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<br /> � su$stanHally es�uivalent cnflrtga�e insuance ooverage is nnt avaitable.�arrower shalt pay to Le�cder each month a sum equai ta ---
<br /> . . • oa2-twelRh of 4he yeatly mott�a�e insurnn�e pm�i�be�P��by Eoscower�vhen the insurauce cave.rage lapsed ar oeased to �^-
<br /> be lu eff�.I.ender will ar.oep�use und retain these payazents as a loss reserve in lieu of mortgage insurance. Loss �eserve �•;:__
<br />. '.,. `•' • paymenps may no lo�ger be recNutd.��option�f Lender.if mortga�e insivance coverame(in t�e amount and for t�e period • __
<br /> . that Lead�r requtt�s)provided by aA insurer appraved by Leuder again berames available and is obtained. Bo�tro for ma��ay� -�.
<br /> the remiutns r�tired to maintain mortgage ins�uance m e�frct.or to provide a Icss reserve.uniil the reguire �� �_�=�'
<br /> — f �-
<br /> instuance ends in scw�dau�witt-�aay wz�iien a��nant br.tween Eorrower and i.ender or applitable law. Lcr,dzs s�;a!!gfl�:e
<br /> �
<br /> ' 9.YaSpe�to�. Lender or its ageui ffiay make reasonahle entries upon und inspectior�s of the Properiy. �.�,..
<br /> Borrawer a4uce at the time of or priar to an insp�c.tion specifying reasonable cavse for the inspecdon. � _—.F�
<br /> me
<br /> • I0.Co�tsiPmqtatlon. The prac�s of a�i awacd or�aim f�ndamag��directaf condemnattoa.ane hereb�y assigaed and _ -.-
<br />_ oonde�aiIoa or ott�er tairing of any pzst of the Pmpe�ty. eY a e __
<br /> • sha116e paid to Lender. u�to the sums secured by this Security Insuument, : ,� ;�
<br /> �' In the event of a rotai taldng of the P�perry,the pmceeds shall be aPP� of the Property in which the fair� �±=P;�
<br />� ` w h�t her or n�t them due. with any excess paid to Borrawer. In the event of a partial tatdn8 =
<br /> marIcet value of the Property imm�diatety before the taki�ag is eqvat eo or grzater thaa t h e amo'nt��eg Sthe sums secured Y bY ���L
<br />- Security Ins�ent i��rr�diately hefor�e the taking.unless�orrower and Len��r otherwise agree� �[;�:�.__.
<br /> . ' '� � this Security Iasuament shall be reduced by the a�rnaan�of the proceeds cnultiplied by tl�e following fraction: (a)the total �,;.
<br /> e
<br /> ` a m a u n t of the sums secu�ed immediatsly before ths talcing.divided by(b) titr�markei value of the Prope which t�a`i* '� `
<br /> � � (��noe shaU be paid to Borrower. �r►t h e event o f a a l t a k i n g o f t h e P r o p e r t y � �—��"-�°-"::
<br /> before die takin8• Y
<br /> � �� market vat� of the �'roperty imwediately before the taidng is IESS th3n the amaunt of the sums secured immEdiatety before the �:
<br /> t a k i�,aa:ess Borrower a:d I.end¢r otherwise agree ir►writi.eg oa unlesa appllcahle taw othcnvise provides,ttse proneeds shail , _ '_
<br /> : be applied to the sams se�:r�Ly[his Securiry Iastrt�a*.R'�or n o t t t e�a u u s a r e t h e n d n e.
<br /> � . If the PropenY is aba^dasned by Bozrc�wer.ot if,after codce by Lender to Barrower that the condemnor offeis w make an ' �A.;;-_
<br /> awatd or settle a ciaim for da�uages,Borrower faila to respor,d to L�et�7thin 3d days afterof the Property or to Ithe�sums • �T.�.
<br /> " ., d..ender is autltorized w colle�a�appty the proceeds.at its optinn,e��to 3�zation or repair �--,
<br /> • ' � secated 9y this SeeUrity Insmun�°t,ahetlter or not t�en da� F"�-�,:
<br /> � ii`.'2ss T�aed Hoaower otherwise agree in wri:ing„ �r r�ation of pmceeds tu principal
<br /> shFill act extend or e`�'�'°.
<br /> � � poscpo�.t�a�::...�of the manthlY PaYmepts ref�r3ed to in�*sgrap�and 2 or change the amoum of such payicents- �":�'
<br /> i!.Bor��.►`.�iot 8et2ased+FarbesraIICe°'I��'N°t a Wa:emr:Extension of�he time for paymeQt or mndification �_`4;_.
