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<br /> '`''^"'t t' nuhstfmti�dly cyuivulent mnrign}�e in�uriuuc euvcru�je i�:n�►a uvuNnHic. N��rru�vcr++hall pi�y tu l.cndcr cach munth a sum cyual to --
<br /> • ' �=� ' anc•twe�fth of tiw yciirly mungciuc insuraitrr prcmh��n hcln�paid Ny liorrowcr�vhc��Il�c intiurancc cavcrugc lu�ticd ur ccused w -
<br /> � -• :��.� i�hi ef�Fcct.l.endcr will ucccpl, une+md retuin Uunc pvymcutw u.ti i�lu.rti re�crvc in licu uf' nwrtgoge insurance. Ians rcticrvc� � �
<br /> puyments maq rtn Icmger bi:r�ui�ed.ut tlu uptiun of'i.e+uleh if mnrt�age intiurunce coveri+ge tin ihu amuunt and for the peda!
<br /> ":k ihat Lender`rcquires)p►nvid !�y an in�+urrr nppr��vcd by I.cndcr u�uin bcc�m�cn uvuilable und ih obtained.Barrower shsll pay `
<br /> ,. tho pr�miums requircd tu muintuin martguge inhurunce in effMt.ar ta prcivide a lass resewo,until thc requirement for mortgage �
<br /> i insurance cndc+in uccordunce witli uny written agreement betwcen Borrnwer anJ L.ender ar uppllcuble law. �
<br /> " � 9. lnspectton. Lender or its agent mny muke reu.sonabla entries upon and inspectianx of the Property. L.ender shall give M
<br /> - Borrower naticc at tt�e time of or prior to un inspection specifyinb reasonable cuuse for the inspection. � _
<br /> "• 10. Condemnation.The proceeds of uny award ar claim for damages. direct ar conseyuential. in cunnection with any � �
<br /> wndemnatton or other teking of uny part of the Property. or for conveyance In lieu of condemnation,are hereby assjgned and
<br /> ��y ' shall be paid to L.ender. � -
<br /> ���,__ In the event of a total taking of the Property,the proceeds shail be applied to the sums secured by this Security Instrunzert. w _
<br /> whether or not then due. with any excess paid to Borrower.In the event of a partIal taking of the Property in which the tair
<br /> market value of the Property immediately before the taking is equul to or greater than the amount of the sums secured by this
<br />-� Securiry Instrument Immediately before the taking,unless Borrower and Lender otherwlse agrce in writing,the sums securedby
<br /> this Secur�ty Instrument shall be reduced by the amount of the procee�s multipticd by the following fraction: (a) the total
<br />' � , amount of the sums secured immediately before the taking,divided by (b)the fa�r market value of the Property immediarely --
<br /> �'�..*;: before the taking. Any balance shall be paid to Harrower. In the event af a partial takfng of the Property in which the feir
<br /> � Jn:y.
<br /> ,,.;t;., .� : _;;�_Y�� raarket value of the Property immediately before the taking is less than the amount of the sums secured immedlately before e
<br /> •.:.,;•;�t::� takin�,unless Borrower and Lender otherwise agree in writing or unless appticable!aw otherwise pmvides.the proceeds shall
<br /> ' " ���"� bt applied to the sums secured by this Security Instrument whether or not the sums are then due.
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<br /> � , �,. If the Property is abandoned by Borrower,or if, after notice by Lender to Borrawer that the condemnor offers to make an
<br />''����_�"���`� award or settle a claim for damages. Horrower fails to respond to I.cnder within 30 days after the dase the notice !s given,
<br /> ' __?�.�:�'�'��• �...a_..:...,.,.�....t�aa.......n....e anA onnlv thP nmcrr�lc p�i�c nnrinn.either fo restoratior►or repair of the Property or to lhe�ums �
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<br />-�;;;;�;;a, secured by this Security Instrument,whether or not then due.
