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<br /> :=r.:�`:'=�';u-.,,�.��-.-=� . ' s�il�stantially equiva!ent ma�7�age G�surancc covernge is not nvnilablc, Borro�vcr ehull pay to Lcnder cnch month a su.m cqual to�j �-
<br /> ___ , . on�t��relfeli of tl�e yeae•ly i��:;rt��;;e i�.::ui��f�uc:preniiun�b�in�;paicS by dorrower�vhen the insurii�z::�-::_-;�lapsxd ar cc:�scd�to p1� ��-r
<br /> ifc in elfcwt.Lencl::���ill r�ccei;i, use und reuiin thcse paymcnts as a loss re�r�r in lieu os mortg�cgc insurancc. i.oss rc:esvc`�f .
<br /> " • ' � p:iyurnts mr�y no icm;;er be rcqidred..�t ehc uptiun of I..cricicr, iE innrtga�e insurance cnvr,ra�e(in Qie nrnmant 3n:1(o�'!h�(t:rlo�n .
<br /> • tl��it Lcutice rLquld•:.��)pi•ovidcJ by,w iusurer npp�•ovcd by i.c:��dc�•ai;ain bcc:onics av�iilablc:und is o�tnisicd. IIus-�o��ic�•sii�lt�a�;,j
<br /> " �hc pr�mium: rcc�uired to mc:ii�tain nwrt�abc insu�•Ancr,in cffcct,ar tc►providc u los�rescrvc,untfl t6ic rcquir�m�nt fnr mokt��;�(�,)
<br /> _,_,,��`. .� " insur�ncc cnds in necord�utce�vitit nny t'/PIfICl:1.�fCCiYICIII�Ch9CAR I�OtT01YCY�lld L�11c�CP AP nnnlir��il?��:y. � _-
<br /> "��'-===-'= - � - .� �:.��4�«se. Lendcr or its z��ent may make rc�sanablc entrics upun aiid inspcetions of die Property. Lender Ri�aN giv�
<br /> • Eiurrotver notice nt the time of or prior tn an inspec�ion speciPying rc:asonaUle cause for the inspectian. .,•
<br /> -"t"=�''�"-" '"'�`:��'' 1Q. GonJemitiatlon. Tlie pmceccla of nny c1w,lyd or cluim far diunnges, dircet nr eonsey►ier►lial, in�a.�nection wiQh any�
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<br /> , . wiidemnation ar athcr talcin of nn "'�`
<br /> ,,,.. ' g y pnre of the �'eoperty,�r for conveyuncc in lieu of condemnstion, ru�e licre�y assigned and �.�
<br />--• �_�;sru._�: - � .�hall Uc paid to L�cndcr.
<br /> _�=-,���� In Uie event of a tutnl takin�of the Property,thc proce.ds shall be applicd to the sums secured by this Securiry Instn�ment,
<br /> ;;���-��j . whethcr or not thc�s due, with nny excess p�id tu Aorrower. li�the event of a partial taking of the Properey in which die falr --.
<br /> ., markc?value of the Property i��zmedintely beforc thr, taking Is equa!to or grcatcr thnn the amount of tlie s�ms sc�:ured by this
<br /> �a4� � Securit Instrumcnt i►nmediatel before the takin unless 8orrower und Lender othenvise A cee in writin ,thc�ums secured b
<br />;�.�°�:� • Y Y �, � E Y
<br /> '�"'�`�""." '`' ' this Securiry Instrumei�t shall be rcduccd by thc amount of the procceds multiptied Ey thc follo�vin� fraction, (a)thc tatal
<br /> �:°:,°: �."`''��' � amount of the sums secured immcdiately before the tnking, divided by (b)the fair market valuc af the f'raperty itnmcdiatety _ _
<br /> `:`•'��a:.��•.;:'��r:":� before the taking. Any bulance shAll be.p:sId to Borrower. In thc event of a panial taking of thc Property tn which the f�ar _
<br /> _'':S°�'°�'>••�''.�'�`' mlrket vulue of thc Property immediatcly before tlio mking is Iess thun tlie amount of thc sums sccw•ed immcdiately before the =
<br /> --"`�-=°.�+.�'-�"`-"#:-� taking, unless BorroH�er and Lender othenrise agree in writing or uuless applic.�ble law otherwise provides, tfie proceeds shull
<br /> � 'K"�.,-.k., bc applicd to thc sums secured by this Security Instrument�vhether or not the sum5 are tli�n dt►e.
