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<br /> subst:�itia4y eyui�•alent nx+rtFage in.�ura�xe caveiage is nc�t availcible, Borrow�r stwll Eu�•t�,l.eix!rr rarh nx�nth a+um eyua!to
<br /> ' unc-twcl�th of thc}�carly nx�rtba�e insur�uue premium lxing payJ hy &�rrc�v►rr when the insuru�ue c���•erage lapuyl nr�e.:�ce�1 t�
<br /> h.in efle�t.l.erxie�will�e}u,uK:���r��ain th:sc�ayments ati a lo�� �Y�en�e ui lieu of mcmRagc iiuuruixe. 1.���.� rc�rvc �
<br /> � �yn►entti m►y �tin lungcr be reyuirc�,at thr�ti�iia��of l.cnd:r.if nxutFage insurance����eragc(iu thr�►�wutu ur.� t'ar the Ixria! —
<br /> tf�t Leixltr reyuires)ptuvideJ t.y an in�ur�r ai��r�n'cxl by L.cnd�r a�am hc�:��nxc available wx1 is���:tinrci. liorruW�er�Fwll pay �
<br /> 111C N�c��Uili�l.::.quir:.!!o m:.�in!xi�+��rt�+�Qe i►uurs�k..in cffect.��r t�•p���v�.le a lass rc�en�e,uittil the rey�irente�tit f�x nx�rtgage `.
<br /> � insur�r►:e endc in+ucorJaixe w•ith a�ry written agreenxnt k+etw•c�en Barrower and I.ender or appiicuuir taw. � �
<br /> 9. Iuspertlou. l.cr,d�r c�r its agent nu� m1l•e res.u�iuble emries upon�nd inspectio�u af the Propeny. L.euJer stwll�ive� !
<br /> &;rruwer�x�iice�i the ti�r�of ar priar t��an inspecti��n�(+ecifying re:tscmabte cause for the inspzction. G
<br /> c�ndelmnad n or a[her wiiii�E+�ny pan�c`f tti t'rnperty ur Curfms►veyat ce in lie tu{rcwulecywati�n..^.r:hcl�h lioni�w��H�� !
<br /> slwll bc pzid ta l.cnJer. . � �
<br /> [n t{k c�:ni of a t�zlal tal:ing oF thc Property.the proccals�hall t�e apP��tx1 to the sums serured by this Sc�urity Instt'umcnt,
<br /> whether or�wt then due, w•ith any excecs pa�d ta Borrow•er. In the event of a partial tuking uf the Prop�.ny in wmci� ci�e faii �--
<br /> market v,�fue of thc Prop:.rty imntediately before Ihe taking is cqual to or greatcr than tlle anuwnt uf thc sums serurod b�� this
<br /> Securiry Insttument immadiately befote the tal;ir.g,unles.�Borrow•er and Lender athenvise agrec in writing,thc wn�.c sccurcxl by
<br /> this Securi�y lnstrument shall be reducecl by the amaunt of the proceecls multiplial by the fatlowing fraction: (ul thc total
<br /> ama►nt of thc sunu secut�ed immedi:uelY before the taking, divideci by (b) the fair marl�t value of the Prapeny immedi�tely
<br /> bet'ore�he taling. Any balance shall be paid to Borrow•er. In the .^.vent af a partial taking of the Prnp�rty in which the fair
<br /> market v�lue of the Praperty immediately before the taking is less than the anxiunt of the sumc sccured immediately before thc
<br /> ta{:ing, unless Sorrower and Lender otherwisc:agree in writing or unless applicable law otherwise provides. the ptoceeds shaU
<br /> be applied to thc sunu secered by this Security Instnrment whether or�wt the suuis are then due.
<br /> If the Property is abandoned by Borrower,or if,after notice by l.ender ta Borrower that the candemnor offers to make an
<br /> award or settta a claim for damages, Barrower fails to respond to Lender within 30 days aftcr the date the notice is given,
<br /> Lender is m�thorized to collect and apply thc procE�ls,at its aption, cither to restoration or repair of the Pcopeny or to the sums
<br /> securcd by this Security lnstrument.whether or p��t then due.
