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<br /> , ` ^ . .ub.tantiaUy ��yui�afcnt mcett_:�r m,uranro«��erar.r�• n�,� avadabl�. Batta«cr.h�ll p.i� t�� Lrn.l�r �acii munth a,um ryual tv ; . ,
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<br /> . . . �i11C�laC��h Ut Ih�fl':l(�} itUttlS:iLC II1tiUi:!pC�prim�uu►hc�nL p:uJ h� Burrow�r..i�rn ihr in,w�rnr�,�.cr����:t�u:��`f l't8��1�IO ...{ <.,a�:.'`�.
<br /> � � t+c re eftiYt. 1.cnJcr��iU acrept. uu and rrtain thc�r pa)ment,a. a lu.c retirnr ns luu ��t nu,rtga_r inwr.mcr I.�i.. r��enr � '�''...
<br /> f p:i�ment.jn:ip nu lungrr he r�ti{u�rttl, at the.�piiuu ut Lunder.it m��rtgagr in.ur:uirr cu�rtaLr nn thr an��,unt anJ tur the periud , , ,
<br /> , � - th.1t Ixndcr r�yuir�+l pructded h}att m.��rer appru►cd b� LcnS�r ac3in becum��,a�ailahle sn1 n uhtam.wi. B��rruwrr.hall pay� �,..'•`'-
<br /> �hc prrmium,reywrcd tu ma►ntuin murt�sge�n.urancr�n eff�tit.ur t��pru�iJe a la.,«h�n�c.untd the rrµuirrment ti��n�ortg:�ge . ,�� !..
<br /> �n,urancc ends in scconlan�ti Kith am ��ritten:sgreem��nt bet��zen Borr�w�er and l.endrr ur appli�ahle la��. �t� ,�
<br /> ', , 9,lnspection. Lender or it.ag�nt m•ry mst:e rc;;�,�mablc entries upon and inspertnrm at thc Prupen}- Lendcr,hall gi�•e c
<br /> � Born�w•cr notice at the time of ur pri��r tu an�n�pe�.-tion tpecifyins:reasonable rau�e fur the fmpertiun. � _. • _
<br /> 10.Condems�ation. The proce�xiti uf any award or claim for damages. direct or cun�eyurntial, in connection with any , , .t. .
<br /> `• ,. � condemnauon or other takine��f any p:ut uf the Propetty,c►r for con�eyance in lieu of condemnution. :sre hereby a��igned and � .,� :; ,-;
<br /> '; � . ' � ,hall be paid ro Lender. ``� 4: •
<br /> • �• In the e�ent af a tot�l taking of the Property,the proceeds shall be�pplieei ta the sum.+�e�:urcxt by thi,Security In�trument. �jy• �, �
<br /> •� -:;��, whether or nut then due. a�ith any exc�»paid tu&�r�ower. In the evem of a panial taking of thr Pmpert}• in which ihe fair � , .
<br /> _ '`�•- market valae of the Pmpeny immediately before the taking is equal to or grrater than the:unount af the.un�.+scYUSed by this �
<br /> '` Security Insuument immedia[ely befure the taking,unless Bormwer and Lender othen�•ise agree in v�riting.!he wms secured by t
<br /> chis Security In,crument shall be redured by' the amount of[he proceeds multipiied by the following fraccion �a� the total �
<br />- amount of the�ums�ecureJ immediately before the taking,divided by(b) the fair market �'alue of the Property immediately ",�:
<br /> - � before the taking. Any bnlanre shall be paid to Borrower. In the event of a partial taking of the Property in which the fair � ''
<br /> � � - market value of the Properry immediatelY before the taking is less than the amount of lhe�ums secured immedixtely bef�re the �
<br /> - taking. unle+s Borrower and Lender otherwise agree in�vriting or unless appliwble laa•otherwise pnivides.the proceeds shall . , ..
<br /> � ' . be applied to the sums secureci by this Security Ins[rument whe[her or not the sums are then due.
<br /> ` � If the Property is abandaned by Borrower,or if,after noace by Lender to Borrower that the condemnor offers to make an > '
<br /> �; , awarci or settle a daim for damages. Borrower fails w respond ta Lender within 30 days after the date the natice is given,
<br /> ,� , ' Lender is authori�ed to collect and appl)-the proceeds.at its optian.either to restoration or repair of the Property or to the sums _ `',�
<br /> � • secured by this Security Instrument, whether or noc then due. �ication of roceecls to rin..ti al shall not extend or • ��-�
<br /> ' Unless I.ender and Borrower otherwise agree in writing. any app p P P
<br /> � . . po�[pone the due date of the monthly paymenu referred to in paragraphs i and 2 or change the amount ot'such paymenu. _
<br /> ' 11.Borro«er Not Release�: Forbeara�tce By Lender Not a Wai�•er.Extension of the time for payment or modification
<br /> ' - � of amortization of the sums+ec.vred by this Security lnstrument granteei by L.ender tu any successor in interest of Borrower sfiall . `�'Y
<br /> � not operate to release the liability of the original Borrower ur Borrower'S�uccessors in interest. Lender shall not be required to : �!'�
<br /> �� � � commence praceeciings against any succecu�r m interest or refuse to extend time for payment or otherwise modify amortization w,
<br /> ' � of the sum.s secured by thi, Secunty Instrument by reason of any demand made by the origina! Borrower or Borrowei s ,. �.
