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<br /> " sutistantially cyuivalent mortga�;c insurancc covcra�c is not a�•nilablc. Bnrrowcr shall pav to C.e.ndcr cach month a surn cyual to —�
<br /> one-nvelfth of the yearly moitgage insurance premium bcing pai8 hy Borrower when[he insurance coveeage I�psed or ceased t� f='
<br /> bc in cffcct. I�;ndcr�vill i�cc�:pt, usc and retain tiicsc�iaymcnts as u loss rescrvc in licu nf mnn��igc in�ur.incc. Loss rescrvc ••
<br /> paymcnts m�y no longcr bc requimd,,it thc option of Lcndcr, if mort�agc insuranrc covcragc (in thc nmount wid for tlic ri.riucl
<br /> • , that Lcndcr rcyuires)providcsi by an insurcr appmvcd t�y Lcndcr agnin becomcs availablc and is obtnimcd. Borrowcr shnll pay ____
<br /> „ the premiums required to maintuin mortgage insura�ce in effect,or to provide a loss reserve,until die requiremene fae mnrtga�e ---
<br /> insurancc ends in accordancc with nny writtcn u�reem�rtt bztwccn Harrower nnd Lcnder or applicnblc law,
<br /> . 9.Qnspectlon. C.cndcr or its ugent m�y mnkc reusonablc cntries upor�and inspections of the Pro�e�ty. Lcnder shall give =-_
<br /> . , • Borrower notice nt the time of or prior to an inspection specUying reasonable cause for the inspection. _
<br /> „
<br />� 10.Condemnntlun. Thc procculs of any award or claim for dumagcs, direct ar conscqucntial, in conncction with :�ny
<br /> „ c�ndenmation or other tahing of any part of the I�roperty,or f'or con��eyance in licu of c�ndemn�tion, are hereby assigned and � -
<br /> shall bc paid to I.cndcr.
<br /> In th�cvent of a total taking of the Property,the proceecls shall be applied to the sums secured by this Security Instrument,
<br /> � wtiether or not thcn duc, with any exccss paid to Borrowcr. In thc cvcnt of a partiul taking of'the Property in which the fair
<br /> market vnluc of thc Property imme�3iately bcforc the tuking is equal to or grcutcr than the nmount of thc sums secured by this
<br /> �� �� Security Instrumerzt immediatcly bcfore the tnking, unlc�s Uorrower and Lender otficnvisc agree in writing,tfic sums secured by
<br /> ,. tbis Security lnstniment shall be reduced by the amount of the procecds multiplied by the following frncti�m: (a) the total
<br /> amount of thc sums sccurcd iinmcdiately befnre the taking, divided by (b) the fair marNet value of die Property immediately �
<br /> before the taking. Any balance shall bc paid to Borrowcr. In the evcnt of a partial taking of the Propeny in which the fair
<br /> market value of thc Property immcdiatcly before thc taking i�Iess than the araount of tlic sums secured immt:diately before the
<br /> taking, unless Bonowcr and Lender atherwise agree in writing or unless applicable law otherwise provides. the proceeds shnll �-
<br /> -• bc applied to thc sums securcd by this Security Instrument�vhether or nat the sums are thcn due.
<br /> • � If the Pro�erty is abandoned by Borcower,or if,after natice by L.ender to Bocrower that the condemnor offers t�mak,e nn
<br /> awnrd or settle a clAim for damages, Borrowcr tuils to respond to Lendcr within 30 days after the date the noticc is givcn,
<br />�� L.ender is authori•r.cd to collect and apply the procecds,at its option,either to restoration or repair of the PropeRy or t�the sums
<br /> scxurcd by this Sccurity Instrumcnt, whethcr or nct then due. -
<br /> Unless Lender and Borrower otherwise agree in writing, any application of procecds ta principal shall not extcnd or
<br /> postpone the due date of the monthly payments refern;d to in paragraphs 1 and 2 or change the amount of such payments.
