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<br /> •substanliANy eyuivalent innrtgage insurunce coverube i�; n�it uvuilnbie, Bor1�R {i:�ay to�(,�iixlcr each nwnth a sum eqaal to
<br /> , nnc-twclQh oi thc ye;�rly mortgagc insurancc prnmium bcing �uid by Borr we hen tho ineurwrK:c covcragc I�pseci or cca�cd to
<br /> hc in cffcct.l.eixlcr will uccept, use w�l rctuin these��uyments u+ u luss r�c�v in leo� ,�i_iyurt�y�c insurance. l.oss rescrve
<br /> pwynxnts muy no longcr he reyuireii,�t the option of IxrKlcr, if nMrtgago msur�tPCCt�nva�es�(ut tjle,unxwnt end for U�c peri�xl C0
<br /> , thut i.eixler rryuires)providal by en ii�+urcr upprnvtd by I..cixler aguin heconxs av;iilable iutd is oh�ained. 'f�ormwer shali pay�
<br /> thc prcmium�rcquirai to maintuin monbugc fiexurunre in cffext,or to pmvidc u loss reserve, until Ihe requircnxnt for mortguge
<br /> in�ur�nce ert�.lx in uc�curduncc with uny writun agrament t+etwan Aorrower erxi I.c�xler ur a�►licahle luw.
<br /> 9, inxpecllun. L,ender or its ngent mu� nwkc reaKm�blc emrics u�xm und inspcctions uf the ProExrty. IAixlcr shell giv
<br /> RorruN�er rxHice at the time of or pri�ir to un nt�pection s�x�ifying r�aumablc aiu�e tiir�he inspectic�n.
<br /> 10. CnrMemrwlbn, 'ih: pnxee;ds uf Wny uwurd or cluim for dumabcs, dira:t or cunxqucntiul. iu cumkction with an
<br /> ��rxlem�wtion or�Kher tnking nt'uny purt uF the Pr�y�rty,or f��r c�mveyance in lieu of coixlenuwtiun, ure hcreby ussigixY! a
<br /> shall Ix paid t�y Ixrxlcr.
<br /> In thc event of u total taking nf the Praperty,the praceecl5 sha{I h�nppli���to�he tiumw Kecured by lhis Srcuri�y b�titrumcnt,
<br /> whcther c►r not then due, with any exccrs p�iJ to ��rmwer. In the evcnt of u purtiul tuking of thc Property in which�hc 1'air
<br /> nu�rket value of the Prc�perty inunediutely (xPore the taking is cyuul a�i or greater ths�n�he umoum of the sunu sccured by this
<br /> Sa.urity Instn�ment imnx��liately bcforc thc�aking, unless Fiorrower u�xl l.ender otherw•ise agrce in writing,thc sums sccurai by
<br /> thiti Security Instrument shall be reducect by the a�r�unt c►f the prcx;eecls multiplied by the folluwing fructi��n: (u) the totul
<br /> amount of the surrs secural immaiiately bcfare thc taking, divided by (b)the tiuir murket valuc of thc Pruperty imnicdiutely
<br /> befurc�he taking. Any balance shall t►e paid to}3orrowcr. In thc cvent of u puniul tuking of tNe Hro�xrty m which the fair
<br /> ma�kct value of thc Pruperty immediately hefore the tuking is less lhzm ihc amount of the sums sccurecl inuneJiately ixf�ttc th�
<br /> taking,unlcss i3orrower nnd I..ender nlherwi�c agree in writing or unless applicable luw otherwise proviJes, �he pnxeeds sha11
<br /> be npplial t��the sums secural by this Sccurity Instrument whethcr r�r not the sums are thcn due.
<br /> If the Property is ubundoned by Aorrawer,or if,atier notice by L.ender to Bnrrower thut thc condemnur offers tu nw�uc an
<br /> awrrcl or settle a cluim fc�r dnmages, Barrower fails to rospn�xi to Lender within,30 days after the date the nexice is given,
<br /> Lender is authorizal to collxt and apply the pracecds,at Its option,eithor to restora�ion or rc}�air of the Pmperty or to tha sums
<br /> secured by this Security Instrument,whether or not then due.
<br /> Unlcss Lender and Borrower otherwise agree in writing, any applicution of pruceeds to principal shril not extend ar
<br /> pe»tpune tha Jua Jate of the mo�thly paymcnts refcrrcd to irs paragraphs 1 und 2�x change►he am�wnt�f such peymentc.
