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<br /> su6stantialZg�i�vatent mortgage.insurartce coverage is not availabie.Borrower shali pay to Lxnder eac�moath a sum equal to
<br /> � ' one�nveiRb af.�e Ycarty mortS�e�sv�ance P�m�+�b�i°g pa�d by Horrower when the insurance rnverage lapseci or ceased to
<br /> � •�::�: rus as a loss reserve in lieu of mortgage insurancc. L.oss reserve
<br /> `�,.:', .. • .. be in effeg.I.t�dec vti11�eP�.°.�e and•ret�i4 these payme
<br /> s:�;, �•� `:�, tion of Ixnder,if mortgage insurance rnveragc(in�he:unount and for the period
<br /> ;F PaYments�'t{tftatt�et't��aqae�"�t theaP
<br /> . '`,���`` that Lender requires)provided by an insurer approv e d Iry E x n d e r a g a i n b e rn m e s availabte and is obtained. Borrowcv shali paY
<br /> - � .�,�� t6e premiums requu�to maintain ino rt g age i n s n r a n c e i n e ff c c c.o r t o p ro v i d e a l o s s r e s e rv e,u n t i l t h e�e quimment fot mort g a ge�
<br /> ` c�` ` .. insur�c�ends in accordance with anY written ageement between Horrower and Lender or applicabte law. �nder shail ive�
<br /> <::� � 9.Iaspectton.lxnder or its ageat may maRe reasonabte eatries upon aad inspections of the Praperty. � � �`�•:�:
<br /> "�,;,„• .� �� `. Bormwe�notice at the time of or grior to an i�pection specifying masonable cavse for the inspection. � ��_�
<br /> • .:;; 10.Condcmnadot�.The proceeds of any award•or claim for damages.direct or consequenriai. in wnnection with any � �`,:-
<br /> '� , condemnation or other taking of any par't of the Ptope»y.ur fos waveyance in lieu of condemnation,are hereby a�signed and
<br /> - shall be paid to L.cnder. � �I
<br /> . ; F• _.. � �
<br /> • In the event of a total t�Icing af the Propercy.the proc�cls shall be applied to the sums secund by t6is Security lnswme►n•
<br /> -`=-�°''�;� �vhether or not then due,�+ith any eacess paid,to Borratver.In the event of a parcial taking of the Property in wfiich the fair �`,,
<br /> .' `� `' market vatue of the Ptoperty i n u n e d i a te ly b e fore t h e t a k i n g i s e q u a t t o or g r e a t e r than the amount af the snms secured by this �;,_.
<br /> ' gecurity Insuument immediatefy before th'e taIdng,unless Bortvwer and lxnder otherwise agree in writing,the sums se�vred by �ji
<br /> this Security InsWment shali be ceduced by the amourR of the praceeds multiplied by the following fraction: (a) the total �__
<br /> �;;�;:.�'.� atnount of the sums secured imtnediatelY before the taking.divided by(b)the fair market value of the F�operty irnmediatety -_
<br /> :, :•,. :,,.`.'�``' before the talcing. Any balance shall b�paid to Borrower. In the event of a partial taking of the Pmperty in which the fair —
<br />_ �`... marIcet valae of the Pcoperiy immediately before We taking is tess than the amount of the sums secured immediately before the —
<br /> -�'•''' " m arcitin or unless licable law otherwise provides,ihe proceeds sha1�
<br /> :``' ;.:-: .. taking. unlqs Borrower aud Lender otherwise agree - S aPP
<br /> . ':.-,-•_,. be apFlied to the snms secured bY this Security Instrument whether or not the sums are thea due.
<br /> ,"r. ; If the Property is abandoned by Borrower.or if,after notice by i.ender to Borro�e;chat the condemnor offers to make ar►
<br /> � award or settle a cla�m for damages.Bor�ower rails to msPond to L�ender withic►30 daYs after the date the notice is given,
<br /> `,,.�:;;.- ,,;':'. ortothesums =
<br /> ,: ,�. . . . Lender is authorized W coitect and apply the pr�s,at its option,either to reatoratIon or repair of the ProPenY
<br /> . - . :u � secured 6y this Secnrity Instmmea�t,whett�er or noi then due. shaU not extend or
<br /> . . . Unless L.e n der a n d B orcower o t h e r w i s e a g r e e i n w ri t i a g. an y a p p l i s a t ion of proceeds to principal .
<br /> ' � '';.:�,� hs i and 2 or chaage the amount of such payments. _
<br /> _ __ - = postpone t l�d u e d a t e of the monthl Y P aYments referred to.in paragrap � or m o d fi c a t f o� .
