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<br /> substantially cquivalcnt m��rtgugc intiuranrc rovcrugc is not availnblc, Dorrnwcr shall puy tu l.rnJcr rarh numth a tium equn to
<br /> _. �..,�......:.��... u.::~:r;:::e�t��.ti`c�..::r;;�1._,.._,,.,�.�y��i„�,��c!ar ren�c�!to
<br /> unc-c+vciiiii ui►i�e yca�iy nwn�;.�gc iu,uu�n« �,.-w:�iG��. •, b r••••••.� . . .. .
<br /> ., bc in ctfcct. Lcnd��r will ncrcpt. usr. und irtain thc�cpuymcnt�uti a lus, rc+crvc in licu ��f murtFagc in,urancr. L�is, rc�crvc �°
<br /> `,� '"paymcnts may no longcn c�rc��uiird.at thc uptiun nl' l.cndcr. if nwrtga�;c i�nurancc cuvcragc lin tlic:uuuunt und t��r thc period� �
<br /> th.�t I.cndcr r�quires)prnvidc� by un intiurcr iippsovc�l by l.cndcr.�giiin hccomcs�wuil�blc und iti uhtaincd. 13��rrowcr tih.all pa�
<br /> "`_ the prcmiums rcyuired to muinuiin uum�:�gc imuruncc iu c;(fcct.���tu pra�id�u I��,.�exrve. until th�rtquirmcnt ti�r mcirtgagc
<br /> �x� � insurancc ends in arcordunc�with►�ny�vrittcn ugrccment hct�vicen F3orruwcr und L,ender�►r npplic�ihlc luw. =
<br />=_::�� 9. [ns�tlon. Lcndrr ur its iigcnt may mukc reuson:iblc cntrirs upnn i�nd inspectiunti of thc Property. Lcmlcr sh.ill giv� _..
<br />.,'� Siurm�cr naticc at�hc timc of ar pric�r to un ins�xciicu� spccifying rcas��nablc causc fi�r thc inspertion. 0 _
<br /> �,� 10. Condemniitlon. The pmrccds af any u�vard or rluim fur dumugcs, direct �n• conscyucntial. in rnnncctinn with an�
<br /> condcmnation ur othcr taking uf uny part uf thc Properly. ur fnr a�nvcyuncc in licu of condcmm�tiun. arc hcrcby a„igncd an �
<br /> •:+� shall Nc paid tu I.cndcr.
<br /> In the cvent uf a tutal tuking i�f thc Pri�Fxrty,the prucrcd�shull bc applicd to the sums scrw•cd by tliis Sccurity Instrument _
<br /> -=� whether or not dun due, with any excess paid to 9orrower. In thc event of a parlial taking nf the Properry in which the t'ai -
<br /> �� market vuluc of the Property immuliatcly beforc Uie taking is cqual to or greater than thc amount uf'thc sums secured by this �,,
<br /> __ - Security lnstrument immediatcly before the t.ikin�;,unlcss Borrower and Lender othenvisc agree in writing, thc sums secured by �
<br />=.;� this Security Instrutncnt shiill bc ruiuccd by th�: am�unt of thc procceJ► multiplicd by thc follu�ving fraction: (a) the totul
<br /> amount of thc sums sccured imm��iiutely hcfore Uk taking, divided by (b) Ihc fuir market valuc of thc Pruperty immcdiatcly
<br /> 'T�� beforc thc taking. Any bulanrc tihall he paiJ to Bon•c��ver. In the event of a partiul taking of the Pruperry in which the fuir
<br />;'�� market valuc of thc Property imn�edist�lp hcli�re. dk taking is lc�s than thc amount oi'thc sums sccurcd immcdiatcly hcforc thc
<br />--- taking. unless Bonower and L�:nder other�vitie a�;rec in wnung iir unles�applicable law i�thcnvise provides, the prucecds shall
<br /> -_- be upplieJ w the sutns secured hy this Scrurity Instruntem whedur ur not thr sums arc then due.
<br /> [f the Property is abundoned by Borrower, ur if, uDer notice by Ln:ndcr to Borrower that the condemna•affers to make un
<br /> awurd or settle u claim for dumagcs, Borrower fuils to respond to Lender within 30 days after tlic date the notice is givcn,
<br /> -=.;.� Lender is authorized to collect and apply the praceeds. at its optian, either to restoratian ar repair of the Property or to the sums
<br /> n�;%� secured by fhis Security Instrument,whether or nat ttien due.