<br /> U�iless Lender and Borrower othenvise ��ce� in writing, any application of proceeds to principal shall not extend or
<br /> postpone the due date af the monthly payments re�ernd to in�aragraphs 1 and 2 or change the an:ount of such payments.
<br /> 11.Borrowec Not Released;ForbeprAace By Lender Not s�Wui��er.Extension of the timc for payment or modification
<br /> ag�n;,�s;a�;cn ef thP s��,r��ecured by this Security Iruwment granted by Lender to any successor in interest of E3onower shall
<br /> not operate to�rlease the liability of the original Borrower or Bo:rower's successors in inceresc. IxnJer siuil►�.s�:r'.-:f�w��
<br /> commence proceodings against any successor in interest or refuse to extend time for payment or othecwise modify a�nortization
<br /> successo n in er��t.bAny for�bearanceJbytLec�der bn exr ere sing any Shf or�remedys hallenot bena wtiver of orrpreeludeethe
<br /> exercise of any riAht or remedy.
<br /> 12. Successors ond As.sf�ns Bouad;Joint and Several Liability; Co-signets. The covenants and agrcemenu of this
<br /> S�curity Iiutrun�ent shall bind azd benefit the successors anc assiSns of i.ender and Borrower, subject to the provisions of
<br /> paragraph t?. Borrower's cavenutits and agreements sha11 be joim anct several. Any Borrower who co-signs this Security
<br /> Instniment but does not execute the Note: (a) is co-signing this Security In�ttument only to mortgage, grar►t ancl convey that
<br /> Borrower's interest in the Prnperty under the temLS of this Security Instrume7t; (b)is not personzlly obligated to pay the sums
<br /> secured by this Security Instntment;and(c)agrecs that Lender aad any other Borrower may agree to extend,modify,fotbear or
<br /> u�ice any ac¢ommodations with regazd to the terms of this Security Instru�nent or the Note w�thout that Borrower's cocts�nt.
<br /> 13.l.oan Ciwrges. 1f the�oan se�ured by this Securit�Icutrument is subject to a law which sets maximum lo:���harSes�
<br /> and that law is finally interpreted so that the interest or ather loan charges collectod or to be collected in ca�nectior.with the
<br /> loan excced the permitted lim�ts.then: (a)any such loan chazge shall be reduced by the anwunt necessary to reduce the charge
<br /> to the permitud limit;and(b)any sums already eollected from Borrower which exceeded pemtitted�imiu w�ll be refunded�o
<br /> E::rs::.rr, i••••+•� [nwY riYVw tn malce this refw�d bY reducinQ the principal ou�ed under the Note or by m�lcing a direct _
<br /> llGlt YYiYSYUi-��
<br /> payment to Forrower. If � rP,:r.� reduces FrinciFal• the roduct'°" will be ueatoa as a parriai yr�p-ay r
<br /> prepzyment charge under the Not:.
<br /> 14.Noticts.Any notice to Borrower pm�ided for in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first class mail unless applicable law reqnires use of another method. 'il�e notice shall be directed to the Property Addrcss
<br /> or any otfur address Borrower designates by notice to Lender. Any notice to i.ender shall be given by first class cr�l to
<br /> I.ender's address stated herein or any other�ddress L.ender desienates by notice to Borrower. Any notice provided for in this
<br /> Sa�rity Instrument shall be dcemed to have been given to Bc:n:wer or Lend�r when given as pmvidad in this paragraph.
<br /> !�.Govesning Law; Severability. This Security Ir�cn:ment shall be govemed by federal law and the l:.w of the
<br /> jurisdietion in which the Property is located. In the event that any provisioa or clause of this Security Instru�nc oc the Note
<br /> wnflictc with applicable law.such conflict shall not affect other prov�sions of ihis Security Insnum�nt or the Note which ean be
<br /> glven effoct without the coailicang provision. To this end the provisions of this Security Instrumeut and the Note are declared
<br /> to be se�tiral'�le. , � � of the Note and of this Security Ir�swn�eat.
