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<br /> subtitamtiully�equlvi�lent iiuingugo insunnce covemge is not avnilnblc,B�rrowcr shull pay to l.cndcr cuch mnnth a sum cyual to
<br /> onc-twclfth ot'tht yearly mortgoge insumncc pr�mium bcing paid by Borrowcr when thc insur��ncc covcragc lupsed or cu►sai to
<br /> be in effect.Lenctcr will iiccept,use uncl retain thess puyment�us u loss reserve in Ueu of mnrtguge in�u�ancc. Loss reserve
<br /> payn�ents may no longcr be requiral, a�the option of I.endcr, if n�ngnge insurance coverage(In thr nmaunt and for the period
<br /> that l.endcr reyuirc�)pr��vidcd by an insurer approved by I.endcr.isnin hccomcs avnilublo i�nd is obtaincd. Borrowcr shull pay
<br /> thc premiuros ryuired to maintain mo�ga�e insuru��cc in effcct,��r to provide a loss reserve,until the i�cyuirement for mortgage�
<br /> insuranee ends in ucc��rdance with nny written agreement b�tween 1�orn����er and L.ender a�upplirabfe law.
<br /> 9, Inspectlon. LcnJcr or its u�.ent m:i� make re:ison.,ble cntrics u{xm and inspeciionti of the Property. Lender shull givey
<br /> Eiorrowcr noti�c at thc timc of��r prior io an mspcctlan spccifying reasonahlc cuu�c for the inspccd�m.
<br /> 10. Condemn�tton. Tt�e pmceeds of nny award or cluim for damages, direct c�r consequentiul, in cunpec[ion with uny�
<br /> condemnatimi ur other tuking of uny �pan of the Property,or fnr ranvoyance in (ieu uf condemnation, i�re hereby arsigncxi and
<br /> _ �hall tx paid to l.ender.
<br /> I�thc ev�m of�totul tuking��f thc Propeny,the pr�xeeds tihaU tw applicd tu thc sums securai by this Sccurity{nstrument,
<br /> whethcr or not thcn due, w•ith any cxccs� pafd to Borrowcr. In the event of u puniul ti�king of the Property in which the fuir
<br /> market value of�he Pn�perty immcdintcly beforc the tuking is cqual tn or grc;itcr thun thc un�ount cif the sum++rcurcd hy this
<br /> Security Instrument immediately befi�reihe taking, unle�s f�nrrower and I.�ndcr�►therwise eigrer in writinp. tlu,ums ticcur�d by� �
<br /> this Sccurity Instrument shall bc rcduccA by thc umoum of thc�sr�x�rrdti muluplicd hy thc fnUuwing fri�rti�m: (�i) �hr total
<br /> •uni,unt of thc wms rccurcA imnkviiatcly lxfurc thr takin�!, dividcd hy (h► U�� i:dr markct vuluc uf'th� F'ra�krty immedi�qrly
<br /> befirre the IukinN. Any balancc shall bc paid t�i Bnrruwer. D� thc cvcnt of u parNnl tcikin� ul'tl�u I'ru�xrrty in whlc4 Ih� fiiir
<br /> markct v;duc of Ihc Prupc�ly immccli:ucly txti�rc thc lnking I+ Irry thnn Ihe�mwum uf'�hc uun,,ccurcd Immcdi��tcly Ixfl�rc�hu
<br /> tuking, unlc+. &►rruwcr:utQ l.cndcr��tlnrwlu:�grcr i�� wrlth��; i�r iu�lr,s nppllenhlc law olhirwi�c p�uvldee, dic pr�Krrdti shidl
<br /> tx�npplicd tn thc sumr scrurcd by tliiti Sccurity In+tnnncnt whGhrr ur nnY Ihr tiiun,�iru Ihcn duc.
<br /> If tl�c pr�.ipeny !s ab:uxlim�til by� I3�urnwcr. ur if',uRcr n+��irc by I.��xlcr tu Il�nr�owcr Ih;�t ihc cuiklrumur ol'fcrs i��nwkc un
<br /> uwurd ur .ctUr si clidm fur d��nr,�gcti. &�rr��wcr lullti tu r�ti�►sid lu I.c►Klcr wiihin �ll duys uRcr thc dutc �hc ix��lcc Iti glvee�,
<br /> l.cudcr is uuthurlicd to a►Ilcrt und aprly�I:u pnKCCds,at il�optinn, rUhrr tu resturutfun ur rc{�vir��f thc Propeny ur to thc Eum�
<br /> uucurcd by thi�Scruriry A�rtrumciu,whcthcr or not tl�co duc.
