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<br /> substantWly equ M�Y�ZZRY IB 1{pt�VaIIAbIC, Borrower Khall pa y l0 L.GIKIt�GICII till)I11I1 A gU111 OQUII�(U
<br /> one-twelRb pF mort�.� Aremiu bein�paid by 8ormwer when the insurnnce coverage lopsed or ceaaed to
<br /> be.jp effect.Ls r . p�n, yments ay w lo� reserve in lieu of mort�n�a insurrnce. I.oss rcaerve �
<br /> wy►���s�+y .up��l.encier, if monQa�e insura�xc coverwYc(in�he wnxwnt and far the perial
<br /> that lxtder requirca)prov' by�n insurcr�tp�xovod by Lender�pain bocomes avallable a��i iR obiwined, Bc�rmwer xhall pay �
<br /> the prcmiume required to rn�lntain mortQye inwnnce in effect,ur ta pmvick N los�rexerve,undl the reyuircmtnt for mong��e�
<br /> insunuxe erd�in recorclance with�ny wrilten a�rcemeM between Borrower and l.ender nr applicMble iww.
<br /> 9.Inpecdon. Leneier or its aQent rrwy m�ke rcaaonable entries upnn and inspections of tlx Prc�perty. [.er�ler sh�ll givo�"�
<br /> 6k�rcower noticx u the time of or prio�to�n inspeetion�pecifyM�ra�on�ble cause f��r the Inapocticxi.
<br /> 10, Condann�tlan. 'Ih� pmcoecls oF uny�wqrd or cl�im �i�r dwmrYes, dfrect or conseyuentiul, in cunnection with any
<br /> ouucJenuwtiun ur other trlcin�of�ny p�rt of tFx Propeny, or for c�nvoyr�xx in lieu of cornfemnaUun, arc hereby wulaned and�
<br /> �hall be paid u�Lender.
<br /> In the event of�touil uking of the Property,the proceeds shrll be sppUed�o!he sums securod by Ihis Sauri�y Instrumen�,
<br /> wt�etlier or not then due, with any excesap��d to&�rrower, in the event af a paniAl t:►king of the Prnpeny in which the fair
<br /> m�rket vdue af the Property immodi�lely beforo the t+ikinQ is equ�l to or greater Ihan the amount of tht sums securcd by this
<br /> Security Instn�mrnt immaiitlel,y beforc the taking,unlcss Horrower u�d Lender otherwiyc agnr in writing,�he sums securcd by
<br /> this Socuriry Inurument sFull be roducod by the amcx�nt of the prcx�eeds multiplied by the following fnction: (a) thr toW
<br /> orraunt uf thc sunts secural immeJi��ely Ixfane thc taking,dividod by (b) the fair market value of the Pmperty imruodiuely
<br /> beforc the �aking. Any l+alMae shall be p�id to Borrawer. In the event of a panial �aking of the Propeny in which thc fur
<br /> rtu�ricet vnlue of the Property immodiwtely befon the wking is leu than the amcwnt of the sums sccurcd immedi�tely before tAc
<br /> taking. unless Bnrrower u�d L.erdar otherwise agrce ln writing or unless applicable law otherwise pmvides, the proceeds shall
<br /> be q�plied to the sums socurod by thir Security Instniment whether or not the sums are then due.
<br /> Tf the PtopeRy is nbaandoned by&�rrower,or if,after notice by l.ender to Borrawer that the condem�or offers to make w►
<br /> aw�rd cx seWe�claim for d�u�u�es, &xrower f�ilc to ree{�ord w Lender within 30 day:after the date the nollct i��iven,
<br /> Lender it awhorimd to oollect�ud apply the prooeeds,u ita optioa.either to reuontion or ttp�ir of tlie P�+opeKy or to the auna
<br /> sacurod by this Securiry Instmmau,wh�drcr or rat then due,
<br /> Unks� La�der and Borrower otherwise agree In writing, any appliention of procoeds to principal shall not extend or
<br /> po�one the due date of the monthly p�ymenta nfertrd ta inpang raphs 1�d 2 or change the�moum of such p�ymenta.