<br /> I°� `�,��=°� lp.Bon�wer Nnt Reteas�Formearance By Lendep Not a Waivea:Exsensian af the timc for yment --
<br /> � `� Insaument gtantcd by�der to any successor in.interest of Borrower st� __
<br /> of aaiorti7ation of the sums sewred b y this SecuritY _
<br /> - �'•��:�_ � not opetate to release the liabiliry of the ortgi�sal.Borrower os Borcower's saccesso:s in interest.Lender sha11 not be required tc�� _
<br /> ' '• commence Pmoeedings against a�suooessor in interest or n�'use w extend tiine far payAte�or otberwise nlodiFy amort�tio�� �. � ,,
<br /> , �;�:�
<br /> • .:;;�.5..: �:.,� .-r of the sums secured by th�s S��ity insriun►e�►t by•ceason of any demand made bv the original Borrower or Barrower s.
<br /> •.,:.�.��,{ r' ." ;�. successors in intet�est. Any fo�rance by lxnder in exercising any rigdt or remedy Shall aot be a waivgr of or preclade the --
<br /> , � y.. exercese of any right or rem�y Bo �cs�t and Several Ltability: �� The covenanu and agrcements of this
<br /> � 12.Sucoessors and Asslg�s mad; � �" `
<br /> , , �t , ::'��. Security Instrameat shall bind and 6enefit the"successors and assigns of[.eader and Borrnwer. subject w tite provisions of .., _--
<br /> , � �`��.: Patagraph I7. Borrower s wvenants and agroements shaU be}oint anc�•3everal. Any Borrower�who,co-s'i�d e tb�at ---
<br /> • .s��i„.�`. Inspu�knt but does not execute the Note:(a)is co-signi�rc�is Se�ui�Y��ssttament anly to martgage.� ��.
<br /> gm II
<br /> ' Bomawer's interest in the Pmperty under she tem�s of this$�urity I�en�:(b)is not perso�ye�e����fa�or
<br /> , . ';.;-.'•��. secuted by this Secarit5+Insuumen�and(c?agrees that Lender and any e.,�.�r Bomawer may agrr�e
<br /> � ;� make any acoommodations with regard w the teccas of this Secaricy Tnsmar.�at or the Note without that Botrower's caasent.
<br /> _ . �. � � �3.Laan Chasges.If the loan secured by t1us Security Insuume.�3s�bject to a law which sets maximum loan charges. ��.
<br /> ` ` and that law is finatIy interpreted so that the interest or ather loan char��crollected or to 6e wllected in connedion wit6 the __
<br /> :.1��,,:�, ;'�:'� toan e�ceeed the permiued limits.then: !a)�Y such loan ct�arge shal!be r�:ucad Cy Uze amonnt necessary to reduce the eharge
<br /> - �.:
<br />:. .�:;ci�;�{'�F>: . � � to the permiued limit:and @}�.:--�*,�sWms niready coltect�fmm Borrawer wfiic:�e�Pemutted limiu will 6e refunded to
<br /> `.�'i�`?f•�:.':� "�: Sorrower. Lender may choose•e� make th�s tefund by r�incing the�rincipa3 oF:.�c under the Note or by matsing a direct �
<br /> ......:.: ... . ..�...� a mertt without any
<br /> payment to Borrower. If,a refund reduces �rincipal. ti�e re�lucaon wiil�be aeate�i as a partial PreP Y
<br /> . ' '_;. .�•;�.�� prepayment charge under the Note. . �
<br /> ,14.Notices.Any notice to Borrower provided for in this 5ecurity Instrument shall be gven by deliverins it or bYAdd�ress
<br /> t ';;�,�',�. �� ��'��;,�� it by first class mail untess applica6le law requires use of another mechod.The notice shail be directed to the Property
<br /> . :����-'�,d �. : •� or any other address Bormwer designates by notice to Lender. Any notice to Lender shall be given by first�.ss mail to
<br /> '''"�� y�° Lender s address stat�herein or any other address Lender designates by nodce so Borrower. Any notice providi�d.far in this
<br /> ' � � ���� . Security Instrument shatl be deemed to have been given to Borrower or L�ender when given as provided in this paragraph•
<br /> ,. : � "• $• 1�;Gavernipg Law; Severability. This Secunry insm�ment shaU be govemed by federal law and the law of the
<br /> ,•:''�''�. � ' :.�' ` jutisdiction in which the Pmpert�+is tacated. In the event that any provision or clauss of ttus Security Instniment ar the Note
<br /> . �f� .
<br /> = �;;;x,:'. ;•��.�::' conflicts with applicable law,sw.b oonttict shatl not affect atfier provissons of this Security Instrument or the Note which can be
<br /> - '�"`'`'`�� �` ' � given,efFect without the oonfl�d�provisIon.Tu this end the provisior�s of this Security lnspvment and the Note are declared
<br /> �'�+'i;<i;''���•• �r tobeseverable. ��,• � .