<br />",;��6Y'"��`"��'r,� lf the Pro ert �s abandoned b Borrawer,or if, after natice b I.ender to Borro�ver that the condemnor offees to make an �--
<br /> -•`"'°,_:.��,�,`�;�;�;. awnrd or setde A elaim for dumngc.ys, Borrower _`ails to respond to Lender wit�iii 30 days nf[cr thc datc thc notice is given, --
<br /> y''�T' Lender is�uthorir�ed to collect and apply the proceeds,at its option,either to restoration or repnir of the�'roperty or to the sums
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<br /> _ secureci by ttds Securlty Ins,rumcnt, whethcr or no;tt�en due. _ ____
<br /> _��`y=�- �� .� . Untec,s Lender and Borrower othenvise a�ree in �rriting. any applicution of proeee�fs w prineipal shF►II not extend c�r -_
<br /> _:;i�-:y,:��>:' ��� postpane the due date of the mondily payments referred to in p.�ragraphs 1 and 2 or change the amount of such payments. •
<br /> �"°"�����`� ld.Dorrowe�•Not Iteleased;For6earnnce By Lender Not n Walver.�xtension of the time for payment or modification __
<br /> �� �• of amoni�ation of the sums secured by this Security Instrument granted by Lender to uny suecessor in in.terest of Boreower shall
<br />_.,,.g��%L�Q"F'�;�' not operate to release thc liubility of the original Horrawer or Borrowcr's suc;a:ssors in intes�st. Lendcr shnll not be lequired to
<br /> .,_
<br /> commence pracecdings against any succr,ssor in interest ur refuse to extcnd time for payment or othernise mr�dify amortizadon =
<br /> :°`:�;<. ��, ; of the sums secured by this Security Inst►vment by reasor� of any demand made by the original Borrower or Horrower's
<br /> �� ' successors in interest. Any forbear.�nce by I..ender in exercising uny right or remedy sl�all not be a waiver of or preclude the . _
<br />.;�' •• exercise of nny right or rcmedy. � -
<br /> =-`..,;�:;� ,- �. ; 12. Sua:essors and As^jr,ns Boond;,►oin4 nn�l 5everal Llubf![ty; Co-slgne�. Thc covenants and �grcements of this -
<br /> .. ...... �k,,. Security Instrument shall bind a�:d benefit t{ie successors und assigns af [.ender and Borro�ver, subject to the pravisions of
<br /> '"� paragraph 17. Bonower's covenants nnd ngreements shall be joint nnd several. Any Borrower who co-signs this Sec;ority
<br /> .,.., ,,.�t
<br /> ' Ittstrument hut d�ec not execute the Nntc�t (al ic cn.ci�nin� thic Crct�rjty Tt�c��n�irtZt��ly ��n�nr{ogor� o��� ayv_I rn�yn��{iat ?
