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<br /> • subslunliully eyuivulcnt tnurlgugC In�ul'anc� cnvcra�c is nul»vuilublc, Borrnwcr yhull pay tu I•�nJrr cach munth u sum cyucd to
<br /> ane-twelfth uf the yea�ly mm•tgugc intiurunrr premium being paid by Barrower when thc intiuranc�cuv�ruge Inps�d��r ceuticd to
<br /> be in etl'ect. LcnJer�vill uccept,use and retuin these payment�ax a Ic,ss re+erve in lieu ot' mungugr intiurance. l.uss reserve(Q
<br /> ' payment�muy nu lunger bc rcquircd,ut thc optiou of L�:ndcr, if mongngc in�urunre a�vera@c cin thc umount und ti�r the �rrialy
<br /> that Lcndcr requirc.l providcJ by au insurcr appmval hy l.cnder agu�n bccomes uvuilablc cu�d is��htuinrd. D�►rcuwcr�hall pay �
<br /> thc pr�ntiwm requircd to maintain monga�.c intiuranre in eftcct.ur to provide u l�ns rescrvc,until thc rcquirement far m��rtFugeM
<br /> • in�uraisce ends in accordunee with any written ugreement Netween Barcower and L.ender or upplicuble luw.
<br /> 9. Insp�xtlon. Lendcr or its ugent muy makc reasonublc cntrics upan and inspcctions��1'the Pruperty. Lrndcr shall givc
<br /> Borrower notice at the time of ar prior to an inspecticro specifying reusonabfe cause for the inspection•
<br /> 10. Condemnntion. Thc prncccds of any uwurd �r cluim for dumagcs, direct or amscyucntial, in r��m�cction with an
<br /> condemnation ar other taking of any pan of thc Property,or for conveyunce in lieu of condenmution, ure hcreby ussigned und�
<br /> �hull bc paid tu I.�nJcr.
<br /> (n tlie evrut uf a wtal tul:ing�if the Fruperty.th�pr�x«:d.r tittall bc appliui to the sums sccurcd by thi� Scrurity instrument, ._
<br /> whethcr ar not then due, with any rxcess paid to Borrower. In the event of u paniul taking of thc Properry in which the fuir
<br /> m:�xkct value uf the Property immediutely before the taking is equul to or greater than the umount of thc sum+secumd hy this
<br /> Sr.�uriry Inyrrument immediately hefure the n�king, unless Borrawer and Lender otherwise agree in writing, the tium. secureet hy
<br /> Uiis Sec.�wiry �nsu�ment shall be rcduced by the amount ot'the priueeds multiplied hy the following fruction: (u) the trnal
<br /> amuunt uf the su�s,ecured i�nmediutel�� hefore thc taking, divided b�� (b) the fnir market valuc o4�the Pruperty immediately
<br /> before the taking. Any balance shull he puiJ to Borruwer. In the event c+f a paniul taking ut'[he P�operty in which the fair
<br /> market value uf the Praperty inmieAliutely bcforc the taking is lcss than thc amown uf thc sums serurcd immeJi.,tely hefi�rc the
<br /> tuking, unless Barra�ver und I.endcr�thcnvi�e agree in writing��r unlcss upplicable law�uhcrwitic provides, the proceeds shull
<br /> be applirJ to the sums securcd by this Security Instrument whethcr ur not tt{�+ums arc then duc.
<br /> If the Property is ab�►nduncd hy BurruWc�.ur if,aiicr iwticc by L.ender ro B�rrower thut the rc�ndcmnur offcrti to make an
<br /> :�w.ircl��r scttic a cluim for damugc., Borr��wcr Ftils tu respond to I..�nder within 30 days aftcr thc datr thc noticc iti Fivcn,
<br /> l..enJcr is nuthr�rir.cd ta collcct and apply thc prcicccds,ut itti c�ption,cithcr to restoration or rcNuir ot'the Propcnv ur ta Nie sums
<br /> scc�ucd by this Sccurity Intitrumcnt,whcthcr or not lhcn duc.
