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<br /> =��r�� , • subtitunually cyuivulcnt mortgagc insurance covcraEe i. n�,t uvailable. Horruwer tihull pay tu I_cixlcr carli nu,nth:e .um equul to
<br /> .:��:::r ��, one-iw•rlfth of the ycarly murtgagc intiuruncc premium hcing paid by Burruwcr whcn thc in.ur:mcc cu�cral:c lapscd or cca�ed to
<br /> "'r' ''��� hr in rf(ttt. IAndcr will acrcpt. usc and rrtuin thc.r piiymcntti a+ a Ic�„ rc�crvc in licu uf nwrtgu�r i�itiuranrc. l.�»s rcrcrvc
<br /> •��� paynunt,may nn li�ngcr hr require�.at thr��ptiun of Lcndcr. if nwrt��.agc in.urancr c�,�•rragc lin thr iniu�unt aixl ii�r th�p�riad �
<br /> . y,�ir lhat Lcmlcr r�yuirctil pruvidcd b��an in,urcr approvcd by I.cnJcr aguin hccumc,uvailablr anJ iy uht��fncJ. f3orruwcr ,hall paY y
<br /> � thr premiumti rcyuirrd tu nwintuin mortg:igc in+uranrc in cffcct.c,�•to pruviJc a lu+� rc+crvr. uiuil thc rcyuircmcnt (��r mortgugc '
<br /> , � � ' in�urancc�nJ� in acrarduncc with uny wrincn agrccmcnt bcnvecn Burrow�r and L.�ndrr ur�,pplicahh luw.
<br /> �; � • � 9.Inspecdun. l.ender ur it.agent muy muke rea,onable entries upun and inypecti�m+��f the Pruprrty. I.ender sPiall give �
<br />.„.,�,�. � Burruwcr notirr at thc timc ul'or priur tu un mspcctiun�pccifying rca�onuhlc cause fiu th�intip�cti��n.
<br /> L0.Condcmnutlnn. Thc prucccdti uf:iny uward or cluim far dama�c�. dircrt or run+cyucntiul, in cunncrtian with any
<br /> r�mdrnuiatiun�,r��thcr taking �+1 any�r.irt �if thr Prc�Pcrty.��r for cun�cynnrc in licu of ranJcnmatiun. ar�hur�hy ati.igncd and �
<br /> shall bc paid tu Lcndcr.
<br />' _�._� In ihe event of a tutal taking of the Pruperty,thr pruceed,�hull be upplieJ ta the+ums+ccured hy this Security Instrument.
<br /> whethcr nr nnt thcn duc. ���ith any rxrc„ paid to Borruwcr. In thc cvcnt uf u pa�tial taking uf th� Prc�perty in which thc fAir
<br />_-- _ ntarkct�•alue of the Propc;rty immcdi:ucly hcti�rc thc taking is cyual to�r Frcatcr than thc amuunt uf thc tiunts secur�d by this
<br /> --- :"� Scrurity Instrumm�t immediatcly h�furc thc tuking, unless Borrrnver and Lender uthcrwi�c agrre in writing,thr+urns secured by
<br /> ��� this Security Instrument shall bc rcdurcd by thc amuunt uf the prorcedti multipliul hy the liille�wing fraction: (a) the totul
<br /> umount nf the sums sccurul immediutely bef��m the taking, dividcd by (bl thr f'air markct vulue ��f the Property immeJiutcly
<br /> , �:�'r'•��' befure the taking. Any baluncc shuU be puid tu Borrower. In the event of a parti:�l taking uf thc Pn�perty m which the fuir
<br /> ;,�� market ealuc of the Prc�pc:ny immcJiatcly before thc taking i�Icsti than the amount of the sums securul immediately bcfarc the
<br /> �:.�!'•� � tuking,unles� Burrower and I.endcr uthcrwi.c ugrce in wnting i�r unle��applirable law othcrwi,c providcs, thc prurrcds shall
<br /> "'�"x;:'!� bc applini to thc sum,secured by[hi,Scruriq•Instrumcnt a•hethcr ur not thr,um>urr then duc.
<br /> �'�' �' "�� If ihe Property is abandoned by Burcowcr, or if,after noticc by [xnder to Hnrruwcr that thc wnJcmnur ofCers to make tui
<br /> ��x"�`� aw3rd ur setdc a claim for duma�e, B���rower fails to res nd to Lendcr within 30 days after the date thc notice is given.
