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<br /> ` s«U:�tant�+Ily crul� .Ic:it►nrntea��o in;urar�c,,covcrasc is nnt :►vniLlbtc,�3aeruwcr sliall �pay tu L.citdcr cach moiuh n s�tn cqual to �,',.
<br /> n;t�-t�vcliih of tli•a ye:+.►ly moat���+gc lusu���nec�rcrnium U�in�;paid by Bnrrnwcr wi�cu the insurancc covcrarc I;�pscd or cca�cil to � '.
<br />, b::iu SrG��:�t. !°..,t�,•a��ll:z•:n:�;; �.�. :��::d tt;�:�ir,tli�..�n.�yntent,.e; a la;; rc;��vc i� Il�:u of r�:o�►gc�; .:�:crv �.
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<br /> ��:iyr�t;:nts iu�iy�io lun�,c:�iz��-zcyt�i��E:;l,at tl�c o��tiun of'l.c:n�lcr,if mori�;agc la�surancc c�vcra�;c(in thc�uiiuunt aitd far ti�c��F�icul
<br /> �h;it I.entl�r ecyuir")pruvided by;in insurcr apprmcd by L.endcr.„ain becomss nvnilnble :in�J is obtuinccl. [iorrrnver shnll pay '"
<br /> ���c premiums reyuimcf ta maintain mortgoge ins;irnnce in effect,or to provide a loss�eserve,until the requi�emen¢for mortEoge --_
<br /> insurai�cc e�xls in accotdmice with�ny w�•itte�i:�greemcnt lr_t�veen Harrower and[.ender a�applicatsle Imv.
<br /> 9, Inspectlo►�. Lt;ixicr or its ngent may make reasc�nnblc entries u{wn and inspcctions of the Fraperty, l.cnder tihall give �
<br /> �rrawcr noticc ut the timc of ar prior to an ins�tlon s�ifying reusonabtc causc for thc lnspcction.
<br /> IU. Candem»Atiun. The procea.ls r�F c�ny uwnrd or clnim for dum��es, direct or conscyuentiul, in connection ��+ith imy __
<br /> ca�d�mnadon or other taking of any part�f the Yroperty,or far conveyance io Iicu of condenmation, nr�hereby assigned and ---
<br /> shall be pald to l.ender.
<br /> In Ute event of n tota!wkinp of the Propeny.the proceeds shs►i!bc applicd to the�ums secured by this Security Instrument. �,.;::__
<br /> wlicthcr ar not then duc, with nny excess puid to Norrower, in thc cvent af a pania! taking of the Property in whi�h thc tair =--
<br /> market vAlue o4'th�!'roperly immediutely btfore Ihe tllcing is equul to or greater than the amaunt af the sums secured by this �--
<br /> Secudty liistrun�ent immedlutely before the tnkln�,unless Borrower artd Lender othenvise agree in writing,the sums secured by �3"
<br /> this Sa:urity Instrumcnt shall bc reduced by Qie nmount of the procceds multiplied by the following fruction: (�i) the total ��
<br /> nmount of the sums secured irnmcxiiately before the tuking. divided by (b) the fair mnrket value af the Praperty immcdiateiy �`
<br /> before the taking. Any ba.lunce slaall be paid tn Borrower. In the event of a{�artial taking of the Property in which the fair �_"
<br /> market value of the Propc�ty immaiintely befarc thc takins is less thun the amount of the sums secur«i immediutcly beforc thc --
<br /> tnking,unless Horrowcr and l.cndcr othsnvisc�gree in�vriting or unlcss opplicable I�w utherwisc provides, thc procecds shall =°°=
<br /> be Applied to the sums secured by this Security Instrument whether or not the sums are then due. ni�=s�
<br /> if the Property is alaandoned by Aonower,or if,nfter notice by Lender to Bonower that�he condemnor offers to make un --_
<br /> aw.�usl ur settle n claim for dnmages, Bonower flils to respond to Lender within 30 days aher the date the notice is given. '�""
<br /> l.cnder is autliorized to coltect:uid apply the proceeds,at its option, eithcr ta rcstoration or repair of the Propeny or to thc sums ��.�:-
<br /> secured by this Security Instrument,whether or not then due. �`'='
<br /> Unless Lender and Borrower oihenvise u ree in �vritin an n lication of roceeds to rinci al shall not extend or ��"
<br /> � S• Y PP P P P t�'�r�-'A
<br /> postEwnc the due date of die monthly payments refsned to in paragraphs 1 and 2 or changc thc mnaunt of such payments. ��"r�
<br /> lle So,:o��e.•t':oi IIteleased; �or�ntiice By I.cnder Nut a Wuivrr.Ex�cu�ion of the time for paym�nt or modificutian �.,_�°
<br /> of amorti�atinn of the�umc cPrured 6v rhia Co.�u.is.�t.,gn.^_.r��, .....•e,+� ��..�.. _ ...�`_` • : ^-- ^ —
<br /> v - v.»••••,,• i •• �::v u.^.�.. ,avl :� :�iLirai vi uv��uwc� ai�du _
<br /> not apernte to releasc thc liability of the original Borrowcr or Bormwer's successors in intcrest. Lender shall nnt bc requircd ta
<br /> c:ommence proceedings agalnst any successor in interest or refuse to extend time for payment ar othcrwise maiify aniortiration • �
<br /> of the sums secured by this Security Inshvment by reason oF any demand made by the original Bc�rrower or Burrower's '�:
<br /> successors in intemst. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the ''�"�
<br /> exercise of uny ri3ht or remody. ,,_..
