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<br /> ' ' � � ' sub�tanclally cquivntent mart&agc insurancc cavcrage is nRt uvailabtc.Borrmscr shull pay co Lertdcr e�ch'mamh u sttm cgual�to - _ _
<br /> :_�E4 � " . . � � . onc-fvsetRh ef the ycariy�nor�gag�.insur�acc�scm�ium bctrs�paid by 6urrower�vhtn the insuranic cavec�me ttipsed ns ceas�d to _�_-----_
<br /> . � . �in cf�cct. Lcndcr�rill gscept.us.nnd retaln thes�p�ym�nts u� n loss tescrve in lieu �f t�ost�age ir�vtuaue. L�uss �eserve -_- --
<br /> Y`� p�ym:�tts m,�ty ro Iors�et hc rcyuireci.ni t�c apuat�of l.�adcr.if tnn�e iasur.u�ce rover�ge(in dte anwunt and�or t2:e qeriod - - -
<br />-:'�� , �� timt l.ender reywres2 proy3drd by su insumr npprdved by Lendcr again btcomes avafl�t+le su�d is obtained.Barr��ver shall pay ---
<br /> • . , ' t he prem lums requi r e d to��aint a tn nm i tgage insura�tce i n e f f e c d.o r t o p ro v i d e a t a s s r e s e r v e.u n t ll t h e t e q u i r e m e t t t f o r m n r t g a g e _______
<br /> ` • . ` . iasw�tce e4�ds in�ccordattce with any wriUCn ugrcement bet�veen Bnrrawer t3ttd Lender or appli�ble la�v. -
<br /> .�' ��'� :. • .�: • 9.Qospe�foa. l.ende[or its agent m3y make masonable entries upon and insgections of thx�'opectY• LeRder shall giv� �`"'-�._-
<br /> .�.•, , tl � Borros�er nodce at the ti�e of or pFiar to an inspection speeifying zrasona[s!e cavse far the ins��ction
<br /> ` 10.Candemnatiott. The�proce2ds of any award or claun far damages:direct or coaseq�aential,in conneciion with any - --- -
<br /> ; F,`� condemaauon or other r�k+n�of any pan of the Property.or for rnaveyance ro lieu of wndemnaiion,are her�by as5igned and _ __ _
<br /> . ` shall be paid w Lender. , - -
<br /> � �` t�" . In the event of a total tatQng of the PropeRy.the pmreeds shall be applied to the sums secared by this Serurity Ynsw�nens, ��. _ __
<br /> � - gfiether or nat then d�e. with ang eacess paid tg Borrorrer.!a the event ef a pa�tial taidng of the Properey in which ehe fa�r = _—
<br /> : . � • mazkei valae of tbe Property immediately 6efare the taking is equat to or greater than the amaunt of the sums setured 6y ttus ��; -----
<br /> , :` .` Seca�rity Instrument immediately before the tatsing.untess Borrawer aad I.ender othernrise agree in writing.the suros serured 6y ---°- ----
<br /> ; °.� " �,�-,:_—_._-
<br /> . . tlus Security Insuumeni sl�all be reduced by the amount of the pmcEeds multiglied by the follo��ing fr�ction: (a)the tatal �-___
<br /> -;>:;;°ti�,, '� ,--_--� amount of the su.ms sec�ed immediately before the tatdng, divid�by(b)the fair market value of the Pro�erty iaunediately ---
<br /> ``�;,�`,:. : , �efore the tatnn� Any @4lance shall he paid w Barmwer. tn ttre e�rent of a partial taking of the Progerty in whIch the fair-
<br />:._.*�T����y�.Y�-,i: -,' Q.� .
<br /> �,a�vatee af the Progerty iaunedia�ely before the talring is tess than the amount of the sums secured ia�ned�ately bef�e the
<br /> � ,�: . , .;,;.. takir.�,aa�s��mmver and Lender otherwise agree in avriung or untess applica6le law ot�e�eise pmvides.the proceeds sliall
<br /> a:, �,• > , .` .. be appiiz3 e��sams serured by tius&�curiry Inshument wh�her or nat the sums are then dne.
<br />:'�,._�;,":. � • If the�erty is abaasfoned by Sorrawer,or if.after aotice bq Leader to Borrower that the condemnor offets W make aa
<br />� � ����- � ' � a�vard or seale a claim for damages, Eorrower faiLs to r�pond ta Lender arit�in 30 days aRer the date t��uotice is givea,
<br /> _,;�?'"�`.�`.`..:``��:-�," an
<br /> ;� :....: ,-,,,<.;;•..< Lendec is a��to coIIe�and apply the proceeds,at its opiion,either to restordtion ar repair of the Pmpen}r or N th�sums
<br /> ���x .: �. , secnred by ir:��:ur�ty Ir�strainent,a�er or aot then due. - •
<br /> ' ` L�•.�.� � Unless Lender a��arrower oth..�nvi�agree in writing, a::Y �PPlicatian of pro��io principal sl�tll not extend or:
<br /> k�°�' postpoaa the due date o€�e monthty pay�is referrad w in p 1 an¢2 or ci�a�s�t�e�unt of such payments.
