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<br /> : �itbstantid{y eyuivalent ntnrtga�;c la�urance covcra�c Is nat uvailublc. BorcoWCr shall p;►y t�� L.c�xicr cuch munth u sum cquul lo
<br /> �nnc-�welRh of the yearly mnneage insurarsce pn:mium beinF pafd by �rrnwer when the in+uruncr cuverngu lupu.�1 ur ceused to �Q
<br /> be in effect.�l.ender wiil sccept.us�and retuin ther,�paynxnt.us u loss rcrcrvc In licu of mart�uge imuruncc. Gn�s ras�.rvc �
<br /> paymcnts may na langer lw myuircd, ut thc uption oP l.ender. If nxirtgugc insurancc coverugc lin d�c:miount mid li�r thc�x;rial �
<br /> ' that�l.encicr requlres)pn�vided by un insuver approved hy l.ende��agaiu Ua:cuntes�wnllnhle i�nd Is nhtuined. 9urrower shull pay, _
<br /> the premfums requirat to mn�ntnin mi�rtgage insumnce in eifect,��r t�� pro�:ide u I�ss reserve, undl thr��cyui��n�c�►i ii„ �i�c��.�,��;��
<br /> insuniexe ends ln uccordumr with uny writtcn ugreemcnt tu:twcen Rarrowcr and L,ender��r upplicable lu�e. �
<br /> � 9. InspecUon. Lcndcr or its ugcnt mAy�mkc rcusonabic cutrics u�xm cnKl inspcctianti of thc Pru�xrty. l.cixlcr shall giv�;
<br /> Borrawer natice at the lime of or prior tn un inspectinn sExcff'ying rea�onat�le cuuxe fur the Inspcctiun.
<br /> 10. CundemnAtian. Tfie pmceeds of uny uwatrf or rlaim f��r dumuges, direct�u ronseyucndul, in connecti�m with uny
<br /> c�mdemnation ar�ther taking of any part c�Pthe Property,or for mnveyunce in Ilcu of c�+ndemnution, ure hereby u�si��ned and�
<br /> tihall bc{x�id tu L�:+ulcr.
<br /> In the event oF a mtul taking of the Pmpe�ty,the pr�xeeds shull beapplieci to the sums s��cured hy this Security Instnrment.
<br /> whether ar nat then due, with any excesspuid to Burmwer. in the event of u partial tuking of the Propeny in which the fuir
<br /> market vnlue of tho Property imnxdiately t►eforo tho tnkinb is equal ta or greater thun the amnunt c�f the st�ms secured by this
<br /> Security Instrument immediutely befare the taking.wtletis Bcu�ower und Lender otherwise ugree in writing. the sums secured by
<br /> this Security Instrumcnt shall bc rcducod by thc amount�f'N� proccccis multiplied hy the fallawing frnctian: (u) tho total
<br /> umaunt af the sum.r•securod immcdiatcly before tha taking, divi,.ted by(6)the fair market vulue af the Property ubnxxliately
<br /> before the taking. Any balance shull be puid ta Horra�ver. !n the event of n p�rtiul tc�king of the Pcr�+eny i�1 wh:icLT the fair
<br /> mnrket value of the Property Immaliately befoce the taking is Iess thun the�unount af the sums securod e�xraa.�diar,el��r before the
<br /> taking,unless Borrower und Lendcr aherwise agree in wrlting ot unlcss ap�iccablo law otherwise pxc�vides,the p�s shall
<br /> bc ap�iied ta the sums sccured by this Securiry instrument whether or. nd r,t�e sums are siten duc.
<br /> Dg t[te Pc��e�ty is ubandaned by Borro�ver,ur if,uRcr r.�.c�tE�r hy l.cacicr eo B��rn�wcr that thc crnxlcmeior offeas to m;t.[ce an
<br /> ;�ward o� settic a�c[�i.i.n for damages. Borrower, h.11I5[(I RS�I041.fI�6T A.e�xEer within 30 duys uRer the date �he �r,ru�r is giveu.
<br /> ILender is uutM�rized r,o callect:md ppply the proc�eods,at its c�pt�on.er.the�-to restarntion or repuir of the Pcr�perty or to the su��
<br /> secured by this S�euzi'r�:Instnrment,whether ar aot then due_
<br /> Umless Lx�nSr•r :rr.d Buri�owe�� otherwise agree in wr�r,ang, any apF+�ication of proeeeds to pri�*.ciga� sh;j�� nc*t extend or
<br /> post�o�ie the due date of thc monthlp payments rcferred to ia�aragraphs l and 2 or change thc umoant of srach paymcnts.
