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<br />- substm►tiutly equivAlcnt martgu�� in,uranrc covcragc i,nnt avuih�blc. Burrowcr shull pay tu Lendcr rach munth n,um cquul to
<br /> ut:atwclflh uP�hr ycarly nx�rtgugc in,un;ncc premium hcinE;p��id by tinrrc►wcr x�h�:n thc intiuranrc ruvcra�c lap+cd or cc���ccl!u
<br /> I�e fn etl'ect, l,enAier will i�cce�x.iu�r;md retuin�hctie payments u+ a lotis rrscrve in lieu uF mortgngc �ntiurancc. lA�>s rexrve
<br /> piiymcnts`m,�y'n�i lun�;cr bc rcqi�ircd, ,u�I�c uptlon��f l.cndcr, if mongugc in,ur.n►�:c ruvcragc!in►hc;�woum anJ fur tlir. �xri�xi �
<br /> thnt txndrr requirr�l providc�l Ny,m insurcr ;q�pr��red by l.�ndcr agr►in h�cumc� .��•aili�hlc ;md i�i,bt.�incd. Ilorr„wcr.hall P��Y V
<br /> thc prcmiums roquired to mnintain mur�gu�c in,urarnc in cft�:ct,��r w pnwiJc n lotis rescrvc. until th� rcquir�tnunl fnr mnrtgagc +
<br /> in�uruncc cnd,in urrorduncc with uny ���riucu:�grccmcm hctwccn B��rrowcr anil L4ndcr ur applicahlc law.
<br /> 9. Inti�xcNon. I.r�Wrr ur ith ,�grnt miiy makc rcu�unuhlc rntric� u{xm and i��spcctium of thc Pro�wrty. Lcnd�;r shall gfv�
<br /> H�►rruwcr nudcc at thc timc i�f�rr priur to an inti{x�ction>Excifyinti�ea,unuhlc cuu+c f�ir thc in��xctian.
<br /> l0. CondannuUon. 'Phc pr�xrcds uf uny awurJ ar claim li►r d�unu�tcr. diruct ur conkyuentiul. in connection witl� un
<br /> rundcmnutiun ur nthcr tukin� uf any p:irt uf the�'ru�xrtp. ��r fur cunvcyuncr in licu nf'cundcmn:Uinn. +irc hcrchy ussigncd�in
<br /> •hall hr��aid t�,I cndcr.
<br /> In thc rvent uf a t��l:d tnking ut'th�F'rotx:r�y, the pr��rrcdn�hull br upplir�iu[hc.ums,ecurcd hy thi, Securiry Instrumen
<br /> wlr.�hcr or not thcn Juc, wid►any rxrrss puid iu Bnrruwcr. In ihc e��cnt uf u pa�tial taking of thc Prup�;rty in which tNc fair
<br /> m•�rket viiluc uf th4 Pruperty immcdilurly befurc thc tuking iti cyunl tu or grcater than thc amuunt nF thc +umx sccurcd by this
<br /> Scrurity Instrume.nt imm�xiiutely betbre[he tuking, unles,Burruwer and l.cnder ntherwi,c ubrce in writing, thc:.ums scrurcJ by
<br /> thi� Serurity lnstrument shull bc rcduccd hy Ihe amaunt uF thc pr��rccds muhiplicd by the fuUnwin�; fractiun: (aU the totul
<br /> umount uf thc sums ucurcd immcdiauly tkti►rc thc takin�. Jividrd by �b) thc fuir niurkct vnlue ot thc Propcny immuiiutcly
<br /> hefi,re the r,�kinn. Any bxli►nce ,hi►II be paid to Burruwer. !n the event ol'a partial tuking of the Property in which ttie fuir
<br /> market value of the Propeny immediittcly hcti►rc thc tuking i�Ic.s than thc amawu uf the sums secured immediutely bcfurc thc
<br /> t�kitL►;, unless Borrowcr and l.rndcr othcrwis�a�rec in writing ur units,applicablu law othtrwise provideti, the pror��ds shull
<br /> he applicd w thc swns securcd hy this Security Instrumcnt whcthcr ur not th�sums ure Nien due.
