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<br /> ',�'�.,._.�� . Y�{qpR�nactW�io inuuukc covtr�e l�tat svafl�btp.Horrowet slu�lpay to�1r ach mon���w�m pq�l to
<br /> an�i�nw�jt��M�►�oo�a ln�ouruioe premlum being p�W by MQawer wlnn the l�twr�noe coveray�e i��ed or oa►s�d 1n
<br /> • be in eflcct.'L�ada wiU�x.we iuid r�tain tt�ae poyments a� �lau� raexve in liau ot man��4 lmurmoe. l.oei raave '
<br /> p�ym�nls n�r po io�et be�qu[rod. u the optfon of l�t�der.�t moM a inwrmoe wven�o(In tho�rrwuM�ud[or tha pa�d
<br /> tlpt L,ender roquira)provideQ by in inaeer�pprovad by l.ar�de��n beoorrka av�!labla�d b obWned.8arrowar�thNl p�y
<br /> � the proaiiwm roquirod ta rr�hNdn mprtp�e lnwt�ncx in eftecti�or to provide s la�ro�ve,until Ub requi�K I�ur mionitp
<br /> inurmoe endt in�oomdNnoe wiW�ny written�roemau between Botrower md l.ender or applicabk J�w.
<br /> !.lorpecfloa. Lendec ar iu�ent may m�ke rason�ble ent�ia upan and inspoctiau of tla Nmpaty. Lrad�r�fu�ll�ive
<br /> Bon+nwrer nqliee u the drae of ot pdor to�n inspection specifyin�traran�bie cause for the inspoction.
<br /> ` 10. C�deawdo�. 7?�e procoods of�ny �ward or cbuim for danuges. diroct or coiueyuential, ln cannection with�ny
<br /> condenwition ar olher t�kina of�ny put of the Pmperty,or for conveyuke in lieu of oondea�uution,aro heroby wiQned and
<br /> '-�.�"`-..''�"'°"°'�' �i�pli ba paW ta Lendcr. �
<br /> ln the avent of a toW t�kin�of the Property,lhe procrods�all be�ppUod ta tho wmb socurod by this Security Inatrumer�t.
<br /> whetl�er or�ot then duo� wl�h any exassp�d ta Rortower. In the event of a partlal Wcing of�he Propeny 1n which the f�ir
<br /> nurket value of tho Pmperty immediately 6efone thee tiking is equW to or grc.ater tFwn the amount of the sumQ s�xurod by this
<br /> Saurky Insnument immedi�tely bePore the t�ing.uoless Borrower md l,ender otherwise agroe in wdtin�.lho sums cceurod by
<br />------ — - this S�:adry lnstrumert shall bc rcduxd by the amount of the procee4� maltlplled by the folk�wing fiactionr (e) the t�tal .
<br /> anwunt of the sums s�ecured immedistely betare tbz uJciag. divided by.(b)the f�ir marlcet value af�s Property immedietely
<br /> - - — beiore the t�king. My baia�� sdalt be Qaid to Bo�rro�wer. !�tbe event of a p�eliad taicing af t8e Property in which �he fair
<br /> muket value of t1�e P�roperty imaiodiaRelX befo+ne 1he taking is kss tt►s�na tLe aRauA9 ai tt�e sum�sec�end immediately beioro the
<br /> nki�g.udess Horrorxer ard Ixnder ott�twise r�groe in wnung or antess applic�ab�e l�w a6erwrise p�uvides.the pr�ade chall
<br />.T__.- be appliod to the swas socurod by this Securiry insdu�ment wl�ether ot not the sums ate then due.
<br /> if the Property is abtutdanod by�orrower.or if.afler notiw by Lender to BorroWer tba¢the eondemnor offers ta m�ke++n
<br /> award or settle s� claim foa da�aqses. Borrower iaiRs to respond to I.ender within 30 ci��rs after tQ�e date the notiee is give�.
<br /> - �r�, I,�nder is�uthorized ta oollect aod#pQly the pr«�ects,At its option.either w reswration or�air of the Pnoperty ar W tl�suia�
<br /> `��'�'`' socurad by tbis Security inshumeM,whether or not tt�en due.
