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<br /> ,ubst:intiul ly cyuivulent moitga�c insurancc covcrngc iti not uvuilublc. Borrowcr sh;dl pay to Lcndcr cach mnnth a �uni cyual m
<br /> a�:-twclfU�of thc ycarly nwrtgagc insuruncc prcmium bcing'paid Gy'Horruwcr�ahcn thc mtiur�uuc ruvcri�gc lap,cd or ceuscd tu
<br /> tx in ctfcrt.I.cudcr will uccc{�t, usc und retain thetir.payments ns ii lotis rc+erve in lieu ot' niurtga�c insurancc. l.oss reserve
<br /> payn�cm, maq :in lun�cr bc rci�uirc�l, ut Ihc uptiun uf Lendcr,if nwrtgagc insurc�acc cuvcragc(in thc umuunt unJ i'ur thc�xricxl
<br /> Umt I.cndcr re��uirc:rl providc� hy an inyurcr appravcd by I.cndcr ag�►in Ixcankti availalil� an�l is uhtuinrJ. 13��rruwcr �h;ill�ay � —
<br /> �lic prcmiwos rcq�nrcd t��nmintuiu murtgabc intiurancc in�flcct,or tu pro��idc u iuss rescrve,until thr rcquir�mcnt li�r nw�YE�YC y
<br /> inair�iuc�i�l� in,�rrnr�l�incc with nny wriucn ugrccnxcnt lxtwccn k�urrowcr aixl L.cndc�nr applir�ihl�law.
<br /> 9. ynsWrcllou. I.cndcr ur itti iigent i»uy makc rcasonablc cntrir+uExm and in5periion+ut'�hc Prupctty. Li:ndcr �hall givc �
<br /> Hnrruw•cr noli�c ut thc tiux+,1'ur priur ta un in,{xctiui� sperilying rca,onahlc cau�c for ihc im�x:c�io�i.
<br /> 10. f.m�deme��tlo�r. The �llY1Cl'ClIS Of uny awurd or rlaim Fur d.nnages.direct nr r��me��uentiul. in cnnnection with naiy
<br /> can�lcmnation or utl�rr tuliu�: �d�any� F�art u1'thc Propert}'. ��r fnr riinveyanre in licu u(roudemnation. urc hereby .istiiEued u►vJ .`
<br /> slial l bc paiJ t��IAndcr.
<br /> In Uu cvcnt�d'�i tuud takin�uf thc I'ru�x�1y, thc prurccds shull lsc upplicd tu thc yumti+ccured I�y thi+Sccurity Intitrumcnt,
<br /> w•hi�tNer��r nut Ihcn du�:, with any cxccs. paid tu Aorrower. In the evcnt oF a paniul iaking of the F�raperty in which the fair
<br /> markcl vulue.�f thc Praperty immediidcly betiur� �he takinb is cyual w or�;rcater thun th4;unaunt of thc sums sccurcd by this
<br /> Sccurity leisirumcnt immuliately before thc taking, unlcys Borruwcr and Lcndcr uthcrwi�e agrec in writing,ihc+ums secu�ed by
<br /> this Security instrument slr,dl be reduced by the amount uf the prcxeeds nwltiplied by the foUawing f'rartiun: la) the total
<br /> amount of the sums,ccured immc:iiatcly beforc the taking, dividcd by lU! thc fair markct value uf the Prupeny inmxcliutcly
<br /> befc�rc the ia�ing. Any balanoc sha�� bc Paid co B�rrowcr. In thc cvent of u partial taking of the Property in wliich the fair
<br /> marL:ct value of the Prupetty imtnaiiately t►efore the taking is Ictis than the amaunt of the sums securcd immecliutely before th,
<br /> taking,unlcsy Borrower and l.e�xlcr otl�erwise agrcc in writing or unlcss u�pplicable law otherwist providr.s, the procceds sttall
<br /> be applled io ttx sums sccurcd by this Security Instrumcnt whethcr or not thr.sums are then duc.
<br /> If the Property is abandoned by Borro��•cr,or if, after noticc by Lender�o Bunou•er that lhe cundemnur uff�r, tu make an
<br /> awurJ or setttc a daim for damages. Borrmr�cr fails to respond to l..�:ndcr within 3Q dayti altet lh� Jutc lhc nolicc iti gi�'en,
<br /> Lender is autharized to collect and apply the pmceeds, ut its option,either to restor,►tian or repair of tho Propeny or to the sums
<br /> secur�by Ihis SeCUrity Instrumcnt, wliether or not thcn duc.