<br />'_•� Unless I.ender and Borrower othenvise agrce in writin�, any application of proceeds to principal shall nat extend or
<br /> .� postpone the due date of the mnnthly payments refcrced to in purugraphs I nnd 2 or changc the umount ot'such payments.
<br /> �- 11.Borrower Not Releused; Forbearnrice By Lender iVot n Walver. Extensian nf the time for payment or modification
<br /> of amortization of the sums secured by this Security Instrument granted by Lender to any sucressor in interest of Barrow�r shall
<br /> �"� no[operute to release the liubiliry of the original Aorrower or Borrower's successors in interest. L.ender sh�ll not he required to
<br /> -= commence prc�ceedings ugainst uny successor in interest or refuse to extend time for payment or otherwise modify amortization _
<br /> -= oF the sums secured by this Securiry Instru�nent by reason of any demnnd made by the original Borrower or Borrou�er's
<br /> --- succcssors in interest. Any forbcarancc by Lcader in exercising uny right or remedy shull not bc a wniver of or preclude the
<br /> • exercise of any right or remedy.
<br /> 12. Successors and Assigns Bound; Jutnt nnd Several Liabllity; Co-slgners. The covenants und ugrcements of this
<br /> _- Security lnstrument sh:�ll bind and benefit the successors and ussigns of I..ender and Harrower, subject to the provisions of
<br /> - pss-agra�:l2 �T. .�L)fi4!'.'aT's rnyrnantc snd avreentents shall he ioint and several. Any Borro�ver who co-signs this Security
<br />--a-- Instrument but doe, not execute the Note: (a) is�n-signing this Security Instrument only to mortguge• grant and convey that
<br /> Borrower's interest in thc Property undcr thc tcrms of this Security Inst►ument; (b)is not personally obligatcd to pay the sums
<br /> secured by this Security lnstn►ment;und(c)ugrees that l.ender and any other Borrower muy agree to extend, modify, forbear or
<br /> ' muke uny accammodations with regard ta thc terms of this Security Instrument or the Note without that Borrotiver's consent.
<br /> 13.Loan Charges. If►he loan securecl by tliis Security Instrument is subject to a law which sets maximum loan charges.
<br /> — tu�d thnt lnw Is finalty interpreted so that the interest or other loan cliarges collected or to be collected in connecdon with the
<br /> °°� loan exceed the pc:rnbit¢ed ]lmits,then: (a>any such loan charge shall be reduced by the amount necessary to reduce the churge
<br /> to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to
<br /> Horrower. L.cndcr mny choosc to makc thi6 refund by rcducing thc princlpal owed under thc Note or by m^king a direct
<br /> ' payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any
<br /> prepayment charge under the Note.
<br /> ' 14.Noticcs.Any noticc to Borrower provided for in this Security Instrument shall be given by dclivering it or by mailing
<br /> it by first cl;iss muil unless applicable law requires use of another method.The netice shall be direi:teci to the Propeny Address
<br /> or nny other address Honower detiignates by notice to Lcndc:r. Any notice to Lender shall lse given by first class mail to
<br /> ' Lender's address stated herein or any other address I.ender designates by notice to Borroa�er. Any notice provided for in this
<br /> 5ecurity Instrument shall be deemed to have been given to Horrower or Lender when given as provided in this paragraph.
<br /> 15.Governing Law; SeverablUty. This Sccurity Instrument shall bc boverned by federal Itiw und thc law of the
<br /> jurisdietion in which the Property is located. In the event thut any provisiai or clause of this Security Instrument or the Note
<br /> confl{ets with applicable law, such conflict shall not affect other pr�v�s�ons of this Security lnstrament or the Note whieh c:u�be
<br /> -- givr,n effect without th.c conflicting provision. To this end the provisions of this Security Instrument and.the Note are declared
<br /> ' td be sevei�ble.
<br /> 16.Borruwer's Copy.Borrower shull be given one conformed copy of the Note and of this Security Instrument.