<br /> :����,`�� , '�1 R ; lY.Borrower Nat i�e3sed;Farbearance By L�sder Nol�a��tuver.Extet�ian of the time for payment or mod�fccation _
<br /> ��� � :,'E t�• ♦ . ;`,�f amortization of the su�:earred by this Security Ir��t��y I.zo�t�any successor in inier�bf Barrower shall ---
<br />��:'.�';F";�;-;;-.,r-':. . :.. . `.ivai_opcaate to_r.elc�se.tPle i:i:.�iry..of.the original Bo,r�ervr Bmrc�c's sacce���in interest.I.ender sha4d:�t be r�qnired to
<br /> f�� < ;�.5,'. cammnence�mceedings against any surcessor iii iatensi oi reftise fa�c�end iiirie'�ir paq�neni or o�envise Bia�ify�ambrtizatio�p
<br /> ' _ �<�)�if�
<br /> ,,f,,:,�. of the sums�::��y this Seainty t*+ �R*Pnt by reason of a�sr.c'enaand mzde by the original Borrotves or BcAizi�ti�s's
<br /> ' , a�rF succe.ssors i��. �y forbearance by Lender in�exercisiug:�,°r%,ht or rem$dy shall aot be a waiver of or prectCr3..�6rrte
<br /> � . ��- eacercise of�;''r$-�..-a'�r re�dy. . �
<br /> � ,�� E< <`<,�_ . IZ. Seta�r��:�ig�s Bommd;Joint safis�eral��lfty; Co�s.The caveanntg and.agresmeuts of this. '`
<br /> ` s ": ,`����;,"?.;,,,•, Security lnst�u:.�nz s�it.i�.r�and beneFt the sucCes�crs and assi.�of Lender and Borrower:subje�t to the provisions of -- --
<br /> • ' • . ;,�,�(,�,G�•�,��> paragrdp�h IT.:.L'zrara�et's.".lcenants arni ngreemems shall be jci��:sr� several. Any Borrawer who co-sigas this Security _ -
<br /> ' �. ,.� :}:�t�%,;. It�stroment 6�z does uut��te the 1Vrh�:(a) is co-signing this� Instn�sm omly w martgage,gr�rtt and convey that --
<br /> , � Bomower s interest in���l�..perty under the temis of this Security�c�struinent;(b}is not personally obligated to pay the sums
<br /> � • � secured by ihis Security I�innent:and(c)agrecs that I.ender and any other Borrawer may agree to extead.modify,forbear or �
<br /> � . make any ascommadations with regard W the terms of this Seauity Insuument or the Note without that Borrower's wnsent.
<br /> ' . 13.Loan Chasges.If the loan secured by this Securiry Instrument is subject to a law which sets ma=.��m loan charges. _
<br /> � �� and that!aw is�aally interpreted so that the interest or other loan charges callected or to be wflected in conriection with the �-'=
<br />". .' ' : loan excePd the permitted limits,then: (a)any such loan charge sha116e reduced by the amount necessary to reduce the charge _____
<br /> _ � � to the permitt�limit;artd(b)any sums ulready collected from Borro�ver which exce�ded perrnitted lim'sts will be refunded to � _--_
<br /> Borrower. Lender may c4�oose to make this refurzd by reducing the princ9pal awed us�der the Note ar by making a direct �_
<br /> , � ' payment to Borrower. If a refurtd reduces princip�t, the redaction will be treated as a partial prepayment �v�thout any .-�,..�
<br /> . , ' .' prepayment charge urtder the Nate. �,;
<br /> . 14.Notices.Any natice to Borrower pravided for in this Security Instrument shall be Eiven by dclivering it or 6y mniling .�
<br /> "� ��. .• it by first class mail unless applicable law requires use of anarher method. The nntice shal!be d'uecteA ta the Property Address �_..�.