<br /> k.,, ..Y Q{1ffCit'^i�y tRi�[°°i SSS it3C:�iC�.C.�ij IIftdE:S�i� fCT::tg Cl t�:� CP„C:l:l:j:.^.,i:i3122rA:: i�j ..,.�2^y:.S'S^viwitj%u`v�ignicu iv pay tne suin� —
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<br /> .*.,t,�„ ' �>� secured by Qiis Security Instrument;and(c)ugrees Qa�tt Lender and any ather Bonnwer may ag:ee ro extend, modify, forbear or -�-
<br /> '•' � r�. ,� makr euiy accommodations with regard ro the terms of this Security Inst�Ument ar the Note�viihout that Honower's consent. ` -
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<br />'.,��,?. ,,., .,:.<•'� 13.I.or1n Churges.If the loan securcd by this Security Instn�ment is tubject to a la�v�tihich sets maximum loan chatges, ���---
<br /> �yw } �,,51 ir �i� and that la�v is finally interpreted so 4hpt the interest or other lonn charges collected or to be collected in:,onnection with the �`��-
<br /> ,� , loan exceed the permitted limits,then: (a)any such loan charge shalt be reduccd by the amount n:cessary to redac�. che charge �:
<br /> �'�:�7�'+�.•�,"•T-�' � to the permitted limit;nnd(b)uny sums already collectecl from Borrower which exceeded permitted Unuts will be refunded to ��
<br /> .J:"�#`,v'��ar�� _ , Borrawer. Lender muy choose to mak° this refund by reducing the principal owed under the Note or by makin�g a direct
<br /> � ment ta Bonower. If a refand reduces nnci al, the reduction will be treated as a arti.a( re a ment without un ���
<br /> -,'�'"'., ..' ' P�Y P� P P P P'Y Y ��__�
<br /> ..--��r=_+�..�••' � prepayment charge under the Note. �v.
<br /> � r•�����°••�°•` - 14.Nottces. Any notice to Borrower providccl for in this Security Instrument shnll be given by dclivering it or by mailing
<br /> � �q it by first class mail unless applicable !nw requires use of another method. The notice shall be directed to the PropeRy Address ''`�'�
<br /> �"'" �� �' '� '� � or an other addre;ss Banower desi nates b notice to l.ender. An notice tu Lender shall be �'=}`
<br />�--�--�:��•: . :�� Y G y y givcn by first clu.ss mail to ,��,
<br /> '"'1�� � l.ender's address stated fierein or any other address Lendcr designates by notice to Borro�ver. Any notice provided for in this �
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<br /> `�++rr�x=• •• Security Instrument shafl be deemed to hnve been given to Borrowcr or Lender when given as provided in this paragraph. '"•
<br /> ,�;-=•- �•°""" 15.Governtng Luw; Severabi�l4y. This Security lnstrument shall bc govcrncd by federal law and the law of dic '
<br /> __ . jurisdiction in tivh;ch the Property is located. In the event that any provision or clause of tbis Securiry Instrument or thz Note °
<br />_��;~" ,,;f; t�` confllcts�vlth applicabl�1aw,such conflict shall not affect othsr provisions of this Security dnstrument or the Note which can be .
<br /> gtven effect without Uie conflicting provision. To this end the provisions of this Security Instrument an�the Note 1re declared
<br />- . . !�' ta be scv�rable. '
<br /> ! 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note nnd of this Security Instrument.
<br /> "'''°'`'~-y�'�= ., 17.'lfsansfer of the Property o�a Bene�cial Interest in Borro�ver. If ali or any part of the Propeny or any inceresc in it
<br /> "'��•;.,;";-,�,� � is sold or zransferred(or if a beneficia]intcrest in Borrower is sold or transferred and Borrowcr is not n natural person)rvithout
<br />_'�•� - - � Lender's prior �vritten consent, f.,ender may. at its option, require immediate payment in full of all sums sccurcd by this
<br />'i'K<. � ' � . Sccurity'Instrument. Hou•ever,this option shalf not be exercised by I.ender if er:ercise is prohibited by fedcral law as of the date
<br /> _ ' . . ., of this 5ecurity lnstrument.
