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<br /> a�ata�Mi�lly�quiv�l�t murt�yo i�au�pl�oqv ia not�vv{�ble.Bon�ov►�er stWlp�y t eqwl
<br /> . oariwelftb ot tbe yarly mort�e in��u�c��r�,bia�pddby.�amw�a�whea the fnaunnce ouver�a Upqed_or oaral to
<br /> be in eKect.l.ender wiil�ccept,u��nA�tda t!���n �low roKrva in Ileu af mortjqa Inwnulat►, [.or� rraa:ve
<br /> P�Ymea�atiy ra lon�er benequired.K We optlon d��d�r.if mat�e Irounn;e ooveraje(in tbe anaunt��tKt,fqh'��tha periad
<br /> tlrt L�ender cequira)provlded by�n irowra approved by l.�ealer�in beooerw�v�iUiblo�nd is obt�inod. Bo�rMOr�11�►i!pry
<br /> the praniumr required W m�inl�n mort�o inwnupe in etroc�.or lo provide�loa resava.uetil tha roqulromant,lac mort��e
<br /> i�rurar�co ends ln scoordnue with�ny writtai�roement belwan Bonrower�nd Lender or appUc�bl�inw,
<br /> !.�p�ctlo�.L�ender ar it�tQsnt mq make ro�wn�bk entrie+�upon ud inspoc�iotu of tbe Propmty�Lender Wu�ll,�ive
<br /> Ba�+nwcr nolloo�t the tirm of or prior w an rnspectinn�pecifyln�rrawiwble cause for the impection.
<br /> —�-_ ,...`.-----.."- 30. C.oadea�wtio�. Tin praceeda of Yny awr�d or cl�im Por clanwger. dim�;►ar u.nw�qw:idisd. in cu+uiaati�+�•wi�tl�,Any
<br /> oadenauklan or other Wdn�of any prt of the Propetty.or for convoyw�oo in Iku of oondem�wbn,�ue haroby�sipt�ad�1,
<br /> slwll bo p�id b Lcnder.
<br /> In Ihe event of a taW taking of the Praperty.�he proceodx shall ba applied to the ewms Recwred by thle Savrf�y InKnamant.-
<br /> whether ar ix►t tbat due. with�ny exass poid to Borrower. ln thc event of a partial Wcing of the P�aperiy in wbi�h�itA 1�fr,
<br /> muicet v�lue af the PrnpcAy immediately bcforo thc taicing is oqwl to or grc:ater ihan Ihe �nount of the�utna sacurod by tbfs
<br /> Sec�ty Iast�t im�sediauly tcfare tho ucktng.untcxs Banawer�rki L.:�rk�othanvie�ag�c in writina.tdo sumw sacurcd by
<br /> -s ----- this Secur�ty Instmment st�l! be reduced by the amcwnt of the prooeeds multiplicd by the following friatbn: (q)ths tWol
<br /> amount of the sumv socured irome�isuly beforo tho takfng.divided by(b)the fair market value of the Piroporty immadiataly
<br /> befare the uki�g. Any baluwe slull bc ppid tu Bormwer. In [he�vent of o putiel t�lcing of the Pmpe�ty in whiah tho toir
<br /> muket value of the Pnoperty immediately bafurc tNa wking is less than the artxwnt of thc sums secured immediAwly bofia+a U�a
<br /> wldng.unless Bomower and l.rndcr dherwisa agrce in writing or unicss applicable law otherwise pmvideo. th�a pnoaeaix:hpll
<br /> bc applfod to the sums socurod by Ihis Secudty Instrumcnt w6ather or not�hc sums iue then due.
<br /> If the Property is abanclon�d by Borrower.or if, after noticc by Lcnder to Borrower that the candemnnr ofists to make�
<br /> awar+d or settle e clafm for damages. Borrowe� fails to n:spond to[.ender withi�30 deys after the datc the notke la given.
<br />- x �I l.ender is authorized t4 collect and apply tho pnoceedn. at ita optian.eithar to reator�tion or r�cpair of the Propeny or to d�wmp "
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<br /> �� ctw�od by this Secudty Insirumen�,whethar or.oat tlien due.
<br /> ' Unl�ss Lender end Borrov►�er otherwise agrcc in writing. any applicetian of proceeds to priocipa) shall nnt eatand or
<br />� '� post�pane ihe due date of the mont6ly payments referred lo in pa�ragraphs! ard 2 ar change the amount of such paymentx.
<br /> ,, 11.Bomowar Not Rde�sed;Forb�e By L.end�tr Not n Walver.Extension of the timc for paymBnt or modifiaetiar
<br /> of anwrifwtion of the sums secured by Ihis Security Instrument granted by I.ender to any successor in interest of Borrower shall
<br /> rat operate to releast the liabiflty of the original Borrower or Bomower's successors in interest. Lender shall not be required ta -
<br />: commence proccedings against any successor in interest ar refusc to ea�end timc for payment or otherwise modify amonizatlon
<br />_ '� of the snms secured by this Sctiurity Instmment by resson of any demand made by the origlnal Borrower or Borrower's
<br /> successors in interest. Any foabearance by I.ender in exerci�ing any right or remedy shalt not be a waiver of ar precluda 1he
<br /> .k„. eaercise of any right or rcmedy.