<br /> IlA.Borrower Not Release�;ForbearAnce By Lender A'ot a Wdver.Extension of the time for payment or modificudon _
<br /> of Annrctization of the sums secured by this Security Instrument granted by I.snder to any�uccessor in intenest of Borrower shall
<br /> aot operate to release the liability of the�rigin�l Bormwer�r Aormwer'� successors In inten-�t. U:ncler s9u�11 not be required to
<br /> commence proceedings against any successor in interest or refuse to exie�d time for payment or otherwis�modity amort�zaaon
<br /> of the sums secuceii by this Security Instrument by reason of any dernand made by the original �,�rro�ver or Borrower's
<br /> successors in intenst. Any forbearunce by I.ender in exercising any nght or remedy sholl not be u w�aiv.�r of or preclude the
<br /> excrcise of any right or remedy.
<br /> 1Z. Successors and Assigns Boundi Joint ond Sevetytl Liability;Co-stgners. The rnvenants arnd agrecments of this
<br /> Security Instniment shall bind and benefit the successon and asslgns of Lender and Borrower, sub,ject to the provisions af
<br /> paragreph 17. Bonower's covenants und agreemenu shall be joint ond several. Any Borrower who co-signs th[s Security
<br /> Instrument but ds►�not executs the Note: (a) is co-signing this Security instrument only to mc�rtguge, grant and convey that
<br /> 8orro,wer's iniero�-t in ihr F�vpcdy uinice the ierms�;:�i.;�ri,:sty Irutr•ment;,b)?s.^.�u�rs�nelly oh►l�nre.ci to nav the sums
<br /> secared by.this Sccurity instrument; and(c)agrecs that I,eniler:�ntl any other Borrower nnay agr•;e to extend,modifjr;�tiortxar or
<br /> miike.�»y aoco►nmtodations with regard to the terms of this�ecurity Inurument or the Naie without that Borrower's�nn3eat.
<br /> 13.Loan Ct��es.If the loan secured by�his Sc4nrity 7nstrument is subject tu a I��v Which sets maximum lot►+�charges.
<br /> � ar►d that law is Gm���;interpreted sa that the ue:c��res��,r other loan c�arges collected or to��e cullected 'e�connection wtth the
<br /> lonn excad the permitted limies,then:(a)ar1,r•�uch 1+�.�+n charge shafi b� r�uccd by thc atuaunt n;,cessary to reducc the charge
<br /> to thc pennitted limit;und (b) any sums ulready co)lerted from Borrower which exceeded penadttetQ.limi�s will bc refundcd to
<br /> Borrower. Lender may choose to mxke this refund by redueing the principa! �:�:�± ttn�ler the Note or by malcing a dircxt
<br /> p:.yment to Borrower. If a refund roduces principat, the re�uctton wiU bc treatcd A5 a pattial prepayment without any
<br /> prepayment charge under the Note.
<br /> 14.NoNces.Any nottce to 8orrower provided for in thi�Security Instrument shall be given by delivering it or by mailing
<br /> tt by first class mail unless applicuble luw requires use of unother method.The notice shaU be direct�ed ta the Property Addrtss
<br /> or any other address Borrower desi;nates by notice to Lender. Any notice to L.ender shall be given by first clnss tnail to '
<br /> Lender's address stated henln or any other address C.endc�designates by notice to Borrower. Any natict provided for in this
<br /> Securiry Instrumeat shall t+e dcemed to have been given to�3arrower or L.ender when given as provtded in this paragraph.
<br /> 15.Governin� Ia�w; Severability. This Security Instrament shall bc govemed by federal law and the law of the
<br /> jurisdiction in whacn=he Property �s lorated. Dn!he event that any provision or clause of this Secunit�Inswment or the Note
<br /> conflicts with:ippVirable law,aush conflict sh�9�ncu affect other provisions of this Security Instrument nr the Note which can be '.
<br /> glven cffect wtthout the confllctipg provisi�in. T�this end the provisions of this Security Instcumcnt and the Notc ure dxlured
<br /> to be severable. •�
<br /> 16.Borr�wer's Copy.Bnrro��•er shali be given one confo�copy of the Note and of this Sccudty Instrument.
