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<br />;;_:.r;���� ' subsfittndeity equtvnlent mortgage insumnce coverage ix no1 avaitt�btt.Borrowcr shnit pay to i..ender euch mant!►s sum e��uul to ' ��--
<br />,rt.w..,:,,�.� � on�•tweifth af the ye:uly murtguge•Insumnce premlum being pald by 8orrawer when the insurnnce cavemge lap:ed or censeel tn 6fl ___
<br /> � bc in effect.Lendcr will accept.us�and retain thesc paymente n.4 u loss reservc in licu af mnttgugc insuruncc. I.���s rcticrvc �1 �,,.,,�.
<br /> pav mcnts muy aa l�nAer b�rcquir�cl,ut thc opti��n uP Lettdor,if mortga�e insurnnce covcragc(in tho i►mount und ti�r the per��xl �� ��-
<br /> � �� that'I.cndcr requl�r.r•)providcd by un insurcr appraved by l.endar ngmn bccamzs avuUablo nnd�r�ahtnu►cd. H��rnnvcr shali puy � � �_
<br /> _ • '� �3 ' ' the premlums ra.�quired tm m�intain martgage insurnnce in effect.or to provide u Insti rcwerve, until ihe rcquirement lar mnrttzuge � �
<br />::-"� �'' ° lnsurunce endy la accardiince with uny w�ftten ag reement betwecn Honawe�and l.endcr nr applicuble Inw. -�
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<br /> _ k,-w+ „ 9.Inspectlon. I.cnder ar itK aIIent mny make reusunubte cntdcs upan und ins�ectiunx��F thc Pn�perty. l.endcr nhnll givc �;
<br /> ���;._;�:�- @anawcr�noticc nt thc dmc af�tr prior to un i nsRcctlon�pecifying mau+onablc c�usc fi��thc inspccdon.
<br /> . 10,Condmm�Atlan. Thc procceds of uny nward or clu[m fa�dumagcw, dirc�;t or c��nticqucntiul, in amncctiun wlth nny
<br /> ��u�tJeuuwtiu�i ur uiher tuking oi'any piut af the Propccty.ur fur co»veyus�ce In lieu af randemnutton,:uc hereby tissi�nMl iernl� �'=
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<br />__s..,.. • xhall be pajd tw Lcndcr.
<br /> ��� in the event of u totul taking af the Praperty,the proceeds shali be Applied to thc humx securcd by this Security Instrument,
<br /> '.��==�„�� whcther ar noi then duc, wtth any cxcess puid to B�rrowcr. In thc cvent af u panial taking of thc Property in which the f�ir ��
<br />_,���� markct vulue of the Property immediutely hutot�e the taking is equal to ar greuter thun the umuunt af thc sums�ecured by thia �•-
<br />_-���-- � Security Instrument immediately�efore the taking,unless Borrower arid Lender otherwise ogree in wdtfng.the sums secured by �'.'...
<br /> �� this Secudty Instrument shuli ba re�uced by the tunount of the proceeds multiplial by the following fruction: (u) the towl �*°�-
<br /> , .:i�� -
<br /> ' u� amount of aie aw�u secured lmmediately before the takin�.divided by (b)the fair matket vnlue of thc Property immediately ° _-
<br /> '•7ti` ��� �
<br />':�':`a."' before the wking. Any balance shall ba paid to Barrower. In the event of a partial taki�g of the Propecty In which the fair _-
<br /> � �� ,. -
<br /> � ��� market value of the Property irra�.iately befoc+e the taking is less than the amount af the au:ns setured Immodtately bef�re e
<br /> "-���=n.'�, taking.unEcss Borrowcr ared}..�sc�.�othenvise agree jn writing or unless a�pplicable law otherwjse provides.the pruceeds shall �._
<br />`==�r?' be applied to the sums secured by t�^�s Secudty Instcument whether or not the slms are then due. � -
<br /> "�-q�:,"r�D4�� [f the Property ia abandoned by Bonower. or if. after notice by Lender to Borrower that the condemnor offers to make an =_--
<br /> -l'�-x"`�� awat�d or settle a ciciim for damuges, Borrower fails to respond to I.ender within 30 days after the dnte the nottce is given.