<br /> 12. Sucoe�ora wid Assigng Bound;Jofat wid S�werAl LiAbility; Co-signers. The covenants s�nd agreementa af thfs
<br /> Savrity insltument shall bind and benefil the successors and assigaa of I.ender and Borrower. subject to the provisions of
<br /> . -- - �::�r:'t ?- ° para8raph 17. Horrower's covenants end e�trcements shntl be joint and several. Any fiorrower who co-signs tiiis Secunty
<br /> � Inst�vment but dces no4execute the Note:(a) is casigning thia Security lnstrumcnt only to mortgage. grsnt and convey thnt
<br /> " �4�� �,•� Borrawer's intercst in the Prn�erty pnder the terms of this Securily lnstrument;lb)is not personally obligated tu pay the sumr:
<br /> , ,�;�.���;;�- ssecured by this Secu�it�r instrument;and(c)agreea that l.ender and any other Borrower mayag�ee to extend, m��dify,forbear ar
<br /> �.��-�,> :•••.h.,� make any eccommodauons with regard to the tunns of this Security Instrument or thc Note v►n'thout that Bo�rawer's oonsent.
<br /> � � `''�"� '^ � 13.Loan Cdarges.If the loan secured b�� thfe Security Instrumenl is subject to a law which sets msu�imum loah chruges.
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<br /> "� �� ""'`"}� �'�"'-'` and that Iaw is finally interpreted so that the intarect or other losin cherges collected or to be coltected in cpnnection with the
<br /> � �-g,�`:'�'• '�� loan exceed the permltted limits. Ihen:(a)any such loan churge shall be reduced by the amount necessary ta reduce the charge -
<br />� ��'"`�"V � �� � to�he permitted limit; and (b)any sums already collected fmm Bormwer which exceeded permitted limits will be refunded to
<br /> ���' '`" ' ' � Borcower. Lender may choose ta muke this refund by ralucing the principal owed under the Note or by making a direct
<br /> " ���'�' y`���"� � "`�` payment to Borrower. If a refund reducea principal, thc reJuctii�n will be treated as u panie) prepayment without any
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<br />� �. � , :,�;�,.�� prepayment charge under the Note.
<br /> ��=••-� 14.Nol(ces.Any ratice to Hurrower pwvided for in thi�Security Intitrument shnll be given by delivering it or by malling
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<br /> � •-::�'_: ' ' `•';; it b� lfb:�las� :��:f����ess applicable luw reyuires use of vnnthcr mcthud. Thc n�tice shul! be directed to�he Property Address -
<br /> � " � ' or any other address Borrower desipnates by notice to Lender. Any notice to C.ender shull be given by first cluss muil to =-_
<br />��� S`� � ? �� L.ender's udd►ess stuted hercin or any othcr uddress l.ender dcsignatc�by notice to&�aowcr. An}• nutice provided for in Ihi� -
<br /> " ^�'r'��`+��� � Security Instrument shall be deemed ta huve been givcn ta BoROwcr or l.endcr whcn given us provided in this puragraph.
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<br /> ''m•� •';., 'R" 13.Governing l.aw; Severability. This Security [n�trument �hult be govem��l by federal Iaw and the lawof the =
<br /> • � •� ° : ';}; jurisdiction in which the Property is located. 1n the event �hut uny prc►vision c�r rlaurc of thi�Security lnrtrumcnt or�he Nutc =
<br /> � ' � conflicts with applicable law. sueh conflict shaN not uffect other provisians oF thiz Security In.rtrurnem or the Notc which can be -
<br /> �%��'%�" given effect without the rnnflicting provitiion. To�hi� end the provitiions of this Scwuriiy Instrument and the Note are declarcd --
<br /> �:;,;'�tti1�sU,:ir�:.. . to be severable.
<br /> �. , . 16.Borrowet's Copy.Borrower shull be given one contiirnied copy of the Note und oY thi+Security Instrument. _
<br /> ''�� � l7.Trnnster of the ProperQy or a�eneficial Intcrest in Burrowcr. If ull ur any part of the Propeny�ir any interest in it
<br /> •• ' ° is sald or transferred lur if a beneficiul intcrest in Burrower i.a��IJ�►r transi'errcd anJ B��rniwer i�not u natural person)without =
<br /> . ���+'••� ` Lendcr's rior written cunsen�, l.ender nm ae its u tion, r uire imm��cli�te a ment in Ibll of all tiums xecured b thix �
<br /> r;&. . y P p, Y• P M1Y p'Y p y Y �`
<br /> ��,.,,.,�,f Securit Instrument. However,thixo uon shall not be excrcised b Lender if exercise is rohihited b federal luw ati oCthe dute
<br /> of�his Security Instrument.
