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<br /> �� . � snbstan6alIy e�quivalem mortgaga i�vrance coveraga is not availabte.Borrower shalS pay to Lendec each mnnW a sum equa!w _
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<br /> . �Sn�tWclt�h Pf the yearty mortgage ins�uunce ptentiqm being p�id tsy Botrower when the uuurance rn�erage lapsed or ceasad w . `:;
<br /> `' ,,.',: '��� `,�< be in effecc.Lender wii!actept.use a¢d ntain th�e paymeats as a iosc resence in tieu of mortgage insurance. Loss reserve s, ,
<br /> � �.' � ;� ` at the o tton of I.crider,if mnrt�ge insuianse coverage(in tPte amou�t and for t€ie pe�od , .�.,
<br /> ,�,�. ayments n4ay no lun�r Fse tequired. p °�.
<br /> ' _ t�a t Lender requims)provided 6y�ensnmr approyed b�[xnder a g a iQ becomQS availabte and is obtained.Burrower s�al1.pay :i;
<br /> .- ' tLe premiums requued to maintain mortgage uuwance�effecE,a�ta pmvide a toss�esePrc.unn'1 the rcquireaaent for martgage� . �.,
<br /> • ,6��,�c�� insvrancg ends in accordance with any written agaemeat betweeo 8orrower.and Lender or applica62e law. �.�.
<br /> �'`��a • 9.It�sQec�.on.Lender or its��ger,t.may malce ceasonable entries upan aad insyeccions of the�*raperty.Lender s�all give �
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<br />: °."�� ,,l*. ''`."'�"`'�' • Borrower aotice at the time ef or prior'ta az�ihspectioo s�cifying reasonab2e cause for the inspertioh. =;,
<br /> _. �•F:,:'..:� ..C 10'Cond�natfon.'i'he pmoeeds of any award ar claim for damages.di�ect or wnsequential,in'ooanection with any� � , .:F:`_
<br />. " �t;.''` ;`:, .;:w`. coi�deinnatian or other ta&ing of auy part of•the PropeKy,or for oonveyance in lie�of condeamation,are t�reisy assigned and � - ;E_-7--
<br /> ; ,;' . .� sh3116e paid to Lender. "-"
<br /> � In the event of a totai taking of the ePP� y `� ,
<br /> . :` ' <.:.':;t � Pmperty.t6e pmcee�ls shall be Ued to the siuns secured h this Security Instrument. �.
<br /> ,�'i;'�'��,,;���. whether aY aot then due. �virh any excess paid to Bo�rower. In the event uf a partial taking of the f'mperty in which the fair
<br /> F--� __ - markel v�iue of t�P�erty im�nediatety before the taking is equal w or greater tdan the amount of tHe sums secw�d by this ;
<br /> �� '� •• Security Instrument immediately before the taking,unless Borrower and Lender otherwise agree in wripng.the sums secvreQ by
<br /> this gecurit Insmlment shall be reduced by the amourat of�tbe proceeds multiplied by the following fsar�ion: (a} the totat � � "
<br /> ...`e ,4,`. .. amount of the swns seeured immediately 6efore the taicing.div[ded by(b)the fair n�aricei value of tM Property immediatety �
<br /> . . , _���;�%, ' befocie the takiug. Any balance shall be paid to Borrawer. In the event of a partiat taking of the�roeerty in wtuch tlie fair __
<br />���,.,: ` •:a`.,��, market Yalue of die Properry imtnediately 6efore We tsldng is tess than the amount of the swq�s secured imme�ately 6efore the
<br /> ' �- taking,untess Borrower and I.e.nder othenvise agtee in avriting or u n Iess apg ll c a b le law otherwise provides.the proceeds shall
<br /> -----=- De apptTea to tRe snc►ts sC�T�'aY mis�qs.i.y It�uuui�,i's w�c:uc,.n�n,t'��a�'�•Z�. � _----
<br /> `' ' if tfie Praperty is abandoaed by Bocro�ver,or if,after notice by Leader to Sorrower that ihe condemnos offeis to make an �_
<br /> . ' �> ��,�-�' :_,fh award or seule a ctaim for damages. Bomower fails to rapond'ta I.ender within 30 days after the date tirz notice is given, �,_,-,_
<br /> .:•�: ,• _.,`: .<< �<i Lender is authorized to oolteet and apply the p r o c e e d s,at its optioa.ei t 6 e r to res tora t io n o r re p a i r o f t h e P r a g e r t y or to the snms --
<br /> , secured by this Security Instrament.whether or not then ciue. ���'
<br /> . . Unless J�nder and Borrawer otiaerwise agcee in writing.any applirarioa of pmc�eds [o principal suail not extend or
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<br /> . . . . Postpans the due date of the monthly payments ceferred to in pa�aSraphs t am12 or c6ange the amount of sucb paymenu. � ��
<br /> 11.Bflrrower Not iteieased;Fo�'beaisnte B�I.eader 1lTot a Wetver.Extension of the time for payment or modification �,....r,
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<br /> 4 ` of amnrtizatioa of the suins secure�i by this Security instsument granted by Lender to atry saccessor in interesE of Borrower sha19 . __
<br /> . not opetate to retease the ltability of the origiaal Borrower or`Borrawer's suaessars ia interest.Ixnder shalt nbt 6e required to �_ -
<br /> .-�'_��':.:.�.,'"�.:` commence proc�edings againn any successor in lntenesi or refuse to extend dme for payment ur ot4erwise modify amomzation �°�--.
