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<br /> —'��-,,-�— ' SUbS�lllililllY COIIIV(flCPlt filOfl�'8�'0 1115UCi111CC(tOVCTOf,'�I9 RQt[IViIIIll11EC,fiarrowcs sl�nli pay tt� Lcndcr each month a sum cqual �n ~
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<br />• .. .. _ ... ., :• cmc-twcli'tl�nf'ilic ycarty�no7�tc,;��c i�is��r��cc�x•cmunn hcing paid by E3nrrmve�•�vhcn th;,insurancc covcrag�Inpseci or ccased to ��'
<br /> . . �:��Il C.�f^.:. !n",lii�i�t71���:�Ci.��:�U:�i:.��:�F�:�:"i 1i'".,',j'.:1ytticrtti nti :i t�.r�:� i�-tiGi�a:iii �{�.0 Of m�rt�;agc ItltilliQI1CC. �SS PCtiCE�'C
<br /> .. ��;iynicnLl may u�+lojctcr lo;;���y�.ii���l,;:t tl::�u��:inu of'GCIILICY� if iiiurt�:c�,'c inrut.�ncc covcrn�;c(in thc iimaunt.►nd for tlnc p�riuc!
<br /> ,; ��;.,,; ,,;,�; ` that I,encler requue:aj p��ovidcd by i�n in5u�ce upproved by I.ender a�a�n b:cvmes nvuilable nnd is obt�incci. Dorrowcr tihall pay
<br /> - ��•_.�-_���_��k_ the pre�►riums rc�{uh•cd to maintain mortpa�e intiurnncc In effcct,or ta pmvi�c a Inss rescrvc, until the rcquirement for rnortgag� _
<br /> '--r---«� in�,uraitee e:t��s iti"rrpirf'��trr 4lttlt af�y 4vrlt!cr.•��.cLmcnt L�t�vecn Rnrrotv�r;inct Lencier or upplicuble luw. A
<br /> w,.�,�,�'_;.�� 9. Inspec4Eun. I.cndcr ar its i�gent may makc rris�rnablc cntaics upun nnd inspcctions of thc Prapeny. I..ender shall gicc �`,W,�
<br /> -- 13arrowcr notice wt the dme of ar prior to un in5pectiun spccifying rc,isr.n�+ble cause far die inspcctiou. --
<br /> 10. Condermnsttlon. Thc proceeds of nny u�vnrd or claim fc�r dama�;es, direct or consequentiul, in connec:tion with any
<br /> `���'�""�--�� condemn�tinn nr ntlicr takin��if nny parl�if the Pr�pr.rty, or fnr ennvPyanre in lieu of candemnation, are hereby assigned utd �;;�:�
<br /> -- —� shall bc paid to I.endcr. —.
<br /> 6i thc evcnt of a tota!�aking��f the Pmpeny,thc pracceds shaU b�:applial to thc sums secured Uy this Sccurity Instru�nent, �;�
<br /> _—_�j whether or not thcn duc, with uny excess paid to Borrowcr. In the evc:nt of o pnrtial wking of thc Property in which the fair -__--
<br /> — --- markct value of the Property immediately beforc thc tlking is equal tn or greatcr tl��n the amount of the sums secured by this --
<br /> �_,_,,,,,;,� Security instrument immcdiately beforc the taki��g,unless 6orcower n�xl I,ender othcrwisc agrec in writing, the sums secur�d by - -_
<br />—�:='i?��,� this Security Instrument shall be reduced by the �smount of thc pxocecds multiplied by the following fraction: (a) the rotat ---
<br /> a=�«�t�� amount of the sums sccured immediately bcfore the tekin�, divided by (b) the far market value of the Property imrnediately -- -�-
<br /> _��__� beforc thc t,zking. Any balance shall be paid to Bonower. In thc event of a partial taking of the Property in which the fair
<br /> -__y��� markct v11ue of the Propeny immediately before the t�kin�is Ic�s thu�the amount of trie sums secured immediately before the -
<br />___W-,�,�Qa�.� taking,unless Donower and I..ender othenvise agree in writing or unlens applicable lnw otherwise provides,the proceeds shall =
<br /> =_='�..�;:,�.� be app!ied ta thr sums secured by this Se:uriry Instrumcnt whetlier ar ns�t the sums are thcn due. !x'='-�
<br />`"�;.'A'r�^��! If the Prdperty is abandoncd by Borrower, or if, after notice by Lender tn BaRO�ver that the conde►nnpr uffers to make an =
<br /> -'�� award or settle a claim for damages, Borrower fails ro responc!ta I.cnder within 30 days aSter the clate the nattce is given,
<br /> _=°�+f?� I.ender is attthoriz,ed to collect and appfy the prc:ceeds,�t its opYion, e'sther t��estoration or repair af the Properzy or to t�he surns
<br /> � �'"�``�'�"''� secured by this Security tastcument,ti•rl:cther or noc i;��n duc. - -
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<br /> r,.,�,�.{.,;; Unless Lender and Bono�vcr otherwise ugrec in wvitiug, a��y application of proceeds to principal shaU not extend or =
<br /> .=;;:;;�.:,:�:,� „ j postpane the due date of the monthly pAyments referred to in psera;raprs 1 and 2 or change the amaunt of such payments_ "'--
<br /> "�' �% "`"''��� 11. Borrawer Not Released;�aebearance By Lettder Nc+II n 11�;�iver. Fxtension of the time for payment or modification F'�;�,_.