<br /> �"'��""` '�`� '' If L.ender exercises this option, I.ender shall give &irn►wrr notire ot'accclerutiun. Thr notice+hull providc u period of not ��
<br /> - ° • ' less thun 30 days from thc datc the �x�trcc is delivcred ur muilyd within whirh &�rrc►wer must pay u1l �umx�ecured by thiH `
<br /> ,. Security Instrument. If Borrowcr i'ails to pay these sumx pri�►r ai thr expiration of this peri�xl.Lcndcr may invukr any remediu�; _
<br /> ' ' pemtitted by this Security Instrument withuut furthcr nutice��r demaixi on &�rroa�er. -
<br /> l8. Bomower's ItlRht to Relnstatc. It' &►rrowrr m�elti cenain rimditi�m�. Borrc►N•cr �hull huve the rigM to huvr !°
<br />- . -'�{'.���•' ' enforcement of this Security Intitrument discontinueJ ut any time prior ta the carlirr oF: (al S duy� (i�r such other period as `
<br /> '�`'':j;:'��'�"��,' liruble luw ma r if fi,r reinstatemenU FktiKr �alr uf thc Pro ny unu�nt to un ,wer of' wle cuntained in thi4 �
<br /> � . aPp Y •P� Y Pr P Y P�
<br /> '-'��'f�",+�`�' Security Instrument:or(bl cntry��f u judgment cnfi�rcing thi,Scrurity In,trument. Th��ae rimJitiun,an:that &►rrowcr:(a1 puy� �;'
<br /> "�`"f"� Lender all sums which then wau1J lx:Juc unJcr thi�Security In,trument and the Note as if no arccleration had occurtrd; Ib) 1_
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<br /> j ��..•.,.:: cures any default of uny other covenan�, �x:��reetmnt�:Ic) pay�all cxpcn,es incurred in enli�rcin�this Se:curity instrumcnt, '
<br /> ;:�r,,:�;,_,.. including. but not limited to, reasunuble auorncys' fcc�:and�d)�akc.+urh action:a Lendcr may rcu.onuhly require w u,.un: k
<br />- ''•"v;;;•r:�4.;r�,s' tlwt the lien of this Security In�trumcnt, l.endcr's right�in the Propeny unJ Bunuurr',ohlikation W ps�y th�wms secun:d by �
<br />- -" -" � - - this Security Instrum�:nt shull conlinue unchangeJ. Upun rrinswtenxnt by Burruacr, tl►ix Security In�trumenl •rnd �hc �
<br /> ''�'r'�, `� ';' " �'% obligations secured hereby shall remuin fully effertiv¢ ;�s if na urcelcrUtion h•rJ�kcurr��l. However, thi�right tu reinxtu�e rhull
<br /> _,�s s� , *�!:�^^,`;;z�` not apply in the casc o(acrcicratiun undcr prragraph 17. i
<br />� ' s=�, � •;'� 19. S�le ot Nnte; Chatq�e oP I.nen Servicer. The Notc ur a prniul intcrc.t in Ihc Not�ItuEctlx:r with thi.r• Sccurity ;
<br /> � �;''�'#" ,''';; Instrun�ent)may be wW one or more times without prior nolire t��&�rrowrr. A wlr may rewlt in a chunge in the emity Iknnwi►
<br /> - � ' . as 1he "Loun Serviccr")tliat collect�monthly paynunts duc unJcr the Nat.unJ Ihis S�ruriry Instrument. Th�rr alrc�moy hc unr
<br /> _ - " - . ur more chunges uf the Loan Servicer unrcluteci tu a wlc nf the Nutc. If U�rrr i.r rhan�c i�l the L�ian Scrviccr.&�rtu���cr w�ill Iw i!
<br /> •- • : , siven written notice of the chunge in�ccordanre wi�h parugraph 14 aMwc lind s�ppliruBle luw.The n�nirc will �wtc the numc anJ
<br /> =w����-. ��., address of the new Lu�n Scrvicer and thc uddre�s to which poyment.sh��uld he nwdc. The nntire will ulKi ci►ntuin any utUer
<br /> --�;� : ;.:' infornwtion reyuireci by applicuble law, ;
<br /> — '+'r� 20. Hawrdous SuM.ttanccs. Barmwer xhull nw rruse i,r pemiit �hc pr�sence, uk. di��►wl. �airuge. nr rrleu.c��f any t
<br /> —�. ,...;^Q. .
<br /> - �*', �w Hozc�rdous Subswnces on or in the Propeny. Born�wcr �hull n�H d�►. niir vlluw •rnSunc cltir to Jn. anythin�Z aft�rtin�t �hc �'
<br /> •�4:;„':r;,`w ..° Property that is in violulion uf uny �nvironmenwl l.uw. The prc���iing twu tirmcnreti tihall not upply ta 1hc pn;.encc.u�.�►r ;
<br /> � '�%�� storc�ge on thc Propeny of sm�ll quantitics af H�iarJ�,u�Suh,tanrr+thal arc grnrralh• rcr���!ni�rd a�h� app�upriatr Iu nurnwl
<br /> . .�. . �:`` residential usea unJ tii nuinten�ncc ot'the Pruprrt}•. �
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<br /> ', . � Pnpe 3 0�G � 1 � �•Form 30Z8 9�90 �
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