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<br /> subst+�ntiully cquivulent mortgugc insurancc c�rv�ragc is not uvuilublc,aorrowcr shull pery to Lxndcr cach month a sum cc�uul to
<br /> onc-twclfth c�t ihc ycUrl mortgugc Intiurancc prcmium bcing paid by Bonowa• whPn tiic insunincc cuveni�:c lupsc.d or ccused tn
<br /> • . ..i � „�..�•..in linrr nf n,,.No�o� inv��rNiTrr 1�icc 1'M:PrvP
<br /> DC 111 CtICCt. L.CUt�c� wi� u��cF,i� u��a��a i�.iuiu l�n.,r �:r�31�:.31.::..: »..^.�� :-....._ . . � •
<br /> puymcnts may no longcr bc r�quirul, ut thc opiiiNi ut l.cudcr, If ntortgagc insurancc cm•cr.igc tft:ihe u�►wunt and Pur tlic perl�xl _.
<br /> tliat l.�ndcr reNuires) provide<I by cm intiurer arprnvcd hy I,cnder nguin hecnntes uv�iilable amd is ohtuincd. Be�rre�wer shall puy
<br /> ihc prcntiumti rcquiral tn muintain nturtgiogc in�urancc in cff'cct,ur to prmidc u luss rescrvc,until thc rcyuiiYmcut fi�r murtgi►�;c
<br /> insurunce ends in acr�irdance with uny written u�reerncnt hetween ti��rruwer an�l [.endcr or uppliciible Inw. �
<br /> 9. Intipectlon. L.cndcr or its ugcnt muy makc rcasonahlc cntrics up�m nnd inspcctions of thc Property, I-cndcr shull gfvc a
<br /> Burrowcr nnticc ut thc Nmc ni'ur priur tu:�►i ii�spcction specflying r�:usunaNlc cuusc fitt thc in+pccUnn. �
<br /> 10. Condemnution. The procceds��f nny aw;�rd in•cluim fur dumubcs, clircct ar cunsequcnticil, in cnnnection �vith any
<br /> condcmnatfan or��ther tuking uf uny purt uf the Pr.�{►erty,nr for convcyunce in licu of'condemnuticm. arc hcrcby ussigncd und O
<br /> sl�ull bc paid to l.cndcr.
<br /> D� the e:veut uf u tolul tuking uf thc P�•��perty,the prucecds shull hr;�p�licd tn the sumti secured hy thi�Security Inslruntent,�Q _
<br /> whether or not then due, with any excesti p�dd to Burrawer. In the event of u partiul taking of Ihe Pruperty in which tl�c fuir`�
<br /> markct vuluc uf the Property immcdiutcly ticfarc the tuking iti cyuul to nr grctitcr thun tl��: uoiount��f thr suins securcd by this�
<br /> Security instrumcnt immediately bcfare thc taking,unless Hormwer und l.endcr utherwisc agrec in writing, thc rums securcJ by
<br /> this Sccuriry Instrumcnt shall be reduccd by the umount uf thc proceecls multiplicd by the foUowinb f'racticm: (a) thc tatul
<br /> umount of thc�+ums secured immediutcly before ihc taking, dividcd by (n)►he fair matkct valuc af thc Property immediutcly
<br /> befurc thc tukin�. Any balancc shctll bc pafd to Bormwcr. In thc cvcnt of a partiul taking of thc Froperty in which thc fuir
<br /> inurket vulue of the Pcoperty immcdiatcly bcforc thc taking is less than thc nm��unt of the sums sccurcd immedlutcly beforc thc
<br /> taking. unless Borrower and [.ender otherwise agree In writmg or unless applicable law ntherwi,e provides, the proceccls shull
<br /> be applied ta ihe sums serured by this Sccurity Insn•ument whethcr ar not thc sums urc then duc.
<br /> If thc Property is abandoncd by Horrawer,ar if,nfter noticc:by Lcnder to Bnrrowcr thut tl�e condemnor offers to rnake an
<br /> uwurd or settle u clnim for dumuges, Borrnwer fails to rerpand to l.ender within 30 duys after the dute the notice is giveu,
<br /> Lcnder is authori�c;d to callect und apply thc prcxccds,ut its�ptiun,cithcr to restoratiun or rcpuir of the Property or to the sums
<br /> secured by this Security Instrument,whether or nM thcn due.
