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<br /> ::�h.t_oliyll�o��tt}�n�Is�itt I11/1i10(lOC II1tiU�Ulll'L' L'OVCI':I�:C Iti I101 ilNill��l�)�C. Bl)�fUWI'I'4�1i1�� 'l:ly�U(,l;I1l�Cl' Cill'fl IllUll��l il 1UIO Cl{uu�U1 �^ —
<br /> rn�e-twelfth uf thc ycurly mortbage in,unmcc premium bcing p;�id by liurro�vcr w►tcn tnc u►,u�.ii«c�.���ragc is�cxi ur eeusLU�� —
<br /> ix:in cfi'cct. I.rndc�• will uccc,t, usc�uid retain thcsc p,ryntcnt�,�ti a lu�, rescrvc in lic�i uf murtgu�c insurancc. Losti reycrvc �
<br /> p:rymcnt�may nu lon�cn c�rcquircd, ut d�c i�ptiun ul Lendcr. if'm��ttti[a��c intiur.uirc ruv:rugc(in�hc innuunt unJ Q�r thc periixl �
<br /> thiit Lcndcr rcquires)pruvidcd hy an in�urer appr��vcd hy I.a:ndcr�iEuin bccamtti uv;�ilu61r auJ i,��l�taincd. l3orruwcr shull pay M
<br /> tttc premiwm rcquir�d tu to:�int;iin murtgagc intiuruncc in cffcrt.ur tu pruvidc ii luys rcscrvc,until thc rc��uircmcnt for mort�;iigc 0
<br /> insurancc��nds in ar�urdimcc��ith uny wriucn ugreemcnt hetwccn B��rraa�cr imd Lendcr or uppli��uhlc law. �
<br /> 9. Ias�Uon. Lcndcr�tir its agcnt muy makc rca�unablc cntric, upun and ins�ctiuns of thc Property. l.cndcr tihall givc
<br /> Iicrrr�owcr nuticc at thc timc of ur priur tii an in�Fxrtion tipecil'ying ru����nablc cau�c for thc inspertii�n. �
<br /> lU. CondemnuNon. Thc �+rorceds uf any a��•arJ or cluim tur damnges. dircrt nr«�nsequcntial, in �mtnectiim with titty �
<br /> rundemnutiun ur other uiking ol any part ot thc Prupert}•. ur fui �uuveyaiicc in licu+�f cund�m�ia�i��n.ar�hcrcb� �is,igned and �—
<br /> shull Mc paid t��Lciidcr.
<br /> In thc cvent oi'u totul taking uf thc Pro}xrty,thc procccds shall hr applicJ to thc sums�ccurcd by this Sccurity Instruircnt.
<br /> whether or not then due, with any excess puid to Hurrower. ln the cvent nf i�panial tuking ot�the Property in which the fair
<br /> market value uf the Prupeny immediutcly 6efore thc tuking is cqual to or grcatcr►hun the amount uf ihe sums sccurcd by this _
<br /> Security lnstrument immcdiatcly hefore the tuking, unless Borrower a�x1 l.e:ndcr utherwisc ugrec in writing,the sums secur��1 by
<br /> this Seeuriry Instrument shall be reduced by the amaunt of the pr�xeecls multiplieai by the followinF fraction: (n) the total
<br /> amuunt of the tiums secured immcdiately bcfore the taking, divided l�y (b) the fuir murket vrilue of the Propa:ny immediately
<br /> hefurc thc taiking. Any balancc shull be paid to Rorrowcr. In thc cvcnt of n pariiul taking of thc Pmperty in which thr, fuir
<br /> nturket value of die Propeny immediutcly heti�re thc taking is Icsti thc►n th�:amuunt of tl�e �ums ,ccurcJ immodiatcly befi>rc tt�e
<br /> taking, unlcss Borcowcr and L.cndcr othcrwi,c agrrc in wnung or unlc+�aE�plicablc luw uthcrwisc providcs, thc prucecds shall
<br /> be applied to the sums securcd by this Security Instrument whethcr or nut th�swns arc Ihen duc.
<br /> If the Pn�petty is ubandoncd hy Borrawer,ur if,aRcr noticc by Lcnae�to Borcowcr that thc condcnmor uffcn to makc an
<br /> award��r tiettle a claim fur damuge+, Burr��wer fails to respand tn Lcnder within 30 days uftcr thc dute thc ncuicc is given,
<br /> L.endcr i.r•uuthorixed to callcct und upply thc proceedti,at its option,cithcr ta restoration or repair of thc Property or ro Ihc sums
<br /> secured by this Security lnstn�ment,whether ur nnt then duc.
