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<br /> �uw;�um�o��y�eqd�valent mongugc inxurance coveruge is nut uvnilablc.Borrower shull pay tu Ixnder e�h month:►�um eyuul t�
<br /> ' nae-twelAh,clf thc yearly mortgagc in�umnce pntmlum bcing pnld by A��truwcr when thc insuruncc ruverage lupced or ccusecl t�
<br /> � be in etTcct.i.ender will acce�st.ubo nnd retaM these puyntent�u+ u I�ns n:ncrve in Iicu of murt�iigc intiuruncc. l.��ss rcsorvc�
<br /> pAymcntfi�tu�y au'I�mgcr be reqUlPrscl,M tbe opiian uf I.endrr,if m��rtgngc in5uruncc ruvcragc(in tlte um��unt un�l fur the peria�
<br /> thm l:ender reNuire.)pnwidut by cin inrurer uppruvcd hy l.ender i+gian becomeK uvniluhle u�zd i�+c�htnlncQ. ��►rrarver shull d:� -
<br /> " thu premlums reyuirc�l U�midntuin nu�rtgugr insurimcc in cfl'cc4 ar ta pruvidr u lu�s rescrvc. untii thc rcyuircn►ent fur n�urtg►►�
<br /> iasu�7►nce ends in urcurd��nce���lth uny�vrittcii�i�reemcnt hetwecn Hurruwcr und l.ender or upplicuble lmv.
<br /> 9.U�.4p�tlun. Lender��r i1fi i�;cnt may makc rr;i�unahlc cntric.r upnn und impcctionti ot thc f'n�pc�iy. I�cndcr rhi+ll �tiv
<br /> Hnrn�wcr natiec iU t!m tinu��f or pclor tu un in+pccdutt sprcifying rcu+oi�uhic ci�u�c fi�r thc ins�xctiun.
<br /> 10.('ondrmnutlon. '1'hc prucccd� uf'uny� n��iud or dulm for duiuu�;cti. �lircct or rcm�ryucntial, in runncctiuu witb an�
<br /> rmidcmnntiun��r i�ttmr tuking uf uny pari��f thc Arapcny.�►r t��r convcyunrc in licu uf c�n�Jcuwuciun,uru h��rl�y a,tiigncd and r
<br /> �hidl hc paid tn lAndcr.
<br /> In thc event of u tutul tuking��f thc Prnperty.�hc prurcrd+�hu11 bc upplicd to thc+ums�rcumd t�y Uiis Sccurity lnstrumcnt,
<br /> whwher��r nat thcn due, with uny excess puiJ to f�urruwer. 6i tix:event ot u purtii►I tuking��t'thc Pn�perty in which the fiiir
<br /> n�u�icct vnluc uf thc Property immcdiateiy befom thc u�king i�cquul tu ur grcutcr thun thc amoum ot the�ums�ecured by this
<br /> Security In�:tniment immediutely befare the tuking,unl�ws B�rtower und L.endcr�therwise ugree in writing,the sums�ecure�i by
<br /> thin 5ecurity Instrument nhuU be re�uced by tho amaunt �!the procee�s multiplied by the fi�llowing fractia»: (u) the tatai
<br /> amount af the sums secured immediately befare the tuking. divided by (b)the fair murket vulue of�he Praperty immediutely
<br /> before the taking. Any balance shall be paid to Barrower. in the event nf u partinl tuking of che PropeRy in which th�fui�
<br /> mnrket vulua of the Property immediately before the taking is less than the amount of the sums recured immedlately before the
<br /> taking.unless Borrower ttnd I.ender otherwise a$ree in writing or unless appliatble luw otherwisc provides, the Qroceeds shall
<br /> be Appfled to the sums secured by this 5ecurity Instrument whether or not the sums are then due.
<br /> If the Property is abandaned by Bnrrower,or if.ufter notice by I.ender ta Barmwer that the cnndemnor offers ta make su►
<br /> uwurd ar settle a cluim for damagcs, Bc�rro�ver fails to respond w Lendcr within 30 days uRcr thc date thc notice is given,
<br /> Lender is a�ithorized to callect and apply the praceeds,at its option.either to nstoration or repnir of the Property or to the sums
<br /> secured by this 5ecurFty Instniment,whether or nat then due.
<br /> EJnless Ixnder a�ed �no�ver otherwise agree in writing, any application of praceeds to princi�rnal sQiall not extend or
<br /> postpone t7e�dae date of the ittant4tly paymenu referred ro in paragraphs l and 2 or chunge t&�e amous�t off such papcnznu.
