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<br /> .,,��.;.�' ; ' �bstantiat►y equivalent mortgage insurance coverage is not available.Borro�ver shatl pay to Lender each month a sum equal to
<br /> _ '•...s��'`.�.`, one-twelfth of the yearly mortga�e insurance�p��bmeatsas aloBs resen+e in lieue o�mortgage insurance.�Lws reserve _�-.�:_.�
<br /> � •." •, be i n e ff e c t. L e n d e c w i l l a t c e p t,a s e a n d r e t a i P y
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<br /> • 'k,:�; paymenu�y noionger be requii�d.at tfie option of Lender.if mortgagb��a���l e gand�i s obtained•Borrowe r sha!PaY
<br /> - � � ° that L.ender requires)provided by an tnseuer approved by[.ender aP,a+ •�.. ° • ...
<br /> , -�� �e p���ired to maintain mortgage insurance in effect.or to provide a loss reser�e,unn�l tlie requirement for mortgage �:;•��
<br /> . iasurance ends in accordance with any written agrecme�rt benxeen uies u n andLi peection�s o1f the1eProPerry. Lender shall give� ,..}..`'`�
<br /> '�-:E ' • 9.l�Spedtan. [,ender or iu agent may mulce masonabte en P b _
<br /> - Borrower notice at th�time of ur prior to an inspection specifyin$reasunable adi ect otr cronsequential. in connection with at►y� � ...'" � .
<br /> `,�:•��''- - � r,. 10.Condemnadon.The proceeds of any awa�!or claun far dams�:. , ..
<br />- .. � oondemnation or other taking of any part of the Property.or for con�eyance in lieu of condemnation.are hereby a�,igned and� .�r-`;?
<br /> �`� shall be paid to txnder. � � '
<br /> .'� :, !n the event of a total talcing of the Propeny.[he pmceeds shall be applied to the�um<<ecu*ed by this Socnrity Imtruinen4 ,
<br /> _�4. �..-�=- whethee or not then due.withm y�a�S����the talcin¢iti equa!to or�rrater�ihantthe:mou t of thee ur►4�+�F�d�b i'
<br /> m ar k c t c a t u e a i't h e P r u p e rt y Y
<br /> . ' .`�•;t- - `� Security Intitrument immediatety before the taking.uni�s Borre►wer an d L e n d c r o t h e r w i s c a g r e c i n w r i t i n g.t h c��m+�ernred b Y '
<br /> ��_._. ..
<br /> ., • . ` this Security In+t[ument sh�Il be rca[�betun the takrng.�dihi�tei t,y�bf het Pii'mabkcth�ata�i of tl,c`Prnipecty in�mcdiately ,
<br /> amount uf thc,umti sc�wrca! immed y � .�, ;' .
<br /> "� before the taking. Any haF.�m;e steall be paid tc� Bmro�rer. In the evcnt uf a partial tatcing of die Prnperty in wliicl� the fair
<br /> ��' ' ` � ` ntartct valur ot thc Pruperty iinmc�liatcly hcfure ttir t�kinF i.lc..than thc:imuunt of thc�um+�e�'urai immcdiatciy before the '
<br /> . . �akin .m�le+,R.,rr�«cr anJ l.ender mhcnvi�e agree�n ariting or ual�h,:q►plicublc la�v othen+i,e pmvidc.. the pn�cc��l.,ha11 �,::�`��'.�
<br /> � ' �, �apP�ip�����h¢,un�.•ccumal by thi�Sc�urity lnstrumcnt whcthcr c�t not thc rum.s ure then duc. z _
<br /> ' li'�he Prapeny��ubandone�f My Burrouer.nr if,after natice by Lsndcr tu&►so�ver that the�x►ndemnur ofters w makr un ��;,.���_
<br /> ' award��r +cttic a claim far damagc+. Borrowct fails to�c�pond tu Lcndcr within 30 days after the datc the rn�ticc iy givcn. �°r�'°�"
<br /> � ` I.enctrr is uwiiurized to G�ltect and appiy the pruceeds,nt it+��ption.either to restorution ar repair of the PcopeKy nr tn thc sums
<br /> � '�� sccumd by U�is Security In+trumenc,whethcr or not then due. lication oi rocceds to principal shall not eatend or . .�� �!'
