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<br /> substw►tiully equivatent mortgage insurunc�coveruge is m�t uvuiluble. Barrawer shall pay to L.ender ench month n sum equul to
<br /> anc-twclfth af thc yoarly mortgagc i¢�uranco promiuin bcing psid by Borrawer when the insurance covcrugc lupsed or censed ta
<br /> . • Ir . r . .�::i..,.--.•,.J,...,a�-».,a«.a,..�,...,...,,�„��.�.• g I.T�� r.�*mP in Hrn nf mnrtaanr ins��rHncr i�GC re�s�!rv� .
<br /> lA;111 6utA.�. a.Miiur. �...va........�.,..........�r^�•••-......... .. _ . .. -_
<br /> payments muy no iongr.r de rc,�yui.�d, dt ths:��ptiar�of l.vndcr,if mortgasc itrsuruncc coversge tin s!►e umount ans!for tlx�period _
<br /> thut I.,cndcr rcquires)prnvided b,y an insurcr approved by l.cnder again becames availuble and is aMuin�d. }3urrawcr shall pay
<br /> thc prrmfuu�s requircd to maintnin mongngc insurnncc in effcct,or t�pr��vidc u loss rescrvc,un[il thc rcquiremcnt for mortguge �
<br /> intiurunce euds in uccardance with any written ugreen�ient hetween&rrruwer und I.ender ur.ipplicuble luw.
<br /> 9. Inspectlon. I.cndcr or tts ugant muy mukc rcasanublc enrricti u{xm and inspections�►f thc Property. l.cndcr sl�idl g(ve �
<br /> Borrowcr nnUce at the time of or pdor to an inspectiun hperifying reascmiible cause for the inspection. �_,
<br /> l0. Condemnrtian.The proceeds of uny uwurd or claim fnr dmnAgcs, dircct ur canscqucntial, in conncction with uny
<br /> crnxiemnation or other takinb nf uny part of tho Properry, or for conveyance in lieu af condemnati��n, are hereby nssignal nnd�
<br /> tihnll bc paid ta l.endcr.
<br /> Iii tl�c c��cnt of a total taking of thc Property,the prnceeds shall hr npplicJ to the�ums.+ccured By thiti Security Instrumceu. �
<br /> whether or nnt then duc. with any excess puid to Burrawcr. In thc evcnt of u partial taking of thc Praperty in which the fuir�
<br /> markct vuluc of thc Praperty immcdiatcly before tl�c tuking is cqual to or grcatcr than thc umount c�f thc sums secured by this�Q
<br /> Security Instiument immediutely before thc tuking,unletis Borrower und L.en�Cr otherwise agree in writing, the sums secured by
<br /> this Security Inttrument shull be rcduced by thc amaunt of thc pracceds multiplicd by thc following fraction: (u) the total
<br /> umount of thc sums sccurcd immedlatcly before the takin�, dlvidcd by (b)the futr murkct value af the Property immodiately
<br /> bcfarc thc tuking. Any baluncc�hall bc puid tn Borrawcr. In thc event of u partiul taking af the Property in which the fnir
<br /> mnrkct valuc aF thc Propcny immediately before thc takIng is less than the emount of the sums sccured Immedlatcly beforc the
<br /> tuking.unlecs Barrower and I.cnder otherwisc agrec in wrlting or unless upplicnble luw otl�erwise provid�5,the procecds shull
<br /> be uppliecl to the sums secured by this Security Instrument whether or not the sums ara then due.
<br /> If the Property is abandoncd by Bnrrower,or if,ufter naticc by L.ender to Borrawer thut the condemnor offers to make an
<br /> nwurJ ur settle u cluim for damages. Bonower fuils to respond to L.ender within 30 days after the date thc notice is givcn,
<br /> i.ender is uuthari•r.ed to collect and npply the proceeds,at its optton,sither ta restoration or repair of the Propeny or to the sums
<br /> secured by this Security Instrument,whether or not then due.
