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<br />, �,. t°�°�, �, - S���j,�,�lettR~mos�gd�qsnrance rnverage is not available.&zr�nner shall pay ta Lender sach month a sum equa!to _u;,;-'
<br /> �.`�-, ot�e-hveiflh of ttte��te�ly mo�tga$e insurance premium being paid by Bomower when the insurance roeerage lapsed or c�eased to �;;�..3
<br /> �` ` .:� ' b�iA e'ffec�.i�endes wit{ac�t.u,s�und mtain these payments as a toss r�erve in fieu of mortgag4 in,urance. (.�ss r�erve =:�:�:.G`�
<br /> , a""'' ` ` � pa�meuFs inay nb"toager be requir�.at the option of Lender,if mortgage insursnce coversge tin the umaunt and for the period ��,
<br /> f'�.;� ...
<br /> ` � • " that L.ender requi�+esl provided by an insurer aPPr°vad by Lertder again becomes availuble and i.s obtained. Bornower shail pay _
<br /> ��,.'�` '`` � `, ��:r� • thc premiums rec{uired to maintain mortgage insumuee+n effect,or to provide a lass re.eene,umil tt�e requirenzent for mortgage
<br /> � � isbsursnce ends in acaordaace with any written agreement between Bortower and Lender or appficable taw.
<br /> � 9.lacpPCttort.lxnder or iu agent may matce reasonable eL�eS uP°n and inspections of the Pmperty.l.ender shall give�
<br /> ' •f ;`� Bom+wer natice at the time uf or prior to an inspeclinn specifving ceasonabte cause for the inspectian• �
<br /> .. • ` D0.Condemnation. Thr praceeds of�►y award or elaim fornYd�nag�.`n lieu of oonde�mnation.are hereby assigned d �
<br /> . . . = condemnatian or other taking of az►y part of the ProQerty.or for co y �
<br /> ahall be paid w i.ender. � '•
<br /> �'�`�; .��� In the event ot a total t�icing of the Property.the pracee�s shalt be apptied to the sum�serured by this Security Inswment.O = �, ,:.'
<br />':t'',` . . , m w�hich the fair�q .
<br />, �„�.r. �vhetheY or nat then due, with any excess pacd to Borron•er. In�he event of a paztial taking nf the Propercy� '. . i
<br /> •�,-�-~� market vatue of the Property immediatel�beforc the taking is equa!to ar greater than the amount of the sums secured by this(�
<br /> • < Security Instrument i m m e dia t e fy b e f o r e t h e t a k i n g.t m l�ss Boriouer and 1.ende:other�vise a=,�ree in writing,the sums secured by` x•_„
<br /> this Security lnsdurnent shall be rodnced by the a�nnunt of[he pmceeds mulaplied by the following fraction: (al the total0 ,
<br /> � amount of the sums secured�mmedea[elY before the[aking.divided by (bl�e fair market value of the Property immediate{y�"
<br /> " before the taking. Any balanre shall be paid to Horrower. [n the event af a partial taking of the Property in whi�h the fair � � .
<br /> • ` � ,� m�rEcet value of the Property immeJi�tely 6efore the taking is tecs than the amnunt uf the�uw secured immedistely before the �,-
<br /> ' ` .~`..,'`` :� taking. uniess Borrower and Lender otherwise a�ree in writing or unless applirable law otherwise provides.the proceeds shalt :
<br /> `• ' be applied to the sums sec+�red by this Security instrument whether or not�he sums are then due.
<br /> � If the Property is abando�red by Borrower.or if.after aoace by Lxnder co Borrower that the condemnor offers to mflke an �,�r.=�;
<br /> - award or seule a claim for damages. Borrower faifs to respond w Lender within 30 days after the date the no6ce is given. "
<br /> �,��' I.ender is authoriud w coUect and apply the pmceeds,at iu option,either to restoratioa or repair of the Property or to the sums _
<br /> � �� � ` % secured by this Security Insuument,whether ar aot then due. ����,
<br /> lication of roceeds to rinci sf�al� not eatend or • �
<br /> Unless Lender and $orrower otherwise agree in writing.any app P P P� , �_>•
<br /> °•�'�3� � postpone the duc date of t6e monthfy pavments referred to in paragraphs 1 and Z or cl�ange the amount of su��t►payments. -
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<br /> - - • - � 11.Borroaer Not Released;For':�ra�toe By Lend�Not a Waiver.Exteasion of the pme for payment or modificauan �::�....
