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<br /> -`°`�%� suUstantlally e.�uivnlcpt mortgag�insu�anc�cwverage is not ovaUablo.8arr�awer ahsll pay to Lender eACh month a sum egual w
<br /> - -==�� anc•twolflh cif tho yenriy ntongngo lnsumnoe premium bzir+g patd by Bomawer when the insurnnca oovcrage lapsad ur ctsised to �Q
<br /> �,,.;,�``�� ha in eti�ct.Lender�viii ne+.��t,ur.�a�d�::taia th�a p:tymettts ss s losa re�erve in !!au af mortgage insurnt�. I.rsns nesorve ��..� _ -
<br /> ..
<br /> z_,�. pttymente may np longer bo requirod,at the optton of Lender.(f mortgage insururtco cavemge(ln the amowu aqd taY tN�period �
<br /> `.,,>:
<br /> :�a_,,��T,�,.� thn[.er�cr r..�ciir.$)provided by n�1ns�rer�pmved by L.ender agadn becomes uvAilabla nnd is obtgined.Bormwer sha puy� _ � LL_ _
<br /> ;#;,�,.�.,,t�;,:•t� thc premiuma rer;uired ta m�intain martg�ge insurance in effect.or tb provide n lass reserve.until the�equiremem for martgago!�' __
<br /> _� insumttce endA in nccar�anx with any wr�tten agreement betwcen Borrower and l.ender or npplicx�ble luw. �
<br /> '-"�=:��i� 9.I�p�tion.l.ender ar Its agent may muke reusonable entries upon and i��spectfons of the Property. Lcnder ahall give� -
<br /> -`°T''�"��'��'� Aartower notice at the time af or p:ior to an inspection spocifying reasonnble�use for the inspcetion. --
<br /> " "�^ " 1�.Coudem¢w4lost. The praceeds of nny mvard or clnim for damnges, direct or cansequential. i�cannection wlth uny -------
<br /> ...
<br /> t' ~ ��� '' '''�� candemnation or other taktn of an art of the Pro rty,or for conveyance fn lieu af wndemnation.ara hereby assigned and �
<br /> .: ,. .-
<br /> .,. ,,. ,
<br /> ' ;.� �� 2 shall be pnid ta Lendcr. g y
<br /> � - In the event af a tatn!taking of the Property,�he pmce�s eh�ll be upptiec!tu the sums secured by thia Sec�dty inatrument, __-__ ___
<br /> ' whether or nat then duc, wtth any excess psid to Borrower. In the event of a purtial tahing of the Praperty in whlch thB fai�
<br /> � market vulue of the Property jmmediute!y befor�the teking is equal to or greuter ttuu�the amount of the sums se�ured by this —_.-_- __
<br /> ttuu
<br /> Security Tnswment imme�iately bafore the takiag.unless Borrower and Lender othenvlse agree in writing.the sums secu�ed by �„�;4^n.:
<br /> this Secur�ry Instrument shall be reducetl by the amount of the prooeeds multipliod by the fallowing frnctlon: (a) theetotal ��
<br /> amount of the sums secu� immedtutely bofore the takIng,divided by(b)the fair market vnlue of the Property immedistely �:s.:�=-
<br /> before the tak[n�. Any balance shsll be�aid to Borrower. In the event of a partial tekIng of tha Proparty In which th6 fair �'`�-� _
<br /> market value of the Property emmedtatety before the taking is less than the amount af the sums secured immediatcly before the �_ __
<br /> �-�-=-
<br /> taking. wiless Borrower msM A.ernd¢r QtQ�erwise agree in cnrnting or unless applicab�e law othenvlse provtdes.t@ee prooeeds shall �.__
<br /> be applled to the sums secaiee�8 by tP�is Socwrity Irtstrumeee¢wheth¢r or rtot¢he sa�ms are then due. ��„*_���°;�
<br /> If the Property is abandorted�y BQmower.or if,aflt¢r�eotice by flxn�ler to Borrower that the co�ndeimaoe offers to make an �;,_;,,�.;=`
<br /> �r.�.�.,.1.a.
