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<br /> � ` r�r '` su6r+tantiaUy equivalent mortgage insurance wverage is not available,Bamawe[shall pay to Lendti z.irh month a�um eqaal to ` h °.-� ',�;'
<br /> �'� .Y '��� one-tweifth af the yeariy mongage insurance premium be�n�paid by Borrou•ee when thc in�ur.�n�Y cocerage lapsed or eeased ca 4 �;M �F.;,� � F`;;
<br /> :�`-`f r��.'`�`:=�:��: - be en effect_Ixnder will'�v.�M we and mtain these yment�as a tass resen•c in lic� uf murtgag� in�urance. [.c��.ti resen�e
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<br />',�;-`�:;�" '��°-:'` ments rua no!a be r utired.at the o tion of Lx.nder.if e insurance���eragt lin the amount and for the periad -
<br /> N } ., R 6 -
<br /> ,.,� � `�� t�hat Lender rtquires�vide�d by an insurer�proved by LeTtd�6ernmes available and'u abtaine�l_Borruu�er shal!pay ; �y�Y��,��-Q ,
<br /> .•� ��--;; tt�e premiums required to maintain mor[gage iasarance in effect,oa to provide a los�reserve.uatil the reyuinement for mortgage � �..„;.. , , :
<br /> � � , z ti,�, insurance eztdc in aacondance with any�vriaen agreemert between Borrower and Lender or app{i�bie law. � �, ` �. * '` .
<br /> .� ..�. `. .,..,«,` 4 Ia4pedlon:I.ender or iU agent ma�r make reasonabie enuies upon and inspec�ions of�he Property.Lender�hatl give � . ` `' , ` ,�: �-
<br /> ,.• .� . � ....�- < �,� ::.
<br /> .. ... .r�.,-F Borrower nvtice at the time of or prior to an i�upection specifying reasonable cau.�e for the inspectian. yc.:<.;:i,..,•:;�,:, ....
<br /> c :�, � ,� 10.Coad�nat�aa.The procceds of any award or claim fot damag,es.direct or rna,equential. in rnnnection with as�y � r 5.��,. "
<br /> �• a'• condemnation or other taking of any part of the Froperty.ar far comeyance in lieu oi condemnation,are-hereb}3ssig�ed atn! �► s; �� : :
<br /> ' ` ` � shat!be paid to Lender. . r �`,`a „` t:
<br /> � x k� In the event of a iotai taking of the Praperty.the piaceeds shalt be applied to the�wns,ec�ured by this Se�vrity Instru�neat. �
<br /> ,� wt�eiS►er ur noi tlten due.with atry�eacess paid ta 8�trrower. In the eve.nt of a partial taking of the Pmperty in which the fair �` � � ` -
<br /> :�— . w th ,
<br /> -�^^"��a• market value of the Property imme�iiately hefore the taking is equal to or greater than tfie amount of the sanu secured by this � " � � ,
<br /> r���,..;-,�-•:-r.;,•; Security Insvument immediately befoie the taking.untess Borrower and Lender otherwise agree in writing.the�um��ecured by �, .«;. �_°c�:.`
<br /> ` �`L ` this Secuti Gumunertt shaU he reduced by the amount of the praceeds muitip&ed by the fotlowing fraction: (a) the eotal °• - -
<br /> ,� . -. . _<<< :
<br /> �:��; "��s.,�r ��;:� amount of ttyhe sums secuted immediatety hefare.the takin�.divided by (bl the fair market�alue of the Pmperty immtdiauly •"�"},":Y;�`'Q+''`<
<br /> --,. before ihe takii�g_ Any balan�e s1ra11 be d co Borrower. in the event of a partial taking of the Pruperty m which the fair �=�'':•s.",�,'�,=;'`;
<br /> ' �� � � > market value uf the Property:�++,���dy b�efore the taldng is tess than the amount of the seuns secured immediately before the � 'F `} ` _
<br /> ��'+••,�'.E g ` taldng. unless Borrower and l.ender ozBenvise agree in wr�ting or unless applicable law othen��ise provides.the proceeds shall ti� E k'
<br /> J4 � .�, � :� tre aPPlied to the snms�ecur+ed by this Sewrity Instrnment whether or not the sums are then due. '-r °4 n _..
