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<br /> _;�`r`���..,<.:���'�� substanw�!!�equivalent mongage insurance wverage is not av�'lable,Borrower shall gay tv I,ender each�nth a sum equal to . -:
<br /> - • : : o�twe�fth of tfis ye�lY mortgage iasuiaarz premium bemg p�d Fay Barrower wflen the�n�ce cavecage tapsed ar ceased to- _ <.�
<br /> , ` '°..<;�': . • , he in effect.Lender wiU aa:ept.use and r�tain these payme.nts as a los§�re.serve ia'licu ot`moitgage insuianoe: Loss mserve.. i .
<br /> _ � . ,` • pay�etus may a�lornger 6e retNired.at th�optioa of 1�ndea,d mortgage insurdnce coverag�fw tlie amoant and for the period ',;.•
<br /> � � �`� a that Lender requires)Provided by an iasurer a�ptoved 6y�er again becnm�availabte and is a6tained.Bortowet sLaU pay tr
<br /> � . .<.. , the premiums�equired to tpaintaia ut�rtgage iasuaance in effecx.oz to provide a toss reserve.unnl tf�e mrquirement far mortgage •;
<br /> " � .incu�ance ends in acca�lance wit�'�eny written ageement between BAaower and I:ender or applira61e lacv. � `,
<br /> � '' ��� .' � 9.Ynspec�dnln. Lender or iu agent may make reasonable eatries agan and inspecxions of the Propeity.LEnder shalT giye , ,,;
<br /> :•';�,.; .,��.';-��.:�� 8orrower notiee at the time of os pdor to aa insgesEioasp�ifying reasonabte cause foi the inspecaon. � .. ��
<br /> � ' 10. Cond�usttoa.The proceeds o�any award or c1a�m for dumages,direct or cunseqaential. in coaaettion witb azry :'`
<br /> ---'•. ,���,-.- ..;'` •, �. oondemnation or oth�r taking uf any part of the Property.or for conveyanoe in lieu of coadeamanon,are heveby assigned and. ,.� ;
<br /> �sha11 be�paid to I.endet. - ..
<br /> — ;'' ... � - In the event of a.total taking of the Propecty.the grocceds sh�li be applied to the sums seau�d by ti�s Security Imst�umeot, .
<br /> -- : ��;�� whetfiet or not then dae.wiN aay excess paid to Borrower. In the event of a pardal taldng of the Property in which tice fair
<br /> ' y,'r�..; market v�lae of the Praperty immediately 6efore the taking is equal to 6r greater than td�e amount of the sums secuted tiy this ,
<br /> �' �. Securiry Insuument immediatety before the taking,u�iless Borrower and Lender atherwise agree in wrian$;the sums secared by
<br /> ��,,`.-'��' ' tt�is Secvriry Insarument sha11 be redaced by the amount of the proceeds.multiplied by the folloaring fraction: (a) the total
<br /> �,' ...'��;' ��(�° ;; amonnt of the$nms sec�red immediasely hefore ti�taidng,divide,d by(b)the fair marlcet val¢e of the Property immediatelY .
<br /> � u' '` ' . befor�the tatdng. Any balanae sball 6e.paid w Borrotire�. In the event of a partial taking of tfle Property in wluch the fair �,::
<br /> _ �'':.� market vatue of the Pmpe�ty immedistely before the taking is Iess than the amonnt of the sums secured i�iatelY 6efore ih.. ;.w�,;r
<br /> �� �:. '` :��:, "�;.;. Eaking,untess Sorrawer and Lender athernise agree in writing or nnless appl�cab2e Iaw otherwise provides,the praceeds shalt
<br /> � be applied to the sums secvred by this Security Inshument whether or not the sums are then due. • ' ':
<br /> �..:" :. �;`'`�.�.`i,'•.�� .If the Property is abandoned by Bomuwer;or if.after notiae(ry Lender to Boirower that t�e condemnor offers to make an ., �.
