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<br /> `'��°"�--�""�'°"'"�"� substantistly equivalent mongago insurance covecugo ia not nvnilable.Barrower shall pay to i.ender each month a sum equal ta
<br /> _-:-•�.--_-,��.s.�-= a
<br />- '��..r:�F,....,,�a�,y ' one•tweifth af thc.ycucly rt�oR�tagc insarnncc premium being pAid by Horrower when the insurancc cavcruge lapscd or ceused to _„_._.r_._.v_
<br /> ' , ,,r+:.�„•:�,:,��;�� be in effect.Lender vdll accept.usc and retain these pny,mentn av n loss reserve in lieu of mortgnge insurAnee. Loss reservo �=__T_�,. ���
<br /> ��. �:,.�„ pnymcnt�mny na IonBer b�rcyutred.at the optfon of l.cndcr,3f mortgnge insurunce coverage(In the amau�t und for the�x;riod _ _____. __- - .. _ _
<br /> '�� i��:.'` ' � tAat i.ender reyuires)•provided by an inaurcr approved by Ixndcr again b�comes avnilable and is obwincd. 8orrowcr ehull puy --
<br /> '^�,��.�:r.; the prcmiums required to matntein mortgago insurnnce in effect.ar eo provide a lasa re�ervo,until che requirement far martgAge -
<br />�' = �,���{ inaurance ends in accorQanco with any wdtten ngn;ement betwecn Borcower and Lender ar applicnble law. �
<br /> .�,,4,;;.r. -,,. 9.Inspestton.I.ender or!ts ngent may make rcasonable entries upon and inapecttans of the Properiy. l.endcr chall give __ _ __ _
<br /> � ' ' Barrawer natica at the time of ar pdor to an inspect[an specifying reasanable ca�se Yor the inspection. e�1.ti��= ,. _
<br /> � .? 1A. Condemnatfon. The praceeele of auy award ur claim for dwnuges, direct or con.sequendat. in connectian with miy � _ - . __
<br />- �>��'•`��`J�''� R•' candcmnation or ather tuklns of any part af the Praperty.or far canveyance in lieu af condemnatian.are hereby assigrted and "`
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<br />- . . shall be p a l d to L en der. �.-�.:
<br />- " ., In the event of a total taking of the Property,the proca�ds shall be applied ta the sums secured by this Security Instrument, .. =,��-_-._�-,__.
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<br /> • . whether ar not then due, with any excess paid to Banower. In the cvent of a part{at taking af thc Property in which the fair r'..;;�::,.---•��..
<br /> •• market value of the Property immedistely before the talcing is equal to or grcmter thcu►the amount of the sumx secured by tMs ��•-, �����;.
<br /> Secnd Instrument immediatel before takin ,unles.g Borrower and Lender otherwise a rex in wdtin ,the sums secured b �_ = t�'��T`'.
<br /> �Y Y thc 8 � 8 Y .'..r::�:�;=s�'`q'�"`_
<br /> � � this Secudry Instrument shali be reciuced by the amount of the proceeds multiplted by the following lractian: (a) the totel ;:,� . . ,_.
<br /> ' " ' � amount of the sums�ecured immediatel before thc taking,divided b (b)the fair market value of the Pro immsdiate] ; �'���`
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<br /> �,, before the taking. Any balence shall be paid ro Burrower. In the event of a partial taking of the Property in which the fair , .., •.,,,:�u
<br /> market value of the Property immeciistely before the taking is less than the amount of thc sums secured imrnediately before the �"?�%�:":s:w;'�� �`�''�"�
<br />�: • I tekin�,unless Bonawer and I.ender otherwise agree in writin�or unless a licable law atherwlse pruvides, tha roceeds shaU '�''''���'" .._
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<br /> �' be applied to the sums secured by this Secudty Instrument whether or not the sums are then duc. .. � '
<br /> � � 1f the Property Is abandoned by Borrower,oc if,after notice by L.ender to Borrower that the condemnor offers co make un "���:�R
<br /> ' award or settle a claim far damages, Boaower fails to respond to L.ender within 30 days after thc date the notice is�tven, ,.�.,,;�:�
<br /> _ ' � Lender is authorized to callect and apply the proceeds,at its option,either to restoratIon or repair of the Praperty or to the sums - -:= �=-
<br /> �� �=,.,.:�.;._
<br /> � ' '� secured by this Security Instrument,whether ar not then due. -°-- --' �- _��==_
<br /> Unless L.ender und Bonower othenvise egree in writing, any applicatian of praceeds to principal shall not extend or , �'°"'� —..
