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<br /> �:-�':O.t,;«:',f-,` � t0 I.CAI�Cf C3Cft[iIOIlill S Slilli Ct�lk'i�LL1 -
<br /> -.`.�::,:- , subsmnda!(Y equivaleat mortgage insutance ooverage is not availabte.Borrouer sha!! y _ `
<br /> �' ' o�-tweifth vf�the yearly mortgage insurance pretnium 6eing Paid by Bonower when the msurance mverage lapsed or c�tsed to
<br /> �''�`�`_ .�"-"'`' be in effect,I.ead+er'will�coept.nse aad retaiu thesx payments as a toss res6nc in lieu of mortgagc insurance. I.oss reserve� .:
<br /> � �::�:r' ` ` �ts may no tonger be requrr�d,et the aption of Leuder.if mortgage insurance wverage lin the�nount and for the periad� ...._
<br /> , .- . �. � -
<br /> �° • r' roved b i.ender a a hemmes availabie and is o6tained. Borrower shall pay ,. �;�.
<br /> '<� :.. � t�Lendes reguires)Pmvided by an ins+iter app Y � �
<br /> . ` ." ���: wred to maintain mo�ge insntance in effert.or ro ptovide a toss reserve.until the requimmeat for mortgage � r.
<br /> . . r ., �p�ums req
<br /> ' ..�"�. insntance rads in acoordance with any writ�°°��b�weeo Borrower and Leader or applicabie iaw.
<br /> `• _ 9.IuspectFoa.Leader or iLS ageat may mafce reasonabte entdes upon and inspeetiuns uf the PropertY. lxnder shall Bive � .
<br /> ,�`� • `- Barrower notice aE the time ot or prior to an inspection s'Pec+fYing[ensonable cause for the in5pection. _ .
<br /> . `` ., I0. Condemnation.The proceeds of an}r award or clatm for d�maSes•,direct or consequential. in rnnnection witb any� �,
<br /> " ,:•� ��,�: oondemnatinn or other taking of any part of the Pmperty.ar for oonveyance�n iiw of condemnation.nre hereby assigned and�. `
<br /> � • er. Instrument. �-°rf-
<br /> . . ` " ; << sha31 be paid to Lend
<br /> • T '•�.��. In tiie eveat of a total taking of the Prorxriy.the Piocea1s shall be applied to We sua�s secvred bY this Secunty
<br /> `.`;.��=r� wiuther or not then dae. with a�Y exeess pazd�°�4n'Ow�T. �the event of a partial taking uf the Property in which the fair �*_
<br /> � �value of the Fropeity immediately before the taking is equal to or greater than the acnount of the sums secure�f bY tdis �:
<br /> . . , � Security Insannaent immediately befote the takin8,unless Borrower and Lender otherwise agree in writing.the sums�by .�__.
<br /> e
<br /> �., this SecuritY Instniment shall 6e reduced by the amqunt af the proceeds muIti�tiied by the fopowing frasxioa: (a)the tota! __
<br /> �� ` ` ., amoaut o#the sums secuivd immediately befare the takir►g,divided by lb)tiie fair market of the Propei'ty m wtd�fa t --,- -
<br /> - a --
<br /> . ``�'� before the taking. Any balano�s}taU be paid w Borrower. ln the event of a partial ta[anS ��Y � _
<br /> • �C �s less than the amount of the swas secuned immediateiy beforc the
<br /> .. �..r y ' market vatue of the Frope�ty immediately before the ta[cing: __ _.
<br /> taking.unless Brnm wer s u d L e n d e r a d i e r w i s e a g r e e i n w riun g or untess a p plicable law.otherwise provides.the proceeds shall � �
<br /> -` U :��` . be app l i e d to t h e suuis s e c u r e d b y this 5ec�ui ry Insuumem whether or uot the sums ace then due. �_-
<br /> �.: e
<br /> _ '���; �f ttce Pcoperty is abandoned by Bormwer.or if,after notice by Lender to Borrower that[he oo n demnor o ffers to m a ke aa
<br /> ., award or setde a ctalm for damages.Bo�wer�s�t i����°either[o restorat on o:repair of the Pro�pereY o o the sYU�s �.
