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<br /> Substan+ttally equivident mortgu�c insutance coveragc is not availnble, Borrower shu11 pay to l.endcr cuch month t►sum cqunl to
<br /> one•twelflh af the ycarly mortgage insurunce premium b�ing paid by Horrowcr whcn the insurance covcruge lapscd or ceased to
<br /> be in cffcct. �i.endcr wiU ucccpt, use und retain thcse payments hs n loss rescrve in lieu of mongnge insurancc. Loss rescrve
<br /> , paymcnts inuy no lan�ce b� rcquiral. nt thc o�tlon of l.cndcr, if mort�agc insuruncc covcragc(in thc umount and for thc period
<br /> thnt Lcndcr requires}provided by nn insurcr cipprovcd by Lender ngain becomGS nvuilnblc und is obtaiucd. Rurruwcr shall pay , :.•
<br /> • 'st the premiums rc�uircd to maintain mortgugc insurance in cffect,or ro providc u loss reserve,until dic rcquiremcnt for mortgngc N .
<br /> insurance ends in accordance with any written i�grecment between Bormwer and Lender or�pplicable luw. '.�`r,.
<br /> ` �� � 9. Inshectlon, l.ender nr its agent mi►y makc re.usonnble entries upon und inspecti�ns of the Property. Lender shall giv� '�ti
<br />:.�.,,.•.,; �.� �"� �.
<br />--_ .:r�r Horr�wer notice at the time of c�r prior to an inspection specitying reasonuble cnuse fi�r the inspection.
<br /> rr 10. C�ndemnniton. The proceeds of any uward ar claim for dama�es, direct or cansequential, in connection witl�un7� ��
<br /> _'�;��. � condcmnntiun or uthe►•tuki�ig af�ny part of the Property,or for convcyancc in lieu of condemnation, urc hcreby assigned nnd(�� �'`r.^M
<br /> _t_�1 L��..1A�n t n�n�n. f� —
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<br /> ' In thc cvcnt of a totnl tukins of thc Propeny,the proceais shali be upplluf to the sums sccurcd by mis�ecurity enstrumr�u �,_-_
<br /> .����� wheth�er or �iot then duc, with any excess paid to Borrowcr. In the event of p purtial tuking of thc Property in which thc fai �^�;:u
<br /> markct vnlue of thc Property immediately before the tat.ing ts equal to or grcatcr thun the amaunt of thc sums secureci by thi gi:r_.
<br /> = -- - Security Instrumsnt immediately before the taking,unless Horrowee and Lender otherwise a�ree in writing,the sums secured b E.''�'�:-.:.
<br />� T��^ this Ser.urity Instrument shull be reduced by the amount of the proceeds multiplied b�� the t'ollowing fruction: (a) the rotnl �:«`V
<br /> � ` " amount of the swns secured imme.diatcly bcfore the taking, divided by (b) thc fair murket value of thc Property imme<liately �•.�:-
<br /> �-�?;��� �� before the takin�. Any balance shall be paid to Borrower. In the event of u partial taking of the Property in which the fair ��1'
<br /> �''�t '�'` murket vuluc:of the Property immediately before the lakiiig iti less than thc amount of the sums secured immeclintely before the � ,,,_
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<br />;_�,�,�;., taking. unlcss Borrowcr nnd l.ender othenvise agrce in writing or unless applicable law otherwise provides, the praceeds shall �
<br /> ,_v,__u•. be applied to the sums secured ny this Security Instrument��hether or nat the sums are then due.
