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<br /> � ly oqulwidrnt mcxt�,aae inaurance ec►verage in not Avait�ble,Borrower sh�ll p�y to l�ender esch mamh a eu�eqa�l to
<br />- one-�af thc ycatly rrMrtgoge in5urnnce pnmiam being pi+id by BarmweT whan tho tnsura�tee coverago l�d or cr.�sod.ta
<br /> ��s !�in eifrct.t.sndcP•will a��Pt.usc nnd retn���hesc pnymentg ns n loss reservo ih liw of m�rtgege ins��ranee. I.oss resenre
<br /> pf�y�i�rnt�may�x►�c►n�or ix rcquircd,ut the uptlon of Lender,if mortgage insucance caverage(in the umount uacl far the p�riud
<br /> tlmt L.ender �aqutres)prnvidocl Hy an insurcr approved by Lender aguin becai�us avnilablo a�xl f9 obta(n�d. Borrower sh,all pa�y
<br /> tho prcmiums rtqu8rcd to rnoi►iuir.moKgago fnsurance in effant.oe to provtde a loss r�servo.e�ntil the cequitemcnt for mc�rtgage
<br /> insstranca cndA in accordnnco with any wrltten ug�+eenient bctween Hormwcr and Lender ar epplica6le law.
<br /> y, Inpectlw0.l.ender or ita�gent rtu�y n�alte�easonable erU�es upon and inspections ot the Froperty. I.ender shaU give
<br /> Aatruwer notiee at the ttcno of ar priw to an inspection specifying rc,�sonable causo for d�e inspection.
<br /> - -- -- - ------� i�. Cusuk;;;�:u�sl�u. Thcµrarced:of any a��ard or claltn fRr AnmH�ec,direct or consec�uentinl, in connection with nny �
<br /> condemnatfon or cNher taking of eny part of the Property.or for conveyance in lieu af cundemnedon,are hereby susignal and
<br /> shall be patd fo l,ender.
<br /> I�tho event of a total taking af eho Property.the prucecds shall be uppljed to the sums secw�ed by this 3erurFty lnstrument,
<br /> whothe:r ar not then duo. with any excess paid to Borrower. In the event of a parttal wking of the Property In whlch the fair
<br />- mazket valuo of the Pmpe�ty immediately before the taking is equal tn nr grenter thar►the amaunt of the sums secured by this
<br /> � Secwiry Insttument lmmediately before the tu{:►ng,unless Bortnwer und L.ender otherwise agree in writing.the suras securcd by
<br /> �- ---� thla Security Inst�vmcnt shaq bs reduad by the eraount of the prc�ceeds muldpliod by tha followiag fraction: (a) the tots►I _
<br /> - omount of the sums secured immediately before the taking,divided by (b) the fnir market velua of the Property iuimediately
<br /> , befora the taking. My balance shall be Oaid W Hnrrower. In the event of u partial taktag of the Property in which the fair
<br /> �`' markct value of the Property immedtately before the taking is less thnn the amount of the sums secut�ed immediately befarc tha
<br /> txking,unlesn Borrower and Lender otherwtsc a�ee In wr�ting or unless appUcable law otherwise pmvtdes.the praceads shall
<br /> �' be applied co the sums secu�rd by tWs Security Insmunent whether or not the sums ane then due.
<br /> '} IP the pnaperty Is abandoned by Borrower,or if.nfter notice by Lender to Borrower tbnt the condemnor offers to make an
<br /> - award or settle a daim for dnmages. Horrower fails to respond to Lender within 30 days uR�:r the date the notice is gtven,
<br /> l.ender ia authorized to coltect and apply the praceeds,at its option.either to r�stc+�►don or rep�iq of the Property or to the suma �__-
<br /> secured by ttiia Security Insuvuaent.whether or rtot then due.
<br /> - Ualess Ixnder and Hornnwer otherwlse agcee in writing,any applicadon of pmoeeds to principa! shull not eztend or
<br />_� postpone the due date of the manthly�ayments referred to in para�raphs I and 2.or change the amount of sucfi puyments.
