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<br /> subscantialiy cquivalcnt mortgnge insuranco covernre is not avciilable,Bonow�r sh,dl pay to Lender cach manth n sum cqunl to ___
<br /> ono-twelfth of the ycariy martgage insueanee�r�mium being pa�d by Borrower when die insurance coveraFe lapsed or censed to
<br /> bc in effcLt. l.ender will nccept, us�t�nd ret�in tlzese p�yments as a lass re�erve in lieu of mort�i�,e insurance. I..ass rescrvo �-:
<br /> � payatentK nlay no loi�gcr bc rcqtdreil, nt�lic option af L.�:n�4cr, If mortgn�;c ins�aranrc covcra�;c(in Nic nmount tuid fiir thc period �^_
<br /> thnt I..endcr rcc�uir�:s)pravidcd by an insurcr npprnved by I,cndcr nbuln bccornc9 uvailable«nd i5��btnined. (�orrowcr s)�all pay __
<br /> �hr rn,r�}��(��inc�rmiir�l to ntIIitlL'llp trio14FULC�OSUt't1i1CC�0 CfICCt. or to pravldc �loss rc�crvc, until tlic i�cquiremr,nt for moiigc�gc --
<br /> ' insurancc cnds iii uccorcian�c with nny writtc:i�ugrecment bctwccn Beirrotvcr nn�t I.cndcr or npplic;iblc luw.
<br /> 9. �n�pcettnn. Lcnder or its ugent mny make rensonnble cntrie�upnn und inspecdims ��f th� t'ropcihy. l.ender�;hnll giv�
<br /> I3nrrowcr nuticc nt thc timc af or prfor to i�n iiispccUon s{xcifying rcasonuhlc riwsc for aha Ir.spccticm,
<br /> 10. �Couc�emnutlon. TBc prnccccls uf any nwnrd or cl«hn for dumages. dlrcct ar cu��scc�ucntlnl, in conncccion with tu�y
<br /> condcmnution or other taking��t'any part of tho Propcny� ar fur arnvcyu�icc in Ilc:u u:cuudui�nation, arc hcmby as5i�;nr.d and �
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<br /> shall bc paicl to I.endr.r,
<br /> In tlic event of u totnl tuking af the!'ropeny,the pmceeds sliall i�uppUe.J in ahe tiums ticcurcd by tlil�Security Instrume���l
<br /> whcthcr ar nat IhPn duc, with nny exccss pnid to flnrrower. In tlfe cvcnt of u partlnl tcikhtig of'ihc :'ro�xrty in whlcli lGe fu�
<br /> markct value of thc Property immedintcly befcuc tlic tuking is eyunl to ar grcalcr than thc iimount oP thc swns ticcurcd by th�l
<br /> Securtty Instrument immediutcly bcfarc tl�e tnking, unl�ss Horrawcr and LcnAcr othenvisc nbrcc In writing,dic sums sc4umd b
<br /> this Security Instrumcnt shull bc rccluced by the iime�unc af lhc proceuts n�ultiplltd by the follnwing faution: (u) thc tot�
<br /> Amount of thc sums sccurcd immediately bcCorc thu taking. dividul by (b)c�e fair n�arkct valuc of thc Property inunedintel --
<br /> befure thc tnkins. Any buluncc shnll be pald to Horrower. in thc event of a partial taking of thc Pro�►eny in wi�ich thc fulr
<br /> mm•kct value of the Prop.r,rty immediu.,:ly before thc t:tking i9 less than t}�c amaunt of the sums sccurccl immediateiy beforc the
<br /> taking,unless Borrowcr a►nd Lendcr atherwisc agree in wnung or unless applicnble law othenvise providcs, thc procecds shnll
<br /> bc applicd to thc sums secured by this Sccurity Instrument whcther or not thc sums nre thcn duc.
<br /> If thc P�opcny is abandaned by Iiurrowcr,or if, after nosice by Lendcr to Borrower that the condemnor offers to mwkc an
<br /> lward or settle a claim for dumagcs, Borrower tails to respond ta Lender within 30 days after thc dnte thc noticc is given,
<br /> E,ender is authariud to collect nnd apply the prom,eds,at its opnon, Nither to r�st�ration or repair uf 44e Property or to the sums
<br /> secured t�y thia Security Instrument,whether or not tlien due.
<br /> Unless Lender mid Borrower othenvise agre+; in writing, nny applica*.ion af proceeds to principul shalf �ot extcnd or
<br /> postpone ti�e due datt of the monthly paymen�g referred to in par,�graphs 1 and 2 or change tiie a�nount o;F such puyments.