<br /> If thc Propeny is ubundw�cd by Borrowcr,or if,ufter nutice hy L�:nder to&irrow�r tbut the condemnor offers to makc un
<br /> award or settle a cluim for dtunages, &�rrowcr iails to respiind to Lender within 30 days after the dute the notice is given,
<br /> LenJer is uuthuri•r.ec3 tu collect and apply the prexc.�eds,at its option,either to rest�rntion or repair of the Property or ro the sums
<br /> serured by this Security Instrument,whether or not then due.
<br /> Unlrss I.ender and Borrower othetwise agree in writing, any npplication of pcuceeds to principul sl►ull uut extend ur
<br /> postpone the duc date of the monthly payments referred to in par:+gr.�phs I und 2 or chang�the amount of such payments.
<br /> I1.Borrower Not Iteleysed:Forbes�rance By I.ender Not u Wpiver.Extension of thc time for payment or modification
<br /> of umartizution of the sums xecured by this Security Instnimcnt granted by Lender to;tny successur in intere�t of Borrower shall
<br /> not operate to release the liability of thc originul Barrower or Borrower's succesuin in interest. I..eixter shall not be required to
<br /> cummencc prc�ceedings against any successor in interest ur refusc to extend time for paymcnt or otherwi�e maiify amartization
<br /> of the sums securcd by this Sccurity lnstrument by rcaxm of any �cmand madc by the origi�al BonoWer or Borrower's
<br /> succ�essors in interest. Any forbear,uice by C.endcr in exercising any right or remedy shall not be a waiver of or preclude the
<br /> exenise of any right or remedy.
<br /> 12. Successors and Assigns Bound; Joint and Several Liabiltt,y; Co-sfgners. The cuvenants and agrcernents c►f this
<br /> Security Instrument shull binJ and benefit the successors and :usigns of Lender and F3orrower, subject to the provisions of
<br /> par.+graph 17. Borrowei s eovenants and agreements shall bc joint and several. Any Borrower who co-signs thls Securiry
<br /> Insirument but dces not execate the Nota: (a) is casigning this Sezurity Instrument<�nly to mortgage, grant and canvey ti�at
<br /> °.."��vti':.0;tiii'7CSY lii 2ita'.i ljreiir ill"i�ci tiie ieiii5 uf i�ii�.iccu�ity Iu�trwueui:l�j ia uui per�n:iiiy ouiiga�exi co pay the sums
<br /> securcd by tl�is Security Instrument;and(c)agrces thnt Lender 1nd any other Borrawer may ngree to extend,modify.for6ear or
<br /> n�ake any accommadutions with rcgard to tha terms of this Security Instrument or thc Note without that 8orrower's consent.
<br /> 13.I.oan GAarges. !f the loun secured by this Security Instrument is subject to u law which�ets maximum loan charges.
<br /> and diat law is fintilly interpreted sa thut the interest or ather loun charges collected or to be collected in cwu�ection with the
<br /> loan exccad the permitteci limits, then: (a)any such loan churge shall bc reduced by thc amount uecessary to trduce the charge
<br /> . to the permittal limit;and(b)any sums already collected from Borrower which excaded permitted limits will be refundal to
<br /> , Bunower. Lrnder may chcx�se to make this refund by reducing ths principal owed under the Nott or by making n direct
<br /> � payment to Harcower. If a refund reduces principal, the rcduction will be treated as a partial prepuyment without any
<br /> � prepayment charge under the Note.
<br /> ' 14.Notices.Any notice to Borrower provided for in this Security Instrument �hall be given by deliverin�it nr by mailing
<br /> it by first class mui!unless applicable law rcquires use of another mcthod. The notice slyall be directed to the Property Address
<br />°= or any other address Borrower designates by notice to Lender. Any notice to La;►xier shall be given by first class mail to
<br /> ' Lendcr's address stAted hercin or any other address Lender designates by notice ta Borrower. Any notice provided for in this
<br />�i Security Instrument shnll bc dcemai to havc becn given to Horrower or i.ender when given ns provided in this parugruph.
<br /> ,'.�; 15.Governing Law; Severabtl(ty. This Security Instrument shall be govemed by federal law and the law of the
<br /> jurisdiction in which the Property is located. In the event thut any provision or clause of this Securlty Instrument or tho Note
<br /> eanflicts witf��pplicable law, such conflict shall noi affect other provisions of this Security Instrument or the Note whlch can be
<br />' given effect without the cont7icting provision. To this end the provisions of this Security Instrument and the Note ure dcxlnred
<br /> to be severable.
