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<br /> �---� . . . ,. _. __.._ _ •_ ... :� i ..�,., .ti�,lt ny ta I.cndcr cach month u sutn c uul to• —.=—--- --`
<br /> --•.. n .,, sudstunitaiiy eyuivuient u�entgayc ru+ut'an�.:�v�ct���i.ii:ii w:«..��T.C. �:5..�..CS ..... r 4 ` � � �•
<br /> one-twelfth of the yr�uly mortgo�e insurxnce premium being pntd by Rorrrnver wheo tl�c iutiurainrc raverutic lap�cd ur cea�ed to(p �
<br /> be in effeet. I.ender wilt nccept,use t►nd retuin these puyment+u.ti a lu�s rescrve in licu of mort��a�;c in�uranrc. I.��,+ rcu:rvc(�
<br /> paymcnty muy nn longcr t�c rcyuired,ut dic apdon uf lAndcr,if nu�rtgugr in�uran.•r r��vrr���:r lia thr umuunt anil for tl�c�cri�x1 '
<br /> thut L.e:nder reyuires)droviJed by an insurcr uppruvcd hy l.cndcr i+ge+in hecumc,:ivaili�hl� :ind i,oMaincd. B��n•uw�r +hull p,iy
<br /> tht prciniums rcyuircd tu muintain murtgagc intit�rnnrc in ctfcct. or ti�praviJc u lu„rcyrrvc,until tBr rcquircnicnt tor mnrtgn�;r� ,
<br /> insurs►ncc ends in ucr��rdi►ncc�vith uny writtrn i�grccmcnt hctwccn Horrowcr unJ I.�nJcr or+ippiiruhlc lu�v. Q „
<br /> 9. Inspeetion. l.endcr or its ngcnt muy nn►kc rcu+omtble cntries upo�i und�ntipcction�ul the F'r��Exrty. Ixndcr tilkd i gi�• ,
<br /> 8��rrower nrnicc ut thc timc of ur prior tn un iin}krtiun spccifyinb rcuyunuhlc cc�u+c tur thc im�ucliun.
<br /> 1Q. Cnndemnatlon. 'fhe pn�ceeds o!'uny ttwarcJ ur dwm fi►r dumugeti. direct��r cun,eyurntiul, in cunncrtirn� �vit h un , ,� . .
<br /> �� condemnation or other tuking of uny purt uf the Pmperty,ur fur cunveyuncc in liru uf runQcmnutiun,ure henhy ntitiigneJ nn ,
<br /> � shull bc puid to I.endcr. , ,
<br /> In thc event of u totut tuking of the Property,the ptrnc�:cls shull bc upplied to thc 4u�it+�ec�sre�l by thi+Security In•tm nunt. _
<br /> .,-" whether or nnt then due, with uny excesti pald tu Bormwer. In the event of u p�rtial tuking of the 1'nipeny in whuh thc fair
<br /> - •� ' market vulue of the Property immediutcly� bef��re the takin$ is cyual tu or grcater thun thc :►mount��f the,um+ sccun�l by ihis ,. „
<br /> Sec;urity instrument immediuteiy before the tuking,unless 8ormwer und Lender otherwise ugree ia writing, the tiums xecured by
<br /> this Security Instrument shull he rcduced by the umount of the pr�x��ed.multiplied by the G��lowing fruction:lu1 th� t��tul
<br /> amaunt af the sums secured immediately before thc laking, dlvidcd by lbl the fuir murkct valuc of thr Proprrty immcciiutcly „
<br /> before the taking. Any balance shatl be puid ta Borrower. In the event of u paniul tuking of the Praperty in �vhich the fair -� .
<br /> • market valuc c►f the Property immediately beforc the tuking is less thun the umaunt of the yums securcxi immediately bcfom the
<br /> taking. unless Barrower�nd Lender otherwise ugree in wriang or unless upplicable luw othenvise pravides, the procecdti shatl
<br /> • be upplied to the sums secured by this Security Instrument whether or nos the sums ure then due.
<br /> If the Propeny is abundoned by Borrower.or if,after notice by Lend;.r ta Borrower thut the condemnor offers to mukc un
<br />' awurd or settle u claim for dama�es, Borcower fails to respond ta I.ender within 30 duys aRer the ciate the natice is �iven, �
<br /> . Lender is authurized to collect and apply the praceeds,at Its uption,either to restoration ar repair of the Property ar to the sums
<br /> secured by this Security l�istrument,whether or not then due. �
<br /> Unless I.ender and Horrower otherwise u�ree in wrtting, uny appiicatian af proceeds to principai shuii nut ext�nd or �
<br /> � postpone the due date of the manthly payments referred to in paragraphs l and 2 or chan�c thc amount af such payments. ,.
