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<br /> Fubstun�itiliy cc�uividcnt nz�►rt�agc insu►uncc cov�rnga is not:���t�iltmh:.Borro�vcr shall puy to I.cndcr cach month�� sum cquul to _
<br /> ' onc-t�vcifli���Y ti��ycitrly mnjtgii��insearun L prc.mium bt=in�pnid h� Ilorroevcr�vhcn thc insurancc covcragc lap�ecl oi•ccased to �
<br /> bc in cGfci•t. I�:ittlCr tvill ucccpt,u:.r,nnsl rcG.dn tiic+c pnymnntt�m i�}oss resLrvc in licu of mu�tQtirc in�ura�tcc. l.oss rescevc f.�,
<br /> � p:►ymenty may no lon�r.r be ecqulrcd,ut thc option nf Lcndnr�iP ntvr7IIngc insuruncc cavcrii�;c lin thc nmount und ti�r tl�a peri� —
<br /> thi�t Leneter rCquirey)providr�l by nn insurcr n�spro��eil b�� Let►dcrr zr�nin heeomc::;nvailc�ble und is�btninal. Bu�•ruwei•tihnll pt
<br /> Iho prcialu���s`eqnircA to nc�iatafte mo:'tgng=in�=.�m�s��In ef��ECt, :�r Rn provide a loss reservc,until►hc requirentent for mortgub .
<br /> Ii15UYAl1CL'Gl(19 Itl IiCCOfl�nncc with nny written n�rccr�tant hct�e�r,an:l�isrrowcr and l.cnsicr ar applicublc luw,
<br /> " 9, lnspectlon. I.endcr or its ngent mny mukc rcu�'Rmt�hln cnu�'r.cs upnn and inspccti�n.of titc Praperty. l.cndcr shnll gi�
<br /> �orruwcr niulcc at the tfn�c nf or prlor tu nn ins�urtinn sg��vinri.nD musonablc c�usc foR thc inspcctfan _
<br /> 10. Condetrtnntlon. 'chc pr�KrxJn oG'an�� a�w.s•�1 ur•cli,l►n fc�r damu8cs. direct or crn�,eyuentinl, in rnnncction with a _ �'
<br /> condemnntion or othcr tuking of any part of A►u Pr��pert.y,or f�►r.uunveyance in licu of condcmnntion, arc hercby assigncd a�
<br /> sh�dl bc pr�id w Lr.ndcr.
<br /> In dio event of a totnl t:►king of ths Prope��ty,tht�pm��rclE,a,xyhll be applied to the sums secured by this Security InslNmen
<br /> whctltor or not tlicn due, witl�any exccss paid tci Honaa�nc [�i.thc event of a partia! tnkfng of thc Propcny in which the f�i
<br /> mnrket vuluc of thc Property immedintely befc�m tt►u tu{;Inp io caunl to or greater than thc amount of thc sums secured by this
<br /> Security Instrument immediatcly bcforc th� tnkinD,unluER�liurrower und l�endcr othenvise ugree in writing,thc sums se�cured by
<br /> thia Security lnstrument shull kie recluced by tho amnum of the proceecls multiplieAl by the followin� fraction: (n) tho totnl �
<br /> amount of thc sums secured immedintely brfnrn t1t��tui:ing, divided by(b) the fair market vuluc of the Property immcdialcly
<br /> bsfore the tlkins. Any bulance shall r.c puid¢ci�iurrower. In tha event of a partial tuking of the Property in which the falr
<br /> mnrket value of the Property imm�ictiely t�eforn thc tnking is less than the amount of the sums secured innnedi�itely bcfore the
<br /> takin�, unless Borrower and Lens�er othena7F� :igres in writing �r unless applicablc luw othenvisc providcs, the proce,eds shall
<br /> bo npplicd to the sums sccurecl by tliis• Se.�wriur Hnstrument whcther or not dic sums are then due.
<br /> If the Propeny is aba+�uonad by �BuR���•er,or if,after natice by Letxier to Bo.rrower,thut the condemnor affers to mtike un
<br /> awnn!or settle a cl�im for damng�, .Qor�:ro�ver fails to respond to Lendcr within 30 days after thc datc the notice is gtven, __
<br /> Lender is nuthorized to collect nn�ap�9y r��e proceeds,at i��upe,wi.zither to restantion or repnir of the Property or to tlio snm5 ==.
<br /> secured by this Security Instrumant,�����rh�for not then due.
