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<br /> wbstantially eyuivalcnt m��rtguRc in�ur;uxc ru�cr,�gc is nnt uvail;�htc.H��rr��wcr sTia11 Fu�• to l�ixlcc c;uh nu,�tth a.u�yi cyual t►�
<br /> � �
<br /> iatie-Iu•clfth uf thc yearly mortg;��ii�.�urarxc prcniiwn bcing paiJ hy 6orruw•cr whcn itx in�ur;uur ruvcr�gc Iapx�J u�cw.wJ[u
<br /> he in effctit.l.c�xlc►•will acc�pt, u�c wxf retain�hc�c�ynxnt.r•u� u lo�s rc`cr���in licu af ox,n�;aFc inwr:uxc. 1.��.�s resrr�•r
<br /> � F,iyill�lltti ftWV t1p I011�ev h.rc�uircJ, :u the u�+tian uf txnder. ii nxmgage in�uraix<<vnt ra�e�in t�rc w�xsunt•r��f P.�r tlx p.:ri.w •_
<br /> tt�t l.ciul.r r�yuir.sl prcn•idc:!by an ir�wrcr nppro�•cd by l.nxkr again hec�mxc availAhle anci ie uhtair►cd. &�rc��w•cr.lull pa}
<br /> the'pccmiun�.c requireci tc.maintain nx�rtgage inwrmkti:in cfi��.t,or to pr.���idc u la�.rc�crvc,u�uil thc re�ui:�ment t'ur i�wrtrage =
<br /> inwr,uire e�x1c in acrnrdance w:th suiy wnuen u�,�reeoient betw�cen Borrower:u�d Leixler ar applicahle law. _
<br /> 9. In�pectlan. Lciuier��r it�agcnt n�v m:�f;c rcase�nable cntcics upcm a�xt in.�pcctiun�uf thc Prop.rty. l.e�xkr�t�al) �ivc _
<br /> &Krawer►uuice at the tink i�P u►•prior to;ui inspection speeifying reasc�nable c�wse fur ttte inspection -
<br /> l�. CUfU�C111fWlIDII. Tiu pnxcxtil�uF;uiy award or rlaim tor d:an�gcs. Jirc�t ��r �unscyu.ntial, in cutuxtitiun w•ith tui�• -
<br /> � candemiution ur othrr G-�fcit�;uF any part ut�the Pr��erty, ur f�u c�u�veyanec in(icv of ccHUk,�uutiwi,ar�herwy:uailik:l:w:: �
<br /> slul►bC p:tid co I.en:ICr.
<br /> ln thr event��f u tatal taking of the 1'ro�eny,the prckcedc shall bc applieJ to the sums securcci by thic Security Insu-unxnt,
<br /> whethcr ur not thcn due. K�ith any excecs paid ta Burrawcr. In the e�•cnt i�f a pvtial taf:ing of the Pruprrt}• iu which the fair _
<br /> marke►value of thc k�n�peRy imnuJiutelv before the taking is eqwil to ur grcatcr than the;unount of thr sums�ecurc� b}�this _
<br /> Strurity Insitument imnxdiatety Lrfore the taking,unless Borrowcr and l.endcr othera•is:agree in writing,the�umr secureci by
<br /> this Sccurity Instcumcnt shall bc redurcd by thc aniount oF thc procccds multiplicd by thc following f'raction: (a► thc total _.
<br /> anx�unt of thc suntc sccured inunediately before tAe taking, dividcd by (b) the fair n�arkes valuc of the Pro�ny immcdiatcly
<br /> Liefore thc tal:ing. Any b•rtancc shall bc paid to &�rrawet'. in the cvent of a partial tai:ing of the Property in which tlx fair
<br /> muket valuc of the E'ro�cny immeciiatcly before the taking is 1«s than the anx�unl of thc smns securcci inimcdiately hef.�re tht
<br /> taJcing�unless Borrower arui Lender otherwise�er�.^ ia wcitin�c�r unless applicuble I�w oiherwise provides, the proct.'cd.cAa'_t
<br /> `y be ap�lied to[hc sums secured by t!►is Secur.'ty I�i�tn�ro�nt wtkth�r c►r not the sums are th�n due.
<br /> 1`the Property is abandoneci br Bc�nower, or it",aRer noti�ti b}i.ender to Bonbwer that the eondemnor offers to ma1:e a��
<br /> award or settte a claim tor dsn��es. Eorroa•er faits to res�nd t�•L.er►ci�r within 30 d.,}�s afier the date the notice is given.
<br /> L.ender is authorized t�rrll;cc;uk9 a}�Fly thc prcwe:as,at its option,eid�ri�to r�.:t.�ration or repair of the Prop,.rty or ro the sunu
<br /> secured by this Security In�ttuti�x�u,w h:ther or rt:u then due.
<br /> Untess Lender aix� Borrow-cr otherwise ag�ee in writing, any appfi.ution of proceed+ tu pri�ui}ja1 shall i�.•t e�teud or -
<br /> postp.�the due date of the mon��15 pAyments referred to in�ragraphs 1 and 2 or change the amount of s�:ch payrt�nts.
