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<br /> �� .. substt++�tiallY equivRlent mortgagc insurance covcra u";„"�n°�i�'�y'�o�rowcr whcn thc insu ar ce covcrugc lapsedsor ccuscci to �,
<br /> onc-twelfth af dte yearly mort�uUe insurance prcm �P �:�
<br /> bc in cffcct. L,cndcr a�ill ncccpt, use nnd retnin thcsc p�ymcnts ns n lo�E cservc�n lieu nf mortgnge insurnnce. Loss rescrve
<br /> paymcnts may no lon�er be re�uired, at thc aption of I.cndcr, �f iuu�'�'i e insurunce covcragc(in thc i�moui9t and for the perp y � �
<br /> �►;ut Lcnder 5cqui�`S�Po mAf�it�4a n mortgnge insurnncctin cffect��or t pr vtcio n los.5 rescr'c,�unul the rcquir men far nortgnge � -�_,
<br /> �� • thc nsemlum cq -�
<br /> �� �r.,
<br /> � insurancc ends In accocdancc witi�nny written u�reement betwcen Barrawcr und 1-�cnder or npplicnble lnw, � �L,`-
<br /> ., ........,,.•�.,„ r���ri�r or its ngcnt m�y inake reasonable enirics upon and inspections of dic Property.l.cnder shnll give _
<br />",_A ......,r.,.....,... �___.
<br /> 7!J�� gorrawer natice at ciie time af or prior to an inspection specitying rcasanubic a►use for the inspect on. =a
<br /> .;.� 10. �ondc�nat�mt. The proceecls of any o�v+u�d�or C�In��nrfc�nvem��ce in�li ut f cand nin�u�on�, n c I�.rebytassegoed:�ny��, �.:�_
<br /> r...,. - ....
<br /> �a- condemnation or oA►cr taicing oi u��y p1���u� .��� ••� r . --
<br /> =;_� shull be pttid to I.ender. _`�"
<br /> � In thc cvent of a total tnking of the Property,thc proceeds shall be applied to the s4ms secured by this Security Inst:ument� N_�
<br />--�s whethe vnluc of the Propercy�in►meci ately before thc t k ng is equnl tocor greater than t e �a�in u t of thee5 ms s cured by t is�
<br /> market
<br />"=�� Security Instrument immediately before the taking,unless Rorrower and Lender otherivise agree in writing.the sums secur:d y
<br /> ��� ����s Sctof�the�sums secured'immc iat ly�before the takins divl�epc! b�ye(b) hetai market value�of the Prop rty immediatcly `e
<br />;-:�� amoun
<br /> bef�e�Valuckof siie Property immcdia clyPbefore hc aking st�less than the amourt1 of the�sums secuPed�immedia�Ylcbefore he -
<br /> mar
<br /> "—' taking, unless Borro�ver and L.ender otherwise agrce in writtng or unless applicab►e law othcrwisc provides, the procecds shn
<br /> -- be applied to the sunts secured hy this Security Instrument whether or not the sums are then due.
<br /> If the ProPenY icn for dama es Borrower fa 1�totrespond oyLender within 30 daysaafter hedda�tethe fnotice is�iven.
<br /> award or settl� a cla B
<br /> -- '.ender i SLLIS10['I'l"d to collect and apply the proceeds,at its option, either to restoration or repair of the Property or to t e sums `
<br /> -1 secured by this Sc�.irii,•Instru �ent,whethor or not then due. —
<br />-;�� Unless I..endere of the monthly payments referred to in�pazagraph sl and�'1 o rchangeethe amouTnt of such Qayments tend or -
<br /> �� postpone thc due dat
<br /> ��� 11.Borrower Not Released; Forhearance By Leuder Not n Waiver.Extension of thc time for payrnent or modificati�n
<br /> �+�� of amortization af the sums secured by this Security Instrument�ranted by Lender to any successor i�interest of Borrower shall
<br /> — not open ec r ccedings aga nst�any saccessor1 inlin erest or refa er o extend timesfor paym�ncsor athenvt eemod fy am rlizntion
<br /> comm P
<br /> - of�essors in interes,bAny�fo bearanceIby Lender in exere sing any dSht or emedybshallenot 6e ul wni cr of orrpr�cclude the
<br /> suc.c
<br /> exercise of any right or remedy.
<br /> 12. Successors and Ass�gns Bound; doint and Severul Liabllity; Co-signers. The covenants and agreem�nta of this
<br /> Se^.urity Instntment shull bind and benefit the successors and assigns of Lender a�id Borrower, subject to the provisions of
<br /> � an_ . a-nnvey that
<br /> paragraph i7. nu�iow�r'o sxi:•�s�:� -�-� �Pi�ments shall be joint and several. Any Aorrower who co-signs this Security
<br /> � Instrument but does not execute thc Note: (a) is co-signing this Security instrumanc oniy t� r��r:gugc•e•s�t e�'-`�
<br /> - Borrower's interest in the Property under the rees that tLender and any o her Borra�wer may agree coYexaen t modi ya forbear or
<br /> secured by this Security Instrument;and(c)ag
<br /> —� make13y���harg�e�snlf�he loan aecared by t1►is Secur ty In trument is subject t Na law which setsBm x mum loanscharges,
<br /> and that lu�v is finally interpret c d so t ha t t h e i n t e r e s t o r other loln char ses collected or to be collected in connection with the
<br /> to hex�������t��d�(b)tany sumsaalready collected f omc Borrowerwhi�cl�i excteeded perm ted linrit5rts w l�be refunded�to
<br /> Barment ro Borrowery If a refund reduces princ paly t�e rcduction Pw ll�be treateduasea Part a��Prep vm nt tiv houtiany
<br /> prepayment charge under the Note.
