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<br /> � subs�2ially¢t�uiYal�i m��tg3�e.incuranNoP�vets�ae ds tvot availttb2e.`8omuwer st�[i pay to i.eader�tsL tnanth o sum eqna}to� . _
<br /> or�iw�4th of the yeacty maxtgage iasnrnnce Qte�uem being paid_�y Burro� r�vh�a che insuraaoe wverage lapsrd or c�sc�ta
<br /> . be in e�ect:Len�er,ariq,eccept.use ar.d►�in Eties�pay�nts as o_toss res�ve in ti.ti of �Ortgsgc �nsurgaoe. E.a�s nsesve� ' �
<br /> payiaenis uszy no lamger be mquired,at ihe ogiion Qf Lestder.if ator¢gage ictsuruns�e ooveruge!(in the amount aftd far the p�ri
<br /> . t1�t Len�C cuiuims)p�+nvideci by`ur!ins�er sipAmved by I.amtcr�gatn�uo�s avt�ilable aud is o8tafned.BOS[OtYgi 6h4I1�
<br /> We premiutus required to mdatain mort�ge[nsur�c�ia eftact,or to pr�vide u toss r�ve.ean�l�re�uirem�ttt far mort -
<br /> insu�noe ends im ac�ord�az with ony writt�agreement 6etween Borroarea aad i.ender or applicabIs law. =
<br /> 9 I�spmc�.Lender or ifs.agent m�y�matce�aable ewies upon und iuspections of the Fcu�estg►.Lender ahafl�i
<br /> Bormro�er notiee at t�e tIme�of or priar to.au insp�ian sg�Kysng��asonable cause for th°wspe�ian.
<br /> 10.�o�te�tioa.T�e proceRds of any�awa�d ur cla�m far dsrnages.direct or conse�uentiali in oonn+ecdon wit� , '
<br /> conderrmaL�n ot�er�ng of su�+W'st ef th�Pra�,ar fur wavey2uoe u�lie�l of coademm�tion.are�2mby�si�tted�td
<br /> s1►a116e paid to F.ea�er:. . -
<br /> In the eveni of a tatal,tak�ing af the Propet�y.tke proceeds shatl be a�piied to the sums sec+u�d 6y this Securiry Instmment.
<br /> whzther or nat th�dus,witb su►�r exoesspa�d w Borrawer. In the everit of�paztial ta.kirtg of tha PcapeYtg►is�whicb the fals .
<br /> - market valu�of the Prapsrty immediatety before the ta�ina is�qual to os greater tha�the aiaou�t of the sums seeured 6y�his
<br /> Secudty Iastmment immadiutely 6efore the taking.�nless Boriower aaA I.eader othera+ise agre�in writing.tMe sums s�red by
<br /> this Secuiity I�saument shalf be reduced'by the amouat of the proceeds�mutuplieri 6y the foltowing fraction: (a)the`toaal `
<br /> amonnt o€the s�ms sec�d immediateiy¢efore the tatc�ng,divIded dy(b)t�e fair markei value of the Pcaperty immediatety '
<br /> before tbe-taldng.Aay 6alaaoe s�be paid t6 Borrower.In the evet�t of a gartial taking�oY t�e Propetty in wfush the fair
<br /> ', market v�[u�of tLe Propesty un� ia Pty befo�re the talting is less t�n the amoaat of tfle sum.g se�red iuu�ltatelj►before the
<br /> ta3�ng,adiess Bostawer ay�d L�ender otherwise agee in writing or:untess applicable law oiherwise pmvides,the pmceeds sf�nll
<br /> be appli�to th�:sams seaued isy this Securitg Instrament wheiher or not the sums are thea du�-
<br /> If the Property is aUandoned by BoJrower,or�if.aR�r aatice by Lender to Borrower ehai the ca�ndemuor offers to amke an �
<br /> awani or setUe a datm for'damage.s._Bnm�wer�s to�esgoud to Lender within 30 days aRer t�e date the nuaice is givea,
<br /> Leader is e.nthmizecl to aoItesx and agpty tbe praceeds,�iss aption,eith�r to cesto�on oT repair of We Pmgert3r or to t�e sams �
<br /> , ' sewiad b}r tbis Socurity lnstiume�t,wheiher or not then due. � .
<br /> ' Unless Lender and Bomnwer aahe�wisc agree ia arriting, eny��applicatloa of pmceeds to princ�pal�shaU not eatend or
<br /> � postpo�fe the due date oF tbe manihFy pajrmeats referred to inparagraphs 1 and 2 or cLange the amount of sach paycueats.
