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<br /> wbstantidly eqriv�ient mort�age insurance coverage iF nat av�ilnble, Bonower shall pay to Lender cach month a sum oqual to
<br /> . one-twq�@h of the yarly mortga�e fnauru�ce premium being p�id by Borrower when the insurance coverage lop.tiod or ce�ed to
<br /> be in ef1'ect. I.ender will accept,u�e end retain these payments ac a loss rexrve in lieu of mongage insurance. L,ass rexerve
<br /> py�menis er�y no longer be roquired,at the option of Lender,if mortgage insurence reveragc(in the amount and f'or the pericxl �
<br /> th�t Le�xler requiro�)provided by An inaure�approved by L.ender again becomes available and is obtainod. Aorrower shall p�y
<br /> the prcmiums roquircd ta m�intain morig�ge insurance in effcct,ar to provide a loss racerve,unlil the rcqulrement for mortg��e �
<br /> inwr�nce enda in accordu�ce with nny written Agrcement betwan Borrower and[.ender or applicable law.
<br /> 9• Impectba. I.�nder or its agent may ncwke reasoneble entries upon and inspections of the Property, l,ender ahall Qive �i
<br /> Borrower nolia at the time of or prior to An inspectlon specifying reasonable caux for the inspection. �
<br /> 10. Cooderntuitbn. The proceeds of any eward or claim for damages, dircct or con.sequential, in connec�lnn wilh any
<br /> condemruttion or other taking of any part of the Property,or for conveyance in lieu of condemnntion, are her�by rssiynu!�ux! �
<br /> slull be paid to i.ender.
<br /> ln the event of a total taking of the Property, tbe proceocis shall be appliod ta the sums socured by this Security Insaument,
<br /> whether or not then due, with any excesspa id to Borrowcr. In the event of a partiul taking of the Property in which the fwir
<br /> muk�el value of the Property immaliately befora the taking is equal to or greater than the amount af the sums sesurod by thi�
<br /> Securiry Instrument immodiately befora the taking, unless Borrower and Ixnder otherwise agra in writing, the sums securod by
<br /> this Socurity lnstrument shall be reduced by the amount of the procads multiplied by the following fraction; (w) the to��1
<br /> �mourtt of the sums secured immediately before the taking, cliviilal by (b) the fair market value of the Property immediately
<br /> before the talcing. Any balance shRll be peid to Borrower. In the event of a partial taking of tho Propaty!n which the Fdr
<br /> muket valuc of the Pr�operty imrnt�iiately before the taking is less than tha�maunt of the surns securod immedlstely 6efare 1he
<br /> Wcing, unless Borrowor,,nnd Lender otherwise agree in writing or,unless;�pplicabla.lew otherwise prnvides. the proca+ds shal�
<br /> be epplied to the sums se�prod by this Securiry tnstrument wheth.er or uot,thesiUms a�e 4hen clue.
<br /> If the Property is nbarxioneil bp Borrower, or if,aftor no[ic"e.6y l�ender ti5 Borrawcr that,the condemnor oRcrs to mxkc�n
<br /> awu�d or settle a claim for damages, �onower fails to respond.ta Ixnder �thin 30 days after the dAte the notice is�iven,
<br /> l.ender is authorized to collect and stpply the prc�ce,ods,at its option,either ta.�cstarati�n or repair of the Property or to the sums
<br /> socunod by thls Security Instrument;whc�hcr as�naY then di�c. ••
<br /> Unless Lender and Aorrower otherwisc'a�ree:in writing, any applic�tion of procads to princ;ipd sh�ll rwt extend or
<br /> patpone the due due of the monthly paymtnts referted to in paregraphs l and 2 or change the amount of auch p�yments.
<br /> . 11.Borrower Not Rdea+�ed;ForbearanNe�ty I.ender Np1 a Waiver.Extension of tht time for payment or modification
<br /> of urwrtizetion of the sums socurod by ihis Secu�ity Instrume�t grantai by Lender to any sucerssor in intuest of Borrower aFWI
<br /> not olxrate to releau the liabi(ity of.the original Borrower or Borrawer's successors in intcrcst. I,ender sFull not be royuired to
<br /> com[�chce procoedings against any succ�uor in intercst or refuse to extend time for payment or otherwiae modify unorti�tion
<br /> �f thi+�sums savred by this Security Instrutqent by rexcon of any denwnd rnode by the originel Bom�wer or Borrower's
<br /> suaescors in interat. Any forb�earaqca by Lender in eaercising any right or romedy aFwll not be a waiver of or proclude the
<br /> eu�i�e of any ri�ht or runedy.
