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<br /> ' ' ... ...-ituiirartce covmga Is rwt�v�litble.Aortnwer atqLip�y to[.et�d�motKii��wu.dquii�u - _.
<br /> onc-� ���� insunu►cc pnmium being p�id by Sorrow�ar wlrc�tho imurnnce covera�G laprod•or caAed ta
<br /> be in off �yM�rctain thess paymu►ts�s.u IQSS ceserve ia lteu af moegege inaurance. �s �serve (n
<br /> - p:►yments n y �� ouKei rac�ulral.�the aptian of Le�tdcr.If�rtgago insurance oc�vGrpge(io tha pnwunt And far the ptrlad ,�
<br /> tl�ut O..cndcr rcquiresl pmvtded by un insurcr o�provcd by 6,.cnder again bscomcs uvallablG amd is Qbtairwd. t3urrowcr stiull pay I
<br /> the prcniiums rcquirc�l t�ic►aintain mortguge insurancc in cfFect,or to prov�do r�tass reservc,witit tha requttament for mnrtgagc �
<br /> in.ca�nutoe endg in Accnrdw�co with aisy wrlttrn agrr,ement belwcen Borrowar�nt![.ender ar appllc�6le law.
<br /> 9.In�peciWn. Lcr►der ar it�agcnt rnay makc rr,a.s�unable e»trles upon and i�poctiuns nf the Pzoperty. l.endcr sh�El give
<br /> Borrower�wtja wt tha tlrr�uf or priar to�+nspectinn.�pocifying rcs�sonablc cause for the inspectian.
<br /> !0. Condemnatlos�.'f'he pror.eeds of any award�r cleim for dnmagrs.,direct or oensq�ue�}tixl, in rnnr�eMlon with any
<br /> coadcmnutlon or othcr tahing of uny part nf thP Prnperty,or for canveyance�n lieu of wnde nation,sue hcreby ussignod A�x1
<br /> Fha116o puid to Lcndcr.
<br /> In the event af a tala{taking aF tho Property.the prooeex�a sttelt bc upplied to the surtra sucured by thix Security insin►mrnt.
<br /> whether or nat then due.�vith uny excess patd to 8orcower. In the event of u pa�tl�! tuking of the Pmperty in which the fsir
<br /> market value nf thc Property+mmediately beforc the taking is equal to or gaater tda�t thc unwunt of the sums stcured by this
<br /> Secudty Cnstrument imia�ediately 6efore the tnkiag.unless Barrower ead I.ender athenvisc agoee i�x wriUng,thc hvms secured by
<br /> � this Security Tnstrument shull be �rduood by the amount of the pm�ceeds multiplic�d by the followfng fructIon: (u) t1x total
<br /> amount af the sums secured Immadiately before the taking. dlvided by(b)the feir market value of the Propetty Immedisuly
<br /> before the teking. Any balance shuil be paid to Borrower. In the event oF a partiai Raking of the Propr�ty in whtch the fair
<br /> �tuuket value of the Property immediutely bcfom the tuking is less thsn the urtwunt of the sums securcd immedintely 6efore the
<br /> tnDcing.unless Horrawes und I.ender oiheawise abmee in wrlting or unless upplicable law otherwiss pmvides. the pmoeeds shat!
<br /> be applied to the sums securecl by thls Securlty Instcument whether or not the swns ure then due.
<br /> If the Praperty is ub�udoned by Horrower.or if.ufter notice by L.ender to Borrower that the condew�or nffers to mcdce nn
<br /> nwacd or settle n c1aIm for damstges. Borrower fails to respond to I�ender within 30 days aRer the date the norioe Is givea�.
<br /> Lender js authorizod to collect and npply the prooeeds,at its opttoa,either to restatation or repair of the Property or to the sums
<br /> securat by tids Security Ir�st�ument.whethcr or not then due.
<br /> • Untess Lend�r nnd Bomower othenvise agree in writing. any applicut�on of pm�teds to principal shaii not eatend or
<br /> }, pos3pone tt�e due date of the monthly payments refemed w ia paragraphs 1 und 2 or cbange the amount of such payments.
<br /> 11.Bonower Not Released;Forbearance By Lender Not u Waiver.Extension of the ume for ps�yment or modlfication
<br /> ��� �;�,.:� of amortilation of the sums secured by this Security Instniment granted by Lender to any successor in interest of Borrower shall
<br /> ��+�� noi operate to release the liabtlity of the original Borrower or Borrower's s►aocessors in Intcrest.L.ender shall not be r�quired to
<br /> " '�' '�'� " ' commencc praceedings�ainst any successor�n interest or refuse to extend tfine for payment or otherwise modify amortizauon
<br /> , �.,.�� �,. of the sums secnred by this Secudty Instrument by reason of any demand made by the orisinal Borrower or Borrower's
<br /> • � �u;,'.�;�.t��' sncceswrs in intemst. Any forlsearance by i.ender in exercising any nght or remedy shall not be a waiver of or preslude the
<br /> �'` •'�' •� , axercise of an rI t or�+em�dy.
