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<br /> -- sub�W�{y e�wilqu no�tg�e Inauranoe covcr�ga ia rwt available,Bomnwer shallpay to[.ender cach manth a sum cqwd to
<br /> " onel�fti�of iN►y+leti�y mortgage insorwjce premlum bcing patd t�y Batrower when the�nsursnx covernge lapsal ar reased to
<br /> be ln e o�,�1;�dlc w!@�ucapt,use nnd rewin these paymenta�a n I6ss reserve in lieu af mortgage insuranai. Loss reserve
<br /> payme�tts mey n6 ton�er bo required,ut the option af I.ender. if�n4rtgt�go inswuncc covcmge(in the umount artd for Ute per[od
<br /> ehat Lender eeyuires)provIdcd by un insurer npFrovcd by I.cuder agnin becomes avn�lable mid is obtuined. Borratver�ht+ll p:►}� - -
<br /> � thc premiums rcquircd ta mninwin mortgage insuranco in cffcct,or to provide a loss reserve,until thc requirement for mortgoga�
<br /> insurnnce ends in accordanco with any written agreement betweenBorro►wer uad I.ender ar applicubla Inw.
<br /> -- , 9. Inspcetton. I.cndor ur ita agent may make re.�.�;onoble antr�es upan ur�d inspecdons of the Pmperty.Lendcr shall give �
<br /> - -- --- Barrnwer nodce at the t[me of or prior to an inspecdon specifying reasonnblo cuuse for tho inspeclton. 4
<br /> 10. Condemnatlon. The proceeds of any award or claim for ds�mages. direct ar wnsequendnl.in cannecdon with any
<br />-°__ • +. condemnntion or other tnkinA of any ptut of the Property.ar for conveynnce in lieu of wndemnuqion,ure hereby asslgned nrtd �
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<br />—"='��""°°°'°�"� shell be paid to Ixnder.
<br /> in the event of u totul taking of tha FropErty,the praceeds shn116e appliod to the sums securca3 by thia Se�urtry instrument. —
<br /> y ' whether or not then due. wtth any exce.ss paId to Borrower. In the event of a purtltil tnking of tkie Propeny in which the fuir
<br /> market vnlue of the Propecty immediately befnre the ttilcing is equul to or greuter than the amount of the sums secured by this
<br /> � Securlry Instr+�ment immediately beforc the taking,unless Borrower and i.ender otherwise agcee in wridng,the sums secuc�ed by
<br /> � �. � this Secudty Insirument shaq be reduced by the cimount of the proceed� multipiled by the followin� fracdon: (a) the total ___
<br /> ' �_ amount af the sums secured immodiatety before the taking,djvlded by(b)the fuir murket value of the Property immedlately =
<br /> � before the ttitcing. Any bulance shall be paid to Horrower. ln the event of a partial taking of the Property in which the fair =._
<br />''� ' murket value of the Property Immediately before the taking is les.s than the amount of the swas secured immediately before the
<br />� ' �':�'�,;-'�1,t takins.unless Borrawer and Lender otherwise agree in wrtting or unless applicable law otherwise pmvides.the pmceeds shall �._
<br /> ;�h ��;�{�+�w,, , be applial to the sums secured by this Security Instn►ment whether or not the sums sue then due.
<br /> ' if the Property ls abandoned b Borrower.or if,aRer notice b Lender ta Horrower that the condesnnor offers to make an �'�'
<br /> tr�'�i,,�'`�.��,3••s,'. Y Y �,�;r_.
<br /> -s�;;�; �';: award or settle u claim for damages. Borrower fuils to respond to Lertder within 30 duys after the ds�te the notice is given. _.___
<br /> ^�•``• • • ' Lender fs author�zed to collect and apply the proceeds,at its option.either to testoration or repair of the Propetty or to the sums --
<br /> ��J1�'.:.:.;'�'x'�'�- secured by this Security Insuument,�vhether or not then due. �K
<br /> .:'r�i>':;,. ��:� :':' Unless Lender and Borrower otherwise agree in wriUng, any application of praceeds to pdncipal shall not extend or :�1�.`:;
<br /> ;,;.�::"�;;t�.�_`*":.� postpone the due date of the monthly payments referred to in p�ragraphs 1 and 2 or change the a�nount of suc h puyments. •�,,:�:
<br /> � * 11.Bornower Not Released;Forbearance By Lender Not a Walver.Extension of the time for payment or moditcatlon �
<br /> • ` of amort�tIon of the sums secured by this Security Instrument granted by I.ender to Any successor in interest of Horrower shull ,
<br /> ''�`���� '��Y��*�� not operate to release the liabillty of the ori�tnal Borrower or Borrower's successors in interest.Lendet shall not be required to ';�`_`:-
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<br /> . �� " commertce proceedings against any successor In interest or refuse to extend time for payment or otherwise modify amonixatian
<br /> `��```�;; �' �;' of the sums secuced by this SecurIty Instrument by �euson of any demand made by the or�ginal Borrower or Bormwer's -
<br /> •;.�1,;:�:.. ,;• . � successors in Interest. Any forbesirartce by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> . � exerelse of nny rlght or remedy.
