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<br /> �substantia�ty�quivc►lent mangaqc lusurencc roverage Is not avail�blo.Rorrowcr shall pay io Le.�uler eACh month r sum a�ual to _
<br /> onc-:wclRh of the ye�uly nx�rt6�8a�nsuraiuc Areanium l�eang�aid by[3orrowcr when di� h�su�'nnce cavern�tc lapscd or ceused to
<br /> Ix in effrce.[.et�er wlll ucccpt.lir.�aud retni��tlicti�p�y�+�cnts ay n las� r�serve in lieu of rrx�rt�;nge insurance. L.oSs rescrve
<br /> payuwnta►z�ay nu Inngcn c��•��ul►�cci�nt cli�cti�atloji c�t I�:ndcr� if nuijt�u�±c iusumure c��vcra;s�(hi ¢hc umount tmd fur tlic pericxl --
<br /> thot l.c�xlc:r requires)prcovldcd hy nn inKUrer c�npruvcd by t.c�xler again tkct�r»:9 QV1�II:tYIIC[i�ll�IS O�ftAIUCiI. 13sirruwe��shaU �a}�
<br /> �he premium.r rcquirc�cl 10 ma�ntuln nw�lg�gc i�tieur�►xc�n�fFcct,or t«pruvidc a losy reserve. umil thc tcqulrcnxnt fc�r mnrt�age�9�
<br /> insura�nce ends in acrnrdenco with eny wnttm a�rcen��►t bctwcen R��rrowrr mca l.endcr car�p�►Iicable luw. �
<br /> 9,Inapeclbn. Lender or lts ugent muy ma►ke a�M�nablc entries uEx�n atxl inspect ions of tho Praperty. 1.nxler Rludl givo
<br /> Borrower notice At the time uf or prior ta an in.�pection Kpecifying�tasonnble c�usc for Iha in�:px�tion.
<br /> 10. Cande+nnoll!�n.The pmceeds of s+ny uw�rd�r cl��m for d�mages. direct or ro�z�equsntiAl� In connectian with anyN
<br /> condemnatian or other!aking of any pu��oE t�w Frui,:ct„or fa?rnnvcy�+nce ���I�eti of coix#4mna�tlon, are hercby ussfgnal ui�d Q r_.
<br /> shall be psud to I..ender. n the rocoad�shall bo App��od to the�ram�s.xcured by this Security Instrument,�
<br /> In the evcnt of a totul tnking of thc �'rope Y. P
<br /> whether or nM then due. with any excetis paid ta Borrower. In tho cvent of �partial taking of thc Propccty In which the fait
<br /> market valuc of thc Peopeny imnxdietely befur�the taking is equa!to or grcate�thun t�e anaunt of ttx sums suural by thi,
<br /> Security lnstrument immocliately befarc the taking,unlcss Hurrower anc!I..r.ncler othtrwise egra i»writing. thc sums stc;utod by
<br /> this Security Inatrumsnt shall bo reduced hy the amount uf the procxds multiplicd by tt-ic following fractio»: (a) the t�al
<br /> amount of the sums secumd immal�ately betorc thc takin�. divldtd by (b)the fair m:uket vdue of thc Praperty immodiately
<br /> m
<br /> tKfara�he taking. Any balancc shaU be puid to Botrower. In the event of u purtial ts�king of tlic Praperty in which the a r
<br /> ir�9.rket vaiue of the Pmperty immadiately befare thc taking is less than liia arnount of tlx sums sccurod immediately befon the
<br /> tnkinII,unless E3arrower and Lcnder otherwise s�rex in wnting or unlass �pQlic�blc law ahenvisc provid�s,the procecds siull
<br /> . ba applied to the sums socured Uy thie Security Instrument whether or nnt tlu sums are tixe due.
<br /> if the PropertY is abmxlon�cl b9 B°n°wer,or if,aftor notica by l.ender to Borrov�*erihat thc condcmztor o�'fors to maece an
<br /> awnrd or setde n claim for dam4gos,Borrc►wer fails to �espond to[.ender within 30 d�ys efter the date the notice is given.
<br /> I.�nder is authoriud ta colloct and apply the Proce�ds,�t its option,eithcr to restoration a cepair of the PrapeRy or to tht sums
<br /> sccured by this Socurity Inst�ument,wh�ther or not then�1ue.
<br /> Unless Lender unci Borrower otherwise aBrGe in wrtting, an)� epplication uf proceeds to principal shall not extend or
<br /> postpone tix d�ea date of the monthiy payments referral en in�eragraphs 1 ond 2 ur change tlx sxnount of such payments.
