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<br /> � tiub>tan[i�dly ryui�•alcnt mnrlga�c insuranc�an•cragc i+ nuiarailahlr. Rurru��rr,hall pa� i�� l.rndrr c.rch niunth.i,um ryu:d to ,
<br /> onc-twcltth uf thc ycarly ntorlgagc inyurancc preilliunt h�'in�! paiJ hy Hurrnwcr H•hcn �h� in+tu•,tnrc rrnrr.�gc la�+��l ur cc.ucJ tn
<br /> ' hr in�fti.•t. Ixniler��fll arr�pt. uu and rrlain lhe�c�aymentti a, a lu,s r�+ervc in I�ru uf nwnEa�e in,uran�r. l.utiti re,rrvr ' ,
<br /> . puymrnt,m.iy nu lungrr hr reNuirc�l, at tiicurtiun�,(LriiJcr, if�nartga�c in,uran�� iu�rr.igr cin�h.•am��unl :uiJlur ilir periud .
<br /> that Lcndcr rrquirc,l pruvidc�l hy an in.urcr ,ippro�-cd hy LenJcr a�ain bcronut u�aflablr and i.��htainrd Bi�rrawrr,hall pay
<br /> thc E�rcmiunts rcyuind t�� inaintain murtgu�c in+uranrc in cllcrt,nr t��pruvidc a lotiti r«cn•r. until th�rcyuirenirm f���r munga�c
<br /> ,� intiuranrc cnds in arcurd:�ncr with any wnticn agrccmcnt hciw�ccn Burruwcr anJ Lrndrr ur applicablr la�v.
<br /> 9. Inspectton. Lcndcr c�r its agcnt may makc rca,unahlc cntricti upun:ind intipcctiun���f'Ihc Proprrry. Lrixlcr tihall givr
<br /> Borruwcr nutire at th�timc ol or priur t�� an inspertion tipccif�ying rc:isunahic rautic t'ur thc insprrti�m.
<br /> 10. Cundemn�tlon. Thc prorre.iti uf any award c�r claim ti�r Janr.igc+. dir�rt nr runuuyucntial. in runncdii m u ith an1'
<br /> conJcntnatiun or nthcr taking c�F any pat't o�[ho l'roperty,ur tur rom�cyancc in liru ul cunJcmnatiuu, arc hrrub�a„ignc�l au�l
<br /> tiltull bc paid tu Lrndcr.
<br /> ' In thc rv�nt��f a tutal taking of thc Prnp�ny. thc prcu�cd�,hall hc applicd to thc tiums srcurcd hy thi�Scruriry ln.uvmcnt. �o
<br /> ;w�-, whethrr ur nut then duc. with anp exres,paid to Burrc>wcr. In thc evrnt ��I'a partial txki�ig of thc Prc�prrry in whirh thr fair
<br /> market �•aluc of the Pruperty innncJiatcly hefi,m thc rikine i�ci�uul a,��r grcater than thc amuunt u1 thr tiwm xrured hy this
<br /> - `"�' " Securiry In�trumcnt immediiacly heF��re thc iaking, unleyti Borro�►�rr and I.ender uthcr��•isc a�ree in�vriting, ihc ,mn..crurrd by , .
<br /> ' �hi, Srrurity In�n•ununt shall hc rcdurcd hy the amuunt uf thc pruceeds mulcipli�d hy thc ti�llineing li��utiun: (al thc tutul . ..