<br />-;�1;" - ���s�: UoYes.c Lender and Horrower cetfierwise agrec in wdting,c+ny ap p licatian of proceeds ta princlpat shall not extend or -
<br />".��t� ��i�E�;�, postpone the due date of the monthly payments rekrr�l w inparag hs 1 and 2 or chenge the amou�t of such paymenc�.
<br /> 1,e,�,;.
<br /> • t�},'*'�� ll. Bon+ower Not ReleASed;Forbearance By l.e�der Not a viver.Eatcnsion af the time for payment or mod�ation
<br /> t.�,,,�
<br /> ��� •��° ', �� of amortizutian of the sums secured by this Security iostrument gramed by l.ender to any successor in inte�est of Barrower shall
<br /> `�"+ � not operate to relcn�e the liability of the original Borrower or Borrower's successo�s in intemst. l.endcr shAil not be required to
<br /> h' � commence procoedings against any succes.wr in iMerest or refuse to extcnd time for payment ar othenvise modify amortizetion
<br />_ � ��p�;� of the sums secured by this Security Instrument by reason of any demand made by ihe odginal Borrower or Sorrower's
<br /> ,�'•-';1�, ., succe.ssors in interest. Any forbearance by I.endor i�exercising any right or remedy shall not bo a waiver of or preclude the
<br /> eaercise uf any r�ght or�emedy.
<br /> � .t � :v��.`�'• �-¢�� 12. Successors and Asslg� Bound; Joial uad Severnl Lipbllity; Casignere. The covenams and agreements of thia
<br /> �`�'�` Secudty Inetmment shall bind and benoflt the successors end essigns of[.ender and Banawer,subject �o the provlsions of
<br /> " ,�; •�a �"';��,�;<, Paragrnph 17. Borrower's covenants and agreemrnts shall bc jofnt and several. Any Borrower who co-signs this Securlry
<br /> ����,�� • Iiutrument but does not execute the Note: (e) is co-signing thia Security lnstrument only to martgage.grant and conv�y that
<br /> - -- .s�;�•.:...;�:;:�a:.i:�F= liorrowcr's interest in tfie Property undcr[he[ernis af ihis Securiiy insirwi�cui:ib) in nui pC�a���11y obUgated to psy the sarns ---
<br /> � y.�:, :, ..,:.r :;, secured by this Security Insttument;and(c)egrees that Lender eod any other Borrawer may ngrec to extend,madify, farbear or
<br /> '. '• • - make any accommadations with regard to the terms of this Security[nstrument or the Note wlthout that Borrower's consent.
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<br /> N; �.r!??�:� �^�'. ��-•'�'�''�• l3. Loan Charges. If the loan secured by �hh Security Instrument is aubJect to u law which sets mnximum loan charges, _
<br /> r• F: ` and that law Is finally interpreted so that the interetit or o�her loan charges collected or to be collected in connection with the _ -
<br /> ` :' ';'•� • loan exceed the permitted limits,then:(q)any such laan chargo shall be reduced by the amuunt necessary to neduce the¢hurge ~
<br /> _ � � '.�:;.' ," .ti.•::.
<br /> _ �"���'•..�.�.y��. to the pe�nitted limit;aml(b)any sums alreudy cnllected fram Borrower which exceaied permiued limits will be nafunded to
<br /> " . ,�,_`��;;,, . Borrower. I.ender may chaose �o mnke �his refund by reducing �he principal owod under the Note or by making a direct �'�"
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<br /> ,. . � �, � .,.���• payment ta Borrower. if a refund reduces principul, thc reduction will be trcated as u panial prepuyment without any -
<br /> .�,�:w�„�„,,.��: prepaymeM charge under the Note. �-'
<br /> � 14. Notices. Any notice to Borrower prnvided f'or in Ihi+Security Instrument shull be given by delivering it or by muiling ..-�-
<br /> f�i ,.::!•�:,� • �` � it by first claxs mail unless applicable luw rcquires use uf nnother me�hal. The nntice shall be directcd to the Property Address �,��-
<br /> .i� ;�.:`j•:s�:`. . , or any other nddress &�rrower dcsiRnutes by nu�ice �o I.cndcr. Any noticc �� l.endcr shall bc givcn by rnt clavs mail to
<br /> �r ' �• L.ender's address stated herein or any other address I.ender designates by notice to Bnrrower. Any notice�mvided for in this '•::
<br /> ..., __.,.�.,...