<br /> Il.Borrowei•loiot Releasecl;Forbcuranee By Lender Noi a Wnivc�r.Extension of the timc far payment or moditicution
<br /> of amonization of the sums secured by thi9 Security Instrumcnt grantecl by Lendcr to any successor in interest of Borrower shull
<br /> nat operatc to relcass thc liability of the original Borrower or Horrower's succasors in interest. Lender sh1lL not be rcqutred to
<br /> conunence proceedinge a�ainst any successor in interest ar refuse ta extend tnn�e for payment or othcrwiss modify am�rtization
<br /> af the su�s secured by this Security Instrument by reuson of any demand made by the original Borro�ver or �ur+.nwer's
<br /> successors !n Intcrest. Any forbcarance by Lender in exercisin�nny rlght or remedy shall not bc u waiver of o:pn�:c9ude the
<br /> cxercise of any right ar rem�:dy.
<br /> 12. Successors and Assigns Bouud;Joint anzl Severnl Liability; Co�slgners. The covenan�s and a�reements of this
<br /> Securiry Ynstrument shall bind and benefit the successors and essigns of I.ender end B�rrower. subje�.K to the provisions af
<br /> _ ��raoornnh 17. R�rrowcr's covenants und agrecments ah:�l! be joirn and several. Any Borrotver who co-s4gns this Secudry
<br /> Instrunient but does not execute the Note: (a) is ca-signin�thas 5ecurity Instmment only to mongabe.��am and oonvey u,ai
<br /> Bonower's interest iu thc Property under the tcrms of this 5ecurity Instrumenr,(b)is not personalty obligated to puy Yhe swns
<br /> secured by this Seairity Instrument;and(c)agrces that Lender�nd any other Barrower m�y agzee to er.tc►xl, modify,Yorb�ar or
<br /> make any accommadat�ons with regurd to the terms uf this Security InstrumeRi or the Nate�vithout thnt Bormwer's consent. •
<br /> 13.Loan Churges.If the loan secured by this Security Instrument is se�bject to a law which sets mnnimum loan chnrges,
<br /> and that law is ftnnll�+interpreted so that the interest or other loan charges coflected or to be collected in cann�tion �ti7th!hc
<br /> loan exceed the permutc'd limits,then: (a)any such loan charge shall be redticed by the wuount necessar�to reduce e;ie churge
<br /> to the percnitted limit;and(b)any sums already oollected from Bonower which exccedal permittcd limus wilt be refunded to
<br /> Borrowet, Lender may chaose to make this refund by rcducing the principal a�wed under the Note or by making u direct
<br /> payment tn Borruwer. If a rafund reduccs principal, the reduction will be t�eated as a pattlal prepayment without nny
<br /> prepayment chazgc under tho Note.
<br /> 14. Notices.Any notice to Borrower provided_For in diis Securiry Instrument shall be given by dolivering it or by mailing
<br /> it by first'.class mail unless applicable law requires use of another method.The notice shnll ba directed to the propert�{Address
<br /> or uray other sddress f3orrower designates by notice ro L.ender. Any notice to Lcader shall,be givcn by firsi cl� r.�u+.l to
<br /> l.endoc's addrcss stated herefn or any other address L.ender deslgnates by notice to Borrower. Any notice provided f'ar'si�this
<br /> �teunry inscniment snaii ue rieeu�w i��i�a�c:���a�v��<<.,��,::;�c.-"vi�w.:..a.C;".l::.^,.°.^pi:'�A.^.°.,r:'�•,:�°_•1�„thic�araarnnh. _
<br /> IS.Governing t.a�; Seversibility. This Seci�rity Instrument shall ix �ovcrncd by fedcral d�� and the law of th$
<br /> jurisdiction i�►wi�icL tl�a F���e►ty is ta;ut�i. Ii tlse�vcnt that any provlsion or�lause of this 3ecurity Tnstruntent or the Note .
<br /> wnflicts�vith applicable law,such wnflict shall not uffect other provis�ons of Ihis Security Instrument or ihe Note which can be
<br /> given tfifz�t v�ithout d�e conflicdng provision.To this end the provisions of this Security Instrument and the Note rse declared
<br /> to be severablc.
<br /> 16.Borrower's Copy.Boaower shall be given one confonned copy of thc Note and of this Security Instrument.
