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<br /> subtitantiall?�tqiai��alcnt ii�ongagc insurancc covcral;c is niit avuilu�lc, ec�rrowcr shull pay to l.endcr cach munth a swn cyual to
<br /> uno-twclfQx u(thc ycar)y mort�,agc insurancc prcmium hcing paiJ Uy Burr.,�vc��whcn thc intiurance cavcr.i�;c lapycd or ccascd tu � ,
<br /> � 6c in effc�l. l.c►tdcr will nccept,usc and reti►in thcsc paymcnts us a loss rescrvc in licu uf murt�;agc insurancc. Lu�� rescrvc �
<br />� " payn�cnts may�no lonser bc rcquirc,�1.at thc option of l.cnder, i(mortgage insurancc r.ovcra�c(in tbe amount und fbr the per�o� `� ` _
<br /> thut L.cnder rcquires) provided by an insurcr approvcd by Lcndcr again bccomcs avniluUlc and is obtuineci. Rorrowce shall u /
<br />' .a the prcmiums required to maintuin mortguge insurnnce in effec4 or to provide a Ic�ss rescrve. until thc rcquirement for mangage �
<br /> � insurancc ends in nccordimcc with.�ny wriucn ngrccmcnt bctwccn Borrowcr anJ L.cndcr ar applicublc law.
<br /> 9.IfiS�(:iIOD. Lcndcr ur its agent may makc rcasonablc entries upc�n.+nd in,pcctions uf die Aroperty, Lender shall give � `;,�,-:.
<br /> • Bnrrowcr na�icc at thc timc af or priar to an inspectian spccifying rcasanablc causc fm•thc inspcction.
<br />- 10. Condem�zatlun. The procecds of any uward or claim for damages, direct or consequential, in connection witli any .. _
<br /> condemnation c��nther takin� of uny part of the Propeny,ar for conv�yunce in lieu of condemnation,are hereby assigned and �
<br /> �
<br />- ' chull be paid ro Lender. ' �
<br /> � ° In the event of a rotal taking of the Property,the proceeiis shall be applied to the sums secured by this Securiry Instrument.
<br /> - whcther or not then due, with any cxcess paid ta Borrower. (n the event of a panial taking of the Property in which the fair _
<br /> murket value of the Propeny immediately beforc the taking is equal to or grcater than the amount of the sums securcd by this , _
<br /> • ° Security Insimment immediutely before the takin�, unless Bonower and Irender otherwise agree in writing,the sums secured by �
<br />� this Security[nstrument shull be reduced by the umount of the proceeds multiplieci by the follawing fraction: (a) the total ,
<br /> ;unount of the sums secured immediately before the taking, divided by (b)the fair market value c,f the Property immediately
<br /> Nefore thc tnking. Any balance shall be paid to Borrower. In thc cvcnt of a partinl taking of the Property in which the fair 1
<br /> market valae of the Property immedistcly beforc thc tuking is less than thc amount of the sums secured immediately befare the „ __ _
<br /> taking, ur.less�orrower and Lcndcr othenvise agree in writing or unlcss applic:ible law nthenvise providcs, the proceeds shall ,�: :
<br /> 6e applied to the sums securcd by this Security Instcument whethcr or uot the Sums are then duc. ___
<br /> �� , If the Property is ubanJuned Uy Borrower,or if,aftr,r notice by Lender to Bormwer that the condemnor offers to make an _;_ _.
