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<br /> _�.�_._.�� wbumtidly equivalaet niorige�e lrtsurmoe oovera�e is not avellable�Borrower ahallpay t�'Ca�dcr ar�i�i mo a�moqual to °
<br /> mq�twdRli of the yarly mort�e inaurac�et p�ium bein�paid by Borrower whcn tha iawra�oe coveraYa I�aed or oaued to
<br /> be ln ef�bq.Laidar will�ocept.we�nd r�Wn tlw�e pryment�ar �tot� t+a�erve in lieu of mon��ge irourance. l.oar roserve
<br /> p�ymenu m�y no lan�er bcroqu ired, at tho opion of l�ender,if mort�e insurancc oove�a(in the a�tionnt ud tnr the paiod
<br /> theK l.en�ier roquires)provided by�n Inwrcr �ppmved by I.enc{e��in beooma avafl�bk�nd i�obt�ined. 6orrowcr�hdl p�y
<br /> db paanlurta roquind ta m�intain fio�tp�e im�uaace in ef�ax.or w provide�las raierve.undl 1ha requirooret far mort�e
<br /> iasannoe en�ii fn�rcaurd�noe with aqy Mrrft�en�nt bdween Borrower and Lerdac or ippliaible I�w.
<br /> !1.Ip�ptcf{ow.l.ader or iq agent m�y make rsawiubk entria upon�nd i�poctiaw of the Prupaty.Lenda shdl�ivd
<br /> 8orrower notla x tha tima oPur prloe to�n inspettion speeifyln�reawnabla caure far tho in�poedai.
<br /> lO.Coada�ation. 'i7�e procaeds of any aw�rd or cl�im for dan�ea, diroct or consequenlid. In connoction wilh�ny
<br /> oondann�qion or otber Wcing uf any pR ot the Praperty.or for oonveyance in lieu of oondeaviatian. aro he►eby�ui;pied�nd
<br /> -�,_. -..�--� sb,al!be paid to Lender.
<br /> In the avent of a toW taking of the Property.the ptocoecl�shall bo applied to the wms zecurod by thfo Savrity Inawment.
<br /> whaher or oot theo due, wlth any axoas paid to Borrowcr. In tha event of a putial taking of the Pmperty in which thc fdr
<br /> market v�lue of the Propcny immediately 6efore the ta�ing is tqual to or grcater than�he amount of the sum�secured by this
<br /> Socudty Insttument imme�iiately befor+e tho talcing.unless Barrowcr and Lendcr dherwfse agroe in wdting,ttx wrru secured by
<br /> _ �s Secudty Inswment shell be rcduced ba► the �nount of the pm�oods multipliod by thB following fradinn: (�) tdc tWal
<br /> atwunt of the sums socurc�immodiatcly before tho wking.dividod by (b)the fair market value of the Property immodiaely
<br /> - -- �--------.--� before the taking, Aay balanoe sha11 be p�id to Bormwe�. In the evens af a panial takiog of the Pmperty in which the fair
<br /> market value of the Property immodiately beforc tho taking is less than the amount of tt�c sums secured immediately bePone thc
<br /> wking. unless Borrower and Lender otherwise agrao in writing ar unless applipble IAw otherwlce provides. iFie procoods dwll .
<br /> beappliod to tf�e sums r�ecured by thia Secudty Instmment whether or not the sums are then due.
<br /> If�he PropeKy is abandonod by Barrower,or if, after notice by Lender to Barrower that the candcmnor offers tu mako un
<br /> �wiud or setde a claim for darnages. Batrower fails to rcspond to l.ender within 30 days after the date the notioe is given.
<br /> ��.a l.ender is authorized to oollect and apply the pmceeds.at its option,eilher to rcsw�on or r�epair of the Property or w the siuna
<br /> _:.. securcd by this Security lastrument,wDether or not then due.
<br /> -�� U�less Lender and 8orrowcr othcrwise qgrec in writing. any application of procads to pri�ipol stall nd extasd or
<br /> s�`.� postpone the due dgte uf the monthly paymenta refemed ro inparagraphb 1 and z ar change the amount of such payments.
<br /> = l 1.Hon+uwer Not Released;Forbea�unce By Lender Not a�V�iver.Extenslon of the time for pa�rmant or modlfication
<br />- .. ,. � �, i of amordzation of the sums secured by this Security Instnrment granted by I.ender to any successor in�nterest of Bomower shall
<br /> nat operate w relcase the liability of the original Horrower or Borrower's successors in interest.l.ender shail not be required to
<br /> • �,.: �ommenoe proceedings ageinst any successar in interest or refuse to extend time for payment or athervvise modify anortizadon
<br />- ,,, of the sums secured by thia Security Instnament by rea.con of any demand made by the origina! Borrower or Borrower's
<br /> �• , success�ars in interest. Any forbearance by Lender in eaercising any right or remedy shall not be a waiver of or prcclude the
<br /> ' �.�.��., eaercise of any right or remedy.
