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<br /> . tiubstuntially ryuivalrnt martg.►He ittnuran�,u ctir;�+r���n is nut uvuiluhlc, fiurro��•cr+hull pay tu lAndrr rarh nunuh :i,um equid tu =
<br /> r unc�twclith ut thr ycarl�y monbug�: �nr�uranc•,.�premium hein�; puid by Iiurro�vcr wiirn tt�c i�f,rr,�n�� :atia�racr lap:�d;sr�ea;::t s::
<br /> . r ...�.....n . _. .... ..a t- .. ��.��, rv_u)rVC ttl lil'U u� I1tUr�P��no imiu:�nPP I an� rCnCfvC
<br /> uC IU Cu�.��. .,.u...� ..�. . ra�r�. u:n. wiN ia./it�i�iuilt:�:zaymcnts ili .. .... , . -
<br /> . puyiucnts ntuy m� lungcn c�reyuirt�l,nt r.hn uplinn nt l.cndcr. if murtgnhc in,ur�ncc covcragc (in thr nnu�unt :md ti�r thc periixl
<br /> tHat l.�ndcr r��yuircti)pruvidrtl by un inr�e�r�:r appn.�vrJ t,y Lcndrr aguin hccomc+�iwiilablc unJ iti��htainrd. Hurrnw��r ,h:�ll p�ry �
<br /> thc prcmium� rr<�uin:d tu nr.iint:iin mun.gngc inf,�u:�r�r.c in cffcct. ur tu pmvidc a luyy rrycrvc, until thc rcyuirrnu:nt t„r nu►n�+��c `
<br /> in,w;i�r¢rndti m accnrcl.mrc with any wriur.n nyr�rmcnt hetwrcn Borru�vcr and l.�ndcr ur iippliriihlc luw.
<br /> 9. Ins�xctlu». Lrndcr ur itti �igcnt nury m�tk��rcasanuUlc cntrics upun and in+pcctioiis ut thr {'r�,p�rty. l�:ndcr tihall givc �
<br /> f�orruwcr nuti�c at �hc timc of ur pri.ur tu:tn inr;yn;a:�i�m tiperifying irasonahl�:cau,��fnr�hr inspcctiun.
<br /> 10. Connle�n�tadon. 7'he pnxacdh uf�mr awwd or claim fi�r dumubcti, dircct nr run�rqucntial, in runncction wi�li iwy �
<br /> rund��nnutiun ur uthcr tuking uf am�part a�f thtt Prr.��rty. ��r fc�r cnnveyancc in licu of condemn.itiun. arc hcrcby utitiigncd und �
<br /> tih:dl bc paid tu l.�:udcr.
<br /> In the ev�sm uf a tuuil tuking of tlw Niv�purty, thu prncceds shall be npplied to the wm,secured by this Security Instruiuent. �
<br /> whethcr ��r not thcn due, with uny excc�y paid w k��rmwer. In the event of u partiul tuking of thc Pruperty in which tha fiiir �
<br /> markct value of die Property immc�lintaly bufc�r� th�;taking is equal to or gretuer than thc amount of thc sum�tiecw•ad by this
<br /> Security Instnmicnt imrocdiutcly bef�irr.the takin�, unless Borrowcr and Lendcr otherwise agrec in writing, the�ums secured t►y
<br /> this Security lnstrument shall be reduc:cd bv tha amount of the proceeds multiplied by the fnllawing frnction: (a► tlte total
<br /> amount of thc sums sccurcd imtucdietcly bcfore thi;tnkin�, divided hy (b) [hc fair markct vulue ��f thc Properry immediutcly
<br /> befur� thc taking. A�iy b�dunc�: sht►II he: paid lu 43arrower. In thc cvent uf,i partiul tahing uf du Prajxrty in w-hirh the fair
<br /> markct vulue uf thc Pruperry immcdintcly h��fi�rr, thu laking i+lctis than the ar�•nunt of thc sum5 sccurul immediatcly bcturo thc
<br /> taking, unless Borroacr and L�:nJ��r uthcrw•isc a�,c«:in writing or unlcss upplicablc lavr uthcrwisc providrs, lhc proccedti shull
<br /> bc applicd to+hc�ums sccurcd by tl�is Sc.�curit;; Im..rament whctlicr�r not thc�ums arc thei��1uc.
<br /> If thc Property is ubandoned I�y I���rmwer,ur if,after notice hy Lender to Borrower that the condemnor offers tu mak�:ui
<br /> award or settle a claim fnr dmm�gu�, Bnrrnu�rr fuils to respond to L,endcr within 30 days at'tcr thc dutc the no[icc is givcn,
<br /> Lendcr is authorized to cc�llcct aind upply the pr��ce:e•�ls, at its option,cithcr to restoration or repxir of the Property��r to thc sums
<br /> se�:ured by thi;Security Instrument, whether c�r x�ut then due.