<br /> . award or se�tle a claim for damages. Borrower fai ls to respon d to C.e n der w i t h i n 30 da ys tifter the date the notice is given, �:�-1�:T
<br /> L.ender is umhorized to coUect and apply the proceed5,at its option,either to restorAtion or repair of the Property or td the sums _ _-�-
<br /> sccured by this Securiry Instrument,whcthcr or not then duc. ,`'"'`"' = —
<br /> , , . Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or ,� -. �- -
<br /> postpone thc due date of the monthly payments refcrrcd to in paragraphs I and 2 or change the umount of such payments. :::t _
<br /> 1 1.U o r r o w e r N o t R e l e a s e d; E o r b e a ra n c e B y I.e n d e r N o t u Wafver. Extcnsion of the time for payment or modificution _.��;�.._
<br /> of amonization of the sums secured by this Securi[y Instrument granted by l.ender to any successar in interest o f Borrower s ha l l _
<br /> nat operate io release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to �:'y--.�
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortizatian ;.:
<br /> uf the sums secured by this Secur�ry Instrument by reason of any demand made by the original Borrower or Borcower's "�,�. �
<br /> � successors in i nterest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the �;,,•
<br /> ` exercise ofany right or remedy. ,_ � r ti .,.r,��ionPrc. The covenants and agrexments of this ���`��
<br />_ - -------= �t�'��"
<br /> -� 12. JIICCfSSOTS Alttj f1551j;R1 Dvuuu� 3ut��t aHi3 .aC::TF.� ..�3.��lfi,�� _.. .--o--- ---
<br /> Security Instrument shall bind and benefit thc sucr.cssors and assigns of Lender and Borrower, subject to the provisians of ���-=o_
<br /> paragraph 17. Borrowcr's covcnani> and agreements shall be joint and severul. Any Borrower who co-signs this Secuitity ��_ `
<br /> ' Instn�ment but does not execute �lie Note: (a) is co-signing this Security[nstrument only to mortgage, grant and convey that �
<br /> �� �� Borrawer's interest in[hc Pro�crty under the tcrms of this Security Instrument; (b)is not personally obliguted to pay the sums
<br /> " • secured by ihis Securiry Instrument:and(c)agrees that Lender and any other Borrower may agree to extend,modify,forbear or ���
<br /> make any accommodationa with regard to the terms of this Securiry Instrument or the Note without that Borrower's consent. ��
<br /> 13. Loan Charqes.If the loan secureci by this Security Instrument is subject to a I.w which sets maximum loan churges, -_:
<br /> �c'R
<br /> and that law is finally interpreteci so that the interest or other loan charges collected or to be collected in connection with the �,�_
<br /> .. loan exceed the permiueJ I�m�ts, then: (a)any suc h loan charge shall be reduced b y the amount necessary to re.�fuce the charge �_--�
<br /> ro the permitted limit unJ(b)any sums already cullected from Borrower which excceded permitted limits will be refunded to ��'�.
<br /> Borrower. Lender ►nay•choose to m:ilce this refund by reducing the principal owed under the Note or by making u direct
<br /> payment ta Burrower. If a refund reduces principal, the reduction will be tre:ited as a partial prepayment without any �'�'
<br /> , prepayment ctaarge under the Note. � �
<br /> :,�:'
<br /> . 14. Nntices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing ., . �.'�,�w
<br /> it by first class mail unless applicable law requires use of another method.The notice shall be directeci tu the Property A ress . _
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<br /> � or any other uddress Borrowcr desi�nates by notire to L.ender. Any notice to Lender shall be given by first class mail to �, '.--� _�
<br /> Lender's address stateci herein or any other address L.ender designates by notice to Bonower. Any notice provided for in this
<br /> 5ecurity 3nsirument shall bc deemed to have been given to Borrower or Lender when givcn as provided in this paragraph. ��-_
<br /> •� ...', � ��y..o��
<br /> 15. Governing Law; Severnbi0ity. This Security Instrument shall bc governeci by federal law and thc la�v of tlie �.���
<br /> , ` jurisdiction in which the Property is locuteci. Li the event that any provision or clause af this Security Instrument or the Note ���
<br /> , , given�effect wi hout the conflictt S provitiiona'To thitif end�hc pPovi iuns of thh��Secur't ylnstrument�ndt he Not are declared �'=_:�
<br /> a��,v�-
<br /> . ' • to be severable. �:-'k'�^ —'=
<br /> j � ; � 16. Borrower's Copy.Borrowcr shull be given one conformed copy of the Note and of this Security Instrument. �e�,�=.-,:
<br />- • 17. Trnnsfer of the Property or n Beneficial Interest in Dorrower.If all or any pan of thc Property or any interest in it ,:�„tti._`�..'`"
<br /> _ . ;. is sold or iransferred(or if a bencficial interest in Bormwer is sold or transfcrred�nd Borrower is not a natural person) without �
<br /> � • Lender's prior writtcn wnsent, Lcndcr may, at its e�pticm, rcyuire irnmcdiute payntent in full of all sums secured by this t -=r �s,Y.,:
<br /> ' Securiry Instrument.Howevcr. thic option shull not bc exerciscd by Lendcr if exercisc is prohibited by fcdcral law as of the date ��.� Y
<br /> � of this Sc:curity Instrumcnt. '"`'• =
<br /> [f L.ender exercises this option, Lender shall give$o�TOwer notice of acceleration.The notice shall provide a period af not
<br /> � Icss than 30 days from the date the notice is dclivered ur muiled within which Borrower must pay all sums secured by this .