<br /> 11. Borrower Not Rdenved;ForbearuKx By I.ender Not a Waiver. Eztension of thc time for payment or modificution
<br /> of amortization of the sums Secured by this Sa:urity Instrument grantal by L,ender to any successor in interest af Borrower shall
<br /> not operate to release the liability of the original Borrowcr or Borrower's succesu�rs in interest. Leixler shull noc be rcquirod to
<br /> rommence procealings against any successor in intercst or refuse to extend time for payment or otherwise modify amortization
<br /> of the sums securecl by this Security Instn�ment by reason of any demarKi made by the original Borcower or Hormwer's ,
<br /> succescor�in interest. Any forbearance by l.ender in exercising nny right or remody shall not be a wuiver of or preclude the
<br /> cxercise of any right or remedy.
<br /> 1�,:Spccewors aod Assigr�s bnuad;]uint and Severnl Lipbility; Co-sl`ners. Ths covenants and agrcenxnts of�his
<br /> Security instrun�ent st��il! bind and beneFt th� successors And nssigns of Ixnder and Borrnwer, subject to the provisions af
<br /> p�ragraph 17. Borrower's covenents and agreements shall bc joint and severul. Any &>rrowee who co-signs this 5ecurity
<br /> Instn►me��t but does not exceute the Note:(a) is ca-signing this Security Instniment only to mortgage, gcant arxl convey that
<br /> Borrower's intertst in lhe Property under the terms of this Security Instrument; (b)is not person:tlly obligatncl tn pny the.sums
<br /> secureJ oy ii�is�ea;u�ity iiisira���e���;µz�tCj S�i':.w i::.i ��.'�+�i a�::11�Ol�:L:�SS74;"^f!Y!«�Pof!y rn�Ytr�wi. �xiiEv. fnrhP11'O�
<br /> make wny nccommod�tions,�ith ngArd to the te�uu of this Securily Instrument or the Note without that Bormwer's consept. •
<br /> 13. I.o�n Cha�es. !f the loan aecured by this Seeuriry InStrument is subject to u law which sets mvci�num Iwui charges,
<br /> uid thu law is finalljr iri�e.rprctod so that the intc��st or other loan charges collectod or to be coltected in connaKion with the �
<br /> � lorn exceed th�perrr►itteci`Ilmits,thot�:(a)any such loan charge sh�ll be ralucod by the amount nocessary to roduce thG charge
<br /> ;•. :�' to tlu permitted limit; and(b} Aijy sunis alrcady collectal from�orrower which exoeodod permitted IimU� will be refurxled ta.
<br /> Borrower. Lender may choose ta ipAke this refund by raiucing che principal uwed under che Note or by making �► diracc
<br /> . pwyment to Boirower..if o refunci reduces prineipal, the roduction w�ll be treated as a pArtial pr*.payment without any ;�,,':
<br /> prep�yment charge uruler ihe Note. . '
<br /> M. NotkYS�Any notice to Borrower pmvidc�l for in this Security Instrument shall be given by delivering it or by mailing; „
<br /> it by firot clatis miil u�less applicablc law requires use.of another method.The notice shall bo diroctod to the Property Addreu , :
<br /> or any other addross Borrower desig��ates by ►x�tice to [xixler. Any notice to Lcndcr shall be giv�n by first class mni! to
<br /> Lender's address statod heroin or any othcr address l.ender designates by notice to Borrower. Any notice provided for,in�this
<br /> Sacuriry Instrument shall be deemed to have boen given to Borenwec or Lender when given as providod in this p�ragn�i:;;`,`�
<br /> 15.Covei�ning,�.Aw; Sever�bilky. 'fh�s 5�curiry Instrument shall be govetrbd by federnl law �ud the Inw di the ��i•+�• •.,
<br /> jurisdfMion in which'•thp Property is located. In the event that any provision or clause of this Security Inxtrume�or the Note' '�.i';�: �.
<br /> �''. conflicts with�pplicaHfe law,such oonflict shall not affect other pmvis�ons of this Security Instcumertt or tho.Note which,c�n be � �
<br /> given ef�uct withcwt the conflittin�provision. To this end the provisions of this Securiry Instrument and thb Note.ete,4��IWnd
<br /> w btscr•.u�ble. . : :; . �•,� � ..
<br /> I,6:?Ffqrrower's Cupy.Horn�wer shall be given one confoirtje�copy of the iVote and of this Security Instrument.' ”'
<br /> 17.;Transfer ot.tbe Property or A Beneffcial Interest in�orrower.If ell or any part of the Property or any intercst in it .
