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<br /> yubStanually eqnivatesit mnrt�e inswanae mve�age is noi avaitable.Borrower s�all pay to Ixnder each month a sum equal to _
<br /> oe
<br /> � one-tweffth�f the yeariy mortgage insuranc�e gmmium being paid by 8orrower whea the insurance coverage lapsed or oeased to
<br /> be in effect.I.euder will ar�pt,ux and eetain dtesc payments 8s a toss reserve in lieu of mortgage insurance• LA�s reserve • —
<br /> • ,payments may na longer be wred,et thr opt�of Lender,if mortgage insuranrR coverage(in the amount and for the p2riad
<br /> a
<br /> ` that Lender requires?psovtd�by an ins�er z�+civ�ay���again becames available and is obaaiued.Borro�ver shatl paY r
<br /> ` , �he premiums requinzd ta y�aiutalQ�xzattgaga insur�cK in effe�t,or to provide a loss rzserve.untii the requirement for mortgage �
<br /> . insurance er.�s in acoor�a�e with a�y�riuen�me�t aenveen Borro«er and Lender or applicable l�w. _.
<br /> " 4.Irtspeetiur�.Lender ar[ts.sgeat enaY malce reasonable entries upon and insp2ztions of the Property. Lender sl�all give _
<br />- Borrouser noticce at the time of or gr�e�r.to an insg°ctiott sgecifying reasoaable cause for the tnspection. _
<br /> �
<br /> - - 10.Conderanstt�on.The proc�ds of eny award or claim far duma�es.direct or oonsequential. in connecdon with any —
<br /> • oondemnati�n az other taidng of any pard of the Froperty.or for wnveyance in lieu mf wndemvation.are ltereby assigned and �_
<br /> :. shaU be�aid ta Lender.
<br />' " � In the event of a toral taking of the Propertg+,the prcceeds shal!be appliad to the swns�ecured by this Seciuity Instrument. _
<br />�t wflether or not then dne.with any eacess paid to Borrower. In the event of a partial taicin�of the Property in which the fair -.
<br /> ' martcet value of the pr�perty ir�smerJiately befor2 the taking is eqaal to or greater than the amount of the surns�ecured by this F
<br /> � Secvrity Insuument immed'zate{y befan the taking,untess Borrower and Lender otherwise agr�in writing,th�sums secured by =
<br /> U�Ls Seauiry Insnument shail bd redused by the amount of the proceeds multiplied by the following fraction: (a) the total e
<br /> amount of the sums s�cured �ia'.ely before the taIdng,divided by(b)the fair market value of th�Property immediately
<br /> bsfore the taking. Any batance sS�s]!I 6e paid to Borrower. In the event of a partia! taking of the Property in which the fair _
<br /> market value of the P'roperty ir�rr:�i��ly before the taking is less than the aznount of the sums s�immsdiately before the
<br /> taking,unless Borrowtu attd I.e�P.f.'other�vise agree in vmung or unl�s applicable law otherwise provides, the proceeds shall
<br /> � Ue apptied to thp swns seair�d by ttus Sec�urity Instmraent whether or not the sums are tSen due.
<br /> :.,y if the ptogetty is,abaradoaed by Borrowec,or if,aRer notice by Lender to Borrower that ttre oondemnor offias to make an
<br />, awar�ax s�t2le A�laiea for damages.Borrower faits to respond to Lender witbin 30 days after the date the nodce is given.
<br /> •• I,ender is aa�snzixad fo oollect and apply the proceeds,ai its�ptioa,eithes w restoisiion or repair of the Property or to the sams
<br /> secucec!U°a�Se�ree�a Instrumetit.wheYher or aot then due.
<br /> �. � UnJess I.end�rr and Bor�awer otherwise agres in writing, anY aPP�cation of proceeds to principal shall nat catend or
<br /> '. jsosiEwr,e the due date qf the mnnthlY payments•refetted to in puagraphs 1 and 2 or change the arnount ef Ench payere_.�"�s:
<br /> �l.Borrower l�iai Re3z�d;Forbearunc��y Lender lYut a Watver.Extension of the tune forpayment or�od�firatian
<br /> o��vo�atian of the sums secura�by dus Security Instmm�at granted by Lender w any su,oxssor in interest of En�wer sf�aU _
<br /> ' neoz, ,G�+(',rat,e w release chr titf.��litS�a��We original Boirower or Horrower's successo�s in inu�t. I.ender shall not he required to =
<br /> . �p�t�oe Pzqreedit�,S¢ ,a�,�i,ft9t,.�y`s�ooessor ia iaterest or re�se ro extead tifne for payuz�or otheswise modify amortizaYion . �
<br /> ooe.
