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<br /> ��' i�.2S39
<br /> LUAN #; 9396055
<br /> Unless l.ender ami Borrower o�erwise ugrse in writing,eny appiication of proceeds to principal shnll ix�t extend or{x�stpor�e
<br /> the due date of thc monthly paymems refcrred to in paragraphs I and 2 or changc the anx►unt of such paynxnts.
<br /> 11.,Borrower Not Rekaaed;Fo�be�rpnce by Ixnder Not a Walver. Exte�uion of thc tinx far paytnent or nxxlification af
<br /> amonizadon of the Rums secured by thl�Securiry Instrutnent granted by l.ender tn any successor in interest of Rorrower Fhall not
<br /> operate �o rcleasc tl�c Ilabiliry af�he original Borrower or E�rro�ver's successon in inlerest. L.etxler sliall not bc requircd to
<br /> commener pruceMiags agaiiut any successor in interest or refuse to extend timr,for payment or,otherwise modify amortization of
<br /> the surns secured by this Security Instrument by reason of any dema�xl made by the original Borrower or 13orrower's successors in
<br /> intercst.Any forbearance by�L.ender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right
<br /> or remedy.
<br /> 12. Successors w►d AssiRr�s Bound; Jotnt wn� Several L(wbll[ty; Co-slgnen. The covenants ancl agraements of Ihis
<br /> Security Instr�unent ahnll bind and benefit ths successors and assigns of Lencier and Borrower, su6ject to the provisioi�s of
<br /> psuagraph 17. Borrower's cov�nants azxl agr�ements shall be jo�nt and several. Any Borrower who co-signa this Security
<br /> Instruimnt but does not execute �he Note: (a) is co-signing this Security Insttument only to mortgage, grant enci convey that
<br /> Bonower's inlerest in the Property under the tern�s of this Security Instrument (b) is not personally obligated to pay the sums
<br />= secured by this Securiry InstrumeN; and(c)agrces that Lender and any other Borrower may ogree to extend,modify, forbcar or
<br />- malce any accommodatioi�s with regard to the terms af thls Security Instrument or the iVote without that Borrower's consent.
<br />- 13.Lown Char�. If the loan recured by this Security Instrument is subject to a law which sets maxtmu�n loan charges,and
<br /> that law 1s finally interpreud so Qiat the interest or other loan charges collected or to be collected in connection with the laan
<br />- exceed the permicted limits,ihen:(a) any such loan charge shall be reduced by the anwunt necessary to reduce the charge to the
<br /> permitted limit;end(b)anY sums�lready collected from[3orrower which exceeded pemutted limits will be refunded to Borrower.
<br /> Lender may choose to make this refund by reducing tbe principal owed under the Note or by making a direct payuxnt to Borrower.
<br />_ If a refw�d reduces principal,the reduction will be treated as a partial prepaymt;nt without any prepayment clu�rge�uider the Note.
<br /> 14.Notices. Any notice to Borrower provided for in this Security [cutrument shall be given by delivcring it or by mailing it
<br /> by first cless mail unlcss appllcable law requires use of another method.'Itie notice shall be directed to the Property Address or any
<br /> other address Borrower dosignates by notice to L.ender.Any notice to Le�er shall be given by first class mail t�I..ender's address
<br /> stated herein or any other address L,ender designates by notice to Borrower. Any notice provided for in this Securiry Instr.unent
<br /> sha11 be deemed co have been given ro Bonower or Lender wtun given as provided in this paragraph.
<br /> iS.Governing I.aw; SeverabU[ty. This Security instn�ment shall be governai by federal law and the law of the jurisdiction
<br /> ui i'rI-alGii itk:i'tvr.2't'j is l�si.-^�•!� it=° "Y"rr �hat any prnvision or clause of this SoCUrity Instnunent or the Note conflicts with
<br /> applicable law, such conflict shall not affect othet provlsions af this Security lnstrument or the Note which can be given effect _
<br /> without the conflicting provision.To this end the provisionc of this Security instrwnent and the Note are declered to be severabla.
<br /> 16,Borrower's Copy. Borrower shall be given ane conf�rn�ed copy of the Note and of this Su:urity Instrument.
