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<br /> ._-_ � ���N!titnmially eyuivulcnt muniai�c inyuruncc cuvcrugc is not uvailublc,Borruwcr shull pay t��I.endcr cach mcmih u+um cyuul tu� _ _____
<br /> ' onc-twctf'th af thc yourly mortgagc intiuruncc pmmjum bcing paid by Horruwcr whcn thc m+uranrr r�wcru�c ia��.�J��� �c+v�.d t�� „
<br /> • �' bc in ef'fect. l..cndcr will accept,une unJ rctain thcsc payment+u� u luss rc�ervc in liru ��f m��n�uge in,urunrc. IA1S\ rc�crvc�
<br /> paymetet+muy nu longer tu requir��l. ut tiu,i,ptiun uP L�:ndCr,if mc.rigagc in�uruncc r��veragr lin the am��unt an�l far thr peri�xii,I,
<br /> that l.}nder r�yuire.) pruvidcd hy nn in�urtr uppruvcd hy IAn�cr a�ain brcomr+ availablc anJ i,ohtainrd. Fi��rn�wcr+hall pa9 �
<br /> � ' thc prcmiu�n.r rc�uired p�muiniain mungugr in�uruncc in ctfect.i�r to providr u lu�s r��crvc.until tl�c rcyuinmrnt ti�r murt�a�c�
<br /> ' in�uranrc en�is in ucrordu�xc with uny writtcn ugrccmcnt bMwccn Borru�vcr and l.tndcr i�r applicuhlc law.
<br /> 9. InspecHun. L.cnJer or itr ugcnt may mukc rez4tiunuble entria up�m unJ intipectiun�u� clu Praperty. Ixndrr�hal!giv�
<br /> ' Bi�nowcr naticc ut thc tinu��f ur priur ti�an inspcction 5pccifyi�ig rca,onublc cuu�c for thr inypertiun•
<br /> 10. Cnodemnatiun.The prcueeds uf uny awurd or claim for dumuges, direct �u con+eyuentiul, ia rannertio�y witli un „ �
<br /> � condemn•rtion or nther takin�of uny part of the Pn�perty. ur fe�r ciinveyanee in lieu uf condemnutian,ure hcreby a�tiigned un�
<br /> tihutl be paid to LenJcr.
<br /> In thc evcnt of a tat�l tuking of the Property,the proc�a�s shull be applied to thc sums scrured by this Security In+trume�u.
<br /> � whethcr or nat thcn due,with ony exces.paid to 8arrower. In thc cvem uF a partial tuk:ng of the Prc�peny in which thc fuir
<br /> , murket value of thc Prapeny immcdiatcly before thc tukin�is equal tu or grcater thun the umount nf the,um, sccurc�l by this
<br /> � Security Inrtrument immediutely before the taking, unlc,s Borrower und Lender athcrwise ugree in writing, thc tiurns xecurcd by
<br /> this Security Instrument shull6e reduced by the amount of the prc�ceeds multiplied by �„� fullowing fruction: (a1 the totul
<br /> ' amount of the sums securecl immediately befc�re the takin�,dividc:d by (b) thc fair market value of the PropeRy immrdiutcly :
<br /> before the takin�. Any balance+h�ll be patd to Bonowcr. In the evem of u purtial tal:ing of the Propeny in which the fuir
<br />_ markct value of the Propeny lmmaliatelv before the t�slcing is Icss thun thc umount of thc sums secured immaiiutcly before thc
<br /> taking, unless BoROwer and Lendcr otherwise agree in writing or unless applicuble law otherwisc provides,the pnxceds shall
<br /> • be applied to the sums secured by this Security Instrument whether�r nat the sums are then due.
<br />�� If the Property js ubandoned by Banower,or if,after natice by Lender to Aarrower that the condemnor offers to make un
<br />. , awurd or settle a claim for damages, Borrower fails to respond to I.ender wtthin 30 days after the date the notice is given.
<br /> L.ender is authorizecl to callect ond apply the proceeds,at itti optIon.either to restoration or repuir of the Property or ta the sums „
<br /> - secured by rhis Security Instrument,whether or not then due.
<br /> Unless Lender and Borrower atherwise agree in writing, any applicatiun uf proceeds to principa! shalt not extend or . .