<br />� I l.Borrower Not Releasedt Forbearnnce By Lender Not a Waiver.Extension of the time for payment or modifiaxition .. „
<br />� of amortizution of the sums secured by this Security Instrument grnnted by Lender to any successor in interest of Borcowr r shall '
<br />' rtot operate to release the liability of the original Borrowcr or Borrower's successon i�interest. Lender shult not bc required to
<br />_ � , ' � commence proceedin�s Agninst uny successor in interest or refuse to extend time for payment or�therwise modify amonizution .. '�.'��•
<br /> , of the sums secured by this Scxurity Instrument by reason of any demand mads by the ori�inal Borrower or Borcower's �`�''�
<br /> ...-----
<br /> ,'. °fi � successors In interest. Any forbenrance by L.ender in exercising any nght or remedy shall not be a waiver of or preclude the :�
<br /> exercisc of any right or remedy.
<br /> 1Z. Successors and Ass6gns Bound;Joint and Severa! Liabiltty;Co-signers. The covenunts and ugreemenu ot thls ;-.��
<br /> �• ' Security Instrument shall bind and benefit the saccessors and assfgns af[.ender and Borrower, subject to the proviRions of +"74'�.!
<br /> pamgraph 17. Barrawer's covenants and ugreements shal! be jnint and severai. Any Borrower who co-signs this Security '
<br /> , n
<br /> :: �,; �
<br />- _. Isistrument but dee� n�t execute the Note: (u)is co-si�nin�this Security Instrument only to mortgage, �rant and convey that �.• ��:.. ` . �� !
<br /> Borrower's interest in the Property under the terms of this Securlty Insuument;(b)is not personaliy obiigataa to ay the sums �;,;��F^.;, , .
<br /> secure�i by this Security Instrumenr nnd(c)agrees that I.ender and any other Borrower may agree to extend,modi�y. farixar or �;.;,•;:t•
<br /> muke any aceommodutions wlth re�ard to the terms of this SecurEry Instrument or the Note w�thout that Borrower's consent. •;'''�?►'��``� `r, �
<br /> " 13.Loan Chac�es. If the loan secured by this Security Instrument!s subject to a taw which sets maximum loan chor�es, ,., ; �` •-.��`
<br /> and that law is finaliy interpretai so that the interest or other loan charges collected or to be cotlectad in connectian with the .;;,-,., y;���
<br /> loan exceed the permitted limits,then: (a)any such loan c harge s h u l l be r e duc e d by t he a�nou n t n e c e s s a r y t o re d u c e the char ge . �
<br /> • to the pernutted limit;and(b)any sums already collected frum Borrower which exceeded permitted limits will be refunded to •..' � +
<br /> -; . Borrower. Lender may choose to make this refund by reducing the principal owed under the Note ar by making a ditect ;}�;� ;;
<br /> : payment to Borrower. If a refund reduces principal, the reduction wlll be treated as a partiul prepayment without uny �
<br /> � � „ prepayment charge under the Note. .. . ,
<br /> �� • 14.Notices.Any notice to Botrower provided for in this Security Instrument shall be given by delivering it or by mailing �
<br /> � it b y first cluss mail unless upplicable law requires use of another method.The notice shull be directed to the Property Address .���.. �_{�',9q'-
<br /> • ';:i'i�. s-�-.
<br />_ ' , or any other addmss Borrower designates by notice to Lender. Any notice to Lender shall be given by first class r n a i l to �,.;t:;: . ��-=I�—
<br /> Lender's nddress stated herein or any other address Lender designates by notice to Barrower. Any notice provided for in this rr:t�iJ` __
<br /> " " ' Security Instrument shal!bc deemed to have been�iven to Botrower ar I.ender when given as provtded in this parograph. ';�_ , �
<br /> . ° �• 1S.Governin� i.a�v; Severability. This Securiry Instrument shall be governal by federal law a�id the la+v of the ���:
<br /> �� jurisdiction In whlch the Pmperty is located. In the event thnt any provision or clause of this Seeurity Instrument or the Note N
<br /> �,.� confltcts with a l��able law,such contltct shall not uffect other provisions of this Security Instrument or the Note which cun be . `�'�
<br /> .l�.,r�'�i� x PP.' .•,�'
<br /> .�;j•;:�„, given effect without the confltcting provision.To this end the provisions of this Security Instrument and the Note are d�clared yry
<br />- � •%'''t�`° ''�' to be severnble. -
<br /> �
<br /> .. �.y� �/.�`l
<br /> . .�t. �/(.�
<br /> • � I6.Borrower's Copy.l3orrower���;�:�:�.��vcu une contormed copy of che Note and of this Security Instrument. , �.���•,;...�.;.
<br /> �� 17.TrunsPer of the Proptrty or a Beneficial Interest In Borrowea If all or any part of thc Property or any interest in it , '-�?���._
<br /> - `�x- ' • i��uW or icansfecred t�r�f a beneficiul lnterest in Sorro�scr ia sold or transfernd snd Rormwer is not a natural personl without _ .v:_-.�",,,�,����—
<br /> Lender's prIor written consent, Lender may, at its option, require immediate payment in full of all sums secured by this � ,� -
<br /> Security Instrument. However,this�ptton shall not be exercis�d by L.ender if exerc�se�s pmhibited by federal law ns of the dute ....;,t ..