<br /> Il l.Borro�ver N�4�F�A¢ased;l�or➢�earai�ce�y II.eied��IQ�g m DWn�ver.Extension of tP�e time for payment or rnodificati�n
<br /> of amortizarion of the sums secured by this Security IIactrument�ranted by I.ender ta any successor�n inYerest oi'�orrotiver shall
<br /> not ogerate to release the leability of the odginal Borrower or Bormwer's succesx+ts in interest. Lender �1►all no1 be requiriad to
<br /> commence praceedings�ainst any successor[n interest or refuse to extend timr.tor payment ar otherwise modify amortization
<br /> of tha wms secured by this Securlry instrument by �ea.son af uny den�and mada by the original Borrower or Bonawer's
<br /> successors in interest. Any forbearence by Lettder!n exercising uo�p right or remedy shall not be a waiver of or preclude the
<br /> exercise of any dght or remedy.
<br /> 12. Suocesso�s i+nd Ass�gns Bouad; Jotat aund Sav�ral Liabflity;Co-sigaers. The covenants and agreEments af thls
<br /> Securlty Instrument shall bind and benefit the succc.st�rs and assigns of Lender und Borrower, subject to the pinvisions oF
<br /> �g�p� �7. iic�rmwer's covenants and aRreemenlb shall be joint and several. Any Borrower who co-signs this Sscurtty
<br /> Insuumena Uut dces not rx�xute the Note: (a) is co-signing this Security Insm�ment oniy to moagage. grunt cunl�i+a�cy tl�at
<br /> Borrowerl�omterest ia the Property under the terms of this Secudty Instrument;(b)is not personally obligated to pay tli4 saecros
<br /> secure.d hy;thds�SGcut3t��Instrument;and(c)ag�ees that L,ender and any other Borr�wer may agrce to extend.modify,fot't�ar ae .
<br /> make any Acc�im(�tosi�4��ns'with regard to the terms of this Security Instrument or the Note without that Borrower s consent..� �; •
<br /> 13.I.� �6irin��s.IIf ahe loan secured by this Security lnstrument is subject to a law whlch sets maxjmum loan charges, , ;
<br /> pnd that la�v�fiiqilly:i�tcrpreted so that the interest or other laan char�es cailzcted or to be collected in cannection with the •-
<br /> Ioan ea�ceed¢4�;8 pgrmitte�limhs. then: (a)any such loan charge shsll be raluced by the emount necessary to,�educe the ch�uge .r '�
<br /> to the permitted limit;and(b)any sums already collected from Harrower whlch exccede� pern�itted limits wfll be retti�cied to
<br /> Somower. L.ender may chaase to maka this cefund by reduein�; the pr[aetpal owed under the Note or by making a dircxt
<br /> payment to Borrower. If a refund reduces princcpal, the reduction w�l1 be treated as a partial PrePayment wlthout any
<br /> •�repayment charge under the Note.
<br /> 14.Plo;ioes.My notice to Borrower provide�for in this Security Iqstwnnen2 shall be given by dellvering it or by mailing
<br /> ' it by �it�b clASS;mnil wiless applica6le.•is�Y requIres use of another method.T#ie na�ice shall be directed to the Propercy Add�ss
<br /> ar any Aaq�er address Bor►vwer d�����r,�s hy notir�to I.;sxler. .�ny s�otiee t� r.ender at�.11 be lsiven by ficst class a�aii to
<br /> � I.ender's address stated.hanein or any'onNer addresa lknder des9gnates by nqtice to�irro��e. Any notice provfded for 6�{his
<br /> Securiry Instmment yIl��l!hc.deemed to have been giv�a tp Borrower or Lend�����hen giv8n s�c pro�[dod in this paragraph. •;,.��:
<br /> • 15.Govexniilg•�l�.u�v; Severability. ThIs Se,curi�jp; Insmiment shall be govemed by f�eral law ,and the law a�'the �
<br /> a�
<br /> jorisdiction in which� a 3'ropertY is located. In the.event that at�y provision or clause of this 5eciuity I�►sl�iraent or th�'�iote
<br /> ' conflicts with applicab�e 1aw.such contlict shail not affert�+�thec�T�visions of this Security Insuument os thc Nt#te whi�le eun be �
<br /> given effect without the conflicting provision.To this ea�d.uhe provlsions of this Securiry Instrument and tJ�e Ajpt�a�����
<br /> to i�e severab[e. � �. � ;
<br /> _ 16.Borrower's Capy.Borrower st�all be given ane cc�nfo, pd coPY of the Nore and of this Security dnsmiment. ,
