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<br /> , .�b:tandally oquiv�lent mo�tg+�e Insunu�c�c cover�go ia nat xveitaqle. Horrowcr shallpay to t.�nder each month e w�m oqual to
<br /> one-twelfth of�ho yearly mort�e inwrance prcmium being poid by Barrower when the insurance ooverage lapced or uensed to
<br /> 6o in sffect. [,ender will�ocept,ujc aM retain these puyments as a loss reserve in lia af mort�age lnsurona. I.oas nescrve
<br /> p+�ymenU►may no IonQer l�eroqu irod.�t the option of l.ender.if maAgagc inaurance vuverage(in thc amount ond for the period
<br /> ' that i�ender iequirea)provided by pn in�urcr approvod by Lender+�in becumec Available and ir oWained.Borrowu Wull peytp
<br /> tNe premiums requirod to mainlain mon�ago insurence in effoct,or W pmvlde a loss ncserve,until the roquir�ar�ent for mort�
<br /> inwrance enda in neoordaoco wilb any written agrocmcnt bixwcen Liorrower and Lender ar ApplicAble law. �
<br /> 9. itupeetion. Lender or i�s agent may nwlce raasonable entrks upon ond inapoctions of�he Propeny. Lender�lull�ivn
<br /> � 8or►awer nodw at tho time af or prior ta an inspoction�poclfyin8 re�sanobla cause for the inspectian.
<br /> `�'� fi_.._ 10.CoedeinnNbn. The procoeda of any award or cl�im For damageR,direct or rnnr�equcntial. in connection with any
<br /> _ condemnetion or olher takin� of eny part of thc Property,ar far rnnveyance in lieu af rn�xlemnatic►n, erc hereby wseignod and
<br /> �.. rlwll be paid to L.ender.
<br /> In the evrni of a total taking of the Propeny,the proceeds shall be pppiied to the sums secured by this Security Instrument.
<br /> ' whether or not th�n due, with any excesspaid to Bormwer. In the event af a panial taking af the Property in which the fair
<br /> market velue of thc Property immediateiy before thc taking is equal to or greater than the amount of the sums secured by this
<br /> �,_: , ;,...� Security Instrument immediately bcfore ti�e taking.unles.g Borrower aM Lendcr atherwise agm�in writing,the sumg secured by
<br /> ;�y�; •� thi$ Secu�ty Ingtniment shull be roduced by the amount of the procceds multiplied by the fullowing fraction: (a) the twal
<br /> � ���f�;� � amount of the suma secured immediately before the teking. divided by(b) the fair market value of the Property immodiately
<br /> �'�.� before the taking. Any balance shall be paid to Borrawer. In the event of a panial taking of the Properry in which the fair
<br /> }'• ',"'';z'�s"+�''��� m�ket value of thc Property immodiately befare the taking is less than the amount of the sums secured immediately before the
<br /> �"��"�����'��-'`�±,`�* taking, unless Borrower and Lender otherwir,e agree in writing ar unless applicable law otherwise provides,the proceeds shall
<br /> �� . ,.,� .
<br /> :;;,,�i,•.:;'v,s�rt:,'?�'�.
<br /> �• �. :,. �,,,.�,?�t�'j,�^t�.r��''��;; �aplf thc�Properiy is a cbandoned by Borrower�or if,�afte W othcerby Lender to&►rra er that the condemnor offers to make an
<br /> �i�.���•� ��•:•,%�'�•°°�'r. award or setde a clAim for ea, Rarrawer fails to res nd tn I.ender within 30 da �s after �he date the notice is iven.
<br /> . �'f '"' ' `��"'�` Lender is authnrized ta.:ollec�d�a 1 the roceeds,at its otion.either ta restaration o�rc ir of the rt or to the sums
<br /> �: �'S::.' _• .. .. PP Y P P Pe �� Y
<br /> ��;;'°;-+,.`•' secured by thia Security Instrument. whether or nat then due.
