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<br /> ,� substantially equivalent mottgaee insurance coverage is not available. Borrower shall pay to Lender each month a sum equal to , Y
<br /> < . • <<: one-twelfth of the yeaiiy mortgage insttrance premium being paid by Borrower when the insur.tnce coverage lapsed or ceased to �t `
<br /> �`"• - be in effert.[.ender wiU acoept.uae and main�hese payments as a los� resen•e io lieu of mortgage insurance_ Loss reserve
<br /> _ °"� ` =1 � �`•t. paymrnts may no ionger be required.at the option of I.ender,if mortgage insurance co��erage lin the amoant and fur the period �.�^` ��.` _ .'
<br /> that Lendar reguires)provided by att insumr approved by Lender again becomec ac:tilable:u►d is ubtaineci. Bono��er shall pa� ,�"` � ;
<br /> � � �� the premiumn required to maintain mortgage insurance in effect,or to provide a lacs r�erve,untii the reyuirement for mort��� ° '� �
<br /> :<•�;� : " `� iacurance ends in accardance with any written ag�Znent between Borrower and Lender or applirab[e IaH. � - "."-�
<br /> ' „ 9.Inspection. lxreder or it�agent may make reasonable entries upon and inspu-tians of the Propeirty.Lender shatl give � ^` . -=`�t...=
<br /> . • gorrower notice at the time of or prior ro an inspection specifying reasonable cause for the inspection. � `s. ' _
<br /> �� ° 10. Condemnation.The procceds of any award or ciaim for dan�es, direct or consequential, in connection with any r
<br /> �< �. . � �� :._.n�iPmnatt�r�er ert�r taking nf�rw��,rt nf rizg �rn�e.�*.y.^r for c�nve;a�cP in Iia�1�f�ndPrr{n�ti�n,�*C hrrPhv accioanP�8qd � -- _
<br /> -�-��- - �:':� ' shall be paid to Lender. � ` �� -
<br /> �� ' _ la the event of a total taking of tbe Property.the praceeds sh�►!1 be applied tu the sum�secured by this Security Fn.itrument.� � ��"
<br /> � � •`'_. whether or not then dae. �cith any exces.paid to Borrower. In the event of a pania! t:ilcing c.f the Pmpeny in which the fair �' .
<br />" ' ` ,'-'--,c-;�^"` market vatae of the Propetty immediately before the taking is equal to��r grcater than the:unount ut'the,um, ,ecured by this � ' r � °.<��
<br /> � Security Iash�ument immrxiiateiy before the taking,unles,Borroa�er and L.enJer atheru�i,r agrce in writing, the,um.+ecured by t�' '
<br /> _� � � ��° _
<br /> T � , ; thi, Saeurity imtrument +halt br nxlur�tl by the �mount of the prucc�l+ multiplicYl by the fuqu�ving t'ra��tiun: (a1 the totai .t .-- .-
<br /> . amoum of[he sums.ecured immcxiiately hefore the taking, dividcd by� IbJ the fair markct vsiuc of the Pmpcny inuneJiatcly � t�� ��� -•
<br /> � • - before the taking. Any bdlance sfi�il be paid to Borrow�r. In the eti•ent of a psrtiai wking uf thc Pmpert}in whirh the fair •,��. � _
<br />�`�� : ± �' . r market valuc of thc Praperty immuliatrl} beti�n thr taking is le�+ihan the�mnum uf thr tiunt�xrurrd immaiiately hefore the _ ___ `___
<br /> - . . __ •. .� taking,uutess Bnrrower and Lender othenvi�e agrce in writing or unletc appli�ble law othenvi,e pnwide.r.thc proeeeds shalt .� •
<br />:,; , , ' he appliixl�u the.um,�ecur�vi by thiy S:.•curiry[n�trument wfi�Kher or not the sums an thcn due. � � �^ ..;��_.
<br /> � ' 11 Iq�Pruperty i.;.bsnJun�vl hy Burn►wrr..�r if.aftcr nutice by Lrnder tu Borcuwer that tlir cundemuor uffer�to make an t . " --._.
<br />_-• ' , . � aaarJ ur �eitte�claim ti►r dantage,. Borruwer fails tu retipund to l.ender witbin 30 days after the date the notice is given. -°--
<br /> . l.ender iti authorizui to rullect anJ apply tfie pmcc�is,at itc aption,either to restoration��r repair of the Property or to the sums ' "�°•�'�. •Y _.
