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<br /> .. .»t,:_.: ._ ....._. .:�,5. _
<br /> - �.�.:,�...� - it�435 ---- .�,�: ..
<br /> eul�rynti�tly M�'+��Ea6e�^w�covor�ge i�aot Av�il�ble.Bon+nwer�llpay to��ach month��nm eqwl w .
<br /> ` one•twellrh• �frnort�e Inwnuna prcaNum baina pai4 by Bamnwer wben ihe inrurmae sover�o I�psed or aswd ta
<br /> ��p.�{�q �ei�t�m��nd�enin�a p+iYmenta or �lo�r re�erve in Iku ot morts�a inwrnnco, L�ow rc+ervc
<br /> p�ynwpit�m1y la�r bieroquIrod.�t tha apllon af I.�endor�lf mart��Qe ftuunuio�wvat�n litt�he�mount+uM!tor the pariod
<br /> th�t 1,.ender nqulny provided by an inwror approved by 1.cn►det�gda beoon�av�li�ble Wd i�abtdned,�rrowar�hNl qy
<br /> � NM prwniw�r�quired W mda�ain mort�e inwrnaoe ia e(fect�w tb pravide�las iaet+�e.until tho rrquirwmnt ta mort�e
<br /> iawneeo�anda!e��ccoid�rioe with sny writta�r�reaneM batween Bormwer rnd I.etK1m or�ppllcable low.
<br /> !.IMp�!!w. La�der or fu uenl ny m�ka�lo antria upon uid Inspx�tians of th�o P�openy. I.arder�II�fve
<br /> . eonower netive�t�he time of or pHar tn�n�cu�ectlon�pecifyln�rt�wnable cauoo for ttee Inspeetla+�.
<br /> l�.Co�d�q�Mtb�. The pr0000d� oF Nny rwu+d or cldm far d�meQes, d{roct or coreseqt�an11r1,in connoclion with �ny
<br /> oondenwtian or c�her I�klty�ai�ny p�ut oF the Prapetty.or for oonvoyw�ce in Ilau of owtdemrWfon.ue heteby wi�pad+uni
<br /> -r- .�, �h�ll he p4id to Lender. ----
<br /> — !n the evont ot a wud lakin�of tho @roperty.tl►e proceoda ehall be appliod ta tho wmr Bavred by this Secu�ity lnarumem�
<br /> whethcr or nat then due. with any cxcesr paid to Bomnwer. In tho ovent of e portid talting oP the Proparty.ln which tho fdr
<br /> nwrket valuo of tho Property immedietely baforo tho taking is equal w or grcater thon the amount of Iho rum�eocurod by thi�
<br /> Socudty Insuumcnt lmmediwtely before the taking.unless 9orrower and L,endcr othcrwisc agroe in wridn�.tho suma eocurod by
<br /> thie Sa�urity Instniment shall be reduced by the amount of the procoeds muldplied by tho following fraction: (a) the toW
<br /> -- - -- emount aP the surtu secured immcdicualy bafo�c the Wking. dtvlded by(b)the fair market value�f the Prnperty immerliutely L__
<br /> before thc takiog. Any bal�urce ahall bc paid to Aorrower. Tn thc event of a pertiel taking oP the Property in which 1he fair
<br /> m�vket value of thc P immediately bcforc►he taking is less than the amount of the suma secured immediately before tho
<br /> t�king,uNess Borrowe�Le�der othenvise ag�ee in writing or unless applicaMe law dhenvise provides. the proceede rlull
<br /> _ be�pplied to the sums securod by this Securi[y I�stn�ment whether or not the sums are then duc.
<br /> IF the Property ls abandonad by Borrower,or if,after notice by Lender to Borrower�hAt 1he condemnor offers to make an
<br /> - awxrd or setUe a clium for da�nases. Borrower fails to respond to Lender withln 30 duys after the date the notice is given.
<br /> Lender is authorizad to coUe�.t and apply the prceeads,at its option,either to r�eatoration or repair af ttrc Property or to the sumg
<br /> cocured by this Secu�ity Instrument.whethcr ar not then due.
