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<br /> _`�. �: ;;�•' � substantic�ily cquivalent mortgage lnsurancc coverage ia not aveilable.Banower shall pay to Lender each month n sum cyunl tu
<br /> one-twelfth of the yearly mortgA e insurance premium betng pald by Aormwer when the insurance covern�e lopxal or reu.sed to
<br /> be in effect.I.ender wlll acc�it;�se grtd retain these pay ments ns a loss reserve in lieu uf mortgage insurance. l.�isa reservq�^
<br /> " • �•• � payments may no longer be rcywred, ut 1i�c u},tt�n of Lertdcr.if mortgsge insurance coversge(en the Eunount snd for the�xri.uM' �-
<br /> • . that Lender requfres)provided t+y sn lnsurer approved by Lender agntn becomes Avnilable and is obtalned. 8orrower xhull pa
<br /> , . • ;; , tho premiums r�quired to maintain mortgage insurance in effect,or to pravtde u loss►�erve.until the requirement far mortga��j
<br /> � •• insurnnce ends in accordance wfth sny written agreement betwcen Borrower and l.ender ar applicablc law.
<br /> ='. •� , � ' 9. Inspectlon.Lender or iu agent may make masonable entrles upon and:aspectlons of the Froperty. L.ender shull givc�
<br /> ��'* :�`�;,�`� Horrawer notice at the time of or pdor ta an inspecuon specifyln�reasonable cause for the inspection.
<br /> 10. Condemnallon.The procecds of any award or claim for damages,direct ar consequential. in connectlon with an -
<br />::::,;.,�,� ',��f; condemnadAn ar other taking of any part of the Property,or for conveyance in lieu of condemnadon.ure hereby assisned an
<br /> _ -�� �' a � shail be paid to Lender.
<br /> �'�'��•. In the event of a total takin�of the Properry,the proceeds shall be applted to the sums secured by this Securtty Instrument
<br /> `�.�':�
<br /> ��'' whether ur not then due,with any excess paid ta Bonower. In the event of a partiel taking of the Properry in which the€ai�
<br /> �;�j�,�,�'� market value af the Property immediately 6efore the taking is equal ta ar greater than the cunaunt of the sums sacurecA Dy¢Unis _
<br />`-� Secudty Instn�ment immedjately before the taking. unless Borrower end I.ender atherwlse agree fn wrltins,th�sums securad Q►y _
<br />'�� � ;� ' tMs Secudry In.gtrument ahall be reduced by the amount of the proceeda muluplied by the following f�actnan: (aD the toYal -_
<br />-_''j*Y j,}�ry:_:,; ^ amount of the sums secured immc�iately befare the taking. dtvided by (b) the fair markea value of the Property imcmediat�ly _
<br /> � ... • ' t before the taking. Any balat� shall be paid to Borrower. In the event of a partial taki�of the Pcopetty In�v�tich the falr =_
<br />:��+'t;$_�_`,.' `�-�� market value of the Property immediately before the taking is less than the amount of thz sums secured immediat�ly before the -
<br />,,,s;�; _-' ';�� � taking,unless Bonower end Lender otherwise agree tn w r�t ing or u n less app l ica b le law o t herw Is e p r o v l d e s.t h e p r a c e e d s s h a l l
<br />_a�,�; o •�?.� :'� be applted to the sums secrired by this Security Inscrument whether or not the sums are tfi�en due.
<br />:_�":�� : ` ;� If the Property is a6andoned by Borrow�er,or if.atter notice by Lender to Borro�ver that the condemnor offers to make an
<br /> - awerd or settle a claim for damages. Borrower fnils to respond to Lender wlthin 30 days atter the date the notice is given,
<br /> �at� I.cndcr is uuthorized to collect and ! the roceeds,at it�o on,either to restomtion or re air of thc Pro rty or to ttie sums
<br /> �";;',,:z�.:"!�d'i aPP Y P Pa P Pe _
<br /> -',--.,.--..s.�.__ secured by tttis Serurlty Instrument,whether or not then due.
<br /> ` •Y��'�``'`' Unless I.ender and borrower othervvise agree i�� wtliing. any applic�ation of proceeds to princi •9 .6�11 nnt extencf or .
<br /> •,-r ;.:4-.L;''���
<br /> '' postpone the due date of the monthly payments referred to inpara�raphs 1 and 2 or change the amount o such puyments.
