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<br /> substantially ryuivul�nt nHxt�a�c inwrr�ka��tincracc ic ix�t a��•rilabic, ll+��rnu�r�hrll p:►y to l.crdcr cach nwnth a�um eyual ta
<br /> �►��•twclilh uf the yearly nu�r�gugc insura�kc pr4mium oein�;paiJ by &���ou•er a�l�en�hr insuran:r coveragc�ap.wd ar cea�e�i ta
<br /> h�in cfi.�t. t�cncicr will�rrep�, use aszsl retsin�hc�r payn►en�c a� n I�,c. r.�erv�in licu ul' nwrtFagc in.�uriuu'a I..��ss h�crve
<br /> prvuuntr nt�y u+►lungcr tx requ+roJ, at th�opti�,n cH Lcixlcr. if ntc�rtFagc iilcura�uc ru�•rrrgr(in�he wix�unt un3 far th.p�ricxl
<br /> �h�t 1.eixler r�v�uires)pr.�vidr�by an in�urc�appr�n•ec1 hy I.ctxkr again lxcunks availahle:�rwl i.ubwii�J. [k�rruw•cr st�ll p�}
<br /> thr pmmium�reyuireJ tu n�iivain nwrtga��e iinura�tice in ef7crt,ur n�F�n���iJe a Icu.�rescnr,until thc rcquircment fur nwngag
<br /> in�urance eixk in urcur�lunrc wi�h wiy wrUten agreenxnt t+etw•een Borruwer:uxl l.cixtc�ur applicable law.
<br /> 9. �Il:i[11lCqJtHI. l.c�uler or ik ug�n�atia� nwkc rcaunwhle c►urics u�n wkl iiupertimts ut thc Pmpeny. l.,cixler�hall give�
<br /> Borra�•er ix�tice at tNa tink uf or p�i�,�ta�n incJtic�ti+tin s{k::ifyins resscmable czu::v far the in�pection.
<br /> 10, t:oruieni�wttoii. Tt►e prex:xJs of any award or clalm fur da�»ages, direct or eon�equemial, in cunnectian with any
<br /> .���xlemnatiu��nr other t:d:ing of any part af tl�e F'ropeny. ur fur cuuveyun�c in lieu of c.�nJc�iu�tion, an.hereby asxigi�ec!
<br /> slwll l�c puid tu I..cndc�.
<br /> iii tl�c event of a total taking oF thr P���+;.riy,thc pnz;erdc ahall be�ppliec!ta the sums urureci hp�hie Seeurity Instrument,
<br /> wtuthcr��r not thcn duc, with:uiy eY�rss {�id Io fic�rrow•er. In the evcm of a panial taking ��f the Property in which the faiP� -
<br /> mtu•3:ct vuluc uf the Pro�x:rty inunaliatcl�° t�eft�re thc taking is cqual to or greater than the umount nf tt�e�ums secured by this
<br /> Security Instrument immeciiately t�cfarc tho luking, unlecc Borrowcr and Leiulcr otherwise agrec in writing,the sums s�cured t►y
<br /> this Security l�utiumcnt �hall be reducod hy the amount af thc prceeeds multiplied by the faltowing fraction: (a) the total
<br /> unwunt of thc wn�.e sccured inuixdiatel�� t►efam the tal:ing, dividal by (b) tlte fair n�arket value of the Property immecli�tcly
<br /> befure the �ai:ins. Any balance shall he{x�id ta Borruwer. ln the event of a panial ta{:ing af the Propeny in wliich the fair
<br /> mtuket value of the Propeny imnxdiatel�• hefar4 the taking is le.e�than the amount af the sums sec�red immediately before the
<br /> taF:ing, unless Borrower Atxi l.ender otherW�ise agroe in writing or unless�pplicable law otheewise provides,tite procet�ds sf�ll
<br /> be:ipplied to the wn�.c secumd by this Security Instnin�ent whed�er or ne�t the sums are then due.
<br /> If tltc Propeny is abandoned by Borrow•er,ar if, aRer notice by Lender to Borrawer�hat the condemnor offers to make an
<br /> award or settic a clrim for damages, [i�r�ou•er fails to respond to L.ender witf�ii► 30 days af'ter the date the notice is given,
<br /> Lender is�uthorized ta collect and applp ti�c prace�ds,at its option,either tu mstoration ar repair of the Praperty or to the sums
<br /> securcd by this Security Instrument,a�hether ar nnt then due.
