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<br /> + .ubstantiully cyuivulent rnartuane inu:r��a:e c^��srsge i�nat a�nilnhie.Borrower shail puy m l.ender euch muntfi a zum eyual to ' .' ti� ,>
<br /> -. .. __� -----�.__.
<br /> �,. one-t�vclfth of the ycurly mc�ngu�e insur:uicc premium being paid by Borrnwer when the in�;urunre c��veruge fap�e�i ur crax-.i ta
<br /> bc in cffect.I.ender wilt acccpt. asc und rewin these payments as u loxti rescrvc in licu of m��rtgage intiur.�nre. t a�ss rcticn�c�
<br /> paymcntti may nu lungcr Nc required,at the aption of I.endcr,il'murtgu�c insuruncc r�wcnigc l in chr amount und fi�r thc peri�ut , „ ,
<br /> ' that L.endcr rc�uire,)provWed by un inwrer uppmvud by [.cnder ugaia lxcumes uw�iliiblc und i�uhtuincd. Sonowcr�h�ll pa�
<br /> the premiumti reyuired t�muintuin mortgage in�unmce in eff'ect.or tu pruvide u lutir resen�e.until the requirement titt�tii��rtgugQ�/
<br /> in�urancc ends in:�cardcmce with uny wriuc�i ugrecment hetween Hiyrn�EVCr and I.ender ur upplicahlc luw•
<br /> • 9. Inspectinn. l.endcr or its ugent muy muke rcu+onublc entrics upem t�nJ intipcctionti uf the Fr��perty. l.cndcr�huU gi�•c �
<br /> �• Bnrro���cr noticc:st thc timc•�f or priur to an ln�pection spccifytng rca.conablc cuusc far thc in.rpertinn. „ .
<br /> " !0. Condemnutlun. The procads af uny Uwurd or cluim f�r damuges, direct ��r cnnscyucntial, in cannectiun with uny �i ,;
<br /> rnndcmnc�tic+n or uthcr taking of uny part of d�c Property, c�r for rcmvcyimcc in li�u of condcmnuti��n, arc hcrcby utisi�;ncd und i,Q
<br /> shull bc paid to Lcndcr. �
<br /> in tBe event of a tnt�l t�icing af the Property.the proceeds shall be upplied t��the.ru►ns secured by ihi�Security Instrument. !� ,
<br /> � whether or nut ihen duc,with uny excc�ss puid to Sorrowcr. In the event of u partiul tuking of the Pn�perty in which the fair
<br /> market vulue of thc Pr��percy immediately lieforc thc t:sl:ing is equal to ar�reater thun she umc�unt of thc�ums sccured by this
<br /> Security instrument immediatcly befor� the taking,unless Borrower und Lcnder othctwise ugme in writing,the sums secured by
<br /> thi, Securiry Instrument shull be reduced by the amaunt of the procecJs multipli«i by the 1'aUowing frnction: (�) the total
<br /> amount of the sums serurcd immcdiately befare the taking,divided by(b) the f:iir market valuc of thc Property immcdiutely
<br /> befare the taking. Any balance shall be paid to Banower. In thc event uf u panial tuking u!'the Property in which tho fair
<br /> , market v�lue of the Praperty immediutely before the taking is less than the amount of the sum�secured immediutely before the ,
<br /> ' taking, unl�s Borrower and Lender otherwise u�;ree in writing ar unles�applicable law othenvise pravides, thc proceeds sh�ll
<br /> � be upplied to the sums secured by this Security Instrument whether ur not the sums are then due. ,
<br /> ' If the Propeny is abandoned by Borrower,or if,after notice by Lender to Bon�wer that the condemnor offers ta make an �
<br /> award or settle u claim for damaga, Borrowcr fails to respond to[.ender within 30 days aCter thc dntc thc notice is given.
<br /> Lender is authorir�:d ro collect and apply the praceeds,at its aption.either to mstorattan ar repair af the Prope�ty or to the sums . �T�
<br /> secured by this Security lnstrument,whether or not then duc. �;clition of roceedc to rinci at sha8 not extcnd or � ���
<br /> " Unless I.ender and 13orcower othenvise agree in wri►in�, uny app p P P' .
<br />: � ' postpone the due date af the monthly payments referred to in parngraphs 1 and 2 or change the amount of such payments.
