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<br /> ��5;tpnti�ilyequivdcnt i�uwnnoe rnve�o is fat• ilAbte, Borrower shall p�y to l.ender each nxinth a sum rqual to
<br /> • one•twelHf�of�he ye+ic�Y rt e i Rrepsiuun bein��id bY Bc�rmwer when[he Insuranco aiverage lapsecl or ceased to
<br /> ����.� ��r W��� q�q� yment s�rs a loss rcservc in liru of rnortgs�c insurrixe. Los� reserve
<br /> peyments rtu�y r�longer , '" �J.eifder�it mortQag�insur�nce covore�e pn the iutxwnt�r�i tor the peri��d �,p
<br /> that Lrnder roquiral Provided by an ituurcr�ppro��od 6y L.t�xler a�uin bocomes�►vwil�ble wKf iE nbuined. �orrower eh�ll p�Y �
<br /> the prcmiunu rcywraf to m�in�ain moetQa�e insursnce in effoct,�r ui pmvlde e ioss reserve,uniil the requircment for rtw�n�{r�e � E
<br /> insur�nce endR in acc�rdance with any written�rament betwan Bc�rrower Nnd Leider or NpFlicable I�w.
<br /> g. Inpect{oie. Lender�r its a�ent m+►y make reax►n�b1a en��le+upon rn�f insp�x�lan�of the Pmpeny. t.ender.rhall give
<br /> Borrawer notl�e at th�time of or pcior to�n in�p�ction speci(yin�re�soru+bla cau�e for the in�pec�ion.
<br /> 10.Ca�demwibn• 'I'he pro�`e�oda of rny awud or claim for damrQes. direce or canseyuendNl, in cunnectiun with nny
<br /> condkmn�tion or aher takinR of any put of the Propecty,or for rnnveyuice in Ncri of condomrutian, urc hercby �s.ri�r�ai wixl
<br /> sh�11 he Mid to l.ender.
<br /> In the event of a total takinR of the Propeny,the proc�als alial�lx;�pp�iul tu thc sums sccurcci by�h�tin in which ihe f�ir
<br /> wt�ethrr or not then due, with�ny excess pud ta Borrower. !n the event of w prrtiwl t�lcing of the Pmpe Y
<br /> ma�lcet vdue of the Pruperly immedi��ely before the taking is oqual to or grcater than thC anxwnt of the sums secural by this
<br /> Securiry instrument immedi�tely before the trking,unlas Borrower and Lender aherwise agra in writing,the wms tiocured by
<br /> this Socurity Instrument shall be roduced by �he e�nount of the proceocls multipliai by lho fnllowing fruc�ion: (�) thc tMal
<br /> amount of the sums secured immediately before the taking, dividai by (b) thc fair muket vglue of the Pmperty immedialely
<br /> before the Wcing. Any bwluxe shall be p�id to Borrower. in the event of r partial trking of the Property m which the fdr
<br /> rn�rket vdue of the E'ropeny immed��►��Y before the tuking is less than thc amount of the sums securod immediutely beforc tl�c
<br /> taking, uniess Borrower and Lender othenvise agret in writing or unless applicable lAw othetwise pn�vidGS, the prooeedc sh+1�
<br /> be appliod to che sums securod bY this Security Lutrument whether or not the sums are then due.
<br /> If the Property is abandunod by Borrewer,or if. aRer notice by L.ender to Bomowcr thwt thc condemnor offcrs to make an
<br /> award or settle a claim for damages, Bonower fails to respond to Lencier within 30 days after the date the notla is�iven,
<br /> Lenier is autlwrizod to collect ud apply th�prc�ads.r�t ils option,e.tber to tesWrntion or rep�ir of the Propetty or ta tho sums
<br /> aocured by thu Security Irotnutie+�t.whe�her or not then due. i�cation oF to inci stull not catend or
<br /> Unlae.� [rnder tnd Horrowe* oth�rM'ise agroe in writing, �u►Y spp' p��� IN P�
<br /> ���d���,f the m�th1y payments reterrod to in�grapha 1 a�xl 2 or chinge the attwunt of such pnyments.