<br /> 11.Borrnwer Not ltete�saj;�cwi�rattoe By Lender Not A Waiver. Eatension of the time for payment or rtx�di'firatIon
<br /> of umortizadon of the sums secured i+y this Securlty Insm�ment granted by Lender to any successor tn interest of Borruwer shall
<br /> not operate to release the liabiliry of the or�ginal Borrower or Barrawer's successorx in inten:st. Lender shall not be required to
<br /> commence proceedings against aay successor in lnterest or refuse to extend time for payment or otherwise modify amorti�ation
<br />. of the sums secured by dus Secudty Instrument by reasfln of any demand made by the ortginal Bomower or Borroaer's
<br /> successors!n Interest.Any farbearnnce by Lender In exercisjng any right or rernedy shall not be a wuiver of or prectude the ____
<br />• execrtse of uny rf�ht or cemedy.
<br />' 12. Sttooessors aud Assfgns Bzwnd;JoJnt and Severa! LiabiUty; Co-slgners. The rnvenants and asreements of this —
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<br /> . ' Securiry Inurument shall biad and benefit the successors and assigns of Lender and Borro�ver, subject to the pravistons of __
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<br /> paragraph i7. Fsorrower's covenants aad �;rccwer,is shait be jo3�t a�d scicral. /:ay Bortns:er �ha cQ-signs tt�is _� sy --
<br /> Insuument but does not execut�the Note: (a)is co-signing this SecurIty Insttument only to.mort�age.grar►t and convey that
<br /> Borrow�i s interest ia ttie Property tmder the terms of thls Secudh•Instrument;(b)is not personally obligrsted to ay the sums
<br /> secured by ihis Security Instniment;at►d(c)agrees that L.ender and any other Borrower may agree ta extend.modity,forbear or ��
<br /> ma(ce any sccommodations with nagard to the terms of this Security.Instrument or the Note without that Borrower's coasene. -_
<br /> 13.I.oan Chs�tges.if the loan secured by this Security instrument is subject to a law which sets muximum loan sharges,
<br /> -' and that law is finaUy buatetpteted'so t1►at the interese or other loan charges collected or to be collected in conncc¢ian.with tha
<br />' loan exceed}t►e pormitq�c4 limlts,Yben: (a)any such loan charge shall be reduced by the amount necessary to Ceduce the charge
<br />= to the pe�rnitted limit;end(b)a�v sun�s aiready wllected from Borrower which exceaded permitted limits will be refunded to
<br /> - Bomower. Lender may choosc td.m�ice this refund by reducing die principal owed under the Note or by making a dlrect �
<br />-- payment to �orrower. If a refund reduces prtncipal. the reduction wlll be treate�l as a partiel prepayment wsthout any
<br /> g pmpayment charge under the Note.
<br />`;� 14.Notices.Any notice to Borrower provided for tn th[s Secur�ty Ynstrument shnll be given by dolivering lt or by mailing ,
<br /> " it by first class mail ualess appllcable law reyuire,g use of anather methad.The notice shall be directed ta tho Property Addc+e.c.g �
<br /> ' ' or eny other address Borrower destgnates by natice to I.ender. Any notice to Lendar ahall be gtven by first class maii to f•
<br /> L.ender's address statod herein or any other nddress Lender designates by notice to Borrower. Any not[ce provided for in this � ��
<br />- Secwicy Inswment shall be deertzed to hav�be�n given to Borrower or Lender when gtven as pmvided tn this paragraph. '
<br />'� 15.Governing Law; Severabllity. This Security Instruntent shall be governed by federal luw and the law of the z•
<br /> � jurisdictIon in whioh tt�e Property is located.Ia the event that any provisian or clause of this Secudty Instrument ov the Note �;.
<br /> • ���;_; conflicts with applict�6t�law. such conflict shul:not affect other provtstons c.f this Secudty lnstrument or the Note whleh can be
<br /> 'i`°�;�:.r;�," siven effect without che wnflicting�rovision.To this end the provislons of this Secudty Instrument and the Note aee decii+rPd
<br /> :;���, to be severable.
<br /> `�F °'�'��_,fi*�n, 16.Borrower's Copy.Bormwer shall be given one conformed copy of the Note and of this Secur�ty Instrument.
<br /> 17.Transfer oi We Property or a Benefidal Interest in BQrco�er.If all or any part of the Property or any interest in it
<br /> - `� �a';'• ;s sold or transferred(or if a beneficial interest in Borrower is sold or transferrod and Borcower is not a natural person)without
<br /> �•,1 ..�_;
<br /> � , �, Lender's pdor written consent. L.ender may, at its option. require immediate payment in full of aU sums secured by this
<br /> �. ��:,,. Security Instrument.However.this optton shall ttot be exercised bv Lender if exerc�se ts prohibitai by federal law as af the date
<br /> � of thls Security Instrument.
