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<br />. - . . .-,. :�v+�-� 3�s"'_�.�.. �.. ��..3.,i�ct�.__ '. . .ti}�_i. . _.�. -�l t S•".. ,..� iAr..n�.l�Jx.-':.-FYftu�3iiyS�.Zt'� .t.rst��le,_.:-; l�. f�.. _ _ "�mS�•..F'�'
<br /> , � _ ::`•�iv.;_
<br /> substantiall� eyuivalent mortgage iatiurart��e cyx•erage is not a�•ailable. Born�w�er.half pa;•to Lender esch manth a�um eyua) to ` '
<br /> ..'.:.� . . �
<br /> - � - unrtw•elfth i�f the yrarly mangage insuran�r prem�um being paiJ by Bonow�er w•hen the intiurance rn�cragc Fapscxi or r�ed to ,-
<br /> � � �� ' he ia e[fect.lxnder uill accepi.use and retain these paymenU a� a Icssx re�en�e in lieu of mortgage in,uranre. (.ow+ r�erve � � '
<br /> ' .- ' � pa}menu cr�}• no longer be requim.�i.at the option of Lcnder. if mortgage ituursnce c�rver.ige lin the amount and Car the periai . : ,
<br /> thu[.ender requiresl proa•idai by an i�uurer:sppm��ed by l.ender again bcx-umeti available and is abtained. Born�wer�hal�pa}• . • .. .
<br /> � . , ihe premium,reyuimd to maint;iin mortgage insurance in effect.or to pmcide a loxr•nsen•e,until the rryuirement fur mortgage� � '
<br /> ` intiur.ence eetdi in accordam�e with any written agreement bet�reen Bocrixtier anJ l.et►der ur applirabte law.
<br /> • � 9. Inspection.Lender or its agent may make r�w�nable entrie�upon and in.pectiun.uf thc Prnperty. Lender shal!give O �' .
<br /> B��rro�tier notice at the tiine oi.x prior[a an in�pectian�pecif?ing r�unnable�..�►u�e Cor the in,pection.
<br /> 10.Condemnatton. The pmcee�iti��f any award or rlaim Eitt d:sm�ee.. dircx�t or con.+eyuential. in connertion «ith sny •
<br /> " , randemndtion or other tai:ing uf any part of the Pmpem•, or for com•eyance in licu of�rondrmnation. are hrrrby a.+igned and � , .
<br /> . : . cha11 be paid to Lender. ,� '
<br /> , „ In the e�•ent of a totaJ tal:ing of 1he Pmperty.the prcxc�ed,,hall be appliecf a�the,ums.rcur��i by thi.Securicy Ia+trumen[. - ,
<br /> ' � «hethcr��r nut then due, with:u�y ex��e..paiJ tci Burro�srr. ln the r�ent of a p:uti:il taking uf thr Property in which the fair� •
<br /> —r-- - - n�:uket value af the Propert} immediately befom the takinr is equal t�>or gr�ster[han thr:imuunt��t the+um..se�urai by this - -- - --
<br /> ,, . , Sc�vnty Iatitrument immediately bcfore che taking,unless Bnrrower and Lender othenvi.e agree in w�riting,the sum.�,cti�ured by� ` , � ; ,
<br /> ' thi. Scturiq• Instrutnent shall 6e reduced by the amoant oC the proceedti multiplied b}� the foltowing fra�tion: Ial the t�ital .
<br /> � amount of the sums s�rured immediately before the tai:ing,divided by Ib) the i:iir m•rrket value of the Property immediately ,'
<br /> - • . before the tal+eng. Any balance shall be paid to Bornawer. In the event of a parti�l tatcing of the Property in which the fair , . . •
<br /> • markG vulue of the Ptipert}immediately befure the taking i�lets than[he amount nf the�ums secured immediately 6efare the ���> -- -�-
<br />- � taking.unlex.c Barrower and Lender otherwise agree in�criting or unlcs+applirable law otherwise pmvide�. the proceed�+hall •` •, " ' ,
<br />._ '� br applied ta the sums secured by this Securiry Instmmeni whether or not the sums are then due.
<br /> , � . ' ' If the Property is abandoned by Borrower.or if,after notice by Lender to BorroKer tbaz the rnndemnor offers to make an �
<br />- awani or settle a cluim for damages. Borrower fails to reapond to Lender within 30 days after the date the notice is given, _ ,
<br />��;;r:' � • Lende�is authorized to collect and apply the pnmeeds,at its optiun,either to restoration or repair of the Property or ta the sums ' ; .;.
<br /> � secu�d by this Security Inctrument,whether or not then due. ` . ': ' ' ` '�:
<br /> lJnless Lender and Borrower othenvise agree in writing, any application of proceeds ta principal shall not extend or .
<br /> � postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments. ��. .4 �
<br /> , ' . 11.Borrotcer IVot Released;Forbearance By I.ender Not a Waiver.Exteasion of the titne for payment or moditication : . . �
<br /> - _ �-. of amortiration of tfle sums secured by this Security Instrument graiued by Lender m any successor in interest of Borrower shall � .