<br /> •� � � ,� Secudty lnslrument shaU be deemed to have been given to Borrawcr ur [x�xler wt�en given a,provldcd in this paragraph. �;_-.
<br /> . ,• ,1.,�`_ ,. 15. Governing Law; Severabiflly. This Security Instrumcro shull hc Foverned by fedcral luw und thc law itf the �;�:
<br /> , � „ � jurisdiction in which the Property�s Ic�u�ed. In�he event thut nny provision or rlause of Ihis Security Instrument or the Note
<br /> � • • �� con 8 icts w it h app l ica b le Iaw,su c h conflict�I�all nut nffect ather provisinnti of th+�Serurity Inslrument or the Nnte which can be '
<br /> • �, given effect without the contlicting provision. Ta�his end the pmvixions of this Securit�• lnstrument and the Note are declurcd ��`«
<br /> • . , to be severnble. �'
<br /> ••- •-• �� 16. Borrower's Copx,Sc•rrower+hall t►e given onr canti�rnu�J rup�•ut'thr N,�t�and of�his Security Instrument. ---_•�
<br /> � .��'� 17. TransFer of the iP►operlv or p Benefirlel Interesl in Borrower.If uU�r any parl of thc Propa�rt}•or any intcrcst in it ��".;;�`
<br /> � is sold or transferred lor i'S u benefirial inlcre+t in&�rn►wer is u►IJ iir tran�fe►red und&�rrowcr i�n��t a nuturul penon)without �;.;'_,
<br /> ' ''` "'' • I.ender's prior written.con�nt. Lender muy, at its option, rcquirc immedi•rte pnymen� in fuU of ull sums secu�rea hv �hir
<br /> '* ' ' Security 7nstrument.However, thix op�Nm shnll nut he exerciacd by l.e�kkr if excrcise i.�r�hibited by fi�lerul law a+a6 the dnte �:
<br />��... ��,. ,,.
<br /> j ;� of this S�curity Instnoment. �'°�
<br />;� ,-y4': • If Ler�der exerciscs thi.optinn, l.endcr shnll Eive B�►nawcr notirc of arcrleration.Thc nutirc�hull provide a period nf not .f'-
<br /> k, � ;.,';;;; ' less than 30 dnys from the dute the notice is drlivcreJ �ir m�il�til wilhin µhich Be►rrower mu+t puy ull sum� ucur�d by thi� '
<br /> ' '':•'�t� � Security Instrument. 16&,rrower fuils to pay the�c�umti prior a�thc rxpuuai��n of thi.�ri�d. I.enJcr may invoke any remedies r;;�
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<br /> _. '':� ,;a ��. '.�., '';,j��t,ti ., permittecD by this 5ewriry Ins�rumcnt wi�haut 1'unher nutire cx denwnd un Hurri,wrr. _
<br /> ; ,��.:t:;s4i;. . 18. Borrower's RiRM to Rrinstatc. II' l��rro�vcr mrrl� rrnain c�tir.dieion.. B��rrnwrr .hull huvc �hr righ� tu huvc •'"
<br />�-.�••;t ,� � • '�'`,�t;;li�;i;t;�%; enforcer�ni of thi,5ecurity Instrumrnt Ji.caminurd at an}• time prii�r 1�, th, carli�r��•,': �ae 3 Jay,�or aurh ��th�r �xri��l a. .
