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<br /> � � � sutistantirilly ec�ui�alent nic�rt�nge intiurance c<�vernFe is not nvuiluble,Dorroever shall pay eo C.ende;�.ach month a sum ryual to ---�---
<br /> one-nvelfih of�lie yeaeiy mnrtrar�e lnsuranee premium being paid Iry Don�o�ser wl�en the insurance covern�e!np:,c•d ai• ecas:sd eu �:�;;:�,;;�:-':"-��_
<br /> , fi�in dfi�ct. L.etul��r will cxc�e�t, usc.�nd r..tnin thc�:c paym�nt��nr a loss �c�;crvs in lir�� of nwit�a��;c iir,ur„nc... IAi�:�; rc:::��c �. . _.•�.*,. i.=.
<br />,� paymcntti iiiay no luuEcr hs:rauiral. at thc untion��f L.cndcr. if iYiartGnZ,c lnsurance cc�vcrii;c�in thc n�nnunt,irti for tiic E:z�ics:l�_ � . .::_:_„_r,,,.�,,;„::-,=—:
<br /> that I.endcr rcquiir:s) pravidc�by un insarcr appr�nvcci by I.cndcr ngain bccames nvnilflhlC Ltllt��5 O�IGIRC(I. BOYIVl�4G' tiI11�I�l:ry�� —.--= —
<br /> • 't' �he prcmiumv requircai fo mnintnin mort�;uge intiurauuc in effcct,or ta pruvicie u los�ressrvo,unU! the reyuircmcnt for mo�tg:igo�'
<br />,;;•v� :, . ' ". � iiisur.�ncc cnJs in cccardcmcc with m�y�vrittcn ugrcancnt l�ct�vc..n �3nrrawcr imd l.c�sdct•or applicul+Ic:lnw. ���
<br /> 9. Inypecll��n. l.cndcr or its ngcnt utay umkc reasonnblc cnuies uTMm imd inspectioiis nf�hc Property. l.c►xlcr shuil gl
<br /> Horr�iwer n��lirc nl the Ihne nior pri��r�n nn inhpcctio��spdcifyin� ren.,o.table cause for d�e in4pcc�le►n. � �----
<br />�•,��� . , 10. L'os�drninutlnei. 'I'hc pracecds of nny nw��rd or cluim far dnmagcs, dircct ur cunscquctulal. in rnnncction witi�n �------
<br />:.. cun�lcmnutlun ur ulhcr IukinK ot'uny part of t��c f'rvaperty,ur for cnnvcyiina:In Ilcu of r��ndcs�ur.iti�m, i�rc hr.rchy ass�gnec9 a _
<br /> sl�all hc pafd t��I.�u�lcr.
<br /> . In tlic cvent of n tntal iuklnB of'Ihc Property, nc�procccdy shall bc��pplicd to Uic tiums sccurcd Uy this Sceurity 6nstrunun
<br /> whcthcr or not theri cliic, with cmy excess paid tu t3orrowcr. In thc evcnt af u partial taking uf thc Praperty hi whlch thc fcs
<br /> �nurkct vuluc of�hc Pmperry immcdiutcly bcforc tl�c tnking i9 cqunl to or grciucr thnn the umount of the sums 4ccured by this
<br /> ° Sccurlty lostrumcnt immcdiutcly bcfi�rc Uic tnking, unlcss Borrawcr and l.endcr otherwise agrce in�vrtting,thc sums securecl by
<br /> ° tl�is SecuTity Instrumei�t ,hull be reducesi by the nmount of the proceeds multiplic�i by the f'ollowing fr:►edon: (n) Ihc rotal ` °- -- -
<br /> " � aunount�tf tlic sums sccurcci hnmaiixtcly bcfarc thc takinb, divided hy (b) thc fn�r markct vnluc of thc Property Immcdiatcly
<br /> beforc the taking. Any b:dancc �hnl1 bc paid to Borrowcr. In thc event of a partial taking of tltc Property in wl»ch die fair � ,
<br /> ' markct v�iluc of thc Property immediately bcforc thc taking is Icss than the amount of the sums sccurcd immafiatcly tscfarc the
<br /> taking, unless Borrower and Lender atherwise agree in writing or unless applicable luw otherwise providcs. the pmeceds shmli
<br /> bc applied to thc sums secured by this Security Instniment whethcr or not the sums arc then dee.
<br /> If die Property is abandoned by Borrower,or if, ufter noticc by[.ender to Borrower that the wndemnor offcrs to m:alcc un -
<br /> a�vurd or settle a cluim for damages. Borrower fails to respond to I.ender within 30 days after the date the natice is�iven, _
<br /> � �• Lender is uuthorized ta collect and apply the proceeds, at its option,either to restoration or repair of the Propeny or ta th�sums
<br /> �. ; sccurecl by this Sccurity Instrument, whether or not then due.