<br /> 11.Nornower Nat Rekased;Forb�arance By [.a�der Not�Wsirer.8xte�sion of the time for paym�nt or modific�tion
<br /> of m�nization of the wms bcured by this Security Instrume�t grantod by I.ender to any suoceswr in intereat of Borrower itWl
<br /> not opes�te to relase the li�bility of the original Bormwer ar Borrower's successcirs in intercst. Lenckr shall iwt be rt4uirod to
<br /> oonuntnce proceatin�s againct any suarssor in intec+at or rcfuse to extend time for p�yment or otherwise modify arnortiz�tion
<br /> of Ibe sums aecwc�d b� this Security Instntment by rer.gon of any demand made by the originrJ Bc�rrower or Borrower':
<br /> sucaswrs in imeroat. Any forbarana by Lender in exerci�ing any right or remody siWl rat be a wttiver of or proclude the
<br /> exa�cise of any right a remedy. .
<br /> 12. Srouwo�ra aed � Bound;.loint �nd 3erenl Llability; Co-ei�neis. The oovenqnts ard agreementa of this
<br /> Security inun�mau shall bind and b�arfit tha sucaaeora ud aaaigns of L,ender and Borrower. subject to the proviuons of
<br /> p�r�grapli 17. Borrc>wer's onveiwiks �rd agrartkMs sf�all be joint and several. Any Aorrower who oo-sig� thia Sacurity
<br /> Inwamarc but�oes not exeaee tl�1VOte.;(a) le arslgning ttu�Jecurity IottrumeM oNy te moAgaae, Bnnt �nd oanvey th�t _
<br /> Bortowa's intemt in the Propaty under the terma uf this Security InstrumenR;(b)is not penonally oblig�ted top y the eums
<br /> aewrod by Wis Security Lutwnau• and(c)agrea that[.ender arni any od�ar Borrower may egra to exeend,modify,forbear or
<br /> ' �aYt an�E�000nunod�tions with re�tatd to the te�s af this Securiry Inetrumcnt or the Nott witMut th�t Hotrower':caae�e�x.
<br /> b3,�i,o�u�Clu�r'tea.If 11�kw►aecuned bx dus Socuci�jr Tiaatntmrnt is subject to�latv which sets mwmum law�cl�atsea.
<br /> ufd that law is finally interpeted;io that the iaterest or other,luan chargea rnllqcten or co be qouertay �n oonnecnon v►itn Ne
<br /> loon qxf fed tbe pe�mittod liouts,dich,�(a)anY such lou�cherge,shall be rodttced by the uuount to roduoe the ch�r�e
<br /> � -. to the perciuttod limit;and (b) any sums �lrady collected from Borrower which exceedod pecmitt�s will be retunded to
<br /> . ��. Bonow�a. l.er�der may chooee to mdce this r+efund by raJucing the pnNcipal owed u�der the Nae or by m�kiu� a direct
<br /> , ,' p�yment to Borrower. If a refund reduces principrl, the roduction wi�i 6e treatod as a p�etial pe�tpayma�t witbout any
<br /> P�'�P�Ymmt c6ar�e wder the Note.
<br /> � 1,4.NMloei.Any notia to Borrower provided for in this Securiry Instrumart slwll be�iven by deliverin�it or by m�ilL�
<br /> it by firrt cla�e mtil unk�s ipplipble law requira use of another medwd. The notice�full be dira�tal to tbe Proparty Addteu
<br /> or aoy o�et addresa Bort+ower deaigmte�by notice to Lender. Any riotia to I.rnder shall be `iven.by Firat dass m�il ro
<br /> I.endrr't addrcss sta¢ed herein or�ny other address Lendec desiQnata by notice to Borrower. My notive,providod fa in thu
<br /> Security Instrument shall be derrned'to have boen�iven to Bomower or Lendec whrn given as provldad in�i:par�raph.
<br /> i�.Go�er� I,�w; StrawF�illtv. Thi� Socuriry inatrument �shall be �overned by federal I�w ud the law of the
<br /> juri�dktion in which the Praperty is la�cated. In the evrnt that any provision or clauec of.tA9s,Securiry Inetruc�os Ihe Note
<br /> , . oo�rtlicia with spplicabk law,wch oohflict shall not affect otl�er provisana of this Security�irtstrumcnt ar tlar.�!{ole;which an 6e
<br /> `iven ef'fect witiaut trie aon0icting provision. Tu this end the provisions of this Savrity Tnstrurr�a�d,tlie.;l!�ote are declared
<br /> ' to be�everablo.
<br /> ' lf.�on+�rer's Cqry Borrower stnll be given one oonformed copy of thc Note and uf this Secur�ty Xn�tiument.