<br /> ' , `: :'� Lntess Lcnder and Borrower atherwise agrc� in writing. any app' P , �-�":"�
<br /> ' • po+tpone the due date af the monthly paYmenu referrrA to in parsgraphs l and 2 or change tfie amount of such payments. •
<br /> 11.BozroRar Not Reteased:Farbea�ance BY Lender Noi a Waiver.Extension of the time for payment or modificatian x��
<br /> uf;ununization of the sums secured by this Securiry Instrument granted by Lender to any successar in inteiest of BorroK'er shall ;._ __
<br /> ..- �.: rtot operase to release the l i a b i l ity of the ori g inal Horrower or Borrower s successoss in iaterest.Lender shall not be requir�d to �
<br /> " � commence pra�dings against any successnr►n interest or refuse to extend time for payment or otherwise modify araartizatian �j :ti,�`
<br /> of the sust�s secured by this Secunry Instru.rnent by reason of any demand made by the ori�1 Borrower or Bonower s , �r _.
<br /> > . successars in interesc. Any focbearance by 1-eader in exercising any right ar remedy shalt nat be a waiver of or prectude the � -
<br />- �:�,,;:j�,::`!r'-�..�,�.�� exercise of any right or remedy. e�, '11�e covenants and agreemenu of this � •,;_;_
<br /> ,'��?� .:.:::�: .. 12. Successo�s and Assfgns Bound;Joj�aad Several LiabUity: Co-siga „
<br /> - ` ''7'�;°�"� Securit Insuu�ent shall bind and benefit the successors and assigns of Lender and Borrower. subjed to tP►e provisions of '_. .`''.
<br /> �-�-
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<br /> ' ;;,:;:��;,t�,"� paragraph 17. Borrower's covenants and ments shall be joint aad several. Any Borrower�who co-s�gana�nvse�thtyat ��...
<br /> ��":�• � Instrument but do�s not execute the IVote: (a) is co-signing this Security Instrument onl to mort ge.gant Y
<br /> '' '•'�• •�• ` Burrower's interest in the Pc�operty umier the terms of this Security Iasuument;(b)is not personally obligazed to pay the sans �,'�':,'.
<br /> � . secured by this SecuritY[nstrum�t:and(c)agrees that Lender and any other Borrower may aP,ree W extend.modify.forbear or �_-���_.
<br /> �� •^. ,� �... make any accommodations with regard to the terms of tlus Security Instrument ar the Note without that Borrower's rnnsent. __.,
<br /> . .;71�?.,';;:• 13, Loan Chalges.If the loan secured bY chis Seeuriry Instrument is subject to a law whieh sets mwcimum loan charges, � n
<br /> ' �""�' '' and that law is finally interpreted so that the interest ar other toan charges colteeted or to he oollected in connection with the �_
<br /> to reAuce the char e � �.'��.
<br />- ., loan exceed the permitted limits.then: (a)any suci�loan charge sha11 be reduced by the amount necessary S -
<br /> - to the pennitted limit;and(b}any sums already coltected from Boaower which exceeded permitted lim�ts will be refimded to _-'-__�-.
<br /> '� /' �' Borrower. Lender may choase to make chis refund by redaciag the principal owed under the Note or by malcinS a direct �_,_,-_�
<br /> ,����.a��, ent w�thaut atry E.. .^�,-°
<br /> � t'� payment to Bonower. If a refund raduces principal. the reducaon arill be treated as a partial P�YU�
<br /> • tf�llif 4 ir..:.� ,.,..
<br /> ,.�•.:;,4, ., prepayment charge under the Note. - _
<br /> ,_ r,'�yi�'`�. ` IA.Nottces.Any no6ce to Baauwer provided for in this Sr.curity Instrument shalt�given by delivering it ar by mailing � „_„.
<br /> . '"F it by first class maii unless applicable!aw requires use of anoti�er method.The nntice st�"15e directed w the Property Address ��_y�--_•
<br /> __ • • � or any other address Bomower designates by nodce to Lender. Any notice to Lender shtill be given by first class mai! to E_,�...,
<br /> L,ender s address stated 6ereia or any other address Lender designates by no;ire to Borrower. Aay notice pruvided for in this �---
<br />.�' .'.� Securiry Instrument shall be dee�sa have been given to Borro��er or I,ender when given as provided in this paragraph. _ _.
<br /> - '�'�;-,r:�,;:": ' . �.�v�ipg ��y; �v¢��ity. This Security lnstra:m�nt sha11 be goveraed fsy federal taw and the law of the
<br /> t,,�;r�`�,, • r Insuument or ihe Note
<br />— .• �s?s..� jwisdiction in ahich the Property u located. In the event that any provision or clause mf e:.is SeauitY -
<br /> '" " '� contlicts with applicable law,such conflict shall not affect other prov�sions of this Securi2y Cnsaument or the Note which can be L, _,.._
<br /> . , siven effect without the conflicting provision.To this end the provisions of this Sevlricy tnstrument and the Note are declared �;.-_..