<br /> � Unless I.endcr and Borcower otherwise ugree in writing, any applics�tian of procevds to principal shall not extend or
<br /> T.:'. � postpone the due daie of the monthly paymenls referred to in paragraphs I and 2 ar change the amount of such paymems. ;�:�•
<br /> ,�. • 11.Borrower Not R�leased;Forbearance By I.ender Not a Waiver. �xtension of the time for payment or modification
<br /> - • . • of s�mortization of thn sums secured by this Security lnstrument granled by L.ender to any successor in interest of Borrawer shail
<br /> " ��'"�°` ' ';; �ot operute to release tha IipbUi�y oP ihe original Borrower or Borrowcr's succe.csors in interest. Lender ahall not be required to
<br /> � commence praceedings a8ainct uny successor in interest or refuRe to extend time for payment ar otherwise modify amortizu�ion
<br /> _ of the sums secured by thlA Sacurily In�irument by rcu.wn of uny demand made by the originul Rorrower or Harrawer's
<br /> ' � ' . successors io interest. Any furbcamnce by Lender in exercising�any right or remedy shall not be a wajver of or preclude the ..,�
<br /> ti:: . eaercise of nny righl or remvdy. °�4
<br /> `,"' •.,•,.� 12, Successors and A.�iqrm Bound; Joint and Several LiAbility;Co-signers. The covenunts and agreements of this °�'�'
<br /> ` �"' • Security Instrument shall bind And� benefit the successors und axsigns of Leiuler and Borrower. subject to the prmisions of '•�� ^
<br /> ` ' paragraph 17. Borrower's covenuntH and agreements shall be joirN And severul. Any Borrower who co-signs this Security ' • �'
<br /> -- Insiru�xnt but dc;e� not a��uia iha �wuta: i+�y i,cu-,i�tniii� thie Scxurity In�tru�xni orty ia mortgag.:, gram aod comty thai
<br /> "� Bo�owcr's interest in tha Propeny undar the tern�A of this S��urity Instrument; �b)is not penonally obligaled ta pay the sum.e "
<br /> • securad by this Scxw�t� Instnim4nt: and(c)uptrees thut l,ender und uny uther Borrower may agree to extend,madify,for6ear or
<br /> • • mnke any accomnxxiuuana wi�b roguni tv thc temis of thi�SMUrity Instrument or the Nu�e without that Borcower's consent.
<br /> ; ' !3.Loan Chary�es.If thu Inan �:cured by thix Security Instrument is tiubject to a law which sets maximum los►n churges,
<br /> , '"� . anci that law is linally interpn:tcJ nc�that the imcrest or nlher loan churges collec�ed or to be rnllected in connection with the
<br /> • laan ezceed the perniiu�Yi limilN,ihan� Ia1 uny �urh k►an rharge xhull he reduced hy the amount necesuiry m reduce the chnrge ':�'
<br /> � •' : '� to the pr.rmittal limit;und lb) onp+umh ulreuJy coU�cl�tii 1'r�im &�rn�wer which excceded permitted limits will be refunded to ';;�
<br /> ' , . � Barmwer. l.endcr muy ch�ui.� tn nn�kr this rcfund by arlucing the prinripul owed unJer the Note or by muking n direct p���.
<br /> ,� • ' payn�ent to &►rrowcr. II' •r r4limd �n:durc� principul, thr rcJurti��n will he trcuted u� u partial prcpayment without any . ��
<br /> � • prepayment rhargc under the Notu. '�"'
<br /> �%� � .. 14.Notices.Any niNice tu &irr�n��cr pruviJeJ Ibr in ihi.Seruriry In�irunknt,h�ll lx given by dclivcring it ur by muiling
<br /> �+' , it by first dass mril unlc++upplicuhlu iuw reyuir�s uk ul'unulhcr mclhixl.The nuticc +hall he dir��rtcd �o thc Property AdJrexs '� t
<br /> 4�� . or any other uddrcz. &irrua•cr Je+ipnule� hy no�ice lu I.e�xtr�. Any n�Nicc lo Lender +hull tx given by first clux� mail to ±
<br /> � I.ender's uddress +�ut��d hcn:in nr uny aihrr udJr�+z Lcndrr dc.ignu�cs by na�ice ta H��rrawcr. Any notire pnwiJrd fiir in�hix '
<br /> ' , Serurity Instrument�hull bc Jcenkxt td huvc hrcn given tu B�►rro��rr�ir LA�nJrr whcn givcn a,p�o��iJ��l in this purugrAph. t',' :`
<br /> j' IS.Govcrninq LaW�; Sevenblllty. This S�:curity Inti�rununt ,hall Ix guvcrn��l by fedcrul law und Ihc luw of the '
<br /> ����� urisdwtion in which �he P ert iH locutrJ. In thc c��ent lhat un nwision nr rlautie ot'Ihiti Srcurit Inurumem or the Note
<br /> y� . .I roP Y�• Y P Y f:. .