<br /> _ postpane the due dnte of the manthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br /> . 11.Borruwer Not Released;Forbearance By Lender Not a Walver.Extensian of the time for payment or modification ,
<br /> ' of amortization of the sums see�ured by this Security Instrument granted by Lender to any successor in interc�st of Borrower shall
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<br /> � not operate to relc.ase the liability af the original Borrower or Borrower's successors in interest. Lendcr shalt not be requircd to ,
<br /> commence proceedings againstany successor in interest or refuse to extend time for payment or othenvise modify urnortiuitian
<br /> of the sums secured by this Security Instrument by reason af any demand made by the ori�inal Sorrower or Borrower's , '��
<br /> � successors in interest. Any fafiearnnce by Lender in exerclsing uny ri�ht or remedy shall not be n waiver of or preclude the � •C�.: _
<br /> .. exercise of any rlght or remedy. " ��� �.
<br /> 12. Successars and Assigns Bound; Joint and Several I.iability; Co-signers. The covenants and agreements of this
<br /> Secudty Instrument shall bind and beneflt the successors and assigns of Lender end Borrower, subject to the provisions of � •4�� ,i
<br /> � paragraph 17. Borrawer's covenants and agreenients shall be joint and several. Any Borrower who co-signs this Security �
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<br /> � ' Instrument but daes not execute the Note: (a) is co-signing this Security Instrument only to mortgage. grant and runvey that . ;
<br /> Borrower's Interest in the Property under the terms of th�s 5ecunry instrument; cb�is not personuily uLSibutcxi to pay thc sutns , � � �_
<br /> secured by thfs Securit� Instrument;and(c)agrees that l.ender smd uny other Borrower may agree t�extend,modify.forbear or , �.,°.�... •
<br /> �� �� make any accommodations with regard to the terms of this Security Instrument or the Note without that Barrower's consent. � �,
<br /> 13.Loan Char}Ses.1f the loan secured by this Security Instrument is subject to u law which sets maximum loan charges. y
<br /> and that law fs finally interpmted so that the interest or other loan char es collectetl or to be collected in connection with the ' ';'�'' '' '
<br /> g a�' �.�. `,:'�
<br /> �� loan exceecl the permitted limns, then: (a)uny such loan charge shall be reduced by the amount necessary to reduce the charge �.�•,�!^�•-�, .;; .
<br /> � to the perrnitted limit; and (bl uny sums ulrcudy collected from Bonower which cxceeded permitted limits will be refunded to • �J�:�" `" �•: .
<br /> -. " Borrower. I.ender may choose to make this n;fund by reducing the principal owed under the Nate or by muking a direcc :�����
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<br /> puyment to Borrower. If a refund reduces principal, the reduction will be treatecf as a pareial prepayment without any �
<br /> ', prepayment charge under the.Note. ,� °
<br /> _ �4.Notfces.Any nottce to Bonower provided for in this Security Instrument shall be given by delivering h or by mailing ` "�` �
<br /> . It by firs�class mail untas applicable law requires use of another method. The nodce shall be directed to the Property Address -._q�-;y�--_
<br /> , or any other address Barrower designates by notice to L.ender. Any notice to Lender shall be �iven by first class mtut to *` ' �-.�-
<br />_ � L.ender's address stated herein or any other address Lender designates by notice to Borrower. Any notice prov[ded for in this
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<br /> ' " Security Instrument shaU be deemed to havc been given to Bonower or I.ender when given as pmvided in this paragraph. �r�'`�
<br /> , � 15.Governing I.a�v; Severabllity. This Security Instrument shall be �overnecl by federal law and thc law of the `"``��"�� "
<br /> • jurisdictian iu which the Property is locaterl. In the event that any provision or cluuse of this Security Instmment or the Note '"�`' •`'"
<br /> conflicts wlth upplicable luw,such conflict shall not offect ntlier provisIons of this Security Instrument ar the Note which can be , ;�,���
<br /> given effect without che conflicting provision.To this end the provisions oF this Security Instrument and the Note are declared -�--
<br /> "' to be severable. �
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<br /> — ;� <';•.-`_= ---� 16.Borrower's Copy.Burrower shall be given one confonned copy of the Note and of this Security Instrument. • �""' ,�.
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<br /> „ 17.TrnnsPer of the Property or o Beneficial Interes�t in Borrower. If ull or uny part of the Property or any interest in it �r,p�-ti
<br /> - -= - is sold or transferre,�l(ur if s Ixneficial interest tn Bonowcr is sold or transfened and R�rmwer is not a natural person)without _ .._ �,,,,_
<br />- , �� Lender's prior written consent, Lender may, at its option, requim immediate payment in full of sill sums secured by this : - . � �
<br /> � „ Security Instrument. Howevcr,this option shall not be exercised by Lender if cxcrcise�s prohibited by federal law as of the date , �•
<br /> - of this Security Instrument.