<br /> ' • 11.$arrower Not Released;Forbearancc By Lendcr Not A Waiver. Extension of the time for payment or modification
<br /> ' of amonization of the sums�ecured by this Security Instrument granted by Lender to any successor in interest of 8orrower shall
<br /> � not operate to rcicasr.the linbility of the original Borrower or Borrower's successors in interest. Lender shall not be required to
<br /> commence proceedings against any successor in interest or refuse ro extend time for payment or othei7vise modify amortization
<br /> �i of the sums securecl by this Security Instrumcnt by reason of any demand made by the originnl Borrower or Borrower's -
<br /> ' I successars in interest. Any focbearance by L,ender in exercising any right or remetly shall not be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> .- � 12.Successors and Assigns Bound; Joint nnd Several I.fability; Co-si�ners. The covenants and Agrcements of this
<br /> i Security[nstrument shall bind and benefit the suceessors and assigns of [.ender and Borrower, subject to the provisions of
<br /> paragraph 17. Borrower's covenants und a�reements shall be joint and several. Any Borrower who co-signs this Security
<br /> --_-__--_... �i35uJiSiud �'iuI a'3vCS i�GQ CRc"CiitC:i'ic 1vuli;: �d% i� �u'�tb111lig 1f11J Scxwiiy Iuairumcni uniy Ul I710IibilbC. grani anu convcy iliat -
<br /> Borrower's interest in the Propeny under thc terms of this Security Instrumenr,(b)is not personaUy obligated to pay the sums
<br /> sccured by this Security Instrument; and(c)agrees that Lcnder and any othcr Borrower may agree to cxtend, modify,forbear or
<br /> � make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. _
<br /> 13.LoAn Chnrges.If the loan secured hy this Securiry Instrument is subject to a law wbich sets maximum lo�n charges,
<br /> , and[hat law is finally interpreted so that the interest or other loan charges collected or to be callected in connection �vith the
<br /> loan exceed thr. permitted limits, then: (u) any such loan charge shall be reduced by the arnount necessary to reduce the charge °'1
<br /> to the pertnitted limit; and (b) uny sums alreaJy collected Gom Borrower which exceeded perntitted limits�vill be refunded to A.
<br /> Borrower. i.ender may choose to makc this refund by reducing the principal owecl undcr ehe Note or by making n direct E���
<br /> paymcnt to Borrowcr. If a refund reduccs principal, the rcduction will bc treatcd as a partial prepayment without any �=_�--
<br /> iprepayrnent chargc undcr thc Note. ��;.�:
<br /> I 14.Notfces.Any noticc to Borrowcr pravidcd for in this Sccurity Instrumcnt shall be given by delivering it or by mailing �"'
<br /> , � it by rrst class mail unless applicablc law rcquires uxe of ano;hcr method. The noticc shall be directed to the Propetty Address :°i
<br /> or any other address Borrawer designates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> Lender's address stated herein or any other address Lender designatas by notice to Borrower. Any notice provided for in this - -
<br /> - • Sccurity Instrumen[shall bc dcemcd tc�havc becn givcn to Borrower or Lsnder when given as provided in this paragraph. "
<br /> 15.G�vernin� Law; Severability. Thiti Security Instrument �hull be governeci by fi:deral law and the law of the =
<br /> - jurisdiction in which the Property is locatcd. In the cvent that any provisian or clause of this Securiry Instrument or the Note
<br /> conflicts with applicable Isw,such conflict shall not affect other provisions of this Securiry Instrument or the Note which can be %`�-
<br /> aiven effect without the conflicting provision.To this end the pre�visions of thi�Security Instrument and the Note are declared •.� �
<br /> • . j to be s�verable.
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<br /> 16.Borrower's Copy.Borrowcr shaU bc given one conti�rmed copy of thc Notc and of'this Sccurity Instrument. "
<br /> ' l7.Trausfer of the Propertv��r a Beneficial Interc�t in Borrower. If all or any part of ihe Property or any interest in it =-
<br /> is sold or trunsferred(or if a bcnctirial interest in Borrowcr is scilJ or transferced and Borro�ver is not a natural person)without
<br /> Lender's priar written consent, Lender may, ut its uption, rcyuire immcdiatc payment in fuU of all sums secured hy this
<br /> . Security Instrument. Howevcr, this optiun shall nut he exercised by l,�ndcr if exercise is prohibitccl by fcderal luw as of thc date
<br /> of this Securiry Instrument.
