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<br /> sab�tantially•oquival�nt.�r�rlt�W+��coversge is not av�ilable..&lrrnwer ahntl pay tu I�xfer e�cb maMh a aau aWd�a
<br /> • orr.c�rciRh o!the ye�t�y NM�Y�M?''�!!?��Pnmium being p�id by Borrower+a�hen the insursu►ca coverage l�d or ceaed to
<br /> � be in e�fost.l.a�d�will:�opt��ln�a Rtain thes�p�ryi;�nts as� p l::ss :�.�rye tn !j!'�! O} ►�±�KQSge Insuta�cn. Lotc taexve
<br /> paymentg ntiay�xy longer be t�s�uif�ct,ut�hc uptlan of i.,c.nclh:r.if'�t�art�age fnsurnnco Gaverage ii�t the enw�mt and far the prric�rfaC+
<br /> thAt l.c��dcr requircY)pravidcd by sn iqsurcr approvcd by I.cnder aKain t�snmes nvailable�nd 3s�obtainad. }3orrawer stwli �►r-�,,.
<br /> o tho pttmiums ceyulepd co maintain mortgage insurancx ln cifcct,or ta pxovide u loss reservt,un4il lhc��ulrrment far m�rtg�ge�
<br /> insura�xro ond�In s�nrdance with any written a�rcei.nent betwoe#�Horrowtr end lxndcr or applic.AMe law•
<br /> y�in�pectlon. L,erxlcr ur ite aRent nuey ineka reasar�ablo cntrles upa and in.epoctions oP the Pro(xny. 4ender�h�tl giv� �
<br /> Bormwar notice st the time of ar pdor to en in�peccion�pacifyin�rt�.�nib�e e�uso for the inrpection.
<br /> !p.Gon�emnatlnn. 'fiio pr�x�dq�f any uwser! or ciaim !'or damage�, direct ar consequentiel. in rnr+nection with any
<br /> co�derntt�tlon or other taking aP any pnrt of thn P�x�perty.ur fi�r wi�voytutce!n ticu c�4 cnndPmheti�m, Hre herelfy exaiRned
<br /> xhall bc piid to Lcnder. '
<br /> in thc ovent of a tatal tuking af tha Praperty,tl�c pmceals shall bo upp11a1 to the suma sxurcd by thia Socurity instntinenk,
<br /> whcther or not then due� with uny ea�s paid ta&�rrowor. In the event of u purtia!enking of the Property In which the fair
<br /> m�erket vulue of thc PcopertS+ imrreedfately bofore the tcdcing is equal to or grcater thar►the amount ot th�suma securod by this
<br /> Sccudty instrument immediateiy before the taktng,unless$orrowor and l.endtr othen�vise egrre in writtng.the suma sccured by
<br /> thia Security Instrun�ent shull be teduced by the amount af tho prc�s multipliod by tha following fractlon: (a) the eatal
<br /> umount pf the sums eaumA immedlauly before die Utking.dlvtdcd by(b)the fair msrket value nf tha Property immedlately
<br /> before the taldrs8• Any bulonca Fhall be paid to Borc�ower. In the eVent of u partial takiag of the Pruperty ia whtch the �air
<br /> market value of the Property immediately before the tuking is less thun the amount of the sums secured immedirately before the
<br /> taking. unless Horrower su�d I.ender otherwise agree in writing or unless applicable law atherwise provides.�he proceeds sh�ll
<br /> be appliad to the sums secured by this Secudry Instrument whether or not the sums ure then due.
<br /> If the Property is abandaned by Bonrower. or if.after natice by Lender to Borrower that the condemnor offecs co muke an
<br /> awnrd or settle a claim for damages. Horrawer fails to reapond to Lender within 30 days ufter the dl�te rhe notice is siver,
<br /> Lender Is authnrized to collect nnd apply the proceeds.at ita optron, either to restoration or repair of the Ptopetty or to the sumv
<br /> secured by this Security Instrw�►ent,whether or not then due. ����an of ��� �nci al shall not extend or
<br /> Unless Lender and Bormwer otherwise agre� in writins. amy app' p Q P
<br /> postpone the due date of the monthl��paymen�v refeaed to in pungmphs 1 and 2 or chaage the arnount of such payments.