<br /> Unless I.ender and Borrower odiervrise a�:ree in writing. :�ny application of pmreecis to principal shall nut rxtend or
<br /> pastpone the due date of the manthlv paymcnts Rferred to in paragraphs I and 2 or change�he amount of such pay:nent..
<br /> I l. Bor�v�wer Nnt Releared;, i�nrh��nr�rr.e By Lender Not u Waiver.Extension of the time for payment or mcxfificution
<br /> of umortizatiun of the sums�ecured by thi:i S�o:urity Instrument granteci by Lender to any successor in interest of'Borrower shull
<br /> nut operate to release the linhility of tha�ir.g'r�al Horrower or Bormwer's succes,ors in mterest. L.ender shall not bc reyuircd to
<br /> cammence prucecJinFs aguinst nm� succcssen• in interest or refuse to extend time for payment or athenvise modify amortiwtion
<br /> of the sums sccured by this Sccurrry 1.nhtrumenc by rcason of any demand made by thc original Borcower or Burrawcr's
<br /> successors in interest. Any forbeara�ce by L.endcr in excrcising any right or remuiy shall not be a waiver of or preclude the
<br /> cxcrcisc of uny right or remcdy.
<br /> 12. Sucae.ssors a��d Assi�s 'F'xau�d; Juint and Several Liability; Ca�•si�ners. The covcnants and agrcements of this
<br /> Security Instcument �hti11 bind und benufit the successors und assigns of Lender and Borrower, subject to the provisions of
<br /> paragrnph 17. BonoN��r'r e�vcr.azts arid agreements shall be joint and severul. Any Borrower who ec►-signs this Security
<br /> In�trument but docs not executc thi;Nnte, (n) is co-signing this Security Insnument ��nly to mortgase. granc and convey that
<br /> Borrower's intcrest in the Property undcr the terms of this Security Instrument; (b) is not personauy obi�gated to pny ihc:sumH
<br /> secured by thi,�Security InFtrumcnt: ,md(c)agrecs that [.ender and any other Borrower may agree to extend, maiify, forbear or
<br /> mnke any accamm�xlatiuns with regAtd to the temis of this Security Instrument ar the Note without that Borrower's consent.
<br /> l3. Lourr ChnrRes.If thc;lonei hecurcd by this Security[nstrumcnt is subject to a law which sets maximum laan r.hurges,
<br /> and that law 'rs finally interpreted s►o thut the interest or other loan ehurges collected or to be collected in conneetion with th�
<br /> loan excecd tl•�e permitted limit:�,then: (a)any such loan charge shall be reciuced by the amount necessary to reduce tha charge
<br /> to the�xrmitu�l limit: and(by nny sums already collectcd from Borrower wliich exceeded permitted limits will bc refunded to
<br /> Borrower. l.eader may chuotic to �unke this rcfund by reducing the principal owed under the Nate ur by making a direct
<br /> payment to Eton•u�+�er. If a refund rcduces principal, the reduction �vill be treated as a panial prcpaymcnt without any
<br /> prepaymcnt charse under tho Noto.
<br /> l4.Nottors. Any notico to f3+�nower provideJ for in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first cla��s mail unless applii:.sMlc law rcquires usc of anothcr mcthod. Thc noticc shall be dirccted to the Property Addrcss
<br /> or any ott�er address Borrau�er dc�ignates by notice to Lender. Any notice to C.ender shall be Eiven by first class mail t��
<br /> Lender's address stuted herein or any other uddress Lender designates by notice to Borrower. Any notice provided for in thia
<br /> Security Instnmient whaFl bc de�muc!to have bcen given to Borrower or Lender whcn given as pravidcd in this pa��agrnph.
<br /> 15.Governing I.aw; 5����bility. This Secu�ity Instrument shA16 be govemed by federa! law and the luw of the
<br /> jurisdiction in which¢hr Prup;arty is loc:atai. In the event that any provision nr clause of this Security �nstrument or the Note
<br /> conflicts with applicabl,�iaw, sus'�c;�nflict shaU not affect other provis�ons of this Security Instrument or the Note which can be
<br /> given cffect without thc mnfliiKiiir provisinn. To this end the provisions o?shis Securiry Instrument aad thc Note are declared
<br /> to be severable.
<br /> 16.Bor�nw4�r'y 4:�i�py.Idonawer shall be given one conf�rmed copy of the Nute ond of this Security Instrumcnt.