<br /> fi amount of the sunts serured �mmediately hcti�rc the taking, di�•idcd hy (b) the fair markrt ��uluo uf thr Prupcny imm�diatcl�� :
<br /> beti�rc the taking. Any bulunre shall hc paid tn Burrowcr. In the cvent of a partiul taking of the Properry �n�vhi�h thc fair t:,
<br /> murket v.due of thc Yrv crt immcdiatcl het'�irc thr takin� i,Ic�.�hun the anwunt ��I thc sums��rured immcciiaicly heli�rc the ����
<br /> P Y Y � r'j;-�:
<br /> taking, unlcss Burrowcr cind Lendcr uihrn�i�c agrcc in writing or unlrtis applirablc law ut��crwiu prnvidc�. thc prcucrd+tihull
<br /> be appliul to the sum�securcd hp thi�Srrurity In�trument whethcr ur ncn the aums are then due. •=�`-
<br /> If thc Prop�ity iti ubundoncd hy Hurrrnvcr.ur if.aftcr noticc hy I.�ndcr tu 8urra«�er thxt thc rundrmnor��(fcr� to makc iII� R 4+rt•,'
<br /> � "C:__
<br /> ; award ur+etdr a cluim ti�r dunu�ge+. B��rrower I'uil�t�� rehpund tci l.cnder within 30 days after the date thc nnticc is given. �;.,.--
<br /> °a l�ndcr i,,wthnriied to rullrct �ind apply Ihc rrucccd�,at iiti c�ptiun, either to nstorutiun��r rep.iir��f thc Prnpertynr w the>umti �,:�_
<br /> � +crurcd hy�hiti ticcuriry In�lrumrnt.u�hrthcr i�r nut Ihcn clur. •.���'�,',�`.
<br /> Unlrtiti l.�nder anJ Borru��cr uthcr���i�c �i�rrr in ���riung, any appliratinn uf prurc�d+ to prinrip:d shall nut cxtrnd ur •:;�-
<br /> ' �u�,tprnm Ihc duc Jutc ol thr nu�nthly pi�ynicnt�rcicrrcd t��in puru�riph+ I �uid 2 or chang�:thr cmun�nt uf,uch }�aymcnt,. �;�;,�,;.-
<br /> 1 I.Borrm�rr Not Rcicuxcd: I�orbcurnncc li�• Lcudcr Not u Wnlvcr. Fixtcn�ion nt thc unu ti�r puymcnt ur rnuJiticatiun � ..-�_
<br /> � uf�um�ilin�tion ul'thr�um,.crurrd hy ihi,Sccurity In+trument gr:mtdd hy l.rndcr tu any succrrtii�r in fntcrc.rt uf B��rrowrr shull •• u..
<br /> ° � nut nperaic t��rrl�a.c thc liahility nl thn urfEiniQ 13urruwrror Uurro�vrr'ti yuccc��i�n in mtcrctit. Lcndcr tihall nuihc rcquired to '�c��=:
<br /> r��mmencc prucccJin�+aguin�t any tiucccs+nr in intcrc�t ur rcl'usc lu cxt�nd timc t'ur paymcnt ur othcrwitic muaiify umurtizutiun �``"--
<br /> ��t� thc ,tnnti +ccurcd by this S�ruriry In.irumrnt hy rcation nf any demand mudc hy thc �,riginul Burro�ver nr eorrowcr'a �=
<br /> �ur«stiors in intcrc,t. Any li�nc�arancc by I,cndcr in excrci.ring :my right or rcmcdy shafl not bc a waivcr uf nr prcclud� thc �"—'
<br /> � 1 cxcrcisc of any right or rcmedy. _5s�
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<br /> • 12. Successors und Astii�ns Bound;Juint und Several LiubiUty: Co-sl�ners. Thc covenants unJ ugrccnicnts of this
<br /> •� Securi[y Insaununt shull bind and benefii the wccessurs und uti�igns of Lcnder anJ Bormwer, subject to the provisions of -
<br /> �:��evral�h 17. 8orrower's covenants und a�reements shall he I��int and several. Any Borrower whc� co-signs this Security
<br /> • ' Instrumcnl but docs not cxccutc thc Notc:(a) is co-�i�ning this Security ]nstrumcnt only to mongugc, grant and convcy that _
<br /> • Borrowcr's intereyt in the Property un�icr the terms uf this Security Instrument:(b) is niu personally obligatcd m pay the sums
<br /> secured by this Security instrument; and (c1 ugrees that Lender anJ any nther Borrower may agree to extend, nwdify,forbear or
<br /> make any accommodutions�vith regard to the terms oF thiti Serurity Instrument or the Note wtthout that Borrower's consent.