<br /> ��,� ..,,: ,,� awnrd ot settle a cl�m f nr d a m a ges.B orrower fai ls t o respon d t o Lender within 30 da ys after the date the nouce is giveax, :�"� -
<br /> ; �4�.,� .'. `;. -�� I.ender is authori�ed w collect and apply the pracceds,at its option,either to restoratioa or repair of the Properry or to tfie suffis �;��:-
<br /> secured by this Sacuriry Insuvment,wflether or noi then d►ce. � ��'`
<br /> �.,,` `.",`.��,•:� • '':: " Unless I.ender and Borrower otherarise agree in writing, anY aPPU�tion of pmaeecls to prinripal shall�eatend ar ,
<br /> -.�� ' , : �• : . postpone the due date of the.mor�thly payments,referred to in paragraphs 1 and 2 or chac.��f te amonnt of such paymenZs• "_•�
<br />_- • :.�.:,. ,
<br /> - • �,- � � 11.�orraw�iVot Released;Trorbear��l3Y Lend�Not a WaivQr.Extensiont��the;ime fne�aYa�ent or modifiratim� . ; ; :
<br /> `�"' =-:':;:•: ` . :•.�� . . .. _ .
<br /> .: . . ..<,-:.----.-L-::. . . . af aa�ortizaaoa�af�a,e sums�secumd by tWs S�-.:.��r�nswmgni granted b�.��ender�m��successo�nm rs�re�t of BQl;owet_sha�h;�;�.:.. _..�;-
<br /> : . • . no►operate,m;�Sease the lia6ility of the origi�I Eohowes oz 16ortowec's�ccessoss�a�terest.,�'t��siu�11 not be required t-s°,,-' L�,'..
<br /> - � ��°�� �`'• '•• -'-' � succe.ssor im iuteres�o,fr���se w e�itend time for ��ie�i or attte�rise madifY�-ort�� =:
<br /> � .; ,, -v�r., co�m�oe pmc�din8s against'a3Y , iten p._ .
<br /> .''' ,, �:. of�sums s�cared by this:�acunty Insbumeat by te�sre�a�sf any demand made �7j�.da,, origural Bonower o�"�:.-`rrower's �`•:=�-
<br /> _ _I',�:�' snceessois in ititeresi.Any fo�2arance by Lender in exa�cc�ag�►y right or remedy s7�af�not be a waiver of or tp�r��lude t�e� . �>
<br /> _ exeic�se af any.ri�or remedy:." .
<br /> �` ..;, ��...
<br /> `. �...�;�` IZ. Snce�sirs aa d A s�igns Bo a n d3 dm i n t aa�l S ev�I L i a b�i�,q;C o-s i g n�e r s. T(i e c o v e n a�i•a n d a g c e e m e n t s o f c h�5 .: �^�r�
<br /> . ., �
<br />- � ` `�-: Seco�a�! �nst�mtent shaU Bind aad benefit the saccessots.�assigcs ea�Leader and Borroiuer, �.�t to the gmvisians o� ' -�:__
<br /> ' ,��,.:.:;.;;;.,r ,..,�, � �U � �:>:
<br /> 's` ��.Yi%i����,.:�'..r':.` ,..
<br /> ` � `' � h 17. Bomower's cov�ts and agreements s�,�1'.:�}aurt and sevetal. Aaey�irrower F�za.oo-signs d�is Se�uity -
<br /> P��P. �:�.--
<br />—� <<'i:���v r.'-.:� ,�•_ . i*�•-�,�*-+t but does not ex�R�.:Nate: (a) is co-s igafab c�v s Security Instiumrait o�y to m 4 rt g 2�:•g r a nt an�oonvey ttiaai �_v
<br />�a■�.. ,,i."1�'s;�,,�; ,.,.;�: Borrowes's interest irr the Pcop�y mnder tbe terms of this Security Iasuument;(B)is nnt persoiwlly c�bl�ated ta pay the sums �.:_---.
<br /> f:�,t .
