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<br /> " substantially equivnlent mortgage insurance covernge ia not aveilable,BoROwer shull pay a I.ender eacb n►anth�sum equal to •��_.,;.__-.s_�_4
<br /> ano-twelfth of�he early mortgege insurance remfum bein aid b Burn►wer when the inwrance rnvernge lopsod ar ceaRed to �- " "''"'�-"'
<br /> " • �be in efFoct. Lender will accept,use and retain�hese paymenti as a loss reserve in lieu of moRgage insurance. Lors reserve �"'�_---,
<br /> • payments may no longer be requircd,at the optian of I.ender, if mm�gs�ge insurence coverage(in the umount nnJ far the period
<br /> - _. -.--- - thet I.en��* rer�uinw)nrovide+rl by an in�uircr approved bv I.ender opoin becomes available�td fs obtained. BoROwer ahall pay �_ -
<br /> . • �� , � the premiums requircd to maintain martgage insurence in effect,or to provido a loss reacrvc,unbl the reqwremen�ior mortYa�a —=-: °
<br /> insurana enda in accordance with any written agrament between Bortower and Lender or appllcable ipw. °'--�---
<br /> � ~ 9.ln�patMn. Lender or its agent rtwy make reasonable entries upon ar�d inspections of Iba Property.Lender siwll Qivc '* '�'
<br /> ' 8orrower notice at Ihe time of or prior ta an inspection apeciiying rauonoble cause for lhe inspection. y�J ' . �
<br /> ' � 10.Condemnatlon.The proceeds of any award or clpim for damoges, dircct or cansequentiol, in connec�ian with uny �. •�
<br /> . � condemnstion or other taking of any pait of the Property,or for conveywux in lieu of condemnation, aa heveby essigned and �---..�--- '
<br /> - � ahall be Ewid ta L.ender. �•°�+r�"���"
<br /> lu Uic cvrnl uf a tuud laking uf lhe Propedy.�he procads si�ail be appiiai to t6e auuie�ex:uiad by this�curiry Instnttrsent. ""`'-°`-
<br /> —�.� --- - 0 �vhether or na thrn due, wfth eny e�ceso pnid t�H�►rmw�r in the wem of a panial takinK uf the Properly in which the fair �_:___ ..J_.,_ �A_—
<br />��� ` !� msuket value of the Property immediately before the teking is cqual to ar grcuter than the w�nwnt aP thc sums sccurcd by th�s j�•T,,;�:�-:-�—�
<br /> ' Secu�ity Instniment immediately beforc the taking.+mless Bomower and Lender othcrwise sgrec in w�iti�g, the sums securod by ;
<br /> this Security Instrument shall be rcduced by the amount of the praceeds multiplied by �he iollowing fractian: (a) the towl 4.� � �r�,�:� . :
<br /> . _ - / emount of the sums securcd immediately before the taking,divided by(b)the fair market value of the Property immedlately ' ' ;�
<br /> � beforo the taking. Any halance shall be paid to Bonower. In the event of e partial taking of the Property in w h ic h t he fa ir
<br /> � market value of the Prapeny immedietely before the taking ia less than the amount of the sums securcd immedintsly beforc tho �
<br /> taking, unless Borrower and Lender othcrwise agrce in w�iting or unless applicable law othenvice provides,ihc praoeedc chall �
<br /> � be apPliai ta the sums securai by this Security insmimeu�wncii�cr ur nut�Lc nw��.5 ere then due. ` '• " '
<br /> If the Property is abandoned by Borrower,ar if.aRer notice by Lender to Borrower Ihal the condemnor offers to make an �,�.,��;,..•�:�*�`:,�.,���
<br /> award or settle a claim far demages. Borrowcr feils to rcspond to Lender within 30 daye after the date Ihe nolice is given.
<br /> Lender is authorizad to colicet a�d apply the proceeds,at its option.either to rcstoration or repair of 1he Property or to the sums
<br /> securod by thie Securfty Instrument,whether ar not then due. .__ _
<br /> i Unless Lender end Borrower otherwi�se agree in wri�ing, eny application af proceods m principal shall ix►t eatend ar , ,.;: `'
<br /> � 1 postpone the due date of the monthly paymcnts referred la in Paragraphs I and 2 or chenge�he amount of such pAyments. j ..�:F � _.
<br /> , t 1.Bonower Nat RdeASed;Forbearance By Lender Nat p Wafver.�xtension of the time for payment ar modificaUon 4.�-"�;;� �,,._.-.