<br /> .. If Ler.dzr exercises this option. Lender shall �ive Borrower notice of acceleration.The noticc shall pravide a period�f not
<br /> ' ° • �y. � Iess than 30 days from the dnte the notice is delivered or mailul within which Borro�ver must pay ali sums secured by this
<br /> : - Security I�strumcnt. If Borrower fails w pay these sums prior to thc cxpiration of this period, Lcnder may invoke any rcmedias
<br /> _ .. . permittcd by this Security Instrument withaut further notice or demand on Borrowcr.
<br /> ' � 18. Iiorro�ver's Sd3ght to Reinstute. Yf Borrower mcets certain condidtons, Borro�ver shall have thc right to have
<br /> " ° enfnreement of this Securiry Instrument discontinued at any time prior ro the earlier of: (a) 5 days (or such other period as
<br /> ' lpplicuble law may spccify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br /> Sccucity Instrument;or(b)entry of a judgmcnt enforcing this Securiry Instrument.Thosc conditions are that Horrawer:(u)puys
<br /> Lender all sums which then would be due under this Securiry Instrument and the Note as if rto acceleration had occurrecl; (b) I
<br /> cures any default of any nti�er wvenants or agreements; (c) pays i;ll expenses incuned in cnforcing this Security[nstrument,
<br /> including, but not limitcd to, rcasonablc attorncys'fecs; and (d)t�lces such action as [,endcr may re��sonably rcquire to assurc
<br /> ' ` that the lien nf tl�is Security Instrument, I.encier's rights in the Property and Borrower's ohlig�tiun to pay the sums secured by
<br /> , , this Secueiry Instrument sh�ll continac wiciiangeci. Up�n reinstatcment by Borro�ver, this Security [nstrument and the
<br /> . . .�41:�:....�� �.�J L��L"_L_If � . t.II.. _CC_. �--
<br /> - .. -� --- wa�6Rt�vi�q nt,bYlW tl�.iGV� Jltqli �CIIIGIII IUIIr GIlG4ttYG II.I tI I(U.i�ti-cicruiivn iwu oc�um;ci. rio�vcvcr, �n�S rignc�a rtinsmre snaii - -
<br /> . not apply in thc casc of acccicrition undcr par.igrnph l7, �
<br /> , „ 19. Sale of Note; Chunge of I.uan 5crvfccr. Thc Note ar u panial interest in the Notc (wgcthcr with this Security
<br /> -�•� L�strument)may be sold one or morc times�vithout prior notice to Borrowcr. A salc may result in a changc in the cntity(known i
<br /> ,° � ^ + as tt�e "Loan Scrvicer")that collects monthly payments due under the Note.ind this Security Instrument. There also may be one I
<br /> , _ �, or moiro ci�angcs of the I.oan Servicer unrclated to A sale of thc Note. If there is a changc of thc[.oan Scrviccr, Bonow�r will bc �
<br />-- � gi��en written noticc of the char.ge in accordancc�vith paragraph 14 above and appficable law.The notice�vill state tlie nxnic und ' �
<br /> . , � ° address of tl�e nc�v [,oan 5crviccr,►nd thc addness ro �vhich peryments should bc madc. Thc ncrti��e will also contxin any othcr I
<br /> - „ � ic�formation rcquircd by applicablr law.
<br />_ , �' Z0. Haznrdous 5ubstanc�. 8orrowcr shall not causr, or permit the presencc, usc, disposal, stor,�gc, cir mlc:isc of;�ny i
<br />=_ � Hazan-ious Substances int or in the Property. E�orrower s h�l l not do, nor allow anyone clse to do, anything affecting the
<br />:_ • i Prnperty tliat is in violatio:� of uny Enviranmental L�w. Thc prcreding two sentcnccs sl�all not apply to thc prescncc,usc, or � �
<br />--. swra�c on thc Ptupcny of small unanti�ics of Haz;�rdous 5ubstanccs that arc bencrally r��cognizcd �o bc appropriatc ta normal
<br />,R.� residcntial uses.�nJ to maintcnancc of thc Property. •
<br /> �'•wa 3 a�� Form 3028 9/90 r
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