<br /> Unless Lender aad Borrawer atherwlse agree in writing, an3 a�}+licatian of procoeds to principal shall not extoad or __.
<br /> postpone the Juc dato of the monthly�pay iaw�nts referred to inparagraphs 1 and 2 or chenge the anro�unt of such payments.
<br /> 11.Bomower Not Relea�ed;FntlleArtlnte By L.Pnder NnR p�'Yuiver.Extension of the�i�r for payment or modificaiion =
<br /> p�
<br /> • -'+-• of amortization of the sum.5 s�cured by this Security Insrrument granted by l.ender to any successor in intereat of Barrower shall ,:,_
<br /> `�Y?�,
<br /> ,4+�r- not operatc to release the i�abilily of the ori�inai Barrower or Harrower's successo�s in interest. Lender shall nat be required to �:::
<br /> t���`�� rnmmence�rocaedings agAin.�m�y successor in interest or refuxe t�txtend time for payme�t or othenvlse modi amortizatlon -�
<br /> fY LE;��:_
<br /> oF the sums secured by this Secur�ty Instrument by reason of any dernand macie by the original Barrawer or Borrower's �..._
<br />� ,; ,� "`�� suocessora in interest, Any foTbrarqnce by l.ende�in exercising uny right or remedy slwll �ot bc a weivor of ar proclude ihe .
<br /> - �l,��a�� exercisc of any right or remedy. . �
<br /> << � ,�,.��� 12. S�to�essore Aad Asslgns Bouad; J�int and Several I.ia�ility Casiguers. 7'h� mvenants and agrccments af this
<br /> Securlty Instrument shall bind and beneGt t�e surce�.�ors uox! sucslgns o�Lender smd �arrawer, subJect to the provisioas o�, , ___
<br /> puragraph 17. Horrower's covenants axl agreemeqts shall be,iaint and several. Any Borrower .who co-signs thi� Sec��in ��•;,,
<br /> � ' Inst�mer+t but does na execute the Note: (a)is co-signing thi�Security Instrumeru only to m�rtgage: gmnt and oorovey thui • ___
<br /> -- �.:a�:.'S:ztr.rrst in!!ie Property sssder the terms of thjs Security InMrumenr, rh�is not nersonafly obldra�led ta pay the sums
<br /> ' ��0 s..f`%�
<br /> ts������a,i t;�.�� � secured by this Security Instrument;and(c)agrees that I.ender and any othcr BorraKer may ugree ta exlend, modify,Porbear or -
<br /> '.'���'"'' '�I'� '�y '� �CC Afl accommadations with re ard ta the tertns of this Securit Inslrument or the;�ote wilhout that Bonawer's consent.
<br /> r,.•;,.,�.; t .,,: ..,. Y g y
<br /> '' '"'"'''' `�' '�' ' 13. I.ow�Charges. if the lo�n secured by this Secu�ity Instrument is subject to u law which sets maximum loan charges.
<br /> �.,,:�,.
<br /> ' � `�`��""'" ' ' and that law is finelly interpreted so that the interegt or other lonn churges callected or to be collected in connection with the ---
<br /> ��i:•:�=;'�t.�J°a�'.:.:,, �
<br />- �:.'��,bf�,,,,,��. .. -. loan eacoed the pem�itted Ilmfts,then:(A)any such loun charge shall be reduced by ihe amount neressury to reduce the charge
<br /> -5;,.... ... .. . .... . '.
<br /> ,.. .>:.. ..��.�..,_,.;.. to the permitted limit;and(b)any sums already collectecl from Barrawer which exceeded permitted limita wfll be refunded to
<br />_ 'r�.:.:r•;a�+,.; � �
<br /> - ► �• �•'� Borrower. I.ender may choo�e to make this refund by reducing the principal owed under the Note or by making a dircct _
<br />�` " ,�,,���+���"�' payment to Barruwer. !f u refund reduces principal, the reduction will be tre�tod aa a panial prepayment without any
<br /> - �,.^'':�:.