<br /> � nol operate to release Ihe liability of[h.:original Borrower or Borrower's successors in interest. Lender shall nat be required to � � • •
<br /> - �� � commcncti proceedings against�successor in interest or nfuse to extend time for paym�nt or otherwise modify amorti7ation � --••� •
<br /> of the sums secured by this 5�ca:rity Instrument by rc���n of any demand made b� the original Borrower or 9orcower'c - - --
<br />< succea�ors in interest.Any forE*�aance by Lender in exectssing any right or remedy shafl rtot be a waiver af or pradecde the . .� �` _�:'�
<br /> ;� . ' . . exercise of an;�right or remedy. :�,;�<<;:
<br /> � 12. Successots anai Assigus Bomtd:�mma�and Several Liabil[ty: Ca-s3gners. The covenanu and agreemenu of this ° �� �•�•
<br /> �_ ,
<br />_{ _.� Secarity Instrument shall bind a-ad t�nefi[s3;� .;,�cesu�rs and assigns of [.encier and Borrower sub,{ect to the provisioru of - .�-.�:?
<br /> ' paragraph 17. Barrower's cove�aNs and agreements shall be joint and several. Any Borrower who co-signs this Security :�a;�.;-�'�..�.``< �.
<br /> '° . Instrument but does not exewte the Note: la) is co-si nin this Securi Instrument onl to mo e, t and conv that �'y>'l"`�•' � ` ` ',
<br /> g $ tY Y n8a8 S�"an e5' ,f�,t, . _ r., �,
<br /> , Borrower's interest in the Praperty under the tertns of this Secwity Instrument: (b)is nat personally abligated to pay the sums `` �•�'
<br /> secured by this Securiry Inctrument;and�c)agrees that Lender and any other Borrower may agree to extend,modify,farbear or � �
<br /> ,.,.
<br /> � make any accommodations�vith regu�+d to the term,of this Security Insirument or the lYnte withoat that Borrower s consec.t. ;��`:, ..�:•:.:�
<br /> 13.Loan Cbarges. If the loan securcd by this Security Instrument is subject to a law which sets maximum loan charg�. `'` '
<br /> .�`•�+i,�,;,.�.; ." and t�nat law is finally interpret�v,� tluit the intemst or other(oun charges cul l�or to be wllected in connectioa with the ��;; �: , ;, :.;�"�Y
<br /> luan�ecxed the permitted limiu,rh:n:(a)any such loan charge shall be reduced by thc amot}nt necessary to reduce the charge ';�.,f'�t.'': , `
<br /> {' ' � to tT-��.RZnnitted timit:and (b2.�ny sums already rnllected fram Bnrrower which exceeded peta�itted timits wiU be refunded to , .�:;.5�'�i�� , �;r•�
<br /> Bomaat�r. Lender may chaose to makc this n.fund by r�ducing the principa! owed uader the Hote or by roaking a direct � �``' ``�="'�
<br /> ' �-- payment to Borrower. If u refund reduoes gerincipal. the reductian wil} be tccated as a partial p�+epayment without any - �;�,.a;�;t_
<br /> . prepayment charge under the Note. � ��� ; �'.
<br /> :�;: . . �? 14.Nottces.Any notice to Borrower provided for in this Scxurity Instrument shall be'given by delivering it or by mailing � �.��r% � '�
<br /> , it by�:rst eloss mail unless applicahle law requires u�e of another methcxl.The notice stta(t be directed m the Property Address •.'tt;r.. .:��.,� :'-
<br /> � • '�;' or any other address Borrower designates by notice to [.ender. Any notice to l.ender shall be given by first class mail to � � ,<:,:;�
<br /> �'; ' � Lender's address stated herein or any athcr address Lcnder designates by notice to Borrower. Any notice provided for in this � -
<br /> - . • ,; � .
<br /> Security Instrument sha(I be deemed to have bexn given to Borrower or[.ender when given as provided in this paragraph. '.`'"
<br /> ,�' ^ � . ... � .
<br /> •'r� ' 15.Governir�g Lew; Severabillty. This Security Irutrument shall be gavemed by federal !aw and the law of the � - : •
<br /> . juris�+i.^tion in which the Pro�+is located. In the event that any provision or clause of this Seturityr Instmment or the Note '.. • •�•: ,,`.`;
<br /> • con�lrc-s with applicable law.snch conttict sha11 not affect other prov�sions of this Security Instrument ar the Note which can be �,:�y{;%;;is':� � ; �,.
<br /> • .' . gicrr effect without the conflicdr.g provision. To this end the provisions of this Secudty Instrumert and the Note are declared �--'r�` ..
<br />_=.�i,� ;�, to be severable. • � -• .� .;;.
<br />` . , . •:�'c 16.Borrower's Copy.Borrower shall be given o�e conformed copy of the Note and of this Security Instnimen� . _.
