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<br /> substu►tially cquiv�lent nx�rtgugc i�uu�anc�cover�c is nat a��ailat+ir,Ei��rruu�er�hall{�ay tt�Lc�xlei carh ntonih s�sum equaf to
<br /> r one•tKCifli�of ttt�yea►►y urxtg�ge insur��prcmlam ticing�aid by Bc�crawer whrn the in�urrix�e cv�ver�ge I��►seJ ur cc:�.u::l w �
<br /> hc�ii�eCfc�t. Lc�uler will u�i::p:,u�..:uw r.taln thcsc{sayments as u lo�s rcservc in liru uf nx�nbage in�.urHncc. la�ss mccrvc _._
<br /> payments n�ay rw laitc��be reQuir�i, at thc option of Lencicr, if nw�tbuge i►uura�u�cov�r�e(in th:anxwnt�ul ti�r t:u period —
<br /> ' ' d�at l.e�u�r requires)ptovicied by�ui insurer uppm�•ed by l.er.ckr again t�:an�e�available w�J i�obtpiiiecl. &�rmw•er sh�ill pay
<br /> th�pmmiuttu rcyutred so maintnin mongage insur�nce in eifect,or to pmvicte u loss reserve,until�he r�:quircmcnt fur uwrtrore
<br /> iruurance ends in accordance with any wruten ygrceme�t lk.tw•een Borrow•er and l.encier ar upplieable 1•rw.
<br /> 9. [t►c{secti�m. l.cnder or its agent may makc re�son�ble uuries upan ur►d iacpectior►s ot the Rr�►p.rty. l.eixkr shsll Qise
<br /> 8cxruu•;;r�xulec at ih:time of or prior ta an inspecti�n speeiPyin�re�s�x�le wu�e fi�r the incpertinn.
<br /> 10. l'oudrmaatioa. Thc prc�cccds of any award or cl:.im far clamages,direct or concequcntial. in conncctian with any
<br /> m�xlrm�tion or aher tal;ing of any part of'the Propeny,or for conveyance iu lieu of condemn:itian, :u�hereby a.�.cirnecl u»d
<br /> sh�ll be paid to I.ender.
<br /> In the event of s tcu�l taking of the Pmpeny,the proccecis st�al7 be upplied ta the sutn�wcured by this Securily I��.ettument,
<br /> whether ar not then due, with any exce�s paid to Borrower. In the event of a partial taking af the P���perty in which the fair
<br /> market vnlue af the Property immcdi�tcly before the taking is eqw11 to or gmater th�n the anwunt oF the sums secured by this
<br /> 5ecuriry Instrumcnt immediately before the taking,untesc Borrow•er artid Lender otherwise ag�ee i�writin�, the sun�.c sccurcd by
<br /> this Security Insirument shall be reduced by the anwunt of the pra�ads multiplied by the following fraction: (�l the tntal
<br /> amount of the sums secured immediately befare tho taking, divided by (b) thc fair market value af the Propertp immecliutely
<br /> befo►�e the t�king. Any balancc s1�a11 be paid to Bonower. In the event o�'a partisl taking of the Property in which the fair
<br /> matket value of the Property inunediately before the taking is less than the anwunt of the sums securcd immedir�tely befaro the
<br /> taking, unless Borrower and Lcnder otherwise agree in writing or unless applicable law otherwise provides, the prc�ceedc c1�11
<br /> be appliod eo ihe swns secnced by this Securiry Instrument whether or not the sumc ate then due.
<br /> If the Property is abuticloned by Borrower, ar if,aftcr notice by Lender to Borrower that the condemnar offe�s to makt an
<br /> award or settle a claim for damages. Borrower fails to t�espond to l.ender within 30 days after the date the notw�e is given,
<br /> l.ender is zuthoriYai to wllect ar�d apply the proceeds,ai its aption,either to restoration or repair of the Property or W tho sums
<br /> secured by this Security Instrument,whether or not then due.