<br /> 11.Borrowa'Not 1tel�bed;F°rbearsna By I'a�'"'^�WJ'ver.Extension of the time for paymes�t or modifi��ion
<br /> of amortiz�tion of th�sums securod bY th�s Security Instn►ment granted by I..ender to �ny�uccessor in interest of Borrower dull
<br /> ,not operate to relcase the lisbility of the original Bonower or Borrower's successons in intercst. I.ender shall rat be roquined to
<br /> ccmunence proceedings agdnat any�x:cese�r�n interest or refuse to extend time for p�yment or otlxrwise modifY am°rtiLtion
<br /> pf'th� wms sc�curod by this Socunry Instrument by reason of any demand mwle by t!u originsl Bc�rrower or Aorrc►wer's
<br /> su�eessora� in interest• Any fat►esrance by Lender in eaercising any right or remedy sha��not be a waiver of or proclude the
<br /> exercise of any right or rcmedy. C� .� ro����s � ���ts of this
<br /> 12. 9roonro��s snd Arei�ns I{ornd; Jolat �nd Severtd WbWty;
<br /> Sxwity�lutn�ment shall bind ud be�xfit the successory end assigns of[.enckr and Horrower, subject to tt►e provisiona of
<br /> p�ragnph 17. Hortowa's coveruu►ts and agreements sh�11 be joint and seversl. Any Horrower who oo-signs this Security
<br /> • Imtrumau but does not exa�ut�e the Nota (a) is oo-signing this Security Insttument onlp to mo►tgage, �rant and oa►vey that
<br /> r�,�,wer•x intr!e.at in We Pco�tY under the terms of this Securiry Inatn►ment:(b) is not per�orully obli6ated t°P�y th��
<br /> 'secured by tfiis SoGVrity Instiumcmt;snd(c)u8ma thAt t.en�r and any oincr nur�o:;re�ii�ay agr.,:,to axsa�.�!lfi,,f��!'yr or
<br /> make any a000�aTxd�ions WqUt reg�ud to tLe temu af this SCC�►�tY Instmment or the Note wit}wut that Borrower's con�t.
<br /> 13. I,o�s G1u�rses.If the loan securod by this Secudty Instrument ia ssubject to r'law which sda maximua lan d�r�a+.
<br /> atd th�t law is flrully interpretod so ttu�t the interest or othcr 1wn cht+ges oollectod or to be oollei:tod in oonna.�tioa antti tb�e
<br /> � la�n exceed the pernutted limif9, tl�n: (�)+�Y such loru charge shall be reduoed by the artiounc necassary to codua the cfi�c
<br /> q tita permittod limit; a�xi(b?any wn�already collectod�rom Borrower which exaadod pennitted limita w�ill6a refundad w
<br /> ' �orrawer. I.ender m�y choose to make this refund by reducing the principal owed under the Ncxe or by.,�nukina a diroct
<br /> P�r� to H�m�wa. If w refund reduces principal, the roduction w�ll be treated as a ptutial pn�aYrr►ent�witt�out ury
<br /> prc,piymeot d�arse w�der the Noce.
<br /> 14.N�thw.My�wtia to Borcower provlded for in this Security Instrucnent stnll be given by deliverin;it or by m�ilit�
<br /> it by first cl�ss m�il unless applicable law roquircs use of another method.The notia shall be dira.�tad ro the Property M�d►w
<br /> � �y oth� addrea Borrower de�igrNtes by naice to Lender. Any nocice to Lader shall be given by ficst.cWs m�ll w
<br /> Le�der'a addre�stated 6erein or any otlKr eddra� I�r desi8nuea by notice ta Bc�crower. Any raticx�rov�dad for in this
<br /> Sa�uriry ir�stniment eha11 be doemod to h�vo boen giva►to 8orrower or l.rnder wfien givon as provic4ed in th�:p�r�gnph•
<br /> IS. Gore� 1.�w; Se+'a�WUty. This Security Instrument shall be govemod tiy fodcral law and tbe I�w of the
<br /> juridiction in which the Property �s locatod-In►he event that any provision or clause of this Secutity Instn�ma�t or►he A�o1o:.
<br /> c�nflicta v,dth�pplicable law,sucfi confl�ce shall not affect other pn�visians of this Saurity Instnm'ient or the Note which cau He
<br /> �iesn ePfect without the oonflicting provisioq. To this end the provisions of this SeCurity Instrument eod the Note are doclarod
<br /> to be uverable. �. ,� �.
<br /> ��,�w�rower+d Copy,Borrower shall•1k given one�confornied copy of the Noteund of this Security I�utru�.