<br /> 17.Tr�nsfer ot the Proprriy or a Bcnefktol Interest In Borrower. If all or any part of the Property or any intcrest in it is
<br /> sold or uansfened (or if a beneficial interest in Borrower is sold or transfened and Borrower is not a natural person) without
<br /> Lender's prior written consent. Lender may, at its option, re4uire unmediate payment in tull of all sums secured by this Securiry
<br /> Icssuument. However,this option shall not be exercised by Lcncier if exercise is prohibited by federal law as�f the dace of this
<br /> Securiry Inctcunxnt.
<br /> If Lender exercises this opticn, Lender shall give Bonower notice of acceleration.The notice shall provick a period of cat less
<br /> �han 30 days from t!x date tho notice is delivered or mailed within which Borrower must pay all sums secured by this Securiry
<br /> Inctrument.If Bcrrrower fails to pay these sums prior to the expiration of this period.Lender may invoke any remedies permitted by
<br /> this Security Instniment without furtlxr notice or demaixl on Bonower.
<br /> 18.Borrower's Rlght to Rdnstwte. If BonoW�er meeu cenain condition5,Borrower shall have the right to have enforcement
<br /> of this Security lnsaument discontumed at any time prior to the earlier af:(a)5 days(or such other period as applicable law n�ay
<br /> apaify for reuutatement) before sale of the Properc}+pursuaut to any power of sale contained in this Sccurity Instnunent:or (b)
<br /> enay of a judgment �nforcin� this Security Instcument. Those conditions are A�at Borrower: (a)pays Lender�ll swns wluch then
<br /> would be due under this Securxty Instrument and the Note as if no xceleration haci occurred;(b)cures any default of any other
<br /> covenuus or agreenxnts; (c) pays all expenses incuned in enforcing this Security Instrument, inctuding, but not ]u►uted to,
<br /> ressonable attorneys' feea; and (d) takes such action as Lender may reasonabiy require to assure that the lien of this Securiry
<br /> Wuvment, Ltnd�r's rights in the Property and Borrower's obligation to pay the sums secured by this Securiry Iiutcument shall
<br /> continue w�chanSed• Upon reins�otement by Borrower,this Securiry Insuument and the obli8ations secured her�by shall remain
<br /> fully e[fective as if no accelerntion had cecuned.However,this right to reinstate shall not apply in the case of acceleration tiu�der
<br /> paragraph 17.
<br /> 19. Sak of Note; Change ot La►n Servtar. The Note or a partial interest in the Note (together with this Securiry
<br />— In�ttvment) may be sold one or more times without prior notice to Borrower.A snle may result in a change in the entity(known as
<br />— the "Loan Servicer")that collects monthly paymenu due under the Note and this Sccuriry Instrument. 'Riere also may be one or
<br />— more changes of the I.oan Servicer unrelated to a sale of the Note.If there is a change of the Wan Servicer,Bonower will be�iven
<br />= wcitten notice of the change in accordance with paragraph 14 above and applicable law.The notice will state th�name and address
<br />- af 1he new Loan Servicer and the address to which payrnents should be made.The notice will also contain any other information
<br />,� required by applicable law.
<br /> � 20. Hozardous Substances. Borrower shall not cause or pernut the presence,use, disposal, storage, or release of any
<br /> - Hazardous Substances on or in Vie Propercy.Borrowar shall not do,nor allow anyone else to do,anything affec.ting the Properry
<br /> ° that is in violation of any Environmental Law.The preceding two sentences shall not apply to the prescnce,use,or storage on the
<br /> — vmr,emr of small auantities of Huardais Substances that are generally recogn'v.ed to be appropriate to norroal residential uses and
<br /> = to maintenance of the Property.
<br /> � Borrowtr shall promptly give Lender written notice of a�iy investigation, claim, demaud, lawsuit or other action by any
<br /> � govemmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental La.w of
<br /> a which Borrower h� accual knawledge. If Borrower learns, or is notified by any govemtnental or regulatory authority, tl�at any
<br /> temoval or other remediation of any Hazardous Substanc:e affecting the Property is necessary, Borrower shall promptly talce all
<br /> necessary remedial actions in accordance with Enviromnental Law.
<br />_ INIU11' ��!'� ��/��
<br /> �...,6H(NE) �vai�.o, CHL(01/97) P�e�of6 Form 3028 9/90
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