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<br /> , . �.� -• ,�e#nsuiance coverssge is ncu at•ailable.Borro��er sltat! pay tu l.ender r,.nh month a sum equal to —
<br /> �t�sntislfy�t�eL�t�t8 .. �
<br /> '-- `� ``'. � earl mo insur�ice premium being paed by Horro�cer�ri�en Uir in,uranre caccr.�e lapsee!or eeased to r „. ,
<br /> 'u' _ .. . � �. on�tvvelRh oj tlte y Y �'� ,z„.. ,�
<br /> ` be in effect.��t wiil aocept. use and retain th�e Pa)ments as a loss ��.erve in tieu af mo�tg:+ge isuurance. L�*cs reserve �;`,. �
<br /> - pa}m�nu may no longer be requitYd,at die optian o f L x n d er.i f ma r tgage i n�u r a n ce a�e era ge 1 in the amount and for the perivd
<br /> ' . ,. 'that L.eader requites>pro�ided by an imumr approved by L.endet ag;�n becomes available and is obtain�. Borm«rr s1ta11 pay �
<br /> `�'.,;� `' ( � >�< the premiamt requind tn maintsin mortgage insurance in effect,or to prcw�de a la+c resenre,until the reyuirement for rezortgage °:�-;.
<br /> � ir�surance ends in acconlan�t;�titli afly written as:reemem betw•een Botrower an3 Lendcr or�pplicab�r lasv.
<br /> . 9.Tn�tton.Lender or its agt�nt m�y malce r�uo�ble entree�upan and iaspec�tions af ti�e Praperty. Lender shall pav� •. ;,:'�
<br /> � I(i ` .'�h ..
<br /> ' Bortu�xer aotice at the time of or prior to an inspection speeifying ra:uonable cau�c for the inspectian.
<br /> � 10.Cuadeannatfon. The proceeds of any ativard or clatm for dama�r�.direct or conseyuential. in rnnnectian witb an}� _� � ,
<br /> � ` c°, co�emnation or ather tal:ing af any part of the Property. or for conve}�:�re�n �ieu oF condemnateon. are hereby assigned and� ,,,;
<br /> ' . �. �:.;, ":� s6atl i�c paid to ixnder. '
<br /> � ' In the event of a tasal taking uf thc P�roperty.the procced�shall be apptied to thr�wns�ecured by chis Security lnsuument.� :
<br /> -' ` ' -`'` whether or not then dne, with any cacesc paid[o Borrower. fn the cvent of a partial taking of the Property in which the fair'� Y, �._�
<br /> _ "`,�,:�� cnarket v�lue of the Prupert) immediately befom the taking is eyual to or greater than the amount of the+ums�ecured by this�V
<br /> � � 5ecurity inswinem isnmeJsrtely before tttc taking.ussless Botro«e�and L,eAder othcnvi�e agr�in u•riting,the sumc,ecured by Y__
<br /> - this Secarity IaStnunent shal! be redu�i by the amount uf the prexc.�is multiplied by the follotving fracuon: la) the tatal �
<br /> . .. , amount of the sums secured immediately 6efore the taking.dividad by lb)the fair martcet��a�ue of the Property irrtmediately �....,,_,:'.
<br /> • � .. t'"' before the ta[sing. Any balance shalt be paid to Borroa'er. In the event of a partial taking of the Propeny in�vhich ihe Isir �."::-.*�
<br /> , • m3rket value of ihe Property immediately before t6e takina is less than the amount of the sums secured�mmediately 6efore ttte ,;
<br /> � taking.unless Borrower snd L.ender othenvi�e agree in�vriting or unless ay�plicable laa•other�ixe provides. the proceeds shall �_.�-y
<br /> r'� t . -_
<br /> 6e applied to the sutt�s�cuced bY tlus Security Irtctrument w•heiher or not the sums are then due. _
<br /> ���, • �� ff the Property is abandoned By Sorroner.or if.after notice by l�euder m Borrower th:�t the�rondemnur offen to make an ��.__
<br /> : `�, :� �• � awatd or settle a claim fbr datpages. Borrower fails W respond to Lender w�thin 30 days aRer the date the notice is given.
<br /> . ` Leoder is authorized to rnllect and a�ly ti�e pmceeds.at iu option.either to restotation or repair of the Property or to the�+mc
<br /> �r�•,.� . ,•- `�. secured by this Security lnsuument,v��hether or not tlieo due. �lcation of mceeds to rinci al shall not extead or ;���
<br /> •. ;s...•!:�,. Unless Lender and Borro�ser othenvise asree in writing, any agp' P P F �=;•,-,:.