<br /> ' U.Transfer q48 3.1�e Property or a Benefictas �n't�t�t��q�rrower•If ali or any parc of the Pro�rty �r'any interest in ic ,
<br /> ls sold or transferce'ti.�(or if a beneficial interest in�tatto�ver is r,ald or aansfemed ar►d Bornower is not m�,3uraY peason)without �
<br /> Lend�r's prior writt�n•consent. L.ender may.�at iu opdon.;recfuire immediate payment in full of all si�Ms secured by thts
<br /> Securiry IImsctumert.P�f�iWever.this npdon shall ttot be exerciscx!by 3.ender if exercise is prohibited by federa!!aw as af�T�a date
<br /> of this Security IInstnnenen� •
<br /> If I.ender eaerc�s�.s z�is option.Lender shali�i�ve$orrower nodce of acce(ecadon.The nottce shal�grovid¢a�sei2o�4�not
<br /> less than 30 days from iiie dute the nodce is de�n�rc�red or malled within which Borrower must pay all sums seca�red bY this
<br /> Security Insuument.If Borrower fails to pay tl4�e�c�ms prnor to the expuation of this perlad, Lender may iavoke accy temedtes •
<br /> permitted by thls Security Insm►ment without fu�¢heQ notic�ar d�naand on Borrower. �
<br /> 18. Borrower's Rtght to Retastate. IIf�arov�er a�eets certain conditions. Borrower shall have the rigAt e� have
<br /> enforcement of thts Securtty Instnrment dismn8rtcced at any time prior to the earlier of: (a) 5 daya (or such other pedod as
<br /> upplicable law muy specify for reinstatement) before sale of the Property pursuant tn any powu of sale contained in this
<br /> Secu�iry instrument;or(b)entry of a judgment enforcing this Security Insuument.Those conditions are that Borrower:(a)pays
<br /> Lender all surtts which then would be due under this Securiry Instrument and the Note as if no acaleration had ovcurred;(b)
<br /> cur�any default of any other covenants or agreements; (c)pays all expenses incumed in enforcing this Secudcy Insavrnent.
<br /> irtcluding.but rtot limlted to.reasanable attomeys' fees;and(d)Wcas such�ctton as l,ender may reasonablY require to assure
<br /> thut the lien of this Secur�ry Insuument.I.ender's rights�n the Property and Borro�ver's obligadon to pay the sums secuced by
<br /> a.L c......�.., r.,�.....,,�,� .�n �,neinue unchanaed. Unon reinstatement by Borrower. this Security.Insteument artd the
<br /> obligations scxured hereby shail remain fl►Ily effective as if no acceleration h�l occurnd. However,this ngnc m rei�rsiuie s'nuii
<br /> not upply in the cuse of nccetemtian under parn��ph I7•
<br /> 19. Sale o!Note; Cdange ot I.oan 5en'tcer.The Note or a ptutiul lnterest in the Nnte (together with this Security +�
<br /> Instrument)may be sold one or mom times withnut pdor rtotice to Borrower. A sute may result tn a chunge in the eMIty(known '"�
<br />- n3 the"Lvan Servicer")that�bitectx monthly paymems due ander the Note nnd this Security Instrument.There�lsa may be one '
<br />— or more chunges of the Loan Servtcer unretnted to n sate of the Note.If there is a change of the Loan Servicer.Bomower wtil be `';
<br />= given written notice of the change in accordanoe wtth para�raph i4 nlwve and nppltcable law.The notice will state the r►ame and .,
<br />= address of tha new I.oan Servtcer:ueci the nddress to which paymettts shouid be made.The notice will also contain any other -3
<br />— fnformation r�quired by Applirnble luw.
<br />— 20. Hazardous Substartces. Borrower shult not cuuse or pertnit the presence. use. disposal,storage, or release of any
<br />° Hozardous Substances on or in the Property. Bo*rower shaU not do. nor allow unyone else to do, anything affecting the
<br />= property that is in vioiatton of any Envuoacso�ntal Law. The preoeding two sentences shfsll not apply to the presenae.use.ur
<br /> storaee on the l���rcy of small quarttitis�04'�i�a.3rdous Substanoes that are genernlly recognized to bP appropriate to nor�nel
<br />= residentlal us��s a.iid Co maintenanee of tAe trm�seny.
<br />' Papp 3 0l 0 Form 302t! �Jl90
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