<br /> Untess I.ender and Borro►ver otherwise agree in writing, any a{tplication of proctieds to principal shall r�ot extend or
<br /> posnpone the due date of the monthly p�yments referred ta in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.Bormwa Not Released;Forbwraace By Lairkr Not a Ws�fiver.Facteruion of the tim�for payment or modificatian
<br /> of amortization of tAe s�;mc secured by this Security Instrument granted by l.ender to any successor in interest of Borrower s1w11
<br /> not operate to relesse cb:liabiliry of the originYl Borrower or Borrower's successors in interest. Lender shall not be roquirod to
<br /> eomnxnce proccedir��a sgainst any successor��n interest or refuse to exteec�time for payment or otherwise modify amoctization
<br /> of the sums securod by this Security Inst�at by reason of any dr,�nd made by the origin�l Borrower or Bort�ower's
<br /> succacsors in interest. Any forhearanoe by Le�:r in exezc'��any nght or remody shail not be a waiver of or Qreclude the
<br /> exercise of any right or rcmady.
<br /> 12. SuesYSw�s �d Ass�s Bou�sd;J�t xnd Se+er� Liability; Co-siBnus. The covenants encf agra�nents of this
<br /> Security Instrunxnt shall bind and benefit the suoce.esors and assignc of l.ender and Borrower, subr� to che provisiau of
<br /> parstgraph 17, Bort�owtr's coven�nts and agrecments s}wll be joint and scveral. Any Borrower wlra �-signs Ltiis Security
<br /> Instrurn�nt but dces not execute the Note: (a) is co-signing this Sccurity Instcument only to mortgabe,gtaot sa�:convey that
<br /> Bortower's interest in t6e Property under thc terms of this Security Instrumenr, (b)is not personally obligat,ed.W�v the su�nc
<br /> secured by this Security Instrument:and(c)agrees tlu►t Lender and any other Borrower may agroe to extend.utio�ifv,forbear or
<br /> anckc any accommodations with regard to the ternu af this Securiry lnstrument or the Nc►te without that Betrower's oonsent.
<br /> 13.l.oan C6�es.If the lou�secure�G�this Security Inswn�ent is subject to a law which sets ms�cimum loan charges.
<br /> and tt�at law is fuwdil�intezpre,ted so that the u�erest or other loan ch�sges collxted or to be co1le�d ia oonnxeion with tt�
<br /> lnan esoeed the namined limits. then: (�any' �tch loan charSe shall be�duad by the amount nc�ess:u�•co icduoe the chuga
<br /> --� to the perautttt!limie:and tb)any sums already colleaed fi�m Borrower which eacceoded pemutied�em�ts wit� Dce r�nc�tv --
<br /> Borrowu. I.er�der may choose to maice this refund by teduring the prineipal owed wder the Piat�e ar by �3citag a diroct
<br /> PaY�ent to Sorrower. If a refund reduas principal, the roducrion will be treatoo as x partial �epayment without a�.
<br /> Pr�Y��Se under the Note.
<br /> 14.Nat3ces.Any noticx W 1"o��or-:er p.�vicJ�.::tsr i�t}eiw�*itl Ir�E.�nt sltcll ts_givea�y ��i:�eri�it es!+y A�'sng -
<br /> it by fust class mul unless applicabk law requires use of anoUKr method. '11u notia s1�11 be directed to the Property A&iress
<br /> or aoy ott�er �ddress Boaower designates by notice te Lender. Any notia to Lender st�ll be given by first class ms►il to
<br /> I..aider's addrass stated Ixreia or any ottKr address L,ender designates by notice to Borrowcr. My notiue providod for ia thic
<br /> Soctuity Instiumrnt st�all be deemed to have bee�given to Barrower or L,ender when given ac provided in this paragr�ph.
<br /> 15.Governin� I.aw; Seversbility. TEus Security Itisitument sJ�I be govemed by fodesal� law u�d the law of the
<br /> jurisdiction in which the is focated�. T.n tha event that usy provision or clause of this Savxicy Tas�umau or tho Note
<br /> confli�xs with appiic�We taw�i cont7icx s1s�i1 not affect ott�er prov�s�ons of this Security insuumax or the Note which can be '
<br /> givea effect witlwut tLe ooaflid:ing provision. To this end tha provisions of tbis Sa�uity Ins�tument aod the Note a�dxlsced
<br /> to be stverablt.
<br /> �6.Boreovrer's Copy-Borrower st�all be given one confom�d oopy of the Noie�rd of this Secwity Tnctnu�nt.