<br /> 17.Trawfa of tre Property or a Ba�eAcW Ieterest in Hore�ow�er.If all or any part of the Pmpei�t��or any i�MereK in it
<br /> ia x;ld a tr�farod(or if a beneficial intereat in Borrower is sold or truuferrod and Botrower ia not a naluni perwn)without
<br /> Lcnder't prior wriuen oon�mt. [.c:nder m�y, a1 its option, requiro inunediate payment i�a;full of�II sunu secu�ed by tltis
<br /> Security Iedwn�ent. Howeva, thie.option�hall na be exercised by LerKkr if exerciye is prohibited by fqdc�l I�w ae of the date
<br /> of tLis Security Imtntmait.
<br /> If Leader acercisa this option, !.ender shall give Borrower natia of aaxleruion.The notia shall ptovide a period of not
<br /> le�s than 30 daya fiom the d�tc Itw ratia ia delivercd or msilod within whid► Borrower must p�y all surm xa►rod by thio
<br /> Security Instnutxnt. Tf Horrower f�ils to p�y thae surt�prior ta tha expiration of thia period,Lender may invdce aay raaedia
<br /> permitted by thi:Secnrity I�atrumcitc.without tLrcher�atice or ckmand un Horrower.
<br /> 1!. Barrowar•s Ri�t to Reirdate. If Horrower mxts certain conditions, Borrower slwll h�ve the right to luive
<br /> rnforcemrnt of tfiis Savnty Instruma�t disoontinuod at�ny time prior to the eulier of: (a)S days (ok such other period u
<br /> �pplicable law rtuiy specify for rein�utement) beforc e+de of the Property pursuant to any power af niik cont�inod in ttu�
<br /> Security Instrumpit:ar(b)axry of a judgment enforcing this Securiq Instnunent.Thoee cadiaons are`tllat Borrowu:(a)papa
<br /> Leoder all sums which then would be due under this Securiry Instrument and the Note as if no acceleration htni oavrrod: (b)
<br /> wr�a any default of any other covenams or agroanents; (c)puys all expenses incurnal in enforcing this Securiry [nstrument,
<br /> including, but not limitod to,rcasonpblc mtorneys' fees; and(d)tafces such xtion as Lender may reasonabty requirt to aasure
<br /> that�he lien of this Socurity InstrumeM, Y.tnder's rights in the Property and Borrowcr's obligation to pay the sum�sxured by
<br /> this Security Instnunrnt sfull continue unchnnged. iJpon reinstatement by Borrower, this Security tnstniment and the
<br /> oniigetions securoa nerehy �ui� �main ruiiy erncuve u�t no acceiention naa occumai. However, teis ngnt to rciNaa�e seaii
<br /> not�pply in the case of aoceleratiun unJer paragr�ph 17, �
<br /> 19. Sale of Note; CWoRe of La�n Serviar. The Note or a p�rtial intercst in the Notc (together with this Security
<br /> Instrument)may be sold one or rrarc times withaut prior nwict w Borrower. A sale rruy result in a change in the entity(known
<br /> ac the"I.o�n Servioe�')tluu mllec►s itnnthly paymenta due under the Note ar�d this Security Inurument. There also mey be one
<br /> or morc changes oF the Loan 5ervicer unrelued to a sale of the Nae.if there;s a ch�nge of the[.cwn Servioer, Horrower v►ri8 be
<br /> given written noticc of the ch�nge in xccordance with paragreph 14 above and applicable law.The rwticc will state the nune and • -
<br /> ddrcss of the new t..oai Servicer and the addross to which payments should be�nade. The notice will also contain any aher
<br /> infornwtion requiroci by upplicAble luw, .
<br /> 20. HazardouK 5ubr+tann�. Horrower shall not caux or perniit the presence, usr, disposal, storage, or rcle�se of�ny ,
<br /> Hatiarcicws Substauxrs on or in thc Prc�perty. Borruwer shall not do, nor allow anyune else to do, any�hiryq affocting the
<br /> Prvperty that is in violuion oP uny Environmentd l,aw. 'i1u precafing two sentences stu�ll not apply to the praerKY, use, or
<br /> sto�sge un thc Pn�peny of�mall quaruities of Huani�ws Subu�ixcs that aro gerxraUy rccognizccl to be appropriate to nornul
<br /> residential uscs wxl to maintc�wrxx of the Prope�ty.
<br /> vpo�o�• FOIrtI 302C Y/10
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