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<br /> ' •uh�tteNinlly euufvuleat murtguue iusur�nce coveraec is nut uvuiluhle. Bnrrower shull Qav to IAndcr rarh month a sum equul tn =, _
<br /> . ... Y Y 8 S P R P" Y � p �----_-
<br /> nne•twclfth��f the earl murt u u imurun¢e remium b�in .�id h Borrower when thc in,uranre awera�c la +ed ur ceu+ed to ,..
<br /> ' hc in c(fcct.I.cnJcr will ucccpt,uso iuid ratuin thc�c paymcnt.ati u li►�ti re+crvc in licu ut' murtgugr intiur.tn�c. lAnti rescrvc °,
<br /> _ . paymenly ntay no la►ngcr Ix rcyuircd. ut thc��ptinn uf I.cndcr.if murtgagc in.uruncc r�wcragc lin tlir:�muunt ;ind tiir thc peri�� „
<br /> thiit l.rndcr rcquirc,l pr�widrJ My an in+urcr urpnwcd hy IAndrr nEuin hrrumcr uv;�ilnblr;ind i�uMuincd. E3urrow�r shull pery� ••
<br /> ` �hc premiunn rryuircd tu mui�rtuin martEa�c insur,nuc in rffcct.�►r t��pr��vidc u lu,ti rc.crv:,until thc rcyuircmm�t liir murtEagc�
<br /> intiuruncc cndti in accordui�rr with uny �erittcn a�rccnxnt Intwccn 8urrawcr und Lxudcr ur uppliruhlr li►�v. v '� '
<br /> 9. In�pection. LAndcr ur its ngcnt nu��ms+kc rca�.unuhlc cntrieti upau unJ in�perti�►n+ut thr Pruperty. I.�nder+hull �iv�r.. .A ,
<br /> &��ruwcr rnnirc ut ttic tinm��f��r pri�►r 1��un ro�pectiuu ti�cril'qing rcu�unnhlc cuu�c ti�r thc inrpertiun.
<br /> .. ' I0. CondcmnuHun. 'Phc prixced,of uny u�vurd ur cluim ii�r Jumu�c,, dirrct ��r run+cqacntiul. in c�mncctiun with uny �
<br /> mndemnutinn ur other tukin�;of uny pan ��f thr Pruperty.��r ti�r cunvcyunre in licu uf rundemn:�ti�m. arc hcrcby ati�igncd s►nJ ,t"�j. ,
<br /> ,i►all 1�r puiJ tu I.cnJcr.
<br /> „ � In thc evem uf u tutul tuking��f thc Pruperty,the proceeds tihall be upplied t�►the tium�.ecured hy thi�Srcurity In.trument. ,
<br /> • whcthcr ur ni» thcn duc, with uny exccss PaiJ tu Eiurrawcr. In thc cvcnt ��t u partiul taking uf thc Aroperty in which thc fuir�
<br /> murkct vuluc of thc Prc�perty immediutcly bcti�ro thc tukin� is cquul a�irr grcatcr thun thc umuunt uf thc,ums ticcurccl by this�
<br /> � Securiiy Itntrument immcdiutcly bcforc thc tuking.unless�i�rruwcr und l.cndcr��thcnvi�e ugrec in wrfting,the�ums sccurcd by
<br /> this 5ecurity Instrument shull be reduced by the umount of the procerdti multiplied by the following frurtion: tu) the t<�tul
<br /> :unaum of thc +urns�ccurecl inunediutcly before che taktng, dividcd hy(b) thc fair murkct vuluc of the Prupeny immediutcly
<br /> befi�r�die tuking. Any balancc shull bc paid to Bc�rrower. !n thc event af u purlial taking of thc Prn}xny in which the fuir ,
<br /> • murket value of the Praperty immediately befiirc:thc taking is les.d�uu thc amount of thc tiumti tiecured immc,�iiutcly hefarc thc •
<br /> ' tnking.unless Borrower und Lender othcrwise u�ree in writing or unlcts applicable luw otherwitie prnvides. the prnceed�tihall ,
<br /> • be upplied ta the sums secured by this Security instrument whether or not the sums ure then due. . ,
<br /> If the Property is abandoned by Borrower, or if,after ncnice by I.ender to Borrower that the condemnor offers to muke�n ,
<br />- „ awurd or settle u claim far damuges, Burrower fuils to mspund to Lender within 30 dnyti after the dute the notice is givcn. •
<br />� ' I.ender is authc+riaed to collect und apply the proceedx,ut its apt�an,either to rr,storatiun or repair of the Propeny or to the sums .. .