<br /> � 1 Z.Suceessors s�nd Assigns Bound;Jdnt and Several I.iabllity;Co-stgnene. The covenants and agreements of this
<br /> Secudty Instrument shall bind and benefii the successors and assig� of l.ender and Borrower. subject to the pmvlsions of
<br /> .. - � '' paregraph 17. Borrower's covenants and�Srvements shall be joint and aevernl. Any Borrower who co-signs this Security
<br /> " ' •"c�:�`�`•�.� Instn�ment but daes not execute the Note:(a)is co-signing lhis Security Ina�rum�nt anly to mortgage.granl end rnnvey that
<br /> — «�- Borrawer's 3nter�.st in tlie rt nndcr thc tcrms af this Stcurii I�strum..^ni• tb)i�not �".ona!! obli ated topay she sums
<br /> - ,� ..��ar':�� Tt ..= i'roi� Y Y �• Y S
<br /> r " ''��•y,,-rt «;�,:�� , .' secured by this Security Instrumenr,and(c)agree�lhat Lender and any other Horrower may agree to extend, madi yf,forbear or
<br />--�t • ����J.;�*;,a't�;';'�`�,' �� mak�any accommodations with regsud a the terms af this Security Instrument or the Note without thet Borrower's consent.
<br /> ' �kv. ..y , j.,,:.� . .
<br />_ ��a��,�•.r.�;,;•�.: .. .� l3.Loan Charges.If the loan secured by ihix Securiry Instroment is subject to a law w!►ich sets maximum loan charges.
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<br /> ,;,.;1��::. ..�":'.°;:�', and�hat law is finally interpreted sa that �he interest or ather losin chargc�collected or to be collected in connection with�he
<br /> �:<'t laan exceod the permitted limils, then: (a)any such laan churge shull be reduced by the amaunt necessary to roduce tho charge
<br /> : ._ � to the permitted limit; and (b)any sume already callccted from Barrower which exceeded permitted limits will be refunded to
<br /> Borrower. l.ender may nc�wse to mAke Ihiti refund by reducing the principnl owed under the Note or by muking a direct
<br /> ," � � ' payment to Borrower. If u refund reduces principul, the reductian will be treated as a panial prepayment without any
<br /> _ ' • ' �' prepoyment charge under the Ni�te.
<br /> ` "'�""`"""""`�'"*�""�'*w` 14.Notices�Any notice to&irrower provided far in this Serurity lastnrment shall be given by delivering it or by mr�iling
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<br /> it by�rst class mail unless upplicuble luw rcyuircs use of anoihcr me�hal.The notire shull bc directed to thc Property Address
<br /> �;� � "�'•'�5�" ' or uny other address Borrower designutes by n��tice to l.ender. Any n�Kirc to Lender shall be glven by first class mail to
<br />-�� ••, l.ender's Address stuied herein or any �nher address l.ender designutes by notice to&►rruwer. Any notice provided For in this
<br />;:�� • :. � . , Secadty lnstrument shAll be deemed tv have t�een given to&>rc�wer or l.t:nder when given us pm�ided in thf;para�raph.
<br /> �� ' • � t5.Governing I.Aw; Severability. This Security Instrument shall be govcrned by federal luw and the IAw af �he
<br /> ' '��� '"'�' � Jurisdiction in which the Property is lc�cated. In che event thut any provision or clause of this Securfty Inxtrument or the Note
<br /> " �''' � ` �• rnnflicts wi�h applicable law,auch conflic�ah�ll not affect othe�pmvisionx of this Security Inqtrument or Ihe Nate which can be
<br /> � � " ' rri����, given effect without the oonflicting provi�ion.To this end Ihe provisions of this Serurity (nstrument and the Note ate declared
<br /> i,�,��..�.�,i;' •:r to be severablc.
<br />— ' � ', �}�,.,;,:�� .: 16.Borrower's Copy.Borrower shvll be given�ne cnnformed copy of�he Note und af thix Security Inurumem.
<br /> ..'�-�`�. � �:�,'•� � l7.TrAnsPer ot the Property or a Benelkiel Interest in Borrower.lf aU or any pan of the Pmpeny or uny intercst in it
<br /> :�'��`'.:�.1`: is soW or transferred(or if a beneficial inlere�t in Borcowcr is sold or tranxferred and Borrower is nw u nutural persat)without
<br /> , �� ' �:"'• _ " , Lender's prior written conyent, Lendcr may, ut its option, require immediutc payment in full uf all rums secureci by Ihis
<br />- ! ��r� ' Secudty Instrument.Huwever,this option ahull not he ezercised by I.ender lf exerci�is prohibi�ed My feder�l lew as of the dete
<br /> � �r' oF this Security lnstrument.
<br /> �di`• . �A'C4:iS:'� :ti
<br />� .:. • :,�;•.r, If l.ender exercises this optian, Lender�hull �tive&irrower notice of urccleratii�n. The notire�hnll pmvide s►periad of not
<br />-=,,i ?�;;�;�'t`� Iess thr�ui 30 days from the date �he nrnice iz delivered ur mailed within which Bi�rrower must pay ull surns securecl by this
<br /> ' • . Security In.r•trumcnt.If&�rrow�r foils ti�pay thesc sumti prior tu the ezpir•rlion��f thi�pericxl, LenJer may invoke any rcmedies
<br /> ,��-. �.• , permitted by this Security In��rumcnt with�wt iuhhcr nntirc or Jrmund on&mnwer.