<br /> Unless Lcnder and aorro�ver a'chr.n,vise aeree in writing, any applicatisn of proceeds to principal ahull not extend ar
<br /> ��stpono the due date of th4 monlh]}��ryment� rctened to in paragraphs l and 2 or chru'ige the amount of suct�pnymenta. ��::
<br /> 11.Bnrrnwcr Not�te9�nsea�j�arbes�r�nec By I.Pncler Not u W�[ver.Bxtensioh of the time for pnyment or mcxfificution �y
<br /> of amortizntion af th�sums secwed b��this Security Instrument gr.�z►ted Uy I.ender�to any successar in interest of Barrower shnll ,a.
<br /> not operate to release the li��iliry of c'�e originaal Bonower or BoRS�v�er's successors in Interest. Lender shall not be requimd tv
<br />- commence praceedings ngt�inst uny s.,aces:,or in interest or refus�to oxtend time for pAyment or oiherwise modify umottizatIon
<br />- of tho �ums secured by this Sec:unty instcument by reason of any demand made by thc original Bonower or Borrower's
<br />- successors in interest. Any forbearance by Lender in exercieing any right or rcmedy shall not be a�vaiver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12. Successors and As�tFns Buunil;Joint and Sevcral Liabllity; Co-slgnets. Thc covcnants and Agreemente of this
<br /> Sc;curitv Instrumenz shal! bind axv.l b�nefit the successors nnd assigns of Lender and Borrower, subja:t to the provlslons uf
<br /> pnragraph 17. Borrow�r's cov�n�nts ancf agreemencs shaii be joit►i :uw xYa�i. A:�r :°orm�er ::�ha ze-�3;ns tt�� G^_ur4s;
<br /> Instrun�ent but docs not executo the Note:(a) is¢a•signing this Sec��rity Instrument only to mortgnge,grunt und convey that
<br /> Borrower'�intcrest in thc Praperty undcr the tarms of thie Sccurity instrunxnt; (b)ia not pecsona�ly obligutal to pay the sums
<br /> secured by this Securfty Instrurrwm;and(c)agrees that Lendcr and any other Borrowcr ma,y agree to extend� madify,forbcar or
<br /> mnkc sny accammodations with rognrd to the ternis of thie Security Instrument or the Nnte withaut that Borrower's consent.
<br /> 13. LOAII CIIAt'g�l.If the Ioan setvred by thie Securfty Instrument is subject to n Inw which sets maximum loun charges.
<br /> nnd that law is finally inccrpretoc!so that thc interest ar othcr loan charges cullectal or to be coliectaf in connecttan wlth the
<br /> foan excad the permitted limiss. then:(u)any such loan chnrge shull be reduced by the umount necessary ta roduce tha charge
<br /> to the permitted limh; and (b)ruay sums alreneiy callected from Borrower whtch excceded permitted limlta will �,e rofunded ta
<br /> Borrower. Lender may chnose to make d�fe refund by reducing tl�e principAl owed under tho Note or by mukinB a diti�t
<br /> paymcnt to Borrower. If a ro�ur! reduces principul, tlto redu�tion will bc treutcd as a p.�rtiul prepaymont without nny
<br /> prcpuyment churge under the Nuis�. �
<br /> 14.Notices.Any notice to•Aorrower provided for in this Security Instrument shull be given by delivering it or by mailing
<br /> it by first c�uss mail unless ap�licable law requites use of nnother method. Tho notice shnU be directed to the Property Addross
<br /> or any other address Borro��cr designates by notice to i�nd:r. Any notice to Y..ender shaU be given by tirst class mail ta
<br /> Ixnder's sddress stated h�rcin•c�t any othcr address Lender designates by noticc to Bprrower. Any notice prov,idcd for in this
<br /> Security instru�ent shall b�dtti,:�nxt to have been given ta$onri�wcr or I.ender whan given as providtd in thiis paragraph.
<br /> -� II�.Cove:.iing �.aor; �tv�rability. '[his Security Instrument shall be governed by federal law arid the law of the
<br /> jurisdiction in which ttrr�'mpcxiy is loc�rted. In tt�e evcnt lhut any provision or clause of this Security Iast;ument or the Not�
<br /> conflicts with appl3cab]�D�fl'w,�- unc�onfllc!ahall noi afTect ather provfsions of this Securiry Instrument ot the Nate which Can be
<br /> given cffect without th��co'.nfiiL�ing provisian. To��h�is end the provisions of this 3eeurity Instn►ment aitd t�c Nnte are dcclarcd
<br /> t�be sever�ble. ,
<br /> 16.Borrower's CoY�y:�o.rrowr.r sh�ll be givcn ona conformed copy of the Note and of t�is Securiry Insttument.
