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<br /> ,=�;� :�-.,•y: . suir�tantiatiy equiva1ent mor�'g�ge insuranoo covemgo is not available. Borrower shnllpuy ta Lendcr each month u Futn cqaul to
<br />- •����ti'?w��'� one•twelfth af the yeur�y morig�nge insurnnce premium be1n8 paid by Bonawe;when the insumnce c�veruge lup.sed or ceasal tu
<br />- � ,�u�.+x� be in effe�t.L.e�nder will aceepf, usc und ret�in thcsc paymentr as aloss reserve in lieu of «iortgogc insurancc. l.asa rererve �+�-�_=°=----
<br /> ' '• rr�z:�-„'' payments inay no longer bc�cqulred,ut the option of Lxnder.jf mortgage insuruncc cavemge(in the umount artd for the perlad
<br />_ r �a�I,ender requires)provlded by an insurer appmved by L.ender aAain beoomes t►vnilable nnd is abu�ined.Horn►wut Rhuil puy �--- ---
<br />�" �'��, �- .� .,, the premiums required to maintain mortgage insurance in effect,ar ta provfde a lass reserve,unti!the requirement fur martguge
<br /> `�� - """""'� - insurnn:.c atds in accaMmnce v�lth a:►y wriuen agrcement between Bormwer and Lender or applicuble Inw.
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<br />�; + , • 9.Inspeetlon. Lender or it� agent may mulce reasonuble entries upon and inspections of the Propetty.l.ender shnll give
<br /> �• � l��� - �= Borrow�r notice at the time of or prior to an inspectton specifying m.usonable cause far the inspoctfon. !�- -----
<br /> Ten_.. , .^ _ ...-___ ...._—__. �-
<br /> _ � �'t,�� y;.u;{ 10. CondemnAtion.The proc�eeda of any award or cl�im for damages. direct ar consequentlul, in cannectian wlth any
<br /> . ,,; ��. candemnation er other taking of any part af th� PmpeRy. ar for conveyance in lieu of condemnutian.cue hereby assig�ed and �,;;�_
<br /> � -� " shall be paid to Lender. ' ;;;;�:--
<br /> �;;� .'-:r In the evr•►t of a tawl taking of the Properey,the proceads shnll be applied ta the�ums secured by thls Securhy Instrument. ,--�-
<br /> ,: � whether or not then due.with any excess pnid to Barrower. In the event of u partinl taking af thc Pmperty in whtch the Fulr �':��;;,�__
<br /> • '; crwrket value of the Property immedlately before the taking is equnl to or gretiter thnn the umaunt aP the stsms secured by this ' �'- =;'w_;_
<br /> � Secudty Instniment immediately befare the takins,unless Bormwcr and I..ender othenvise ugree in writing. the sums tiecured by � �:"',_
<br /> • "n � this Serudty Inatcument shall be reduced by the nmount af the procceds multiplied by the fallowing fraction: ta) the rotat �>_;z�'���- -`
<br /> � ° amount of the sums securod immediately before the taking,divlded 6y(b)the fair murket vulue of the Propeety immcdiatcly '"��,:�__---
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<br /> " " before the taking. Any balsnce shail be paid to 8orrower. in ihe event af a partial taking of the Property in which the fair % _,.���. -----
<br /> � market value af the Pmperty immediately befare the takins is less than the amau�t of the sums secured immcdiately befam thc ��'��'"�'�`"°`'`�-
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<br /> � taklns, unless BoROwer and [,ender oshenvise agrec in wcilin�or unless applicablc law atherwise pravides,the procecds shati . ,.;��,;;,�-�.-�s:.:.:_=
<br /> • be applied to the sums secured by this Securiry instntment whether or not the sums are then due. _� �"`"�',':"`"'°�"`
<br /> ' � lf the Property is abandoned by Borrower.or if,after no:ice by I.ender to Borrower that the candemnar offers to malce an ., •��,FY-�-
<br /> - award or settle a claim for damages. Borrawer fails to respond to Lender within 30 duys after the date the notice is �iven. •�.
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<br /> , � Lender is suthorized to collect and apply the proca:ds,at its option,either to restoratian or repair af the Prc►peny or to thc awna °`-`.--=---=.-_
<br /> ' �� secured by this Securtry Instrument.whether or not chen due. ^
<br /> Unless L.ender and Borrower othenvise asree in writing, any appHcation of proceeds to principal shall not extend or .•,,,,,p„«
<br /> postpone the due date of the monthl payments referred to in arngre hs l and 2 or chan�e the amount of such payments. �.-`--===
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<br /> 11.Borrower P1ot ReEeased= orbearance By I.ender ot a eiver.Extension of the dme for payment or modification a,
<br /> !°.�,•-
<br /> ` of amortization of the sums secure�by this Securiry Instrurnent granted by Lender to any successor in interest of Borrower shull b•+d�
<br /> not operate to release the liability of the original Borrower or aorrower's successors in interest. i.ender shall not be requjred to ;; "��� -
<br /> commence procecdings against any successor in interest or refuse to extend time for payment or otherwise madify amortiuidon ��;
<br /> � . �� of the sums secured by this Security Instrument by rea.son of any demand madc by thc original Borrower or Borrower'ti r�r "'�3�;
<br /> successors in interest. Any forbcarancc by l.ender in excrcising any right or remedy shall not be u waiver of or preclude thc •.,r. `
<br /> , exercise of any right ar remedy. " :�,,.�
<br /> 12. Successors and Asst�ns Bound;Joint and Several Liability; Co-signers. The covenants and agreements of this ,�y����
<br /> ------.--;- S�curity Instrome�r chnll Mind and benefit ihe .ucce.ceorc and acciens of Lender and Borcower. se�bject to the provisionx of .____.��'��, _
<br /> � .