<br /> 12. Swooea�on iad A�n9'�ound; Jdnt aarl Several Liabllity; Co-el�ners. Thc covenanta and agroeme�►ta of thii
<br /> Soauity Inatnmtient st�rll bind anc{.1#enpfit the succes.cors rnd�ssigns of Lender u� Horrower, subjocx to the provitiaru of
<br /> pmgr�ph 17. Borrower's eovenanfs and agrxments ahall be joint and several. Any Borrower who co-aigna thio Secvdty
<br /> Imnimnt but does nnt execurr.t1� Nrur: !a!ls'co-si�niag �his c�rity Ls:-umen: oal�sa srart�c, �r„-�.«�,�coiiver iiMi
<br /> Barovrer'r interest in the Property under the terms�of this Security Instrument• (b)is not penonally oblig�ted to p�y the wmt
<br /> aaurod by this Socurit�Inawment: �rd(e)ogr�ecs.that Lender md any other Borrower m�y.ogra to extrnd, modify forbqir or
<br /> m�ke mty;ocoonunodations with regArd to the teri�'of this Sa,wiry Instrument or the Note wj�thout that Borruwar'a rno�pit.
<br /> 13. I_,ptn Clwrsedt,lf the loan sxurod by this.Security�nstrument is subject to a law,�yhich sett muitrwm lan ch�rea.
<br /> �u.i u,a1 i;iw is nneiiy isxerprecai aio iiw�uar inier�e's�or o[ixr ian cnarges collectad or ro be coUxtod in oomection with the
<br /> lan exoead the permilled Ilmits. then: (a)any�uc•h 7oan chArge shal! b�reducxd by the amount nec;essar�to redua the d�ar��
<br /> [o t6e permitted limit:�'iud (b}sny surna�Irady collected frorn Borruwer which exceeded pecmittod Ilrtuta will be rcfunded to
<br /> Aarowa. l.ade�r may choore b make this refund by roducin� the pdncipd owed urda U�e Note or by m�kit� a dlroct
<br /> p�yrtiaK w 8omower. !f a refund..reduas principql, the r+eduction will be trated us a putial pe�ymp�t without arty
<br /> p�Y���wder the Note.
<br /> 14.Notloer.My notice w Bomower providad for in this Securiry Instrument ahall be given by ddivering it or by miilin,g
<br /> it by firct clau mail unleas applic,�ble law royuires uue of another method. The ratice shall be dinxted to the property Addrpa
<br /> a my atder addre+s Borrower desi�nstea by notjoe to Lenda. My notice to La�du ahall be givea by fint clns mail to
<br /> i.ade�r':�ddrar atated hercin or any other�ddross I,ender desisnetes by notice to Bort+ower. Any notia provided for in this
<br /> Savricy�Imwmnt slwll be deemed to have ban given to Hnrrower or I.ender when givenas,provided in this pra8nph,
<br /> 1S.'Gm'ende� i.�w; Severabidty, rhis Security Instrument sfWl be governed by fedenl I�w �nd the law of the
<br /> juri�diction ia which theE+rop�y�s locata�. In the tvent that �ny provision or clwatie of thia Security Inetrumait or the Note
<br /> oa�dlicts with�pplicabte Ixw,-wch conflict shall no�affat other pmvisions of this Security Instrument or.the Note whlcfi qn be
<br /> givai ef�ct witho�t th�,.conflicting provision.To.ifiis end the pmviyions of this Socurity lnscrument�ni��the Nae ue declarod
<br /> to be seva�bk.
