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<br /> • substantiully cyuivulcnt t��artgagc insurunec covcrug�is not uvuilublc. Borrowcr shall pay tn l.cndcr curh nwnth a sum cyuid tu
<br /> vne-nvelfth of the yr,�rly murcguge insurunre p�cmium bcing paid by H��rrower when the in5ur:�ncc coveragc Icipsed or ceatieJ ta •.�.
<br /> bc in cffcct. L.cndcr w�ll A�ccpt.usc und retuin thcsc p�ymcnts ny a lus. rc,crvc in liuu ��f iuurt�;aFc insuruncc. l.�iss rexcrvu
<br /> puynunt�muy.n�, lougcr h�rcquircd,z�t thc uptiun i�f LcnJcr, if murtg��gc intiur:inr�uirvcragc Im thc imwunt urzd tirr ihr Pc r Y �
<br /> that lAndcr�rcyuiresl pruvi�lcd Ny un inuuer upprovcd by I.cnder u�i�in becumcs uvuiluhl4 and i, uhtuincd. liurruwer,hidl ► '
<br /> the prepiium�rcyuired to maintain munguge imur.uice in c(f'crt.or tu providc u lu�ti r�+crvc.until the rcyuircntent ti�r morl�;atic
<br /> imurnnrc cn�l�in acrurduncc with uny writtcn ugrccrncnt lxtwcrn Barruwcr unJ LAndcrur +ipplic+►Nlc I.nv.
<br /> 51. Inti{x�Uon. IAnJcr ur itti u�ent ma� makc na�unnblc cntricti upun und in,pcctiisnr nt Ihc k'ru�xrty. l.�ndcr ,Iwll E�Ivc�.
<br /> Hurruwcr noticc ut thc timc ot'ar priur to an impcctiai tipccitying rca�onublc ruu,c f��r ihr iu,{xcliun.
<br /> 10. l'ondemnuUon. 'fl►c pnxccds of�my aw.ud or cluim tur dannigcti. �iircct ur cuu+cyucntlul. in �unncrtfan wilh nny
<br /> condcmn�iunn or oihrr�;ikiu�uf any part oF thc Pr�perty.nr tnr r�mvey�mrc in licu uf cc aiJcmoiiliun, ar� licrchy iiy.ri�nrd un�l ^
<br /> shull bc paid tn I�cndcr.
<br /> In tbc cvent��f a total taking��f thc Praperty, t{m pr�xccds shall hc upplicd tu thc�uni++ecur�J hy this Sccuri►y nstrumcnt.
<br /> whether ar not then duc, with any exccss paid to Aarrc�wer. In the event of u paniul taking uf the Nro�xrry in which the fui
<br /> market vulue af the Property immediatcly heforc thc taking is cqual to or greatcr thun thc umou�u aF the tiums �ccured by this
<br /> Security Instrumen[i�nmediutcly beforc[hc taking, unless Borrower and Lendcr other�vise agrec in w�iting, thc aums sccured by
<br /> this Security Instrumcnt tihull be reduced by the amount of the praceeds multiplicd by tlie f'ollnwing fruction: (n) the tntul
<br /> umuunt of the sums secured immediatcly before the taking, divided by (b) thc fair markct value of the Propeny immediacely
<br /> before the taking. Any balance shall be paid to Borrower. In the event of a p�rtial ta�:ing of the Property �n which tlie Puir
<br /> market value of the Property immediately before the taking is less than thc:�mount of th�sums secured immcdiutely before the
<br /> taking. unless BoROwcr and Lcnder othcrwise agrec in writing or unless applicable law otherwise provid�s, the proceeds shall
<br /> be applicJ a�thc sums secureJ hp thiy Security Instrument whethcr�tt not the sums are then due.