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<br /> K,;�;�x�,;;';�:;;� ot amortiz,�non of the sums secured by this Security Instrument gmn:.xi by Lender to any suc:.essar in interest of Borrower shall
<br />`=•..�.d �- �.� not operate to retease the IiAbil�ty ot the onsmAl Borrawcr or riorrower's successon in interest. Lender shall not be rectuired to `
<br /> ��'�r�-'`� co�,:;�;�,;��p,�..r,uiings aga;nst any successor m mterest or retuse ta cxtend pme tor payment or othenvise modify amoi-tiration °�'
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<br />;-':�al.'#;,J53'' of the sums secured by this Securiry Instrument by reason of any demand made by the original Borrower or Bona�ver'a
<br />- • successors in interest. Any forbearnnce by Lender in exercising nny right or remedy shull nat be a waiver of or proclude the
<br />°''°'"�""�"" excrcise of any ri�ht or rcmcdy. =--
<br />='-�•L��K`�=x l2. Successors and Assl ns Bound; Joint and Several LI�9�lllty; C�-si�ners. The c�venants anst agrcements af thi� ___
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<br /> r- - ., Secunry lnstrument shall bind and beneftt the successors und ussi�ns of I..end�r und Borrower, subject to the provisions of �"
<br /> ,�,�: . .°."� ' parasraph 17. Borrowcr'r, cuvcnants and .igrcemcnts shall tx; joine und sevcral. Any Borrowcr who co-signs this Sautity =
<br /> • :'` SlLIfttl:::S:S hL't�t:°.� S:O:CXZ'.ii2C 2�tC �::,a.: (Sj ii�CrS{-niu�tiii� �ccurii fn.irumcnc oni [O rt10I'[ a C rint and canvc ihal
<br />�"':` ' ;'��ry ; Borrowcr's intcrest in thc Aroperty undcr thc�crms uf this 5ccurity Instrumcnt: Ib)is noi personally obllgutal tn pay thc sums �
<br /> tieeured by tt►is Security Instrument;und(c)uEree�that Lc:nder und u�ny other f3nrrower mny ugree to extend. mcxiify, forbear or -
<br /> _^ �; _ ,.., � makc uny acconuttodutions with rcgard to thc tcrms of this Sccuriq�Instrutncnt ur thc Natc without that Borrower's consent, --
<br /> 13. L,oun(.harqe.v.If the luan serured by this Security Instninr.ut is subject to u I;iw which sets maximum lonn eh�r�es, �-
<br /> ::`°,.:'.:��q, and that law is finally interpreted so thut the interest or other In:u� charges collected or to be collected in connection with the :�,
<br />-.,•--::.��;�!s�• loan exceed the permitted limits, then: (u)any such loan cliar�e sl:all be�educed by the amaunt necessary ta reduce the churge -- -
<br />��i�.,__ . to the permitted limit; and (b)c�ny sums nlrendy collectul fmm sonv�wer which excecded permctted limits will be refundecl to -
<br />_;�:�ar�-�� Borrower. [,ender may choose to make this refund by reducing tht principal owed under the PVote or by making a direct -�-
<br /> ='��•''"�+F: payment to Borcower. If a refund reduces principal, the reductio�� will be treated as a partial prepayment withou[ any ��--
<br />_- -` '" � prepuymeht chazge under the Notc, o,�;; _
<br /> �°�.`y"'•`� 14. Noticrs. Any notice to Borrower providcd for in this Securiry instrument shall be given by dclivcring it or by rn3iling ;'`�.�
<br /> �• -• it by first class mail unless applicable law requires use of unother m�thod. The notice shall be directed to the Property Address F �-"
<br />__�--`� -.;•~ � or any other address Bonower designates by notice to Lender. Any notice to L.ender shall be ��ven by first class anail to v;;��`•
<br /> _="'rv'�'. , L.ender's address stetui herein�r any other address Lender designates by notice w Borrower. Any notice provided for in this
<br />.�••�_"--_;=;�.t:', � Security Instrument shall be deemed to have bcen given to Bonower or Lender when given as pravided in this paragraph.
<br /> ��:r���'� : 15.Governing Lnw; Severublltty. This Sccurity Instrument shall bc �;ovcrned by federal law and the law of the "
<br /> n ,� r , jurisdiction in which the Prapeny is located. In the event that any �provision or clause af this Security Instrument or the Note
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<br /> �;.,1::.,,.ti confticts with applicnble law,such conflict shull not affect other provisions of this Security Instrument or the Note which can be �
<br /> • .. r�•:�,; ; given effect without the conflicting provision.To this end the proti•esions of this Security Instrument and the Note are declared '
<br /> , • �`�•'' � to be scverable.
