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<br /> substantially cti��ivaler�t nx+ttgage iiuur;u�:c ci��'croge is�x�t a�•allablc.&�rr��w•er sl�ll�ay co l.e�xler e:►ch nx�nth a sum �;yuai to _
<br /> une-tu•elith of the}�early mort�age i��.wru�c�pn.miuei�hr�n P���1i�e irese�e n��liou c�f�ux►rtBageV iri�.a:r.ux�c�l.os�rcs�eirve
<br /> be in efFect.Ix�der will:kctpt, use:uxi rcwln tt�e P�1
<br /> �}n�ents tniy �x�Iongrr t�r�uira-t,at�he c�ption ai l�t��der, iF uw�i���i�uurane.n��'er�e(in the amcKmt s►nd f�r tht peri�xl
<br /> .th:u l.eixler rcyuirrsl pr.�vid:�.l by au�it�.:urtr a�pnn-�i hy l.erxitr again t+ec.�mes a�•zil�ble a�xl is�t+tzined.Bc�rn�wcr.Iwll pay
<br /> �he premiunu required tu rnai�uain uwctgagr iiuw��ir.ci'f:.t, ar;u provide a los�r.cn'c,until�he trqui�uent fur i►w�t`:►ga _
<br /> i�uu,.,i:,c c��3:in�::c�r�.:-'^=�'H'ish 3n;wri��en A�rennent betweci�Burroa�cr and l.er�der or applicable law. �� ti. e vw �
<br /> 9. 1ntip�.tiKlau. Lend�r or its a�ent may n�e rcaac�nablr c�urics u�n atxi in.�pectiau oi ii�c F�c�p�.:.y. .•.r•�:r•.:....11 =_
<br /> Borrou•er rtcui��t the time of ar prior to an insQecticui specifjring rcau�nable c�use for th:inspc�etiou.
<br /> 10. Caxleninat(oti. 'fhe pmeceds uf any award�zr claim for �.vnages, direct or cunsequential. in conruxtion with any �
<br /> co�xlrnuti•rtion ar othrr taking of an�p:ut of the�tp�Cny,or far cuuveyence in licu uF condearu�atlQn•�re hcreby assi�nccl�nd =
<br /> stwU be paid ta l.e�xler.
<br /> !n tt�.e event c►f a tots�l taling of the Propecty.the proceeds�ha11 t+e apFlied t�e sums s ured by thi��n wttich the fair � —
<br /> whether ar not then duc. with any excess paid tu Barmw•er. Gz the event of a i;it ta.:in of thc Pm�•n}� _.
<br /> tnatket value af the Propetty immodiately bcfore the tal:ing is equal to a�greater thun the amourt af the sums securc;cf by this� '
<br /> Sccurity In.urument immediately bcforc the t�king,unlccs Borrower and l.ender otherwiu agree in writing.the swns secured by
<br /> this Security Instcument sl�ull be reduced by the amaunt af the proceeds multiplied by the following fraction: (a) ehe tolal'�
<br /> amount of thc sums secured inunodiately before the takiflg. divided by (b)the fair n�arket value of the PropereW�m�����T�
<br /> before the taking. Any b�laiue shall be paid to Borrower. In the event of a partial taking of the Prope y
<br /> market valuc af thc Prop:.rty imnwdiately bEfare the t�lci�g is less thun the amount of the sums secured icnmediately before the
<br /> taking, unless Eorrow•er mtd l.ender othcrwise agre�i�i witi�g or unl�ss�gplicable!�w r►thenwise Qrovitles,thc Droc�s shall
<br /> be:tippliod to the sums secured by this Security Inctrumen:whether or not t�e sums are ttsen due.
<br /> If thP Property is abandoned bY Barrower,or if,after r�otice by Lender to Borrower that the mredemnor offers co mlke an
<br /> award or settle a claim for damages. Borrower fails to cespond ta Lenc[:r within 30 days after th; date the. noiice is given.
<br /> I,ender is wthoriud to collect and apply ehe Procceds,at its option.eith.r c�r°.seors;:an or repair of the Property ar to the sui:�s
<br /> securecl by this Securiry Instrument,whether er not che��due.
<br /> *Jnless Lender and Borsow•er othenvise agree in writu,�, any application of prc+ceeds to principal shall txK extu�d or
<br /> postRone the due date of the monthly paymentc mferrad to irt�x�-.�agraphs 1 and 2 or c�nge the amount of such payments.