<br /> of tbt sunas.seatrErl �j•.ttiis.Secunty Instn�eat by a�eason of any demand made lry!$�originaf Borrower or Borrower's � ��
<br /> '''�'`�� s�cccessor�in�i � ,�5t:�My forbearanoe by Lender in exercising any nght oc temedy sha11 not be a�vaiver of or preclude the ,
<br /> �� exerc�,ssofa�y��h�,or�remedy.
<br /> ' 2Z.Suocessors arid Asslgns Bonud;Joint and Severa4�Id�ility�,�a�sigueis.The covenants and agreemen�5 of this
<br />. ...`; Secudg�•(nstcument sl�all bind and benefit the successors�ffi.�signs of ixnder and Borrower, subjert to the pm�ur.�eans of _
<br /> paragsAgh 17. Bnrrower's covenants aud agi�ecments sLaJ.� D�joint aad aeveral. /�ny Borrov++er who co-sigas tfs�..�.5ecurity
<br /> InsVument�ut does not execute the Note:(a) is co-signir•.��-as Securiry "�suument onlY co mortga8e<�t and wm`eY th�
<br /> . ; Borrower's interest in the Property under tha tQm�s of this Securiry Ins�t; (b)is not petsonally o���ed to pay the sums _
<br /> secured by this Ser,urity Instcument• and(c)a�t5at Lender and any otfr�Borrower may agree to exx�:.3,modify,for6ear or _
<br /> .p�ap.��ny accommodatiipns tivith regard to the tr�m.s af this 5:�rity I�nstrument or the 1>Tote without that Baaower's consent.
<br /> 4�Loan Chuges.If the loan secured by this Secunry Fnsuument is subject to a law wbich sets maximum loan charges.
<br /> aud.that law is fusally interpretsc!�a thaE the interest or other loan charges collected or to 6e collected in eonnection with the
<br /> Io�eacc.eed the germitted limits,tf��n:(a)auy such loara charge shall be reduced by the amount necessary to reduce the charge
<br /> � to the petmitted.titaZ¢�.and(b)any sums alceady collected from Borrowet u+t�ich exceeded permitted limits will be refuaded to
<br /> �.;� Bormwer..Lender.��y choase W raake this refund by reducing the prit�d�:al owec�E ander the Note or 6y making a di�ect
<br /> paymeeu ro B�arn�+s�r. If a refund rrduces principat. the reduction wi;C• �`e ueated as a partial prepaymeat withaut arry ,
<br /> ! m at
<br /> '�'.k P��3?�t c,�args under the Note.
<br /> �.�l.:\ustrice�.Any notice to Borrower provided for in this Secuaty Instnunent shall be given by deliverins it ot by mailtn$
<br /> ' { it by�.rs:c�szai!unless applic�able law mquires use of anather methad.The noace shall be di�ecied to the Pmperty Address
<br /> , ••� or any e;��r`�s Borrower designates by r.atice to Lender. Any motise to Lender sball be given by first class mail to
<br /> :_j, Lendec's:�ais�::'-�te�herein or any other addmks Lender designatp,s by a:rice to Eoirourer. M�nniice pmvided for in tfds
<br /> ' .• s Se.�utit�:�stsusitant shall be.deemed to have been given to Boaower or Lender when given as provided in tltis paiagraph.
<br /> L�a":Govern[ng Law; Severa�ili4y. This Security Instn�ment shaU be gaver�ed by federnl !aw arcd the law of the
<br /> ��••� jurisd-:q�.:�n iu w}uch ihe Pcopetry is located. In the event that an}r provision or clause o�r�is Seeurity instrument or the Nota
<br /> � . � canflid's wiW applicable law,such confltct sha}1 noi affecc other pmvisions cf tlria Sec:,�.ry instrument or tLe Note which can be
<br /> ��•;: , given e6foct anthout the conflIcting provision. '�m c.`us end the provisio��E�:s S�u�iry Iasuument and the Note are deslared
<br /> • �� . . to be severable. .
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<br /> . 16.Borrower's Copy.Borrower shall be��.�n Qae confarmed coF-,�cr��Y�Note and of this Security Ins�ument.