<br /> 1Z.�orraw.c�,Not Reles�sed���gy I,�rnder Not a W�ive. �xtension ot ttic time for payment or modific�tion
<br /> of emottization of 1he sums secured by this Sa�urity Instcument granced by Lender to any sucassor in intorest of Borrow�r siwll
<br /> not op�rate to retease thc liability of tl�original Rorrower or Borrower's succes.sors in interat. Lende�shall not be ttiquirad to
<br /> armm�nce procced�ngs against any successor m iGterest or refuse to extend time for paymr.nt or oti►�rwise m�od'u"y anx,►i����a�.
<br /> succ�sars in in arest. Any fa�eiby l.ender in ex`erc�ising any gh��eybstullenot�be a wai cr of or proclude the
<br /> exercise�f any right or remedy.
<br /> l2. SYOOeASOre and Asdlgn4 Aouad; 1'oint nnd Sever�l LiaMlity;Co-siSners-'ihc covcnenfs ar�! �greerrknts of this
<br /> s•
<br /> �Security Insfrument shall bind and benefit the sucassors and essigns of Lender and Bor�rower, subjact to the �'ovisionv o
<br /> �,;�Yararauh 17. Barrower's cnver+ar►ts and agreements shall be joint and severaL Any Be�rrowerw ho o�nB tiihcnnv�tha
<br /> ' Instrument but doos nat exacute the Note: ta) is co-signing u�i� �i�i;u��i i�.n"ir�:..�,.^ �:� s°�n�-�"- n--
<br /> . �3otrower's 9nterest in the PrupertY w�der ths terms of this Securiry lnstrument;(b)is mt personr,l�y ob�igated Yo Fwy the sums
<br /> � sdcurod by this.,Sacurity Instrument;and(c)agrecs that I.ender and any other Borcawer may�gree to ext�nd,modify.fo�trear or
<br /> ��ma{�e any acarri►rnqdations with rcgard to the terms of this Security Insuument or tht t�1de without thst Borcower'a oonsent.
<br /> � �g,�o�t C}�raes,If tbe loah securod by th�9 S�x�►rity Insttument is subject tQ a law which sets maximum loan charges.
<br /> and.�thnt law is finally in!erpreted so that the interest or other loan chargcs col�ectod or tv be cn��ected in oonnxtion with the
<br /> �pt��n oacad the permitted lim�ts,then: (e)any such loan charge shall be reduad by the nnnount necessary to roduce 1he charge
<br /> to the'ptrmitted limit; and(b�l any sunns already collected fcom Borrower which exc�a�dai permitted limits wa�]bo rtfunci�d to
<br /> Borrower. Lencier tney choose co make this r�fund by reducing the principa1 owed nnder tt�e Note or by making a diroct
<br /> payment to B�mnwer. If a refu►�d reduces principal, the roduction will be treated is z parcial p�aYmenc without �ny
<br /> pcepayment chuge unier the Note.
<br /> Y4.Notioes.Any notic�to Borrower provided for In this Security Insteumenc�all b�given by deGvering it or by m�iling
<br /> it by first dass mail unf�cs flpplia►ble law requirss use of atwther metl►ad.17x notic� shal�b�dircctal to the Prqxrty Addrcss
<br /> or any other address Horro�wer �lesignates by noeice to I.end�r. Any notice to I.��dtt shdl be given by nrst cl�ss mail tc�
<br /> L,ender's address statod he��n or any aher address Lc�xlcr designates by notice to Borrower. Any ratice provlded for in thia
<br /> Security Instcumern�;hall be doemod to have been given to Bonower or I.ender when gi�•eR as provided in this paraAraph.
<br /> 15.Gover�:�g I.t►w; S��a�btuty. This Securiry Insta�ment shall be govern�d by fe�eral lew and the law of Itiie
<br /> jurisdiction in which the rty Is locatod.In the event th�t any provision or clauseof this Security Instruma�t or ti�e N�T¢
<br /> c�nflicts with applic�ble IAw.�,such conflict shall tat affect other provisiom of this Secuety latuumatt or the Note which can be
<br /> �'svon effxt wittaut ttic�tx��,4Jattiq$provision. To this end the provisions of this SeGUrity Ir,uniment and the N�te su+e da:l�ral
<br /> to be xveroble. � '' '
<br /> 16.Horrower'e CopY•�►�wer shall be given one oc�nfomxd copy of the Nnt� ancl bf this Socurity Instrumrnt-
<br /> 17.'�rAms[er o(tde PXOpc+'ty o�'a B�peefk��s�1 Iaterest in Borradv�rr.if ali or•�tny pan of thc'Propercy or any intarLSt in it
<br /> is sold or nansfsrnod(or if�i bec�eCcia]inteiest in Bocrower is sold or irunsSerred vnci�irrower is��ot a r►atural pecson)without
<br /> i.,ender's prior written cunsent, I.cixlet may, at its oplion, require invnecliate �t�}�pxnt in �Full of ali wms socured• by this
<br /> Security instramsnt.Howc>>c:r,this optiad shall not bs exercisal by L.ender if e:tercise is prohibited by fadeea�J�w as of the datp
<br /> of this Securiry" Xnstroment.'
