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<br /> � l sub�tnntislly equivulent martgage insurunce coveruge js not available.Borrawcr shall puy to Lendcr euch month u sum equul to �4
<br /> anc-twelfth of the yearly mortgoge insurnncc premium being paid by Hanowcr when thc insurunce covcruge lupsed or ccused to _
<br /> • be�in eifecs:l.eadcr wiil uccept, usc und retain thewc puyments us a lass reservc in lieu of mnrt��ge insuranrc. l.ow� rcserve �.
<br /> � payments may no longer bc required. at the option af[,ender,If martguge inmurancc cavernge(in the umaunt und for the pedc►d �,�,,,
<br /> thut L.ender requires)provided by an insurer approvcd by Lender again becames uvailabtc und Is obtuined.Ba�rower sl�uU puy . ___
<br /> the premtums rPquEred to muintain mortguge insurunce in'effect,or ta provide u loss reserve,until thc rcquircmcnt tor mnrtguge _ _
<br /> ' insurance ends in uccords�nce with nny a�deten ugreement between Bonawer and L.ender or upplicable luw. ___..
<br /> • g, Inspectton. I.ender or its agent may make reasonable entrics upon und inspecttans of thc Propcny. I.cnder shuit givc � -�
<br /> Bonawer notice at the time of or pdor to an lnspecttan specifying repsnnable cuuse far die inspoctjon. � �v'
<br /> 10. Condemnatton. Tf�e proccccls of any awurd or clain� for dnmages,direct or consequential, in connectian with any �
<br /> � coademnation or other ttticing of uny part o f t ht Pru p e rt y. o r f u r rnnve yance in liett of condemn�tion,are hereby assi�ned aad : �
<br /> , hhall be pald to Lender. �•
<br /> �' !n the event of a total taking of the Propercy,the proceeds shall be applied ta the sums sccured by thjs Security Instrument, �
<br /> ;;"'�� whether or nat thcn due. with any excess psud to Borrower. In the event of a pnrtlal tukin�of the Property in which thc fai� � �
<br /> ,,.�„�,�q+� market value of the Property Irmned�utely before the tuking is equat to or greater than the amount of the sums secured by this �
<br /> � Securlty Instrument immediately before the taking,unless Borrower und Lender otherwise agree In writing,the sums securai by
<br /> ''';i•`:;:.`4• -
<br /> ,,,�k:;�,� : this Secudty Instrument shall be reduced by the amount of the proceeds multiplied by the fallowing fraction: (a) the tatai .� �
<br /> amount af the sums secured lmmediately bafore the taking,divided by(b) the fair market vnlue of the Property immediately k�
<br /> '�, "� before thc taking. Any balance shall be pald to Borrower. In the event of a partial taking of the Property in which the fuir
<br /> '�'�'.`�' i market value af the Property immediately before the wkin8ls iess than the amount of the sums secured immediately beforc the
<br /> �%::'`��;�"a, fakin�.unlesa Hos�cower and l.ender othcrwise agree in writing ar unless applicnble law othervvise provides, the procec�s shull
<br /> `3�``�'�� ��'• be applied to the sums aecnred by this Sauriry Instrument�vhether or not the sums are then due.
<br /> ..�y.n �l
<br /> Yf!he Property is abandoned by Borrower. or if,after notice by L.ender to Borrower that the condemnor offers ta ma e un
<br /> •� „ �� award or settle a ola�m for dama�es. Bohewi�fa�ils tat its p onpe her to e��torad ndar repair of the P operty or to the ums
<br /> Lender is nuthorized to collect and uPP�Y P
<br /> �� secured by this Security Instrument. whechor ar not then due.
<br /> l;;��;; � Unless Lender and Borrower otherwise agree in w�iting. any application of praceeds to principal shall not extend or
<br />, �f.,,
<br /> u••. postpone che due date of the monthl papments refened ta in paragraphs 1 and 2 or chunge thc amount of such payments.
<br /> i • 11,gorrower tYot ReteASed;�orbes�e'ance BY I.ender Not a Watver.Extension af the time for payment or modificatian
<br /> e�
<br /> ' of amortization of the sums secured by this Securlty Instrument�ranted by Ixnder to any successor in interest of Borrower shnll
<br /> � not operate to release the liability of the original 8orrower or Barrower's successors in interest. l.ender shail not be requtrecl co _
<br /> ° `',,` cornmence proceed�gb�B his Securi v��n►me tt by reas nf of any demand made by hetoriginssl Borro�if or Sorrower's
<br /> of the sums secur y
<br /> successors in Interest. Any forbearance by Lender in exercising any right or remedy shalt not be a walver of ar preclude the
<br /> .' exercise of any right ar rcmedy.