<br /> 11.Borrov►er Nat Rdeased+Forbwr�°a By Y'nx1e�:�'°t s�w�v�''Eztension of the time for payment or modificzttion
<br /> of amortization of the sums secured by this Securiry Instrument granted bY Le�r to any succeswr in interest of Borrower shall
<br /> n��..�t�r�rele�ce the liability of the original Borrower or BonowePs successors in interest. L.ender shall not be required to
<br /> conunence proceedings a►gainst any suc�cessor in interest or miuse to extend iime iur E,ay��Knt:,:at��:�:ir°.m�if;s�^rti�ation
<br /> of the sums secured by Qus Security I�uuument by reasv�n of any den�.v�d made by the ori$inal Bosrower or Borrov��er's
<br /> succassors in interest. Any farbearance by Lencler iu exercisin8 anY nght or remaly sha11 not be a waiver of or proclude the
<br /> exercise of any right or reme6y. The covena►�cs and agran�u of this
<br /> 12. Succasors and Assi�ns Bouad+Joint swd Severtil LiabiliC�: Co-signcrs.
<br /> Security Iactrument shall bind and benefit the sucxessors and ass�Sns �C Lend�r and B°nower, si:bjcct to the provisions of
<br /> paragraph 17. Borrower's ca�enanu and agreements shal� be lo�� an� several. Any Borrower who co-signs this Securiry
<br /> lnstniment but does not execste tt►e Note: (a) is ca-signing this Securiry Inctrumeat aaly to mortgage, grmt and convey that
<br /> Borrower's inierest in the Propeny under the tertns of this Securit,y InstTUment: (b)is ax persotwlly obl�gated to pay the sums
<br /> secured by this Security lnstrumenr and(c)agrees chat I.ender and any ather Borrower may agree to eztend, modify. forbear ar
<br /> make any accammodztioas with regard to the tenns of this Security Instrutnent or the Note without tt�at Borrower's consent.
<br /> l3. Loan Ct�arges.lf the loan secured by this Socurity Instrument is subject to a law which s�ts maximum loan charges.
<br /> u�that law is finally interpretod so that the interese or other loan chuges collected or to be col:ecte� in connection with the
<br /> losa excxed the pemutted lirtuu,titien: (a)any such loan charge shall be ratur.ed by the atrsount necessary to redcu�e the eharge
<br /> to the pem►itted limit: aid(b)�nY sumc alr�ady collected from Borrower which exa.�Sed permitted limiw will be a+efundod w
<br /> �.n.�, r mirr mav_chooce to m�ke this rcfund by reducing the principa{ owed tu�der the l�a�tz or by tnaking a direct
<br /> - • • WC rduucxion w�Ii oc i.rx�o+ ai a Y.:.:�Y..:�.;.;....-�-.�.�"'-!�i'-'c an�.
<br /> PaYa�e.-�t ta Bar*c�:r. If a refutd reduoes pnnc�pal. .
<br /> pr:,payment chargt under the Note.
<br /> 14.Notkes.Any notice co Borrower provided for in this Securiry Inccrucn�m si�all be S�ven by deiivering it or by mailinS
<br /> it by 6rst ciacs mail unless applicable law requires u�e of another method.The notice sha11 be directed to the Property AddreSs
<br /> oi�nY ott�er addr'ess ��"�ru designatts by notice to Ixnder. Any notice to l�ender sl�all be giv�n by fint c1a5s mail to
<br /> I,ender's�ddress st�tod heroin or any other address L,ender design�tas by notice to Borrower. MY aotia providod for in this
<br /> Security Iaswrtxnt sha11 be deemed to have been givea to Borrowu ar Lender when givea u provided in this paragraph.
<br /> 15.Goverdag Law; Seva'abilit3'. This Sceurity instrumenc shall be governed by federif law rind the law of the
<br /> jurisdiction cn which the Pc�operty�s locatod. In the eveat tlsat�ny provision or dause of this Secunry Instrument or the Note
<br /> c�mt�icts wit}n applicable l�w,such oonflict st�all not�ffecs ether provtsions of this Security Instrument or the Nate which can be
<br /> givea effect w�ithout the oouflic�vS Provisioa,To this�t�e provisions of this Security Instnunent u�d the hcxe an doclarod
<br /> ���v��. , of ttu Nota and of this Security Inttrument.