<br /> is sold�i�'s�transferred'(or if a b�neficial interest in Borrower is sold or trans�'arred and Borrower is not a nuturAl person)without '' ;`��
<br /> Letde`r's prior written edtuent, I..ender may. �t its option, uire immediatc �ayment in full of all sums socured by thie .
<br /> SeCUrIty•.Instrument.H�wevcr. this.option shall not be exercis¢�y�na���f ox�rei�►s�prbhibit+ed by foderal law es of the due
<br /> of thls�Sccurity Instrument. '. '� '
<br /> If Lender exerclses thiR option, [.ender sh�ll givo Borrower notice of acceleration. Tha notice shall provide a period of rat
<br /> • �•� less than 30 dxys from the date the notice is dqlivered or mailed within which Borrower must pay all sumc securai by this ;��
<br /> ' Security Inst�ument. lf�rruwer fails to pry ti�5e syms prior to the txpiruion of this period,I.encier may invoke any reme�fies
<br /> perntitted by this Security Instrument wittaut furtl�cr notice ur demwnd on$orrower. ' •
<br /> 18. Horrower'e Rfght to atd�tate. If Borrower meets ccrtain rnnditions, Borrower shall have the right to heve
<br /> rnforcemmt of this Security I�::tru�nent discontinued At eny time priar to tha uulier of: (a) 5 days (or such o�(ee�f.,�xs.ipd aa
<br /> s�rplicxblo law may spocify for,rei�nstateme�it) befure sale of the Property pursuant to`�ny powa of sale conG�itibt!'en this.... ,
<br /> Socurity Instroment;or(b)entry of a judgment enforcing this Socuriry Instniment.'fhose ctintfitions qre,that Borrower:(a)pny�.���•'( '•.. ,,
<br /> Lender all sums whi�h then would be due under this Securiry Inatrument und the Note as if no ax�l�rauoq had occutxed; (b,� ,
<br /> cum�ny defyult of suly other covenants or ugreements; (c) pays aQ exptnses incureai in cnforcing this.Securily inauument,.. �
<br /> 1►k.ludin�,but not limitod ro, reisonable�ttorneys' fces;ii�xl(d)takcs such action as[.�nder may rr.asonubly rcquire to essurt � •_�:.�' ,
<br /> th�e the lien of�his Security instrument, Lender's rights in the�rn}xny and Borrower's obligation to pay the sums secucdc!by
<br /> this Socurity Inswment shall continue unchanged. Upon re'vnstatement by Borrower, �his 5ecunty Instrument, and the
<br /> obligations secured hereby shall romain fully effective us if no uccelerUtion haci occurral. However, this right to reinstate shall .
<br /> not apply in the es►se of aceclecation und¢r pnragraph 17. �
<br /> �.�_'_ m�_ ►i_._ ..! .r.� d.� IJ..a�lbwdthr.with f�tea �wnuit►�',
<br /> IY. .111! Oi PIOLl; l.nana! Oi l.Ofll i�Trrctc. ��ro .�vac v: :. }w�:.�. :C.:�....,. ::: .... .....� �'..m^'_; "'_- .--_ --'—"r _ ,
<br /> Inst�umenq may be sold one or more times without prior notirc to Barrower. A salt itwy r�;sult in p change�n thc entt6v(knowo.
<br /> as the"I..wm Servirer")tFwt collects monthly payments due under the N�te und this Security Instrument.Thero also n,a�y be on�.
<br /> or morc chnnges of the Lo�n Serv�cer unrelated to a sate of lhe Note.If thero is a changc af the I.oan Servicer,Borrower will be�.
<br /> given written►x►tice of'Ihe cliange in acconlarxe with paragraph l4 aM�We�nd applicable Isw.The notice will state the nwne ana`
<br /> xidrexs of the new Luan Servicer aixi the uddress ro which payments should be made. The notice will also contain�u►y dhe�
<br /> infom�ation requirod by opplicable luw.
<br /> 2p, Haz�rrboud Subpancex. Borcuwe� shxll nc�t cause or permiY the presencs, use, disposal, storage,ur.eleace of ury
<br /> Haxprckws 5ub�t�r►ce.r on or in thc Prqxrty. Borrower sh�ll not du, nor wllow anyone else to do, anything �ffocting the
<br /> property thWt is in violalion of any Environn�ent�l L.uw. The precaling two sentences siwll not�pply to the presena, use, or �
<br /> etor�gc un tf�e Prc�perty uf srtwll quantitics uf Harxnl�ws Subct�ces ttwt are gener�lly raognizsd to be sy�propriate to nornal •
<br /> rGaidential usea and tc�m�interwtke of the Property. ,
<br /> _ ►.00 a o�a Fam 30l� llf0
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