<br /> 17.Transfer otthe Property or a Beneficial lnterest In Borrower.If all or any part of the Property or any interest in it .•
<br /> . � is 5a�or transferred(or if a benefcial interest in Borrowcr is soW or transferred and Borrower is nat a natural penon)without • '
<br /> �• . : .� lf�:r;;�:r's prior writren consent. Lender may. at itc aption. require immodiate payment in full of 2U sums secured by this
<br /> � � S�;aa�::y lnstrument. Howevu,t�hi,option ahall not be exercised by i.ender if exercise is pmhibited by federal law as of the date � •
<br /> ' t of this Security Instrument. �. •�
<br /> If Lender exercises thi,option.l.ender shall give Barrower notice of acceleratian.The natice shall provide a periad of noi �
<br /> ,' less than 30 days from the dute the natice is delivered or maileei within which Borrower must pay all sums secured by this ' �
<br /> �. S�curity Instroment. If Borrower fails to pay these sums prior to thc expiration of this period, Lender may invoke any remedies ' •
<br /> -- permittcd by this Security lnstrument withoul furthcr nolire or dcmand on Borrower. , '
<br /> '..�? 18. $orcmver's Ri�;ht to Reinstate. If Borrowcr meeGs certain conditionx. &�rrower shall have the right to have �
<br /> enforcement of this 5auriry Inctrument diccantinued at any time prior to the eurlier af: la)5 days lor such mher period as
<br /> � �' applicsible law muy spei:iPy for minytatement) before sale of the Propeny pursuant to any power of sate contained in this
<br /> �r�� ' Securit Instrument:or(b)ent ut'a ud�ment enYorcin this Securit In�t�vment.Those conditions are that Borrower:(�) a ti � '
<br /> :f`; :' � '' Y rY 1 b � Y P Y•'
<br /> • • � L��,�.r all sums which then�v��uld be due under this Security Instrument and the Note as if no acceleration hud ace:rred: (b) . ,
<br /> �`'` �•;r�"� c•��:;=aay default of any other covenants ar ugrecmentti; (c)pays all expenses incurced in enfarcing this Security :restrument.
<br /> __ � ' in.::yi�.�::;, but not limited to,reasonuble ttttorneyti fces; und(d)takcs such action ac Lender may rcasonabty rcyuire to assure
<br /> ' that�he lien i�f thls Security Instrument. L.ender's right.in Qie An�perty.tnd Borrower'�obligation to pay Ihe sums+ecured by • •
<br /> , ' this Security Instrument shall continue unrhanged. Upem rcintitatement by Bnrrower. Ihir Security Instrument anJ the • � •
<br /> ' ��bligations serurai hercby rhall rcmain futly effective as if nv arcelerution had orcurreJ. H��wever, thi,right to reintitate.hall
<br /> - ; nnt apply in thc casc of accelcrution widcr paragraph I T.
<br /> _ •�,. 151. Sale of'Vate: ('han�;e of I.�►an Servicer. Thc Nute or a partial intrres� in �hc Nutc Uagcther with thi� Sccurity .
<br /> tn,trutuent)may be uwld une or more times with��ut priur nutice to Barr��wer. A.alc may rewlt in a ch�nge in the entity licnuwn .
<br /> �I ' �.� as the "Lc�an Scrvicer"I that a�llects mnnthly paymentti due under�he Nute and Ihiti Serurity Imtrument. There al�u may be unr •
<br /> ur more chan�e.uf the I.o:�n 5crv�cer unrrlated tu a�ale uf thr Vote. If therc i�a change��f the l.o:ui Srrv�cer. $utr��ae�will be
<br /> _.`�'., � � given written notice of the change in accordance with paragraph 14 ah��ve und applicable law. The ni�tice will�tate the n:►me and � '
<br />_`,-=,� � ' . :uldress of the new la�an Servicer and Ihe aJdre��to which paymentti chnuld he maJe. The nntice will al.o rumain any other �
<br /> � infi�tmation rcyuired hY�PPlicablc law.
<br /> . � 2U. Hazardous Substances. Borroa•cr �hail not c�u�c��r pennit thc prc�rnrc. u,�, ditipowl, .toraLC. ur rcl�a.0 uf •rny
<br />. .��;�K,' . HBY.li/Jl1US Sub.tance� on or in the Property. Burrowrr �hall nut di�. n��r aUi��v amonr cl.c t�, du. anvthing affechng the �
<br /> . . Propeny that i+ in v►olation��!any Enviranmental law. The prrrcJing tau .cntence+,hall nut appl} tu the pre,rnre. u.r. ur � '
<br /> �torage im the Pmpeny uf.n�:dl yuantitic.uf HaiarJou, SuM�Wnrr. that arc grnrr�llr rcc��envrd tu he .ippropnate to n�irntal ' _
<br /> ., ---�- rc.iJcntial uscs anJ tv mainttinance of thc Property. . ��.;- - ' .
<br /> 4 i .'•,,�+^�� Form 3028 9/90 � •
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