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<br />-��%�8"��-`�`r'�'`�r� substantially cquivalcrtt mortgnge ln�;�,;�.�cv�-erege�is not availablc,Bonowcr shali puy to Lendcr cach month a sum equal ta ="�,��
<br /> onc-tweltih of the ycarly mortg�ae i��s°�J�.�`n=P�►niwn being paid by 8orrowcr whcn thc insurancc covcrage tnpsed or ccased to ��..':
<br /> bc in effect.Lcndcr wili acccpt,usc nrcd ret�lin thesc paymcnts as a loss rescrvc in licu of mortgage insurancc. Loss reserve _--
<br /> paymcnts n ny na lan�cr bc rec�uirc�l, at thc option nf I.,cndcr, if ntortgu�;c insurnucc covcra�c(in thc umount and for thc peri��d . •-
<br /> that L�:ndc� rcqul�c�)pravidal hy an insur,:r appruvr,�l by L�:ndcr ugain bccamcs avnilablc und is ob[ainul. Aorrowcr tih,ill pay _�
<br /> .•�°, .,M;_ ; : �.• thc premiums rcquirrd ta maintain mortga�c insurancc in cffect,or to pmvide a lass rescrvc,until the rcquirement for mongngc , , _
<br /> ,�;�^�:�.,�.;,y,�, insuranr.c ends in accordnnce witl�eny written agreement Uetwezn Rnrrawer�nd Lender or ap�;liG►ble law. , � -
<br /> �=T==•*.'-��•,w 9. Ins�►r.ctlon.Lendcr or its nsent �nay muicc rcasonnbte cntrics upon and inspcctiuns of thc Propcny. I..endcr sh�dl givc \� '�:; • -
<br /> ``� :.�:�.�.,_�...-,.�.�s.,.� Borrowcr notico ut tiie tiinc of ar prior to an inspcction specifying reasonublc causc for thc inspection. ; i , ,�
<br /> _-= f0. ronclemnatlo��. The proeeeds of any nward or claim for dumages, direct or eonsequential, in connection with i►ny ;e.. �.• v,.'�.�,��;i�`
<br /> .,:.-,.:-�.y�;r:
<br /> condemnatioiz or othcr tnkfn�of wiy pan of tltc Properry, or for c�nveynncc in licu of condemn�tion, urc hcrcUy tissigned imd w�-
<br /> =T�_x,�s;��� shull bc paid Io Lcndcr. ��
<br /> :,r -=-� In the event of n rotnl Utking oF tho Property, the procecds shall be npplicd to the sums securc�i by this Security histrumeut. • '��''°�'
<br /> ,._:
<br /> =�_�•i;.< , whether nr not then Juc, with imy excess p;iid to Borrowcr. In the cvent nf a purtiul t�tking of the Prnperty in which Ihe fuir _ ", � �
<br /> ;�,_;��};,;,. 1 market value c►f the Properry immedintely bePoro the ts�king is equul to ur greuter thau� �hc amount of�the sums,ecured by tBis .�
<br /> '.`'�� Sccurity Instrumcnt imnicdlntcly before the taking, unless Borrawer anc9 I.cndkr otiurwi�e ugrce in writing, thc�umy sccured hy
<br /> ���• this 5ccurity (ns�rumcnt shidl Bc rduccd hy �hc amount of Utc procecds mulllpllcd hy thc fnllowing fructinn: (r�) Ihc total „ "
<br /> � .'.'';� umount of thc sums s��curcJ immcdiatcly hcforc dtc takins, dividcd by(hl thc fnir murkct viiluc of thc hroperty immctliatcly ��
<br /> • ;,•;r_�- bcforc thc tnking. Any halrmcc sl�nU bc paid tu �orrawer. In thc cvent �►f u partial taking uf thc Propeny in which tho fair , � �
<br /> - '�•����•';• •.� markct v:duc of thc Property immcdiately Nefore thc takinb is Ie�,s than the:�muunt of the sums securcd inmialiately b�fare the . • ,���
<br /> `•r,,r�''� � taking, unle�5 Borrower und [.ender athcrwisc agree in writing nr unlesti appticable law otherwise providcs, the proceccls shall ��r,:;•.,.�• ., '�`
<br /> • t�:applicd to the sums sa;ured by this Security Instrurrv�m w�hether or not the sums urc then duc. • •i•' • "