<br /> postpone the due date of the manthly payments refened to in paragraphs 1 and 2 or change the amount of such payments. Y,'��''Y:``�='
<br /> . 11.Borrowe�Not Released;Forbearancc By Lender Nat a Waiver.8xtensian of the time for payment ar modiftcatian . y ya.�p.�,�U.
<br /> of amartiration of the sums securcd by this Security Instrumcnt granted by Lender to uny successor in interest of Borrower shall ��•`•���+,: .
<br /> � not operatr,ta release the liability of the ariginnl 9orruwer or Barrower's successors in interest. Lender shall not be required ta � '-
<br /> cammence proceeciings against any successor in interest or refuse to cxtend dme for payment or otherwise madify amorti•r.ntlon ' �� `�� _
<br /> � of the sums secur«i by this Security Instrument by reuson of any demand mude by the original Harrawer ar Borrower's , ' �';�;,.�.,
<br /> successors in interest. Any forbearance by Lender in cxercising any right ar remedy xhall nat be a waiver of or preclude the ;�,,:'a:;
<br /> exercise of any ri$ht or mmedy. `�
<br /> 12. Successors and Assignr Boundt Jaint and Several Liability; Co-4tgners. The covenants and agreements of this %�`
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<br /> Security Instrument shall bind and t►cnefit the succcssors und assigns of L.ender and Borrawer, subject to the provisions af + . .-• �y
<br />- ------ - ` paragraph 17. Borrower's covenants and u�reements shoif be joini unJ �cvnrul. Auy SWi'uwri wllo i0-5{gti5 tIiI5 SC0.itffiy =_'"��I
<br /> Instrument but does not execute the N�te: (a) is co-signing this Security Inxtrument only to mortga�e. grant and convey that ;�
<br /> • Borrower's interest in the Praperty under the tcrms of this Security Inrtrument: (b>is not penonully obliguted to pay the sums �
<br /> secured by this Security[nstrument;and(c)a�rees that L.endcr anJ any other Bnrrawer muy s�grce to rxtend,modify, forbear ar . '
<br /> make any accommodations with regard to the term+of this Security lnstrument or the Nate without that Borrower's consent. . � ���
<br /> I3. I.oan Charges. lf the loan securcd by this Security Instrument is subject to u law which sets muximum luun churges. {►•��!�
<br /> und ii�a� iuw ia rualiy intr�p�ntrJ .0►i�at tLc intc�c.t oi oth�i• I��ar►charg.�collected or to be collected in connectian«�ith the ::•_.�
<br /> loan exceed the pertnitted limits,then: (u1 uny surh loun charge shall be reduced hy the amount necestiury to reduce the churge �.,�
<br /> to the permitted limit: und(b)uny�ums ulrcudy collcctcd fmm Borrowcr which exrecded permiucd limits will bc refunded tc► , �'� �
<br /> Borrowcr. L.ender may ch�wse to mukc thi+ rcfund hy reduring the prinripal oweJ under thc Nutc or by mukin� a dimrt
<br /> ,, payment to Borrowcr. It' u rcfund reducc� principul, thc reduction w�ll bc treuted us u partial prcpuymcnt without uny �• °� ,',,
<br /> . prcpayment char�e uncier the Nate. : .