<br /> If[,ende.r 2x�rcises this option,L.cnder shall give Borrc�wer noticc.of auceleration.Thc natice shall providt a period of nqt
<br /> less chan 30�3ays from the date t1�C nodcc is delivered or n�ailed�v:�s'tun which Iiorrowcr muat"}�ay all sums securod by t)�iis
<br /> 5ccurity Instniment.If Bor:rower fails ta pay these sums prior to the expiration of this period. Lender m�y i�ankc any remcdies
<br /> permitted(ry this Security inswment without further notice or demand on Borrower.
<br /> 18. Bor�+ower's Right to Reinstate. 3f Borrawer me�ts cextain conditic��s,Bo:rower shalJ have'iz�e riglit to have
<br /> enforcement of this Security Insttument discontinuod at any time prior to the etir�ier of:(a) 5 dnys(or KucP�other periad as
<br /> applicabte law n�ay specify for rcins:atemtnt) before sale of thc Froperty purs�atit to eny.power of sale contaired in this
<br /> Socurity Instrumu►r,or(D)entry of a judgmrnc enforcing this Security Instrument.Tiwse conditi�n�are that Sorrower:(a)pays
<br /> Lender all sums which thcn would be due under this Socurity I��suument :and tht I�de as if no aoocicration haci occurred;(b)
<br /> cuns any default of a�ry other wvcnants or agreemcnts; (c)pays all expenses incusrad in cnforcing this Security Instrument,
<br /> inc�uding,but not limital to,reasonable attorneys' fees;and(d)takes such action as Lendcr may reasonab{y require to assure
<br /> that the lien of this Socurity Instn►ment,I.cixlcr's rights in the Propeity and Borrower s ubligation to ps+y the sums sccurod by
<br /> ._ �v..�. :�.....,,,e.,. chall n,�uinue unchansed. Upon reinstatement by Borrow�r, this Secunty Instrument anG 1ho �
<br /> � iiva .�c...n...� .. .....» - --- .
<br /> obligations scxural hereby shall remain fully effectivc as if no xceleration nad occurna_nowover.[nis rigiei io Rirrsiaic s+va�i —'
<br /> not apply in the case of ncceieration under par�grdph 17.
<br /> 19. 5ale ot Note; �Change oQ LoKn Set�tcer. 'Phe Note or a partial intenst in the Note (togethcr wttli diis Securiry
<br /> [nsttument)nwy bc svld onc or more times without prior noticc to Borrower.A sale may result in a change in the entity(known ,
<br /> as the"L,oan Serviar")that collccis monthly payments due und�r tiie Note und this Sauriry lnstmment.There ulso may be one
<br /> or more changes oF tht Loan Servicer unrelatal to a snlc of the Nnte. If there is a change �oFthe Loan 5ervicer.Borrower will be
<br /> given wiYtten noeice of the chan$e in aaordance with paragrnph lA abave ai�d applicable law. Tha noticc:wil!state the name and
<br /> address of the new Loan Serviccr•rnd the nddress to which paymen�ts should bo ma�. "fhe notice will also cantain any othet
<br /> inforn►:�tioa required by npplicablo(�tw.
<br /> 20. fiezardous Substanceo.Borcower shall nut causc or pertnit tlic presenc�,usc,dispos��1, sto�age, or release of any
<br /> Hazardous Substan:es on or in the Propcny, Borrowcr sh�ill not do, nor allow anyonc else to do. anything affecting the
<br /> Property that is in violation uf uny Envi�onmental l.aw. The precoding two sc:ntenca si�all nut apply to thC presenee. uso. or
<br /> - storege on thc Propcety af smalt qa:uuitics of Hu�ardous Substanoes that are generally ruogriized to be appropriate to nornial
<br /> residcnNal uses and to maintenance of the Pn►perty.
<br /> . P�pe�o�0 Form 3028 9190
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