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<br /> substariially equiexlrat mc�Ngnge insurs�uce ci�r•erw�e is mt Yv�ilabte,&��n�w�er stull �vy t�� i.�iw.ier each trwnth a wm eyw► to —
<br /> on�tw•elfth o!the yarly mortg�ge iiuunuxe prcmium being piid by Bon���w�er when the i�unraiKC covrrrbe IYpsoJ ur cz:.+w ca
<br /> be in effzet, l�trKier wifl�ecryu, use uxi retrin thes�payu�ents as �lius �cer��a in lieu of nwngage in�ur,uxe. Losc rearce
<br /> pavnYntx msry m t��nqcr be nctu�i�i,ut the c�xion ai Lenckr. if nart��tyc insunuxr c�ver:�e/in the t�nxw�u uix9 fur Ihe per'rcxl '
<br /> thai Lciuicr rdyuic�s)pravicL;J by�n insuser uppruvecl by i_��xitr ggai�► he�wix:s�vui9abk r,�i���t«sn;Q. Bc�smxar ahall 4•ay �r
<br /> Q�e We,►uw�u coyuir:,J tu nulntain mortgagr insura�x�e �n efi':ri,or to pr.�vktc R lur�rt�trve, u�uil d�r r.qulrzn�r�t fiu uwrt�a��(0 `
<br /> ir�tiur.uicc eixis in u:cor�f:�ncc with any w•ritteu:+gr2�n��tit bziw.to�rma•tr�xE f.rnder�e:►pplicable law. p�
<br /> 9. Iacpec2�oq> Lendrr or its agent n�y ntiai:►:reasonxble cruries up��n wul ii�spcctiui►s of thr. Prc�periy. Lender siwll Cive 1
<br /> Borrou•cr nMi�c at the time of ar pdor ta s�n inspzcUon a�ocifyi��iea�onable caus:.far the inspeciion.
<br /> lU_ C�ndewnatlai. The Qr.xcais of any Aw;��t or cl:um tur danu�es, dircct or mncc�ue�i;i�1. in ��a+viecU�►n w•ith Kny
<br /> mndenu�adon or�her e�l:ing ot'sny p�rt of tl�c Proper�y,ur for��vcy:+n�:c in lieu of con3ernnrtion. arc hereby x.�sl8ix�cl�d �-
<br /> ct�111s. luid tn t.�.nd:r.
<br /> In tt►e evcnt of a ta:a!taicing af►he Pmpetty.ihr,proceeds shall M applied ca thc sums scxur�by this Sccuriry[nurumcnt,
<br /> whtther or rx�t then due. with any exces.c paid tu J&xxow�er. In the event of a pani�l taking of the Property in which the talr
<br /> n�tlet value of thc F`raperty inunedintely bcforP tlta t�kin� is eqaal to us grazt.r than the umouru oF tl�e snn�s�wa�f hy:ris -
<br /> Security Instrunxnt immod�ately befor�thi�takin�. unlat.�Bortawnr w�d Lender�xherwise agfe¢in wrieing, the sunu sacured by
<br /> this Sa:u�ity Instrurt►cnt �.'sall t�e reduc�ci b;� thu ant��imt of the proceeds multipliod by the foltowing fr,�cticxr t�1 tt�total
<br /> amount of thc wmc securod imn�iatGly b�:fure iha wkicip, divided by (b)the fair nizrket �alue of the Pro�eriy immediatelY
<br /> befare the taking• Any balance shall bu p�+d w ��rsc�wpr. Tn the event of� panial t�ki�g oF the Property in which the fair
<br /> market v�lue of the Property imrrw3�i:.ty �:fc�r..-ttw tai�ing is less th�n the ariwunt of'the sums securod immediazely befa� the
<br /> t�L•ing, unless Borrow�er anci Lender or.harwis�agcEC in wrsting ar unlcss applicablc law otherwise prav�des� the prc�ceccis shsll
<br /> be�ppliod ta the sums securcd by thi.y Security���atnm��nt whethc�or nc�t the sums arc then due.
<br /> If u"�Propej'ty�s abnndoned�y�R+�ri�'+'t�r,or if, aft�r notice by 4eixler to Borrower that�hc condenu�or affers to m�ke an
<br /> award or settle a cla�m for duns�ges. Ra►mwor fail:o ¢a respand tu Lcndu w�thin 30 days atter thc dace the notice is Siven,
<br /> Leader is authorizal to collect and apply thp pn:�ds; at its optian,either w restotatian or repzir of�he Property or ta the sums
<br /> socurod by this Socurity Instnunent,whetiwr or s►ar t�r.n due. �
<br /> lTnless L.ender and Borrower otl�twis� apr+�u in w�ting, anY apPlication of procoeds to principa! sT►zl! not exteod or
<br /> postpone titir due date of the montl�ly paymenh�refc�ned to in parst�raphs 1 and 2 or ch�nge tt��u�ount of such paymcncs.
