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<br /> ' wMstantiully eyuivnlcnt mortgage insutancc co�•cragc is not avuilublc, eormwcr shall p:iy cn l.cndrr rach montl►u �um cyuul to
<br /> � unc•twelfth pf�hc yeurly�ix�rtgugc insuraix;�premium F+eing puid by&ttruwcr whcn thc in+uraniL ri�ecr:igc lapsed ur cca�xd tn
<br /> be in effcti�. I.ernlrr will ucrept.uar wrYl retain thc.ce pnyn�entti uc a loss reservc in licu c�f martgagc insurancc. Lusti rescrvr
<br /> payntyatx may nu longcr tk rryuired.at thc optinn ot�l.cndcr, iP mortgabc insuruncc cavcrugc(in thr:uu�nmt und fi�r thc�riod
<br /> � thut L.crxler requires)providcYt by an inxurer approv�til hy Lender again becomcs uvailnble and ix oblaincd. I3orruwcr shall p•ry
<br /> thc premium, rcyuired to maintain mortgug� insur�mcc in cffcct,or tu providc;�loss rescrvc.until thc rei�uirctncnt tiir mort�agctp
<br /> insuratkc erxls in uccordance with any writtcn agrcxment tKtwc�en&�rrower aixl L.cixler or applirahlc luw. �
<br /> 9. Inspecllon. C,ender or its •rgenr nu�y mAke reutionuhle entries upon and in�peciiuns of the f'ro�x�rty. l.en�ler shall �ive �
<br /> Rnrruwer nalice at Ihe tinte aP ur prior t�i an inspcctinn�pecifyinb rcasonable c:eusc for the inspcction.
<br /> 10. Condhtmatlun. 7'he praceecls i�f any uward or claim for dunwges, direct cir ronseyuential, in conneetion with anyN
<br /> corxlemnation or other taking of uny purt oF the Pruperty, or for cunveyance in lieu of condemnati�+n,arc hareby assigncYi:�ndN
<br /> , shall tx:paid to l.erxl�r.
<br /> in the event uf a tutal taking of the Property,the prcxeeds xhall be applied to the tiums secured by this Security Instrument,
<br /> whether or not then duc, with any exccss puid to Horrowcr. In the event nf u panial taking i�f thc Prnpcny in which thc fui
<br /> murkrt vulue uf the Propeny imn�diately before the taking is equal to or sreatcr thau thc unx�unt of ihe tiums secured by thisW
<br /> Security Instrunxnt immediately befure ehe taking, unlesc Hc�rmwer nnd Lender other�vis�agree in���riting,the.ums secured by
<br /> this Security Instnunent shull be reducecl by the amount of thc prcx�eeds nwltipliecl by tl�e fnllowing fractian: (al the rotal
<br /> smount of the sume r�:ured imrned;ately b�:fore tt►e taking, divided by(h>tta fair n�arket valuc of tht Pmperty immediately
<br /> before t�e taki�g. Any hal:►rx:e shAll be paid to &�rrower. In the cvent of a panial taking of thc Praperty in which the fair
<br /> market valuc of the Property inunecliately bcfore the taking is less than the arc�ount of the sums secured immedi•rtely beforc the
<br /> taking, unless Borrower anci Le►xler otherwise agrce in writing or unless applicable law atherwise provides, the proceeds shall
<br /> bc applied to the sumx securod by this Security Instrument whether or not thesums are thcn due.
<br /> If the Prc,perty i;+ubandon��l by Borruwer,or if, ufter notice by Lencler tp k2ormwer that the conQemnor off'ers to makc an
<br /> �w;�rd or settle a �luim for danmges, Borrower fails t�� respond to I..cndcr a•ithin 30 dnys after th4 date tl�� nulicc i� given,
<br /> Leixle�is uuthorized to collect and apply tha proceeds, •rt its op[ion,eithcr to re,toration or repair of the Property ar ro the sums
<br /> securcd by this Security Instrument,whether or not then Jue.
<br /> Unless L,ender aroi Borruwer otherwise agree in wrilinb, uny applicati�n of procecds to priucipal shail not extend or
<br /> poupone the duo date of the monthly payments refemd to in paragraphs 1 and 2 or change Ihe nmount oP such payments.
