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<br /> � substantiullyegu�tV�'t;�ort sge insurance coverage is not available,Barrawer sha11 pay to I.ender each month n sum equal to
<br /> one-twelfth of t�Q ye ,�r�,'ibr�'gh�e�nsutance premium being paid by Borrower wben th�insurance caverage Iapsed or ceused to�
<br /> ----"--"°"_ � bc in effect.l.en�};r wl�,'uEcppt.use and tetain these paymenGS as u lass reserve in lieu of martgage insurance. Loss reserve�
<br /> �-=����r���s�'� payments may no langer bc reyuiceci,nt the optian af i.endcr, ff nwjlgage insuranc�covernge(in dw amoant snd for tlie�erlod � ---
<br /> —__—-- --- that Lcndcr requfres)provided by an insurer approved by I.ender again becomes availabte and is obtaine�. Bocr�wcr�hall pay r--
<br /> _� . the premiums required[a muiutuiu mo�tga�e insurance in effect,or to provide r�loss rea�erve, until the requirement for mortReB�eb _ ____-_
<br /> r f��,��}� insurance ends ln accardancc with any written a�reement between Bonower and L,ender or applicabte law. p = -- _
<br /> =,,,,,,,,,,�_ 9. Inspectton.Lender or its agent may make rP.asonable entdes upon end jnspections of the Property. I.ender shall giv� ���
<br /> � Banaw�r notice at the time of ar prior to an inspection specifying reasaneble cause for the inspection. °"'s
<br /> Y,..n���;�-��i�� 10. Condemnatton. The proceeds of t►ny award or cla�m far damages. dinect ar cansequentiul, in connection with anyA �
<br /> ..� ..:.�. o�:.-�.�r�.—=.
<br /> -- �bndentnation ar ather taking of any part oi the Praperty.or for canveyance in lieu of condemnation, are hereby atisigned nn�
<br /> � �_ �- —
<br /> ;�` -,., , at�ait be paid to i.ender. _ __
<br /> ,.t;��`�`,°�+'�" ln the event of a total taking of the Property.the proceesis shall be applied ro the s��ms securrcl by this Securtty Instrument, �,,�___ _
<br /> -� ".�``�: whether or nui then due. with any excess paid to Borrowcr. In thc evcnt nf a partia4 taking of the Property in which the fair �� _
<br /> ='::�`��•�:: �'�•''` market value of the Properry immediately befare the taking ia equul to or greater than the amount of the sums secured by this �;���y=_���
<br /> . Security Instrument immediately before the taking.unless Borrower and Lender otherwise agree in writing, the sums secured by �':;';���:F��_�--
<br /> � �. this Security Instrument shall be reduced by the amount of the proceeds multiplied by the followin� frnction: (a) the tota! : �����
<br /> ��
<br /> � a�naunt of the sums securcd immcdiutely befo�e the takins, dlvlded by(b)the fair marl<et value of thc Prope�ty imm�diatel.y ;' -:,,�:;��„y;.�,:;•..—
<br /> twfore the taking. Any balance shall be paid to Barrower. In the event of u partial taking of the 1'ropercy in whi.ch d�e fair ' • ���.'����:±.:�r�i�:y.�-�;
<br /> �' market vulue of the Property immediately befare the taking is less than the amount of the sams secur«1 i�nmedia�ety t��f.ore tE�re ',�Nl�`.�.�'.�,�t, x4�.,.