<br /> 16.Eorrower'�Copy Borrower,thall be given one amformed copy of�he Note and of this Securiry Lutrument
<br /> 17.'Madrr of tbe p'roperty or.�Bp�eflclrl L�terat in Borro�►er.If dl or any pa►t'af,tht Propetty or�ny interat In it
<br /> is aki or transferrod(or if a beneficial mtercst in.}brrower is sold or tnu�sfemed and Sorroiver is rqt a p�tura!pcnon)without
<br /> L.ender's prior writtm rnman. Lu�der nwy, it its option, requirr immediatc peymait in full of ail s�(rns secured by thii
<br /> Sacurity Instrument.However,this option shall no.t,be exercised by Lender ePczsrcise is prohibited by fedenJ law aa of the dak
<br /> of this Socuriry Inatrument.
<br /> !f'C.tndu exerci�ea this option, Lender shell give Borrower:►atia of ecaleration. f}�e.notia stiall provide a paiai of not
<br /> leu than.30 daya from the d�te t►�e'notia is deliverod or ma•ilcd.within which Horrc„aer miiat p�y dl aums sccu�ed �y this
<br /> 5e�urity�lnatrumrnt.If Borrower faila W pay these sums prior t�Ibe exqr�rtMai�.of thia periai, Lencfer may invoke any renx�diex
<br /> peroutted by this Securi4y Inatrumrnt without further nMice or demand on J�iitro�+er.
<br /> la. Borrower�s 1i�ht to Rddtate. I�' Aorrower mxts certain cqndii�una, Borrower shnll luve the ri�t to have
<br /> es�fu�nent of this Soqutity ImuruRtent discontinual rt any tulx pn� or to'the'earlier of;.(a) S days (or auch othu period �
<br /> applicwble Isw may spaciFy For refns(atrnxnt) before sale of.the;Propeny pivauant to .pny �puwer of sale containai in this
<br /> Suurity Instrument;or(b)entt�+of.a judgnxnt enforcing this,5ecurity instrunxnt.Thox conditions are that Borrower:(�)payR
<br /> L.e�der nll sums which;then.woa�d b'w due urxier this Securily,lrostrument a?icl�the Note As If no acceleratlon h�d occurrad; (b)
<br /> cura any default of any'other covenants or a�rixments; (c)pays all expenses incurrod in enforcing:thls Security Instrument,
<br /> including, but nut limited to, rcasonable atrorney�' fas; and (d)takcs sueh.action as L.endtr may reaaonably roquire to assurc
<br /> that tt�e lien of this Se¢urity Instnunent, Lender's rights in the Propeny suxi Borruwer's obligation to pay the sums secured by
<br /> this Socurity Instrument shall continue unchanged Upon reinstatement by HorroweX, this Security Instcument and the
<br /> O�I�IiILIAtLL AECl1eM��rr�fv chnll �rmnin 11�IIv..fF..nf:u�u :f.v....wl.w�:....1.e.1..........r.l V... �L.___�... .
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<br /> not ipply in the case of acaleration under peragraph t7.� •v W"v ~
<br /> 14. SNe ot Note; Cha�qe of LoNn Sawicer. The Ncxe or a partial anterest in the Note (together with this Security
<br /> [nstrument)rru�y be sold one or morc times without prior notfce ta Bonrower. A�sale may result in a change in the entity(known
<br /> as the "Loan Servicer")th�t collxts monthly peynknts due under the Note ond this Security inst�ument. There also rru�y be one
<br /> or mo�changes of the Lo�n Servicer unrelated to a sale of the Note. If there is a chenge of the Loan Serviar, Borrower will be
<br /> given written ratice oF the change in ucmrdena with paragraph 14 ebove and applicable law.'i'he notice will state the►iame rud
<br /> addrcss of the new I.oan Servicer and the address to which payments should be rrwde. 'I'ho notice will also contain�ny other
<br /> infomiation roguircd by applirable law.
<br /> 20� f�azardous Sub�tancGS. Borrower shu11 not cause or permit the prescnce, use. Jisposul, storage, or rclease of any
<br /> I-Caurdous Substances on or in the Property. Borrower shall not du, nor allow anyone else to do, nnything affxting the
<br /> P�operty th�t is in violation of�ny Environmental Law. The precaiing two sentenas shall not apply to the presena, use. or
<br /> stotigo on the Property of snwll quantities of Hazardous Substances that are gcnerally recogniraci to be appropriate to ramwl
<br /> residentiui uses and to nwinten�uice of the Property.
<br /> PWe 3 011 � RORR����/�
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