<br /> 17.Tranct'er of the Propctty or a Beneticial Intercst in Borrorer.If all or any part of the Prop�rty or any interest in it
<br /> is sold ar ttansferced(or if a beneficial interest in Bomower is sold ortransferrcd und Borrowe.r is not a natural person)wtthout
<br /> T.ender's prior written consent, Lender may, at Its option, require iinmediote payment in full of all sums securcd by this
<br /> Security Instrument.However, this option shall not be exercised by Lender if exercise is prohibital by faderal law as of the date
<br /> of t�qas Stxur�ty Instrument.
<br /> QR 1.cnder exercises this opti.ei�e,I.ender shull give Ba�trawer notice of accelerution.The notice shall provide a,�periai of not
<br /> ; less'¢3iun 30 days ftom the dau a1�e notice is delivered ac mailed within which Bonower must pay all sums secureci by thi�
<br /> Security Instn�ment.Tf Bonower fails to p�y ehese sums priur to the expirntion of this perfod,L.ender may invoke any remedics
<br /> permitted by this Security Instrument wsthwi��'a�ri�Ker notice or demand on Bc�mower.
<br /> 18. Borrower's Right ta Relnst�te. 1:1� 'Borrower mcets cenein conditions, Borrower sh�qtl hnve the right to ha��e
<br /> enf�LV�:ment of this Security anscr,c��ixht d�sran�inued at any time prior ro the carlier oi: ta) 5 days(or such othcr period as
<br /> appl�ec.<i�le law may spec[fy for.r.�ci��statem,�a:t) before s�9e of the Propeny pursu�ne io F�nc powec c►t' sale contatned in this
<br /> Securiry Instrument:or(b)entry tif a judgment enforcing this Security Instntment.Those c�r�qcJ�aS4�rty vice that Borrower:(a)pays
<br /> � Lender all surns which then would be due ac��er this Securiry Instrument and thc Nute as ti nW�t�ewc,+e�tion had occurred: (b)
<br /> cures uny degan4E of uny other cuve►wncs ur c�er�ements; (c)pays all e��enses incurced tn en:e�rcooi�a*,us Securiry Instrument,
<br /> � i►�ecluding,but not Iimite�to, musonable att�r�ys' fces:and(d)talca 4uch action as Lendet r,�av �r�ri�smt�ably reqwre to assure
<br /> t�rac rhe lien of this Sec.urity Instrument, Lender's rights eR the Property ancl Bonowev's dl.*6i!�atiaro�a�pay the suna5 secural by
<br /> eA�s Secudty Instcument shall contina� unchanged. U�w:z rein�takment by H'orro�v�::P. this Secudty Insr��r.n�:r. and the
<br /> ol�l'igations secured hercby shull rernain t`a[ig� �ffective as if no accelemtion hud a:cuccu;�. T-fowecer. this iight to reiastate shall
<br /> _L •�
<br /> � nnt appiy in tne case oi accrieraiion�n�n�����y�:+N�� .�.
<br /> 19. Sale of Note; eha��qe c�#'r.c�aan Servtcer. Thc Note or a partial tntcrtxt in the Nore (rogether with this Securi�+
<br /> Instniment)may be wid oae�n'nn�rc tinties without prior noticc to Borrower. A sale may result in a change in the�ntity(known
<br /> as the"Loan Secvicer")tGnt�c��ilerts monthly payments due under the Note and thls Security Instrument. There also msy be one
<br /> or nxm changes of the Loun 5ervicer unreluted to u sale of thc Note.IF thcre is a rhange uf the Loan Servicer. Borrower will be
<br /> gi��en written notic�of tl�e change in ac��rdunce with par�g�aph 14 aDove and Hpplicable 13w.The nntice will state the name and
<br /> uddmss of thc ncw Loan Serv[cer and the uddre�.+to �vhich paymenis 5lwuld bc nwcie.The notice will also rontain any uther
<br /> inforn�ation rcquin.�i by applicable low.
<br /> 20. H�twrdous 5ubstances. Borrower shuli not rausc or prrmit thc presrncc, use, dis�ws;�l, .torage. ur relcasc of any
<br /> Hawrdouti Subst;►nres on or in thc Pmperty. Borruwcr ahall nct do. nur alluw anyunc cisc to d��, unything af�'octing thc
<br /> Pr��peity that ia in violation uf any Environmental Lsw. The pn:rcdin�two sentences shull iwt apply to the pmsence, use, or
<br /> st��ra�e un U►c Property ut small yuantitics of H�w�rduuti Sub�tunce�that an:gencrally rerugni�ed to bc appropriatc to nor►nal
<br /> - residcntial u,cs and tii maintenaixti uf the Pruperty.
<br /> P�����4 Fotm 3028 9790
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