<br /> Unless Lender and Bonower othenvise agree in writing, a��y application ot' proceedc to principal sh�l! not extend or
<br /> p��stponu thc due date of the monthly payments r�ferred to inparagr.►ph�1 and 2 or civa*.�e the arno�+nt of such Fu;c-a�ents.
<br /> 11.Borroxer Not Released;ForlieArance By I.ender Not a Waiver.Extensicacr��f iF�e time for paymer.t�r^��dific.ation
<br /> of nmortizstion of the sums secured by this Security lnstrument granial by Lender to a�y successor ize interest rF i6ti�sa*wer sF�l1
<br /> nat operate to release the liability af the ariginal Borrow•er or Borrower's successors in interest. l,er.r,�cr shall n.0 t*z^:�:i-e�U.�
<br /> commence procecdings agairst any sucressor in interest or refuse to extcnd time for payment or ott;erwise modif� amortizs..,^�.r•.
<br /> af the sum.c secured by this Security Insqument by reason of any demand made by the original Borrowec cti Borrou•er's
<br /> succes.�c►rs in intercst. Any forbearance b�� l.ender in ezercising any right or remady shall not be a waiver of��u�reclude the
<br /> ezecrise of any right or remedy.
<br /> 12, Successuts and Asc9�ns Bound; Joipt and Several Liability; Co-siRners. The cover�ants and agr�nts of this
<br /> Security Instructxnt shall bind and betti^.�t the succe.�sors and assigns of I.cnder and Borrower, subject to t1�e provisions of
<br /> paragraph !?. Sorrower's covenants and agrcements shall be joint �nd several. Any Borrower who co-signs this Security
<br /> Instrument but does not execute tF� Note: (al is co-signing this Security inun►ment only to mortgage, grant and convey thaS
<br /> Bomower's interest in the Property under the temu of this Security Instnrment; (b)is noi personally obligata�u�paY the sums
<br /> secured by this Security Instrument;and(c)agrees that Lender and any othcr Barrower may agree to extend,modify,forbezr or
<br /> make any accommodationc with regard to the terms of this Security Instwnent or the Note w�thout that Borrower's consent.
<br /> 13. I.oaa Cdarges. If ti�e loan secural by this Securiry Instnrment is subject to�iaw whicEe sr.�s maximum loan charge�.
<br /> and thut law is finally intetpreted so tiwt tl�c�interest or odier loan charges collcxted or to be colf.c�.Yed in rnnnaction with ttk
<br /> loan exceed the permitted limits,then: (a)any such loan charge shall be roduced by the anwunt necessary to reduce the chuge
<br /> to the perminod limit:and(b)any sums silready callected from Bo;ruwer which�xcaded perminad limits wiU be mfundod to
<br /> �r.�u��r. L^t�:�. say �..^.�:�. ta ssi::s thfis re.�s:w b, :�utir.g !!� �s':�x'i�..l ��•,.� ���ui'r rlr. Not� or by maicin¢ a direct
<br /> paYment to Borrower. if a refund raiva;s principrl, ll►e ��uction wi11 be uea:c� as � parcia! Prepaymsnt �eithout any
<br /> prepayment cluuge under the Note. '
<br /> 14.Notices.Any notice to Borraw�er provided for in this Security Insituu�ent s}�a11 be given by deliv�dng it or by mailing
<br /> it by first cl�ss mnil untess applicable law requires use of another method. The notice sh�ll be directed to the Property Address
<br /> or any other address Borrow•er design�tes by notice to Lender. Any notice to Leixler s}�all be given by firsi clzcs mail to
<br /> Lender's address stated herein or any other a�3dt�ess Lender designates by notice to Borrower. Any notice provided for in this
<br /> Seeuciry Instrumcnt shall be deemad to have been given to Borrower or I.ender whea��ven ac pmvided in this puagraph.
<br />- 15.Governing Iaw; Severahility. Tfus Security Inswment ��a11 be gocenaod by federal law and the law of tIte
<br /> jurisdiction in which the Pnoperty is IocatECS. in the event that any provision or clause of this Security Inst�ument or the Nvice
<br /> conflicts with applicable law,such conflict shalt not affect other provis�ons of this Security instcument or tite Note whieh can ix
<br /> given effect without the oonfliaiug provision. To this eud the provisions of this Socurity Ituttumau and tfie Note are decJared
<br /> to bo sevtrable.