<br /> ' � 13.I.�►an Charges. If the laan securcd hy this Securiry [nstrument ix subject to a luw which sets maximum loan charges,
<br /> • and that law is finally interpreted so that ihe interest or other loan charges callected or to he collected in connection with the
<br /> � loan exceed the permitted limits, then: (u)any .uch loun charge sliall be reduced by the amount necessury t� raluce the charge
<br /> . : . . to the permitted limit;and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to
<br /> :��"r�• •�.�- Borrower. Lender may choose to make this refunJ by mciucing the principal owed under the Note or by �n�king a direct
<br /> ==� � payment to Borrower. If u refund redu�rs principal. the reduction will be treated as a partial prepayment without any
<br /> .,,:;°--;°'r'�`� prepayment charge under the Note.
<br /> °'"'�°'`"., 14.Notices.Any notice to Borrower providcd for i�i this Security Instrument shnll be givcn by delivcring ii ar hy mailing
<br /> .. ,..,.,..:.
<br /> l--��`' it by tirst claes mail unless applicable law requires use of another method. The notic:e shall be directeci to the Property Address
<br /> - `'�}"r5�� or an other address Borrower desi nutes b notice to Lender. An notice to Lender shall be �iven b �rst class muil to
<br /> .�;.�_:�"�'::�'a y � Y Y b Y
<br /> ;�,;z.:;��,._;;� Lender's address stuted herein or any other uJJress Lender designates by notice to Borrower. Any notice provided for in this
<br /> �;��.
<br /> _-w;:,,��� Security Instrument shall bc deemed to huve bcen given to Borrower or Lcnder when given�ti providai in this paragrap .
<br /> " ;�u.,y, 15.Govcrning Law; Severubility. Thi� Sccurity Instrumcnt shall be govemed by federal law and ihe law of thc
<br /> :.s:;5 jurisdiction in which the Property i� locateci. In the event thut any provision or clause of this Security Instrument or the Nnte
<br />:�r=�%; •_�"� conflicts with applicable law, such contlia shall not affect other provisions of this Security Instrument or the Nae whieh can he
<br /> -' '==" ` � given effect �eithout the conflicting provi�ioii. To this end the pruvisi�n�of this Securiry Instrumcnt and the Nae are�leclureci `__
<br /> -'-"�`��� to be severable.
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<br /> -- �� 16.Borrower's Copy.Borrower shall be given one conformeci copy of the Notc and of this Security Instrument.
<br />�y�=���^�� 17.Transfer of the P►•operty or a Beneficial Interest in Barrower.If all or any pan of the Property or any interest in it
<br /> �-��� is sold or transferred(or if a bencficial intcrest in Borrower is sold or transferred and Borrower is not ci nutural person) without ___
<br /> .�g Lender's prior written consent, [.cndcr may, ut its option. rcyuirc immediatc paymcnt in full of all sums scce�red by this
<br /> `"�x==� Security Instrument. However,this option shall not be exercised by Lender if exercise is prohibiteci by federul law as of the date
<br /> ="�..'Rr`��
<br /> of this Security Instrument.
<br />_ �-�'• ��� If I.ender exereises this option, Lender shall give Borrc�wer notice of ucceleration. The notice shall provide a period of not
<br /> • Icss than 30 duys frum the datc the notice is dclivcrcd or mailcd within whirh Borrower must puy all sums securcAl by this -- --
<br /> - _��;`r� :� Scwrity Instrument. If Borrowcr fails to pay thesc sums priur to thc expiration of this peri��d, Lcnder may invc�kc any remedics = --
<br /> � permittcd by this Security Instrument without further notice or demund on Borrower. —.