<br /> � ' pastpone the due date of the monthty payrstents zeferred to in paragraphs 1 and 2 or chanpe e6e amouat of sac6 payments• .,;.,.,�•
<br /> "� ' ' 11.Borro�se�'Not Released;Forb�uaace BY LeIIde�''-vot a Waives.Extension o£ct�e time for payment or modiftcation
<br /> "-'�,�!`'' of amortiTation of the sums secvred by this Security Inst�ument granted by Ltnder to a�ry•successor in interest of Borro�xer shall :,_4--
<br /> not operate to retease the liability of the original Borrower or Barrnwer'�s�nroessors in interest. l.ender shaU not be requirai to _`F-__
<br />• ; � ' � commence prac�ings against aay successor m intemst or refiue eo extertd time far payment or otherwise modify amortization '
<br /> � �:�':�`�_ of the sums secured by tlus Secvnty Insltumert by reason of any demanJ made by tha original Borrower ar Borrower's �__�
<br /> � . .� successois in interest• Any forbearance by Lende� in exercising any right or remedy shal!not 6e a waiver of o�Qreclude thc
<br /> . r.` ..'�! exencise of any right or remedy. T h e covenancs and nts af this ��"!:
<br /> � '.. • 12. Saoce�sars a n d A s s I g n s B o u n d;.�o L a t a n d S�w e r a l L i a b i li t y; C o-s i g n e rs. ��
<br /> • Secwity Instrument shall bind and benefit the succeswrs and aSSigns of Lender and Basrower, su@iect to the provisions o f
<br /> .. . h 1 7. Bom�wer s covemasits and agreemems sb.all 6e joint and several. Any Borrower wfirn co-signs this Security �".,".
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<br /> � � I�nt but�3oes not eaecute the Note:(a)�s co-sip,niag this Security Instrument only to mortg�e.grant and convey t h a t �y: .
<br /> � Bomowei s interest in the Froperty under the terms of this Security Instrumenr. lb1 is not personally obligated to pay the swns
<br /> � - ' secund by this Secunry Insuume°t;and(c)agrees that Lender and any other Borrower may agree to exteud.madify,fosbear or �':
<br /> • ..� ,` �° �ake any acrnmmodations with regard to the�[e�ms af this Security Inttrument or the Note withouc tltat Borroaer s consent. �:_..
<br /> • ' � 13.Loan C6asges. If the loan secured by d�is Securiry Instsumeat is subject to a!aw whic6 s�s maximum loan charges. �
<br /> •• � � and that law is finally interpreted so that the interest or other loan charges co1I�os to be collect��i�connection with the ��_.
<br />= ' (oan exceed the permitted I'siruu.then:(a)any such loan ct�arge shaU be reduced by the amount n�y to ceduce[he charge ___
<br /> '�.:�#:�1�,.:� � '' tarEtepetmiuc.d limit:and(b)any sums already collected from Borrower which exceeded permitted Fi�its will 6e refunded to �1�-
<br /> - �;'`:�`�•� � •'= . Bvrsorver. l.ender may chonse to make this refund by reducine the principal owed under the Note or hy maki.ag a direct
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<br /> • _ �J,�a, • ;. a ment without an ,��r.:
<br />- • _ payment to Borrower. If a refund reduces prirtcipal. ihe reduction witl be trated as a partial pr�ep Y Y =--
<br />.''`",�� `r� prepayment charge uader the Note. _ _
<br /> � - • �� 14.Notices.Any nouce to Borrower provided for in this Security Instrument shall be given hy ddiverin&et or by mailing
<br /> '�.;'�.:. �° it by fitst class mail unless appiicable law requires use of another method.The notice shaU be directed to the Property Address __
<br /> - ' or any other address Borrower designates by notice to Lender. Any notice to Lender�all be givep by first class mail eo =_
<br /> ' Lender's address stated herein or any other address Lender designates by notice to Borro�er. Any notice provided for in tfiis ___
<br />' Security Insdument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph.
<br /> '� ' �� '� �r,���pg ��; SererabUlty. 'i'his Security Instrument shall be govemed by federa! !aw and the taw of the =_
<br /> �� :`" jurisdiction in whieh the Property is lacated. In the event that any prov'e�ion or cisuse of this Seturity Instmment or the l�tote —
<br /> � � conflfcts with appticable law.such con�llct shall not affect other provisians of this Security instnrment or thc Note which can be
<br />_ •},.�.' ' �<<as effect without the conflicting pmvision.To this end tEce provisions of this Security Instrument aad the Note are declared
<br /> � ,:<:�,;.. :� --_
<br />- `-r`�., • to C�5�verable. • ---
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<br /> 16.Borrowei's Copy.Borrower shall be given one car�ormed w�af the Note and of this Securiry InstcumQnt.