<br />� ; .� f�.�,:' , s e c u r e d b y d u s S e c u r i t}r I n s t n u n e n t•a n d(c)a g II e e s that Lender and a�r other Borrower may agree tq ext�d,modify,forbear o� :�°°==
<br /> -=�.-�"f"�' �__�
<br />=:�:: .• . ' _. make aay accommadat�ons with regard to the te�ms of this Secnrity Instrumem or the Note wittiout that Borrower's consen� �,,;�_�
<br /> a � ' �, �'r, 13. I,pau Cbarges.If the loan secur�eA by th�s Securiry Insbvment is subject to a Iaw wttich sets maxi�nuai loan charges. _
<br /> -�''"I ;'�" '`''� aad that taw is finaIJy interpneted so thae the interest or other.loan charges collected or to be collected in connection with ths =._
<br /> r���?•��c -�" loan exceed the permitted limits,then:(a)any such toan charge sha116e reduced by the amount necessary to reduce the charge = _
<br />- -�':�;:� .,:__,,•�.
<br /> +�-';,.:, :�� ,;f:` :w the pemiitted limir,and�(6)anY sums already eoltected from Borrower which exceeded permitted Iimits will be refantted to _
<br /> � Boaower. Lender taiay chaose eo�inalce this refund by reducing_the principal owed under the Note or by making a direct �.
<br /> �r.f� "��`�' ""§ a ent to Borrower. If a refund reduces principal, the reductlon wiA be treated as a partial prepayment without any
<br /> ".::kS'-.;i.:�f•.'�y P YTn ' ' _
<br />�' • prepay�rteut charge under the Kote.
<br /> ,`�..�;t;<'�'u'`•� � 14.Notices.My noticc to Bonower providtd for in this Security Instsument shall be given by delivering it or by mailin�
<br /> — �""�= f•`���•x ' it by fir�t ciass mail unless appltc�ble law requires use of another�etBod.The nodoe.shall6�directed to the Property Address
<br />,��.���,�,
<br /> --�=a�;;,?��_�_..a� or any ather address Sflrnswer designates by noeice to l.ender. Any notice to Lender shall he given by first class mall t,o
<br />_ =���� Lend�r's addness stated herein or any other address Le�der designates by notIce to Borrower.�Any ttotice provIded for in this .
<br /> �„c,�,,,:s�� Securiry Instrument shall be deemed to h�ve been givea to Eorrower or Lender witen given as provided in this patagrapt�.
<br /> °;� IS.Gnveraimg Law; Sever�biUry. This Security Instrament shall be govetnet! by federal law and the law of the
<br /> �"'�"' jurisdictiun in whic9�the Propetty�j is locawd.In the event that any pmvision or clause of this 5erurity Iastn�ment or the Note _
<br /> �a'J�j �l
<br /> '`'X ' conflicts with applicable law,such conflicL shall not affect other provisions of this Security Instrumeni or the Note�vhich can be
<br /> ;�.;�_`;,:•..',,�`
<br /> given effect wiWout the conflicting provision. To this end the prov�sions of this S�uity Insb�ument and the Note are declared
<br /> .,.;� .�ir•�'. ' � tobeseverabte.
<br />- � 16.Basrower's Copy.Borrower shall be given one canformed oopy af the Note and of tiils Security Instnunent.
<br /> '`� .:�� .�t � 17.Transfes of the Ptoperiy or a Benet4ctal Interest in�orrower.If aU or any part of the Property or amy intemst in it
<br /> � �*�,�'� , is sotd ar t�ansfemd(or if a benefiaal interest in Borrower is sold or transfemEd and Borrower is not a natutal person)cvitho.ut
<br /> , ��. �.�:,
<br /> rf������^�''�°•�:�.� ? Lender's prior written oonsent, Lender may. at its option. reqnirc immediate payment in full of all sums secured by this
<br /> �,,�='?;;�r;;;;:','� Seeurlty tnsbument.However.this apdon shal�not be exercised by Lender if exercise is prohibited by federal!aw as of the date �
<br /> �' , ,c;=:.*�,,r�-.- of dtls See!►rity Gisttument. —
<br /> ;�' �� ��: � If Lender eaercis�thls o tion,Lender shall ve Borroaer notice��acceleration.The notice shall provide a period of not �_
<br /> �::-'�.�::�, ' P P�
<br /> ���wk+: . ��,��.-� tess tban 30 days f¢nm the date the notice is delivered aa raailed wiai�il^s w3rich Borrower must pay all snms secured by this
<br />- 'x���' � ���:��*'.: Sa�iry lnstrument.If Borruwer fails to pay these sums g:�to the expiradon of this geriad.Lender roay invoke aay remedies =_
<br /> . °':ii�r-s:. .n,�r_.