<br /> ��''� l � of amnrtimtian of the sums secured by d�is Security Insvument granted by Lender to any successor in uuerest of Borrower shall �,, �':
<br /> 4_' .,..
<br /> � . not operate to mEease the liability af the original Borrower or Bortower's saccessors in interest.Lender shall not be required to �_._ ___
<br /> � _ cupunenc�proceedings against any successor in intecest or refuse to exten6 time for payment or otherwise modify auzortiza�aa
<br /> '� �.:...�.4 ,`.F of the wms secured by this Secunry Instrument by reason of any demand made by the original Bormwer or Boao�c�s. ���1'-
<br /> suocesson in interest. Any forbearance by Lender in exercising any nght or remedy shall nnt 6e a waiver of or preclude the
<br /> ' exercise of any right or�medy.
<br /> • ' 12.Snoces�o:s and Assigas Bouud;Joint and Severa{Lfability;Co-slgn�s.The rnvenanu and agreements of tt�is {t :�':.� .
<br /> _ "� �- Security Insm�ment shall bind and benefit the successors and assigns of Lender and Eorrower. subject to the provisions of : .p.. ,:
<br /> ' . -- puagraph lT. Borrower's covenants and agreemerrts shali be joint and several. Any Borrower who co-signs this SeCurity �:`•_ �
<br /> e t and comr �t . ,�,`,.-
<br /> � tnstrument but does aot eaecute the Note: la) is oo-signing this Security Instrument only to mortgag . gran eY n�>
<br /> Barrower s interest in the Property under the temu of this Security Instrument;(b)is not petsonally obligated to pay the su�s. . �._
<br />.;�,,':,�'�.�,�' '�.� secured by this Security Instntmenr and(c)agrees tt►at Lender and any other Borrower may agree to extend,modify.forbear er �:�__
<br /> :� make any accommodatio�s with regard to[he terms of this Security Insnument or�e Note wiWaut that Borcower's oonsen� n_,
<br /> � ` 13.Loan Charges.If the loan serured by this Secarity Instrument is subject to a!aw whicb sets m�cimum loan chac��, ��
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<br /> �.� , and that law is finally interpret�so sb�ehe intenest or other Ioan charges collected or to be wllected im m�nection with t"ne ��___.
<br /> � � loan eaceed the pecmitted timiu,then: E2}any such loan charge shall be reduced by the amount necessary to reduce the charge ��
<br /> � �,' '` ; . to the permitted lunit;and(b)any sums already collected from Borrower which eaceeded permitted limits will be refunded w ��:
<br /> • � � Borrower: L.ender may diaose to make this refund by redacing the principal���d unaer the Note or by z�alciag a direct ��
<br />_ _ ,��'.':• ` payment to $orrawer. If a refund noduces principal. the reduction wiU be u�ted as a partiai prepa��nt without any -Y_
<br /> • .. � prepayment charge under the hote.
<br /> ' ' , ' 14.Notices. My notice to Borrower provided for in this Security Insuument shall be given by delivering it or by mailing _ _
<br /> • it by first class mail unl..ss applicable!aw requires use of another methad.'['t:e norice shall be directed ta the Property Addre�s ;�;_
<br /> •• •� • or any other address Borrower designates by notice to l.ender. Any notice to Ixnder shall be given by fisst class mail to ��-_
<br />.=�,i;;1.•• ' Lender's address stated herzin or any other address Y.ender designates by notice ta Borrower. Any trotice pravided,for in tivs __
<br /> � Security inswment shall be deemed to have been gicen to Borrower or Lender c�-tma given s�s pmvided in this paragraph. 1
<br /> .,-•�;."�'.' 15.Gove�ing Law; Severabitit�a_ This Securiry Instrument shall be �.:'��amed by federal law and the law of the ,
<br />= � °'���7�:,,; jurisdiciion in which the Property is Ic�n:ied. In the event that any.provision or ciause of this Security Insirument or the Note ---
<br /> � `�`-��Y�".�.' conflicts with�appticabte law.such oont?c�shat!not affect other provisions of tLis Sewrity Instrument or.the Note which can 6e
<br /> _ � �� r' �`�•:'�' given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note aze declared ____
<br /> � ` ' to be severable. —�`-
<br />- '`.eh��1:� `; 16.Sorrower's Co�v.$orrower shall be given one conformed copy of the Note and of this Security tnstrument. � j
<br />_ �' ;���,•:;;<< 17."Gc�^.�sfer of thE Ftoperty or a Beneficial Interest in Borrowes.lf al�or siry part of the Property or any interest in it
<br /> '`'"�'��,- � is sold oY t.r,�:s.'errod(or if a benefic�al interest in Borrower is sotd cr transfemed and Borrower is not a natural person)withoul v _
<br />_ � '��ti�'�'�`` Lender s Fnar written cansent. Ler�der may, at its option. requim immatiate payment in full of all sums secut�ed by this
<br /> . ;��u,,. —
<br /> _ •f Se�urity Instrument.Haae�.er.[his option shall not be exercised by l.ender if exerc�se is prohibited by federal law as ofthe date _ _ .