<br /> , S�:curity lnstrument.If Borrower fails to pay thcse sums prior to the cxpiration of this period, Lendcr may invoke any remedies
<br /> ' �� permiticd by this Securiry Instrument without further notice or demand on 8orrowcr.
<br /> � 18. Borrower's Right to Reinstute. If Barrower meets ccrtain condition�, Borrower shull have thc right to hsve
<br /> ' enforcement of this Security InstruR�ent discontinued at any time prior to the earlier of: (a) 5 day� (��r such uther period as _
<br /> - � applicable law may specify Fur reinstatementl bef'ore sale uf the Property pursu:�nt tci any puwer of sale contained in this
<br />: Security lnstrumenk or(bl entry ut a judgment enforcing this Sccurity Instrument.Those conditions are that Borro�ver: (a)pays
<br /> " Lender all sums which then would be Jue unJer this Security Instrument and the Nute as if no a�celeration had occurred: (b) _
<br /> � -- � - , _-- ---_ cures anv default of any other rovenants or agreements; (c) payti ull expenses incurreci in cnforring this Security [nstrument, „ :�:
<br /> �....,t....., .cnnuhlv mmurP tt)9ti.CIlfC
<br /> ..------------_. -
<br /> ' _ ...-�-- �-�-- � IttC�LLl�lll�',but not �Illll[C(1 IO. rcasonublc auorncys� tecs: 8T1� l�)t:xrir� w�u aiiivi�:�: .-..•..+.. .�»j `='=----..---+ - � .. -_.-. --- -
<br /> : i• � that thc licn u(this 5cruriry Inswmcnt. L.cndcr's rights in thc Pmpert��anJ Rormwcr's ubligation tu pay thc sums�ccurcd hy I =
<br /> •• 'r this Sec:urity Instrument shall continuc unchanged. Upem reinstatentent by Borrowcr, thts Sa:urity Instrument and the I
<br /> � . obli�ations sccurcd hcreby shall mmaio fully cffci:tivc us if no arccicration had ocrurrcd. Hi�wcvcr, this right ta rcinstatc shall
<br /> ,, not apply in thc casc of acccicr�tion undcr paragraph 17.
<br /> t�� l9.5.��e of Note; Chan�e of Loan Servicer. The Note ur a partial intcr�st in the Note (togcthcr �vith �hi, Sccurity I
<br /> � Instrumcnq rnay bc sold anc or mnrc timcs without prior noticc to B��rro�vcr. A salc may result in a changc in thc cntity(krn��vn I
<br /> � as thc"��an Servicer")th:u collects monthly payments due under the Nule and this Sccuriry Instrument.Thcrc ulsii may he one f"'
<br /> " ;` . . or morc changc�c�f thc I.oan Scrvircr unrelated tu a s.dc of thc hut�:.It'thcrc is a thangr of thc Loan Scr��icrr, Burro�vcr��•ill bc ,
<br /> ' . };ivcu wrilten noticr c�f thc rhan�c in arcordancc with paragraph 14 ab���•c and applir.iblc la�v."Thr rn,ticc will titatc thc n:{mc anJ
<br /> � ' address uf thc ncw Loau Scrviccr and thr adJress t�� which paymcnts +hould hc nr,idc. "1'hc n�uicc will :dw rumain :my uthrr
<br /> ' inti�rmation rcyuircJ hy aprlicablc law. �
<br /> Z0.li�'tnl'd�►ux Substulice5. Borrower �Itull nul r.wtie ur permit dtr preunrr. u��. �li+prnal. �tivage, or rclea�r uC any' i
<br /> , . H.�arciou� Subtitanccs un or in dic f'ruperty. B�irru��•rr �hall nut d��, nor alluw any�mr ri+r �u �u. .uiythin�. cilf�rting tlic �
<br /> j Pruperty ih,►t ic in violation c�F any E�n�irunmcntal La�ti�. Thc prccrdin�t��•�� ,rutcnrc� �h,dl not appl}• to thc prr�enrr. u�r. ur ;
<br /> tituragc on t!u I'ruperty oi',m�dl yuantitic+ u(Hatarduu� Sub�tanr�ti tha� ar� Erw•rilly reruEnii��l tu h�appropri:ur t�,nunual
<br /> � rrtiidcntial u�cs and t�� m,�intcn:inrc uf thc Prupert�•. ,
<br /> � ' �„.�,.� .1 Form 3028 9190
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