<br /> rbesra �
<br /> of amo�t���c��ine sums securzd by this SecuzitY tr�,i,�at graatea by s�ender to any successor in inierest of Borrow�r shall �_
<br /> gra t
<br /> � not o�..�to i�tease the tiabiliiy of the original Borrawer�r Barrower's saccessois in interest.Ixnder shall not be r�:s�m�d to �;.
<br /> �mmrrn p�o c e e d i ngs against any successnr in interest or refuse w exter►d time for payment or othetwise modify aa�a�n� �.--..:
<br /> �" of the sums seeured by ttris Secunty tnstrament by reason of any demaBd made by the original Bornower or I�+rrac�s �-
<br /> successors in�nterest.Any forbearance by Lender in exercising auy right or remcdy shail nnt be a waiver of or pred�.�. _
<br /> exercise of any right or remedy. ��Ve� � �epts oP this ' �
<br /> ` lZ.S�cce�o�s and Asslgns Bouud;doint end Severa! Y.I�611ity, Co�sfgae�s• _--�
<br /> Y.
<br /> Secuti�r Iastniment shall 8ind and bene8t the snccessors a�A assigns of I..ender and Borrower, subjeci ta the pmvisions o€ ---
<br /> P�'� 17.Barrower's oovenants and agreement� shall 6e joint and several. Any Borrower who co-signs Wis S�urity . ���..
<br /> ' � Ins�t�at does noi exewte the Note:fa)is co-signing tius Securiry Insuument only to mortgage,grant and canvey that• �m
<br /> .. Eorro��s F.s..^�;n the Property uader the terms of this Secarlty Insaument.(b)is not peisonally obbgated to pay the sums �
<br /> ��,�y-.;Se�,-uricy Insunment;and(c)agees that I.ender aicd any or�er Boirower may agret to extend,modify,forbear or _
<br /> maYe�...'�g 2ccomuiodadons witb regard to the tesms of tbi.g Ser,uricy Insen�nR�or the Plote without that Bmzower's eonsen� • �
<br /> � t,a':�.I�csan C6azges.If the laan secure�l by tbis SecuritS+Tnsmiment is�suh,jed to a Iaw w3uch sets 3na�dmum ioan char�es, . �V_,
<br /> � ' a�i�p.��9sw is finally interpreted so tl�a4 the interest or ot�xc loan charg�coltecie�ar to be collecxed in canBa.'tiat�wit6 t�e
<br /> l�a�;is�d the pesmitted limits,then:(a)ar►Y sucD loan�arge siizll be resln�d by 2�e amouat neoessar�to r�€uoe u�he charge _ -_
<br /> to c:r:"�rmitted li�ait;�d(b3 anY sums sUeady oolteeced�om►Baaoaar evhich exe�aded pertvtted limns will.�.Te?f a�d�W —.
<br /> � ��rower. �.ender may choose to make this refund by red`aciFr the gr�,.^ipa! owed under the N�at�•�x.,bi'.mekinR' . --
<br /> payment to Borrower. If a r�fund reduces principal. the feducaun wIt! be treate� as a pardaf �epay�tma titnthom�any � ���_
<br /> • p�.�--,..�at charge under the Note.
<br /> ?��t Notltcq.Any notic�to Boaower provided for in t�is�c ty Instrument s1�ai1 Be given by deliv�rtng;Y o.'r+b'y maiting
<br /> . � it by n�st class cnaiI uniess appiicable law requires use of ancr�er m��cod.The nodce shai!be directed to thz Prup'el�Y.Address
<br /> or aay ather�!y^•ess Borrower designates by nodce to Lcnder. Any narice ta Lender sball be given by firSs:alils�mai}ta �. .'
<br /> - - t�der's ss3dmss�:,^�te4 herein or arry other address Lender des�gtmtrs't�stottce to Bonower.Any natice pravidet2 fdr in tlus ` .
<br /> ' �� ; Security Tnstrument shall be deemed to have been given to Sonower or L�ender w�en given as piovidea in this para�F�+,
<br /> •�� 15.G�vern�1.sw; Secerabiltty. T6is Socurity Insuument sL??t�be govemed bg foderal. 1aw and the !aw of the �j,:'.�
<br /> � . jnrisdictioa in which the Ptopeny�s lnpted.1n the e�e�d�ac any provision or c�vse of this S�atrity Inst�ument oi the Note
<br /> • c�nfiicts wish epplicabte taw,such coaflict ahail not affect.a►��provisions of this Secn�itY InstramcIIt or tiis No:e�L'�ch can�be ��._
<br /> • nf PP �
<br /> � given effec¢withont the coaflicdn�proa►ision. To this�n�cha'pmvisions af t�iis Securitq Insnument and�the Not��e dectared �;,
<br /> _ to be sevorable. � �
<br /> ' 16.Borcower's Copy.Borrower shall Oe��s�:n one conformed copy of the Note as�of this SecuritY�nstr�ment.