<br /> Unlcs, l.cnder und Bnrrow�r uthenvi�c :�gree in writin�, uny upplication of prixred� u� principal +hull not extend nr
<br />- {x�,i�xmr thc eluc dute of the nwn[hly E�uymcnis rcfern�i[o in p�rugruph, 1 und 2 or chunge the un�unt of.r•urh paymem,.
<br /> I1.Hnrrower Not Rcicuud; F'orF�curwncc By Ikndcr Nut a Walvcr. Extcnsiun af thc timc fi�r paymcnt crr maiificution
<br /> uf':mx�rttiatian uf thc sumti�►curcd hy thi. Scrurity Imtrununt prunted by l.cndcr to uny surcessnr in intcrc+t uf s��rrawcr shall
<br /> n��t u�ratc tu relca,c thc linbility uf thr uri�:inid 13��rrn�vcr ur Hurrowrr's.ruccessi�rs in intcrest. Lcndcr tihull not be requirui to
<br /> rummcnrc pr��cccdings ugaintit uny tiuccc+�ur in intcre+t ur rrfusc tu cxtcnd timc for paymem ur uthenvi.c modify umnrtiu�tian
<br /> ul' thc sum� �ccurcd by thi+ Sccurity lmtrmncnt by rcas��n of uny dcmanJ madc by thc original Borrowcr or Bi�rrowcr's
<br /> sucressur,in interest. Any f'orbeurunce hy l.ender in exerrising uny right or remeciy shall nut he a wuiver uf or preclude the
<br /> cx�rci�c of uny right ur rcmcJy.
<br /> l�.Succecu►rx and Assigns Buund; Joint and Several l.lubillty; Casi�ners. The covenants and ugrcements uf this
<br /> Serurity Instrument shaU bind und benefit the successors und assigns of Lender and Borrower, subject to the provisions of
<br /> parugrnph 17. Borrowcr's covcnants and ugreemenn shall be joint and severul. Any Borrowcr who co-signs this Security
<br /> lnstrument but daes nat execute the Nate: (a) is co-xisning this Security Instrument only to mortgage, grant and canvey thet
<br /> Borrowcr's interest in the Property under the tcrms of this Sccurity lnstrument; (b) is not personally obligated to pay the sums
<br /> seeured by thi�Security Instrument:und(c)agrees tnnt Lender and any otner Borrower may ugrcc tu e:atciid.riodii'y,farb�a;or
<br /> make any accommodations with regard to the tertns of this Security Instrument or the Note wUhout that Borrower's cansent.
<br /> 13.I.oa�Chur�es. If the loan secured by this Security Instrument is subject to u law which sets maximum loan charses,
<br /> and that law is finally interpreted so thut the interest or other loun charges collectect or to he collected in connection with the
<br /> loan exceed the penniued limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> to the permitted limir and(b)any sums alrcudy collcctcd from Horrowcr which exceeded permitted limits will bc refundcd to
<br /> Borrower, I.ender muy rhuose to make this refund by reciucing the principal owed under the Nate or by making a direct
<br /> payment to Borrower. If a refund reciuces princtpal. the reduction wiU bc treateci tts a partial prepay�nent wIthout any
<br /> prep�y�nent charge under the Notc.
<br /> 14.Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it ar by mailing
<br /> it by�rst cl�ss mail unless applicuble luw requires use of another method. The notice shall be directed to the Property Address
<br /> or Any other Address Borrowcr dcsignates by noticc to Lender. Any notice tu L.ender shall be given by first class mail to
<br /> Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice providad for in thls
<br /> Security Instrument shall be deemed to havc becn given to Borrower or I.ender when given as provided in this parugrAph.
<br /> I5.Goveming Law; Severability. This Sccurity Instrument shall be govemed by fecleral Inw und the Inw of the
<br /> jurisdiction in which the Propeny is located. In thc event that any provision or clause of this Security Instrumcnt or the Note
<br /> conflicts with applicable law, such conflict shull nut affect ather provisions of this Security Instrument or the Note which cun be
<br /> given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared
<br /> to be sevcrablc.