<br /> of emortization c�f Ihe sums secured by this Security instrum;nt grunlal by L.e n der to uny successor in interest o F B oROwer s h a l i " �,��- — �
<br /> � I nat operate to release the liability of the o�iginal Borrower or 8orrower's successa�c in interest.l.ender shall not be required lo � ��".
<br /> commence roceedfn s a ainst an suceessor in interest or rcfuse to extend time for a ment o�othetwirx modif amorlizution • -'===°
<br /> j of the aums aecuredBby g his Security lnstrument by rens�n nf nny demand made by the original Borcower or Bonower's � � ���d��;"�:'.
<br /> . ' succeicsors in interevt. Any forbearonce by L.enJer in exercising any right or ren�ody shull not ix u waiver of or preclude the `•_���'�-_
<br /> ' exercise of any right ar remedy. �4---
<br /> i . .�'a��-��:
<br />_ � � , 12. Succe.ssats and A�.sigac Bound; Joint end Severol I.iability; Casignern. The covenunts and +�reemen�R of this 4:..�_ _
<br /> . � Securily I�strumeM shall bind und Menelit �he ,�ucces.4ars an d ass igns a f L en der an d R oROwer, xu bject to I he prov ie ions o f �a i,�_��i;
<br /> • ! paragrnph 17. Banawer's cuvenants und agreemants shall be Joint and severul. Any Borrower who co-signs this Security ��•�;
<br /> Instrument bul does not execute the Note: (a)is co-signing this Security Instrument only lo mohgage,grant and convey thnt °�='�'�
<br /> ..t,.
<br /> i Borrawer's interest in the Property undcr the�erms of this Security Instrument; (b) is not per4onally obligatai to pay �ha suma
<br /> � secured by this Securily Insln�menr,and(c)agrees that Lender and any other Banuwer may agree to eatend.modi fy, forbear or . ,
<br /> , make ony accommadaliana with regard to the terms of Ihig Security Instrument ar the No1e withaut Ihat Bc►rrawer's consent.
<br /> - � 1 3.L osn�i wrges.i f�he ioan aecu re c i by i his S e�tiri ty in�trwi�u t i, su Ljrx l t�a ia w w l i k h s e i s n t a x i m u n i l o a t�c h a r g e s, r:�.R���_ --_
<br /> - " snd thnt Iaw is tinally interpreted so that the intere�t or other loa�charges collec�ed or to he collected in cannection wi�h the �e,��
<br /> loan eaceed the permitted limite, than: (a)any such loan char�e shall be reduced by the amount necessery to reduce the chnrge � , �p'���v!�
<br /> , to the permiued limit;and(b)any sums already collected from Bormwer which excceded permitted limits will be refunde,�l t� � �� ���.�.Q,-''�
<br /> Borrower. L.ender may choose to make this refund by reducing �he prirx:ipal owecl unJer the Note or by making u direct � ,,, ��-__-,��
<br /> poyment to Borrower. If e refund reduces principal� the reduction will be treated as a partial prcpayment without any __-
<br /> . prepayment cherge under the Motc. • ;, • . __
<br /> 14.Notice.s.Any notica to Barcower provided for in�his Securily Instrument shnll be given by Jelivering it or by muiling � • _
<br /> it by first class rnnil unless upplicnble law requirec use of�nother mNhad. The notice shall be dirccted to the Property Address • � . -
<br /> • or nny other address Borrower designntes by notice to l.ender. Any notice to Lender shall be given by first Glass mail to �• '�_��.
<br /> � ' Lender's addrcss stated herein or any olher nddress l.e�derdesignntes by notice�o Bnrrower. Any notice pmvided for in this , � ' ,��__
<br /> � Securi�y Instrument shntl be deemed to have been given to Borrower or Lendcr wl�cn given as pravided in this paragraph. -;�:
<br /> I 1S.Governfng Law; SeverAbility. This Security Instrumerx shull be governed by federal law and the law of the � �
<br /> jurisdiction in which the Property is locuted. In the event�hut any provision or clause of this Security Instroment or�he Note
<br /> � conflicts with applicable law, s�ich rnnflict shall not nffect Mher provicions of this Security In4trument or the Note which cun be
<br /> � given efPecl without the rnntlicting provision.To this end the provfaions of this Security Instrument and ttie Note are declarod
<br /> to be severable. ' '�'�'`'���
<br /> 16.Borrower's Copy.Borcower shall be 6iven one conformcd copy of the Note and of this Security Insirument. � ?�-•:�"_-
<br /> � l7.Transfer ot the Property or a Beneficlal Interest in Borrower. If all ar any pan of�he Propeny or any interest in it � �. �
<br /> + is sold or transferrod(o�iP a beneflcial interest in Bonowcr is sold nr transfe�red ond Borrower is not a nutural person)without �•• . .