<br /> - 11.Barrower Not Released;Forbearance By Lender Not a Waiver.Extension af the time for payment or mcxiification .
<br />� � of amortization of the sums secured by this Securiry Instrument granted by I.ender to any successor in interest�f Bo�rawer shal! �'�••1
<br /> " " not operate to release the liabllity of the original Borrower or Borrower's successors in interest. Lender shall not be required to ,. �' ,, r
<br />- ' mmmence proceedings a�ninst any successor�n interest or refuse to extend time for payment or otherwise madify amortizntion �+":�
<br /> °. of the sums secure�by this Secunry [nstrument by reason oF any demanJ made by the origiaal Borrower or Borrower's , ,,.�,4 a�
<br /> `� successors in interest. Any forbearance by L.ender in exercising any right or remedy shall nui be a waiver of or preclude the
<br /> " � exercise of any dght or remedy. •�� -�
<br /> • � 12. Successors and Assigns Bound; Joint and Several Liability; Co-si�ners. The covenants and agreements of this t.��q�'�
<br /> ..,
<br /> Security Instntment shall birld and benefit the successors und assigns of L.ender and Barrower, subject ro the provisions of "'�'
<br /> ' " � paragniph 17. Borrower's mvensuus and Agreements shail be joint and seversl. Any Borrower who co•sjgns this Security •. ,,,•=� .�
<br /> rant end conve that
<br /> Snsirumeat�us does not exfc�te tl+�No�c: (a1 is co-si�ning this Secu�ry Instrument only to mortga�e, g Y
<br /> � j Bonower's imemst tn the Property undcr the terms of this Security Instrument;(b)is nat personaliy obii�aced iopxy t1►c su��ns
<br /> :. „ � secu�d by this Security Instrumenr,and(c)agrees that[.ender and any other Borrower may a�ree to extend,modify,farbear or ,
<br /> .. , make any nccommodations with regard to the terms of this Serurity Instrument or the Note without that Borrower's consent. °�. .+; '.
<br /> 13.Loan Charges. If the loun secured by this Securiry Instcument is subject to a!uw which sets muximurri loan char�es. .�. r � 1
<br /> and that law is finally interpreted so Ehat the interest or other loan char�es collected or to be coqected in connection with the ''?'• •�j ;.
<br /> 'Y' ''."C. �
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<br /> laan exceed the permuted lim3ts. then: (a) any such loan char�e shall be reduced by the amount necessar�to reduce the charge `,;ti ��i;
<br /> to the permitted limit: and Ib)any sums already colletted from Borcower which exceeded permitted limits wilt be refundetl to
<br /> � •�1' ,'` Borrower. L.ender may choase tu make this refund by reducinE the principul owed under the Note or by makin� a direct '�•�;
<br /> ��`r:�.':,.'•.. . ,
<br /> �••,..°�s:!�:;���,,•:,; payment to Borrower_ If a refund reduces principal, the reduction will be treated as a partial prepayment without any ,
<br /> ' prepayment charge under the Note. , _
<br /> 14.Notiees. Any notice to Horrower provided for in tliis Security Instrument shutl be given by delivedng it or by mailing �
<br /> • tt by first clas�mail unless applicable luw requires use of another method. The nottce shall be directed to the Property Address � �► --
<br /> or any other address Aorrower daigaates by notice to Lender. Any notice to l.ender shall be gtven by first class mail to '��!�'—`
<br /> v,.��--
<br /> � ' ' • L.ender's address stated herein or any other uddress L.ender designates by natice to Borrower. Any notice provided far in thts �•� `
<br /> •• • Security Instrument shall be deemed to have been given to Borrower or I,endcr when�iven as provided In this p;►ragraph. " .:��
<br /> 15.Govem[ng Law; Severability. This Security Instrument shall be goveme� by federal law and the law of the
<br /> ; " jurisdfction in which the Property�s located. In the event that any provision or clause of this Security Instrument or the Note � _:_�,,�-
<br /> �� conflicts wtth applicable law, such conflict shaU not affcxt other provisions of this Sacurity Instrument or the Note which can be ---s
<br /> •• ��;.:; � };iven effect without the conflicting provision. To this end thc provisions of this Security Instrument and the Note ar+e declamd � _ _ _
<br />- r . to be severabte. ��•
<br /> � 16.Borrower's Copv.Borrower shall be given one conformed copy of the Note and of this Securiry Instrument. �r•;
<br /> � '' � ' 17.Tran.gfer of the Property or a Bettefictal Interest in Borrower.If all or any part of the Pruperty or any interest in it • -.���,;
<br /> � � - - is sold ur lra���ferced(or it'a benefic[al intemst in Rc�rcower is sold or transferred end Borsower is not u nutucal person)without � : ___'��"
<br /> . ` � � Lender's prior written consent. Lender may, at its aption, requ ire imm e d i a t e p a y m e n t i n f u l l o f�II sums secureci b y this ;. -
<br /> , Security Instrument.However.this option shall not be exerclsed by Lender if exercise�s pmhibited by federsl law us of the date :.,,
<br />-� .. . of this Security Instn►ment. „
<br /> �, If Lender exerctses this option, I.ender shall give Sorrower notice of ucceleration.The notice shall provide a period of not ,
<br /> �• less than 30 duys from the date the noticc is dclivered or mailed within which Botrower must pay uli sums sccured by this
<br />- , Securiry Instrumcnt.If Borrowcr fails to pay these sums prior m the expiration of this period.Lender may invoke any rcmedtes
<br />- permittcd by this Security Instrument without further notice ar demand on Bonower.