<br /> � �'���' lb. 3Borrower Not Released;Fmrbearence�y Lender Not a Waiver. Extension of the time for payment or mod�fication
<br /> _-' ��.��`;�,,^,. .-
<br />�-�.�±;��rs s,;�4;� '• of amartimndon of the sums setv�l S�y this Security Iastrument granted by L.ender to any sucoessor in fnterest of Bonawa ahall
<br /> 1.'�FS:;• �*• not operaIle to release the llability of the odginal Borrower or Eortower's suc:cessors In interest. Lender shall not be reRuired to
<br />•�;'t�'; . tl
<br /> „ r „,, commence proceedinss sigainst any successor in intarest or r�:fuse to extend time for payment or otherwise madify amuzuzation
<br /> s
<br /> ' r of the sums secured by this Securlty Insuument by rmson of aay demand made by the original Borrower or Borrower's
<br />'`��.�'�, successors in intereat. Any forbearence by Lender in eaercising any rlght or remedy ahall not be a waiver of or preclude the
<br />'-'`=�'�,�':.'%;`.. oaercise of any right ar remedy.
<br />=;����;�f#i?:;�' 1Z. Sueces.wrs ond Assi�tts Bound;Jofnt and Sevesul $.iabQity; Co-slgt�ers. The covenants and agreeraents of thia -
<br />::fr;�`,.�k;N ; Security Instrument ahtdl bind and*benefit the�sucoes�ors and ussigns of L.ender and Borrower�subject W the p�visions of
<br /> �uagaap� 23.. ..a::�r:e:'q�rs...�ais«- 8I� 8g. Tl1PZI�A ahail be,joint and s�veral. My Borrower who co-signs 3his Security
<br /> Insuument but does nat execut�tha Nole: (a)is.w-signing this Secudty insuument only to mortgage. grunt and oonvey that
<br /> ����'I� Borrower's interest in the PropeRy ander thc cerms of this Secudty Instrument:(b)is not personally obfigated to pay tha sutns
<br /> ___�;;�:��`� '. secured by this Securlty Instiument; and(c)agrces that I.enderand any other Borrower may agree to extend.modify,forbear or
<br />-=:.z�:�,;�,..�,• ; makc any accommodatIoas wtth regard to tha terms of tMs Secur[ty Insuument or the Noic without that Borrower's consent.
<br />---�'="'""-'-`�"' 13.Loan Cherge�.If the loan secut�ed by this Securtty Instntment Is sub3ect to a law which sets maximum loan chorses,
<br />""-"�'=°`-'-`"*='�__ and that law is finally interpreted so that the interest or other loan charges co[lected or w be collxted tn connectlon with the
<br /> —=�-- loan exceed the perniitted limits.then:(a)any such lot�n charge shall be reducad by the emount neresser�to re�uce the charge
<br /> _ �� to the permlued IimIt; and (b)any sums al�eady collected from Borrower which exceeded perniitted limtts wtll be refwided to
<br /> -w±�:,„�_;,,� Ebrrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a dic�ect
<br /> -- _ payment to Borrower. If a refund reduces pdncipal. the reduction will be treated as a parUal prepayment without any
<br /> ����, prepayment charge�nder the Note.
<br /> -_�==�� 14.Nottces.My notice to Bormwer provided for in this Securiry Instrument shall be given by deliver�ng it or by mailing
<br /> ---- - Ft by first cless mail unless applicable!nw mquires use of another method. The notice shnll be directed to the Property Addness
<br /> �; or any other address Borrower designates by notico to Lender. Any notice to l.ender shall be given by first class mail to
<br /> - - Lender's address stated herein or any other address Lender designates by notice to Hormwer. Any notice provtdod for ln this
<br /> Security Insuument shall be deemed to have been gtven w Borrower or L.ender when given as provided in this paragraph.
<br /> 15.Governing I.aw; Severability. This Security Instnement shalt be governed by federal law nnd the law of the
<br /> _-- -= co�ntl'eeCts with pplicableelapw psuch confli t hall ot affect o er pmvisions of this 8ecuriry Inswment or thet N te whichecan�be
<br /> -�__�-� given effect wlthout the conflicting proviston.To this end the provlslons of thIs Securlty Ipstructtent end the Note are declared
<br /> to be severable.
<br /> -- 16.Borrower's Copy.Borrower shall be given one wnformod oopy af the Note and of thfs Security Insuvment.