<br /> Uniess I.encler und Bonower othcrwisc agrcc in �vriting. any application of proceeds to principul tihu�llynot cxtend or
<br /> postpone the due aate of the mondily payments referred to in paragraphs 1 and 2 or change the amount of such ► ments.
<br /> 11. Bor�ox�er Not Released; Corl►earanee By Lender Not a 1ti'aicer.�xtension of the time for payment or modificatiorn
<br /> of amorti�ation of the sums secured by this Security Instrument g��anted by Lcnder to any successor in int�rest of Borro�ti�er sha.l!
<br /> not opci•ate tc�release the liability of the original Borrowcr ur Barrower's succcsso� in interest.I.�:nder shaU not bc requi�ed ta
<br /> mrnnxnce procec^dings ugainst any successor m interest or refuse ro extend time for payment or otherwise modify anwrtizatim�
<br /> of the sunu �xuned by this Secunty Instrument by reason of any demand made by the original Borrowcr or Barrowcr's
<br /> succeswrs in interest. Any forbearance by Lender in exercising any right or remedy shall not be u waiver of or preclude th�a
<br /> execcise of any right or rcmedy.
<br /> 12. SuccGSS�urs and Assigas &►und; Jolnt And Several Liabillty; Co-signere. The covenlnts and a�reements of this
<br /> Sccurity Instrument shall bi�d and benefit the successors and assigns of Lendcr and I3orrower, subject to the provisions of
<br /> parag►uph 17. fiorrower's covenunts and Agreements shall be j Cint�and se feral.�Any Borrower who casigns this Securin�
<br /> Instniment but does not execute che riuiC: iui ����-�ib:•:r"s s��='°-��s°.+ I""^!m_^t nnly t� moriLTUeC. �rant and conve thax
<br /> Bor[ower's interest in the Propercy uncfer the terms of this Security Insttument;(b) is not pc�:sonally oblig�ted to pay the sams
<br /> secured by this Sc:curity lnstcument; and(c)agrees that Lender and uny other Borrower muy agree to eatend, modify,farbear or
<br /> make any eccommodations with regard to the ternis of this Security Instrument or the Note without that Borrower's conse�l.
<br /> 13. Losn Cl�arges. If the luan secural by this Security instrument is subject to n law whlch sets msiximum loan charg�-�.
<br /> nn�3 that law is finally inte�preted so that the interest or other loan charges collected or to be collected in connection with the
<br /> loan ezceed elie permitted limits,chen: (a)any sueh loan cl�arge shall be reduedd by the amount nexessary to roduce the cha.rge
<br /> ro the permieted limir urd(b) any sums already collected from Borrower �vhich exceeded permitted IimiGs will i�e refunderl to
<br /> Borrower.L.ender may choose to make this refund by reducing the principal owed under the Note or by malcing a diaxt
<br /> puyn�iu to Bomo�ver. If a refund n:duce3 principal, the reduction will be tre:itecl as a purtictl pmpuyment withaut wny
<br /> prepaymcnt charge under the Note.
<br /> 14.Notices.Any notice to Borrower provided far in this Security Instrument stiall be given by dclivering it or by m3iling
<br /> it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address
<br /> or any uther addtess Borrower designntes by notice to Lender. Any notice to L.ender shall be given by first c1a�s mzil to
<br /> Lender's address stated herein or xny othcr address Lender designates by notice to Bonower.Any notice provided for 'sn ehis
<br /> 5ecurity Instnrment shall be dcemed to ha��e been given to Borrower o�l.ender when given as providod in this paragraph.
<br /> l�.C�►�erning I.Aw; S�eve�bility. This Security Instrument shafl be govemed by federal law and the law.of the
<br /> jucisdiction in w+hich the Property is located. In the evenE that any provlsion or clause of this Sexurity Instrument ot th:Note
<br /> given�effect wthoutathe confl t ng provisiona'Tothisfend the pPoviSions of this�c�urity fnst ment andtthe•Not a o d�larod
<br /> to be severable.
<br /> 16.Borrowa''s CoPY•Bonowcr shull be givcn onc conformed copy of rhe Note and af this Sccurity instn►ment.
