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<br /> +ubstuntially cyuivalrnt mart afic intiur.mrc r.�vcragc iti not uvniluhlc, Harmwcr �:hall pay w I.�:ndcr carh monih a tium cquul tu
<br /> . onc-twclfth uf thc yeurly md�gagc i►�suran�c prcmium bcing n;�id by Horruwcr whcn thc rosuraucc ruvcrugc liipsr.d ur ccascQ lo
<br /> � Ix in effcct. l.cndcr�yill ucapt,usc imd retuin thcsc puymcntti nti ii lotis rescrvc in licu ul' murtgagc intur:mrc. la�ss reserve
<br /> payn�cnts muy nn lon�#cr t�c requircd,al thc option i�f I..�ndcr, if'murtgugc in,urancc ruvcrugc(in thc.miuunt nnd fur if�c�xri��
<br /> thut I.endcr r�cquires) provideal hy an insurcr approvcd by I.cndcr u�t�in hcrontcti uvuilablc ;md is ohtuincd. I3urrowcr shull pay«J
<br /> tlic prcmiumti rcquirc�l to uiaintain niortgakc insurimrc in rticcl,ur tu pruvidc a lass rc+crvc.uititil lhc rcyuircmc�il Gtt oiutt�:ugc `
<br /> � inxurunac cnds in accurdancc wiUi uny�v�•iitcn.igrccrnent hchvccn Bc�rr��wcr and l.cndcr or uppliciihlc I,nv.
<br /> 9. L�spectlon. I..cncicr or i�+ agcnt muy makc rcussmablc entric+upou;md in+�xcdun,�if thc Praperly. IAndcr tih:dl �,iv�
<br /> l�nrrinvcr noticc at thc timc of e�r pri�ir to an inspertion spccifying rcu,unuMc cuusc for thc inti�ctinn. p
<br /> 10. Cu�identnation. Thc procccds iif auy �iwu�-d ur cluim for dumugcs, dircct ur c�msequcntial, in canncctiun with an
<br /> condcmnutiun or othcr wking uF any purt uf thc Propcitiy, ar fnr canvcyuncc in licu uf rordcnuiatiun. arc hcrchy.�tisibucd ai�
<br />, sliull bc paid to Il.endcr.
<br /> [n the event of u totnl iaking��f'the Property,the proceeds shall he applicd tn the sums sccured by this Sccurity Instrument�'�A
<br /> whether or not thcn duc, with any excess paid to Borrower. In thc cvcnt of u purtinl tuking af tl�e Proper�y in which �he fail�
<br /> m:irkct vuluc af the Property immediutely hefore the tuking is cyuul to or grcatcr than the amuunt of the sums sccurcd by this
<br /> Security Instrument immediatcly beforc lhe�uking, unlcss Horrower and l.ender othcrwise abrce in writing, thc sums sccurcAl by
<br /> this Sccurity Instrument shall be reduced by the atnount of the proceeds multiplied 6y the fallowing fraction: (a) the !otnl
<br /> :unount of the sums secured immediately b:fore the raking, dividecl by (b) the fair market vnlue of the Property immeciiutely
<br /> heforc the taking. Any balance shall be paid ta Borrowcr. In the cvent of a panial takins of the Property in which the fair
<br /> murkct value of tlie Property immediately beforc the t:�king is Iess than the amount of thc sums secured immcdiatcly beforc the
<br /> taking, unless Borr�wer and Lender otherwisc agree in writing or unlesx applicable law otherwise provides, the proceeds shall
<br /> be applir:d to the sums secured by this Securitv Instrument whcther��r not the sums are then due.
<br /> If the Propeny is abandoned by Eionnwer,or if, aRer notice by l.ender to Borrower that the cundemnor offers to make an
<br /> nward or settle a claim for damages, Borrower fails to respond to L.ender within 30 days after the dute the notice i,r• given.
<br /> I.endcr is authorizcd to collcct and apply thc pracexds,at its option,either to restoration or repair of the Prc�perty ar to ahe�zms
<br /> sccurnd by this Security Instrumcnt, whether or not then due.