<br />� securcd by this Security Instrument,whether ar not then due. ' „
<br /> �.. Unless Lender and Iinrrower otherwise u�ree in writing, uny applicutiun uf pr�xeeJ� tu priucipul ahull nut extend ur - .,
<br /> � postpone thc duc date of the monthly payments referred tu in paragraphs I and 2 or change the amount of such payments. ' . ,
<br /> " I1.Borrower Not Released;Torbearance By I.ender Not a Waiver.Extension of the time for payment or modification + .. �
<br />� • uf umortization of the sums securod by this Security Instrument�ranted by Lendcr to any successar in interest of Borrower shall ,
<br /> . ' � not opernte to releuse the liubility of the originnl Borrc�wer or Borrower's successors in interest. Lender shall not be required to ,�; ��
<br /> • . cornmence proceedings agninst any successor in Interest or refuse to exrend time f�r payment or othenvise modify amortizatlon . � '' �
<br /> of the sums secured by thjs Security Instntment by reason of nny demand mude by the original Borrower or Borrower's „ ��,��'�'
<br /> � successors in interest. Any forbearance by Lender in exercisin� any right or remedy shall not be n wuiver of br prcclude thc .
<br /> � . exercisc of uny right or remedy. , � ��
<br /> . l2. Succeswrs and Assigns Bound; Joint and Several Uability; Casigners. The covenanu and agreements of this ' .' -` . ��
<br /> " • �•_� Security Instrument shall bind xnd benefit the successors and ussigns of L.ender and Borrower, subject to the provisIons of � "� �
<br /> paragruph 17. Harrower's covenants and ugreements shall be joint and several. Any Borrower who co-sibns this Security A, �•,•�
<br /> Instrument but does not execute the Note: (a)is co-signing this Security Instrument only to mortgu$e. grnnt and convey thut •. � � �: �
<br /> Borrower's lnterest in the Property under the terms af this Security Instrument; tb)is not personatly obliga�e.d to pay che sums .' ,r'y ,
<br /> - . secured by this Securit�+Instrument;and(c)agrees that Lender and any ather Borrower may agree to extend, modify,forbear or „. . � �, �.
<br />- make any accommadadons wlth re�ard to the temu of this Secur�ty Instrument or the Note wlthout that Borrower's consent. ., ' •
<br /> • 13. Loat�Chnrges.If the�oan secured by this Security Instrument is subject to a Inw whjch sets muximum loan charges. , ;.�`• ��''s '.
<br /> �� and that Iaw is ftnally interpreted so that the intetest or aher loan charges cotlected or to be collected in connectton with the „ '.� �+ �
<br /> " • • loan exceed the permitted limits, then: (a)any such loan churge shall be reduced by the amnunt necessury to reduce the char�e �• -
<br /> , to the permitte�limit;and(b)any sums already cotlected fcam Borrower whieh exceeded permitted limits will be refundeci to t '
<br /> � Borrower. I.ender may choose to make this rc�fund by reiiucing the principal owed under the Note or by making a djrect ,. M ��
<br /> payment to Borrower. If a refund reduces principal. the reductlon will be treuted as a purti�l prepayment wlthout any �
<br /> "' prepayment charge under the Note. {�; '
<br /> 14.Notiees.Any nutice to Borruwer pruvided for in this Security Instrument sha11 be gIven by delivcriug il ur by �uailing --
<br /> . it by firct clnss m�il unless applicable law requires use of an�ther method. The notice shall be directed to the Property Address "`,�.�
<br /> - or any other address Borrower desi�aates by notice to Lender. Any nottce to Lender shall be given by first class mail to ;�� �
<br /> - " . � I.ender's address stated herein or any other address Lender designates by notIce to Borrower. Any nottce provided far in this _ _
<br /> _ .. �_ Secur�ty Instrument shall be deemed to havc been given to Borrower or Lender when given:is provided in this paragrnph. .t -,�;,,;�:
<br /> 15.Governin� Law; Severubility. This Security Instrument shull be govemed by federal law and the law of the `
<br /> ' ° jurisdiaion in which the Praperty is locuted. In the event thnt any provistan or clause of this Security instrument or the Note � ,;'`°'
<br /> contlicts with applicable luw.auch conflict sha�l not affect ather provisions of this Security Instrumcnt or the Note which can be " � ,,, �
<br /> - .� given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note nre declared . , �•\-�:�; ..
<br /> „ „ :w,.� ta 6e severable. ;';.
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<br /> , 16.Borrower's Copy. Borrnwer shall be given one conformed copy of the Nate and af this Security Instrument. •' :;';;��,,;_.
