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<br /> ' � • �� »ubstnntially cqulvnlent mortgago inxurance covcrage is not availablo,8c�rmwer shull pay ta l.ender ench month A eum equai to
<br /> -.. �=� •T, �: � � �, f ane-twelfth af the yearly mongege insurance premium bving puid by Borrower when the insurance rnvernge lapsed ar ce��sed ta
<br /> be in cffect.l.snder will accept,utio and retuin ihese puyments ati u lasw reserve in Ilcu of mortgage insurnnce. L.asw reserve --�--- _ _ _
<br /> � � '.• .. . puyment�may no lunger be requirc�i,ut the aptian af l.ender, if murtgu�e insurunce cavernBe(in the umuunt anJ fAr the petiod �„_;�-;�4 r�:
<br /> • � that L,endcr rcqui�esf providcd by un insurcr opproved by I.endcr again becomew uvuitablc uttd is�abtained. Bc�rr�wcr nhall pay �,� ___.
<br /> ..•� �� �� , thc premiums requimd to mainwin mangugc insuruncc In effect.ar ta pr�vidc u las�rcwcrve,untii the requirement for murtgage =___—
<br />. inxurnncc enda in nccardance with any wrlttcn agreemcnt betwcen Barrowcr and l.ender ar applicAblo Inw. °��•--
<br /> " . 9. lnspectlon. [.ender arfts agent muy mukc rcur►anablc entrfc�upon und iaspections af thc Property. I..c;tixicr shail give �:�=
<br />� .. �� - • �Horrower natice at the timo of or prior tw un inspectian spectfying reasanabla cuuse for the inapectian. _ _
<br />' " .. • !0. Condemnatlon. The pracceds af any uwurd or cluim fi�r dumugcg, direct ar cansequcntiul, in cannenlun with any � = -
<br />- .. �candemnadon or athcr taktng of uny purt of the Praperty.or far conveyancc in lieu af randemnation, ure hcreby ati.ri�ned+u�d ", �.__- - - -
<br /> ehull bc paid to I.endcr. �+ 'y�- �
<br /> x:�,.
<br /> ° In the event af u tatul toking nf the Praperty,the proceeds shail be appticd ta the sums secured by this Sccurity Instrument, :-' -•
<br /> ��, !'�whether or nat therr due, wtth any excess paid to Banawcr. In the event of u pnctial tsking of the Property in which the fuir ' „'��s_`:-
<br /> - ' � murket valuc of thc Praperty lmmedintely b�forc the taking !x equal to or grcuter than thc amount of the sums saurcd by this -�...
<br /> ,. �. Securiry Instrument immediately befarc the tuking,unless Aarrx�wer and Lender otherwise ugree in wrlting,the sums secured by ��'�" �`
<br /> thia Securiry Instntment shutt be reduced by the umount af the pmcceds multiplied by the fallowins frxction: (u> the totnl •u�:?:�':,
<br /> �- � amount of the sums secured Immediateiy before the taking, divided by (b>the fair market vulue af thc Prapeny immaiiatcly ; � ���' --
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<br /> �� before the taking. Any bulance shall be puid to Borrower. In the event of u paniul taking�f the Property in which the fair „:.:��,�,
<br /> ' market value of the Property immediately before the taking is less than the emount of the sums secured immediatcly before thc �� . ,
<br /> r � tnking,unless Borrower and L.ender otherwise agree in writing or unlcss upplicabie law othcrwisc providex. the procecds shall �
<br /> ' • �� be applied to the sums secured by thls Security Instrument whether ar not the sums ure then due. „ ., '-�"�
<br /> �: If the Property is abandoned by Borrower,or If,after natice by l.ender to Borrower that the condemnor offer�to make an o {� •
<br /> � � •• award ar settle a claim for damages, Borrower fuils to respond to I.ender within 30 days after the date the natice is given, . ,t;�:
<br /> . . .. I.ender ic authorized to caUcct and npply the proceeds.at Its option,either to restaration or repair of the Praperty or to the sums _-� _
<br /> secured by this Security Instrument,whether ar not then due. •� �`� �� �
<br /> � ' �� Unlesc Lender and Horrawer otherwise agree in wricing, any appiicetion uf p�o�:crJ� to pri�x:ipai shai! nnt extend ar - __
<br /> postpane the due date af the manthly payments referred to in paragraphc 1 und 2 or change the amount af such payment,. `; '-;;'.�
<br /> 11. &►rrawer Not Released;Forbearance By I.ender Not a Waiver.Extension of the time for payment or modification . ... —
<br /> of amonizatian of the sums secured by this Serurity Instrument�ranted by I.ender to any successor tn Interest of Borrawer shaU ,� v
<br /> • ' not operate to release the liabiliry of the original Borrower ar&�rrower's successors in interest. [.ender shall not be reyuired to � ,• �-
<br /> mmmence praceedings against any successar in interest or refusc to extend time for payment or otherwisc maii fy amortixution •
<br /> � of the sums secured by this Sccurlty Instrument by reason of any dcmund made by thc orlginai Borrowcr or Borrowcr', ' �� �
<br /> � successors fn interest. An forbearance b L.ender in exercisin an ri ht or remed chull nnt be a wuiver af or reclude the '. ��
<br /> Y Y � Y � Y• P , '�_��
<br /> exerclse of any right or remedy. ��'"-
<br /> � 12. Successons and Assigns Bound; Jolnt and Several I.tabillty; Co-signerc.The covenantx und ugreement�of thix �j*`-,;��=';,..-
<br /> Securiry Instrument shall bind and benefit the succestiors und usstgns of Lender und Bnnower, subject to the prcwititcros of
<br /> � � ,____-_ _ , p�r��rnph 17. Bnrrower's cnvenants and ugreements shull be loint und xeverul. Any &�rrower who co-sign.this Srrurity ` :: __
<br /> Instrument but dncs not execuic thc Notc: (u) is ccrxigning this Security Inxtrument only tu mortgugc, grunt urul convcy thut - : .4 �
<br /> Borrowcr's interest in thc Prc�pcny undrr the tcrmti��f this Sccuriry Instrument; (h)is not per�onuily ohlignted tu puy thc�unn ,. .
<br /> secured by this Security tntitrument:und(�:►ugrec,thut I.ender urxi um uthrr&ir�owcr muy u�rcc to rxtcnd, modify,ti>rbeur iir . "�
<br /> muke uny uccommoduti�mti with rrgurd to thc term+��f thi�Securlry (nstrument or the Nntc wiU�out thut Borruwcr'.ro»�ent. • •�
<br /> . 1J. I.aan ChurAes. If the I��un+crurcd hy thi�Security Instrumcnt is.uhject to u law which�rt.muximum luun rhurge+, ' -• r�
<br /> and that luw is Tinuliy imcrorctcd u�thut thc interest or othcr luun chur�eti c��llrrtcd ��r ti�hr cullcrteJ in runn�Ktion with thc --- -�-
<br /> fau���cet3 ih�p.:rm{ucd Ilmit�, then: ta►any :,ucli loan rharge�hafl hc rcdured by the ami�unt nece�sury t��redurr thr rhurgr � .`%�; .
<br /> to the permtttcci limit;und(t�)uny+ums ulreudy colleeted from Borrower whinc�xcca�ed permitted ifmits will be rcfundeci to '
<br /> Borrower. Lender muy ch�xi+e tc� mukc thiti refunJ by reducing the prinripul owed undcr thc Note ur by mnking u direct ;;�
<br /> ° payment to Botrower. If u refunJ reducc� principul, the rcdurtion will be trcut��l uti u partiul prepuymern without uny . „-r
<br /> . prepuyment chargc under thc Nntc. �
<br /> 14. Notic�. Any:uitirc ro Borrowcr providcd fcir in thiti Serurity In.trument xhull lx Niven by dclivering it or by muiling
<br /> it by first cla�s mail unless•rpplicablc luw requires u�c of unother method. Thc notirc+hull hr JirerteJ t�i thr Propeny Addre�x � �.���
<br /> I ly.. .