<br /> Il.Baznower IVot Rdwced;Fariwxarpm:e!�j T.ender No�a wt�iva'.Extu�cioa of dse ti�ne for payment or modification
<br /> of tinoitiratioa of the sums socured b�!d�iF 5�.�:urity[rutrucnont gsanted by L.ender ta any succ°.�:or in snterest of Borrower s�hall
<br /> not operate to release tha liability af ihn or'r.gi��1��w•u'ar Bomower's successors in inurest. Lender sisall not be requircd to
<br /> commena proceedings�gainu any sucoessor in inuecest or refuse to utend time for paymenc or otherwise modify amorti7ation
<br /> of the swnc sa�ured by tfris Security Instnunent �� reason of any dertund �ie by the origin�l Bomawer ur Bornower'c
<br /> su�xessots in interest. Any forbr�rsw�x by I.end�r in exercising any right or res�.�y sta:1 s�os be a waiver of or procludc the
<br /> e�cvcise af any right or remedy.
<br /> 12.Sueeasors aad ��Bc�ct�; Joiat end Several Lis�bi4ty; Co-a�u�rs.The covenanis and agrcemecus of this –
<br /> Security [astrument shzl! binJ and be-'xfit the successors and assigns of Ler.d'x�r and Botrower, subject to the pruvisions of
<br /> P�Ta&� 17. Borrower's .roveuan;s and agranxnts shall be juint and se�ea�_ �ny Borrower w�ho co-signs this Saxiriry
<br /> Insteumeot twt does not execute the :�ote: (a)i9 co-signing this Security instru�at only to mortgabe.�r,�eat and convey t1�at
<br /> Borrawei s inte�rest in the Property uax3er the tem�of this Security Inshumenrc_ib)is not pers�aally ob2iL,�ted to pay d�:sv�au
<br /> socurod by this Socurity Insttument:and(c)agras ttiat Lender and�ny other Botrower may�nte to extead.modifY.Fa�ri�k,ar or
<br /> �any xcomanodatioas with regard to the terms of this Secvrity Inurumenc�r tbe Note without tt�t Bcxsoarrr's coaseat.
<br /> 13.Loaa C6frges,if the loan secura!by this Savriry Instrumcnt is su�ij�¢to a law which sets u�axita�:m lo�u►chu�es.
<br /> und that law is finally in;�spretod so th�t the interat or other loan charges c�sti7a�.Ked or to be collxt�od i�n c�oamectia►with the
<br /> laan eaccad the permivaf�imiu, then: (a)any suc6 toan charge stwll be reduc.�et by the amoant nxesswY to roduce the cltiu8e
<br /> to the permitted iiasit;and (b)anY sumg already eollecud firom Boirower which exceeded pertnitkd limits w�U be nfu:�ded to
<br /> Borrowu. L�ender may clwose to malce ttis refuad by tbe red tioa will b��e treatedu�a�parCwl prcpaYment w�tbout �rry
<br /> mvmrrt tn Boimwa. If a refu� reduas Priz�cipal•
<br /> �:�5}=:�a:t eharSt und�t#�e Nae. .- _._ _ . . _ . . . _ .._-
<br /> 14.Notktie• Any noa'vx to Bo�rowu provided for in this Socuricy Inun�m�ent sh�ll be given by delivering it or by maiiing
<br /> et by first class m�il uat�.��ppli�ble law requircs use of arwsher method.l7�e notice shall be dirocted to the Property Address
<br /> ���y � ��ss gaymWU d�signates by notice ta Lender. An}• rwtice to L,ender shall be givw by first clacs mul to.
<br /> L.ender's addnss stated herein or any other address L,ender dai��s by notice to Bo�roweu.Any notice providod for in this
<br /> Saurity Instruroent s1�ll be deenxd to have been given to Borrowez�r I.ender when given as providod in tbis parag�p@-
<br /> 15.GoverW�g I.¢aoc;. Seva'tbility. TUis Sau_riry Instrument shall be go�etned by feder�l law zad th� !aw of the
<br /> jurisdiction in which the F't�Qaty is locPtod. In the evenc that any provisioa ar cP.:�se of this Socunty In�truanent or the Note
<br /> 000flicts witl�applicabk t�w�wch conflict shall riot affxt other prov�swns of�&is Sa�trity Imsuumeat a tLr�Alote whic�esa bc
<br /> giva��'fect without the wa8i�ctiag pmvision.To this ead the provisions of tbs Sec�tY f�s� aod tlse Nde ue cieclst�od
<br /> to be severable. '
<br /> 16.Borrower's Co�► Bormwer s1�11 be given one oonformed copy of t�l�ote axl o�ti�is Savriry Iastrumene.