<br /> award or setde a claim for damages. Borrower fails to resport�eo 1Lender within 30 days after the dace the notice is giv¢�, ������
<br /> ' (.endee is author�zed to coilect und apply t�ee pr�s,ae its opteon,eether to restoration ar nepaie of aG�e�roperty or to tha saEns ��„-a-�y,.
<br /> � secured by this Secur�ry Instrument.whether or not then due. ��.�s--
<br /> Unless Lender and Borrower otherwise agree in erfriting. any application of prooeeds to princiga! shaJl9 noi eatertd or ��„'`_ `
<br /> :;,.:,;;'� pestpone the dae date of the monthly payments mfemad to in paragraphs 1 and 2 0�change the amount of suc�g�aymanu. .�.;__
<br /> lII.Boraower Not Relei►sed;Forbeacance By Lender Not a Waiver.Extension of the rime for paymenc or moditication L�,.
<br /> _�;�.;'�� �'-.-r-
<br /> `• of a�rtartization of the sums secured by this Seaurity Instrament gra�►ted by Lertder to any successor in Interest of Borrower s0ia1� °�����-c�:
<br /> " nut operate to release the liability of the original Bornower or Bornower's successors in inte�est. Q.ender shall not be requiredl Qo '`'�
<br /> ,..
<br /> ° ° • commence proceeciings against any successor in intenest ur r�efuse to extend time for payme�a or otherwise modify amonizaQia>n �'
<br /> of the sums secured by Ehis Securiry Inst�ument by reason of any demand made by the original Botrower or Borrower's - a�"-
<br /> successors in interest. A�y forbearance by I.ertder in exercising any right or remedy shalt not be a waiver a€or preclude the ���;��,- u._
<br /> " exercise o+F any risht or reattedy. t-�' -
<br /> 12. SuocesSOrs an�d Asslgns Boteeed+�oin4 aeid Several Ltability; Co-signers. The rnveaanu and agreements of this �-
<br /> Security Insuument shall bind and benefit the successors and assigns of Lender and BorroweP, s�ebject to the provisaons of ----
<br /> °i;-==='.----- paraKcap li 1 7. B o r r a�e:'s.:,�;c n a n t� a r,d a g r e e s::r.^.°s s h a!! b e j o i n t a n d �vP�t An y Borrower who co-signs this Socurity ��.^� .
<br /> �"'�� lnstrument but does aoe execute the Note: (a) is co-signing this Security Instrument only to mortgage, graett attd convey that �;�,_.
<br /> ':� :;;, . ' Borrower's inter�est in the Pmperty under the terms of t�is Security Instrument;(b)is not persanally obliga��¢o pay the sums =-_
<br /> �J•�� ;,;,, secured by this Security Instrument;and(c)agrees thac l.ender and any other Bomower may agr�to extend, m�dify.forbear or �,,;_
<br /> ;i•;;.:::� make any accommodutions with regard to the terms of this Security Instrument or the Note withc�ut that Borrower's consent. ��;;,-��
<br /> ��,j;.�.;�,; 13. Loan Charges. If the loun secured by this Security Instrument is subject to a law ahnrC►sets maximum loan charges, ��`�f:`
<br /> -''•` and that law is finaUy interpreted so that the interest or other loan charges collectetl or to be collected in connection with tU�e �"
<br /> loan excezd the permitted limits,then: (u)any such loar�charge shall be reduced by the amount nec�ssary to t+educe the charge . -. .-
<br /> ' to the permitted limit;and(bl any sums almady collected from Borrower which exceedefl permitted limits will be refunded to ,,,:;,,:��°,"'; _
<br /> ' Borrower. Lender may chouce ta make this refund by reducing the principal owed under the Note or by making a direct •• .
<br /> • . payment to Borrower. If a refund reduces principal, the reduction a�ifl be trea[ed as a partial prepayment without any �
<br /> prepayment char�e under the Note.