<br /> - !'.,�� If the Property is abazidoned by Bartower.or if,after aotice by Lender to Bormwer that the condemnor offer�to makr an 4 -: -
<br /> .4 � ` aaani ar settle a claim for damagcy. Bnrrow�er f:iil� w re�pund to Lender wi t hin i 0 d ays a f t r r t i ie d a te the noticr is given. ��k� -� . _
<br /> � -�; � .,or � .
<br /> Lender is autdorized w collect and appfy the praceeds,at it+upuon,either w restoratiun or repair of the Property or to the snms ,t ,,,,,, �
<br /> ` � s�u�d by this gecurity 1�meai,a�ttetAes or not then due. . x' .` -
<br /> r, '� i Untess Lender arcd Borrower otherwise agree in writiug, any apPlication of proceeds to principaE shall nut eatend or ` _
<br /> . -� : __ pastpoae the due date of the moniltlY P�Y��referred to in�a�-ap 6s I and 2 or change the amo�nt af sudi payments. ` `._`'�._
<br /> � � 11.Barrowes Not Rei�;Far6earance By I.atder N�►t a VYaiva'.Extension of the tune far payaneni or mntif�c�tion ` �
<br /> � a °" of amortization of the sums secured by Ihis Security Instrumem granted by Lender to any successor in interest of Borroa•u shall 5- __
<br /> m
<br /> • __....,. ::'-y:� not operate w retease the liability of tfie original Borrower or Borroarer"s succes5ors in irttenest. l.eader shall rtot be�eqairt�d tn ` ,�: -%
<br /> _ :z.' com�neace pmcecdings agai�u�t any sacxessor in ime�est or refuse to actend time for payment or othenvise modify amomzation ":.`' :`.:=-_-°
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<br /> - . ' •=.�� of ehe sumc secured by this Securiry Instrume�u by �eason af any demand made by the original Borrawea or Sarrnwer s `�a,,;=_::--
<br /> _ =; ri��, �•=�r� "
<br /> "���- ..� .r, successbrs in interest. Any forbearance by I.ender in ecercising any right or remedy shall not be a waiver af or preclade the ;4,,,s•;.�•��
<br /> '•• ;� . exercise of any right or ce�nedy. r '� —
<br /> --- �z�. 12. S�ta�csw�s and Assigos Houa� latat aad Several Ltabfftty:Co-stgners.The covenants and agreements of this �~Y�-
<br /> `' �� _ .i;.•, Security fnstnunent shali bind and benefrt the successors and assigas of I.ertder and Borm�rer. snbject to the pmvisior�s of ; ., ;_,:.T--
<br /> ".�,`. � .-;:�:�, �= Patagraph 17. Borrower's covenants and agreements shall be joim and several. Any Borrower who co-sigr►s thts Securety '";"r,�';'.�:
<br /> - - ' ''' = - � Ins-[iumeQt bat does not exewte dte Note: /a)is co-signing this Securiry Inswment only to moAa�?,grant and convey ih� '-''�.r�_;'��
<br /> :: �..� . Borcowei s intscest in the Property under the teims of thi.s Sewrity InstTUment;fb)is not pesscmalty obligated to pay the sums '`''�--
<br /> ess
<br /> ' � .�_'. n :, secured by this Seeurity insuamem:and(c>agcces that Ltrtder and a�ry other Borrawer may agree to extered.mndify,foc6ear or 'ry�
<br /> '.� _ .- . , make any accommndatior�s with regard to the terms of this Secarity Inmament or the l�tote w i t hout t i�.u Borrower s consent. '--
<br /> ' �'4' ]3,Loau Ch�arges.If the toan secured by this Security instntmwtt is subject to a law which seis maaimum laan c h a r ges. `
<br /> ` .- ;.,;_
<br /> ' •�� -:�.. ��: and that taw is finaUy interpreted so tt�at the iaterest ar other loan charges collected or to be collected in connectipn with the ` � `• '=..:=--y
<br /> " toan ex�ved the yermiued limin,theu: (a)a�y such toan eharge shall tre reduced by the amount necessary[o reduce the cfiarSe ' ,,, �.,t .�_
<br /> ,� `.. to tbe permitted limit:and(b)aay sums alr�eady colle�fram Borrouer which eaceeded permitted finuts wi116e refunded to h-�.�-_—
<br /> , �,.
