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<br /> �� � ,ub+a:�uiall� ryurvalent mung:�e imur:�nrr c„�rrs�:r i• n�u s�m]:�hlc. Burrciµrr,hall pa} to Lcnder e��h nKmth a�um cyual u, ':. ` � . � ` _ _ u. _ �:_ :
<br /> � une-tweltth u[the}•eariy�nortga�e�n.ur3nce premium hr�n�paid h� Burrnucr«h�n thc mtiuran�c����er:uzr I.�p���i c�r�ea�ed to . . `?; r�_;°, �: _ ��
<br /> be in r(fert. Lcnds:r«�II acrept,u.e.tnJ rctam th��r paymrnt.a. �lu,ti rrti�n�in liru ut murt�:u�� m.uranc�. Lu.ti r��en•e • ` '�:��
<br /> _ • prr�mcnt�ma� nu longcr he reyuired.at thc��puun ut Lrnder.�I nwneugr m.urencr ru�rragc i in the amuunt and tur thr penud . :�. �. � _ .
<br />--- th3t I.cndcr rcyuir«►pru���d�xf b} ;u►m,unh sppr��<<J hy� L:�u3_r sr:ein t+�tiomc�a�a�lahlr ,�nd�.,,htauir�t. f��tt�>>+�cr.tull�Sa� �---T-== -
<br /> ` thc prcmium.reymrrd tu mainGiin m��n�sge�u+urancr m cifert.�x ti�prm•ide s I+�s.re.�ne,untd thc r�yuirrment li�r m��rtga�_e � -�
<br /> ' in,ur;utcc enJ.�n aaur�ancc aith;tn} Kritten agtter��nt b�tnrrn Burruuer anJ L�ndrr ur applirabl� I:n� , . .�
<br /> 9. Inrpertlon. t.rn�i�r or it+sgent ma} nvshe reaumablc cntrie. upon and inspcxtH�m ut the Prnperty.Lendcr.hall ri�•e
<br /> Burru��cr nul�c�at thc time of ur pr►ut tu an impection tiperiF}ing rca.onable rau,c Jur thr intiperuun.
<br />. . 10. t'oademnsstiun. The proreed, ut any au•:ud or claim tur dumag�•. dircct �:r mn,eyuential, m �unn�titiun w•ith :uiy ; . .. -
<br /> cundrmnatiun ur uther tal.ing uf an� part of the Pmperty. ur fur runceyance in liru u1 cunJ�mnau�,n.�rc h�reb� ati�i�:.ned and � � � .
<br />' ,hall hc paiJ tu L.rnJer. ' - ' �
<br /> In thr<<ent uf a tutat tak�ng ui thc Prupen�.ihe pro�ecd.+hall he spphctii to the,um.+crurcJ hy thi. Sccunt} In..trum�nt. -
<br />- ��trcdier ur nut then du�, wtth an} rrcc*� paid to B��m�«�rr. (n thr r�ent of:�pactia! taking c�t the Pn+p�n} is� ��hich the f:ur -__ __-__r
<br /> � mart:et calue u(the Propert� immcdiatcic heFore thr l:ilcinz i+ryu:�l cu or greater than thr:smount ��f the �um� +erurra! b} this - . • • _ .