<br /> ='_ � � ' ' • • ' 18. Borrower's Ri�ht to Reinstale. II' B��rmwrr mcct. ccnain ronclition�. &irrawer .hall huvr thc right lo huve
<br /> i:• ,'�•,.°.;,;i.
<br /> •�o. �, enforcement of thi,Sccurity b�strum�nt di+r�aNinu��l at uny limc prinr In 1hr rarlicr of: (a1 S Jay� (��r wch athet }xriixl u+
<br /> ' �... :� ;�'- �; .: aPPUcable law muy specify fi►r reinct:Ncmentl bcti�re +;dc ol' thc Propcny pur.uunt t�� any prwcr ul'wle r�mwined in ihi,
<br /> '' ��' •�'•`�" � Security Instrument:or(b)emry of e,judgment enforcing this Security Instrument. Those conditiuns are thut BorroWer:(a�pays
<br /> ._ ,,.::�,;;�,...:,, :;
<br />.�;; ,f� ;�:�'•���;'':-�.����,�` Lender all sums which then would be Juc ut�der this Security Instrument und the Note us if no ucceleration hud anurr«l;(b)
<br /> ���-`'`%`•��"���'��''�' j cures any defauh of any other covenantti nr uga�ement�; (c1 puys all expense5 incurred in enforcing this 5ecurity Instrument.
<br /> - , v,;;::.r.;,�i<;.�. � .
<br /> ,.•,r.��:;;;,,;,,t^, including, but not limited to,res�.�onable anorncys'fce+; und Id> tukes xurh nrtinn v,Lender n�ay reas�mably require ta assure
<br />- `. u, � •;�};;�;;;��:;,ti�;�`',•.. , �hat the lien of this Security Instrumcot. Lcnder'� right�in the Pr��peny and 8urrower'a obliga�ion ai p•ry the sumx secured by
<br />_ ^ "5��;r;c::H�:.-�. '"• this SExurity lnstrument yhall rontinue unchungcJ. Upim rcins�atement by &�rrower, thi� Security lnstrument arxl thc
<br /> d_,,. �:• �`�`':�,,'•� � obligatioas serun�ci hereby shall remuin I'ully cffcrtivc u+ if nn uccelerati�m hud�xcurred. However. �hi.right to reinstate.hull
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<br /> '�Tr° . IIUI illlFliy 111 IitC�dAC vl'stiLCic�au�m w wc� �ra�u�t�u�m��. -
<br /> °' �` ��: ���� ,,,,��.,��.%,�, 19. 5ak of Notc; Change of l.oan Servicer. Thc Nnte or a parti�l interest in thc Notc lrogether with this S��urity
<br />--::�.: �� •s�•�,,•�, :-.•�� ' Instrument)may be sold one or mnre timc+without prior notice te�&�rrower. A wle may result in a chunge in thc rntity Iknown
<br />._.i '��.:..:•._.�,�:;•`•�•�c���, as the "Loan Servicer")that collccts m�►nthly payments due under the N�ite unJ�his Security Instru►nent.There alw mvy be unr
<br /> � . ����"�����:•��;'� or mot�e changes of the Loun Scrviccr unrclut�•d�o a wle of thc Note. IF then:ix u rhangr of the Loan Scrvircr,&irniwer will be
<br /> ''`'•'�'''' iven written nntice of the rhan �m arconlan�r wi�h ir,i ri I�l at►�we and a hcahlc law.Thc rK�ti�ti w�ill slute the name and
<br /> . g �'� P� K•f►h PP' .
<br /> ;;, •� ° " uddress of the new I.oun Servicer ond thc adJre�s tn which pnyments should l�c mudc. The notire will ol�o cantain any �wher
<br /> '��:�;��; , infom�a�ion required by applicable law.
<br /> ..� •. ., • 20. Hazardous SubsWnces. Borniwer slwll n��t ruuu ��r pemiit thc presenre. uK. Jispuwl. st�xuFc. ur releau at'any
<br /> - ' ''"�''� Hs�.andous 5ubswnces un or in the Pmperty. &im�wer shull n�x do, nor ullow unyunc clsc t�� do, •rnything aff��Kin� the
<br /> � ' ''ik,�'• �"'� � Property that is in viulation of any EnvinMmentul Lc�w. Thc pr�titiwiing two K;ntenres shull not apply to thc pr+c,cn�r.u�e,i�r
<br /> •! �•,,;' st.�rage on the Propeny of snmll yuun�i�i�s uf Hurunluu. Sub,tunrc��hut ure ge�krully rccugniicJ tu 1.�appmpriu�c tu narnwl
<br /> '��;�• — rta-�=: �'��z.s� ' residentiel uses and�o muintenunce of the Propeny.
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<br /> �' . P,w.3 or� � . . .Form 3028 9180
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