<br /> '� . "�':E:`•. � ` •of the sums secured 6y this Securiry Instnunent by reason of any de�and made by the origtnal Eorruwer or Horrower's :�-.
<br /> . � � �°�:`".' sac�cessors in interest. My forbearance by Lenderin exemising any nght or rettiedy shall not be a waiver of or preciude the �,-,-_;-„
<br /> ''` ; . ''�''• • exercise of atry right or remedy. �j_
<br /> ;,�..: •.•, '''�` 1 12.�Successors�ad As4lgns Baund;Joi�and �everal Liabflity, Co-signers. The cove�ants�and agreemenu of this ' __
<br />- , . A gns
<br /> . - - . Security inmumestt shalt bind•and bene5t the s�tcce�ssors and assigns of Lender and Borrawer. ssbject to the pmvisions of .
<br /> , ' . ' ... . paragreph 17. Eorrower's covenants aud agreements shall be joint and se�eral. Any Borrower who co-signs this Security �_
<br /> ' ` • Insuument but does not execute the Nq4e: (a)is co-signing t6is Security Instrument only to mortgage.�ant and convey tuat
<br /> -` Borrowet's interest in the Pcaperty under the terms of this Security InstrumeQt;(b)is not persanatly obligated to pay t6e sums • --___
<br /> : .:"", secured by this Security iastrument:aced(c)agrees that Leader and any other Borrower may agree to sxtend,mad'sfy.forbeac or' �
<br /> � � � ;;'� make any acco�madatians with regazd to ti�e terms of this Securiry instrumertt or the Nate without that Borrower's consena- • _--
<br />- •` � ��.' 13.Loacs ettatges. If the toan secared by this Secutiry.Iastrument is subject ta a law which sets maximum loan char�.�;. .�
<br />-� � � and that law fis finally interpreted so that the interest or other loan charges coltc�ted or to be collected in connection with t�=
<br />="' , ' . .. lm�,ze exezed the permitted lim�u,then: (a)any such ia:c charge shall be reduced by�.e arnount necessary co redece the charge . �r;.�..
<br /> �� :; ��'`: to the permitted limit;and(6)any sums already oollect��from Borrower whieh exceeded permitted tiraits wc�i i�;refunded.to , ___
<br /> • ' $onower. la�et roay choose ta make[tzis refund by' reducing the principal owed under ihe Note or fry rr.3king a direct� ._
<br /> � �� � payment to t��ower. If a refund reduces princIpal. 11►e reducuon will be treat�d as a partial prepaymeut without atry _—_
<br /> ��� ,� � �.� _.• prepayment charge under the Note. � ,�.__
<br /> . • 14.1�ottces.A�ry noticc to Bormwer provided for:�this Securlty Instrument shall be given by delivering it at by mailing
<br /> . ' ' �'� it by first class mail unless applica6le law requires use ea^another method. Th�notice st�all be directed to the P�so�rty Addresg �
<br /> -==_-±-,--�:.�•�=` or any othcr address $orrower designates by notice tc� Lender. Any notice to Lender shall be given by firs^_xtass rnaii ta �.�
<br /> � � Lender's address stated herein or any other address Lender designates by notice to Borrawer. My notice provided for in this �
<br /> Securiry Insuument shalt be deemed to have been given to Barrower or Lender when given as pravided in this paragraph.
<br />= � •� � 1S.Governing I.aw; Severab�lity. This Security lnstrument shali be govemed by federal law aad the law of the ' ` _
<br /> - • _ '�;-�: }urisdiction io which the Ptoperty is located.In the�vent that any provision or clause of this Securiry Instrument or the Note
<br /> — r •��• conflicts with a�plicablc lativ,such conflict sball not affe.�t otherprovistons of this S�arity Instrument or the Ko:e which can be
<br /> _ . � - given effect wethout the tanflicting provision.To this e:�the provlsions af this Securlty Insttument and ihe l�:e are declared
<br /> to be sevenbte. ' �
<br /> « 16.Hortower's Copy.Borrower s6a11 be given one wnfortned copy of the Note and of this S�6ry Insnvment.