<br /> Unless L�nder and Barrower otheiwise agree in writing. any application of pmcceds to principal shall nat extend or
<br /> A"" poatppne the due date of We monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. _
<br />-;�%�i�? 11.Bosrawer Not RetPased;Forbearance By Leader Noi a Walver.Extension of the time for payment or modific�uion _
<br />`t`•�?��'�'�' of amortization of the sums secured by this Securiry Instrument granted by Lender to any successor in interest af Borrower sha11 _
<br /> =-�� not operate to nlease the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to
<br />`;'�"�h��ti commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amorti2ation
<br /> � of the sums secured by this Secu�ity Instrument by reason of any demand made by the original Barrower or BorroWer's _
<br /> `� suecessors in interest. Any foibearancs by I.ender in exercising any nght or remedy shall not be a waiver of or prerlude the =.'
<br /> �*�� exercise of any right or remedy. � m�=.
<br /> - 12. $ucce�socs and Assigqs Bound;Joint and Severa! Liability;Co-signers. The covenants and a�reementa of this .
<br /> —`=��'��``a� � Sar.»ri�y Tactn:�nent shall bind and benefit the successors end assigns of Lender and Borrower. subJect to the pravisions af • -
<br /> - = paragiaph I7. Horrower's covenants and egrcxn�nts aha11 be joint and severat. Any tsart�wcr wha co-si� ihs+SRa;�ui�,y . _
<br /> ?�-��! -Instnunent but does not exetute the Note: (a) is casigning this Security Instnunent only to mortgage, grar►t and convey that -
<br /> --'��""�' Sorrower's interest in the Property under the terms of this Security Instsvment;(b)is not personally obiigated to pay the sums
<br /> -� secured by this Security Instn►ment;and(c)agrees that Lender and any other Borrower may agree to extend.modify.forbear or
<br /> make any accommodattons with regard tu th�terms of this Security Instrument or the Note wrthout that Borrower's consent.
<br /> � 13. Loan Charges.If the loan secured by this Securlty instrument is subj ect to a law which sets maximum loan charges.
<br /> -�� end that law is finally interpreted so that the interest or other loan charges collected or to be collected in connectIon with the
<br /> -- loan excecd the permitte�limits.then: (a)any such loar►cherge shaU be reduced by the amount nece.csar�to reduce the charge
<br /> to the permitteci limit;and(b)any sums alre3dy collected from Borrower which exceeded permitted limits will be refurtded to
<br /> - - Borrower. Lender may choose to make this refund by reduciog the principal owed under the 1Vote or by makir�g a direce
<br /> payment to Horrower. If a refund reduces principal, tl�e rcducttan wi11 be treated us u parti�f prepuyment without any
<br /> prepayment charge under the Note.
<br /> 14.Nottces.Any notice to Borrower provided far in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first class mail unless applicable law requires use of another method.The notice shnll be directed to the Property Address
<br /> or any other address Eorrower designates by notice to Lander. Any rtotice to Lender shull be given by first class mail to
<br /> Lender's address stated hemin or any other address l..ender designatea by notice to Borrower. Any notice provided for in this
<br /> Secudty Instrument shall be deemad ro have boen given to Borrawer ur L.ender when given as provided in this paragraph.
<br /> 15.Governin,� Law; Severability. This Securiry instrument shall ba governed by federal law and the law of the
<br /> _ jurisdiction in which the Property is located. In the event that any provision or cluuse of th�s Secur�ry Instrument or the Note
<br /> __-_-_�� conflicts with applicable law,such contlict shall not affect other provlsions of this Security Instrument or the Note which can be
<br /> _ given effect without the conflicring provision. To this end the provisions of this Security Instrument and the Note are deciared
<br /> _ to be aeverable.
<br /> I6.Borrower's Copy.Borrower shalf be�iven une wnformed copy of the Note and of this Security insuument.
<br /> 19.Trtinster of the Property or a Beneflcial Interest In Borrower.If nll or any part of the Property or any interest in it
<br /> is sold or aansferre�(or if a beneFcial interest in Borrower is sold or transferred and Borrower is not a natural person)without
<br />"���°- Lender's prior written oonsent, Lender may. at its option, req uire immediate payment in fult of all sums secured by this
<br /> __-_ Security InstnunenG However.tl�is option shall not be exercised by I.ender if exercise is pmhibited by federal 1aw as of the date
<br /> of this Security Instrument.
