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<br />' subst�atially eqoiealent mortgage inswance ooyerage is nnt available.Barmwer shal!pay co Lender each month s sum equa!to
<br /> � on�-twelM af the yea'rly mortgage utsutarice preminm bei�b°pdd by �orrower�vhen tiie msurance covera�e lapsed or ceased ts �..-
<br /> be in eE�eet.Lendes wi}I accept.use End�tain these paymenu as a loss reserve in lien of martga�e insuranse. Loss reserve
<br /> payments�ay no tanger be req�ured.at tlt�oprion of Lender,if morega,e insurance coverage(in the emannt and for the period �..
<br /> that Lender cequires)Pmvid�d by an inssuer appsoved by Lertder�in becoaces availabl�and is o'htained.Borrawer sha11 pay �
<br /> __ ths premiums r�c{uired to main�in m�rtgage insurance in effecx.or to pmvide a loss reserve.u�nil the requi�ement for mortga;e� �-
<br /> ' insusance ends in accordanoe with�ny writtea agreement between Borcower ansi Lend�r ar appfira�t�taw. —
<br /> 9.Ittspee2to�.Lender or its agent may make reason�ble entries upon aad inspoctions of[he P:operty.L�euder shall give �
<br /> . Boprower aotice at th�time af or yrior to an inspeetion specifying reasona6le cause for the i►�spection.
<br /> 10.Cand:m�tinn.The proceeds of any award or claim for damages. direct or consequential, in eonaection witPe any� ��
<br /> ' condeannation or other taking of any part of the Property.or far conveyance in lien of condemnndon,are herei�y nssigned aa� �=_
<br /> shalt he paid to Lender. . �.�k-
<br />�.,, In the event of a m4al taicing of the Property,the proceeds shall be appli�ro the sums secured by this Security Instrument, �_,
<br /> � wheitter ar nat tte�a due. ��ists any e.ecess paid to BotTOwer. In ttise event of a partial raking of the Property in which the fai _
<br /> market value of the Property imme�liately before the talang is equal to or greater than the amount of the sums serured by th' __
<br /> , Security Instrument immediatety befon the ta�ng.unless Borrower aad I.ender otherwise agree in writing,the sums secured b
<br /> this Security Instivment shall be reduced by ths amount of the procceds muluplied by the follarving fiaction: (a)tne wtal �'_
<br /> amount of the sums secuted immediately befare the taldng,divided by(b)the fair market valne of the Property immediately ��
<br /> before the taking_ Any balance shall be paid to Borrower. In ehe eveat of a partial tatang of tt.e Property in which the fair =
<br /> .. market value of the Property immediaiely before the taking is less than tfle amount of the sums secured immediately before the �
<br /> taking.untess Borrower flnd Lender ott�rvt�se agree in wriung or�.less applicable law otherwise provides,the pinceeds shatl �
<br /> �,r�:� be applied to the sums sec�l by this�ity Insnument vrh�az�ot We sums are then duc. _
<br /> _• If the propsrty is abandoned 6y Ba.*rower,or i��tsr no��by��c t�Borrower th�t t�coademnor offers to c��a�
<br /> ` award or setde a cla�m for damages.Boaower f�s�i respord ta �-�er s�ilir�30 days after the dase[�.enrice is�c�. �.
<br /> i Lender is avthor�to colt�ci and aPP�3+�e proce�s,a't a�s opufl�,�z to�:�on o;r�Qair of the��ur to the sams �',°.
<br /> � secvr�d by tius 9ecurity InsWment,whexher or nut mt�n��e. .i�-
<br /> - Unless T.ender and.Borrower otherwise agree in writing, aasr app'.i��'af proc�a�s av P*mci�1 s�a`1 nct ext�d es �_
<br /> ,, posqwne the due date of the mamhly paymeats referred W in pa�- l��ur c�ange t�e am•.�t of�r��eay�m.e�ts. �
<br /> Zfl.Borrower Not lteteased;For6eara�se By LendPr Mot�uer.�..�sinn of thee�fQr p:�-�e�or mod:fi�aian
<br /> �f aawrti7atioa of the snsns secured by this Securiry Instrument gr�¢ted by i.ecz�°�t_�any successor in inr.-2e�G�t Boriower shall
<br /> rti a
<br /> ' not operate to retease the liab�ity of the original Bormwer or Borrawer's succe�wrs in intecest Lender�.`x�9 swt be nqnirecl tn ,`�+?:
<br /> • • ' �pmmence praeedings aa�aiast any successor in interest or refuse to e�tend time for payment or otherai��udiEy amorti�a6on
<br /> � of the surns secured by this Secunty Instrument by re�ason of any demand made by the origina! Borrower or Isorrower's =
<br /> � saccessors in intemest A�r forbearance by Lender in exercising any right or remedy shall nnt be a waiver of or Qreciude the =
<br /> exercise of any rig6t or�nedy
<br /> • 12.Suocessors ermrJ�As3gas Boemd:Jnini and Stveral Lisid�ility,Co-slga�s. 't4�e coveaants and agreemeats of this __—
<br /> � Security Insuvment shall biud and benefit the sucoessois and assigns of Lender and Borrower, snbject to the provisions of �.