<br /> iJnless f�ender and Anrro�ver otherwise ugree in writing, any npplicxtian of prcxeeds to principal shull not extend �r
<br /> postpone the due date of the monthly puyments referred to in puragraphs I and 2 or change the amount of such payments.
<br /> 11.8orrower Nol ReleA.ged;ForbeurAnce Iiy I.ender 1Voi a VVaiver. Extension of thc time f<�r payment or modific;ition
<br /> nf xmartization of the sumssecured by d�is Security Instrument granted by Lender to any successor in interetit of Borrower shall
<br /> not nperate to release the liability of the original Borrower or Borrower's successors in interest. L.ender shall not be�equired to
<br /> commence proceedings against any successar in interest or refuse to extend time for payment or otherwise modify amartixation
<br /> of thc sums sccured by this Security Instrument by rca.eon of auy demand made by the original Borrowcr or Borrowcr's
<br /> successors in inteeest. Any forbearance by C,ender in cxcrcising any right or remedy shnl) nnt bc u waivcr of or prcclude the
<br /> exercise of any right�r remaiy.
<br /> 12. Successors anc7 As.signs Bound; Jolnt and Several Llablflty; (;o-sfKnrrs. Tha covenants and agrccmentti ��f this
<br /> Security lnstrumant shall bin� und benetit thc successors und assigns uf Lender and Borrower, subject to lhe provisiunti uf
<br /> paragraph 17. Fiorrowcr'� covcaants und agrccmcnts shull bc ja�int und scvcrul. Any Borrowcr wh�► rn-signs this Securiry
<br /> Instrument but c!oes not executc thc Notc: (u) is ro-signi�ig thi5 Sccurity Instrumcnt only to tnurtbage, grunt un�t convsy that
<br /> R��rnw�r'c intrr�at in thr PrnnvMv nndar Ihc�crms of this 5ecuritv Instrument: (h)is not ncrsonallv oblit;atai to paV Ihe.rums
<br /> sccured by thi+Sccuriry Instruincnt; und(c)abrceti thut l.ender and any other Horruwcr muy agrcc tn extcncl, mcxlify, forbear or
<br /> makc uny uciomnxxiutianti with rcgurd to thc tcnns of this Sccurity Instrumcnt or tBc Notc withuu�thut Hormwcr's consent.
<br /> 13. I.uAn Cluirq�. Yf thc luan secure.�i by this Securiry Instrument is subject w a luw which sets maximum Ioan charges,
<br /> und that luw is finally interprettd so that tht interest or other lo:ui charges collected or to be callected in cunnection with the
<br /> loan exceed the permitted limits,then: (u)uny such loun charge shall be raluced by the amount necessary to reduce the chargc
<br /> to the p�;rmittod limit;und(b) any sums ulready collectecl from Borrower which exceeded permitted limits will t►e refundeci to
<br /> Borrower. Lcnder may choose to make this refund by reducing the principal nwed under the Note or by making u direct
<br /> payment to Borre�wer. If a refund reduces principal, the reduction wiil be treated as n panial prepayment without any
<br /> prepayment charge ur.der the Nate.
<br /> 14.Notlees.Any notice to Borrower provideci for in this Sec:urity Instrument shaU be give�by delivering it or by �nailing
<br /> it by first class mail unless applicablc law requires use of another method. The notice shaU be directeil to the Prop.rty Address
<br /> or any other address Borrower designates by notice to L.ender. Any notice to Lender shall be given by first class mail to
<br /> Lcnder's address stated hercin or any othcr address Lender designates by notice to Borrower. Any notice provided for in this
<br /> Security Instrument sba11 bedecmed to have been given to Borrower or Lcnder when given as providod in this paragraph.
<br /> 15.Governing Law; 5everablllty. Tliis Security Instrument shall t�e governc� by federal I�w and thc Isw of the
<br /> Jurlsdictiun in which the Property is located. In the event that any provision ur clause of this S�ecurity Instrumer.t or the Note
<br /> conflicts with applicable law,such canflict shall not affect other provisions of ttiis Security Instrument or tha Note which can be
<br /> given ef�'ect wlthout the conflicting provision. To this end the provisions of this Securiry Instrument and the Note are declared
<br /> to be severable.
<br /> 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of thi.r-Security lnstrument.