<br /> �• , � ' �.,,Y,.���
<br />".�:;;`,� ;' ., .. ;.,,,!' applicable luw �re:�y xp¢rit'y fi►r rcin�t•rtcmcnil hc(��n .ulc ut'thc Pn�pcm purw:inl t�� an} {x►�vrr ui.ule runtuinal in thi� ' �
<br />����i'1�: `�•`f Ary�,S.��� �� ,•,,',,��, Security lnstrumenr.a�r�b►entry ot'u juJgmcne en(urcing this Securiiy Inslrra�ient. 7'in�tie comliti�►nti are that&►rruwer.(u>puyx ; -
<br /> _�`�-" '•;+�*.�'� �. ' " I.eider s�11 sums whi�«then would be due urulzr this S�tiurity Inr;trumem a�nD Ifie Nutr s�if m►ucccleratinn hud accurred;(b)
<br /> �.•.5.. , . I�. �
<br /> . ` �.: •��,;�:•,., cures um.yr default of uny cuher cmen•rnt�ur rgreement�;Ic) ry}�all �zpenxes inrurrcd in enfi►rcin��hi� Sc�curity Ins�rumen�,
<br /> ' � • �� :��' includ'om�;, but not limited to, rcaxrc►a61e uuorney± f�t.; •rnd �•d� •tuke. surh�rtiun a.l.endi�muy reasunably rcyui��to atisure
<br /> � , . ' tbat the fien of this Sucurity Instrumcm. Le�xlcr's rights in the propeny•rnJ Burrowcr'.i�i�gatian t��pay the.um.�rureJ by
<br />. ' this Security Instrument shall amtinue unchangeJ. Up►n rcinstntrrnent by &mawcr, thi. Sccurily Instrunxnt anJ thc
<br /> =:•� �,.,;;:,;;,.,;;,��.• obligations secured hereby shull remain fully rt'fitiivc u.if no xcekru�ion had a:curreJ. Hoaever, Ihi�rigl�t In reimlaie�h•rll
<br /> �_._
<br /> -_ `�1 - -•. � -` - .- - not apply in Ihe case ot arce�crauan unuer para�;rapn i 7.
<br /> 19. Sale of Note; Clwnge of I.oen 5cr�imr. The ti��rr��r �i p•rrtirl �nlerc.t in tFie Notc lt��gc�hcr with lhi, Sccurity � '
<br />� •� �.� ;. . . Instrument)may be sold ane or mnre timc+with�w�prior mH•i,:�r�, 0'+irrc�wer. A+ale n��. r��uU ii�a�hunEc in Nu rntity�knnwn ':' �
<br />°_ � as the"Loan Servi��er"1 th�t rnllects nwnlhly�paynknt�due under �he tiors�nd�hi�Saurity Imtrumen�.7'hcrr al.0 nwy Ix�me , �
<br /> ';,+�•.s "'' or more ch�nges of�he I.o�m Servircr unnlateJ t��a+�de uf U�r Nu�c.lt'th�r��,a changc ul'thc La•rn Srivirrr. &irn���rr w•ill hc
<br /> ���, • ' given written notice u��hr ch�ngc in arc�irJ�nrr with paruRruph 14 alx��e and applicablr law.Tl�e nutir�N•ill,iatc il�r aamr a�nl �
<br /> o; " uddress of the new Iw�an Servicer und�hc adJre>�tu whirh puymcrN� +hould he madc. Thc nini�r will ulu►cunwin uny othcr
<br /> - U:�'l�l•:��.e�- •• inf'ornunion n�yuireJ by applic�blc luw. �
<br /> - . �:'�:" . 20. liazordous 5ubstatK�. &�rrow�r�hull nul cauu iir permit �hc pre+cnrc. u.c. di��x�wl. .larugr. ur rclrax u(un�.
<br />-..' ,",` . .�,� Huzurdous Substanccs on iir in Ihc Pn►prn�•. Borciiw�r +hall uot Ju. nar alliiw unyim� �I�c lu du, onytl�in�! •rll'crting thc ,
<br /> � Property that is in viulnti�m�if any Envin�nmenwl Law. Thc prc�ti�iing tau xntenre+tihull not upply tu Uir prr.cncc. uu. ur �
<br /> �, ;'.�".,�. . storage on the Property of timull quumi�ic.uf HuiarJau.Suh.�anrr•tha�ure g�ncrall� rttiagnin�l tu Ix upprupriate u�n�mnal f
<br /> _ =t . , msidentis�l uses And tn mainlerwn�r nt'�hr Pmpeny. �
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<br /> . . N����„�e :, Forin 3028 8/80
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