<br /> 119.Borrower's Copy.Hurrower sliall be given one cunformed capy of the Note and of this Security Instrutnent.
<br /> 17.'Cransfer oi the Property or a Sene�ctal Interest in Borrower.if all or any part of the Property or any interest in it
<br /> • is sold or transferred(or if a bencflcial interest in Borrower is sold or trnnsferrcd and Bonower is not a nntural person)without
<br />- , Lc:nder's prior written consent, I,ender may, at its option, require imnx�liate payment in full of aU sums securod by thls
<br /> , Sezurity lnstniment. Howeve�,this option shall not be exercised by L.cnder if exercisc is prohibited by federul law as of the date
<br /> of this Security Instrument.
<br /> �.S [f Ixnder exercises this optiun, L.ender shall give Borrower notice of accelemtion The notice shall provide a period of not
<br /> Icss than 30 days from the dutc the notice is dclivercd or mailed within which Borrowcr must pay all sums secured by this
<br /> . Security Instrument. If Borrower fails to pay the�e sums pric�r to the expiration of thts period. I.ender may invoke uny remedies
<br /> permittod by tl�is Security Instrument without funher notice or demand an Borcower.
<br /> � I8. Borrower's Ki$ht to Relnstate. [f &�rrower meets certain conditions. Bonower shall have thc right to have
<br /> enfurcement of this Secunty instrument discontinued at any time prior ta the earl ier of: (a) 5 days (or such other period as
<br /> ' a�pplicable luw may specify for reinstatement) before sale of the ProF►erty pursuun� to uny power of sala contcunod in this
<br /> " Sceurity Instrument:or(b)entry of a judgmcnt enforcin�this Security Instrument.Thasc ronditions are that Aorrower: (a)pays
<br /> � [.vnder all sums which then would be due undcr this Security Instrument and the Note as if no accelcration had occuned; (b)
<br /> , cureE any default of any other covenants or ugreements; (c1 pays ull ezpenses incurred in enfnrcing this Security Instrument,
<br /> including, but not limited to, reasonable attorneys' fces; and (d) tukes such actian us Lender may reasonably rcc�ui:e to assurc
<br /> that the lien of this Sccurity Instrumer►t, Lender's rights in thc Property and Borrowcr's obligation to pay the sums sccurai by
<br /> this Security Instrument shall continue unchanged. Upon reinstatement by 8orrower, this Sceurity Instrument and the
<br /> obligutions secured hereby sliall remuin fully effative us if no aceeler.►tion had occurrc�. However,this riRht to reinstute shall
<br /> noc appiy in tne case oi acceter.►tion under parnbruph 17. �
<br /> 19. Sale of Note; C1u�nge of Los�n Servlcer. The Note or a partial intcrest in the Note (together with this Socurity •.
<br /> Instrument}m;►y be sold one or more times without prior notice to Bormwer. A sale rn�y result in a change in the entity(known •
<br /> a�the "I.oan Servirer")that cvllects munthly payments due under the Note ttnd this Securiry Instrument.Thero also may be o� �•
<br /> or more changes of the I.oan 5ervicer unrclated to a sale of the IVote. If therc is a ch:mge of the Lc�an 5ervi�er,Bormwer will be
<br /> given written nutice of the change in arcordance with paragraph l4 above and upplicable la�v. The noticc will state the nume and ,...
<br /> address of tl�e new Loan Servicer and the uddress to which paymtntti should be m:ide. The notire will ulso contain any other
<br /> infomwtiun rcquirctii by applicablc law.
<br /> 2U. H�rduus tiubstwnces. Borroa�cr shall not causc or ptrmit thc pres�ncc,usc, disposal, storage, or rclease oF nny —
<br /> }{��ous Substanres ai ur in the Property. Borrowcr shall not do, nor nllow anyonc clse to do, anything affccting the _
<br /> Property that is in violation of any Environmental Luw. The preceding two sentences shall not upply to thc presence, use, ur
<br /> storage on the Property of smull qunntities of H;¢:xrdous Substances that uro generally recognircxi tu be appropriate to norm�l
<br /> residcntiul uus utxi to n�intcn:uuc ut thc Property.
<br /> ae9e a o�a Fofm 3028 9/90
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