<br />__..:':'•�r`�.• L,ender is authorized ta cciUect and apply thc procecds,at its ption,either to nstaration or rep�ir af the Property or to the sums
<br />-=�i'`'- secured by this Sccurity Instrwnent. +vhether or not then due.
<br />..��a`��,".
<br /> .. � Unless Lender und Borrower otherwise agrce in writing, uny application of proceed� ta principal shall not extend or
<br /> - "� pastpone the due date of�he monthly payment�referred to in paragraphs 1 and 3 or change the umount of such payn�ents.
<br /> ''�y�-� 11.Borrn�ser Nat Released; Forbearnnce By Lender Nnt a Waiver.Extension of the time for paymenc or modification
<br />��rar.�c� oC amonization of the sumx secured by this Security In�trument granted by Lender to uny successc�r in interest a(Borruwer shall
<br />:-���,�— not operatc to release thc liability of'the uriginal Borrower ur Borrowcr's successors in interest. Lxndcr shall not be required to
<br />�_'��^�� commence pr�iceedings ugainst any .uccesso�in interest or rePuse to extend time for pxyment or othenvise mc�dify amortiiation
<br /> �� of the sums secure.�i by this Securiry fnstrument by reason of any demand made by the origin�l Barrower or Barrower's
<br /> successors in interest. Any forbearance by Lender in exerrising any right or remody shall not be u waiver of or preclude the
<br /> �--"_'j;d,'� exerciseof any right or reniedy.
<br /> .;��;� 12. 5uccessors and Assi�ns Bound; Joint and Several LisbUity; Co-signen. The covenants und agrcements of this
<br /> -. Security instrument shall bind und henefit the successors and assigns of Lender und Borrower, subject to the provisions of
<br /> -- paragraph 17. Borrower's covenants und agrcements shall be joint and �cveral. Any Bonower who co-signs this Serurity
<br /> I�:isusr:r.t bu: docs.^.�t escxate:he*!cis:: ts2 's`co-signir.b ihis S�uri!�� Instrvmrnr�,nly tn morteaee. crant and convey that ,
<br /> �� Borrowcr's interest in the Property undcr the terms of this Security Instrument; (b) is not personatly obligated to pay the sums
<br /> secured by this Security Instrument;and(c)ug�ees that Lender and any other Banower may agree to extend, modify,forbeur or
<br /> make:uiy accommodations with regan!to the temis of this Security Instrument ar the Note without that Borrower's consent.
<br /> 13.I..oarn Charges. If the loan secured by this Security Instrument is sub,ject to a law which sets maximum loan charges.
<br /> and that law is finally interpmted so that tne interest or other laan charges coUected or to be collected in connection with the
<br /> loan exceed the permitted limits,then: (a)any such loun charge,hall be reduceci by the amount necessary to teduce the¢harge
<br /> to the permitted limit; and(b)any sums already collected from Hurrower which exceeded permitted limits wlll he refitnded to
<br /> - --- Barawzr. L:.ndcr mal chccse te m.ske !h+� �eft���� hv m�inring the princiF3l C�4Y?d ��l��Pr IhP NnrP nr hv makine a dircct
<br /> payment to $orrower. If a refund reduces principul, the reduction will be treuted as u partial prepuyrncnt wlthout any
<br /> prepaymern charge under the Note.
<br /> 14.Notices. Any notice to Bonower providcd for in this Security instrument shall be given by delivering it or by mailing
<br /> it by first class mail unless appltcable law requires use of another method. The notice shall be directed to the Property Address
<br /> ar any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> I.endcr's address�tated herein or any othcr address Lender desiQnates by notire to Borrower.Any notice provided for in thls
<br /> Security Instrumcnt shall be deemed to huve been given to Borrower or Lender when given a�provideli in thjs paragraph.
<br /> 15.Governing Law; Severabtqty. Thls Secudty Instrument shull be governed by federal law und the law of the
<br /> jurisdiciion in which the Property is located. In the event that any pruvision or clause of this Security Instrument or the Note
<br /> conflic�s with applicable law,such conflict shaU not affect other provis3ons of this Security Instrument or the Nate which can be
<br /> given effect without the conflictin�prvvision. To this end the provisions of chis Security Instrument and the Note nre declared
<br /> to be severable.
<br /> 16.Barrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instnunent.