<br /> 11. Borrower Not Released;Focbd�rnnce By I.e�der Nut a Waiver.Extension of the time far payment or modification
<br /> of amortization of the sums secured by this Security Instniment grantal by I.ender to any successor in interest of Borrower shall
<br /> rxx operate to release the liability of the original Borrower nr Borrower's successors in interest. [.ender sha11 not be required to
<br /> comnxnce proceociings agai�st any successor in interesl or refuse to exten�i time for Qayment or oti�envise modify anwrtization
<br /> of the sums xcured by this Security Instrurr�nt by roason of uny demand mecie by the original Borrower or Borcower's
<br /> su�rg�sors in interest. Any forbearance by I.ender in axercising any rigtit or��emaly shall not be a waiver of or preclude the
<br /> exen:isc of any right or remedy.
<br /> � 12• Snccea��! Rnd Aseigt� Bouud;Jdnt and &veml 'LiabiHty; Co-slgners. The covenants and agreements of this
<br />_ SP[�i��itv �nctni�n� rha�� �ln� ss� �r.t�: i�lL 3!!C^.'°.°Uf;, »S;� ;,�;i8ti; G; �..�",iw'��i aiiu ua'1Tii,wci, ;ii`v�jc�i iu ti�c jiiuvisiuus ui
<br /> para�xaph 17. Botrpwer's covenents and agreements shall be joint arxi severnl. Any Borrowe� who.co-signs this Security
<br /> Insu�ur�gnt but cloes�not exxute the Note: (a) is co-signing this Security Instrument only tu mortgage, grant �nd convey that �
<br /> Hcxsrwet's intercst in the Property under the ternis of this Security Instrumenr, (b)is not personally qbllgatod to pay the sums
<br /> , secured.by this Security Instrumen�; and(c)agras that Lender and any o�her fiorrower may agrae to extend,modiCy,forbear or
<br /> make any accomnxidations with rcgand to the terms of this Security Instrurr�nt or the Nolo without that Borrower's consent.
<br /> , 13. I�an Cisirges.If the latn socurod by tf�is Security Instrurt�ene is subj ect to a law which sets ma�cimum loan chxrges,
<br /> nnd ehart law is finall� interprcted so that the int�rest or other loan charger, coilected or ta be c�lleet'tz�.in connectipn with the
<br /> �am.ercced the pemuttal limits, then: (a)any such loan charge shall be reduoed by the nnxwnt naessary to mduce•tha chargt
<br /> to the parnuttod limit; end (b)any sums already colloctod from Bnrrower which excoedai permined limits will be rofundod to
<br /> Horrower. l.ender m�y choose to make this refund by reducing the principal owod under the Nate or by maksng a direct
<br /> p�yment to Bc>rrovaer. If a refund rcduces principal, the reduction will be treated as a parti�l Q�epayment without any
<br /> prep�yment chargr uniler the Note.
<br /> l4.Notfas.A'ny notice to BoKrower pravided for in th'rs.r+ocurity Instrument shall be givcn by delivering it or by m�iling
<br /> it by first clus m�il'unleas appticahle law roquirea ux of another method. The notice shaU be diroctal to the Property Addrcss
<br /> or u�y other sddress Bonnwer des9gnates by notice to L.encier. Any rwtice to Lender shall bc given by first clacs meil to
<br /> Lender's�ddreas stat4�i heeein or any other�ddress Lender designates hy nalice to Borruwcr. Any►xxicc provided for in this
<br /> . Socuriry Ir�swmmt sti�ll be damed to have been given to Borrower or[.encler when given su provided in this paragraph.
<br /> , 1S.GoverntpK'Y;�w; Severablllty. This Security Instrument shalt be governed by fod�ral law and thc Inw of the
<br /> jurisdiction in which the Prope�ty is Iceataf. In the event tF�at any provision or clausc of this Scxurity Instrument nr the Note
<br /> conflias with applicable Isw,such conflict shall not affeet other pmvisions of ihis Security Instrument or ttx Nae whicli can be
<br /> given effoct without the conflicting provision. To this end the provisions of this Security Instniment and the Note an doclarod
<br /> to be sevenble.
<br /> 16.Bwrower's Copy.8orrower shall be given one confom►ed copy of the Note and of this Security Instniment.
