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<br /> substanticilly eq�dvc�lcnt mot�gugo insurancc co�eruge is not availnble, Borro�ver shall pay to Lender cach month a sum cqual to
<br /> une-tw�if�n oi ttic y�:niy i�iui'.br�g�ir�;u�ttce�::cmium�einb ps�c!b`,'Ho►rowr_r when the insuraacc covcra�c lapsed or c.eascd to `
<br /> bc In ePfcct. l.cndcr wlll arce�t,ur.c and retain these puyments as a loss rescrve in lieu uf uwitgC+ge insurancc. I.ass resene
<br /> puynunts nu�y nn I�in�;e► h�:rci uln:+l,iu the aptinn of Lender, if mortgage insurance covcragc(in the amount nnd for the period
<br /> thnt i.�n�icr rcqulres)provi�lc��t+y un Insurcr cpproved by Lcnder again br.c.c�mcs avai�able and is obtnincd. Borrower shnll pay �:.
<br /> the prZmfumK requircd to nuih�talm m�riguge insurunee in effect,or to provide a lo�s reserve,until the reyuiren�ent for mortgabc r..
<br /> insurimce ends in►tecurdance witfi uny written i�grcement between IIarrower and L�nder or applicable law.
<br /> 9. Invpecttun� l.�nder��r its upent may make reasonable entries upon and inspections of the Properry. Lender shall �ive .—
<br /> �orrowr,��nn�iw ui ihe tinie of ur prinr t�nn iii5pcs:tion spccifying reasonable causc for the lnspection.
<br /> !0. Condcninntlon. 'fhe prcx:ccds nf uny nwurd or claim tor damnges, direct ar consequentiul, i�i cui�nectio3i wiih any
<br /> condcmnuliuu ur<ithcr ta�Cing of.iny part of tl►e Pro�erty, or for conveyar�ce in lieu of condemnation, arc hercby assigned nnd c_
<br /> snaii ioc puia�u i..cnuc�.
<br /> In ti�e evcnt of n t�tiif tnking of the Properry,the procecds shall be applied to the sums securecl by this Secttrity Instrument,
<br /> wlicther ar not then due, with iu�y excess puid to Borrower. In the event of a partial taking of the Propercy in which the fnlr
<br /> markct value of thc Propeny immedlately br,fore the tnking is equal to or greater thun the umouni of the sums securcd by this
<br /> Security Instrument Immc.�lintcly befarc the tnking,unless Borrower and I.ender otherwis�agree in writing,the sums securcd by
<br /> this Securiry Instrumcnt shiill he scducyd by thc amaunt of the proceeds multipliecl by the following fruction: (A) the total
<br /> umeunt of thc sums ge�:ured i�nmedintcly before the tnking, dividod by (b) the fair market value of the Propeny immediately
<br /> befare the taking. Any buli�ncc shall 6o p�id to Borrower. In the event of a partinl takiri� af the Property m whicl� tl►e fair
<br /> markct vnluc of thc Praperty im�ncdintcly befure thc taking Is less than the smount of the sums sccurcd im►nediutcly befo�c the
<br /> tnking, unless Rorrower nnd L.endcr othcrwisc agrce In writing or unless applicable law otherwise provides, the procee�is shull
<br /> be appltcd to the sunts tiecureel by this Sccurity Tnstrunient whether or not the sums are thcn due.
<br /> [f tl�e Pcoperty ls aband�ned by Borrower,ar if,atter notice by I.cnder to Borrower that the condemnor offers to makc an
<br /> award or settle a clnim for d�imagcs, Borcower fuils to respond to Lcnder witliin 30 days after the date the notice is given.
<br /> Lender is authorizcd ta collect nnd npply thc procceds,at its option�elther to restontton or repair of the Property or to the sums
<br /> secured by this Scti:urity l�t�t�uti�ent,whethcr ar not then due. �
<br /> Unless i.cnder and Borrawer othenvise ugree in writin�. any application of pmceeds to principal shall not extend or
<br /> postpone the due dute af thr,monthly payments refcrred to in pa�•agraphs 1 and 2 or change the amount of such payments.
