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<br /> `��, � �'fi'�y . e insusance cov e is not availabte.Botru�er sh:ill gay m Lendcr each month a sum equat to . ��2,.
<br /> .,.�<<,,.<.�..;;r-..�� substanrialty equ�vatentmortgag . � ..., �
<br /> �-.y�: • nne-tweifth of the'Yenrty.tnortgaSe insuranse premium being p�id by Borrower�vhen the insurance covcrase 1apsed or ccased to -_. •�-
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<br /> � �` � . :�. - be IA��.��r Nr[ll accep�.use and remin these PeYments ns a loss reserve in tieu of mortga�e �nsursace. Lass reserve •� •`'
<br /> .,'�`���.����: >``�� � payments may no Rouger be r�gquue0.at the oprion of Lender.if morsgage iasurunsc cover�age(in the amount:snd for the period • � .
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<br /> •.'..r7:;YC.t :;,s.�� that I.ender.�reqairesl.�ui d e d by.an u u v r�r a P P ro v e d b y+L e n d e r a g a i n b e c o m�s��nitabte and is obtainecl. Bortawer shall pay _ .._,,-�:
<br /> . ,` ` ' the premiums required to maintmin asortgage insur.�nr.e in effect.ar to pmvide n tefss rtserve.until the requtroment for mortgage.� f;;.-:,:
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<br /> !.� � � insurance eads in awordance wixh any wdtten agtcement 6et�d�n Bomawcr and Leudet or applicabte law. � . �;`;:
<br /> �'_'�',.`�� `'°.:,�'��,:_. 9.Qnsp�ctfion.E.ender or its ag�t ntay maice rcasonabie etttries'cipon and inspections of the Prap�scy.Lender s9�all gire - -
<br /> � � '�. Borrower nottce st the time oi or pdor to aci inspeetion speeifyin�re,asotiabte cause,fai the in�xtiot�• . � �_
<br /> �;�,. `.:. � `� Y0.Cflndemnatdon. The proceeds of any award ar claim for dutnages. direct or wnscquentl�al, in wnnection wlth aAy � �i :
<br /> 4 �`�`'`��� � Co�emnation or other taldng of aay part of the Property.ar for conveyance in lieu o f c o n d e m n a t i o a.a r e h e r g b y a s s�g r r�d a n d � . _.
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<br /> stiall be paid to Lender. '
<br /> '�`�� In the�vent of a tota{taking of the Properry.�he prace�s shall be applied to the sums secured by tS�is Security Ir�strumem.� .
<br /> " ''', whether or not then due.with amr excess paid to Borrower. In the event of a partial[aking af the Property in which the fair� � `=��
<br /> f�—�-� - �ket val�e of the Propetty i�rimcdi�telY 6efore che taking is equai w or greater than the amount of the su�s secured by ahis _ P_��
<br /> ` ' `` Security�I n�nt immediate(y before the taking.untess Borrower and Lender ot6erwise agree in wri6ng.the sums secareti by'_ _� �
<br /> ``` �, ° � � � this gecurity Instnunent shal}be reduced by the amount of tAe procceds multiplied by the following fruction: (a) the total
<br />_ •�;. � �.'":;"
<br /> '. � amonnt of the sums sewred immediatety 6efore the takiug.divided by(b)the fair maricet vatue af thc PTOperty immediatelY •. •.__,
<br /> .�<_ `•. . �:�� before the�iaking.My 6aiance shali be paid to Borrower. In the evem of a panial taking of the Propeny in whicfr�he�'air �_-:
<br /> t:` : •y � mar�et value of the Property immediRtely before tiie taki�g qs less t6an the amoum af the sums secured immediateiy before the
<br /> 1•�.•-:
<br /> - �„�,,A � t{.a�king.,•u_Jnless Bormvrer and l.eader otherwise agree in wriUng or unless applicable law otfteswise pravides,the praceeAs shall �'_:�
<br /> L �, L� {J��l1Gii Io the s�ms secured by this Securiry Insdwnent whether or nat the sums are then due. __
<br /> � . � ii�v�roFcrt�-i�mnuulv��S�'i�.^F^".,.,�...:::f�.^.�_t,�.�.�g�►.mwrp that the oc�nde�nr effers to make aO - - __---
<br /> s.; � ..
<br /> ���� award or settle a ctaim for damages,Borrow�r fails.to respond to Lender within 3D days aRer the date the notice is given. �
<br /> �'� ��� F,.�der is authorized to coltect aTSd apply the proceeds.at its option,eittter to restaration or repair of the Property or to the sums ��
<br />. •-,-.°: . ` ;: ;,, secnred by this Seeurity L�ctntment,whether oc not then dde. . . �j:�=_`
<br /> •��. .� ' Untess Lender and Borrower othetwise agree in writing. any application of proceeds to principal shall not exte�d or _,�
<br /> � �•� postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amaant of sach payments: �_��:.