<br /> i�i. Aorrow�ee Not Released;Forbestrance By I.ender Nai a�Valve�.Extension of the time for pavn�cau or moditication
<br /> of aroorti�:ation of the sums secured by this Secusiry Instrument granted b�• Lcnder to any successor in intexest e•f I3arr,��er shall
<br /> not��erate to release the liability of the original Borrower or Borrower's:u.�essors in inierest. Lender tiFalt not be required to
<br /> comnxax�e prxeadings against any successor m interest or refuse to extenc4 time for paymcnt or otherwlse modify amortization
<br /> of ttie �ums secured by this Security Instrument by reason of any demaixl made by the origina! Borrower ar Borrower's
<br /> suaY:sors in intereu. Any forbearance by I.ender in exercisi�any right or remedy shall not be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> � 12. Suceessotis and As.signs Bound; Jdat and Sevess�l Liability; Co-slgne�s. 'I'he covenants and agreements of this
<br /> Security instnunent shall bind and benefit the successors and �signc of Lender and Borrower, subjact to the provisions of
<br /> � paragraph 17. Borrower's covenants and agreernenu shall be joint and several. Any Borrower who co-signs this Security
<br /> �' Instrument but does noc execute the Note: (a) is co-signi�this Sccuriry Insavment only to mongage. grant and wnvey that
<br /> � Born����es's interest in the Property under the ternu of this S�curity Instrument• (b)is not personally obligated to pay the sums -
<br /> y secun��*}•this Security Instrume�t;arul(e)�rets tt�t I.en�i:r�n3 any other&�rrow•er ma,y agree to extend,modify,farbear or
<br /> ';a make an}accommodations with regard to the tearns of this Secarity lnstrunxm�r the Note without that�orrower's cvn�nt.
<br /> - 13. Loan Charges.if the loan secured I*��t�is Security Inurument is subject m a law which sets tnarirnum lc�an charges.
<br /> - and that iaw is finally inrerpreted so that tha incerest or other loan charges collected or to be collecte.i in c�onnection with the
<br /> � lou�exceod the permitted limits,tAen: (a}any such loan charge shall be reduced by the amount necessary to reduc�the charge
<br /> to the p..rmitted limit;and(b)any sum�already mllected from Borrower which excceded permitted limiu will be tYfuttided to
<br /> Borrowcr. Let�det may choose to ma3ce this refund by reducing the principal owed tu�der the Note or by maicing a direct
<br /> - payment to 8�rrower. Tf a refund reduoes princi�al, the reductioa w�U be treatad ac a par[iai �yme� wi�nouc auy -�
<br /> prepa�•ment charge under the Note.
<br /> -- 14.Notiees.Any ratice to B�rrower provided for in this Security instrument st�ll be given by de:itiering it or by mailing
<br /> -- it by first class mail unless applicable law requires use of another method. 'I'Ae notice shaZl be directod to the Property Address
<br /> or any other sddress Borrower designates by notice to Lender. Any notice to Lender st�all be given by first cti;s mail to
<br /> Lender s address statad herein or any other address Lender designates by notice to Borrower. Any notice provide��ar in this
<br /> - Socurity I�uttument slsall be deemed to have beert given to Borrower or l,cnder when given as provided in this paragraph.
<br /> 15. Governiog I.aw; Severability. Thi: Security Inun�ment s}�all De govemed by federal ��w and i}se iaw of the
<br /> jusisdiction in which the Property is located.lz�wie event that any provision or clause of this Securit}II�u�c�r the Note
<br /> confiicts with applicabla law.such eonflict shall not affect other provisions of this Securicy Instrutt�ent or the Note r�:�ich can be
<br /> gicen effect without tLe ooaflisxiqg pmvision.To this end the provisioas of this Security Instrument wd the Note�x declared
<br /> to be stverable.
<br /> 16.Bomow•er's Copy.Borrower st�all be given one conformed copy of the Nou and of this Security Iiutrument.
<br /> 17. Transfer d ths Property or p Beoeficial Interest in Borrower. If all or any pan of the Property or any interesi in it
<br /> is sold or tru�sfem�d(or if a beneficial interest in Borrower is sold or transferred and Bonower is not a natural person)withoui
<br /> Lender's prior written consera, Lender may, at its option, roquire immediate payment in full of all sums sacured by this
<br /> Security Inuiumznt.However,this option shall not be exercised by Lender if exercise�s prohibited by federal law�of the date
<br /> of tlri.c Security Inst�ument.
<br /> if I.ender eaercises this option, Lender st�all give Borrower notice of aaeleration.The notice st�all provide a petiod of not
<br /> less t2ean 30 days from the date the notice is delivered or mtiled within w•hich Botrower irwst p�y ail sutns secured by this
<br /> Security Instrumei►t.If Borrower fails to pay these sumc prior to the eapira�'ion of this period.L,eader may involce�y remadies
<br /> petmitt�d by this Security InsUument without further notice or demand on Borrower.
<br /> Ifi. Borrowee's Rigltt Yrr ite�astate. If Borrower m�eu certain caditions. Bonower shall have the right to have
<br /> enfott��ryent of this Security Itulnurent discantinued nt :my �me prior to the earlier of: (a)5 days(or suc�other pzriod as
<br /> - appliu�liie law muy specify for reinstatement) before sale ai'the Property pursuant to any poW+er of sale contained in this
<br />_.__ Security Inurument;ar(b)enny of a judgmenl.enforcing this Securiry Insliuruent. 71wse oonditionc are that Borrower:(a)pays
<br />__ l,endcr a11 sums u�tu�i. then would be due us�der this Socurity instruroent :uui the Note as if no xateration h�d oocurred;(b)
<br />- cur� �>> defaulc'uf:u�t;�othes cove;�ants or agrecmcnts; (e)pa�ys all expesues incurre� in enforcing this Security Iastrument.
<br /> ineluciing,iwt art limited to. nasonab�e attomeys' fees; und td)talces such action as Lcnder may rea�onaoly n�{uire to�,w►�
<br />= tt�t the lien of diis Securiry Fnsuument.Lender's rigfus in the Property and Borrower's ubligation to pay the sums secured by
<br />__ this Securiry I��s�niment shall continue unchanged. Upon reirutatement by Borrower, this Security Instrument and the
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