<br />-_ , ,. . or suuy other address Borrower designates by nouce ta Lender. Any notice to Lcnder shall be given by first ci:'ss mail tp _ __
<br /> F
<br /> . . • Lender's address stated herein or any other address l.ender designates by notice to Bono�ver. Any notice providetl for in this � y•=�
<br />- . ' � , Seturiry Instrument shall be deemed to have been given to Borrower or l.ender when given as pmvided in this purugaph. __f�
<br /> . . � 15.Goveeoing Law; Sevembility. This Security [nsuument shall be govemed by federa! law and the law of the ---
<br /> .�� �. � • jurisdiction in which the Property is IocateA. [n the event that�any provision or clause of this Security instrument or the Note �,r�:�
<br /> . contlicts with appl�cab2e law.sueh oonflict shall not affert other pmv�sions af this Security instruinent or the Note which can 6e :�:��i�■'
<br /> .. ' • . �iven effert without the conflic�ing provision. Ta this end the provisions of this Security instrument and the Note are decfared - � '�'�--
<br /> . . ' tm be severable. - �.-�T�
<br />= ; 16.Borrawer's Copy.Borrower shall be given one conformed copy of the Note and of this Securiry Instrument. :��,:-�-�+=��_
<br />- � : l7.Transfer of the property or a Beneilclal Intere.st in Borrower.If afl or any part of the Property or any interest in it • �;- � . :�_
<br /> '�` • is sold ar trdnsfeaed(or if a beneficial interest in Borrower is sold or transfermd and Borrower is not a natural peison)withont �
<br /> __ ' � � L e n d e r s p ri o r w r i tt e n c o n s e n t. L e n d e r m a y, a t i t s o p t i o n, r e q u i r e i m m e d i a t e p a y m e n t i n f u l! o f a l l s u m s s e c u r e d b y thi s ' `• ��i���`.��"' �_;�
<br /> - ' � , • Security Instrument.However,this option shall not be exercised by Lender if exerc�se�s prohibited by federal taw as of the date • ,
<br />' ; � ' of this 5ecurity Inswment. r
<br />- ' � • ' if Lender eaercises this option.i.ender shall give Borrower notice of aoceleration.The notice shall provide a periad of not . ., , �
<br /> _ ' � , tesc than 30 days from the date the notice is deliverrxi or mailed within which�Boaower must pay all sums secured by this • • , !�
<br /> �' " • Se�v�rity Instrument. If Borrower fails to pay these sums Qrior to the expiration cf this period.Lender may invoke any remedies • - `
<br /> •. �.� . � permined by this Security lnstrument without further nntice or demand on Borrower. . . . . �'
<br /> �� : . � 18. Borro�cer's Rip,ht to Reinstate. If Borio�ver meets certain condiuons. Borrower shall have the right to have ' : .
<br /> � eaforcement of this Security Instrument discontinu�at any time prior to the earlier of: (a)5 days(or s¢ch other period as _, . .
<br /> ' � . applicable la�v may specify fas reinstatement)6efom sale of the Property puisuant ta any potver of sale contained in this � �'�;'
<br /> e� . Securiry instrument;or�(b)entry af a jud�ment enforcing this Security lnstmment.Those wnditions are that Bonower:(a)pays •
<br /> - Lender�!! sums�vhich then woutd be due under this Secority Instrument and the Note as if no aceeleration had occurred:(b)
<br />- L .� cures any defautt of any other mvenants or aareements: (c)pays all exQenses incurrcd in enforcing this Securiry Instrvment. • � ;_
<br /> � inciuding,but not limited to,reasonable attomcrys fees;and(d>takes such a��tion as Lender may reason:ibly require to assure . '�
<br /> __ ' that the lien of this 5ecurity Instrument,Lcnd�er's ri��hts in the Property and Borro�vcr's obli�atian tu pay the sums sccured by � �'` .
<br /> this 5ecurity instrument sha11 continue �unchanged_ Upon reinstatement by Borrower, th�s 'Secunty instrument artd the � ' `
<br />,;.' � obligations secured hereby shalt remain fully effective sas if no acceleration had occurrcd. However,Ihis right to reinstate shall • •
<br />_ � � �: not appfy in the case of acceteration under paragraph 17. . • .
<br /> � ' 19. Sate oY Note; Change o!I'i.vaa Servicer. The Note or 3 partial intercst in the Nate (tugether with this 5ecurity , •
<br /> •� � � Instrument)may be sold one or more times without prior notice to Borrower.A sale may msu(t in a change in the entity(Rnotivn ,�� .' � �
<br />_. � :� � � ns the"l.ogn Servicer")that collects monthly payments dae under the Note and this Se�vriry Instrument.'i'here also may be ane .�'
<br /> _ _ ar more changes of the l.uan 5ervicxr unrelated to a sale of the Note.If there is a change of the Lvan Servicer.Borro�rer wi116e
<br />_ � • �,. ' given written noiioe of the change in acwrdance with paragraph 14 ubove and applicable law,The rtotiec will state the name and ��
<br /> -~' . address of the new Loan Sen+ices and the address to�vhich payments should be made. The notice�vill also contain any other
<br /> � ' information reqaired by applicable law. � ': .
<br /> • ' 20. �rdous Substunces. Borrower shall not cause or permit the presence. use.disposal. storage, or release of any .
<br /> , Ha�ardous Substances on or in the Property. Borro��er shall not do, nor alla�v anyone e(se to do, anything affecting the C ' : .
<br /> �, �- �. . � .� Froprectp that is in violarinn af anv,Emrironmenial l�w. The preceding two sentences shaU not apply�tu the presence. usc.or � --__-_-._ _. _ :
<br /> , ' ' � storage on the Propeny of smal!quantities of Hazardous Substattces that are generally reco�nizcd to be appropriate to normal . • �
<br /> ' � residenteal uses and to mamtenance of the Praperry. �
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<br />- + ' vn;e 3 oe� Fotm 302� 9f90 � �
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