<br /> • �}'� If Lender exercfses th[s oprian, Txnder shatl give Bormwer nottce of ncceleration.'fhe notice shnll provide e�period of not
<br /> ' ••�-"�:.i-�� less than 30 days ftons the date the notice is delivered or mailed within which Borrower must pay all sums secured by this
<br /> � -�� Securlty Instrument.If Borrower fails to pay thesN sums pdor to the expirat�on of thts per�od.I.ender mny invoke any remedies
<br /> "�,,�„ permitted by this Securd�}!In�stn�ment without fu�her notioe or demand on�orrmwer.
<br /> ` "t:•^'`� 18. Borrower's Rlght to R�inState. If Horrower meets certain conditions, Borrower shail P�ave the right to have .
<br />- �'� � '°' enfoc�ement of this Secur3ty Instraa�ent discontinued at any ttme prior ro the earlier o4': (a) 5 days (or such other period as
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<br />_ � upplicable law may spacif}r for �einstatement) before sale of tPee Property pursuant to any power of ssile containerl in this
<br /> • Secudty Instrument;or(b)entry af a judgment enforcing this Securiry Insnvment.Those rnndidons nre that Borrower.(u)pays
<br /> •s"��~':•:.�'� � " Lender all sums �vhich then would be due under this Security Instcument and the Note as if no ascelerarion had occurred: (b3
<br /> '�•-�' �� ,��'� cura any defautt of any other cx�venants or agr�ments: (c) pays all expema�cs incurned in enforcing this Security Instrument.
<br /> = . �;��'?�-,�,� including.but not limited to.reasonable uttomeys' fces; and(d)tokes such action as Lender rnay rasanably require to ossure
<br /> +°. - Y==�•-�"�-�---. that tlie lien of this Security Insmsment, I.ender's rights in t fi�e 1'roperty an d B orrower's obli�ation to pay the sums secumd b y
<br /> -����- �°i��i;='r z�:;• chts Security instrument shull eontinue une6angod. Upon re�nsmcemenc oy �iorrower, �nts �ecuniy in�irunm�i ���� ���
<br /> �°-{' „' �::�:�. oblisations secured hereby shall remain fuily effective as if no avcelerarion had occurred. However,this right to relnstate shnll I
<br /> " „�y�`'�� "' 'it not apply in the case of acceleration under para�raph l7. .
<br /> 19. 5ale ot Note; Change of Loan Servicer. The Note or n partial interest in the Note (togcther with this S��curiry
<br /> Instniment)may be sold one or more t[mes w[thout prior notice to Borrower.A sule crwy result in a ch�nge in thc entity(kno�vn
<br /> - , sis the"Luan Servicer")that collects monthly payments due urtder the Note and this 5ecurity Ins�cument.Ttiere ul�u muy be une
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<br /> � �r more changes of thc I.oan Servicer unminted to n saEe af the Note.If there is p chm�ge of the Loan Serviccr, Borrower wilt be
<br /> '` � �iven written notice of the chunge in accocdnnre with par�mph 14 above nnd applicable tuw.The notice will stute the name and
<br /> ��+►!�'y� ' addcess of the new Loan Servicer and the uddr�s to �oh[ch payments should be mude. The noticu will also rontuin uny��ther
<br /> - .� � ' � '}� infom�ntion required by npplicable law.
<br /> p ' 2Q. Hnzae+dous Substancc.w.Borrower shull not rause or permit the pres�nce. utie, dispos:sl, storuge, nr relrasc of uny
<br />__ i Hormdous Substanoe� on or in the Property. Borrower shall not do. nvr allow anynne rise to do, unything aff�ctin� thc
<br /> Property that is in vloltttion nf uny Hnvironmental Law. The preceding twu sentences shall ncx:�pply to the prcscn�ti, use.or �"
<br /> • � storage on the Pro p crty of smflil quuntittes of Hcvardous Substances that are gerter�lly re�bgniud to be c►ppmpriatc tv nurniat
<br /> ' • •' s � residentiul uses an d to maintenance of the Property. I�
<br /> . . , raso a oe a Form 3028 9180
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