<br /> ' paragraph 17. Borrower's covenants and agreements shall be jaint and severnl. Any Bonower who casigns thix Securiry r . •��"�
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage. grant and convey that � ' �i
<br /> Borrower's interest in ttie Propeny under the terms af thic Security Instrument;(b)is not penonally obli�ated to pay the sums ` �;
<br /> secured by this Secutit�Instrument;and(c)agrees that I.ender and uny other Borrower may agrec to extend,modify, forbear or
<br /> make any uccommodations with re�ard to the terms of this Security Instrument or the Note without that Borrower's consent. �,
<br /> 13. G►an Chut�;�.if the loan�rcurrd by t6i�Secu�ity in+tiwnent is subjkt tu a taw whidi.ct, �ua�imu�»I��an�8argcti. � 1 =
<br /> and that law is finully interpreted so that thc interest or other loan char€es collectcd or to bc coltected in connecti�n with thc ` ;?I
<br /> loan exceed the permitted limits,then: (al any such loan char�e�hnll he rcduced by the:smount nccey+ary to reduce the charge � . ..`'�,�
<br /> � to the perm{tted limir,and(b)unv sums al rc;idy coltected from Barcowcr which exceeded permittai limits will be refundal to i : �.'
<br /> " Borrower. Lender may chonse to make thiti refund by reducing the principal owed under the Nute ar by making a direct �
<br /> payment to Bormwer. if a refund reduc��+ principal, the reduction will be treated us u partial prepayment without uny t ^r
<br /> prepayment charge under the N��tc. � ��,
<br /> .. .. 14.Notices.Any noticc tei Borcower prnvided for in thiti Security In�trument+hutl he given by delivcring it or by mailing •
<br /> . it by first dass mail unles.applicu6le luw requircti use of another methixi. The notice shull he directeci to the Pmperty Addrc+� JF
<br /> , or any other address Borrower designutc� hy notice to I.ender. A�y notice tn I.ender shalt be given by first cl:s�. mail to � .�' , •-
<br /> � L.ender's uddress stated hcrein or any ather addre+s Lcncicr de,ignxtes by naticc to&�rrower. Any notice provided fi�r in thix ; -
<br /> Security lu,tw�ue�it.tiatt tK:decmcd to ha�•c t+ccn given t« Bnrro�+�er«r Lendcr�:hcn Fiecn a�pro��ided in this paragraph. . • � �
<br /> 15.Governing I.aK�; Severabtlity. This Security inurumcnt .hu�l he gc�vcrned by federal law and thc law uf the .
<br /> ' jurisdiction in which thc Pr��perty i� li�rat�d. In thc cvcnt that an��pr����i,ion or rlau�c uf thi�Sccuriq� Intitrument or thc N<�tc '
<br /> conflicts with applicablc law.�uch conflict .hall r�t affcrt othcr provi.ium<�f thi.Sccurity[n.trumcnt or thc Natc which can bc
<br /> given effect without the conflicting provi�ian. T��thi.cnd the pruvitiion.��f thi�Seruriry Instrument und the Note arc Jeclared •
<br /> , to be sevcrablc. '
<br /> 16.Borrox�er's Copy. Bonowcr.h•rl i hc gi�•en onc rontiirnud cupy of the Nutr and of thin Scrurity Instrument.
<br /> 17.Transfer of the Property nr a Bcneficial Intere�t in Borro�cer. If all or any part��f thr Prc�perty or an��imcre,t in it
<br /> is sold or transtcrrcd tor if a bcncticial int�rc.t in Burro�vcr i. .oW ur tran.l'crrcd and Burru��•rr iti not a nutural per+on)withiiut
<br /> I.ender's prior written consent, L.cnder ma��, at it. upticm, reyuirc imm�tiiiau pay►nrnt in full af all sum� xccumd hy thi.
<br /> ' Security Instrurm�nt. Howcvcr. thi�nptian�twll rxn hc cxrrri��d h�i.cnJcr if rxcrri�r i.pr��hihitcd by fcdcral lua a+of thr datr
<br /> , of this Sewrity Instrument.
<br /> If I.endcr cxcrcitics thiti�ipcion. L.cnJcr�hall girc$u�r�,wcr�x,ticc uf arrcicration. Thc notirr.hall pru�•iJr a prriix!ul'nut
<br /> Icxs than 30 day� from thc datc thc noticc i+ dcli�•cred i►r mail��l within whirh B��rruwrr mu�t pay all �wuy ,crurcJ hy thi.