<br /> 17.Traad'ar d tLe Ptoperty or a Beoelidal L�terat in Borrower. If al!or any part of the Propaty or any intcztist in da
<br /> is sold or�(or if a brneficial intcresr.in Borrower is sold or truLSfemed u�d Borrower is noc a oatural pezson)withou�'
<br /> L�arler's prior written 000seat, l.ender may. at its option. require immediau payment in full of alt sums secvred by this
<br /> Socurity Instrument.However,this option shalt aot ba exercisod by I.enckr if r.xucise u prohibited by fodaral law as of the dste
<br /> of this Socurity Lutrument.
<br /> If L,ader exurises this option.Lender s�hall give Bonower notice of xakrition. The notice shall provide a period of not
<br /> less thzn 30 days from the d�te the notice is delivered or cnuiled within which Borrower rtwst pay all sums seeured by this
<br /> Security Inswment. If Borrower fails to pay tl�ese sums priar to the expiration of this period.L,ea�ter may invoke�y irmedies
<br /> perntitted by this Security irutmment without further notioe or dert�and on Borrower.
<br /> 1$. BorroKer's Rigl�t to Rdee�ate. If Borrower meets ctrtain conditioas. Borrower shall have ttte rigt�t to have
<br /> enforament of this Securiity Instn�mer,t discontinued�t any time prior to the earlier of: (a)5 days (or such other period as
<br /> applicabae law may specify for niastatement) befor� szle of the Froperty purwant to �ny powa of ssle contained in ttils
<br /> SecvritY instru�t;w(b)entrY of a jase:gnxnt enfoning this Security Inst�umznt.ltose c�ad�tioas are that Somowcc:(a)�n�s
<br /> t,,ender all suu�.which then waild be due under th'u Security Instrumers snd the Nott as if no acakration i�i oce�rren:CaJ�
<br /> euces�ny defauh of�ny other covenants or agreemuus: (ej pays�ll expenus incurrod in enforeing this Seeutiry Ias!curna�t,
<br /> 1i1CItJ[jI1J$,but not limited to.reason�bk attorneys' feac: and(d)taYes such xcion as L.erxkr may ceasw�abiy ra�uire w aswre
<br /> tl�at Ute lien of this Security it►strument, Lender's rights in t.he Property and Borrowu's obligatiort to pay the sums sewrod by
<br /> tnis Security Itutrument shall continue unchar►ged. Upon reinstatement by Borrower, this Securiry Instrucnent u�d the
<br /> obligatiau sacurod hereby slull ramin fiilly effective as if no aooekrition had oaairred. However.this right to reinstate shaU
<br /> not apply in the c�se of xceleruion under parzgraph 17.
<br /> lq, S�ie ot 1Vots; (,`lwoge ot i,oaa Servicer. The Nae or a puti�l interat in the Note (together with this Security
<br /> Inswmeat)may be scld one or moro times without prior notice to Borrower.A sale may result in a ch�t�ge in the entity(known
<br /> ac the"i.oan Servicer')thst coltects monthlY paYmerus due ancler the Note and this Securiry Instnimenc.There also nwy be one
<br /> or more changes of the L:oan Servicer unrelatad to se s�{e of t?�e Note.If there is a ciiaz�ge of the Loan Scrvicer. Borrower will be
<br /> given written notice of the ch�nge in accordance with par�graph 14 above and�pplicable law. The ratice will state the name and
<br /> addras of the new Loan Servicer and the�ddras to which paymwts should be mxle. The notia wiU also ooNaio any other
<br /> inforcnation roquirod by applicabTe law.
<br /> 20. H�ardous SubctAaces.Iiorrower shall not cause or permit the presence, use, disposal. stwage, ar release of any
<br /> Ha�ardous Substuices on or in t}�. Property. Bonower shall not do, nor allow anyone else to do, anything affecting the
<br /> Property th�t is in violation of any 6nvirunmental law. The precoding two sentences sh�ll �ot apply to the presence, use,or
<br /> stdr�ge'on the Property of sm111 quantities of Ha�ardous Subsiacxes tl�t are generally recosnizod w be appropriate•to nomnl
<br /> nsident�l uses aad[o a�ainteaance of the Property.
<br />- ►.o.s�+ . Faw►3028 �IpO
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