<br /> 14.Notices.Any notice to Borrawer provided for in this Security Instrument shall be�iven by delivering it or by mailing
<br /> it by first class muil unless applicable law requires use of another raethod.The notice shall be directed to the Property Address
<br /> • , or any other address Borrower designates by notice tc� Lender. Any notice to L.ender shall be given by �tst class mail to . �;
<br /> Y{'-'
<br /> ���. Lender's address stated herein or uny other address Lender des+gnates by notice to Bonower. Any notice providaci for in this •4
<br /> :4.�.' ; Security Instrument shall be deemed to huvc been given to Borrower or f.ender when given as provided in this paragraph.
<br /> '•'°'' ` IS.Governtng Law; Severabili3v. This Securiry [nstrument shall bc gaveme�d by federal law and the law of the .
<br /> :,�.... ..
<br /> ?��t���' • � jurisdiction in which the Property is lor:►ted. In the event that any pra��i�ion or clause of thi�Security Instrument or the Note
<br /> ' �" conflicts with applicable law, such conflict shall n�t affert other prov���on�of this Security Instrument or the Note which can i�e I
<br /> • given effect without the conflicting pm��ision. T�this end the pmvi�ions of thix Security in�trun�ent and tl�e Note are declared hr;, . ,
<br /> � to be severable. ' � ' ��':��
<br /> 15.BurroHec's Copy.Barrovrcr sh:e!!ix given one conti,rmeJ r��py af the N�te xnd��f thi�iecurity Instrument. �,� � • �
<br /> ;•�•,� 17.Transfer of the Property or a&beneficial Interest in Borrower.lf all ar any part of the Propeny or any interest in it �;'.
<br /> ,<. '� is sold or trunsferrcd(or if a tx:nefictal intere+t in Borrvwrr iti wid ex transferr��i anJ Borrc�aer ix not a natural person)withnut � ,
<br /> . "��.•'• L.ender's prior written amsent, Lcnder may, at its ��ption, rcyuire immeciiate payment in full ot' all sums secured by this ;
<br /> ":�i;. Security InstrumenL However,thiti uptian xhall not be exercised by L.cnder if e�crri,e is pruhihited by federal law as of the dute �
<br /> :��:� uf this Security Instrument.
<br /> • � �� If Lender exercisc�this��ption. I.rnd�r�tiall give Burro��•er ni�tice uf arcelcration. The noti�c shatl provide a periocf of not I.
<br /> ,r;:,��i less than 30 duyti trc�m the date the n��:i:: :� drlivered or mailed within �vhirh Burro�cer mutit pay all tiums�ecurecl b� this �
<br /> '�,�• �' Security Instrument. If&�rcu�vcr fail.a.��na} an�se��m.priur tu the expiration of thi>peric�d.Lendcr may invoke any remedieti i
<br /> , � perniitt��i h��this Security lnstrument�viE�c�u� ".'ari�;:r.n:i�e ur drmand��n&�rrow•er. ,
<br /> 18. Borro�ser's Right to Reiogrtuue. Cf 63.�r:rv cr mc�t> rrrtain runditiom. &�rn�uer >hall ha�� r.[i: right tc� huve .,i�
<br /> �� • � � .�!'• enforcement of thi. Scrurity In,trumen� ui�.�mn�uz::+�an� tittu priur t�� thr carlicr c�F: �si S �.ty,(rr :u�[� arher pericxi a� �
<br /> :. .�.,..�; ;C�:"
<br /> .`;,,.•��,�' ,. •� , appli�xble law ma�• specif}• liir rem,c.i-ee^:^r� ;��r�.�re �ale i�f ttte 4'ruprtt} pur,uuut t�� an. �,.,.r of sale contain��d in thia ,
<br /> ,"?:, . • ;�.+', Serurity IIrtaerumrnt:ur Ib)entry �,t a ia���,^'��t en:�1fC1�1�1 l}lI�$CCUCII) In,trumrnt.Thu,e iv[t�lit��'�•:1�C that Burro��er ia�p:���
<br /> �•;-�•; L.ender a[[ sums ��hich thcn �+•�tia[d hr da�u�ider th+�Serurit� lmtrwnent:mJ tlir tiot�s� cf a��accclrratiun haS occurrc�i: ch�
<br /> ,� � ' � �ures any defauk of an} nther ai�cnanth itt agrcert:e�r�: 1�� pa)�alt r�Exn>�+ mcurr��t �n rnturcing thi�sec:uritp In�trurtent.