<br /> Sccurity Insttument. lf Bnrro�ver tail+tu p:►y thc+c.um.priur tu thc rxpiruti�m uf thi�period, IAndrr may inviikc any remcdic,
<br /> ' permitted by this Securiry Imtrumcnt with�iw Cunhrr rnnirr ur J�nund an &�rrua�cr.
<br /> t8. Bnrrower's Ri�ht to Rein+tate. if B��rrnurr mret� certain cunditiimti. Burrawrr �hall have thc right t�� havc
<br /> enfiirccment of thi. Secwity Intitrumrnt Ji�runtinurd ,rt un�� tinic priur tu th�rarlicr uf: la1 S day� tur .uch uther �xri�xf a�
<br /> • aPPlicablc law msy .pccil'y tnr rrin.tatcmrntl Ixti�rc wlc uf thc Pruprn�� punuant t�� any �xi��rr ot'�alc rantaincd in thi.
<br /> Security Inxtrumenr,or th1 rntry nt'a juJE�iunt rnli►rrinE chi. Scrurity Irotrument. Tho�i r�mditiim�arr that B�irrnwrr.�al pa��
<br /> L.cnder all�um�whirh thcn w•c�ul�f br duc un�lrr thi.Scrurit�• (n.trurnent and the N��tc a.if nu arrcicratiun had�K�urrrd: �hi
<br /> curex any default i�f any ather c��venant.air agreemrnt.; tr��pa�.all ex�xn.r•inrurrrJ in rnti�rcing thi. Security Gi�trumrnt.
<br /> including,but not Iimit��J tc�.rra��mahlr attornr�+' tcc�: und (d►tal�r.wrh artiun a� [.enJrr tna� rra.��nahl� rcyuir�t�� a�sum
<br /> - -- �6..��M..I:nn ..f thi.G.v�ritv L��tn�nvnt 1 .nrl..r'.rinht.in th..Pr.�r�..rn •u�.l p..rr..u•..r'. ..hli.�•.ti.•n�..r�•��, thn .um. ..a•��n�l h�
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<br /> thi. Scrurity lnstrumcnt tihall r�mtinuc un�hangrd. t�Fxm rein+tatcincnt h� Burruw�rr. thi. Sccurit� In.trumrnt und thr
<br /> . obligutiom ucured herrh�� �hall rcmuin (utt�rt'tccti�r:i. if n��ar�rlrr:itiun li.�d urrurred. N��u•e�rr. thi.riEht tu rrimtatr.hall
<br /> i . nnt apply in thc c:��c uf acrcicratiun unJcr paragraph 17.
<br /> � 19. Sale of Vote: Chan�qe nf Lunn tien•icer. Thr N��tc or u panial interc.t in the Notr �tugcthcr w•ith thi. Srrurity
<br /> In,trumcnU may bc wld unc ar nnm tinm� aithuut pri��r nutirc tu Ei��rmwrr. A,alc ma� nwlt in a rhangc in thc rntity�{��r���n
<br /> ati the"Lnan Servicer"►thut rullcrt�munthl��u�ment.dur unJrr thr N�itr and thi�S�wurit� In.trumcnt. Thcir ahu mx� lx�m�
<br /> � :� or mnrc chung��+uf thc Iaian Srn�ircr unrelLtcd a�a udr�+t�thc Noic. If thrrr i.;�rhunE�ut'thr Luan k r��iccr. &�rruacr H ill hr
<br /> ' ! givcn wrinen notirc o!'thc ch•rngc in arrurcJanrr�rith para�raph Id ahu�•r and applirahlr la��•. Thr nutirc will�tatr thr nanu cind
<br /> addrcss of thc new I.��an Scn�iccr anJ thc :�fdre�. <<,wn��i�r��►,����t.,n�,uia � madc. Thr natirc will ul.o runt:�in cm� utf�rr
<br /> . inf'arm:�tian rcyuimJ by applicabtc laa.
<br /> 20. Ha�urduus 5u1»tanc�w. B��rroN•cr.hull nut raux ur �xnnit thr prc.rnrc. u.c. �I�.pu.xl. +tura�e.��r rrlca+c ��t am
<br /> r.0
<br /> N:v,urclnu, 5ub�tnnrc+ �m cir in thc Prup�n�•. 8nrruaer .hull ►xn �tn, nur :dlau amunc cl.r t�, du. amth�ng alterting thr
<br /> . Property that is in viulution uf'any�m�m.nmc�nal i.;►a. Thr precaling t��n .rntcnrr� ,hall n�,t apply tu the �+rc.encr. u.e. ��r
<br /> ' , • �turage�m the Property of timall yuuntitic�uT HaiarJuu� Suh,ta�x•c� th,tt arr g�n�r.dl� reru�nvrd t��hr.�r���,r��;n�t�� narm;�l
<br /> m+idcntial u�c.and to maintcnanrc uf thc F'r���cm.
<br /> �••�,�� �•��+ Form 3028 9i90
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