<br /> 17.Transfer of the Property or u Beneffcial Interest in Barrower. If all or uny part of thc Property or any incerest in it
<br /> is sold or transferrcd(or if a beneficial interest in Borcower is sold or transferred and Borrower is not a natural person)without
<br /> ---- Lender's prior writtcn consent, I.tnder may, at its option, rcquire immediate payment in full of all sums secured by this
<br /> Security Instrument.However,this option shall not be exerciscd by Lender if exercise is prohibited by federal law as of the date
<br /> of this Security Instrument.
<br /> If Lender exercises this option,Lender shnll give Borrower notice of acceleration.The notiee shall provide a pericxl of not
<br /> less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums scxured by this
<br /> Secusity inmument.If Borrower fails to pay thcse sums prior to the expiration of this period.Lender may invoke any remedies
<br /> permitteA by this Security Instrument witliout further notice or demand on[iorrower.
<br /> 18. Borrower's Right to Retnstate. If Borrower meets certain canditions. Borrower sh�ll have the right to have
<br /> -- enforcement of this Security Instrument discontinued ut any time prior to the earlier of: (a)5 days (or such other period as '
<br /> ------- applicable Inw may specify for reinstate�nent) before sale of the Property punuant to uny power of sale oontained in this
<br /> _.:=�;�� Security Instrument;or(b)entry of a judgment enforeing this Security Instrument. Thase cunditions nre thnt Borrower.(a)pays
<br /> --- - Lender atl sums which then wuuld be due unde�this Security Instrument and the Note as if no accelerntion had occuned;(b)
<br /> _:.�:� cures any default of any other covenunts or agreements; (c) pays all expenses incurred in enforcing this Security Instrument.
<br /> _�Y�;.� including. but not limited to, reasonable attorneys' fees;and(d) takes such action w I.ender may reasonably require to assure
<br /> _= that the lien of this Security Instrument. Lender's ri�hty in the Property and Borcower's obligation to pay the sums secured by
<br /> - -_ , �f �� this Saurity Instrument shall continue unchange�. Upon reinstutement by Burrower, this Securiry Instniment and the
<br /> _� �� .._..._.__ .w:_ ..w, ..�..,._�►.ou
<br /> -- =-s-.� VUItb'illlVitJ JCA:UtCi1 iICtGUy .ltlqQ tCttiiltti iuiiy CIIC�tIVC i1.1 ti tttt u�itiCiitiiVtl itnu Vi.LU1ICV. tav��•a.a.u..o ig...:v �.....w....w.».. . -
<br /> ��:�.�� not apply in the case of accelerution under parAgraph 17. ,
<br /> ;=�'��ti:` 19. Sale of Note; Change nf Loan Servlcer. The Note or a partial interest in the Note (to�ether �vith this Security
<br /> � •�`'• • Instrumcnt)may bc�old one or mom times without prior notirc to Borrower.A salc may result in a chungc in the cntity(knowu
<br /> _:..���.::�s
<br /> - :is thc'Loan 5crvicer")that collects monthly payments due under the Notc:�nd thiti Security Instrument.There ulso may be onc '
<br /> = ' or morc changes of the[.oan Servicer unrelutal to u sule of the Note. If thcrc is n chungc of thc L,oan Scrviccr,Borrower will be
<br /> -..�>al. ' given written nutice of the change in accordunce with paragraph 14 above iind applicable luw. The notice will swte the name und- •
<br /> --�,n``����i,�,'� address of the new Loan Servicer and the address to which payments should be made. The notice will ulso mntuin uny other
<br /> , ,.,. .
<br /> :,;��._, informa[ion requin.�d by applicablc luw.
<br /> _:�,�r��,�', 20. He�ard��us 5ubstances. Borrower shall not cauyc or permit the pmcenre, u4e, disposul, storage,ur reli:a:sc nf uny
<br /> _=:cA=::,•us��.,' H:uurdous 5ubstanccy on ur in tl�e Property. Burruwer sliall nut do, nur allow xnyone else to Ju. unything rffecting �fie -
<br /> u
<br /> "`?F"�► � Propeny that is in violution of any Envirunmental Luw.The pmceding two sentcnres shall not apply w the pn:scnce, use, or
<br /> u`�«''" , ,�� storage on thc Property of small yuantities of Harardous Substances that ure gene�:�lly recc�gnized to be appropriate to normul
<br /> =`'°'`"'�' residential uses and to cnaintenancc of the Propcny.
<br /> Payu 3 0�0 Fotm 3028 8/90
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