<br /> 14. NoNces. Any noticc tu Burrnwcr providcd fi�r in this Sccurity Intitrumcnt shall bc givcn by Jclivcring it or by muiling
<br /> it by ftrst class muil unless upplicable luw reyuires use of xnother methud. The notice�hull lx dirceted to the Pm�eny Address .' `•�'�;�
<br /> or uny other address Bormwer de,ign�te� hy nutice to I.ender. Any natice tci Lendcr shull be given by first cluss muil to ,:-�.;-'. .
<br /> Lender's uddress stated hercin or uny other addre,s LenJcr de�ignateti by notice to Burcawer. Any notice provided For in this ,f%'
<br /> � Security Inctrument shall bc decmcd to havc hrcn given to&�rri�wcr or I.cndcr when given ur providccf in ihiti parugruph.
<br /> 1S.Governin� Law•; Scr•crability. Tlii�. Scrurity Instrumcnt +hall hc guvcrned by fcdcral luw und thc li�w nf thc
<br /> jurisdiction+n which thc Property i�IcnutcJ. In thc cvcnt that any provi.iun ur cluu.c of'thiti Scrurity Instrument ar thc Notc
<br /> canflicts with upplicable la��•,surh rontlict shull ncit uftect nthrr pn�v��ions��f thi.Security imtrument�ir thr N<ite which cun lx:
<br /> given effect without thc runtlirting pr�wi+ion. Ta thi+cnd the provi.ion.��I'thi.Scrurity Inxtrument und the Note ure Jerlared
<br /> , tn be sevcrable.
<br /> 16.Borrower's Cop�•.Born�wer�hall be given onr r�mli�rmed rupy of thr Notr and of thiti Scrurity In+trunxnt. � .
<br /> 17.Transfer of the Propertr or a Beneficial InterEwt in&irr���re�. 11'ull��r uny purt ut�thc Nrupeny i�r any intcrest in it �
<br /> is sold or trunsfcrred(or if u hcneticial intcre.t in 8urro�vrr i. ,oIJ ar tran.l'crred.uid Bi�rruw•rr i. n��t u iwtur�l Exr�wU withoui f
<br /> � I.ender's priur wriuen consent. Lendrr muy. at it. �,pti��n. reyuire inmicdiutc payment in fuU ut' aU sum. .ecurrd by thi� � �
<br /> Sc¢uriry instrument.Nowcver.Ihis optiun,hall not hc rxrrci�cJ M�• Lrndcr il'cxrrrur i.prohihitcd hy fedcral law u.�,f thr d�tc i
<br /> • af thi�Security In�trumcnt.
<br /> If LenJer cxercixc.thi.c�pti.m. [.cixler�hall give Borruwer nutirr uf arrrlrratiun.Thr nutire+hall pn���idc a prri�xi of not
<br /> Icss thun 30 duys frum thc Jute thc nciticc i�dclivcrcJ or mailyd N•ithin w•hirh Aurru��•cr mutit pay all,um, �rrurcd hy this
<br /> Scxurity Instrumcnt. If 9orro�vcr tail.to pa�• thc�c�um�prior tu thr rxpirutiun i�l'thi.�ricxl. Lcndcr may invnkc any remrdic.
<br /> pertnitt�tii by this Securiry ]n�trwnent widxwt 1'urthcr naticr ar dcmand un Burru��•�r.
<br /> I8. Bormwcr's Ri�ht to Itcinstutc. If Borroarr nuct+ rcnain r�,nJiti��m. li�,rru��•cr .hall hu�•� thc right tu ha�•c
<br /> cnfc�cccment of thi.Sccurity ln,trwrnnt di.r�,ntinucd ut any timr priur �a thr rarlirr uf: �c►) S Juy� lur�urh otlur �xrio�l ati
<br /> uppliCUble law may +perify li,r rcin,tatemrnt► tkli�rc ..dc ut' thc Prup�rty punuunt tu any pi���cr af'sule r�mtaincd in thi�
<br /> Security lnstrumenC ar fbl cntn�i�f u juJgmcnt enti�rcing thi. Scrurity Imtrumrnt.Tho�e catiditiun�are chut Borru�vrr:�ul pay.