<br /> � Unless I.ender and Bono�ver otherwise agree in writing, any application of procecds to principal shall not extend or �
<br /> ; postponc the duc date of the rnonthly payments referred to in plragraphs l and 2 or change the amount of such paymciits.
<br /> I1.IIorrower 1o1ot Releused;Forbearancc By Lendcr Not a Waiver. 6xtension of the tirne for payment or modification ___ __
<br /> of amortixation of the sums secured by this Security[nstrument granted by I.ender to any successor in interest af Bono�ver shall =_
<br /> • � nut operate to release the liability of the original Borro�ver or Bnrrower's successors in interest. Lender shall not be required to
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or other�vise modify a�nortization
<br /> ° of the sums secured by this Security Instrument by re:�son of any demand made by the original Bonower ar Borrower's =__
<br /> successors in interest. Any forbearsncc by Lender in excrcising any ri�ht or remedy shull not be a waiver of or precludc the =— _
<br /> -, excrcise of any right or rcmedy. �K��
<br /> - 12. Successors and A.SSIgns Bound; Joint nnd Several Liability; Caslg�ters. The co��enants and agrecments of this
<br /> =�,'�_ -- �u^i� Iro:rasrcr►i :;hal� bi:d a�d �c:��! th� suc:�sr:a::: •:^:± �:s6ans 41�L,rnrirr �nri R�rt�wer, �uhlect to the provisiuns of ��� a:.
<br /> puragraph 17. Borrower's covenants and agreements shull be joint and several. Any Bonower who co-signs this Security �:'
<br /> � Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and cunvey that ,
<br /> Borrower's interest in the Property under the terms of this Sccurity Instrument; (b)is not persona�ly obligated to pay the sums •
<br /> � sccured by this Securiry Instrument; and(c)agrees that Lendcr and any othcr Borrowcr may agrec to cxtend, modify, forbear or ti�.
<br /> make any accommodations with regard ro the tenns of this Serurity lnstrument or the Notc w�thout thut Borrower's consent. �,;.,,. •
<br /> 13. Lostn Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, ,", ,
<br /> � and that law is finally interpmtul so that the intcrest or other loan charges collected or to be u�llected in connection with the ,' �'i�
<br /> ' ' loan exceed the permitted limits,then: (a)any such loan charge shull be reduced by ti�e amount necessary to reduce the charge ��
<br /> to the permitted limit:and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to ��;,� -, � �
<br /> ' Horrower. L.ender may ehoose to make this refund by reducing the principal owed under the Note or by muking a direct a�.,,
<br /> „ payment to Borrower. If a refund reduces principal, the reduction will be treated us a partiul prepayment without any �, °��+#►�
<br /> , . . prepayment chargc under the Note.
<br /> • 14.Nottces. Any noticc to Horrowcr providccl for in this Security lnstntntcnt shull bc givcn by dclivcring it or by m;uling 4 �,.� ,
<br /> � i t b y f i r s t c l a s s m a i l u n l e s s u p p l i c a b l e l a w r e q u i rc s u s e o f a n o t h e r m e t ho d. The notice shall be directed to the Pro pert y Address , .�� +��-
<br /> or any other address Borrower dcsignates by noticc to L.endcr. Any noticc to I.cndcr shxll be givcn by first class m3il to � �`�"''�
<br /> Lender's address stated herein ar any other uddress Lendcr desi�nates by notice to Borrowcr. Any notice providcd for in this • ., �;�•�' �r'
<br /> Security Instrument shall be deemcd to have becn given to Borrower or L.ender when given as providcd in this paragraph. ' ., ry�
<br /> ° I5.Governing LA�v; Severnbility. T'his Security Instrument shall bc govcrncd by federnl law und the law c�f the �
<br /> • jurisdiction in which the Property is locatad. in the event that any provision or clause uf this Securiry Instrument or the Note (;:
<br /> � conflicts with applic:ible law.such canflict shall not affect other provisions of this Securiq• Instrument or the Note which can bc r_
<br /> given effect without the contlicting provision. To this end the provisions of this Securiry Instrument�nd thc Nute urc declar� � +;
<br /> � . to be scverable. �`
<br /> ;i •� 16.Borrower's Copy. Borrower shull be given one contiumed capy i�f thc Nute and of diis Securiry Instrument. ' :�, `'
<br /> 17.Transfer oF ttae Property or a Beneficixl Inter�t in f3orrnwer.If all��r any part of thc Property c�r any intcre�t in it ('
<br /> -� is sold or transfcrrcd (or if a bencficial intcrest in Borrowcr is sold ur transf'erred anJ Burrowcr is not u natural per+un)�vithout ,
<br /> • LenJer's prior written consent, l.r.nder may, at its optiun, rcquire immediatc payment in fuU ��f ull sums tiecured Lsy this
<br /> " Security In�trument.However, this option shall not be excrrised hy L.�n�1cr if excrci�c is pr��hibitcd by federal law a�uf thc Jatc
<br /> = of this Security Instrument.