<br /> � I.er�der is authorized to collect and apply the procePds.at its option,either ta restoratlon or repair of the Property or to the sums
<br /> ri;�.'y��_--_ secured by this Securiry Instrument.whether or not then due. �
<br />''� Unless Lender tu►d Borrowee otherwise agre� in w�riiing. any application of praceeds to principal shall not extend or
<br />'=';��';'�; postpone the due date of the mantftly paymenu r+eferre��n ia px�cug�uapt�s I and 2 or ct�ange the ainouni of such pnymrnts. `
<br />_.«a;�;�,. • 11.Bornower Not Relassc�d:�aa�bearaa�&Y II.ea�c➢eQ Not a Waiver.Extension of the Ume for payment or modificuuon —
<br /> "- of amortizetdon of the sums secuiai by this�'sty Lnstntment graated by L.ender to any successor Ia interest of Borrower shall
<br /> r;�� not operate to release the Itability of the cc,�itc�6omnwer or Borrower's successors in interest. I.ender shall rtot be required to
<br />"''�''- cornm$nes proccxdings ageinst any successzs'n interest or refuse to eatend tfine for payment or otherwise uiiodify amortizcitiion
<br />..,;;�°i� of the sums secured by this Securiry Insuument by reuson of any demand made by the originail Borrower or Borrower's
<br />:=;-�h successors in tnterest.Any forbearance by Lender ln exercising any dght or remedy shaU not be a waiver of or preclude the __
<br />���,�;� exenciseof any ri�ht or remedy.
<br />- :�{��.� 12, Sua�eswrs end Assfgps Bourtd;Joi�t and 3everal LlabU[ty; Co-signet�. The mvenants and agreements of thia � _.
<br /> ' Securlty Instnrment sha(I bind and benefit the successors end asaigns of L,ender and Borrower, svbject to the pmvisions of
<br />_��=�`=�� paragraph 17. Bort+ower's covenants and agreements shati be joint and sever�l. Any Borrower who co-signs thts Security
<br /> -- Instrarmcmt but dces not exec�:[e the Note:(a) is oo-stgntng thia Security Insuument only[o mongage.gmni and amvcy ti�ai °
<br /> �W;;S�� Bonotiver'�innerest ie the Pto�reriy under the terms of thia Security Instrument;(b)3s not p�rsonally obligated to psy tha sums
<br />-�Z��� seci�reil by this Secuatt�InStnunem;and(c)egrees that Lender and any other Borrower mny agrce to extend.modify,forbesir or •
<br /> -__- = malce any a000�mod-uuons wtth resatd to the terms of thjs Securlty Instrument or the Note without that Bornnwer s consent.
<br /> ��---- - 13.Ga�ua Cha�rges.If the loan secured by this Security Instnunent Is sub'ect to a Iaw which sets masimum loan charges,
<br /> -- � artd that law is�t3naily lnterpreted so that ths interest or other loan charges co�tected or to be collected [n connectIon with the
<br /> ----- loan exceed the pecmitted limits,then:(a)sny such loan chatge shell be reduced by the tunount sary to reduce the charge
<br /> to lhe perrnitted limit:end(b)any sums elm.ady collette�from Borrower which eaceeded permiu�od imits will be refunded to
<br /> $omnwer. Lender may choose to make this reflmd by reducing the pdncipal owed under the Note or by nwlcing a direct
<br /> payment to Borrower. If a refund reduces principai, the reduction witl be ueated ns a partlal prepayment withuut c�ny
<br /> — prepaymeni charge under the Note.
<br /> ------ L4.Notic.es.Any notice to Bomower provided for in this Security Instrument sha116e�iven by delivering it or by malling
<br /> it by ftnt class maii �uiless applicable law requires uss of another metl�od.The notice shall be directed to the Property Address
<br /> -- or' any other stddress Borrower designates by notice to l.ender. My notice to Lender shaU be given by first class mail to
<br /> -- Lei�dar's�ddress stated h�rein or aay other addras I.end@r designates by notice to Bomower. Any notice pmvid�:d for in this
<br /> - Secudty Insaiccient shail be deemed to have been given to Borrower or I.ender when given as provlded in this paragraph.