<br /> Unless Lender und Aorrowcr otherwise usree in writing, any applicatton of proceeds to principal shull not extend or
<br /> pastpone the due date of the�uuuthly paynie�us referred to in paragraphs 1 and 2 or change the umount of such payments.
<br /> 11.Borrower Nnt Released;ForbeArstnce By Lender Not A Wptver.Extension of the timc for payment or modification
<br /> of nmortfzatian of the sums secured by this Security Instrument grunted by Lender to any successor in interest of Bonowcr shall
<br /> not opernte to releuse the Uabillty of the originul Barrower or Borcower's successars in interest. L.ender shall not be required to
<br /> comme�Ke proceedings ugainst any successor in Interest ar refuse to extend time for payment or otherwise modify amortizatlon
<br /> of the sums secured by this Security Instntment by re�son of uny demand made by the original Borrower or Borrower's
<br /> successors in interest. Any forbearunce by i.ender in exercising any right or remecty shall not be a waiver of or preclude the
<br /> eeercise of nny right or remedy.
<br /> 12. Successors and Asslgns Bound; Jotnt Rnd Severnl I.iablUty; Co-s(p,ners. The covennnts and agreements of this
<br /> Sccurity Instrument sh�ll btnd urd bencfit the successon and assigns of Lender and Horrower, subject to the provisions of
<br /> paragrAph l�. Bonower's covenants and agreements shall be Jolnt and several. Any Borrower who co-signs this Security
<br /> Instrument but dces not execute the Note: (a) is co-slgning this Secudry Instrument only to mortgage, grant and convey that
<br /> Bonower's interest in the Praperty under the terms of this 5ecurity Instcument; (b) is not personally obligated to ay the sums
<br /> securod by chis Securicy Inscrumem;:.uxI�ci ugrcc�ti�ut i.ei►dsi ai-�u a�y�ih�t Eottowsc ttz�y ags�e to exsenQ.modf��,fQr��r er
<br /> muke any accommodations with regard to the terms of this Security Instrumcnt or the Note wlthout that Borrower's consent.
<br /> 13.Loan Chstcges.If the laan secured by this Security Instrument is sub�ect to a law which sets maxlmum loan charges.
<br /> and that law is finally interpreted so that the interest or other loan cherges collected or to be collected in connectton with the
<br /> loan exceui the permitted Iimi4s, then:(a)any such loun chnrge shall be reducad by the amount necessary to roduce the charge
<br /> to the permitted limit;and(b)any sums already collected from Borrower whtch exceeded permitted limits will be refunded to
<br /> Borrower. Lender may choose to make thls refund by reducing the principal owed under the Note or by making a direct
<br /> payment to Borrower. If u refund raluccs principal, the reductlon will be tmated as a partial prepaymcnt without any
<br /> prepayment charge ander the Not�.
<br /> 14.Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by malling
<br /> ii!sy zrst ct�s.��:f!cnl�ss app:f�^,�le:s:•r reqttfres:!°e of sti^!her�+.+.etg�,•�_ 'P!�•nntjrP chall F+r dir�r�ta1 m�hr.Pmnerta AAdn�c
<br /> or any other address Borrower designates by notire to Lender. Any notice to Lender shall be gtven by first class roail to
<br /> Lender's address statod herein or any other uddress Lender designates by notice to Bonuwer. Any notice provlded for in this
<br /> Socudty Instrument shall bc decmed to have been given ro Borrower or I.ender when given es provided fn this paragraph.
<br /> 15.Governing I.aw; Sever�bility. This Secudty Instrument shall be gavemed by federnl law and the luw of the
<br /> Jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instntment or the Note
<br /> conflicts with applicable law. such c�n(ltet shull not affect other provisions of thls Security Instrument or the Note whlch cun be
<br /> given effect wtthout the confllcti ng pmvision. To this end the provisians of this Secudty instrument and the Note are declaral
<br /> to be severable.
<br /> 16.Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this 5ecurity Instrument.