<br /> Serurity Imtrumcnt immcxiiately betitte the taking. unle�+Bum�wer and Lxnder o[henvi,e agre�in�rnting. th��um�+rcur�i b} __
<br /> th�. Sctiurity la+trument �hall be reduced b� the amnunt uf thr prorc�cd. multiplictii by the li�Uu�ti mg fraction: (a) the totxl ___ - ,
<br /> amount uf the �um+utiured immediately befnre ihe taking. divideJ by�b)the fair market �alue of the Property immediately __ W �A,�
<br /> betim thc taking. Any balancr .hall be paid tu Bc�rrower. In the event of a partial taking uf the Prupen}� in a•hich the fair -�;=��: �. � �" `
<br /> ,,i.t,:�.,,;. -
<br /> � market�alue of the Pniperty immediatrly hefure[he taking is le�s than the amount of the sucns secured immediately b�fore the .'�'":" � _`'°�s
<br /> taking. unle++Buttuu•er and L.ender uthentii.e 3gree in w�riting�v unles.ti:�pplicable law utherwi,e provide,.the proceeds shall u 4� '�"�;
<br /> , be applieii w the au�m uxureJ by this Secunty inatrument whether or not the sumy are then due. ._--a- � `
<br /> � If the Property ia:�bandoned h�• Burro�3•er,ur if,sfter nutire hy Lender to 13�rro��er that the c��nJcmnur oYien tu make an -�;';'�:���,
<br /> � .;" a�vard ur settle 3 rlaim for J:tma�e�. Bnm�wer fail� w rr�ponJ t�� L�:nSer�vithin 3U da•+atter the Jate Ihc nutite i+ iven. ;'•. '�```��a;'-��_'
<br /> y g '� , .:. .,��;�X__:::.
<br /> Lender is authori�eJ tu rullect:md:epply th:procecd�.at it+��ption,either to restoration or repait of the Priiperty or to the+ums �'����, ,...-:�
<br /> secured by thi+Security Imtrument.«•hrther ur not then due. �.-• � `
<br /> Unless Lender and Sorrower utherwi+e agree in writing, an� appfication of proceeds to principal shall not extend or �:•.�.»r �J�, ��.
<br /> ° po,tpone the due date of the monthly payments referred to in pxragraphs 1 and 2 or change the umourn��(tiuch paymentti. t:,•r.'•_. �`�"�•� ,�."�
<br /> • IL Borrmwer Not Released;Forbearance By LeRder Not a R'alver.Extentiion of the time for payment or modification �•,tlt�'• ..;�:.f;��=.,_
<br /> r.,�:: r -
<br /> of amoctization of the�ums,ecured by this Securi[y Intitrument granted by Lender to any succe„ur in interest of Borrower shall .����!„ ^- . ,ti..,,,. ,s,_o.
<br /> - not operate to rel�s.+e the liability of the original Borrower or Borrower'�succ�.wrs in interest. I.ender shall not be reguired to °,"`y!!";� � �
<br /> commencr proc�dings against any successor r.n interest or refuse to extend time for payment or othensise modify umonization _�:_sc:�:r.��k,� �. _;_
<br /> • ti s s red b this Securit Instru�ent b reason of any demand made by [he original Borrawer or Borrower� ,;.-_. -r�;µ�s�;�• ��;s�
<br /> .sy of the .um ecu y Y Y '�- ��'
<br /> succes.tiors in intere+t. Any forbearance by L.ender in exercising any right or remedy shall not be a waiverof or preclude the `f��,4, :. �;�?�+,{.,•~•�Yn�=:
<br /> • ' exercise of any right or remedy. rf � � � �'���
<br /> ��?�� � • •
<br /> ..;�:�: 12. Successors and Assigas Bound:Joint and Severaf Liability; Co-si�ners. The c�wenants and agreemenGti of this '� .. ";;"'" °"'� �f-=.'
<br /> ne :�5 �' ..,r�:,;;."�..�
<br />�;,.'f);-:�; Security Instrument shall bind and benefit the �uccessars and �nsigns c�t l.ender and Borr�wer, subject to the provisians ef r Er..,�pr° � ,
<br /> �` paragraph 17. �grrower's covenants and aereements tihall be joint .:r:� �everal. Any Borrower who co-signs this Secmein , ���
<br /> �'��,��y InstNment but cZ�^�s not execute the Note�iva is crosigning this Secua;� Instrument only to mortgage. grant and convey� ��.': ,;.
<br /> ,� �� r!;.
<br />-;`r{t.� Borrower's inte�t in the Prcaperty under ue terms of this Security Instrument: (b)is not penonally obligated to pay the s�s ?;. � '-
<br /> , . : ''...�.y r,f...-.