<br /> . prepayment cluirge under the Nnte.
<br /> r
<br />— �� 14. NMie�c.Any notice to&�rr�iwer pruviJed tiir in thiti S�tiurity inxtrumcnt +Iwll be given by delivering it ur by mailing �
<br />-- �`��'�� it by Brst clu.cs mail unlesti upplicuble luw reyufreti u.e of unathrr mcth�Ki. Thc nati�r shall !+e direcled�a the Property Address -�
<br />�, t _rt�,•_�. .. . or any other addresw Bnnower dewignute+ by nuti��e tu Le�xicr. Any nulicc tu I.enJcr ahull lx given by fint cla+s mail to �G;;
<br /> ��qr� � ..• L.ender's rddress sluted herein or uny other u�idre+s l.eixier de,ignute.by nutice tu&�rrower. Any natice provided for in this �-
<br /> �''<'���f.``' f'�''4 5ecurity Insttumem shall be deemed�o have t�cen given to�rcowcr�►r Lender when given us provided in this parugrc�pii.
<br /> " �•^�s"` ''' ''�•"' 1S.Governing Iaw; SeverAblUty. 'I'his Security Inurumen� tihull be govemcxl by I'alrral Irw iunl ►i� luw of d�e r'`:T
<br />. �-�!�-=`�`"�' ''�'�'�>' ,�uriadiction in which the Property is located. In the event that any pnwision or clause of this Sccurity Instrument ar the Nae �;_..
<br /> � ���� confliets with applkable law,such rnnflict sh•rll no��ffect other pravi+ionx ot'thi+Security Ins�rument ar the Note which can be Ct.;.�.
<br /> ..�,;�:;.,� .;. .. given effect without the conflicting provisian.To�his end the provi4iom of ihis Security Insuumenc vnd the Note are declared —
<br /> �;; •;,.,:: ' �c:;'a; to be severable.
<br /> -_ ^�',r;�,�, . 16.Borrower's Copy.Borrower shall be given one confornx.�l ropy�►t'�he Nate und of thi�Security Instrument. -
<br /> ` •�~�'�•� . 17.Transfer of t�he Propeny or a Beneflclal Interest in BorroH•er.If all or any p;�rt af the P�uperty ur uny interest in it ��:�-
<br /> � •��'t'"'�''�''"' '� �. is sold or trnnsferred(or if u beneficial interest in Borrower is u�ld or Iran.fcrrcJ and B�mowcr i�rxx a nawr�l person)without `—�'
<br /> ..� l.ender's priar written conrent, Ixnder may, at its ��ption, reyuire imm�diate pa��ment in full of nll sums secured by this ��
<br /> � Svcurity(nstrument. However, thi�option shnll not be exercised hy I..ender if exerci�e is prohibited by fede�ul law as of the d�te
<br /> . ,. �,,
<br /> � .<.,%;.` of this Securiry Instrumcnt. �_:..
<br /> �::�, �� It Lender exercisc�thfs option, Lendcr stwll give Borrower n�itice al'aceelenttian. The nntice shall pmvide u peric�l of not
<br /> , .�,�,:., �'
<br />; •:������. .' less than 30 days from the datc the �xnicc is delivcred nr muil�f within which Borrowcr must puy all sumx xecured by this
<br /> �•r��;�'°:` Security Instrument. If Bnrrowcr fails to puy �hesc+umti prior�o thc expiration of thi��ri�x1.L.ender muy invoke any remedies �;:��
<br /> 'it;. �`� permitted by this Scrurity lnstrument without furtlxr notice ordem:�nJ on Borrowcr. �-`
<br /> ' �`� "��.,� 18. &►rrower's Right to Reinsiate. If Bormwer mects cenuin c��nditi��ns. &�rrower shall have the right tu have `��
<br /> � t`; �• enforcement of this Security Instrument discnntinucd s►t any time prior �o the earlier of: (u)S days 1or+uch uther perial as
<br /> ��ti,ti�` ; . . applicnblc law muy sperify for rcin.tatementl befi,rc nulc uf the Prnprny pursuaM tc� any Fx►wcr of wle r�mtuined in this •
<br /> � Security Instrument;o�(b)entry��f u judgm�nt enforcing thix Sccurity Instrument. 'I'ho�c coixlitiam arc that &xrower:Iu1 pays
<br /> • °:'- Lender all sumr which then wnulJ be due under this Securiry In.trument unJ thr Notc us if nu accclerution huJ ckcurred: (b) ,�
<br /> = cures any default of any ahcr covenunts or agrcements; (c)puy+vll rxpenscs incurreJ in enfc�rcin€this S��urity In�trument.