<br /> � �•? Borrower. Lender may choose to make this refund by reducing the grincipat awed under the Nate ar by making a direct ',
<br /> :._ "� ,,�' payment to Borrowes_ ff a refund radaces principal. fie reduction will be treated as a partial Ptepayment withau[ an}+ t ' -
<br /> • ._ P r e p a y m e m c h a r g e t t n d e r the l�tote. - �=
<br />' `�� �• • `•� 14.Notkes.Any notice ta Bomav►�er grovided for in this Securiry Instnunent shall be gi�en by dtiivering iror by mailing .,.:�s�__
<br />, � .,�4; �, rr_• i�._ __
<br /> � it by first cla+s mail unless applicabte law requir�s ase of another method.The notice shal{be directed to the Property Address ,.
<br /> � :� . ';'�� or any other address Bortawer desig�tes by noace to Lender. Any notice to Ixnder shall be given by �rst cTa�.mail ta � "-., ,:'n --
<br /> " �.��: ,`.`: ' Le�ider s address stated herein or any other addres.s Lender dcsignates by nouce to Borrower. Any notice provided for in eAis :°• �'�� --
<br /> ,�.'::; . .
<br /> �.,.. Security instrument shall be deemed to have 6een�;iven to Borrower or l.ender when given as provided in this paragraph. �v~�'• -� _
<br /> ... _ ���in� Law: Se�;cra6Ditp. 'I'his Security Instrum�nt s�ali be govemed by tederal lacv and the taw of the -�:. ''
<br /> �`'`. � jurisdiction in which the Pcoperry is located.ln the event that any provisian or ctaLLSe of tisi�SecUrity Instrumert or the Note �"'`.,�:
<br /> : '' :.`�';.:: -� conflicts aith appli�abte law.such conflict shatl not affect otfier pravG�cons of[his Secvrity Instruircent or the Note which crn be -
<br /> ab
<br /> � �: �`:`. �•;�� given effect without ttte wnflicting pravision.To thic end the provisions of this Securiry lacnwmem and ehe Nace are decl�ed �
<br /> �`- --
<br /> to be aeverabte. ' �
<br /> I6.Barmwer's Capy.Borrowe�shall beg�ven one conformed rn�sy of the Nat�and of this Security.InYtrumerit. '
<br /> - 17.�raasfer ot the Fto�rty os a Beaefl�ia)Iaterest in Horrower.If all or any part of tlte Property or any interest in it � °' °4i'`'�
<br /> � is sotd or transfemd lor if a benef cial interest in Borrower is sold or tsans[erred and Buiro�rer is not a natnta!petson)without �. ,
<br />_._ ` '��� Lender s prior writtem m��ent. Lertder may. at its option. rcquim immcdiate paymem in fuU of al! sums secured by this : :.
<br /> • •: �f Security lactrument.Howe+rer.this uptian shall not br exercised by Lertder if exerase►s prohibited tsy lederal law as oi the date �:':'., •'"°�;��•'
<br />-1 .. .:.i of this Security lrtstrumeni. .,• ., ,
<br /> : • � -' If Lender esereisrs this uption. Lender chall give Borrower nalice of acceteratian.l'he notice shall provide a periud of not ' „ -.� . ';<='��•.
<br /> �,'�'; . . ... ,.•.; ' .. .
<br /> � ,�: tes+than 30 days from the date the notice is delivered or mai�ed within which Borrower must pay alt smres secvred by Ihis -- --
<br /> •- ., . Security lnstrument.lf Borrower[ails to p�y these sum..prior to ihe expiration of thi�perioJ.L.ender may invoke any mntedies , , _
<br /> ' ' � permitted by this Security Instrument without further autice or dem:ind on Borrower. . .
<br /> ;�i` � 1S, Borrovrer's Atght to Reinslate. It Bonuwer meets certain coaditioa+. Borrower tihall have the right to have
<br /> , � enforcement of�I,is Secunty Instnunent di!�cuntinued at any ti�ne prior to the earlier of: (a►3 days(or such other period as • �; . .
