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<br /> substantially equivalent mortgage insuruncc coverage is not uvailuble.Borrower shall pay ta l.endcr each month u sum equal to
<br /> une-tweifth of the yearly mangage insurance premium being paid by Barrower when the insurnnce coveruge lupsed or ceased m
<br /> Ix ire ef'fect.Lender will accept, u�se and retuin these payments us a loss rescrve in lieu uf mortguge inxurance. Loss reserve
<br /> payments muy no lunger be require,�i,at tha aption of Lcnder, if ntortgage insurance covernge(in�he amount und for the period
<br /> that t.endr.r rcyuires) proviJed by an insurer i►pprovul by l.cndcr agniii bccomcs uvailable und is obuifncd. Borrowcr shnll pay
<br /> thc premiums required to maintnin mortgcigc insurunce in cffcct,or to provide u loss reserve,until the reyuircnKnt for mortgage �
<br /> insuranc�encis in accordance with uny wriucn ugrecment betwecn Burrower und Lender ur upplicuble luw. y
<br /> 9. In.9pecttun. Lcnder or its ngent muy mukc rcasonnblc cntrfcs upan und inspcxtions uf thc iPruperty. l.cncler shall give '
<br /> Bnrr�iwcr notice ut thc time of ar prfor to an inspcction specifying reasonuble cuusc for the inspecda».
<br /> I0. Condemnsttlon. The praceeds of uny awurd or cluim for dumugcs, dircct or can�:equentful, in ronncctiun with any
<br /> condemnutian or u�her taking of any part of the Property, or fc�r conveyance in licu of condemnaiion.i►rc hereby ussigned and �
<br />' shall bc paid tu I,cndcr. �
<br /> In the event af u totul tuking of the Property,the procecds shull be upplied ta the sums xecured by this S�xurity Jnstrument,
<br /> whcthcr or not thcn due, with miy cxccss paid to B�rrower, In the evcnt of a partiul takin� of the Propeny in whlch the fair �
<br /> nu�rkct vulue af the Propeny immediutely bcfore the tuking is equal to or greater than the umount of the sums securcd by this
<br /> Security Instrument immeciiutely befare the taking,unlesa Borrower and L.ender otherwisc agrec in w�iting,thc sums secured by �
<br /> this Sccurity Instrument�hall be rcduced by thc amaunt of the procecds multiplicd by thc following fraction: (u) thc total
<br /> ;unount of thc sums secured immediatcly before the tnking, divided by (b) thc fair market value of the Propeny immcdiatcly
<br /> bciare thc taking. Any buluuce sl�ull Ue paid to Bonower. in thc evcnt of a partial taking of the Property m which d�e fa�r
<br /> n�arket value af the Property immeAiiatcly before the taking is less than thc umount of the sums sr.cured immcxiiacely before the
<br /> taking,unless Borrower and L.ender otherwise agree in writing or unless appliruble law ocherwise provides, the proceeds sh�ll
<br /> be uppliecl to the sums+ecured by this Serurity Instrument whether or nut the sums are[hen Jue.
<br /> If the Property is abundoned by Bonower,or if,after notice by Lender to Borrower thut the condemnar offers to make an
<br /> award or settlo a cluim for damages, Borrower fails ta respond to Lender within 30 duys after the date thr.nodce is given,
<br /> Lender is authorized to collect and apply the proce�is,at its option,either to restoration or repair of the Pro(�erty ar to the sums
<br /> secured by this Security lnstrument,wl�ethor or not then due.
<br /> Unless Lender and liorrower otherwise agroe in �vriting, any appliratiun uf proceeds t� principal shall not extend or
<br /> postpcme the due date of the monthly payments referred to in p3.ragraphs 1 and 2 or chsinge the amount of such payments.
<br /> 11.Borrower Not Eleleased;Forbearance By I.ender Not a Watver. Extension of the time for payment or modification
<br /> of arnortization of the sums securcd by this Security Instrument grantai by Lender to any successor in interest of Borrower shull
<br /> not operate to relense the liability of the original Borrower or Borrower's successoz�s in interest. L.ender shall not be required to
<br />, commence proceedings against any successor in interest or refuse to exteud time for payment or otherwise modify amartization
<br /> of the sums se.cured by this Security Instrument by reason of any demand made by the �riginal Bonower or Barrvw,�r's
<br /> successors in intercst. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclade the
<br /> exercise of any right or remedy.
<br /> 12. Successors and Assigns Bound; J�int and Several Liubllity; Co-stgners.The covenants and agrcements of this
<br /> Securiry Instcument shell bind and benefit the successors and �.csigns of Lender and Borrower, subject ta the provisions of
<br /> paragraph 17. Dorrower's covenants and ugreements shall be joint and several. Any BorruH•er who co-signs �his Sacurity
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant und convey that
<br /> Borrower's interest in the Property under the terms of ti�is�ecurity Ins[rumenc;ibj is noi per�vu�lty utligaic.-!ia pa�itse�uss�
<br /> secured by this Security Instrument•and(c)agrees that Lender and any other Borrower may agree to extend,modify.forbear or
<br /> make any acconunadations with regard to the terms of tf�is Security Insuvment or the Note wuhout that Borrower's consent.
<br /> 13. Lonn Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges.