<br /> i7.TrAns[er oi the Property or a Beneficiaf Interest in Borrower.I�all or any part of the F�uper�y or uny interest in it
<br /> is sold nr transferccd(or if a benefictnl interest in Borrower is sold or transFerred and Borrower is not a nuturnl person)withoue ,
<br /> L�endcr's prinr written consent, L,endcr may, at fts option, rec�uire immcdiate payment ln full of all sums secured by this �,
<br /> Securiry Instrument.However,this option shall not be exercised by Lender if exercise is��rohibited by federal luw as of the date �
<br /> of this Sccurity Instn+ment.
<br /> If Leixler caercises this option,Lendcr sliall give Bonowet notice of acaleration.The notice sh�!pr4vide a pericxl of not �
<br /> less than 30 days Crom ttie date tlte nottee is delivered or mailed wtthin which Bonower must pay all sums secared by this
<br /> Seeurity Instrument.If liorrowcr fails to pay these sums prioz to the expiratian of'tl�is period,Lendcr may•invokc uny remedies
<br /> permittec�by tl►is Security Instrument without furthcr nnticc or demund on Bottower.
<br /> IS. liorrower's Rtght to Refnstate. If Borrower meets certain conditians. Borrower shnll I�ave the right to hnve
<br /> cnforccment of thts Socurity Instniment discor.tinuc�d at any time prior to ihe earlier of: (a)5 days (or such odier period us
<br />-- applicabl� Inw may spccify for reinstatement) Uefore sssle of ihe Property pursunnt to any powcr oF s;►!e containod in this
<br /> Sccurity InstrunKnt;oti•(b)cntry of a judsment enforcins this Securlty Insuunxnt.Those conditions nro that Borrower:(a)pnys
<br />— Lender all sums which then would be due wider this Security Instrument�nd the Note ns if no aocelerstion had occurred;(b)
<br />— cures any default of ony other covenants or ngreements; (c) pays nll expenses incurred in enforcin� th[s Securiry Instrument.
<br /> including,but not limited to. rcnsonable attorncys' fccs: unct (d)takcs sucli ation as Lcadcr may reasonab{y require to rtssurc
<br /> that thc lien of this Six:urity Inst�ument, Lender's�hts in thc Property and Borrower's obli�ateon to pay the sums sc:cured by
<br /> _�_u _ ...�1.�.. it...... .e{...,�e�mwnt 6u [lnrvnwar t ic .�'nCltltitV iactrument Nld �lC
<br /> � LIItS JCL'UTII�' III3OUII1G7tt JItAn a.Vtlitnuv YtR/tP�taW• v�.vn ..... . .. ..� -"'-.. ...._ _. .� .
<br /> obligntions sc:cured hereby shall rentatn fully cffcctive as if no ucc:eleration had otti►rrcd. Howevcr, this rigl�t to reinstate shall
<br />= not�+pply in thc rasc nf acccicration undcr paragraph 17.
<br />— 19. 5s�le ut Note; Chnnge of Loan 5ervlcer. Thc Notc or n pani;�l Intcrest in thc Note ftogcthcr with ttiis Sccurity
<br /> Inst�ument)moy bc yold m�c nr moi�c t[mcs without priur nuticc tv Bo�rowcr.A salc mny result in a change in tho cntity(known
<br /> -- ns clte"l.ain Servicer")that collects monthly payments due uuder the Nate:�»d tBis,ccurity instrumont.There also moy be une
<br />— or morc�hanges of thc Loan Scrvicer unminted to n salc of the Notc.If tEur�:is u changc of thc Loan Scrviccr,Korrower will be
<br /> given writtcit notice of the cl�angc in accordunce with parngrapli 14 nbove�nd applic:iblc law.The notice will stnte the name nnd
<br /> addreas�f thc ncw Loan 5crviccr and the address to which payments should bc mndc, '1'hc notice will also wntain:uiy othcr
<br /> informatian rcquircci by c+pplicable la�v.
<br /> 20. Ns�zardous SubsUanccs. Borcowcr sliall not c;iusc or pern�it thc prcscncc, usc, disposal, stor�gc, or rcicasc of any
<br /> Haaarduus Substanc�s on or in thc Property. &�rrower shall not dn, nor allow anyorte elsc to do, unything uffecti�g tl�c
<br /> Pioperty that is in violution of any Bnvirmvnental S.aw. The preceding two sentences shall not apply to ihe presence,use, or
<br /> stomge un the Property of sma►I quantitics of H;twc�ciot►s Substanccs tftat an gencrally recognizcd to be�ppropriate to norm:tl
<br /> residcntial uses und to maintenance of the Property.
<br /> r.ose���a ' Fann 3Q28 9190
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