<br /> _' sec:a:red by U�i�Seiurity [nstrtci�:�nt:a�►J(c)agrees that I.er.der and any other Borrower may agree to extend,modifi�.forbear o- w+.' �`'c� � --
<br /> ' ' ' m:"�•r any accommodations Kit3i regard to the terms of this Sxurity Instrument or the Note without chat Borrowei s consent. '��*'.:;��:•..�
<br /> � l3. Loan Charges.If the loan secured by this Security Instrument is subject to a law which seu maximum loan charges. '{y ; _ _
<br /> � ,r',�%;i� �..:. ,
<br /> and thai law is 6nally interpreted so that the interest or other loan charges coltected or to be collected in connec[ion with the , ,_,�,u.., ;��
<br /> ��''.��E 3.` loan exceed th��rmitted limiu,then: {a)aay such loan charge shal!1�e reduced by the amount n to reduce the char e •�:.
<br /> ecessarY S ,,,• :�i�,:•. '�s':
<br /> _""�- to the peznitted limit:and(bl any sums:.:r�dY co2lectes! from Sorr^�zr�v h ic h excee d e d permitt�d limi te wi l l he re fun d e d t o a•i;'�r��,.�,__
<br /> ' Borrower. Lender may choose to make this refund by reducirrg the principal owed under the Note or by making a direct
<br />' payment to Borrower. If a refuncl reduces principal, the reduciion will be veated as a partial prepayment without any ''�'�� �:-,_
<br /> .; •. . ,,.t ..
<br /> ' prepayment charge under the Note. ,- ' '
<br /> �•�i.�:, � ..��-
<br /> �.�. 14.Notices.Any notice to Borrower pravided for in this Securit�. dnstrument shal!be given by delivering it or by mailing �;::.�;'���a•
<br /> � it by first class-�ai1 unless applicable law requires use of another me'����3. The notice shall be directed to the Praperty Address �,��.
<br /> ` or any other address Borrower designates by notice to Lender. An} notic:e to Lender shall be given by first class mail to ;�:,�.•;,�;•,��,�.
<br /> , � Lender's address stated herein or any other address Lender designates by notice to Bonower. Any notice provided for in this __ , ��"� ••
<br /> � Security Instrument shal!be deemed to have been given ta Barrower or Lender when given as provided in this paragraph. '<� �
<br /> � 15.Goveraing Law; Severability. This Securiry Instrument shall be govemed by federal Iaw and the law of �he - °-� �
<br /> jurisdicuon ir w;ach the Propeny is loeated. In the event that any p�•:.�:sion or clause of this 5eeurity Instcument or the Note . �
<br /> �, wnllicts wit�zp-��icable law, such conflict�`�all not affect other pru����:�:s of this Security Instrum Nt or the Note which can be r�i1�=-:;��:
<br /> . �" g��en effect wi[hout the conflicting provis�on. To this end the provisio�s of this Security Instrurtter.e and the Note are declared }�`� • -
<br /> e��hc severable.
<br /> - ��.�,
<br /> rl�y,�..
<br /> 16.Barrawer's Cop3.E.:�-rower shall be given one confarmed copy of the Note and of this Secuary Instrument. • �_•�-.
<br /> 17.Transfer of the[��perty or a Benefcial interest in Borrower.If all or any part of the Property or any interest in it ,�1�,F�•��t;;d.�,.�._,
<br /> . is sold or transferred(or if a beneficial i^:erest in Bormwer is sold or transferred and Bortower is not a natural petsan)without � �r,�:�
<br /> ,•'•.�'� Lender's prior written canser.t, l.ende. r:ay. at its option, rcquire :nur.ediate payment in fu.[� •��,�aU sums secured by this •�'�3 �, ��r�l;�s� ., . _. _.
<br /> ,�,,s .
<br />' ';��`;�F�` S°.,curity Instn:�ent.Howe�-��.this opti.:�stiall not be exercised by l.en���if cxercise is prohibi:�+J'�}federal law as of the date :��{tn>>: ;.,f�,,,.