<br /> _'�;'• ' �' If the Pmperty is abandone.d by Borrower,oP i(,�fter nasice by[.cnder to 8arruwcr that thc condemnor offers to niakc un :",��";`h�,,.,�
<br /> -"�_�..,;..;�a.: � award ar sctNc a claim for darnagcs, Borrower fails to respo»d to Lend:r within 30 days after the date tt�c natice is give�ti, ,,�.�:_
<br /> _ � . '�- ? L.ender is authari�ed tu colteci und appl,y the proceeds, at its optian, either to restoration ar repair of the Property or ro the sums . �"'��ri��---
<br /> - � ' ? secarecl by this 5e�urity fnar.rumeat,whether nr�not then duc. , .�. �..��r----
<br /> , �'�' Unless Lender and Bonowcr otherwise ugree in writing, any application of proeeeds to principal shall not extend or '•""�""`=``--
<br /> S�' P F� Y P Y P S p o P Y � „ -"�_ .--
<br /> �'' '' ost ne the duc dnte af th�monthl a ments referred to in ara ra hs I and 2 or cllanoe the amount of such a ments. � : ;.,^:;���,-_:
<br /> �'�' � 11.Bnrrower A'ot�teleased;�orbeacance By I.ender Not a Waiver.8xtrnsion of the time for payment or modification �`� . -a•��'`,
<br /> ..•, • �;.._ �f anionization of the sums secured by this Security Instrument gran�ui by Ixn�ler to any successor in interest of Borrower shaU � . ��=r;�' ;�r
<br /> ... ....,
<br /> . ..... --
<br /> `�� � �� + not op�rate to release the liabiliry of the original Bonower or Borrower's successors in interest. I.ender sh�ll not be rcauirecl to �__-l-`".�'��
<br /> ---��.-'--}- �0^"":.,^^^ '^^^^'�:^^" ^^^:^`�•'^••`••^^^P`^':^:~•°-_°. --«�u,�iu eaienci umc tor payment or othenvise modify ;�mortization ' �f��!��?°� -
<br /> ...Y.��..w...b.. ..b.»..... ....J ................. ...��.��.�r.��v�
<br /> , of the sums securod by this Security Instrumcnt by reason of any dcmand made by the original Borrower or BOITOWCi 5 �r, r:`�,;,k� -""`
<br /> successars in interest. Any forbearance by Leuder in exercising uny right or remody shaU not be a waiver of or preclude the , �+
<br /> , ; cxercise of any right or remedy. ` �'
<br /> . ...;�. � 12. Successors nnd Assigns Boa�,�; �olnt and Severnl Liubllity; Co-slgners. Thc rrnenants ar:d agrecments of this � :,�`;��-
<br /> ''� Sccurity Instrument shalt bind and bcnefit the sucecssors and assigns of Lender and Borrower, subject to the provisions of '
<br /> ..-. �,
<br /> ..
<br /> ' � paragraph l7. Barcower's covennnts and agmements shall be joint and several. Any Borrawer who co-signs this Security , �
<br /> - ` IS2SIi��I??nn� h�� �Innc ruit�g����tt���m Nnt�!� (al ic rn-cianino thic C����rity IncmimPnt�nly tm m�rtaaar ar�nt anrl �nnv�v ihai �'�.�
<br /> - - -- ..o....� . . ,
<br /> i Banower's interest in the Property under the terms of this Security Instrument; (b1 is not personally obligated to pay the sums '''f' �
<br /> ° �.�{ secured by this Security Instrument;and(c)agrees thut Lender and any other Borrower may agree to extend,modify, forbcar or ��;:u,
<br /> .,.,,. make any accommodatio�is with regard to the terms of this Security Instrument or the Note without that Borrower's consent. '''�"
<br /> �•,:• 13. LoAn Charg�s.If the loan secured by this Securiry Instrument is subject to a law which sets muximum loan charges, � � �`�.