<br /> ,;�� „-.. per•^-...itted by this Sec�rity Inswment wIthout further notice cr demand on Borrower.
<br /> �° ._, ,:?:. -= ' I8. �are�owes's Ltisht to LteiaState. If Sorrower meets certain conditions, Borrower shall have the right to have __
<br /> , • �'µ'� enforcement of this Se�urity Insttument discazttlnued at any dme prioa to the earlier of: (a)5 days (or such otIIier period as _ -
<br /> ' ". ' applicable law may specify for reinstatement)before sale of the Properry pursuant to any power of sale coniained in this ���
<br /> 'V _ � ` �,:;.: � _ Secunty Insttumeat;or(b)entry of t�judgment enforcing this Securiry Instrument.'fhose co�itions ate that Bonower:(a)pays �':'�
<br /> Lender all sums�vhich then wauld be du�uisder this Seeurity inswment and the Note as if no aceeleration had occurred;(b) _
<br />�, • �� ::x. ' cures eny default ofany other oovenants or agreements; (c)pays all eapenses incurred inenforcing this Security lnstrument. _
<br /> ' � � incIuding.but not limited�to,reasonable attomeys'fees:end(d)takes such action as Lender may reasonably require to assure
<br />_�'�, � �' ��;;,���..� that the lien of Wis Security instrument. Len�r's dghts in the Property and Borrower's obl'igation to pay ihe st�ms secured by .: .
<br /> j,., _,:; this Secwity Instrument sball continue usc�ianged Upon reinstatement by Bomower, ttus Security Insttument and the
<br /> _ ;�.,� � o8ti�adons secured hereby shall remain fitlly effecfive as if no acceleration had oaurr�l. How�ver.this rigt►t to reinstate ahall
<br /> ��;.. •
<br /> _�- •��r�,,��;;: ��;�:..•��� { ` ant•�Dly in the case of acoeier�r.:Cian under paragraph 17.
<br /> . I9. 5ate oY Aiote; LY�ag�s of Loan Servicer. The i�o�: or,a parcial interes� in�the Note (together witCu riiis 5ecurity
<br /> � � ` � Tnstivment)may be sold e�.e ar more times without prior natice to Bom�wer.A sate may result in a change in ttte�;eity(known � --
<br /> � ', `"01 as the'Loan�cavco�r,")ct}a¢obllects montlily payments due under the ri'a�and this Security Instrua�t.There also may be oae
<br /> ' ';�yi.,... . ' '� or more change5 aC�ica ta.r Scivicer unrelated to a sale of the Note.If'i�re is a change of the L.aa���rvicer.Borrower wili� .
<br /> e
<br /> : '�,b�,;t ':.' given written not�ce of the d�,u�;e in accordance with parabraph 14 abave and applicahle law.7'he ncace will state�he name�c',.�d ,
<br /> ',: ;,�;;};zy�. ' ,, � ad�'ress of th�new Loan Servir.�t and the address to whi.cL�.payments shoufd be t�v�i.>. The notice will also coaa�air.any otIYer ,;�;�r<;
<br /> � � information taquired 6y appli�'ote law. ' • •.
<br /> , ; . ..
<br /> . � • 7A. Razardous Sabstanccs. Borrowet shall noi caus�or permit the presence, use. disposal. storage,or r�lease of any .
<br /> - - -,--�:,_.._. __ _ � �iar�hni�Sui:staucxs on or in t#e Pro�erty. �rrow.,�r shall �da, aur altaw as►yane�Ise !0 8u, a�y�thing affecting�te. �:`
<br /> , � ..�,.a Ptoperty that is in vioiation of any Environmental Law. The.prc�ceding two sentences shall not apply to the presence,use, or �
<br /> .. • � . . • storage on the Praperty of small quantidcs of Hazatdous Substances that are generalIy recognized to be appropri:aze to normal •
<br /> - ' �� • . � residenteal uses and to mamtenance of th�Property. . •
<br /> .. � .vayo a o�o Form 3028 9J90 't �
<br /> �,�, .
<br /> .. • : .. �
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