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<br /> ,� }�= �� 12. Sucaswrs and Asstgns Bound;doint end Several LlebiHty; Co-sl�tters.The oovenants and agreements of this
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<br /> �'t . �,, ��,: Security Insuument shall bind and benefit the succ.essflrs and assi�ms of Lender and Borrower. subject to tt�e provisions of
<br /> :�,�..h: ".'. paragraph 17. Bormwer's covenants and agreements shall be joint nnd several. My Bomower who co-signs th�s S�cudty
<br /> .. - .•,,.x,;.,.;: Instnuneru bui dces noi�xecuto t1�c iVate: (af {s:.o-si�sg this Scx:sr3ty Isr�.ls:sment anly ta mongag�.gl�t �mnvey that
<br /> '.��)y;•��•.•- �-• _r Borrower's[ntemst in the Property under the terms of this Security Inswment:(bj is not personalty obligated to pay the sums
<br /> /,�:Y)Y,";�:. : :.
<br /> ;•„; ,,�,.; . ;,.• secured by this Security Instcument;and(c)agrees that[.ender and any uther Borrower may agree to extend,rttodify. o or
<br /> .�:.;.,�,• �,,�:;;� ,., m�lce any aocommodut tons with regard to the terms of this Securiry Instru�ent or the Note wittiaut thut Borrower s consent.
<br /> �_ �,�';;,;�, 13. I.oxn Charge�.If the lo:u�secured by this Security Instrurrtent is subject to a law which sets maximum lostn charges. --
<br /> • und that law is Fnally interpret�sa that the interest or other lonn chnr��collected or to be�Ilected in connertton with the
<br /> • - loan exca�d the permitted limits,then:(a)any such loan charge shall be reduced by the amount neccssary to reduce the charge
<br /> ��� to the permitte�limit;and(b)any sums ulmady collected fi+om Horrower which exceeded permitted limiu wiU be refunded to
<br /> �'�"���"�� '�� Borrower. I.ender may choose to make this refund by re�ucing the princtpul owe� under the Note or by making a direct
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<br /> ;,, :�;,,;,;��;,�_„ payment to Borrower. If a refund re�iuces principal. the reduction will be treated as a partia! prepayment without any ' ,F
<br /> ., . ,. r.�:;•:;;:,.K R pmpayment charge under the Note. � �'�°'''
<br /> ;.�_;:_:•� t..:,-;�' l4. Notices.Any notice to Borrower provided for in this Security Instrument shall be Siven by deliverin�it or by rnailing •.,5y.
<br /> .-r.. . ' it by first class mail unless applIcable luw requires use of unother method. The notice shall be directed to the Ptoperty Addreas �•
<br /> ����'�•'"''�" '' ' or an oiher address Barrower desi nutes b nottce to Lender. An notice to Lender shail be given by first class mail to ��ca..
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<br /> �•... Lender's addras stated herNln or any ather address I.ender designates by notice to Borcower.Any notice provided ior in this
<br /> ��� ��, ;;Fi',, :'�, Securiry[nstrument shall be deemed to have(+een given to Borrower or Lender when gtven as provided in this paragraph.
<br /> � � .����t'=� 1S.Governt� Law; Severubility. This Security Instniment shatl be �overned by federal law and the Isw of the ,
<br /> �``�� jurisdiction in which the Property�s lacated. In the event that any provision or clanse of this Security Instrument or the Note :�'j
<br /> . � . ° - ' rnnflicts with applicable Iaw.s- uch rnnflict shull not affcxt other provisions of this Security[nstrument or the Note whtch can be � �
<br /> � . given effect wtthout the aonflicting provisian. To this end the provistons of this Security Instruntent und the Note nre declared
<br /> '.:��` to be sevemble.
<br /> '�' � 16.Borrower's Copy.Borrower shall be given one conformed wpy of the Note and of this Security Instrument.
