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<br /> hubst�uui;�lly�cyuiv�lent nxmg:►�c insur,uuc c.���crugr i�ix�i a�ailablr, &�rn�w�cr:ball Fwy t��l.rixie:c:►rh nx�nth a�wn ryual ta
<br /> uix-twetfth uf tt►e ye:uly a�ngag:i�uur:ukc prcmium tkin�;paid by B�xr��w�cr w•tun thc inwr�ixc cu�rrr�c lap.��1 ur cc:►aaf cu
<br /> � t+c iu cf'frct. l.eiwler will •rrrept. uw:uxl r�t;�in tt►ek�;►}��ikilis a,•a losc r�sen�e in lieu nf nw+rt�a�;e in�urrn:.. l.i,�� reKrti•e
<br />: � �+aYttxnt, n�ay ix�Irngcr Ne rcyu�rt�i.s�t the��+ii�at i+f I�eixkr, iF nN�rtgaye incurarxe�v��cr.�g,lin Nx aiiwu►ni aixt fi,r Ihc��cri�xl
<br /> � thut Leixler rcyuire.)prc.vide.l hy an in�urer a�r���e�l hy IAixtcr again her��nxs av�ilahtc;uxi i��,ht�inc�f. [3�,rr�►wrr�hall�y
<br /> thc prcmium�� rcauir��t��n�aintain m.�rtgagc insuran.c in cftxt,ar ti�pro��id�a locc r.Kn•r,until ehc rcyuircnxnt ti�r nu�ctr�c
<br /> iiuur.ui�ti eixl�iii uccurJance w•ich any written agr�.^n�;nt b:tuein&�rrouer•r�u1 LenJer or applirahle law.
<br /> 9. Itupection. Ixtuier or its agcnt nuy makc r.:w�nal+le cntrics up�m :uul inspectiuns i�f'thr Nruperty. l��ukr stull�ivc
<br /> Burrou•er notice at Ihe time of«r p�iur t.i an inspeccion specifyinr rcaconahlc cause for thc in�pcYtiun. �
<br /> =� 10. Cwtideuttwttott. Thc pnk�xd. of any uwarJ ur cl:um f�,r du�ugc�,dir��t ur �an�c�ucnti;il, in ru��ncctiun w�ith any Q _
<br /> cotuicmn�tion ar othcr talinp of any p�rt oi thc Pcopert��, or for com�..}�anc., in li;.v of cwuk;uuutiwi,:u�hcr�by ussiln�i:uxl w
<br /> =a atuu!be naict to i.eader. ` -
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<br /> In the e�•�nt uf a tawl tal:ing of the Property,the pmceedti shall tk applied to the sun�.ti secur�til by thi�Security In�trunknt,�
<br /> whed�er or not then due, with any exces�paid to F�rrc�w•cr. [n tlk evcat of a partial t:�king uf ttk Prupeny in �hich. thc Pair�
<br />_ market value of thc Property imnudiatc{y befiire the taking is equal tu or g�•�atcr than the anuwnt of the sumti�ccured by this
<br /> Securiry Instrument inu�tiediately befam thc�taking, unlecc&�rrower and Lender otherwise agree in wri�ing, ttu cun�.�wcur�xl hy -
<br /> this Security lnstrument shall be reduced by the amou�t of the proceeds multiplied by the folloa•ing 1'raction: (al Ihe total
<br /> Amount of the sunu secured inunediately before thc tal:ing, di��idal by(b) thc fair markct valuc of th: Prapeny immediately
<br /> before the taking. Any balance shal! be paid to Borrower. In the event of a partial taking of the Properiy in whi,h the fair
<br /> n�arket value of the Property inuiu�iiately before the tai:ing is less tlm�the amount of the sums secured immcdiately befare the
<br /> taking, unles�Borrower and l.ender otherwise agree in writing or untess applicable law otherwise pcovides. the procoeds shall
<br /> be applied to the sums secured by this Securiry instrun�ent whether or not the sums are then due.
<br /> � IF the Propeny is abandoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to malcc an
<br /> award or scttle u claim for damages, Borrower fails to respond to L.cnder within 30 days aRer the date the natice is given,
<br />;� Lender is autharized to collect mul apply the proceads,at its option,either to restoration or repair of the Properly ar to the sunu ,
<br /> secured by this Su:urity Instrumcnt,whcthcr or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing, any application of procecds ta principal shall not extend or
<br /> postpone the due date of che monthly payments referned to inparagraphs I and 2 or change the anwunt of such payments.
<br /> 11. Borrower I�ot Released;Forbearance By Lender Not a 1Vaiver. Extension of the time fur payment or modification
<br /> of uruirti7�iion of the xumc secured b}�this Securit� inctrument granted hy l.erxter tn any wcce.cenr in intere.et of Bonower shall
<br />-� nat operate ta rclease the liability of the original Borrow•er or BorroWer's successors in interest. Lender shall not be required to
<br /> - commence proceedings against any successor in interest or refuse to extend time for payment or oiherwise modify am�rtization
<br />_� of the sums secured b� this Security Inurument by reason of any demu�d made by the original Borrower or Borrower's
<br /> — successors in interest. A�y forbearance by Lender i�exercising any right or remedy shull not be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> _ 12. Snccessors ��d Assigns Bound;Joint and Several Liability; Casigners. The cavenants and agreements of t,tiis
<br />.� Security Instrument shall bind and benefit the successors and as�:�ns of Lender and Borrower, subject to the provisions of
<br /> - pazagraph 17. Borrower's covenants aiu9 agreements shall be jeint and several. Any Borrower who co-cigns this Security
<br /> Inctrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that
<br />-� �3orrower's interest in the Propeny under the temu of this Security Instrument;(b) is not personally obligated to pay the sums
<br />-. secured by this Security Instrument;and(c)agmes that Lender ac�any other Borrower may agree to extend.modify,forbear or
<br />�� make any aocommodations with regac�d to the terms of this Securit,•instrument or the Note without that Borrower's eonsent.
