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<br />_ ` � ,, �. ... - �ubscantially eqnivnlent.morEBgSe inw''an°e�°Yerage is not avai1a61e.Barro�ver shal!pay co Lender e�ach manth a sum eRu31 w � K('-
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<br /> � ; ,..;� ane�t�relfih Qt tit�yearly mostguge insurunce premium being paid by Borrouer when the insurance coverage tapsed or ceased to •: „s..:[
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<br /> _ ,�:•..";. ' be in effect.i.eader wi11 aCCept.usc and r�tain tf�esc paYments ms a toss reserve in tieu of mortgage insurance. 1.oss resene a±s.
<br /> ; <,� •`�`r`�`: . ' payments m�y no tonger be iequ►nd.at Ehe optio ro f�I.ender.nder aga n bccom�a aitaisle snd s o8tained. Borsuwer shalpl pay � -
<br /> �,a : °� that t cndec requices)psovided by an insurer aPP Y ��---
<br />. fi. '� " the premiums requit�d to maiatain mortgage insuranoe in effect.or to provide a lass�eserie.until the requiremeat for muaga�e .�;;
<br /> . `�",: , .
<br /> ' ;nsuraAce eadc en�cardattce�vith anY wr�tten agn*ement bet�veen IIorrower and Lender or applica6te law. �n���g�YE ti�'f�l; ,_
<br />_ �c��� ` �.,:�a` �, 9.[aspedfon. Lender or its agent may m�ke ceasonabte ertuiea upon and inspectians of the Propert5r• '.s,^..,:, .
<br /> .°'' 4 ' . < . Borm�vcr aodee at ttie ti�e of or Prior to an inspection speciiying rea+onabte cause for the inspeccion. � �_�yu�=
<br /> � ��` ;` .� .��� 10.Condemtt�iion. T6e pmceeds of any award or daim for damages. direct or rnnsequential. in wnnection with any ;-C�'
<br /> ; :,, .,. , . '=�• ' -
<br /> � .. ' ' rnndemnation or other taking of any part of the Property,or for conveyance in lieu of mnd�cmiation.are heteby a�.signed and �. � �,
<br /> . . . � ::� '` �" shall be paid to Lender.
<br /> .. , `?,::,;x-.
<br /> ,�.�t,1;; In the e�ent uf a tota!taking of the Ptaperty.the proceeds shall be applied to the sums Secured by this Securiry Inswment.
<br /> �~"`-'� �vhether or not thea due. with anY excess P�id f°B"�°��r' 1°��'ent+�f�pa�+a1�a8 of the Property in which the� _�'
<br /> :�� cs ual to or greater than the amount of the sums sec�u�d bY �<<<
<br /> m a r ket v a ine o f t h e P r o p e r ty i m mediatel y befom the taking � ai � .
<br /> _ Socurity Uuwment immedi�t`�be ereduced btyth amount�of the pmceed maltiplied by th�e foflo�vin a g racxiu n�la e c v red tal ,r�_ ''
<br /> _ , :� tlus 5e�vrity Ir�tsumeat immed�atelY ��.�`
<br /> ,.�, amovnt of the sums se�wrd i�e1Y bEfare the talang.di�ided by(b1 tha fair market value af the Pivpesty �, �
<br /> �:_:
<br /> . , � ';: befare the taking. Any balance shali be paid cu Borrower.i less than the ama�of the sums secu�d�immadiute v�before the Y=-:�:-
<br /> �` market value of the[��rtY immediately before the caking'. ,
<br /> _.,.. �t�hle!aw othenvise pmuides,thct Fi'��shaii �5�:::
<br /> taking.nnle�s Bmc�uwer and Lendes othenvise agtee.in wntit►g or.unless aPP4� .. _-
<br /> `��, be applied to the sntns sec�[�ed by this 5ecurinr Instntment wbether ar nat tha sums aie tbe�due. _
<br /> " ' 's• If the Pmperty is a4�andor►ed by Borrow�r_or if,.{iRt3f ROIIC@ Dy I..Cild6f[[1�F3nrmwer that the wndamAUr•offers co make•su�., �� �:
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<br />...� �� award or settle a cisim:for.damagea. Boetow�s:faila to.r�pond to l.cndat.withht 30 days afier the�dAto.ttte notice is given,,. : -.