<br />:-�;;a��r.f� !f the Yropeny is abnndoned by Bu,�uwc�,ur if,aftcr notice by I�.nder to BorroWer that�he condemnor affers to make an �__
<br /> award or settle a claim for damaggs, Horrowcr fnils to respond to Lender within 30 days after the date the natice is given,
<br /> �:�:�-:`-'� Lender is authorized to collect and apply the proceeds,ut its option,either to restoration or repair of the Property or to the sums
<br /> •��'?%��� secured by this Security Instrument, whether or no►then Jue. :`.-
<br /> :::ay:bi�:�l
<br /> - Unless I.ender and Borrower otherwise ngree in writing, any upplication of proceeds to principal shall not extend or �,"'
<br />?_::�'�?�;� postpone the due date of the manthly paymenu referred to in paragraphs 1 and 2 or change the stmount of such puyments. _
<br /> �:,.:;���.. 11.Borrower Not RQleused;lForbenrance By Lender No2 n Waiver.Extension of the time for payment or modification
<br />__�;��;�. of amortization of the sums secured by this Security Instrument�ranterl by Lender to any successor in interest of Borrower shall �
<br />_:p;�. not operate ta r�lcase tlte liability of thc ariginal Borrower or Borrower's successors in interest. I.ender shall not be requirecl to
<br />= commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization
<br />=�:�'�,�„�:�� of the swns secured by this Security Instrument by reason of any demand mude by the original Borrower or Borrower's
<br />_�_`� successors in interest. Any forbearance by Lender in exercising any right ar remedy shuU not be a waiver of or preclude the
<br /> ���i■ exercise of any right or remedy.
<br /> '�`'°'� 12. Successors �.nd Assigns Bound; Jo1nt and Several Liabil[ty; Co-slgners. The cuvenunts nnd agreemenRS of this
<br />�u'""i'�z"�'� Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br />`�;� Rarugraph 17. Borrower's covenants and agreements shull be joint and several. Any Borrower who co-signs this Securiry
<br /> _ __�_�1.;�� Instrument but does not execute tne ivote: (a)is co-signing inis Sr4:u,iiy I�wt�u��er�t cnly i0 i::OKe�O�• 62'S='•t �r`�rnnyrv thnt
<br /> -;�T��� Borrower's interest in the Property under the terms of this Security Instrument; (b)is not personally obligated to pay thc sums
<br /> �='�,,r�� secured by th�s Security Instntment; and(c)agrees that Lender and any od�er Borrowcr may agree to extend, modify, forbear or
<br /> �:....'"�`.�" make any ncsommodations wlth regard ta the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> -'=;'�1 �3.Loan Churges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> ---- and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the
<br />—� loan exceed the perniitted lim�ts,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to
<br /> �orrower. Lcnder may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> — pa,yment to Bonower. If a refund roduces principal. the rcduction will be treated us a partial prepayment without any
<br /> -_2-��-- prcpayment chargc under the Note.
<br /> 14.Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first class mail unless applicuble law requires use of another m�thod.Th�notice shall be directed to the Property Address
<br /> or any other address Bonower dcsignates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> Lender's address stnted herein or any other address Lender designates by «otice to Bonower. Any notice prov[ded for in thfs
<br /> Security Instrunient shall be deemed to have been given to Borrowcr or Lender when given as provided in this paragraph.
<br /> 15.Governing Lativ; Severnblltty. This Sccurity Instrument shall be governed by fecleral lnw and thc law of the
<br /> jurisdiction in which the Property is locateci. In the event thnt any provision or clause of this Security Iflstrument or the Note
<br /> conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note whtch can be -
<br /> __ _ __ _._�z. g9ven etfect without the conflicting ptovision.To this end the pmvisions of this Security Instrum�nt and the Note are declared _
<br /> to be severable.
<br /> - -- 16.Borrower's l:opy.k3onower shaii be giv���v«e cuuivu��ra1 copy of Gic.";a:e and a:thiu Scc�rit,Ir.strt!ment.
<br /> —°°°°-- !7.T��iufer of tl�e s'rope�ty ar a Beneficfal Interest in Borra�ver.If nll or any part of thc Property or any interest in it
<br /> � is sold or transferred(or if a beneficial interest in Borrower is sold or transferred a�id Borrower is not u natural person)without
<br /> _ L.ender's prior written consent, C.ender may, at its option, require immediate payment in full of all sums secured by this
<br /> - Security Instrument. However, this aption shaU not be exercised by Lender if exercise is prohibited by fecferal law as of the datc
<br /> =� of this Securiry Instrument. .