<br />_ � � � ,ecure�i by tt�is Security In,trument,whether or nut[hen due. L.: . : ;;�.:�"�
<br /> = Unles. Lender and &�m�wer othencix a�rex in tvriting. :ury application of proceeds to principal shall not extend or ` �, ' -
<br /> =�' - po�tpune the due date of the monihty paymentti referred to in paragraphs 1 and 2 ar change the amaunt of such paymenu. ` _
<br /> _ ' 11.Borro«•ee IVot Released;For6earance By Leader Not a Waiver.Extension of the time for payment or madification --
<br /> , ' ��<, of�unortiration of the sum,secured by this 5ecurity Inswment granted by Lender to any successor in interest of Borrower shall � � �:�,,:;z,__..
<br /> � '. � . nat operate to relca�e the liability of the original Borrower or Borrower's succe�son in interest. Lender shall not be required to . -
<br /> - . _ ,, ° conim�nce procee�ings against any succes�or in interest or refuse to extend time for payment or otherwise madify amortiraaon '�''��=
<br />°.�: _ of the suuis secured hy this Sec�rity Instrument by mason of any deu�and macie by the original Borrower or Barrower's : i--�-
<br /> - -- - - ` = successars in interest. Any forbearance by L.ender in exereising any right or remedy shall nat be a waiver of or prectade the ' 'A_
<br /> `- . � `�" � exercise of any right or remedy. . •.�4 , ����—
<br /> • , l2. Successois and Assigas Bound: Joint and Several Lla6ility; Co-signe�s. The covemants and agreements of this � #'�
<br /> f `� � ' 5ecurity [nswment shall bind and benefit the successors and assigns uf Lender and Borrower, subject to the provisians of ' ��``�k�LL�'
<br /> � �„. t,-,��
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<br /> _ , _ , � paragraph 17. Barrower's covenants and agreements shall be'jaine and several. Any Borrower who co-signs this Sec�rity , �:, ;�;�;;
<br /> � }. - � ���' Instntment but does nut exeeute the Note: Ia► is co-signing this Security [nstrument only to mortgage,grant and convey that '"'''' � "T�
<br /> '' ,' Bormwer's interest in the Property under the terms of this Security Instrument:(b)is nnt personally obligated to pay the sums �� -'�
<br /> ; : -•--��_
<br />'"'' � ..3 secured by this Security Inslrument:and(c)agrees that I.ender and any other Borrower may agree to extend,modify.forbear or .. _',�-_::-
<br /> ' � ? make any accommodations with regard to the terms of this Securiry Instrument or the Note without that Borrower's wnsent. ,;:, �,��
<br /> � - ' " 13.Loan Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan c6azges. , '�;'�^-
<br /> '`.n�� ' " ' � � � and that law is finalfy interpreted so that the interest or other toan charges collected or to be coltected in connection with the � . �
<br /> � •• , lnan exceed the permitted limits,th2n: (a)any such loan chazge shall be reduced by the amount necessary to reduce the charge .��•_��`
<br /> < • , to the permitted limit:and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to ,.';,a,.
<br /> • . •, � Borrower. Lender may choase ta make this refund by reducing che principal owed under the Note or by making a direct • � `�i-;P�,: .
<br /> payment to Borrower. If a refund reduces principal. the redaction wiD be treated as a partial prepayment wi:hout any - `` -_
<br /> �� ;,.� _.. . prepayment charge under the Note. , '�''
<br /> � t4.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 law requires use of another n::�hod.The notice shall be directed to the Property Address ", ''r:'_'
<br /> , ' _ or any oiher address Borrower designates by notice to [.ender. Any natice to Lender shall be given by first class mail to ' "� :?,:a;`
<br /> '� �' Lender's address stated herein or any ather address Lender desigmates by natice to Borrower. Any natice provideA for in this ��.�",`�:.�.�-
<br />. ' . , Security Instrument shal!be deemed to have been given to Bnrrower or Lender when given as provided in this paragraph. • � "-�
<br /> . I5.Governing Law; Severabillty. This Security Instrument shall be gavemed by federal law and the law of the � : . __
<br /> �;.,, ' � . . jurisdiction in which the Property is tocated. Jn the e��ent that any pmvisian or clawe of this Security Instrurnent or the Note � ;-a_:r,_
<br /> , confliccs with appticabte law,such conflict shaQ not affect other pm���sions of this Security Instrument or the Note which can be ` --
<br /> ?,.' � �r given effect without the conflicting provi.rion.To this end the prorisions of this Security Instrument and the Note are dectared "
<br /> . t to bc scverable.
<br /> f�� . • ` ;!� 16.Borrower's Copy.Borrower shall be given one conforme�i cUpy of the Noie and of this Security In+trument. -r-_--;'-:`';,�:
<br /> "� � � 17.Transfer ot the Property or a Beneticial Interest in Borrower.lf all or any part of the Property or any interest in it : �' ,��
<br /> . , � is sold or transferred(or if a bene6cial interest in Borrower is sold ar transferred and Borrawer is not a natural person)withaut ;:„•�.'' ,
<br /> ••�� _ . Lender'+ priar written consent. Lender may, at its option, require immecfiate payment in fuU af all sums secured by this •
<br /> •• � � Security Instrument.Howeve�,this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date .