<br />�-�„r(-r;.,�' 16.dorrower's Copy. Borro�ver shnll be given one confo�7ned copy of the Note and of this Security Instrnment.
<br />; _ .__�x. ._.� 17.Trnnsfcr of the I'roperty or a 1lenefitial Intere;t in Bnre�o�ver. If all or any pan of thc Property or any intcrest in it
<br /> y`:';;;;:= "�=s ia sold or transfcrred(or if a beneficial interest in Borrowcr is sold or transfcrrcci and Borrower is not a natural person)without
<br /> � :;.•=�-1 Lender's prior written consent. Lendcr may, at its nption, reyuire immediate payment in fuU of all sums secured by this
<br /> -_'�';: " Securiry Instrument.Ho�vever,this option sh�ll not be exercised by Lender if exercise is prohiaiteci by federal law as of the date
<br />,. ��a. ', of�th�s Security instrument.
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<br /> �^� . ' If Lender exercises this option, I,ender sh;ill give Borrower notice nf accclerntion. The notice shall provide a period of not
<br />• �,, ;� •��t�� less than 30 days from the dlte the notice is delivered or mailed within which Borrower must pny all sums securecl by this �
<br /> _ _ _ Security Instrument.If Dorrowcr fails to pay thesc sums prior to the expiration of this period, Lender may involcc any rerncdics
<br /> permitted by this Securiry Instrument without funher notice or demand on Borro�ver. ��
<br /> �_ � ' 18. Borrower's Rlght to Rcinstnte. If Borrower mcets certain conditions, 0orrowcr shall havc the right to liave 4
<br /> , enforcement of this Security Instrument discontinucd �t any time prior to the earlier of: (a) 5 dnys (or such other period as I
<br /> .,. ;,,..:.: applicable I��v may spccify for reinstatement) bcfore snlc c�f the Property punucmt tv any power of snlr contained in this
<br /> - _{.�•. .'�. Sec�eriry[nstrument;or(b)entry of a judgment enfnrcing this Security Instrumcnt. 7'hose conditions arc that Donowcr:(a)pays I
<br /> . i,ender nll sums which then would be due under this Security Inst►ument and the Note as if no acccleration had occurred: (b) ; ,
<br /> ,, - cures any default of any�ther covenants or agrecments; (c) pays aU expenses incurred in enforcing this 5ecurity Instrument, I
<br /> . 6nclttding, but not limitcd to, rcasonablc nttorncys' fces; ;md(d) takcs such action as Lcndcr may rcasonably rcyuirc ro assurc
<br /> ' � - tl�at the lien of this Security Instrument. I.ender's rights in the Prnpe►�ty and Borrower's obligation ta pay thc sums secured by �
<br /> .;;�,.s._ this Stcuriry [nstruntcnt shall continuc unchnngcd. Upon rcinstatcmcnt bv Borcowcr. this Securi:v Inctn�mrnt and thr
<br /> - ---_- u'viigacions seciered nereoy siiaii rema�n tutly effective as if no acceter;aion had necurred. However, this right to reinstate shal l !
<br /> ° . -,,: � not apply in thc case of acccicration undcr paragraph 17. �
<br /> 19. Sale of Notc; Cl�ange of Loan Servlcer. Tl�c Notc or a partial intimst in thc Notc (togethcr with this Security i
<br /> _ [nstn�mcnt)muy be sold onc or morc timcs without prior notice to Borrower. A tiule m:ry result in u change in the entity(�Cnown
<br /> �. as thc "Loan 5crviccr")tliat rollccts monthly payments due undcr the Notc and this Security Instrument. Therc also may be one �
<br />_,
<br /> �:�;;� ur more chanses of the I.c�an 5crviccr unrclated to a salc uf the Note. If thcre is a changc of thc Loan Scrviccr, Barrower will lx: !�
<br /> given�vritten notice of the change in accordance with paragraph 14 above and applicable law.The notice will state thc name and `
<br /> address of the new Loan Servicer and thc uddmss to �vhich paymcnts should bc madc. Thc notice will also cnntain any nther �
<br /> . �" ! inforntation rcquired by applicable law. �
<br /> - �,�., � 20. H;rtt�rdous Subst�tnees. Hottower shall not cuuse c�r permit the presence, use, disposal, storage, or release c�f any �
<br /> Hajardous Substances un or in thc Property. Borrower shull nnt do. nor allow anyonc clse to do, unything affecting the i
<br /> _ � Prope�•ty that is in violstion of any Environmental Iaw. Thc prcccJing hvo �cnten.es shall not upply to thc presencc,usc, or
<br /> � 1 stnrngc on the Property of srnall quantitics of Ha�ardous Su�stanccs that arc gcnerally recognizcti to be appropriate w nnrmai �
<br />_ ,� � residential ��scs and to rnaintenancc of the Pmperty.
<br /> . i
<br />'- No�o 3 u�n Form 3028 9/90 �
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