<br /> .. If Lender exercises this option. Lendcr shall give Borrower nntice of acceleration. Thc notice shall provide a period of not
<br /> _, Icss than 30 days front the datc the niuicc is dclivcred or mailcd within whirh Biirrowcr must pay xU sums sccurcci by this
<br /> � Security Instrument. If Bormwcr fails tu pay thesc rums prior to thc expirutiim af this periad, Lendcr may invoke sny remedies
<br /> . ; permitted by this Security Instrument without further notice or demand on Borrowcr. �
<br /> � 18. Borrower's Ri�l�t to Iteinstute. if Borrower mects renain conditions. Bon•owcr shall huve thc right to havc �
<br /> enforcernent of this Security instrument discuntinucJ at any time prior to thc carlier oL (a) 5 day+�,ir tiurh othrr peric�J ux I
<br /> • applicable law may specify tiir rcimtatemcnu hefc�rr .ale of thr Property pursuant to :im• Pawer uf' +alc r��ntnined in this
<br /> Sccurity Instrumenr,or(b)entry uf a judgment�ntirrring this Scruriry instrumcnt. Thu�r rcinJitionti arc that Bc�rrowcr. (a)payti �
<br /> I.cndcr all sums which thcn wc�uld bc Ju�� undrr this Sccurit�� Instrument anJ thc N��tr as if nc�acccicraticm hcid orcurrcd: (N) �
<br /> � rures an}•dcfault uf:my nthcr ruv�nant� ur agrcenunts; (r) p.n�� aU rxprnsc� incurrcd in cnti�rcing Ihis 5ccurity Instnimcnt. �
<br /> inrluJing, but not limitcd tu. rrasonahlc attorncys' icrs;.and (dl takc+ �urh action ati Lcndcr may rca+onahly reyuire to astiurc �
<br /> that thc licn of this Scrurity Intitrumcnt. Lendcr'� right, in ihc Prnperty and Borrowcr'�uhligatinn tc�pay thc tiums,rcurcd h}• �
<br /> thix Sccurity Instrumrtit �hall continuc unchangcd. Upon rciiutatemrnt hy Qcirrciwcr, ihiti Srruriry Intitrumcnt and Ihr �.__.
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<br /> -- - - onugauans securea ncreny snu1l mmam tull��etfccnve:�ti �t no arre!cration had ucrurrr.d. Huwcver. �hi. right tu rcintitate tih;dl
<br /> � not apply in thc ca,c of'urccicrutian w�dcr paragraph 17. .
<br /> 19. 5alc of Notc: Chun�c of la►an tiervfcer. Thc Nutc ur a parlial intcrc,t in ihc Nutc (t��gcthcr ti��ith thi, Scrurity
<br /> InstrwncnU may hc,ulJ unc ur morc timc�without priur nutirc tu Durruwcr. A .alc ma� rrtiult in;i dian�c in thc cntity Iknc�wn .
<br /> as thc"lar,n Scrvir�r"1 that rollrrt�monthly payments duc undcr the Notr and thiti Seruritv Intitrutncnl. Thcrr al.r,mav hc unr
<br /> � cir morr changcs uf thc Lo,ui:icr��ircr unrrlatcd tu a�alr�il'Ihc Nutc. II'thrrr i.:i rhanNr�,I'thc L�,an ticr�•ic�r. 13urr�,wcr«�ill hc
<br /> • � �zivcn�vrittem m�icc uf thc rhan�c in urrurdanrc with par.igrapli 14 ah���•r and applicablr la�v.Thr nc,tirc �sill�t:uc thr nam�and
<br /> • addrcsti of thc ncw Laan Srrvicrr and lhr addrr.� tu +vlti�h p:iyntrnt� �linuld hc mad�. 'fhc nntirr �+ill alu��i�ntain cmp ��thrr
<br /> intiirmatinn rcyuireJ hy applirablr la��•.
<br /> ., ZQI. Hau�rdoox tiubsti�ncex. 13«rr�,u•rr �hall not raux .�r prrmil lhc prrticn�r, iuc. di�pu�al. ,mra�:r. �,r rrlca.r uf am
<br /> Haiard��uti St�btitanrr� un iir in lhc Propert}. Uiuruu•rr ,hall rnn dn, n��r all����� :un�mr cl�r in Jo. amthing allcrhng tl�c .
<br /> . 1 P►tiiperty that i� in�•iulatiun��I:uiy linvir�mmrntal Laa•. Thc pmrrJinE Iwu .rrnrnrr. .le�ll n��t apply tu ilie prc,rnir. utir. nr
<br /> , �t��r,i�!� un thc Praperty uF�mall yu.►ntitir. uf Hacardou� tiuh.tanrc+ Ihal arc�:rnrrall� r��•ugnvrd lu hc appr��pri:tlr n, nunnal
<br /> resiJcntial u,c�and tu maintcncuiccnf'thr Prnperty.
<br /> ,� "•���''^'�� Form 3028 9i90 �
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