<br /> - „ If l.ender exe�risesthisoption. Lender shall givc Borrowcr notice of accelerntion.The noticc shull provide a pericxl of not � •
<br /> - ' leas Yhan 30 days from the date the notice is delivered or mailed within which J�rrower must puy ull sums secured by this ��
<br />� S�;curity Instrument. If Borrower fails to pay these sums prior to the cxpirstion of this peri�d,Lender may invoke uny remedies
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<br /> s� permitted by this Security Instrucnent without further notice or demand on Borrower.
<br /> � ' ' l8. Borcower's Ri�6t to Reinstate. If Bonower meets cenain conditions. I3nrrower shall have thc right tn huve
<br /> ' enforcement of this Security[nstrument discontinued ut any time prior to the carlicr of: (a) 5 days (or such oth�r period as
<br /> � � applicable law may specify foe reinstatement) before �zle of the Pmperty pursuant to any power uf u►le rontained in this �
<br />� � Security Instrument: or 1b) entry of a judgment enforcing this Securiry Instrument.Thoce conditians are that Borrower: (u)pays
<br /> - Lender ull sums which the�would be due under this Security lnstrument and the Note us if no acceleration had occurnd;(b)
<br /> " � , cureti any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Securiry instrument,
<br /> �� including, but not lin»ted to,rvasana6le attorneys' fees: and (d) takes such action as l..ender may rcason:tbly rcyuirc to assurc —
<br /> `° that thc licn of this Security Instrument, I.cnder',rights in the Property und Bc�rmwer's obligation to pay the sums secureci bv
<br /> T � thi, S�curity In�trument shall continuc unchanged. U�xm reinstutement by Borrnwcr, this Securuy Instrument and the
<br />-� �, - - ..tit:.....L.n. .o.�ur.vl hnrvhv .hall mmain fullv effextivc as if no accelerution hud ocrurrc�i. However,thiti Cl�ht tU 1e:InstutC sha�l
<br /> - �— - - ......a.......... ..��...-- ^--^. .._.. .. . .
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<br />� , ni�t upply in the casc of xrcicration undcr par,►graph 17.
<br />_ "-" , � 19. Sale of Note;Chen�e of Loan �ervicer. Thc Nute ur a partial interest in the Notc (to�cthcr with this Scrurity
<br />;`�' Instrument)may be sold ane or nwre timeti without prior nutice tu Bormwer. A salc may msult in a chungc in the entity(hnuwn
<br />:,. � us the "I.oan Servicrr")thut�rol lects munthly payment+due unJer thc Notc and thi�Scrur�ty Imtrument. Their ,�lui m:►y b�on�
<br />; � .:� '' � c�r more changes of thr Loan Servirrr«nrcl.►t��f tu a tiale of thc Notc. If thcrc i�a rh:�ngr uf thc I.oan Srn�i�tr. Borruwcr wiQ bc
<br /> given writtrn nutice of the chan�e in acronianrc with paragraph 14 alx�ve and applicablc law.Thr ni�tice will�tate thr numc and
<br /> aJJress of thc new Loun Scrviccr anJ th� addm�s to which paymcnts�huuld be made. Th� nuticc will iil�o cuntain any uthcr .
<br /> „ intiirmation rcyuired by applicablc la�v.
<br />- � 20. Hur.�rdous 4ubtitunc��+. Bornnver st►all nut cau>c or pcmiit thc pm+enrc. u�r. di,po,al. .tor�gc. ��r rrlcu�r c,l'any �
<br /> � H;uurdous Substanrrr on ur i�� thc Property. Burru�vcr +hull not do. nor alluw am•imc rl.e t�� du. anything aFC�wting thc
<br /> Proprrty thut i� in violatiun nt' any Envirunmcntul La�v. Thc prrraiing t�vu ,cntcnrr� �hall nut apph• tu thc prc�rnrr, u�c. �►r
<br /> � " titoragc on the Property at +mall yuantitic.ut'H;uarduu� Sub�tanres that arc g�ncraliy r�tiugnired tu Ix apprt�pri:Ue tu nurmal .
<br /> ., residentisl u�es and tu nwintcnancr af thc Pn�}xrty. •
<br /> _ ' ,,,,,,�_�,,,� Form 30Y8 9190
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