<br />_.�i . . ;i applicabte taw may ypecify fi�r reinstatement) before sale of the Property punuant to any power oi sale contairted in this • ',�.'. : .
<br /> - . Security inuroment;or(b►entry ot a judgment enforcing this Security InStmment.Titose conditions are that Barrower:(�)pays .
<br /> " � � .-" k. Lende�:s1E�um+which then woatd tre due under this Security In�uument an��he l�iote as if no acceteration had occurred:(b3
<br />= cures any defaul�of any other wverr:uus�r agreemenu: Ic)pays aU eape�vses irtcurnd in enforcing this Security Instrument. . ' ��.w�;
<br /> • • :?; includin .but noe iimitec��n�, r�►�nna6le aMumey: fee�:attd td)take< <ucb actinn as LEm1cr may rr�ore�bfy require ta a++ure �
<br /> m
<br /> , . that Ihe�ien uC thi.Secunty Imtrum�.-n�. 1_enJcr'.rieht+en the PtnpCRy an�!Bam�wcr'�E�bh�en��n tu q.�y the+um,�erured by
<br /> ' . ��..'-� thi+ Secunty In.uumen� �heEl cont�nuc unchangr�l. Upon teinstatement by &�rrower, tb�� Savrity latiuumem and the . , ., �
<br /> obli�rtivns�ur� hereby shall remain fully effective a�ii no accelerati�m had�xcunui. Nowever, this right ro reit►state ylrall
<br /> .y,.', . � •.� RO����y in the case of accelerattort under paragraph i 7. ..�
<br /> • '.. .k 19. Sate of tiote:Chaage oY Laan 5erv4cer. The �tuee or a pama! interest in the lYote �toeether with this Security
<br /> . Inswmenu may Ae soW one or more time.witlu�ue pnor Ewtice to Borrvwer. A�ate rroy re.ult in�change m the entity fknown
<br /> _ , __ _ .,;� as the "Loan Setvicer"►that collectti rnunth{y payments due urtdcr the:Vote anc!�hi.s Securrry IrtSwment. Ther�altio may EK orte _-_ _ _
<br /> or more cAanges of the l.oau►Sevvicer unrelateii tv a sate o�thr�ute.tf thcre i:a c6ange o£thr Lcrsn Stn ccer. Borru�rer will bc
<br /> . •� given w r i t ten nn i ie e u f t h e r h s n g e i n a c c u r d:u rc e u�i t h p a r.►g r a p 6 l a a b o v e an d a p pli c abl r l�w.7he rtotice will�tate the name and �•.;.
<br /> . actcir�,�ss uf the rtew I.�r.�n Servicer�rd the asldre�s t��chich payment+ �houtJ be m:ide. The r.otiee wil( a15o conL•tin any �ther .
<br /> � � informanon require�i h}�PEcraNte law. �.
<br /> 20. H�rdotts Sahstattces. B�,rtn:vt-r�it:ill rtut c:�t�.e ��r pettrtit the prexnce. u�:e. di�p��l. �tara�e. ur rete:ue uf any
<br /> - � � H.itarctuu, SuEnt:utre� on ur in the Pn,pert}. Burn�uer .h:il1 not d.,. r,or aUow :uiyone el.e to d�. anythmg affect�n, the _ , '
<br /> pn�perty th:it ic in vivtauon of:u�y En�irnntr.entni [.:iw. Tit�prcc�i�ny tu.�� .cntcnce��h:�ll nut app{y t�,the prztiert�e. u.e. or
<br /> ' . SIfIT'J_$L'��n tRe i'rnperty or ciiTJ1I[�U:2YIIttICti Uf 1'�:1L'lttnnt� �✓uinieAai+'ciea£.i... _ ...::i:.: ... ..',:.t �.F,� ... •..r.,rn nnrm3E - , - .--
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<br /> _ • . rc�identr:il u,es.utd tv m:�nten:ince�•t tht Pn�pert}
<br /> �-�.. . ,. � . .
<br /> , ' �,,;a , �, Form 30Z8 9-90
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