<br /> 17.Trans[er of the Property or a Beneticiai Inter�t in Borrower.If all or any part of the Praperty or any intcrest in it
<br /> is sold or transferred(or if a bencficiul enterest in Borrowcr is sold or transfcrrcci and Borcower is not u ns►taral penon) without '
<br /> l.ender's prior written consent. Lender may, at its option, require immediate payment in full of all sums secured by this
<br /> Sccurity Instrument. Howevcr, this option shall not bc exerciscd by[.endcr if excrcise is prohibitcd by federu!law as of the date
<br /> of this 5ecurity Instrument. i
<br /> If Lender exercises this option, I.ender shall givc Borrower notice of acccleration. The notice shall�rovide a period af not
<br /> ' Icss than 30 days from the datc the noticc is dclivcred nr mailed within wl�ich Borrower must pay ali sums securcd by this
<br /> ' Security Tnstrument. If Bottower fails to pay thcsc sums prior to thc cxpiration of this period,Lendcr may invoke any remedies �
<br /> permitted by this Security Instrwnent witliout funher notice or demand on IIonower.
<br /> 18. Barrower's Right to Relnstate. If Borrower meets certain conditions, Horrower shall havc the right to have ;
<br /> enforcement of this Security Instrument discontinued �t any time prior to the earlier of: (a)5 dnys (or such other period as
<br /> npplicable law may specify for reinstatement) before sale of the Property pursuant to any power of snle containal in this ;
<br /> Security Instrwnent;or(b)entry of a judgment enforcing thi5 Security Instrument. Those conditions are that Borrower: (a)pays
<br /> ' I.ender all sums which then would be due undcr this Securiry Instrument and tlie Note as if no aceeleration I�ad occurred; (b) '
<br /> cures any def�ult of any other cuvenunts or agreements; (c) pxys all expemes incurrecl in enforcing this Securiry Instrument,
<br /> ' including, but not limitai to, rcasonablc ottorncys' fecs: nnd (d) takes such action as I.cnder may r�asonably require to assure
<br /> " thut the lien of this Security Instrument. I.endcr's riglits in the Property and Borrower'�obligution to pay the sums securcd by
<br /> ' this 5ccurity Instrument shall continuc unchanged. Upon rcimtatc►ncnt by eorcowcr, this Security Instrument and thc
<br /> obligutions securerJ hr_reby shull remain fully effective as if no ucccleration hAd oc:curred. I-Iowever, this right to reinstate shall
<br /> . _�_.:_.�__ _�____�_�.:......_.,__...._..._...�. ��
<br /> ilvi n�/�l�'�u urv�.Aa�,vt a�.uR�nuv��vuu�.� �.mu�j.u�... ...
<br /> 19. Sale of Notc; Change of Loun Scrvirer. The Notc or :t partial intcrest in the Note (wgethcr with this Security
<br /> Instrument)may be sold one or more timr;s without prior notice to Borro�ver. A sale may result in a change in the entity (known
<br /> a3 the"Loun Servicer")that collects monthly payments duc under the Note and this Security lnst�vment. There also may be one
<br /> or morc cl�angcs of thc Loan Servicer unrelatcxl to a sale nf thc Note. If there iti a change of thc I oan Servicer,Borrower will be
<br /> given written uotice of the change in accordance with paragraph t4 abnve and applicuble Inw.The notice wiU state the name and
<br /> address of the new Loan Scrvicer and the address to which payments should be madc. The notice will also contain any other
<br /> infomiation requircd by applicable law.
<br /> 20. Huzardous Substnnces. Borrower shull not rause or permit the presence, ute, disposal, storuge, or rclease of any
<br /> Huzardous Substances on or in thc Pr�perty. Borrowcr shall not do, nor allow anyone clse to do. anything affecting the
<br /> Property that is in violation ot'any Environmental La�v. The preceding twa sentences shall not apply to tlie presence, use, or
<br /> storage on thc Property of small quantitics of Hazurcious Substnnces thnt ure gencrnlly rec;ognized ta be appropriatc to normal
<br /> residential uses and to mainte�iancc of thc Property.
<br /> Peflo 3 of 4 Fotm 3028 9190
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