<br /> I7.Traader ot tbr @evperiy or a Be�iciai Inta�est tn Bosrower.If:�SG��ny part of the PropertY or�ny intereu in;t
<br /> is sotd w transfennd(a efc a bcneficial iaterest in Bosrower is soW or transfef¢+gt and Borroaer is nat a aawral person)witbout
<br /> Lader's prior writun oo�sent, l.�ler maY, at its option; uin iaunediate pt►yment in fu11 of a11 surns socured by this
<br /> SerutiEy la:uvment.Howevu, this u�kion sLaU aot L+e exerc�d�y Iander if e�cercise u pmtt+bited by fedu�l l�w as af the date
<br /> ot'this Sececmty instzument.
<br /> if Is�ler wurcises this optioa. l.ender sha11 give Borrowa ndice of xce2er�tion.The:wtice shall provide�paiod of not
<br /> 1es5 thaa 30 d�ys fmm the date the naice is rleiivered or n,.iie.;�vit,`a�►w�z 8orrowet mu�:�y :11 a:.W s�.utc! by th':s
<br /> Security instrvment.If Sorrower ftils to pay these sum5 prior ta the expiratioa af this period,LeMex'maY,invoke sny rm�odles
<br /> pamitud by this Savrity Inau�umnt without further notice or demand on Borrower•
<br /> �8. Borrowa's Right to RdastaYe. If Borrower moets a�in corfd'uions, Bor�uwer shail t►ave the right to have
<br /> enforcemmt of this 5ecurity Insttui±?tnt discontinued�t any time priar to the earlier of: (a)5 days(or such other period as
<br /> applicable law cnay specify for rcinstatement) befare sale of the Property pursuant to�y power of sale oauainod in tlus
<br /> Secvrity Lnstrumpx'or(b)envy of a judgment en�occing this Sect�*iry Instn�eot.Thoce cond�tiot�s m thu Bo*rawer:(i)poYs
<br /> t,ender a13 suros w6ich then would be due w�der this Security Inswment ac►d the Note ac if no aoceleration h�d ooaumd; (b)
<br /> caua any def�ult of any other oovenaats or agree�aeats; (c)p�ys �II expenses incurnd in enforcing this Socurity Instnuna�t.
<br /> i�Iudi�g:but nat timitod to, rr�uc,:ibte attorr�ys'fees• and{d)takes such action�l.r�er may reasonably roquire to�.cwre
<br /> t�t the lirn of this Security Instrun�.�ot. Lendex's rights in the Property and isortower s ooiigaiiai�o{wy uieUutn�iak�u�tt�.,
<br /> this Sewrity insuument sl�Il continue onchanged. Upon reinstatema�t by Borrower, tlus 5xurity
<br /> obligatioas saured hereby s1►a11 r�in fully effeaive as if ao axeleration had occumd.Howeva, tl�is risht to reinst�te sh�
<br /> not�pply in the cxse of xakration w�der pangrrph 17. � .
<br /> 19. Saie d Notr, t.`Lw�e ot I.os� Serviov- 7ht Note or� parti�l intetrst in the Note(toget}kt with this Security�;
<br /> In�tnunent)roaY he cnkl n.!!or more ti:r!�::�6Lh�'!r!�i�!!!!�ti�P rn Aorrnwer. A calr mav resui[in a change in tbe�ntity(�mwn
<br /> • as the "l.o�n Serviar')that coltecu mouthly vaymasts due under the Note and this Sceusit3+Instiurt�ent.There atso may be o�.i,.
<br /> or more ct�anges of the Lo�n Servicer unrelated to o sale of the Note.If therc is a change of ihe L.o�n Sen+iar,[iorrower will be
<br /> giver►written notice of the change in accordance with puagr�pt� 14�bove and appiicable taw.The notice wili sate the r�ne attd
<br /> addrsss oE the new L�oan Servicer and the address to which paynxnts should be m�de. The notice will also cotuain�ny other
<br /> iN'orm�tion required by applicable law.
<br /> �►, u�.�,nextti�c S+.hFtaacea.Burrower sh�ll nat cause or permit the Presence,use. disposal. stor�gt. or rele�se of any .
<br /> 4i�zardous Substances on or in the Property. Bomower sh�ll not do. nor allow anyone else to do. �nything affecting the •
<br /> propesty that is in violation of any Environmental Law. The preceding two sentencex shall no*. apply to t{ie presence.use. oi
<br /> sturage on tM Property of sma!!qiantities of K�ardous Substanoa ttut�re �enerally recoYnized co be appropnate to norn�l
<br />– tuidesstiai uses and to maintrcL�+st of lhe Propetty.
<br /> r,o.a er• ' Caren 301i 9190
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