<br /> If the Propeity is ubanduncd by Borrower.��r i(,ufler nuticc by (.endcr tu Bnrrowcr that thc condemn��r��ffcrti to makc un
<br /> award or setde u claim for dumugc�. Borrower fails to respond to I.ender within 30 d�►ys aftcr thc Jate the notice is given,
<br /> l..ender is�uthorized ta collect and apply the proceeds, at its option,either to restorat ion c�r repaii•of the Property or ta the sums
<br /> secured by this Security Instnnnent,whetl�er or not then due. � ���ation of ceeds to principal sl�all not extend or
<br /> Unlcss Lender and Borrower atherwis� agree in wrtting, any :PP� Pm
<br /> postpone the due date of the monthly payments refened to in paragraphs t and 2 ar chan�e thc amount of such payments.
<br />' 11.Borrower Not Released: Forbearance By Lender Not a Waiver.Extension o f the timc for payment or modification
<br /> of amarti�ation of the sums secirced by this Security Instrument granted by Lender tn any successor in interest of Ronower shaU
<br /> not operute to release the liability of the originul Barrower or Harrower's successors in�nterest. Lender shall not be required to
<br /> commence proceedings against uny succestior tn interest or refuse to extend time for pay rnent or otherwise modify amortizatian
<br /> �uccessors in interet. Any�forbearance�by L der bn exeere sing any right or�remedybYha lenot�be aI wai cr of orTp�lude the
<br /> exercise of any right or remedy.
<br /> 12. SuccPSSOrs and Asslgns Bound; Joint nnd Several Liabiltty; Co-signers. The covenants and agreements of t �s
<br /> Security ]nstrument shall bind and bene�t the successors and assigns af Lender s�nd Borrower,subject to the provisions of
<br /> para�ruph 17. Borrower's covenants and agreements shali be joint und several. Any Borrower who co-signs this Security
<br /> Instrument but does not executc the ivoic: i�i i, w•.ib��isg .hi., ��L':15� InsttamPn�m�ly to mort�a�e, grant und convey that
<br /> Borrower's interest in the Propeny under the terms of this Security Instrument;(b) ix nat persanally obligated to pay the sums
<br /> secured by this Security Instrument;and(c)ugrees thut Lender and any other Borrower rnay agree to extend,ntodify,forbear ar
<br /> make any accommodations with regard to the terms of this Security Instrument or tlie Note wtthout that Borrower's consent.
<br /> 13. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum lonn charges,
<br /> and that law is finally interpreted so that the interest or other loan chnrges collected or to be collected in connection with the
<br /> loan exceed the pernutted limus, then: (a)any such loan charge shall be reduced by the emount necessary to reduce the charge
<br /> to the permitted limit;and(b)�ny sums already collected from Borrower which exceeded permitted limns will be refunded to
<br /> }3orrower. I.ender may choose to make �liis refund by reducing the principal owed under the Note or bm ntkwi haut�ir�t
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treuted ac u pactiel P�epaY y
<br /> prepayment charge under the Nate.
<br /> 14.Notices.Any nottce to Bottower provided for in this security Instrument shali be given by delivering it or by mu �ng
<br /> it by first class mail unless applicable law requires usc of another method.The notice shnll be directed ta the Propeny Address
<br /> or any other address Borrowcr designates by notice to Lender. Any notice to Lender shall be givcn by first class mail to
<br /> [.ender's address statcd hcrein or any other address Lender designutcs by notice to Borrower. Any notice pr�vid�fnohr in thls
<br /> Security Instrument shall be deemed to have been given tu Borrower or Lender whcn given as provided in this ura r'1
<br /> 15.Gnverning Law: Severabil6ty. This Sccurity Instrument shall be govemEd by federal law and tlie law of thc
<br /> • Jurisdtction in which the Propeny is Icxuted. In the event that any provision or clause of this Securiry Instrument or the Note
<br /> conflicts with upplicable law,such conflict shall not affect other provisions of this Securiry Instrument or the Note which can be
<br /> given effect without the conflicting provision.Ta this end the provisions of this Secur�ty Instrument and the Note are declared
<br /> to be severable.
<br /> 16.Borro�'er's Copy.Borrower shall be given one conforn�ed copy of the Note and of this Security Instrument.
