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<br /> substantially equivalent mortgnge insurancc wvera�c is not avnilnble, Borrowcr shall ptry ro l.endcr ench month n sum cquul to
<br /> ar�-t�vclfth af the y�rty mortga�c insu:�mcx pr,,mfum tr;ing paid by P.orroe:er�:�tten tl�e in°urance c:�versge lapsed e�r cesse�.l to -
<br /> bc in effett.l�nder will nccc�t, use nnd retnin the5e payments as u loss m�crvc in licu of mongnge in�surancc. L.oss reserve
<br /> paymcnts ma_y no IonGer Ue requireci,nt the option of Lendef•, if nuirt�a�e insuriuice ccwerage(in the umount nnd f��r tl�e p�riod k,
<br /> that[..ender rcyuires)provided by au insurer npprovcd by Lcttder ngain bccomcs nvuilublc nnd is obtciincd. Anrruwcr shidl p:�y
<br /> tlic premiums required to maintain mattFabe insurnnce in effect,��r to pravicle a loss rescrve,until thc requirement for mortg:�ge
<br /> i�surance ends in xccordance with anv written ngr�:ement het�vicen Qorrower and T..ender or npplicuhle Inw.
<br /> 9. Inspect[on. Lendcr or its agent muy makc rcasonable entrles upon nnd ins�ctions of the Property. [.endcr Fhull givc�
<br /> IIorrower notice id the time of or prlor to an iaspectian specifyine reasonabie cause for the Insqcction. _
<br /> 10. Cundemnatlon. The proceecis of any uwlyd or claim for dumages,direct or consequentied, in connectian with nny
<br /> candemnntion or other teking nf nny p;art of thc Prnperty, or for conveynnce in licu of condemnntinn, nre hereby ussi�;ncd nnd�
<br /> nnuii oc puiu w ixrcucr.
<br /> In the cvent of a totul taking of the Prop�rty,the proceeds shall bc applicd to d�e sums sec:urcd by this Sccurity Instrumcnt,� _
<br /> whether or not then due, with nny excess paid to Borrower. In the event of n pxirtiul taking of the Praperty in�Nhich the fair
<br /> market value of tl�e Propeny immcciiutcly befare thc taking is equal to or sru�ter than the umount of the sums securcd by this
<br /> Security Instrurnent immediutely bcfore the taking.unless Borrower and Lender otherwi5c a�rce in writing,the sums sec;ured by
<br /> this 5e.curily Instn►mcnt shult be reduced by th� umount of the proceeds multiplied by thc following fructi�n: (n) the total
<br /> umount of tlie sumc sccured immediately before thc tnking, divided by (b) the fair markct vuluc�f the Property immcdiately _
<br /> before thc taking. Any balance shall be paid to Barrower. In the event of n partinl tuking of tlic Property in which the fnir
<br /> markct value of thc Proper►.y immediately befare thc taking is less tl�an the amount of the sums secured irnmedintely beforc thc
<br /> wking, unless Borrower and Lendor otherwise agree in writing or unless applicable luw otherwise provides, the pruceecis shnll _
<br /> be Applied to the sums securecl by this Security Insteument whether ar not the sums are then due.
<br /> If tlie Property is abandoned by Bonower,or if,after notice by C.ender to Borrower diat thc condemnor offers ta makc an
<br /> award ur settle a clalm for damages, Horrower fails to respond to Lender witl»n 30 daye c�fter the date the notice is�iven,
<br /> � Lender is authorized to collect and apply thc proceeds,at its ogtlon,cithcr to restorntian or rcpair of the Praperty or to the sums
<br /> s�cu��ed by this Sccurity Instrumcnt,whcthcr or nat then due. �
<br /> Unless Lender and Bonower othenvise agree in wdting, aoy applicadon af proceeds to principal shalt not extend or
<br /> postpone the due date of tt�e montlily paymente referred to in parngraphs 1 and 2 or change the amount of such payments.