<br /> Unless Lender and Borrawer otherwise agree in writing, uny upplicntion uf proceeds to principal Shall not extend or
<br /> postpone the due date of the manthly payments mferreJ lu in puragraphs 1 and 2 nr change the amount of such payments.
<br /> 11. Borrower Not ReleASed;Forbesrance By I.ender Not a Waiver.Extension of the time far payment or modification
<br /> of amonization of the sums secured by this Security instrument granted by Lender to any successor in interest af Borrower shall
<br /> not operatc to release the liubility of the original Borrower or Bonowcr's successors in interest. Lender shall not be rcquired ta
<br /> cammence proceedings nguinst any successor in interest or refusc to extcnd iime for payment or otherwise modify amortizution
<br /> of the sums secured by chis Security Instrument by reason of nny demwid mude by the ariginal Borrower or Borrower'.
<br /> succe�sors in interest. Any forbearance by Lender in exercising nny right or remedy shall nat be a waiver of or preclude the
<br /> exercise af any rtght ar remedy.
<br /> 12. Successors und Ass(gns Bound;Joint and 5everal Llabllity; Co-signers. The covenants and agreements of this
<br /> Security Instrument sh�ll bind and benetit the wccessors and asslgns of Lender and Bonower, subject to the provisions of
<br /> puragraph t 7. Bonower's covenants nnd sgreements shall be jaint and several. Any Borrower whu co-signs thls Security
<br /> Instrument but does not execute the Note: (u) is co•signing this Security Instrument only to martgage, grant snd convey that
<br /> Barrower's interest in the Property under the terms af this Security Inst�umcnt;(b) is not personally obligated to pay the sums
<br /> secure:+by this Secunty Instrument;and(c)agrees eha�I.encier:uid auy vii�ie��orcaucr maY a8ree te�E•"•und••n�1i!�Y•f^`f'?"r or ,
<br /> make uny acwmmodations with regnrd to the terms of this Security Instrument or the Note wtthout that Borrower's cansent.
<br /> 13.I.oAn Charges. If thc I�an secured by ihis Secudty Instrument is sub,ject to a law which sets msiximum loan chargcs,
<br /> and that law is finally Interpreted so thnt the intere�st or other loan churges collected or to be collected in connection with the
<br /> loan exceed the permitted limtts,then:(a)nny such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> to the permitted limit;and(b)any sums already callected from Bonawer which exceeded permitted limits wiU be refunded to
<br /> Borrower. I.cnder muy choose to makc this rcfund by reductng the principal owed under the Nate or by making a direct
<br /> payment to Borrower. If u refund reduces pmicipal. the reduction will be treated as a partial prepayment wid�out eny
<br /> prepayment charge under thc Notc.
<br /> 14.Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> i�by Cirat clm�iuuii w�la��applf.:ablt law r:qulrw usc of anothcr m�trc:�.1lte notice sh�!! Ce tlirected to th�Pmj+rrty Addrr_ea
<br /> or �ny other address Borrowcr desfgnates by notice to I.cnder. Any notice to Lcnder shall be gtven by first ctass mail to
<br /> Lender's nddrcss stated herein or any other uddress Lender designates by notice to Bonower. Any nottce provlded for in this
<br /> Security Instrument shall be dcemed to have bcen given to Borrower or Gender when given as provtded in this paragraph.
<br /> 15.Governing Law; Severabilily. This Security Instrument shall be govemed by federai law and the law of the
<br /> Jucisdiction in which the Propeny is located. In the event that any pravislon or clause of thls Security Instrt�ment or the Note
<br /> conflicis with applicable luw,such conflict shall not affect other provisions of this Security Instrument or the Note wbich can be
<br /> given effxt without the canflicting provision. To this end the provisions of this Security Instrument s�nd the Note are declared
<br /> to be severable.
<br /> 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note und of this Secur�ry Instrument.