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<br /> successors in interest. Any forbearance by L.ender in exercising any right or remecly shall not be a waiver of or preclude the . �i��`-
<br /> �' . exercise of anX right or remedy. �„�r�^,.
<br /> ;.`; ,. 12. Succcssors and Assigns Bound;Joint and Several Llability; Co-signers. The rovenan[s and agreements of this .�
<br /> - � •. •• Security Instrument shall bind and benefit the succe�sors and assigns of Lender and Borrower. �ubject to the provisions af y , :�-��..�;.�=_
<br /> r - paragraph 17. Borrower's rnvenants and a�'eements shall be joint and several. Any Borrower who ccrsigns this Security ��„
<br /> ' instrument but does not execute the Note: la) is co-signing this Securiry Instrument only to mortgage, grant and rnnvey that -;�.
<br /> . � ' Boaower's interest in the Proper{V under the terms of this Se�.�ttrity Inrtrument:(b) is not per;anally obligated ta ay[he sums ;..�,.��
<br /> .� . . secured by this Security In.+trument;and(c)agree�that L.ender and any other Bottawer may agree to extend,modity.forbear ar .;,� .
<br /> �"' � � make any accommodations with regard N>the termr of this Security Instrument or the Note without that Barrower's coasent.
<br /> • ' 13.Loan Charges. If the laan secured by this Security Instrument is sub'ect to a law which sets maximum(oart charge�. . �� %°'��'
<br /> ' �� and ehat law is finally in[erpreted so that the interest or uther loan charges collected or to be collected in connertion with the _. r`.;:�T_
<br /> . ` lc�an excced the permitted limsts,then: (a)any�uch loan charge tihall 6e reduced by the amount necessary to reduce the charge �. a��.
<br /> � :� � • to the permitted limit; and(b)any sum.s already callected from Borrower which exceeded pecmitted limits will be refunded to `.�--
<br /> ' Borrower. i.ender may chau�e tn anake thiti refund by r.:ducing the principal owed under the Note or by making a direct �:=;F�:`
<br /> _ � :- payment to Bonower. If a mfund rcduces principal. [he reductian «•�II be trrated as a partial prepayment without any . ,
<br /> �;. . , prcpayment chargr under thc Notc. •i�.`• ��,,
<br /> '• . - l4.;lotices. Any nutice to B��rmwer provided 1or in thiy Security In�trument.rhall be givcn by delivering it or by m;iiling ",-a_,
<br /> it by fint cla�+mail unlc.+applicable law require+u�r of aninher meihaJ. The nntice shall he directcd to the Praperty Addres� �
<br /> or any other addreti� Burrmvcr de.tiignate, by noticc to l.ender. Any notice to I.ender �hall he given by tirst cla�s mail to `�;;;�,,_
<br /> I.cnder'�address titatcd here�n ar any ��ther address Lender designate,by noticc to Burrower. Any notice provided for in this • .,a a
<br /> � � � � Security Imtrument tihall he dc:emed to have bern given to Barcowcr or l.ender when givcn a�provided in ihis paragraph. .. . -_•`
<br /> • 15.Governing i.aw; Severabllity. 'Phis Securiry In+trwncnt �haU hc guccrncci by fcderal law and the law of the �,, ,.,� ,,��
<br /> _ � jurisdiction in which the Pruperty i+loca[eci. ln the event that any prmitii�m ar rluutie of this Security Intitrument or the Note �
<br /> .� • conflict,with applicablc la�v. ,uch c�ntlict rhall not affect other pr�+vi�iun,of this Security In,trwnent or the Note which c�an he� � �
<br /> • . . given effect with��ut the cuntlicting provision.To this end the provi+ium of thi�Security lmtrument and the Note are declarec! __
<br /> • tn be severabte. � �
<br /> • � 16.Born�wer's Copy. Borre�wer shall be given one canfarmecl ropy of the Nate•rnd of this Security Instrument.
<br /> � 17.Traatifer of the P�'operty or a BenePcial Interest in Borrower. If all or any pan nf the Property or any intere,t in it • , , .�
<br /> ' i�auld or transfcneJ f�r if a benefic�al intcrest in Burrower i+r�rld or trantiferraf and Bormwer is not a natural pertion)without � . . ,
<br /> • • � LcnJer's prior written cunsen�. Lender rnay. at its option, require immcdiate payment in full uf all ,um� secured by this _
<br /> ' • Security in�trument.However,thi,optiun sh.dl not be exerciseJ by l.cnder if cxerci,c iti prohibitcd by federal law a�aP the date
<br /> ' ' of thiti Security lntitrument. .. � � .