<br /> If Lcnder cxercises this aptioi�. Lcndcr tihall give Borrowcr noticc ut'arccleration.Thc nuticc shall provide a p:ru�d uf not
<br /> Iess than 30 days from the date the notice is delivered or mail��J v�ithin which Borro�►•cr nwu pay all sums secw�d hy this � ,
<br /> � Securiry Instrument. If Borruwer fails to pay these sums prior to die expiration of this period, L�ndcr map invukc uny r�•�nedies i
<br /> permittcxi by this Security Instrument without further notice ur demand on Borruwer.
<br /> 18. Borirower's Rtght to Etcinstute. If Bnrrowcr mects rcriain conditions. Burrawcr sh,dl havc thr ri�ht to huvc
<br /> . ` enforcement of this Security Instrument discontinued at any tirru priur to the carlier of: la) S days (�ir such other peri�xl as ,
<br /> upplirablc law may spa:ify for rcinst:�tement) bcfore sale uf thc Property pursunne tu any powcr uF tialc rontain��i in thiti
<br /> ' Securiry in�trument;or(b)rntry uf a judgment cnfi�rcing this Securiry Instrument. 'The,>e conditiuns arc that Bar��ti���rr:(a)pa�•s
<br /> ' • L.cndcr.ill sums which thcn would bc duc undcr this Scrurit}� Instrument anJ thr N��tc u�if no cirrclrratiun hud urcurr�til: (b)
<br /> . . cures nny drfault of any othcr rovcnants ur agrecmc!ns: (r) pays all cxpenticti in�urrcd in rntirrring thi. Srrurit�• lrntrumrnt. '
<br />_ including. but not limited tc,,rca�on.ihlc attorncy�' I'�titi: and (S) takcs wrh artion a� LcnJcr may rc:i.anahly rryuirr tu a„urc � `
<br /> , � - - lhat tl�c Iten ot Ihis Scrur�ty Insnvmcnt. Lendcr's rigltts �n tlic f roperty':It1U t3orft���'Cr�+ i�nii�:niun tu pay ti�c.unu.ctiunv i�r = -
<br /> ` -`
<br /> R,. .. thi� 5ccurity lnsti�utn�nt �haU continur unchang��i. Upon reimtc�tcmcnt hy Burru�srr. lhi� Sccurity I�i.trununt ai�d tlic
<br /> n � ubligati�ms.ccurcil hcrch}•,hall rCtn.tin t�ully cff��tiv�as if nu acccicratiun had urrurr�vl. Hu��•c��rr. thi, ri�{il t�� rcimlal��hall
<br /> � n�u apply in thc ra,c of acccleration widcr p.ir:igraph 17.
<br /> . � 19. Siilc oF Natc: Chun�;c of In►i�n ticrviccr. Thc Nolc ur a partial intrrr�t m thr Nat� Ungethcr ���ith ihi, ti�rurity.
<br /> � , In�tnm�cntl may 6c wld imc or nwrc timrti�vithuut prior nuticr tu Born�wrr. A .alr ma}• �c�ul�in a ch:m�r ii�ihr cntity lknown
<br /> as thc 'Loan Scrv6rcr") that �ti�llects munthly paymcnt�duc unJrr thc Nutr:utJ Ihi�Srruriry Imtruntcnt. Thrrc cil.��may hc�Tnc
<br /> �` E ��r murc rhangc.r of tho Coan Scrvic�r unrclatc.Y1 ei�a.ralc uf thc Nutc. If thcrr iti a rhai�ge��f thr Luan Srr��ircr, liorrowcr��ill hc
<br /> . � givcn writtcii nuticc of thc change in arconlanrc wi►h paragraph 1�l ahovr.md applicablc la���. 1'hc natirr a il l �tatr Ihr n.uiic and
<br /> addnss uf thc nc�v [.��an Scrviccr und thc xddre.s to which payrncnl> �.h��uld I�c rnade.1'hr natirc «•ill al�u r�,ntain :un odicr
<br /> inFurniution rcquirr.d hy applicablc lu�v. •
<br /> 20. Hautrciuus 5ub�tan��as. I3i�rm�vcr ,haU nat raux or pcnnrt thr pre��ncc. u��. di�pu,al. storagc, nr rrlca,r a,f an�•
<br /> .. H:v�irclous Sub�tancxs un or in Uic Property. Borrowcr .rliall ni�t du. nur allu�v anyonc rluu tu di�. anythin� :�fl�ticing thc
<br /> ' Property that is in violatian uP any Environmcntal L;t�v. Thc prcrcdin�, two,cntcnrc,+hall noi apply tu thr prcxn�c, u.c, ur
<br /> '. .torc�gc un thc l'ruperty uf timall yuantitia i�f Hat.irduu� Sub�tanres ihca arr�cncr.dl� r�ruttniird t�� bc appn�priatc tn nurrnal
<br /> residential u�c�and tu maintcnancc uf thc Pn�perty.
<br /> � � r.���.t.a n !'rotm 3028 9190
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