<br /> 13. Iaw Clu►rges. If the loan securcd by this Security Instn:a�ent is subject to a law which sets rnaximum loan charges,
<br />— and that law is finally interpreted so that the interest or other loan charges collected or to be coltected in wnr�ection with the
<br /> loan excced the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> to the perinitted limit;and (b)any svms already collected from Borrower whic!�exceeded permitted limiu will be refunded to
<br /> Borrower. Lencler may choose to make this refund by reducing the principal owed under the ]\oie or by m:.lcing a direct
<br /> _ paymtnt to I3onower. If a refund raduces principal, the recGiction will be treatecl zs a partial prepayment without any
<br /> J prepayme�t charge ur�dcr the Note.
<br />= 14.Natices.Any notice to Borrower providod for in this Secnrity Insuument shall be given by delivering it or by mailing
<br /> it by first class mail unless applicable law requires e:se of another method.The notire shall be directed to the Properry Address
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lender shttll be given by fint cla�.c mail to '
<br /> Lender's addtess st�ted herein or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> Security Instrument shall be deemed to have been given to Bortower or Lender when given as�rovidad in this paragraph.
<br /> 15.Governing l.aw; Severability. This Security Instrument si�ll be govemed by federal law and the law of the
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of ihis Security Instrument or the Note
<br />— conflicts with applicable law,such conflict shall not affect other provisions of this Security Inctrument or the Note which can be
<br /> given effect witiwut the conflicting provision. To this end the provisions of this Sewrity Instrument aad the Note are dxlared
<br /> to be severable.
<br />_ 16.Borrower's Copy.Borrower shall be given one conformed copy of the Nc�te and of this Security Inctrument.
<br /> 17.Transfer of the Praperty or a Beneficial Iaterest in Borrower.If all or any part of the Property or any interesti in it
<br /> is sold or transfernd(or if a beneficial interest in Boaower is sold or transfened artd Botrower is not a natural person)without
<br /> Lender's prior written consent, Lender may, at its option. requit� immediate payment in full of a11 sums seeured by this
<br />= Security Instrument. However.this aptian sltiall not be exercised by Lender if ezerc�se is prohibited by federsil law as of the date
<br />:_ of this Security Instrument.
<br /> If Lender eaercises this option. F,ender shall give Borrower notice of acceleration. The notice shall provide a period of nos
<br />— less thui 30 days from the date the notice is delivered or mailed within which }3orrower must pay all sums secured by this
<br />— Security Intrument. If Borrower fails to pay these swnc prior to the expiration of this period, Lender may invoke any remedies
<br />= permitted by this Securit�Instrument without further notice or demand on Borrower.
<br />_ 18. Borrower's Right to Reinstate. Tf Borrower meets certain conditions, Bonower shall have the right to have
<br />;= enforcement of this Secvrity Instrument discontinued at any time prior ro the earliet of: (a) 5 days (or such other period as
<br />= appticabte taw may specify for reinstatement) before sale of the Property pursuant to any power of sale c:ontained in this
<br />-= Security Inatrument;or(b)entry of a judgment enfarcing this Security Instrument. Those conditions are that Borrower:(a)pays
<br />" Lender�l➢ sums which then would be due under this Securiry Instrument and the Note as if no acceleration had occurred;(b)
<br />� cures ar.� default of anv other covcnants or agrecments; (c)pays all expenses incurred in enforcin�th;s Security Tnctn�ment, =
<br />� indu8ing,but not limite�to,reasonable attorne}•s` fees: and(d)takes such action as Lender may reaconzbTy require to assure -
<br /> = that the lien of this Security instrument, Lender's rights in the Property and Bonower's obligation to pay the sums secured by
<br /> this Securiry Instrument shall continue unchanged. Upon reiuutatement by Borrower, this Security Instrument and the
<br />,.;� obligations secure�hereby shall remain fully etfective ac if no acceleration had occunod.However,this right to reinstate shall -
<br />= noi appiy in the case of acceleration under paragraph 17. =
<br /> 19. Sa1e of Aiote; Change of Loan Servicer. The Note or a partial interest in the Note (together with this Security °
<br /> � Tnstrument)may be sold one or more times without prior notice to Be�rrower. A sale may result in a change in the entity(lcnown =
<br /> as the"L,oaa Servicer")that collects monthly payments due under the Note and this Security Instrument. There also n�ay be one
<br /> or more cisanges of th.,I.oan Servicer unrelated to a sa�e of the Note. If there is a change of the Loan Servicer,Borrower will be • =.
<br /> given written notice of the change in accordance with paragraph 14 above anci applieable law.The notice will state the name and `-
<br /> address of the new Loan Servicer and the address to which payments should be made. The notice will also contain any other -
<br /> information required by applicable law. �
<br /> 20. Iiy�ardotis SuUstauces.Bonower shall not cause or pem�it the presence. use, disposal, storage, or release of any =
<br /> Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the `
<br /> Property that is in violation of any Environmental Law. The precaling two sentences shall not apply to the presence, use, or -
<br /> storage on the Property of small quantities of Hazardous Substances that are gcnerally recognized to be appropriate to normal
<br /> residential uses and to maintenance of the Property. -
<br /> a.y.a oi s Fam 3028 9190
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