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<br /> siibstsnc{slly equivalcnt nnortgaAe insurance coveraga is not ava2labl�,�orrower shal! pay to Lcndcr xach mouth a sum c:c�uai t�
<br /> onc-twclRh of the yearly mortgage insurancc;p*emium bcing paicl by Borrower whcn the insurance covera�e lapsed or ccascd to
<br /> be in�ffcct. Leend�f will�ccepi,ur.e nnd re�ain these payments ns a loss reserve in lieu of mortgnge insurance. Loss rescrve L
<br /> p�yiacnt�m�y�iu lon�cr lic rcquire.d,at thc�ption of Lsnder,if mortgage insurancc coveragc(in the mnount cu�d foe thc period
<br /> that Lender requircs)providsd by an insurer approvcd by D.,endeF r.BuDn becomcs nvailablo nnc!ls oGtainecl, tlorrov�ei•sh�ll�ny ._.
<br /> thc preniiums►�eyuitnci.to maintain mortgage iusurapcc in ef�'ect,or to provide a loss reservc,until dic re�uirement for mortgage
<br /> insuranee ends uraccordancc with any written aDreement betwcer�Aarrawer and L.ender or applicahlc law.
<br /> 9.IaSpecUa�+�. Le�xler or its ag,er►t muy m�ko reasonuble entries upon and inspcctions of tl�c Pco�►crty. Lenil�r shaU give
<br /> Dorrawer notice at tt�e time of or prior to en inspection sp�.ifying reasora6le cause far the inspection.
<br /> 10.Condemnatlon. The proceods of any award or clairn far damages,direct or consequential, in connecsian wilh any
<br /> candemn_tian or other takin�of any part of the Property,or for wnveyance in lieu of rnndemnntion,are hcreby assiRS��d and �
<br /> shall tse paid to I,ender.
<br /> I�tlie event af o tatal takin�oh�he Property,the proceeds shall he applia!to the sums securcd by this 3ecuriry In�U��un�cnt,
<br /> wliett�vr nr not then duc.�va�h nny excess paid to Borrower. In the evcnt of a parti�►I taking of the Prope�ty in whlch the fair
<br /> maskc4 v�3��ic of the ProDorty�ra�meciiattly before the taking is�ual to or greatQr than the sunount af the sums secuced by tl�ie
<br /> ' Scei,�';�''Ir,atnimcnt imn�edia4ely be'i nzc Qhe takins,unless Bc�,.m�ti�er�nd I.endcr atherwise€�g.r�e iai writing,the sun�s seri�red by
<br /> this Se.CUrity Instrument shall be e��:lc�l by the arroount c�'cY��pro��eeds multipiied by C're following frnction: (u) t1,e tatnl
<br /> umount of tha sums sec��m,d immuDaately before►a.e taking. divcdect by(b)Qie fnir market v�lue of thc Property immcdis�telY
<br /> before the taking. Any balance Shall be.paid to �lorrnwer. In the evcnt of a partial taking�f the Pro�criy in which the fair
<br /> market valuo qf the Yroperty immc�¢i�tely before the taking is less thnn the amount of the sums secured immedlntely before the
<br /> taiceng,unlcss Borrower ar�d[.endisr otherwise agree in writiag or unlec5 applieabie luw atherwise provides, the proceeds shall
<br /> be applied to the su[ns secured by this Security Instrument whether or not th�sums are then due.
<br /> If the Prop�rty is abancloned by 8orrower,or if.after notice by[.ertcler to Aorrower that the cotxlemnor offers tn make an
<br /> awud or �settle a claim for danu�ges, Sorrower 1'ails to rcspo�xl to L.ender wltl�in 30 days aRer the dnte tho notia is given,
<br /> L,ender is authorixad to collect and apply thG procoods.at its oppon,either to restorntion ar repair of�he Pruperty or to the sum�
<br /> exti;u�iad by thiF 3:,curlty Ittsttum:nt,cvhtther or not then d!�e. - -
<br /> fJniesa Lenckr And 8arrower otherwlse agra in writing. ca�y epplicAtion of procetde to princip�l shail Rwt extend or
<br /> po�tpono the due d�tt of thA monthly peyments rcferraf to inp�ragrnphs 1 and 2 or clunge the un9unt of such payments,
<br /> 11.1{orruwer NM Rele�.xd;Foe�bearance By Leeder'Nat�Wal�ee.Extenston of tho ti�rf�for paynxnt or modificai3on
<br /> of wnarti�lion uf the aums secured by this Sxurity instlument granted by Lender to any successor in interest of Borrower shali
<br /> not oExrate to relense the leabflity of the ariBinal Aorrower or Borrower's sua:essors in interest. C.ender shnq not be requirod to
<br /> commence proctedings against uny successor in interesi or refuse to exte�id tima for payment or otherwie�e mndffy wnottization
<br /> of the sunns secured by thie Sec�rity Instrument by reason of any demand made by the odginal Borrower or Borrower's
<br /> successors in interest. My forbearance by I.ender in exercfsing any right ar remady shull not be a waivar of or prscludcs the
<br /> eaerciso of any right or ren�ecly.