<br /> , Lendc�all�umti whtrh thcn wau1J hc duc undrr thi+Srcurity ln�trumcnt anJ thc N��tc:�, it'no acrclrra�ic�n had�xrurrcd: th)
<br /> i � rures any default of any uthcr rc�rcnant�ur ugrccnunt,: (c► pa��. all cx�xnx� in�urrcd in cnli�rcing thi+ Srrurity In.trununt.
<br /> including.hut nut limited tu. rca.unablc aUurnr�•.' 1'�«: und lJ)t.d.r,.urh artiun a, l.�nd�r ma� r�:u�mahl�� rcyuirr to a+.ure
<br /> that th� lien ut thi+Scrurity In+trwnrnt.l.rn�l�r'+ right. in tlir Pn,prrt� ;md Hurra��rr'���hli�ati�m tu�a� thc,um�.erureJ h�
<br /> •� thi� Security instrumcnt +hall cuntinuc unrhan�rd. Up�m rrm,tatcmrnt ny isurr�n�•rr. tni. arrun�� in.�rumrnt :uiu ii�r
<br /> ubliguti�m.�crurcd hcrehy�hall r�main fully effcrti�r a. il nci;urclrratiun had��rrurrrd. Hrn�c��r.thi.right tu rcin,tatr,h:dl
<br /> . not upply in thr cu�r i�T urccicraticm undcr paragraph t7.
<br /> 19. 5ule of note: Chan�e of Loun tierri�er. Tlic N��te ur .� partial intcrc�t in th� N�ne I��,grthrr ��ith thi� tirrurit�
<br /> In�trumentl may t+r�old�mc ur mum tink��vitlu�ut prior nrnirr ta Hurru��rr. A,:dr ma� rc,ult in a rhangr in thr cntit� �I.nua�n
<br /> . u.thc"L��an Scrviccr"►iha�ruflcrts munth�y pa?mm�t.du�undcr thr hutr and thi.tirrurit�• ln,trunknt. �fhrrc ahu�na� hr unr
<br /> ( � '• ur murc ehangr,ot thr Loan ticn��ccr unrelu�rd�o u,alr ut�hr hutc. If thrrr�.:�rhangc��f thc l.c�un Scr�irrr. Kurru��et a ill hr
<br /> givcn wciucn nc�ucr of thc rh:ingr in arrunt:t��«<►��i�rar.��:�;�ri� Id atx,��and applirat�lc lu�� 1'hr nuticr��iU.u�t.thr numr und
<br /> • addrr..uf the new l.oun Servicer unJ tlk ud�rc.. tu��hirh r:i�mrnh �h„uld h� madr. The nutir���ill ahu r�,nt;un au� �+thrr
<br /> � infurnwtion rcyuirrJ b>'uPpliruhlc lua.
<br /> 20. Haturdouti tiub�tenr�w. tiurruwcr �IiaU n��t rau.� ur �xrmit tlic prc.cnrr. u�c, di.pu�al, ,t��ra�;r. ur r�lra.c u1 :m►
<br /> Huiunluu, Sub.tancr. an ur in thc Pruprrty. Burra��cr ,liall uat Ju. nur :dlua amunr rl.r tu d��. amtlung nt�ternn�: tlir
<br /> ! Pn�perty thut i� in viulutian uf any ��n•imm�mntal La�v. �'lir prci��tling t�►u,rutrnre,.hall nut :ippl} tu tlir prr,rnrr, u.r. ��r
<br /> • �arragr un thr Pm�xrt�•aF.mull yuantitic+uf Naianlau� tiub.tunrr, th:u urc grnrralh rrr�,guiird ta hc:�pprupri:ur tu n�nm:d
<br /> .. m.Wennat u�e.:tnd ti�mamtenwicr ot the Nre�}xm.
<br /> r�.,� �..• � Porm 3028 9�90 '
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