<br /> 17.Trai�sfer of the Property or a BenPficlal Interest in Borrawer.If all or any part of the Property or uny interest in it
<br /> is sald or transferred(or if n benefici�l interest in Borro�vcr is sold or transferred and Borrower is not u natural person)without
<br /> T.ender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this
<br /> Security Tnstrument. However.this option sh311 not be exercised by Lender if'exeretse is prohibited by federa!law us of the date
<br /> of tlii�Security Inst�umvnt.
<br /> If L.ender exercises this option, Lender shull give Borrower notice of ucceleration.The notice shull provide a period of not
<br /> less than 30 days from the date the notice is delivered or mailed within which Borrower must pay al1 sums secureci by this
<br /> Security Inytrument. If Borrowcr fuils to pay these surns prior to the expiration of this period, Lender may invoke any remedies
<br /> - permitted by this Security Instrument without further notice or demand on Borrower.
<br /> 18. Borrower's Ri�ht to Reinstate. IF Borrower meets ccrtain canditions, Borrower shall have the right to have
<br /> enforcement af this Security lnstrument discontimied at any time prior to the earlier of: (a) 5 days (or such other period as
<br /> � � ' applicuble law may specify for reinstatement) before ssle of the Property pursuant to any power of sale contained in t�iis =
<br /> Security Instrument;or(b)entry of a judgment enforcing this Security Instrument.Those conditions are that Borrower:(a)pays
<br /> ! Lender all sums which then would bc:due under this See:urity Instivment and the Note as if no acceleration had occurred: (b)
<br /> , cures any default of any other covenants or agreements; (c) pays ull expenses incurred in enforcing this Security Instrument,
<br /> includins, but not limited to, reasonable attorney.s'fecs; und (d)takes such action as Lender may reasonably rcyuire to assure
<br /> � thut the lien of this Security[nstrument, Lender's rights in the Property und Rorrower's obligation to pay the sums secured by
<br /> .. .. .. . _ ..--' -`-u ---':-.._ ...._�..........t I t...... .o:.,�r..�nm..nr ho Rmm��vvr thic Gruritv inctn�m�nt wrvi fh.+ .
<br /> I[IIS JCCUCttY Ill3ttuU�ctm m�u �vaa.uu�, u�a.u...�a..... ..�..... ...................... ..� _........_.. _..- --'--•-� ----•--..--..- --- -^ �
<br /> _— obligations sc:curai hvreby shall remain fully cffective as �f nu uccelerution hud occurceci. Howevcr, this right m rcinstate shall .
<br /> --_= not apply in thc casc of acccicration undcr p:uagraph 17.
<br /> = 19. Sale o[Note; Chunge of Loan Servicer. The Notc or a partial intcrest in thc Note (together with this Security
<br /> --- Instrument)mny be sold one nr murc times without prior notice to Borrower. A sale may result in a change in the entity(knawn
<br /> ` us thc °C.nxn Servicer")that collects monthly payments due under the Note and this Security Instniment. There also may be one .R�
<br /> '� or more changes of the Loun Scrvicer unrelated to a sale of d�e Note.If there is u cha►�ge of the Lnan Servicer.Borrnwer wil�be
<br /> ';,_'� given written nutice of the change in accordance with paragraph 14 above anJ upplicable la�v.The notice will state thc nunee:u►d _
<br /> .��_� addtess of the nc�v i.oan Servirer and the •rddress tu �vhich payments should be made. The notire will ulso contain uny other
<br />��},�,�� infom�ution rc�yuirecl by applirablc luw. _
<br /> 20. Hnzvrdous Substances. Borrowcr shall not rause or permit thc pnscnce. usc, disposal. storage, or rctease of any
<br /> � '� Haxardous Substnnccs on or in the Propetty. Borrower shall not do, nur allow anyune clsc tc� do, unytiung affecting the
<br /> -��- Property tl�at is in viulation of nny Envimnmentnl Luw. The prcaxling hvu sentences shull not apply to the presencc, use, or
<br />°-?_� storagc on thc Pro{�crty of smull yuantitirs of Wazarduus 5ubstxnres that am gencr.illy rccognized to bc appropriate to n�rmal
<br />,,- residential uses and to maintcnancc i�f thc Pn�perty. _
<br /> Popo a o�a Form 3028 9190
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