<br /> _. � of this Security Instrument. � � " .
<br />� If Lender exercises this optinn,Lender�hall give Bonower natice of acceleration.The notice shall provide a period af not •
<br /> . � les.ti than 30 days fram the Jate the notice is delivered or mailed within which Borrower must pay all sums secured by this �,�.,� ; ..
<br /> � . � � Sccurity Instrument. If Bonower fails to pay these sums prior to the expirauon of this period. Lender may invoke any remedies �
<br /> ' permitted by this Sa:urity ln.rtrumcnt withuut furiher notice ur demand un Borrowcr. • '
<br /> � • � IS. Borrower's Ri�ltt to Relnstate. if Barrower mcu> ccrtain conditions, Bc�rrower shall have the right to have � � �. '
<br /> `. • � enfi�rcement of this Security Instrument Jiscontinue.�l at any time prior ta the earlier af: la) 5 ciays tor such other period as ' •
<br /> . , app)icablc law mxy �pccify fur rcimt:�tcmcnt) bcforc tialc uf thc Prupeny pur.,uunt tu any powcr uf.ralc containcd in this . : :; „ ' .
<br /> , ' Security In�trument;or(b)emry of a judgment enfarcing thi�Security ln.rtrununt.Tho�e cnnditions are that Bonower: (a>pays �
<br /> Lender all +ums which then wuu1J be Jue under this Security lnstrument rnd the Note as iP no aceeleration had accurred; (b) .
<br /> cures any delnult nf any ��ther awenants or agreements; Ic) pays ull expenses incurreci in enfi�rcing this Security Instrument. . .
<br /> ' '`_: including, hut nut limited t��, rw,unahlc.itturneyr fee.: anJ Id)take+wcl��tc�ivn ati lwrnder nr.ry rra.wnably reyuire to atisure �
<br /> � : [hat the lien of thi.r Security Instrument, l.endei ti rights in thc Propeny and Burroa•er's obligatiun tu pay the sums secureaf hy �
<br /> , thi� Security In,trument .hall continue unchanged. Up�m reinstatement hy Barrower. �his Securiry Instrument and Ihe � . '
<br />- oblig�ti�mti secured hereby shall remain fully effective as if no aceeleratinn had occurted. However, thi�right to reinstate zhall . ''.
<br /> . not apply in thc ca.c uf acccicration undcr paragraph 17. • ' •
<br /> ',�;�` . 14. �ufe uP Notr: Chanke nf Imau ytirvicer. Thc Notc ur a pania! imcrctit in the Note Itogether�vith this Security, , ' '. �
<br /> . , . . In+truntcut)may br,o1J unc ur morc timc,withuut prior nuticc tu Burrowcr. A wlc may rewlt in a rhangc in thc cNiry(kn�nvn a ; :
<br />° ' . ati the"I��an Servicer")that collert+munthly payment�due undrr thc Notr and thiti Srcurity Intitrument.There also may be one . •- -
<br /> . or more changes of the Iw�an 5ervicer unrelatul ti�a+ale of the Notc. If thrre i�a change i�f Ihe luan Servicer,B��rrnwer will be � �
<br /> given written nutire uf the changc in arcurdanee with paragraph !-i ahove and applicable la�v.The nvtice will titate the name and � �
<br /> � addr<<r of thc nc�v I.�,an Srr�iccr and �hc addrrti.tt� which payn�ent. ,huulJ hc madc. Thc nulicr witl at,u runlain any i�tficr �.. '
<br /> ' � - information rcyuircd by applicablc law. ' . •
<br /> �` •' 20. Ha�ardous tiubctanceti. &�rrowcr .haU not rause ��r permit thc pre�rnre, use, Jitipawl. .torage,or release of any � - .
<br /> Ha�ardous Sub.tanceti an or in the Pruprrty. &�rruwer �hall n��t du. nur all���v anyune rl�c tu du. nnything a(fecting thc '
<br /> Pruperty that i+ in viulation „f any Euvirunmenta! law. The precating nvo �rntence, .hall nut apply a+thc preunce. uxr. ur •
<br /> ' . { storage on the Propen}• ��f cmall yuantitics of H.�.:��a���s�n�,:incc�that :�rc �:cncrally rrrngniicd a� hc apprupriate tu nnrn�al � _ � �
<br /> • � rctiidential utic�and tn mainten:mce uf the Property. � .,
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