<br /> 17.TrAnsfer of the Property or a Beneficlal Interest in Borrower.If all or any paM of the Praperty or any interest In it
<br /> is sold or transfencd(or if a beneficial interest in Borrower is sold or transferred and Borrower ts not a nuturai person)without
<br /> I.ender's prlor written consent, Lender may. at its option, rcquire immediate puyment in fall of all sums securcd by d�is
<br /> Securiry Instrument.Howcver,this option shal l not be excrcised by Lender if excrcise is prohibited by federal law as of the dute
<br /> of this Securiry Instrument.
<br /> If Lender exercises this optton, Lender shall give Borrower notice of acceleration.The notice shall provide a perlod of not
<br /> less thun 30 days from the date the notice is delivered or mniled within which Borrower must pay all sums secured by this
<br /> Security[nsuument. If Borrower fails to pay thcsc sums prior to thc expirution of this period,Lender muy invoke any rcmedies
<br /> permitted by this Socurity instrumcnt without further notice or demand on Borrower.
<br /> 18. Horrower's Rtght to Reinstate. If Borcower meets certain conditions, Borrower shull have the right to have
<br /> � enforcement of this Securlty Instrumcnt discontinued at nny time prior to the earlicr of: (a) 5 days (or such other periad ns
<br /> applicable law muy specify for reinstutement)before sale of the Properry pursuunt to uny power of sale con3aine� in thi�
<br /> Security Instrument;or(b)entry of a judgment enforcing this Security Instn�ment. Those conditions are that Borrower:(a)pays
<br /> • Lender all sums which then would be due under this Security Instrument and the Note as if no ucceleriition hud occurred: (b)
<br /> cures any default of any other covenuntti or agreemcnts: (c) puys ull expenses incurred in enforcing this Sccurity Instrument,
<br /> including, but not limited to, reasonable uttorncy+' fees;and(d)takes such uction as Lender may reusun:ibly require to essure
<br /> that the lien of this Security Instrument, i.cndcr s rights in the Property und Borrower's obligatton to puy the sums secured by
<br /> this Securtty [nstrument shall continue unchanbed. Upon reinstatement by Borrower, this Secunty Iiistrument and thc
<br />— obligatiuns secured hereby shall remain fully et(ective as if no acceleration had occurred. Howevcr, this right to reinstate shall
<br /> not aonlv in�he casc af acccicration under paragmph 17.
<br /> �19.Sale nf Note; Change of Luan Servlcer. The Note or u purtiN interese in me rvoce �togecner wiin ini��ci:u��:y
<br /> Instrumcnt)muy bc sold one or mnre times withuut prior noticc to IIorrowcr. A sc�le muy msult in a chan�e in the entity(known
<br />_ �s the "Loun Servicer")thut collects montlily payments due under the Note nnd this Security Instrument.There also may be one�
<br /> or more changeti of tl�c[.oan Servicer unrelated to u�ulc of the Note. If therc is a rhan b�e of the l.oan Servicer,Borrower will be
<br />_ �iven written notirc of the change in accdrdunce with par�graph 14 above and :�pplicable luw.The naticc will state the name:�nd
<br /> - .�ddress of the new I.oan Servicer and the uddmss to which payments should be made. The notice will ulso cuntain uny oth�r
<br />= information rcyuimcl by.ipplirablc luw.
<br /> 20.Ifazurdnus Sulntwnces. Botrrnvcr shall nut causc or permit thc prescncc, usc, disposul, storagc, or rcicasc of any
<br /> H:uarduus Subtitances on or in the Property. Borrower shull not do, nor allow anyone else to do, anytliing nffecting the
<br />-- Property that is in viulution of any Envirnnmental Luw. Thc p►rceding twu sentences shall not upply to the prencnre, usc, or
<br />= storage un the Priip�ny �if�m.dl yuuntittcs of H�vardous Substunces that are gcneritlly rerugnited tn bc�ppropriute to normul
<br />— residentiiil uscs und to maintcnuncc uf thc Pmperty.
<br />�;, Vope 3 of 4 Form 3028 8190
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