<br />. 11.BarrmREr Nat l�sod:PorBearan�e Bg Len�er Not a Watvet Eatension of t�e t�a for gay�or modific�un
<br /> , of amnrti7ario�of tt�e�nms a�by thiis Se�xuiry Insan�aieni granted by Le�der to any saccessor in Iuterest of Borrower a6a11
<br /> ,- not ctpefate tb reteas�d�e Liab�iry of the oag�ai Bamawer or Bomnwer's�sois in iaterest.Let�der s6aII aot bt reqnirad to
<br /> commeuee praoeedings against any suceessor in interest ar refisse to extend�me for paymeat ur otlzetarrse,mndify amortizatioa
<br /> • of the�s secured by this Security }hstnui�ent by reason e�any demand ma+de by tias original Borrower or Borrower's .
<br /> • �sn��s in interest.Any fotbearaao6 by Lender in exerci5ir.g aay�aght oi temedy �na;be a a+aiver of or preclade the
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<br /> --.-�--G[�c+'�ea�airy�for�y"._ _ __ _ _ .. _ . . ---�- -•- - -....--
<br /> ;.:�:�,', lZ.Soao��s and Assfgus Bound;Joi�i and Several I�abiltty,Co-sig�oer�._The wvenanss�rd agre�ents of this
<br /> . Security Iast�ument shall bi� and iseaefit the sncc�sofs a�d assigos o�Le�ter aIId Bomawea, subjxct to We pmvisions of
<br /> � P�S�Ph 17. Borrower's oovenants and egreements shall 6e joint ead seveial. My Borrower who c�o-signs this Secauity
<br /> , . Insuuatent but does not eaecate the Note:(a)is co-signing this Secnrity Iash�nme�only to mortgage. gr�nt and cnnvey tt�at
<br /> ' Barrowe�'s interest in tfle Property�nder the tersos of tius Security►I�su�t:N)is not personally obligated to pay th�avims
<br /> %� secured by this�rity�t;and�c)a8rers that�.ender ar�d any ot�e�Bon�wer may agree oo e�t�d.modifY,forbear or
<br /> � �.;�'�'. make any asco�modations wiih regard W We terras of this Se�uity Instram.�or the Note wrthoat tt9at_,.�: wer's consent.'
<br /> �� ` 13.I.oan Charges.If the laan secured 6y this S�y bos��s�'bject to a law wtuch set�. _' loan chaiges, .
<br /> _ . and tA.�.law is 5naliy interpreted so il�at the interest or esrl`�.c-�loan ebarges wllected or to be oollecteu�,e�con�ctica with the
<br /> ��. loan�,i�ed tbe permitted timits.th�4: (a)any such toan c��sha116e cedaood by,the aaicz�t r�eccs5aiy to�rateic�.s3ie cd�arge .
<br /> to th�I�ritted 1►mit;aad @)anjr sums already coIIecxed fcvm 8orrawer which exoeededl.{�e,.�nitte�li�aits will.t���nded to' ' .
<br /> Bu�cxaer. Legder may c�oose to maice this reCiind by r�ducing t�principal.owed ur�r!t�e I\at��r:by��a di�act �
<br /> .payment W Bo�rower. If a refimd reduces p"rinci�lal, the reduct�on will be treated a9 a pztti� �,�yment wlthoat any,
<br /> � �. Pr�aYment charge Gm1er the Note. . • .� . , :, ...
<br /> � 14.Kotic�s.Any notice to Borrawzr pruvided for in tbis Secutiry t*+�*+�+�!±*'shali b�j�d��n by�+�:�"vering it or by mailing
<br /> � it by first class mai!anless applicaE�e taw requires use of anotlier methad.'The noiice sfiall•1��ki:�to the Pmperty Address�� �
<br />' ' or any.other address Borrower designates by notIae ta Lender. Aay nodce to Lxnder shait be-�ipe�dy fust class mail tv
<br /> I.endrr's address stated herein or any other address Lend�er de�ignates by notice to Borro�er:1�ny�rXuc�. mvute�for in diis
<br /> � • Sea�rity Iustracrient shall be deemod to 6ave been given to Borrower or Lendex when given as provided ia;fi�pasagraph.
<br /> 15.Gov�rning �w, Sevssbiftty. This Socurity instrument sball Qe,governcd tiy federal'�'�.1rr:.;esd, tde law of�tiia
<br /> � : ',}aris�?ct�np In w�ich the Properiy is tocated.In the event that any pmyision or clause of this Socurity lnsirum�t ea obe Note �
<br />. �rac�ir.�s��:ith ap�Dllcable law,such confliR shal�`not affeci ut�pmvisions of this Sec�nity Idsoivmem oi the Nfl*;;i��3�,h�an be
<br /> � give�c�c without the oonflicdng pmvisian.Ta this end Q��j�cov�sions of this Secvrity�nstrumerit and the Nc►t�rt�:�oclared
<br /> ,W be severable. � . .
<br /> 16.Bor�uwer's I:+npy.Borrower shaU�e��,�,�i one conformed capy of the Note and of Uus Se�ri�;,'�.�nstrumtnt.. • .