<br /> � li'Lender exerciseti thi�uption.Lender�hall givc Bortower notice of:sccelerati�m.The notice,hall provide a periud of not
<br /> � � le++ than 30 days from thc datc thc m�ticc iti delivcred or mailcd within which Borrowcr mu�t pay all sums secuted by this
<br /> � . , Security In�trumcnt.lf Burruwcr faily w pa�•thc+c tium.priur to thc expiration of thi�perind. Lender may invoke any remedieti .
<br /> permuted by this Security In,trument without further nntic�or demand an Bonower. •
<br /> .. � . ' . 1S, liorrower's Ri�ht tu Reinstate. If Borrowcr mcety renain conditiony. B��rrowcr �hall havc the right to havc .
<br /> . cnf��rrement of this Secunty Imtrument di�continued at any time prior to the cvrlicr of: la) S day� lor such other period a�
<br /> � applicnblc law may yperi(y fur rein5tatemcnt) hefure +a1e of the Propeny pursuart to any pawer oi sale containecl in lhis
<br /> . Securiry I��•i�ument:ur Ib)eiHry uf s Wdgmem enfi�rring Ihi.Security In�trument.Thu�c c„nditium are that Rarrnwrr' (a�pa5'`
<br /> ' lAnd�r all �um, �shich tl��n aould hc duc uudcr thiti S�curity Inti�rutncnt and ihr Votr a+il nu accrlcratiun haJ urcurrcJ: !b) .
<br /> • �urc+any �c1auU nf any��thcr r��vcnanh or agrccntcnl,: Ic) pay�all rxprn.r� �ncurrcd in rnfnrcin� thiti ticcunty M�trumcnt. . �
<br /> . inrluJin�. but u�,t litnitrd h�, rce,unablc attnrnc)•,' i'cc,: and Id1 lakcti a�ch aili��n:�+ 1:•ndcr may rcatiunably rcyuirc to atiyurc
<br /> that thc licn uf thiti Sccunry Imtrununt. IAnd�r'�right, in thc Pruperty anJ Bnrrowcr'���hligation tu pay thc yums,ccural by
<br /> . � tl�iti Sccurity In�truuirn� �hall cuntinuc unchangcd. Upun rcin+tatcment by F3arruwcr. thiy Sccurity Imtrumcnl and thc
<br /> ° uhligatiou..ccured hcrcby �hall rcmain fully cffectivc a� if nu acccfcraliun h:�d uccurrcd. Howcvcr. thi�right to rcintitatc shall •
<br /> • � ' nnt apply in thc cau�,f accdcra�iun undcr paragraph 17. . • .
<br /> .. 19. Sale t►f tiote: ChanRe uf I�wn tiervicer. The N��tr ur a panial intcrc,t in thc Natc Itogcthcr with ihis Security .
<br /> ' Intitrumcnu may hr+uld unr ur mure timc�aithuut prior nuticc u�Burrowcr. A.alr may rc�ult in a changc in thc cntity(known • .
<br /> a�thc"L��an Servirer"►that collcct�nu�nthly paymcntti due andcr thc Notc anJ thi>Srcurity ln�truumnt. Therc altia may bc�me . �
<br /> • ur nwn rhangc�uf thc Luan Srrvircr unnlatcd to a tialc�,f Ihc Nntc. If thrrc i.a rhangc�,f thr la�an Scrviccr.Horruwcr will hc .
<br /> '.��� given��ritten n��tice of the:hangc ci accurJanrr wi�h parugraph 1�ahnvc and applicahlr law.The nuticr will,tate Ihr i:ame a+id . .
<br /> , addte" of the nca i,��an Sercitrr ;nd �he addreti� to wl�icl�paymrnt..h�,uld bc made. The nntice N+iU al�„r�mtain any ulher .
<br /> • j infi�rmatiun tryuircd hy applicablr law.
<br /> � � 20. Hatardous Substanccti. Huttu�c¢r ,hall nu� rau+e ur perm�t thc �rc�cncc. u�r. di>pu�al. �torazc. or rcica.c nf any
<br /> ' . � HaiarJou, 5uh,tancc> on �,r in the Pruperty. Hurn,�ver �h�U nut d��. nvr :dlu�v anyunr cl,r tu do. :mythu�g .►ffectint the � .
<br /> I Property that i. in vi��lauun u(am E:nvironnttntal Lau•. Th.: preccdins: ncn .rntcnccti�hnll n��t apply k,Ihr prc.rncr. u�c. or
<br /> �torage�m thc Pruprrty nf�mall yuantitic���f Hatarduu.Sub�tunrc�di.rt arc rrncrally rrcu�niird tu hc :�ppmpn:itc tn n��rmal
<br /> - -- � rc.�dcnt�al uu,and t� mamienancc ni thc Pn,prity. - --
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<br /> • � � ,,,�,. , .,; Form 3028 9.'90 �
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