<br /> .,,r�_�;...:;., .
<br /> �,:�.•f 16�gprr�wel�8 Copy.$drrower shall be given oae conformed oopY af the Note and of this Security o�e��e�t in it ,
<br /> rro
<br /> 19.TransPer of the Pr+opert3r or a 8eneflciaD lnterest in Borrower.If all or any part of the pertY �Y
<br /> - '� ' ia soid or transferred(or if a beneficifJ interesi in Borrowet is soid or transferred and Borrower is not a natural petsan)withm,.�
<br /> �.,:;,'
<br /> � .5 ' i,endes's prior written consent. Lender may. at iis option. require inunediate payment in full.of all.sums �acared 6Y �is ^
<br /> :,F„.c•,�-�.�- �� S�curity Inswment.However.this option shall not be eaercised by Lender if exercise is prohibited by federal!a�%:s of the date
<br /> `'��� • ' � � �. of this S�ty Instrument. �
<br /> �`' ' � � ' if Lender eaercises this option,Lender'shall g►`re Borrower notioe af acceleration.Tne notice s�.all provide a Qeriod of not
<br /> .�:;�:.�' less than 30 days from the date the noti�i.s delivered oi mailed w'►'��.�which Borrower must p,.-y a11 sums secured by c.`�;�s. -
<br /> • • Securiry Inswment.If Borrower faits to psy these sums prior to the expii`ation of this pedod.Lender may invoke airy remeC:xs __
<br /> _ __ ' .�,x parnitte�by this Security Inssa'�ament without further na��or demand on Borrower. . _
<br /> .�f 18. Boirower's Itt�s � Reinslate. if Bflrrac�•�x meets certa�n wnditions. Borrower shall have tfre right to have
<br /> �cL,,,. : .:
<br /> '3i;.,, . , ' enforcement of this Secunty Instrument discontirnied�anY time prior to the eartier of: (a)5�MYsof sale ca��ain� in chis ._
<br /> � " applicablc law may specify for reinstate�ein) before saie of the Property pursutu►t to any po _
<br /> • � Secvriry Instrument:or(b)entry of a judgment enforcina this Security Instrument.'i'hose conditions are�hat Borrower:(a)pays _
<br /> ' Lender all sums which then would be due under thls Security Insiru*-�'rie and che Note as if no•�x�eration had accurnd:t�ti =
<br /> . . cures any defauit of any other covenants or agreemeMS:(c)Pays afi expenses incurred in enforcing this�Sec�ricy Instr��?. _
<br /> � including.but not limited to,reasonuble attomeys'fees:and(d)takes such action as L.ender may reasonabiy ��ire to assure -_
<br /> � that the Iten of this Security Itistrument.Lender's nghts in the Property and Bonower's obligation ta pay the s�ms secure�l6Y _
<br /> , , this 5ecurity lnstrument shall conUnue unch�g�ed. �U�n�rai�tat�emle nt�o���How�ever.tt►�is n'gt►t to re nstate sha11 :
<br /> ,�� :: .�;; o6ligations secumd hereby shali remain fitlty eff _
<br /> not apply in the case of acceleration u�er paragraph 17. _
<br /> � 19. Sale oY Note; Chenge of i.oan Scrvice�. 17►e Note or a panial interest in the Note ttogether with this Securiry
<br /> � Instrument)may be sold one br more dmes withaut prior notice to Bonower.A sale may result in a change in the e�ttiry(known _
<br /> � as the"j,p8I1 SL'NtCCf")that opllects monthty payments due under the Note and this Secunty lnstrument.There atso rnay be one
<br /> -. ' ' '""- or more changes of the Loan Servlcer uarelated to a sale of the Notc.�f thete is a���Se I�w�The no sce wicll stat rthe ename�and � -
<br /> . '.' . gtven written notice of the change in siccordance with paragreph 14 above and app =.
<br /> i
<br /> . �ddress of Ehe�rew Loan Servicer and the adQress to wfuch payments shouid be made.The norice will also comain any oiher,
<br /> � � ' information cequired by applicable law. • -
<br /> �, �rdous 3ubstances.Boaower shaU not cause or pemtit the presence.use. disposal. storage. or release of any
<br /> � ,;:� Har�rdous 5ubstances on or in the Pcoperty. Battower shall not do. aor ultow anyone else to dn.anything affecting the
<br /> . _._.�__, _ Property that is in violation of sury Envlronmental I.aw.'fhe preceding two sentences shail not apply to the presence.use.or
<br /> : . y-�ge u„fi�pi af snrs!!quaniltles Qf H�mrAnus Substanc+es that ase Rencrally c+ecognized to be appropriate to nom�al =:
<br /> - ':: �' res£dential uses to maintenance of the Property.
<br /> _ ' • ' . veae a o�a Form 3028 9/90
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