<br /> Unlrss Lcixlcr uin! Burru�ver�i[hcn+�ise ubrec In �+ritfng, uny up��licatiun ul'pre+cerds to principal shall not cxtcnd or
<br /> pnstponc d�o duc Jatc of thc manthly puymc:nts rcfcrrccl tU in parogn��hs 1 und 2 or changc thc ambunt of such paynxnts.
<br /> 1l.&�rrnw•er Nnt Released;FprbtArance�y I.ender Not w Walver. Extentii�n of the time for payment ar nxxiificution
<br /> of amoriiuuion�f thc sw»r scrured by this Security Instrumcnt granted by Lender to uny successor in interest of 9orrower shull
<br /> not operatc to rcicus�the liability af�hc original&�rrowcr or Sorrowcr's sucressiirs in intcrest. L.ender shall not bc requiral to
<br /> c�mtnenre proceedings against uny succasor in interest ar refuse to exterxi time for puyment or athtrwise modify amortization
<br /> oi the sums s�:cured by this Sccurity Instrumcnt by rcuson of nny demand madc by the original Barrowcr or Burrower's
<br /> successors in interest. Any forbearance by Lender in exerclsing uny right or rcmedy shall not be a waiver af or preclude the
<br /> excrclse of uny right ar remedy.
<br /> lZ. Successora and Asstgns Bound; Joint and Severnl i.tablttty; Co-signers. The covenants and agrcemcnts of this
<br /> Security Instrument shall bind and b�nefit the succestion nnd �.ssigns of Lender ;u�d Borrower. subjc�ct to the provisions of
<br /> paragraph 17. Bocrowcr's covcnants and agreements shall be joint and sevaral. Any Borrower who co-signs thls Security
<br /> Instntment but dcey not execute the Note: (n) Is co-signing thls Security Instrument anly to mortgage, grnnt and convey that
<br /> _ &srr��er'�ir.ierest iz 4".e Pro�siy::r.L;�:tse t�rm.of s.".is S�rurity Znsirum�nt:(b)is ra:�;saaally ai�ttgat�t.�Nny ttic�uu�
<br /> su:ured by this Securit�Instrument;und(c) agrees thut Lender and any other Borrower may agree to extend. modffy,forbear or
<br /> - make any accammodations with regard to the terms of this Security Instrument or the Nate without that Borrower's consent.
<br /> _ 13.Loan Charges. Jf the Ioan secured by this Security Instrument is subject to a luw which sets maximwn ioan charges.
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to be callected in connectton with the
<br /> � loan exca�d the permitted Ilmlts.then: (a)any such loan cha�ge shall be reduced by the umount necessary to reduce the charge
<br /> �� to the permittul limit;and (b)nny sums drendy collected from Fiorrower which exceeded permitted limits will be refunded to
<br /> Borcower. Lender muy chaose ta make ihis refund by reducing the principal owed under thv Nate or by making u direct
<br /> paymcnt to Borrower. If u refund reduces principul, the reduction will be trented us a panis�l prepayment without any
<br /> prepayment charge under the Note.
<br /> _ 14.Notices.Any notice to Borrower provided for in this Security Instrument shall be given by dclivering tt or by mailing
<br /> it by first class niail unless applicable lau�rcquires use of another method.The notice shall be dlrected to tlie Property Address
<br /> - or any other address Barrowcr designute.v by nntice to Lcnder. Any notice to Lender shall be given by first class mail to
<br /> Lender's address stated herain or nny ather address Lender designutes by notice to Borrower. Any notice provided for in this
<br />° Security Instrument shall be decmed to hare bcen glven ro Boirower or Lender when given as provided in this paragruph.
<br /> � 15.Govcrning Lxw; Severablt�ty. This Security Instrument shall be govemcd by federnl.law and thc luw of the
<br /> ' jucisdictiun io which the Property is lacated.ln the event that any provision or clause of this Seeu�iry Instrument or the Note
<br />�� conflicts with applicable law,such cont7i�s7�all not affect other provisions of thls Security Instrument or the Note which can be
<br /> given effxt without the conflicting provision.To this end the provisions of this 5ecurity Instcument nnd the Note a�e declared
<br /> to be severuble.