<br /> 17.Traeefer ot the YruPerty°r a Bcneficiv Intereat in Boi+nw�er.lf all or any part of the Propeny or tmy int�est in it
<br /> is wld or trartafcrxpd(or if a bencflcial interest in Borrower is sold or.traiuferred and Borrower is�not a natural paaon)�vithout
<br /> Lender'a prior�w►itten consent, L�nder may, at its option, require'atninedi�te payment in full of d! suero secu�ed by this
<br /> Socurity Inet�urnerlt.HowG'ver:this option slull rat be extrcised by Lerxkr if txen:ise is probibitad by federal law as of the date
<br /> of thix Security I�nstruman....'
<br /> If Le�der fxercises this opcion.Lerder shtll give Borrowu nocice of acoelerntion. The nolia shall provide a paiod of not
<br /> leas th�n 3p days from the date drc nwia is delivered or m�ilod within which Borrower muat pay all sumc saurod by this
<br /> 5ecurity In�htiment. If Borrowu fails to pay tlxse sums prior w the expirtUion of this period,L,ender m•ry involcC�ny rea�edie+
<br /> permiited by thi3 Securiry Incuument witt�out further notice or dunand on Borrower.
<br /> 1�. gon+owar's RI� to RdmWte. If Borrower meets artain a�ndilioru, H.�rrowor shall Mave the rigl�t to lu�ve
<br /> mforoanent of this Secunry inu�umene disoontinued aC.ariy time prwr to the errlier of: (a) 5 dsys (or such wher period as
<br /> appliable law may specify for �einstatement) beforo sale of the Property Wrsu�nt to xny pc�wer of sale oo�tained in tfiis
<br /> 5ecuriry lmtrument;or(b)entry of a judgmcnt enforcing this Secunty.Hutruma►t. 'lliose conditnx�s are that Horrowe*:(*).Prys
<br /> [,ender all w�ms which then wiwld be due uiider this Securiry Instrument and 1he Nae as if no acale,�ation had oavrrnd� (b)
<br /> cunp�ny default of any aher oovenrnts or agreen�►ts; (c) paYs all expenses incun'ed in enforcing this Sowrity Ieutn►men►�
<br /> includin�,but nat limited to, reasa�able nttomeys' fas: suid(d)takes such action a[.ender nxy reasonably roquire to�csure
<br /> that the !irn of this Security Instrument, L.ender's rights m the Properly end Borrower's obligation to pay tho sums securod by
<br /> this Socurity Instrument shall continue unchanged• Upon reinstatement by Borrower, this Secunty Instn�ment and the
<br /> c�bligations sa�urod hereby shall rcmain fully effective as if no acccleration t�ad occurced.How.ever, this right to rcinstace s}udl
<br /> ..,..o.,.,�.,;R�h'�xe of acceterati�>n un�er parugraph 17. _y_�.,;•�, ��,;. G,y�..�w___
<br /> ••.•_-rc-' •'--�-- O[ (.W111 S!1'Y�Cl1'. The Note or � partiai 1111CIL3l ln InG nvic �us�cuw�� .:.... ....,. ��"'�
<br /> 19. S�le ot Note; Chat�e
<br /> instrument)may be su�d one or more times without prior ratice to aorrower. A sale mey rault in a change in the rntity(known
<br /> �,g the°l,oen Servi�Yr")thwt collects monthly payments due under the Note�xl this Securiry Irutcument.Ttxre alsn rt►ay be one .
<br /> or morc changes uf the Lwn Servicer unrelatai to a salo of rhe IVota If there is a ctunge of the L�n Servicer,Horrowtr will be..-;
<br /> givtn written nutice of the change in accordance with p�ragraph 14 xbove and applicable I�w.The nWice will state the�ond
<br /> Nddrecs of th�:new L.ran Servicer anci Ihe�idrcss to which payrt�ents should be m�de. TF�e noeice will also contuln u�y othe* :�
<br /> infnrniation rcquirod by applica6�e Iaw.
<br /> Zp. ���Sub�nns. Porrowrr shell not cnuse ur permit the presenca ux, disposAl. stonge. ur relase of any
<br /> H�zprd�wy 5ubs�uncts on or in the Property Borrower shull nut do. nor alluw�nyone else to do, anything wtTecting the
<br /> property that is in violation of uny Env�ronmental law. 'it�e pracaling two seutenc�s al�all not apply to the prestna, u�e, or
<br /> swrage on the Pr��peny of sm�ll quantitics af Haxardous Substances that are generrlly rccognizcci tu be sipprc�►riste to nomu�
<br /> residrntial uses und to mainten�nce o�tht Pmperty.
<br /> n.�.a�i a Fam�OZi !/!0
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