<br /> - p5.E;,�:��u��o�,.g_.-R,ur�chall he givrn one confomtiad coPY
<br /> 17.TrAasfer ot the Ptopa4:w'a Beaeficial Ynter�t in B°tT°wer.If all or any part of the Properiy or any intzr�si in it
<br /> is sold or transferrod(or if a beneficial interest in Borrower is sold or transfesred and Borrower is not a natural persot�)without
<br /> l,ender's prior written consent. I.ender may. � its option, require immediate paymem in full of a1! surns �ecured by this
<br /> Security lnstrument.However,this option st�nat be exercised by Lender if exercise is prohibited by fedez'al law as of the date
<br /> of tlus Security Inccnimeru.
<br /> IIf Iender exercises this option,Lender shall give Borrower notice of acceleration.The notice shall provide�period of not
<br /> le.cs than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums sacored by this
<br /> Security Inctrument.If Borrower ftils to pay these sums prior*.�the expiration of this period.L�ender max invoke any remedies
<br /> pemvtted by this Security instrument without further notice or demat�d on Borrower.
<br /> 18. Borravrer's R[g6t to Reiastate. If Borrower meea certain wnditions, Borrower shall have the right ta have
<br /> enforoemwt of this Security Instrument discontinued at any time prior to the earlier of: (a)S days(or such othe* period as
<br /> applicable law may specify for reinstatement) before sate of the Property pursu�nt to anY Po�'er of sale oontained in this
<br />— Security Instrnment;or(b)entry of a judgment enforcing this 5ecuriry Instzument.Those conditions ue tt�at Borrower:(a)paYs
<br /> Lender�Il sums which then would be due undcr this Securiry Inswment�nd the Note u if no acceler�tion had occumed: (b)
<br />= e�rec any ciefauic of any ot1►er oovenartu ar�zrccments; (c)paYs al!er:penscs incurred in enforcing this Security Instrument,
<br /> including, but aot(imitad�to, reasonable attorneys' fees; and(ci) talces svch action as Lender may re�xn�:+iw1Y i�qui��ta aswr
<br />_ chat the lien of this Sexurity Instrument. Lender's righu m the Property and Borrower's obligation to pay the sums securod by
<br /> this Security Inctcument shall wntinue unchanged• Upon reinctatement by Borrower, this Secunty ltutruuteat and the
<br /> obligations secured hereby shall remain fully effective�i�m acceleration had occuited. However.this right to re�r�rar���
<br /> not apply in the case of xceleration under paragraph 17. -
<br /> - 19, Sa]e of No2e; Chatt�e of L.oan Servicei'• The Note or a parcial interest in the Note (together with this Security r
<br />= Instrument)may be sold one or more times without prior notice to Borrower.A sale may result in a change in the�ntity(known i
<br />� as the"Loan Servicer")that collecu monthlY paYcnents due under the Note and this Security In;trument.There also may be one
<br /> _ or more cfianges of the L.oan Servicer unrelated to a sale of the Note.if there is a change uf the I.oan Servicer, Borrower will be
<br /> - given written notice of the change in acoord�r�ce with paragraph 14 above and applicable law.The notice will state the name and ':
<br /> � �ddress of the new Loan Servicer and t}�.e address to which payments should E�e made• 'The notice w�l�also wntain any other
<br /> ; inforrnation required by applicable law_
<br /> � 2p, Hazasdous Subctances. Borrower st�all not cause or permit the presence, use. disposal, �torage, or refease of any
<br /> Ha�ardous Subsiu�ces on or in the Property. Borcower shall not do, nor allow anyone else to do, anything affecting the
<br /> Property d�at is in violation of any Environmental Law. The precedin� two sentences shall not apply to the presence, use.or
<br /> storage on the Property of small quantitics of Haz�tdous Substances that are generally rccognized io be apptop»ate to nomial
<br /> residential uses and to maintenance of the Property.
<br /> � v.o.3 or� form 3028 9190
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