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<br /> `` li.Borrower Not Released;For�raase SY Lende�'Hoi a W��ver.Excension o f t he time for payiae.nt or mod�fipti�on �� -�-n:
<br /> . r �4 •' r;;•y��f of a�cortiTation of the s�ums secund by this Seauity Insm�ment granted by Lcnder to any successor in interest of Sorrower shall, -� .;:
<br /> '. ` �'` � �"`'�'� not apetate to release the liability of the originat Bomower ar Borrower's snccessors in interest.Lender shall not 6e�equired to f,,-.•;
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<br /> :�`s,:` -'�� ��cence pt,o�dings against any snccessor in�nterest or refvse to extend time far payment or otherwise modi f y amotzi2acinn � ,
<br /> F.�,; � ��. �4;,_ ` � of the svms secured by this 5ecnnty Instcument by reasun oF any demand made by ths original Borroaer or Bu�rower's � �� -
<br /> � . f� �.<,,..�:' • successors in interest. Amr forbearance by Lender in eaercising any right or remedy shaZl not be a waiver of or preclude the
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<br /> •_ �• ."'. exercist of.any dght or remedy. � �- ._-
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<br /> -�. •,,� :� � 12. Su�.�ois aad AssFgns Bound;Joint and Severa! Liability,Co-signeis. The covenanu and agreements of this ,�,.��
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<br /> .��.r�,. " • Securiry Insuument shall biud and benefit the successors and assigns of l.ender and Bortawer. subject w the provisions of � �„`;,,
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<br /> . ':.. .: paragrap6 17. Borrower's cavemattts and agrecments shall be joirrt aud several. Any Borrower who.co-signs'Wis"Seavity �__-
<br /> ' � ` c Instzument but dces not execute the Note: (a)is co-sigaing this Seruriry Instiument only to martgage,grant ewd convey that �- --
<br /> _�; ' :� . . , Borrower's interest in the PropertY under the ternis of tHis Securiry Instrumem;(b)is nat personally obligated to pay the surns -�---
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<br /> �<" f'. �`: ' .�.��;:,�. secured by tbis 3ecurity Insuumens:and(c)agrees that Lender and anY other Borrower may agree to extend,madify.forbeac or _.
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<br /> . ..� • make any ascommodations with regunl w the terms of this Security tustrument a�the Note without that Borrower's oonsen� `
<br /> �'� '�.`' `� •;r`,` � 13.Loan�Chaege�.If the loan secured by this Security Instrument is subject to a law which sets maximum lpan cha�ges. ' '�"�-^,
<br /> ��� . and that law is finally inierpreted so that the interest or other toan charges coll�or to be collected in connection with the �:,.,
<br /> .t.•�. •< ` toan exceed the pemutted timits,then: (a)any such toan chazge shall 6e redsoed by the amount necessary to reduce the c6arge ;��,,--
<br /> �,'. ,: . '.� to the pes�nit� limit;�(b)anY sums aiready coltected from Sorrowet whic'�exceeded pemutted limits will be refunded to �,
<br /> � �� � �```? Bosrower. Lender may chaose to make tBis refund by redaeing the principai owed under tile Note or by maldng•a direct �,_,.
<br /> � � payment +�Soaawer. If a refund reduces principal. the reducrion will be treateA as a partial prepaymem without nny . �
<br /> : • .. prepaymeRt charge under the Noie. �e���
<br /> '. �� i4.Notices.Arry notice to Bormwer provideA for in this S�anity Instrument shali be given by delivering it or by ma�ing ,__..
<br /> � it by first class mail unless applicable law requires use of another method.�The natice shall be directed to the Property Address ��;,.T,.
<br /> r'.•� , � or any other address Bprrower desigrates by norice to Lendes. Any.notice to t.ender shal! be given by �rst class mail�to ,��
<br /> _ -,_?�_;..:�1.:.__.._'��'� I,ender's address stated herein or any other addmss L.ender desigdateS by notice to Bortower.Any norice p:ovided fo:in this `___
<br /> Security Inshvment shall be deemed to have becn given to Borrower o�Lender when given a.s�vided in this paragraph. ;� ._
<br /> 15.Governin� Law; Severabiltty. This Security Instrument shall'be govemed by federal law and the la�e€ the'. _ __
<br /> �:' '� • � � jurisdiction in which the Property is located.In ths event that any provislon or clause of[his Security Instrument or the Note =-
<br /> t=� . � � confiicts with applicabFe ta.�r.such conflict shall not affect other provisions-of e�,rs 5ecurity Instrument or the Note which can be __
<br /> �� � given cffect without tt:s a:��flicting provision.To this end the prmisions of tn's 5ewrity Instmment and the Note are declazed _ --
<br /> � : � to be severable. � _ -
<br /> .�.. , , �,' 16.Horrawer's Copy.Borrower shall be given ane conformed copy of the Note and of this Securiry lnstrument. n _
<br /> •• 17.Transfer of t2s;Ptopecty or a Benetidal Interest in Borrower.lf a1�or an part of the Property ar any interest in it � .