<br /> 11.Borrower Not Released;Forbearance By i.ender Not a Watver.Extension of the time for payment or modification
<br /> , ,� of amortization of the sums secured bY this Security Instrument granted by L.ender to any succe.ssor in Interest of lBorrower ah�ll
<br /> rtot a p erate to release the liability of the or�ginal Borrower or Borrower's�uccessors in lnterest. Lender shall not be required to
<br /> commence proceedings against any successor in interest or re fl i s e t o ex t e n d t i m e f o r p a y m e n t o r o t h e r wi s e modj f y amottization
<br /> of the sums secured by this Secur�ty Instrument by reason of any demand made by the original Borrower or Borrower's
<br /> ti�;ti ,:�.•-. successors in interest. My forbearance by L.ertder in exercising any right or remedy shall not be a waiver of or preclude the
<br /> .�:s;��;, eaercise of any rlght or remedy.
<br /> , _r.:;r : u•:�
<br /> , �.....,��•j; .,i� I2. Sua�essora aud Assigns Baund; Joint and Several Ltabiltty; Co-slgners.Tha covenants and agreements of ttus
<br /> _,�•.,,••;r;F,<<,._;,,� Secur�ty Insuument shall bind and benefit the successors and assigns of L.ender and Borrower. subject to the provlslons of
<br /> ,r yt,, j,�.t �n �7, gn�wer's covenants and a�reements shall be joint and reveral. Any Borrower who co-signs this Secut3ty
<br /> � Insmtment but does not eaecute the Note: (a) is co-signiag this Securicy inscrumeat oniy tu�o�tgagc,g1�f1Z 3fi�CQAY�}f S�l82
<br /> ±,',',��.iFrf,;��-��; i.{�� Borrower's tnterest in the Property under the tcrms of this Security Instrument; (b)is not personelly obl�gated to ay the sums
<br /> � ':�..'. �" �. !,ti�•r:: secured by this Secur�ty[nstrumenr,and(c)agrees that Lender and any other Borrower may agree to axtend.modity,forbear or
<br /> ..,,,�... . ,,.•.
<br /> . .., ,�� �e�y a�ommodatlons with regard to the terms of this Secutity :nstrument or the Note without thut Borrower s consent.
<br /> `'•:':;�"'•`" � �' �3.I.oan Char(�es.If the loan se+cured by this Security Instrument is subject to a law which sets maximum laan charges,
<br /> '`.%,:�:'. � and that law is tinally interpreted so that the tnterest or other loan charges collected or to be collected in connec�ian with the
<br /> .,,...,,. y
<br /> t;.1 • loan exceed the permitted limits. then: (a)any such loun charge shall be roduced by the umount necessur to raciuce the charge
<br /> �r'���".• ' ' • to the permitteci limit; and(b)any sums already colle.cted from Borrower which excee�ted perrnitted Itmits will be refunded to
<br /> ' �r'�•� .'''��� Boaower. Lender may choose to make this refund by reducins the principal owed under the Note or by making a dlc�ect
<br /> ��-"'••' ' � ?°'R�, Payment to Borrower. If a refund reduces principal, the re�uction will be tmated as a partial prepayment without eny
<br /> '�`''�`'' : prepayment charge under the Note.
<br /> ����� ,, lA.NoNces.Any notIce to Borrower provided for in this Security Instrument shall be gtven by delivering it or by mailing
<br /> ':��--�����'•.�'•••�� �;. it by first cless mail unless applicable law requires use of unother method.The notice shall be directed to the Property Address
<br /> • •• -" ';�; or any other addreas Borrower designatesz by notice to Lender. Any notice to Lender shall be given by first cless mail to
<br /> ''�; ` � `'�'�: Lender's address steted herein or any other address Lender designates by notice to Bonower. Any notice provided for in this
<br /> "'• ' "' Security Instrument shalt be deemed to have been given to Sorrower or(.ender when given as pmvided in this paregraph. �
<br /> -:;,<,�� ,, � , 1 5.Governing Law; S evera 6 i l i ty. T h i s S e c u r i ry I n s t c u m e n t s h a l l b e gov erned b y ferleral law and the law of the
<br /> • judadiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note ,"s
<br /> ':;',;;�;.� �� � contlicts with applicable law,sucb confllct shall not affect other provisions of this 5ecurity Instrument or the Nate which can be
<br /> . • gtven effect without the conflicting provision. To this end the provisions of this Secudty Instrument and the Note ure declared
<br /> •"'rY,;;. . to be severable.