<br /> `�'`• af�his Security Instrumer.t_ �
<br />- • If Lender exercises t:�r�.s���tion,Lender shall give Borrower notice of acceleration.The notice shall provi�'�,a period of not �_��'�� .,
<br /> iess than 30 days from the date the notice is delivered or mailed wichin �vhich Bonower must pay all sums secured by this ;,,,,,,�,;.�t.,: ���`�
<br /> Security dnttr,;:.::,:nt. lf Aorrower fails to pay these sums prior to the expiration af this period.Lender may invoke any remedies _
<br /> . permitted by rL.�Security lnstrument without further notice or demarc7 on Borrower. ,. _ .��`"� �
<br /> 18. Borrower's Wght to Reinstate. lf Bonower meets certain conditions, Borrower shall have the right to ha�e � '�;�'�'"�`'��.�',
<br /> enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a)5 days(or suc�h other period as -�'�'-"--"="`�_—�'�
<br /> �<:.,,
<br /> applicable law may speciS�y for reinstatement) before cale of the Pmperty pursuant to any power of sa(e contained in this ?,��'%�+;�:�+.4�° �����
<br /> Security Instrm�ient;or(b)en[ry of a judgment enforcing this Security lnstrument.Thase canditions are that Borrower:(al pays �i;�.:.,;}::"��:��."� -
<br /> �:' Lender all sums which then would be due under this Se.�:urity Instrurnent and the Note as if no acceleration had occuned; (b) '�f=��,,;,,;.,-,,, •---
<br /> �•':,•: �
<br /> �„s,%; cures any default of any other covenants or agreements: (c)pays all eapenses incurred in enforci�ng this Security Instturnent. ; , .�•,,.-'=; ..
<br /> ..-;;:.,____
<br /> including,hut not limited to, reasonable attorney,' fees: and(d) takes such action as Lender rttay reasonabty require to assuce �`='`��.,s�,,�„�.���
<br /> that the lien of this Security Iastrument. Lender's rights in the Property and Borrower's obligation to pay lhe sums secured by , •
<br /> . this 5ecurity Instrument shall continue unchanged. Upon reinstatement by Borcower, this Security Instrument and the ��'���``'�4-
<br /> obligations secured hereby shall rema�n fully effective as if no acccleration had occurred. However,this right to reinstare shall :""°`�'"'a"'
<br /> • not apply in the case of acceleration under paragraph 17. ^ '�''
<br /> • 1 19. Satc a�f Note: Change nf Loan Servirer. The Note or a partial interest in the Note ltogether with this 5ecurity �:y. : �."
<br />• � 1 Instrument)may be sold one or more times without prior nutice to Bonower. A sale may re+ult in a chan�e in the antity Iknawn '. .—
<br /> as the"[.oan Servicer")that collects monthly payments due under the Note and this Security lnstrumcni. Therr al�o may be one
<br /> � or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan 5ervicer. Borrawer will be . -_
<br /> ` given written notice of the change in accordance with paragraph 14 abuve and applicable law.The notice will state the name and � �
<br /> address of the new I.oan Servicer and the xddress tu which payments should be made. The notice will alu�contain any other . •
<br /> information required by applicable la�v. • " � �
<br /> 20. Hazardous Substances. Borrn�ver shall not rawe or permit the pre�encc. use. di,posal, �turage. or release uf any . �-„�
<br /> � Hazardous Substances on or in the Propeny. Borrower shaU not du, nnr allow anyone el�e tu Jo, anything affecting the """�`"�"�'�"
<br /> ' -.--- pro�ersy th3t �s in viola+��n �f any Fnvimnmenta! l;,w The nrecrding ttivo.entences,hall nut aQply ta the presence.use,or �_:___�__;�^;__
<br /> ______
<br /> storage on the Property��f timxll yuantitie<<�f Hazardnuti Subtita;ices that are generally rccugniceJ to be appropnate to normal • _
<br /> residential uses and tu maintenanre uf the Property. � . . —
<br /> ' va9.j,�s Form 3028 9/90 • � . �,_.
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