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<br /> � �ubstuntiully equivalent martguge insurance coverage is not uvailuble, Borrower sh,dl puy tu l.ender cach munth a sum cy�al tu
<br /> one-twelFih of the ycurly mortgage insumnce premium beinh puid by Ruranver whcn tl�e insuranrc rnverugc lupscd ur cca�rd ta
<br /> be in effect. Lender will uccept, use urul rcu�in these payntentti as u losti reservc in lieu uf mortgage in�urc►ncr. Lo�s rctierve
<br /> paymcnts muy no longcr txt rcquired. at thc option of L.cndcr. if m��rt�ugc insurancc covcragc lin �hc��muunt aml fu�•thc peri�xl
<br /> thiU I.ender requires) provided by an insurer nppraved hy l.ender agc+in becomes avuilubie.►nd iti uhtuincd. Hurruwer sh�dl pay
<br /> Uic prcmiuni�r.yuircd to maintain murtgugc insur�mcc in efl'cct.nr tu pn,vidu u lu�.rcrcrvc. until U�c rryuir•rim:�it far mc�rtb,igc
<br /> in+uruncc cn�ls in uccurdunrG with nny writtcn ugrccmcnt bctwccn Burruwcr and l.endcr ur applirublc luw.
<br /> 9. Inr�pccNun. l.cndcr ur its.+hcnt may makc rcu5onablc cntrics upun aad inspections nf thc Pn�perry. I.cndcr shall �ivc
<br /> &�rcowcr nuticc.►t thc timc af��r priur w im inspccdon spccifying rcationahlc cuutic fur thc ins�kctiun.
<br /> 10. Condemnation. Thc procccds of any ci�vnrd or claim ti�r duu�ubcs, clircct or cimscyucutl;►I, in c��nncc►imi w�t�i cmY
<br /> coixlcmnati��n or othcr uiki�ig ul'imy part i�f thc Pruperty. or for cunvLyuncc in licu�►f cundcmnutiun. arc hcrehy atisignrii nnd
<br /> shnll t�paid to I..cndcr.
<br /> In the rvem ��f« totid takinF of the Properly,the pr��cec�ls shull be npplied to the tiums secu��ed by thi+Security Insu'ument,
<br /> wl�cthcr nr m+t thco duc, with uny exccti.paid tci Bnrrowcr. In thc cv�nt of u partinl tuking��ti�hc k'ruExrty in wliidi tl�c fuir
<br /> market valuc nt'thc Praperty immediutcly bcforc thc tuking is cquul to or greatcr than thc amoum nf'thc sums sccured by this
<br /> Securiry Intitrument immcdiutcly bcfore the tnking,unless Borrowcr and l.cndcr atherwitie ngrcc in writing, the.ums ,ccun�l by
<br /> this Sccuriry Instn►mcnt shall bc rcduced by tl�c uniount uf thc prcxccds multiplicd by thc fullowing fruction: (u)thc tntul
<br /> umoui►t af thc sums secured immcdiately bcfore the taking, dividcd by(b) thc fuir murket valuc of'the Property immcdiately
<br /> befure the tukins. Any balunce shall hc patd tn Borrower. In the cve»t of a purtial t.�king of thc Pmperty in which thc fi�ir
<br /> markct value of'thc Property immediatcly hefore thc taking is Icss than the amuunt��f thc sums�ccured immc�tutcly beforc the
<br /> taking. unle�s Borrower and[.cnder othenvise agrec in writing��r unless applirable luw utherwise proviJcs, ih�pruceeds shall
<br /> be applied to the wms securai by this Sccurity Instn►ment whether iu not the sums are then due.
<br /> If the Pm�rty iti i�bandoned by&�rruwer,or if,after notice by l.ender to Burruwer that the conJemnor nffers tc�make un
<br /> award ur settle u cluim for damages,Borrower Puils to resp�md to L.ender within 30 duys atter[he date the notice i, bivcn.