<br /> 16.Borrower's Copy.Borrower�hall be given one conformed copy of the Note und of this Security Instrument.
<br /> l7.Transfer ot the Property or n Beneficlal Interest in Borrower. If all or any part of the Property or any interest in it
<br /> is sold or transfcrred(or if a beneficial interest in Borrower is sold or trunsferred und Borrowcr is not a natural person)without
<br /> Lender's prior written consent, Lender may, at its option, require immediate payment in full of nll sums secured by this
<br /> Security Instrument,How•ever,this optton shal l not be exerciseci by Lender if exereise ts pmhibited by federal law tts of the date _
<br /> of this Security Instrument.
<br /> If Lender exercises this option, L.endcr shall give Borrc�wer notice af acceleration.The notice shall provide a period of not
<br /> less thun 30 days from the date the notire is delivercd or mailed within which Borrower must pay all sums sccured by this
<br /> Security Instrmnent.]f Bonower fails to pay these sums prior to the expirution of this period, Lendcr may invoke any remedies
<br /> permitted by this 5ecurity instrument without further notice or demand an Borrower.
<br /> 18. Borrower's Rl�ht to Relnstute. �f Borrower meets certain conditions, Borrower shaU huve the right to have
<br /> enforcement af this Security Instrument dicc�ntinued at any time prior to the ea�lier of: (u) 5 duys (or such other perial us
<br /> applicablc lAw may specify for reinstutemcnt) bcfore �ale of thc Property pursuant to iiny powcr of �alc containcd in this
<br /> 5ecurity instrument;or(b)entry of a judgrnent enforcing this S��curity Instrument.Tho,e 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 ucceleration hud occurred;(b)
<br /> cures any default of any other r��venants e�r ugrcements;(e) pays all expenses incunecl in enforcing this Securiry Instrument.
<br /> including,but not limiteci to, reusonuble attorneyti' fees;and(d) takes such action as Lender may masonubly require to ussure
<br /> that the lien of this Security tnstrument. [..cndcr's rights in thc Property und Borrnwer's obli�ution to pay the sums sccured by
<br /> this Security ]nstrument �hall c�mtinue unrhunseJ. Upon reinstutement by Borrowcr, this Security lnstrument and the
<br /> obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right tu reinstate shnll
<br /> not annlv in thc casc of ucccicration undcr paraaruah 17.
<br /> �19. Sule oP Note: Chan�e of I.oan 5crvlrcr. Thc Notc or a partiul intcrest in the Notc (togcthcr w�th tms security
<br /> Instrument)may be soW onr or m�irc timcs without prior noticc to Borrower. A sule may rctiult in a chnnge in the entiry (I�nown
<br /> ati thc "Loan Serviccr")thut collects monthly paymcnts duc undcr thc Note and this Sccurity Instrumcnt. Thcrc also may bc onc
<br /> or more changes of the Loun Scrvicer unrelated to a sale of the Note. If there is u change of the Loun Servicer, Borrower will be -
<br />= given written notice of the chungc in accordance with paragraph 14 abuve and upplicable law. The nutice will state the name and , -
<br />_ address of thc nrw I.oxn Servicer and thc addr��ss to which payments should be n�ade. The noticc will ulao contain any ixhcr � _
<br />- information requircd by applicuble law. _
<br />= 20. Hay.�rdous 5ubstances. Borruwcr shall nut cause ar permit thc presenre, use, disposal, storxge, or release of uny =
<br />- Hazardou,+ Substanceti on or in thc Prc�pcny. Borruwcr shall not do. nor xllaw anyone clse to do, unything affecting the
<br /> Property thut is in violation of uny Environnuntal Law.The prececfing two sentrnces shall not appl,y to the prcsence, use,or _
<br />' storagc on thc Pruperty of smaU yuantitics of H:uard��us Substnnces that urc generally rccognized to be appropriute to normal -
<br />� residential uses und to muintenance uf thc Property. _
<br />-� Pnqa 3 0�d Form 3028 8190
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