<br /> conflicl�wilh appticablr law,aucL c��nllicl,h.�ii not atic�t uthci �nu�i,iuro��i'thix Scrurity Imtrumem ur thc N��tc which�un t� �
<br /> " given effec� wi�hc�m the conflie�ing pnr�i,ion. Tn�hin rnd th�provisi��nx af thix S�tiurity M�trunxnt und �he Nn�e�re declured
<br /> �I.. .::
<br /> to be sevcrablc. �
<br /> � ' 16.&�rruwer's t:upy.Burrn�v.;r�hall hc givcn�►nc rimlimncJ cup�•uf Ihr N�NC utxl�►t'Ihi,Serurily Inatrununt. �� .
<br /> ; � Q� 17.Transfer of Ihe 1'roperty nr s�Ikneficiul Intenwt in If��rrnwer.It'all ur any p•rn uf thr Pru�xny nr any interest in it
<br /> ' is xold or Iranrl'crrcJ Inr il'u bcnclicial intcrc�t in&�rn�wcr i..ulJ i�r tran.fcrrcJ and &�rn►acr i.nnt a n•rtun�l �x:nanl withoul -
<br /> l.cndcr's prior wriucn ron�ent.. U:nJer muy. ut ils uptiun. reyuir� immcJ�at� pa�•m�nt in 1'ull ol'all tium+ �crurrJ by Ihi+ i'
<br /> 1 ; � �•..,,' Security ln�trument. Hu��•cver, ihi�.optiim.hull nut hr c.rrrci.��l hy L�ndrr it'crrrci.c i+pruhihit�Y1 hy federul law a.af the d•rtr: �,;
<br /> '� ' of thix Sewrity In+trunxnl. ��
<br /> , . . If l.enJrr cxerei.c.�h1�a�ian. landcr.hull give F3��rraurr nnti�c ul arrelcrutian. Thr nutirr.h•rll pro�•idc u�riixl of not
<br /> Icss than 30 Jay, 1'mm �hc d�zc ihr iH�tirr i� JclivcrcJ ur muilcJ ti•ithin w hich Hi+rro��•cr mu�t p•r} all xum� .crur�J hy thiti ,
<br /> 'i^'; • � Sccurity tnstrumrnt. 11'Don•uwer fail�tn puy thr+r�wn,priur tu U►r cr�ira�i�m ut �hi.�xri�xl. LcnJcr muy invokc any rcmc�iic� �;
<br /> i ; .. permitted bv thi+ Scruriry Io�UVnxnt withuul funhrr nuticc ar JemunJ.►n H��rr���+rr.
<br /> ,,. ° r � 18. Borm��•er's Ri�hl to Rrinstate. If &►rru��•cr mrc�. rrnain c��ndiii�,n.. &�rr��«rr .hall h:��•e �hr right to havc ,
<br /> ��" � . . cnforcemcm uf�hi� Sc�:urity In.tmmcnt Ji,cun�inucJ at any timc rri�.r a, thr rurlirr ot': lul S Ja�. lur such iNhcr �riixl a+
<br /> � ; r s�ppli�abk law may ,prrify li�r rcin.tntrmrnu hrl'urr .alc �d' �h� Pr���,eny pur.u:mt tu •rny �x,wrr„f ,ulc cunt.iin�d in Ihi.r .