<br />- or uny other uddrexs Borrower deyignutes by notice to Lender. Any noticr tu LenJer �hull be given by tirst clux. mail tc� I ;, j_
<br /> Lender's uddress stated hereinor uny other addre+s Lender de,ignutc� by notirr tci Bnmc�wer. Any noticc proviJcd fi�r in this ' f' . �"
<br /> Securiry Instrument tihall he dc�enu�d to have heen given tc>Bi�rrower or Lender when�!iven u,providcJ in this pa�agruph. � ,��•
<br /> 15. Governln� Law; 5everubility. Thi, Sccurity Imtrwnrnt �hull he g��verncd by federal luw and thc law<�f thc � !.;'
<br /> � jurisdiction in a�hirh �hc Pra�xhy is lurated. in the event thut any prnvi.i�n c�r rlau�e c.f this Security In�trument ur the Nutr ! ..:��'
<br /> , conflicts with upplicablc law. wnc��mflict�huU not affcct iithcr prcivisicm►uf thi+Security Instrumcnt or thc Nutc whirh ran hc i �;
<br /> given effect without the contlicting pruvi�iun. To thi�end the provi+ium c►f thi.Srcuriry In�trument und the Nc�te urc declureJ �.;
<br /> to be severuble. � �±
<br /> 16. Borrower's�4c�py.B�Kruwcr.hull bc givrn unr cunti�rnxed c��py uf thr N��tr and nt thi>Srrurity Instrunxnt. r
<br /> 17.Transfer of the Property or u Beneficial Inter�wt in Borro��er, if ull ur any part uf thc Pru}xrly ur.►ny intcrc.t in it x,
<br /> is scild or trumfcrrccf(��r if a tkncticial intcrc+t in Burruarr i,�ulci or trantifcrrrJ und B��rrawrr i.not.►natural }xn�m)withuut � .
<br /> Lcndcr's pr'sor writtcn cun,e►x. Lcndrr may. ut it> �,ption. myuirc inmicdi:ur pa�•mcnt in tuU ��f ul� .wrn ,crurc d hy t hi.
<br /> , Seeurity Instrument. Howcvrr.thi�uptiun�h:�ll nut hc rxrrri�rd hy l.ender if re�rr�x i,prahihitcd b�• fcdcral Ir�c a�ol'the datc
<br /> of thi,Sccurity In�trumcnt.
<br /> if Lendcr cxcrciscs thi. uptic�n. l.rndrr.hull�ivc Borr��w•cr ncitirr of ucrrlrr.itiun.Thr n�iticc.hall pruvid�a prriixi uf not ,
<br /> le+s than 30 days from thc afalc thc notirc i� dclivcrcJ ur tnailcJ uithin ��hirh Horro�ccr mu.t pay all ,unn �erurrd b}• thi. �
<br /> Sccuriry In,trument. if Burn�ucr fail.ta pay Uu.c�um�priur tu the cxpiration uf thiti�ri�xl. Lrnder may im•��hc an�• rcm�dir. ,
<br /> ' permittcd by thiti 5ecuriq• Intitmmrnt withuut t'urthrr nutire ur dcnr.md��n Hurruwrr.
<br /> 18. Borr��wer'x Ri�ht to Rcinstatc. If Harrowrr mcch ccrtiiin runditium. B��rru��cr �hiill ha�•c thc right tu hu�•c
<br /> enforrcment of thi. Securiry Intitrwnent di�runtinucd ut uny timr priur ta thc rarlirr of: 1al S da��+ I��r�uch cuher periixl :�s
<br /> npplicubk luw muy +�xrif'y ti�r rcin.tatcmrntl hcti�rc �ulr of' thc Pmfxrt�• purutant i�• ;m�• �x���rr ��I'.al� .�,m:iiur.l in �hi. .
<br /> Sccurity Imtrumrnt:ur ch►entn• ��I'a juJEmrnt�nti,rcing thi.Securiiy Imtrununt. 'Th��.r rundiUun.:ir.th;�t Hurrm��r. uil pa).