<br /> • � '�� � IZ. Suooessora und Assigns Bound; Joiat and Several LiabiNty; Co-st�neis. The coves�ants and agretments of this -
<br /> • • Secwity Instrument shall bind and benefit the succ.essors und assigns of Lender and $orrower. subject to the provislons of
<br /> . . � �,. para�rnph 17. Homower's covenants and agreements shall be joint and several. Any Horrower who co-signs this Secudty
<br /> _ �;...� , y- . _; i����s�t�,rc nn� exer.ute the Note� (al is co-siantne this Security Instniment only to mortgage, grant and convey that _,_
<br /> • � Borrower's interest in t8e Aropeny under the terms of this Secudty Instrument;tb)is not personally abligated to ay the sums "r��.:
<br /> secured by this Securit��Instrument;and(c)Agrees that I.ender anc!any other Borrower may agree to eatend.modity.forbear or , �
<br /> . . muke any acoommadat�ons with m�urd to the terms of this Security Instrument or the Note without that Borrower's consent. :
<br /> �; , ' 13.Loan Charges.If the loan secured by this Security Instrument is subject to a law which seu maximum loan churges.
<br /> , . aad thut law is finally interpreted sa that the interest or other loan charges collected or to be col lected in connect�on�vith the •
<br /> ' � loan eaceed the permitted limlts.then:(a)uny such foan churge shall be reduced by the amount necessary ta reduce the charge
<br /> � •- to the permitted limit;and(b)any sums elmady callected from Borrower which exceeded permitted limits will be refunded to
<br /> •••�'� �� � . Borrower. L.ender may choose to make this refund by reducin� the pdcecipa3 owed under the Note or by making a dtrect
<br />'. . payment to Borrower. If a refund reduces principal, the ceduction will be treated as a partial prepayment without any
<br />_ � � � prepayment char6e under the Note. .
<br /> ' " 14.Notices.Any notice ta Borrower provided for in this Security Instrument shall be given by deliverins it or by mailing
<br /> -� ' it by first class mail unless applicable law requlres use of unother method. The notice shall be dir�:cted to the Property Address '
<br /> " �%'.,•� - � • ' or any other address aorrower designates by notice to Lendcr. Any notice to L.ender shctll be given by first clnss mnil to
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<br /> • ;;i � Lender's address stated herei�l or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> ' " Security Insmiment shaU be deemed to huve been given to Bonower or L.ender when�iven as pmv ided in this paragraph.
<br /> ' �• �" 15.Covernln� Law; Sevecablqty. This Securiry Instrument shall be governed by federal law and thc law of the
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<br /> 3udsdIction in which the Property is locAted. In the event that any provision or clause of this Securlty Instrument or the Note
<br /> ' ,, �� rnnflicts wlth applicable law.such conflict shall not affect other provisirns of this Secudty Instrument or the Note which can be
<br /> „ . � � given effect without the confltcting pmvtston.To ihis end the provisions of this Security Instrument and the Note are declared
<br /> . � � - to be severable.
<br /> .. 16.Borrower's Copy.Borrower shall be glven one conformed copy of the Note and of this Security Instrument.
<br /> ��. s'�'' 17.Transfer of the Property or a Benek3ciel Intemst in Borrower. If ull or uny pan of the Property or any interest in it
<br /> - � " '°' is sold or trunsferred(or if u bene�cial interest in Borrower is sold or transferred and Bormwer is not u naturai person)wtthout
<br /> � �'•''"=ti ` Ixnder's prior wdtten consent. Lender may, at its option, requjm immediate payment in full of nll sums scxured by this
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<br /> ,,�y;S��,•• . Security Instrument.However.this aptian shalt not be exercised by Lender if exercise is prohibited by federnl law as of the dute
<br /> . ,�``� of this Seeudty Instrument.