<br /> � � � '�� 17.�'raasfer of the Qroperty or e BeneRcial Int�t i�Borrower.If all or any part of th°.Ftroperty or any inter�st i�t it � -
<br /> = �" ' is sald or transferred(or if a beneficial interest in Barra�er is wld or transferred and Borrower is not a natura2�erson)wiihout �-°;=
<br /> , � � Lender's prior written consent. Lender may. at its a�:�ion. require imm e diate paymen t in fu l l o f al l su m s �c u r e d b y t h i s
<br /> : . Securiry Instrumen�However,this option shall not be exercised by Lender If exercise�s prohibited by federaf lar+as of the date ��:.
<br /> �. . of this Security lnstrument. � �
<br /> � � . If Lender exercises this option.l.ender shall give Hortower notice of acceleration.The notice shal!provide a period of cot �:.,_
<br /> " � less than 30 days from thc date the notice is delivered or mailecl within which Borrower must pay ai] sums secured try�this � :
<br /> � ' `` Security Instrument. If Borrower fails to pay these sums prior to the expiration of this perio6,Ixnder may'snvoke any remedies
<br /> � :. permitted by this 5ecuriry Instrument without further not�ce or demand on Borrower. !
<br /> " ' • IS. Borrorer's Ri t to Relnstate. If Borrower mce►s certain canditions. Bonower shall have the dght to have ,�•�,�
<br /> �S���� • '� cnforcement of this Secun y Instrument aismntinued at any time pr�or to the eadier of: (a;5 days(or suzh other period as —; _
<br /> '. . ' applicable law may specify far reinstatement) before sale of the Property pursuant ta any power of sale coataiued m this
<br /> � � . ' Security lnstrument:or(b)entry of a jud$ment enforcing this Security Instrument.7'hose conditions are that Banower:(a)pays ,
<br /> • Lender all sums wtiicb then would bE due under this Security instrument and the Note as if no acceleration had occurced;(b)
<br /> . � cures any defauit of any other covenants or agreemenu:(e) pays all expenses incurred in enforcing this Security lnstrumQnt, . _.
<br /> � � � inciuding,but not limited to,reasonable uttorneys fees:and (d)takes such action as Lender may reasonubty requ�re to assure .
<br /> �•• ' that thc lien of this Security lnstrument,lxnder's n�hts in►hc PropeAy and Bonower's abligAtion to pay the sums se�v*ed by .
<br /> � ' ' this Serurity instrument shall wntinue unchange�3. Upon reinstatement by Barrower, this 5ecurity lnstrument and the �,
<br /> � •" � . obligati�ns secured hereby shWt remsiin fully effective as�i no acccleration ha,d occurred. However.this right to reinstate shal) �
<br /> � • . � not apply in the case of accelerauon under paragtaph 17.
<br /> - ' 19. 5ale of Nole: Change of Loan 5ervices. The Nore �r a partial interest in the Note(together with this Security '
<br /> � . . lnstrument)may be sold one or more times without prior notice to Bonower.A sale may resutt in a change in the entity([cnown •
<br /> � ' as the"Laan Servicer")that mllects monthly payments due under the Nate and this Security Instrvment.There also may be one
<br /> � or more changes of the Loan 5ervicer unrelated ta a sale of the Nute.If there is a changc of the Loan 5ervicer,Borro�ver will be
<br /> - � � • ' given written nutice of the chu�ge in accordanee with parasraph 14 above�nd applicabte law.The notice will state the n�ne and
<br /> ,'�;�.� • -_ , address of the new Laan 5erviccr and the address to which paymems should bc made. The notice wili also contain aay other
<br /> informati�n required by applir.iblc law.
<br /> l0. Haaa�rdous 5ubsts�ttces. Barrowcr sh,711 not causc or permit thc presence, use. disposul. stora$e, or release of any
<br /> ��: �, ' ' • Hatardous Substances on nr in thc Pmperty. Bonower shall not do, nor allow anyone else tn dn. �nything afCecting the '
<br /> ' • ' Propeny that is in violation of any Environmental Law.The preceding two sentertces shall not apply tu thc presence. use, or
<br /> '• • ' ,._�._: storage on the Property of small quantities of Hs�rardous 5u6st;u�ces that are gener:illy recognized to bc appropriate to normal
<br /> � . . residential uses and to maintenurtce at the�rapeny. ,
<br /> ' � " � , � a,�ea o+o Farm 3028 9190
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