<br /> � 16.Barovier e Cq?Y.��TOwer shall9�e given one confosmed copY or any iiuerest in ic
<br /> i7.i r�ucte+ot.;2 i'ri...^^�.-;ss's��!!''sa!Tnterest in Borrowec.If all or any pa�t of the PropertY
<br /> is so1Q or transferrod(or if a benefici�l interest in Borrower is sold or trarsferral s�nd Borrower is not a naturai person)wiuKx►�
<br /> Leader's prior wriuen consent. 1-ender may, at its option. reqvire invnediate paYment in full of all sums secural by this
<br /> Security Instiurnent.However.this option shall not be exucised BY l�ender�f eacerc�se�s pinhibitod by foderal law as of the due
<br /> of this Sxtuity lusttuux.nt•
<br /> If Leader exercises this option, Lender shall give Botrower ratice of aoaleration.The notia�11 provide a periad of not
<br /> l� �3p days from�he due the notice is d�liverad or mtiled within which Borrower trwsc�} a11 sumc secured by lhis
<br /> Security Insttument.If Borrower fails to pay these sums prior to the expiraiion of this period,l.encfer may.invoke any temedies
<br /> , permiitai by this Security Incwment without further notice or domu�d on Botrowez.
<br /> 1$. Borrower's Right to Re�tate. If Borrowu m�oets arttin cor►ditions, Borrower sh�ll have the right to have
<br /> enforcement of this Securiry Inctrument disc:ontinaod at any time prior t� the earlier of: (a) 5 d�ys (or such other period as
<br /> = apglicable la�Y my ��ecify for re:^•�• —1) before s�le of the Prc�xrty porsuaiN to utiy pow�cr of sale contained in this
<br /> Security Insttuatient:or(b)entry of a judgau�t enforcing this Security insuvment.Ti�ose conditior�are that Borrower.(a)pnys
<br /> i.ende.z�11 sum�which then would be due a�nder this Sxurity Inwument and the Note as if no acaleruion had occnmed: (b)
<br /> = cures tiiy clef�tt of amy otis�rnvena^.0 or aa eemcat�, (c) paYs all exptnses incurr�d in enforcing this Securiry Instrument.
<br /> = including. but not limited to.reasonzble attomeys'fees:anv(a)takes suc��ciior►„�L.°s=d;r may reas�nably re���in t�acwce
<br /> t}�at the lien of this Security inctrument.Lendcr's righ�s in the Property and Bot*ower's obligation to p�y the sums secured by
<br /> this Security Instrument st�ll contic►ue unchangod. Upon reinstatement by Borrower. this Security Instrument and :he
<br /> obligationS seeured hereby shall remain fully effective as if no acceleration i�ad occuned.Howe�:er,this right to reinstate shall
<br /> not�pp1y in the cace of xceleration under paragraph 17-
<br /> 19. Sale of Note;Chao�e ot Loan Servicer• 'I7�e Note or a partial interest in the Note (together with this Security
<br /> Instrument)may t+e so3d one or more times withw�t prior notice to BorrQwer.A sale may result in a change in the entity(known .
<br /> as the 'Loan Servicer")that eollects monthlY paYments due undec the Note and this Security Instrument.There also mry be one �
<br />— or more changes of the l.oan Servicer unrelated to a sale of the Note.If there is a change of the l.oan Servicer.Borr�ower will be
<br /> givtn written notice of the change in xcordance with paragraph 14 above and applicable law. The notice will state tlie nan�e and ��`'
<br /> -- address of the new i.oui Servicer and u'�address to which payrnerus shcwtd be made. The nfltice wiU also rnntain any other
<br /> information required by�pplicable law.
<br /> �. �_� �, gonawer sha1�not cause or permit the presence. use, disposal, storage. or release of any
<br /> — Hizardous Substai�ces on or in �he Property. f3orrower shall not do, nor allow anyone else to do, anything affocting the
<br />— Ptoperty tF�t is in viol�tion of any Environmenta] Law. The precaling two sentences stt�ll not apply to the presenoe. use. or
<br /> -' storage on the Propcsry of small quantities of Nazardous Substzncea that aze gPnet�lly rerognized to be appropriate to nom�al
<br />. r��a�ial uses and to maintenance of the Property.
<br /> ;-� Vp�3 014 FaR1��$ ��
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