<br /> of this Security Instrument. ' "'�,�:��
<br /> ° if I.ender exec+ci�r�this option, Lehder shall give Borrower notice of accelerc�tion.The notice shall provide a period of not
<br /> � less than 30 days from the dutx the notice is delivered or mailed within which Borrower must pay ;il! sums secured by this <,:::`�1,
<br /> �� Security Instrument. If Bonower fails to pay these sums prior to tiie expirstion of this period,Lender may invokc any remedies �� ,��.•,:'�
<br />- permittal by this Security Instrument without further notice or demund on&►rrower. � „
<br /> z 18. Borrower's Right to Reinctate. If Borrower meet.r• renain conditions, Borrower shall have the ri�ht to havc
<br /> � enforcement of this Securlty InsUUment discontinucd ut uny cime prior ro the earlier of: (n) 5 days(or such aher periai as
<br />- ' applic.�bte luw may specify for rcinstatement) before sule of the Propeny pursuant to uny poa•er of �Ic c.�untained m thes �
<br /> � Security Instrument;ar(b)entry of u judgment enforcing this Security Instrument.Those conditions are tliat Borrower:(a?pays •
<br />- �. L.ender ull sums which then would be due under this Secudty Instrument and the Note As if no acc.�ele�ution had occureal:(b) �
<br />. � • cures any default af any other��venants or agreements: (c)pays all expenses incurred in enforcing this 5ecurity Insteument,
<br />� �. including, but not limiteci to, reasunuble atwrneys' fec�:und(d)takes such action as Lender may rrasonably require tv a+sure
<br /> = that the lien of this Securiry Instrument. C.cnder'�rights in th�Property and $orrower's obli ation to pay the sum, xc:urcd by
<br /> ,
<br /> � this Security Instrument shall concinue unchangaf. Upon reinstutement by Bormwer, t is S�YUnty Inxtrument :anct the
<br />— --�--. ...- ---.,- ... .. ..s �"'�.._s._n �.....:.. C.dt....►C o:.....,.• :f....n.vnl..r�atinn had.vrurnvl Anwrvrr IhtC r14hI tll R'ttISI�IB 5t1:1�� _--..-- .-..—.
<br /> •�. .__... ..-..__—__. _._�.- UDII�'i1lNIIJ.IRYIN tictGV� .•�tw� �����w.. .u..� ..•.w........ .....�..���.�.�........�� "'_"'_' ". ' . . � — - _-__. ._ ..-.
<br /> � , not apply in the casc of a��ccleration under par.�graph 17.
<br /> � . ' ' • 19. Sale of Notc: Chunge nf I.oun Servtcer. 'Chc Notc��r a partial intcrest in thc Natc ltogethcr with this Sccurity
<br /> p . [nstrumenq msy be wld onc or mon time.without p�ior notirc ta Bom��ver. A wle may nsult in a rhungc in thecntity lkn�+�vn
<br /> �,_ a�th� "I.uan Sen•iccr")that r«llctit�monthly p:►ynunt�dur undrr the N�ne and thi+Serurity Inatrument.'The►r alsu rnay Ix une
<br /> ,��„ ur nt��n rhsn�es of the Loan Scn�i�rr unretatc�!a��w►lc of the Notc.If then: is a rh;u��e uf the I.van Srrvi�cr. Burc.�acr will br
<br /> � �iven written nuti�ti��F the rhunge in ar�y�rciun�ti«•ith par,�graph 14 uMwe and applicab�r I:��v.The n��tir�:will.tutc the n;imc nnd
<br /> - ' ' ' :►ddress uf the ne�v Luan 5�rvi�rr and ihe addn�+tu whirh paymrnts .hould he made.Thc nuticc �vill al+o co�uain any othe-
<br /> ' intiirntation rcyuirc�i by applirablr laa•. °
<br />' 2Q. Huwrdouti tiubstartces. Burn+���cr .hall nut rausc ur p�rniit thr pnwrnrr. wr. Ji.puwl. .tor�gr, ur rclra�e of am• „
<br /> � Hurnniuu, SuMtancc. un ur in thc Pmperty. 8urn�arr ,hall oot du. nor alk��v anyunr rl.c tu J�,, anything ufC�titing thc
<br />,� Prope�ty thut i�in vii�l:ui�m of any Euvin+nmcntal I.a���. The prec�tiling c��u kntenrc�•hall nut apply tu th� preu:n«, uti, ur
<br /> ,_ . sturs�e on thr Pn��nrt)� ��f�mall yuantitic.vf H;v:►niuu� Sub+tan�ti�that are gcnerally ntiti�gnintil tu lx appr.�pnatr h� numial
<br /> ; nsidrntial uscs:md tu maimenanrr ul'thc pruprrty.
<br />�f' " r;.�„�.,�a Fam 3028 9�90
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