<br /> ;�,�.�' ,t:; Co-signera. The covenants and a�reements of this
<br /> -_.�,,., ; .• 12. Successos's end AsslBns Baund;Joint and 5everul Ltabiltty;
<br /> �� ':�°• Scxurity Instrument shall bind end benefit the succcssors and assigns of Lender and Bonower, subject to the provistons of
<br /> �= ��� �7. Bonowcr's covenonts �nd agreements shall be jolnt and several. Any Bonuwer who co-slgns this 5ecudt y
<br />'' Y<irL.i=�:1Q
<br /> :"'x:T:'P Tnsuvment but does not execute the Note:(a) is co-signing tI�is Sc�.u�ity Iastnstnent onl;to mertgAEe: erant a�id convey that ,
<br />��:�3���.:������ gorrower's interest in the ProportY under the teims of this Secudty Instrument;(b)is not personally obligated to ay the sums
<br /> ""�''�`"`" secured by this Secudty Instcument; and(c)ngrees that Lender and any other Harcower may agree to extend,modity.forbe.ar or
<br /> �f�,�
<br /> �'%� � mnke any uc�ommodadons with regard to the terms of this Securlty Instrumcnt or the Nate wlthout thai Horrower s consen.
<br />•�y= - - �3,1AA11 ChBi(;f8.If the loa� secured by this Secudty Instrument Is sub�ect to u law which sets msucimum loan charges.
<br /> -`--""�-'�'� and that law is finally tnterpreted so that the interest or other loan charges co lected or to be collected In connectton with the
<br /> � loan ex��he Permitted��mits,therr(a)anY such loan churgu shell be re�uced by thB amount neces to reduce the charge
<br /> =�-:���
<br /> -.;,�,F;���� to che p Trm�tt�eT ma aaho�ose�to make th�drefund by reducln��the p�incipal owed�u der hettPlote or by'ahing a dIreac.
<br />_ r�:,T�y,�� Borrowe I..e Y
<br />__�.F�;:,-,.,�.�, puyment to Bonower. If u refund reduces principal. thc reductton wiU be trented as u purtial prepayment wn out any.
<br /> .�-..-��,a=� prepuyment charge under the Notc.
<br /> __�,;.�� ld.l'Iottees.Any notice to Borrower pravided for in this Security Inatrument ahup be gtven by delivering it or by Address
<br /> - - it by Frst class muil uniess npplicable law requires use of another method.The nottce sh�il be directed to the Property
<br /> or any other address Borrow�r designates by not[ce to Lender. Any notice to Lender shall be glven by first class muil to
<br /> I,ender's uddres.g stated herein or any other address Lender designntes by notice to Borrower. Any notice provlded for in thts
<br /> Secorlty Instrument shall be deemed to have been given to Borrower or Lender when given s+s pro�ided in this puragraph.
<br /> - - - "-- 15.Gnverntag Lawi Severabt�ItY• This Secu�ity Instrument shall be govcmed by federal law and the law of the
<br /> jurisdicdon in which the Property ie�ocated. In the event that any provision or clause of this Secudty Instrument or the Note
<br /> __ cnnflicts wlth applicable law.auc4�canrovi on�To�thtsfed the prpo�visions of this Security Inst menttnndtt eNNot uhecdeclamd
<br /> =___- _--- given effect without ths oontUctinB p
<br /> """� to 1�severnbte.
<br /> t6.Borro�ver's Copy.Borro�+er sh�ll be gi�en one conformed copy of t(ie Note nnd of this Secutity In o�y interest in it
<br /> -- 17.Tcansfer ot the Property or n Benetic[ml Iutkn�st tn Borrower.If all or any part of the P�nperty
<br /> is sold or transferred(or if s benelicid i�merest in Borrower Is sold or tr�nsferred.and Borrower is not u nataral person)without
<br /> �--��-� Lender's pdor wdtten consent, Lender mny. at tu optton, require immediate payment in full of ell sums secured by this
<br /> ,;;;;;� gecndry Instcument.However,this optton shatl not be exercised by�Lender if exercise is prohibited by federal!aw as of the date
<br />_.,::;s:�;.�;�a of this Securiry Insuument.