<br /> ��..,. �i.ir�asfer af ihe.�ruperty or a l3ca4f,`u�t+�ntec+est tn Borruwer.It a!1 or eny part of the F�y or auy interest in it �
<br /> ;i�.� .is so2d br traasftrred�(or if a benefisial interest"t�Sorrawer Ls solrl or transferred aad Bom�.�er ia not'a matural person)without
<br /> --- - LeadePs p*ior�wcitten e�n�;eent.I�cter maY, at.it� optibn. require immediate�}r�i Q'�=s :u}l vf a�j soQns sec�aad try t�s
<br /> �ecamty Instn�ent. tIbwevei,tivs aptian��half not 6e eaercised by Lender if exercise�s p�vhiHited by federa!1aw as of the rJate �
<br /> ., , of this Sccurity insttument. ' . � . • .
<br />_ '� � tf 1.ender ezercisac th�s option.F�der shall giee liorro:ver nntice of�eSeiatioa.'1�e aodce�;�rovsde a perioA of noE
<br /> '��ti,;: less t[�n 3fl dajs.from the date the notice is delivered nr mailed withitr u9�;b Botrower must pay�l sums secured Hy this
<br /> ,. Security Iasuuujent.If Bonowet fails to pay tiiese sums prior to the expiratYOa of ftils period,Lender may inv,oke any remedies �
<br /> �, permitted b tTua Security Instrument without funher nodce a��mand on Boriower. � �
<br /> � . 1��. �we�'s Rl�Lt to Rdnsfate. If Horrower m� certein conditions. Borrower shall have tUe.c���to have
<br /> eafoYtiement of tBis Secur�ty Instntment discondnued at any[imc prior to the earlier of: (a) S days(os sucb dS�er'period als • •
<br /> epplfcuble law mry apecity for reinstatement) b+efore sxte of the Propert}r putsuant to ang power c�iF,faIe aor�tained in this � �
<br /> ' Security Instn�ment;or(b)entry of a judgment�orcing this Securtty Inshument.71wse eonditiotLS ate.[1�at 8ormwer:(a)pays .
<br /> ��, I.ender al1 sums which then would be due u�`�.this Secwity lnstrumeat aad the Note as if ao accelerat�on had occvm�; (b)
<br /> • cures airy defaailt of any dther covenants or ag�9emems; (c)pays atl expenses incarred in enforcing this Security Iristrumem,
<br /> , inciuding,but rcot limited to.r�sv.aable attomeys'fees;and(d)takes s�ech act�on as Lender may reasonably require to essure
<br /> that the lien of this Security Yasmiment.I.errdes's ri�hts in the Properry'�Borrower's obligarion to pay the sums sGcurecl b
<br /> ti�is 5ecurity Insm�r,�nt shatl continue urichuvQ:3. Upon reinstatem�ttt by Botrower. this Secuaigy Insuument and t8e
<br /> obli�ations sccured�Cby shnll remain fully et�ectiae as if no accelere6a�l4ad occutred.However. tL•:s right to reiastate shall
<br /> � not apply in the ca'se of acceieration under�mragrar�h 17. � � .
<br /> • 19.$ale.o!Note; Change o!Lonn Servicer. 'Ibe Note or a partial interes►in the Note (together with this Security
<br /> Insuumenty may bc sold one or more times without prior aadce to�orrower. A sale may resutt in a change in the entity(known
<br /> as the"Loan S:�rvicer")that oaflects monthly p�yments due ander the Note�nd this Se�rity insuument.Therc also may 6e one ..
<br /> or more�hanges of the Loan Servtcer unrelated to a sale af the Note.If there is a change of tiw Loan Servicer.Bosrower will be."
<br /> givea anitten not�ce of the change in accordance with pare,graph 14 above and applicable taw.The notice will state the t�am°and �
<br /> address of the new Loan Senricer aad the address to�vhich payraents shauld be made.?he notic�will also cantain any other ."
<br /> , .informatian required by applica62e law. -
<br /> � 1A. N�rdous 5ubstutct�,$v�rawer shall not rause or pemut the presence, use, disposal, srorage, or release of any� -
<br /> Ha�raxdous Substanoes on or in the Propeny. Borro�ver shnll noi flo, nor allow uryone else to do. anything affecting the �"' =-
<br /> Property.that is in.violatian of any.$nvinonamentat Law.The preoed'nng two sentent�s s1�al1 ns�t aggly tfl tti2e presence,nse,or . .,
<br /> "s[orii�e oh[he pro"perty of smal�quan6�es�of Afaiardous Su6stances that are.gener�aiiy recognized to be appropriate to normal
<br /> , residemial uses and to maintenance of tfie Pmperty. . � �
<br /> ' ��, �_
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<br /> . ve�n a m a . Form 3028 8/90 =
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