<br /> taking, unless Borrower and I.ender othenvise agree in wnting or unless applicable law otherv+i.se provides, tJie pracroed.s shu.[I ;;,;;�y�,,�s. ,�,._:,�r,:��; '°
<br /> be applied to the sums secured by this Security Instrument whether or not the sums are then due- �,,� �: .�_:;,_'�!�'�t:�:�•,r--
<br /> If the Property ls abandoned by Borrower,or if,aRer notice by I.ender to Borrower that the cundemnnr v('(ers co make an ;f��=�''
<br /> :•�;.�, •, award or settle a claim for damages. Borrower fails to respond to Lender within 3a days after the dare the notice is giwen. �'�a;r,�;�t,,+`,:,z�v_-----
<br /> l.�nder is autharized to callect pnd apply the praceeds,at its aption,either to restoration or repair of the Property or to the sums �; •S.�
<br /> � ' secured by this Security Instrument,whether or not then due. s� �� ,��-- --
<br /> Unless Lender and Bonower othenvise agree in writing, any application vf prn�ee►1: to principal shall not extend or '
<br /> st ne the due date of the monthl ments referred to in ara ra hs 1 And 2 or dtan�e the Amount of such a ments. ,,4 ''''"�"
<br /> pn• p� Y PaY P F P • b P Y '..ti�•;���+q
<br /> il.Borrower Not R�i�aseap;lForbrurance By I.eader Not a Waiver.Extension of the time for payment or modification a �; ��:�_
<br /> �, c�fi amortization of the sums secured by this SecmYty Instrument granted by I.ender to any successor in interest of Barrower shall �_
<br /> . not operate to release thc�liaDili�}•of thr original Borrower or Borrower's succescon in interest. I.ender shall nnt be required to _--- '
<br /> commence proceedings against a��}• suc.ressor in interest or refuse ta extend time fi>r puyment or otherwise mcxlify mnortir.ation � °"����� ��
<br /> '�''" of the sums secured by this Security Jnztrument by reaxon of any dcmand made by the originul Borrower or Borrower'ti '�
<br /> .,!'�;�' successors in interest. Any forbearanc�e 4+�� Lender in exercising any right or rcmedy shall ►x�t be u waiver of or preclude the , _��'�`'``=°=�—�
<br /> ' : . exercise of any right or remedy.
<br /> , 12. Successors and AsstRns Bourod; Joint and Several I.iability: Co-signers. The mvenants and agrecments of thiti • :d � �
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of �d�;,•.,
<br /> v:�� „
<br /> ;'� . �'` paragraph 17. Borrower's mvenunts and agreement+ shall be joint and several. Any Bnrrower who co-tiigns thts Securit�• "'�1'F'' :5 ,..s,..
<br /> •�� Instrument but does noc execute che tivnr. iai i� �u-+Ibi'�iiib t�il+ .ci'k"ilTity jASirumcnt ont� l0 5::7:'lb�i^.C.�rant und c�nvey th:�t �
<br /> ,i;� Bonower's interest in the Propeny undcr thr tem�.of this Security lnstrumcnt: (b)is nut personully obligatcd to pay the sum� :,.••,��1,
<br /> ' <rrurcd by this Security Instrument;and(c)agrees that Lender und any othcr Borruwer may agree t<�extend, modify, fi�rbear ur ,�, �
<br /> >°�;•;.: m.�ke any accommodations with regard tn the terms of this Security Instrununt or dse Note without that Burrower's consent. ;� i ' �
<br /> - 13.Loan Chae'ges. I(thc loun�ecured hy this Security [n+trument is subject to u law �vhicb setx maximum loan charges, , Y�.
<br /> " ' � � and that law is finally interpreted .0 thac the int�rert or othrr loun chargr�rollected<�r to be colluted in connertion with the ,:.��i�'
<br /> ' � loan exceed the permiued limit.,then_ ca�.u�y tiurh luan rharge,h;�U he�edured by the amount ncre..ary to reJuce thc rhurge �-�'u;ts
<br /> ' S'.)'�'�S
<br /> • ' to the pem�itted limir,und 1b)any +um:. alread�- collerteS from Borrc�wer a•hich rxceedui permitted limits wilt he refunded to �„ 1�
<br /> . ' � Borcowcr. Lc�ndcr may rhai�c tc� makc thi� rcfund by rcduring thr principal o��•ed undcr thc Notc or by making a dircct •:�'{,� ,
<br /> payment to Bnrrower. If'a refund reducr. principal, thr reJurtion will hr treated as a partiul prepayment without any ' <<"� '�
<br /> � prcpaymcnt chur�c uncicr thc Note. , .'��:'�;.':�t.
<br /> 14.Notiees.Any notice tu Borrc�wer pro�•iJed tiir in thiti Serurit��Imtrumcnt tihall hr gi��cn by deli�•ering it or by muilin� •^�,�.� !�i• �
<br /> • - - �i1;i -.
<br /> . ' ' it by first rla+ti mail unles.applirablr I;►« requircti u�e ut�anuthcr methixl. Thc nuticc ,hall he dirrrtcd to the Propert�• Addreti� �n?.:�`.;i;1;r.-�•
<br /> ; �1:�, ,i�{.;:,*;�.