<br />_- . 18. Borroa•er s Ri�ht to Reinstnte. If Borrower mats certain conditions, Burrower �liall hu�e thc righ: to have
<br /> . enforcement of this 5ecurity Instrument Jitiruntinu«I at any time prior to the earlicr��f': (a) 5 days (or wcai athcr periud �i� �� -
<br /> �;
<br /> _ • ' applicablc law may specify for reinstatcmcnt) bcfare salc of thc Property pursuant to any powcr of salc contained in this �:�--
<br /> _- ' Security[nstrurnent;or(b)entry of a judgment enforcing this Security In�trument. Those conditions are thut Borrower: (a)pays -
<br /> Lender all sums which then would be due under this Security Instrument and the Note as if no accelerrtion had occurred; (b) ���-°
<br /> � cures any defuult of any other rovenants or agreements;(c) pays all expenses incurreci in enR�rcing thi� Securiry Instrument, ��w�`�
<br /> - • including, but nnt limited to, reationable attorneys' fccs;and(d) takes such action �+� Lcnder may rcationably rcquire to usxurc E':�,���
<br /> ,�� that the lien of this Security Intitrument. LenJer's rights in thr Property and Borre�wer'ti obligatiun to pay thc wms secured by '�_
<br /> . .�._ .w:. c... I« ..I,..II ..�:....., ..h.,..o...I ilm.n .in�natnn�.�nt hv F4irrnwrr fni� C��ru�ltV Inctmm�nt :tnd 1�1C �_.�..,'y,
<br /> —` ....:�:::.. ............«• .... u..
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<br /> ubligutiuns secured hcrehy tihall rentain (ully eftecticc u�if no ucrcicration had occurced. f{a���ever,this right in rcinxtate sl�all : ,-�
<br />� '" ' not apply in thc cusc of accelcration andrr parugraph 17. .'.
<br /> 19. Sale of Nute; Chun�;e of Loun Servicer. Thc N��tc or u partial intcre�t in thc Notr (to�;ether wiih this Sccurity
<br /> - ' Instrumcnt)tnay he suld onc ur nwre tinus withuut prior�x�ticc to Bottowcr. A sale may rc�ult in a changc in thc entity (known
<br /> ' ai thc "l.oan Scrviccr")that rollectti monthly paymcntti duc undcr thc Notc and this 5cruriry Instrumcnt, Thcrc alsc�muy hc unc
<br /> ' vr more changes of the Loan Servicer unrdated tu a.ale uf th�Nute. If there i,a change of'the Luan Srrvirer. ii�rmwer will be
<br /> ° given written�iutice oF the change in arcord3nre with paragruph 14 ubove and applirablc law. Thc ncuicr will atate the name and
<br /> adJress of the new Lo�in Servicer:md thc a�idrr.s to whirh payment� should be made. The notice will :il,e� cunt:.ain any uther ��
<br /> information rcyuireJ by.jpplicublc Ixw.
<br /> • 20. Huzc�rdous Substanccs. Bcirroarr sh.ill not causc ur perniit thc prcsenrc. utic, ditiposal, yturagr, �ir rclwsr uf�my
<br /> - Hutardous Substanccs on or in thc Propert}•. B�ttrowcr �hall nat di�, nor ullow anyonc clac �a Ju, unything affccting thc • ��
<br /> , , ' Property thut i.r in violatiun of uny Environmcnt�l Law•.Thr prcrcJing t��•c� ,cntcnres ,hall not:�pply tc�thc prcsencc, u�c, or
<br /> stcttagc an thc Pruperty of small yuantitics of Nai.�rdc�u+Substanres that�rc gencrally :�ra�nir.ed tu bc apprapriatc t�i nonnal
<br /> � residential uscs and ta maintcncinre��f thc Prope�t��.
<br /> -C �.,,i„•3��a fortn 3028 9190
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