<br /> 17.Transter of the Property or A Benef�cinl Interest tn Borrower.If all or any part of the Property or any intcrest in it
<br /> is sold or transfenal(or if u beneficial interest in Borrower is sold or transferred and Horrowcr is not a natural person)without
<br /> Lender's prior written consent. Lender may. at its option, require immediate payment In full of all sums secured by this
<br /> Security Instrument.However,this option shall not be exercised by Lender if exercise is prohibited by federal law as of the datc
<br /> of this Security Instnmicnt.
<br /> If Lender exercises this option, Lcnder shall give Borrower notice of acceleratIon.The notice shall provide a period of not
<br /> less than 30 days from the date the notice is delivered or mailed within which Bonower must pay all sums secured by this
<br /> Security Instrument.If Borrower fuils to pay these sums prior to the expiration of this periad, Lender may invoke any remeclies
<br /> : permitted by this Sccurity Instrurnent without further notice or demand on Borcower.
<br /> � 18. Borrower's Rlght to Rei�utate. If Borrower meets cectuin cmidittons. Borrower shall have the right to havc
<br /> enforcement of this Secudty Instmment discontinuod at any time prior to the earlier of: (a) 5 days (ur such other period as
<br /> • npplicable luw may specify for rcinstatement) beforc sule of the PropeRy pursuunt to uny pnwer of sale containal in this
<br /> ' Sccurity Instrument;or(b)entry uf a juJg�nent enforcing d�is 5ecurity Instrumcnt.Thosc c�nditions ure that Borrower:(u)pays
<br /> Lender all sums which thcn wo��ld be due ut�der this Se�:urity Instrument und the Note as if no accelerntion hud occurnxl;(b)
<br /> • cures any default of any other cavenants or ugreements: (c) pays atl expenses incurred in enforeing this Securiry Insuvment.
<br /> . including, but not limited to,reasonable attorncys•' fees; and(d)takes such nction as Lender may reasonably require to assure
<br /> that the lien of this Sccurity Instrument, Lcnder's rights in tho Property and Borrower's obligation to puy the sums secured by
<br /> this 5ecurity Instrument shall wntinue unchangod. Upon reinstntement by Borrower, this Security Instrument and the
<br /> obligations secured hereby shall remain fully effective as if no uccelerntion had occurred. However, this right to rcinstate shnll
<br /> not apD�Y in the case of accelerntion under paragraph 17.
<br /> 19. Sale of Note; Change of Loan Servieer. 1'he Note or :�p3rtiai irneresi in �ne ivo[e icogecner wim cnis �ecuriiy .
<br /> Instrument)m�►y be sold one or rnore timac without prior notice to Borrower.A sule niay result in a change in the entity(known
<br /> u�the"Loan Servicer")that colla:cts monthly�uyments due undcr the Note and this Security Tnstrument.There ulso may be one
<br /> or more chunges of the I.oan Servioer unrclated to u sule uf the Nute. If there is a change of the Loan Servicer,Borrower will be '.
<br /> given written notice of the change in accordunce with paragraph 14 above und applicuble luw.The nutice will state the name wzd
<br /> address of the new Luan Serviccr und the address to which paymcnts shnuld be made. 'I'he notice will ulso contain a►ry uther
<br /> informution required hy applicable luw.
<br /> 20. Hu•r.ardous Substencey.Burrowcr shall not cause or permit thc presencc, use, disposal, storagc, or rcleasc of nny
<br /> Haz:trdous Substanccs on or in ihe Property. Borrower shall not do, nor allow unyone c(se to Ju, anything affecting the
<br />— Property that is in violatiun uf uny Environmental Lu�v. The pmceding two sentences shall nut apply to the presence, use, or
<br /> storagc on thc Propc�ty of smalti yuuntitics of Hazarcious Substuncc� thut urc genernlly rccogniud to bc�ppropriate to nom►at
<br /> residentiul uscs und to maintenuncc of thc Property.
<br /> a.se a oi s Form 3028 9190
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