<br />-:�'„" ,`".': . :. I,ender is authoriied ta eatiect and apply the prac�eds.at ets apuon.either to cestoration or repair af the Fcc�perty os to the sums �e_�;_,
<br /> �:;:,r�<,-'.;. ti...• �.._---
<br /> . ... :::•.i,, secured by this Security instrument.whether or not then due. .�
<br /> U�� �.e�der and Borrower othcmise a�ree in wriung. any aAP�tation of prncood�ta principal shall not extend or � qy
<br /> 1'UGO
<br />.. �. `�. postpone the due date of the momh{y PaYmen�t�femed to in hs 1 and 2 or c6ange the amount of such paymenas. �,.� �„�
<br /> . ll.Somn�ver l�Iot Released:Fotifiearffm�.SY I•�� ot a Waiver.Extension of ehe tiaie for payment w a�dific�tion �3-� � -
<br /> fi �?`
<br /> , ti ::•< �r ,� of amarti7ation of tfte st�ms secured by this��r lnstrument granted by l.ender to any successor in interest of Sortower shal! -
<br /> . •. ., not aperate to release the liability of the origi�ra��rcawer or Bomawer s sucoessors in interess.Len�le€�ail not l�required to ��-�
<br /> ' r � ,� mmmence pmceedings against any successor in imerest o�r�£use to extend time for payment or otherv�se mudi-`}�Qrt�on �.;�.-_
<br /> of[he sums secured by th�s Secunty Instruman by rea��of anY demand made by tice originaf Borrower eM a�C�Wer s �, _
<br /> • , .'� �./'' ts in interesi.Any forbearance by Lec�er in exercisrog any right or remedy shall n�t be a waiver of arg�..�de the
<br /> . . . , successo �:=�
<br /> ;,�_� _ exercise of�ny rigTr�c�r t�eme�ly. enu of t�;s
<br /> • 12. Suace�icis�and Assf�s Bouud:doint and Several Lia6�ilit�+.Co-sfgne�s. The covenants and ag�em. �.:c.-�::
<br /> �s .
<br /> . . gecurity Ic�suumer.t shall bind and beneGt tAe successors and assigns of Le�er and Borrower. subject tu the provisians�'.;.. �s�
<br /> ���' P�S�Ph IT. Borrower's covenants and agreemenu shall be joint and several. My Borrower who co-si�d�nv��'
<br /> :�.�:..��:
<br /> , . �• �,,,.:��'. I�sprument bat does not eaecute the Note: ta)is ca-signing ilus Sec�'nty�nstw�ent uniy to mottgage.g�an �Y ��„s.=__
<br /> . Borrower s intenst in the Property under tl�e terms of thfs Security Inswment:(b)�s mot pe�sonal�y o�bl'i�m�i�forbear u�r: .. . —
<br /> - ����' secvred by this Security lnstrument;and(c)a�?es that 1-ander and any other Borsvwer may�gree
<br /> � muke atry accoc�dations with reP,ard to the n�s af this Security Instrument or the Note without tL��8orrower s conse�►t.
<br /> _ � 13.Loam Ct�ges.If the loan secured i:?,�s.ttis Security Inst�ument�s subject to a taw which•��mnm loan charges. 4,.,,:,....
<br /> �-�a,
<br /> . ae�#c�t law is finally interpreted so thai tbr izr�:cest or other e shall begreduced hy the amount�ntecessary to��t1►charge ��
<br /> .,. . v,.
<br /> ..
<br /> ,r , .�_` lm,.rn�sceed tke pemvtted{im�.shcn: (a)-f�*3�_��c�u - -
<br /> '. ':.� g�.,, _
<br /> : ... .. .....::� to the permitt�i li.�it;and(b);�r sums a.�Z�r3.7�.oa'.:��i�am Borrower which exceeded Permitted limits a+ili 6e r�fund to _
<br /> Borrower. Lec:ci,�may choose to make ti++.r.s..r,�-s.d by r�fucin� the principal owed under the N�e or by making a direci ___.__
<br /> . . ' . . �._�:�� payment to Bv�.�r. If a refund reduces.Er.rsciPal. tke reductcon w�ll be treated as a partial prepayment without arty �--_
<br /> - . _ prepatznent chas�under the Note. .,.�::,
<br /> ' [�:No3ic�.Any notiee ta$orrower provided far in ttns 5ecurity Instr�ment shall be given by delivering it or byAddr�e s -
<br /> � �l t��r.fi�,t�dass mail unless agF�_'��ble taw rec�uires use of another method.The�tice shall be directed to the Property �.�.
<br /> • ' or ar.,ct3:er �^�s Borrowef designates by notice to Lender. Any norice to L�der shall be given by first class taail tu
<br /> I.ender s av3r�S.�s''..ated herein or any other;���ress Lender designates by notice to Borrower. Any notice provided for in this
<br /> '':. .`.':.. Securirp Insc��s1►all be deemed to ha�'e b�n given to Borrower or Lender when given as provided in this paragraPh.
<br /> ::.�`�..:;. � =.`-: � Ily..Govem� �,aw; Severability. '�L:'s_Securiry Instrument shall be govemed by federal taw and the law of the
<br /> � • - �. �,��� . j�3�S-ation in which:the Pra�=is lacatec�. in the event�hat any provision or clause of this Securiry Instrument or the Note �_
<br /> c�;.fticts wiM applicabte la�v.snras confllct s'.�all not affert��h�p ov�sions of this Scxu�c}�i�nttand�the�.'nir��s+e d��lared
<br /> - -. • - given effect without the contlicting pravisicz:To this end the rovisions af this Security mm`
<br />- � � � ta be severable. ' --
<br /> :. , .,,.,.:... .,
<br /> •. . :. .:• ..