<br /> 17.Trrrskr irF tlx Property or a BeneficW Ipterest in I3otrower. if all or any part of the Property or any interest in it
<br /> is suld or transferrM(or if a bcneficial intercst in Borrower is sold or transferrcd and Borcower is not�natural person)witlwut
<br /> Lender's prior written conscnt, Lenckr n�ay, at its option, roquire immodiate payment in full of all sums securod by this
<br /> Securiry Instrument. However, this.nption shall not be exercised by Lender if exercise is prohibited by ftderal law ay of the dete
<br /> of this Socurity Instrument.
<br /> lf I.endcr exercjse�s this oplion, Lender shall give Borrower notice of acaleration. 'Che►x►tice shall prvvide a perial of rat
<br /> , less tlwn 30 days fmm the date the tatice is delivered or mailai within which Borcower must pay all sums secured by this
<br /> 5erurity Instrument. If Borrower fails to pay these sums prior to the espiretion of this period, Lender�may invo�e ady•rcmedies
<br /> pemnitt�ed by this Socurity lnstrument without further notice or�nd un Borrower. �
<br /> .lB. Bon�ower'u Ri�ht to•�telnetate. If Borrower mocts cer�ain wnditions, Botrower shall have the right to heve
<br /> tnforcen�ent of this S�x.�urity Inxtrument discontinued at Any time prior to the eartier of: (a)5 ciays (or such other petiod as,,...
<br />• applicablc I�w may�spa:ify for rcinstytemrno) bcfore sale of the Propeny pursuant to any poweo of salc containa! in this
<br /> Security Instrumenc;or(b)rntry uf a judgmenC enforcing this Security Instrument. Those conditions are that 8orcowet:(a)pays
<br /> Lxnd�r all sums which then wuuld be:due uncler this Security Instrument unJ the Note as if no acceleration had nctnurod; (b)
<br /> cums xny default of any otlter covenunts or agreements; (c) puys all expenses incuttod in enforcing this Security Instrurrknt,
<br /> including, but not limited to, reasonuble attorncys' fces; ancl (d)takes such xtion as I.endcr may r�asonably require to assure
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<br /> • • ..�� ...�,: .::.:j. - ::�Ti.,Tia, a..i:iwac� a i��uw m iuc�ivNcRY u�Ki "nurrower's ooiigacion ro pay ine sums securop by
<br /> this�Socuriry �Jnstrument shall�continue unchangod, Upon rcinstatement by Borrower, this Security Instrument erxl the
<br /> obligations securod hereby shall remain fully ttftctive as if rx�acceleration l�xt oc:curred. However,this right to rcinstate shall
<br /> not�pply in the race of acceler�tion under paragrrph 17. •
<br /> lf. SM{e ot Note; CFu�n�e ot Lo�n Servicer. The Note or a partial interest in the Note (together with this Security :
<br /> InsYeutttenc)may be sotd one or mort times without prior notice to Burrower. A sale may result in a change in the eniity(known
<br /> as the 'Lvyn 5ervicer")that collects monthly payments due utxler the Note and this Securiry Instrumcnt.Therti also may be one
<br /> or more changes of the i.oan 5ervicer unrelated to a srle of the t�iote. If there is a change of the I,oan Servicer,Borrower will be
<br /> given written r�ice of the chAnge in accordamx with parugraph 14 above and�pplicable law.The notice will state the nanne u�d .
<br /> eddress uf the new Loan Servicer and the addrcss tu which p,syments should be macle. 'fhc rxxice will�Iw contain any Wher
<br /> inforrr�ation rcquimd by applicable law.
<br /> 20• H�rdow Subtancrr. Borrower shall not cause a�r permit the presence, use, disposul, stor�ge, or rclh,uc of�u�y
<br /> NaTardous Substaix�es on or in the Property. &�rrowcr chall not do, �wr vlluw :uryone clse to do, anything xffecting the
<br /> Pr+optity that is in violatiun uf any Environmental Iaiw. The prm�ding two scntences shall �x>t apply to the prcsxrxY,use, or
<br /> stonige on the Property of s►nall quanti►ies of Ha►zarduus Substunces tltat are generally rccognizc,ci ta be appropriate !u nomxal
<br /> r��dentiy:uses aad to maintenance of the Pruperty.
<br /> P•����• Fam 302s 9�ao
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