<br /> '"' and that law is finall inte reted so thnt the interest or other loan char e5 collect�d or to be collected in conrtection with the ��'+�;��j,.'
<br /> . t;�c;.': Y � rP S • . .!p.;r,�.�
<br /> • �,?'r•.`��" loan exceed the permitted limits,then: (a)uny such loan cha�•ge shall be r�educed by the amount n�:cessary to reduce the charge ,,. ,
<br /> ' ��'�� to the�sCrmitteAi limit: and (b)any sums ulready collected fram Borrower which exceeded perniitted limits will be refunded to ' �,.� �
<br /> • • • ,:r �. Borrower. Lender may choose to maks this refund by reducing thc principal owcd undcr the Note o� by making a direct �
<br /> • •� �"'�:� payment to Bonower. If a refund reduces principal, thc reduction will be treated as a purtial prepayment without any ;:;;ti{'�
<br /> �• • prepayment charge under the Note. '`::.>�''�r�
<br /> r'`�;!� • 14.Natices.Any notice to Borc�wer provided for in this Securiry Instrument shall be given by dclivering it or by mailing ":?l�r.
<br /> • `'��. it by first cluss maal unless applicable law requires use of another method. The notice shall be directed to the Property Address , • '�:�`t`,i� :���
<br /> , ' ., c>r any other address Borrower desi�nates by notice to Lender. Any notice to Leader shnll he given by first class mail to �f,,� i.,,
<br /> � � L.ender's address stated herr,in or any other uddress Lendcr dcsignates b�� notice tu 8orrower. Any notice pmvided for in this , ���-y��`.. •••
<br /> � ""^'- Securit Instrument shall be deemed to have been �ven tu Borrowcr or Lender when �ven as rovided in this ara ra h. • •%��� •" '
<br /> ' . �'•-`�'�� 15 Governing Law; Severnbiiity. This Ss:curity Instrument shall bc govcrncd byf cdcral law and thc law of thc �t��`��
<br /> ���� jurisdiction in which the Property is located. In the event that uny provision or clause of this Security Instrument or the Nutc �
<br /> •' .�''����'. � conflicts with applicable law, such conflict shall not affect other provisions of this Securiry Instrumcnt or the Note which cun be � �
<br /> ` � given effect without the conflicting provision. To this end the provisions of this Security Instrument und the Notc arc decl:ucd ' �
<br /> � � to be severable. I • � �._��
<br /> . `!'.I � 16.Borrower's Copy.Aorrowcr shull bc givcn onc confornicd copy of thc Notc and of this Security Instrumcnt.
<br /> .�,,,
<br /> - ' �`' 17.Transfer of the Property ur a 13enef�cful Interest in Borru�ver. If all or any pan of thc Property or an,y intcrest in it •" �'
<br /> is sold or transfcrrcd(or if a bencficiiil interest in sorrawcr is ,old or transferred and Borrowcr is nat u narural person) without
<br /> " . .. Lender's prior written cansent, Lender ma y, �t its o ption, re quire irnmediate pa yment in full of all sums sec:ureci b y this ( .
<br /> . ° Secu►•ity[nstrumcnt. However, this option shall not bc excrciseci by Lcndcr if exercisc is prohibited by fcderal law ati of thc datc
<br /> � ;,. of this Security Instrument. I , .