<br /> . . :' •� •• _
<br /> ::. • � . 16.Borro�tcQ'�CapY•Borrawer shall{:x:given one confarmed copY of the Note and of this�y lnstrumert. rest' c�: ------ -
<br /> or an mte m
<br /> .. •, • • 17.Transfcr ot the Praperty os a B�Icla1 tnterest in Botrower.If all or any part of�he Frdperty Y
<br /> -. �'•:;.,.�t. �.....' .° is sold or transfernd(or if a beneficial interest in Borrower is sold or trensferred and�none�l of ali sums s�ecured bY this --
<br /> ,`}��•�...'�. ., •. Lender's prior written vonsent. Lender may. zt it,s opsnn, require immediate pay _ °--
<br /> . 't(:.�.:� . — _
<br /> ?�'''' '.. Security Instru�ent.However.this option sh�;i�aat�ex=rc�sed by Lender if exercise is protubited by federal la.���s of the date --
<br />_ . . . ' . �:: �;r,, of this Securitg Tr.�trumen� �`_:�-�--
<br /> = . - �1•.s,'. �f Len����rcises this option.Lendec�I'..,:.�i give Borrower notice of acceleration.The notice�al�'um���by his , :;
<br /> � .�;,:.;;. �. � 1�'s than 30 di_JS from the date the notice is delivered or mailed within which Bonower must�ray �"_�= _•:•
<br /> �`��- S�rity Insttu�teat.If$orrower fails to pay these sum9_�Sa'ior to the explration of this period.l.ender may involte any remedies „-.,_-_
<br /> � p�mitted by tgis Seeurity U�t�rnent without further nau�or demand on Borrower. � �,et_�
<br /> ' � ��� 18. S�ar,rac�''s E11g4tZ to Reiast�u-'If Borrower meets cettain wndittons. Horrower shall have the rigfit to have t,
<br /> � .;;.
<br /> , . �. � 'r;,t�� enforcement of�i:"s's Security instrument diLcxsntinued at any time priar to th u�ie`I f.�lal5a�ar of sale oontainepd inahj5 . �='�
<br /> '�;: applicable law r,�y specify for reinstatetr.�rtn) befoTe sale of the Praperty p Y P
<br /> . .. . Security Instrurnent:or(b)entry of a jud�nent enforcing this Securiry Instrument.-Th�se canditIaaa are that Bortower:(a)pa9`� �._.__
<br /> ' Leader a11 sutns which then would be due undcr this Security Instrument and the Notc as if no acceleration had occurred:lbi
<br /> cares any default of any other covenants or agreemenGc: Icl pays all expenses incur�d in enforcing this Security Instrument,
<br /> � � including,but not IimiteA to.reasonable attomcys•' fces: :snd(d►takes such action as txnder may reasnnablY re9u�re ta assure
<br /> ' that the lien of this Security lt�trument, Lender s nQhu in ihe Property and Borrower's obligution to pay�he sums secured by
<br /> • � . • this Saurity insm�ment, shall continue unchanged. Upon reinstatement by Borrowcr, this Seeurity Instrument and thr.
<br /> ' ... `:r,•.,, obtigations secured hereby shall remain fupy effective as if no acoetemtion had acumed•However.this right to reinstate sha11
<br /> � • ' • not app�y�n the case of aoceleration under paragaph 17. �_
<br /> • � ' ,. ��� 19. Sa2e of Note:C6ange of l.onn Servicer. The Note or a partia! interest in the Note(tagether with this Security
<br /> " • . [oswment)m ay b e s o l d o n e o r more times without prior notire to Borrowet.A sale may resuit in a ct�ange in tlse entiry tknawn
<br />- � . ay the°Loan Servicer")thaz rn1lc�ts monthty payments due under the Note and this Se�uriry Inswment.TAere aiso may b e o n a
<br /> ��� � ' ' � .+�� or more changes of the Loan Servuer unrelated to a sale of the Note.lf there is a change of the Loan Serv►cer.Borrowe�'wi8 be .
<br /> : .� � givea written notice of the change in aocordance�vith paraBraPh 14 above and applicable taw.The notice will stnte the tmme and
<br /> � address of thc new Loan Servlcer and the address to which paytnents shoutd be made. The notice�vill also mntain any other
<br /> �� • infom�ation requircd by applicabte law. ,
<br /> :s. �, . � Zp, }iaynrdotis Substaaces. Borrower shall rtot cause or pemut thc pre�ence. use.disposat. stomge.or release of any
<br /> ' Haiardous Substances on or in the 1'roperty. Bonawer shall nut �to, nor altuw anynne else to da. anything affecting the
<br /> - - Rvp�rty t�ai;s in t}t�lstina�sf ar►y [?nvironmentai Law. The preceding two senrences shall not ply to�e om atc o suusaa! -
<br /> � storage on the Prop_rty oF smaU quantities of Harardous Substances that are Seneratt reco tv bc u�,ps iK+
<br /> ,'• residential uses and to mvnte�nce of the Propeny. ,
<br /> . � . . , v„oo 3 0+e . � �, Farm 8028 9190 :
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