<br /> .,.:. 16.Borrower's Copy.Borrower ahall be given one conformed copy of the Note and of this Security Insuument.
<br /> 17.Tra�fer of the Property or a Beneticial Interest tn Borrower.If all or any part of the Property or any intc�+est in it
<br /> ��-�,��'-y;. ' is sold or trnnsferred(or if a t+eneHcial interest in Borrower is sold or transferred and Borrower is not a natural person)without
<br /> • �tVi� Lender's prior wdtten consent. Lender may. at its option, require immodiate payment in Poli of uil sums secured by this
<br /> P}•' ' �t Security Instn�ment.However,this option shall not be exercised by Lender if exerctse is prohibited by federal law as of the date
<br /> - ' ;;�; of this Security Instrument.
<br /> If Lenddr exercises this option.L.ender shalt�ive Borrower notice of ucceleration.The notice shall provide a period of not
<br /> less than 30 duys from the date the notice is detivered or mailed within which Borrower must pny all sums secured by this
<br /> . Secudty Instrument.Lf Borrower fails to pay these sums priar to the expirntion of this period. l.ender msry invake any remedies
<br /> ' permitted by this Security Instrument without further notice or demand on Borrower.
<br /> Ig. Borrower's Ri�ht to Reinstate. If Borrowcr meets cenain conditions, Borrower shull have the rtght to have
<br /> �I enforcement of this Security Instrument dlacontinued ut any time priur to the eurlier of: (a) 5 days (o�• such other periad us
<br /> ' applicable law mny sperlfy For reinstntement) before sc+le of the Property pursuant to any power of sale contained in this
<br /> �. Security Instrument:or(b)entry of a judgment enforcing this Security instnrment.Tlwse conditions are that Borrower:(a)pays
<br /> �• I.ender all sums which th�n would be due under this Security Instrument and the Note as if no acceleration had occurced; (b)
<br /> �' "<, cures any default of any other cuvenunts or agreements; (c) pays all expenses incurcod in enforcin� this Sex:urity Instrument,
<br /> � � including.but not limited to,ma.tionable attorneys' fces:und (d) takes such nction ut Lender may reasonablv require to assure
<br /> thnt the Ilen of this Security Instn�ment, Lender's rights in the Property and Borrower's obli�ation to pay the sums•secured by
<br /> r__�........ ..w..�� .....uin.�n unrhunnn�3. 1Jnon reinstntement by Borrower, this Security Imtrumcnt und the _
<br /> cni� �vr«y {Ii.l\�W�M1U� �..... .........-- -•--.._�_ ,
<br /> � " obligutions socurod hereby shall remuin fully effective us if no ncceleration huJ�curred. However, this ngttt to mins[nte snaii
<br /> . not s�ppty in the c:ue of acceleratinn under parugraph 17.
<br /> � � 19. Ssile ot Notei Chnnge uf Loan 5ervicec. The Note or u partiul intcrest in the Note ttogether with this S�urity
<br /> Instrumcnt)may bc sold one ar more times withaut Rrior noticc to&�rrower. A snlc mu,y result in u chnnge in the entity(known
<br /> t�the"Loan Servieer")that cullects month{y payments due under the Note und thts Security instrument. 'There alsn muy be one
<br /> ' or mare chiss�ges of the Loun Servicer unrelnted to a wlc of the Natc.If them Is A change�if the Loun Serviccr. Borrowcr wili bc
<br /> " � �iven written notice uf thc change in accordance wlth p•aragruph 14 ubove and npplicuble law. 'The natice witl stute thc nume and
<br /> ' address of the new Lcwn Servicer und the uddress tu which paymcnts shoutd be madr. Thc nutice will also rontnin uny c�thcr � ��
<br /> informution requtred by applicable luw.
<br /> Ip, Hozardous Substances. Borrower shull nut cuuse or permit thc presence, use,di�pc�s�l. storage, nr rcica+e of any I
<br /> ; � Hauudous Substances on or in the Property. Bnrmwer shalt n�t do, nor allow anyone c�se to do, anything affe�ting the
<br /> • Property thut is in violation of uny Environme��tal Luw. The pn:ceding two sentences shall not appty to the presence, use, or
<br /> � • '�t storuge on the Property of small yuuntities of Hay.urdous Substunces that 3re generally reco�nized to be appropriate to normal
<br /> ' residential uses and to maintenance of thc Property.
<br /> - Pono 3 oe a Form 3028 9130 �
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