<br /> 12. Successors and Ass➢gns Bound; Jotnt and Several I iabtl(ty; Co-signers. The covcnants and agrecments of this ��
<br /> Security Insnument shall bind and henefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br /> gat�gr�plt 17. Bor[owei s Covenants and 3ereCmenGS shall he ��int nnri cFVrr:91. An� Rn�nwrp w�� rn-cio�c t�ic Crr��riry =
<br /> Instrument but does not execute the Note: (n) is co•signin� this Security Instrumen[ only to mortgage, grant and convey tBat
<br /> Borrower's intcrest in the Property under the terms of this Securiry Instrument; (b)is not personaliy obligated to pay th�sums �;,
<br /> secured by this Securitv Instrurnent;and(c)agrces that Lender and any otlicr Borrower may agree to ext�;nd,modify,forbear or �
<br /> make any�ccommodutions with re;ard to the terms of this Securiry Instrurnent ur the Note without that Borrower's consent.
<br /> 13. I.oan Chargese If the lo.�n seaured by this Security Instrument is subject to a law which sets maximum loan charges. `�"''
<br /> and that Inw is finully interpreted so that the interest or otFter loan charges coltected or to bc wllected in connection with the
<br /> lo;m excced tha pertnitted limits,then: (a)any such loan charge shall lse reduced by the amaunt necessary to rcduce the chargc _
<br /> to the permittrd{imit; and(b)any sums ulready collected from Borrower which exceeded pertnitted limits will be refunded to "
<br /> IIorrower. Lender may choose to make this rcfond by reducing the principal owed under the Note or by making a direct +�-`
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any •�+•
<br /> prepayment charge under the Noce. �
<br /> l4.Notiees.Any notice to Borrower provided for in this Security Instrument shull be given by delivering it or by mailing
<br /> it by first class mail unless applicnble law requires use of another methad.The notice shall bc directed to the Property Address
<br /> or any other address Bonower designates by notice to Lendr.r. Any notice to Lender shall be given by first class mail to
<br /> Lender's address stme�herein or any other address Lender designates by n�tice to Borrower. Any notice providul for in this . "
<br /> Secucity Instrument shall bc deemeel to havc been biven to Bonower or Ler,der when given as provided in this paragraph. °
<br /> 15.S�oberti3ng I.aw; Severabflity. This Sccurity Instrument shall be govcrrted by federal law and thc luw of thc
<br /> jurisdictic�n in which the Properry is located. In the event thut any provision or clause of this Security Instnement or the IVote �
<br /> conflicts with agplIcable law, such conflict shall not uf'fect other provisions of this Security Instrument or the Note which can be
<br /> given efFect without the conflicting provision. To this end the pmvisions of this Securiry Instrument and the Note are declared
<br /> ta be scvernblc.
<br /> !6.�orrower's�opy�.Bonowcr shall be given one conformc�copy of tlie Notc and of this Secuaty Instrument.