<br /> 16.Borrower's Copy.Borrowcr s�all Uc givcn one confarmed copy of the Note and of this Security Jnstrument.
<br /> _ 17.Traneter of the Property or s�BeneflciAl Interest in Borrc�w•er.If all or any part of the Property or any inierest in ii
<br /> - is solci or transferred(or if n beneficial in�erest in Borrowe�is sold or trunsferred and Borrower is not a natural person)without
<br /> I.ender's prlor wrltten eonsent, Lend�.r may, at its optton, require immediate payment in full of all sums scxured by this
<br /> Sccurlty Instrument.Hawever,this apiionshall not bc cxcrcisc�by Lender if exercise is prohibited by federal law as of thc date
<br /> of thts Security Instrument.
<br /> If Lender exerclses this optiun,l..cnder shall give Borrower notice of ucceleration. The�totice shall provide a petiod of not
<br />� Iess thun 30 dnys from the date the notice is delivere� or mniled within whieh Borrower must pay ull sums secured by this
<br /> Sccurity Instrument. If Borrowcr fuils to pay thcsc sums prior to the exp3ration of this pericxl. Lender muy invokc uny remcd{es
<br /> permitteci by this Securiry Instrument without further notire or demand on Borrower.
<br /> 18. Borrower's It1g�t to Relnstate. If Borrower mcets certain conditions, Bonower shull have the right to have
<br /> enforcement of this Secui4ty Instrument discontinucd at uny time prior to the enrlier of: (a) 5 days (or such other pericxJ as
<br /> nppUc�blc law may specify for rcinstsitcment) before sulc of the Propeny pursuant to uny power of s:ilc cantained in this
<br /> Security Insttument;or(b)entry of a judgm�nt enforcing this Security Inwtrument.Those conditions are that Borrower:(a)pays
<br /> Lender idl sums which then would be due under this Security Instcumcnt and the Note as if nu�ec:eleration hud acurnd; (b)
<br /> cures any defauit of any otlier covenants or ugreements: (c) puys nll expenses incurred in enforcing this Securiry Instrument,
<br /> including, but not limited to,masonuble attorneys'fees; and(d)takes such action as i.ender may rcasonably require to assure
<br /> that the Ifen of th3s Security [nstruttx:nt,Lendcr's rights in the Property and Borrowcr's obligation to pay the sums secur�d by
<br /> this Security Instrument shall continue un�hanged Upon rcinstntemcnt by Borrower, this Security Instrument and thc
<br /> obligutions secured hereby shull mmain fully effc:ctive as if no Acceleration h�d occurred. However, this rigfu to rcinstute shall �
<br /> iwi ujipiy in ii�o uuc oi a�rcieruiiun unucr parugrspn i7.
<br /> 19. Sele ot Note; Change of[,oan'�` rvtccr. Thc Notc or u partial interest in thc CVotc (togethcr with this Security
<br /> Instrument) muy bc sold nne or morc times wiUiout prior nuti��c to Borrower. A sale may result in a rhangc in thc entiry(known
<br /> as the"Loan Servirer")thut collects monthly payments due under the Note and this Security Instrument. There utso may be one
<br /> or more cl�cmgcs of the Loan Scrvicer unreluta:d to u sule of the Note.If there is�changc of tlie I.oun Servirer, Borrower will be �
<br /> given written notice of d�e cltunge in uccuniunce wid�paragraph 14 above and applicable law. 'Che notice will state the name and
<br /> nddress�if thc new Loan Servicer and tlie address to which paymcnts should be madc. Thc notice will also contuin any uther
<br /> inforn�ation requircd by applicablc luw.
<br /> 20. Hawrdous 5ubtitunc�s. Bomowcr shull nnt cause or permit thc presencc, use, disposul, storage, or releasc of any �``'
<br /> Hax�►rdous Substances on or in thc Pruperty. Borrower shall nat do, nur allow unyonc elsc ta do, anything uffecting the
<br /> P�rperty thut is in violution of;�ny Environrnental L:sw. The prcceding two sentences shull not apply ro the presence, use, or
<br /> swr:�ge on the Property of smull yuuntieics��f H.u,�rduus Suustunces that are gencrally recogniied to bc appropriute to normnl
<br /> residentiul uses anJ to cnuintenunre of thc Property.
<br /> Popo 3 0l 4 Form 3028 9l90 -
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