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<br /> ~ � suL•stuntiully cqaivatent rnortgugc insurancc covcragc is not avnUnblc, Borrowcr shatl pay to L.cndcr cach month a sum cqunl t�
<br /> ' onc-twclftf�of the yearly mortgagc insueance prc���ium bcing paid by Horrcwcr when tlie insurimcc covcrage lupsed ar�ase�J to _
<br /> br,in effect.l.c:nd�e wfli acccpt,ur,e and ret��in thete puymenls ns n lass reserve in lieu of martgu�;e insurnnce. leus reserve ��
<br /> paymcnts �uay no lungcr izc�cquircd,ut tiic uptii�n of I,cndcr, if murtgn�;c insurancc c�rvcrn�c(in thc amc�unt nnd for dtc period � �
<br /> J that Lencf,cr requfres)providcd by an insurcr nppravc�by I.cndcr ngnin bcc��mcs nvnUnUlc u�id is obtninut. Dorrowcr shull pay ��
<br />�:�•i�m thC premiums rcquirc<I ta midntain marig��ge ins«rancc in effect,ar to providc u lass rescrvc.until thc res�uircmcnt foe mortgage � �:
<br /> �,,� insurance ends in accordance with nny wruten ngrecment between Barrower nnd l.endcr or uppNcnUle Inw. —
<br />_:�„�� 9, 1�tspccllon.I.cndcr or its ngcnt �nay m.i{ce rcasonu6tc cntrics upon und inspcctions of thc Property. I.cndcr shnll givc � _
<br /> --°° Iiurrowcr nottcc nt thc tima of or prior to an inspccdun spccifying rcasom�blc causc fbr tlic insFx:ctfon. �
<br />_.�� 10. Condemnt�tlon. 'Che pmcceds of'nny uwa�u ur clsim far d�m.sge., dire:t o[ con�<�nCntinl, in coemection with any � �
<br /> conde��mution or other takins ot�any pan ui the Piupe►�ty,or fur cunvcya�uc in Iicu of condemnc�ti��n, ure he�•eby iissigned and � �__
<br /> ''°� shali b�;pu(d to l.c�da. �- -
<br />`_�� In the cvent of u totul tuking of the I'roperty,thc praceeds shall bc upplic,d to the sums securcd by this Sccurity Ins[iuificnt, (�
<br /> _— whether or nAt then due. with any excess paid to Aorrawcr. In die event of a pa�tial tnking of thc Property in which the fuir�
<br /> � mGrket valuc of the Property immedintcly bcforc the taki�g is cyunl ta or srenter tha�thc omount of thc sums securecl by this
<br />�y�� Sccurity Instrument immediutcly before the tnkin�,unless Borrower and[.sndcr otherwise agrcc in writing,the sums sccured by
<br /> ':�� this 5�curity instrument shall be reduced by the amaunt of the praceeds multiplir.d by the following frnetion: (a) the totul c
<br /> —=— amount of the sums sesurcd immediatcly bcfare the taking, dividcd by (b) tl�e fair market valuc of the Property immcdiately
<br /> . � bcfore the taking. Any balanc,c shall be paid to Borrawcr. In the evcnt of a paniul taking of thc Pmperty tn which tF�e fair
<br /> � murket value of the Property immedia[ely before the taking is less than the umount of the sums secured iiu�uuliately bcfora thc
<br /> --- takins, unless Borrower und L.ender otherwise agrce in writing or unless applicablc luw atherwise provides, the proceeds shn11
<br /> ___-- br enplicci to the sums secured by this Security Instrument whether or not the sums are then due. `
<br /> If the Property is abandoned by IIorrower, ar if. ntter noticc by Lcnder to Hui�uwer that thc eondcmnor off�rs to ma?�e an
<br /> award or settic a ctuim for dunnuges, Borrowcr fails to respond to I.ender within 30 �luys after ¢he datc the notice is glven,
<br /> Lender is authorized to collect and apply the procrxds.at its option,either to restoration or repatr of the Propeny or to the sums -
<br /> --- secured by this Sccuriry Instrument,whedier or nat then due.