<br /> � ` 17.Transfer of tbe Progerty ar a Beeeficial Inte�t im�orrawer.��a11 or aay part of the Property or any interest in it
<br /> • � ` is so:�or transfernd(or if a benef cial interest in Borrourcr i.,saId or tcansferred aad Borrower is not a natural person)withwt
<br /> � ..;,;; , Ler.r3i;a`s prior written consent. l.ender may, at its ogtYu�. c�equire imme�iate payir,wu in fuU of alt sums secured by t6is
<br /> ':�,.:;•; . Se�:r,i,�r Instmment.However.this opdon shal!nct Ise exerca�,:.i D/Lender if exerctse is prohibited by federal law as of the date
<br /> ..,,��,', ai'�5ecurityl� �*►� t. .
<br /> ' 1�'Y.ender exercises this option,LeRder stsa^PJ:�ive Bom„u+�.;��otice o�ac�letudoa�.The.notice st;�l9�roviQe a period of nat
<br /> �.. �T le5s tnan 30 daya from the date the naiice is d�:livered or�ied within which Ho�ri:�er mnst pay a:i sams secured by this -
<br /> . Securiry Instrument.If Borrovrer fails to pay duse sums pricz so the eapiradon of ttus��d,Let�der may imoke an}+remedies
<br /> '� : , peanitted by this Security Inswment withuut furthet notice or demand on Boruowea '
<br /> •: :�;�.� !8. Borrower's Ri�ht to Reinst�te. f,� Borrower meets certain wr:�itions, Borrower shzSS r..ave the right to have
<br /> enforcement of thls Security Instrument disaa��tinued ac any time prior cr�ct;r: earlier of: (a)5 days;�c such other period as
<br /> ���, a�plicable 1aw may specbfy far reinstatement) before saie of the Prope�� �ursuant to arty power cf sale wntained in this
<br /> S�.suity Lnswittent:or(b)entry of a judgment cnforcing this Security Iasirument.Those conditions are that Borrower:(a)pays
<br /> F,r.�rdr,r ell sums whlch then would 6e dae under this Security Inswment and the Note as if no ecceleration hud occurred;(b)
<br /> ca;-�any default of any other covenuus or agreements; (c)pays all e�pei�ses incuned in enforcing this Security L�st�v�u.
<br /> � '•,.� iactuding,but not Itmited to,reasonable attomeys'fees;and!d)takes sur.�action as Lender may reasonably require to assure
<br /> that the lien of this Security Insttument, l.endet's rights in the Propeny an�Borrower's obligation to pay the sums secaued by
<br /> �,`�'�� this Security Instrument shnll continue unchan�ed. Upon reinstatement by Borrower. this Setunty instnunent and the
<br /> �{;��� obligations secural heteby shnll remain fully effettive as if no acceYeradon had oocurred. However.this right to reinstate shall
<br /> , nat apply in the case of acceleration�nder paraga,oh 17.
<br /> � 19. Sale of Note;C�nge ot Loan Sesv[cer. The Note or a partial interest in the Note (together with this Security
<br /> � Instrument)may be sold one or more tin:es wiEhout prior notice ro Borrower.A sale may result in a change in the entity(known
<br />• � as ihe"Loan Servicer")that collects momhly payments due under the Note and this Sei,vrity Instn�ment.There atso may be one =
<br /> or more chunges ef the Loan Servicer unrelated to a salc of the Note.If there is a change of the Loan Sen+icer.Borrower will be
<br /> � ` given�vritten notics of the c6ange in accordance with paragraph 14 above and applica6le law.The notice will state the name und
<br /> address of the r�ew Loan Servicer and the address to which payments should be made.Ttze notice will also contain any ather
<br /> , informarion requircd by applicable law.
<br /> Z0. Hazurdous Substances. Borrotiver shall nat cause or permit the presence. use, disposal, storage. or release of any
<br /> Hazardaus Substances on or in the Property. BoQrower shall not do. nor altotiv anyone else to do, anything affecting the
<br /> � Property that is in violation of any EnvironmenW Law. The preceding two sentences shall nnt apply to the pmsence,use,or
<br /> storage on the Property of small quanrities of Ha�ardous Substances that are generally recagnized to be apprapriate to normal
<br /> restdentia]uses and to maintenance of the Property.
<br /> vncn a o�a Form 3028 9l90
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