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<br /> ' substuntially eyuiv;tlent mortgnge insurancc covcragc is not avuilublc, Born�wcr tihull p�ry to l,c:ndcr ench month u sum cyual ta '^ ��':f
<br /> cme-twelfth of thc yeurly morigu8e insurance premium being paid hy Borrnwer whcn thc insurancc covcruge lupxcd or ccnsccl tu
<br /> be in effect. Lender will accept, UtiC Atl(I fCtAlll[IIC+L'�:1y111CI11S Ati u loss reserve in lieu of' mortgi►ge insuraince. I.��ss reserve C�
<br /> paymcnts n�uy'po longcr bc rcpru�rcd, at�hc option of Lcndcr, if mortgagc insurnncc covcrugc iin thc amuunt unJ for tl�c peri�xi 00
<br /> thut Le�xler rcyuires)prnvidCQ by p�1 insurer upprovcd by Lendcr aguin becemxs avuilublc and is oluaincd. l�orrowcr shull puy �
<br /> thc prrijiiums rcquiral to maintain mortgasc insuraiicc in cffect,or to priividc a loss rescrvc,until thc rcyuircmcnt for mortgngc �
<br /> insurance ends in accorJance with uny written abreement between Horrower uixl Lender or uppliriible luw. �
<br /> 9. Intipxtlon. L.cnder or its ugcnl may inuke rcasonahle cntrics u{xm and ii�spections of the Pro�xrty. l.endcr shnll give
<br /> Barrowcr noticc ut thc timc of or prior�o an inspection�pccifying rcasonablc causc for thc inspcctiun. �
<br /> 10.Cundemnutinn. Thc proccede c�f nny awurd or claim for damugcs.Jircct .�r conscqucnti�d, in conncctian with any
<br /> condcnuiation or othcr u►king uf uny part .�(thc Properry, or for convcyance in I icu of condcmn��tiun. arc hcrchy ussigncd and � __
<br /> shull bc paid to L.cndcr.
<br /> In thc cvcnt of u total taking of thc Pro{x:rty,tlic pmcecds shull bc appl icd to ihc sums sccurcd by this Sccurity nstrumcnt.
<br /> whcthcr or not then duc, with any cxccss pa�d to Borrowcr. In thc cvcnt of a partiul r,�king of thc Property in which thc fuir
<br /> markct value of the Property immcdiately hcFore the taking is cqual to or�rcater than thc umuunc of tlic sums ,ccurcd by this
<br /> Security Instrumcnt immcdiatcly before thc taking,unlcss Borrawcr und I.,cndcr othcrwisc agrcc in writing, the sums securcd by
<br /> this Security Instrument shall bc reciuccd by thc umount of the p►'cxccds multiplicd by the following f'rnction: (u) thc totul
<br /> amount of the sums secw•ed immcdiately before the taking, dividcd by (b) the fuir ntarkct vuluc of the Property inuncdiatcly
<br /> befare thc tuking, Any bulance shall be paid to Borrower. In thc event of a purtiul �aking of the Properry in whicli �he fuir
<br /> market value of the Prope»y imnxdiatcly before the taking is less than thc amount af thc sums sccurecl immcdiutely beforc tl�e
<br /> taking, unless Borrower und Lender o�herwise ugrce in writing or unless applicable law otherwise provides, the prcxeeds shall
<br /> bc applicd to thc sums secured by this Security Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower,ar if,aftcr nnticc by L.ender ro Borrowcr thut thc a�ndemnar of'fcn to nu�kc an
<br /> awArd or setUe .+ cluim for darnages. B�rrowc;r fuils [o respond to Lendcr �vithin 30 days uftcr thc datc the noticc is given.
<br /> Lender is uuthorized to collect and apply the proceeds,xt its option, eicher to restoration or repair of the Property or to the sums
<br /> secured by this Security Ins[y�uinent, whetlier or not thcn due.
<br /> Unless L.ender and Borrower odierwise agrce in writing. any applicaiion of procecds to principal shull nnt extend or
<br /> postpone the due dnte of the monthly payrnents referred to in paragraphs I and 2 or change the amount of such payments.