<br /> 17.Trsmsfer of the Property or a Beneficlal Intcrest in Borrower.If all or any part of the Property or any inte�.rest in it
<br /> is sold or trunsfcrrcd(or if a bencficia. interest in Bonower is sold or transfcrred and Botrower is not u natural person)without
<br /> L.ender's prior written consent, Lender may, at its option, require immadiate payment in full of ull sun�s secural by this
<br /> Security I�Ltrument. However,this option shall not be exercised by Lender if exercise is prohibtted by federal law as of the date
<br /> of this Socuriry Instcument.
<br /> If Lender exercises this option,Lender shall give Borrower notice of acceleration. The notice shaU provide a period of not
<br /> less ttwn 30 days from the date thc notice is delivcred ar mailed within which Borcower must pAy all sums securod by this
<br /> Security InstNment. IF Borrowcr fails to pay thesz sum!;prior to the expiration uf tliis period,Lendcr m�y invoke a��y rcmcdics
<br /> }x;rmittcd by this Sec�trity Instrument without further notice ur demand on Borrower.
<br /> 18. i3a�'uwer'9 itight to Reinsts�te. [f Bonower meets certain conditions, Borrou��r shull hnve the right to havc
<br /> enforcemerrt of this Security Instrument discontinued at any time prior to the carlicr of: (a) 5 dAys (or such otlier period as
<br /> applicable law m�►y spocify for reinstatement) before sale uf thc Property pursuant to a��,y power of s:ilo contained in this
<br /> Security Instn��ncnt;or(b)cntry of a judgment cnforcing this Security Instmment. Tho�e ro�xiitions ure that F3orrower: (a)pays
<br /> [.ender all sums which then �vould be due undr.r thi�Security Instrument and the Notc as if no acceleration h:id acurrcd; (b)
<br /> cures any detault of any other covenantti or agrcements; (c) pays all expenses incurced in �nforcing this Security instrument,
<br /> including, but not limited to, reasonablc attorneys' fee�s; and(d)takes such action ns Ixnder may rcasonubly reyu�rc to assurc
<br /> - that thc lien of this Sccurity Instrument. I..ender's ri�hts in the Property and Borcowcr's obli�ntiun to pay thc sums securcd by
<br /> ehis Security Instrument shall continue unchanged. Upon reinstatementLby Bo��u��'PVP�h����ohc���en��i dshall
<br /> obligatians sccurcd I�crcby shalt remain fuiiy ci?�nivc:��i�iti iawtc�aaivn..w.........«. .--.._._-• •---- ..
<br />— not upply i n the a15e of accelerntion under parugraph 17.
<br /> 19,Sale ot Note; Ctutnge of Loan Servicer. Thc Nntc or a panial intcrest in the Notc (tagcthcr with this Securiry
<br /> Instn��nent)may be suld one or morc timcs without prior notice to Borrowcr. A sale►n�y result in u changc in thc entity(known
<br /> a�the "Lo:�n Servicer")that cullects monthly paymcnts duc under thc Notc ared this Sccurity Instrument.There also►rwy bc one
<br />-- or nx�rc changcs of thc Loan Serviccr unrelatcd to:�s:►le uf the Note.lf thcrc is a change of the Loan Serviccr, Aorrower will bc
<br />= �iven written noticc uf the change in accordancc with para6raVh l4 above and applicable Isw.The notice will stat�the nanx and
<br /> address of thc ncw l.oan 5crviccr and the address to wl�ich payments sl�uuld bc macfe. Thc notice will also contain any other
<br /> - infom�aiion rcquircd by app��cablc law.
<br /> -- Z0. �iazardous 5ubstances. Bonuwer shall nut causc or permit the prcsence. use, dispo�i. storage, or relcase of uny
<br /> — Har•rrdous Substances on .�r in tlie Propeny. &�rrower ahaU not do, iwr alluw anyune else to do, anything offectin� tix
<br /> v property that i5 in violatian of sny Envirommntal Law. The prcceding two untenees shail not apply to the presence, use. or
<br /> stor,�bc on ihe F'ruperty of small yuantitics nf H;rr.urdous Substa►xcs that arc generrlly rcrugniuci w lx �ppropriatc to nom�l
<br /> residentiat uscs and ta maintenancc of thc Property.
<br /> - � .•`} �•: Fnrm 3021 9lSO
<br /> — Pnpa J ol 4 +
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