<br /> l.cndcr uU sum,��•hich then Wnu1J hr dur unJcr thi, ticcuriq In�tnunrnt :m�l tlir Nu�c :�.if nu arrrlrrati�m h:��t orrurrcd: �1,�
<br /> rures uny dcfuult ul'un�• uth�rru�•cnant. ur xgrrcmrnt,: �r) p:��. all rsprn.r, inrurrcd in rnf�rrring th�. Srruri�� In+trumenL
<br /> � i inrluding.but n��t limitrd to, rcu,unablr auurnc�ti' frr,: an�l �d► t:tl�c. ,urh artiun a�Lindcr nr.��• rr:uanahl� rcyuir�tu:i..um
<br /> ; �, , thut thr licn nf thi�Sccurit�• In,trumrnt. Lcndrr'� right� in thc F'ru�krt� ;�nJ ii�n•r�,��rr\ uhligutiu�i tu pa� thc �um.xrurrd h�
<br /> . : ehi� S�•ruri�v Imtrumcnt .h:dl rontinur undianecd. Unun rcin,tatcmcut hv fiurruarr. tlii� Srcunt� in�trumrnt :►nd the
<br /> -. -; e�bligation,s��curcd hemBy.hall rrmain tully�ft'crtive:i��if nu ar�cicratinn had�kcurnd. Hu��r�rr, thiti ri�:ht t��rciu�tatr,hall �
<br /> nnt upply in thc rutic uf acrrlcraticm undrr puragruph 17.
<br /> '' 19. Salc of Notc; Chs�ngc of Lnan ticrciccr. 'Clic Nutr��r a p.utial intcrc.t in thr Nutr �tugeth�r aith thi. tirrurit�
<br /> ; In.trumcnt)muy bc.old nnc armorc timcs�vithuut pri��r nutire ai Hurru��•rr. A ,ulr may rowlt in a chaiigc in dircntitr If�nu��n u
<br /> , ' u+thc"Loan Scrviccr">thut c�dlcct�nwnthly paymcnt.duc unJcr thr Nutr anJ thi.5�rurit�•ln,trununt. 1'hrre ahu may hr��n� •
<br /> j � •i or morc changex of thc l.��un Scrvircr unrclatcd tu a.alc uf thc Notr.If therc i.a rhangc ul'thr Loan Srrvircr. Burr��µrr will hc
<br /> givcn wriucn ttoticc��}'the rhun��in ucc<irduncc u•ith paragraph 14 alxwr xnd upplir.tMc lu�v. Thc notirr�eill �tatc thr namc:�nd
<br /> ' uddrc+s ol'thc nrw Lc�an Scrvicrr und thc uddre.. to whirh papmrnt� .huuld hc macic. 'il�� n�xirr ��•iU al.o c��raain :m�� ���hrr
<br /> � ' infc�rmutian rcyuired by applirablr luw. �
<br /> , � l0. Har.ardous Substances. Burruwcr �hall nat r.+u.r ��r permit thr pre�cnre. u�r. di�puyal. .turaEe. ��r r�l�uu uf um
<br /> , �� Hazardtws Substunrrs nn ��r in thc Pri��xrty. Hcirraµ•cr �hall ncn Ju. n<ir all��w� .un�unc rl�r to do. anvthuig :dtcrtin� Uic
<br /> Propeny th:+t iti in violutiim o(uny F.nvirnnmcntul Law. �'hc prrr��lin�avu ,rntenrc+.iialt n��t.�rni�- a,�i,�pr��encr. ux. ur
<br /> , ;' . storage cm thc Prop��rty cif sciull yuuntitirs c�f Ha�ardouti Sub.tancc.thut arr �rnrrall� rcr��E�iiicJ tu tx apprupriate tu nunual
<br /> msidcntiul u,cs und ti�maintcnancc��f thc{'roperty.
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<br /> ��.�„��e„�.� Fam 3028 9190 �
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