<br /> - Unless Lender and Borrower otherwise n�ree in �vriting, any appllcatiun of proceeds to principal shall not extend or
<br />.,,«� postpune the due date of the monthly payments referred to in paragcaphs l and 2 or chAnse the amount of such payments.
<br /> �: il. Borrower Not Released;Forbearunce By I.ender Not a Waiver.�xtension of the time for payment or modificution
<br /> — of amortization of the sums secured by this�rA:urity Instrument granted by Lender to any successor in interest of B�rrower shall _
<br /> � not opernte to releasa the liability of the original Borrower or Bonower's successors in interest. I,ender shall not be required ta
<br /> commen..e proceedings against any successor in interest�r refuse to extend time for payment or otl�crwise modify amortization
<br /> of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's
<br /> successars in interest. Any forbeurunce by Lender in exercising any right or remedy shali not be a waiver af or preclude the
<br /> exercise af any dght or remedy.
<br /> 12. Successore and Asslgns Bound; Joint and Several Liability; Casignere. The covenants and agrcements of this
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, sdbjcct to the provisions of
<br /> �nraoranh 17. Borrower's covenants and agreemcnts shall be joint and severnl. Any Borrower who co-signs this Security
<br /> = Instrument but does not execute the Note: (n) is co-sign�ng this Securiry Inscrumeni u�tiy to�i���tgng:.. br'�nt a:s��r.:�s; thhat
<br /> �� Bonower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums
<br />-- secured by this Security Instrument;and(c)agrees that Lender and any other Bonower may agree to extend, modify,forbear or
<br /> makc any accommodations with regard to the terms of this Security Instrument or ths Note without that Borrower's consent.
<br /> 13. Losn Charges.[f the loan secured by this Security Instrument is suUject to a law which sets ma;cimum loan charges,
<br /> and that luw is�nally interpreted so that the interest or other laan cliarges collected or to be wllected in wnnection with the
<br /> loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessury to reduce the charge
<br /> to the permitted limit; and (b)any sums silready collected from Borrower wftich excceded permitted limits will be refunded to
<br /> Bonower. L�ender may choose to make this refund by reducing the principal owed under tf►e Note or by making a dire�t
<br /> payment to Borrower. If a refund reduces principal, the reduction will be tr,ated ns a partial prepayment without any
<br /> prepayment tharge under the Note.
<br /> �� 14.Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> � it by first class mail unless applicable luw requires use of another method. The nodce shnll be directed to the Property Address
<br /> or any other addr�.�s Bonower designates by nodce to L.ender. Any notice to Lcnder shall be given by first class mail to
<br /> Lcnder's address stnted herein or nny othcr address L.cnder designntes by notice to Bonower. Any notice proviucd for in this
<br /> �. Sccurity Instniment shall be deemed to have b�,en given to Honowcr or L.endcr�vhen given as provided in this paragraph. .
<br /> 15.Governfng Law; Severability. This Security Instrument shall be govemed by federal Inw und the law of tS�e
<br /> -- jurisdiction in which the Property ts located.In the cvent that any provision or clause of this Security Instcument ur the Note
<br /> con#licts with applicable law,such conflict shall not affect other provi�ions of this Security Instrument or the Note which can be
<br />---- given effect without the conflicting provision. To this end the provisinns of this Security Instrument and the Notc are declarcxl
<br /> - -----� ta hp sever�hle. .
<br /> � 16.Barn►wer's Copy.Borrower shall be given one confo�med copy ot the Note and of this Securi�y Iuat►u�j�ent.
<br /> 17.Transfer of the Property or a Beuefictal Lnterest in Bon•ower.If all or any part of the Property or any interest in it
<br /> is sold or transfencd(or if a beneficial interest in Borrower is sold or transfcrred und aorruwer is not a natural person)without
<br /> Ixnder's prior written consent, Lender may, at its option, require immediate payrnent in full of all sums secured by this
<br /> Security Instrument.However,this option shnll not be excrciscd by Lender if exerc�se is prohibited by federal law as of the date
<br /> — of this Security Instrument.