<br /> and that law is finapy interpi+eted so that the interest or other loan charges collected or to be collected in connectton with the
<br /> loan exceed the peimitted Iimi�S,then: (u)any such loan char�e shAll be reduced by tho amount necessary to reduce the charge
<br /> to the permitted lhnit:end (b) any smns already collected from Borrower which exceedod permitted liinits will be refunded to
<br /> Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or b� making a direct
<br /> payment to Borrower. If a refund reduces principal. the redaction will 6e treated as a ptutial prepayment withoui any
<br /> prcpayment charge under the Note.
<br /> 14.Notices.My notice tn Borrower provided for in this Security Instrument shall be given by dellvering it or by mailing
<br /> it by first class mail unless applicable law requims use of unother mechod.The notice shall be directed to the Property Address
<br /> or tiny other address Borrowcr designates by notice to L.ender. Any notica to Lender shall be given by first class mail to
<br /> Lender's address stated herein or any other address Lender dcsignates by notice to Borrower. Any nodce�rovided for in this
<br /> Security Instrument shall be deemed to huve been given to Borrower or Le►v.ier when given ns provtdod in th�s paragraph.
<br /> 15.Governiag Lxw; Sevetability. This Sec:urity Instrument shall be governed by federal luw and the law of the
<br /> . jurisdiction in which the Fropeity is locui�xi. In AiC cvent that u�iy pr�visioa or clause of this Sccurity lnshvmcnt or the Note
<br /> confl3cts with�pplicable law,such co»flict shal l not affect othcr prorisions of this Security Instrument or the Note which can be
<br /> given effect wtthout the oonflIcting provision. To this end the provisians of this Security Instrument and the Note are declArod
<br /> to be severable.
<br /> 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17.TrAns4e:of the Property or a Benefida! Interest In Bormwer.if aU or any part of the Property or any interest in it
<br /> is sold or transferred (or if a beneficial intemst in Bonower ls sold or transfcned and Borrower is not a natural person)without
<br /> I.encier's prior wrttten consent, L.ender may, at its option, requim immedtate payment in full of all sums secured by this
<br /> Security Insuument. However. this opdon shall not be exercised by Lender if exerc�se is protubited by federnl I�w as of the date
<br /> of this Security instrument.
<br /> If I.ender exercises this option, Lender sha11 give Bonower notice of acceleration.The notice sh�ll provide a period of not
<br /> less than 30 duys from the date the noti�e is delivered or mailed within which Borrower must pay all sums secured by this
<br /> Secudty Instrument. If Borrower fails to pay these sums prior to the expiration of this period,Lender may invokc any remedies
<br /> permitted by this Securiry Instrument without further notice or demand on Borrower.
<br /> IB. Borrower's Riqht to Reinstate. If Borr�wer meets certain conditions, Bonowe� shall have the right tn have
<br /> cnfonement of this Security Instrumcnt discontinucd ut any time prior to the earlier of: (a) 5 days (or such other period as
<br /> applicable law may specify for reinstatement) before sale of the Property pursu:uit to any power of sale contained in this
<br /> Security instcument:or(b)entry of a judgment enforcing this Security instrument. Those conditions are that Borrower: (a)pays
<br /> Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred: (b)
<br /> cures any default of any other covenants or asreements; (c) pays ull expenses incurred in enforcing this Security Instnirnent,
<br /> including, but not limited to, reasonuble attorneys' fces; and (d)takes such action as I.ender may reasonably require to assure
<br /> that the lien af this Security lnstrument. I.ender's rights in the Property and Borrowcr's obligation to pay the sums secured by
<br /> this Security Instrument shall continue unchanged. Upon reinstatemcnt by Burrower, this S�•curity Instrument and the
<br /> ubli�adons secured herebv shall remain ful(v effective;u if no acceleration h•r.d urcurreJ. Huwcver, tlii+ riglit W reinalate shxU
<br /> not:�pply in the case of a�celeration under paragraph 17.
<br /> 19. Sple of Note;Change of Iaen Servicer. Thr Nrte or a p:utial interest in the Note (together with this Sccurity
<br /> Instrument)may be sold one or more times without prior notice to Rurruwer. A sale may result in a change in the entity(known
<br /> as the"Loan Scrviccr")that cullects monthly p.►yments due under the Note and this Sccuriry Instrument. Them also muy bc onc
<br /> or morc ch�nges�f thc Lo.•m Serviccr unrclatcd to u sale of the Note.If thcn is a rhange uf thr L.��an Servicer, Borrower will be
<br /> given written notice of thc change in accordanrc with paragraph l4 abuvr and applicublc I,iw. The noticc will ,tatc thc n:imc.ind
<br /> addrcss uf thc ncw Loan Scrviccr and the address to which paynunts should bc maJc. Thc nuticc wiU alsu contain any othcr
<br /> inf��rmatiun rcyuircd hy applicublc law.
<br /> 20. Hau�rdou� 5ubstances. Borcowcr tihall not rausc or permit thc pm,cncc. u+r, dispu.xl, storagc, cu rrlca�c uf any
<br /> Haeanfous 5ubtitanrrs on or in thc Property. Borro�vcr shall nut d��, nur aUow anyonc cl,c tu Ju. anythint aff��cting the
<br /> Property tliut is in viulutiim uf any Envirunmental L;,w. Thc pnceding avu .cntcnce,.hall nut apply tu the pmsence. u,e. ur
<br /> storagc on thr Property ot�small yuantitics of H.winious Substanres that arc genrr.�lly r�tiugc:ic��1 tu bc apprupriutc to nurnial
<br /> residential uses und to n�►intenancc of the Property.
<br /> w„o�„�a Form 3028 9190
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