<br /> [.endcr is authuri-rxd to callcct and apply thc proceeds,ut its option,cither to restoratlon ar repair of the Property or to the sunzs
<br /> secured by this Security Instrument. �vhether or not then due.
<br /> Unlcss I.ender und Borrower otherwi5e agrce in writing. any applicntion of procccds to principal shall not extend or
<br /> postpartc the due dnte oF thc monthly payment�refened ta in puragruphs 1 aad 2 or chunge the amount of such payment�.
<br /> 11.Borrower Not Rcleased;Forbearance By Lender Not a Waiver.Extension of the time far payment ur modi�cation
<br /> of amortization of the sums secumd by this Security lnstrument grante.d by L.ender to nny successar in interest of Borrowcr shall
<br /> nut operote to rclease the liability of tha original Borrowcr or Borrowcr's successors in interest. Lender shall not be reyuired to
<br /> commenee proceedings against any successor m interest ur refuse to extend time for payment or othenvtse modify amortizution
<br /> of the sums securcd by this Security Instrument by reason of uny demand made by the original Borcower or Borrowcr's
<br /> successors in intei�est. Any forbearance by L.endcr in exercising nny right or remedy shull not be u waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12. Successors and A.cslgns Bound; Joint and Several Liabiltty; Co-signers. The covenants and agreemcnGS af this
<br /> Security Instrument shall bind and benefit the successors und assigns of Lender and Borrower, subject to the provisions of
<br /> pamgraph 17. Borcower's covenunts and s�greements shall be jaint und several. Any Borrower who co-signs this Security
<br /> Instrument but docs not execute the Note: (a) is co-signing this Securicy Instrument only to mortgagc.grant and canvey that
<br /> Bottowcr's interest in the Property under the terms of this S�curity Instrumenr (b)is not personally abligated to pay thc sums
<br /> ;;�-tsr�.ci by it;;s vanris°lnstrtement; ans! {c?agrcr��hat f.�nder ond any ather Bonower muy a�ree to extend.mociify,forbear or
<br /> make any acconutiodat�ons with regard to the tetms of this Security Instrument or the Note wtthout that Borrower's consent.
<br /> 13.Lopn Clwrqes. If the loan secured by this Security Instnrmeut is subject to a law which sets maximum loan charges.
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to be collocted in connection with the
<br /> loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount nxessar}+ to reduce the charge
<br /> to the pennittal limit;and(b)any sums already collected from Borrower which exceeded permitted limits will be refundal to
<br /> Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> payment to Borrawer. If a refund mduces principal, the rcductian will be treutcd as a paniat prcpaymen[ wtthout eny
<br /> prepayment charge under the Note.
<br /> 14.Notices.Any notice to Borrower pmvided for in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first closs mail unless npplicable law requires use of another method. The notice shall be directed to the Property Address
<br /> or uny other addrcss Bonower designates by notire to Lender. Any notice to Lender shall be given by first class rnatl to
<br /> I.,ender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> Security Insttun�ent shall be deemed to huve 6cen given to Borrowcr or Lender when given as provided in this paragraph.
<br /> 15.Governtng La�►v; Severabiltty. This Security Instrument shall be governed by federal law nnd thc law of the
<br /> jurisdiction in which the Prope� is located. In the evcnt that uny provision or clause of this Security Instntment or the Note
<br /> canflicts with applicable law.such conflict shall not uffect ather provisIuns of this 5ecuriry Instrume�n or the Note which can be
<br /> given effect without the canflicting provision.To this end the pmvisions of this Security Instrument and the Notc are detlured
<br /> to be severable.
<br /> 16.Bocrower's Copy.8onower shall be given one confomxxl capy of the Note and of this Securiry Instrument.