<br /> ' 17.Trxns[e.�r ot tlte P�+operty or u Bene�icia!Interfst to Borrower.if all or any purt of tHe Property or any intuest in it
<br /> is snld or transferrc�(or if n l+enefirial intcrest tn Horrower is sold or transfernal and Borrower is not a natural person)without
<br /> • Lcnder's prior writtEti� con�cnt, Lender may, at its opt�on, require immediato payment in 1Lil of alt sums securexi by this
<br /> Se�curity Instrumcnt.EIowe�v��,thts option shall not be exercised by Lcrtder if cxercise�s proBit�ited by fedcrai law as of thc date
<br /> of this Security Instrumenci
<br /> If Lcndcr exeroises ttus option, Lendcr shnll give I3c►irowcr notice ofr accelerntion.Tho notice shall providc a period of not
<br /> lcss thun 30 days fror.�tivr date the notice is delivered or mailed wtthin which Borcower must pay nll sums secured 8y this
<br /> Security Instrument. If d�srower fails to pay these sumo p�ior to tha cxpiration of this period, Lender mny invoke uny rcmalics
<br /> pern�ittecl by thig Sec:urity In3trument without further nntice oc dcmnnd nn[iorrower.
<br /> ' 16. Borrowev's Ri�t�t to Refnstatc. If Borrower mcets scrtain condition�, Borrower shAU hnve the right to liave
<br /> ' enforcement of this Sect:nty Instrument disc�ntinued at �ny time prior to tho earlicr of: (a) 5 days (or such othcr pericxi as
<br /> ' npplirablc law may s�secity for rcinstutement)befon� s��le of the Property pursuunt to any power of sale contained i�x this
<br /> Securiry lnstrumeu¢;oc(b)entry of a judgment enforcing this Security Inst�unxnt.Those conditions are that B�nower:(a)pays
<br /> Le►xier all �surr�a which tt►en would be due under thiR Security Instrument and the Note as if no accelerution had occurcecl;(b)
<br /> cu►•cs any defnult of any other covenants or agir�ments; (c) pays all expenses incurred in enforcing thfs Security instrument,
<br /> ' including, but nat limitod to,rcasonable attornc�rs'Pces; und (d) takas sucl�nction as Lcnder may rcasonably �qutrc ro assure
<br /> � .i.o�.i..l:.u�nf thic����r��v tncrn,ment. Lender s rielus ln the Propeny and Borrower's oblig�tion to pay the sums sccun�by
<br /> thls Securiry Instnirr�nf slinll continue uuchnngcd. Upnn reinseatumc:nt by I3otrower, tntc �ccur�ry mstrument ;tna me
<br /> obligations xc�curud liereby shall rem�in tidly eFfective as if no nccelcrutiun had occurred. However, this right to reinstutc�shull
<br /> nat apply in the wsc of acccleration under puragrapli 17. ��
<br /> 19. Sale of Nr�e; Cliange or Louu ServiLer. ThQ Note or a punial intorest in the Nate (together wltl► this Security -
<br /> Instrument)may b:�+�3J a�r�e or more times witl�out prior notice to Borrower. A salo may result in a change in thn entity(known. :
<br /> � as the"Loan 5ervicer")thnt collects monthly payrnents due under the IVote nnd thts Security G�strument.There ulso may be one �
<br /> or more chang-�:,.'�of ttte I.nan Servic�.r unaclat�d to n salc of the Notc.1f thcrc is u cliHnge of t.he Loan Scrviccr,Borrowcr will bc' �
<br /> � given writttn no:ice of tlie chaa�c in accorclunce�vith para�raph 14 above nnd upplicable law.The notice will stute the name and
<br /> addreas of th�ncw Loan Scrvicer anJ the address to �vhich paynnents shoutd be made. 'i'he nnticc wfll also cantain any other
<br />- information required by�pplicable law,
<br /> 20. lE�azardous �ulystarnces. �urrawer shalt not cause or pern»t the presencx, use, disposal, storage, or release af any_
<br /> Hazard:.us 5ubst:mces on or in th� Property. Borrower shall not do, nor allow unyone else to do, �tnything ut'fecting thc
<br /> Proper�ty that is in violatir�n of Any Environrnental I.,uw. 'The precedin� two s^ntences shall not apply to the presence, use, or
<br /> storngc an thc Propercy of small quantities of Hazardous Substances tltat arc genernlly recognized to bc appropriate tu normal
<br />- residcntial uses and to maintenance�f the Prayerty. ,
<br />_ �oo0 3 0�a Form 3028 9/90
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