<br /> -----��- IT.Treastec of the Prop:.rty oe 3 BeneIIicEal Interest in Rorrower. If ell or any part of the Property or any interest in it _
<br /> __s„���� is sold or transfemed(or if a bene6ctal interest in Bomower is sold or trensferred and Borrower is not a naturat person)without
<br /> _._-_.._... Lender's prlor wrItten consent. Lender may. at tts option. req uir+e immaiiate payment in full of ap sums sacuned by this
<br /> ---�! ' � Security Insuument.However,this opdon shal(not be exercised by i.ender if exer�cise is prohibited by federnl law as of the dete
<br /> -�±�!!�!*�� of this Stxvrity Irtstrument.
<br /> __--="_�-=_= If Lender exerclses this option. [.ender shalt glve Bomower notice of acceleratIon. The notice ahall provide a period of not
<br /> --``�=��y� less than 30 days from the dste the notice is delivere�or mailed w(thin whlch Borrower must pay all s�uns secured by this
<br /> '';;��,� . Security Instniment.If Borrower fails to puy these sums prtor to the expiration of this pedod, Lender may invoke ony remedies
<br /> ,-_�;;s�',;,:;,o.x�� : permitted by this Security Instniment without fUrther notice ordemand on Borrower.
<br /> =:,7�;�.��-f._:s . • 18. Borrower's Rtght to Rdnstute. If Boirower meets certain conditions, Borrower shall have the right to have
<br /> -:��.:,�_,;}�.:- enforcement of thia Security Instrument discontinued at any time prior to the earlier of: (n) 5 dnys(or such other period as
<br /> °";��'��`�'!i�� applicable law may spaify for reinstatement)before sule of the Property pursuant to any power of sale contained in th(s -
<br /> -�r��'�� Securiry Insuument;or(b)entry of"a judgment enfarcing this Security Instrument.Those rnnditions are that Borcower: (a)pays
<br /> .� I.ender ap sums whtch then wouid be due under this Securiry Instrument and the Nate a, if no acceleradon had occurned: (b) -
<br /> ' ' cures any default of uny other covenants or agrcements;(c)pays all expenses incurred in enfoning this Security[nsUUment,
<br /> • „F:�• jncluding.but not limited to,reasonable attorne�s' fees;and(d}takes suc:h action as Lender may reasonably require to assure
<br /> y�'`,; that the lien of this Security Instrument. Lender s ri$hts in the Property and Bnmower's obli�ation to pay the sums secured by
<br /> �.. r�_ : o_ r.. ....i •1.�
<br /> � U1fS .�SCCpfli�l instruneenc SDWI mntinue uncnumgw. V�ittti icin�itiicutciti vy wiT�vicP. �u�a wi.�iiiij a.wi.w:a�m wo.
<br /> ,.•.�• � obligattons secured hereby shell remain fully effcxtive es if no acceleration hud occurred. However. this right to reinstnte shull
<br /> - . not apply in the case of acceleration under paragraph 17.
<br /> � . . 19. Sale of Note;Ci�unge of Loan Servicer. The Note or u partial interest in the Note(together with this Securiry
<br /> ;, instrument)may be sold one or more times withoLt prior notice to Borrower.A sale may result In a change in the entity(known
<br /> _- !;,�::,::,,}y as the"Loan Scrvicer")that rnllats monthly payments due under the Nute and this Security Instrument.There also may bc onc
<br /> � ;� or more changes uf the Loan Servicer unrelated to a sale of the Note.If there is a change of the Loan Serviccr. Borrower wil I be
<br /> .."'�� ' given written notice of the change in accordance with parugmph 14 above and applicuble law.The notice will state the nam�:uid
<br /> address of the new Loan Servicer and the address to which payments should be mude.The notice will also contnin any other
<br /> -"� ' •� information roquired by applirable Iuw.
<br /> • 20. Ha�ardouy Substances. Borrower shali nnt cuuse or permit the presence, use. disposal. storage, or release of any
<br /> "` Hawrdous Subsu►nces an or in the E'ropercy. Borrower shall not do, nor ultow anyone else to do. unything affecting the
<br /> `•: •�'. ::,��., • Property that is in violation of any Environmental Lnw.'fhe p�ing two sentences shnll not apply to the presence,use.or
<br /> storage on the Property of smull quantities of Huzardous Substances that are genernlly recognized to be npproprinte to norcnal
<br /> residenti�l uses and to maintenance of the Property.
<br />_ � Ppn 3 0�4 FOTRI$0� 9I80
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