<br /> � • Security lnatruntcnr.or thl entry��d�a juJ�mrnt rnti�rcing thi�Srrurit� 1ns�rum�nt. Thu,e c�mditium ar�tha�Barr���cer:�u1 pu}•+
<br /> I.ender all sum� a�hich then a•ould be due uixlrr Ihiti Srruril� In.trumrnt and Ihr Nu�r a. if no acrelrratinn h�J ixcurreJ: Ibl ,
<br /> � ; � eures any default af un�• utl►er co��enanl� ur agrcemcnts: Ic1 p.q•,:dl r��n�rti inrurr�tl in cntnrcing thi�Security Intitrument.
<br /> . including.but nut IimileJ tu. rc:��onaMc attun�ry�' lic.: anJ�dl I:�Ac. �urh uriiun a• Lcixlrr muy rea.anuhly rcyuirc to;�..ur�
<br /> thut thc lien of Ihi�S��urity In.�rutnrnt. LrnJcr'�righlti in thc I'ra�xn} unJ Barrawrr'.ubliguti�►n tn pay thc wmti.crur�J hy
<br /> this Security In�trum:nt .hall rnntinur wkhungrd. Upnn rem�t:NC�nent h� &�rcu�ccr. thi� Srcurit� In.trumrnt anJ the L
<br /> r '— �--- uvii�eaiiuin�c.YUrewi ircreir���naii nmain tuiiy ci7eciive a� it no ucceieratiun iiad�xcurrru. riuw•ever. tni� riFnt�o mimwu�n�ii .
<br /> nat upPly in lhe ra�r of u�ticicrotiun wiJcr par.�gr.iph 17.
<br /> 19. Snle of Notc: Chankr oP Loun tiervlcer. Thc Nutc ui a punial i�ucrc,t in IIk Nulc Uag�th�r x•ith thi, S�tiurit}
<br /> ' '..�: Inswmerx►may hc suld unr or nu,rc�imr.w•i�h�iut priar nu�irc�u F3orr��NCr. A.alc m•ry rc.uh in•r ch�n�c in thc rnlit}��know�n
<br /> as the"L.oun Scrvictr"1 thut r��ll�tt. mun�hla•paymrnl.duc widrr thc fvi�tc anJ Ihi�Srcuri�y In,tromcnt. Thcn al.0 ntuy(+r unr
<br /> �-°� �, or more ch;u�g��uf thc Lu•rn Scrviirr uorrla��tl lu a wlc nl'Ihr Notc. II'thcn i+a rl�angr uf thc l.uao Scr�•i�cr.&�rcu�vcr w ill Ix
<br /> � e . ', � given written noti�r�il'the rhangc in •rrc��rdunce�vi�h puraErrph IJ aMwr and applirahlc lua•. Thr nutire��ill.tate thr namr and
<br /> 4 j uJJresx of the(ll'W LU8t1 Sl'NIIYI 0f1(I llll':RIIIfL'�\(0 N'Illl'Il �l:lfllll'lll� �IlOUIII Ik m�xic. The rnuire N•ill :�lui r��muin any ��thrr
<br /> E inforntation rcquin�l by applicahlclu��.
<br /> � � � 20. Hazardow Subsianceti.Borm�vcr �hall ni►� r+�u+r i�r pcnnit tlk pre.�nrc. uu. di.�x�wl. ��ar•rgc.ar rck•r.r nt�•rny
<br /> J Hs¢anlou� Subxtu�xe+ ��n ur in �he Pmpcny. &im�u•rr �hull nut du. n��r allow• am•�►nr clu tu du, am�IhinE al'lititing tl�r
<br /> �� r; Propeny llwt i�in vialadim ot'uny Em•lmnmcnwl Law•. "fhr pra•�tiiinE tu,� KI11lI1Cl`�AI18II nat apph• tu Ihc pn.rncr. u.r. ��r
<br /> .�� ---- -- �lorugc un thc Pru�xny uf,nWil yuuntitir+ut'Hui•rniuu.Sub.�aikr,ihui an:grnrrall} rcr��gmt.tii ai t+r appn►priat� tu nurnwl
<br /> i .
<br /> residentinl u�urxi to m•rintenanceuf thr Pn�pert}•.
<br /> �.w••�.,�a Fam 3028 9i90 �
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