<br /> 12. Suoct�sr,orR and Aesigne Bountl. Jotnt and Sevenl. Liabillty; Co-signers. The covenants and agrcements of this
<br /> 5ecvriry Instn�ment shall buxi and benefit the successors ancl assigns of Lender and Borrower. subject to the pravisions of
<br /> paragrnph 17. BoteowePs cove»ants and agroernents shall be jaint nnd several. Any Iiarrower who co-signs ttus 5ecuriry
<br /> s � � _ :l�.:,*:ai°• t:;fs�-�i;n.fno�hi�crrurity Tnstrument onC�i to mortgage.grent and convey that
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<br /> Bormwer's interest in the Propeny u[�der the terrns of this Security Instrument;(b) is na0�personally obllgatod to pRy�ttie sums
<br /> securai by thid Sccurity 3nstnirqcnt;arid(G)aArses ehat Lender and any other Bono.vei mAy agrce to extend.modlfy,fotbear or
<br /> make any acanmctioduticns with�gi,ud ta the terms of this Socurity Insuument or the Nate without that Borrower's consent.
<br /> 13.I.oan Clu�rges.If the Ibai�'gecuted by this Security Instrument is subject to a Iaw which sets•maRimum loan c1�-ges,
<br /> ac�d that law is finally interprctec�:so that the interest or other loan charges collected or'to be coilxtcrl in connxtion with the
<br /> loan exoxd the permlttod limits,dOt�n: (a)any such loan charga shall be reduced by thc amount necessary eo redua the charge
<br /> to the permitted limit;a�xl(b)an}� sums nlreaciy collectod froret Sorrower which exceecl�ed permitted limits will be•refundec!to
<br /> Bprrower. l,ender may choose to m�fce this refund by roducing the principal owed under the Nota or by mak9n8 a dicxt
<br /> payment to Borrower, if a refund reduces pri�x:ipal, the roduction wiR b�e treatod a5 a partlel.prepayma►t without any
<br /> prepayment charge under the Note. •
<br /> 1�.NoNas.Any nodce to Iiorrower provldod for in this Securiry Insl�uTment shall bo given by detxvering it or by mailing
<br /> it by 6rst cl�ss mail unless app�icablc!nw requir�use of another method.Tt�e n�eice shalt be directec,l to the Prope�ty AddrssS
<br /> or any other address Rorrowe•r�7es��natts by natice to Lender. Any notice ta Lendar ah�il bc given by first clASS mAil to
<br /> • T.ender's address Rtated htreiej:aT any�dther 2ddress Lender designatms by notia to Bo3�r+a�ver. Any nMice providod for in this
<br /> • Socuriry instrumcnt shall Ue de�inect;tg,rinve.becn given to Borrower or L.ender wheu given as providal in this puri�graph.
<br /> l5.Govcrnin� �aw; Sc�vers#b1li�y. �his Security Insuumen¢ shsll be gavemed by ftlderal law and the Ixw of the
<br /> � juri�liction in which ttk Pmperfy is locatod:In iha event that any provision or clausc of this Security Tnstrument or the Note
<br /> oonilicls with applicable law,such.eonflict shall�wt affsct other prov�sioii�of this Socurity InsWment or the Note which can bc
<br /> g�ve:e effect w[thout the cur�flicti�tg provision.'Jfo this end the provisions of this Security Instrument cind the Note are declerod
<br /> to�be severabk.
<br /> 16.Borro�re�'cs�opy.Borrower shall be given one confornxd copy of the N�te snd of this Socurity iustcument.