<br /> � , o� or �ny othcr addre�ti Borrawrr dc�igna:�. hy notirr tu I.cndcr. Am• n��ticc to I.cndcr ,hLll bc givcn by fir,t clas� tnuil tu �''
<br /> ;,.�.r�t • ...,
<br /> . Lender'�addres, �tatecl herein or nn�� uth,r eJdrrsti Iandrr dr�ignate� by �H►tire tc�Bormwer. Any nc�ticc pro�•ided for in thi. , •P;Y��;��::' ;°;
<br /> ' Serurity Instrument tihall tx decmrd tu huvc heen givrn U�Bi�rr�nrer or L�ndcr�ehrn gicen u,pr���•ided in this pur.tgruph. . :;,`' .; :
<br /> �:�,:.
<br /> :s:,�,� 15.Governing I.a�c: tie�erabilit�. Th++ Secu�ity� lntitrwnent ,hall be gc,�ernrd by feJeral !u«• anJ the law uf the + '"_ -
<br /> juriufictiai in which the Pr,�}nn) i: lixated. ln thc event thxt�ny pru�i.ion �rr rluwe i,f thiti Srcuriry Imtrument i�r the Nnte '� � •r•:'It�„` .,
<br /> .� conflict+�vith:ipplirabl�la«. ,uch conf�ict,hall rn�t affcct uthcr pru�r:ioi:,�,t�thi,Sccurit� In,trumcnt<�r thc Nutc w•hich ran hc , '�,�!`.';��. ,` l
<br /> given effcrt �ti•ithout thc rurflicting pr�n�i+ini,.Tu thi.rnd th�pru�i.iom ul thi� Seturit� In+trument anJ the Note are drrlared ' ,•., i. —
<br /> to br<cvcrablc. •" • _'
<br /> G6.Borro�cer's G►p�.Bnrruticr.h:�ll hr gi�•cn onr c�,nfurnuJ rup<<�I thc��•c�anJ uf'thi,Scrurih In�trmncnt. ' .
<br /> 17.1'ransfer of the Nroperts or a fiNneficiaf Inter�yt iu Borr�►«er. If alt��r am p�n uf thr Pruprrt� nr sn� int�re�t in it � .
<br /> � ;;" " iti sold or tramf�rrcd(��r itu henelicial i�ucrr.t in Burruucr i.wld ur tramlcrred and R��rri»�rr i+nnt a natural pcn�ml�►ithout �
<br /> �;` ;�`���'�• Lender'ti pri�,r writtcn romrnt, t.end�r m.��. at it� ��ptiun. r.yuirc immrdiatr pa)mrnt in ru'.: �,t all �um, ��CUI'td h) tlllti '
<br /> .;ti�:�� Serurity In�trument. However.Uii,i�pnon,iiall rn,t Ix rerrri,��l l,� Lrnd�r il'r�rrr�,c i,pruhih�t;�i h}•f�d�ral la���a�ot thc datc '. :����.
<br /> . .` „f thi,Scrurity imtrumcnt. �,;!`.•�':';y�.'
<br /> •� If Lendcr exercisey thi. ��p�i��n. L.cnder,hall gi��e B�,rr�,wrr n�,tirr at arcr��r.ui�•.i.Thc�xnirr.hall ru�ia�a eri�xi of nut . ,.
<br /> P P �•��.+5::•:. •.
<br /> � . less than 30 day. from thr �i:itc th� natirc i.drli��ercd ur mailyd ��ithm ��hi�'.i ;�,.r.uwer mu�t pa� all ,urr,� .«urrd B�• thi. '•y.ti,, .,
<br /> • �:;��':ti Security Instrumcnt. If Bc�rn�arr fail.lr pa} thr��.um.pri�ir tu thc r�pir:itirn,.:.ti;�,prriud. Lrndrr ma� imoi.�am• rcmeJir+ �;:;'':
<br /> �:l�.�-� permitted bv thi,Scrurit��In.lrumcnt��ith„u!furthrr nnt ic���r d�manci �^ lR,,cr.,«;r- , �: �f`
<br /> ,?',;,:,?,. 18. Borrc��ver's Ri�ht to Rc1ns¢atd. If Hurrn��cr mr�i� c�rar. ::•::::..;�n.. B�xr����rr ,h.dl h:i�r thr right t�, ha.� , :,',•��.`.;'.�.`
<br /> � enforcemcrn of thi. Scrurin 1n.t-ununt d��runtinurd at am timc pri.�- -.�::.. ::ir.;: nt: t:u S da�. tor .uch �ah�r �xn•.,d a, .,�+,.�,r.i';'-;';�::'•.. •
<br /> ' aprlicahlc luw• tnay tiperif� f:+r rcin�t:�trmrnu hcti,r� .al� .N'th� Yr�,per:t �.,.-,...:�r ;,� am pu«�r ��f.:el� ��,ntainrd in thi. " ` '`,"�•: —
<br /> .��1zj`, Securi,y in,trumcnL or tP�cn�n <.f a tu�lgmr�rt rnli�rcmg thi. Scrunt� In.trur.�r.i C.•,� r�mdit��m.ar�thar (d��ri����rr. �.0 a�.