<br /> 11.Borrower Not Reles►sed; Forl►earance By I.ender Not u Wuiver.Extension of the time for payment or modification
<br /> of amortization of the sums secured bythis Sccurity Instrument grnnted by I.endcr to �ny successor in intcrest of Borrowcr shall
<br /> not operate to release thc liabiliry of the original Borrower or Borrower's successors in interest. l..ender shall not bc required to
<br /> commence proceedings against uny suceessor in interest or refuse to extend time for payment or otherwisc modify amorti�,ation
<br /> of the sums secured by this Security Instrument by reason of any demand mndc by the original Borrower or Borrower's
<br /> successors in interest. Any forbearance by I.,ender in exercisins any right or remedy shall not be a waiver of or prcclude the
<br /> exerciseaf any right or remedy.
<br /> 12. Successors and Assigns Bound; Joint and Several Liability; Casigners. The covenants und agreements of t is
<br /> Security Instrument shnll bind and benefit the successors and assigns of Lender and Barrawer, subject to the provisions of
<br /> uara�raph 17. Borrower's covenants end agreements shall be j��n�c And several. Any Borrower who co-signs this Security
<br /> Instrument but does not execute ine i�uic; ia} is co��"s"ir.b .!:':.. �__�sr��y lnctrument only to mortgage, grant and convey that
<br /> Borrower's interest in the Property under[he terms of this Security Instrurnent; (b) is not personally obligated to pay cne sums
<br /> securedby this Security Instrurnent; ni�d (c)a�rees that Lender and any otherBorrowcr may agrcc to extend, mociify, forbear or
<br /> make any accommodations with resard to the terms of this Security Instruinent or the Note without that Borroa�er's consent.
<br /> 13,Laan Charges. If the loan secured by this Security lnstrument is subject to 1 law which sets maximum loun charges,
<br /> and that law is finally interpreted so ihat the interest or other loan charges collected or to be colleeted in comiection with the
<br /> lonn excced the permitted lim�ts,then:(a)nny such loan chargc shall bc reduccd by the amount necessary to reducc the chargc
<br /> to the per�iiitted limir, and(b) any sums alret�dy collected from Borcower �vhich exceeded pennitteci linuts will be rcfunded to
<br /> Borrow•er. Lender muy choose to makc this refund by reducing the principal owed under the Note or by muking a direct
<br /> payment to Borcower. If a refund reduccs principal, thc rcduction will be treated as x partial prepayment without any
<br /> prcpayment charge under the Note.
<br /> 14. Notices. Any noticc to Borrower provided for in this Sccuriry Instmment shall ba given by dclivcring it or by mail�ng
<br /> it by first class mail unless npplicablclaw requires use of anothcr method. The noticc shall be directed to the Properiy Address
<br /> or any other ziddress Borrower designates by notice to Lender. Any notice to Lender shall bc given by first class mail ro
<br /> C,ender's •rddress stated herein ar any other address C.ender designates by notice to Borrower. Any notice provided for in this
<br /> Security Instrumcnt shall bc deemed to have becn�ivcn to Borrower or Lendcr wlien given us providcd in tliis paragraph.
<br /> 15. Governing L�w; Se�•erablllty. This Secw•ity Instrument shall bc govcrned by fedcral law and thc law of thc
<br /> jurisdiction in which the Prope�ry is lacated. ]n the event that any provisian or clxuse of this Security Instrument or the Note
<br /> conflicts with applicable law. such conflict shall not affect other provisions of this Security Intitrument or thc Note which ca.n be
<br /> given effect without the conflictin�provision.To this end the provisions of this 5ecurity Instrument and.the Note are declared
<br /> ta be severablc.
<br /> 16. Borrow•er's Copy. Borrrnver sh;dl be given one conformed copy of the Note and of this Security nstrumau.
<br /> 17. Trarsfcr of the Property or u(iencficia!Lrterest in Borrower.If all or any part of thc Property or any intcrest in it
<br /> is sold or transferrcd(or if a bcncf icial interest in Borrower is sold or transfcrrcd and Borrower is not a natural person)wichout
<br /> L.ender's prior written consent, Lender may, at its option, require imrnediate payment in full of all sums securui by this
<br /> Sccuriry Instrument. However,this option shall not bc cxcrciscd by Lender if excrcise�s prohibited by federal law as of thc dntc
<br /> of this Sccurity[nstrumcnt.