<br /> • . � ,; : of this Security Instnu�.'�3. ��=
<br /> If Lender exercises t�vs oprion,Lender shall give Borrawer norice of acceleradon.The notice shall pmvide a period of not
<br />- ,��• � ' ��,�"�� Iess than 30 days from the date the notice is delivered or mailed within which Bonoaer mus: pay aii su.^�s secured by this ,� •:_
<br />- '°`�;f`s`�, `. Security Instmment.If Borrower fails tx�pay these sums prior to the expiration of this period.Lender may invoke any remedies ��°��-'
<br /> � permitted by this Serurity.lnstrument without further notice or demand on Borrower.
<br /> " ` 18. Borrower's Rrp,ht to Relrutate. if Borrower meets certain condiaons. Borrower shall hace z:�e rigt►t to have
<br /> - " � • � of chis Securit lnstrument discontinaed at any time prior to the earlier of: (a)5 days(or�;::�other period as ��W.
<br />_ , :- enforcement Y �.
<br /> � ' applipble law may cpecify for reinstatemenU befare sale of the Properry pursuant to any power of s�,[- contained m this
<br /> � . Secvrity[a.strument;or(b)entry of a jadgment enforcing this Security Instrnment.Those co�itions are that C�rrower:(a)pays :•�„_
<br /> � � Lender all t,ams which then would be due undcr this Security lnstrument and the Note as if t!m acceleration 9�ad occurred:(b)
<br /> � . � ., cures an� �Fault of airy other rnvenants or agreements;(c► pays all exyenses incurred in enforcing this Securiry Instr�t�•nt.
<br />�'� ' inciuding, but not limitod to,rea.wnable attomeys' fees:and(dl takes sucfi action as Lender may reasonahly requite to assure
<br /> - that:he lien of this Serurity lnstrument.Lender's ri$hts in the Property and Borrower's obligation to pay the sums secured by -
<br /> � �� this Secutity Instrument shall continue unchanged. Upon reinstatement by f3orrower. this Secunty Insttument and the
<br /> X`.;. '. obligations secured hereby shall remain fully effective as if no accelesation had occutred. However,this right to reiristate sha11
<br />_ . .. not apply in the case of acceleration under paragraph 17. .
<br /> ' • 19. Sale of Note; Change of Laan Servtcer. The Note or a panial intcrest in the Note(together with this Securiry
<br /> - Instrument)may be sold one or more times without prior nouce to Borrower.A sale may resu}t in a ctiange in the entiry(known .
<br /> � . �. � as the"Loan Servicet")that collects manthly paymenu due under the Note and this Security instrume+�t.There also may be one
<br /> �� • or more changes of the Loan Servicer unrelated to a sate of the Note.If there is a change of the Loan Servieer, Borrower will be
<br />_= . - : �� given written notice of the change in accordance with paragraph 14 above and applicable law.The notice wiU state tht name and
<br /> - � - address of the new l.uan Servicer and the addtess to which payments should be made.The Rotice wi11 also wntain atsy other
<br /> ^ � '"�'� infom�ation reyuired by applicable law. .
<br /> �.; . � 20. Hamrdous 5ubstaaces. Borrower shall not cause or permit the presence.use, disposal, storage. or release of any
<br />_- . � , Harardous Substanccs on or in the Propetty. Borrowcr shall not do. nor allow anyone else to do. anything affecting the �
<br /> . ' • Property that is in violatiun of any Environmenta] Law.The preceding two sentences shall not apply to the presence.use.or
<br /> . '. � storage on the Property of small quantities of Hazardous Substances that aze generally recogniiecl to be approprlute to normal •,•,
<br /> - `. `., ce�idcatial uses and to snaintenance of the Pmpeny
<br />. . , .� Paqe 3 oe a Fotm 3028 9I90 ..
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