<br /> 11.�orrower Nu4 Rcles�sed; Forbcarnnce Ay I.ender Not a Waiver. Extension of the time for payment or modification
<br /> of emortizatian of the sums secured by this Security Instrument granted by I.ender to any successor in interest of Eorrawer shall
<br /> not operate to release the linbllity of tha orisinnl 8orrower or Bonower's successors in interest.L.ender shall nat be required to
<br /> commence procceclings ugainst uny successor!n lnteiest or refuse to extend time for payment or otherwis0 modify amortizatian
<br /> of the sums sec:urcd by this Sccurrty instrument by rcason of nny demand made by the ariginal Borrawer or Horrower's
<br /> succx,ssors in interest. Any forb�arnnce by i.ender in excrcis►ng any right or reme.dy shull not be a walver of or preclude the
<br /> exercise of nny right or remcdy,
<br /> 12. Successorx pnd .As.9lgns Bound: Joint ur►d Severstl Llabil(ty; Cu-tsigners. The covenunts nnd ugreements of this
<br /> Security Instrument shull bind and benefit the suceessor� und nssigns of Lender and Horrower, subject to the provisions of
<br /> paragrnph i7. Borrowcr's covenants and ngreements shall be Joint and severul. Any Borrower who ca-signs this Security
<br /> Instmment but does n�t Cxecuic iiic i�Gid: ta} i;rr,-�igning shis Sr..^ur.t; Ititft��l?Pnt only to mortaage. �rant and convey that
<br /> Borrower's interest in the Propeny under the terms of this Security Instrumcnr (b)is not personally obligated to pay the sums
<br /> secured by thls Security Instrument;and(c)ngrees that Lcnder and uny other Borrower muy agree to extend.moclify,forbear or
<br /> make sny acsommodatians wlth xegard t�the terms of this Security Instrument or the Note wi'thout that Barrower's consent.
<br /> 13:I.oAn ChArges.If the loun sccured by tl�is Sceurity Instrument is subject tu a law which seta ma�cimum lonn charges,
<br /> �nd thnt!aw is Fnally interpreted so that the interest or other loan churges callected or to be collected In connectton with thc
<br /> loan exceed the permitted lim�ts.then: (a)any such lonn chargc;shull be reduced by the amount necessa.ry to reduce the charge
<br /> to the permltted limit; and (b)any sums ulr�ady collectecl from Bono�ver which exceecicd permitted limics will be refunderl to
<br /> paym ntrt Bonowery If a ef nd reduccs princ paly t ee�educt on P Ill ibe'treatcxl�as a partiul�tprepaym nt�wi hout�ny
<br /> prepa,y►nent c hazge un�er t he No tc.
<br /> 14.YVottees.Any notice to Sorrowcr pmvldcd for in thi�; Security Instrument shull be given by delivering it or by mniling
<br /> it by flrst class mail unless appticable!aw requires use of another method. The notice shnll be directed to the Property Address
<br /> or any ather address Sorrower destgnates by notice to Lender. Any notice to Lcnder shall be given by first cluss mail to
<br /> T.,ender's address statcd herein or uny other address Lender destgnates by notice to Borrower. Any notice �rovid:d for in this
<br /> Sccurity Instrument slzall be decmed to have been givcn to Horrower or i.ender when�iven as provided In thts paragraph.
<br /> 1S,Governing Law; Severnhfilty. This Security Instrumcnt shull be �overned by federnl law and the law of the
<br /> jurtsdiction in which the Pcoperty (s locttted. In the event�hat uny provision or clause of this Security Tnstrume�c or the Note
<br /> conflicts with applicablo taw,such conflict shnll nat uff�ct othee provisions of this Security Instrument or the Note which can be
<br /> given effect without the conflicting provisfon. To this end the provixions of this Security Instrument and the Note are declared
<br /> te hp c�YnrHhlr.,
<br /> l6.Borrow�er's Copy.Borrower shall be�iven one cunformed copy of the lVote and of[s►is Sccuricy Instrume��i.
<br /> 17.TKansier of the Property nr a Beneticfal intcr�st In Borrower.If all or any part of the Prapeny or any interest in it ,
<br /> is sold or trnnsfcncd(or if a beneficial interest in Borrowcr fs �old or transferred and Borrowcr i�not a nntural person)without
<br /> Lender's prior written consent, Lendcr may, ut its optton, rcyuirc lmmsdiate payment in full of alt sums secureJ by this
<br /> Security�nstn�ment. Howevcr,this uption shull not be cxcrcised by Lcnder if exercise�s prohibited by federal law ns of the date
<br /> of this Scc.urity instrnment.