<br /> '.i° If Lcndcr exercises this option, Lcndcr shatl give Aorrowcr noticc of accclerution. The noticc shall pmvidc a period of not �
<br /> '�'� • Icss than 30 days from the date the nutice is delivered i�r mailcAl within which Borr�wer must pay all sums secured by this
<br /> � •
<br /> � Security Instnimcnt. If Borrower fails to pay these sums prior to thc expiration of this period,l.endcr may invokc any rcmcdics �
<br /> - permittcd by this Sccurity Instrument without furthcr noticc or dcmund on Aorrower. I
<br />�- ,� 18. Borrowcr's Rlgl�t to iteinstute. If Borrowcr mcets cenain conditiuns, Borrower shall have thc right to havc "
<br /> . ' '.�:'�'�" enforcement of this Security instrument discontinucd at any time prior io the earlier of: (a) 5 days (or such nther period �s i
<br /> ' � applicablu law muy speciFy far reinstutement) befure ssle of the Pmpeny pursuunt tn zny p�nver nf salc r��ntained in thix � .
<br /> ," , �I Security h�snvment; or(b)entry of a judgment enforcing this Security Instrument. 'I'hose condition�;ure that Borrower: (a)�ayx � �
<br /> Lender all sunts which then would be due under this Securiry Instru�ucnt and the Nutc as if nu aceelcration had occu:red; (b)
<br /> � , cures any defnult of any other covenunts or agreements: (c) pays all expenses incwnd in enforcing this Security Instrument.
<br /> +' including, but not litnitcd to, reasonable attorneys' fees;and(d)tukes such action as L.cndcr may rc;►sonably rcyuirc ti�assure '
<br /> �• � ,�I thut the lien of this Security In�trument, Lcndcr's ri y�hts in thc Propcny and Burmwcr's c�bli 6�ation to pay the tiums sccure�i by "
<br /> �. this Securiry [nstrument shall continuc unchan�;ed. Upon reinstatement by E3orrower, tliis Securiry Insnumcnt and thc
<br /> �_ .. ...� _. . . ---- --
<br /> - --- --� vunvmwna�c�:uiai i�cieuy ai�uii rcmam iuiiy ci7cs:i�vc u�n"no acccicrauon nau occurmd. i-iowevcr. cnis rign<<o rcin+la�c,naii - ----- .
<br /> not�pply in thc casc uf acccicratiun undcr paragraph 17.
<br />— I 19. 5ale ot 101ote; Cl�unge aP I.oan 5ervicer. The Note or a partial intcrest in the IVc�tc Rogeth��r with this 5ccurity
<br /> , � Instrument)may be sold one or more times without prior notice to Borcowcr. A ;ale may result in,i chanNe m the�ntiry (knuwn
<br /> as thc"Loan Scrviccr") that collccts monthly payntcnt�duc undcr thc Notc�md tl�is 5ccurity Instrument. 7'hri�al+��may hc unc �
<br /> ' � , or morc cl�anges oP the I.osu Servi�rr unrelatect w a salc uf tl�e No�e. lF thcre i,u chan�e e�t'the Luan Servicer. Bnrrc�u•er u•ill hc ;
<br />_ " givcn written noticc of thc rhangc in ac�corduncc with para�r�ph 14 a6ovc:�nd applicablc I,►�v.Thc noticc�vill �tatc thc numc and
<br />— • _ uddress of th�ne�v L.oan Servicer and the address to which payments should bc madc. The notirr will al,u cuntain any�,thcr
<br /> ' informntion rcyuircd by applicable law.
<br /> 20. Hawrdous Snbstnnccs. Borrowcr shall not causc or permit dtic prescncc, usc, dispo�al, ,tur,t�r. ur rrlr.i.c ot'any
<br />- �� Hatardous Substances on or in the Property. Borrowcr shall iwt do, nor allow anyunc cltic ta dii, cmything affertin� thc �
<br />° , Property that is in violution of any Environmcntal Law. 7'hc preccding t�vo sentenrrs shall not apply to thc preticnrc, u�c, ur
<br />'- starabc on the Property of small yuantitics of Hac;irduus Substanccs thc�t arc gcncrally recognizcd t�� hc appropriatc a� nornial �
<br /> - resiJcntial uses.tnd to maintcnancc uf thc Property.
<br /> �f Papo 3 0�d Form 3028 9/90
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