<br /> � �:�;�� ,. If I.ender exercises this optinn, Lender shall give Barrower notice of ncceleration.The notice shall provide a periad of not
<br /> � ��;;•f; less thun 30 duys from the date the notice is deliveral or mailaci within which Borrower must pay alt sums securad by this
<br /> '� � � Securiry Instrument.If Bvrrower fails to pay these sums prior to the expirtition of this period.L.ender may invoke any remedies
<br /> ; pemdtted by this Securiry Insuument without fiurther notice or demand on Borrower.
<br /> _ , � 18. Barrower's Rt�t to Reinstate. If Barrower meets certain conditions, Borrower shall have the right to have
<br /> enforcement of this Secu ty Instrument discontinued s�t nny time prior to the eartter of: (a) S days(or such other period as
<br /> ' ¢: • applicatale luw muy specify for rein.gtatement) before sale of the Property pursuant to any power of snle conwined in this
<br /> _ . • . Securiryr lnstniment;or(b)entry of a judgment enforcing this Securiry Instcument.Those rnnditlons�re that Borrower.(a)pays
<br /> � , �, I.ender all sums which then would 6P due under this Security [nstrument and the Note as if no�cceleration had a:curm3: (b)
<br /> ! cures an y default of un y other rnvensints or agrcements; (c) pays ull expenses incumed in enforcieg this Security Instrument.
<br /> �'.` . � includin�,but rtot limited to, nasonabte uttorneys' fe�;and (d) takes such��Kion as Lender may rrasonably require tu assure
<br /> - ' thut the tien of this Secudty Instrument. Lender's rights in the Property und Borrower's obligation to pay the sums secumd by I
<br /> `` � this Security Instrument shrsll mntinue unchunged. Upon reinstatement by Borrower, this Security Instrument 3nd thc
<br /> - -° ... -• ----��---�-�-�-°----:- �•��-•-�-_--•--- -�------��.:__�_a_....��., �._..._.__ .�:___�..__:_.....__�_�� �-
<br /> � - VDII�IIlIV1IJ JRUtCIt uGINi Dltuu tGttnitt wu)euq.at�e w u IN{h�.b0.tPttV�t t�RY tM1�4�tW. ��vn���.�• ��na��gua�v�euw�aa�.auma I. .--
<br /> _ not npply!n the cnse af acceleration under paragraph 17. i
<br /> � 19. Sule ot Nate; Chunge of Loun Servtcer. 'The Note or a partial incerest in the Note (together with this Secudty
<br /> ° Insuument)may be sold one or mom ttmes without prior nutice to Bomower.A sale may result in �cha��ge in the entity 1 known
<br /> . . as the'Ltian Servicer")thut coltects monthly payments due under the Note nnd this Securiry In�trument. There:ilso may tx:one �
<br /> „ ur more changes of the Loan Servtcer unrelated to a sule of thc Noic,lf thcrc is a rhan c of thc Loan Scrvircr.Bc�rmwcr will bc i
<br /> • given written notice of the chunge in uccordance with parsgruph 14 above and applicab�e law.'t'he notice wili state the name:uid �
<br /> nddras of the new Loan Servicer:snd the uddmss to which payments should be made. '1'he notire will also��nt;iin uny other �
<br /> 1 ` , :,; information cequlred by applicdble law. ;
<br /> 1'0. iW�ardou4 5ubstnnces. Bamower shall nvt r:iuse ur petmit the presert�r. ur+e,dispos�l, storaFe, or rele:sse ��f uny
<br /> � Notiudous Substnnces on or in the Propsrry. Borrower shalf not do, nor idlaw unyone cise ta do, anything atTecting the 1
<br /> ° "'� Prope�ty that is in violntion of any Environmental Luw. 'the preredin�two s�:nten��cs�h:►II nut upply to the presencc. use,or �
<br /> - :,�, �•'.�. ,;: storage on the Property of small quantitIes of H�;►ndous Substartces that are�erterully rc�bgnized tu bc appropriate to n��rmal
<br /> '� : . restdential uses und to maintenuncc of thc Property.
<br /> , v�ne a or a Fom►3028 9180
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