<br /> If Lcnder excrcises this option, L.cndcr shall givc Bc�rrowcr nutice of uccclerution.Thc notice shall provide a period of not
<br /> less tinan 30 days from the dnte the noti�e is dclivcrcd or maila! within wlilch Borrower must pay all sums sccured by this
<br /> ' Security Instrument. If Borrowcr fnils to pay thesc sums prior to thc cxpirc�tion of this period,L.ender muy_invoke any remcdics
<br /> permittcd by this Security Instrumcnt without furthcr noUcc or demnnd on Borrower.
<br /> 18. Dorrower's Rl�ht to Reinstute. If Borro�ver mccts certuin cunditions, Borrowcr shall have the right to have
<br /> enforcement of this Security Instrument discontinucd ut uny tl�nc prior ta Uie eurller of: (a)S days (or such other period as
<br /> applicable law may spccify for reinstatemcnt) bcforc nulc of tlio Property pursuunt to any powcr of sule containcci in this
<br /> = Securiry Instrumcnt;or(b)entry of a judgment enforcing tl�ls Security Instn►mcnt.Thase cond(tions are that Borrower: (a)puys
<br /> . I,endcr all sums which then would bc due under this Sccority Instrument und the Nnte us if no accelerat4on had occurred; (b)
<br /> = cures any default of any uther covenants or ngreements; (c) piiys nll expenses incurrod in enforcin�tt�is Security Instrument,
<br /> including, but not limited to,reasonablc uttorneys' fees; and (d)takcs sucl�nction ns Lendcr muy reasonably require to assure
<br /> th�t the lien of this Security instrument, Lender's rlghts in the Pruperty und Bu�rower's otsligatian to pay the sums securcd by
<br /> this Se;curity Instn�mcnt shnll continue unchangcd. U�wn rein�ti�tcmcnt by Burroweru this• Sccu�rity�Ihft*am inctnnd�`��i
<br /> = obligations sccurcd hcrcby shnll remain fWry cffcctivc ns�t no ncccicmiion inni u.,:u��a. ,_���.�„ ..•.� ••o°•=- ---•-----
<br /> ; not apply in the case of ucceleration undcr parngruph 17.
<br />_-- 19. 5AIe oP Nntc; Change of Los�n Scrvtcer. '1'hc Nutc ��r u ptirtiul intcrest in die Notc (tngethcr with this Security
<br /> :� Instrument)may bc sold onc or more timcs wiihout prior nuti��c�u N��rrawcr. A sidc may result In n change in the entity(knowr.
<br /> as the "Loan Servicer")that collects monthly puynuntw due under�hc Nnte and thiti Security instrument.There also may be one
<br />::� or morc chnnges of the Loan Scrvicer unrclutcd to n�;de af u�c Niuc. If thcre Is i�chun+c of thc Loan Serviccr,Borrower will bc
<br />..� given writtcn noticc of thc chun�;c in ucc��rdunre�vith puru�ruph I�l iihuvc nnsf upplfcnU�c Inw.Thc noticc will statc the namc nnd
<br /> address of the new Loan Servicer und thc uddretis tu wl�lch paymeut!; �.hnuld !�c mude. Ti�e nutice will also contnin any other
<br /> information rcquircci by upplirablc luw.
<br /> Z0. 1Hu'ra�rdous Substnnces. Borri�wcr sliall uut r�msc �+r �xrmf� �lic prc�cucc, utic, dispasal, storagc, or rcleusc of any
<br /> Harardous Subsh�nces on or in thc Pn�perty. liurruwcr sluill nut da, m�r alluw urryunc clse to do, anything nffectin� the
<br /> _ Properry thnt is in violntion i�f uny Envirunmeninl Lmv. "I'lic precrding twn tirntrnce� shull nut itpply ro the presence, use, or
<br />_�� storagc on thc Ptoperty of smull yuuntitics ��f Hnr.urduun tiuhsl�u►ccy thut ��rc grnrr�dly rcrobnir.cd to bc appropriatc to normal
<br /> residentinl uscs ancl to mnintenance of thc Property.
<br /> �,��o,���,� • " Form 3028 9180
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