<br /> 17.Trat�;ier oY it�ne Propetty or a Bene[tclal Interest!n Borrower.li's�ll or any part of the Propetty or uny interest in it
<br /> ia sold or trunuferred(or if a beneficial interest in Borcower is suld or transf'erruf cu►d B��nowcr is not:a natural person)without
<br /> Lender's prio� written con�,:nt. 1Lemicr may, at its option, require immcdiatc payment in full of all sums sccured by this
<br /> Sccuriry fnstrumcnt.Howe�•er,diis option shall not be exercisc�d by Lender if exercise is prahibitai by fedcral law us of the dste
<br /> of this Security Instntmcnt.
<br /> [f Lendr.r excrcises this option.I.ender shall give Bnrrower notice of acccleration. The notice shall prrnide a period of not
<br /> Icss than 30 Jayu frou� tho dutc the notice is delivered or mailcd within which Borrower must pay all sums sccured by this
<br /> Security Instrument.if&�rro+ti•er fails to pay thesc sums prior to thc expiration of this perioci, Lcndcr may imoke�ny remcdies
<br /> permitted by this Se:curity Inatrumi:nt widtout f'urther notice or demand on Borrower.
<br /> ' 18. Bormwer's Rigttt to Relnstate. If Burrower mee.ts certain conditions, Borrower shall have the right to have
<br /> enforcement of this Securiry Inst�vment disrontinued at uny time prior ro the earlier of: (a) 5 days (ur such other periocl as
<br /> applicable law ma,� r�secify for reii�stntement) before sale of the Propcny pursuant to any power of s:ile containoci in this
<br /> S�.*�urity Instrument:�r(b)entry of a judgment enfotcing this 5ecurity In�tQSianent.Thuse conditions am that Rorrower:(a)pays
<br /> � [.ender all sums which thcn would be due under this Security Instrument and the Note as if no aceclemtion had occuned; (b)
<br /> cums anv defuult of any oth�r covenunts or agrcements; (c) pays all expenses incurrai in enforcing this Security Instrument.
<br /> � includi��g, but not limitod to, rt;►..onable attorneys' fces:nnd(d)wkes sucl�action as i.endcr may rcasonably r�:yuire ro assure
<br /> � that thc licn of this Securiry Inrnvmcnt. L.end�r's rights in the Property and Borrower's obligation to pay the sums sccured by
<br /> � this Security Instrument shalt continue unchanged. Upnn reinstatement by Borrower, this Security Instrument and the
<br /> ..w1:....�:..«��a.......,t I.A.�1.0�I�ull r.�m��in fullv nffi�rtivr ac if nn�cr�l�r.��inn had occurrcd. Howevcr, this rieht to rcinstatc shall
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<br /> not appty in lhc casc of ucccicratiou widcr paragraph 17.
<br /> 19. Sale of Notc; Changc of I,c�an Serviccr. 'Thc Notc or a panial intcrest in thc Notc (togethcr with this Security
<br /> InstrumenU may ix sold une or more timcr without prior notire�o Bonower. A sale muy rcsult in a rhange in the entiry(known
<br /> as thc"Loan Scrviccr")that coll�tits monthly paynunts duc w�dcr thc Notc and this Sccuriry Instrument.Thcn:also may bc onc
<br /> vr more changes uf the Loan Scrviccr unrclutat tu,i s,►Ic of thc Nute.If thcre is a chan 6*c of the Loan Sciviccr, Borrower�vill tx:
<br /> givcn written nutic�:of lhc rhangc in accurduncc with par.�graph 14 ubovc and applirable law. Thc nutirc will statc the namc and
<br /> address of die ncw Luan 5crvirer and ilrc addres,w whirh p;►yments should bc made. 'Thc nnticc will also�ti�nwin any �xher
<br /> infonnation rcyuircd by applicable I.nv.
<br /> Z0. Hau�rdous Sutntunces. Norrower shall nut c.mtie or perniit the nresence, use, dispos:�l, stur.�ge, c�r rclea+e of any
<br /> Ha�anlous Sub�lanccs im or in thc Property. Ek�rrowcr �hull nut do. nor ullow anyonc clsr to do. anything affcrting thc
<br /> propcny diat is ii►vEvlatiun ��f nny Gtvironmcntal Law. The prcccding twu sentcnccx shall not apply tu the prescncc. usc, or
<br /> titorage or, lhe Pro}x:ny uf,m:dl yuantitics of Ha�rdous Substun�rs that are gencr.dly rccognixed ro be apprupriatc to nunnal
<br /> residcnti�d usc�and tu maintcncmcc��f thc f'roperty.
<br />= NoQO�o�a . . Form 3028 9l90
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