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<br /> '�wN1yv41�rM •�1W�Y.{�NMw
<br /> • tiui;wtunii�illy cquivulc gii}c iU�uruncc raver+i ��iM i t nvuilublc. l3urn�w��r�huU puy to [_cndcr c+ich munth a,um rqwd tu
<br /> une-taclfth'��f'thc yc I rt�;p�{u Il�hupunc prci�����n., ng�ald by Burru�ccr whrn thc in,urun��c cn��cragc lupsed ��r crux�l In
<br /> . bc ip cffect. l,cndcr �w:�r}x..ucaiuulrctuin�tl u.s`1:.�1 Xi�nts u� u Im, rc�crv�:in N��u al mu��µii��c in�ur,mr�. Lo,ti r�+rrv� ((�
<br /> . .p:�ym.�iu�may nu lungcr ha rrqui�ed. att Uic optinu ol'I.cndcr, il mongr�gc in�uriinrc ruvc►a�!�� (in thr nnwunt and litir thr p�ri�xl Q(f
<br /> ll�ut L.�:ndc� �cywiic.��.�.;��u�::Na�a: :r'.::�:»Y�•:trt'c^t!h;1�.�I�,.- m�ui��hr.rrnnes at�ttilnhlc an�l is uhtuined. llnrrawcr�liull nay �
<br /> thc prcmium�rcyufr��l tu nuiintuin murigagc insuruiccc in effcrt,or t��providc u lu�+rc,rrvc.unlil thc rryuirrm�rnt 1'ur mari�:aigq�y
<br /> . inwrun�:c cncls in uca�rduncr with uny writt�o��grrcmcnt bciw4en liorru���cr and lAndrr or�ipplicahlr la�v, r
<br /> 4. [mptr:Non. l.cndar or its ogcnt iiiuY m�kc re�isonuhl�cntrhti u�xm nnd iuy{xcti�,n+af'th� Nru�xiry. Lcndcr tihullµivc
<br /> &muwcr noticc nt d�u timc ot'ur �rii►r tu un im{+cctian n{x:clfyii�: �ru�unuhlc cuu�c ti�r th�in,{xcti�m.
<br /> l0. Candemnutlon. The pr�xeeQs of uny :nvurd or du�ni ti►r dumages, dirrct nr con.rqu�niial, in c��nnccuun with uuy
<br /> rondemn�tian nr«ther tukin�uf any part af thc Pmp4rty.nr fnr runvcyun.e in licu ��f cundcmna�iun, are hcrchy� iutii}:ncd uixl �
<br /> ,hull bc paid tu l.cndcr.
<br /> In the event uf u totnl tnkin�of tbc Pri�p�ny,the pro�reds shull lx:uppliccl tu the swns xccurcd hy thi�Security Ir�ztrumcnt,
<br /> whether or nct tht:r�due. aith any exceti� pa�d to Borro���cr. In the event uf ti partinl taking af thc Pmperty in which the fair
<br /> murket vuluc uf th�c Properiy imnie�i�uly bcf�re thc tnking iti cquul tu or grc:ncr th�m�hc umuunt of thc�ums.ecured hy thir;
<br /> Security Instn►ment immeJlutely Nefure tlie tuking,unlwss Borrower nnd l.ender othenvisr agree in writinn.the sumti+ecureci by
<br /> thih Securiry Instrument �hull hc:nxiuced by thc am��unt ol' thc prcxec�is multiplied by th� foUuwirr�z Er.�.etiun: (u) thc totul
<br /> umnunt of tl�e tiums sccured immcdiutcly befom the taking, divided by(b) the ti�ir masket vulue uf r.f.TC Fr.,��erty immedlutely
<br /> beforo che takins. Any bulance shall b¢ puid tu BvLV•ower. dr.i Eh.e cvent of a paa'r;zt ta[cing vf�hc:Feu�xi�y in which the fair.
<br /> rtturket v;1,Lue��f the Aroperty imrnediutely btforr the�afcer�g dy Ies�tban ttte:.ut�cruut Uf tt�e s�.ms securcxi►mat�ocliateiy befon:ahe
<br /> taking. un.less&►rcnwer und Lender othenvi+c�Fgcae it�wricer.rg crr, ¢it[ess appPic�bte!rK cxl2etwrisc�nT.vides. tfte pnx�eeds shr�C
<br /> bc appli�tii tu thc svi.m sccured hy thiti Scrurity in�u�ment whcther or rn�c e[7e�ums are then duc.
<br /> If tlic Ytt►�:rty i�abandou�d Ny Bnrrowcr.ue if,uftcr noticc by Len�i:P a�R3orruwer thxt the cotxtemttc�r��ffers to makc an
<br /> awa�wt� ur 5ettle a claim ti�r daa�:���. ��ttower fails ta resp�md to Lendcr�+iehin :;0 days ufter thc daae the notice is given.
<br /> Ln;ncler es authunzed to callect:a�ncl a��ly the proceeds,at its option,eithcr ta rwstarat[on or repair of thc Property or to thc sums
<br /> secu��s!hy this Securlty lnuruin�:nt,onrhether ur nat then due.