<br /> 17.Tramter of the Prnperty ar a Beneitciul Interest in�orro�ver.If all nr any pan of thc Properry or any interest in it
<br /> ' �r,' L is sotd or ttatisferred(or if a beneficiat interest in Bomower is sa�ld or trunsferned und Bnttower is not a natura!personl withaut
<br /> X"'� " L.ender's prior wrtttem m�sent. Lender may, at its option, require immediate payment in full of all sums secured by this
<br /> - '.,; Securiry Instrument.However,this option shall rtot be exercised by Lender if exerrise�s pmhibited by federal!aw as of the date
<br /> ` � ' of this Security[nstnunent.
<br /> � If Lender exercises this option. Lender shall give Borro�ver notice of uccelerateon.The notice shall provide a period uf nat
<br /> . • less thnn 30 days from the date the notice is delivered or mliled within�vhich Borrower must pay all sums securc� by this
<br /> Securiry Instrument.lf Borrower fails to pay these sums prior to the expirstion uf this period.Lender may invoke any remedies
<br /> " � permitted by this Security Instrument without further notice or demand on Bornower.
<br /> 18. ibtrower's Rigf►t to ReinsWte. If Borrower meets certain rnnditions, Burmwer sh�ll have the ri�ht to have
<br /> � enforcement of this Security Instniment discontinued at uny time prior to the earlier of: (a)5 dsiys (or Such other period us
<br /> = '" ° applicable law may specify for reinstatement)beFore sale of the Property pursuant to any po�ver of sale contained in thi�
<br /> •,•'� Security Instnunent;or tb)entry of a judgment enf�ning this Securiry Insnument. Thosc:rnnditions ue that Bomo�ver:(a)pays
<br /> �' ' Lender all sums which then would be due urtder this Security Instn�ment;uid cl►e Note �if rto ucceiera�ion had u�tiurred:(b1
<br /> cures nny default of any other covenants or:�greements:(c)pays ull expenses incurmd in enfoning chis Securiry Instcumertt.
<br /> • � � includin�,bu:not limited to, rr�sonable anorneys' fee+:and(d)wkes such sction ;�s lxnder m:ry reaaunably requirc tu:►ssurc
<br /> that the lien ot'ti�is Securiry Instrument. Lender's rights in the Pnipeny and Borm��•er'ti nbli .►tinn to pay the sums�ecured by
<br /> � this Socurity Insttument shall cuntinue unclwnged. Upon reinswtement by Borru��•er, t�is Security lnstrument :utd the
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<br /> � - obligationx seeurai hereby shall remain futiy etTert�ve:u�t no arceiera�ion n�d actvrmd.rio.�YVer,ini�rigi�i iv rci�„�ucc.��u��
<br /> " iwt apply in the ra��of acceteration under par.igraph l7.
<br /> 19. 5ale of Note: Chnnge of I.o�n Servfcer. The Note ur u partial inter��t in the Nnte tto�ether with this Security ,
<br /> , ; Instrument)may be sold nne or more times withaut prinr noti�r h�8am��ver. A wlc may rc�ult in a change in the rntiry Ikno�vn �
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<br /> as the'Luan Servioer")that rol[ects monthly papments due umier the Note urtd this Sctiurity En�trument.There also may be��ttc i
<br /> � or more changes of the Wan Servi��er unretated a�a�ale of the Note. If them i�s�chan e of the Luan S�rvi�tir, Burn���•er�vill be
<br /> �e
<br /> . �iven writtea�notice uf the change in a��rnrdan��e with para�ruph l4 abovr and appliwh e law. The nuti�ti��ill titate the name and
<br /> uddcess nf the new l.oan Servfcer and the adJres.+to a•hirh paymentc tih��uld t+e made. 'fhe noti�ti will al,ui runtain any ather (
<br /> ° infurmatiun nwui►tid by uppii�sble la�v. •
<br /> � . 20. Hamrdous Substua�ees. Bonu��er ,h�ll nat wuu or permu the prr�cit�r, u.t.Ji+{x�.sl, .a�ra�C. ��r nlcax��f any
<br /> ° •� - Hazardua�s Substan��es on or in thc Pmgcrty. Bornnv�r .hall nut du, aur ull���v anyunc rlsr tn do, :mvthin� 3ff�rting thc C
<br /> ° :� " " Pmpetty that is in violation uC any Envimn�ntcntat law.Thc prr.ti�ling t��a �cntcncc.�hall nut apph• ta thr pnwem-�,u.c,ar i'
<br /> titnruge�n the Pn�perty of sm:ill yu:nttiti�y�►f H:uaniouti Sub�tarn�that arc gencrally ntiti��nil�d to lu upprupriale tu nomial
<br /> � , residenti�l uu�artd tu nwintcn:us�r�if the Property.
<br /> " �,1,e��a Form 3028 �J�30
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