<br /> If Lendcr cxcrcises this optic�n,Lendcr shaU givc Borrower notice of accelcration. The notice shall providc a peri o nut
<br />— less than 30 days frotn the date the notice is delivered or mailecl within whicii Borrower must pay ull sums secureci by this
<br />-- Sccuriry Instruntcnt. If Borro�vcr fails to pay thcse sums prior to thc cxpi ration of this period, l.endcr may invokc any remedics
<br />—_ penni�ted by this Sec�irity Instrument without further notice or demand on Dorrower.
<br /> 18. Borrower s Rfght to Relnstate. If Borrower mects certain conditions, Bnrrower shull liave thc right to have
<br /> cnforccmcnt of tl►is Sccurity Instrumcnt discuntinucd at any timc prior to the carlicr of: (a) 5 days (or such othcr period as
<br /> applicabl� I�jw m.�y spccify for rcimtatcmcnt) befure salc of thc Prop�ity purtivant ro any powcr of salc ccmtaincd in lhis
<br /> -- Sccurity Instrumcnt:ur lb)cntry uf a j uJgmcnt cnforring this Sccurity Inslmmcnt. "I'hosc ronditionr arc that Borrowcr: (.0 pays
<br /> �] Lcndcr all sums whicli then u•ou ld bc due under this 3ecurity I��s�all�ex t�ntics��i�currcd�in�cnforcing this Sccu rry Iii trumen)
<br /> cures any defewlt of�uiy othcr covcn3nts or agrecmcnts; (c) pay. P� �
<br />:�� including, but not limitcd to.rcasonablc attorncys' fccs; .uid (d) t.►kes tiu�h :.tction as Lcndcr may rcasonably rcquirc w assurc
<br /> i!� that thc licn oP this Sccurity lnstruntcnt,Lcndcr's rights in the Properry aixl Borrower's obligation to pay thc sums secured by
<br /> this Security Intitrument shall continue unchanged; Upon nrein;iat''nenthbd�Bcu cd�Huwever, thisyright[to�rc nstat�shall
<br /> obligations xecurcd h�rcoy snaii rcnkiiu iui�y���...,.....•...:. :...------
<br />:��. not apply in thc rasc of acccicr,itionunder paragraph 17.
<br />:� 19. Sale of Notc; Chaube uf Loun Scrvicer. The Notc or a panial interest in thc Nutc (togcthcr with this Sccurity
<br /> Instrwncnt)may bc solJ one or i�u�re times without prior noticc to Borro�+�cr. A sale may result in a changc in thc cntity(known
<br /> as thc"l.oan Servircr")that collccis monthly pay�ucnts duc undcr thc Nore und this Secw•ity Instrumcnt.'('hcre also may bc onc
<br /> or�norc rhangcs uf'thc Loan Scrvi�er unrcl�itcd tci a salc of thc Nutr.. If thcrc is a chan�c of tlic Luan 3crviccr, Borrowcr�vill b�
<br /> givcn���rittcn notirc uf thc rhan�:c in accordancc wilh paragranh'14;ihovc and applir.iblc la���.'Thc noticc�vill statc thc»amc and
<br /> address of thc ncw L.uan Serviccr and thc addre>s tu �vhich ��ntcnls �hnul�l hc madc. '1'hc nutirc will alsu rontain any othcr
<br /> int'orntation rcquircd hy applirahlc law.
<br /> 20. HuYArduus Subttstnce�;.Bi�rru���cr�h:tll nut cau+e ur pertnit lhe rresenrc. utic. dlspeistd. titurugC. ur rClCa�e of'any
<br /> Hctzarduuti Substanrr� un i�r in dic Properiy. 13orro�vcr •hall nut Ju. nur all���s anyunc clu tu du. anything aft'ccting lhc
<br /> ± Prci�xrty thut iti in violation nl .�n}•Envi:c�nmcnt:d La���. 'I'hc�zrcr�din�I�eii xntcncc�tihull nut appl�• tu thc prc�enrc. usr,ur
<br /> sloragc un th� Properly of �mall yua►nlitic� �,I Haiard��w 5ub>t:�nre�li�at;u•c gcncrilly rccu�;niic� tu hr appropriatc tu n��rmal
<br /> rc�idcntial usr�a»d tu maintcnariccuC lhc 1'n,prrt)•.
<br /> , �� �� Form 3U28 9190
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