<br /> Unleu [.ender and Bonower otherwise agree iu writing, uny application of proceeds to principal shall nat extend or
<br /> postpone the due dute of the monthly puyntents referrcd to in paragmphs I a��:12 or chunge the amount of such payments.
<br /> 11. Borrow•cr Not Rela�secl;Furbeurance By Lendcr Not u Waiti�Prr.�ixtension of the ti�ric for paymcnt ar modification
<br /> of amortization of the sums secured by this Sccurity lnstrument grnnted by Lei�:ler tu any successor in inter�st of Borrower shall
<br /> not operate to rclease thc liabiliry of thc originid 6arro�vcr or Borrowcr's sua:c^�sors in intcrest. Lender shall rcot be required to
<br /> commencc procccdings against nny successor in intcrest or rcfuse to extcixl�tim: fur p:�yment or otherwise mcx9ify nmortization
<br /> of the sums sccured by this Serurity Instrument by reason of any dtmsAisl madc by the original Bonower or Borrower's
<br /> succcssors in interest. Any forbcar.�nce by L.cndcr in excrcising any riglil nr remedy shall nat be a waivcr of or prcclude the
<br /> excrcise of any rigtxt or remedy.
<br /> 12. 3uccessors end Assigns Bound; Jalnt and Several l.tablfltyo Ca•signers. Thc covenants and agrc.�:mcnts of this
<br /> Sceurity Instrument shall bind and bencfit the successars and assigns of Lentle�r and Borrower, subject to the provisions ef
<br /> narav��uph l7. Borrower's covenants and aRreements shall be joint and several. Any Bonower who co-signs this Security
<br /> Instrument but does not execute the Note: (a) is co-sisning this Se�urity !ns[tument onry to mong�ge. grant an3 cunvcy iliui
<br /> Borcower's intcresc in the Property undcr the tcrms of this Sccurity Instntment; (b)is not persvnally obligated to pay the sums
<br /> secured by this Security Instrumenr,and(c)agrees thut l.ender and wiy othe�r Burrawer may agree to extend,modify,for6enr or
<br /> muke Any accommodations v�ith rcgurd to ths tcrms af this Sccurity Instn�ment ur the riote without that Borrower's consent.
<br /> 13.Loan Charges.[f the loun secured by this Security Instrument is su�jcct ta u law which sets muximum loan chnrges.
<br /> and that law is finally interpreted so that the intGrest or other loan chaxgos colfected or to be collected in connection with the
<br /> toan excced the permittcxi limits, then: (a)nny such loan charge sl�all be reclua:ci by the Amount necessary to reduce the ch;uge
<br /> to the permitted lirnit:and (b)uny sums tdready cuUectcd frain Horrower which exceuled perQmitted limits will be rcfunded to
<br /> Borrower. Lender may chWSC to make this refund by reciucing the principal oweci w�der the Note or by mnking a direct
<br /> payment to Borrower. If a refund reduces principul, the reduction will b: tt�eatcd us a partial prepayment without nny
<br /> prcpnyment churge under the Note.
<br /> 14.Notices. Any notice to Burrowcr provided for in this Security Instn�ment shall bc given by delivering it or by mailing
<br /> it by Q��t class mail unless applicable luw reyuires usc of another methal. 1'-.�e notice shall be directed to the Property Address
<br /> or uny other uddress Bonowcr desi�;nntes by notice to [w:nder. Any natic� to Lender shnll be given by first class muil to
<br /> Lcnder's address stuted hcrein or any otlier udJress Lender designates by nnticc to Borrower. Any noticc provided for in this
<br /> Securlty Inatrument shall be deemecl to huve been siven to Borrower or Lencler whcn given as provided in this paragruph.
<br /> t5.Governing Law; Sever�bil[ty. This Security Instrumcnt cha.11 be governed by fcdcral law nnd the law of the
<br /> jurisdiction in which the Property is located. In thc event that any provision or clnuse of this Security Instrument or tl�e Note
<br /> conflicts wlth uppl icable law, such conflict shull not nffect other provisions uf this Security Instrumcnt or thc Note which can be
<br /> given effect withnut the conflicting provision.To this end the provisions of this Security Instrument nnd the Note are declamd
<br /> to be severable.
<br /> 16.if�►rmwer'g Copy.&,r�ower sliull be given one conformcd copy of the Nate and af this Security Instrument.