<br /> • •.�( l.ender all sur.i, which then uou:�: hc dse unJrr thi.Srcurit� In•rrunient an�t th� �ut�a+ ii�t,� ar�elrran�,n h.��l urcurr�tii��hi ;y ''�'`���,:'.;�i;'
<br /> ,��,:+'��:':.' cures uny da:�.�::Jr uf am otP.wr;a>�.rr..rr.,,,r agrcement�: 1c� pap• �dl crprn.r� inrurcrd in �•nr,�r_�n� tlii. S�ruril� In.trumrnt. •
<br /> � :;, ,
<br /> ..,,• inrluding. hut n�tt timitec!tn. *ra�:ma":�arturnr��' ti�.: and �d� tah«wch aiti�m a. I,�nd�r i7u� r�•a.��uahh rryuirc tu a,�ur� ,
<br /> rhat the lien cif this Sccurin 0^.,:rument. t.rnder'.ri�:hh in thr F'rupen� :►ud Hurr�,e�r',uhlie:+uun ta pa} th�.um� �erur�J h� .
<br /> c:i� Sccuriry In�trumcnt .ii:.,C continue uttrhangcd. t'pun rcin>�atcmrnt t�� f3�um��cr. tht, Srrurm [m�rument and thr �
<br /> -----. . . . . . .. .. .... •
<br /> ., �.. .�.: .�.. .�..�...i,•.ii
<br /> _..__. onttgattom serurea neren� ,nau remau� iuu. cnccn.c a. ii rn�.���cic�.,ii.,ii��.�.�.ti«�c��.,. ...:.:.,:c. •....•:•• .
<br /> not appl}•in thc ca.c of 3�ccicratic�n uadrr para�raph 17_ �•••.•.�.. .. .• .
<br /> 19. Sale of i�ute; Chanke of Loun tienicer. Thr ti��tc ��r a p;�rual int�rr.t in thr ti��tr tto�:rthrr ��ith thi� Srrurir�
<br /> .. Instrument)ma�• he�old c�nc ur m��rc time+��ith„ut priu�n�,tfrc rt�Eiorru��er. A.alr m:q rcwlt in a chang� in thr entih �I.no��n ;
<br /> as the "Loan Sen•iccr")tha►ce�llert�,ntuntlily pa�mcnt.duc undcr thr tiuti and thi,tirruru� In.tru�ncnt.1'hcr�:d,a ma� h�unc
<br /> or morc chungc�of thr I.��an Scn•icrr unrrlatrd tu x.:�k��t thr\�,tc. If Ihcrc i.a changr uf thr LU;1It Sl`f\li�l'. �i�ffONl't �51II h�
<br /> � gi�•cn w ritten�H�ticc of thc change in arr�,rSanrr��ith para�raph t 4 ahu�c and appl�caMc ta��.Thr nuurc��i l l .tar:�hr n.mir.�nd
<br /> addmtis af thc nca• Loan Scn�irrr and thc aJdrr,. tu��hirh pa�ment� .huul�l hr nirJc. Th�nutirr ��ill .il.o:.,ntain am ��th�r
<br /> , . information rcyuircd hy upplirable la��.
<br /> 20. Ha�.urdons Substances. $urr��acr ,haU nut rau�r ur prrntit thr prc,rnrc. u�c. �i,r��,al. ,t�xaLr. ��r rclra.r �,t am
<br /> H:uard�iu� Sub+tanccti nn ur in thr Pru}krt�. B��rru��rr .hall nut du. rnx allu�� am��nc chc t�� du. amthm� :dt�ti•ting thr
<br /> , Pn�pen�•that is in cic�latiun uf any Enviratinxntal [a��. Thr pr��•rding t���, �cnt�nrr.�hall nut appl� tu thc prc+cnrc. u.r. �,r
<br /> �. ' sti�ragr un thc Pruperty ��f.rnall yuantitir�of Haiard�,u. Suh.tanre. that arc grnrrall� rr«,gni�rd to hc aprn,pn.dr s� rn�rmal �
<br /> re.idrntia! u.e.and t�,maintcnanrr uf thr Pru}xrt�.
<br /> ' ��,,,. � , Form 3028 9 90 �
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