<br /> 17.Tr�ster;c+d the X'rope�ty or A Beneticial Yntenst In Borrnwer.if all or a:►y part uf t}�c Property or any intenst in it
<br /> is sold or transfcrred(or if a benefictal interest�n Borrower is sold or trarisferral and Borrower is not a nut�iral person)without
<br /> Lendcr's prior written consent, J.ender may, at its optioa, r uire immediate paymcnt in fu.11.af all sums securod by this
<br /> Socuriiy Instntmcnt.Howevxr; this option shali not be excreisei�y Lsndar if cxercise J's.prohibited by faleral luw as of the date
<br /> of this Socuriry Instcument.
<br /> If Lender exerclscs this opuan,Lender shall give Baxrower notice of accclerntion. 'The notico 6ha11 providc a period of not
<br /> ! less than 30 days from the datc the notice is delivered or mailed within wliich Borrciwer must pny all sums secared by this
<br /> Security Instrument.lf Borrower.fails to pay these sums prior to the cxpimNon of this per16d.Lender may tnvoke any rcmedies
<br /> permitted by thls Security Instrc�ment withuut further notice or demand on Bonower.
<br /> 18. �ormwer'e Itlght .t4a Reit�state. If F3onower mcets certain conditions, Borrower shall have tiie right to have
<br /> enforccmcnt of this Securiry Instrument discontinued at uny timc prior to the earlier of: (a)S days (or such other p^riod as
<br /> npplicable law nwy spocify for reinstatement) Ixfore sale of the Property pursuant to any power of salc cont�ined in this
<br /> Secudty lnstrumcnt;or(b)eniry of a Judgment enforcing this S�ecurity Instmntent. 'tiiosc comlitions are that Bonowcr:(n)pay�s
<br /> I.ander ail sums wf�ich then would tse duo under this Security Insirument and tha Noto:is if no acceltration had occurrod;tb)
<br /> cutes any default of any other covenants or agsaments: �c)Qays all expensey incumed in enforeing this Securit,y Instrument,
<br /> including,but not limited to, reatonable attorauys' fees: and(d)takes such uction as I.ender may reasonably r.equlre to assure
<br /> that tha jien of lhis SecUrity Instrument, Lender'�r�ghts in the Property and Banawer's nbligation to pay the sums securod by
<br /> this 3ccurity Instrwnent shall continue unchanged. Upon rcinstAtement by Borrower, this Sccurity Instrument and the
<br /> �_�_ �� v_...�..� �f.ie.....M��n wincmts ahnll
<br /> obligatiuns secuted hereby shali temuin iuiiy enccz►vc as �i nv a�i�ruii�����tw.�:.-.a�«.,..■....�....,....o..a...-r.--.------—
<br /> nat app►y in thc cas�:af acccicrntton undcr garagraph 17.
<br /> 19. Salr ot No4e; Change uf Loan Servtcer. Tiie i�ote or a partial interest in thc Note (togcther with this Security
<br /> Instrurc�er�t)s�ay be sold one or more times�vithout prior noticcs to f3orrowcr. A salc mny result in a changc in the cntity(known
<br /> : as the"Loan Scrvicer")that collects monthly puy�ents duc under thc Natc and this Security Instrument.Thci�e also may be one
<br /> or m�re changes��f ihe Lotm Servicer unretuted to a sate of the IVote.If t{ie�e ie n change of the Lban 5ervtcer,Borrower will be
<br /> ' given written nertice qT thr:rhunge in aeeordanee with paragraph 14 above nnd s�p�lic�ble law.The.notice will state the nsme nnd
<br /> uddress of the new[.oan Servicer and the nddress to which payments shoutd be n�aJe. The notica•will ulso contain ar►y other
<br /> information rcqu�insd by�pplicnble law.
<br /> = 20. Hazsirduus Su'}xiianies. Bnrrrnwor shali not cause or permit the presence, use, dispos�l, srorage, of• rcicase of any
<br /> - Hazardous Substanccs ot� +�r in the �'ec�szr,'y. Bormwer shuli not do, nor allow anyone else to do, anything uffecting the
<br /> Pmperty that is ln vinlvtion of uny Enr•i�r,nmentnl Law. The preceding two sentences shall not ��pply to the presence,use, �r
<br /> stornge on the propcny of small quantities of Hazurdous Substances th�t ure genemlly recognizod to be app'ropriate to norms►!
<br /> ' residcntial uses nncl to maintcnance of the Property.
<br /> veqo 3 0�4 ��.' i t;;.'. Fotm 302g 8180
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