<br /> -- --------� 15.Gavetr�ctg LnK; Sevorabllity. Tl�is Saurity Instcuraent s�ali be governed by fedeisf law and the !aw of the
<br /> jurisdicdon in wl�ich the Property is located.in the event thnt any provision or clsuse of this Secusity Instrument or the Note
<br /> contlicU with appltc�ble law.such rnnflict shall not affect other pmvisions of this Security Insqume�t ar the Note which cun be
<br /> ______._ ; given effect without the rnnflicting provision.To this end the pmvlslons af this Secudty Insm�ment and the Note are declared _ __
<br /> to be severabl�. �
<br /> _- 16.Bon+ower'r�Copy.8orrower shall be given one wnformed copy of the Note and of this Security Instrument. i
<br /> �.7.Tran.sfer of the Property or a Beneficlal Interest!n Borrower.If all or any part of the�"roperty or any interest in it
<br /> --- — is sold or eransfernxm tuc If a bcneficiu!interest in Horro�yer i�sold or transfetred and Borrower is not a ttateral penon)without .-
<br /> __�.-_� f,eodar'a pdor written oonsent. I.ender may, at its option, uire imcrtadiate payment in full of all sums sxared by this
<br /> Secutity InsYrument. However.thls optIon shell not tre eaercised�y Lender if exercise is prohibited by federal taw as of the date --
<br /> --- of thia Security Instc ument. -
<br /> -._ ° If I.ender exercises this option,I.ettder shull give Borrower notice of aeceleration. '1'he notice shell pmvide a peric�d of not _
<br /> � _= less than 30 daya fram the date the notice is delivered or mailed wlthin which Borrower must pay al! sums secured by this -_
<br /> - ----� _ Security Insuument. If Borrower fails to pay these sums prior to the expinuion of d�(s pedod,Lender may invoke any remedies ° _
<br /> L' pe�►r:i�tal by this Secudry Inswment without further notlee or demand on Borrower. � -
<br /> �„�,� Y8. Borrower's Wght to Reinstete. If Bomower meets certain conditIons, Bonower shall have the right to have �`t
<br /> -�-;;�r� enforcement of this Securiry Instntment discontinued at any time prior to the earlier of: (a)5 days(or such other pedod as ��``=
<br /> ==��;:�.� applicable la�v may specify for reinstatement) before sale of the Property pursuant to any power of sele contained in this �=--
<br /> Seeviity Instrument; or(b)entry of a judgment�nforcing this Security Instrument.Those wnditions are that Borrower:(a)pays �
<br /> . �..����� . :.
<br />- � '�j-`-� Lender all sums which then would be due under this Securiry Insnument and the Note as if no aoceleration had accurred; (b) -
<br /> cur�any defnult of any ndier rnven�nts or a�reements; (c)pays a!I expenses incurrod in enfoning this Security instmment,
<br /> ' including but not limfted to, reasana�ble attorne�s'fees;and(d)takes such action as L.ender may reasonably require to ussvre •
<br /> � .� that the lien of this Secur�ty Instrument, i.ender s ri�hts in the Property und Borrower's obligation to Qay the sums secured by
<br /> thix Serurlrv instnimert ahall mntinue unrhanaed Uaon reinctaternent bv Borrower. tlus Secucttv Instnttnent und the
<br /> • - obligattons secured hereby shail remain fully effective os�if no accelerntion had occurred. However, this right to reinstute shall �
<br /> _ ��' not Apply in the cose of ucceleration under p�ragraph 17. �
<br /> q�`�'`:��� 19. Sule of Note; Change ot Lt►ttn 5crvtcer. 'fhe Note or a partial intcrest in the Notc (together with this Sccurity
<br />, ��' Inswment)may be sold one or more times without prior ttotice to Borno�ver.A sate muy resuh in u change in the entity(known
<br /> - '•''���� os the "I.oan Servtcer")thnt collects monthty p3ymen�g due ander the Note und this Securiry Instcument.There ulso may be one •
<br /> "� �`'`.;:� or more changes of the Loun Servicxr unrelated to a sate of the Note.lf there is a chan e of the Loan Servicer,Horro�ver will be
<br /> ,� given wdtten notice of the change in accnrdance with paragraph 14 ubove and applicab�e law.The not{re will stute the nante and •
<br /> • uddress of the new Loan Servicer and the addr�ess to which payments should be made.The notice will alsn rnntain uny dther
<br /> in�ormution requira�by a�pptic�ble law.
<br /> _ . .��y' 20. Hazardous 5ubsGtnces. Borrower shall eot cause or permit the presenre. use, disposul. storuIIc, or release of any
<br />`.�;, ,_. ;• Hazerdous Substances on or in the Property. Bomower shall not do. nor uilow unyone eise ro do, anything affectin� the
<br />�Y�,i�;'�' ,� Property that is in violation of any Environmental Law. The prececiing twa sentences shull not apply to the presence.use. or
<br />-�" ..��• �'� stora�e om the Properry of small qunntities nf Hezardous Substances that are generully recogntaed to be uppropriate to normal
<br /> � :"'' residentiai uses and to maintensu►ce of the Propeny. .
<br /> POpo 3 014 Form 30T8 9I90 ,..�
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