<br /> `� `� including, but not limitrcl tn. r�s�.onablc:�tt��rne4.� ra•>. anJ�d)take.,urh u�n��n a� Lcnd�r may rc�k�nahl� rcyuirc to a��urc
<br /> � that the Iten of this Srrunte in.trument. Lender`. rr_h�:,in thc Prop�m and B��rr��urr'���hlii.�tinn to pa� du wnt��e�urecl h�•
<br /> . n .�.. _.i t�...... .,� h. R.,rr..w.,r thi. C.•�vintt In�tntment :1tlt{ Ihl• .
<br /> j iiu� �uniy u„u�ni�ui ;;�u,� �..,.:;:�u� ���,��:�.�. .,Y.... :�:�:�•:::::.... ... _.... _ . . ---
<br /> � obligatiom�e�ure�l hereb}•�hall rcm.��n Iull� ctfc�ti�r a�ii'ni�arceleraticm had��crurr�d. T-Eou���r, thi>right to rrin�tatr.hall
<br /> not apply in the rax uf acrcleratii�n und�r paraeraph 17.
<br /> 19. Sale of!�otr; Chan�e oF I.uni� tiertiicer. 'Ch� \otr ur a panial intrr�.t in thc ti��te (tu�rthrr with thi� S�YUrity
<br /> In�trumentl may lx�uW one ar murr ti►nc,N ithuut��nur n�,tice t�,Burru��er. A.:ilc ma� re:+ili :n a changc in thr entit� tkna��•n
<br /> ati the `Luan Sen•icer")that cull�tit.nwnthl� pa�meat�Jur wxirr thr ti�ur and thi.Sr�urn� In+trument. Thrrc al.��ma� hc��nr
<br /> �ir marc change+olthc I.118�t Sl`f�ll'l'i Ut1RI8lCt�I���\dIC lt((I1l'Vutr. If there e.s�han�c ul'the L��an Srn�irer. &,rca��rr aill he
<br /> given wriiten notice of the rhange in acc�►rdanrr��ith paragrsph 13 atx��r and applirablr la.�.Thc nuticc��ill.tate thr namr anJ
<br /> addres�uf thc nrw lerrn Sen•i.tir anJ the addre�,t����hirh paymenh�h��ul�i hr mad�. Thr nuuce aill ahu�untain am ��thcr
<br /> inti�miatiun rcyuir�d b� aQplic:�hlr la��.
<br /> 20. Hazurdous tiubstun��r+. &�rru��cr .hall nat caux ar fxrnut th� �tr�rn�r, uu, Ji.�u.al. .n�rag�. ur rrlca.r ��f am
<br /> H:vaniou� Subtitaixe. un ur in thc Pr��Fxrt;.. &�rru��er ,hall nut Ju, nur all���� amune cl.r to d��, :�mthmg aff��:tmg thc
<br /> Pn,p�rty that i, in�iulatiun u(am �m iranm�ntal L•n�. Thc prcr�Yiing tau .entrnir..hell n�,t appl� t�+thr prc.esnr. u�c. ur
<br /> ' .turu�r��n thc Pru�xcty uf vnall yuunuti�.��f}{aiarduu,Suh.tanr�.that .u� Lcnerall} rca�gmi«I tu h�.ipp��,pnatr to rn�rmal
<br /> rc+idcntial u+c+anJ tu maintrnanrc��f th.Pru�xm.
<br /> , , ., Form 3028 9 90
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