<br /> ' .. �� 17.Trans[er of the Property or a Beneftciel Interest in Borro�ver. If ull or any part of the Property or any interest in it ,'��,;�'
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<br /> - • - �s ,old or transfened�or if a bencfic�ai interest in Borrower�s sold or transierred and Borrower�s not a nntural pers�on)withouc �- - ,—•-,...,,;�L-
<br />= Lender's prior written consent. Lender may, at its optton, require immediate payment ln full of all sums secureci by this .
<br /> �• Security Instrument.However,th(s option shall not be exercised by Lender lf exercise is prahibited by federal law us of the date `t �, . ,,•
<br />_- of this Security Instrument. ,_';,';�:.�'' . .• ��
<br /> -. , If Lender exercises this option.Lender shall give]dorrower notice of acceleration. The notice shali provide n period of not •�
<br />= � less than 30 days fmm the date the notice is delivered ar mailed within which Borrower must pay all sums secured by this „
<br />_- .. Security Instrumcnt.If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedics �
<br />___ permittcd by this Sccuriry Instrumcnt without further notice or demand on Bc�rrower. ,_ •
<br />"'� 18. Borrower's Right to Reittstate. If Borrowcr mcets ccrtain conditions, Bonowcr shall have thc right to have •,.
<br />'� enfarcement of this Security Instrument discontinued at any time prior to the earlier of: (u) 5 dAys (or such other period as ,_ _ �,
<br />?�• applicable Ia�v muy rpecify Cor reinstatement► before sale of the Propeny pursuant to any power of sate contatned in this .
<br />-_ • - Security Instrument:or(b)entry of a judgment enforcing this Security Instrument. Thosc conditions are that Borrowcr:(u)puys ' �.
<br /> " Lender all sums which then would be due under this Security Instrument und ihe Note ns if no uccelerntion had occurred; (b) � , ,
<br /> _ , cures any default of any other cuvenants or agr��ements; (c) pays ull expenses incurred in enforcing this Security Instrument. �
<br /> � including, but not limited to.masonable attorney: fees; and (d)takes such action as Lender may reuconably require to ussure
<br /> i:;� " that the licn of this Securiry Instrument.Lendcr'ti ri�hts in thc Property und Borrower's obli b�ation to pay the sums secured by
<br />�� � this ScYUriry In�trument shull continue unchanged. Upon rcinstntement by Bormwer, this Secur�ty Instniment and the •,•.,
<br /> - _ ,,_ _ nbtiu�tinnc.erurnd h�nhv ch:dl rem:�in fut(v etf�.�cuve as if no areeleration had oe�uired. However, this riaht to reinstate shult _ __ _ � '-' -
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<br /> �. not apply in the casc of ucccicration unJcr paragraph 17.
<br /> ' 19. 5ale af Note; Chan�e o[ Loun Scrvicer.The Note or u paniul interest in the Note (to�ether with this Securiry ,
<br /> .. Instrument)muy bc s�i1J onc or more timeti withc>ut prior noticc to&�rrowcr. A salc may result in a changc in the cntity(known „
<br /> 4' � , as thc "Loun Servircr")that coUerts monthly payments duc under the Nute und this Sctiurity Intitrument. Thcre�Iso muy lk une � •'
<br /> �'�' or nxire rhungc�ut thc Loun Servircr unrcluteJ tu a sa�c c�f thc Nate. [f therr i�a rhan�c��f thr Luan Servircr, &�rrower will bc
<br /> } • given written nutirr of the rhangc in uccordunce with paragruph 14 ubove und applicablr luw.The notire will stutc the numr und �
<br /> -� • �idm�s of thr new I.oan Scrvircr and thc uJdress to which payments should be m:Kie. The notice will ako cuntain uny uthcr
<br /> :� infiirmutiun rcyuircd by upplirublc law. . .
<br />;.� ; 20. Huiurdous tiubtitances. Hurrmvcr tihall nut rause �ir permit thc prr,encr, u�r, ditipc�.id. .tc�rage, ur relcase uf uny "
<br /> Hu�.urdou� Suh�tuncc� �>n ur in thc Pmperty. Burrowcr tihall nnt do. nur allow anyunc clsc to du, unything uffcrting thr
<br /> ,� Pn��xrty tl�at is in viulutiun uf uny Envir�mnxntul Iaw. Thc pmrcdin�twci.cntrnrcti shall nut upply to thr prc.cnrr, utic, ur
<br /> , �toragc on thc F'ruperty uf�mall yuantitic,��f Hanirdnu�5ubstunrc. that urr gcnrr�lly rcra��!ni�cd t��hc apprc�priatc to norniul .
<br /> -` I rc.idcntiul u�cti iuid t��muintrnunrr uf tBc Pruperty. ,
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<br /> � � � �•.w••.+.•�a form 3028 9190 , ,
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