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t :��:.� � ' . '� .� I� - - - _ . __� . _ �. � �, - - .. _ ...w,s��W. . ., _ ... ----------- --- ._ _..... . .... — -- ssbsipntielly e.n,uivalent mortg�ue lnsurunco coverage ia not Availnble. 8orrower shall y to Lender each month n�sum cqual ro � n nu one•tweltth af tho yearly mott�a b insurunc�premium being paid by�3orrawer whsn t insurnnco coverugc tapscd as ce�cd uf� - be in effc:tt.I.endcr�vill nogc�t.�se nnA reudn these pnymencs,na n loss reserve in lieu af martgAge lnsumnce. Lass rescrvc� Nnyni�nts may aa longrr bn m�}uhed,nt the option of Lendcr.if mortgaga Insururtcc covcrngc(In the umaant and for tlic perlal , that Lender requires)pmvidcd by an i�surcr uppmvai by L.endcr nguin becomeR uvuitablc und is obtnined. baerawer Rhoil tho premiums requlrad 1.a maintain martgugc insurunce in effe.ct.or to pmvide u losn n.scrve.undl the requimment far mort� insurance enda in accordsu�ce wlth any written ngrecment betwe�n Borrower nnd Lender or uppHcut+le luw. 9.In�pectWn.Lender or it�egent may mnko rcusohablo entrtes upon und in�pectiana af thc Praperty. Lcnder shall g Bacratver notic�nt t6c dme af or prlor to an inspe�tian specifying rcasonable cuur�e far the inspection. 10. C011t{Cii1t1a1I0A. The pmcetds of r,ny nv.,arcl or claim for dnma�ex. direct ar consequenti�l. in canne.ctton with - cundcmnadon ar other taking of any purt of the Froperty.ar for rnnvcyaince in lieu af mndemnatian.�re hemby�signed ahali be pald to Ixndar. In the event of u towl tuking of the Propezty.the proceede shull be uppllat to tho wwms sccuced by this Securiry Instrument. whether ur r.ot then due. with any excess paid to �ornower. In the event af a partia{ taking of the Propeny in whic�the fair market value of the Property immediately beforc the taking is eyua!to or greater thun th�umount of the sums secured by this Security Instr�ment jmmcdiatcty beforc the wking. unlcss Borrower nnd I.ender othenvise agrea in wrlting,the sums saured by _ tlua Sci;u�fty 3�Fst�u�i�d -at,nii t,c r�..�luces! by !h� s�.�nt of rh�+n�er�la multtglied bv the followinit frnatlon: (A)tho totsl . _ amount of the sums secured 9mmediutclY befon tho tuking. divided by(b)iMe fair marlcet vulue of the Propc�ty immauutety befarc the takisg. /�ny baluace shatl be patd to Bocrnwer. In the event of a partial taking of the Propetty in which the fetr market value of the Property immedlately before the ceking ia less than the umount of th�swns secur�ed immeaistely befone tha takiag,unless Bo:rower aad Lender otherwise agrcx in wdting or�nlesa appljcable law otherwise provIdes.the proceeds shall be applied W the s�uns satued by this Secudty Instrument whether or not the sutns are then due. If the Properiy is abaadoned by Borrower.or if.after notIce by Lender to Borrnwer that ttie condemnor offers to malce an award or seule a cloim for damages,Borrow�r fails to respond ta Lender wlthin 30 days after the date tko notice is given. �.,ender is authorizect tu oollett snd apply tha pracccds,at its option.either to cestoration or repair of the Pmperty ar to the sums _ secured by thfs SecurIty Insuument,whether or not tben due. Ualess L,ender und Borrower otherwise agreee ia wrlting, any applicatlon of proceeda to pr�ncipal shall not exund or postpone the due date of We monthly paynients referrod to in puagra�ph�s 1 and 2 or change the timount of such payments. 11.Borrower Not Relepsed;Foeba�rance By I.ender Nnt a WAiver.Eatension of the time for payment or moditicadon of amortizatlon of the sums secured by this Security Insuuraent granted by Lender to any successor in interest of Borrower sbell not operate to release the lfability of the orlgina!Borrower or Horrower's successors i�interest. I.ender shall not be required to com�nence prooeediABa against eny successor in interest or xefi�se to extend time for payment or otherwise modify er�wrtizatlon of the swns sccured by this SecuritS' Inat�un►ent by reason of any demand made by tho original Borrower or Borrower's successorn in interest. Aay forbearance by Lender in exercising eny dght or nmedy she11 not be a watver of or preclude the exerctse of any dght or remedy. u. guocessore and Assfgps Bownd;doint and Several LiAbtllty; Co-sigmre.Tlie ooveaante aad agneementa of tuis Security Inssnunent shall bind and benefit the aucassors and assigas of I.ender and Borrower, subJect w the provisions of paragtaph I7. Borruwer'� wvenents and sgr-c�;m�is &tsa!! bc jcsint � sevessl. Aay Bors�a!�u who c��lgm+ this Secudty _ Ins�trument but does aot executa the Note:(a)is co-signing tdia Securlty Inshument oWy to mortgage. grant and convey that . Borrower's interest in the Property w�der the terms of thts Securiry Instniment:(b)is not petsonally obligatod to pay the sums secu�ed by t►iis Security Instrument;end(c)agrees that I,eader and any other Borrower may agree ta extead,modify,forbear or make a»y aecommodattoas wit6 regazd to the tem�s of this Securlty Insuument or d�e Note wIthout that Borrower's consent. 