<br /> 16.Borrower's Copy.Borrower shall be given one confom�ed wpy of the Note and of th;s Security Instrument.
<br />= 17.Transfer of tbe Property or a Beaef'kial taterest in Bon�ower. If all or any part of thc Property or any interest in it
<br />- is sold or trancferred(or if a benefuial inierat in Borrower is sold or transferrod and Bomower is not a natural person)witlwut
<br /> Lendcr's pr'sor written consent. Lendcr may. at its option, roquire immediate payment in full of all sums secured by this
<br /> 5ecurity Instrument.Howevu,this opdon shall noi be exercised by Lender if exercise�s prohibitad by federal iaw as of the date
<br /> of this Savriry Instrument.
<br />- if Lender exercises this option, Len�ar shall give Borrower notice of acceleration. 'il�e notice st�ll provide a period of not
<br />-'- less tiwn 30 days from the date the nosice is delivered or mailed within which Borrower muse�cYti all sumc securad by this
<br />°° Serurity Instrument. If Borrower fails to�y these swnc prior to the expiration of this period.Le�may invoke any remedies
<br /> permittal by this Secvrity Instrument withau�fi�rtltier notice or demand on Borrower.
<br /> 18. Bomower's Riight to Reinsts�te. If Borrower meets certain conditions, Borrower �Ca;cl t�ve the right to f�ave
<br /> enforcemeni of this Security Inurumetu discoutinued at any time prior to the earlier of: (a)5 c;sys (or surh�Nher period as
<br /> applicable Iaw may specify for reinstate�ent) before sale of the Property pursuant to any par•;et of sale c�t'�ait�ed �n this
<br />° Scxurity Lutnuraenr,or(b)entry of a jucign�nt enforcing this Security insuument.Those oonditian:s are that Borrower: (a)gaks
<br /> I.ertder all su�which then would be due under this Securiry Instivment and the Note as if no;�letation had occurred:(1�j
<br />`" cu�es an;default of an; other eovt�nts or agreements; {c) pay�a11 expencce incurred in enforcin¢this Sxurity insi��^t.
<br /> including,but not limited to, reasonable attomeys' fees; a�x!(d)takes such action as l.ender may reaconably require to atwre
<br /> thnt the lien of this Security insuumenl, Lender's rights in the Prope�7y�u�d Borrower's obligation to pay the sums secured by '
<br /> this Security instrument shall continue unchanged. Upon rcinstatement by Borrower, this Security Instrument and the�
<br />- obligs�inns securcd hereby shall remain fully effective ac if no acceleration tiad occurced. However, this right to reinst�te sh�l�
<br /> not apply in the case of acceleration under pazagraph 17.
<br /> 19. S»Ie ot Note; Chaa�e of I.oan Servicer. The Note or a purtial interest in the Nc�te (together with this Security
<br /> Insttument)may be sold one or more times without prior notice to Bormwer. A sale rrny result in a change in the entity(knowp
<br /> zc the"Loun Servicer")that cotlects monihly p�yments due under the Note and this Security Instrument.There also may be one
<br /> or mare chunges of the Loan Servicer unrelatod to a salc of the Note.If there is a change of the l.oan Scn icer.Borrower will be
<br />- given written notice of thc change in acx�rdance with paragtaph 14 above and�pplicable law. The natice will st3te the narne and
<br />-' address af tite new Loun Servicer and tirs address to which pa��merus should be�nacie. The nocice wlll also contain any oiher
<br /> information required by applicable law.
<br />� 20. Ha�rdous Subst�uces. Botrower shall not cause or permit the presencc, usc, disposal, storage. or rc!ease of any
<br />= N:�wd�ws Substar�cc� on or in the Pra�erty. l3ottower sh:ill not do, rwr all�w anyone clse to do, anything affi:cting the
<br /> Propeny that is in vinlation of any Em•ironmenial l.aw. The preccding two sentences shall not apply to the presence, use, or
<br />= storrge on chc Property of small quaniitirs oi Nazardous Substaiucs that arc generally recagnizal tn bc:appropriate to normal
<br /> residential uses and to nu►intcnance oF tA�:Propeny.
<br /> P.o.3 a• � Fam 302a 9l90
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