<br /> � ;?.Ta�nsYer ot the Yroperiy or a Bene4i�1 Interest ia Borr�We�'.If all or any part of the Prnperty or any irit�rest in it � � .
<br /> er t
<br /> � is sold or uansferred(or if a benefuial interest in Borrower is sold or uam�ferred and Borrower is not a natural�C�:sa*a)without
<br /> � L�easder's prior written consenb 1.ender may, at its opti4rn, re.�uire immediate payment in full of all su�ns se�ar�!by tUis _
<br /> ���. • Security inatrament.However.this opdon shall not be exercised by Lender if exercise is pmhibited by federal law,us�a#the da4e .
<br /> � ` of th'ss Sec,vrity Ins4nunent. - -
<br /> • ' �f Lender exercises this option,Y.endet shall give BorroweT notice of acaletation.'Phe nouce shall pmvide a periad o�a.�c ..
<br /> ' less chun 30 days from the date the notice is delivered or mailed within whicL Borrower must pay ail sums s���+.Lt�,i�
<br /> �i:a�,r�ity insmunern.If Borrower fails to pay these sums prlor to the expiratioa of thLg period.Lender may invo�:a�?:.:t�^'.i:-�:� . ,
<br /> , . ��itteA by tlus Security Instniment without further notice or demand on Borrower.
<br /> ' 18. Bort+uwej's Rlght tn Reinstate: kf Borrower meets certain candiaons. Borrower sh311 have the right to have
<br /> � enforcement of a�*.ia Security Insmrment d�r�:minued at any time prior to the earlier of: (a)5 d3ys (or such other periad�s �
<br /> � applicable law�1 specify for reinstatec:r����before sale of the Property purs�ant to any power of sate cantained in s�is - -
<br /> Security Insttu��:t;or(b)entry of a jndgmrnt enforcing this Security�wmeni.Those wndttions an that Borrower:(a)PaYe. _..-
<br /> � Lender alE sums ahich tlun K�w�t he due uadar tltis Stcurity InstcumenE ud tlse Not�as if no xcelexation ha�,qocusred;(b) `.__
<br /> . a s all ex nses iac�..:::eci in enforeing this SecL:'+9���'"�stramenl.
<br /> cuces any default�af�y oLnrt a��renants or a�reements: (c)paY Pe
<br /> �` irtciading. 6ut+s���Sunited to. reasonable atmracys' faes;and(d)takes�:.sb acaion as Lendec may reasonably ca�i.re to ass�uc —
<br /> �� that the lier�cf��hvi�3 Security tnsnument.Lender's rights in tBe Pro��:ms1 Borrower's obli�ation tv pay the�r^s secured bY --
<br /> �h this 5ea�rity lnstmment ac�d the —
<br /> �. ;��"� tbis Se��rity 5s:�trut�tEnt shall continue unchanged. Upon reinstat,:�^rer9� by Boaower,
<br /> . abligadops secured hereby shall remain fuliy effective as if na acoeietcsioa had occurred•However,this nght trs reinstste shal!
<br />�� �• not apply in the case of acceleration under paragraph 17.
<br /> � 19. Sale of Note; Chat+ge of Loan Servtcer• 'xtu=Note or a partial interest in the Note!togetiier�.�'h t1�is Secarity
<br /> n c
<br /> �� • Inswment)may be sold one or more dimes without prior nodce to Batrower.A sale may result in a c?�arsge in the enrity([cnown
<br /> ,,;.�;�( as the"Loan Servicer")that collecu monthly payments due under the Note and this Security insm�n:ic�n:.7'here also may be one
<br /> �.. . "�r� or more cha�7ges af the Loan Servicer unrelated to a sate of tke Note.If t?nere is a change of the L��.��vicer.Borrower witl be �
<br /> • � �ivea written notice of the change in accordance wlth parnP,rePh 14 above and applicat�le law.The imcice will state the name and � �.___
<br /> � address of the nev�I.oan Servicer and the address to which payrn°.nts should be made. 14ie notice wi11 alw contair�any other �._:
<br /> ` informadon required by applieable law.
<br /> Z0. Hazardous Su6stance9• Borrower shall not cause or permit the presencc. use, disposal, storage. nr release of any �.
<br /> ' HaTaMous Substances on or in the Property. Borrower shall not do, aor allow anyone else to do, anything affecting the -_
<br /> Properiy th2t is in viotation of any Environmental law. 'IY�e preceding two sentences shall not apply to the piesence,use.or ...__.
<br /> storage on the�roperty of siewSi yuan=ities af 3Sarardcws S�sb�ssnres t!�'-ar'�?�'ernlly re«�pdzed to be appropriate to normal �:.:- -
<br /> , residential uses and to maintenance of the Property.
<br /> � . � 7ago 3 ot 4 FORi1 SOYB 9180 � '�
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