<br /> .. � '' `. .� L e n d er is autEto�Ed to oollecc and aPP Y P
<br /> :''_:;;; .' - secuteu 6y 'ius Seci ity Instr�mc�t.whet h e r at not t hen du e. 'lication af mseeds to prinapal shall not extend or =
<br /> ::. m
<br /> • ` Unte�s l.ender and Borr�a.:r othe�.�se agnee in amting, anY aPP p —
<br /> �..��. postpon2 tiie d¢e datc of We naonthly payments teferred to iu parag�aphs 1 and 2 or c�ange the amount of sacb paymeats. __
<br /> ';. il.Bor�o�eer Not Rdeased:Forbearance By I.eudes Nat a Watver.Extension of the ame for payment or modifiration --
<br />:.;.. :"
<br /> of amortirdtiaa of the sums seiwed by this Security Iustrument granted by Lender to any successor�n�ntecest of Bosrower shall
<br /> �n
<br /> - - -. not opezate to re�ease the liability of the onginal Hosrower or Batrower's successois in interes� l.ender shall not be reQuired m —
<br /> , commence pmceedings against�Y suaxssor m interest or refuse to extemd tirae for payment or otheraise modi€y amortization --_
<br /> � ��"';1i4, of the sums sec�md by this Secunty Iasuument by reason of aay demand made by the original Borrower or Borrower's
<br /> �� ,.•;� suooessots in interest. My forbraranoe bY Leader in exerc�.sing any »ght or remedy shall nut be a waiver of or pneclude the �,
<br /> :°�, _,_� .�•,."`• eaercise o f any ri g h t or r e m e d y: Boandi doiai and Seve�al LiabWtyi ��� The covenants a n d agree m e�►ts of this ..j.
<br /> .._,.._.._..,��..�. • 12.5uccessors and AssIgns e --
<br /> �, .�`�r : � ., ��it3+ 6ast�ument s6all bind and benefit the successors and as�itSns of LaiQer and Boaower.sub,{ect m the pmvesions of -
<br /> . • . „: �graph �7 8orrower's covenants and ag�emel►ts sha11 be joint and several. Aay Bortower who co-signs dvs S�urity -
<br /> Instnua��t 3aes.not exectite tbe Dtote:(a)�S vo-signiag this Security Instmmem only to moc�age,gta�rt and comey that
<br /> °,�' � . Eoaowei's!�»�in the Propc�rty�under the temns of tius Securiry Instmment:@)is not per�scraity obligaz�i w pay the sums
<br />;.. .' ;.'• nY and(c)ag�that Lender and any other Horra�er may ag�r to extemd..modify.forhear or
<br />=�#�;s;' ;. ..,,�:� °� secnie�by this Secutity�e •
<br />:�:l�r`;�z;�5�, make any accommndatians v�ith re8ard to the terms of this Seeurity Insutaaent or.di��Note without that Botruwes's co�ent. --
<br />_=%�lf:.:;•.,.-::.'�.•�i•, $ix�e loan.secured by this Security Inst�ument is snb ac�soa 1aw wt�idi sets maximum loan charges. -
<br /> •. �, ,, a:,:..� •and that tawe s��I'P��so thas.the interest or other loan charges w�I�:ed or to 6e calected in connection wtth tf�e ---
<br /> ��,��� �- '�; t�,��.: loan eacc�iE the permiue�limits.then_i�any such loan charge skall be re�ucad 6,�;the amomrt r.�cessarY to reduce the charge
<br /> , � �;,.
<br />_,�_r=�.• �•:�:,�;ft�,;:'• to tAe pertnitted tunit;and(6)any sums atready collecxed frum Borco�ver whicTi��xoceded permi�.�d limits wi116e refun to _
<br />=�,�"'�.,;.-`.�; .,`•-:.` ' $orrower..I.ender may choose to make tlus refuad by reducing the principal ou�ed under the Note or 6ment ar hou�
<br /> � "� payme,�►t to Borrower. If a refund reduces principal. the reductton will 6e tFrated as a partial Prepa9
<br /> , � '; ... ..:�`� >� prepaYmedt cd�arge under the Note. -
<br /> . - . • "L 14,r;^'�Ices.pny notice to Bom�wee provided for in th�s Security lnsuumem shal�be b*i�en by deliveriag�it or by mailin8
<br /> �..�'��; '. it by firsis�s mail unless applicable law requires�se of another methad.'Ihe notice shall be directed to the PcopertY Address
<br /> � • or anY o��r..c address�orrower designates by notice to Lender. Any no noti'ce Q Borrowe�MY t►od e Prov de�for'm�tlils
<br /> - ':� Lendet's address state��aerein or any other address Lender designates by
<br /> I . �•�.'.a, Security Insnamehc sba�Il b�decm�d to have been given to Borrower or Lender when given as pmv�ded in Ws P�S�Ph.
<br /> � � ��� Instrument shall be �ovemedb�+ federai law and the law of the
<br /> '•`'"• :" 15.Governing 8�i�sr+ everability. This Secauity t�
<br /> `` .L�• 'urisdiction�n wl�ich d��oPenY is located.In the event that e�►Y D.�'�si of this Securi f lnstrument orl�oewhich c�n 6e
<br /> ��t..