<br /> 17.Trsns[er ot tl�e PropertY or u Beneficial Inta+est in Borrower.If all or anyr parc of the Property or any intercst in it
<br /> is sold or transferced(or if a bencfi:��.�:ntcrest in Borro�ver is sold or transfened and Borrower is not a natural person)without
<br /> Lender's prior written consent. Lender may. at i[s option, rcquirc immediate payment in ful! of all sums secured by this
<br /> Security Instrument.However, this option shall not be exercised by Lender if exercise i s prohibited by fecleral low as of the date
<br /> of this Security Instrument.
<br /> If Lender exercises this option. L.ender shall give Borrower notice of acceleration_ The notice shall provide a peri o not
<br /> Iess than 30 days from the date the notice is dclivered or mailcd within which Bomoaer must pay all sums secu►ed by this
<br /> Security Instrument. If Borrower fails to pay these sums priar to the expiration of this period, Lcndcr may invoke any remedies
<br /> pennitted by this Security Instcument without further notice or demund on Borrower.
<br /> 18. Borro�ver's Right to Aeinstnte. If Borcower meets certuin conditions, Borrower shall huve the right to hnve
<br /> enforcement of this Security Instnunent discontinued at any time prior to the e:�rlier of: (a) 5 dayy (or such adtcr period as
<br /> a�,plirablc law may spccil'y for reinstatementl before salu of the Property punuant to any powcr of sale contnined in this
<br /> Security Instrument:or(b)entry nf u judgment entorcing this Securiry Instrument. The»e conditions are that &�rrower:(a)pays
<br /> Lender ap sums which then would be due under�his Security instrument und tlie Nu[e as if no acceleration hud occurred: (b)
<br /> curcs any defuult uf uny other covenants or ugrcements: (c)pays all eapcnses incurred in enforcing this Security Instrument,
<br /> including, but not limited to, reaaonable attorneys' fees; und(d)takes such action as Lender may masonably require ta ussa►e
<br /> that the lien of this Security Iustrument, Lender's rights in the Property and Borrower's obligation tu pay the sums secured by
<br /> .h�� c...•��ri�� Inccrument snall cnntinue unchanged. Upun reinstatement by B���n��YCr. thiti Sccuruy Instrument and the •
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<br /> __..._..a L.....nv..r thic riuht tn mitlCt:1IC JL11�
<br /> obligations secured hereby shnit remain fully etTat�ve as it no acceier.�iiu�� ���u�..��•_��. •.....--_-. ....-••�--- � - �
<br /> o not apply in thc rutic of acccicration undcr p:ir��raph Il.
<br />-- 19. Sale nf Note: Change of Loun Se►w�cen Thc Notc ur u partial intemst in thc Notc (together with this Sec:uriry
<br /> Instrument)may lie wld one or mom times without prior nutice to Borrower. A sale may result in v change in the entity(k�own'
<br /> — as the"Loan Scrvicer")that cullects monthly puymcnts due undcr the Note and this S�curiry Instrument.There alw may be one
<br />- or mum chcm�;es of the Wan Servicer unmlated to a sale uf the Note. If there is a chan ge of the Loan Scrvicer, Born�wer will be
<br /> _= given written notice ut'the change in accorclanec with paragraph 14 uixrve und applicable law. The notir�will�tute the name and
<br /> address uf thc nc�v I.van Scrviccr and thc uddnss t��whirh paymcnts should bc madc.Thc nutirc will al.o contain uny othcr
<br /> informatiun rex�uinxi by applicable law.
<br /> — Z0. Ha•r.arduus Substances. Borro�ver>hall not cauu or perniit the prcsern�e, use, di�po�al. �t��rage, ��r release oti:my
<br />-� 1i:u:udous Substances im ar in thc Froprny. Bnrruwcr �hall not dn, �lOi �IIOW c+nyonc clsc to do, anything affcctinb thc
<br /> pruperty that is in violation of any Environmenial la�v. Thc prcccdin�t�vu scntcnr�:s�hall uut apply ro dic pmsencc, uac.o�
<br /> storage on the Prup�;rty of small yuantities uf Na�.irJuuti Subctances that arc grner,tl ly rcc��gnired w be apprupriate ro nornial
<br /> residential uses and ro maintenan��e uf thc Prop�ny.
<br /> '.�,7 PL�=���s Form 3028 9i90
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