<br /> if Lender exercises this option, I.ender shall give Borrower notice of aceeleration.The notice shall provide a period of not
<br /> Icss than 30 days from the dutc the notice is delivered or mailed within which Bot�rowcr must pay all sums secured by this
<br /> ---- Security Inst►ument.If Horrower f�iis to pay these sums prior to the expiration of'this perioti,Lender may invoke any remedies
<br /> — _ permitted by this Security Instrument without furiher notice or demand on Borrower.
<br /> — 18. Borro�ver's Right to Reinstate. If Borrower meets cenain conditions, Bonower shall have the right to have
<br />— — enforeement of this Secur►ry Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as
<br /> � -- app]icuble la�v may specify for reinstatcmcnt) before salc of the Propeny pursuant to any power of sale contained in this _
<br />`�.a�� Security lnstrumenr,or(b)cntxy of a judsment enforcin�this Sccurity Instrument.Those conditions arc that Borrowcr:(a)pays
<br /> -T._.� Lender all sum.�; which then would be due under this Security Instrument and the Note us if no accelerntion had uccuned; (b)
<br /> - � cures any default of any other covenants or agreements; (c} pays ail expenses incuered in enforcing this Security Instrum_nt. -
<br /> - — including, but not limited to, reasonable attorneys' fees; and(d)takes such action as Lender may reasonably reqmre to assure
<br /> --_: that the licn of this Security Instrument, Lender's rights in thc Property and Borrower's obligation to pay the sums secured by
<br /> ---=— _ �__._... T..........,a... .,ti�n .....,�c..��P �mrh�nard. Unnn reinstatement bv Borro�ver, this Security Instrument and the
<br /> — ,..:
<br /> t1tIJ �1GVVIia ....w. �........�_ _"'__"" o • • .
<br /> vT�= obligatlons secured hercby shall remain fully effective as if no acccleration had occurred. However, this right to reinswte snaii
<br />'"°"'���` not apply in the case af acceleration under para�rnph 17.
<br /> -T�'�'' 19. Sule of No3e; Cl�ange of Loan Servtcer. The Note or a partiul interest in the Note (togedier with this Security ,
<br /> �;�'+,�'�,�; instrument)rnuy Ne sold one or mare times without prior notice to Borcower. A snle may result in a change in the entity(known " �
<br />:��;,;�,yj; us the "Lnan Scrvicer")that collccts monthly payments due undcr the Notc and this Sccurity Instrument.There also mny be onc
<br />•;:;:}>�•�,; or more changes of the Loan Servicer unrelated to a sale of the Nute.If there is a change of the Loan Servicer, Bonower will be
<br /> •,a ,� given written notice of the change in uccordance with paragraph l4 above and applicablc law.The notice will stnte the name and
<br />-''�� address of the new Loun Servicer and the nddress to which payments should be made. The notice will also contuin any other
<br /> ��'�'�J• infannation requimd by upplicablc law.
<br />-�x� �' 20. Hnzt�rdous Substunces. Borrowcr shall nat cause or permit thc prescnce, usc, disposal, storagc, or rele.lse of any
<br />—„��; Harardous Substances on or in thc Propeny. Horrowcr shull not do, nor alluw anyonc else to do, anything uffccting the —
<br />'=r►�:t•'_— Property that is in violation of any Environmcntnl Low. The preceding two sentences shnll not apply to the presencc, usc, or —
<br />�,y-.,>�.'�� storage on the Froperty of small quantities of Hacarcious Substances that arc generally rec:ognizeci to be appropriate to normal
<br />"� �`' �"� residential uscs and to muintenance of the Propercy. —
<br /> - Po�u 3 01 4 Form 3028 9190 �
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