<br /> 17.�'rnnsfer of the Property or a Henef�dal Interest in�orro�ver.If ull or any pan of the Proprrty or uny intcrest in ic
<br /> is sold or trsnsfcrred{or if a bencficial Entcrest in Borrower is sold or trancferred snd Borrowcr is not a natural person)aithout
<br /> Lender's prior tivriiten consent. Lendcr may, at its option, require immediate payment in full of ull sums secured by this
<br /> Security Instrumcnt.�-lowever, this option shall nat bc cxcrcised by Lender iPexercisc is prohibitai by federal Inw as�f the date
<br /> of this Security Instrument.
<br /> lf Lender exercises this option, Lcndcr shall give Borro�ver notice of:icccleration.The notice shall provide a period of not
<br /> Ic.es tl�an 30 days from the date tha notice is dclivered or mailed within which Borro�vcr must pay all sums sccurcd by this •�:
<br /> Security Instn►ment.If Borrower fails to pay thesc sums prior to the expirstion af this per�od, Lender may invoke any remedies
<br /> permittcd by this Sccurity Instrument without further notice or demand on Bonower.
<br /> 18. IIorrower's Right to Retnstute. If Honowcr mcets certain conditions, Borrowcr shall have the right to ha��e
<br /> enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 duys (�r such other period as I
<br /> ap�licable law may specify for reii�st;itemcnt) before sule of the Property pursua�rt to any power of sale contained in this
<br />, Security Instniment;or(b)entry of a judgment enforcing this Security Instrument.Those conditions are tl�at Horrawer. (a)p�+ys I
<br /> Lender nll sums which then would be dae under this Security Instrument and the Note as if no accelerution had uccurrcd: (b)
<br /> cures any default o:F an�other covenant�or agre,ements; (c) pays all expenses incurreci in enforcing this Security (nstrument.
<br /> includin�, but not limited to, rc;�sonable attome�s' fccs; i�nd(d)tnkes such action as Lcnder m:iy masonably require to assure
<br /> tliat tlie licn of tl�is Security Instrument, i.cndcr s ri�ht�in tl�e Property and Borro�ver's obli�ation to pay the sums securcd by I ��
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<br />- ° ..q .. '..�.+ .+. .�::::u "i.�.a.angi.u. vFri�u iciiiai:liCntC�ti Oy 6niiUwC�, ttIIS �ecunry ITISILUIi1C0i :IAO [fl@ - �--
<br /> obligctions securcd I�ereby shali remain fully effective as if no accelerstion had occumed. Howevcr. this right to reinstate shall
<br /> not apply in the�ase of acceler�tion under para�raph 17. I ..
<br /> 19. Salc of Note; Change of Lnan Servicer. Thc Note or a p;utiai intcrest in the Note (together �vith this Sccurity
<br /> instrumcnt)may be sold une or more times withaut prior notice to Borro�ver. A salc may ress►It in u change in the entity(kno�vn �
<br /> c�s the "Loan Serviccr")that collccts montlily payments due under tl�t Nutc anJ this Security Inshument. Tiu��c Alsn muy bc one
<br /> or mon changes of the Loan Servicer unrclated to u salc of the Note. If there is u ch:unge of.hc I.oan Servicer. Borro�ver wiil bc
<br /> gi�cn writtcn noticc of thc changc in aocorda��cc with paragraph 14 abovc and npplicablc law.Tlu noticc will statc thc name and
<br /> addre�uf the ne�v Loa�i Servicer:ind�he addrcss to which payments sl�ould b� made. The notice will also contain uny other i
<br /> infurmation rcquircd by applirable law.
<br /> 20. Ha'cardous Substanccs. Borrowcr shall not causc or permit thc prescncc. usc, disposal, stora�;c, or rcl�;isc of uny
<br /> Hazardous Sui�stanres on or in dic Property. Bc�rrowcr shall not do, nor allaw anyonc clsc to do, anything atlectin� thc
<br /> propeny �hac is in violotion of any lsnvironmenta! La�v. The pmcc�iin� two sentences shall not npply tn the presencc, use, or
<br /> storagc on dia Property of sm;ill quuntitics nf Hnzardouti Substanccs tlt:it arc gcner.�lly rccognizcd to bc appropriatc tu nomicd i
<br /> n;sidcntial uses and to maintenancc of the 1'ropeny. �
<br /> P��a���° Form 3028 9/9Q I .
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