by thia
<br /> � Securiry Instiuma�►t. However, this option shall not be exercisod by Lenid�cr�f oxerc�se is prohibiied by federal law a~of the date
<br /> of this Savrity Instrumn►t. '�
<br /> if C.eixler exercises this o�tion, Le�xier shall give Barrower�wtice of accroleration. 'i'tie noti�shall provide� pttiod of not
<br /> les;:th�n 3Q days from the date the ratice is delieered or tnxiled within which Sorrower must pay all sums socurod by this
<br /> Socuriry Instrument. If Borrower fails to p�y these sums p�ac�c to�he expiration of this period,Lender tnay invoka.any remediea
<br /> permittai by this Sa�uriry Instrument without further notice ur demand on Borcower.
<br /> 18. H�►rrower a Ri�i�t to Rdretate. If Borrower meets certain conditions, Borrower shall have thc right to have
<br /> enforcemtnt of?his Security [nstrument discontinuod at any time pricn'.to the earlier of: (a) S days (or such ottxr period as
<br /> applicable law muy spoc�fy for ninsta�ement) betore sale ot the Prapeny pursuwn �o a��y ��c� cF:�:� ��•"•`-=�'�`i �!'- !h�c
<br /> Szc►�rity Instrument;or(b)entr�o!u jutlgment enforcing this Security lnstrument. T!x►se cornlitions arc thu Borrower: (a)pays
<br /> Lerxkr all sums which then wauld bu due und�r this Security lnstrument and the Note as if no acceleration hd uaurred: (b)
<br /> curcs any defiult ��f anp uthrr covtnants or agraments; (c) pays all expenses inc:urred in enforcing this S�curity Incuumer►t.
<br /> including, but nnt limitud to; retsonable attameys' fas: and (d)tak��s aich action as Lender may rwsotwbly rcqwm to acwre
<br /> ttut tho licn of lh1N Socutity Tnstrument, Lrnder's rights in the Property a►x�Borcower's obligation to pay the surns securod bY
<br /> this 5ocutity instrument �l��eontinue unchangal. Upon reinstatement by Borrower, this Security Instnunmc u�d the
<br /> ob:ig;.tiun::.c�.'used hen.�hy shall•►km��n fully effective as if no xceleration hacl occumed.However, this right to ninsute�hrll .
<br /> ��__: .f.�.... ..f.�..wlwro�inu uncler mraIICaDlI 17.
<br /> IIVi�n� ni•.n..w�.....�_�.��"" '. _- —
<br /> 19. Sak o[Notc; Change of Lam Servlcer. The Note or a partial intcrcst in the ivae ��ogaoer wii� mis �.;;��:� —
<br /> Tnstrument)�riny be sold one or more timcw without prior nutice to Burrower. A ule may result in x change in the emily(known� .
<br /> ast the"(,oan Servicer")thnt collects monthlY paYmcnts due under the Note and lhis Security Inst�ument.'Il�rc also may be a�e. �
<br /> or morc ct�ang�of the Loan Servicer unrelated to�saie vf the Note.if thtre is a chu►ge of the Lroan Servictr,Horrower wilt be
<br /> given wri►un tatice of the ch�nge in�cmrdance with parngraph 14�bove and applicable I�w.The notice will state the rWne and t""►
<br /> oddrexs af the new [.oiu� Serviar xnd the�ddrcss tu wh�ch payments stiould be mAde.The notice will also contain any other
<br /> infom�alion reyuired by�pplir.able law.
<br /> 2p, � Sub�'es. Borrower shxll nut cause or ptrmit the prcsence. use, dispos�l, st�rage,or rekase nf any
<br /> Ha::�akws 5ubstxnces on or in ihe Propeny. Borrower shrll not du, nor alluw �nyone else to do. anythin� �ffecuef 1he
<br /> propeny that is in viulatiun of uny 8iivironmental law. 'The precaling two sentrnces siudl not app�y to tlx Presaio�,usc, or
<br /> stor�ge on tlx Prop�,rty uf small yuin�itics uf Hazarcicws Subswucs ttwt+uti genend�Y nco8nizod to be�pprvpn�te to normd
<br /> rtsidenl��!uses and to rtwintcnance of tht Property.
<br /> r.o.a oe.t Fwn�302� fN0
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