<br /> Unicss Lender:uid Burrawer cr�I�ti�xrese aL,�rce in writing, Any upplicution af prcn�cr�ls tn principal shall not extcixl or
<br /> pnstpone the due date of the munthly paym�znas meY.erred to in paragraphs 1 and 2 or change the umoum of such payments.
<br /> 11.&►rrower Not Releused;horbeA�na.��19� l.ender Nut a Walver.Extension of the time for Ray�ment ar modifcatian
<br /> af anx�rti7•rtion of die sums sccured by this Stxana�ne,r Instrument granted by l.en�ler to any successor in inaerest of Borrawer shnll
<br /> ncx o7x.�atc tc�rcicuse thc liabillty of!he original Rorrower or&�arc�wer's successon in interest.C.ender ahall not be required ta
<br /> cumer��ec:e prc�cecdings aguinst any sw�ressar m interest or rf��ka:f.a�extend timc for payenenr.or otherwisc malifp arramzation
<br /> of t9t� x:��u secured by this Secu�ity Instrument by reasnn at' .�ny dert►and made by tiu, ariginal Borrower a�r l�uv�wer's
<br /> succ�sor� in interest. Any fnrbcarance by L.eiwlcr in cxerc[sing any right ur remedy shall not bc a wuiti'er of�r pr;:�Rade the
<br /> exercise of any right or remedy.
<br /> 1Z, Succ�ors and Asslgn9 Hmmd; Ja3�+c and SeverAl I.I�billty; Cau-,igners. The covenants am9 ugreemenw of this
<br /> Security instrument shall bi�id and lxnefit ths successors and assigns of Lc»dler and Horrower. subject to the pnivisians of
<br /> paragraph 17. Borrower's cavena��r,�: �nd agrecmerus shall be joint and several. Any Bc��rower who co-signs thia Secudty
<br /> �����h����1�ec�ot ezecute tht �e�te: ia) is cu-signing this Securiry Instrument only ��martgage,gtant su►d convey that
<br /> Barrower's interest in the Propeny under the terms of this Security Instrumear.�;tp� is noc personaUy a��ia�;�ted to pay che�um�
<br /> secured by this Security instniment; and(c)c�rcw that Lender nnd any othee���rrower rnay agree ta ea8�c�:�'.. i�wdify.forbea�or
<br /> make any uccommodations with regard to the tern�is of this Security Instrumeat or the Note wuhout that��rmwer's rnnsent.
<br /> 1�,Loan Ctwrges. If the loan secured by this Security InstNment is siit+ject ta a law which sets maximum loa�charges.
<br /> and,�at7a� ?aw is frnally interpretc:,l�c� th�t the interest or other loan chargcs enflected or to be cullected in connerrine�vrith thc
<br /> loan e,�eceL'�1 the perntittod limits.9�Ln:1u1 any such loan cbarge shall be nedsiEed by the amount necessary to reducr a;��•�harge
<br /> to the permitted li►va'.c;a��ud(b)any �ums�l�eady mllocted from Bomower u�hai��h exceeded permincd limits will be•aie�i,:�ite�to
<br /> ' Borrower. I.ender eva;;. chao;�e�,lo xnafcc this refund by roducing thc pri�etx4e:�{ owed undcr the Note or by making-w{11��
<br /> pnyment to Borrower. It' a refuncl teduces principal. the rcductiun w3U •�e t�eated as a partial prepayment without't�tb,�,,;
<br /> prepayment charge under the lYufe.
<br /> 14.Notices.Any noticc ta R�'r.cower provided for in this Securit3�Instrument shall be given by delivering it or b��rnziling `�
<br /> it by first ctass mail unless epplleab'k law requires use of nnaher methad.The notice shall be dicected to the Propem�r Address , ;
<br /> • • or any other address Borrower designates b�+ natice to Lender. An�� nottce to Lender shall be given by first class mail to �,
<br /> " Lender's addcwws stated her+ein �r any other address Le�der desiga�tes by notice to Bormwer.Any notice providai for in thts r,
<br /> Security Instri�iu:nt shall be dxmed to have b�n given to Borrower or Lender when given as providai in this paru$raph.
<br /> Il5,�Gpttrni� I.aw; Severabiltty. This Security Instniment shall be govemed by federst law and thc law of t4�e
<br /> juri�N@�tion in which the Property Is lorated. In the event thet any provision or clause af this Security 6►strumenf qr ahg Note
<br /> oonfti�ts,�ith applicuble law,suaP+�anttict shall not afEccc othat.provistons of this Security Instn�n�ent or the Note w'�a�y:h ean be
<br /> given effect withaut the conflictii�„a provision.To this end the provisions of this Security In�trument and the Note Yiie declared,,
<br /> to be severable. ' � � '
<br /> 16.Borrower's�:a�3:�'�vrovrer shall be bi�•en one mnfornxd c:opy uf e5s Note und of this Security Instrument.