<br /> I1.Aarrowcr Nut Releused;F'orbearance By Lcnder Not a W�iver. Bxtcnsion of the timc for payment or modifirAtion
<br /> of atnartization of the sums secured by tl►is Security Instrumeni granted by Lender to any successo�in interest of Bonowcr shrill
<br /> not operate to release thc linbility of the original Bonower or IIorrower's successors in interest. Lcndcr shaU not be rcquired to
<br /> commence proceedings n�alnst any successor in intemst or refuse to extend time far payment or othe�wise modify amortizatian
<br /> of the sums secured b�� this Securiry Instrument by reason of any demand made by the ori�inal Borrower or Borrower's
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a wuiver of or preciude the
<br /> exercise of any right or remedy.
<br /> 12. Succ�ssore sred Assigns Bound; Jolnt and Sovoral Llabil[ty; Casigners. The covenants and agreements of this
<br /> Security Instrument shall bind and benefit the successors and assigns of I.ender and Borrower, subject to the provisions of
<br /> paragraph 17. Borrawer's covenants and a�rec;ments shull be joint and sevcral. Any Dorrower who co-signs this Sccurity
<br /> jSiotrsmen:t`iif2 L30i,i ii0t VAKtItt'.i�iti l�t1W. =8} iS CG-Sib*iiiilS 21i15 :':C"i1TSSj T12�1.'1!l2:.°..".� fl!2!�r^ S::QIIp�a£. ai�Slt 821L1 Cn22YP� ��l�t
<br /> Borrowcr's interest in the Property under the terms of this Secw•ity Instrument; (b)is not person�lly obligated to pay thc sums
<br /> secured by this Securit�Instrument; and(c)agrees that Lender and nny other Borrower may agrec to exte�id,modify,forbear or
<br /> make any accommodations with regard tu the terms of this Security Instrument or the Natc with�ut that Borrower's consent.
<br /> 13.I.oan Charges. If the loan securr,d by this Security Instrument is subject to a Inw whlch sets maximum loan charges,
<br /> ; nnd that law is finnlly interpreted so that the interest or other loan char�es collected or to be collected in connectian with the
<br /> . loan excced the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessar�+to reduce the charge
<br /> to the pern�itted Umir and(b)any sums already wllected from Borrower which exceede.d permitted limiu will be refunded to
<br /> Borrovier. Leixier may choc�se to make this rofund by reducing thc principal owed uhder the Note or by making a direct
<br /> payment to Borrower. If a refund reduces principal, the reduction will be sreated as a partial prepayment wishout any
<br /> ~ pnpayment charge under the Notc. .
<br /> ; 14.Notices.Any notice to Horrower provIded for in this Securiry Instrument shull bc givcn by deliverin�it or by mailing
<br /> „ it by first class muil unless applicable law requires use of another method. The notice shall be directed to the Property A�ldress
<br /> • or any other address Borrowcr designates by notice to Lender. Any notece to Lender shall be given by tirst class mail to
<br /> . Lendcr's address stated herein or nny otlier address Lender desisnates by notice ta Borrower. Any nottce providad for ln this
<br /> ' S�curity Instrument shall be deemui to have been�iven to Borrowcr or Lender when given as providecl in this paragraph.
<br /> • 15.Governtng LAwj Severabllity. This Sccurity Instrument shall be soverncd by fcderal law and the law of the
<br /> jurisdiction in which the Property is located. In thc cvent that uny proviston or clause of this Security Instrumcnt or the Note
<br /> conilicts with applicable law.such conflict shall not affect other provis�ons of this Security Instrument or the Note which can 6e
<br /> given effect without the contllc4ing provisiun. 'I'a this end thc provisions of this Security Instrusnent and the Note arc declarecl
<br /> to be severable.
<br /> 16.Burrower's Copy.Borrowcr shall b.,given one conformed copy of thc Note and of this Security Instrument.