<br /> 14.Notices.Any natice to Bonower provided for in this Security Instntment shall be given by deliverin�it or by mailing
<br /> it by first class mAil unless applicabie law requires use of another method.The notice shall be directed to the Propeny Address
<br /> L.endcr's a�idressst�ted he eiyn oranyn ther uddre.s I.ender designateys bytnotice to Bonawert Any�notice prov ded farmn�th s
<br /> Security Instrument shall be deemed to have been given to Bonower or Lcnder when given as provided in this parusrnph.
<br /> 15.Goveming Law; Severab[Itty. This Security Instrument shall bc govemed by faleral law and the law af thc
<br /> jurisdiction in which the Property is located.. In the event that any provision or clause of this Security Instmment or tfie Note
<br /> — conflicts with applicable law,such canflict shall not affect other provisions of this Security instrament or the Note which can be
<br /> __ - _ , ��y����£��;,�,ti���s;�:_,�.»fl�Mino nmvisioti.To this end the provisions uf this Security Instrument and the Note are declarc;d
<br /> to be severablc.
<br /> 16.Borrower'e Capy.Bnrrower shall be given one conformed copY of the Note and of this Security Instrur.ient.
<br /> 19.Traiufer of the Property or a Beneficial Interest fn Horrower.If ail or any pact of the Property or any intcrest in it
<br /> is solc�or transferrcd(or if a beneficial interest in Bonower is sold or transfened and Dorrower is not u natural person)without
<br /> L,ender's prior written consent, Lender may, at its option, require immediaze pay►nent in full of •all sums securat by this
<br /> — Security Instsument.However,this option shall not be exercised by I..ender if exercise�s prohibit�.d by federal law as of the date
<br /> of this Sccurity[nstrument. riod of not
<br /> ' If Lender exercises this option.Lender shall give Borrower noticc of acceleration.The notice shall rovide a pe
<br /> — lesy than 30 days from the dat T fa'►I.s to� a�these sum prior to tle expirnrion ofBt►is per od. I.ender mP simoke �� medies
<br /> -- Security Instrument.If Borrowe p Y
<br /> — permittcd by this Seeurity Instrument without funher notice or demand on Borrower.
<br /> ---- lg, Borrower's Right to Retnstate. If Borrower mcets certain conditions, Borrower shall have thc right to huve
<br /> - -"' anf licablcnlaw may spccify forstre'n t t mlent)tbcfo easale of hc I'ropertytlpu u:►nt of�sny po veT of sale c nt inePd in th s
<br /> ------��i 5ecurity Instrument;or(b)entry of a judgmcnt enforcing this Security Instrument.Those conditions are that Borrower:(a)pays
<br />"''�� Lendcr all sums which then would be due under this Securiry Instrument and the Note as if no acceleration had accuaeel: (b)
<br />����a� cures nny default of any other covenants or agreements; (c)pays atl expenses incutted in enforcing this Security Instrument.
<br /> --�= including, but not limited to, reasonable attorneys' fees; nnd(d)takes such action as Lender may reasonably require to assure
<br /> - - - �hat the lien of this 5ecurity Instrument. L.ender's ri�ht�tin the PnopA►�me id bv iBorrowerbi thisi Secu P y instrument�and he �
<br />-���� this Security Instrument snaii coniinao ���"�a��s.�•• --r�•• ---•-----
<br /> �_�.
<br />-° obligations secured hereby shall remain fully effective as if no aceelerat�on had occurred. However, th1S ilgtit LO fCinsiuic 5ua��•: -,
<br /> °�>:�� not apply in the case af acccleration under paragr�ph 17.
<br />`�"'•� � 19. Salc of Nate; Change of I.oun Servicer. The Note or a partial intcrest in the Note (togcthcr with this Security
<br /> -,.��.
<br />;��i�,�: Instrument)may bc sold one ur morc times without prior notice to Borrower, A sale may result in a ch�mge in the entity( nobun
<br />"'�'"�';�; � ps die "Loan Servicer")thut collects munthly payments due under thc Note nnd this Sec:urity Instrument. There also may h�one
<br /> �� or more changcs of thc Loan Scrviccr unrelatcd to n salc of thc Note.lf therc is a change of the Loan Serviccr.Bonowcr wiU be
<br /> :;`'���� given�vritten notice of the change in accordance with paragruph 14 above and upplicable I:�w.The notice will state the name and
<br /> , ;:�
<br /> ' � address of the new l.aan Servicer and the address co which puyments should be made. 'I'he notice will :►Iso contain any ot er
<br /> ':} � informatiott rcquirect by applicablc law.
<br /> 20. Ha�wrdous 5ubstances. Borrower shall not causc or permit the presencc, use, disporal, sto�agc, or release o any
<br /> �� �� � Ha•r.urdous Substances on ur in the Property. Borro�ver shall not do, nor allow anyone else ro do, anything i�ffecting the
<br /> �"a•: .;`. Property that is in��iolation of nny Environmental Law. The preceding two sentences shull not apply to the presencc, use, or
<br /> ,�'.T. .
<br />- •��! storagc on the Property of smafl quantitics of Hazardous Substnnccs that arc gencraUy rccognizcd to bc appropriate tn nurmu
<br /> residcntinl uscs and t�maintenuncc of thc Property.
<br /> - Fonn 3028 9/90
<br /> Pnpo�ol A
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