<br />�� If Lender exercises this option.Lender shell give Borrower notice of acceleratiort.The notice shall provide a period of rtot
<br /> ""'�'Y�" Iess than 30 days from the date the notice Is delivered or mailed within wh(ch Borrower must pay all sums secumd by Uus
<br />�`"=�������� Security Iosuument.If Borrower fails to pay these sums prior to the expiration of tlus period, Lender may invoke any remedies
<br />-�_::_�� permitted by this Securih%Instrument without further notice or demartd on Botmwer.
<br /> ±--��.� 18. Borrower's L��t to Reinstate. If Borrower meets certain rnnditions. Borrower sh�ll have the right to have
<br /> -°-�=`�==-=� enforcement of this Sectirity Instrument disrnntinuod at any time pdur to the earlier of: (a)5 days (or suc�other periad as
<br />-----�-� applicable (aw may specify for reinstatemeny before sale of the Propetty pursuant to any power of sale co�itainea nr this
<br /> _-=`����_v� Secunty Instrument;or(b)enuy of a judgment enforcin�this Security insaument.Those wndidons are that Botrower:(a)pays
<br /> - -- Lender all sums which then would be due urtder this Secudry Instrument and the Note as if no acceleradon had axurred;(b)
<br /> -=j °`°�� cures any default of any other covenants or agreements; tc)pays ali expenses incurred in enforcing this Securlty Instrument.
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<br />�.��y:r F�':"': including,but not limited to, reasonable uttomeys' fees: und(d)takes such uction as Lender msiy reasonably reqmre to as,w�+e
<br /> �I.o��Mo tmn nf thic cP.���ar.�tn�rumenc_ LPnder's ri�hts in the Pronerty and Aorrower's obligation to pay the sums securad by
<br />_='^-�"-� thts Security Instrument shall condnue unchanged. Upon reinsintement by Borrower, this Secunry tnsuumem and cne
<br /> :�._,_ _. .
<br /> ' ,"'-��<<��"�� obligations secured hereby shall remain fully effective as if no accelemtion had occurred.However,this right to reinstate shall
<br /> �?;;�:':;: ,
<br />_:,��'.�?!t 5 ,1,,. ; not apply in the case of acceleration under paragraph 17.
<br /> ,':t;-��<„�•r� .,;.;i 19. 5n9e of Note; Change of Loan Servtccr. The Note or a partial interest in the Note (together with this Security
<br />�r'��i�;.a;4�`��.. Instrument)may be sotd one or mone times without prior notice ta Borrower.A sale may result in a chnnge in the entity([amwn _
<br /> ' '��'�`ti S 1�:� as the~I,oan Servicer')that collects mont}ily payments due under the Note tsnd this Secudry Instrument.There also may be one
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<br /> ;�;,,�,,,.;��., or more changes of the Loan Servicer unrelated to a sale of the Note.If there is a change of the Loan Servicer.Borrower will tse
<br />- •� •'``A,�} given written notice of the change in uccordance with paragraph I4 above and applirable law.The notice will state the name and
<br /> '�l:��" address of the new Loan Servicer and the addtess to whtch puyments should be mude. The notice will also mntain any other
<br /> . .�:� • information required by applicable law. •
<br /> � <«rt �:�: 20. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, scornge, or release of any
<br /> ' �.�'_.::��� Hazardous Substances on or in the Property. Borcower shall not do, nor at(ow anyone else to do. anything affecting the .
<br /> ....,.....,.-
<br /> ____�.��•___w.� Property that is in viotution of any Emironmentei I uw. 1he prrrcxlin�two sentences shuil nut appty io iha presencc, use, or -
<br /> ' storage on the Property uf small qaantities of Hauirdous Substances that tue generat�y rcrognizea to oe appropria�e iu uvr�u:u _
<br /> residential uses and to maintenance of the Property.
<br /> � PDBo 3 0l 4 Form 3028 9/90 _.
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