<br /> 17.Transfcr of the Property or u Beneficlal Interest in Borrower.If all or any pnrt of the Prope�ty or any interest in it
<br /> is sold or transferced(or if a beneficial intcrest in Borrawer is sold or transferred and Borrower is not a natucal person) without
<br /> Lender's prior written consent, Lender muy. ut its option, requirc immediate puyrnent in full of all sums secutcd by this
<br /> Securiry Instrument. However,this option shall not be exercised by Lender if exercise is prohibited by fede��al law as of the date
<br /> of this Security Instrument.
<br /> If I.ender exercises this option,Lender shall give Bomowcr nottce of acceleradon.The notice shall provide a period of not
<br /> less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this
<br /> Security Instrumcnt. If Borrower fails to pay thesc sums prior to the expiration of this period,I.ender may invoke any remedies
<br /> pernutted by this Security Instrument withnut further notice or demand on Bomawer.
<br /> 18. Boi�'ower's Right to Rtlnst�te. If Borrowet meets cerutin conditions. Bonowcr shall have the right ta have
<br /> enforcement of this Security Instrument discontinuod at ttny time prior to the eurlier of: (a) 5 days (or such other period as
<br /> applicable law may specify for reinstatement) bcfore sale of thc Pmperty punuant to any pnwer of sale contained in this
<br /> Security Instrument;or(b)entry of a judgment enforcing this Securily Instnmient.Those conditions ure that Borrower: (a)pays
<br /> Lender all sums which then would be due under this Security Instrument and the Note us if no acreleratian hud occurrod; (b)
<br /> cures any default of any other covcnsnts or agrecnients: (c)pays ull cxpcnses incurred in enforcing this Sccuriry Instrument.
<br /> including. but not limited to, reasonable attorncys' fccs:tuid(d)tukcs such action us Lcndcr may rcasonubly require to assurc
<br /> that the lien of this Security Instrument.Lender's rights in thc Propeny and Borrawer's obligation to pay the sums secured by
<br /> this Securiry Instrument shaU continue unchanged. Upon reinstatenient by Borrotiver, this Sc:curity Instrument and the
<br /> obligations secured hereby shull remain fully effective as if no acceleration had occurral. However, this right to reinst;ite shall
<br /> not apply in the casc of ucccicration undcr parc�graph 17.
<br /> _�r �__.t� �rL., wt..... .. .....a:..l .,�ow.�•r :n �ha Nntn ltnvrthAr�ui�h thlf $CLlIiIIV
<br /> IY. .�iIC OI 1\UIC� l.tdittge v� a.ivnit ocR��tca. :u� .. u p.....w :..........� ... ..'_ "_" �'_p""';
<br /> Instrument)muy be sold onc or mom times witt�out prior notice to Borrower.A wle may result in a changc m the entity(known
<br /> - �s the 'I.oan Servicer")that collects mnnthly puyments due under the Note and this Security instniment.There alsc�muy be�ne
<br /> or morc chnnbes cf thc Loan Scrviccr unrelated to�sale of the Notc.if thcm is a change of the Loan Senricer. Borrower will be
<br /> given written nutice of the chunge in ae:cordance with paraFraph 14 ubave und applicable law.'Che notice will state the r.ame and
<br /> address of tlie uew Loan Servicer and thc address to which payments should be made.The notice will :tlso cont��in any ather
<br /> informatioa requircd by upplicable law.
<br /> 20. Hocardous Substamces. Borrowcr shall not cauae or {xrmit the presencc, usc, disposal, storagc, nr rclease of any
<br /> Huzanlous Substanccs on or in the Pmperty. Borrowcr shall not do, nor allow anyonc else to do. anything afferting the
<br /> Property that iti in violation of any Envimmnental L;►w. The pmceding two sentences shull not apply to the pm�;ence,use. or
<br /> titor.+ge on the Propccty uf small quantities of H,�rdous Substanceti that ure generully recogniud to be appropriate to oorn�al
<br /> residential uses and to maintenancc of thc Property.
<br /> Pepe 3 0l 4 �O�I'1)3028 9��
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