<br /> 19.Trans[er of the PropeMy or a Beneflcfal Interest in Barrnwer.[f 11l or nny part of thc Property�r any intcrest in it
<br /> is sold or iransferred(or if�beneficial interest in�orrower is sold or transfened and Borrowcr is not a natural person):vithout
<br /> . Lender's prior written consent, Lender rr�ay, ut its optiun, require immediute payment in fuU of all sums securcd by this
<br /> Security Instrument.However, this option shall not be cxcrcised by Lendec if excrcise is prohibited by fcderal Inw as of the dAte
<br /> , of�his Security instrument.
<br /> If L,ertder exercises this option.Lender sl►all give Borrower noticc of acceiei:+tioii. The notice shall prnvide a period of not
<br /> . Icss thun 30 days from the date tlie notice Is delivered or mailed within wliich Borrower must pay all sums secured by this
<br /> Security Instru�nent.If Bonower f�i1s to pay these sums prior to the expimtion of this periocf, L.ender may invoke any remedies
<br /> permitted by this Security Instrument without further notice ur demand dn Borrower.
<br /> 18. Borrower's Right to Relnstate. If Borrower meets certnin conditions. Borrower shall have the right to hnve
<br /> , enforcement of this Security Instrument discontit►ucd at any time prior t� the earlier of: (a) S duys (or such other period as
<br /> applicablc luw may specify for rcinstatement) before sule of thc Property pursuan� to any powcr of s�le contained in this
<br /> Security Instrument;or(b)entry of a judgment enforcing tnis Security Instniment.Those conditiuns are that Borrower: (a)pays -
<br /> • Lendcr all sums which then would be due under this 5ecurlty Instrument�nd�thc Notc as ff no acceleration had occurred; (b)
<br /> ' cures any default of any other covenants or agrc;cments; (c) pays ali c;xpenses incurred in en4'orcing this Secutity Instrument, •
<br /> , including,but not limited to, reasonable attorneys' fees; and (d) takes such uction as Lender muy re.lsonably require to ussure
<br /> thnt thc lien of this Sccurity Instrument, L,ender's rights in tlie Property and Borrower's obligation to pay the sums secured by
<br /> this �r,curity Instrument shall continue unchanged. Upan reinstatemcnt by Borrower, this Security [nstrument and the
<br /> � ooiigations securCti hereby shNl remnin futiy etTCCtivc us tf no acce►cration iiad occurrca. riowever, tn�s ngnt co reinstaie snnii
<br /> ` not apply in the casc of acccicration undcr paragraph 17. �
<br /> Y9. Sule of Note; Chnnge of L�an Servicer. The Note or a partial interest in the Note (tosethcr with this 5ecurity --
<br /> Instrument)may be sold one or more timcs without prior notice tn Borra�ver.A sale may result in a change in the entity(known
<br /> us the "Loan Scrviccr")thut collects monthly payments duc undcr thc Note und this Security Instrument. Tlicre nlso may bc onc
<br /> or more chunges of thc Loan Servlccr unrclated to a salc of the Notc.If there is n change of thc i,oan Scrviccr, Borrowcr will bc
<br /> given written notice ot the change in urcorJunce with paragruph 14 ubove and cipplicable luw. 'fhe notice wfll state the namc und
<br /> ucidress of the new Loan Servicer and the addre;ss to wiiich payrnents should be mctde. The notice will also contain uny other
<br /> infonnution required by upplicabic law. �
<br /> 20. Hau�rdous SuUstc�nc�.w. Borrower shall not rausc or permit thc presencc, usc,disp�sai, storage, or release of any =-
<br /> Hcvanious Substances on ur in the I'roperty. Horrower shi�tl not do, nor �illo�v anyone else to do, �nything aFfectin�; the �
<br /> Property that is in vivlation of cuiy Environmcntal Law. Tl�e preccding two sentenccs shnil not apply to the presencc, use, or —
<br /> stoiagc on tiie Propeity af smuli yunntitics uf Htuardous Substances that are generally recognir.ed to be appropriute to normal =
<br /> residentiul uses and ta maintcnancc of the Property. —
<br /> vapa�ot a For�r 3028 9l80
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