<br /> ' •, • to be severabte. 6 �
<br />— � ' � 16.Borsower's Copy.Borrower shail be given one wnformed copy of the Note an�of t e Pro e In o�ami��ni terest in it �''-.
<br /> •,�;"�+• or a Bene�icfal Inter�t in Bon'ower.If all or any p' P T�Y Y �,.
<br /> ° ..af��, 1'�..Transter of t6e Pro�e9 . -
<br /> -�• ,:•'�';;�;;��. �.. .: ' is sotd or transferred(or if a be��:'�al interest in Borrower is so:d or uansferred and Bo:rsr�uer is not a natural person)without __
<br /> -- ' Lender's prior written conse�a. �.ender may. at its option, require immediate paymer.s in,fu�� of all sums secured by this .,;;�,.,
<br /> •• � • Security lnstrument.liowever.e:t=:s option shall not be eaerciser by Lender if exercise is�sohibited by fedetal law as of the date �
<br /> _- ',��.�, ;. � of this Security Instrument.
<br /> __ ;;_,�rn�� ' . if Lender execcises[itis op��.l.ender shall give Borrower notice of acceleration.The notiee shall provide a peciod of not � �=r
<br /> •,,.'.`x,.J. , �
<br /> f�� less than 30 days from the date r.iw notice is delivered or mailed within which Bonos«must pay all swns secured by this
<br />-- ' � Securiry Insttument.If Borrawer fails to pay these sums prior to the eapirauon of this period,Lender may invoke any remedies '.;;.i;.
<br />- �. . permitted by this Security Instrument without further notice or demand on Borrower. °����°
<br /> ' 18. Borrower's Rig6t to Relastate. If Bnrmwer meets cerlain aonditions. Borrower shall have the right to have ��L;::
<br /> � . enforcemant of this Security lnstrument discanti�ued at any time prior to the earlier of: (a)S�dA TS of sale conta3ned in thAS ��"?`.
<br /> applicable taw may specify for reinstatement) before sale of the Property pursnant to any p ..;:,:Y-
<br />-- • � • Security Instrument:or(b)entry of a judgment enforcing this Sr,cwrity Instrument.Those conditions are that Boaower:(a)pays -.-,..,
<br />— Le�cr all sums which then would be due under this Security Instrument and the Nate as if no acceleration had accurted; N)
<br /> " � ' " cures any default oY any other covenants or agreements: (c) pays aU expenses inenrnd in enforcing this Seewity,instrument.
<br /> � including,but not limited to.reasonabte attomeys fees:and(d>tsilces such action as i.ender may reasonably reyu�re to assure :
<br /> - � , that the lien of this Security lnstrument.Lender's nghts in the Property and Borrower's o61igation to pay the sums secured by .
<br />— � • this Security lnstrumcnt sfiatl continue unchangeJ. Upon reinstatement by Borrower. this 5ecurity Inswmcnt and the
<br />-=° , - • obligations secured hereby shall remain fuUy effective as�f no acceleration had occurred. Hawever.this ri g ht to re instate shaU
<br />_-_ � nvt apply in the case of acccleration under para�rapb��•
<br /> • � 19. Sale o!Note: Change of Loae Servtcer. The Note or a pazrial interest in the Note (together with this Secudty . _
<br /> lnstrument)may be sotd one or more times without prior notice to Bonower.A sale may resutt in a change in the entity(known
<br />- � a�the"1.odn Servicer")that collects monthly payments due under the Note and this Seeurity Instrument.There also may be one .
<br /> ,. ' or more changes of the l,oan Serviccr unrelated to a sale oo�nh 4 a(+nve andiappl cabte Iaw�hThle ouce will sutt the ename'anc! ��
<br /> --, -� �-' given wriue��uuticc of thc changc in accord�nce��ith P�o.-.� -
<br />— �� address of the new Loan Servicer and the addtess to which payments should be made. The notice will also contain any other
<br /> - ' information required by applica6te law.
<br /> Z0. !lezardot�s 5ubstatts�.Bonower shall not cause or permit tF.e presence. use. disposai. storage.or releas�of any
<br /> -;�} ' � Hazardnus Substances on or in the Propeny. Borrower shall not do. nor atlow anyone else to do. anything affet:ling the
<br /> - - � Property that is in violation of any Environmental Law. The preced'mg�wo sentences shall not apply to the presenee.use.or
<br /> StOT'dbC Oli thC �ic�^..Ky of sata!!quantitie��f Na�ardous Substances that aze generally reco�tized to be appropriate to nom�al
<br /> ,��v • reside�rtial uses and to maintenance of ihe Property.
<br />- -- , oego 3 01 A Fortn 3028 9I90
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