<br />" ' IS. Borrower s Right to Reinstate. If Borrower meets certnin conditions, Bc�rrower shutl have the right to have ��.,,
<br />,_,,.'; ' enforcement of this Securiry Instmment discontinued at uny time prior to the earlier of: (a) S days(or such other period as „
<br /> • . applicable luw may specify for reinstatement) befom sale of the Property pursuant tn any power af sate mntained in this
<br /> Security Instrument;or tb)entry of a jud�ment enfo�cing this Security instrumcnt.Those conditions are that Borrower:(a)pays
<br /> Lender�ll sums which then would be due under this Security Instrurnent and the Note as if no accaleration had accurred:(b)
<br /> _ � cures any default of any aher covenants ar a�reements; (c) pays all expenses incumed in enfonin�this Securiry Instrument.
<br /> - including, but not limitcd to,rca5onablc attorneys' fees: and(d) takc�surh actiun as Lender may rcasonably require to assure
<br />�- thut the licn of this Securiry [nstrumcnt. Lcnder's rights in the Property und Bnrmwer's obli ation to pay the sums secured by ,
<br /> ' � this Security Instrument shall crontinue unchangcd. Upun minstatemcnt by Borrowcr, t�is Secur�ty Instrument und the �
<br /> - -- ... . .. . ..... _.__:_e..n.. ..ec:.........v.....,....,.t�,r�ei.�n h:ul .,���«rrMi. However_ chi,ri�ht to reinstate shall _
<br /> ..�__.. _---�- ``_- Obll�'Af10Ilti SCCUfi7U ItC(tuy�uuu �auam.a.0 � -.--.. - --
<br /> _ � ...r�....«.... ...,....�.�".._...--- -- - . - _ -_-_:_._
<br /> � not apply in the ca�e of acceleration undcr paragraph 17. . ,
<br /> 19. Sale uf Note: Chan�Ge of Loun Servi��cr. Thc Natc ��r u panial intcrc.t in thr Nutc ltugcthcr with this Sccuriry
<br /> Imtrument)may be sold one��r mure times without prior notice to&�rnnvcr. A wlc may m�ult in a change in thc cntity lkno�vn �� •
<br /> - _ a�the "I.oan Serviccr")that colle�ts montl�ly paymrnts duc undcr the Notc and thi�S��urity In.trument. Thc�r ul�n may tx��rte � •
<br /> j, • ar m��m changc.uf the Luan Servirer unrc{utcd to a wic of the Natc. If thcn i.u rhungc uf Qu Luan Scrvic�r,[3urn�u•er�vill b�
<br /> �� givcn wriucn nutirc�if thc chun�c in u�rorcfuncc with parugr�ph 14 utxwc und applicablc law. Thc ni�ticr�vill statc the namc:md
<br /> addreti.uf thc nc�v Loan Scrviccr und thc addrcs�t�� �vhich payrncnt.+hunld h�maJr. 'I'hc noticc �vill aha r��ntain any ��thcr
<br /> - �� infiirmaticm tt•yuircd by applicablc luw. �
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