<br />_ � •�, ...,'l�; 17.Traasfer oY the Property or a Beneftcial lntesest in Borrovser..IE all or any part of the Froperty or any interest in it ' -----
<br /> ' '} ' is sqld or transferred tor if a beneficial interest in Borrower is sold or n-��nsternd and Borrower is n�r��r natural person)witl►out ! _
<br /> �� � ��" Lender's prior written consen�..C�nder may. at its option, requim imnudiate payment in full af •�}f sams secured by this
<br /> .+'f'�t�t'��. ' � Security Instrument.However.thif�aption shall nat be exercisod by Lender if exercise is prohibited by federal!aw as of the date �__
<br /> �;:{.�;;:`� ..' � • of this Security Instrumen[. `�Yl:
<br /> �' ' ' � " If Lender exercises�tAis u,ion.Lender sha!!give Bonower notice of acceleration. The aotice shall pravlde a period of not _
<br />-- � � �ess than 30 days frum the date the notice �y delivered or mailed wittitrs afiich Borrower must pay all s�uns secured by this �
<br /> - �-. . . $ecurity Inspvmer.t.if Bor�ower fails to pay these sums prior to the expir�ion of this period.Lend¢s may invoke any remedies ��
<br /> ' �'.;;;`„-;;;..• ,•,• .� permitted by tl�is Securiry Instr�ment without further notice or demand aa Borrower. �—' �
<br /> ;Y,k� : � 18. Bon+u�ver s ltigb-t Yu �elnstate. lf Bortower rr:eets certain conditions. Borrower shall have the ri�t to have �j,�__
<br /> '-�`�" ' I,� ea.tiorcement of this Security Ir,r:trament discontinued at ar.',+time prior ro the earlier ai': (a)5 days(or such odier period as �.�_:
<br />-- � • . � �.�";�� applicable law may specify fc7 reinstatemerc? beforc yale of the Property pursuar,t co any puw�er of sale contai�red m this ° Y.
<br />— . . . . �:;�;}� Secunty in�tnimeni;or(b)ecrtry of a jadgmc�t enforcing this Security Instrument.Thu�conditiaos ar�that Borrowet:(a)poys �_;=:
<br /> - � • '��'r�i Lender all sums which then would be due ur,der this Security Instrument and the Note as ii'no accLteration had occurred:(b)
<br /> � . cures any default of any oiher oovenanu or agreements:(c)pays all expenses incurred in enforcin�this Security instrnment. � : _
<br /> - ' �� including.6ut not limited to,reasonahle attomeys'fees:and(d)takes such actian as Lcnder may reasona6ly requtre to assute p;= ;
<br />--- chat the lien of this Security lnstrument.Lender s rights in the Property and Borrowec s obligation to pay the sums secured by - -.
<br />- � this Security Instrument shall continue unchanged. UFun reinstatement by Borrawer, this Seconty instrument and the
<br /> - • • • , obligations securecl hereby shall remain fully effective as if no acceler,itian had occurred.However. this sight to reinstate shall :
<br /> - not appty in the case of acceleration under paragraph 17_ .
<br /> � • A���. `' 19. 5ale ot Note; Change uf Laarr S�rvtcer. The Note or a partial interest in the Note(tagether with this Security
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<br /> � ' instrument)may be sold one or more times withont prior aotice to Borrower. A sate may result in a change in the entity(known
<br /> ' •• � as the"Loan 5ervicer")that wllects monthly payments due under the Note and this 5ecwrity lnstrurnent.There also may be one
<br />- � � � � or more changes of the Loan Servirer unrelated to a sale of the Note.If there is a change o`the Loan Servicer.Borrower will be ,
<br /> -_ � � � • givea written notice of the change in accordance with parag*aph 14 above and applicable law.The notice will state the name and
<br /> ` address of the new Loan 5ervicer and the address to which paymenu should be made.The notice wiil also contain any other
<br /> infomiatian required by apPlicabte law.
<br /> ' • � Zp, �y�OUS gubstances. $orrower shall not cause or permit the pmsence. use. disposal, storage. or release nf any
<br /> - � ' ' Harardous Substances on or in the Propeit}+. Borcower shall not do, nor allow anyone else to do, anything affecting the
<br /> - � � propeAy that is in violation of any Environmental Law.The prececiing two sentences shall not apply to the presence.use,or
<br /> •' � � storage oo the Pro of smn11 quantities of Hazardous 5ubstances that are gerterally recagni�exl tv be appropriate to nom�a! ,
<br />- � - �= reside+�tial oses to maintenance of Ihe Praperty . .`
<br /> .� ---� v,c�a m e Form 30Z8 9(90 �
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