<br /> - if Lender exercises this optton.Lender shall gfve Borrower notice nf ucceteratton.The notice shall provide a pertod o not
<br /> -�_� less than 30 duys fmm the date the notice is delivered or muiled within which Borrower must pay all sums secured by this
<br /> V'?�=`���+�'� Securlry Instrument. If Borrower fails to pay these sums prlor to the expirntion of this pEdod. i.ender may invoke any retnedies
<br />_�`��?�;��:;�=r.:; ��{tt�by thia SecurIty Instrument w6thout furcher nodce or demand on Borrower.
<br />`�,��.::�,r:��,�
<br /> Borrower shall hnve the right to huve
<br />_ ,��r;�;.;_ lg� Bnrrower a Right to RelnsWte. If Borro�ver meets certnin conditions,
<br /> '�•�,^f>.�;,_:,�}::, enforcement of this �CUrity lnstrument discontinued at any time prlor to th uearl3�et of�uny pow�er of sutc wntained in�thix
<br />-�"�` u licable law may spec:tfy for rcinstatement)before sule of the Properry p
<br /> r�s1;f',.:_:° PP
<br /> ��.v�� �' Securiry Instrument;or(b)entry of ajudgment enforeing this Security t�snumcnt.Those conditions ute that Horrower:(a pays
<br /> -�t�»,�'„��' r,�
<br /> r;��,�r��y4 ���5 Lender all sums wh{ch then would be due under this Security an6ta me�nt n�thncurrod M�enforcing�his 5ecurity ynstrum nz� ,
<br /> .;r:�,.,: )e..;.:, .���' E u�re to as�ure
<br /> ,��i,;.,;�;.��� _� , cure.s eny doPault of any o2her covenunte or a tcements;lc)p y Pe
<br /> _�-•;;�=,— --�---- is�cluding i,ui nut licniicd i�,rca.5on�ble attorne�c'fe�:and (d)takes such netion as Lender mey reawnably rec�
<br />-. - ���-�'� that t�e Ilan o i�l��.,�m�syhlell�ond ue unchungalfilUpon re nstatemen�t by Borrowerbi his�Securpiry instrument and he ...
<br /> —� u.,...�..�. �1.i., rlohf tn mi�rt�fc 9ha�� ��
<br />.---_.-,..�..._.. . . L .�.- uuo v.�.....«� ......._----�" ......
<br /> .d�
<br /> �: obligations secured hereby shull remain fully eFfective as if no aoceierai�on nau�.:s�..u. ..���.-.. . .o-.-.- -----
<br /> � " P' not apply in the case of nccelerution unc9er parugraph I7.
<br /> • : 19. Sale of Notet Chnnge of Loun Ser�'��et'• The Note or n partist intemst in the Notc (together with this Scxurity
<br /> Instrument)mny be sold onc or mure times without prior rtotice to Borrowcr.A satc may result in a chun�e in the entity(knnwn
<br /> as the"Loan Servicer")that collects monthly puyments due under the Note and this Secu r tty Instrument.There also may be orte
<br /> 1 *..'� or more chunges of the Loan Servicer unrclated to n sale of the Note.If tl�ere is A chnnge of the Loan Servicer.�orrower will be
<br /> ' � �iven wdtten notice of the chan�e ;�d hedaddress opwh[�ch puyments sh uld be1mudee The nott e will ulsosrnntnin unY n�h a
<br /> addresa of the new Loan Servfcer
<br /> •Information required by applicnble law.
<br /> 20. HuzArdoug 5ubstances. Born+wer Fhali not cause or permit the pre5cnce. use, disposnl. storage. or release of any
<br /> � Hu•rardous Substnnces on or in the Propercy. Borcower shull not do. nor nllow unyonc eisc to do, anything affezting the
<br /> Property that is in violutiun uf any Env{ronmental Luw. The preceding two sentence�shullg ot apply to the P�c ta normal
<br /> •� ,;,:4 �� ;;toruge on the Property of smWl quantitles of Harardous Subswnces thut ure�enerall reco nized to be approp
<br /> residentiul uses und to mai�tenance of the Property.
<br />_ f',' �,oeo�o}a Form 3028 8l80
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