<br />- 1conflicts with applicabie Y�w,such wntlict shall rtot affect ather provu:ons
<br />_ �,�, � . '. �iven eff�t without ths�o�Dict�[�-,�'�ision.To this end the provisions of this Security Inste�ent and the Note are deciared
<br />- • �. to be severehLe. • ��
<br /> � �� i6.Borro�rer's CoB�•Borro��r s��1�be given one conformed copy of the Note aad of thia Security Instcume�►�.
<br /> . .': :, . 17.7Yansfer of�r�ropert}�r a Benettdal Iaterest in Borrower.If all or any part of the Property ac any inierest in it .__
<br /> . rt rson)without
<br /> ' ���•t � is sold or uaasferred(or if a beaefic�I�interest in Borrower is sold or transferred and Borrower is not a natc�po c_
<br /> • Lender's prior written consent. La�r may, at its opuon. requi�imm�jate payment in full oF all sums secured�by sh#s
<br /> � Security Instrument.However.this opclan shall not be exercise�fe f by Il�nder if exerc�se�s protutined by federal law as of the a�te
<br /> � . of this SECUrity Inst=ucr�.t. -
<br />- If Lender ea�ercises�his option.I.ender shall�ive Borrower notice of accetemtion. The naice shall pmvide a period of not _
<br /> . ' � ° less thaa 30 days f rom t he date the notice���ei sums�dor to he exQiratlon o das p rio�,i.end�may i o ke�az►y�remedies '
<br /> . . Se�rity lnstrument.If Borrower fails to pay . P •
<br />— ' � �� .. petmitted hy this Secudty Instrument without further notice or demand on Borcowet. __
<br /> 18. Bm�eo�ver's Rlgdt to Relnstate. If Borrower meets certain condirions. Borroau sha�1 have the right to have
<br /> • • � • . enforcement of this Secucity'fo�r re,'nstat m�ent)1bef� sale of he Property pursv'a�►t t f�anY PoweFSOf sale aonta�en�i�n�this __
<br /> - applicable law may sisecifY
<br /> � :.,`�r�:,•: Security Instrument:or(b)entry of a judgment enfotcing this Security Instn►ment.Those conditcons are that Borrower:(a)pays c
<br /> �:' `'`� � Lender alt stuns which then would be due under this 5ecurity insttument and the Note as if no accelerauaa had occuRed:(b) -
<br /> • �"'�'- � wres any defnult of a�ry other oovenants or agreements:(c)pays pll expenses incurred in enforcing this Secvri uire to assure �`
<br /> " including.but not timited to,reas�nable uttomeys fees:and(d)takes such action as Lende�maY reas°�'�y *�!
<br /> ' . that the lien of this Security InsUUment.Lender's n�Upon rePn�ement by Borrowerbligas S�ecunty Instnuneat and the �'
<br /> - -- . .. this.Security Instrument shall rnnhnue unchangea
<br /> th ecu
<br /> - � „ • obligations.secuted hereby shalt remain fully effective as�f no accelerarion had oaurred•Ho�yever,this right to reinstate shall
<br /> `` not appty in the case af acceleradan under paragraph 17.
<br /> "' '"' ' �"`'. 19.5ate of Note; Change of Eoan SErvlcer. The Note or a.partial interest in the Note (together with this Security
<br />— � � • Instrument)may be sold one or more timcs wi ao��d�tu der the NoWe and this Secuyrity Instn�ment.gThe �lsa maY be one •�
<br /> ' as ths"Loaa Seivicer")that collects montlily p y . �.
<br />— or more chaages of the Lpan Secvicer unrelated to a sale of the Note.ff there is a��ge1awh������s Bt the ename and -
<br /> �� � given wdtten nouce of the chsinge in accordance wlth parag,raph 14 above and app' � _
<br /> hn
<br /> ' � address of the new Loan Servicer and the uddress to which payments shoutd�e made.7'he notice wiU also wntain any other . _
<br /> information requiral by applica6k law. _
<br /> ' �' � ` • 20,Hauvdous 5aehste�• Bo�wer shall not cause or pem�it the presenoe. use. disposal. starage. or release of any
<br /> Ha�rdous Subsmaces on or in the 1'coperty. Borrower shall rtot dv. nor allow anyone else to do. anything affecting the _
<br /> _---�-- ---- - P�+n►erty that is in violation of arry Envirottmenuil Law. The preceding two sentences���i�PDo be apgropnate w no� _
<br /> storage on the Propertyr of small quannttes of ii�uu�Substaaccs tk►t ace Sasec�!!Y
<br />- - residentia!uses and to mamtenance of the PrapertY. °.
<br /> . . vaye 3 or a iorm 3028 9190 r
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