<br /> .. � ' including, but nnt limitecl to,reutiunablc aUurneys' fees; anJ(d)�akc,such actiun w L.:ndrr may reusonably reyuire t�►assure
<br /> �•� thut thc lien of this Security Instrument. LenJcr's ri�thts in the Pn►peny und &�rr�iwer'ti i�l►ligutKm tu pay thc sum.s��ured by
<br />-�1� Ihis Security Instrument xhull continue unchung��cf. Upon reintit:�tcmcnt by Bortowcr, Ihiti Serurity Instrumcnt und the
<br /> . �l;;. .._
<br /> �`;�� •�;���� obligat�ons secured I�reby shull remuin fully effecu�r7 s if no ucccicrution huJ�x�curn.•cf. How�vcr, thir: right to rein�late shall ."°�,
<br /> �7;
<br /> ,` �rr`y^.�... .-� " IIV{tl Iy 111 I�K t�4tc��m.tt�Hau�n�u�m���,.�.u�..oF... ... �.r;°+�
<br /> -�• ;;;���--•�.;:. }r�.;�.;;s �9. Sale of Note; Change of I.oun Servicer. Tlx N��te or u panial inlcrcu in thc Note ltu�tether with thi� S��urity
<br /> `�• � �a c�•� "� lnstrument)may be sold one or mure times without pri��r notire to Borrowcr. A salc muy result in u chunge in the rntiry(knnwn
<br /> :... titi.., r, ��
<br /> ��� , •,:•n�,,+�; as the"l.oan Servicer")that rnllertti monthly puymenlw duc undcr Ihc Note und thiw Seruri�y Instromenl. Therc ol�u nwy he onc : ,.
<br /> — . �;�.�� or more changes of the L,aen Servicer unrelut��l t�i u s�de of thc N�ue. If there ia u chun�tc of thc L�wn Sen�irer,&�rn�wcr will ix� '�i?•,
<br /> �`��, given written noticc of thc chunge in acronlunrc with paragraph 14 ubove und upplicuhle law.Thc nuticc will �lutc thc numc�nd
<br /> -� �� • ,.::i� addresx of�he new Loan Servicer nnd the addre+.to whirh payments ehiwld t►e m�xle. The notice will ulsu cnntuin any other f�`:���
<br /> � . .
<br /> ''�� a�: • �'�`�``��r {nfornwtian reyuired by upplicvble luw.
<br /> - _,� •.'.. '�`':'` 20. H�rdous Subsfanees. Borrower shell ni�t ruuse or permit thc presenre. usc. di+priWl. ,���rngc. ar�Iwse ��f any.
<br /> ...i.L::."` ,,,�:. l�lautrdous Subswnces on or in the Propeny. Bnrrower shull not du, m�r ulluw any.me el� tu di►, �nything uffccting �he
<br /> • �,;;,;.;:,�' � Property that is in violation of uny Envimnmentnl 1.Aw. The prececiing two sentences sh•rll not ap�ly to ihc prnsencc,u�c.i�r
<br /> • ••�r ''i � storage on the Property of small quuntities of Har•rrdous Sub�tunccs that urc gcn�rally nxc�gnized to be upprupriutr tu nornwl
<br /> - , residential uses wxl to mraintcnan��e of the Propeny.
<br />..•�U . �rr.. � � � • Page 3 0l 1 � fam 3028 9l�
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