<br /> '�� `� � � is sold or transferced(c�;if a benefic��tl inierest in Bortower is sold or transfened and�ortower ia not a natural p�rson)without =
<br /> � . Lender's pdor writte�a.nsent, Lender may. at its o tion. require immedia:e ent in Potl of all s�s secvred by this � '��
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<br /> . � �• • Sectirity Ir�uument. Hc:��:ver.this optian sh�ll not 6e eaercised by Lender if eaercise�s prohi6ited by fe�e-al luw as of the date „�;
<br /> • ° . ' of this Securiry Instrument, ="'
<br /> • ' �'�;:?:� . If Lender exercises this option.Lender shall�ive Borrowes notice of acceleratian.?he u�tice shali provide a period of not
<br /> . . ' ' less lhan 30 days frorri the date the notice is delrvenzd or mailed within which Borrower r�:ti�t pay all sums secured by this _''•'
<br /> � � Security Insvument. If Borrower faiis ta pay chese sums prior to the expirxtion of this period.Lender may imrokc any remed�s -
<br /> .�,�; .. ' . � .�.. permitted by this 5ecurity Instrument without further notice or demand on Bottovrer. � �
<br /> .��.r. � � 18. Borro�ver's ltl�ht to Relttstate. If Borrower meetw certain conditions,.Horrower shall have the right to have ��"��_._
<br /> • ` � enforcement of th�s Security Instrument discontlnued at any time prior to the esilier of: (a)5 days(or such other periad as :�,=
<br /> ' � � � appiicable law may specify for reinstatemenq before sale of the Property pursaant to any power of sale contained in this ,
<br /> - � . ' Security lnswment:or(b)entry of a judgmetu.enforcing this Sc�rity lnstrument. Thoce cunditions are that Borrower:(a)pays .
<br /> -. •. Lender all sums which then would be due under this Security Ir_strun�ent and the Note as if no acceleration had ocrurred: (b) �
<br /> .�"��� � - ' , cures any default of any oiher covenants vr agreemcnu: (c)pays all expens.°s incuned in enforcing this Securiry instrument.
<br /> "�� , induding. but not limited tv, reasonable attomeys' fces:and(d)takes suc��act:on us Lender may rqsonably require to assure .
<br /> � . � • that the licn of thls 5ecurity lnstcument. Lender's rights in the Pcoperty and Borrowcr's obligation to pay the sums secured by •-
<br /> ihis 5ecvrity Instrument sha11 continue unchanged Upon reinstatement by Borrower, tiiis Secudty Instrument and tha �
<br /> � � � obli�ations secvrecl hereby shall remaln fully effect�ve as if no�xeleration had occurrecl.Kc�rcver.this right to relnstate shaU
<br /> -, • • �. not appfy in Ihe case of accelerution under paragraph 17. • - :
<br /> � . 19. 5sie of Nole: Cft�nge of Loen Servtcer. The Note or a partial interest in thc Note (tagethcr with this Security "
<br /> } �. . Instrument)may be so2d ane or more times without prior notice to Borsower.A sale may resuit in a change in the entity(k�eown �y. :
<br /> . as the"Laan 5ervicer")that enllects monthly payments due under the Nute and this Security tnstrument.There also may be one '
<br /> ��'� � � • or more cfianges oF the Loan 5ervicer unrelated to a sale of the Note. If there is a criange of the Loan Servicer.Borrower wilt be
<br /> �;;'. ' given written notfice of the change in acec�rdance with paragraph 14 above and applicabte law.'f'he notice will sr.ite Uie name and -
<br /> •• . address of the new Luan 5ervieer And the address tv which p�yments shoutd be made.'1'he noEice wiU also contain any other
<br /> . � information mquired by applic;�ble law. .
<br /> ' � ' � ' 20. Hsvnrdons 5u6stances. Banower shall not cause ar permit the presente, use, disposal. sterage, or mlease of any
<br /> � • ' � Hazardous Substances n» or in the Property. Bosrower shall not dn; nor aUmv anyone else to do. :u�ything affectin� the
<br /> • Property that is in vinlation of any Envirnnmental Law. The pmceding t�vo sentences shall not apply to the presence,use.or
<br />` .. _�:t �'� '� ' , ctoragc un thc Pro erty of small quantities of Hatardous Substanccs that are gener.ilty recognited to be apprnpriate to normal
<br /> - - _. _. __ _ .
<br /> . . residential uses an to m�untenance of the i'roperry. �
<br />, , ' v,g�3 oi a Form 3028 9180
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