<br /> l7.Transter of the Yroperty or a BeneCciul Interest In Borro«•er.If all or any part of thc Property or any interest in it
<br /> is sold or transferrcd(or if a bcneficial intcrest in Borrower is sold or tmnsferred and Borrower is not u natural person)without
<br /> I.ender's prior written consent, Lender mny, at its option, require im�n�iate payment in full of ull sums secured by this
<br /> Sccurity Instrument.However,this optiun sht►Il not be exercised bp t.ender if exerc�se is prohibited by federal law as of the date
<br /> of'this Security Instrumcnt.
<br /> If I.ender cxercises this option, I..cnder shnll give Borrower noti�e ot'uccelerution.The notice shull provide a period of not
<br /> less than 30 days from thc datc the notice is delivered or mailed wilhin which Eorrower must puy all sums secured by this
<br /> S�:curity instrument.If Borrowcr fails to pi�y these sums priar to th: expiration of this period, Lender may invoke any remcdics
<br /> pennitted by this 5ecurity Instrument wlthaut further notice or demsixi an Borrower.
<br /> 18. Borrower's Ri�ht to Relne,late. If Borrower mcots c�.=.Tain conditions, &�nower shall huvc thc right to huve
<br /> enfarcement of this Security Instrument di�;continucd at any time prior to thc earlicr of: (a) 5 days (or such other period us
<br /> applic:able law may specify for rcinstatemcnt) before sale of th: Property pursuant ro any powcr of salc containcd in this
<br /> Suurity Instrument;nr(b)entry of�i Judgntent enforcing this Security Instnunent.Those condiaons are that I3orrower: (a)pays
<br /> Leixier all sums which theu would lx:ciuo under this Security Instrmnent and the Nute as if no ucceleration had a:curred; (b)
<br /> cures any defuult of any��ther covenants or ngceements: (c)puys all expenses incurred in enforcing this Security Instrument.
<br /> induding, but not limited to, reasonuble attorneyy' fces; and (d)tnkes such action us Lender may reasonnbly reyuire to;usure
<br /> that thc licn of this Securiry Instrwnent, L.cnder's rights in the Property and Burrower's ubligation to pay thc sums sccumd by
<br /> .u_ c_......:... t....�«....o..e .d�nll �:�nllnttn unrhanord lln�ttl rcinstntement bv $Ot70WCL ��115 5ccuritv Instrument :1tld 1�1C
<br /> un� .r...u...� .� ........ ........ __......_ .°•---' —_ .
<br /> obligntions secum.�i hareby shull remain fully ef'fective as if nn acceleration had occurred.However,this right to reintitate shall
<br /> not apply in thc casc of scccfcruti�m under purngr.�ph 17.
<br /> 19. Sale of Note; Chau�c uf I.oun ticrvicer. Thc Notc or a partial interest in thc Notc (robcther with this Security
<br /> Inshvmcnt)may bc sold onc or more timcs without prior noticc to Horco�vcr. A salc may result in a changc in thc cntity(known
<br /> • as th� "Lvan 5crvicer")thut collects monthly p:rynuntti due under du Note und this Security {nstrument.Thcre also may be one
<br /> or nxirc chan�cs of d�c t.�r.in Serviccr unrclutcd to,+sulc ol'thc Notc. If th�rc is s chun b*c of thc Loan Scrviccr. Borrowcr will bc
<br /> given writtcn nuticc of thc rhanZc in uccc�rdancc with paragraph 14 ulx�vc and applicablc law. 'fhc nutidc will statc thc namc und
<br />— uddress oF thc ncw l��hn Scrviccr �utJ thc i�ddretis!o whirh payment:;shou�d bc madc. Thc noticc will alsn cuntain any othcr
<br /> informadon rcyuircd by upplicahlc la�v.
<br /> 2U� H�i.�rdous Substanc��s. Borruwtr �hull nut rause ur�r:rmit thc presetxe, �sc.Jisposal. �tnragc, or rcicase oF uny
<br /> Haiarduus Substanccs un ur in Ntc Pru�xrcy. E�orruwcr �hall not dv, nor idlow unyunc clsc to do, anything affecting thc
<br /> Pro�xny that i+ in violatiun �if uny rnvirunmcntal Law. 7'I�c prc�:cJinN hvo �entcnccs.liall not apply t��thc prescncc, usc, or
<br /> sWr��c un thc{'ru xrty uP�mall yuuntiticr uf}iazardous Sabtitanrc�tlr.0 are gcnerally rttogni�.ed tu bc apprupriate tu rwrnial
<br /> residcntiul u,c+un�w mt�intcnanrc of thc 1'rc+�rty.
<br /> _ r�vo a��a ' Form 3028 9/90 '
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