<br /> � Lendcr'a prior written consent, Lender mny, at its option, rcquire immedinte pAyment in full of nll sums secured by this ,
<br /> , Security Instroment. However,this option shall not be exercised by Lender if exercise is prohibited by federel law as of the date _
<br /> � of this Securi�y lnstrument.
<br /> � If Lender eaercises this option, L.ender shall give Borrower naice af acceleration.The notice shall provfde a period of nat "
<br /> i less than 30 duys from the date the nutice is delivered ar mailed within which Borrower muxt pay all sums secured by this '
<br /> ' Security Instrument. If Borrower fails to pay lhese sums prior to the expiralion of this period. I.ender may invoke any remedies
<br /> permitted by�his Securiry Instrument without funher notice or demand on Borrower.
<br /> � 18. Borrower's ltight to Relnstnte. If Borrowcr mccts ccnain conditions, Borrowcr shull have tltie right U� have
<br /> enforcemcot of this Security Instrument discontinued at any time prior to the earlier of: la) 5 Jays (or such other period as
<br /> � opplicable Is►w rnay specify for refnstatemem) before sale uf the Property pursuanl to any power of sule contained in this
<br /> _ _ Security Instmment;o�(b)eMry of n juJgment enforcing this Security Instrument.Those condi�ions urc Ihal Barrower:(ul pays �
<br />- l.ender oll sumc which Ihen would be due under this Secudty Instrument and the Note as if na nccelerntion had occurred;(b)
<br /> cures�ny defoult of Any other covenanls or agreements; (c) pays all ezpenses inrurred in enforcinF this Security Instrument,
<br /> including, but not limited to, reASOnable uttorneys' Pees: and (d)tnkes such action ns Lender may reasonubly rcquire to assure
<br /> that the lien of this Security Instrument. Lender's ri ghts in�he Property und Borrower's obligation to pay the sun�s secured by
<br /> this Security Instniment shall continue unchanged. Upon reinstatement by Borrower, this Security Instrumem and tl�e
<br /> � obligations secured hereby shull remain fully effective s�s if no acceleration had occurred. However, this right to reinstete shall
<br /> not apply in the cnu of ncceleration under para�raph 17.
<br /> . 19. Swle of Note; ChAnge of Loan Servicer. 'I'he Note or n p•rrtial interest in the Note (together wi�h this Sccurity
<br /> � InstrumenU may be sold one or more times without prior naice to Burrower.A sulc nmy result in n chunge in the entity(known
<br /> oc thw "1 nun Grvirar"1 ehof rnllanee mnn�hlv nov..w..1�du.u...lo.�6e AI..�e.....1�Mi.. C.....�:...t.....�......... �r�.'_' -�-__'-"�' "'-
<br /> � _. ...- -_-""'..._. . ..._._....__._...........� r..,r..._.................... .........�«.........,...w..y ..........��..�.. ..����. u�.x.n�ay�ti��nc -
<br /> _ or mnre change�of the I.oan Servicer unrelnted to a snle of�he Nute.If Ihrrr ic,i chunge uFthe Loan Servirer, BnrroWC�Will bC
<br /> given written nntice of the change in accordance with purng�aph 14 above und applirnble law.The notice will xtate the name and
<br /> addrcss of the new I.oan Servicer anJ�he address to which paymems should be made. The notice will alsn comain any �Hher
<br /> information requiml by•rpplicabte luw.
<br /> 20. Hu�urdnu.�t Subst�nc�.w. &irrowcr shull ni�t cuuu ur pern�it �he prc�rncc, usc,Jix�►sul, .t.ttu�c, ur relrc��c ot'uny
<br /> � Hnzanlous Substances an ur in the Propeny. Born►wer shall niit d��, nor ollow anyiine el�e 1u du, am•Ihing ulT�tiiin� �hc
<br /> Pmperty thut is in vinlation��f nny Environn�ental l.;�w. Thc prcc��ling tw�i�rmencez shnll niN upply to tlic prc�rncr,use, ��r
<br /> stora�e on the Propcny of small yuantilies i►f 1latanlous Subs�ances Uiat are generally recu�nizcJ tu tx apprupriale to nonnul
<br /> residentiel usec und to maintenance of the F'mp�:rty.
<br /> r°�N 3 0�� Form 3028 S180
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