<br /> . paragraph i7. Boriower's coveuants and ag�ments shal! be joint and several. Any Borrower whv ocrsigns th�s Security ■--
<br /> : rn�rn,rR�-�pt does not execute the Note:(a)is co-signing this Sewrity Tnstrument only to mortgage, grant and coavey Wat =_
<br />��;r:•.;; Botrow��s�laterest in ths Property under the terws of this�ecc�e�j Instnsment;(b)is noi personally abligated to pay the sums �
<br />::�;;�;,}.. securad!�y�`�is Security In�trument:and(c)agrec.s tD�at Len�2r�rn9 anY ather Borrower may agree to extend,mndify,forbear or �
<br /> make a,:��commodatians with reSard to the tetms e°�s�c.sity Instrument or the Note without that Bormwer's consent.
<br /> � � p:.iL,oan Ci�tges.If the loan secured by thrs Sa..:rity Insttument is subjecc to a law which sets maximum loan charges, {!�'�
<br /> oan
<br /> �' '� and tb�'_�.aw is finally interpreted so t6at the inten�:�r other loan charges collected or to be colleded in oonnection with the —
<br /> loan exo��the permitted liaufs.ttien: (a)any such loan charge shall 6e r�duced by the amflunt necessary to reduce the charge
<br /> i;i .�;..� to the pemutted limit;and(b)any sums already collected from Borrower which exceeded permitted timits wi116e sefuaded to
<br /> . Borrower. Lender may choose�to a�ake this refund by reducing the principal owed under ths Note or by rtsalcing a d'srect �.-
<br /> : paymeat to Bortowec. If a tefuad reduces printipal, the reducuon will be ueated as a partia! prep3y�m e�+ithont anY =
<br /> ,: �.� '• . prepayment charge under the Note.
<br /> ' 14.NotiC�. Any norice to Borrower provided for in this Security Instiument shall 6e�ven by deiivering it or by a�iling __
<br /> . .. it by first ctass mail unless applicable!aa requires tue of another tnethod.The notice shall be directed to the Pcopeny Address
<br /> - or.any othrr address Borrower d�g�ates by notice to Lender. El�+ notice to L.ender shali be given by first class mail to �
<br /> I,ender's'r�sit{ress smted herein ur amm,;��.hcr address Lender designates by notioe to Borto��er•Any notice�ravidsd for in this ;:_,
<br /> - �� Socuriry Ir,strument shall be deeme��a,3ave been g'tven to Bosower ar l.ender when given as pmvid�d 3n tivs paragruph. �
<br /> . ':. �g.�y�in� �; Se�,ets�plli3y. Thls Ser�risy Instru,ment shall be govemed by faleral law and the law of the� _-
<br /> �. jurisdict�on in which tfi�Property is located.In tLL:��ent that any provision or clause of this Secarity Insuurr�tut or the Note
<br /> - oonflicts wlth epplicabIs law.snch arnflict shall rrot a�'ect other prov�stons of this Socurity instrusnent or the Note which can be r:
<br /> _ given effeet without ttie coaflIcting pmvisioa.To tbis end the provinons of this Security Insmtment and the Note ace dectared
<br /> - to b.,sevcrable. --
<br /> � 16.Bur�rowe�s Copy.Boaower shall be gi�¢r�.aae confam�ed copy of the Note and of this Security Inspun►ent. —
<br /> 17.Tr�sfer aY the P�'operty or a Bec2efida131kr�rest in Borrower.If all os any part of the Praperty or any intPrest in it `
<br /> �' is sotd or trnnsferteQ(or if a beneficial inter�t in 1H'i_t�wer is sold or transfer:ed and Bormwer is nat a natural petson)wittwut
<br /> � ' I,ender's priur written oonsent, Lers'.,:r m�y, at�3 option, �sire immediate payment in E�ll of all sums secured by this
<br /> � • . Securi.ty lnstmmet��However.this c��n shaA nc¢Le exercised t�c Letxler if exercise is pmirt�i�d by federal law as of the date
<br /> ef this Sewdty Instnunent. � •