<br /> lT.Transfer ot tho�'a�aps�.�aa;�or A Benellclal interest ia Bon+ower.[i:�1 or any��rt of the Property or any interrst in it
<br /> is sold or transfemed(ur If a Ibe�nciacasil interest in Borrower is sold or transferred a►xl Brn�r�a��}er is not a natural person)without
<br /> Lender's prior writun cnn�eauc. �L,�nder may. at its option. require immediate paynbena ���n full of all sums securod by this
<br /> Socurity Instrument,����tivev�Q., n6is rptton shall not be exercisal by L.ender if exercise�s prst?�ibited by federel law as of the date
<br /> of this Security Ins�t!ry�,me�'t.�
<br /> If Lender eaerC'a.5es p7��s:a�paion.Lender shaU give Bomower notia of acreteration. The notice s�a�lC;n�c�vide a period ot'nat
<br /> less t�i+an 30 days from t�e¢�au�e v'hfi nottce is deltvercd or mailed within which Borrower must pay�an.'. svms secuc�ed by thes
<br />— Sewi�vi��•Instntment. If Bott�B��et ta�ils w pay these sums prior to the expiration of this period.Lender may invoke any.rcmodies
<br /> preinr�,i�;e�by this Secur�ty 6�s�sn�ment without further notice or demand on Borrower. �
<br /> . 318. Borruv�er's �ik3�e rtu Eteinstate. If Borrower meets certaim m�ditions. Borrower shatl have tlsK. qa�1r. ro have ,
<br /> �ett9oroement of tFre:� SecasR�izy IG�ehument discontinued at any tinx prior t�:u�t.�e e�lrlier of: (a)S days (��r �uch other period as
<br /> a��S�csblc la�v mae}� •s�crsdCg. G�re r�instatemcny bcfore sale of thc Froper�y�� ,pursuunt tu uny power nnL• :k�Uv contc�ned ln th�s
<br /> S�:aytr��;y Instrument:or(hp�a��;ciz;�:�a judgment cnforcing this Security Instrvnknt.Thnse conditions ar�W:at Borrower.(i)pays
<br /> I,.e����+-�►Il�ums which then w�er": be due under this Securiry Instrument and the Nac�as af no aca:te►a[ion had occurred:(b)
<br /> cures any default of any aher mvenants or agrcements;(c)p:►ys all expenses i�cuai,�f ira �c4orsin�thix Securiry Instrument.
<br /> including,but nut fimited tce. reasnnable attorneYs' fees:uml fd)takes s�cM action us Ga:.:l�;a�ssp c�.:�.s�nably require to assure
<br /> tf�t the lien oE vlr.is Seeuriey lastrument, Le��r s rights in the Hropeny arx�&�rrnwer's obligaiidR cm���s.y the sums secured by
<br /> tlu� Secuttity tn5tncme�►t sIn�LL• continuc unehanged. Upon reinstate�rent by Borrower, this Se:.r�:,.i,:� I�strument and the
<br /> ..i.c:.....�:.,...a.e......+.�h.rah� �4D n•rnain fuLfv�ft'octive as if no uccele[�iot�had or.curced. How�ev�r, aI:�s right to reinstute shall
<br /> - ....�.�,........_..__�.��, _._.--
<br /> �we apply in the c:ise of acceleK:uion onder par�egl'apl'� F7.
<br /> 19. Sale of Nnte; Cllo�n�ge af Loxn 5eryk�r. 'Lh� lvoce or a partia[ intere�,e in�I�e Note(togethcr witTr diis Security
<br /> Instrument)nwy bc sold cme o�r morc timcs wittwut priur notice to S��rc��ti er. A sale n�ay eG;ult in a change in the entity(known
<br /> as thc"Loan Servicer")tAut a�tlats monthly payments doe mxler the N<�tt and tltis Se+curity Instncrrrc��c.There ulso may be one
<br /> or muce changes of thc C.omi S�rvicer unrel�ted ta a sal�of thc Note.lf tliere is a�:l�au�yr oC die t.�.i;u�5croiccr,&xrowcr will bc
<br /> given written notice uf the i:l�au�e in;�rdunce�xith paragraph 14 nbove and�pp(icab�e I.t�+�.Tlte notic�wttl state tlte nan'►e urd
<br /> wddress of the new Loan Se��<icer :md the address to which payments st�ould be titsui�.'C1��n�ti�;e �vill�Is�a u�nt�in any�xher
<br /> infomiation requircd by applic�ble I:�w.
<br /> 20. 11u�rdoat 5ubstat�ces. Horrower shall nnt cause or permit the presencc. use. dispo,nl, stowsgc,or itlease of any
<br /> HaLUrdnus Substanrrs nn or in the Property. Borrower �hall iwt do, nor ullow anyone else n► d�, anything affecting the
<br /> Propetty that is in violation of any EnvironmentYl Law."i�'he preceding twu sentence�shall not appfy to the presence,use. �r
<br /> ston+ge un the Property of small quantities of Hatatdous SubstacKC�that ure gcnerully recognized to bc appropriate to twm�•rl
<br /> rcsidential u.cs and to maintc►�nce of thc Property.
<br /> v,fle 3��a Fam 3028 9/90
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