13.Loan Chnrges.If tho loan secural by this Security Inswment fs subioct w a law which sets maxlmum loan charges. and that law is flnalty interpreted so that the Interest ur other loan charges coli�or to 6e collectal 3a connxtlon with�te �oan�ac�eod the permitted i�mits,then: (a)any such loan charge shall be reduced by the amount to reducc the charge w the permitted limit;and(b)any sums already coll�from Borrower which exceeded permitt�ts wiU be refundad to Boraower. I.snder may choose to uiake this refiuid by reducing the princ[pal owed under tha Note or by mal�ng a dIroct payment to Borrower. If a refuad reduces pdncipal, the reduction will be tceated as a partiel prepaymene withaut eny pnpayment ettarge emder the Note. 14.11Tottces.Any noticc to Borrower provIded for in thls Secudty Insuucnent shall be siven by delivertng it or by malling it by 8rst class maii unless applicabie law rcquires use of another method.The nodce shall be directed to the Property Address or any other address Borrower desi�nates by notice to Lender. Any notice to Lender shall be gtven by first class mail to I.ender's address stated herein or any other address ixnder designates by notice w Borrowcr. My notice providod for in this Sa.vriry Instrument shall be deemed to have been given to 13orrower or Lender when given as pruvidal in this paragraph. 1S.Governit�ft Lnw; SeverabWty. This Securlty Insmunent shall be goveracd by federal law and the law of th� jurisdtcdon in wbich the Pcoperty is located. In the event that any provision or clause of this 5fecuriry Iastrument or the Nute conflicts wttb appiteable law,such confliet slu�p not affect other provislons of thIs Seeurity Insuument or the Note which can be given effixt without tho oonflicting provision.To t6is end the provisions of this Security InswmcIIt and thc Note are declared to he�saverable. '1d.Sorrowa's Copy.Borrower shall be�ven one canformed copy of the Note and of this Security U�stn�ment. 17.Trauafer ot the Property or a Bsn ctal Intee+est in Borrower.If ali or any part of the Property or any interest In it is sold or transferred(or if a tieae�icial interest in Borrower is sold or transferred and Borrower is not a nawrn!peison)wtthout 1xn¢�r's priur written consent. �.ender may, at its option, require immodlate payment in full of all sums se�urod by this Secudty Ynstr�raent.However.this optlon shs�ll not be exerctsal by Lender if exercise fa prohlbited by federel law as of the dete of t}ils Securiry Instnirtient. � If Lender eaercIses thie opdon.Lender shall give Bomower uotice of sccelerarion.The rtottce shall pmvide�period of not leas Wan 30 daya from the date the notice is delivered or mailed within which Borrower must pay ati sums secure�l by this Securtty Insttument.If Borrower fails to pay these sums prior to the expiratton of this period.I.ender rtiay invoke any remedtes permittcd by this 5ecuricy Instrument without Porther nodce or demand on Bomower. 1$. Borrower's Wuht to Reinstete. if Borrower me�ts certain conditLons. Borrower shall have the dght to have enforcement of thfs SecurTty Inatrument discontinued at nny time prlor to the earlier of: (a) S days(or such other perlod as applicable law mey specify for ret�wtement) before sate of the Property pursuent to eny power of sale contained in this Secur�ty Instrument:or(E)entry of a}udgment enforcing this Socurlty Instn►ment.Those conditions are that Borrower:(s)pays Lender all sums which then would be due under t6Is Security Instrument end the Note as if no acceleration t�ad occurred;(b) cures any�default of any other covenants or agteements:(c)pays ail expenses incurred in enforcing this Security Insteument. - including,but not limited w.reasonable attomeys'fees;and(d)takes such action as Lender may reasonably requ�re to assurc that thee lien of this Securtty Instcument, Lender's dghte in the Property and Bprrower's obligadon to�ay the sums secured by this Security instrurment shall oont[nue unchanged. Upon refnstatemem by sorrawer, tms secanry msm�meni and ine._ obligauons sec�emci hereby shap remain tLlly effec�ve as if no aoceleration had occurred.However.this dght to reinstate shaU not apply in the caxe of acceleration under paragraph 17. � 19. Sate of�iote; Change of Loan Servicer. The Note or a partial inte�t in the Note (together with this Securlty Instrument)may be sold one or more tiines wtthout prtor notice to Borrower. A sale may resutt in a change In die entity(known . es the"Loan Sorvtcer")that collec:ta monthly payments due under the Nuie rutd this 5ecurity Instrument.There also may be or►e _ or raore changes of the Loan Servicer unrelated to a sale of the Note.,if tl�ere is a change of the Loan Servicer.Bomower will be � gtven written notice of the change in�ccordance with pnra�raph 14 above and applicable taw.The nottce wilt atate the nnme and addrcss of the new Loan Servfcer and the address to which payments should be made. The notice wfll also contuin any other lnformatton rc;quired by applicabl�law. 20. Ha��rdous Substnnces. Borrower shsill not cause or permit the presence. use, disposal. storege. or rele.�tse of any Haznnious 5ubatances on or in the Property. Borcower sha[I not do. nor ellow unyone else ta do. anytl►ing affecting•tltie Propetty that Is in violatlon of any BnvimnmentW Law.The prereding two sentences shall not apply to the presence. use,or storage on the Property of small quantittes of Haz�udous Substancos that are generally rerognized to be appropriate tn normal residentinl uses und to mntntensmce of the Property. Peoo�ot 4 Fotm 3028 8l90