<br /> � � If.Lender eaereises this option,Lender shall�rue Bomowet notice of acc�e':ration.Ti2e`:�dce sha11 pmvide a period of not
<br /> �,� . � less ti:an 30 days fmm the date the notice is delivered or mailed wlthin v�flu:Pl Boaower must pay all sums securod by this
<br /> • Security Instrument.If Borrower fails to pay these sums prior to the eapiratiIICt cf this period,lznder'm�+invoke any cemedies
<br />.�_;;.;:.,„_ pear�tt::1.tsy Atis Security Instruarent without further notice os dm�nd on Eorrower. �_
<br /> . L•,`'t� �.orrower's lti�t to R�instnte. If Borrower n�.� sertain oondidons, Bcma�er shall have the right to have
<br /> ''• �•�� enforce.-';:�t of this Securiry Instnuts¢nt discontinued at any arr�� prior to the earlier of: (a)5 days (or such other period as
<br />^�i�'� ' upplicable Iaw muy specify for reinstatement) Eefore ssile c�ai� Pmperty �frlAiant to any power of sale c�ntained m¢his _.
<br /> Securiry Inswment;or�{b)entry of a judgment e��'�reing this�ecuriry Instiu,.'rs�s.+IYiose oortditions are t�,u Bsv^.ower:(a)prys
<br /> � � � Lender al!sums whic�h then woutd be due under�f�Security Insttutt�nt an3 rhe 1Vote as if no accelerFLan had oocursed:(b) • _
<br /> ';� :� cures ar.y iiaictult of any other cavenants or agaements:(c) r���a�11 eapenses insurred in enfarcing this Securiry Inshvment,
<br /> ineladir��,but not limited to.reasonabte uttomeys'fees;a�uf/rJ)�such action as Lender may reasonably require cc�assure —
<br /> � that the ien of ttus Security instrument.Lender s n �ts in tft:P't>�perty and Borrower's obligation do pay the sums securod by
<br /> � this Seeuriry instlument shall condnue uncha� Upon reinstatement by Rotmwer, this Secvnty Instrument and the
<br /> , obli�tions secured hereby shall remain fully effe�Hve as if no acceleration i�!�aed.HowevEr.this right to reinstate shall
<br /> �- not apply in the case o€acceleration urtder paragra�h 17.
<br /> '�`'� 19. ^�le of Note; Change ot Loan Servtcer. The Notc or a partial iMerest in the Note (together with this Secvrity �
<br /> • instrument)may be sold one or more times without prior notice to Borro+ver. A sal�may result in a change in the entity(known e
<br /> . as the"Loan Serviser")th�t mllects monthly payments due under the Note and this Security Insnvment.'[t�ere also may 6e one - _
<br /> or mare changes of the Loan Servicer unrclated to a sale of the Noie.If there is a change of the Loan Serviar. Borrower will be �
<br /> . . given written nnuce of the change in accordance with paragraph 14 above and applicable law.The natice wiU state the name and
<br /> . address of the new Loan Servicer and the address to which pay�ttenu should be made. 7'he notice will also conttiin any other _
<br /> � • � informarion required by applicable law.
<br /> �� 20. H�ardous 5`usstartces. Burrower shall not cause or permit the presence, use. dispvsal, storage. or release of any f
<br /> � Harardous Substances on or in the Property. $orrower shall not do, nor allow anyone else to do, anything affecting the ��
<br />. - ___ -- Property thai is in violation of any Environmental law. The pteoeding two sentences shall not apply to the precence. use, or _
<br /> . storage on the Property of small quantities of Hawrdoas Substances that are gener�iiy recagnizea to oe approprieir iv rroj�i�a1 �
<br /> residential uses and to maintenance of the Property. �-
<br />. , ' Pag!f 3 of 4 Form 3028 8f90 =—
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