<br /> ' :� If L,ender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not
<br /> _ _���, less than 30 days frorn the date the notice is delivered or mailed within which Borrower must pay all sums secured by this
<br /> - - Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period,Lcnder may invoke any remeciie.e
<br />__'_ Y��� permittal by this Security Instrument without further natice or demand on Borrower.
<br /> '�7ic� 18. Borrower's Right to Reinstute. If Borrower meets certain conditions, Borrower shall havc die right to have
<br /> _"���=` enforcement of this Secur{ty Instrument discontinued at any ti�ne prior to the earlier of: (a) 5 days (or such other period as
<br /> -�� �` upplic;ablc law may specify for reinstatement) before sale of the Property pursuunt tu uny power of snlc contained in this
<br /> �.�"°`� Sccurity Insttument;or(b)entry of a judgment enfoscing this Security Instrament.Those conditions are that Borrower: (n) pays `
<br /> -;°;.�:...
<br /> -��.,-;�-�� L.ender all sums which then would be due under this Securiry Instrument and the Note us if no acceleration had occurred: (b) `
<br /> - r ����: --
<br />��=;�„u-j� cures any defuutt uC auy utl�e.covenants ar agrecments; (e) pays all e::penses incurred in enfo*cing rhis Security Instrument, _
<br />- - -`�`'..��� including, but not limited to, reasonable nttomeys' fees; nnd (d) tnkes such action us Lender may rcasonably require to assure _:
<br /> _�m�,�� thlt thc lien of this Security Instrument, Lender's rights in the Property nnd Borrower's obligation to pay the sums secured by �,__
<br />---���•R-��. �t,�� Gruritv tnctrument shall continue unehnneed. Upon reinstatement by Aorcower, this Security Instrument and tlie �_?�,
<br /> "'�;'�- �'�°= obligations secured hereby shalf remain fully effective as if no acceleration had occuned. Ho�vever, tlns rignt to reinstate snaii . — -
<br /> �'_��°� nat apply in the case of ucceleration under paragraph 17. :_
<br />- '•'• * 19. Snle of Notc; Cliunge of Lonn Servlcer. The Note or a partial interest in the Natc (to�ether with this Security
<br /> _,.}�` .:-��4 u Instrument)may be sold onc or more times without prior notice to Borcower. A sulc ma��result in a change in the cntiry(known . '?-�
<br /> as the"Loan Servicer")diut collccts monthly payments duc under t�c Note and this Security[nstniment. Therc nlso may be one
<br /> , �'"' ? or morc changes of the Loan Servicer unrc[ated to a sale of the Nutc. If there is u chan e of the Loan Servircr, Borrowcr will be .
<br /> .r� _ .,,� given written notice of the change in accordancc with paragraph 14 above and npplicab�e law.The notice will state the name and
<br /> - address of the new Loan Servicer and the uddress to which puyments should be mude. The notice will also contain any other
<br />- '" information required by applicublc la�v. �
<br />_ �F� 20. Haznrdous 5ubstn�tce.v. Borrower shull �iot cause or pemiit the presence, use, disposal, storage, or relcase of any
<br /> ,,::��_ ' Hlaardous Substances on or in the Propercy. eorrower Shall not do, nor allow anyonc clsc to do, unything atTcctin� the
<br /> �°`;�;4 � Property that is in violation of nny Environmcntul I.aw, Thc preccciing two sentcnccs shall ncn apply ta thc prescnce, usc,or
<br />__ : 1�� �� � stora�e on the Property of small quuntities of Huzardous Subst�nces that are generally ncogni•r.ed to bc appropriate to normal
<br /> . ••• � residential uses and to maintcnuncc of the Property.
<br /> • Pogo 3 0�4 Form 3028 9l90
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